The John Barrett Real Estate Team

Posted by The John Barrett Real Estate Team on 4/2/2017

Home selling regrets are not the work of fiction. Each year, Americans sell their house only to look back and regret that they hadn’t done something differently. Putting too much focus on a single part of the home selling process could lead to regrets. So too could rushing to find a buyer.

Mistakes that you make as a seller could haunt you for months. Before you sign a deal with a buyer, review the below list to avoid making home selling regrets.

  • Focusing only on money – Walking away with a good overall purchase price for your house is great. However, it’s not great if clauses in the contract make you responsible for all of the closing, inspection and repair costs. Don’t get consumed with the overall amount that you’reselling your house for. Pay attention to small details.
  • Pricing too high or too low – As much as you don’t want to over price your house and drive potential buyers away, you also don’t want to price your house too low. People tend to value a product based on its price. Make sure that your house’s price is competitive. An experienced,reputable real estate agent can help you with price setting.
  • Being dishonest – Not telling buyers about hidden problems could keep you up at night, especially if you know that the house has termites, a swarm of seasonal pests or a wiring problem that’s a fire hazard.  
  • Not caring about the buyer – Setting a competitive, yet fair price on your house isn’t the only way to show buyers that you care about them. It’s good for buyers to know if there have been a rash of burglaries on the street that you live on. It’s also good to select buyers who will help to keep the community strong.
  • Feeling desperate and accepting the next offer –There are times when you may have already bought another house. This could cause you to feel pressured to accept the first offer on your house. To avoid this home selling regret, wait until you sell your house to buy another home.For example, you could rent an apartment after you sell your house to avoid paying two mortgages.
  • Being too attached to the property – No buyer will seem right to you if you’re too attached to your home.
  • Trying to impress buyers – Stage to highlight the best parts of your house, not to impress buyers with your interior design skills or your economic level. You don’t have to buy expensive furniture for house staging. You could use your current furniture during staging.
  • Repairing every hole in the wall – Your house does not have to look brand new. You don’t have to repair every dent, hole and crack that you see with a magnifying glass. Get your home up to housing codes and in good condition, but, it doesn’t have to be perfect.
  • Not cleaning up pet hairs – Buyers aren’t turned on by seeing pet hairs. Get out the shampooer and vacuum cleaner and get pet hairs up.
  • Improve curb appeal – Strengthen your house’s curb appeal and you could get more money for your house. Get weeds out of the yard, treat the grass, clean up pet poop and plant flowers in your front and back yards.

There’s a lot to do when you sell your house. You have to clean, advertise that you’reselling your house, prepare your house for staging, negotiate with buyers and then pack and move to your new home. The last things that you want to deal with are home selling regrets.

Posted by The John Barrett Real Estate Team on 10/30/2016

If you're planning on selling your home in the coming years, now is the perfect time to start making home improvements that will increase the value and demand of your home once it's on the market. Increasing the market value of your home, however, isn't just a matter of replacing old appliances or dressing up rooms to look more luxurious. Follow these five expert tips on how to increase your home value without wasting time or money on projects that won't pay off.

Paint everything

One basic improvement that will almost always pay off is a fresh coat of paint in each room of your home. It isn't a very costly improvement, and it can both clean up and modernize rooms that are in need of an update. Remember that your walls make up the majority of what buyers see when they walk through your home. The wall paint makes up the big picture that all of the small details of your home fit in, therefore your paint colors should be chosen to fit the style of the home and the time that we live in. Avoid colors that are too dark or too blindingly white. If you're at a loss for which colors you want to use, try out a free color palette creator online to experiment with different schemes.

Door replacement

As a new home buyer approaches your home for the first time their eyes are going to be locked on the door. Take advantage of good first impressions with a quality door. One that compliments the exterior color of your home will do wonders to improve the overall appearance of your home. Aside from their aesthetic value, doors also provide insulation and security. Choose a door that is EnergyStar certified to keep the heat in, but also make sure it has top rate locking mechanisms so the next family to live in your home feels safe.

