RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Preparation Is Key for Buying or Selling Home

March 24, 2017 1:48 am

Whether you’re buying or selling a new home, preparing well in advance is crucial to a successful transaction. In fact, of over 13,000 U.S. residents surveyed, the number one regret for both buyers and sellers was not starting their home search or prepping their home to sell soon enough. 

The Zillow Group Report on Consumer Housing Trends reveal strategies for how to buy and sell in today's highly competitive market.

Buyers

Keep your options open. More than half (52 percent) of buyers said they also considered renting, and more than one third (37 percent) of first-time buyers seriously considered continuing to rent. Savvy shoppers will have a Plan B in place, hoping to buy if it works out, but willing to sign a lease for a home if they don't make a deal by the time they need to move.

Be realistic with your budget. Once you set it, stick to it: first-time home buyers are more likely to exceed their budget than repeat buyers (39 percent vs 26 percent). Before you meet with a lender to determine how much mortgage you'll be approved for, take a good look at your individual finances and spending preferences to determine the monthly payment range that you feel you can comfortably afford.  

Get your financing squared away early. Plan to meet a few lenders four to six months ahead of when you're planning to buy to ensure you can make a competitive offer quickly when you find your dream home. The majority (82 percent) of buyers get pre-approved, with 77 percent getting pre-approval from a lender before finding a home on which they are interested in placing an offer.

Find an agent with a winning track record. Take the time to find an agent who has expertise in fast negotiation, leveraging escalation clauses, and winning bidding wars. Only 46 percent of buyers got the first home on which they made an offer, demonstrating that competition is now part of the process.  

Communication is key. Make sure your preferred method – and frequency – of communication matches that of your agent. One third (33 percent) of all buyers preferred phones call with their agent over emailing (21 percent) or texting (15 percent). Buyers can use the agent reviews on Zillow to learn more about prospective agents and their clients' experiences. 

Sellers

Start early and be strategic. Sellers consider putting their home on the market for five months before they list it. But the top seller regret is that they wished they spent more time prepping for the sale. Many cities have a magic window in the spring when homes have a higher likelihood of selling quickly for more money.

Work with an agent from the start. The vast majority (90 percent) of sellers who sold quickly and for more than list price worked with an agent, and two out of three (58 percent) began working with an agent at the very beginning of their selling journey.

Pay attention to your online curb appeal. The majority of buyers begin their search online. Sellers who sold their home for more than list price made imagery and home information available online: 48 percent had professional photos taken of the home, 30 percent shot video footage and 21 percent even shot drone footage.

Home improvements can be a worthwhile investment. Sellers who fetched above list price tackled home improvement before listing their home, being 50 percent more likely to take on a large project like modifying an existing home plan and 20 percent more likely to renovate a kitchen than the average seller. 

Don't be afraid to try again. In many markets, nearly half of listing views occur in the first week the home is on the market. Twenty-six percent of those who sold above list price took their home off the market once to adjust the sales price, opting to start anew rather than letting the home languish on the market with minimal activity. 

Source: www.zillowgroupreport.com

Published with permission from RISMedia.


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Tips for a Vintage Kitchen Remodel

March 24, 2017 1:48 am

(Family Features)--When you renovate an older home, the goal is not always to replace old with new. In fact, some renovations are all about preserving the past with a design that reflects and pays respect to the yesteryear features that make your home unique.

Whether you're planning a renovation for a 60-year-old home, or working to infuse some retro charm into a newer place, the ultimate goal is capturing the nostalgic feel of older homes: the classic lines, hardwood, moldings and woodwork, and features like fireplaces or stonework, bannisters or windows and doors.

The kitchen can be a particularly challenging room to renovate because the blend of old charm with modern convenience and functionality can seem at complete odds. These ideas from the design experts at Elmira Stove Works can help you combine practical function with timeless features for a room filled with character and purpose.

Keep cabinet facades true to the era. Updating the cabinets is practically a necessity for any vintage kitchen remodel. Although many older kitchens lacked the cabinet space modern homeowners desire, you can still achieve a retro look with ample storage by focusing more on the shape and style than on the quantity. With this approach, you can add as much storage and as many functional amenities as your space allows while still capturing the right look for the era. Opt for sleek and understated styles, or for some extra flair incorporate exaggerated angles and curves common to mid-century design. Material and color options abound, so you're free to go bold and glossy or more subdued.

Design with a focal point in mind. In a retro kitchen, standout elements such as colorful appliances can enhance the space and act as a focal point in the room. Stainless steel has become almost "default" in kitchens from coast to coast. Whether your home is on the beach, in the mountains or in a suburban neighborhood, for those who find beauty in the past, choosing a retro refrigerator or a vintage stove might be a better choice. These appliances act as a major design element in the space, and fortunately there are plenty of options when it comes to retro appliances with exciting pops of color.

Let the details bring it all together. Vibrant color is the signature of any retro kitchen, so don't forget to carry that design element through the space with accessories like dishes, cookbooks and vintage relics that celebrate bygone days. Other details like hardware, small appliances and utensils that harken the past can bring a cohesive look to the kitchen for a seamless style that feels like stepping back in time.

Bringing old character to life can be a tricky proposition when it comes to remodeling, however, with the proper focus on appliances, major features like the cabinetry and small details that make a big difference, you can confidently create a new space that takes you to another time.


Source: Elmira Stove Works
 

Published with permission from RISMedia.


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