Tips, Trends & Living March 12, 2024

Moving Day: Checklists & Tips to Stress Less

 

Ah, moving day…that magical mix of excitement, chaos, and occasional panic. Whether it is across town or cross-country, the reality of packing, moving, and setting up a new home can become overwhelming. No list can make a move “stress free,” BUT planning ahead and staying organized can help make your move a little smoother. Here is a printable checklist along with our tips for the big day:

 

Download the PDF Checklist: Preparing for Your Move

 

Getting Started

Once you know your prospective move date, set up a quick timeline to make sure you can get all the important tasks done and ready in time for your move.

Consider how much stuff you have by doing a home inventory. This can help you decide whether you need to hire movers to help you or if you will be managing your move on your own. Many moving companies supply inventory lists to help you assess the size of truck you will need.  You can use your list as double duty for insurance purposes later (try using this helpful home inventory app from the National Association of Insurance Commissioners).

As soon as you decide how you will be moving, make your reservations. In general, moving companies and truck rental services are over-booked at the beginning and very end of the month.  If you are planning on hiring a moving company, contact a few in your area for a price quote. To find companies ask your real estate agent, family, or friends, and consult online reviews.  It is also a good idea to request a quote and compare companies.

Preparing for Your Move

  • Moving is a great opportunity to get rid of clutter, junk, or outdated items. Set aside some time to sort through your closets, storage spaces, files, drawers, and more.  Go through cluttered areas and organize items by “keepers”, “give-aways” and “garbage”. You will have less to pack and an opportunity to update after you move. Contact a local nonprofit organization for your donations; some will arrange to pick up larger donations like furniture. If you have items of value, eBay or craigslist are good options.
  • Changing your address is one of the more tedious tasks in the moving process. You will need to change your address with the United States Post Office. You can find the online form here: Movers Guide.

You will also need to change your address with each account you have. Here is a list to get your started:

  • Employers
  • Bank(s)
  • Utilities (Electric, Water/Sewage, Oil/Gas)
  • Cable/ Telephone
  • Cell phone service
  • Credit Cards
  • Magazine subscriptions
  • Insurance companies (auto, home/renters, health, dental, vision, etc.)
  • Pharmacy
  • Other personal services

Let the Packing Begin

Before you start packing, it may help to visualize where everything you have will go. Perhaps furniture will fit better in a different room? Consider the floor plan of your new home and figure out what will go where. This will aid in packing and labeling as you box everything up.

Use a tool like floorplanner.com to plan where furniture and items will go.

When it comes to packing you have some options. You can work with a service that provides reusable boxes for moving or you can reuse or purchase cardboard boxes. Make sure you have enough boxes, packing tape, dark markers, and packing paper.

Pack rooms according to your floor plan. Label boxes with contents and room. This will make it easier to unpack your home, knowing where everything is going.

Real Simple magazine has some great tips on packing for your move.

If you have to disassemble any of your furniture, make sure you keep all the parts and directions together. Make sure you set aside your necessities for the day you move. Being tired and unable to take a shower or make your bed can be hard at the end of a long moving day. Here are some ideas of what you may like to pack in your “day-of-move” boxes:

  • Clean linens for the beds, pillows and blankets
  • Clean towels
  • Shower curtain, liner and hooks
  • Toiletries, hand soap, tooth brush, etc.
  • Disposable utensils, cups, napkins, etc.
  • Rolls of toilet paper
  • Snacks and water
  • Change of clothes
  • Tools for reassembling furniture, installing hardware, and hanging photos

Making Your Move

  • Come up with a game plan with your family, so everyone has a role and a part to play
  • Once the house is empty, do a once over on your old place to make sure it is clean for the next owners/occupants. Here is a useful checklist for cleaning.

Warming Your New Home

Once you have settled into your new home, warm it up by inviting friends and family over to celebrate. Here is a great infographic about housewarming traditions and symbolism. Announce your move to far-away friends and family through moving announcements to make sure you stay on the holiday card mailing list.

 

Ready to make your move? Reach out to get started.

 


 

Windermere Mercer Island

 

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

© Copyright 2024, Windermere Real Estate/Mercer Island.

