MY HOUSE IS LISTED BUT I HAVE TO MOVE. SHOULD I LEAVE A VACANT HOUSE?

MY HOUSE IS LISTED BUT I HAVE TO MOVE. SHOULD I LEAVE A VACANT HOUSE?

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Answer –  Not if you can avoid it. It’s just a lot harder to sell an empty house (here’s an article that tells you why). I know that it’s a real hassle, in addition to an extra expense to have two places, but if you can leave the house that we’re trying to sell here furnished it makes it easier to sell. It sounds cruel, but you are better off to rent an apartment in your new location and live by yourself; while your family stays behind until the place sells.

If you’ve already bought a new place in the new town, move all of that clutter junk out of the storage place into your new house – you’ll feel right at home and the clutter will still be out of the house that we’re trying to sell. Move any excess furniture to the new home, but leave the old place furnished if at all possible. You may click here if you need to rent a dumpster when moving out.

Buyers have difficulty “seeing” how the house would look with furniture. Even if they don’t like your stuff at least it helps them envision how the space is used. If you absolutely can’t avoid moving your stuff out, so be it. Try to leave at least a table and a few chairs so that your agent has someplace to sit with a buyer to discuss things and somewhere to sit if he/she holds and open house, of course you can also need to learn about maintenance for a house like the signs that your water heater is going out and how to keep everything in good condition. If you do vacate the house, use that opportunity of it being empty to get the carpets and floors cleaned and maybe getting some painting done as suggested by the top companies like residential painting for your painting needs and many more. An empty house really shows all the wear and tear spots and with nothing else to attract the eye, any dirt or scratches or picture nail holes or other defects stand out.

An empty house makes an inviting target for vandals and thieves. Copper thieves in particular like to find vacant houses that they can strip. Even if your house is in what you would consider to be a “busy neighborhood”, thieves are bold enough to go in, even in broad daylight. No one ever said that they were smart, just brazen. Nothing says “rob me” quite like a vacant home with a real estate sign out front. Even if they don’t succeed in breaking in, copper thieves have been known to just hack off air conditioner condenser units and haul them away for the copper tubing that’s in most of them.

Oh, and here’s one more thing to make your day, if you are in a foreclosure or short sale situation. The Homeowners Association (HOA) may place a lien on the property for unpaid HOA fees, if you have decided to stop paying that, too. That’s just one more thing to have to worry about. Even if you’re not involved in a distressed sale, the HOA can also get involved if you have not contracted for lawn care when you moved out. If the HOA determines that your lawn is in violation of the HOA By-Laws, they may hire someone to cut your lawn and charge you for that, too. If you don’t pay that bill; oh well, there’s another lien on the house.

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

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CLEVER REMODELING IDEAS FOR YOUR BATHROOM

Rustic bathroom remodeling décor ideas can instantly uplift your bathroom interiors. Bring an outdoors inspired, rough hewn theme design to give your bathroom a relaxed and invigorating appearance. Have a systematic use of brown and cream colors to create a contrast, introducing spaciousness to your interiors. For instance, have brown flooring, cream colored sinks with a complementing bath tub.
Black and White
The ultimate contrast works on smaller and larger bathrooms as well. So, take the classic monotone to add sophistication. Have deep black walls that are contrasted by soft yellow color. Crisp white furnishings can be a great way of adding classiness to your bathroom décor. Make sure that you keep Mirrored Shelves and a large mirror with light overhead to add space to your interiors.
Flat Bowl Sink
Don’t have enough space or money to invest in larger, designer sinks? Well, you don’t have to worry. Try flat bowl sinks for bathroom remodeling. They will introduce modernity, sleekness and spaciousness to your interiors. Plus, installing a vanity above them is easy. Have a countertop to keep dispenser, candles or an embellishment like artificial flowers.  For a more contemporary look, have vessel sinks. They are cheaper than your regular porcelain. Vessel sinks should ideally be freestanding.Tiling the Bathroom
Don’t just stop at the walls. Think beyond them and use tiling on the ceiling as well. Ceramic tiles can look beautiful. But make sure you use neutral colors. Have floating vanity as well. If you plan on utilizing some extra space for bathroom remodeling, then think differently and opt for an outdoor shower with a glass shower door. Get your shower door  from Glass Shower Direct, number one glass shower door supplier. Use stone walls and have a remodeling company design it in a manner that it can be accessed through the master bedroom. And if you wish to accentuate the theme, have the outdoor area hidden from view. Keep a small sink with a countertop to keep a plush bath sheet, soap and shower gel. Accessorize with teak colored mat.
Mirrors to Modernize
Adding bathtubs can make your bathroom look cluttered. But by interplaying mirrors, you can add class to your interiors. Have a mirrored division between your bathroom and your bathtub. Install a larger, oval shaped mirror above the sink. These two mirrors will bounce lights, giving a spacious look to spruce up your bathroom interiors. Either use colors such as white, light green or blue in the bathroom or opt for intermix of steel and grey tones. These color palettes are modern, stylish and tend to provide an evergreen, thematic look to your bathroom interiors.
Try these ideas and ask bathroom remodeling services to employ holistic approach while remodeling your bathroom.
Rustic Bathroom Décor Ideas

