Tuesday, March 23, 2010

5 Things to do Before Putting Your Home on the Market

1. Have a pre-sale home inspection. Be proactive by arranging for a pre-sale home inspection. An inspector will be able to give you a good indication of the trouble areas that will stand out to potential buyers, and you’ll be able to make repairs before showings & open houses begin.

2. Organize and clean. Pare down clutter and pack up your least-used items, such as large blenders and other kitchen tools, out-of-season clothes, toys, and exercise equipment. Store items off-site or in boxes neatly arranged in the garage or basement. Clean the windows, carpets, walls, lighting fixtures, and baseboards to make the house shine.

3. Get replacement estimates. Do you have big-ticket items that are worn our or will need to be replaced soon, such your roof or carpeting? Get estimates on how much it would cost to replace them, even if you don’t plan to do it yourself. The figures will help buyers determine if they can afford the home, and will be handy when negotiations begin.

4. Find your warranties. Gather up the warranties, guarantees, and user manuals for the furnace, washer and dryer, dishwasher, and any other items that will remain with the house.

5. Spruce up the curb appeal. Pretend you’re a buyer and stand outside of your home. As you approach the front door, what is your impression of the property? Do the lawn and bushes look neatly manicured? Is the address clearly visible? Are pretty flowers or plants framing the entrance? Is the walkway free from cracks and impediments?

"Copyright National Association of REALTORS®, Reprinted with permission."


E Mack's Real Estate Blog
By: Emily MacKendrick, REALTOR, Eva Carey Realty
Urbana, Springfield & Champaign County Real Estate

For information about area homes in Champaign & Clark counties,please contact Emily MacKendrick at 937-215-0977 or Emily@EvaCareyRealty.com

Get the latest local market trends...click the link below to sign up for MLS Market Snapshot: http://www.homeinsight.com/Widget/default.asp?1S6I1F5NAXKZ

Thursday, March 18, 2010

Sellers, Is Spring Your Season?

We've all heard the Spring is the best time to put your house on the market. Home sales have seasonal trends with sales generally weakening from September and continuing to February, before a solid upturn in the spring buying season. For example, home sales closings in January and February (reflecting contract signings over the holiday season) typically are about half of the peak selling season in late spring to early summer. (In the past three years in Champaign County there have been an average of 14 more homes sold in the Spring and early Summer months than during the other seasons.)


With spring selling season arriving, take the time now to polish your home to perfection.

Spring Cleaning Checklist
1. Let the sun in. Make any room look brighter with clean blinds and windows. Mix a solution of one part white vinegar to eight parts water, plus a drop or two of liquid dishwashing liquid, for a green window cleaner. Spray on and wipe with newspaper to avoid streaks. (Washing on a cloudy day also reduces streaking.)

Showing tip: Replace heavy drapes with lightweight shears during warmer months to give a room a brighter, lighter feel for prospective buyers.

2. Sniff out smells. Check the drip tray underneath your refrigerator and wash out any standing water from defrosting. Remove inside odors by washing the inside of the fridge with a baking soda and water solution. Boil lemon juice in your microwave and add it to your dishwasher to eliminate bad smells. Also, put the lemon rinds down the disposal. Add activated charcoal in the fridge to keep odors at bay.

Showing tip: Make the fridge smell fresh instantly with cotton balls soaked in vanilla extract or orange juice.

3. Make your bed better. Vacuum mattresses and box springs, and then rotate and flip over. Do the same for removable furniture cushions. This is also a great time to wash or dry-clean the dust ruffle and mattress pad.

Showing tip: Add new loft to a lumpy comforter by having two people vigorously shake the quilt up and down to redistribute stuffing.

4. Clean those coils. Improve energy efficiency by vacuuming grates, coils, and condensers in your furnace, stove, and refrigerator (either underneath or in back). If a vacuum won’t reach, try a rag tied to a yardstick.

Showing tip: Shut some air conditioning vents on the first floor or basement so that more air will reach and cool the second floor. Reverse the process in winter for heat vents.

5. Wash the walls. Grease, smoke, and dust can adhere to walls and make even the best decorating look dingy. Wash walls using a general-purpose cleaner with hot water. Start at the top of the wall to avoid drips and in a corner so that you wash one wall at a time. Rinse the mop head frequently in clean water. And don’t press too hard because flat latex paint won’t absorb too much water.

Showing tip: Resist the temptation to spot-clean walls since it will make the rest of the wall look dingy.

"Copyright National Association of REALTORS®, Reprinted with permission."

E Mack's Real Estate Blog
By: Emily MacKendrick, REALTOR, Eva Carey Realty
Urbana, Springfield & Champaign County Real Estate
For information about area homes in Champaign & Clark counties,please contact Emily MacKendrick at 937-215-0977 or Emily@EvaCareyRealty.com


Get the latest local market trends...click the link below to sign up for MLS Market Snapshot: http://www.homeinsight.com/Widget/default.asp?1S6I1F5NAXKZ

Monday, November 30, 2009

Short Sales

E Mack's Real Estate Blog
By: Emily MacKendrick, REALTOR, Eva Carey Realty
Urbana, Springfield & Champaign County Real Estate

The economic downturn has triggered a surge in short sales as homeowners who cannot afford to keep their home seek to protect their credit by avoiding a foreclosure. Data from the National Association of REALTORS® reveals one-third of all existing homes sold recently were either short sales or foreclosures.

