Loading...

Follow Santa Clarita Realtor | Dippy Real Estate on Feedspot

Continue with Google
Continue with Facebook
Or

Valid


When potential buyers drop in to see your home, whether with an agent or not, there are several things you can say that might sink your deal before negotiations even get serious. Here are three things you should never say when selling your home, as they could wind up doing far more harm than good.

“I’m Not Taking Less than X For My Home”

It’s perfectly normal not to want to be low-balled in offers for your home. Everyone wants a good deal, but you also don’t want to be fleeced on your home’s value just to make the sale. However, as a seller there are some things you’ll have to budge on. It’s normal to expect initial offers to come in low, but that’s why you have negotiations: if a buyer is truly interested, you’ll be able to eventually come to a final agreement on an amount you’re comfortable with taking. Showing you’re unwilling to negotiate beyond a certain point gives buyers little incentive to even try, and they’ll move on to the next home where the owners will likely be more receptive.

“The House is In Perfect Condition”

No house is in perfect condition. Period. Even brand new, never-before-lived-in houses have little quirks here and there that will need fixed. As homes sit in the sun and are pelted with rain, they’ll sustain damage. Saying your house is in perfect condition only makes you look like a stubborn, defensive seller who is unwilling to admit their property has faults and likewise will be unwilling to negotiate. Be open and straightforward with the faults in your home—it likely won’t hurt your final sale value all that much.

“We Spent a Ton of Money on [Insert Features]”

Just because you love the cherry wood floors you installed throughout your home or the modern, cutting-edge light fixtures you put into every room doesn’t mean that your potential buyer will feel the same. The fact of the matter is any reasonable buyer and their agent will look at comparable units throughout the neighborhood and use that along with the condition of your property to offer a similar price. They might not even like the feature you installed and are planning on replacing it as soon as they move in! Some features add considerable value to a home, but it may not be the ones you think.

Selling your home? Make sure it’s properly presented and your best interests are represented by a skilled Valencia realtor! Call Dippy Real Estate today at (661) 441-3304 to schedule an appointment!
Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Unless you have a huge pile of cash just sitting in the bank, you may think purchasing a home is an unachievable goal. Credit history, rising home prices, and qualifying for a mortgage are all difficult tasks, but none more so than it takes to build up the tens of thousands of dollars necessary to make the sizeable down payment required to buy a house. However, this isn’t always true—buying a home doesn’t have to be difficult, and in fact you can save up enough for your down payment in as little as a year’s time! Here are a few tips for saving up so you can buy your first home.

Slash Your Rent

The rent on your current place is probably the biggest chunk of your monthly budget, and therefore the biggest hindrance to your savings. Cut your rent down and you can save the extra money towards your down payment. Consider moving in with a friend or family member, or consider getting a roommate to slash this monthly cost down.

What’s Essential?

There’s an important question anyone who is saving needs to ask themselves: do I need this, or do I want it? Can you get to work every day by taking public transportation or ridesharing? If so, then is a car payment plus insurance really worth it? Do you even really need television? Do you frequently dump money into a hobby that you could do without for a little while? Cut back on these things and you could find your savings grows substantially in no time at all.

Ditch Little Expenses

Do you need to be subscribed to Netflix, Hulu, Spotify, and many other different entertainment services? Do you stop at your local coffee shop for a latte on the way to work each morning? Do you eat out multiple times per week? If the answer to any of these questions is “yes,” then you have small expenses that you can afford to cut back on and save. Even something as simple as packing your own lunch and bringing it to work can save you hundreds of dollars per month.

Consider Selling Old Possessions

Do you have some things you bought and have barely used? That set of golf clubs you bought because you wanted to try to learn and gave up after two lessons? That mountain bike you bought at your friend’s encouragement? That dress you loved in the fitting room but haven’t worn since buying? All of these things could get you a fair return by selling them on Craigslist or Facebook Marketplace. Not only will this help you get your new home faster, but you’ll have less to pack and move there when you finally do.

