Stress-free Moving Tips

When selling a home, we always seem to have extra stuff we don’t want to take, i.e. furniture we won’t use or household goods to get rid of. Having gone through the selling process myself recently, this is fresh in my mind so I had to write about the best ways to get rid of pre-move stuff.

For large items like furniture, you can do a few things:

  1. Advertise them for sale on Craigslist. You can usually expect a higher price than you would get selling them at a garage sale, but be prepared. You won’t get top dollar for them on this site, and many buyers who shop here are looking for a deal!
  2. Consign them for sale. If it’s high end furniture, you can call a local consignment shop and get them to put it in their store. This usually brings in a higher price for each item, but the stuff has to be in great shape since consignment stores are particular about condition. We’ve got a local one in Colorado Springs called The Consignment Gallery. They will even come and pick it up for you, at their cost. You only owe them $35 as reimbursement once the item sells.
  3. Donate them to the ARC or Goodwill. Both charities have a curb-side pick-up service, free of charge! They will ask you to place the items on the curb the day prior. And that’s it. They come by and get your unwanted items for you. The local number to call for ARC pick-ups is 303-238-5263.

 

All of these came in very handy during my recent move. After all, who wants the added stress of moving all of that unwanted stuff? 

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5 Tips to Get Great Listing Photographs of Your Home

Kitchen

oneFind Something Else To Do - It is tempting to want to stick around and help point out the best angles for the photographer, but resist that temptation. Photographers often work best when left alone with the agent to stage and showcase the best features of your home.

twoPick Up, Pick Up, Pick Up - All homes show best with the minimum amount of "stuff" in them. Miscellaneous items (including toys) tend to detract from the size and feel of the room. Pick up items on counters, tables, bathrooms and any horizontal surface and stash them away before the photographer arrives.

threeLight 'Em Up - Lighting is a photographer's best friend when it comes to interior photography. Check to make sure that all of the bulbs in your lights are working and match with their partners. A chandelier with 3 cool bulbs, 1 warm bulb and 1 burned out bulb doesn't make the right impression.

fourDon't Forget the Backyard - The backyard is often one of the most important "rooms". Do a quick rake of leaves and sweep of walkways and decks before the photographer arrives. Stash any moveable toys, garden equipment and sports equipment to an out of sight location. Remember, Buyers want to see the potential of the yard, not remnants of your last barbeque.

fiveMinimize Holiday Decor - Your Halloween decorations might be the best on the block, but when it comes to showcasing your home, holiday decor should stay in the closet. Keep in mind that displaying holiday items not only distracts from the important features of your home, but the carved pumpkins or elf on a shelf are permanent clues in the photographs as to when your home went on the market.

 

If you are still looking for additional suggestions, check out our featured homes on SpringsHomes.com. We have invested a lot of time and experience in fine tuning our real estate photographs and take a lot of pride in our work. Houzz.com is also another good resource to become inspired to make your home look its best.

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5904 Coffee Rd - Sweet Deal

I wish I had 25 of this house to sell. This great 2-story is on a nice corner lot in Woodmen Hills, nestled nicely in the neighborhood, but very close to grocery and other convenient shopping. 

The owners have taken great care of it, to include updating main level flooring to a gorgeous wood-laminate with plenty of style! 

 

The living room is vaulted to a small loft niche.... it's also open to the kitchen / dining area with high ceilings, creating a nice feeling of space. The kitchen walks out to a small deck, pavestone patio, and gazebo all in a generous yard... plus there's a dog run. 

 

The upper level includes a master with attached bath, plus 2 additional bedrooms and hall bath. 

For more photos, video and details visit... http://7904coffeeroad.com/  or give Brooke a call at 719-229-8143 

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New, Easier-to-Understand Paperwork for Homebuyers

RESPATILA

For Colorado Springs homebuyers who have been frustrated by all the numbers and descriptions on the Hud-1 and Truth-in-Lending Disclosure Statements, there is good news.

 

Starting October 3, 2015, lenders must issue new documents clearly delineating the costs associated with a home purchase: the Loan Estimate and the Closing Disclosure. Known as TILA/RESPA (for Truth-in-Lending/Real Estate Settlement Procedures Act), the new forms replace the old Truth-in-Lending Disclosure Statement and Good Faith Estimate, and the HUD-1 Settlement Statement. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2011, the Consumer Finance Protection Bureau was established and mandated to replace the old forms with new, easier-to-understand forms. The completed documents must be delivered to the prospective buyer 3 full days before closing the transaction and will be used for the following:

  • Purchase money loans
  • Refinances
  • Loans secured by 25 acres or less
  • Loans secured by vacant land
  • Construction-only loans

Timeshare loans

 

The new forms must be offered in both English and Spanish. The three day lead time gives homebuyers the opportunity to thoroughly review the costs and avoid any last minute “surprises” at the closing table.

Loans that are not covered by the new ruling are:

  • Reverse Mortgages
  • Home Equity Lines of Credit (HELOCs)
  • Mobile Home-Only loans
  • Creditors who originate less than 5 loans in a calendar year

This is a sea-change for both homebuyers and Realtors. To help them understand the new documents and the updated time frames for their distribution, Realtors have the opportunity to take classes for credit on the subject.

For more information about the new loan documentation procedures visit http://www.consumerfinance.gov/learn more/#respa.

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Don't let DOM (Days on Market) Spell DOOM for your bottom line

Many people selling their homes in Colorado Springs are surprised to learn that the number of days the  property has been on the market can affect its ultimate selling price. The ratio is generally an inverse one: the longer your home remains on the market, the lower the price. Conversely, homes on the market for short periods of time tend to command higher prices. So, the moral is, work with a Colorado Springs real estate agent who will help you price your home correctly for the current market AND maximize your net profit.

We have found that the highest net profit for the seller is achieved during the first 30 days on the market in Colorado Springs.  (As a point of reference, DOM, or Days on Market) is the time your property is actively listed on the market up until an offer is accepted. The median DOM indicates the actual central number of days that all homes for sale in the Springs are on the market before accepting an offer. The average DOM may be inaccurate due to a plethora of overpriced homes and builders who sometimes list properties on the MLS before construction is complete. 

Homes that have been on the market for long periods of time raise questions in the minds of potential buyers including:

    • Why hasn’t it sold?
    • Is there something wrong with the house?
    • How low do you think the sellers will go?

None of these are conducive to selling your Colorado Springs home expediently and for the best possible net profit. 

When your home is priced correctly early in the game, potential buyers, who have looked at many homes online and in person, will recognize it as an excellent value and will be more likely to submit an offer close to your asking price.  If you price the home well above its market value, there are a number of possible consequences including

    • Receiving a number of “lowball” offers, with buyers knowing that the property is overpriced
    • Not receiving any offers at all
    • Having the property listed for more than 30 days
    • Needing to eventually drop the price in order to sell the home, often to the market price that would have resulted in a much earlier sale

If, after a substantial time on the market with no results, you decide to take your home off the market to reset the DOM, you must keep it unlisted for 30 days before re-listing it. However, savvy real estate agents may check a property’s history in the MLS and will see that it was previously listed before you put it back on the market.  For these agents’ clients, the property will still seem like “damaged goods.”

Your best bet is to work with a trustworthy Colorado Springs real estate agent who constantly tracks the median sale prices in your neighborhood and will help guide you to a stress-free and profitable sale.

 

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