Selling Your Home

What You Need to Know About FSBO Home Sales

5 Reasons FSBO Could Be a Disaster for SellersSelling a home without an agent might seem like a great way to save money. However, it has the potential to doom a sale from the start, or at least generate a lot of extra work for the seller. Here's what people need to know about for sale by owner (FSBO) home sales.

1. Selling Paperwork Is Complicated

Anyone who has gone through a home purchase knows that there is a ton of paperwork. Generally, it is the agent's job to identify the documents needed (which vary by state and the details of the home), help the seller fill them out correctly, and then send them to the buyer's agent for review and signature. Sellers who have no representative must either rely on their own savvy to march through the process and hope that they do not lose the advantage, or pay a lawyer to help them instead.

2. Marketing a Home Requires a Skilled Eye

Like many other business transactions, marketing a home for sale requires a complete package that is attractive to buyers. There are many aspects of the initial listing of the home that may fall beyond sellers' skill and knowledge. Setting the right price is paramount. Homes that are listed too high will languish on the market. Properties listed far too low result in a poorer investment for the seller, and this is common for FSBO. On their own, sellers have to figure out what are the best ways to stage the home for sale, and entice buyers to request a showing for a ...

Effective Marketing Strategies for Selling a Home

7 Ways to Market a Home for SaleSelling a home requires a solid marketing approach to get a good price without a long wait. When you and all the other home sellers in the market are all competing to sell homes to the same individuals, the right tactics could make all the difference. These tips help sellers determine how to market their homes ideally, to suit any buyer.

1. Hire an Experienced Agent

Although many people will sell a home at some point in their lives, it really is a professional activity. Hundreds of thousands of dollars changes hands in this transaction, which demands an expert hand. Hiring a real estate agent who has experience in the area will help sellers to understand the dynamics of the market in their region and local neighborhood, what buyers in the area expect to see, and how best to approach selling the home quickly.

2. Set Effective Pricing

Part of bringing on a professional to help sell a home is to determine the right price for the property. Homes that are listed too high are less likely to get buyer interest. Sellers that list the home far too low may make buyers wonder what is wrong with the property. Effective pricing ensures that buyers will seek more information once they see the list price, if they think the home may be right for them. An agent can do a market analysis for the neighborhood to select a sale price that is likely to match...

Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised!

Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised! | MyKCM

CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation.

U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity increase by a total of $908.4 billion since the fourth quarter 2016, an increase of 12.2%, year over year.”

Price Appreciation = Good News for Homeowners

Frank Nothaft, CoreLogic’s Chief Economist, explains:

Home-price growth has been the primary driver of home-equity wealth creation. The CoreLogic Home Price Index grew...

Competition is Coming, Are You Thinking of Selling Your Home?

Competition is Coming, Are You Thinking of Selling Your Home? | MyKCM

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.4% over last year.

How will this impact buyers?

More inventory means more options. Lawrence Yun, NAR’s Chief Economist, explained this is good news for the housing market – especially for those looking to buy:

“This rise in single-family housing construction will help...

Selling Your Home In a Buyers Market? These Tips Can Help

How to Sell Your Home In A Buyer's MarketA buyer's market is what happens when there are many attractive homes on the market and not enough buyers to purchase them. This type of market creates conditions where home prices are low and buyers have their pick of many desirable houses. Selling a home under these conditions can be a challenge, because sellers have to take additional steps to ensure their home stands out to buyers. Homeowners who wish to sell their property in a buyer's market must do what they can to make their property stand out. These tips will help you attract buyers and make your Greenbrae home more competitive.

Boost Curb Appeal

First impressions are lasting impressions. Sellers who boost curb appeal before they sell can often increase their home's sale price by as much as $10,000 or $15,000. There are many ways to improve curb appeal and make your home more desirable. A few tips include:

  • Plant colorful annuals
  • Clean up yard debris
  • Clean or paint your home's siding
  • Trim your grass regularly

Many home sellers choose to hire a professional gardener during the home selling process. Hiring a gardener can help ensure that the yard will be in good condition even if the seller becomes too busy to maintain the yard personally.

Stage Your Property

Staging a home...

The Ultimate Mover's Checklist

How to Handle Your Moving DeadlinesThere's really no way to completely avoid the stress of moving, but it is possible for people who have just purchased a home to lessen the chaos when they have the right plan in place. Making a checklist and sticking to it can be a lifesaver when buyers are in the thick of the chaos of moving to a new home. Buyers can use these tips to bring everything together so they (and their belongings) can get through it all in one piece.