Get help buying the home of your dreams by calling Dippy Real Estate today! Dial (661) 441-3304 and let our Valencia realtor help you get the best deal on a home that fits your needs perfectly.
Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Buying a home can be an intimidating experience, but the ability to invest in your home, build equity, and get on the path to owning a home of your own is a dream for many people. However, the jump from rental to ownership can be a huge and intimidating task, one which makes a lot of potential buyers nervous. Because of the uncertainty, there are a lot of myths we frequently hear from renters. On this blog, we’ll set the record straight on a few of them and show that home ownership is closer than you might think.

I Don’t Have a Down Payment

Traditionally, a down payment on a home is thought of as 20 percent of the home’s total cost. Let’s face it, no matter how large of small the home you’re buying, that’s a lot of money, and for first-time home buyers in particular, it’s an amount of money that you very likely don’t have on hand. Believe it or not, this is fairly normal, and believe it or not, you can still get a mortgage with a lower down payment amount. Talk to potential lenders about their options for reduced down payments—some lenders will offer mortgage loans with a down payment as low as three to five percent! These will carry extra fees and mortgage insurance requirements, so your monthly payment will be more expensive, but if your down payment is all that’s holding you back, you have more options than you think!

I Can’t Find a Home I Like in My Price Range

Santa Clarita has thousands of homes and dozens of them are for sale at any given moment. The market changes every day, so while you may not be able to find something you like that today, that literally could change tomorrow. That being said, if you’ve been searching for months and haven’t found something that fits your needs, take a closer look at your needs to figure out what’s the most important to you: is a location near good schools important, or are features in your home more necessary? Also, can you afford a home that matches what you’re looking for?

You can find the home you’re looking for, but what you’re looking for might take some adjustment. Make a list of what’s the most important to you as a buyer and then start your search again based on that list. You may be surprised how quickly you find a home that makes you happy simply by changing your perspective.

The Housing Bubble will Burst

California is in an interesting position in terms of a housing market right now. Mortgage rates are at historic lows, making loans cheaper than ever. This has led to lots of potential buyers on the market. However, the number of homes on the market is still low. When mortgage rates increase, home prices will have to drop to accommodate for the budgets of potential buyers. Let’s look at an example: if you purchase a one-million dollar home here in the hills of Valencia, that same home will have to sell for $900,000 to keep monthly payments the same if interest rates were to rise a single percent. While mortgage rates will rise eventually, prices probably aren’t going to drop anytime soon.

I Can’t Compete Against Cash Offers

Anyone who’s selling their home knows that an offer to purchase a home in cash is usually a much quicker transaction with fewer contingencies and a faster close. However, they usually also come with a much lower price tag. Therefore, there are two types of sellers: those who will take a faster, cash-based sale at a lower cost, and those who want to get the best price for their home and are willing to work with those who have a lender. Your realtor is your best ally in these cases, and can work with your seller, their agent, and your lender to help you craft a deal that’s ideal for everyone involved, including making your seller see the benefit of working with you instead of just opting for a cash bargain.

If you’re looking to purchase a home, Dippy Real Estate can help! We take pride in helping residents of the Santa Clarita Valley find the home of their dreams and close the sale quickly while getting the best possible deal. Dippy is passionate about helping her clients find a home that fits their needs and their budget, and makes the experience as personalized as possible.

Looking to buy a home? Call Dippy Real Estate today at 661-441-3304 to set up an initial appointment and start looking for the right fit for you!
Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Summer is a time for fun, freedom, vacations, and a chance to break away from the normal daily grind of the rest of the year. What this also means is that those wanting to move will be in the market for a new home. This means that summer is also the best time to sell your home, so if you’re looking for the best time to put your home up for sale, you need to take advantage of these few months. Here are seven things you should know that might increase your chances of selling your home during peak season for the real estate market.

Go On the Market at the Right Time

Most people want to move during the summer months. Kids are out of school and can be transitioned easily, and the weather is nice, which makes a move far easier with less chance of property damage. A typical peak season homebuyer will often start reviewing the houses available on the market around March or April, but they’ll really get down to business after Memorial Day. This means June traditionally sees the highest number of homes sold every year nationwide. This trend usually continues through July and August, but by that point the number of homes on the market usually exceeds the number of remaining buyers, so it can be harder to close a deal. If you want to sell your home this summer, have it ready to go up for sale by the end of May at the absolute latest.

