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What Today's Buyers Want in a Home

Thursday, July 30, 2020
by Scott Darling

 

Today’s buyers are highly likely to have specific desires in a new home. Are you ready? If not, let this be your guide to getting your house in ready-to-sell shape! 

 

  • Energy Efficiency:  Energy-Star windows, smart or programmable thermostat, LED lightbulbs and full-house water heater are all attractive to buyers who are concerned about energy costs as well as those concerned about going green. 
     

  • Home office:  If there is no room in your house that is a dedicated home office, create one!  Stage a space in the kitchen or living area or smaller bedroom with what appears to be a working spot. 
     

  • Upgraded kitchen and bathrooms:  While completely renovating these rooms are a possibility, it may not be in your budget. Take a good look at each, and decide what wallet-friendly projects will make them look new: painting kitchen cabinets, new stainless appliances; in the bathroom, new faucets, lighting fixtures, or add pizazz by framing a mirror in glass tiles. 
     

  • Dining space:  An eat-in kitchen or open-flow kitchen and dining room are what many are looking for, especially families. Kitchen islands with seating will suffice when the budget does not allow for creating space for a dining table in the kitchen. 
     

  • Organized storage:  Buyers want homes with ample storage. While you can’t create space, you can build space in closets and the laundry room by adding shelving or pre-fab storage systems.  
     

  • Hardwood flooring:  While not an inexpensive project, consider putting hardwoods or less costly engineered wood in the entryway and living space. 
     

  • Security:  Front-door video cameras, plenty of outdoor lighting as well as smart lighting features are all great for starters.  

 

While not every house hunter is looking for all of these, upgrading a few things will likely get their attention! Talk to your Realtor® about who is looking for a home in your location; they will have recommendations on the best changes that need to be made for your house to sell! 

 

Courtesy of Chester County PA Realtor Scott Darling.

Photo credit: Real Estate Express

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Tips That Could Help Sell Your Chester County PA Home Quickly

Wednesday, June 10, 2020
by Scott Darling

No matter how much painting you’ve done, how many bags of fresh mulch you’ve put down or how great that new kitchen backsplash looks, there is no guarantee your house will sell quickly.  But in some cases, you need to sell fast.  When you don’t have time to do a complete overhaul of the home, there are a few things you can do to help that For Sale sign become a Sold sign: 

  • - First and foremost, find a seller’s agent that has a history of quick home sales.  You’ll need to do a bit of research, but if the REALTOR® has the experience, you’ll have a head start on getting your home sold sooner. 
     

  • - Having your house pre-inspected will save a step during the process and will help you with disclosure issues.  
     

  • - It wouldn’t make sense to price your house a bit below its value during a normal home sale, but if you want to get qualified buyers interested soon, this may be your best bet. Just prepare to lose some extra cash. 
     

  • - Consider selling the house at auction, but again, it will sell for a lower price than during a typical sale.  You may even be in an area where your real estate agent is your auctioneer as well, and you can be assured they have your interests at heart! 
     

  • - Offer buyer incentives: offer cash-backs or credits, i.e.., painting, new carpet, new kitchen appliances;  if the house is in a managed community, cover one year of HOA fees; pay the closing costs; set a closing date and offer a credit for meeting that deadline. 
     

  • - A major buyer incentive is to go so far as to pay down their mortgage costs with points, as the buyer will have a lower interest rate, saving them money in the end.  Investopedia tells us how seller-paid points can benefit the seller as well as the buyer. 

 

Keep in mind that needing to sell your home quickly for personal reasons is different than a short sale.  Your reasons may be work-related, or you’ve already found another house, but whatever the reason, you want to do what you can so your house doesn’t sit on the market--you just may have to accept a loss in exchange for a fast sale. 

 

Courtesy of Chester County PA Realtor Scott Darling.

Photo credit: realtor.com

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Staging Your Home Inexpensively

Wednesday, April 29, 2020
by Scott Darling

If you’ve made the decision to put your home on the market, your Realtor®  has probably told you that staging plays an important part in the sales process.  You have a little painting you’d like to do, as well as do some work in the kitchen, but a full house staging just isn’t in your budget. Don’t be intimidated by the thought of having to fork out a lot of money to make your house looks perfect--there are inexpensive ways to stage your house, and here are just a few: 

  • - Discount department stores are full of inexpensive home decor: faux plants, decorative pillows, framed art and mirrors.  
     