 

Real Estate February 7, 2024

Remodeling Projects to Avoid When Selling Your Home

 

It’s common for homeowners to feel compelled to remodel their homes before they sell. Renovating the spaces in your home can increase its value and help you compete with comparable listings in your area. However, some remodeling projects are more beneficial than others as you get ready to hit the market. Always talk to myself or another local agent to determine which projects are most appealing to buyers in your area.

When preparing to sell your home, you want to strike the right balance of upgrades. Making repairs and executing renovations will attract buyer interest, but you don’t want to dump so much cash into remodeling that you won’t be able to recoup those expenses when your home sells.

So, how do you know where to focus your efforts? Your agent is a vital resource in understanding your specific situation—I typically offer guidance to my clients on remodeling efforts that will help sell their home for the best price. Here are a few projects sellers will want to keep off their to-do lists for the best return on investment…

 

Major, Pricey Upgrades with Long Timelines

For any remodeling project, an analysis of your home’s value will be key to helping you determine its risk/reward potential (reach out if you’d like one for your home). This dynamic is especially important for big remodels and home upgrades, due to their higher costs. The latest Remodeling Cost vs. Value Report (www.costvsvalue.com)1 data for the Seattle area shows a generally negative return on investment for major, upscale remodeling projects—they only recouped about 25%-30% of their cost…

Cost vs. Value for Remodeling Projects in Seattle

These projects come with hefty price tags and longer timelines than minor repairs and upgrades, which can complicate factors as you prepare to sell, especially if you have a deadline to get into your new home. They have the potential to temporarily displace you from the property, meaning you and your household may have to find somewhere else to stay until the project is complete.

The Bottom Line: To go through with a major home upgrade before you sell, its schedule must fit with your moving timeline. It should also align with buyer interest in your local market. If the project doesn’t meet these criteria, it should be avoided.

 

Non-Permitted Projects & Building Code Violations

Before you decide to finish out the basement or make changes to your home’s wiring/structure/mechanical systems, it is important to make sure you obtain the proper city, county and/or state permits + inspections. Non-permitted square footage does not reflect on the county tax record and can lead to low appraisals when the buyer tries to get a loan. Obtaining permits also helps ensure your alterations meet the current building code—otherwise, you may face legal exposure should they create a safety hazard. Furthermore, any non-permitted remodels must be disclosed to the buyer on your Form 17 if you live in Washington State. The buyer’s mortgage lender may also have stipulations saying that the loan may not be used to purchase a home with certain features that aren’t up to code, which could lead to them backing out of the deal.

If you’re selling an older home, you’re not obligated to update every feature that may be out of code to fit modern standards. These projects are often structural and require a significant investment. If the violation in question was built to code according to the regulations at the time, then a grandfather clause typically applies. However, you’ll need to disclose these features to the buyer.

 

Trendy Makeovers and Upgrades

Lastly, it’s best to avoid remodeling projects that target a specific trend in home design. Trends come and go. Timeless design is a hallmark of marketable homes because it appeals to the widest possible pool of buyers. Keep this in mind when staging your home as well. Creating an environment that’s universally appealing and depersonalized allows buyers to more easily imagine the home as their own.

 

Wondering which remodeling projects might help your home sell? Reach out any time…I’m never too busy to discuss your options and offer advice based on the current market.

 


 

Windermere Mercer Island

 

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

© Copyright 2024, Windermere Real Estate/Mercer Island.

1©2023 Zonda Media, a Delaware corporation. Complete data from the 2023 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.

Adapted from an article that originally appeared on the Windermere Blog, written by: Sandy Dodge.

 

Real Estate February 1, 2024

Tax Benefits Every Homeowner Should Know About

 

It’s tax season again, but being a homeowner might just make it rain at refund time.  Check out the tax-deductible expenses, exemptions, and credits below.  Whether you own a house, condo, or mobile home, they can save you big money when you file.  Just be sure to compare your total itemized deductions against the standard deduction and see which is higher (you’ll have to choose between standard OR itemized on your return).  It’s also good to know what you can’t deduct before you land in hot water with the IRS…

 

Mortgage Interest

A house payment is comprised of two parts: principal and interest. The principal goes toward reducing the amount you owe on your loan and is not deductible. However, the interest you pay is deductible as an itemized expense on your tax return. You can generally deduct interest on the first $750,000 of your mortgage (or $375,000 each if you’re married filing separately) if you purchased your home after December 15th 2017. Those who purchased earlier (10/14/1987 – 12/15/2017) can deduct interest paid on up to a $1m mortgage.

