Tag: help

Thinking about selling your house? Buyers in the Western WA area are excited for this hot market to continue to flourish. Even with lower average days on the market, and the record-low inventory of properties available (meaning less competition for sellers), I’m sure you’ll want to appeal to the most well-qualified and proactive buyers, am I right? To do this, you need to understand that it’s important that you’ve taken the time to appropriately and thoroughly prepare your house beforehand. Don’t worry, it’s not as time-consuming and painful as it sounds…


  1. Start with some Spring Cleaning– This is a basic yet important step any homeowner should take in preparing their house for sale. Buyers are truly turned-off by a messy home. It can even signify that your house was not very well-maintained, even if that’s not the case.
    • Pick up and declutter- Make sure all your belongings have a place to go where they are out of the way, when not being used
    • Deep clean- Think grout, vents, and blinds…
    • Get rid of foul odors that you may be used to
    • Wash the windows
    • Steam clean the carpet and rugs
    • Scrub the walls and baseboards if you’re not going to paint
  2. Start Your Packing Early- You’re already going through every nook and cranny of your house while cleaning and decluttering, so why not go a step further and actually start packing for your upcoming move?
    • Box away any excess clothing that you’re not going to wear until next season
    • Pack up décor and belongings that you know you’ll want in your new home, but just don’t need or have space for in your current house
    • Purge all unneeded, unused items- Pack it up and donate to your local thrift shop!
    • Sell or donate some of the furniture that you don’t want to take with you
    • Store away your valuables, since you’re not going to want to leave those lying around while strangers walk through your house anyway…
  3. Quick Repairs- Now that you’re able to see your house a little more clearly without the grime and clutter, go ahead and make those repairs that you forgot about or just got too busy to get around to.
    • WD-40 those squeaky door hinges
    • Mend peeling wallpaper
    • Unstick Sliding windows
    • Fix leaky pipes and faucets
    • Tighten up any loose handrails
  4. Spruce up Colors and Décor- Let’s revive everything a bit! Buyers want to be inspired and motivated- What better way than to liven up your home?
    • Freshen up your walls with a contemporary-colored coat of paint (Don’t get too crazy—keep it neutral)
    • Swap the outdated décor and linens
    • Bring some of the outside in with new plants and flowers
    • Paint your front door a fun, bright color
    • Give new life to older furniture by staining or painting
    • Fill the fire place- Sweep away ashes and replace with silk flowers, arranged candles, birch logs, or a beautiful folding screen
  5. Curb Appeal- This is usually the main photo buyers will see in any marketing of your home, and it’s obviously the first thing they will see before entering the home- So, don’t scare them away from looking further!
    • Fresh coat of paint when needed- On the shutters, front door, mailbox, or possibly the entire house
    • Clean gutters
    • Trim the trees and bushes
    • Plant new greenery and annuals
    • Update the address numbering on the house
    • Power wash the fence

One last tip: Make sure your home is easy to show when it does go on the market. Be ready for agents and potential buyers to stop by with little notice- even early mornings, evenings, and weekends. It’s going to be preferred for you to leave the house while the buyers preview, so they can move about the house without feeling like intruders as well as talk freely about their opinions of the home. Make sure to keep your home clean, warm, fresh-smelling, and inviting at all times for those who provide short notice. I know this can be incredibly inconvenient for you and your family- but the easier it is to show your refreshed home with all of your inspired improvements, the quicker it will sell!

Maybe you’re ready to buy a home, or maybe you’re just curious about the process and want to start by dipping your toes in. Whether you’re merely interested, or you’re completely ready for that house you can call your own, you’re going to want to do some research on it. Unfortunately, the home buying process can be confusing for some. But it’s much easier than it looks. Don’t let this confusion drive you up the wall or intimidate you–I’m here to make it easy for you! I have listed a handful of home buying terms and tips for you below:


  1. Prequalification: If you’re going to need a loan, the first step in buying a home is to get prequalified. This may sound hard, but it’s actually very simple. You’ll want to start by providing your lender with your financial situation. The lender will then evaluate your finances and provide you with a general idea of the potential mortgage amount that you could qualify for.