At the Beginning of the Moving Process:

  • Sort through possessions
  • Research mover's quotes
  • Track correspondence
  • Order boxes/tape/bubble wrap

Ideally, these are the things buyers should do as soon as they know they're moving. Waiting to sort through and throw things away can be an overwhelming task when buyers also have to deal with the stress of finalizing real estate transactions, packing, and meeting with agents, lenders, and real estate attorneys. Make sure to keep all moving information (receipts, schedules, etc.) in either a physical or electronic location. When it comes to estimates from moving companies, make sure to get on-site written estimates rather than over-the-phone quotes to ensure that the quote will be honored.

In the Middle of the Moving Process:

  • Double- and triple-check dimensions for easy furniture transport
  • Pack rarely used items away
  • ...

Make the Most of Your Patio: 5 Ways to Create an Outdoor Living Space

Tips for Designing an Outdoor Living SpaceThe most valuable and desirable homes on the market offer buyers more than just beautiful gourmet kitchens with state-of-the-art appliances and bathrooms that are more akin to the spas that are found on resorts. While these indoor amenities are wonderful, many buyers today are looking for luxury properties that also have amazing outdoor living spaces.

Whether a homeowner lives in a quaint, intimate house or a sprawling estate, there are a few easy ways to transform a standard backyard into an exquisite outdoor living area.

Use Canopies to Create Both Shade and Privacy

Whether permanently installed or detachable after the season is over, canopies can transform a standard patio or deck into a private oasis for outdoor living. Canopies increase the comfort of an outdoor area by providing a naturally cool spot to relax in a Dillon Beach home, and they also create an atmosphere that is better for intimate gatherings of family members and friends. It allows people to spend time outside in their backyards, without feeling like they are on display for all of their neighbors at the same time. Canopies also add a stylish design element to any outdoor living space and can offer further opportunities for decorating with lights and other outdoor features.

Invest in Comfortable, Weather-Proof Furniture

Gone are the days when people...

If You're Considering Selling, ACT NOW!!

If You’re Considering Selling, ACT NOW!! | MyKCM

Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

How did we finish 2017?

  1. New-home sales were at their highest level in a decade.
  2. Sales of previously owned homes were at their highest level in more than a decade.
  3. Starts of single-family homes were their strongest in a decade and applications to build such properties advanced to the fastest pace since August 2007.

And Bloomberg Business just reported:

“America’s housing market is gearing up for a robust year ahead. Builders are more optimistic, demand is strong and lean inventory is keeping prices elevated.”

And the National Association of Realtors revealed that buyer traffic is stronger this winter than it was during...

What to Do About Unpermitted Work

How to Handle Unpermitted Work In Your HomeUnpermitted construction can be a problem for a homeowner who wants to sell their home. Knowing what constitutes unpermitted work and what you can do about it can help you get the most from your upcoming home sale.

What is Permitted Work? What is Unpermitted Work?

When your home undergoes a major renovation or repair, a permit needs to be pulled at your local city building agency. Once the permit is pulled, a local inspector will inspect the work to ensure that it is performed to code. Some types of renovations may even require two inspections, one while the project is taking place and one after the work is completed.

Unpermitted work is construction, renovation or repair that is done without a permit. This type of work may not be performed to code and may therefore be unsafe, unsound or simply non-functional.

Why is Unpermitted Work a Problem?

Unpermitted work can put people at personal risk. Poorly completed electrical work, for example, can cause an electrical fire in the home. Improperly installed plumbing can lead to health hazards like sewer backup or mold on the walls. In addition, unpermitted work can make selling a home difficult. Work that is not performed to code is difficult to insure and many mortgage lenders will not lend money to home buyers who wish to purchase a home with unpermitted...

Your Guide to Home Flooring

Home Flooring ExplainedThe key to home flooring is to understand both the functionality and the aesthetics of each space in the home. From the master bedroom to the hallways, the floors are one of the largest surface areas to work with when it comes to the overall vibe of the house. Find out more about the criteria experts use to decide which flooring is appropriate and where it should be used for the best possible outcomes in your Beldevere home.

Living Room

Whether a homeowner calls it a living room, family room, or den, the key for this room is to make it as comfortable as possible (unless planning to turn it into a formal space). One fashionable trend when it comes to these areas is to choose hardwood floors and then augment the space with a colorful area rug. However, carpeting is still the number one choice for homeowners today. Not only is the floor soft and welcoming underfoot, but it's also excellent for those who may be unsteady on their feet. Carpets not only provide more traction, but they can cushion a fall too. It's extremely important that homeowners invest in quality when it comes to carpets, as inferior ones will turn threadbare very quickly.

Kitchen

Tile has been the traditional choice for kitchens everywhere because it's so easy to clean. With all the spills in the kitchen from morning to night, tile is resistant to moisture and stains alike. The material has also come a long way since its original inception. Now there are limitless colors, shapes, and materials to choose from. However, sometimes...