  • - Sheer window panels cost less than half the cost of new curtains, allowing natural light to shine through, which is a huge plus, as a dark house isn’t on very many house hunters’ lists. 
     

  • - After cleaning carpets or even refinishing hardwood floors, an area rug or runner to brighten and protect them may be necessary.  
     

  • - The bathrooms can be given a fresh look with new shower curtains and a set of fluffy white linens in each room. 
     

  • - Big box stores are the source for inexpensive cabinetry hardware, light fixtures, as well as faucets that you may choose to replace. 
     

  • - A vase of fresh flowers brightens any room!  Discount bouquets or even single blossoms can be purchased in department store produce sections or flower markets and can last a week or more if cared for properly. 
     

  • - If you’re planning on placing a bowl of fruit on the kitchen counter, purchase oranges or apples instead of lemons. They can be eaten by the family, which saves money, as they won’t be tossed out! 
     

  • - On the outside, inexpensive mulch can transform the flowerbeds.  Pots with annuals planted in them are all you need for a splash of color on the front steps. 

 

If you must use what you have, like many homeowners, ask your agent if they can recommend a stylist that specializes in redecorating with what is available. The cost would be much less than using an interior decorator, not to mention less stress for you.   

 

Courtesy of Chester County PA Realtor Scott Darling.

 

Photo credit: stacidonegan

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Selling Your Home From Out of State

Friday, October 4, 2019
by Scott Darling


When a move out of state is necessary, selling the house your leaving behind may seem scary. A well-thought-out plan is an absolute must for the sale to go smoothly.  Read on for some tips to help you get your home-selling plan in place: 

 

  • - Look for a REALTOR® who has experience with long distance sales and is comfortable handling the process with a seller that isn’t local.  Be available for lots of electronic communication with them. 
     

  • - Find a tax attorney or accountant with a background in handling out-of-state home sales, because you may have double capital gains taxes to pay.  A professional will be able to walk you through the tax process and let you know if there are any credits you can claim at the end of the year. 
     

  • - Unless your current home is paid for, you will have to pay as if you live in two homes once you move.  Bridge loans are always a possibility, and you’ll need to be certain your home sells within a certain time period, as bridge loans are short-term.  Learn more about bridge loans, and decide if one is the right fit for your budget. 
     

  • - Pricing to sell as soon as possible is imperative, so make certain you and your agent are on the same page.  From realtor.com®: “Your for-sale listing will have the most impact as soon as it is published. That’s when you’re most likely to get fair market value for the home—before people start questioning why your house has sat on the market for so long.” 
     

  • - Consider a remote closing, especially if you are so far away that when it comes time to close on the property, you have to spend a lot in travel costs. 
     

  • - Consult your insurance agent before you move, as your homeowner’s insurance will need some changes on your policy, as the house will be vacant. 
     

  • - Leave the electricity on, and have timers on outdoor lighting, and in a few rooms inside.  Keep your security system in place, as well. 

 

Be wary of cash offers that aren’t through your real estate agent, as well as calls from those who call themselves investors.  Smart scammers see an empty house and know that the sellers are eager to move on.  In case the sale doesn’t happen within a certain time frame, talk to your agent about whether leasing or renting is a good idea for you.  Just keep in mind that your situation needs a REALTOR® with experience and confidence to handle the transaction. 

 

Courtesy of Chester County PA Realtor Scott Darling.

 

Photo credit: nasbc.co

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Understanding a Home Appraisal

Monday, July 1, 2019
by Scott Darling


During the selling/buying process, after the purchase agreement contract is signed, lenders order a home appraisal.  They want to be sure that the property is worth the mortgage they are getting ready to issue to the buyer, or in case of refinancing, the owner.  An appraisal is different from the home inspection, which should have already taken place.   

 

  • - The lender typically schedules the appraisal with a licensed professional, who contacts the homeowner to schedule a time.  Some appraisers don’t mind the owner being present, but usually work alone. 
     

  • - Sellers should have a few things readily available:  recent tax information, property survey, a list of what is being sold with the house, any addition construction information, including cost and construction date. 
     

  • - The assessment can begin before the appraiser even steps onto the property, as they do market information about the house, as well as research comparable sales in the neighborhood, much like the listing agent did for setting the price for the house. 
     