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

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HOW DO I GET MY HOUSE READY TO LIST?

 

HOW DO I GET MY HOUSE READY TO LIST?

 

GET RID OF CLUTTER!The biggest thing that I see, both as a listing agent and when showing houses to a potential buyer, is unbelievable clutter in many houses. Junk everywhere. Clothes everywhere. Dishes and food lying around everywhere! Too much furniture in every room. Get rid of it! It is hard for most buyers to look beyond the clutter to see the underlying house for what it might be. Your stuff, no matter how much it might mean to you is just getting in the way. Get organized to attack this problem.

If you don’t have enough room to neatly store stuff away, consider renting at a local storage facility (size depends on how much clutter you have). Box everything up that you don’t need to have right at hand up and move some of your stuff out. Even consider moving some furniture out, if you have rooms that are too full of furniture. Your precious collection of Beanie Babies all over the bedroom just looks like clutter to someone else. Get them out! Even your knick knacks and hobby stuff may just look like clutter to someone else. Store them off site.. If you don’t want to store it, have a garage sale and get rid of your excess stuff.Read this article on getting rid of clutter before you even attempt to spiff the place up a bit for listing.

Clean the place up. Beyond clutter there is just common cleanliness. If your place smells bad or is excessively dirty, it’s a turn off that will sink the chances of anyone wanting to buy it or will cause them to low-ball the house, since they see a big clean up ahead. This is particularly true of anything that smells of mold or rot. Clean it up. Disinfect and get the smells out! Pay to have the carpets cleaned, so that the buyers won’t automatically be subtracting for replacing the carpets. Cobwebs, spider webs, dust bunnies, dirt tracked floors and other obvious signs of un-cleanliness are red flags to potential buyers that there may be other issues caused by the same slovenly behavior. If you have to, hire a cleaning crew to come in and give the place a good deep cleaning. Here’s a link to a house cleaning guide that can be downloaded. It was put together by professional house cleaners.

Paint or touch up the paint. A $20-30 can of paint could add thousands to the perceived  “value” of a house. I see many houses where the walls are nicked or marked, due to normal wear and tear and the owners have done nothing to make them look better. How cheap can you be? Repair the walls and paint them if they look bad. If you have walls with tons of pictures hanging (especially family pictures); take them down and repair the holes in the wall and put on a fresh coat of paint. Kids’ rooms, especially teenager’s rooms are usually riddled with holes or places where tape has pulled off the paint. Buyers hate to think of having that kind of project right away after moving in and they don’t care about your pictures.

Many kids’ rooms have also been painted in colors that only a kid cold love. Dark purple or black rooms may appeal to a moody teen, but they are a turn off to would-be buyers. The cute clouds with stars on the ceiling of your little Princess’ room also need to be painted over, as well as the mural of the Unicorn on the wall.  Good clean, repaired and painted walls are inviting to buyers and they can envision putting their tons of pictures up. If they want to have clouds and stars for their little Princess, they’ll put them up later.

