Jan. 14, 2021

The Do’s and Don’ts for Investing in Real Estate

Are you thinking about investing in real estate in 2021? It may be the perfect year to purchase a rental property, a vacation home, or to flip houses. We would be happy to help you find the perfect investment property, and we’ve put together this list of tips to help you get the best return on your investment.

First, consider what type of investment property is best for you and your family. 

 If you are thinking about a rental property, such as a   vacation condo or rental home, consider how much   time will be needed for things like maintenance,   managing a website or rental listings, and vetting   potential tenants. For rental homes, make sure the   areas you are searching are attractive to tenants in   terms of proximity to nearby business centers and   transportation hubs, and in good school districts for   family tenants.

Is a family vacation property more to your liking? Make sure you read any and all rules pertaining to owners and guests, as well as rules on renting your property out when you are not using it, if that is something you plan to do. Also be sure that your vacation property is somewhere you foresee your family wanting to travel to often enough to make it worthwhile.

 For new house flippers, you want to find out what return you can expect to get in your market area and talk to contractors and suppliers to get realistic estimates on renovations, both in terms of price and time to completion. 

Here are some additional Do’s and Don’ts for investing in real estate:

  • Do aim for at least a 15% return on investment.
  • Do look for homes priced in the low end of the median price range.
  • Do look for 3-bedroom, 2-bath single family homes for rentals or flipping.
  • Do focus on one neighbourhood or area.
  • Do purchase rental properties close to your home if you plan to manage them yourself.
  • Do use one real estate agent to help with all your buying and selling needs. 
  • Don’t purchase a second property until the first is earning revenue.
  • Don’t buy properties that you wouldn’t want to manage, even if you plan to use a property manager.
  • Don’t buy a home that you cannot afford to carry for several months in case of a slow market.
  • Don’t buy a home or condo without having inspections performed.
  • Don’t buy without title insurance.
  • Don’t buy more properties than you are able to manage.

We can help you search for investment properties. Sometimes buyers make the mistake of searching on their own and contacting the sellers or listing agents directly. Working with several different people wastes your time and increases the chances that you will miss out on a deal. Also, working with one agent allows that agent to learn your tastes, needs, and parameters, so we can be out looking for the right property while you are busy doing other things.

Posted in Market Updates
Jan. 4, 2021

Fresh Year, Fresh Start: Cleaning Out Your Home for the New Year

 

Many of us could not wait to close the door on 2020 and usher in the new year– and all the positive karma we hope comes with it! As you look forward to 2021 you may have spent some time thinking about your intentions for the coming year, whether for personal or professional growth, health and fitness, or family goals. Let’s face it, 2020 was stressful, and while many people look to each new year to freshen up their lives, this year more than ever people are looking inward to reexamine what is important to them. But one thing that is just as important as setting intentions for your behaviors or habits is creating a peaceful and joyful place in which to practice your intentions.

If you, like most Canadians, spent a record amount of time inside your home last year due to the pandemic, you may have accumulated more stuff than you have in previous years. Many people acquired new hobbies to pass the time at home, started – and maybe even finished – home improvement projects, or simply went a little overboard with boredom-induced online shopping. If this sounds familiar, it may be time for a decluttering session.

Living with too much stuff can cause stress, anxiety, and depression. People with too much clutter in their environment also tend to suffer from relationship issues, sleep problems, and chronic allergies or asthma. 

So take some time to clean out your home for the new year. Here are a few strategies recommended by professional organizers.

1. One category at a time: This method is used by Marie Kondo, author of the bestselling book The Life-Changing Magic of Tidying Up, and TV show, Tidying Up with Marie Kondo. She advocates for decluttering items by category: clothes, books, papers, miscellaneous items, and sentimental items, in that order. 

2. One room at a time: Another method is to focus on one area at a time. It could be a room, the garage, or the attic. If that amount of space is still overwhelming to you, break it down to one closet, one cabinet, or one drawer at a time. 

