Millennium Realty



Posted by Millennium Realty on 6/14/2018

While buying a home is an exciting time, many buyers actually regret their home purchase. One of the biggest regrets that people have is the size of the house they purchased. People either pick a home thatís too large or too small. It may be hard to imagine that you can make a mistake on the size of the home that your purchase. You go into the home buying process knowing how many bedrooms you need and what type of home you might like. Once you begin living in the house, you could find a different story. You may not have enough space for all of your familyís belongings. On the flip side, you could find the amount of space in your home as overwhelming. 

Buying a home isnít like buying most other things. You canít easily return it, and thereís quite a bit of an upfront investment that must be made in order to make the purchase. Itís not simple to make a change if you buy the wrong house. The wrong purchase could set you back in making a move for years to come. 

Shop Smart

The best thing to do when shopping for a home is not only to see the home in its current state but what type of potential the house has. Can you add on to the home? Would you be able to make use of all the space the home has? Is there enough storage in the house? Are there ways to quickly add storage? These are a lot of things to consider when shopping for a home but theyíre all important questions. Once you move into the home, other than doing a complete overhaul, you may be out of options to improve it without looking for these areas. Of course, the ideal situation is to find a home that already has everything youíre looking for in it.      

Donít Buy Until Youíre Ready

Another mistake that people make is they try to go from renting to owning before theyíre ready. Living in an apartment or rental allows for a bunch of advantages that owning a home may not afford you. Owning a home takes commitment, and some people just arenít ready. Just because itís widely known knowledge that buying a home is a smart financial decision, doesnít mean itís always the best decision for you. You may not be able to afford a house thatís the right size for your family. You may not even know what the right size home will be for you. When these questions remain, you could end up buying a property thatís the wrong size. Donít worry if you need to take a few more years to save up for a house. On the contrary, donít worry if you donít think buying a home is the right decision for you at all.     






Tags: Real Estate   Buying a home   size  
Categories: Uncategorized  


Posted by Millennium Realty on 6/7/2018

As a home seller, receiving the first offer on your residence can be an exciting experience. However, the initial offer on your home may prove to be insufficient for a number of reasons, including:

1. The offer fails to meet your expectations.

Ideally, a home seller will allocate the necessary time and resources to fully analyze a house before adding it to the real estate market. This will enable a home seller to establish realistic expectations for his or her house and price it accordingly.

Conducting a home appraisal offers a great starting point for a home seller to determine the true value of a residence. This appraisal ensures a home inspector will examine a residence's interior and exterior. Then, the inspector will provide a report that details a house's strengths and weaknesses.

With a home appraisal report in hand, a home seller should have no trouble establishing a "fair" price for his or her residence. And if an initial offer falls short of this price, a home seller can politely decline the proposal and wait for additional offers.

2. The homebuyer has submitted a "lowball" proposal.

In some instances, a homebuyer may submit a "lowball" offer in the hopes of acquiring a terrific house at a budget-friendly price. If a home seller cannot differentiate between a reasonable offer and a lowball proposal, he or she risks missing out on an opportunity to optimize the value of a residence.

An informed home seller should examine the prices of available houses that are similar to his or her own. By doing so, this property seller can see how his or her residence stacks up against the competition and map out the home selling journey accordingly.

Moreover, an informed home seller will mow the front lawn, trim the hedges and do whatever it takes to enhance a house's curb appeal. This home seller likely understands the importance of making a positive first impression on homebuyers, and as a result, will perform assorted home exterior improvements to help reduce the risk of receiving a lowball initial offer.

3. The offer does not correspond to the current state of the housing market.

For a home seller, it is essential to work with a real estate agent who can provide full details about the current state of the housing market.

A real estate agent can help a home seller differentiate between a buyer's market and a seller's market. Plus, this housing market professional can provide honest, unbiased recommendations about whether a home seller should decline an initial offer on a home.

Many real estate agents are available in cities and towns nationwide, and these housing market experts are happy to help home sellers in any way they can. If you employ a real estate agent before you list your home, you can reap the benefits of unparalleled guidance at each stage of the home selling journey.

There is no reason to settle for a subpar initial offer on your residence. Instead, consider a first offer closely, and you can make an informed decision about whether to decline or accept it.




Categories: Uncategorized  


Posted by Millennium Realty on 5/31/2018

At itís best, packing and moving your things when you buy a new home is a lot of work. At its worst, it can be downright dangerous if you arenít careful when lifting and moving heavy items.

A necessary evil of moving to a new home, packing is probably the least favorite part of moving for your average homeowner. However, there are ways you can make this process easier, saving you time and ensuring that decorating your new homes is a simple and satisfying task.

In todayís post, Iím going to run down the list of 5 packing and moving tips to help make your move faster and easier than you thought possible.

1. Cleaning and decluttering

One of the best times to clean out your home is leading up to a move. First, if youíre selling your old home, it will pay off to make the house as clean and uncluttered as possible to attract potential buyers. However, youíll also likely find that there is a lot of junk that you simply don't need to bring to your new home.

When packing each room, keep a garbage bag with you for things you might want to donate or throw away. A good rule of thumb is to ask yourself if youíve used or appreciated the item in the last two years. If not, you might find that itís easier just to get rid of.

2. Schedule your packing

There are some items in your home that youíll want available up until the day you move. Others you might not need for weeks or months until after youíve settled into your new home. You can lessen your workload by spreading out your packing process across the span of a month or so, tackling a few items each week.

