10 Home Features Buyers Want

Home designers and builders speaking at the recent International Builders Show in Las Vegas say that buyers are seeking cost-effective features and rejecting things that don’t have lasting value.

“It’s all about family togetherness – casual living, entertaining and flexible spaces,” says Carol Lavender, president of the Lavender Design Group in San Antonio.

Paul Cardis, CEO of Avid Ratings, which conducts an annual survey of buyer preferences, identified these must-haves in new homes:

1. Large kitchens with islands
2. Energy efficiency, including energy-efficient appliances, super insulation, and high-efficiency windows.
3. Home offices
4. Main-floor master suite
5. Outdoor living space
6. Ceiling fans
7. Soaking tub in the master suite and/or an oversize shower with a seating area
8. Stone and brick exteriors rather than stucco or vinyl
9. Community walking paths and playgrounds
10. Two-car garages, but three-car garages are even more desirable

Source: MarketWatch, Steve Kerch (01/30/2010

I am here to help you through the entire process. Our company focuses on taking terrific care of our clients’ real estate needs!

Feel free to call or e-mail me!

Amy Underwood

972-921-8787 – Cell

Owner/Buyer Specialist

Amy@NorthTexasHomeFinders.com

www.NorthTexasHomeFinders.com  Please put “Amy” in the How Did You Hear about us

Continuing the topic of preparing your home to sell.  The most important thing to remember here is how you live in your home and how your home looks when it is on the market are VERY different.  We want to create an environment of perfection when your home is on the market.  Not an enviroment that reminds people of the stresses of everyday life.

Dining Room: 

If your home has a formal dining room, then you need to stage it accordingly.  Be careful of bright red walls, many buyers do not care for this color and it will be a turn off.  If you have chair rail make sure the bottom section of the wall is slightly darker than the top section.  If you have wall paper remove it!  This room is a good example of how we live can be very different that how we show our home to sell.  If you were to walk into my home, the formal dining room is set up as a second home office.  The desk is the dining table.  We also have a game amoire in here for my daughter to play their video games while I work.  This set up while practical for my family, makes a large space, seem very crowded. 

When setting up the dining room don’t forget to set the table.  Create an inviting table scape that will make visitors to your home feel welcome to the dinner party and imagine hosting one themselves.  Remember to remove all but one personal photo per room.  It is best to keep the family photos out of the dining room and keep it food themed.  Don’t forget to look up.  Do you still have that builder grade brass light fixture?  You don’t have to replace it, remember saving money is the name of the game.  You can paint it and add some shades to it.  This is cheaper than buying a new fixture.  You can paint it to match your walls.  What do the floors look like in this room?  Are you lucky enough to have hardwoods?  If you do, remove the area rug under the table, so buyers can see those beautiful floors.  If you have carpet make sure you have cleaned it (not just vacuumed) and all spots/stains are gone.

Kitchen:

Clean, clean, and clean again.  The kitchen is the most important room in the house so make sure it is sparkling.  First things first, clean off EVERYTHING from your countertops.  You are allowed one appliance on the counter, so think about which one you use the most…toaster or coffee pot.  Everything else should be put away.  You want to show plenty of prep space and clean countertops also tell possible buyers that there is plenty of storage space.  Remember, you are going to pack up everything to move when your home is sold, so get a head start here.  Pack up the items that you are not using like the turkey roaster and christmas dishes.

Buyers will open cabinets and look in your drawers to make sure their stuff will fit.  If you have it so jam-packed, they will feel like there is not enough storage space, so get packing!  Remember packing up stuff is free!  Be sure to remove everything from the fridge, people do not need to see the family calendar or recent art work by your kiddos.  Be sure to repair any cracks in the caulking around the sink or backsplash areas.  Buy some Murphy’s oil or some sort of cabinet cleaner and polish up your cabinets and drawers.  Take a look at your hardware on the cabinets.  Is it dated?  If so, buy some inexpensive updated handles and you will be surprised at the difference it will make.  How do your countertops look?  Are they chipped and worn?  You might consider replacing them. If they are good shape, don’t worry about it.  Don’t forget to clean your appliances.  People will look inside the oven, so clean it!  Don’t use it to store cooking stuff.

Once you have cleaned off the counters and organized the drawers and cabinets, don’t forget about the pantry.  You must be able to see the floor.  Again, get a head start of your packing and box up items you will not be using.  Make sure the pantry is neatly organized with all labels facing out on cans.  It is best to group like items together for best use of space.

Empty the trash DAILY, you never know when a showing of your home will happen.  You might be at work.  Keep the sink free of dishes and the kitchen smelling good.  For open houses or showings, be a good host.  Set out some bottled water and cookies.  The fresh-baked cookie smell in the kitchen always brings good feelings to a home.  Another trick used by new construction model homes is to put a roast on to cook in a crock pot.  The house smells great and best of all dinner is ready when you get home!

