Category Archives: Real Estate
Get Ready to Sell Check List
If you are thinking of selling in the next few weeks, or even months from now, there are things you should do to get your home into tip-top shape. Here is a list of the most common items that I check when getting a home ready to sell:
· Review walls and ceilings for small cracks. Repair these throughout. If there are larger cracks in the ceiling, walls, foundation, or driveway, these might be a sign of a problem that you may want to look at or fix before coming on the market.
· Check the paint in each room. If the rooms need to be freshened up, paint is one of the cheapest ways to have big impact.
· Wipe down all baseboards and trim. If there are scuffs, dents, or marks, if your trim has a wood look, you can touch up the stain and if they are painted and the scuffs won’t come off, you may need to touch up the paint.
· Make sure your ceiling is free of cobwebs and dust.
· Clean all vents.
· In the kitchen, cabinets (both inside and the doors) need a cleaning. I encourage sellers to declutter while they are at it. Buyers will look inside the cabinets, so I recommend boxing up the extra dishes, Tupperware, and spices while you are cleaning and making the insides nice and neat.
· While you are in the kitchen, clean and tidy up the fridge. Again, less is more, so use up or toss all those extra salad dressing containers, mustard, and hot sauce packets.
· Give appliances a thorough cleaning including the inside of the stove, the stovetop, grease traps, vacuum the back of the fridge, etc.
· Remove all the papers and magnets that might be on the fridge.
· Kitchen counters seem to attract a lot of clutter. I recommend clearing everything off and only putting back a few things that you are going to need for the next 90 days and that aren’t visually distracting. For example, you might need a toaster and a coffee maker. As long as those look neat and in working order, they can stay. But don’t leave a can of coffee on the counter. That goes in a cabinet.
· The same type of cleaning you did in the kitchen cabinets need to be done in the bathroom. Clean out all drawers and cabinets and only replace what you need in the next 90 days. Remove everything from the bathroom counters except for soap or nicely-organized jars with Q-tips and cotton balls. Everything else should be stowed in cabinets neatly.
· Edit your shower collection of shampoos, conditioner, body soap, etc, to only one bottle of each and remove extra razors and scrub brushes.
· Edit your towels to a single color that enhances the bathroom décor and make sure all family members know how to hang up the towels properly after use.
· Check tile grout and replace if necessary. Do the same with the caulk.
· Clean the bathroom fan.
· Clean out the shower and tub drains.
· Check all the light fixtures in the house to make sure they are working property and to replace all burned out bulbs.
· While you are doing that, check each light switch and clean the switchplates. You can also make sure that the plates for the outlets are in good working order.
· Service the furnace and water heater. If you live in a rural area, it might be a good idea to have the septic inspected as well, although rules in different areas may affect when exactly you want to do this.
· Usually I suggest that carpets get cleaned.
· If wood floors are scuffed up, they may need to be refinished.
· Clean all blinds and window treatments.
· Clean out the fireplace and have the chimney inspected. Stage a log or two in the fireplace if you like. Clean glass doors and remove excess materials from the hearth and mantel.
· Review your houseplant situation. Any that are barely hanging on should be removed or replaced.
· Wash all windows and outside doors and make sure they slide freely. You may want to replace all windows that have a broken seal.
· Analyze each room to make sure the function is clear. Any items that don’t support that function should be removed. For example, if in the master bedroom, there is workout equipment, a desk with piles of paperwork, and a dog crate, I would suggest removing the workout equipment, dog crate, and packaging up the paperwork. We want a nice, calm space.
· While you are analyzing each room, declutter as much as possible. That means removing extra artwork that is cluttering up the walls, removing family tchotchkes and photography, and removing collections of things. For example, if you have collections of plates, Star Trek memorabilia, bells, etc, I suggest packing those up so the buyers can picture themselves in your home.
· If you have kids, getting the house ready to sell can provide you with a great opportunity to go through their toys and clothes and get rid of things they have outgrown. Since toys can create a lot of clutter, give them a choice of perhaps 10 things they can keep while the home is on the market, and then make sure they know how to put those away when they are done playing.
