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Selling Las Vegas house curb appeal staging are a few easy and inexpensive staging tips that will make your home attractive to new home buyers and hopefully lead to a quick sale.
Thankfully the real estate market has improved over the past 12 months, those who were previously under water have hopefully recouped some of their investment.
Many are using this time selling Las Vegas house and invest in a new home.
If you’ve decided to Selling Las Vegas house and would like to do so quickly, you will have to come up with ways that will set your home apart from the others currently on the market.
One of the easiest ways to do this is to stage the home to highlight its benefits and down play any undesirable features in order to attract the most prospective Las Vegas home buyers.
Your home should look as clean and attractive as a model home that the perspective buyer can see themselves living in for many years to come.
Here are a few easy and inexpensive staging tips that will make your home attractive to new Las Vegas home buyers and hopefully lead to a quick sale.
Get Rid of Clutter. The first thing you need to do to prepare selling Las Vegas house to sell is to get rid of all the clutter and junk that you may have laying around, and that includes your garage.
Rooms with fewer pieces of furniture make the room appear larger than it is.
Professional stagers often take as much as half of the furniture out in an effort to open up the room and make it appear bigger.
You may consider renting a storage unit while your home is on the market to store items that aren’t currently needed or to store extra furnishings.
Make a Small Room Appear Larger. One trick that stagers use for small rooms is to paint it the same color as an adjoining room.
A small kitchen and adjacent dining room will look bigger if they are the same light shade.
Using the same color drapery as the walls is another trick to make a small room appear larger.
Neutral Colors. While we all have our own personal taste, when you’re selling Las Vegas house it’s best to cover up bright and bold colored walls with a fresh coat of neutral colored paint in off white, beige and tan.
Very light blues and soft greens work well too.
Remove Personal Items. You should de-personalize your house by removing personal items like family heirlooms and photos.
You want perspective Las Vegas home buyers to think of your home as their home, and it’s difficult for them to imagine themselves living in your home if it’s full of your memories.
Clean, Clean, Clean. No one wants to walk into a dirty home that smells like a wet dog that has stains on the carpet.
Remember, anyone serious about buying your home will look under kitchen and bathroom cabinets for leaks, so everything from top to bottom should be sparkling clean.
A dirty, smelly home will turn a buyer off immediately.
Have your rugs and furniture professionally cleaned and get regular cleaning service keeping your home spic-and-span throughout the time it is on the market.
Don’t Forget About Curb Appeal.
The first impression your home will make will be when the perspective Vegas home buyer and their Realtor pull into the driveway.
Make sure that all children’s toys and bikes are neatly put away. Make sure garbage cans are put behind your gate and be sure to cut the lawn.
Here in Las Vegas many of the homes don’t have grass but decorative rock instead.
If your home has rock, make sure there are no empty patches. Have a landscaper sculpt trees and bushes and trim any cactus, to make sure that your home makes an impressive first impression.
By following these inexpensive staging ideas, you will be making you home look more like a new model home.
These points are especially important to selling your Las Vegas house, especially if the sale in contingent upon you buying another property.
Full-service agents, and lower fees that provide a better value for Robert Ratliff RE/MAX Excellence Las Vegas buyers and sellers.
Sellers Guide – Selling a House – Las Vegas Home Buyers – Selling a House
Sellers guide to negotiations and counter offers when selling a house and you have employed a Realtor®, established a listing price for your home and put your house on the market. Several Las Vegas home buyers have attended showings, and one or two have been highly complimentary about your home.
Sooner or later, you’re going to get a buyer that’s interested enough to make an offer. The problem is, when the offer arrives on your agent’s desk, it’s not entirely what you were expecting. Perhaps the price is too low, or the offer is so stuffed with contingencies you fear that you will never reach closing. Is this the end of the road?
In most cases, it’s actually just the beginning of a successful transaction. Negotiations and counter offers are a normal part of the home selling process. Going back and forth, you can soon reach a deal you are happy with. Sellers guide to negotiations and counter offers when selling a house and here is how you get there.
Before you can make a counteroffer, you need an offer. A buyer makes this by filling out a standard document called a residential purchase agreement. Don’t let the name confuse you. The pre-printed “contract” is not legally binding until both parties agree to its terms and sign the contract in evidence of this fact. Until you sign, the document is simply an offer.
A buyer’s offer is their opening gambit. Using the standard document, the buyer inserts all the terms they would like to include in the deal, such as:
Any contingencies, such as a finance contingency if the buyer needs mortgage finance to proceed with the deal, or a condition that the buyer sells their current home before they buy this one.