Get on the “deferred maintenance” items. That’s a polite way of saying to do all of those little things that you’ve been meaning to get to or which you’ve just learned to live with; but, that need fixing. Put plug and switch covers on those open wiring boxes or replace the ones that broke. Replace that piece of shoe molding that the dog or cat crewed or clawed up or that door molding that got roughed up when you were moving something in or out. Replace those light bulbs that burned out and you never got around to replacing. Put up a new curtain rod to replace the one that pulled out of the wall when the cat got snagged on the curtain. Replace or fix that dripping faucet in the laundry room or in the bathroom. If you need help identifying these little projects, ask your Realtor to walk through the house and make recommendations. You know that those little maintenance jobs are there, but maybe you’ve been in denial so long that you just can’t see them anymore.

Be an informed seller. Get a professional home inspection done. Here is link to aHome Inspection Checklist that you can use yourself to do an “inspection” of your home. It is not meant to substitute for a professional job, just to get you thinking about all of the areas of your home that an inspector will be looking at later. You can make these visual inspections without having to get into the depth that the inspector will, but they will tell you a lot about your home and what may need attention. A good home inspection will cost $300-500 depending upon the size of the house, but it is well worth it to avoid show stopping discoveries later. Once you have a buyer in hand you do not want them finding something during their home inspection that will cause them to walk away. Many times this inspection will uncover something that is also bad for your family’s health and must be fixed anyway. It’s better to find out now.

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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7 BUYER TIPS FOR NEGOTIATING A HOME PURCHASE

7 BUYER TIPS FOR NEGOTIATING A HOME PURCHASE

Finding your dream home is hard enough and once you’ve found it, the process in a lot of ways has just begun. That’s right, you’ve got an offer to make and hours of negotiating before you sign the final paperwork and have the keys to your new home in hand. We’ve already discussed what to expect when negotiating a home purchase, but what happens once you’re in the middle of it all?

John Wenner, co-founder and professional trainer at the Real Estate Negotiation Institute says, “Negotiation is the key skill necessary to help achieve your goals. That’s why buyers should team up with an experienced agent with a negotiation plan in order to get what you want out of a home purchase.”

 

1. KNOW MARKET TRENDS.

Your negotiating power as a buyer varies greatly depending on the market you’re in.  Supply and demand is key as well as comparables in the neighborhood you’re interested in. If there are tons of homes for sale in the neighborhood, then the seller will be more willing to negotiate price with you because you could easily choose to buy another home nearby.

If homes for sale in the neighborhood are scarce however, then the seller has more negotiating power because he knows you’re interested and only have few choices. Comparables are also important because they allow you to set a reasonable range for negotiating. Check out the Market Trends tool on the First Team site to see some specifics and start learning.

2. LISTEN!

According to Wenner listening carefully is critical to the negotiating process.  When you listen to the other side, you are able to truly understand them and their wants. Once you understand your seller, then you can effectively begin negotiations with them with a strategic plan in place to get what you want.

3. IF THERE ARE MULTIPLE OFFERS TAKE A COMPETITION STANDPOINT, NOT A NEGOTIATING STRATEGY.

This goes along with knowing the market. Many transactions today are multiple offers because of the seller’s market we have been experiencing for the past few years. If you’re in competition with other buyers, it’s important to put an offer on a house that is competitive with other buyers. Once the seller chooses your offer, THEN you can start negotiating things like closing costs, repairs and buyer credits.

4. WHEN YOU OFFER SOMETHING, ALWAYS ASK FOR SOMETHING IN RETURN.

Negotiations require give and take so you need to “give when getting”. For example when you give on price, secure yourself credits for repairs or negotiate for the washer and dryer.  Wenner says, “To influence others, you should always be in a face to face setting and consider giving first so you can position the other side”. By coming to the table first with something to give, you’re more likely to get in turn what you want because you’re setting the terms.

5. AVOID EXTREMELY LOW OFFERS.

While there is obviously room to negotiate price, it is important that you understand your ZOPA and be realistic. Let me explain – your ZOPA in a negotiation is the zone of possible agreement. This zone is the intellectual space where two party’s expectations meet and overlap in which an agreement can be made.