3. Arrange keep, sell, and donate spaces. As you progress through your decluttering, it will save time and energy if you have already designated areas to accumulate items that are to be kept, sold, or donated. Then you can deal with each group of items once you have everything separated.

Once you have cleaned out your home, you might adopt some of these habits for preventing clutter from piling up again:

1. Set a rule where you don’t purchase a new piece of clothing, toy, book, or gadget without getting rid of something you are no longer using.

2. Get into the habit of always putting everything back in its place. This will keep you from purchasing items you already have but can’t find or forgot about.

3. To prevent clothes from piling up, try choosing your outfits for the coming week every Sunday, and don’t let clean laundry sit unfolded.

4. Look through your refrigerator and pantry before shopping and shop with a list of needed items.

5. Live by the rule that if you haven’t used it or worn it in the past year, chances are you don’t need it.

We at The Fort McMurray Real Estate Group wish you all a wonderful 2021!

Posted in Home Trends
Dec. 15, 2020

Celebrating the Holidays Safely in 2020

As we close out 2020 with the news that a COVID-19 vaccine may become available in the new year, we can all have hope that our lives will soon return to normal, but for this holiday season, families are faced with the challenge of celebrating safely. Here are some ideas for making the most out of this holiday season while keeping your loved ones healthy.

Go with simple as a theme. Cutting back on gift giving and holiday activities will cut down the time you and your family spend exposing yourself to crowded shopping centers and other venues. You will benefit by having more down time to enjoy decorating, baking, or watching movies with your family.

Shop early. Avoid crowds by shopping earlier than usual and taking advantage of online shopping. Shopping early will also help you avoid unwanted stress and increase your enjoyment of the season.

Stage some friendly competition. To take the place of neighborhood or family gatherings, stage some fun virtual competitions. Categories may include tree decorating, gingerbread house building, gift-wrapping skills, and carol singing. Participating families can submit their entry photos or videos for everyone to vote on.

Plan Secret Santa Activities. Instead of getting together for cocktails or dinners with friends and coworkers, play Secret Santa and drop off cookies, a crock of soup, or homemade pet treats to your friends’ doorsteps. You may create a tradition you continue for years to come.

Take Care of Yourself. This unprecedented time has caused many people to suffer from stress, anxiety, or depression, so whenever possible, exercise self care. Even though the holiday season is a time we usually focus on others, it’s important to care for your own needs. Take time to rest, meditate, exercise, and get enough sleep.

Check in with Relatives Often. You may not be able to gather as a family this year, but you can spend quality time with relatives virtually. Arrange weekly Zoom or FaceTime calls, have your children draw pictures and write letters to their elderly relatives, or plan online family game nights with your extended family.

Nov. 30, 2020

Why You Should Work With a Buyers Agent

The home buying process can be exciting and fun, but also complicated, stressful, and overwhelming. Maximize your chance of success and minimize the amount of time spent trying to keep track of all the details by working with a buyer’s agent. There is a plethora of benefits to using a buyer’s agent, and here are our top four!

They can find the right properties for you. When starting your search, generally you will already have a list of must-haves and nice-to-haves for your new home. Your buyer’s agent will have access to extensive search resources and all the new listings hitting the market, so they can ensure you are looking at homes that meet most, if not all, of your criteria.

They know the background. Experienced buyer’s agents have a breadth of knowledge on different neighborhoods in the area. They can let you know what similar homes in the area have recently sold for, if there are any new commercial projects on the horizon, what the nearby schools have to offer, and more.

They are in your corner during negotiations. A buyer’s agent is your advocate when it comes time to put in an offer and negotiate. They have your best interest in mind, understand what you are looking for, and can help you get the best price and terms for the home.

They provide trusted recommendations. Buyer’s agents that have been in the business for several years have likely built strong relationships with professionals in other parts of the industry. Turn to your agent when you are ready to find a home inspector, moving company, lender, and more.

The Fort McMurray Real Estate Group understands the importance of connecting with people. Our caring and honest approach combined with our extensive knowledge of the rapidly changing market helps to guide our clients through the home buying and selling process.  If you have been thinking of buying, contact us and find out how we can help get you into your new home!