If you like the offer, you can accept it by signing the offer document. At this point, the offer turns into a binding purchase agreement. Neither you nor the buyer can back out of the deal unless the contract allows you to do this, for example, if the buyer’s home inspection throws up material repairs that the buyer is not willing to take on.
In most cases, the original offer from the buyer is not acceptable. You now have two choices: reject the offer outright or make adjustments to it. This is known as a making a counter offer.
Like an offer, the seller’s counter offer is made on a pre-printed documented called, plainly, a counter offer. This is your opportunity to change any of the terms suggested by the buyer and to write in your own terms. For example, you might:
To be binding, you must sign the counter offer and deliver it to the buyer or the buyer’s agent. Once you do this:
If the Las Vegas home buyers does not respond by the expiration date, the counter offer expires. You have now fallen out of negotiations with that particular buyer. Those negotiations can only be reactivated by the buyer submitting a fresh offer.
When he receives a counter offer, the buyer has three choices:
Counter offers are where the rubber meets the road of the value you get from your real estate agents. They handle offers and counter offers day in, day out and will have a good handle on whether a buyer’s offer is good enough as it stands.
Multiple factors come into play here. Obviously you have a price expectation, and your real estate agent will do his best to meet that expectation. If the offer is clearly unreasonable, your real estate agent invariably will advise you to submit a counter offer.
However, if you are selling your home in a buyer’s market, the buyer may have his pick of suitable homes in your area. Making a counter offer — even one that seems reasonable — may drive the buyer towards the second home on his list, and you may end up with no deal.
Conversely, in a seller’s market with a shortage of suitable homes for sale, the buyer may be prepared to hang in through two or three rounds of counter offers to secure their dream home. In this scenario, you can probably afford to push for your perfect deal.
A second factor your real estate agent will investigate is the buyer’s motivation. If the offer is unacceptable and you need to counter, what type of counter offer will best hit the buyer’s buttons? A counter offer that raises the price, or one that keep the price lower but reduces the closing costs paid by the seller? The net dollar price of the two counter offers may be the same, but the buyer may find one deal more palatable than the other.
Sellers guide to negotiations and counter offers when selling a house best advice is, listen to your Realtor® and tread lightly. If you can live with most of the items in the offer, it’s probably better to take it. After all, having a willing and able buyer under contract is worth far more than having a home sitting on the market waiting for the perfect offer to come along.
Sellers guide to negotiations and counter offers when selling a house, so thinking of selling your house? Let’s start a conversation even if it’s early. Re Max real estate agents have expert real estate agent across the nation happy to discuss your plans. Feel free to use our 15 second Home Value Estimator and take a look at what your home may sell for today.
Call Bob & Diana with Ratliff Realty Group with RE/MAX Las Vegas!
Mistakes to Avoid When Selling Your House
Mistakes to avoid when selling your house that are a common seller mistake that many homeowners commit that has always cost them of attractive sale deals. You should always ensure that your Las Vegas Homes for Sale is available for sale before you start real estate agent advertising it to potential buyers.
Making your Las Vegas Homes for Sale ready for sale entails ensuring that all the minor repairs are taken care of, the house is clean and that you have staged it properly. If you cannot afford to pay an expert to do it for you, you can do most of the preparations on your own. Forgetting to do these small repairs may lower your home value or even prevent you from making a sale at all.
The importance of doing this is that, if a buyer notices that you have neglected minor repairs like a faulty door knob or a creaking window, they might wonder what other major repairs have not been addressed in the home. You may need to go an extra mile and ask a third party such as a real estate agent to point out other repairs you need to rectify that might have escaped your eyes.
You will also have to de-clutter the house so as to give the Las Vegas Homes for Sale buyer an illusion of space, repaint the house in a neutral color and eliminate any unpleasant odors that may be lingering in the rooms. All these will help you to make a good impression on whoever is going to buy it as well as increase the home value.
Mistakes to avoid when selling your house that you should steer away from is over-improving your home. When you are making your home ready for sale, you might be tempted to over-improve it in a bid to make it look more attractive to buyers. However, real estate agent experts advise that you should do it in moderation so as to avoid scaring customers especially if the house is situated in an area where there are many other houses for sale.
That is because the other houses in the surrounding might just be moderately enhanced, which will make your stand out. Therefore, buyers will prefer to buy the other houses thinking that they will cost less than yours. It is also a universal rule in the real estate circles that buyers seek to buy an affordable home in a classy neighborhood.
There is also an unwritten rule stipulating that the improvements made should only ensure that the property becomes presentable does not entail significant capital investments and that it echoes the real estate agent community culture.