Prepare Your Exterior

It only takes a few seconds for a potential buyer to form an opinion about your home, and that first opinion will be based almost exclusively on the appearance of your home’s exterior. Putting in a few hours of work to make the outside of your home look clean and well-kept can inspire confidence in buyers and make them excited to see the rest of your home, while a dirty and unkempt exterior can turn them off from your home almost immediately. Mow the lawn, trim the bushes, water the plants, and touch up any paint that’s looking old or flaky and you could see potential buyers show a lot more interest in your home.

Keep the Home Cool

One of the biggest turnoffs to home buyers is a house that’s no cooler than the scorching temperatures outside. Buyers want to know they can come in from the heat to a cool and comfortable home, and if your home doesn’t show that, it’s a pretty big turn-off. If you have central air conditioning, consider having a maintenance tune-up service performed to get it running well again and be sure to have it on and working when potential buyers come to visit. If the system is off, it could be a red flag to the buyer, giving them the impression it isn’t working. It may cost a little more in your electric bill, but selling your home makes the investment worth it.

De-Personalize Your Home

Homes often contain our own little fingerprints on them everywhere. Things such as drawings and report cards on the refrigerator, family portraits hung on a wall, and artwork or paintings displayed proudly in a gallery or hallway all add those little touches which turn a house into a true, genuine home. Here’s the thing, they turn it into your home, not your potential buyer’s home. Buyers are usually more attracted to homes where they can envision it as their home. That means taking your personal touches off of it and allowing them to picture their own personal touches on it. If a buyer can establish this vision, they’re a lot more likely to put in a serious offer on your home.

Stage Appropriately

There’s a good amount of debate about staging and whether or not it’s really necessary to sell a home. On one hand, some people argue that seeing someone else’s stuff in a home makes it harder to envision that home as their own. On the other, an empty home can be seen as cold and uninviting. Generally, it’s pretty widely established that properly staging your home to make it look appealing to buyers is a good idea, but going all-out on doing it isn’t usually worth the cost.

Instead, you can take advantage of the season and stage your home to reflect the beauty of summer. Open the windows, place bright flowers on the tables, and have summer scented candles burning in a few places in your home are a few inexpensive but attractive things which make your home seem that much more inviting. You want to show your buyer what their home could be, not what it looks like with you in it, and not what it looks like completely empty, primarily because neither of those situations really matter once the house changes hands.

You should also consider hiring an experienced Valencia realtor who can represent you and get the best deal possible for your home. Dippy Real Estate can provide you with the experience and knowledge you need to sell your home quickly and at the best possible price. Dippy has a passion for working with people and can help you take full advantage of the peak sales season with excellent representation, quality marketing, and friendly, dedicated service.

Call Dippy Real Estate at 661.441.3304 and schedule an appointment to find out more about selling your home today!
Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Selling your home can be difficult, especially when the market is slow and there aren’t a lot of potential buyers in a particular area. Most people believe that when it comes to being competitive in the market and attracting a buyer, a low price goes a long way. While this may be the case with things like regular retail stores, home buying is a different animal. In fact, believe it or not you may actually be able to sell your home faster by raising the price a little bit. Here is why this seemingly counter-intuitive method actually helps generate interest and locate a buyer for your home faster than simply waiting patiently.

Perceived Value = Selling Power

The price on an item tells a consumer more than just how much they’ll have to pay in order to receive it, it’s also a reflection of the quality of that item. For example, if you have a pair of shoes that costs you $20 and a pair that costs you $100, you’re automatically going to assume there are things about the $100 pair that makes them better and justifies that price difference.

The price on a home is the same: the more expensive it is, the more value your potential buyers will perceive it to have. Say you and your neighbor are both selling your homes and have identical floor plans (same square-footage, number of bedrooms/bathrooms, and same location), but you choose to price your home higher than they do. What that signals to potential buyers is that your home has more to offer than your neighbors, either in terms of features, quality, or condition. As a result, someone may choose to snap up your home faster, believing they’re getting a better-quality home.

A more expensive home also usually receives higher bids, which means the sale will close for a higher value, and you’ll actually make more money on the deal!