Next week we will take a look at the family room and master bedroom!  Stay tuned.

Article by NewHomeGal, Teresa Robinson, Owner/Agent
Contact Teresa at 972.335.0571 or Teresa@NorthTexasHomeFinders.com  Visit www.northtexashomefinders.com for more information.  For community-specific information, also visit www.BuyProsper.com for added content.  Interested in a free market snapshot of your community?  Visit www.dfwhomeexperts.com and sign up today!

Robinson Team

Here are some interesting statistics from the National Association of Realtors comparing 1999 and 2009:

  1. 1999: 37% of buyers searched for a home online. 2009: 90% of buyers searched for a home online.
  2. 1999: median home value is $137,600. 2009: median home value is $172,600 (but not that some reports show that when accounting for inflation, the value hasn’t changed at all this decade).
  3. 1999: 82% of buyers purchased detached, single family homes. 2009: 78% of buyers purchased detached, single family homes.
  4. 1999: 46% of buyers choose suburban neighborhoods. 2009: 54% of buyers choose suburban neighborhoods.
  5. 1999: 68% of buyers were married couples. 2009: 60% of buyers are married couples.
  6. 1999 and 2009: the median age for buyers was 39.
  7. 1999 and 2009: “neighborhood quality, affordability, and convenience to work and school have consistently been top priorities.”

As you can see, a few things have changed when it comes to searching for new homes.  Sellers, take note of this.  Your agent should be very internet savvy to sell you home quickly.  What we are looking for in a home hasn’t changed in 10 years.  More single people are purchasing homes than in 1999.

What are you waiting for?  It has been predicted that interest rates are going to rise and the tax credits will end.  Don’t delay! After all it is free money.

Article by NewHomeGal, Teresa Robinson, Owner/Agent
Contact Teresa at 972.335.0571 or Teresa@NorthTexasHomeFinders.com  Visit www.northtexashomefinders.com for more information.  For community-specific information, also visit www.BuyProsper.com for added content.  Interested in a free market snapshot of your community?  Visit www.dfwhomeexperts.com and sign up today!

Robinson Team

Promote Your Page Too

As promised we will continue the topic of inexpensive updates to help your home sell faster.  Last time we spoke about the outside of your home.  We talked about so of the basics, remember, each home is unique and will have its own needs.  As your real estate professional to come and help you.  If you live in the Dallas/Ft. Worth Metroplex, give me a call and I will be happy to help.

Okay enough of the infomercial…back to the topic at hand.  Let’s look at the inside of your property.

Foyer:
This must be free of all clutter.  Remember the goal is the sell the property so you can move on to your new home.  Get out the boxes and start packing.  The foyer should feel LARGE, even if it isn’t.  Remove any coats, shoes, backpacks, etc.  If you have an entry table make sure you can open the door fully and two people can stand in the foyer without feeling crowded.  If you cannot do that, pack up the table.  Remove your entry rug to showcase the flooring.  If you have tile or hardwoods, we want the buyer to see that immediately.  It adds value to your home.  The entry rug hides that value and costs you money.  Dust off the entry light.  You might have to get a ladder out, but clean it.  Make sure all the light bulbs work too.  If you have the kind that attached to the ceiling, make sure there are no bugs in it.  Check the back of the door paint or stain, does it need a refresh?  Finally, ask a friend or neighbor to come over and smell when they first walk in your home.  It should smell clean.  If they can smell pets (dog or cat) or smoke, buyers will too.  This is a major turn off to many buyers.

Entry Hall Closet:
Yes, you must clean out your closets too.  You want your  home to seem spacious, even if you have filled it up and need more space.  You may be able to put your excess stuff (packed neatly in boxes) in the garage if you don’t have a budget to rent a storage building.  We will discuss the garage later.  All closets, not just the entry hall, must be neat and organized.  You must be able to see the floor.  No money needed here, just get started on that packing.  Remember, when your home sells you will need to pack it all up to move.  You are just getting a jump start on that packing!

If your closet is under the stairs and you are using it like we do as a play/club house, you will need to make sure the toys are organized and you can see the floor.  If you have one of these, then all toys should be in the club house, not the living room/kitchen/family room/etc.

Formal Living Room:
Many people do not want or need a formal living room these days.  You are better off to set it up as something different if you can.  Do not use it as a toy room.  Remember this is your first room people see.  They don’t want to feel like they are walking into a day care center.  Especially if they do not have children.  If you have a nice desk, but no official study/library, set it up in here.  This can show the multi-purpose of a formal living room.  Make sure the desk is free from papers, and you see the actual desk.  Look at your paint color in this room. Remember, neutral is best.  You can have color on an accent wall as long as it goes with the rest of the home. Do you have wall paper?  Take it down it makes your home feel very dated and you will lose money on your offer because chances are the buyer will not have your same tastes.  This goes for borders too.