· Is anything broken or in need of repair? Believe it or not, the cost to fix these items now may be less than the perceived value the buyer may put on disrepair when making an offer. If your dog has scratched up a door beyond repair, there are deck boards broken, or a kitchen door is missing a handle, get it fixed before the home goes on the market. We want the buyers to feel that your home is well-taken care of.
· If there is a challenge with odors in your home, you can possibly use room deodorants or disinfectant sprays (but beware that some buyers are sensitive to these so don’t overuse). There are also products out there specially-designed to handle pet odors and you may want to rent an ozone system if the smell cannot be otherwise overcome or identified.
· If the weather has done some damage to your home outside, repainting and caulking the seams is a good plan.
· Make sure the front door looks especially, clean, freshly painted if applicable, and inviting.
· Verify decks and railing are in good repair and are freshly stained and/or painted.
· Get the roof cleaned of moss and dust and make sure there are no issues that should be addressed before the home goes on the market.
· Clean the gutters.
· Remove webs and bird droppings from eaves.
· Pressure-wash all cement surfaces such as driveways and walkways.
· Prune plants and trees so there is at least six inches or more of space between the plant and the house.
· Prune or remove plants that are partially dead or don’t look great and make sure to deadhead all dead flowers.
· If your trees need work, such as removing dead branches, go ahead and get this taken care of.
· Determine if mulch (bark, rocks, etc) needs to be replaced and do so.
· Make sure all container plants and pots look fresh and organized neatly.
· Areas that are graveled may need a fresh coat of gravel.
· Wind up the hose neatly.
· Keep the grass trimmed neatly. If there are bare patches, cultivate some grass and keep it green.
· Apply the same decluttering principles to the deck and outdoor living spaces. If furniture and décor is mismatched, this will distract the buyer.
· Make sure outdoor furniture cushions are cleaned. Add a pop of color with outdoor pillows, freshly-potted plants, and hanging baskets.
· Clean the BBQ.
· Make sure garage door opener works.
· Remove excess clutter from garage. Belongings should be neatly organized on racks or in cabinets wherever possible.
· Clean the garage. Keep the floor swept. Depending on what you have in the garage, some people will use a leaf blower to clean out dust that is sitting on belongings and in corners.
· If applicable, make sure crawl space under the house is clear of garbage, pests, etc. We may want to put down new plastic sheeting on the ground if needed.
· And of course, give your home a thorough cleaning!
There may be additional custom items for your home that need to be added to this list. Although this may seem overwhelming, addressing each item will bring in more potential buyers. If you are ready for your custom plan, give me a call: 206-484-2777or email: karenwi@johnlscott.com.
Normandy Park in Bloom!
Homes Selling Quickly
Heating Home Options
Brrr!!! It has been a chilly winter! If your heater has worked overtime this year and is on its last legs, it might be time to consider a replacement. But what is the best home heating solution for you? Let’s examine the most popular options:
- Furnace – Furnaces heat air utilizing natural gas, propane, heating oil, or electricity and distribute it through the home through a system of ducts. Furnaces are usually between 59-98.5% efficient depending on a number of factors including the age of the unit. They usually last between 15-30 years.
- Boiler – A boiler heats water and provides heat or steam as heat which is distributed through pipes to radiators or radiant floor systems. Boilers are between 50-90% efficient and also last between 15-30 years. They can be fueled with natural gas, propane, heating oil, biodiesel, and electricity.
Central furnace or boiler efficiency is measured by AFUE, or Annual Fuel Utilization Efficiency. This allows consumers to evaluate the efficiencies of the different models and fuel types. The AFUE is the ratio of annual heat output compared to the annual fossil fuel energy consumed. For example, a rate of 93% means that 93% of the fuel used becomes heat for the home while the other 7% escapes or is otherwise used to make that 93%. New high-efficiency heating systems can have between 90%-98.5% AFUE. One thing to note when you are considering the different system options is if you don’t have a system of ducts or radiators in place already, retrofitting these into the home will be expensive.
