Cove Real Estate



Posted by Cove Real Estate on 10/13/2017

Selling a home in a buyer's market may seem like a major struggle, particularly for those who are listing a residence for the first time.

Fortunately, we're here to help you streamline the process of selling your house so you can get the best price for your residence, even in a buyer's market.

To better understand how to succeed in a buyer's market, let's take a look at three factors that every home seller should consider before they list a residence.

1. Your Home's Condition

What is the current state of your home? Ultimately, your home's condition will play a key role in how quickly you can sell your house, regardless of whether you're operating in a buyer's or seller's market.

Before you add your residence to the real estate market, it often is a great idea to complete a property appraisal. This evaluation will allow you to learn about your house's strengths and weaknesses and prioritize home improvement projects.

Furthermore, there are many quick, easy ways to enhance your home's interior and exterior.

Removing clutter from your home offers an excellent option for those who want to free up space inside a residence. Or, you can always trim the hedges, remove dirt and debris from walkways and perform other home exterior tasks to bolster your house's visual appeal.

2. Your Timeline

When do you need to sell your home? If you're in a hurry to sell your home, you'll need to proceed cautiously, especially if you're operating in a buyer's market.

In this scenario, you'll want to establish a competitive price for your home from the get-go. This will require you to analyze the prices of similar homes in your area so you can better understand how your house stacks up against the competition.

If you have several months to sell your home, you may be able to wait out a buyer's market. In the meantime, you can always complete assorted home improvements to upgrade your house both inside and out.

3. Your Housing Market Expertise

How do you intend to get the best price for your home in a buyer's market? You may need extra help along the way. Lucky for you, a real estate agent is happy to provide you with the assistance you need to succeed.

A real estate agent is a housing market expert who understands what it takes to sell a home in a buyer's market. He or she will be able to help you prep your home for the real estate market so you can speed up the home selling journey.

Usually, a real estate agent will promote your house to potential homebuyers, keep you up to date about offers on your house and negotiate with property buyers on your behalf. This housing market professional also can provide honest, unbiased home selling recommendations at each stage of the home selling cycle.

Remove the guesswork that is commonly associated with selling a home in a buyer's market – use these tips, and you should have no trouble generating plenty of interest in your residence as soon as it becomes available.





Posted by Cove Real Estate on 10/6/2017

The last thing you want to admit is that your home has become a place of contention. When you recall that amazing day when you first cuddled your newborn child lovingly in your arms, it may startle you that your child and you argue daily now that your child has entered the teen years. Years ago, you swore this day would never come. You and your child’s relationship was going to be different, better than the relationship that you and your parents had.

Confronting the dilemma of growing teens and a shrinking house

The subject matter of your arguments with your teen also surprises you. Somehow the disagreements always swing around to space. There never seems to be enough space at your house anymore.

One of the quickest ways to start a heated disagreement is to cramp your teen’s space. And it’s not that teens need a lot of square footage. Teens demand privacy. It’s their way to gain independence. “Knock before you come into my bedroom;” “Don’t go near my journals” and “Stay out of my space” are common demands that teens make of parents.

Demanding that you steer clear and not encroach on their personal space isn’t the only way that teens can make your house feel far too small. To assert their independence, teens may leave dirty clothes piled in their bedroom.

As a child, they may have obeyed you and cleaned their room every weekend. Now, they treat their bedroom as if they built the room, as if they paid for the room. It’s away to let you know that you’re not calling the shots anymore. Your teen is becoming an adult. Problem is that she is becoming an adult under your roof.

Teens still need your support at home

To push you out, teens might spend hours on social media, watching TV or playing video games, all with their bedroom door closed, another “keep out” message sent to you. Much of this behavior is typical. Teens aren’t only entering adulthood. They are dealing with hormonal changes. They may feel uncertain and afraid, but they may not tell you, especially if they want to stand on their own.

