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How not to prepare for your home sale

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When preparing for a home sale, the devil is in the details. You probably already know about the “do’s,” de-cluttering, curb-appeal, staging, and making necessary repairs. But here are a few “don’ts” that often trap home sellers into making mistakes:

Don’t make a statement. Now is not the time to be bold with renovations and staging; but rather stay focused on getting your home sold. Stay away from trendy features, and bold designs. Although bright and dramatic colors seem tempting, stick with neutral color schemes. Besides making rooms feel awkward, making a statement with trendy fixtures and bold colors may turn off homebuyers. Your statement will have homebuyers fixated on the style, rather the space and potential of each room. 

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More property information to ponder

 

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Homebuyers should be happy to know there is a new resource that provides information about houses. In one report, buyers will be able to access information that is not always readily available or hard to find. A July 19 RealtyTrac (realtytrac.com) press release introduced Attom Data Solutions, their new parent company, and what it offers to the real estate industry and consumers. Attom Data Solutions’ (attomdata.com) self-stated mission is “to increase real estate transparency by arming businesses and consumers with the property and neighborhood data needed to make wise decisions.”

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When 'friendly advice' turns real bad

 

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Home buyers and sellers often seek advice from others. Even when they’re working with a professional who provides expert guidance. You might think it good to get validation or direction from others on your real estate decisions. However, a Vancouver consumer study suggests that following a friend’s advice may be a bad idea (Friends give bad advice; The Sun, 4/14/2011, p29).

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Essential life hacks for the home buyer

“Life hacks” have been trending everywhere the last few years, from the internet to social media. Life hacks are typically actions or wisdoms to make life easier.  However, home buyer life hacks are not easy to find.

The home buying experience can be time consuming and stressful.  Over time, the home buyer’s responsibilities change.  In fact, the home buying experience has drastically changed in the last decade.  Consider that mortgage programs and Realtor® contracts changed and continue to evolve.  Which includes the TILA-RESPA Integrated Disclosure (TRID) rule that went into effect last fall, which changed how a transaction settles.  Here are a five home buyer life hacks to make the experience straightforward and more enjoyable.

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Brexit might assist in some home sales

The immediate response of Great Britain’s referendum to exit from the European Union was one of anxiety and fear. Some thought the separation would set off a global recession, matching the financial crisis of 2008. While others believed it would be a blip on the financial radar. Of course, the housing industry is watching to see how the aftermath of the Brexit will affect homebuyers and sellers.

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Buying a second home for vacations

A trip to the beach or mountains may have you wondering about owning your own vacation home. And as it happened you’re not alone! An April 1st 2015 National Association of Realtors® press release estimated that vacation home sales bounced back to peak levels in 2014 with a massive 57.4 percent increase over 2013 sales! In contrast, during the same period there was an estimated 7.4 percent decrease in investment home sales, and an estimated 12.8 percent decrease in owner occupied home sales (realtor.org).

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Regular maintenance is a savvy move

The playwright Oscar Wilde must have been fond of the idiom “nowadays people know the price of everything and the value of nothing,” because he used it in back-to-back works; first in "The Picture of Dorian Gray," and then a variation in "Lady Windermere's Fan." Today, corrupted forms of Wilde’s phrase are wrongly attributed or misquoted – but the point is well made. More psychologist then poet, Wilde seemed to characterize a core consumer behavioral trait of seeking short term gain vs long term value.

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It’s a long way down to holiday road

Preparing your home for your summer vacation is much like preparing it for the winter or severe weather. Much of the plan is conventional wisdom and incorporates penny-pinching advice intended to prevent a potential hazard. The goal is to anticipate and minimize problems while you’re away by safeguarding the home’s systems and implementing a security plan.

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Looking forward to bursting a bubble

The March S&P/Case-Shiller U.S. National Home Price Index (spindices.com) was announced May 31st to reveal a 5.2 percent increase in home prices. Although down from last March’s 5.3 percent increase, home prices seem to be appreciating at a regular pace, with the metro areas of Portland, Seattle, and Denver leading the way with double digit gains (year-over-year price increases of 12.3 percent, 10.8 percent, 10.0 percent respectively).

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