Nov. 16, 2020

Buying Your First Home? Know These 3 Things

We love working with first-time home buyers. Helping you find your first home, learn the home buying process, and guiding you from house-hunting to move-in day gives us the warm fuzzies. Here are three things you should know before you start looking.

  1. Work with one real estate agent. It’s best to have one agent who is helping you with your search. Your agent will be dedicated to finding you the right property, and then negotiating on all the terms of your transaction on your behalf. You want that person to get to know you and your family’s needs and preferences, rather than starting over with someone new each time you go look at a house. Keep in mind that the agent who shows you a home is, ethically, the one who should continue the transaction. Also, when you call an agent from a yard sign or advertisement, you are dealing with the seller’s agent. While most real estate professionals are adept at handling both sides of a transaction professionally, it makes more sense to deal with someone you have already taken time to get to know and who has your best interests at heart as the buyer. You aren’t paying your agent; unless otherwise stated, he or she is paid by the seller upon closing. Still, you are hiring someone to work for you, so feel free to interview multiple agents and pick the one that you feel fits you best.
  2. You need to be pre-approved for financing. Unless you are paying cash for your home, you do need to talk to a lender before you start looking at houses. One reason is that it helps you set an accurate price range for house hunting. Looking at homes that you can’t afford to make an offer on just leads to frustration. A mortgage lender will not only tell you what amount you can borrow, but also your projected monthly payment, your closing costs, and what you should or shouldn’t do with your finances to maintain your eligibility throughout the lending process. Another reason for having an up-to-date pre-approval in hand is so you don’t lose out to another buyer. If you find the perfect house, you will want to get an offer in before someone else gets it, and that pre-approval letter must accompany your offer. We would be happy to provide you with names of mortgage lenders in our area who have provided excellent service to our clients.
  3. There are some up-front costs. When you find the right house, and you and the seller have agreed on the price and terms and have signed the contract, you will first need to make your escrow, or “good faith” deposit. This is money you are risking if you back out of the deal for reasons not protected in the contract. Usually it is between 1% and 5% of the sales price but can be more or less depending on what you and the seller agree to in the contract. Your agent will help you with this during negotiations. The escrow deposit counts towards the sales price.
    Next, you should have an inspection of the property done by a certified home inspector. This cost varies depending on the size, condition, age, and features of the home, but is usually a few hundred dollars. You will need to pay this at the time of service. You may elect to pay for other inspections based on the results of the initial inspection. For example, if the inspector notes an issue with the HVAC system, you may need to pay a service fee for an HVAC contractor to look at the system. You want to get as much information during your inspection period as you need to confidently move forward with the purchase.
    An appraisal and a survey of the property will be ordered, but these are usually added to your closing costs and not expected to be paid in advance. However, you may be asked to provide a credit card number to be charged in the event that the closing does not take place. We will guide through all of these steps throughout your home buying journey. Ready to get started? Give us a call!
Oct. 30, 2020

Our Top First Time Home Buyer FAQ’s Answered

Mortgage-Related

How do I know if it’s time to buy instead of rent?

If you know where you want to live, have a steady and secure income, and are ready for the responsibilities of homeownership, then it’s a great time to invest in property.

 

How much do I need to save up for a down payment?

A conventional loan down payment is usually 20% of the sales price, but other types of financing require as little as 3.5% to 15%. A mortgage lender can tell you what types of loans you qualify for.

 

How do I know if I qualify for a loan and how much I can afford?

Contact a mortgage lender to get pre-approval for a loan. The lender will ask you some basic questions about your income and debts and can tell you what amount you can be approved for, and how much your mortgage payments will be.

 

What does the lender need from me to give me a loan?

Usually, you are asked to provide your last two tax returns to show proof of income. You should also provide recent bank and credit card statements and proof of your current pay rate. You will also be asked for your social security number so they can run a credit check.

 

What’s the difference between pre-approved and pre-qualified?