Increase storage space

Storage capacity is highly sought after in the house market. No one wants to drive to a storage container just to get their belongings. Having all of your property in one place makes things less complicated. Increasing storage space can seem difficult or impossible, but there are a few tricks that will help convince potential home buyers that they won't run out of room. Here are four of our favorites:
  • Install storage beds in the bedrooms
  • Buy a kitchen table with a storage cabinet
  • Put a bench in the mudroom that has storage inside
  • Install cabinets in your garage or shed to take advantage of unused vertical space

Kitchen and bathroom makeover

Two rooms in your home that will attract the most attention are the kitchen and bathroom(s). The kitchen has endless opportunity for upgrades. Installing a new sink, cabinets, and a hanging pot rack can all give your kitchen a modern makeover. In the bathroom, surface level upgrades like a new toilet seat and shower curtain and bathroom mirror go a long way. Upgrading an old bathtub, shower head, and toilet are also great ways to increase the value of the room. Keep in mind energy efficiency when purchasing any of these items. Know the neighborhood Determining which home improvements will most increase the value of your home is dependent on many factors, including the neighborhood you live in. It is possible to "over-improve" your home to the point where it looks too luxurious next to your neighbors' homes. Ask the experts--real estate agents and contractors--for advice about improving homes in your neighborhood.

Posted by The John Barrett Real Estate Team on 9/11/2016

Many people think they can go it alone when it comes to selling their home but there are many good reasons to hire a professional to do the job. Here are just a few of the many reasons to hire a real estate agent when selling your home: According to a study done by the National Association of Realtors, a seller who uses a real estate agent typically gets 16% more in the sale of their home than an unrepresented seller. It won't cost you a dime unless the home sells. A real estate agent and their company take on all of the costs of marketing your home and don't get paid unless the home sells. Negotiating can be tough especially when it is your own home. Your agent will do all the negotiating for you. Real estate paperwork can be confusing. Your agent will take of all the paperwork and make sure everything is done according to the laws in your area. There is no emotion. Selling your home can be emotional and using a real estate professional will help you objectively evaluate offers and determine a selling price. Just like any job it is always better to hire a professional. "When you hire people that are smarter than you are, you prove you are smarter than they are.”  R.H. Grant  

Posted by The John Barrett Real Estate Team on 1/17/2016

You have made the decision to put your home up for sale. Before you stick the sign in the yard there are a few things you will want to do. Buyers can be picky and the competition can be stiff. So now is the time to do all the little repairs you've always meant to do but never had the time for. Here are just a few of the basic repairs you will want to conquer before the first prospective buyer walks through the door: 1.Tackle the Entrance This is the first thing people see when they come to your home. Paint the front door and trim surrounding the door. Repair sagging screen doors and replace any missing or corroded hinge screws and tighten the rest. 2. Spruce up the Perimeter Walk the perimeter of your home, clear away dead plants, clip blossoms, and clear away leaves and other yard waste. 3. Recheck the roof Any problem that has the word roof in it scares a buyer away immediately. Replace missing shingles and fix hanging gutters.  Remove any moss growing on the roof as this shows signs of neglect. 4. Clear and caulk gutters. Clear all the debris out of the gutters and recaulk the gutter end caps. 5. Patch nail holes and repaint. Patch up nail holes in the walls of your home. Use a lightweight putty to fill the holes and paint the repaired spots. 6. Clean the Grout Deep clean tile grout with bleach.  Regrout tiles where needed and recaulk cracks between sinks, tubs, toilets, counters and floors. This will give your tile a whole new look. 7. Stop Dripping Faucets Fix leaky faucets before the buyer notices them.  You may need to call in a plumber to do this task. Before you do that you can shut off the water supply and check for moisture on the wall around the valves and on the floor of the sink cabinet. Many hardware stores carry faucet rebuild kits that contain the 6 to 12 parts most likely to fail, including the metal ball, O rings, springs and gaskets.    

Posted by The John Barrett Real Estate Team on 1/10/2016

Knowing who the home buyers are when selling your home can help you create a successful marketing plan. It is important to create a marketing plan around the potential pool of buyers for your home. Each year the National Association of Realtors conducts a survey to find out who buyers are and what they are looking for. Here is just some of what they found: Are you surprised by any of these statistics? If so, what surprised you?