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Save The Sale

by Kathy and Michael Rain - The Rain Team

Get Your Home Ready for the Spring Market

by Kathy and Michael Rain - The Rain Team

If you’re planning to put your home on the market during the busy spring selling season, you’ll have plenty of company. Here are a few things you can do to make your home stand out from the crowd, appeal to more buyers and sell quickly.

Clear the clutter. Do you have a closet or two where you stuff rarely used items, or a room that’s hard to navigate because it’s packed with furniture? Take some time and clean things out to make your storage seem more expansive and your rooms look more spacious. To help potential buyers focus on your home instead of clutter, go through each room and decide which items to keep, donate, sell or toss.

Depersonalize. Buying a home is an emotional experience and prospective buyers need to be able to imagine themselves living in yours. That’s hard for them to do if your walls, dressers, shelves and tables are covered with family photos, sports memorabilia and personal knickknacks. Removing these items will help buyers envision your space becoming theirs.

Make improvements. Let’s face it, every home has room for improvement. So, go through yours and think about what minor repairs and changes – such as replacing caulk or grout in bathrooms, updating old ceiling fans and light fixtures or changing doorknobs and switch plates – could make a big difference.

Time to clean. A sparkling clean home will give potential buyers the impression your house is well taken care of. That means deep-cleaning from top to bottom, including windows, window treatments, ceiling fans, countertops, cabinets, appliances, faucets, carpets and floors.

Repaint in neutral colors. While you may love bold, bright colors or be perfectly fine with builder-grade white or beige walls, they will turn off some buyers. To appeal to a broader audience, repaint your walls in warm neutral shades.

Focus on the exterior. Many people drive by a home and decide in seconds whether it’s worth seeing the inside. That’s why it’s so important to make your home’s exterior enticing. Here are a few simple ways to boost curb appeal: touch up paint or repaint if needed; pressure-wash the driveway, front walk and patios; clean out gutters; trim trees and shrubs; weed and freshen mulch and plant new flowers.

If you are considering listing your property this spring, contact a Coldwell Banker Residential Brokerage independent agent today or visit ColdwellBankerHomes.com. A Coldwell Banker® affiliated agent can provide guidance and advice as you prepare to sell your home.

7 Important Repairs To Make Before Selling A House

by Kathy and Michael Rain - The Rain Team
As a smart seller, you’ll want your home in tip-top shape — but you don’t want to eat into your profits by overspending on home improvements. You won’t be around to enjoy them anyway. The key is to focus on the most important repairs to make before selling a house to ensure every dollar you spend supports a higher asking price.

 

“Smaller and less expensive updates in combination with good staging will have a great return,” says Colorado Springs agent Susanna Haynie. But how do you know what things to do before putting your house on the market? Prioritize these updates — and consider letting the rest go.

#1 The Most Important Repair to Make Before Selling: Fix Damaged Flooring

Scratched-up wood flooring; ratty, outdated carpeting; and tired linoleum make your home feel sad. Buyers might take one step inside and scratch the property from their list. Want to know how to increase the value of your home? Install new flooring.

“Replace what’s worn out,” says Haynie. “Buyers don’t want to deal with replacing carpet, and giving an allowance is generally not attractive enough. Spring for new, neutral carpeting or flooring.”

If your home already has hardwood floors, refinishing does the job. Expect to spend about $3,000 on the project — and recoup 100% of the cost, according to the “National Association of REALTORS® Remodeling Impact Report.”

Consider swapping any old flooring for new hardwood. This project costs more at around $5,500, but you could recoup more than 90% of that at resale. If that’s not in the budget, any flooring update makes an enormous difference.

#2 Fix Water Stains

You’ve learned to live with the results of a long-fixed plumbing snafu, but for buyers, a water stain suggests there could be a dozen pesky problems hidden beneath the surface. That’s why this is one of the things to do before putting your house on the market.

“No buyer wants to buy a money pit,” says Haynie.

First, make sure the problem is fixed: Bring in a plumber to look for leaky piping or poor yard drainage if your basement is damp. Diverting rainwater from your foundation may cost as little as $800, and repairing a leaking pipe costs approximately $300.

As for the repair work, replacing a water-stained ceiling runs about $670, and drywall costs around $1.50 per square foot.

All are cheaper than a lost sale.

#3 Repair Torn Window Screens

So super inexpensive — and even DIY-able. You can purchase a window screen frame repair kit from a home improvement store for $10 to $15.

Considering the simplicity of this repair, making the fix is always worth it — and so are other small but highly visible issues. When you’re debating how to increase the value of your home, nix any small problems, snags, or ugly spots that might make buyers scrunch up their brows.

#4 Update Grout

Is your grout yellowing or cracked? Buyers will notice. New grout, on the other hand, can make old floors look like they came straight from the showroom.

“The best return-on-investment projects before selling a home involve making a home look like new,” says Malibu, Calif.-based agent Shelton Wilder. She recently sold a home above asking price after a complete re-grout.

This is another small fix with a big impact: Simple bathroom re-grouting may cost just $1 to $2 per square foot, increasing to $10 per square foot for more complicated jobs. And if you’re handy, you can save even more DIY-ing it.

#5 Resuscitate a Dying Lawn

Nothing says, “This one’s gonna take some work” like a brown, patchy, weedy lawn.

Fixing the problem doesn’t cost a ton of money — and you’ll get it all back (and then some!) once you sell. Hiring a lawn care service to apply fertilizer and weed control will cost about $375. Once you sell the home, that comparatively cheap fix could recoup $1,000. That’s an unbeatable 267% return on investment.