While often used interchangeably, these terms don’t mean the same thing. Pre-qualification is an estimate of what you may be approved for based only on the verbal information you provide. Pre-approval means the lender has verified your income and debt information and run a credit check.

 

How do I know which mortgage option is right for me?

Your mortgage lender is the best person to advise you on this question. Their products and qualifications change from time to time, so they would know best what products are available to meet your needs.

 

Searching for a Home

What should I do when I see a house online that I like?

Call your buyer’s agent: the agent you are working with to find your home. It’s best that you work with one real estate agent throughout your search because that person learns what you like and dislike and will invest a lot of time vetting properties for you. That person also represents your best interests only. When you call the agent advertising the home, you are dealing with the seller’s agent, so, while they can assist you, they are also trying to get the best price for the seller.

 

Can you show me a house if it’s not your listing?

Absolutely. As a buyer’s agents, we can show you any house listed in our MLS system, and we will contact FSBO sellers on your behalf. As mentioned above, working with us as your buyer’s agent ensures that your interests are protected.

 

How do we write an offer?

When you find the property you want to make an offer on, we will run a Comparative Market Analysis (CMA) to help you determine a fair offer amount. We will also guide you through the additional terms of the contract, such as the escrow amount, closing date, and any additional terms you want to be added to the offer. We will write the offer on a contract form and submit it to the seller’s agent.

 

What if I want to back out of a contract?

You always have the right to back out of the purchase, but you may lose your escrow deposit. If the contract is contingent on a property inspection, you usually have the right to cancel for any reason during the inspection period. Once the inspection period has passed, you cannot back out and keep your deposit unless the seller agrees, or an additional term has not been met.

 

What happens if there are other offers on the house I love?

If a seller receives multiple offers on their home, usually their agent will inform the buyer’s that multiple offers have been received and the buyers have another opportunity to alter their original offer to present their “highest and best” offer. Keep in mind that many factors may influence the seller in addition to the offer price, such as the down payment amount, closing date, and inspection terms.

 

What happens when my offer gets accepted?

Once both parties have agreed on all terms and signed the contract, your escrow deposit must be made and you should schedule the home inspection. Your lender will receive a copy of the contract and will begin processing your mortgage application.

 

We’re Under Contract!

What does “under contract” mean?

Under contract means that all parties have agreed on terms, have signed the contract, and the signed contract has been delivered to both buyer and seller. Payment of the escrow deposit is expected but is not a requirement to make a binding contract.

 

What is escrow?

The escrow money, escrow deposit, or good faith deposit is money that is offered with an offer, or as soon as an offer is accepted, to show the seller that you are serious about moving forward with the purchase of the home. Because you forfeit this deposit if you back out of the purchase for any reason not allowed for in the contract, the larger the escrow deposit, the more seriously your offer is taken.

 

Do I need an inspection?

We always recommend that you have a home inspection done. In the scheme of things, paying a few hundred dollars to have peace of mind that there are no hidden dangers or problems is well worth the money.

 

How much are inspections?

The cost of the home inspection depends on the size of the house and additional inspections requested, such as septic tank, insurance four-point (HVAC, plumbing, roof, and electrical,) wind mitigation, and radon. An average home inspection, without additional inspections, is about $300.

 

What if my loan doesn’t get approved?

If you have gone through the pre-approval process and have been forthcoming with all the information requested by your lender, it’s unlikely you will be turned down, but it does happen. Make sure you do not change jobs, purchase big-ticket items on credit, take out a car or boat loan, or open any other new credit accounts while your mortgage is being processed. If your loan does fall through, talk with your lender about changing to a different loan type.

 

When can I start moving?

When you have the keys! When you are financing your purchase, it takes four to six weeks for your loan to be processed. Once the lender gives the all-clear, closing is scheduled. You will sign your loan documents and both parties will sign documents transferring ownership to you. Unless other arrangements have been agreed upon by both parties, the sellers should have completely vacated the home when they sign the closing papers. You can have your belongings ready to move, and a moving company scheduled before you go to closing. At closing, you will receive the documentation you need to provide utility companies with proof of your new residence.

