Tips on Selling an Older Home
Posted by Admirals Cove Homes on Apr 16, 2013 in Home, Real Estate | 0 comments
Admirals Cove features a wide variety of homes in different styles, sizes, and years of age. Older homes have personality and character that many buyers are looking for. There is a certain stigma though that can be associated with older homes that could make a buyer nervous. Here are some tips to get people to forget about the possible negatives about selling and buying an older house. Get an inspection- Typically it is the buyer who gets the inspection of the home. If your house is in good condition though, getting the inspection could increase your chances of landing a buyer. Make your major repairs before listing- Even though some people like the task of renovations, most buyers want a home that is already ready to move in. Even though the return on investment on large repairs isn’t huge it could mean the difference between a quick sale and the house sitting on the market for too long. Highlight the time period- The charm of an older home is usually the features it has based on when it was built. Highlighting these certain features and attributes can add to its charm and ultimately attract the right buyer. For home listings in Admirals Cove, visit...
Three Reasons Why the Housing Maket is Recovering
Posted by Admirals Cove Homes on Apr 15, 2013 in Home, Real Estate | 0 comments
For a while now, the public has been hearing about how the housing market is making a recovery. Here is a look at the three key reasons for the recovery. Fewer distressed properties- When the hosing bubble burst, millions of homeowners lost their properties. The result was that the housing market was flooded with distressed properties. The only people interested in these properties were those looking to purchase them for an investment or as a fix-up. Fast forward to 2013 and only 1 out of 5 home sales are for distressed properties. Lack of inventory- Currently, the demand of homes is greater than the supply. This is causing buyers to get into a bidding war with each other and driving up the prices of homes. With the inventory being as low as it is for the first time since 2005 it is quickly becoming a seller’s market. Increased consumer confidence- As the economy starts to recover, it leads to either new jobs or a new sense of job security. People are now more likely to start making large purchases again, including homes. This gives people the confidence to get out there and start looking for their new home. For listings in Admirals Cove visit...
Renovate Your Home Without Getting Overwhelmed
Posted by Admirals Cove Homes on Apr 12, 2013 in Real Estate | 0 comments
Taking on renovations can be very stressful. From dealing with contractors to the general disruption of your day to day tasks it can be a daunting task. Here are some tips for renovating your home. Save up- One of the worst mistakes people make is not saving adequately for the renovation before it begins. Contractors can be known for going over budget and people can find things that they want that are more expansive than planned. Saving more than budgeted will help with some of these issues. Clean up at the end of every work day- All the dust and debris from each day can really add up over time. Cleaning up a little every day can save you a lot of time in the long run then if you let everything build up. The best way to keep up some sort of normalcy in your home during a renovation is to keep it as clean as possible during the entire process. Avoid doing more than one room at a time- One of the common misconceptions is to get all your renovations done at once. Although it might seem never ending, doing everything at once means no place to escape to if you want to get away from everything. For home listings in Admirals Cove visit...
Signs You Are Ready to Buy
Posted by Admirals Cove Homes on Apr 11, 2013 in Home, Real Estate | 0 comments
Figuring out whether you are read to buy a house can be a big decision. Here are some signs that you are ready to buy. You are familiar with the market- If you have been paying attention to how much houses are listed for in the area you are looking at then you are in good shape. If you are not familiar with asking prices in the area you are looking for then you might want to go back and do some more research. Money- If you have the money for a down payment and closing costs then you are ahead of the game. Down payments typically range from 3-20% of the property value while closing costs include taxes, title insurance, financing costs, and items that must be prepaid or escrowed. Credit- Make sure your credit is in good shape and your credit report is accurate. Lenders will view your credit history to determine whether they will give you a loan. For home listings in Admirals Cove visit...
The Art Of House Hunting
Posted by Admirals Cove Homes on Apr 11, 2013 in Home, Real Estate | 0 comments
Searching for a house can sometimes be a tough task. Between budget and size and the neighborhood you want, there are many things to consider when looking for a home. Here are a few tips to help with your house hunting. Prepare a checklist- As you begin your house hunting, prepare a checklist. Your checklist should be split into exterior and interior characteristics. Some of the exterior characteristics might include paint condition, size of the yard, and roof condition. Some of the interior features might include square footage, floor plan, and the size of the rooms and storage spaces in the house. Take a camera- Taking a camera and taking pictures of some of these interior and exterior features will help when you sit down to choose a house after seeing all of the options. Bring someone with you- Bringing a spouse, friend, or family member will give you a second opinion. They might notice a shortcoming or an issue with the house that you might have missed. Remain in close contact with your agent- This is very important, especially if you are in a strong seller’s market. You want a good agent who will alert you of new listings and who will show you the houses as soon as they are listed. For homes available in Admirals Cove visit...