- Heat Pump – Heat pumps are units that are placed outside and pull heat from the surrounding air to warm the home. One big benefit of a heat pump is that it can also be used to cool a home in the summer. The efficiency is measured in HSPF (which measures the ratio of BTUs of heat output to watts of electrical energy consumed and stands for Heating Season Performance Factor) and these units are rated between 6.8-10. Heat pumps are usually fueled by electricity but some utilize geothermal energy. Heat pumps last an average of 15 years.
- Active Solar Heating – This is an up-and-coming technology which works with the sun. The sun heats water or the air to either deliver heat immediately or it save it for future use. Depending on the area, a second system may be required in the event that not enough heat is stored. However, if you are a fan of solar energy, the energy used to power any of the above units can come from solar panels!
There are also single room heating and cooling options that you might come across. And remember! Many local utilities offer financial incentives to upgrade your unit or change fuel types, so check into those available rebates when replacing your unit.
Questions about what buyers are looking for in terms of heating options and efficiencies? Let’s talk! Give me a call: (206) 484-2777or send an email: karenwi@johnlscott.com.
Source: https://energy.gov/articles/energy-saver-101-infographic-home-heating
Spring!
Seller Strategies for Evaluating Multiple Offers
If you are considering a sale in our market right now, depending on the price point, area, and property amenities, you may receive multiple offers for your property. Although price will likely be at the top of your list of variables to measure, there are a number of other items that may be included in the offer that should be evaluated:
- Price – Although this is the primary concern for most sellers, there is more at stake than just money. Read on!
- Escalation Clause – Savvy buyers may include an escalation clause which allows the price to inflate to a certain amount dependent on what other buyers have offered.
- Earnest Money – Buyers include earnest money which represents the buyer’s ability to complete the transaction as outlined in the contract. In the event the buyer defaults, the seller would be able to keep this money.
- Sale of Buyer’s Current Home – Do the buyers have to sell their home before buying yours? When there are other buyers and sellers in the mix and your home sale can be affected by their financial soundness and ability to close, this needs to be taken into consideration.
- Financial Position – Sellers are picky about the price of the home and how the home is paid for. There are a number of things to consider in this category such a how much of a down payment the buyers are coming up with or if they are paying cash, what financial institution is the financing through, and what type of loan are they getting.
- Appraisal – If the buyer is getting a loan from a bank, the bank will require an appraisal done on the property to make sure their financial interest is protected. But what happens if the appraisal comes in lower than the purchase price and the bank won’t loan the full amount expected? How submitted offers address this situation need to be evaluated.
- Inspection and Requested Repairs – Did the buyers get a pre-inspection or do they plan on having one after the offer is accepted? What will happen if the buyer finds items that they want to negotiate to be repaired? Different buyers have different comfort levels when it comes to these issues and this is a top variable to evaluate and determine the parameters that are most advantageous for you.
- Additional Items – Do the buyers want the chandelier in the dining room? How do you feel about that?
- Closing Date – How does your preferred closing date concur with theirs?
- Rent Back – If you need more time to move out after closing and get your next home transaction in order, will the buyer allow for a period of time to rent back the home for a few weeks up to a month or two?
As you can see, there is so much more than price to consider when evaluating offers. If this has you overwhelmed, don’t worry! I will be there to help you evaluate the offers and determine the best course of action for you. Please contact me to discuss further at 206-484-2777 or karenwi@johnlscott.com
Hot Off The Press
- Seattle’s not the only place with increasing home prices. Record rising home prices have hit the suburbs. The median single family home price in Southwest King County (Burien, Tukwila, Des Moines, Normandy Park, SeaTac, Federal Way and West Kent) increased 11.2% last month compared to February 2016. North King County (Shoreline, Lake Forest Park and Kenmore) median home prices rose by 16.6%, according the Northwest Multiple Listing Service.
- Did Seattle’s population just hit 700,000? According to Mayor Murray in his State of the City address, 67 people per day moved to Seattle in 2016. If true, this pushed the city population over the 700,000 mark. You can’t help but wonder what these people think about all our rain?
- The cost of a parking spot: A designated spot in the Park Slope Garage in Brooklyn New York is on the market for $300,000. That’s the same price as a condo in other parts of the neighborhood. The Associated Press as printed in the Seattle Times.