  • - Like someone viewing the house for purchase, the appraiser takes in the exterior appearance, curb appeal, looks for upgrades or additions, as well as the appearance of surrounding homes. 
     

  • - The appraiser takes note of how many rooms are in the house, as well as size, building materials and finishes. 
     

  • - Condition of everything is taken into consideration, including the foundation, exterior finishes, wear on flooring, what shape the windows are in, and all home systems. 
     

  • - The appraiser will also access the basement, attic and crawlspace to check for water or insect damage. 
     

  • - Most of the time, the appraisal fee is set in the loan agreement, but in case it is not, the buyer pays the fee in the closing costs. 

 

Although the actual property inspection may take a few hours, the appraisal itself is normally given to the lender in an average of seven business days. Appraisers commonly use the Uniform Residential Appraisal Report. If everyone has done their homework, literally and figuratively, the value of the home will meet the selling price, and the new buyers will soon be on their way to home ownership! 
 

Courtesy of Chester County PA Realtor Scott Darling.

Photo credit: thebalance.com

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Before You List Your Chester County PA Home...

Friday, April 5, 2019
by Scott Darling


It’s time to get ready to put your home on the market, and there are some things to think about before you have it listed.  There’s work to be done, and some dos and don’ts that should be taken into consideration if you want your home to sell! 

 

  • - The exterior of your home is the first thing a potential buyer sees; paint the siding, if necessary, and make sure the roof is in great shape.   

  • - Clean up the yard, front and back, and add some seasonal plantings for color. 

  • - A deep clean inside is necessary.  Wash windows, (inside and out), walls, draperies, scrub the bathroom’s every cranny, and shampoo the carpets. 

  • - If you have pets or a smoker in the home, a professional clean may be necessary, or even a new coat of paint on the walls. Pet odors and cigarette tar stay on everything.  Ask a friend or neighbor to come in and do a smell test and tackle any issues that they share with you. 

  • - Deciding what colors to paint the walls shouldn’t be of your personal taste.  Choosing neutral colors is best, and don’t stop at the living areas walls--paint every room. 

  • - Check all the doorknobs, and if any are sticking or simply not working, replace with similar hardware, or replace all of them.  It’s also important for all the exterior door locks to be in proper working order and replace any that aren’t. 

  • - Major repairs or restoration should be done by a pro or an experienced DIYer.  If you choose not to make a repair that you know is needed, you’ll have to be up front to your agent, make the needed fix is listed in your disclosure, and be ready to lower your selling price. 

  • - Sellers want their home to stand out, but don’t overdo it!  Using generally popular fixtures and finishes is better than going with the latest trend. 

  • - Even if your storage space is limited, make it appear like there’s plenty of room.  Remove seasonal clothing from closets, as well as occasionally used kitchen gadgets from cabinets and counters, and put them in storage with the rest of your things. 

  • - Consider staging, and if you can’t afford to go full scale, find a designer that will use your furniture and decorative pieces to maximize space, as well as have it looking its best. 

 

Lastly, don’t go it alone; find a RealtorⓇ that knows all that you don’t about selling your home.  Using an agent gets your home “out there,” and will make the process easier for you as well as for the buyer.   

 

Courtesy of Chester County PA Realtor Scott Darling.

Photo credit: realtor.com

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For Sale By Owner for Sellers and Buyers

Tuesday, March 12, 2019
by Scott Darling


Some homeowners think they’ll be saving a ton of money by choosing to sell their home themselves, and unless they’re a real estate agent, that may be so.  If you are interested in a house that is offered for sale by the owner (FSBO) what’s the risk for you?  Read on to find out why it’s not a good idea for seller or buyer: 

 

Sellers 

  • - According to realtor.comⓇ, the listing agent and buyer’s agent split about 6% of the home’s sale price.  You’ll need to calculate how much it costs you to stage and photograph your home, get an MLS number, market the house, take time from work to schedule showings as well as host the showings, do all of the paperwork involved, and contact and pay attorneys and others who are involved in a home sale, and compare it to the commission you believe you’ll give up to an agent.   

  • - To be fair, the seller should offer a 3% commission to the buyer’s agent.  Otherwise, most agents won’t bring anyone who’s interested to your home for a showing. 

