HOMM Real Estate Services Blog



Spring is in the air

We already know that Spring is one of the best times to sell your home. Winter has passed, and the colder weather is making way for longer, brighter and warmer days. The old adage is true: “Spring is in the air” and it brings about a new bloom of activity for everyone.

Now that you’ve decided to sell your home, it’s time to prep your home to a magazine-worthy level!

How do you get there? What should your priorities be? Should you refresh or go as far as remodeling or refurbishing? We have the answers to your questions with these tips for selling your house in Spring:

No room for dust bunnies

A clean home inside and out is a given – so put your back into it and apply some elbow grease! There is nothing more off-putting to potential buyers than being able to write their name in the dust. Buyers will question if an uncared-for home could be hiding other potential issues – and you never want a buyer to have a negative impression or perception of your home based solely on poor presentation. Even though you’re not always selling furnishings and accessories, consider the overall look, feel and aroma of your home.

Here’s your cleaning to-do list:

  • Clean upholstered furniture: Take cushions and pillows outside and beat them to remove dust and dirt. If needed, have pieces professionally cleaned.
  • Shine the windows: Deep clean all windows and polish the hardware.
  • Wax wood furniture: Dusting is not enough to care for your wood furniture. Use a paste wax to restore the natural beauty of your wood.
  • Polish the wood floors: Wash or wax your wood floors to protect them as well as remove dirt and stains.
  • Brighten the tile: Grout is prone to darken and fade in color, so it’s worth splurging on professional grout cleaner to brighten tile floors, back splashes and shower walls.
  • Clean the carpets: It’s simple enough to rent a carpet-cleaning machine or bring in the professionals. Coffee, tea, wine, ground-in dirt and all other unknown stains should be shampooed away.

Make the mental move

Letting go can be difficult, especially if you’ve lived in your home for many years. It’s personal, but it’s time to make the emotional break. You have to level with yourself, making the mental decision to let go of your emotions and focus on the fact that soon this house will no longer be yours.

De-cluttering and de-personalizing not only helps with the emotions, but also makes the spaces more appealing to potential buyers and ultimately, preps the house for the next home owners.

We always suggest starting with the attic and then the garage. Determine what you don’t need to take to the new house and consider having a garage sale or donating the items. As you purge through your belongings, make room for packing boxes to be neatly stored while you’re selling your home.

As a welcome bonus, the organization and this clear out will actually make for a smoother move once you do sell.

Spruce up the curb appeal

Now that you have the inside spic and span, focus your attention on the exterior. Put yourself in the shoes of a potential buyer seeing your house for the first time. What impresses them? What makes them remember it? What can you do to make it stand out from the other houses they're viewing? 

Remember, you only get one chance at a first impression. Curb appeal can make or break a showing. Follow our curb appeal checklist to make that impression count.

The big ticket items

The truth is, not all changes will bring the best return on investment (ROI). Before you plan a big, or small, improvement project, consider what might be the most appealing to buyers. The home improvements that generally yield the best bang for the buck include:

• Yard clean-up and landscaping

• Front door replacement

• New siding, exterior repairs and/or fresh paint

• Kitchen and/or bath upgrades, including new counter tops, fixtures and cabinetry

• Deck and patio additions, such as outdoor kitchens and/or BBQs

• Additional living space, especially bonus rooms and extra bathrooms

First and foremost, buyers can sense when a home has good bones. The single most important factor is to ensure there is no deferred maintenance. From there, you can decide which updates – if any – you want to make to give your home a fresh appeal.

Best tip

If you need a helping hand as you prepare to sell your home, contact HOMM Real Estate Services. We start with understanding your needs and expectations. Then we look at your home and its selling points…positive and painful! We can help with determining the best way to prepare your home for selling in the Spring season. We are here Helping Others Make Moves.

 

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco, and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords, and property management.

Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

 

 

 


Posted by Marie Negron, Owner on March 26th, 2019 11:24 AM






Real Estate Investments: FLIP OR RENT

There are times when clients look to Marie Negron and her team at HOMM Real Estate Services to help them with real estate investments. There are several options that go beyond typical home ownership. For instance, clients explore second/vacation homes to own and/or rent, rent-to-own, flipping, or simply for the financial investment. Frequently, we find it comes down to a choice between flipping or rental home.

Income or Investment

Firstly, it is important that regardless of how, what or where you invest, you need to be aware when considering investing the opportunity to make money is as great as the risk to lose money.

However, the key to successful real estate investing comes with understanding what skills, time and abilities you have and your tolerance for risk. Also, to know when to bring in a real estate specialist to help you through the myriad of options, issues, and questions you are likely to have.

Only then can you choose a type of investment that works for you and whether or not you are a one-time investor or confident to repeat the model.