A good example of planned packing is to start packing your seasonal clothing that you wonít need until the next winter or summer.

3. Have someone carry away your old junk

If you have bulk items or furniture that you plan on getting rid of, put them on Craigslist or call a donation center with pick-up a month in advance of your move. This will help you get rid of large items without ever having to leave your home.

4. Hiring movers

Hiring movers might be out of some new homeownersí budgets. However, there are certain times of the week that you can get lower prices. Movers are typically the busiest on the weekend, often making weekdays a more affordable alternative.

5. Find your local box stockpile

Thereís typically no need to spend money on boxes if you give yourself enough time to find a good supplier. Some grocery and department stores will give away their boxes for free because youíre saving them on recycling costs.

Another good option is your local liquor store who probably has several empty wine and beer cases to give away.




Categories: Uncategorized  


Posted by Millennium Realty on 5/24/2018

A home showing offers a wonderful opportunity for a home seller, as it enables this individual to promote his or her residence to a potential homebuyer. But after a home showing is finished, how should a home seller proceed?

Ultimately, there are several steps that a home seller should expect following a home showing, including:

1. Waiting for a Response from the Homebuyer

The time between when a homebuyer views your home and when he or she provides feedback about a home showing may seem endless. However, home sellers should remain patient and understand that what happens immediately following a home showing often is beyond their control.

Remember, you only get one chance to make a positive first impression on a homebuyer. And if you went above and beyond the call of duty to enhance your residence before the home showing, you've likely done everything you can to put your best foot forward.

On the other hand, if you failed to clean up the kitchen, remove clutter from the basement or perform other home repairs and maintenance, there is no time like the present to get started on these home improvement tasks. Even if an initial home showing was far from perfect, you can always learn from it and allocate time and resources to enhance your house's appearance for future showings.

2. Consulting with Your Real Estate Agent

Your real estate agent will serve as a liaison between you and a homebuyer and keep you up to date with feedback about the home showing.

If the home showing was successful, your real estate agent may come to you with an offer on your house. In this scenario, you'll have a short period of time to decide whether to accept, reject or counter the proposal.

Or, if the home showing was unsuccessful, there is no need to fret. Your real estate agent will be able to share a homebuyer's feedback with you, which may help you discover ways to improve your home.

3. Enhancing Your Home

As a home seller, you may need to host many home showings to stir up lots of interest in your property. And with an experienced real estate agent at your disposal, you should have no trouble getting your home ready for home showings.

Your real estate agent understands what it takes to garner interest from homebuyers. Thus, this real estate professional will offer recommendations and suggestions to help you improve your home quickly and effortlessly.

Also, your real estate agent is available to respond to your home selling concerns and queries. That way, if you're uncertain about how to make your home stand out from the competition, your real estate agent will be able to provide insights and tips to help you do just that.

Collaborate with a real estate agent, and you can streamline the home selling process. This housing market expert will do everything possible to assist you before and after a home showing and ensure that you can promote your residence to the right homebuyers consistently.




Tags: Tips on selling  
Categories: Uncategorized  


Posted by Millennium Realty on 5/17/2018

Estimating the market value†of your home isn't a precise science. There are several factors that go into assessing the value of a home and the process is complicated by changes in the market that can sway home prices in either direction. Since homes are so expensive and are such a huge investment, the pragmatist and worrier in us all wants it to be a clear cut decision backed up by facts. Unfortunately, no two people will ever arrive at precisely the same†number for the value of a home. The good news is that you can use this ambiguity to your advantage when bargaining with prospective buyers. To learn more about the six main factors that determine a home's value, read on.

Condition

Homebuyers don't want to walk into what could be their new house and discover months of expensive repairs and upgrades waiting for them. Especially for busy, young professionals there is great appeal in a home that is move-in ready. If your home needs some work, it will knock off some digits from your asking price.

Location

We would all love to say that having a home near the ocean or the mountains is our top priority. But, let's face it--having a place that is close to your work and that is in a good school district will probably take precedence over our daydreams. Location factors that add value to your home could include close proximity to schools, shopping, highways, and other amenities. However, if your home is far away from them or is in a neighborhood that appears run-down or dangerous you will find the value of your home decreasing. An easy way to get a ballpark figure for your home value is to look up the value of other comparable homes in your neighborhood.

Age

Age is just a really expensive number. For some, buying an old home is a dream they've always had. Old homes have character and offer challenges when it comes to DIY repairs and renovations. For others, an old home means more headaches and more expensive utilities if it's drafty or outdated.

Features

Curb appeal is important, but once your prospective buyers are inside you'll have to keep them around with great, convenient household features. Lots of storage space, updated kitchens with new appliances, finished basements, or a beautiful backyard with a view can all add thousands to a home value.

Size

Square-footage is important to many homebuyers.†In spite of the current trends around minimalism and being eco-friendly, the numbers show that Americans are buying increasingly larger homes and vehicles.

Market

You've probably heard the terms "buyer's market" and "seller's market" thrown around in conversations about real estate. They are essentially descriptions of the supply and demand of homes. Many buyers with few homes means you're in a seller's market, whereas a surplus of vacant homes and few prospective buyers means it's a buyer's market. This is closely tied to location,†different cities and suburbs experience different rates of growth and decline depending on the local economy.




Tags: Real Estate   home   value   home value  
Categories: Uncategorized  




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