 

Property Taxes

You can deduct up to $10,000 of property taxes you paid (or $5,000 if you’re married filing separately). If you have a mortgage, the amount you paid in taxes will be included on the same annual lender statement that shows your loan interest information.  If you paid the property taxes yourself but don’t have receipts, you should be able to locate the total tax amount on your county assessor’s website.

 

Home Improvements

Making improvements on a home can help you reduce your taxes in a few possible ways:

  • If using a home equity loan or other loan secured by a home to finance home improvements, these loans will qualify for the same mortgage interest deductions as the main mortgage. Only the interest associated with the first $100,000 is deductible (and if you’ve already maxed out the interest deduction on your main mortgage, you won’t be eligible for any additional deduction for this loan).
  • Tracking home improvements can help when the time comes to sell. If a home sells for more than it was purchased for, that extra money is considered taxable income. However, you are allowed to add capital improvements to the cost/tax basis of your home thereby reducing the amount of taxable income from the sale. Keep in mind that most taxpayers are exempted from paying taxes on the first $250,000 (for single filers) and $500,000 (for joint filers) of gains.
  • Home improvements made to accommodate a person with a disability (yourself, your spouse, or your dependents who live with you) may be deductible as medical expenses. Examples include adding ramps, widening doorways/hallways, installing handrails or grab bars, lowering kitchen cabinets, or other modifications to provide wheelchair access.
  • If you live in Washington State and apply with your county prior to construction, you may be able to get a 3-year property tax exemption for major home improvements (including an ADU or DADU) that add up to 30% of the original home’s value.

 

Home Office Deduction

If you run a business out of your home, you can take a deduction for the room or space used exclusively for work as your principal place of business. This includes working from a garage, as well as a typical office space. Unlike most of the other deductible expenses, you can deduct home office expenses even if you opt to take the standard deduction.

This deduction can include expenses like mortgage interest, insurance, utilities, and repairs, and is calculated based on “the percentage of your home devoted to business use,” according to the IRS.

 

Home Energy Tax Credits

For homeowners looking to make their primary home a little greener, either the Energy Efficient Home Improvement Credit or the Residential Energy Clean Property Credit can help offset the cost of energy efficiency improvements. Even better, these are credits, which means they directly lower your tax bill.

  • Energy Efficient Home Improvement Credit: 30% of the cost for qualified high-efficiency doors, window, insulation, air conditioners, water heaters, furnaces, heat pumps, etc. Maximum credit of $1,200 (heat pumps, biomass stoves and boilers have separate max of $2,000).

 

What You Can’t Deduct:

  • Mortgage Insurance (this is a change as of 2022)
  • Title Insurance
  • Closing Costs
  • Loan Origination Points
  • Down Payment
  • Lost Earnest Money
  • Homeowner’s Dues*
  • Homeowner’s/Fire Insurance*
  • Utilities*
  • Depreciation*
  • Domestic staff or services*

*Unless it’s related to your home-office deduction—contact your tax pro to see if it’s a qualified deduction for you.

 

Do you have a low-income, disabled or senior homeowner in your life? Check out this article on King County property tax relief.

 

Psst…every homeowner’s financial situation is different, so please consult with a tax professional regarding your individual tax liability.

 


 

Windermere Mercer Island

 

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

© Copyright 2024, Windermere Real Estate/Mercer Island.
Adapted from an article that originally appeared on the Windermere Blog, written by: Chad Basinger.

 

Real Estate November 17, 2023

When is the Best Time to Buy or Sell a Home?

Market peaks, holidays, school, oh my! Once you’ve decided that you want to sell or buy a home, the when can be tricky to tackle. Many factors contribute to optimal timing. Scroll down for the pros and cons of selling or buying in each season.

While each season has its perks and challenges, your personal circumstances will be the most important consideration. Relocation, marriage, divorce, or other life changes may mean that it makes the most sense for you to move now regardless of market factors. If you have kids in school, it may be best to wait until after the school year to make your move.

If your timing is flexible, on the other hand, you’ll also want to consider things like the condition of your property—homes that need work or have challenges with location/layout may require a hot market (or serious lack of competing inventory) in order to sell. You’ll also want to analyze the micro-market in your neighborhood, including how many other listings are currently for sale. Check out our article on timing the market for some great tips on that.

