So, you've decided to sell your home and everyone thinks your nuts!!! Maybe not! You can buy so much more home now for the price than you could just a few years ago. The trick is not owing much on your existing home. If you can get any equity out or just break even, you can still buy more home now while the market is down. When it starts back up, and it will, you'll look like a genius when others are standing on the sidelines.
Here's what you have to do to get the most for your money.
1. Make your room colors more neutral. Now, I don't mean boreing but, neutral. Soft colors will add warmth and make the rooms look fresh.
2. Clean or replace carpet. It's relatively inexpensive but, it makes a difference to a buyer when they can just walk into a live-in-ready house.
3. Get rid of the clutter. You're moving OUT right? So, pack up the 'stuff' and get it out. Leave some furniture and accent pieces but, personal photos, etc. need to be gone. It makes the potential buyer feel like they are intruding plus with all the 'stuff' around the house, they can't visualize how their 'stuff' will fit. Remember, you're wanting to move so, someone else can move IN. Make it inviting.
4. Clean up the yard. Trim bushes, flower beds, grass, edge the sidewalk. Anything that makes it look like the buyers are getting a bargain. Less work for them will mean more dollars for you.
5. Make repairs or update things you've put off. Hot water heaters, HVAC systems, stove/ovens, dishwashers, things that might go out the minute you move out. This adds more value for the buyer and more cash for you. Besides, these are things you've been putting off anyway and the home you're buying will gain more cash for you later.
I know it might sound like a lot but, don't think of it as money your throwing away. You're investing in your NEXT home that's going to increase in value more than your existing home. You'll get it returned to you in the next house. I've never EVER seen a market like this where you can borrow money so cheaply and buy at such a low price.
Mark my words, there will be more millionaires come out of this recession than you can imagine.
Here's what you have to do to get the most for your money.
1. Make your room colors more neutral. Now, I don't mean boreing but, neutral. Soft colors will add warmth and make the rooms look fresh.
2. Clean or replace carpet. It's relatively inexpensive but, it makes a difference to a buyer when they can just walk into a live-in-ready house.
3. Get rid of the clutter. You're moving OUT right? So, pack up the 'stuff' and get it out. Leave some furniture and accent pieces but, personal photos, etc. need to be gone. It makes the potential buyer feel like they are intruding plus with all the 'stuff' around the house, they can't visualize how their 'stuff' will fit. Remember, you're wanting to move so, someone else can move IN. Make it inviting.
4. Clean up the yard. Trim bushes, flower beds, grass, edge the sidewalk. Anything that makes it look like the buyers are getting a bargain. Less work for them will mean more dollars for you.
5. Make repairs or update things you've put off. Hot water heaters, HVAC systems, stove/ovens, dishwashers, things that might go out the minute you move out. This adds more value for the buyer and more cash for you. Besides, these are things you've been putting off anyway and the home you're buying will gain more cash for you later.
I know it might sound like a lot but, don't think of it as money your throwing away. You're investing in your NEXT home that's going to increase in value more than your existing home. You'll get it returned to you in the next house. I've never EVER seen a market like this where you can borrow money so cheaply and buy at such a low price.
Mark my words, there will be more millionaires come out of this recession than you can imagine.
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