You will only have to ensure that the house is in a good condition by doing mechanical repairs that involve fixing the plumbing system, the flooring, ceiling, patio, lawn, doors and windows. With all things in place and perfect working order, you should be confident about getting a buyer who will be comfortable with the home value.
You can also do the cosmetic improvements that entail painting, landscaping and adding wallpapers. These enhancements are sufficient; anything extra will do more harm than good to the seller. You can use this as a yardstick to help you realize how much improvement is within the range.
Therefore, mistakes to avoid when selling your house avoid overdoing the improvements since to the potential buyer, the house may end up being too costly to afford. If you do manage to make a sale, you might not recover the money you had spent on the improvements.
If you are selling a Las Vegas Homes for Sale for the first time and are worried that you will be unable to do it on your own, you should enlist the help of a real estate agent. When it comes to looking for a Realtor® ask around for the one who had a solid reputation in helping buyers navigate the home buying process seamlessly. Mistakes to avoid when selling your house hiring someone just because they are your friend; rather, focus on finding someone with experience and expertise in selling homes.
You should also look for someone who knows the area well and has a vast knowledge of the market conditions so that they can advise you appropriately. In some states, it is even illegal to carry out such real estate agent businesses without involving a real estate agent.
Therefore, you have to do your homework and look for someone who will be most qualified for the job. A competent real estate agent from a reputable company will be able to do various things for you that will expedite the process of selling a home. They will also ensure that you have peace of mind while going through it. He/she should be in a position to advise you on the best asking price based on the range of prices of other similar houses in the area. They will also help in making negotiations ensure that you get the highest price possible which will help you make a god profit out of the sale.
The price that you will finally sell the house should also enable you to afford the costs involved in moving into a new home. Real estate agent Realtors have been known to negotiate even for a much greater price than the seller had anticipated they would gain from the sale.
A professional real estate agent will also ease your burden as they can deal with the numerous paperwork involved in selling a house on your behalf as you concentrate on packing or preparing a Las Vegas homes for sale. They will also be with you when you will be closing the sale to guide you through the process and negotiate on your behalf.
Real estate agent Realtor will also give you valuable advice on how much improvements you should make in your home before selling it based on their knowledge of the neighborhood. That can help your house competitive fairly with other houses in the neighborhood that are being sold at that time. All these responsibilities will take a weight off your shoulders are you go through the strenuous process of relinquishing your ownership over your property to someone else.
Therefore, you should not dismiss the idea of hiring an experienced Las Vegas homes for sale realtor or hire a less qualified one in a bid to save the money you would have paid them.
Las Vegas Homes for Sale like any other business, requires mutual trust and honesty. Therefore, it will be necessary for you to reveal all the important details about your home to the prospective buyers. That will include information such as whether there are any shortcomings in the house that require repair. Failure to mention such sensitive information can be a detrimental seller mistake on your part since it may attract a lawsuit as the buyer could sue you for misleading them.
Therefore, ensure that all the information that you will publish in advertisements is accurate to avoid breaching various laws. It will also discourage buyers from buying your house as they will consider you a fraud. Such a mistake can also make your house go for too long without finding a buyer, lower its home value or ultimately lead to a foreclosure.
That is not the end that you had envisioned in the beginning. It could also force you to service two mortgages at a go or even end up paying more rent elsewhere. Conducting honest dealings with your customers will help you avoid all these humiliating and costly outcomes.
Las Vegas Homes for Sale is a serious matter in which a lot of money is at stake; hence, rushing the process can be a serious seller mistake on your part. You should take time planning about the sale in order to make sound decisions. You do not want to make decisions that will make you regret later on. One of the vital things that you should consider, after you have decided to sell your house, is finding out about your mortgage status.
Find out if there are any pre-payment penalties that you risk being charged by your lenders. Failure to consult with your bank on this matter may lead to significant financial losses for you. You should also take your time to research on the market conditions in your area.
That will determine the price range that you should be selling your home at to avoid setting a ridiculously high price that might deter buyers from purchasing your house. Information about the market condition will also help you know whether there is high or low demand for houses at that time of the year. You will also need time to find out the other options available to you in case you decide to sell a home in the future.
Rushing will also deny you the chance to find out all the legal requirements that you will be supposed to meet as the homeowner. You will also overlook doing adequate marketing for your home in order to make a better deal. Thus, take your time to do all the requisite preparations that will help persuade the buyer to buy it.
Indeed, selling a home requires a lot of patience to ensure that you get a good price for your home and avoid giving up when it looks like no buyer is interested in purchasing your Las Vegas homes for sale.