6 Telltale Signs Your Roof Needs Repair or Replacement

5 Signs Your Roof Needs RepairRoofs constantly protect homes from harsh weather like rain, wind, and snow, and unfortunately, they don’t last forever. Many homeowners aren’t sure of what to look for in a damaged roof until it’s too late, so here are 6 different things to keep an eye out for when inspecting your Woodacre roof for damage.

Misshapen Shingles

Shingles are supposed to be flat and straight, this way they can do their job of protecting their home. If the shingles are curled, bent, or ripped, they can allow moisture and wind to get inside the home. Likewise, if shingles are completely because of causes such as strong winds, animals, or age, this will also allow weather to get into the home. Curled and missing shingles are to be expected as the roof ages, so when these become common sights, it’s time to start thinking about replacing the roof.

1. Cracked shingles

Cracked shingles fortunately aren’t as bad a prognosis as misshapen or missing shingles. Cracks can be a sign of cold weather or wind damage, and if just a few shingles are showing damage from cracking, they can easily be replaced. However, if after inspecting the roof the homeowner finds that there’s cracking all over, this is a sign that it should be replaced in the coming years.

2. Neighbors are Replacing Their Roofs

In a neighborhood, the next-door neighbors will typically have homes that are...

7 Advantages of Downsizing Your Home

7 Reasons You Should DownsizeHomeowners may start thinking about downsizing for a variety of reasons. Maybe members of a family have moved out and a big house feels empty or daily household chores have become too time consuming because there’s just too much to take care of. There are many advantages to purchasing a smaller home, and here are 7 of them that all homeowners should know.

1. Smaller Home Means Smaller Bills

Between mortgages and utilities, the larger a home, the larger the subtotal on the monthly bills. Everyone loves saving money, and downsizing can help save several hundred dollars or even more every month on the mortgage alone depending on the new home. Smaller homes also use less energy, so homeowners don’t have to worry about paying unnecessarily high heating bills just to stay warm during cold winter nights.

2. Less Time Spent on Chores

The larger a home, the more care it needs. Dusting, vacuuming, and mowing the lawn are all time consuming chores that take even more time in a large home because there’s so much more to do. While downsizing doesn’t make the chores go away completely, it does make those chores smaller and more manageable so the homeowners have more time for other things like spending...

Should Boomers Buy or Rent after Selling?

hould Boomers Buy or Rent after Selling? | MyKCM

In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home.

“Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased 3 percent...

Meanwhile, more than 5 million baby boomers across the nation are expected to rent their next home by 2020, according to a 2016 analysis from Freddie Mac.”

This makes sense in the short term for many reasons. If you are moving to a different part of town or a new region of the country, you may decide to rent until you pick the perfect home in an area you love. However, is renting a good long-term strategy?

A mortgage payment remains fixed. Rents, however…

The Census Bureau recently released their 2017 third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

...

Tips for Selling Your Vacation Home

Selling a Vacation Home and How it Differs From a Primary ResidenceA vacation home can be a great investment for some people and in certain stages of life. However, it is not always the best option for everyone even if the idea sounds great at the time. For people who have purchased a vacation home but have learned that it is not something they will be able to use as often as they wished or it is too expensive for the benefit, the decision may be to sell it in the market. Selling a vacation home is not always as easy as selling a personal home because it is not a market that everyone is looking to purchase in. These tips can help you sell your vacation home for a good amount and as quickly as possible.

Work With an Agent With Experience in Vacation Homes

Not all agents have the same experience with different types of real estate transactions, so it may not be wise to hire just any agent. Instead, look for one that has experience with these types of property as well as the area. It is important that the agent knows there is a stark difference between selling a vacation home and property when compared to selling almost any other type of property. Choosing someone who has the right experience for the type of home as well as the area it is located in can completely change the experience of a seller. This is not something that should be overlooked in the process.

Sell During the Busy Season

If you know...

What You Need to Know About Selling Papers

How to Get Selling Papers in OrderThe paperwork for a home sale is not nearly as straightforward as a seller might expect. This isn't just because real estate agents need something to do, but because life gets messy and the paperwork ends up reflecting the complexities. Having a good real estate agent is usually the best way to avoid mistakes and delays, but it helps to understand more about the process before putting a home up on the market. This list will give you a general overview of the types of documents a home sale will need, but specific laws vary depending on the state your home is located in.

The Affidavit of Title

Sometimes called the Seller's Affidavit or General Title Affidavit, this document will give the buyer information about the state of ownership of the home. Usually, the affidavit will disclose major problems with the actual home (e.g., mold or insect infestation), as well as any conflicts that might affect the buyer in the future. Liens against the home or outstanding contracts will need to be listed, as well as all known disputes about the property lines of the land (e.g., if a neighbor contests the division of the lawn.) Buyers generally use this as extra insurance if they doubt the authenticity of the home deed in your San Rafael home.