As a buyer, you may think giving a lowball price is a great strategy to getting the price you want eventually. However, if your lowball price is outside of the seller’s zone of possible agreement, you could offend them and they’ll never even enter into negotiations with you. Anticipating a seller’s ZOPA is crucial to deciding on the right price for your offer. Knowing what’s too low and too high comes from knowing market trends (see #1).

6. KEEP EMOTIONS AT BAY.

No doubt about it, buying a home is an emotional process. However, an emotional negotiator is not effective. That’s why it’s best to let your agent do the negotiating for you; in fact it’s why you hired them. Letting your emotions drive negotiating and showing all of your cards makes you vulnerable and could lead to sellers taking advantage.

7. UNDERSTAND THE SELLER’S MOTIVATION.

Not only do you need to understand the seller’s ZOPA, you also want to understand their needs, wants and situation. The initial sale price on the home is just the tip of the iceberg in understanding them; you need to understand what is motivating them to sell. Are they looking to sell because they are going through a divorce? Are they retiring to a smaller home? Are they in a rush to move out because they’re relocating for work?

Knowing the seller’s motivation is the key to engaging them in negotiations and getting what you want. According to Wenner, “The only way to negotiate a win-win sale with a seller is to understand the goals of the other side and match them with your own.”

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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HOMEOWNERS: SHOULD I STAY OR SHOULD I GO?

HOMEOWNERS: SHOULD I STAY OR SHOULD I GO?

Should I stay or should I go. Its not just an anthemic line to a classic song from The Clash. It’s also an age-old question of homeowners everywhere. When your home’s not so perfect, you get the wandering real estate eye. But can another house really compare to what you’ve got going on?

It’s a conundrum. So much so that it’s even spawned a popular show on HGTV called Love It or List It, where owners of a problem pad fight over whether to remain in their home (with the help of a sizable budget and a skilled reno team) or move to something else.

“Families evolve, whether through the birth of children, the acquiring of possessions, or an increase in job rewards. That charming little cottage two lovebirds started out in often becomes an overstuffed matchbox with too few bedrooms and too many toys, tools, and tricycles, with people stumbling over one another in the course of daily life,” said Money Crashers. “Privacy is nonexistent, noise and tensions regularly escalate, and stress is a frequent guest at the dinner table. The only solution is more room.”

So how do you know whether to renovate or move?

CNN Money asked the same question, and has come up with “5 smart fixes” to the stay or go question.

“Happy with where you live but not so hot on your living space? Now might be the perfect time to address your abode’s architectural flaws,” they said. “With real estate prices on the rise, it’s safer than it has been in years to invest in your home.”

Especially when “remodeling away your house’s shortcomings can cost tens of thousands less than trading up to an already remodeled house, which commands a major premium now. In addition, you avoid realtor fees, moving costs, and the inevitable expense of making a new place your own, no matter how ‘turnkey’ it is.”

Here are a few of their “cost-effective solutions to the issues that most commonly force people to move.”

1. Doubling the space in your kitchen

If your home was built before the 1980s, chances are your kitchen is small and closed off from the rest of the home. Removing a wall between the kitchen and dining room or kitchen and family room is an easy and affordable way to create “a feeling of spaciousness — and also clears room for an island or peninsula that can become a key workstation or a place for family and guests to congregate,” said CNN Money.

Expect to pay a minimum of $5,000 “to remove the wall and refinish the surrounding floor, ceiling, and walls,” and more if you need to add a structural beam or relocate any plumbing.

2. Adding a powder bath on the first floor

Older homes that don’t have a bathroom on the main level are not just difficult to sell — they’re difficult to live in. CNN Money says you can solve this issue by renovating existing space. “You can squeeze a powder room into a space as small as four feet by four feet or even three feet by five feet,” they said. “One option is to repurpose a large coat closet, pantry, or under-stairs cubby. Keep in mind that the closer you put the bathroom to existing plumbing, the less it will cost.”

Expect to pay a minimum of $10,000 if you use what you have and up to $25,000 if you’re building a room from scratch.

