Evelyn Doane - William Raveis Real Estate - Cape Cod



Posted by Evelyn Doane on 2/23/2020

A nightmare home selling experience is something that every home seller wants to avoid. Fortunately, we're here to teach you the ins and outs of selling a house so that you can minimize the risk of problems that could lead to a nightmare home selling experience.

Now, let's take a look at three tips to help you avoid a nightmare home selling experience.

1. Study the Real Estate Market Closely

You don't need to be a real estate market expert to find ways to maximize the profits from your home sale. Instead, you can study the real estate market closely and gain the insights that you need to price your house competitively.

Remember, a home seller's goal is to optimize the value of his or her house. To accomplish this goal, it is paramount to establish the right home price from day one. Otherwise, a home seller risks alienating buyers with a price that is too high, or missing out on profits due to a price that is too low.

Take a look at the prices of available houses in your area that are similar to your own. This housing market data will enable you to see how your residence stacks up against the competition so that you can price your house accordingly.

2. Conduct a Home Inspection

A home inspection usually is completed after a home seller accepts a buyer's offer. However, a home seller who conducts an inspection before listing his or her residence can increase the likelihood of a profitable home sale. Perhaps best of all, this home seller can avoid the danger of a buyer requesting home repairs or a price reduction later in the home selling cycle.

During a home inspection, a property expert will evaluate your residence both inside and out. This property expert then will provide a comprehensive report that details his or her findings.

Examine a home inspection report. That way, you can find out about your house's strengths and weaknesses and take the necessary steps to transform various weaknesses into strengths.

3. Hire an Experienced Real Estate Agent

An experienced real estate agent understands exactly what it takes to sell a home, regardless of the current housing market's conditions. As such, this real estate agent can serve as a guide throughout the home selling journey and help you immediately identify and resolve any potential home selling hurdles.

For example, an experienced real estate agent can provide you with a wealth of housing market data before you list your residence. This housing market professional will help you make sense of assorted real estate data and ensure that you can establish a competitive price for your house. He or she also will promote your house to the right groups of buyers and help you enjoy a quick, seamless home sale.

When it comes to selling your home, there is no need to leave anything to chance. Take advantage of the aforementioned tips, and you can avoid a nightmare home selling experience.





Posted by Evelyn Doane on 2/16/2020

You've sold your home, and moving day is almost here. As such, now may be the perfect time to pack an overnight bag; that way, you're ready to survive with only limited supplies until you get settled into your new house.

Ultimately, there are several essential items to include in an overnight bag, such as:

1. Clothing

It is important to pack enough clothing to ensure that you can dress comfortably until you get unpacked. Thus, you'll want to consider how long that it will take you to get settled into a new house as you prep your overnight bag.

For example, if you plan to take several days to unpack, you'll want to pack your overnight bag clothing accordingly. In this scenario, you'll likely need work clothes for the days that you're in the office, along with pajamas and other comfortable clothing that you can wear around the house.

2. Cash

If you know that you're going to be living outside a traditional home environment for a few days, it never hurts to pack cash in your overnight bag. By doing so, you'll have money available to buy food, beverages and other items as needed.

Consider how much money that you'll need to survive even a few days outside of a traditional home setting. Also, be sure to keep extra cash close to reduce the risk of losing this money while you relocate to a new address.

3. Toiletries

Shampoo, toothpaste and other toiletries should be included in your overnight bag. These items ensure that you can maintain a clean, neat appearance, regardless of where you're staying.

Many convenience stores and supermarkets sell travel-size versions of popular toiletries. Therefore, you may want to purchase travel-size toiletries to limit the chance that assorted toiletries will take up too much space in your overnight bag.

Furthermore, you can pack only the toiletries that you know you'll need for a set period of time to conserve additional space in your overnight bag.

4. Smartphone Charger

Let's face it – no one want to lose access to his or her smartphone for any length of time. Fortunately, if you pack a smartphone charger in your overnight bag, you can recharge your smartphone at any time.

Include a smartphone charger and any smartphone cords or wires in your overnight bag. In addition, don't forget to test your smartphone charger and accessories to ensure they work properly.

Packing an overnight bag can be quick and simple, particularly for those who plan ahead. And if you include the aforementioned items in your overnight bag, you should have no trouble surviving outside a traditional home setting.

Lastly, if you need help as you get ready to vacate your house, a real estate agent may be able to provide assistance. A real estate agent serves as an expert guide along the home selling journey and will do everything possible to guarantee that you are fully prepared for an upcoming move.





Posted by Evelyn Doane on 2/9/2020

Photo by Jeon Sang-O from Pixabay

Did you know that the terraced retaining walls that were built by the Incas at Machu Picchu date all the way back to the 15th century? There’s a reason that classic landscape design elements like the dry-stacked wall have endured for centuries. Not only do they look great, but they are designed to stand the test of time against harsh weather, earthquakes and centuries of use.  Dry-stacked walls are a good choice for any property and are versatile enough to perfectly fit in with any style. Keep reading to learn more about why we love dry-stacked walls and how you can utilize them in your landscape design.

How Do Dry-Stacked Walls Work?

Essentially, a dry-stacked wall is any outdoor stone wall that has been built without mortar to bind the stones together. This technique is ideal for retaining walls and freestanding accent walls. Not only are these walls incredibly strong thanks to interlocking construction, but they also can stretch and bend with the landscape because they are made without the use of mortar. This flexibility helps the walls to easily go along with the natural movement of the land during changes in temperature—particularly during the warmer months and times of continued frost. Because of this adaptability, dry-stacked walls don’t require a conventional foundation that must be set deep below the frost line.

