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Staging Tips to Make Your Home Look Bigger

Staging a home is about making the best possible first impression on prospective buyers. Keep in mind though, that it is real life. Buyers will overlook the wedding portrait hanging in your bedroom and the fact that you have a trash can in your kitchen (as long as they can’t smell it!). The best way to stage your home is to make it look more spacious and free from clutter.

Here are three staging tips that will help make your home look larger:

1. SWAP COLORS FOR NEUTRAL TONES. White, grey, and beige are your friends when staging your home. Swap brightly colored curtains or bed linens for white ones (even in the kids’ rooms!). Target and Ikea have some super affordable options. Painting the walls lighter can make a room appear bigger, too.

2. SWAP DARK OR MOODY ARTWORK FOR MIRRORS. If you want to make a room feel larger, hang a mirror on the wall! Not only do mirrors reflect light, but they also reflect the view, which tends to lend a perception of more space.

3. CLEAR A PATHWAY. Even if you love the end table you have next to the sofa, excess furniture may make your space feel cluttered. Buyers might not fall in love with your great-grandmother’s antique sewing table, but they will fall in love with your open floor plan and layout.

dining room

Home Projects with Maximum ROI

Do you ever come home to your perfectly nice house and just have the urge to redesign all the things? Sometimes I think about __________ or __________ (redoing our kitchen/finally putting a spa tub in the master bathtub/building a pool).

If you have the urge to make some changes to your home this year, it’s always good to keep ROI in mind. Sure, there are plenty of projects that are purely for enjoyment (like that spa tub!) but here are a few home improvements that can actually improve the resale value of your home:

  • 🔨 Minor Kitchen Remodel
  • 🔨 Minor Bathroom Remodel
  • 🔨 Exterior Improvements
  • 🔨 Garage Door Replacement
  • 🔨 Paint in a Neutral Palette

What is one home improvement project that you would love to tackle this year, practical or not?

house painting

How to Know When You’re Ready to Sell

Here are a few things to consider when you are preparing to sell your home.

1) How fast are you willing to move? Although there are no guarantees that your home will sell quickly, don’t list it “just to see what happens” and then find yourself scrambling to find an Airbnb while you finish up your home search. If you are planning to sell, what is the next step? And are you ready to make a move if you get an offer right away?

2) What is your budget for a new home? If you’re selling – and especially if you’re selling for the first time – remember that you will be responsible for the costs involved with selling – including any necessary home repairs, closing costs, and moving expenses.

3) What will you need to do to prep your home for sale? If you’ve lived in your home for years and haven’t made any updates, you may need to do some minor renovations. Think about what you’re willing to change, and if you make all of these changes, if you’ll still want to sell or if you’d instead enjoy your updated home for a few more years.

Once you’ve considered all three, give us a call, and let’s get your home sold! Chris 480-754-9077 & Cheryl 480-754-9477

5 Outdated Real Estate Tips

There are many real estate myths out there that need to be debunked! Here are five pieces of real estate advice to IGNORE:

1) MYTH: Spring is the best time to sell. FACT: The best time to sell is when you’re ready. Don’t rush a major decision when there are perks to selling your home at all times throughout the year.

2) MYTH: FSBO saves you money. FACT: Real estate agents are experienced and knowledgeable about home pricing. A good agent can help you get more ROI on your investment.

3) MYTH: Higher list price = higher offer. FACT: Pricing your home accurately will generate interest among the right buyers, and may even lead to a competitive bid and higher offer price!

4) MYTH: Open houses sell homes. FACT: Open houses can be a helpful tool, but your agent should have a broader marketing strategy that also includes social and digital marketing.

5) MYTH: The first offer is always the best offer. FACT: Lots of factors come into play here — contingencies, closing date, down payment amount. Review all the terms of every offer — don’t just pick the highest offer price.