Seasonal cycles are definitely worth considering. For sellers looking to get the maximum number of eyes on your home, it’s important to avoid listing during holiday weeks or inclement weather events like snow. Buyers might find it more difficult to purchase a home at the peak of the market when homes are selling like hotcakes. Below is a chart showing typical market activity based on a five-year average of pending sales.

 

Market Activity Based on Pending Sale Averages Over the Past 5 Years

 

When my clients ask for my advice on when to sell or buy, I typically analyze all of these factors along with seasonal pricing trends. Below are some of the pros and cons I tend to see for buyers and sellers in each season…


SELLING

 


BUYING

 

Pssst…I know decisions like this can feel overwhelming. Reach out any time for expert advice. I’m always happy to discuss your options and help you choose the best timing for your unique property, circumstances, and micro-market…

Connect with me to request an expert market timing analysis.

 


 

Windermere Mercer Island

 

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

© Copyright 2023, Windermere Real Estate/Mercer Island.

Real Estate September 20, 2023

To Sell or to Rent? The Perks and Pitfalls of Being a Landlord

Analyzing whether to sell or rent your home is a BIG deal…and it deserves careful consideration. Ultimately, the right choice for you depends on your financial situation, goals, and personal preferences. Here is a quick run-down to help you decide:

 

Renting Out Your Home Might Make Sense If…

  • You don’t need the funds from your current home to purchase another home
  • You’re moving temporarily and planning to return to the area
  • You think your home’s value will drastically increase within the next few years
  • The rental market is especially hot in your area
  • You have the time and know-how to screen tenants, manage rent/collections, and make home repairs (or would have enough cash flow to pay for third-party management)
  • Rental income is part of your long-term investment strategy

 

Selling Your Home Might Make Sense If…

  • You need to use the equity from your current home to purchase another home
  • Rent wouldn’t generate enough cash flow to cover things like vacancies, maintenance, repairs, and landlord insurance in addition to the existing mortgage, taxes, and HOA dues
  • You don’t want to take on the risks, time commitment, and challenges of being a landlord
  • You’re uncomfortable with the landlord-tenant laws in your area
  • A home sale would generate a large profit (and has been your primary residence for at least 2 out of the last 5 years so that you’re eligible for capital gains tax exemptions)
  • You’re concerned a future recession might negatively impact your finances

 

Before reaching a conclusion, it’s a good idea to familiarize yourself with the landlord-tenant-law specific to your state (and in some cases, separate relevant ordinances in the city and/or county that your property lies within). You should also do some market research to get a feel for price/condition of similar homes for rent and for sale in your neighborhood.

It probably makes sense to talk with a property management professional to clearly understand what you can expect to net as a landlord. You can also reach out to me any time for an accurate estimate of your home’s value should you decide to sell.


 

Windermere Mercer Island

 

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

© Copyright 2023, Windermere Real Estate / Mercer Island.

Tips, Trends & Living September 13, 2023

On-Trend Fall Refresh in 5 Simple Steps

Labor Day has come and gone, mornings are growing chilly, and thoughts are naturally turning back to our indoor spaces. Before you hibernate this fall, there are a few quick and simple tricks that will make your home instantly cozy and inviting. This is especially important if you’re planning to sell your home this fall. Try these 5 ideas that embrace the latest trends…

 

1. Add a Few Warm Accents

Incorporating some earth-tone pillows and a chunky knit throw into your existing color scheme can instantly make it feel more fall-like.  Warm neutrals are still on trend, while tonal palettes are gaining in popularity. You can capture the tonal look by choosing a limited range of 1-3 colors (often tints or shades of the same color tone) and repeating them across a wide variety of textures and materials to create interest. Going warmer and/or darker with tones will add that fall feeling. For those who like a little contrast, consider pops of black or deep navy paired with warm neutrals.

Tip: Buying new covers for your existing pillows and then swapping them out each season cuts down on expense and storage needs (and makes cleaning that much easier).

