Sell Your Home Fast: 21 Staging Tips

Originally posted on Houzz

If you are planning to put your house on the market, it goes without saying that you are hoping to sell your home as quickly as possible and get your asking price. Set the stage for success with these 21 tips for styling and upgrading your home, and see results — fast.

Traditional Exterior by Case Design/Remodeling, Inc.
Case Design/Remodeling, Inc.

1. Boost curb appeal. This is something you always hear, and with very good reason. Many people thinking of touring your home will do a quick drive-by first, often deciding on the spot if it is even worth a look inside. Make sure your home is ready to lure in onlookers with these tips:

  • Power wash siding and walkways (How to Wash Your House)
  • Hang easy-to-read house numbers
  • Plant blooming flowers and fresh greenery
  • Mow lawn, and reseed or add fresh sod as needed
  • Wash front windows
  • Repaint or stain the porch floor as needed

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5 Basic Tips for Investing in Real Estate

According to HuffPost

If you’re just beginning to invest in real estate, you’ll find that there’s a lot to learn. Real estate investing is more complicated than investing in stocks because of the financial, legal, and extensive due diligence requirements involved. That’s why it’s a good idea to give yourself a solid education before you purchase your first investment property.

However, before you get your advanced degree, it’s a good idea to familiarize yourself with the fundamentals. To that end, here are 5 basic tips for investing in real estate.

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Credit Score For Securing A Mortgage

Credit

How to win at the credit score numbers game.

 If you’re considering making the leap to homeownership, there’s more to think about than the curb appeal of those Springfield, IL, homes for sale—the health of your credit score tops the list. To many, a credit score seems like a random trio of numbers determined by a complicated algorithm, but it represents much more to a lender who’s considering whether to approve your mortgage loan. While you may not need a perfect credit score, it’s important to know what you can do to improve your numbers.

A low credit score can indicate you’re a risky borrower, while a high score can significantly upgrade the mortgage terms you’re offered. But even if your score teeters on the edge of dismal, there are steps you can take to speed up the credit repair process and improve your chances of landing a home with manageable loan terms.

Whats the minimum for a mortgage?

The minimum credit score required to receive a loan depends in large part on the type of loan you’re considering. FHA loans have some of the lowest credit score requirements, at 580 with a 3.5% down payment. However, that doesn’t take other applicants out of the running; FHA lenders allow lower scores with a down payment of 10% or more. Veterans Affairs (VA) loans are a bit trickier. While the VA doesn’t have a minimum credit score requirement, VA lenders do—and that number varies by lender. Some lenders require a score of 620, while others might be at 640. The good news? Getting a “no” from one lender doesn’t mean you’re out of luck. For conventional loans, most lenders will look for at least a 620 credit score, according to Chris Hauber, a mortgage loan originator with Hallmark Home Mortgage in Denver, CO. Ideally, however, applicants would need to have a 660 credit score to land a better rate and avoid jumping through additional hoops.

What is a good score?

Beyond approval for a mortgage, the range your credit score falls within can drastically change the interest rate you can lock down—and the amount you’ll pay in private mortgage insurance (PMI), if applicable. For instance, the approximate difference in rates for a conventional loan with a 680 credit score versus a 740-plus credit score could be 0.25% to 0.0375%, Hauber says. But the PMI premium in this scenario would double.

“Once you’re over 740, you’re considered to be in the ‘perfect’ range for mortgages,” adds Hauber. “If you put less than 20% down, however, you’ll need PMI. For PMI, the high bracket in terms of credit score is 760-plus—meaning you’ll pay less in monthly premiums with this score or higher.” In simple terms, a credit score below 700 is likely to be considered “fair” in the world of mortgages. The perfect credit score would be 760 or higher, unless you’re able to put down 20% and skip the PMI, in which case a score of 740 or more would suffice.

 

Find Your Home 

FOR MORE INFORMATION:

The Perfect Credit Score For Securing A Mortgage – Trulia Blog

Cambridge & Somerville 2017 versus 2013

Boston Real Estate 2017 compared to 2013

Cambridge VS. Somerville: “What a difference five years makes! Back in 2013, we were seeing our second year of price increases, after many years of flat market values. Buyers were still trying to get their heads around competitive offer situations and the fast pace of homes going under agreement. Many buyers backed out of the market altogether, choosing to “wait til things cooled down.” Well, so far that hasn’t happened.

