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January 2021

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Real Estate Corner…

by Joan Byrnes for Real Estate

Q.  How important is landscaping in buying or selling a house?

A.  Good landscaping can increase your home’s resale value by 14 percent, according to the Associated Landscape Contractors of America.  Better curb appeal may speed up the sale by as much as six weeks. 

Professionals recommend that you invest 10 percent of your home’s value in landscaping.  More than just plantings, this includes structural features such as lighting, outdoor rooms, fences and pools.  Here are some helpful tips:

  • Determine what you need.  Are you landscaping to sell your home or to enjoy the property yourself for the longer term. 

 

  • Get professional guidance.  Depending on the scope of your project and budget, consider hiring an arborist, a landscape designer or a certified landscape architect.  Ask friends for recommendations or search web sites such as the one for The American Society of Landscape Architects.
  • Develop a plan.  Set your priorities ─ what needs to be done (have you solved that drainage problem?) versus what you’d like to do (put in an outdoor entertainment area).  If you take a piecemeal approach, the result will look disorganized and cost you more money in the long run.

 

Q.  What should I know about buying a foreclosed home?   

A.  There are advantages and disadvantages to buying a foreclosed home.  Here are some general tips:

  • See the house in person.   Don’t rely on a low price and internet pictures.

 

  • Conduct a title search.  Find out whether it has a second mortgage or a lien on it. 
  • Get an up-to-date inspection.  Conditions change and older inspections probably no longer apply. 

 

  • Budget for repairs and renovations. Chances are the longer the house has been vacant, the more problems there may be. 
  • Study the neighborhood.  Is the house in a crime area or surrounded by other foreclosures? 

 

  • Get expert help. Work with a real estate agent who is experienced in foreclosures.

Published by: Craig Forte, Service for Life® Newsletter Subscription

 If you have any questions, or need capable and trustworthy representation,

please call Joan at 480.241.7542

Joan Byrnes, SRES

Realty One Group

joan_byrnesmartin@msn.com

www.SunLakesLiving.com

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Will You Be Priced to Sell?

by Joan Byrnes for Real Estate

It has long been a motto of real estate, and the saying goes, “location, location, location.” It’s what sells a property, they say. But recent times have brought to light that the real deciding factor on how fast, or even if, your home sells all comes down to price.

It’s not that buyers are attracted by shiny, new things, but in a sense they are. When a home is newly listed it gathers a lot of interest. The listing agent may send out emails, webcasts, and virtual tours. They launch their entire marketing program. Even the MLS indicates the home as “newly listed.” After a few weeks, however, if no momentum has been built, the home will then face a must steeper challenge on the road to selling.
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Real Estate Outlook: Bumpy Recovery

by Joan Byrnes for Real Estate

What do you make of a market where pending home sales drop, as they did in the latest monthly survey, but many other real estate and mortgage indicators are trending positive at the same time?
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Water Features Enhance Home Appeal

by Joan Byrnes for Real Estate

With the summer months pushing temperatures over 100 degrees in some areas and humidity leaving drips of perspiration on people’s brows, it might be time to consider a water feature to help enhance your home’s appeal.

I’m writing this from the desert and everywhere you look, flowing, glistening, and pleasant-sounding water pours from fountains on commercial and home properties. It’s alluring, welcoming, and calming. When it comes to selling your home, a water fountain can help to create a peaceful and enjoyable experience. It can also help to drown out noisy children playing nearby.
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If You Want to Sell Your Home, Don’t Make These Mistakes!

by Joan Byrnes for Real Estate

I usually write about the things you should do when you want to sell or buy a home. Sometimes there are suggestions mixed in about what not to do and that’s the foundation of this week’s column. It’s pretty easy to get caught up in looking forward to where you’re going to relocate next when your home sells. However, let’s not put the cart before the horse-Most of the time sellers-need or want to sell their current home in order to make that transition into the new one.
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What Is Your Home Worth?

by Joan Byrnes for Real Estate

Market value is the main concept you must understand when determining the value of your home. But what is it and how can it help you price your home?

What is market value?

Market value is the amount prospective buyers are willing to pay at the time homeowners are ready to sell. The best way to find out the market value of your home is to ask me for help.  You will be able to decide what the best price for your home is by allowing me to provide and discuss with you a Comparative Market Analysis (CMA).

What is a CMA?

The CMA will include homes in your area that are currently on the market, expired from the market, pending a sale and already sold within the last three to six months. Of course, the best indicator of your home’s value is the price for similar homes in your area that have already been sold. The comparison is based on the proximity to your home and the similarity of characteristics such as lot size, square footage, number of bedrooms and baths, etc.
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