 

 

2. Layer On Some Texture

Adding in a variety of textures can instantly add stylish warmth and a sense of coziness, especially in fall. Woven elements have been hot for a few years and are still trending—try a seagrass tray, woven basket, or jute rug to capture the look. In line with the Quiet Luxury trend, textured fabrics in quality cashmere, wool, boucle, or linen lend a feel of inviting elegance. Drape a woven wool throw blanket at the foot of your bed. Textured vases and natural wood, stone, earthenware, or leather accents are another easy way to transform your space.

Tip: Want to bring seasonal warmth and texture to a grey kitchen? Try woven bar stools, a wooden fruit bowl, decorative cutting board, or even just a simple jar of wooden spoons.

 

 

3. Bring a Touch of Nostalgia

The trend of incorporating vintage statement pieces into otherwise modern spaces continues…and provides great opportunities for fall. Consider an accent table or picture frame in warm, reclaimed wood; a vintage autumn print; or an antique-style rug. Heirloom quilts are also trending for fall, whether on your bed or draped over an easy chair. Vintage-style lamps and light fixtures are another fun trend to try, especially as the days grow darker.

Tip: Traditional Turkish, Asian, and Persian style rugs/runners are an easy way to add vintage charm to any room…and they’re available in many sizes, colors, and price points. Earth tones are ideal for fall, while warm neutrals go with almost any furniture or season.

 

 

4. Consider Curve Appeal

Curvy furniture, accents, and architectural details are all still popular as we head into fall. You might add a rounded stool, arched mirror, or curvy lighting fixture for a modern feel. If it’s time to replace your coffee table or dining chairs, consider going with a round option.

Tip: If you’re on the fence about curves, try small and affordable pieces like round pillows, baskets, picture frames, and wall art.

 

 

5. Finish With Seasonal Botanicals

Natural, organic elements are a surefire way to get that on-trend fall look. Keep it easy—an oversized bunch of pampas grass in a vase, some branches and flowers you found in a nearby field, or dried flowers and stems. Artificial arrangements are a good way to go if you can splurge on something with realistic quality (we won’t tell a soul). Pumpkins and gourds are another fun addition and can be found in a variety of interesting colors and textures.

Tip: White pumpkins are available at the grocery store and go with almost any decor. Put them in a wooden bowl for an easy centerpiece, line them up on the mantel, or arrange them next to a vase of foraged branches. Boom…fall.

 

 


 

Windermere Mercer Island

 

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

© Copyright 2023, Windermere Real Estate / Mercer Island.

Real Estate August 16, 2023

5 Home Improvements That Will Boost Your Property Value

A home is the largest investment most people will make in their lifetime, so when it comes time to sell, homeowners often wonder what they can do to get the most return on their investment. Many have the misconception that remodeling is the way to go, but that isn’t always the case. Rather than going all-in on upgrading your home, you should know which home improvements are worth it, and which ones aren’t.

We’ve sifted through the research and come up with a quick list of five home improvements that’ll help buyers fall in love with your home when it comes time to sell.

 

1. Add a little curb appeal 

Curb appeal is critical. As the name suggests, it’s the first thing buyers see when pulling up to the front of any home so it needs to be in nearly pristine condition.

Landscaping can go a long way for a minimal upfront investment. Six rounds of fertilizer and weed control will set you back about $415, but when it comes time to sell, you’ll see a return on investment (ROI) of about $900 according to a 2023 survey by the National Association of Realtors.

Other improvements you can easily make to your curb appeal include:

  • Pressure wash the exterior
  • Liven up your front door with a fresh coat of paint
  • Replace hardware such as doorknobs and knockers
  • Install updated house numbers
  • Make your walkways pop with new greenery or flowers
  • Plant a succulent garden
  • Update your porch lights
  • Add a little charm with window flower boxes
  • Stage your porch

 

2. Convert your HVAC to an electric heat pump

According to the 2023 Cost vs. Value Remodeling Report, replacing an oil or gas furnace with an electric heat pump is one of the hottest trends (and offers an unusually high ROI of 104%). Their earth-friendly efficiency is especially appealing to younger buyers and those concerned about climate change. Additionally, they offer summertime cooling, which is a big bonus in the PNW given our recent hot and smoky summers!

 

3. Refresh your kitchen

While major kitchen renovations are costly and typically have low ROI, a little elbow grease and modest budget can give you big bang for your buck (see our article on simple kitchen makeover ideas).