Buyer’s View

When you bump the price on your home, you can completely change the way a buyer views your home in several ways. For starters, some home buyers will actually not even consider a home unless it’s at a particular price threshold, thinking they’re not going to get what they’re looking for at anything less than that. A slight bump (say going from $345,000 to $350,000) might put you over that price floor, and generate the interest of buyers who may not have considered your home an option before.

When a buyer sees two similar homes priced differently, they’ll also start to look into why your home costs more and what it means they’re bidding on. When they start looking for answers, they start to focus on selling points, creating “confirmation bias” and actually possibly making them more interested in your home than they would your neighbor’s even though your neighbor’s house is cheaper.

A bump in the price also creates an illusion of interest amongst buyers. If someone is interested in your home and notices that the price has increased slightly, this is a sign that perhaps there are a number of bids coming in on the property, and the seller has chosen to raise the value to gauge who’s really interested. This is key, especially for properties that may have been on the market for a while, since a listing that has sat stagnant for a while often makes buyers question why the home isn’t being sold, and wonder what’s wrong with it.

Justifying the Higher Price

Let’s say a potential buyer goes and visits both of your homes to compare the two and determine why your home is more expensive than your neighbor’s. If your homes are identical, including identical appliances, similar flooring, other features that are comparable, they’re probably going to say your house is overpriced and they’ll bid on your neighbor’s. This means you have to justify the increased asking price in some way—make your potential buyers believe your home is truly worth the extra cost. Here are a few ways you can do that.

  • Staging: Stating your home is simply setting it up for viewers in a way that shows it in a positive light, such as with clean, well-arranged furniture, clean floors, and ideally set-up rooms. This is an extremely effective tactic when it comes to making a sale; homes which are tastefully staged have been shown to sell over 40 percent faster and for as much as six percent more in price.
  • Curb appeal: The first glimpse of a home’s exterior is a major chunk of a potential buyer’s first impression, and the first impression will have a huge influence over whether or not they submit a bid. Simply cleaning up your front yard, including mowing the grass and washing off the front of your home, can go a long way towards a positive impression, but you can go even further by spending a little bit of money on some landscaping. High-quality landscaping has led to homes selling for as much as 11 percent more than those with unattractive front yards.
  • Capital improvements: Is your home powered by solar? This is a highly in-demand feature in California right now, and will no doubt add to the appeal of your home. Newly-remodeled rooms like the kitchen or bathroom can also go a long way towards justifying a higher price.
  • Professional tours: Listings with professional photography or a video tour are perceived to have far more value than those with just a description and maybe a low-quality cell phone picture or two. In fact, a survey found that quality photographs increased perceived value for buyers by over 11 percent, while a video tour added an additional six percent!
It’s also highly advised you work with a Valencia realtor who can help you navigate the market and get the most value for your home. Call Dippy Real Estate today at (661) 441-3304 to schedule an appointment and get help selling your home faster!
Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Selling your home can be difficult, especially when the market is slow and there aren’t a lot of potential buyers in a particular area. Most people believe that when it comes to being competitive in the market and attracting a buyer, a low price goes a long way. While this may be the case with things like regular retail stores, home buying is a different animal. In fact, believe it or not you may actually be able to sell your home faster by raising the price a little bit. Here is why this seemingly counter-intuitive method actually helps generate interest and locate a buyer for your home faster than simply waiting patiently.

Perceived Value = Selling Power

The price on an item tells a consumer more than just how much they’ll have to pay in order to receive it, it’s also a reflection of the quality of that item. For example, if you have a pair of shoes that costs you $20 and a pair that costs you $100, you’re automatically going to assume there are things about the $100 pair that makes them better and justifies that price difference.

The price on a home is the same: the more expensive it is, the more value your potential buyers will perceive it to have. Say you and your neighbor are both selling your homes and have identical floor plans (same square-footage, number of bedrooms/bathrooms, and same location), but you choose to price your home higher than they do. What that signals to potential buyers is that your home has more to offer than your neighbors, either in terms of features, quality, or condition. As a result, someone may choose to snap up your home faster, believing they’re getting a better-quality home.

A more expensive home also usually receives higher bids, which means the sale will close for a higher value, and you’ll actually make more money on the deal!