This is a time when your house can feel tiny. You may wish that you had an in-law suite that you could move your teens into just so you don’t feel as if your teens are constantly angry with you. You and your teens will navigate this turbulent terrain, especially if you set clear boundaries when your children were young.

If your teens spend most of their time in their bedroom, check to see that they aren’t simply gazing out the window or lying in bed all day. If they are, consider seeking a professional’s counsel, as your child could be dealing with anxiety or depression.

Give your child space at home without removing yourself from your child’s life. Despite what teens say, they need you. Should you be years away from having teens in your home, make sure that you set clear boundaries. Also, create communication spaces in your home. The kitchen is a good spot. For generations families bonded around the kitchen table, and not just during holidays.

Back porch swings or a den are other places that make for great family bonding areas. On their roughest days, your teens may visit these areas of your home on their own. Pay attention. It could be a signal for you to come and talk with them.





Posted by Cove Real Estate on 9/29/2017

As a home seller, you're almost ready to list your home on the real estate market. For instance, you've committed a lot of time and money to complete extensive home repairs, conducted massive amounts of cleaning and even started working with a professional real estate agent. But even after all of your efforts, you still need to complete several last minute tasks to ensure your house is ready for prospective homebuyers to check it out. So what does it take to guarantee your house is ready for a home showing? Here are three last minute tips for home sellers to get a residence prepared for an upcoming showing: 1. Focus on the Flow of Traffic. Is it easy for homebuyers to get around your house? If large, bulky furniture and clutter fill your residence's walking paths, it may be difficult for homebuyers to walk around comfortably. Therefore, you'll want to spend some time investigating the traffic flow in each room of your home and ensure that homebuyers can explore your entire residence quickly and effortlessly. In the hours leading up to a home showing, you can improve the flow of traffic in any room simply by rearranging furniture as needed. Remember, you'll want to give homebuyers plenty of space, and moving furniture to ensure homebuyers can move around with ease is critical. You also can rely on your real estate professional for support in this area, as he or she will be able to provide you with last minute guidance to empower you to maximize the flow of traffic in every room. 2. Hide Your Personal Items. You know the photographs, trophies and other personal belongings that fill various rooms in your home? In order to provide a great first impression of your house, you may want to consider hiding these items before your home showing. The goal of a home showing is to give homebuyers a glimpse into what life would be like if they choose to purchase your residence. And if you keep your personal belongings out of sight, you can empower homebuyers to realize your home's potential and improve your chances of making a distinct first impression on homebuyers, too. Take a few minutes to place personal items in a desk drawer, a box in your attic or basement or other areas where these pieces will be out of sight during a home showing. By doing so, you can help your house create a unique impression, one that may make your home more attractive to prospective homebuyers. 3. Keep Your Home Clean. Ensure you make your bed, clean up your kitchen after breakfast and perform other last minute cleaning tasks to guarantee your home looks pristine. Ideally, any last minute cleaning tasks should only take a few minutes to perform. But ultimately, these efforts can make a world of difference in the eyes of prospective homebuyers. Guarantee your home is ready for an upcoming home showing – utilize the aforementioned tips, and you'll be able to accentuate the positives of your home to homebuyers at any time.





Posted by Cove Real Estate on 9/22/2017

Many Americans imagine a specific type of house when they think about the place where they want to spend their adult years, perhaps even raise a family. It could be a one level rancher, a duplex or townhouse or a single home that's built on several acres of open land.

Housing preferences start early and may be hard to change

People even visualize amenities and room types that they want in a house. For some, only an open floor plan is acceptable. Other people prefer a home that has lots of doors. It's the latter multi-door structure that may draw up warm feelings of safety, comfort and care that a person felt when he was a child living at home with his parents in a traditionally structured house.

These warm feelings of safety, comfort and care can be hard to relinquish. They could indicate that housing preferences are formed during childhood. Should this be the case and an adult has yet to work through one or more deep childhood issues, it could be hard for this person to open up to the idea of living in a house that doesn't resemble the house that he grew up in.