Here are some smaller updates to boost your home’s value:

  • Clean
    • Organize your pantry
    • Use a little Murphy Oil Soap and hot water on all of your cabinets
      • Polish cabinets with Howard Feed-In-Wax
      • Tighten all hinges
    • Clean grout and tiles
    • Shine your sinks and hardware until you can see your face in it
    • Deep clean your stove
  • Give your kitchen a fresh coat of neutral paint
  • Update lighting fixtures, and replace light bulbs
  • Add new and trendy door hardware to your cabinets
  • Consider replacing your countertops with a hard surface like quartz or quartzite
  • Upgrade your appliances

 

4. Go green

Today’s younger generations are embracing eco-friendly living, and millennials are leading the pack. According to the National Association of Realtors’ 2022 Home Buyer and Seller Generational Trends Report, millennials make up the largest segment of buyers, holding strong at 43 percent of all buyers.

When it comes to attracting buyers who are willing to pay top dollar, going green makes sense. A Nielson study found that, of more than 30,000 millennials surveyed, 66 percent are willing to shell out more cash for conservation-conscious, sustainable products. Depending on where you live, consider installing solar panels, wind turbines, and eco-friendly water systems.

No matter where you live, attic insulation replacement and weather stripping are safe bets. Attic replacement costs can vary but typically have a good ROI. Weather stripping costs about $350 if you hire a professional, but you can easily DIY for a fraction of that cost.

 

5. Install hardwood floors 

Installing or upgrading hardwood floors is pretty failsafe as most buyers love it. Ninety-nine percent of real estate agents agree that homes with hardwood floors are easier to sell, and 90 percent of agents say that they sell for a higher sale price, according to the National Wood Flooring Association. Similarly, a survey by the National Association of Home Builders (NAHB) found that wood flooring was among the top 10 home features most desired by home buyers.

 

When it comes time to sell, I will help you get the highest possible ROI for your home. I can connect you with tried-and-true contractors, suggest strategic upgrades, and help you develop the right pricing plan based on up-to-the-minute market analysis. Reach out for a complimentary home value consultation.

 


© Copyright 2023, Windermere Real Estate/Mercer Island.
Adapted from an article that originally appeared on the Windermere blog November 12, 2018. Written by: Sarah Stilo with HomeLight.
Cost vs. Value data ©2023 Zonda Media, a Delaware corporation. Complete data from the 2023 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.

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We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

Real Estate June 7, 2023

7 Simple Ways to Boost Your Curb Appeal

When it comes time to sell your home, first impressions are crucial. Improving your curb appeal will catch buyers’ attention and go a long way toward selling quickly and for the best price. Here are seven affordable changes you can make that have a big impact…

1. Lush Up Your Lawn

A healthy, well-tended lawn will make your home look even more impressive when you start hosting open houses. Clean up all weeds, leaves, and debris, and consistently water to give it that fresh green look. Mow regularly, but not too short or you’ll damage the grass and invite weeds (experts recommend a minimum 3″ height for the Pacific NW). Consider a nitrate-rich fertilizer to keep the grass extra lush and green.

 

2. Refresh Your Door

Your front door is an opportunity to make a tasteful statement. Look at bold color choices that are within or slightly stretch your home’s exterior color palette. Take time to prepare the surface for a fresh coat of paint to make the color pop as much as possible and try stylish doorknob options that accentuate the aesthetic to give your door some added flair.

 

3. Update Your House Numbers

New and stylish house numbers are an easy, eye-catching addition to how your home is perceived by buyers. Look for styles that match with your exterior color palette and any exterior lighting fixtures.

 

4. Plant Colorfully

Adding colorful variety to your front yard will grab buyers’ attention. Align smaller plants like ground cover and flowers neatly within your flower beds, aiming for symmetry when possible. Use larger plants and trees to frame in your entryway or walkup. If your front yard doesn’t have flower beds, try adding hanging planters or window boxes. Because you’ll be competing against nearby listings, it’s landscaping projects like these that can make all the difference in your listing photos.

 

5. Upgrade Your Lighting

Adding landscape lighting will boost your curb appeal during nighttime, accentuate your shrubbery, and add a welcoming touch for potential buyers, lighting the way to your door.

While we’re on the subject, make sure your house lights are functional. Consider replacing dated fixtures with stylish new versions. Features like automatic dawn-to-dusk sensors will also come in handy if the home will be vacant while it’s listed.