3. Turning the master bedroom into a master suite

If your master bedroom is adjacent to another room, you can take over the space. “A lot of people do this when the kids go off to college,” said CNN Money.

Remember that lowering the number of bedrooms in your home can also lower your home value, so consider the equation carefully. “You always want to keep your bedroom count on par with the neighborhood,” they said. “So, in a four-bedroom house area, dropping to three may not be a good idea. But in a predominantly two-bedroom neighborhood, you’d still be way ahead of the Joneses.”

Master Suite

Expect the cost to range from $40,000 to $80,000, depending on if you are adding a master bath and exactly how spa-like you intend for it to be.

4. Converting the attic

If you’re short of bedrooms, you’ve probably thought of adding on. But home additions can be very costly. A great solution can be moving into the attic.

“For growing families, the number of bedrooms is often the biggest factor motivating a move to a bigger and more costly home,” said CNN Money. “The ideal place to add bedrooms is the square footage you already own up in the attic.”

Expect to pay $20,000 and up depending on the space allotted and whether or not you need to add windows or a staircase.

Houzz has some great questions to ask yourself if you are trying to decide between moving or remodeling:

  1. “How do you feel about your neighborhood?
  2. Is there some intangible quality to your house?
  3. Does renovating make economic sense?
  4. Does the existing house have good bones?
  5. How will the latest zoning restrictions affect the project?

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

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Valentine’s Day Events in Colorado

Valentine’s Day Events in Colorado

 

Hearts of all Ages 2014

Hearts of all Ages 2014

Friday, Feb 14 5:30p

This Valentine’s Day, get ready to join the University of Colorado Hospital Foundation under the big top for the Hearts of All Ages 2014 carnival! The whole family gets to enjoy the high-flying fun…

Valentine's Day Heartbeats with Ed Battle, Terri-Jo and Jeff Jenkins

Valentine’s Day Heartbeats with Ed Battle, Terri-Jo and Jeff Jenkins

Friday, Feb 14 7:00p
Dazzle Jazz, Denver

Featuring: terri-jo – vocals ed battle – vocals brad goode – trumpet jeff jenkins – piano mark simon – bass paul romaine – drums Join us for a Valentine’s day full of music for lovers! Ed Battle …

Denver's Biggest Date Night

Denver’s Biggest Date Night

Friday, Feb 14 6:00p

A Valentine’s Day Party at Boettcher Concert Hall Colorado Symphony’s Love & Lust concert is the perfect way to celebrate the sweetest day of the year…

Hay House Angel Card Reader Course in Denver, CO on March 28, 2014

Friday, Mar 28 10:00a

Become a Certified Angel Card Reader ™ In this entertaining and enlightening one-day seminar, Doreen Virtue (the best-selling author of 24 oracle card decks) will guide you through the symbology a…

Improv Comedy Night: Monkey Butler’s February Show

Saturday, Feb 8 7:00p

Celebrate Valentine’s Day early by enjoying Monkey Butler’s monthly improv show! The Denver Post named Monkey Butler the “Best Comedy Value” in Colorado in 2013…

Nature For Kids & Parents: Colorado’s Sweethearts

Sunday, Feb 9 1:00p

In the coldest part of winter, the courtship begins. By Valentine’s Day she will likely be sitting on a nest of round white eggs, as the cold wind blows around her…

Zakat Interfaith Boutique

Saturday, Feb 8 9:00a

Just in time for Valentine’s Day, a heartfelt sale of new, used, antique and estate jewelry priced to move…

CU Museum of Natural History – In-Service Day Workshop for K-5th grade: Prehistoric Water Worlds

Friday, Feb 14 9:00a

Colorado used to be an inland sea full of weird and wonderful creatures…

My Big Date Night

Friday, Feb 14 4:00p

Celebrate Valentine’s Day in the Sweetheart City: LOVELAND, CO HeidiTown, My Big Day Events & NoCo Short Bus Tours present “My Big Date Night!” Stay and Play in Loveland — These All-Inclusive Pac…