Buyer’s View

When you bump the price on your home, you can completely change the way a buyer views your home in several ways. For starters, some home buyers will actually not even consider a home unless it’s at a particular price threshold, thinking they’re not going to get what they’re looking for at anything less than that. A slight bump (say going from $345,000 to $350,000) might put you over that price floor, and generate the interest of buyers who may not have considered your home an option before.

When a buyer sees two similar homes priced differently, they’ll also start to look into why your home costs more and what it means they’re bidding on. When they start looking for answers, they start to focus on selling points, creating “confirmation bias” and actually possibly making them more interested in your home than they would your neighbor’s even though your neighbor’s house is cheaper.

A bump in the price also creates an illusion of interest amongst buyers. If someone is interested in your home and notices that the price has increased slightly, this is a sign that perhaps there are a number of bids coming in on the property, and the seller has chosen to raise the value to gauge who’s really interested. This is key, especially for properties that may have been on the market for a while, since a listing that has sat stagnant for a while often makes buyers question why the home isn’t being sold, and wonder what’s wrong with it.

Justifying the Higher Price

Let’s say a potential buyer goes and visits both of your homes to compare the two and determine why your home is more expensive than your neighbor’s. If your homes are identical, including identical appliances, similar flooring, other features that are comparable, they’re probably going to say your house is overpriced and they’ll bid on your neighbor’s. This means you have to justify the increased asking price in some way—make your potential buyers believe your home is truly worth the extra cost. Here are a few ways you can do that.

  • Staging: Stating your home is simply setting it up for viewers in a way that shows it in a positive light, such as with clean, well-arranged furniture, clean floors, and ideally set-up rooms. This is an extremely effective tactic when it comes to making a sale; homes which are tastefully staged have been shown to sell over 40 percent faster and for as much as six percent more in price.
  • Curb appeal: The first glimpse of a home’s exterior is a major chunk of a potential buyer’s first impression, and the first impression will have a huge influence over whether or not they submit a bid. Simply cleaning up your front yard, including mowing the grass and washing off the front of your home, can go a long way towards a positive impression, but you can go even further by spending a little bit of money on some landscaping. High-quality landscaping has led to homes selling for as much as 11 percent more than those with unattractive front yards.
  • Capital improvements: Is your home powered by solar? This is a highly in-demand feature in California right now, and will no doubt add to the appeal of your home. Newly-remodeled rooms like the kitchen or bathroom can also go a long way towards justifying a higher price.
  • Professional tours: Listings with professional photography or a video tour are perceived to have far more value than those with just a description and maybe a low-quality cell phone picture or two. In fact, a survey found that quality photographs increased perceived value for buyers by over 11 percent, while a video tour added an additional six percent!
It’s also highly advised you work with a Valencia realtor who can help you navigate the market and get the most value for your home. Call Dippy Real Estate today at (661) 441-3304 to schedule an appointment and get help selling your home faster!
Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Home ownership is a dream or life goal for many people, but the cost of a home means few people can actually afford to pay for one outright. Instead, the overwhelming majority of people will have to borrow money from a lender in order to pay for the cost of the home, which they’ll then pay off in monthly installments. These loans are called mortgages, and they can come in many different, shapes, sizes, and forms. So how do you know you’re getting the best deal for you? What options should you consider when shopping around? Here is a brief look at just a few issues people take into consideration when shopping for a loan and how you can find the best mortgage for you.

Keeping a Low Monthly Payment

When determining their budget for buying a home, many people will often look primarily at how much they’ll have to pay per month over the life of their loan. As with any other loan, the more you put down up front, the less you’ll have to pay off over time and the smaller your monthly payments will be. The median home price in Santa Clarita right now is about $500,000, which spread out over a 30-year fixed mortgage with an interest rate of 4 percent means you’re going to pay $2,387 per month. But let’s say you buy that same median-value home and put a standard 20% down payment on your purchase. This means you’re only borrowing $400,000, and drops your monthly payment over 30 years to $1,909. That’s a savings of nearly $500 per month, and saves you nearly $72,000 in interest over the life of your mortgage. The more you can put down up front, the more money you’ll save in the long run, so keep that in mind when shopping around.