But, as with any house, childhood homes had challenges. Parents simply may not have discovered those housing challenges with their children, especially considering that children probably did not have the resources at the time to do anything about the challenges. Lack of knowledge about the challenges could have left some people with the impression that the house they grew up in was a great home when, in fact, it may not have been.

Before you know it, when adults start the house hunting process, they could be fixated on a certain type of house. Living in a certain type of house could be so important to some people that they not only refuse to consider buying a different house, these people could also lose sight of how important neighbors are when it comes to enjoying a home.

Focusing on a house alone could be a backward approach

Focusing on a house alone could create blind spots. For example, while attending open houses or driving by houses with "for sale" signs posted in their front yards, house hunters could ignore the fact that they hear loud music playing the entire hour that they are in the neighborhood.

Other neighborhood happenings that might be in plain sight but get ignored include litter in neighboring yards, tall grass, a vacant building, unleashed pets or a multitude of cars parked in front of one or more neighbors' houses. The parked cars aren't a problem on major holidays. But, let one or more neighbors have cars parked in front of the house year round and it could create limited parking choices, long walks from your vehicle home or that a neighbor is operating a business that encroaches on other neighbors' lives outside her home.

Of all neighbor regrets, the litigious neighbor might top the list. Buy a house in a neighborhood where a neighbor is addicted to dragging people in and out of civil court and the house buy could prove emotionally, psychologically and financially costly. It's this price that can easily trump a house's layout,amenities and structure, even if the house meets childhood and adult living arrangement dreams.

Therefore, it's smart to enter the house buying process with your eyes wide open. Eliminate blind spots and pay attention to what's going on in the neighborhood you're thinking about buying a house in. After all, your future neighbors are going to influence your overall perception of your home.




Categories: Uncategorized  


Posted by Cove Real Estate on 9/15/2017

Establishing a homebuying budget can be tough. But for those who want to secure a terrific home at an affordable price, entering the housing market with a budget in hand can make it easy to accelerate the homebuying cycle.

Now, let's take a look at three questions to consider about a homebuying budget.

1. How much money have I saved for a home?

Examine your finances and see how much money is readily available for a home purchase.

Remember, the more money that is at your disposal, the more likely it becomes that you'll be able to secure your dream residence in no time at all.

Although savings are important, it is essential to note that those who have little to no money saved still have plenty of time to get ready for the homebuying journey. And if you start saving a little bit each day, you can move closer to accomplishing your homeownership dreams.

2. Do I need to get a home loan?

In most instances, a homebuyer will need to obtain a home loan so he or she can purchase a residence. Luckily, many lenders are available to help you discover a home loan that matches or surpasses your expectations.

Meet with a variety of lenders in your area – you'll be glad you did. Each lender can provide insights into assorted home loan options, explain how each home loan works and respond to your home loan concerns and questions.

Also, it often helps to get pre-approved for a mortgage. If you have a mortgage available when you enter the real estate market, you'll know exactly how much you can spend on a residence, thereby reducing or eliminating the temptation to overspend on a house.

3. How will my monthly expenses change after I buy a house?

Owning a home is different from renting an apartment. As such, you'll want to account for all potential expenses as you create a homebuying budget.

For example, a homeowner will be responsible for any home cable, internet and phone bills. This property owner also will need to consider any home maintenance costs like those associated with mowing the lawn in summer or removing snow from the driveway in winter.

Crafting a homebuying budget that accounts for your personal finances can be tricky. If you need additional support along the way, lenders may be able to provide expert tips to ensure you can acquire a wonderful house without exceeding your financial limitations.

Lastly, don't forget to reach out to a real estate agent for help along the homebuying journey. A real estate agent is a housing market professional who will go above and beyond the call of duty to assist you in any way possible. From setting up home showings to negotiating with home sellers on your behalf, a real estate agent will make it easy for you to secure a superior home at a budget-friendly price.

Consider the aforementioned homebuying budget questions, and you can speed up the homebuying process.




Tags: budgeting   buyer tips  
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