Las Vegas Homes for Sale can have a psychological and emotional effect on you as you may have grown to like your home so much over the years. That is where you have made many precious memories with your family or spouse. Therefore, it is easy to feel emotional about putting it up for sale. Unfortunately, these emotions might crowd your judgement and lead you to believe that your house is flawless or superbly decorated that every buyer will like it as much as you do at the first sight of it. However, that can be an appalling mistake on your part.
You are just supposed to treat the whole affair as a business and put the sentimental aspects aside so that you can make rational decisions about the sale. You are primarily expected to be clear headed during the home inspection process. Be open-minded about what the home inspector will tell you about the home and be ready for any eventualities. Be reasonable in case you are required to do some repairs following the inspection’s report. Avoid arguing with the buyer over a small repair that you can fix quickly.
However, do not put it upon yourself to make every major repair in the home if you know that you are not up to it financially or emotionally. Choose the ones that are within your budget and ensure that you fix them adequately. In conclusion, selling a house can be an easy and profitable experience if you manage to avoid these six major seller mistakes. These real estate agent mistakes include selling your house when you are not ready, over-improving it, hiring the wrong personnel, hiding crucial information, rushing and being emotional while selling. Mistakes to avoid when selling your house will help you to improve the home value and hence sell it at a favorable price.
Real estate agent Bob & Diana with Ratliff Realty Group with RE/MAX Las Vegas has highly skilled and experienced real estate agents who can help you circumvent the challenges of selling a house. They have a vast knowledge about the area and will give you valuable information concerning the market condition of the real estate industry in the region. You do not have to guess the next steps or mull over the legal implications of doing certain actions when our team of real estate agent experts are within your reach Las Vegas homes for sale.
Short Sale – Las Vegas Short Sale – Mortgage Deficiency
You can buy a house the day after your Las Vegas short sale closes — if you have the cash. Unfortunately, few home buyers are lucky enough to land a sudden windfall and must rely on mortgage finance to buy their next home. Loans can be hard to come by. Short sales raise a lot of questions from lenders who assume, often incorrectly, that you are a credit risk.
Some lenders won’t touch you for a full seven years after a major mortgage deficiency derogatory event like a short sale. Luckily, there are things you can do to qualify for a new loan in just a few months, subject to certain conditions.
You Might Also Like: Curb Appeal and Home Staging Can Get You More Money When Selling Your Home.
First let’s take a look at the various loan options available to you after a Las Vegas short sale.
At first glance these waiting periods look disheartening. The good news is, they’re not set in stone. If you were current on your loan when your short sale completed, were forced to sell short through no fault of your own and have worked hard in the meantime to rebuild your credit, the waiting period could shrink — quite substantially in some cases.
Several factors increase your chances of securing a home loan before the benchmark waiting period is up. These include:
Both Fannie Mae, the FHA and the VA have shown themselves willing to overlook Las Vegas short sale waiting periods where some or all of these mitigating factors apply. In fact, under its flagship Back to Work scheme, the FHA is willing to back loans for Nevada borrowers who have completed a short sale with no waiting period, as long as:
Some VA lenders will consider your loan application as little as one month after a short sale if you have not been late on any mortgage payments before the Las Vegas short sale closing date and you have rebuilt a credit score of 660 or above. Ask a Las Vegas short sale Realtors
Now for some really good news — rebuilding your credit score may not be as difficult as you might think. Fair Isaacs, the company behind your FICO credit score, have recently lessened the impact a short sale has on your credit score. In fact, closing a short sale might actually boost your credit score on the day it is posted to your report. That’s because a delinquency on your mortgage deficiency is reported as 60, 90 or 120+ days past due payment.
A past due notice tells mortgage lenders that you are a poor payer, and therefore a risky borrower, and can knock as much as 90 to 110 points off your FICO score. A Las Vegas short sale, on the other hand, is generally reported as “account settled for less than originally agreed” or simply “settled” on your credit report. Some lenders don’t report it at all. In many cases, this is preferable to a past due notice, especially if the lender does not report a deficiency balance to the credit agencies.
The key takeaway is this: act to clear up the issues that make you look like a higher risk to lenders and you should qualify for a mortgage. Begin looking at your credit at least six months before you are ready to buy again, pay your bills on time and save hard for a down payment, and it may be possible to purchase a home in as little as 12 months. Do nothing, and your Las Vegas short sale could put an end to your home ownership dreams for good. Las Vegas Short Sale Help!
Call 702-508-8262 today and ask for Bob & Diana at RE/MAX Las Vegas Ratliff Realty Group.