Unconventional Mortgages

Young adults are in a difficult spot when it comes to housing right now: rent is extremely expensive all across the city, making even small apartments difficult to afford, but very few of them also have enough money saved up to make a 20 percent down payment on a mortgage. If this sounds like your situation, there are options available to you. A 10 percent down payment loan requires less money from the buyer upfront, but also requires the purchase of private mortgage insurance from the Federal Housing Administration. Before you jump at this option, remember your monthly payment will be higher due to the smaller down payment, and you’ll have the added cost of the insurance, but if the only thing holding you back from buying a home is the cost of a down payment, this could be the option for you. In fact, FHA-insured loans allow down payments as low as just three percent.

Paying Off Quickly

If you’re a parent with young children, you may want to have your home and other large expenses paid off before your kids head off to college, which in itself is far from cheap. While most mortgages are 30 year loans, a 15-year fixed-rate loan can allow you to rapidly build equity in your home and fully pay off your loan in half the time. While you’ll officially own your home sooner, you’re going to pay a lot more per month. If your budget is going to be tight, you’re going to want to think twice about this option, as sudden expenses are an almost certainty when it comes to young children.

Planning on Moving?

Many different jobs and careers involve people to move from city to city fairly frequently. When this is the case, is it really worth it to buy a house? After all, mortgages are one thing, but the actual costs associated with buying the house itself are also expensive. In fact, some estimates say it can take as much as five years to fully recoup the costs of purchasing a house. While it’s always better to invest your money into a home rather than renting, you may want to consider an option that will help you build equity quickly, such as a 15-year loan. You’ll pay more per month, but you’ll build value faster and recoup your costs quicker for when you have to pack up and move again.

Downsizing Properly

What if you think you purchased your dream home but in reality you’re paying too much for too much house? One of the smartest things you can do when investing in your home is to purchase a home that meets your needs, but does not exceed them, and that may mean selling your current home and purchasing a smaller, less expensive one. The good news is you can use the equity you built up in your previous home to significantly reduce your monthly payment in your new one.

This is a popular option for older individuals, who have been in their home for some time, but now that their kids have grown up and moved out, they’re ready to downsize into something more comfortable and appropriate for their needs. It’s actually not uncommon for these buyers to be able to buy their new house outright thanks to all of the equity they’ve built up from their previous house. In this case, you might not even need a mortgage. However, if you do, you may want to consider a shorter-term mortgage on the new place, like a 15-year, so you can pay it off and take full ownership of your home quicker.

Shop Around

A mortgage loan is arguably one of the most important decisions you’ll make in your life, so it pays to do your homework. Shop around before making your decision. A difference in just half a percent in your interest rate can mean tens of thousands of dollars in savings over the life of your mortgage, so make sure you’re getting the best deal. Get offers from at least a few different lenders or consider using a mortgage broker to help you find the best possible deal. Mortgages can take anywhere from a few weeks to a few months to get, so you have plenty of time on your hands to do some homework.

A qualified Santa Clarita real estate agent can also help you get the best deal on the home of your dreams! Call Dippy Real Estate today at (661) 441-3304 and schedule an appointment if you’re looking to buy a new home for yourself!
Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

In many ways, buying a new home is a lot like buying a car: you find one you like, and an agent responsible for selling it then works with you to close the deal. Also not unlike car salesmen, realtors are tasked with selling the property for as much money as they possibly can, which means good agents are often exceptional people readers and can determine your interest level fairly accurately with just a few simple statements. Also not unlike buying a car, the things you tell the seller’s agent could dramatically influence how they approach the sale and how hard they will fight to get that extra few thousand dollars for their client—money which you as the buyer probably could have otherwise talked them down from.

Want to make your home purchase easier and give yourself the best negotiating leverage? While you are not going to be face-to-face with the seller’s agent very often, if at all, here are three things you should never say to them if you do find yourself in that situation.

1. How Much You Like (Or Dislike) the House

If a salesman catches on that you love a property and will do whatever it takes to make sure you can make it yours, then you’ve just made their job easy. They’ll hold firm on whatever objections you might have because they know at the end of the day you’ll wind up paying exactly what their client is asking for. Therefore, much like buying a car, you’ll want to play it cool around the agent. You don’t want to seem entirely disinterested, but you also don’t want to give off the appearance that you are in love with the place, even if you are!

