I Found the Home of my Dreams…!

You really can buy your dream home!
You really can buy your dream home!

You have finally found the home of your dreams, but how much should you offer? Without a doubt this is the question I am asked most frequently when working with buyers, especially first-time home buyers. It isn’t always an easy question to answer but there are a few tips to help you make that decision:

1. Ask your agent how much comparable properties in the neighborhood have sold for.  The best indicator of value is the selling price of homes that are similar to the one you are hoping to purchase. Your Realtor can run a search and show you exactly which homes have sold, when, for how much, and generally show you pictures so you can compare condition, location and amenities.
2.  Ask yourself how badly you want this home. For some people, it is just a house, for others it is THE house. If this home is the only one that you believe will meet your needs in the next 5-10 years, you will probably want to make an offer higher than if it is just one of several that will work.
3.  Are you going to ask for the seller to contribute toward your closing costs? If you are, you should factor that into your offer. The more you ask for in the form of seller credits or seller-paid inspections, the more appealing that offer should be. Anytime a buyer is asking for concessions, the offer becomes less and less appealing to the seller. You can compensate for that in your offer price. Ask your Realtor what costs are typically paid by the seller and which are paid by the buyer. This can help you structure your offer to be more enticing to the seller.
4.  Can you afford it? Just because a lender tells you that you can borrow a certain amount doesn’t  mean that you are comfortable at that payment. Look at your budget and decide how much you can manage each month and still put a little into savings for the future. If you have to offer more than that amount, it might be wise to keep looking. Buying a home is probably the largest financial investment most of us will ever make. It is important to do your homework and seek the advice of a licensed real estate professional. Working together with your lender and your Realtor, buying the home of your dreams can be a reality. Happy house hunting!

Staging-It Just Makes Sense

Recently I purchased a home with the purpose of flipping it.  It was a much nicer home than I usually buy, but it still needed some improvements.  We touched up the paint, replaced the stove, changed

Master Bedroom
Master Bedroom

out some light fixtures and replaced some faucets and a vanity top.  There were also some miscellaneous repairs that needed to be made and I replaced the front lawn with some low-water

landscaping.  And then I

master bedroom
Master Bedroom

had someone clean it from top to bottom, including sprucing up the backyard.  I thought it looked pretty good when all that was done so I took some pictures of it before I had it professionally staged.  I usually stage a home myself but this one was vacant and I didn’t want to start from scratch so I hired a design firm from the Roseville area.  Wow, that was perhaps the best investment I made on this project.

The home looked spacious and open before the staging, now it looks spacious and beautiful.  I can’t even describe the way it feels when you walk in to a lovely living room setting, instead of the empty room that greeted you as you opened the front door.  I haven’t had the home listed for even 24 hours and I have multiple offers.  Our market is  crazy-hot right now, but I know that professional staging works.  If I wasn’t a believer before I certainly am now.  And I am not alone, according to Realtors who work with buyers, a staged home generally gets higher offers than a similar non-staged home.  This doesn’t mean you need to go out and spend thousands to have your home staged, but there are plenty of things you can do with what you have.  Start by de-cluttering and de-personalizing the space.  Choose paint that is in neutral tones and clean the house from top to bottom.  No one wants to walk in your home, sniff, and say “they have pets”.  So clean and de-clutter, get the advice of your Realtor or even an interior designer on how to rearrange your furniture, and happy selling!

Living Room
Living Room
Living Room
Living Room

 

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Best Buy in Yuba County!

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5349 Feather River Blvd., Olivehurst, CA

This 2 bedroom 1 bath home at 5349 Feather River Blvd. in Olivehurst is just waiting for your personal touch.  While it definitely needs some work, this home has potential.  There is a formal dining room and an extra room that can be used as a den or bedroom.  Set back off of Feather River Blvd., it is surrounded by trees and fencing, making it feel very private.  This HUD-owned home is sold as-is and is listed at only $61,000.  FHA Case #043-710166.  Contact me at 530-301-3164 for more information or to submit an offer.  Equal housing opportunity.  See more photos here.