23rd Annual  Mountaintop Matrimony

23rd Annual Mountaintop Matrimony

Friday, Feb 14 12:00p
Loveland Ski Area, Georgetown

Marry Me & Ski Free Valentine’s Day – February 14th 2014 Thank you for your interest in Loveland Ski Area’s 23rd Annual Marry Me & Ski For Free Mountaintop Matrimony…

Viennese Voyage

Viennese Voyage

Friday, Feb 14 7:30p

Come join the Greeley Philharmonic Orchestra and the University of Northern Colorado Opera Theatre department as we collaborate to perform Strauss’ “Die Fledermaus…

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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SEVEN THINGS SELLERS SHOULD DO BEFORE PLACING THEIR HOME ON THE MARKET

SEVEN THINGS SELLERS SHOULD DO BEFORE PLACING THEIR HOME ON THE MARKET

As the Spring time approaches, many homeowners who need or want to sell will make the decision to place their home on themarket for sale, since Spring is considered the best time of the year for home sales.  However, prior to making that decision to place your home on the market, there are at least 7 crucial things that the Seller should do before putting up that ‘For Sale’ sign:

1.       Do All Needed Repairs: 

You would be surprised to know the number of sellers who put their homes on the market without doing the repairs needed.  I guess they think the buyer won’t notice the dripping faucet in the bathroom or the dry-rotted weather stripping on the front door.  Guest what? The buyer notices everything! And if they see that you haven’t done minor maintenance on the home, they will assume that you haven’t done any maintenance on major items like getting air conditioning repair over the 15 years you’ve been in the home. For this, you can contact experts that do AC installation in Decatur, GA. If you are fortunate to receive an offer from a potential buyer, EVERYTHING will be revealed during the home inspection and it will only affect your bottom line in the end or lead to the buyer terminating the offer. It is in your best interest to do the repairs prior to listing your home.

2.      Remove any Traces of Wallpaper:

Most buyers absolutely hate wallpaper.  Let me repeat that again.  Most Buyers “absolutely” hate wallpaper!  If you have wallpaper in your home, it is best to remove it prior to listing your home.  Not only is wallpaper personal to your taste, it is also dated and makes the house appear older than it is.  When buyers see wallpaper, they immediately walk-out in most cases because it is hard for them to imagine their furniture in the home with someone else’s décor.  It is best to remove it and paint your walls a neutral color so that buyers can easily envision their furniture working in any of the rooms.
3.      Clean Your Home Thoroughly (Interior and Exterior).

Maybe it’s a mild case of OCD that I have but I usually keep cleaning wipes in my car so that I can wipe my hands when necessary after a showing.  You would not believe the condition some people leave their homes in when it is on the market.  I once showed a home that still had dog poop and poop stains on the carpet—and it was NOT a foreclosure. I get it that some people still live in their home while it is on the market but when you’re selling your home, you have got to keep it clean!  Kitchens and bathrooms sell homes, so they especially need to be thoroughly cleaned. Ceiling fans should be dusted as well as light fixtures.  One thing that some people tend to forget about are wall plates and light switches that are used frequently.  Sellers tend to forget about these and they are often dirty from constant use.  Have your home thoroughly cleaned to include windows, wiping down doors and door knobs and cabinets.  Also clean the yard for better curb appeal and pressure-wash the exterior if needed.

4.      De-Clutter, De-Personalize, and Organize Everything:

Buyers like open spaces and are willing to pay for it.  If you have too much furniture, it is best to either get rid of some or rent a storage facility to store it in while your home is on the market.  I also advise my sellers to de-personalize the home by removing any personal photos and tchotchkes, and also making it gender-neutral by re-painting colors that would lean towards one particular gender (i.e. pink bedrooms) to a more neutral color. Since you’re going to be moving anyway, it is best to pack these personal items away and put in storage to use in your new home.  Organize all your closets, cabinets, and garage if you have one.  If you have small closets, take out the clothes that you don’t wear very often to create the appearance of spaciousness.