When potential buyers are interested in a property, some also have a bad habit of being overly critical, and pointing out all of the things they don’t like in an effort to maintain this balance. Going too far actually has its consequences: agents and sellers will likely consider and accept offers from buyers who are much more solidly interested than those who are only tentative, even if the tentative buyer’s offer is several thousand dollars higher.

2. What Your Budget Looks Like

You definitely don’t want to talk about your financial situation with the seller’s agent whatsoever. If they know the asking price for the home is on the lower end of your budget, they’re far more likely to hold off and try to get the full asking price on the home, or try to convince you to put in a bid that’s higher than the asking price, especially if they know you are head over heels for the place. If they can make the property seem like it’s hot and you’ve got the money to pay for it, the odds of them making a huge sale are significantly higher.

Why your budget looks the way it does and your decision on the maximum you want to spend is not important to the agent or seller. The only part they care about is getting the best possible bottom line for the property they are selling, and whether or not it’s fair is secondary to simply getting the property sold, which includes selling it for above what you should actually be paying.

3. Anything In Terms of Your Mortgage

Similar to your financial situation, you likely don’t want to discuss the terms of your mortgage, whether or not you’re pre-approved, how much you’re approved for, your rates, or any other terms with the agent. When it comes to conversations with your seller’s agent, less is often more, and you’ll likely want to give them as little information as possible about how you plan on paying for the new home, particularly if you’re a first-time buyer.

Let an Agent Represent You

If you’re looking to purchase a new home, having a highly-qualified Valencia realtor represent you can go a long way towards helping you get the best deal on the property you love. An agent can communicate with potential sellers on your behalf as well as provide you with numerous different options for homes that have the features you’re looking for at a price you can afford!

If you’re looking for an agent to help you with the purchase of your new home, call Dippy Real Estate today by dialing 661.441.3304 to schedule an appointment!

Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Buying a home can be a confusing process with a lot of uncertainty. While everyone wants to find and buy their dream home, nobody wants to get ripped off. So when you find a property you’re excited about, how can you be certain the price tag on it is fair and not way beyond what you should actually be paying? While this can be easy for some people to check, it’s not always so straight forward for others. Here are a few tips for finding out if the listed price on a property is fair or if you should look elsewhere or try to talk the seller down.

Use Public Records

Whenever a piece of property transfers ownership or has a new structure built on it, the public record regarding that property is modified. When that ownership transfer involves a sale, the sale price also goes into the public record. Public records can be an exceptional research tool for a particular area, giving you information as to how much similar homes with similar features have sold for. While this is not a guarantee to the proposed value of the home you are interested in, it’s a great place to start your research. If the listed price is far below or way above other recent local sales, you may want to look elsewhere or try to figure out why.

Think About the Amenities

If you’re considering buying a tract house, consider what benefits the neighborhood can offer you. While things like swimming pools, tennis courts, or community gyms can be extremely beneficial, there are other things to consider. How far away are local schools? Supermarkets? Restaurants? If these things are within a very short distance, the home’s value could be significantly higher. In fact, if you can reach these facilities without even having to get in the car, your value could go up even further.

Look for Value Decreasing Features

There are factors in a neighborhood which can significantly decrease a property value as well. Location near amenities is one thing, but being located near major noise sources like busy train tracks or freeways can drag a property’s value down rapidly. Other negative factors include overhead high-tension power lines, nearby power production plants, and industrial facilities which produce a lot of noise during the day and potentially into the night. Neighborhoods with a lot of foreclosure also suffer from mutually-decreasing property values. Finally, unkempt and unsightly neighbors can actually cause a dramatic value loss for the entire neighborhood as a whole. While several hundred extra dollars per month in homeowners association fees may seem like a lot, they actually perform a very important task when it comes to preserving home value for the neighborhood residents.

Is There Potential?

A neighborhood in an area that is being developed or improved is said to have a lot of “potential” in that homes bought now will likely see big value increases in the near future. While these can be difficult to spot, look for signs, such as indications of widening streets or future construction projects nearby (especially if those projects are markets, restaurants, or schools). Development is a sign of an area improving in value, and buying before that development begins could be a wise investment. This is a double-edged sword, however, as too much development could lead to increased noise, added crime, and property values dropping quickly.