Have more questions? Give us a call, we are here to help! Give us a call, we are here to help! Chris 480-754-9077 & Cheryl 480-754-9477

Staging Your Home to Sell

Why would you need to stage your home in a seller’s market? It’s simple: according to a 2021 study on home staging by the National Association of Realtors, 82% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home. When you’re presenting your home for sale, you’re not selling what it is, you’re selling what it could be. Any new homebuyer is going to be looking for a place to make their own. The best way to help them see that potential is to keep it clean, uncluttered, and at its most charming. While professionally staged homes can sell faster and fetch higher offers than homes that are vacant, that doesn’t mean you need to pay lots of money for a professional stager. Here are a few ways to bring your home to life, with or without the pros:

  • Create a coffee corner: Do you love curling up in your breakfast nook to catch up on email with your AM coffee before the rest of your household wakes up? Your buyer will love it, too! Create a welcoming space on a sideboard table in the kitchen with your coffee maker, coffee beans in pretty canisters, your favorite mugs and even a cute sign or accessory.
  • Set the dining room table: pretend you’re having a casual dinner party and set your dining room table for guests. You don’t need to break out the good china, but a simply set table with some seasonal cloth napkins and a pretty centerpiece will help your potential buyers imagine entertaining their own family and hosting holidays at the table.
  • Make your primary bedroom extra cozy: replace über feminine or masculine bedding with a neutral beige or white duvet and matching sheets, blankets, and throw pillows. Remove any furniture aside from your bed and bedside table. This makes your room look more spacious and will give it a barely-lived-in luxury hotel room vibe.

For more tips, give us a call, we are here to help! Chris 480-754-9077 & Cheryl 480-754-9477

Home Design Hacks

Our favorite 6 home design hacks when staging your home to sell:

1-Enlarge a room with rugs: While small rugs can make a room feel disjointed, a large area rug can make a room feel instantly larger and more spacious. Not only do they make beautiful tactile features, but they’re great at zoning open-plan living rooms too. Remember, all of the furniture in a functional area should be able to fit on the rug, or at least the front legs of any larger pieces if this isn’t possible.

2-Makeover worn metal with spray paint: If you have a metal-framed side table or desk that’s a little worse for wear, give it a new lease of life with spray paint. Select a bold statement shade to bring the piece up to date. (Remember to choose a well-ventilated space to get to work.)

3-Lower pendant lighting: If you want to add space and volume to a room, utilize its vertical space. Long pendant lights that hang down lower than normal can make a room feel elongated and airy. If hung extra-low, make sure they’re positioned over a side table or sideboard and away from thoroughfares to prevent any accidents.

4-Raise the curtain rail: It’s common practice to hang your curtains just above the window frame. However, simply raising your curtain rods by a foot or two will make the room feel taller and more spacious. Measure the curtains to hang at floor length and add coordinating blinds for the ultimate high-end window dressing.

5-Give the fireplace a facelift: Fireplaces can make great focal points. If yours is looking a little worse for wear, there are a few simple steps you can take to give it a modern facelift without losing its charm. A fresh coat of white paint can work wonders, while graphic tiles can elevate a lackluster hearth.

6-Maximize light with mirrors: If your home interior has a tendency to feel dark and dingy, try adding mirrors near lamps and light fixtures. They’ll reflect the light and make your room look bigger and brighter.

Need more home staging tips? Give us a call! Chris 480-754-9077 & Cheryl 480-754-9477

Price Your Home to Sell

Here’s a reminder for anyone who needs it: pricing your home competitively is the most important part of your marketing strategy.

Even though it is a seller’s market, an overpriced home is not going to sell. Sometimes the best strategy is to price a home ever-so-slightly *below* market value to increase the likelihood of multiple offers. In a situation with multiple bids and buyers competing against one another, you’ll probably wind up selling for over-list price.

Of course, the best price for your home is going to depend on a lot of factors: market trends, local data, what comparable properties in your neighborhood are selling for, and what kind of updates you’ve made to your home.

If you’re interested in taking a peek at what your home is worth, give us a call, and we’d be glad to run some comps for you. Chris 480-754-9077 & Cheryl 480-754-9477

3 Expert Tips on Making the Most of a Favorable Market

Good news: whether you’re thinking about buying or selling, there is still plenty of time to take advantage of the low-interest rates and high buyer demand. While sellers are positioned slightly better than buyers with the demand for homes higher than the supply, there are still some complexities involved in getting to the closing table. Here are a few things that we want you to keep in mind to help you make the most of the real estate market, whether you’re entering it as a buyer or seller:

1-Start the process as early as you can to allow for the unpredictable. For buyers, that means having a pre-approval letter in hand before you start house hunting. For sellers, be sure to meet with a real estate agent a few months before you want to sell so that you can develop a game plan.

