Should I stage my home? This may be one of the most frequently asked questions when a person is putting their house on the market. This question is often followed by, How? There are many things to consider and we’re here to help! Check out some tips below to get your home staged to sell.
1. Clean and Repair
Starting with the most obvious first, you want to make sure your home is sparkly clean with nothing damaged. Put your home’s best foot forward with a good cleaning. If your home is large or you don’t have enough time, you could always hire a pro. Also, be sure the outside of the home is cleaned in both the back and front yards. When a home is clean, it suggests to the potential buyer that the previous tenants took care of the home and property. Alongside cleaning, you should also patch and repair anything that could be a sign of neglect. Use a melamine foam eraser pad to remove any scuffs from the walls. If there are any holes in the walls, be sure to spackle, caulk and paint that area. Additionally, apply paint to any areas where it seems to have chipped. And once again, this goes for the yard too. The overall goal of this step is to make the home look well taken care of.
2. De-Clutter and De-Personalize
When it comes to clutter, the less you have, the larger your space looks… and space sells! You may need to find a spot to temporarily store your belongings. Do not store them in your garage or closets because often times those get looked in. Alongside de-cluttering is to de-personalize. Remove pictures, personal knickknacks and anything that could identify the space as yours. It may be difficult to remove all the things that make your home feel like you, but it’ll be worth it.
3. Work On Curb Appeal
First impressions are everything. Often times potential home buyers will drive by the property first to make sure it’s worth their time. Make sure it’ll lure them in and make them feel like they could be walking into their home. Blooming flowers are always a nice way to add a bit of color and flare to the front of your home. Be sure everything is clean: siding, sidewalks, windows, and porch. Keep your lawn watered, mowed and overall put together. Your porch should have a clean doormat and neat porch furniture if there’s room. Be sure your number is easily readable and even keep your lights on during the evening in case there are drive by’s at night.
4. Brighten Things Up
Use the natural light to your advantage. Pull back curtains or open blinds, this will make the rooms feel bigger. Turn on all the lights, even during the day. This will help make your home look more inviting and save perspective buyers from fumbling around trying to find the switch. Also be sure your light fixtures are clean and appealing, even dusting your light bulb if needed. There are also different color temperatures on light bulbs, you could play with your options to find the one that works the best.
5. Rearrange Furniture
First, remove any damaged or large pieces of furniture or anything that doesn’t match the rest of your decor. With what you have left, decide if there’s still too many pieces or if you need more. You can always rent furniture if the home is too empty. Once your furniture is picked, you want to arrange it in a way that allows for plenty of open and walkable space. Additionally, there is a design technique called “floating” which positions your couches, chairs, and tables away from your walls. Add an area rug to make it feel more cozy, even if the room is carpeted.
6. Be Neutral
Bright colored walls can be a major turn off for buyers. Although it expresses individuality, it signifies the home’s past, not future. Not to mention, bold colors distract from a rooms assets and can be all somebody sees. When picking the new paint for the wall, you do not have to go straight white. There are plenty of sophisticated neutral colors to choose from and they will help make everything look cleaner and put together. Additionally, when decorating the master bedroom specifically, remain neutral. You want to appeal to all types of people, including single or married.
7. Use Every Space
If you have a room that is used as storage or junk dumping area, clean it up. Each room should have a clearly defined purpose. Identify what a buyer could see, maybe it’s an office, a spare bedroom, or a kids room and decorate accordingly. This goes for any awkward areas too. Whether that’s a small nook or space under the stairs, decorate it in a way that can show off the potential. You could set up a small workstation, put up a bulletin board or build some shelves. Even if this means you need to rent or borrow additional furniture to make this happen.
Staging a home requires much time, effort and often times, money. It may not seem like it would be worth it. But let us assure you, it is! According the the National Association of Realtors, in March of 2019, 83% of buyers said that a staged home made it easier for them to visualize the property as a future home. 1/4 of the buyer’s agents said that staging a home increased the dollar value offered between 1%-5% compared to homes that weren’t staged. Often times, staging a home will provide you with the result you’re looking for.
Is this a good time to sell?
Here is your housing snapshot for January 2017 showing an increase of 10% in median home prices and time on market down 5% in Kootenai County. If you are a seller who is on the fence about putting your home on the market, this snapshot is a good indication that this might be a very good time for you to sell your home.
A market offering higher median home prices, shorter closing time frames and less inventory will give sellers who decide to list now have some real advantages especially this time of year.
Listing your home before the masses who wait for better weather in April and May can give you the edge for success. Low inventory combined with a large number of qualified buyers creates competition for your listing. Many buyers have already lost out on another home and these buyers are ready to pounce once your listing hits the MLS. Homes that are show ready and priced right are garnering multiple offers at full price and often offers over full price!
If you would like to be kept up to date on the market or know more about selling your home or the value of your home, contact us and we will be happy to provide you with a customized market analysis.