  • Remember This: Keep in mind that this is only a general idea and is not set in stone. Just because you are prequalified for it, doesn’t mean that you will 100% qualify for a loan that you were preapproved for.


2: Preapproval: Here is your next step in the home buying process. You must fill out a mortgage application. Here you will provide information to your lender. Your lender will then verify the information and approve you for a particular amount. This will provide you with a better idea of what your interest rate will be.


  • What This Does: This will give you a leg up and provide you an advantage with any seller. The seller will realize that you are another step closer to getting a mortgage.


  1. Home Loans: There are 3 common types of home loans that you may qualify for. (Keep in mind that there are other loan options as well, but these are the most typical). They are as follows:


  • Conventional: A conventional home loan is a mortgage that is not insured, or guaranteed, by the federal government. They’re popular with borrowers who have good credit, a stable job and income, and who can afford a down payment. People who are financially stable overall.


  • FHA (Federal Housing Administration): An FHA loan only requires a minimum of 3.5% down. They are great for home buyers with meager savings for a down payment, and less than perfect credit.


  • VA: If you’ve served in the United States military, a Veterans Affairs loan can be an excellent alternative to a traditional mortgage. If you qualify, you can score a sweet home with no money down and no mortgage insurance requirements.


  1. Adjustable Rate: An ARM, or an adjustable rate mortgage, can offer a home buyer a low interest rate on their home loan for a specified amount of time.


  • Note: After this time is up, the interest rate can fluctuate or increase for the remaining duration of your loan. This means that your interest rate can possibly increase.


  1. Fixed Rate: When it comes to a fixed rate mortgage, you interest rate on the mortgage is set at a particular rate for the whole duration of your home loan.


  • Example: If your mortgage is set at 30 years and fixed at 8%, then you will be paying 8% for the entire 30 years, regardless of any fluctuations in the housing market.


  1. Offers: When you are ready to buy a home, your real estate professional will write up an offer for you. This offer is the amount of money that you would like to purchase the property for. The seller may or may not accept your offer. Keep in mind that you don’t always have to offer the listed price.


  • Counter Offer: The seller may respond with a counter offer. This is when a seller is offering different conditions to agree to. You may or not may not accept this new offer. Negotiation skills are key in this step of the process.


  1. Home Inspection: A home inspection is an evaluation of the present condition of the home. This is based on a visual inspection, completed by a professional. It focuses on the performance of the home, rather than cosmetic, code or design issues.


  • Note: After the inspection, you will typically get a full report via email. Most inspectors get the report back to you in a couple of days.


  1. Appraisal: An appraisal means that a real estate appraiser will examine the house for sale. The goal of this examination is to provide the monetary value of the particular house and land at that time.


  • Remember: Your lender will order the appraisal during the mortgage loan process. so that there is an objective way to assess the home’s market value and ensure that the amount of money requested by the borrower is appropriate.


  1. Home Warranty: Remember that not everything goes the way it’s supposed to, and as such, a home warranty has its advantages. Basic coverage for a home warranty will include anything from major appliances, to pluming, heating, electrical, etc.


  • Note: This warranty is only for a specified amount of time, such as one year.


  1. Escrow: While buying a house, escrow is a safe holding area where important items are kept secure until the deal is closed, and the house officially changes over to the new owners. The third party is there to make sure everything during the closing runs smoothly, including the transfers of money and documents. Escrow protects each party by assuring that no funds and property change hands until all conditions in the agreement have been met.


  • Remember: The escrow officer is a third party—perhaps someone from the closing company, an attorney, or a title company agent (customs vary by state),


I hope defining these terms has helped the future home buyers out there. It can be a messy process trying to buy a house that you’ve always dreamed of. But taking a few moments out of your day to do research can help you loads more when it comes to buying a home.