5.      Look at Your Home More Objectively Through the Eyes of a Buyer
Once you’ve done all the things mentioned above, look at your home objectively like a potential buyer would and ask yourself.  “If I was a buyer, would I purchase this home?”  If the answer is yes, then you have succeeded in getting your home prepared for the market.  If you have difficulty looking at your home objectively, have a friend or someone you trust walk through and give you honest and constructive feedback.

6.      Be Realistic about the Listing Price You Set for Your Home 

Homes sell for market value—period.  You don’t determine the price of your home—the Market Does.  With the onset of technology and so much information available online, most buyers are very savvy and perform their research in advance. They are not going to pay more for your home that what it is worth.  And if they are represented by a good Buyer’s agent (like myself) I will not let my Buyers pay more than what it is worth.  It doesn’t matter if you need to get a certain amount out of the sale in order to purchase your new home.  Your home is only going to sell for what similar homes like yours are selling for at the current time.

7.      Choose a Professional Real Estate Expert to Sell Your Home

The final step is to choose a local, experienced, real estate expert who specializes in marketing and selling homes. You will want to interview the agent and ask several questions pertaining to how they will market your home prior to making a decision to list with them.  Your agent should also do a comprehensive market analysis (CMA) to determine what your home could possibly sell for in the current market. Once you have selected an agent, follow the professional advice of that agent throughout the listing period. If you would like a detailed list of questions you should ask your agent prior to listing your home, email me at john@boulderhomes4u.com

Boulder listings

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

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BROKE AND BUYING: FINANCIAL OPTIONS FOR BUYERS WITH MONEY PROBLEMS

BROKE AND BUYING: FINANCIAL OPTIONS FOR BUYERS WITH MONEY PROBLEMS

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For some, timing can be one of the biggest obstacles in making responsible financial decisions. No market holds this rule more firmly than real estate. Often, the ideal time for purchasing a new home and striking out on our own, whether alone or with a family in tow, can happen at a time in which one’s finances are in a less-than-ideal order. This causes many upstart families to settle for housing in low-rent apartments or in sketchier neighborhoods which quickly fall below their standards of living once they achieve financial footing. Being stuck with a lease in such a living environment can be a dismal situation.

 

Financing a home on a tight budget can be an enormous challenge, but a savvy buyer can find ways to make ends meet even if they aren’t exactly equipped to handle the financial burden from the start. Here are just a few options to consider when financing real estate when your cash flow isn’t yet ready for it.

Qualifying low interest loans

Depending on your individual circumstances, you might find that you are eligible for financing options that most buyers aren’t able to access. Holding a veteran status, or being a dependent of a veteran, can leave extremely low interest options available to you. With virtually no ceiling on how much you can borrow to finance your home, this can be the very best option for veterans.

However, even non-veterans can enjoy exceptional, special low-interest loans depending on where they search. Many homeowners in densely populated Native American centers have enjoyed the benefits of HUD 184. This program was designed by the government in 1992 to provide Native Americans opportunities since mortgage lending has been scarce in tribal regions. In addition to being one of the best financial options in these areas, it also helps keep tribal property within tribes in the event of a foreclosure.

It’s always worth doing your research to see if you’re in a position to qualify for special financing options before seeking out general options. Since most of these special options involve government support, loaners are often more available to provide more generous terms. However, if you don’t qualify for these programs, there are loan options available to just about anyone that might be preferable depending on your circumstances.

Traditional loan options

Fixed-rate mortgages are a generic solution that can be relied on, but it can be difficult to qualify if you have a middling to poor credit rating. This can be even more difficult if you’re attempting to acquire a jumbo loan, or a loan which surpasses predetermined loan limits. These loans can make the momentous interest on barely qualifying loans even worse.

When qualifying for these loans becomes difficult, loans provided by the Federal Housing Administration can be a vastly better route. An FHA loan also includes a far smaller down payment – as low as just three percent – which makes it better for families in dire financial straits in need of a home. While this can result in longer term payments and comes with a much shorter loan ceiling, it’s an effective option for lower to middle income households who are seeking standard urban or suburban housing.

These options are just a few that households can consider in tough economic times without having to compromise on their vision for what their standard of living should be. Signing a lease is a huge financial responsibility, so assaying your options and settling for satisfactory housing should be one of your very highest financial priorities.