 

If you have been thinking of buying, contact us today! The Fort McMurray Real Estate Group understands the importance of connecting with people. Our caring and honest approach combined with our extensive knowledge of the rapidly changing market helps to guide our clients through the home buying process.

Posted in Market Updates
Oct. 15, 2020

5 Reasons Why Fall is a Good Time to List Your Home

Thanking about selling your home but not sure if the fall is the right time of year? It’s actually a great time to put your home on the market. Here are some of the benefits of listing your home in the fall.

  • There is Less Competition. Typically spring and summer are high season for listing family homes, as people want to move over the summer before the new school year starts, so listings usually decrease in the fall, which means less competition and higher sales prices.
  • Great Weather for Buyers. When the heat of the summer is gone and cool crisp days return, people just want to be out and about more! That may be especially true this year, as we have all spent more time at home during COVID. With precautions put into place, buyers can safely visit your home this fall.
  • Fall Enhances Curb Appeal. Spend the summer taking care of any external repairs that need finishing, then you can celebrate fall by planting some fresh flowers, staging you or front porch with potted mums, pumpkins, and a fall wreath, and carry the theme inside with fall scented candles.
  • Buyers are Serious. Fall and winter buyers tend to be more serious. They may need to move by the end of the year, or they want to get settled before the holiday season. The demographics of buyers may shift towards younger professionals, first-time home buyers, empty nesters, and retired people, who have more flexibility over when they move than people with schoolchildren and are therefore more likely to be serious when they do go looking.
  • Increased Corporate Relocations. Similarly, companies that relocate employees regularly sometimes take advantage of the fall market, knowing they can get better deals on moving expenses. Companies also make tend to make personnel changes in the fall as that often corresponds with their new fiscal year.

Locally, inventory is low and buyers are highly motivated so if you have been thinking of selling, now is a great time!  Contact us for a free home evaluation! 

Posted in Market Updates
Sept. 30, 2020

Fall Decorating on a Budget

There is something about decorating for fall that gives me the warm fuzzies! It may be the promise of cool, crisp evenings with brilliant sunsets, or the fact that fall decorating is all about creating a cozy atmosphere in your home. The fun thing about fall decorating is that it’s easy and inexpensive. Here are a few of my favorite fall decorating ideas that are easy to accomplish on a shoestring budget.

  1. Hit your local nursery, grocery store and fabric store for fall color. Place potted chrysanthemums, pansies, croton, purple fountain grass, or flowering kale on your front porch, in your foyer, or around your fireplace to add color. Tuck some mini pumpkins, Indian corn, or gourds around the base of the plants. Instead of spending money on pots, wrap the plant containers in fall print remnants from the fabric store.
  • Scavenge your yard for fresh ornamental cuttings. Put on your gardening gloves, grab your cutting shears and a basket, and head outside for some free décor. Fall leaves, small branches, ivy, ornamental grasses, flower blooms, pinecones, and seed pods make great accents. Arrange cuttings on your mantel or dining table with LED flameless candles and small gourds, or place branches and blooms in a large mason jar or vintage pitcher.
  • Get creative with pumpkins. There are lots of fun things you can do with a pumpkin besides carving a jack-o-lantern. Try painting some pumpkins in fall colors that coordinate with your home’s decor. Or wrap a few large pumpkins in light strands to light up your front porch. Make pumpkin topiaries by stacking three or four on top of a plantar, largest to smallest, and wrap then in garland or light strands.
  • Go antiquing for cheap accessories. Your local antique market or thrift stores can be a treasure trove for great fall finds. An old wagon, a wooden ladder, woven baskets, ceramic jugs, aluminum tubs, antique picture frames, straw hats, and vintage farm tools all have a rustic fall flavor.
  • More ideas for fabrics. You don’t need a sewing machine to make use of fall fabrics. Many fabric stores stock fall prints or have remnant pieces for quilting. Fold a couple of yards of plaid fleece like a throw blanket and drape it over a chair.  Wrap your throw pillows in a yard of a fall print and secure it with craft ribbon or safety pins. Fold the raw edges under and iron to make a simple table runner. Wind strips of fabric around a grapevine wreath or use them to tie big bows around your pumpkin stems.
Posted in Home Trends
Sept. 14, 2020

Seller’s FAQ’s

When is a good time to sell?