2-Speaking of game plans, it’s important to have one if you’re buying or selling. If you’re buying a new home, decide what you are willing to compromise on. If a backyard, garage, and fireplace are non-negotiable, will you settle for a smaller kitchen and no extra bedroom? If you want to sell your home and buy a new one, remember that the market is competitive for buyers. I’ve seen home sellers list their homes, only to be unable to find a new one. Do you have a contingency plan in mind, whether it’s a short-term rental or staying with family?

3-Finally, think about what you will do if you find yourself in a multiple offer situation. As a buyer, are you comfortable offering over asking? Including an escalation clause? How much earnest money are you prepared to offer? As a seller, think about whether you’re going to take the highest offer or if you’ll consider other benefits like a fast closing or lease-back until you find a new home?

These are all questions we can help you answer during our initial consultation. If you’d like to start planning your real estate goals, give us a call! Chris 480-754-9077 & Cheryl 480-754-9477

Selling Your Home During the Holidays

Don’t let selling your home during the holiday season dampen your holiday spirit. Create a buyer-friendly home with these seasonal staging tips.

  • A few subtle touches like pinecone centerpieces and an evergreen wreath can create a warm and festive feeling in your home. Avoid overtly religious items, this may be off-putting to some buyers.
  • Make sure your holiday decorations match your current decor. If your family room has a clean blue and white color scheme, then skip the clashing red garland. If you have an earthy color scheme, then accent with rich tones like cranberries, forest greens and gold.
  • Too much can distract buyers, but the right amount of accessories can draw attention to your home’s best features. Try hanging a few tasteful ornaments from your mantel to highlight an elegant fireplace.
  • Go light on the lights and leave the inflatable snowman in the storage room. Instead, use simple string lights to play up your home’s architecture or draw attention to your landscaping.
  • If your living space is small, then save space with a skinny Christmas tree. Swap the kids’ homemade ornaments for cohesive themed ornaments such as all red and gold, or icicle lights and silver tinsel.

Contact the us when you are ready to sell your home or do some holiday home shopping! Chris 480-754-9077 & Cheryl 480-754-9477

Functional Obsolescence in Real Estate

In real estate, the term “functional obsolescence” is defined as “the impairment of functional capacity of a property according to market tastes and standards.” In simpler terms, this essentially means that there is a reduction in the property’s desirability, typically because of an outdated design feature that cannot easily be altered or changed. This leads to a lower appraisal and a loss of property value. 

Real estate can exhibit functional obsolescence if its design features are outdated, not useful, or not aligned with market tastes and standards, such as when an old house is located within a neighborhood of new homes. 

While functional obsolescence is generally associated with rundown structures or dilapidated neighborhoods, it can also occur in the opposite case. For example, a home may have “over-improvements” when a homeowner renovates and includes features within their home that might not be necessary.

Curable Obsolescence

Curable functional obsolescence refers to any deficiency that can be cured by the property owner. For example, if physical depreciation can be fixed by updating, repairing and renovating the subject property, then the obsolescence would be considered curable.

Incurable Obsolescence

Incurable obsolescence is when the deficiency causing the obsolescence is too costly, impractical or impossible to cure. In these cases, the deficiency is often a factor that the property owner has no control over, such as being on a busy road or under power lines.

Superadequacy  Obsolescence

The final type of functional obsolescence is known as superadequacy, this is essentially the opposite of a deficiency. Superadequacy happens when the homeowner over-improves the property for the neighborhood. 

How Much Can Functional Obsolescence Impact Property Value?

If the obsolescence is due to a deficiency, it will undoubtedly lead to a decline in the valuation of the property while curable functional obsolescence will not affect the property value as much. In situations of a superadequacy, it is most likely the homeowner will not be able to get enough money out of the investment to cover the cost of the improvements made. 

Ultimately, functional obsolescence creates problems even before we get offers on a home because there will be less traffic through the home resulting in more days on market, leading to only receiving low ball offers. Thus, preventing the homeowner from achieving top dollar.