Quick Cash

Investors can make great profits from both flipping properties as well as holding them as rentals. The difference really boils down to a few considerations. First, what kind of income are you seeking? Active or passive? Actively buying, fixing and flipping properties is quick cash that requires careful timing and effort.

Flipping a property is not traditional investing where one buys and holds an investment. Flipping is really speculation. Flippers with construction experience and real estate knowledge tend to see the greatest success. Yet, the real risk comes from unforeseen construction and structural complications, these cause delays, increased costs and potential decrease in the property’s value. Further, there are carry costs over and above the renovation to cover mortgage, taxes, insurances and real estate selling commissions.

Long Haul

Alternatively, if you’re in it for the long haul, rental properties offer passive long-term income which accumulates over time. Additionally, if properly managed and maintained, the property value should see an increase. The downside is that the owner has to invest time in property maintenance and tenant management. The reality is the most successful landlords overcome this by working with property management specialists. We’ve already addressed the good, the bad and the taxing of being a landlord which outlines the benefits of working with property management specialists HOMM Real Estate Services.

Both types of investments can bring profits and a steady stream of income. Determining what’s best for you and your talents is important in choosing the best option for your financial goals. Plus, recognizing when to bring in the experts. Allow us to use our experience, know-how and resources to help protect the value and condition of your real estate investments.  Visit HOMM Real Estate Services Property Management to learn more about these services.

 

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco, and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords, and property management.

Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

 

 

 


Posted by Marie Negron, Owner on January 30th, 2019 11:08 AM

Since leaving the comfort and confines of your parents’ home you have been known to rest your head in a freshman dorm, or couch-surfed or you’ve lived in a variety of rental digs. Now you need a more permanent place and there’s no way you’re going back “home”.  Now you’re finally ready to make the move. The big move into home ownership.

 

Home ownership is a huge decision and for first-time buyers it can be both daunting and overwhelming.  It appears, at first glance, somewhat unachievable. A common question is, “How on earth can I pull together the funds for a typical 20% down payment?”  Sometimes, it’s a case of not knowing who you should speak with and what you need to ask. Well, let us give you some insight and dispel some misconceptions. Then, we can help you find the right home and the right person for financing your new home.

CREDIT OR CASH

We all know that today’s tightened lending guidelines means you can’t buy a home with just a promise and signature. It’s clear you need to have some form of down payment, or is it?  And how much do you actually need? Must you always find 20% down? The answer might surprise you; there are many ways to buy a home with less than 20% down payment.

 

Research from the National Association of REALTORS® proved that needing a 20% down payment simply isn’t true. It’s a misconception that is impeding homebuyers. Rather, it’s your credit rating that has more significance than how much (or little) cash you may have on hand.

OPTIONS

Listed here are some common programs to review, but this is just a sampling. It’s not a one-size-fits-all scenario. You need to speak with a lender as they often have more flexibility with in-house personalized programs. HOMM Real Estate Services can connect you with a local lender that can find the right financing option that makes the most sense for you.  

  • 0% Down – There are still two loan programs which allow one to buy a home for no down payment; the VA loan and the USDA loan. The VA loan requires the borrower to be a qualified service person or veteran and the USDA loan is for certain areas under the Department of Agriculture.
  • 5% Down – Conventional loans with loan limits can allow one to buy a home with as little as 5% down. These loans do have PMI (Private mortgage insurance) which can be eliminated when the loan amount falls below the 20% threshold.
  • 3 ½ % Down – FHA offers first time home buyers a good home loan for only 3.5% down payment. Again, these loans have loan limits and PMI but offer a faster entry into the housing market.

ASSISTANCE

In addition to the zero and low-down payment loan options, did you know there are down payment assistance programs available to qualified home buyers? And, these are not just for first-time home buyers.

While HOMM Real Estate Services is not a lender, we can help you find out if you are eligible for any of the down payment assistance programs. Click here to get started.

GIFTS AND GRANTS

In certain circumstances, buyers may be able to apply monies gifted to them from their parents or other family members. “Gifted monies” are identified as such if you are not required to repay the money to the donor. Most lenders will allow gift money to be applied to the down payment; provided you meet all required rules for the type of loan. For instance, the FHA 3.5% down payment can be 100% gifted money, whereas other loans require you to put down some form of down payment yourself.

NEXT MOVE

Reach out to HOMM Real Estate Services! Making the move into home ownership is achievable. And since it doesn’t always mean a 20% down payment, maybe the move isn’t quite as big as you originally thought.  Let HOMM Real Estate Services help you find the perfect place for you and connect you with a lender to discuss your options.

 

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco, and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords, and property management. Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.




Posted by Marie Negron, Owner on December 31st, 2018 1:19 PM