An easy answer is when it’s best for you! Obviously, if you are closing on a home purchase, moving for work, or want to get settled before the new school year, you have a timeline you need to work with. But, if you have the luxury of choosing when to sell, there are a few considerations. Spring is traditionally a time when there are more buyers looking, but you may also have more competition. Fall, and closer to the holidays, is a good time to get a higher price from buyers that need to move before the new year. Watching the market is always smart. A seller’s market, meaning there are more buyers than sellers, is always a good time to list.

What is my home worth?

Determining your home’s market value is one very important reason to use a real estate agent. I will do a comparative market analysis (CMA) to help you set the correct listing price. I look at recent sales of comparable homes, similar homes that are under contract, and homes that are listed in the same price range of your home. Then I compare features of the homes including the size, style, number of rooms, age of the home, amenities, condition, lot size and placement, and the location or neighborhood. (Note: the tax appraiser’s assessed value of your home has nothing to do with the market price.)

How do I determine the right listing price?

What your home is worth and what you should list it at are not the same. You always want to have room to negotiate with buyers, so setting a “firm” price to avoid the negotiation process is not usually a good strategy. Neither is setting a very high price to “see what we get.” Setting an unreasonably high price usually results in longer time on the market, which does not look good to buyers and will frustrate you.  Many sellers ask about the price that Zillow or other real estate websites give for their home. These are not reliable because these sites are only taking into consideration very general demographics.

How long will it take to sell my home?

The length of time on market will depend upon the market in your area at the time of listing and whether the home is priced realistically. I am always working to get you the highest price in the shortest time possible. On average, a home that is priced right goes under contract in two to three months. If you need to sell fast, that should be reflected in the list price.

How much will I pay in commissions?

The standard real estate commission is 6% of the sales price, split between the listing and selling sides. Commissions are not paid directly to the agents, but to our brokers. They collect fees for marketing your home on MLS and other websites, administrative costs, insurance fees, and required fees for storing your transaction records as required by law. My broker then pays me for representing you in the transaction. As your agent, I will work very hard to represent you ethically and with your best interest always the priority. If you have any questions about the commissions, I’d be happy to talk with you further.

What do I need to do to get my home ready to sell?

I recommend that you give the home a thorough cleaning– get rid of anything you aren’t taking with you, declutter surfaces, take care of repairs, make sure the major mechanical systems are in good operation, have the exterior pressure cleaned and the landscaping spruced up. You may also consider repainting if it is overdue or if the home is painted in dark or bold colors.

How will the showing process work?

We will decide together on how to handle showings. We can set parameters as to the hours and days that showings are allowed, and how to notify you in advance. Homes show best when the homeowner is not present, but if this is not possible, we will work together to create the best experience for the buyer that also fits your lifestyle. Usually we use an electronic lockbox that allows buyers’ agents to access your housekey. These boxes also notify me any time they are opened, so no one is accessing your home without my knowledge. If you have pets in the home that need to be tended to during showings, we will work out the best way to handle them. Furthermore, I will try to get feedback from each showing and pass that information back to you.

Should I consider FSBO or a flat fee listing service?

I strongly discourage those routes, not only because I want to help you sell your home, but also because they can be a huge burden and don’t get you the best price. Buyers know that when a home is sold FSBO or on a flat fee service, that the seller is paying little or no commissions, so they will offer less. Consider that when you sell your home by yourself, you will have to be present for all showings, and you won’t have someone to advocate for you through all the steps of the contract and closing process. If something goes wrong, you’ll want me in your corner to prevent problems or save the deal, so you don’t have to start over.

What marketing will you do to help sell my home?