#6 Erase Pet Damage

Did your (sort of) darling kitten scratch your bedroom door? Fix the damage before listing your home. Otherwise, buyers may consider the scuffs a canary in the coal mine.

”If you have pet damage, buyers will [then] look for pet stains on the floor,” says Haynie.

Refinishing a door costs between $100 and $215 (or less, if you’re willing to DIY). Replacing pet-damaged carpeting or hardwood may be a bigger job than buffing out some scuffs — but it’s worth the cash.

#7 Revive an Outdated Kitchen

A full kitchen renovation is rarely worth it when it comes time to sell — even though buyers love a fresh look. “Kitchens are still one of the most important features for buyers,” says Haynie.

The problem is, this $65,000 upgrade isn’t something that buyers will pay you back for. Sellers recoup about 62% of a full-on kitchen renovation. If you’re updating the space just for your sale, focus on low-cost, high-impact projects instead.

“Updating the kitchen doesn’t need to be expensive,” says Wilder. “Painting wood cabinets, updating hardware, or installing new countertops or appliances could be enough.”

Setting up your home for selling success doesn’t have to be expensive. Focus on the most important repairs to make before selling a house by picking projects that do more than look pretty. Choose updates that get your home in selling shape and justify a higher asking price.

Photo by Renee Asmussen on Pexels

Don't Go Solo

by Kathy and Michael Rain - The Rain Team

Six Reasons Why The Holidays Are A Good Time To List Your Home

by Kathy and Michael Rain - The Rain Team

What's In A Home Value?

by Kathy and Michael Rain - The Rain Team

It’s common knowledge that location, crime, and neighborhood comps affect a home’s value. But what are some of the more invisible factors that influence sales price?


Summer Time

by Kathy and Michael Rain - The Rain Team

Sellers Remain in Driver’s Seat

by Kathy and Michael Rain - The Rain Team

The lazy days of summer may be here, but it’s a busy season for the real estate industry. Home buyers are out in force looking for new homes, but fewer “For Sale” signs are popping up in neighborhoods across much of the nation, creating stiff competition for those seeking their dream homes.

This spring’s home-sale numbers reflect the continued housing inventory shortage. In May, existing-home sales decreased modestly, according to the National Association of Realtors® (NAR). Existing-home sales dropped by 0.4% from April and 3% from a year earlier to a seasonally adjusted rate of 5.43 million, NAR reported.

New-home sales are faring much better. Sales of new single-family houses climbed 6.7% in May, the highest level since November 2017, according to the Commerce Department. Construction of new homes is expected to increase 10% this year, to about 1.3 million new single-family homes, but that still won’t be enough to keep up with the growing demand, said Lawrence Yun, NAR chief economist, in an interview with CNN Money.

Besides low inventory, buyers are facing a gradual rise in loan interest rates, which have been trending slightly higher throughout 2018 and are expected to continue increasing the rest of the year. So, despite the tough competition, if you’re thinking of buying a new home this year, now is a good time to start.

Here are a few more reasons why the summer of 2018 is a great time to sell:

NAR’s latest Buyer Traffic Report shows that buyer demand remains very strong in most parts of the country. Buyers are ready and able to purchase, with multiple buyers often competing for the same home.

NAR’s Realtor® Confidence Index showed that properties were typically on the market for just 26 days in May, giving homeowners time to sell quickly and get settled in a new home before kids return to school.

More buyers are getting pre-approved for loans before beginning their home search, making the selling process much faster and simpler. According to Ellie Mae® Origination Insight Report, the average time it took to close a loan in April was 41 days.
With trees, flowers and other plantings flourishing, curb appeal is typically at its peak during the summer.

To make the most out of your summer real estate goals, it is vital to choose an experienced local agent with the resources and tools to guide you through the entire process, so contact The Rain Team today.

Photo By Mark McCammon On Pexels

Bay Area home prices soar to new record

by Kathy and Michael Rain - The Rain Team

April 24, 2018  | San Francisco Chronicle

The median Bay Area home price surged to an all-time high of $820,000 in March, up 9.3 percent from February and up 14.7 percent from March of last year, research firm CoreLogic reported Tuesday.

The previous peak was $784,000 in November. The report includes newly built and existing homes and condos sold in all nine counties. For the past six months, the median price has risen 12.8 percent year over year on average.

For the fourth consecutive month, Santa Clara and San Mateo counties showed the steepest year over year gains: 33.6 and 25.7 percent, respectively.

See The Full Article

5 Common And Costly Mistakes To Avoid When Selling Your Home

by Kathy and Michael Rain - The Rain Team

Displaying blog entries 1-10 of 14

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The Rain Team
CA# 01169588 | CA# 01125976 | CA# 01908304
248 Main Street, Suite 200
Half Moon Bay CA 94019
Michael: 650-888-6361
Kathy: 650-888-6903
Fax: 866-396-0207

Kathy and Michael Rain of Coldwell Banker provides real estate services in the San Mateo County, California area including the surrounding communities: El Granda, Half Moon Bay, Montara, Moss Beach, Pacifica and San Mateo. Search for homes in San Mateo County. We list and sell residential real estate, investment properties, vacant land, lots for sale in the San Mateo County, California area.

Licensed in the State of California

Kathy Rain - CA BRE# 01169588 | Michael Rain - CA BRE# 01125976 | Coldwell Banker - CA BRE# 01908304  

Email: therainteam@coastal-realestate.com
Cell Phone: (650) 888-6903 * Direct Phone: (650) 712-0411
San Mateo County Real Estate and Homes for Sale

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