Boulder Real Estate

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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WHAT ARE BUYERS LOOKING FOR?

WHAT ARE BUYERS LOOKING FOR?

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Looking forward to the New Year, there are some trends that will appeal to homebuyers. Here are just a few things to look for as we move into 2014:The Home Office. More and more people areworking from home – a great relief for the nation’s carbon footprint. With technological innovation on the rise, there is a decreased need to “go into the office.” The practice of calling into meetings via phone and video is seeing a rapid increase. So today’s home office must incorporate plenty of electrical power and wireless access.

The Casual Media Room. Gone is the era of the enormous home theater. These days, families like to hunker down in cozier conditions. Smaller rooms with large, pull-down screens are more flexible than a dedicated theater. And for families with teenagers? It may be time to create a teenage lounge with multimedia capabilities. Many parents like to have “teenage space” at home in order to keep an eye on their kids’ activities.

Main Floor Master Suite. Yes, these have been popular for a while, but with a population that’s growing older, a main floor master is more attractive than ever. Roomy, accessible shower stalls are a modern alternative to the traditional combination shower and bath.

Energy Efficiency. This is a concept that has been around for decades, but is now, deservedly, gaining more and more attention. Remember those 1970’s half-hearted solar roof panels? They were a great start, but they’re now being replaced by energy-efficient appliances, sustainable materials, and cost-effective heating systems. It’s recommended you read up on the latest advancements to truly appreciate how far we’ve come.

Technology. Music aficionados have never had it better. Long gone are the days of bulky sound systems. Connectivity is the name of the game, from surround sound to whole-house sound solutions with discreet speakers that blend into the decor.

Storage. From bathroom linen closets to walk-in kitchen pantries, the modern homeowner is looking for plenty of storage. And why not? With the preponderance of bulk stores, it’s easier to then ever to get a good deal on large amounts of items at low cost – but there needs to be somewhere to store all those great deals.

The Great Outdoors. When it comes to “getting away from it all,” families are increasingly turning to their own back yards. In today’s busy workplace, not only do Americans take less time for genuine vacations, but they don’t tend to go far away if there is comfortable nearby space for a “staycation.” Outdoor living space – from patios to swimming pools to outdoor kitchens – has never been more popular.

Convenience. Homeowners have always looked for most sleek and convenient solutions, and today’s homes incorporate easy-to-use appliances and systems that can be accessed remotely by smart phones and tablets. Forgot to turn down the heat before you left on vacation? No worries. Now you can do it on your way to the airport with just a touch of the button.

Although there are always new trends to consider in real estate, every house has its charm and there will never be a “one-size-fits-all” home. That’s one of the most rewarding aspects of being a real estate agent – matching each homebuyer to a perfect home.

Boulder Colorado homes for sale

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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Boulder Colorado homes

Is Buying or Renting Right for You?

Is Buying or Renting Right for You?

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The decision to buy or rent depends on your current financial situation, your future plans and the lifestyle you want to live. Both options have their own set of benefits, and potential drawbacks, that should be carefully evaluated.

Buying may make sense if you…

  • Have reliable income, good credit and documentation to verify your savings.
  • Can afford at least a five percent down payment and related closing costs.
  • Want a chance to build equity and be eligible for homeowner tax breaks and credits.
  • Are financially able to take on home-maintenance/improvement projects.
  • Have an adequate cash reserve to withstand a loss of job, long-term illness, or other financial setback.
  • Are planning on staying in your home for at least four years.

Renting may make sense if you…

  • Have a career or lifestyle that requires you to move frequently or suddenly.
  • Prefer having a set monthly budget and cannot afford unforeseen home-maintenance expenses.
  • Do not have the time or desire for home maintenance /improvements.
  • Enjoy having amenities such as a pool, gym, concierge and tennis courts.
  • Plan on downsizing your living space or retiring in the near future.
  • Are experiencing a financial setback and/or rebuilding your credit.

The advantages of owning or renting are different for everyone, so be sure to consider these important personal situations and long-term goals before making your decision.

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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