  • - Sellers are responsible for any mistakes that have occurred once the transaction is in motion.  If you don’t purchase errors and omissions insurance, you may end up paying out of pocket in court or settle out of court for those mistakes. 

  • - Pricing your home takes more than just an online search for sold homes in your area, and not only can you overprice your house, but you can lose thousands by underpricing. 

  • - Scammers abound and can cost you in many ways.  These criminals target FSBO homeowners, because the scammers are savvy enough to make their offer look legitimate.   
     

Buyers 

  • - Beware the owner’s asking price.  Since the majority of FSBO sellers don’t have the experience to set a good market value on their home, their quote will likely be too high. 

  • - Be prepared to wait some time to see the home.  Most homeowners have full-time jobs, and you’ll have to view the home on their time, with them as your host. 

  • - If a seller tells you their house is in perfect condition, and you can save money by not hiring an inspector, walk away.  Every house even brand-new houses should be inspected before changing hands. 

  • - Ask the seller what fees they plan on paying, and in the case that they ask to share the costs with you, it’s time to find another house. 

  • - Do your own research on the house, make sure the person you’ve talked with is the actual owner, and proceed with caution.  There are scams that involve an empty house, FSBO signs, and scammers who will take your money and run, because they aren’t the rightful owner. 

 

The best advice: hire a RealtorⓇ.  Not only are they the ones taking the risk in selling your home (or not), licensed real estate agents know everything you don’t know about selling and purchasing, devote all their working hours to home-buying, and can protect your investment as well as a buyer’s interests.   

 

Courtesy of Chester County PA Realtor Scott Darling.

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Real Estate Disclosures and You

Friday, December 7, 2018
by Scott Darling

Zillow.com defines the term disclosure as “...the buyer’s opportunity to learn as much as they can about the property and the seller’s experience in it.”  In most states, this simply means that the seller must let the buyer know about problems that they are aware of.  Whether you’re selling or buying a house, disclosing issues with the house is an extremely important part of the process.  

 

What Disclosure Means for the Seller 

  • - Your listing agent will provide a form for you to fill out, answering questions with either yes, no or I don’t know about different aspects of the house.  This form should be filled out truthfully and to the best of your knowledge. 

  • - Items that most states ask you to disclose to the buyer:  lead paint or asbestos, previous repairs or additions, mold or water damage, pest issues, drainage problems, foundation cracks, problems with HVAC and other appliances, and if the roof is leaky. 

  • - If you think there might be a problem, say possible mold in the crawlspace, have an inspector come and have a look.  It’s better to be safe than sorry here. 

  • - While you’re going over the disclosure form, if you’re not sure if you should report something, report it anyway.  It’s best to err on the side of caution. 

  • - Have the disclosure ready before you’ve accepted an offer for your own protection. 

  • - Your listing agent will be aware of all government disclosure requirements--federal, state, and local--so be prepared to report all that these laws ask of you. 

 

Disclosure and the Buyer 

  • - Once you receive the disclosure statement, go over it carefully and ask questions if you’re not sure about anything listed, because you must sign the disclosure. 

  • - The extra expense of having an official inspection done on the house is vital to this part of the sale.  Have the disclosure form information with you when you meet the inspector at the house, so you can go over the problem places with a pro. 

  • - In the case of any additions to the home, check the local government building permit and zoning information to make sure the addition was done the legal way by licensed people. 

  • - If you have any issues with the seller’s answers on the disclosure statement, and don’t want to make the repairs, and can’t come to an agreement with the seller, it may be best to walk away and look for another house. 

  • - Once you are satisfied with the disclosure and have the peace of mind that the sale should go through, sign off on the disclosure. 

 

A disclosure should be a seller’s protection plan, and smart sellers will be completely honest, and maybe even over-disclose.  Also, be aware that some states even ask sellers to disclose things like traffic noise, and even paranormal activity!  Your Realtor will know everything you need to provide to buyers, so the sale of your home goes smoothly.

Courtesy of Chester County PA Realtor Scott Darling.

Photo credit: nestiny.com

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Easy Updates Before You Sell in Chester County, PA

Wednesday, May 30, 2018
by Scott Darling

Once you decide to sell your home, you want it to look its best, and a total remodel may be out of your budget.  Thankfully, there are some quick and affordable updates to add to your home to give it some extra style and character, not to mention the added value! 