John and Tracey Your Professional Agents 208-818-2365 John firstname.lastname@example.org 208-818-2456 Tracey email@example.com Website www.johnandtracey.com
Summertime in North Idaho and our market remains Healthy!
Have any questions about buying or selling? Wondering if its the right time for you? Contact us and lets discuss it and let us provide you all the information you need to make an informed decision to move forward or to wait. We are here to help!
Your Professional Agents
208-818-2365 John firstname.lastname@example.org
208-818-2456 Tracey email@example.com
We are super excited to announce the launch of our YouTube Channel!
Keeping it Real…Estate with John and Tracey will be your site to learn more about the real estate industry, beautiful North Idaho and experience a "real" tour through a variety of homes.
We will cover topics for the first time home buyer, investors, those who want to build, lending questions, what to look for in an agent and more. Stay tuned!
We will have a mix of serious business and fun while always keeping it 100% real. Se sure and subscribe to stay up to date. Ask us a question on line and we will try to answer it in one of our future videos!
John and Tracey
Your Professional Agents
208-818-2365 John firstname.lastname@example.org
208-818-2456 Tracey email@example.com
Election season is here. Will this next election have an impact on our real estate market? Here is what Windermere’s Chief Economist, Matthew Gardner, has to say about this subject.
Here in North Idaho we are enjoying a very healthy real estate market and we all want to see this continue. I know we all have our candidate and beliefs about who should be in office and what they can accomplish – I am no different. I do believe once we have a new president elect in office and things settle in, we will be back on track, no matter who is elected… my candiate or yours 🙂
New Home Sales Surge Past Post Recession High!
Sales of new single-family homes climbed 16.6 percent in April, reaching the highest sales pace since January 2008, the Commerce Department reported this week. Newly built, single-family homes rose to a seasonally adjusted annual rate of 619,000 units in April. Read more…
North Idaho's market is healthy with residential sales at a 12% increase over April. **
Housing Market Index : National Association of Home Builders
**Source: Pioneer Title
Ever wonder why our inventory is so low?
Here is an explaination from Matthew Gardner, Chief Economist for Windermere Real Estate.
Here in Kootenai County we have an inventory shortage, however, our market is fairing better than many other states across the US. Most all segments of our market are performing well and most homeowners who bought at the top of the market are now in an equity position.
If you are on the fence about selling, now is a great time! Abunance of buyers, low rates, inventory shortage; all increase your odds of selling!
Let the shredding begin! Join us this Thursday the 19th at our Windermere Post Falls Office from 11-2. Bring old papers and documents and we will shred them all! Hot dogs and beverages provided. We will see you there … Located at 1616 E Seltice Way, Post Falls Idaho.
5 Mortgage Myths Many Buyers or 1st Time Buyers Have
Borrowers still have a lot of confusion when it comes to mortgages; from closing costs to minimum down payment requirements and questions over credit scores. Some mortgage myths are even preventing some would-be home buyers from entering the market too.
Read more: Buyers Overestimate Mortgage Requirements
The National Mortgage News recently highlighted some of the following mortgage myths that still seem to perplex borrowers, including:
1. Closing costs: New mortgage rules that took effect last fall, TILA-RESPA, are providing borrowers with a clearer picture of mortgage closing costs prior to settlement. However, those expenses can still come as a shock to your clients. They may be surprised to see the costs of closing on a home loan when they receive their Loan Estimate disclosure upfront.
2. Who can cover closing costs: Borrowers may believe that they are the only ones who can pay their closing costs. However, closing costs also can be offered as a seller concession.
3. The credit-less: Consumers who don’t have credit cards may think their lack of debt history will be a positive when applying for a mortgage. However, lenders are looking for how well consumers manage their debt and a lack of history could be problematic in qualifying a borrower.
4. Minimum requirements for qualifying: Home buyers may be under the impression that their credit needs to be a lot more stellar to qualify for a mortgage than it actually needs to be. To qualify for a Fannie Mae-backed loan, borrowers only need a 3 percent down payment and a minimum FICO score of 620.
5. Eligible tax breaks: Mortgage interest deductions are not limited to just primary residences. In some situations, second-home loans and home equity loans of credit may also be eligible.
Source: “7 Mortgage Myths That Still Befuddle Borrowers,” National Mortgage News (May 2016)
Source: Realtor Magazine
Wondering about our market? Its HEALTHY!
Home prices are on the rise across Kootenai County with a median price increase of 6%. From the time the home hits the market until its closed has decreased due to the abundance of buyers out there looking for homes with not much available (low inventory).
Been sitting on the fence about selling your home or know someone that has talked about it? Now would be an excellent time to talk about the benefits of selling now.
We can help. Happy to put together a complimentary market analysis for your home or your friends home and not only help you arrive at a value but show you the odds of selling.
Our smooth sale program and certified home offering help sellers close more quickly and for more.
Call or email us and let us help you!
How to contact John and Tracey
John Tindall: 208-818-2456 firstname.lastname@example.org
Tracey Tindall: 208-818-2365 email@example.com
Click here to learn: More about us!