We will continue this topic next week as we look at the dining room and kitchen easy updates.

Article by NewHomeGal, Teresa Robinson, Owner/Agent
Contact Teresa at 972.335.0571 or Teresa@NorthTexasHomeFinders.com  Visit www.northtexashomefinders.com for more information.  For community-specific information, also visit www.BuyProsper.com for added content.  Interested in a free market snapshot of your community?  Visit www.dfwhomeexperts.com and sign up today!

Robinson Team

Promote Your Page Too

Sunset Pointe in Little Elm has been around for several years.  When it first opened in 2005/2006, it exploded.  Lennar built a ton of homes there, and sold out in a little over a year.  Other builders came in later, but then the economy hit hard.  Several of those builders are no longer in business.

Flash forward to today.  As the economy begins is slow turnaround, new construction has started to rebound as well.  Sunset Pointe is about to explode all over again.  Horizon Homes just opened up Lakeview at Sunset Pointe.  This is not your father’s Horizon Homes.  If you have not seen them lately, or never seen them, you’re in for a treat.  They have adopted much of what is included at the next level of their company in Highland Homes.  Granite countertops, wood floors, iron spindles, covered patios, open floorplans with high ceilings – it’s just about everything home buyers want.  The best part is that prices start around $200k with most of the options I just listed.

Horizon is offering having a Grand Opening Sale through the end of next month.  The have several homes under construction, most loaded with $30k in upgrades, including stainless steel appliances with refrigerator, washer, dryer, and blinds.  These homes are move-in ready.  I showed Horizon homes to clients last weekend.  We looked at two different 3000 sq. ft. home plans that were under $239k!

Contact us for more information about this great new product in Sunset Pointe.

Article by Chad Underwood, Owner/Associate Broker, chad@NorthTexasHomeFinders.com, www.NorthTexasHomeFinders.com

Brand NEW Homes NOW being Built in Plano ISD!!

220’s- 300’s

Plans feature:

11 plans to choose from ranging from 2300  sq. ft – 4000  sq. ft.

4-5 Bedrooms

2 and even 3 car garages

Coming Soon, a beautiful community in the Plano area and in the highly acclaimed Plano Independent School District. Cul-de-sac sites are available, as well as treed lots. Conveniently located near I-75 with close proximity to shopping malls, grocery stores, and restaurants.

I am here to help you through the entire process. Our company focuses on taking terrific care of our clients’ real estate needs!

Feel free to call or e-mail me!

Amy Underwood

972-921-8787 – Cell

Owner/Buyer Specialist

Amy@NorthTexasHomeFinders.com

www.NorthTexasHomeFinders.com  Please put “Amy” in the How Did You Hear about us

Most of you are aware of the $8,000 first time home buyers credit, however, I wanted to take a moment to discuss the basics of the “Move-up/Repeat” home buyer credit:

  • 10% of new home up to $6,500  
  •  Purchased between November 6, 2009 – June 30, 2010 purchase (binding sales contract by April 30, 2010) 
  • Must have owned and lived in one primary residence for any 5 consecutive years out of the last 8 
  • You don’t have to sell the old home to qualify, but the new home purchased must be used as a primary residence. For married filing joint both spouses must meet this test to get the credit 
  • Income limits:
    • Full credit Modified Adjusted Gross Income (MAGI) to $125,000 single, $225,000 joint
    • Reduced credit MAGI up to $145,000 single, $245,000 joint
  •  Cannot claim if you are a dependent on someone else’ s return 
  • No credit if new house is over $800,000 
  • Purchaser must be at least 18

If you have specific questions, you can always go to www.irs.gov and look at the FAQ section or contact their help line.

Article by NewHomeGal, Teresa Robinson, Owner/Agent
Contact Teresa at 972.335.0571 or Teresa@NorthTexasHomeFinders.com  Visit www.northtexashomefinders.com for more information.  For community-specific information, also visit www.BuyProsper.com for added content.  Interested in a free market snapshot of your community?  Visit www.dfwhomeexperts.com and sign up today!

Two of my recent listings were under-contract the First week to the First person who saw the home.  Why?  Because my clients listened to what I told them to do and priced the home according to our market research.  Of course, my marketing is exceptional, but it really comes down to the presentation your home makes when you first see it at the curb.  Here are some easy updates that don’t cost too much Cash, but do need elbow grease!

Look at the outside of the home.  This is the first impression of a future homeowner.  We are going for ”WOW.”

In the winter time, rake all the leaves from the trees. Make sure to weed the flower beds , trim dead folliage, and put down new mulch.  If you have the cash, add some pansies in the flower beds for a pop of color.  Keep in mind, I sell homes in Texas, so we rarely get snow.  But if you do, you must shovel the sidewalk and lead-walks to your home. If your driveway is in front you will need to shovel it too.