 

  • - You can add crown molding to your rooms with little carpentry know-how.  Plaster-covered foam molding is available in many styles, and anyone with a measuring tape, hand saw and some paint can install it.  This Old House has a how-to for this easy update. 

  • - Clean up and, if necessary, paint your front entry door.  Add a new light sconce, and get a new welcome mat. 

  • - Electrical outlets are usually not something you think about upgrading, but outlets with a built-in USB port are available at home centers, and are impressive to potential home buyers because of the convenience they offer.  Put them near the kitchen counter, and a few in the bedrooms for easy access. 

  • - Cleaning the grout in the bathrooms, or even re-grouting can make your floor and tile look shiny-new. 

  • - Upgrade your doors’ and cabinets’ hardware for every room if it’s outdated. 

  • - Paint rooms a neutral color; grey and beige--even a mix called “greige”--are trendy right now if you don’t want all-white walls. 

  • - Add potted flowers or plants to your front entry for a welcome sight--just don’t forget to water them! 

  • - Check your crawl space for any falling insulation, and replace it. 

  • - Change out any dated light sconces and chandeliers. 

  • - A new shower curtain and decorative towels can do wonders for your bathroom. 

  • - The right backsplash in the kitchen can really make it stand out and look like new.  There are many DIY options, and the self-stick products on the market now make this task go much faster for the novice. 

  • - A chair rail and wainscoting in the dining area adds a nice eye-catching architectural detail. 

  • - Most experts advise taking down your window curtains while your home is on the market, but you want some color on the windows. A cornice box is an easy project to try, and cover them with your (now) old curtain fabric. 

 

You want your home to make a great impression as soon as a possible new owner walks to the front door.  Small details can make a big impact on their decision, and as the seller, it’s your call on what makes your home sell.  Walk through with your Realtor, and ask for suggestions from them, as they are the expert.  Tackle what projects are within your budget, and hopefully you’ll soon be reaping the rewards! 

Courtesy of Chester County PA Realtor Scott Darling.

Photo credit: imailhk.com

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Curb Appeal Tips in Chester County, PA

Thursday, April 5, 2018
by Scott Darling

Obviously, the first thing a prospective buyer sees when they drive up to your house is the front outdoor space and exterior.  First impressions can make or break a sale! Bring your curb appeal to life with a few easy and easy-on-the-budget ideas. 

 

  • - Use a long-handled soft brush and mild soap and water to wash the front of your home’s exterior.   

  • - If you don’t own a pressure washer, rent one from your local home store and give the driveways and walkways a good cleaning, paying special attention to stains from fallen leaves. 

  • - Store away any personal items you have in the front garden, like statuary, monogram garden flags, and even the basketball goal over the garage door.  You want the buyers to imagine your yard as their own. 

  • - Trim or remove shrubbery and trees, or large plantings that don’t show off the front of your home.  If the job is too big, a professional may need to be called in. 

  • - Give the front door a fresh coat of paint in a bright inviting color, add a new welcome mat, and if necessary, install new hardware and clean up or add new house numbers. 

  • - Simply changing your old porch or yard light sconces can make a big difference in appearance, as most homes are shown during the day, but many house hunters drive around in the evenings, looking at homes on their want list, so you want the lighting to shine bright. 

  • - If you don’t want to invest in a lot of flowers in the landscape in hopes that you will be moving soon, cover the beds with new mulch.  For some color, place pots and containers in strategic areas filled with flowers and greenery. 

  • - On a large front porch, add a sitting area with an indoor-outdoor rug and casually arranged porch furnishings.   

  • - Fencing adds value to your home, but it needs to be in great condition.  Clean the fence, painting and repairing where needed. 

  • - Don’t forget the mailbox!  Inspect the post and mailbox itself carefully, and give it a good cleaning, or replace it altogether.  Some low maintenance plants around it will make it stand out. 

 

You want your home to give your potential buyers a great impression when they drive up.  They will likely have already scrolled through your home’s photos in the online listing, so it needs to look as great or better than what they’ve already seen.  These tips may seem insignificant to you, but look at your home through a buyer’s eyes, and do whatever is necessary to turn that first impression into a sale! 

 

Courtesy of Chester County PA Realtor Scott Darling.

Photo credit: passionateaboutlandscaping.com

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