Cambridge

The prices have just continued to rise in Cambridge and Somerville. To illustrate this trend, let’s look at a sampling of property types, comparing what a buyer would have paid five years ago, and what they are paying in 2017 so far.”

 

Condo — 1BR/1ba, without parking

Cambridge average price in 2013 — $355,779 / now — $517,210

Somerville average price in 2013 — $284,148 / now — $411,317

Condo — 2BR/1ba, with 1 parking space

Cambridge average price in 2013 — $457,736 / now — $661,452

Somerville average price in 2013 — $364,241 / now — $558,629

Condo — 3BR/1.5+ba, with 1+ parking space(s)

Cambridge average price in 2013 — $954,117 / now — $1,226,190

Somerville average price in 2013 — $608,664 / now — $878,460

Single-family — up to 2000 square feet

Cambridge average price in 2013 — $722,321 / now — $1,026,656

Somerville average price in 2013 — $513,689 / now — $675,858

Single-family — larger than 2000 square feet

Cambridge average price in 2013 — $1,873,406 / now — $2,079,829

Somerville average price in 2013 — $720,800 / now — $1,037,406

2-family properties

Cambridge average price in 2013 — $916,825 / now — $1,437,722

Somerville average price in 2013 — $658,089 / now — $1,043,007

3-family properties

Cambridge average price in 2013 — $1,134,050 / now — $1,695,915

Somerville average price in 2013 — $809,568 / now — $1,214,800

 

Source: Cambridge & Somerville real estate in 2017 versus 2013 – cambridgeville

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RE/MAX Leading Edge | Our Luxury Magazine

About RE/MAX Leading Edge: Luxury Magazine

“Founded in 2001, RE/MAX Leading Edge is one of Greater Boston’s leading full-service real estate companies offering residential real estate services to buyers and sellers. Our two hundred plus highly trained agents serve all of Eastern Massachusetts, Cape Cod and Southern New Hampshire from our strategically located offices in Arlington, Back Bay, Belmont, Cambridge, Lexington, Lynnfield, Melrose, Reading, Somerville, Wakefield, Watertown and Winchester.

Our strong leadership, career development, premier marketing and access to 110,000 RE/MAX agents worldwide results in our agents outselling the competition nearly 2:1. RE/MAX Leading Edge is the largest, fastest growing RE/MAX brokerage in New England and the fourth largest real estate firm in Massachusetts.

RE/MAX Leading Edge is affiliated with RE/MAX INTEGRA, New England and RE/MAX, LLC with a global network of 110,000 agents in 99 countries worldwide.”

Luxury

Step 1: Determine the Market Value of Your Home

“The first step in selling your home is determining its market value. You can see what similar homes sell for in your market here. There are many factors that determine a home’s value including its location, condition, age, recent updates, features and comparable sales in the neighborhood. We are experts in finding that value. Timing and coordinating all the moving parts of a transaction is tricky. Our exclusive Rider is designed to protect your interests at the offer stage. No other company offers this protection.”

Step 2: Prepare Your Home for Sale

“We are connoisseurs of the art of maximizing the equity of your home. We’ll advise you on any improvements, home repairs or even professional staging that best prepare your home for sale. RE/MAX Leading Edge agents know how to present your home so potential buyers want to buy it, NOW.”

Step 3: Attract the Best Buyers

“Once your home is ready for the big reveal we’ll provide the highest level of local, regional and global marketing. Your personal marketing plan may include video, print, open houses, private showings and anything else we believe will benefit your sale. Each plan is custom designed to attract buyers whenever and wherever they are.”

Step 4: Negotiate the Winning Offer

“Once you receive an offer or multiple offers, your agent employs smart strategies based on real experience. RE/MAX Leading Edge agents are skilled at negotiating the strongest offer so that you not only score the best price but also the best terms and conditions on the sale of your home.”

Step 5: Close

“Our brokerage utilizes the latest technology to help make your selling experience seamless and convenient. Once your home goes under contract, your agent will manage every aspect of the transaction through our online transaction management system. From here, your agent will keep you updated on each step of the transaction from home inspection to purchase and sale, mortgage approval and everything else in between, ensuring that you are well informed all the way to closing day.”

 

To see the Luxury Listings Magazine for 2017-Click the link below 

Source: RE/MAX Leading Edge | Our Luxury Magazine

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