In the summer time, make sure to cut grass weekly, water the yard and bushes/flowers as needed. Shape the bushes and trees so they always look their best.  These will grow faster than you think!  You MUST have flowers in the summer. Don’t skimp on this one.

Year round, keep all garden tools including the water hose put up either in a holder or in the garage or storage shed.  You are creating a scene of you home.  People don’t want to think about the maintenance work that comes along with it.

If you have a front entry garage you must make sure it is clean. No concrete stains of oil, chalk drawings by the kids, etc.  Also remove any cars parked in front of your home or in the driveway for scheduled showings.

Look at your gutters.  Are they clean?  Do you have those solar path lights?  Remove them immediately.  They look like runway lights for airplanes and detract from you house.  We want to draw the eye up to the home, not down on the ground.  A buyer may question the lead walk with these type of lights (Am I or my visitors going to trip when they come to see me?).

Your front porch, no matter how small or large must have a welcome mat.  Don’t get too personal here. Remember you want people to think of this home as theirs.  Avoid collegiate references, names, and initial mats.  Remember the presentation of your home is different from how you live in a home.  Think model home that you see in new communities.  If your porch is large enough this can be a great place to set a scene.  Add a small table with 2 chairs to show that the neighborhood is friendly.  If you don’t have room for a table and chairs, add a pot with flowers and ivy (in the summer) or pansies (in the winter).  Do not block the pathway to the door, it is better to have no pot if it is going to make your porch seem small.  Remember to keep this swept from leaves, dirt, garden trimmings, etc year round.

Get a start on your packing for your next home and put up any empty pots, garden flags (unless you have the american flag displayed), and garden art (frogs, welcome plaques, wreaths on the front door, etc).  No kids toys should be at the front of the home(this includes the porch) with the exception of a built-in basketball goal.  Make sure to store all sporting equipment, balls, walkers, kid cars, wagons, etc in the garage or better yet pack up most of it and leave just one or two items for the kiddos to play.  When you unpack at your new home it will feel like Christmas for the kids.  This can help with the transition to the new home.

Now look at your front door and the area around it.  How is the paint?  Is the stain of the door faded?  Either re-stain it or paint it black.  Black doors work with almost any brick color.  Look at the hardware on the door.  Is it brass? Is it tarnished?  Clean it up or if you cannot get it to shine, buy new hardware at Lowes or Home Depot.  I have coupons I can send you for the hardware store. Just email me.

We will continue this post next week with a look at the inside of your home.

Article by NewHomeGal, Teresa Robinson, Owner/Agent
Contact Teresa at 972.335.0571 or Teresa@NorthTexasHomeFinders.com  Visit www.northtexashomefinders.com for more information.  For community-specific information, also visit www.BuyProsper.com for added content.  Interested in a free market snapshot of your community?  Visit www.dfwhomeexperts.com and sign up today!

Did you purchase a home in 2009?  If so, it’s time to file for your homestead exemption.  You have until the end of March to file, and the service is completely free.  Once you closed on and moved into your new home, you probably started getting a ton of junk mail.  The homestead exemption provides predators another avenue of attack.  You will start, or already have been, receiving official looking documents offering to file your exemption for you for a nominal fee.  Remember, this is a FREE service.  All you need to do is go your local county Central Appraisal District.  Most of them have the necessary forms available online.

You’re probably asking,, “Why do I need this?”  The Texas homestead exemption allows you to reduce the taxable amount of your home by 20% for school taxes.  That saves y0u money.  More importantly, the homestead also provides immunity against forced sale.  A home with the homestead exemption cannot be sold to pay debts.  However, it does not protect you from foreclosure from your lender.  You still must pay to stay.

Article by Chad Underwood, Owner/Associate Broker, www.NorthTexasHomeFinders.com, chad@northtexashomefinders.com

5 Factors That Decide Your Credit Score

Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:

1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history.

2. How much you owe.  If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, it’s a good thing if you have a good proportion of balances to total credit limits.

3. The length of your credit history. In general, the longer you have had accounts opened, the better. The average consumer’s oldest obligation is 14 years old, indicating that he or she has been managing credit for some time, according to Fair Isaac Corp., and only one in 20 consumers have credit histories shorter than 2 years.

4. How much new credit you have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay them promptly.

5. The types of credit you use. Generally, it’s desirable to have more than one type of credit — installment loans, credit cards, and a mortgage, for example.

This article is taken from Realtor.org

I am hear to help you through the entire process. Our company focuses on taking terrific care of our clients’ real estate needs!

Feel free to call or e-mail me!

Amy Underwood

972-921-8787 – Cell

Owner/Buyer Specialist

Amy@NorthTexasHomeFinders.com

www.NorthTexasHomeFinders.com  Please put “Amy” in the How Did You Hear about us