--Thinking of Selling Your Home?--

There are two reasons for pursuing home improvement projects:

A: Just Want To Do It: You want some new features in a home to improve your family's quality of life, but you don't want to leave your current home.
  • Say you have two or three teenagers in the family and the morning bathroom situation is completely out of control. It doesn't matter if an additional bath generates a 150 percent return on investment or actually decreases the value of the home (unlikely, unless you're a completely incompetent do-it-yourselfer with a bizarre design sense). The economic impact just doesn't matter. If you have the money for a new bath and you don't want to move, you add the bath. It's that simple.

B: Really Need To Do It: You want to make your home more marketable to maximize return (or minimize loss) and speed up the sale process.
  • Home improvement project is pursued primarily to increase the property's salability. In turn, this often increases your return on investment. A good real estate agent can advise you of possible improvements that will attract more potential buyers and also pay for themselves either through increasing the home's value or through shortening the time it takes to sell the home.
  • Here we're typically talking about projects such as: painting - either because the existing paint is in bad shape or is an unusual color; replacing carpets - again because of age, color or style; repairing or resurfacing a cracked driveway or sidewalk; refacing kitchen cabinets; and trimming or removing overgrown or unattractive landscaping
  • While spending several thousand dollars on your home right before you sell it might not sound very appealing, it's not uncommon for the right work to more than pay for itself in a higher selling price and shorter marketing time.

Colorado Springs Real Estate
Click on any of the links below to find out more!


Finding Money for Home Improvements
RE/MAX National Housing Report
Pending Home Sales on the Rise
What is a Short Sale? 
Tips for Selling a Vacant Home

  • Preparing to Sell Your Home
         --Finding a Reputable Contractor
         --    Six Inexpensive Ways to Add Instant Curb Appeal
         --    How to Price Your Pikes Peak Area Home to Sell
  • Working Relationships Defined

    Buyer's Agent: A buyer's agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity.  The agent negotiates on behalf of and acts as an advocate for the buyer.  The buyer's agent must disclose to potential sellers all adverse material facts actually known by the buyer's agent including the buyer's financial ability to perform the terms of the transaction and if a residential property, whether the buyer intends to occupy the property.  A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer.

    Seller's Agent: A seller's agent (or listing agent) works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller. The seller's agent must disclose potential buyers all adverse materal facts actually known by the seller's agent about the property. A separate written buyer agency agreement is required which sets for the duties and obligations of the broker and the seller.                                                                                                                                                   

    Transaction Broker: A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction without being an agent or advocate for any of the parties.  A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a buyer's financial ability to perform the terms of a transaction and if a residential property, whether the buyer intends to occupy the property.  No written agreement is required.

    Customer: A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker, either as the party's agent or as the party's transaction-broker.






 


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