Affordability

Additional benefits of investing in a dry-stacked stone wall include:

  • Natural Permeability — Water is able to freely pass through the mortar-less joints of a dry-stacked stone wall. This natural permeability helps to alleviate the need to invest in an additional drainage system, saving homeowners from having to divert water away from the wall to relieve pressure.
  • Longevity — Freely stacked stone walls are designed to allow for natural expansion and contraction. Therefore, this type of wall is much less susceptible to normal shifting and cracking that you might find with a traditional retaining wall. Ideally, your dry-stacked stone wall should look attractive and maintain its structural integrity for many years to come once construction is completed.
  • Variety — You can be creative as you’d like when building a dry-stacked wall. Whether you prefer round stones, river rocks or flat stones—there’s a stone material available to suit any design aesthetic. However, keep in mind that different stone materials are known for being easier to work with than others. For example, flat stone is typically the fastest and easiest option, while stones with rounded edges require more careful planning.

In addition to being attractive and versatile, dry-stacked walls can be created from a variety of materials. Typically, building a dry-stacked wall will cost homeowners anywhere from $65 to $100 per square foot, including all materials and labor. However, for those interested in an especially deep dry-stacked wall, the costs can climb. Working with an experienced landscape construction team can help to prevent costs from going outside your budget and allow you to enjoy peace of mind with a durable and long-lasting retaining wall.





Posted by Evelyn Doane on 2/2/2020

The good news: a homebuyer has made an offer on your house and is ready to purchase it as quickly as possible. On the other hand, there's the bad news: this homebuyer has many requests that need to be fulfilled to finalize a home sale.

Unfortunately, a stubborn homebuyer can put a home sale in jeopardy. But a home seller who understands how to deal with a stubborn homebuyer effectively may be able to boost his or her chances of a seamless property sale.

Now, let's take a look at three steps that every home seller can use to deal with a stubborn homebuyer:

1. Focus on the End Results

For most home sellers, the end goal of selling a home is getting the best price for your residence, regardless of the current real estate market's conditions. As such, if you remain focused on your ultimate goals, you may be better equipped than others to deal with a stubborn homebuyer.

If a stubborn homebuyer submits a variety of requests, allocate the necessary time and resources to consider each request closely. Then, if you find the requests are overwhelming, you can always submit counter-proposals.

Lastly, don't forget that you can always walk away from a home selling negotiation that appears to be going nowhere. And remember, if a negotiation with a stubborn homebuyer goes south, you can relist your residence and restart the home selling journey.

2. Consider the Homebuyer's Perspective

Why is a homebuyer acting stubborn? Open the lines of communication with a homebuyer, and you may be able to find out the root of a property buyer's stubbornness and proceed accordingly.

A homebuyer may have concerns or questions about buying your residence. Fortunately, if you maintain open lines of communication with a homebuyer, you can address these concerns and questions without delay.

Also, be aware of the homebuyer's perspective as you proceed along a property selling negotiation. Although a homebuyer may make requests along the way, it is important for you and a property buyer to find common ground. If you feel uncomfortable with a homebuyer's requests, you should be unafraid to walk away from a home selling negotiation altogether.

3. Ask a Real Estate Agent for Extra Help

If you're unsure about how to approach a stubborn homebuyer, there is no need to worry. Conversely, meet with an expert real estate agent, and you can find out how to move one step closer to getting the best price for your residence.

An expert real estate agent will be happy to provide honest, unbiased recommendations about how to collaborate with a stubborn property buyer. Next, you and a stubborn homebuyer can work together to complete a home sale.

Plus, an expert real estate agent may act as a liaison between a property seller and buyer. This housing market professional can learn about both sides and what they are looking for in a home sale and take the necessary steps to deliver the ideal results for all parties involved.

Take the guesswork out of dealing with a stubborn homebuyer – use these tips, and you can boost your chances of navigating a successful home selling journey.





Posted by Evelyn Doane on 1/26/2020

Photo by Free-Photos via Pixabay

For some, house hacking is the key to getting started in real estate; for others, it's just a smart way to build cash flow into an otherwise uncooperative rental market. Wondering how to get your foot in the door? Here's what you need to know. 

What is House Hacking? 

The term "house hacking" was coined by Bigger Pockets, but in general, the practice has been going on for as long as people have been owning and renting properties. House hacking refers to renting out a part of your primary residence. Generally, that means owning a duplex, triplex, or quadruplex, living in one unit, and renting out the rest. For some, it means renting out one or more rooms of a single-family residence. In an ideal scenario, house hackers can essentially live for free--allowing the rental income from the space they rent out to pay for the mortgage and maintenance of the entire property. 

Why is House Hacking a Smart First Investment? 

As with any investment, the viability of house hacking depends on the market in your area. But for many who want to get into real estate investing but haven't yet taken the plunge, it's a smart step. 

  • Owner-occupants enjoy the best financing terms. When you plan to use the property as your principal residence, you'll get lower down payments (as low as 0-5%, in the case of VA and FHA loans) and lower interest rates. 
  • House hacking serves as training for managing more tenants. Because you'll be living in close proximity to your tenants, it will be easier to keep an eye on your property and address repairs and other issues as they arise. It's a great way to earn a few notches in your landlord belt before purchasing more rental properties in the future. 
  • When you decide to move out, you can rent out the final unit (or the primary house) and enjoy the full benefits of positive cash flow thanks to your low-interest-rate home. 

An Accessible Way to Start Small 

Step one: talk to a lender. If you can get pre-approved for a single family residence, you can get pre-approved for a duplex (or larger).

Already own a home? Consider renting out an extra bedroom, or finishing the basement to rent out as an ADU. And even if you don't net massive positive cash flow at first, you'll massively offset your own cost of living, while gaining valuable experience as an investor and property manager. 




Tags: Real estate   Investing   Beginner  
Categories: General Finance