Hands down, our best marketing tool is the Multiple Listing Service (MLS.) This is the database all real estate agents use when searching for properties for buyers. And buyers are using websites like Realtor.com, which is why all my listings automatically show up on these websites. My broker will list your home on our company website, and I may also use additional avenues such as open houses, brokers’ opens, and direct mailing, depending on your home and market.

Should I offer incentives like a home warranty, closing costs, or selling agent bonus?

Incentives are something I like to consider on a case-by-case basis. There are certain circumstances where it may be smart to offer an incentive. Some incentives can be offered from the start. For example, if your home is in an area that doesn’t get a lot of traffic, we may offer an incentive to agents to bring us a buyer. Or if you know the appliances are at the end of their lifetime, you may offer a home warranty to help the buyers replace them. Other incentives, like helping with closing costs, are better used during the negotiation process.

What do I need to disclose?

It’s smart to disclose any issues right up front. Your buyers will have the right to inspect the home, so it’s best they not be hit with bad news after going under contract. If you know of problems with the appliances, plumbing, electric, HVAC, roof, foundation, property lines, or deed, these need to be listed on the Seller’s Disclosure. If there are repairs that you can have done before listing, go ahead and take care of those. Anything that cannot be remedied before listing should be considered when setting your list price.

What happens if my home doesn’t appraise above the contract price?

It sometimes happens that a home does not appraise at or above the contract price. When this happens, we go back to negotiations to determine if we can save the deal by adjusting both the sales price and the terms of the contract to the satisfaction of both buyer and seller. Usually we are able to work it out and save the deal. You always have the right to refuse to lower the price to meet the appraisal, but it’s usually in your best interest to try to work with the buyer to resolve the issue as the next appraisal could result in the same valuation. If you are concerned about the appraisal value, go ahead and have your home appraised before setting the listing price.

How do you negotiate multiple offers?

A multiple-offer scenario is a fun position to be in as a seller. I will help you through the negotiation process to select the right buyer– and that is not always the one with the highest offer. We need to consider how strong the offer is, whether they are offering cash or financing, how much they are financing and what type of loan they are using. How much they are offering to put in escrow and the terms of the inspection process are indications of their commitment to the deal. You may also draw on sentiment: are they buying your home as an investment or a place to raise their family?

Posted in Home Trends
Aug. 31, 2020

12 Tips for Decorating a Large Wall

 

Have a large wall space that needs some décor but worried it will cost you hundreds of dollars in art? Not necessarily! Here are some ideas for filling a large wall without emptying your bank account.

  1. Take individual pictures of your family members and have large prints made in black and white. Add to the size of each photo by adding a photo mat, then frame them in inexpensive black frames and hang them in a row across the wall.
  2. Let your kids be the artists. Purchase large canvases and let your children paint their masterpieces. Or take artwork they have already done at school or at home and mat and frame them.
  3. Use floating shelves hung at various heights and topped with photos, vases, ornaments, books, candles, or mementos.
  4. Use plants to fill in empty spaces. You can place potted plants or succulents on floating shelves, use planters or hanging baskets made to attach directly to the wall, or make a DIY vertical garden out of an old wooden pallet.
  5. Use mixed media such as large woven or wooden trays, tapestries, or metal sculptures.
  6. Hang a collection of quirky clocks, different sized mirrors, graphic signs, old album covers, vintage prints, painted empty frames, or crosses.
  7. Stencil your wall with a graphic design, a tree, vines, or a floral pattern, or favorite inspirational quote.
  8. Reduce the wall space and soften the room by framing the wall with false drapery panels hung on either end of a sofa or pair of chairs.
  9. Light it up by attaching LED string lights in a pattern or hanging pretty wall sconces at various heights.
  10. Reduce the wall space by placing a potted tree or folding decorative screen in front of part of the wall.
  11. Search antique malls for vintage architectural pieces that can be hung on the wall, such as old window frames, an antique door, intricate fireplace screen.
  12. Create your own graphic by covering large frames or canvases with patterned fabric remnants and hanging them in a row or collage.
Posted in Home Trends