Unfortunately, many who have navigated a short sale can attest that the process is anything but short. In a short sale, the lender – or lenders – agree to accept less than the mortgage amount owed. REALTORS® all over the country have reported short sale transactions that took anywhere from six months to nearly a year to close. Many buyers become frustrated and withdraw their offers because they don’t want to wait.

REALTORS® build communities and know the impact a foreclosure can have on a family and surrounding neighborhood. In cases where families are absolutely unable keep their homes, Realtors® are urging lenders and servicers to approve reasonable short sale offers that allow these people to avoid foreclosure.Earlier this year, the Obama administration introduced the Foreclosure Alternatives Program as part of its Making Home Affordable program. When implemented, the FAP will establish financial incentives to encourage servicers, sellers and second lien holders to streamline the short sales process. The program will also provide standardized documents, including short sale agreements and offer acceptance letters.

For buyers, although short sales aren’t the easiest transactions to undertake, they can offer tremendous opportunities. Many first-time buyers are attracted to short sales as a way to build their future through homeownership. Just a few short years ago they were priced out of the market and are now able to own a home of their own.

For information about area homes in Champaign & Clark counties,please contact Emily MacKendrick at 937-215-0977 or Emily@EvaCareyRealty.com
-
Get the latest local market trends...click the link below to sign up for MLS Market Snapshot: http://www.homeinsight.com/Widget/default.asp?1S6I1F5NAXKZ

Thursday, November 19, 2009

Open House Sunday, November 22, 2009

E Mack's Real Estate Blog
By: Emily MacKendrick, REALTOR, Eva Carey Realty
Urbana, Springfield & Champaign County Real Estate



OPEN HOUSES for Sunday, November 22, 2009



1345 S. DUGAN RD., URBANA - Open 2-4pm with Emily MacKendrick

directions: St. Rt. 29 east of Urbana, turn South onto Dugan Rd., house approx 3/4 mile on left.



For information about area homes in Champaign & Clark counties, please contact Emily MacKendrick at 937-215-0977 or Emily@EvaCareyRealty.com

Sunday, November 8, 2009

OPEN HOUSES Sunday, November 8th

E Mack's Real Estate Blog

By: Emily MacKendrick, REALTOR, Eva Carey Realty

Urbana, Springfield & Champaign County Real Estate



OPEN HOUSES for Sunday, November 8, 2009



1345 S. DUGAN RD., URBANA - Open 2-4pm with Eva Carey

directions: St. Rt. 29 east of Urbana, turn South onto Dugan Rd., house approx 3/4 mile on left.



132 W. POPLAR ST., ST. PARIS - Open 2-4pm with Emily MacKendrick

directions: US Hwy 36 into St. Paris, turn South onto Springfield St., then West on Poplar St.



For information about area homes in Champaign & Clark counties,please contact Emily MacKendrick at 937-215-0977 or Emily@EvaCareyRealty.com

Thursday, November 5, 2009

Congress Extends & Expands $8000 Home Buyer Tax Credit

E Mack's Real Estate Blog
By: Emily MacKendrick, REALTOR, Eva Carey Realty
Urbana, Springfield & Champaign County Real Estate

Great News! Congress has extended and expanded the $8000 first-time home buyer tax credit. Now onto President Obama for his signature. Click the following link to learn more...

http://money.cnn.com/2009/11/05/news/economy/Extending_unemployment_benefits/index.htm?cnn=yes

For information about area homes in Champaign & Clark counties,please contact Emily MacKendrick at 937-215-0977 or Emily@EvaCareyRealty.com

Monday, November 2, 2009

Real Estate: A LONG-TERM INVESTMENT

E Mack's Real Estate Blog
By: Emily MacKendrick, REALTOR, Eva Carey Realty
Urbana, Springfield & Champaign County Real Estate

Is our local real estate market facing some challenges? Sure! But overall there are many opportunities in our local real estate market today. Real estate continues to be a solid long-term investment. In fact, owning a home is still one of the best long-term investments you can make. In a recent Baylor University study, eight out of 10 economists agreed that home prices will rise again in the next five years. Taking advantage of today’s buyer opportunities is a smart move because these incentives won’t be around forever, but the American dream of homeownership will endure. Families need a place to call home, and the pride and community engagement that comes with homeownership continues to stand the test of time. Today’s home buyers will reap the benefits of establishing future long-term wealth, both socially and financially.


Eva Carey Realty is working in several ways to help you understand conditions in our local market and take advantage of the opportunities to invest in real estate:

*We provide consumers with the latest information on home sales and prices and what factors are likely to drive the market in the months and years ahead;
*We can help educate prospective homebuyers about the various loan products available to them; and
*We are supporting our National Association of REALTORS who are working with lawmakers to provide more affordable financing options that will enable homebuyers and homeowners to keep their homes for the long term.

Homeownership is part of the American dream for a reason. It’s an investment in your future. If you’re on the fence about whether or not now’s the right time for you to make that investment, let’s talk so that I can explain the process, identify opportunities in our local market, and show you options that best fit your situation.

For information about area homes in Champaign & Clark counties,
please contact Emily MacKendrick at 937-215-0977 or
Emily@EvaCareyRealty.com