 

6. Power Wash

Pressure washing your walkways and driveways can instantly improve your curb appeal. If buying a pressure washer is outside your budget, explore rental options from hardware stores in your area.

 

7. Add an Inviting Touch

Incorporating classic front porch elements like a porch swing, sitting bench, and other outdoor furniture gives a welcoming aura to your home’s entry and creates a sense of comfort for prospective buyers.


Adapted from an article that originally appeared on the Windermere blog April 19th, 2023. Written by: Sandy Dodge.

Mercer island blog, windermere mercer island, windermere real estate, seattle blog, live on mercer, live on guides, community information, neighborhood information, real estate, mercer island community, mercer island community blog, mercer island blogger, mi reporter, mercer island real estate info,

© Copyright 2023, Windermere Real Estate/Mercer Island.

 

Real Estate May 19, 2023

Buying a Home: A Start-to-Finish Guide

You want to buy a home.

Where do you begin?

 

When you’re ready to buy—or maybe just ready to start seriously thinking about it—there’s a lot you can do to prepare. Here is a checklist to help you get started…

 

1. Determine a Price Range

Step one is finding out your budget for your new home. The best way to do that is to meet with a mortgage professional who will review your income, assets, and credit history in order to pre-approve you for a loan. Not only does getting pre-approved allow you to narrow your home search, but it also makes your offer stronger when it comes time buy. If you don’t currently have a mortgage professional, I would be happy to recommend one.

You can also use my Home Monthly Payment Calculator to experiment with different principal amounts, interest rates, down payments, taxes, and insurance to get an idea of what you can afford. Keep in mind that these calculations are meant to be estimates—interest rates change weekly and will be determined by your credit score.

 

2. Make a Wish List

Imagine your ideal home. How many beds/baths does it have? How big is the backyard? How close is it to the local park? Use our Wish List to guide you in your search online and with me.

 

3. Start Your Searching

Once you know how much you can afford and what you’re looking for in a home, it’s time to start your search. My online search tool makes it easy to search for homes, keep track of your favorites and subscribe to property alerts when a fitting listing hits the market in your area. I can also send you potential homes and take you to tour them in person once you’re ready to get serious.

 

4. Know What to Avoid

As you prepare to buy, knowing what not to do can often be just as helpful as knowing what to do. By understanding the pitfalls buyers can fall into, you can identify the signs of these common buying mistakes ahead of time. Check out this article on buying homes that have been flipped, too.


 

You’ve found the home.

What now?

 

Once you’ve found the home you can see yourself living in, what’s next? There are many steps to go through before you can officially call yourself a homeowner. I will guide you through this process, but in the meantime, here’s a preview of what you can expect.

 

1. Negotiation

When making an offer on a home, I will negotiate on your behalf in order to attain the best terms for you. This can include negotiating the price, repair costs, timelines, and contingencies.

 

2. Purchase & Sale Agreement (Contract)

This is the legal contract you and the seller will enter into once your offer has been accepted by the seller. It outlines the terms and conditions of the sale and is signed by both parties.

 

3. Inspection

Once the Purchase and Sale Agreement is signed, a home inspector is hired to examine the home’s health, safety, and major mechanical systems. If any issues arise from an inspection, you may be able to renegotiate.

In a competitive offer situation where you wish to waive your inspection contingency in order to make your offer more appealing, I may advise you to conduct a “pre-inspection”—that is, an inspection that is conducted before you put an offer in on the house.

 

4. Financing

After your offer is accepted, the next step is to get final loan approval. During this process the lender will decide if they’re willing to approve your mortgage based on things like your creditworthiness and the title history and appraisal of the home you want to buy.

 

5. Title Report

This is a report for you and your lender detailing the history of the home you’re buying to ensure there are no legal barriers to purchasing it.

 

6. Escrow

Escrow is an impartial third-party process in which documents and funds are deposited by buyers, sellers, and lenders to facilitate the closing of a transaction. To learn more, read this short guide to understanding escrow.

 

7. Closing

During this final step of the home buying process, ownership is transferred from the seller to the buyer, closing costs are paid, and several legal documents are prepared and signed, all leading to the closing date. After closing is finalized and recorded and the funds are disbursed, the home is yours!

 

8. Moving Day!

Check out my printable Moving Checklist as you get ready for the big day.

