FUHGEDDABOUTDIT | 3 Ways To Avoid Overpricing Pitfalls

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402187Some sellers think pricing their home above what it is worth is a good idea. What could go wrong?

  • A high listing price doesn’t deter buyers because price is negotiable, right?Fuhgeddaboutdit. Buyers are savvy. They know what comparable homes are worth and what they’re selling for at year-end. They might see your home listing online (if it isn’t priced out of their search-price range), but based on its specs, location and price, might simply skip viewing it. And, if buyers don’t tour your home in person, they’re not going to buy it.
  • If buyers don’t like the price, they’ll simply offer less and we’ll still be successful in selling our home.Fuhgeddaboutdit. Buyers often aren’t comfortable offering significantly less than asking price. They are more likely to move on with their money and find another home that is priced reasonably. After all, why offer to buy a home you can’t afford? Others might think they’re wasting everybody’s time bottom-fishing with a huge price reduction.
  • When setting our listing price, we have to clear a specific amount of cash from our home sale.Fuhgeddaboutdit. Buyers don’t care what you need to clear in your home sale. They are focused entirely on your home and what it is worth today—and only today—in the current real estate market. Setting an asking price based on how much you’ve put into the house, how much you need to buy your new home, or what you feel your home is worth doesn’t work with today’s buyers. After all, buyers and the market set market value, not sellers’ hopes.
Categories: Avoid Overpricing, Overpricing a home, Uncategorized, wilmington, wilmington nc, wilmington nc real estate

“Make A Moving Game Plan.” Moving on in…

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The best first thing you can do when you find out you’re relocatichecklist-ng is to draw up a “game plan” for your move. Make lists for everything. List all the tasks you need to accomplish and try to give a reasonable deadline for each task. This will help you to set priorities so you’ll have a clear idea of what needs to get done and by when.

Here are some items to include on your moving “to-do” list:

Six Weeks Before Moving

  • Make an inventory of everything to be moved.
  • Collect everything not to be moved for a garage sale or charitable donation.
  • Contact the charity for date/time of pickup. Save receipts for tax records.
  • Select mover, arrange for exact form of payment at destination (cash, check). Get cartons and packing materials to start packing NOW, unless you have packing services.
  • Contact insurance agent to transfer/cancel insurance coverage.
  • Check with employer to find out what moving expenses they will pay.

Four Weeks Before Moving

  • Notify all magazines of change of address.
  • Check with veterinarian for pet records and immunizations.
  • Contact utility companies for refunds of deposit, set turn-off date.
  • Contact broker in new community to set up utility turn-on date.
  • Service power mowers, boats, snowmobiles, etc. that are to be moved, drain all gas/oil to prevent fire in moving van.
  • Check with doctors and dentist for all family records and prescriptions.
  • Get children’s school records.
  • Remove all jewelry and other valuables to a safe deposit box or other safe place to prevent loss during move.
  • Give away or arrange for transportation of house plants (most moving companies will not move plants, especially in winter).

One Week Before

  • Transfer or close checking and savings accounts. Arrange for cashier’s check or money order to pay moving company on arrival to new community.
  • Have automobile serviced for trip.
  • Fill out Post Office change of address forms, give to postmaster.
  • Check and make inventory of all furniture for dents and scratches, notify moving company of your inventory and compare on final day.
  • Dispose of all combustibles and spray cans (spray cans can explode or burn).
  • Pack a separate carton for cleaning materials and tools.
  • Separate cartons and luggage you need for personal travel.
  • Organize at least one room in the house for packers and movers to work freely.
  • Cancel all newspapers, garden service, snow removal, etc.
  • Review the entire list to make certain that you haven’t overlooked anything. Check and double-check everthing you have done before it’s too late.
Categories: 2-10 home warranty, Moving, wilmington, wilmington beach homes

GARDEN TIPS Your Kitchen Is Ripe For Making Your Garden Grow

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gardentipsDo you have a garden? Or, are you hoping to? If you answered “yes” to either, creating a compost pile in your yard could be a great nutrient-rich resource for virtually no cost.All you need is to collect your food waste (except for dairy, meats and oils) and add that waste to a compost bin or pile, along with a portion of leaves and grass clippings. Over time, the food scraps decompose and create a deep, dark almost-soil-like additive to enrich your garden beds.Simply Google “compost bins” and “compost piles” to see which is right for your habits. Then find a crock, pot or some small container that you keep covered on your kitchen counter or under the sink. Fill with fruit peels, vegetable scraps, old bread, coffee grounds, etc. You can empty this container regularly into your compost pile or bin.Find exact recipes online that explain how much green (kitchen waste and plants) and brown (dried leaves, dried grass, etc.) you need to balance your pile for the best—and quickest—results. Depending upon the season and what you add most to your pile, you’ll also need to turn or rotate the compost to allow it to “cook” evenly.Your garden will thank you for your hard work!

Don’t Keep Us A Secret!
If you or a friend or family member is thinking of making a move this year, please let us know. We help buyers successfully negotiate home purchases and skillfully market sellers’ homes for the highest possible price. Recommend names you know and they’ll get the experience you trust. Thank you!

 

Categories: Garden Tips, Uncategorized, wilmington, wilmington nc real estate

Color Your Walls With The Right Mood

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Many studies have proven that people generally reabanjoct to color in very predictable ways–especially the color of their surroundings. Of course, those reactions are not always the same for everyone; some people associate certain colors with experiences unique to themselves. On the whole, though, you can choose wall colors in your home to help evoke or enhance different reactions–in yourself and others.

Moods Colors
Coziness light shades of yellow, orange, and red
Cleanliness white
Comfort deep purples, pink
Coolness blue, white
Cheerfulness yellow
Energy darker shades of yellow, orange, red
Playfulness primary colors (bright red, blue, yellow)
Serenity green, blue, light gray, beige
Refreshment green
Hunger red, orange, brown tonews

For more tips please visit www.cbbaker.com

Categories: Color your world, wilmington, wilmington nc, Wilmington NC Neighborhoods, wilmington nc real estate

We’re a little tight on cash. How can we shift some settlement costs to reduce out of pocket expenses?

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Piggy BankSome buyers reduce the cash needed at settlement by scheduling closing at the end of the month. But there are several other ways to save on closing costs that may work better in the long run.

  • Skip late-month settlement

      Since interest on the loan is paid to the end of the month at settlement, the interest payment gets lower as you get closer to the end of the month. But another approach is to wait a few days until the beginning of the next month. That way, you’ll need to pay more up front at settlement, but you’ll gain a whole month’s delay before the first full mortgage payment is due, because mortgage interest is paid in arrears, after the month has passed.

 

  • Reduce out-of-pocket cash

      Another way to reduce the cash needed at settlement takes some advance planning. By negotiating with the seller, the buyer may be able to pay more for the home and finance it, while the seller puts an equal amount toward out-of-pocket settlement costs.

 

  • Finance closing costs

      A third option is to find a lender who will finance closing costs by wrapping them into the mortgage. This method may, however, cost more over the long run, as lenders often will then charge a higher interest rate for a “no closing costs” loan.
Categories: closing on a home, homes, wilmington, Wilmington NC homes, wilmington nc real estate, wilmington nc relocation, Wilmington nc schools


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Copyright © 2017 Wilmington NC Real Estate Guide. All rights reserved. Disclaimer: All content on this blog is my own opinion and should not be treated as fact or relied upon when purchasing or selling real estate.