The Home Deed

Seller's transfer control of the property with the help of the deed for the...

What to Know About Going Solar

What to Know About Going SolarSolar energy is being touted as a clean energy solution that can potentially save homeowners considerable money over the panel's lifetime. However, is solar the right choice for every homeowner?

Solar panels have become common in communities in California, New Jersey and Arizona. Learn more about solar energy before making the switch to sustainable energy today.

Solar Panels Provide Clean Energy

Traditional sources of energy create chemical by-products and may produce toxic emissions. Solar energy is a clean source of energy that has gained a following in many first world countries, including Germany and Japan. The United States is not only the only country taking advantage of solar panels for residential and commercial use. Solar energy is used in countries around the world to provide an affordable and sustainable energy source. The use of solar panels decreases a home's carbon footprint by approximately 35,180 pounds of carbon dioxide annually.

Solar Panels Can Benefit Many Different Lifestyles

Solar power can be used not only by homeowners of traditional homes. Homeowners of tiny homes, apartments, RVs and mobile homes can all incorporate solar power to meet energy demands of their home. Those looking to become completely self-reliant, such as those living an off-grid lifestyle, can pair solar panels with batteries to securely store energy produced from a ...

Homeowners: Your House Must Be Sold TWICE

Homeowners: Your House Must Be Sold TWICE | MyKCM

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.

If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank.

Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what a homeowner who is seeking to refinance their home believes their house is worth, and an appraiser’s evaluation of that same home.

Bill Banfield, Executive VP of Capital Markets at Quicken Loans urges anyone looking to buy or sell in today’s market to remember the impact of this challenge:

“Based on the HPPI, it...

Earn Money Back with Energy Efficient Upgrades with High ROI

Earn Money Back with Energy Efficient Upgrades with High ROIGreen improvements can improve the energy efficiency of a home and attract home buyers willing to pay a premium for valuable upgrades. Many new construction homes now include the option of systems serving to improve energy efficiency but owners of older homes can get in on this growing trend seen in homes across America.

Those with a renovation budget can easily allocate funds to make high ROI energy efficient upgrades before the year is out, whether you're in a San Anselmo home or elsewhere. What are the latest suggestions? Learn which energy efficient upgrades should top your home renovation list today.

Take Care of the “Envelope”

Addressing gaps and cracks can reduce heating and cooling costs, as sealing and insulating a home's exterior can reduce the heating and cooling demand of a home. Homeowners can improve the energy efficiency of a current home by:

  • Adding attic insulation to the floor
  • Filling spaces in the attic floor around areas such as recessed light fixtures, pipes, wiring and chimneys
  • Weather stripping doors and windows

This project can reduce energy bills while keeping a home at a comfortable temperature year round. Gaps and leaks can overwork an HVAC system and allow cool or hot air to escape rather than function as...

5 Tips to Sell Your Home Fast

5 Tips To Sell Your Home FastThe longer your home lingers on the market, the more money and time will be spent on maintaining the property. Getting a home in top shape before listing is one way to get more prospective buyers to consider making an offer on a home in the first few months. What should homeowners be doing in order to increase interest and get offers right away?

Implement the following suggestions prior to selling a home to make the most of every day it is on the market.

Boost a Home's Curb Appeal

Different changes may be suggested by a real estate agent in order to make a house more attractive to potential buyers. Agents often recommend planting seasonal flowers, giving the front door a fresh coat of paint and fixing cracks in the driveway or walkway.

When interested buyers see a property for the first time, it sets up their expectations of what the rest of the home will be like. Make needed repairs, give siding and decks a good power washing and remove any debris or unhealthy shrubs or plants. Some owners may also need to sod a yard if the grass is discolored, as this may be an indicator of a pest problem. A seller wants their home to look well-maintained and move-in ready.

Declutter and Clean

In order to make a home feel ready for a new occupant, make it as inviting as possible. A thorough deep-cleaning and the removal of extra furniture and knickknacks is generally suggested. Removing heavy furniture, family photos and religious items can help...

Why Sell Now Instead of Later? The Buyers are Out Now

Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s market. However, recently released data suggests that a seller’s best deal may be available right now. The concept of ‘supply & demand’ reveals that the best price for an item will be realized when the supply of that item is low and the demand for that item is high. Let’s see how this applies to the current residential real estate market.

SUPPLY

It is no secret that the supply of homes for sale has been far below the number needed for over a year. A normal market requires six months of housing inventory to meet the demand. The latest report from the National Association of Realtors (NAR) revealed that there is currently only a 4.2-month supply.

Supply is currently very low!!

DEMAND

A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report (which sheds light on the number of buyers out looking at homes) disclosed that there are more buyers right now than at any other time in the last twelve months. This includes more buyers looking at homes right now than at any time during...