 


 

Windermere Mercer Island

 

© Copyright 2023, Windermere Real Estate/Mercer Island.

Real Estate March 15, 2023

7 Ways to Make Life Easier When Selling Your Home

When it’s time to sell a home, we all dream of a flawlessly executed transaction where everything goes smoothly and ends with a win-win for you and the buyer. Here are seven tips to help make that happen—and avoid surprise expenses along the way…

1. Repair Your Home First

Making repairs to your home before you sell not only makes it more appealing to buyers, but it can also help you avoid the additional costs that can result from the buyer’s inspection. Disclosing any repairs that still need to be made will help you move smoothly to closing and avoid problems that could otherwise kill the deal. Consider conducting a pre-listing inspection to make sure everything is out in the open before you sell.

2. Make Sure Your Price is Right

The key to selling your home quickly is to find the right buyers. To find the right buyers, your home must be correctly priced. I use a Comparative Market Analysis (CMA)—a thorough, data-backed examination of your home and how it compares to other listings in your area—to accurately price your home. Without an agent’s CMA, it’s easy for your home to be listed at the wrong price.

    • Avoid Overpricing: Overpricing your home will attract the wrong buyers because you will force your home into competition with other listings that are fundamentally superior or have more to offer. When comparing other homes to yours, buyers will focus on the discrepancies and the features your home lacks. Overpricing will often cause homes to sit on the market for extended periods of time and become less appealing to buyers.
    • Avoid Underpricing: Under competitive market conditions, intentionally underpricing a home is a common strategy to attract buyer attention with the goal of starting a bidding war to drive the price of the home up. However, several things must go correctly for this to happen. In all other cases, underpricing your home reflects a lack of knowledge about where its market value fits into the fabric of current local market conditions and can leave you, the seller, unsatisfied with the price your home ultimately fetches.

3. Invest In Staging & Professional Photography

First impressions matter when selling a home. The vast majority of buyers are searching online and taking virtual tours of homes they’re interested in. As such, it’s well worth the time and money to hire a high-quality photographer and I always provide this for my sellers. The right photography can make all the difference in the minds of buyers.

Home staging is also a critical element for getting the most value for a home and selling it quickly. You can even DIY if you have the time and modern decor. It’s also the perfect time to inspect your home for any minor or cosmetic repairs that can be addressed quickly. An aesthetically pleasing home will attract more eyes, and any edge you can give your home over competing listings may be just the ticket to getting it sold.

4. Keep Your Emotions in Check

Selling your home is an act of learning how to let it go. Once you know you’re ready to sell, you’ll need to be able to look at it with an objective eye. This will allow you to approach decisions from a neutral standpoint and work towards what is best for the sale of the home. Having clear judgement will also help you get through the negotiating process and steer yourself toward a smooth closing. Stepping back can be tough, but a good agent will always be happy to give you guidance and help you keep perspective.

5. Wait Until You’re Ready

It may be tempting to rush your listing to take advantage of local market conditions, but waiting until you have all your ducks in a row will make life so much easier. Knowing when to sell your home is a mixture of being financially prepared, having the right agent, and understanding how your home fits into the current local market landscape. Once you’re ready, here are some tips on timing the market.

6. Use an Agent

…and I’m not just saying it because I’m an agent! Selling a home “For Sale By Owner” (FSBO) can save on commission fees, but is a complex and risky process that can easily lead to serious costs. An agent will help you front marketing costs, provide sound advice to help you avoid legal trouble, and ultimately shoulder some of the liability for the transaction. Being represented by an experienced professional will help you avoid mistakes during the offer process, negotiations, and closing that could otherwise be costly or jeopardize the sale. It’s no wonder that a vast majority of sellers choose to work with an agent.

7. Be Willing to Negotiate

Approaching buyers’ offers with an open mind will ensure you don’t miss any opportunities. Before the offers start to come in, it’s important to work with your agent to understand your expectations and strategize which terms and contingencies you’re willing to negotiate on. That way, you can quickly identify the right offer when it comes along. Showing a willingness to work with buyers will also keep them engaged and make sure you don’t leave potential deals on the table.


 

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© Copyright 2023 Windermere Mercer Island.

Adapted from articles that originally appeared on the Windermere blog, November 22, 2021 & April 7, 2021, by Sandy Dodge.