If you’re looking to buy a new home or sell your current one, call Dippy Real Estate today at (661) 441-3304 and schedule an appointment!
Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Selling your home can either be a quick and easy process, or it can be a long and arduous one. With so many factors in play, it can be hard to tell how long it might take to finally manage to find a buyer and close the deal. However, as a homeowner there are numerous things you can do to increase your home’s appeal and locate potential buyers much faster, and the best part is they are easier than you might think! Here are five ways to sell your home faster than your neighbors!

Upgrade Your Landscaping

Do you believe in “love at first sight?” If not, you should start—particularly when it comes to home buying. Statistically, homebuyers know whether or not they love a potential property within minutes of arriving, and much of this is due to the first impression they get. A good first impression means they will likely remain interested throughout the tour and be far more likely to put in an offer; a bad one, not so much. So what can you do to improve your first impression? Updating your landscaping is arguably the most effective way to do this. A few extra flowers in the beds lining your driveway and some extra water and fertilizer on the lawn can go a long way towards making your property look more appealing to potential home buyers than a yard that looks neglected or minimally cared for.

Move Out

This might seem difficult, but an unoccupied and move-in ready home is often extremely appealing to home buyers. Studies have shown that an empty house without any furniture or property in it at all tends to show far better than homes that are still occupied. Primarily this is because people have a harder time visualizing their own possessions in a home when it is already full of someone else’s things. Additionally, an empty home often looks bigger, giving the sense of a better value for the asking price.

So while it might seem like a difficult decision to go live somewhere else when you own a perfectly good house, packing up your stuff and getting out might go a long way towards getting your sale closed quicker than it would have with you still living there.

Re-Paint or Install New Flooring

While walking on the same floors and staring at the same walls each day may not seem like a huge deal, you’d be shocked what replacing them can do to improve your home’s value. Many homes on the market love to highlight things like new floors because they give homeowners a fresh start and dramatically improve the overall quality of the property. When you can’t offer the same, your property just serves to highlight how much better the other property is than yours, particularly if the prices are similar. Installing new flooring, and coating your walls with a fresh layer of paint, particularly in the high-traffic areas of a home, can also improve your property value substantially, allowing you to not only sell faster, but sell for more as well.

Video Walkthrough

A high-quality video walkthrough of a home can provide an exceptional first-impression to a homeowner before they’ve even been to your property. Think of it like a brochure: a good one is eye-catching and hooks your potential buyer right from the get-go, while also expanding your reach and showing your product (your home) to a much larger audience. A good video will also show the highlights of your home, including things you have recently redone, features that may be unique, and much more, all to get people excited to see your home before they arrive. A homeowner who is excited is already mentally prepared to like what they see, and will usually confirm that excitement.

Ask your real estate agent about creating a video listing for your property, including using aerial shots captured by drone that can put a new and eye-catching edge to the look of your home (and show off the beautiful, energy saving solar panels you have on your roof, if you have them).

Price Properly

A homeowner may love your house, but if it’s priced way beyond its actual value, you’re going to have a tough time finding a buyer or even fielding a reasonable offer. When it comes to selling your home, price is the most important factor. If the price is right, people will be willing to overlook a few flaws and put in an offer. If the price is wrong, they’ll skim right past the listing from the get-go. Sellers will almost always want more than their property is worth, and those who go too far beyond this amount will be stuck scratching their heads when they can’t sell their home.

Find out what homes in your neighborhood have sold for in the last six months to determine a rough estimate for what your own home might go for. From there, you can bring your asking price up and down based on any unique features your home may offer or work that might need done by the prospective buyers. If your home is priced right, you should field some offers quickly. If not, you’ll probably be stuck watching your neighbors sell while you continue to wait.

Looking to sell your home? Call Dippy Real Estate today at (661) 441-3304 and let us help you with the process!
Read Full Article
Visit website

Read for later

Articles marked as Favorite are saved for later viewing.
close
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Separate tags by commas
To access this feature, please upgrade your account.
Start your free year
Free Preview