$110,000

HOME FOR SALE

  • 1,601 SqFt on .48 Acres
  • 3 Bedrooms, 2 Baths With Bonus Room
  • Hardwood Floors & Wall-to-Wall Carpet
  • Open Kitchen W/Black Appliances
  • Family Room W/Vaulted Ceilings & Fireplace
  • Bring All Offers. Seller Motivated.
  • Contact Dawn Bell For More Information!

5 Steps to Avoid Buying a Money Pit

 

According to Trulia.com, here are 5 steps that will help you avoid buying a money pit.

  1. Attend Inspections. When you’re there in person, the inspector is able to physically show you the items that may need repair, and give you their professional opinion of how serious and large needed repairs may actually be at a level of clarity a written report may lack. Sometimes, written inspection reports convey minor items (like reversed hot and cold faucets) as a red-flagged health and safety issue, and more major items (like a problematic foundation) as something that needs further inspection. If you are at the inspection in the flesh, you can brief the inspector on what level of cost and effort you consider major (and vice versa), and ask them to help you understand roughly where the property overall and any individual repairs needed fall, from that perspective.
  2. Read the Reports and Disclosures. Reading the inspectors’ reports is critical to avoiding a money pit. Things to watch for and investigate further in the sellers’ reports and disclosures include:  repairs the seller completed themselves, repeated repairs to the same home system, water and leakage issues, and any reports of non-functionaing mechanical or other systems in the home. In your inspectors’ reports, make sure to notice: repair estimates they offer, items that seem like they will have to be completed soon (versus upgrades you can do over the long run), items that seem like they might run into big ticket dollar amounts, and especially watch for any recommendations that you get a specialist to look at something. Follow up on your reading of reports and disclosures by working with your agent to: list your questions and concerns, ask the inspector and seller any follow-up questions you have, and obtaingin reliable repair estimates.
  3. Get Multiple Repair Bids. Money pits often occur when buyers take a place knowoing it needs what they thought was a little work, that actually turns out to be a much more costly or involved repair once the actual repiar contractor takes a look or starts the work. Get multiple repair bids from reputable contractors while you are still within the inspection contingency time frame of your contract. These repair estimates can also provider the basis for any renogotiation you and your agent choose to initiate with the seller for price reduction, repairs or increased closing cost credits.
  4. Stop Overconfidence In Its Tracks. Even if you expect to cut costs by doing some work yourself, I urge you to contact and obtain bids on the repairs and upgrades you plan from actual professionals, so you can at least be armed with the information about what it will cost to get them done if you can’t complete them for any reason.
  5. Prioritize Price Reductions and Credits over Seller Repairs. For the most part, buyers will select their own materials and repair contractors with more care and are generally more deeply invested in ensuring that repairs are completed to their satisfaction than an outgoing seller. If you are negotiating with your home’s seller over repairs that need to happen, discuss with your agent whether it might make sense to ask for a price reduction or a closing cost credit to offset the cost of the repairs so you can have them completed to your standards, and with the materials and by the contractors of your choice, after clsoing.

$132,500

HOME FOR SALE

  • 3 Bedrooms/ 1.5 Bath
  • Built in 1892
  • 1,877 SqFt Home on .78 Acres
  • Surrounded by Fencing
  • 3/4 Wrap Around Porch
  • Small Quiet Town
  • Hardwood Floors & Some Carpeted Areas
  • High & Vaulted Ceilings
  • Chicken Coop & Dog Pen Area
  • 30×30 Garage w/Power
  • Small Outbuilding
  • Contact Alicia Gibson For More Information!

$126,900

HOME FOR SALE

  • 3 Bedrooms, 2 Baths
  • 1,710 SqFt on 3.76 Acres
  • Built 1997
  • Small Office W/Extra Room
  • Garage Is Enclosed
  • Galley Style Kitchen W/Eat In Area
  • Split Bedroom Plan
  • Carpet & Laminate Flooring
  • Large 15×27 Deck
  • 3.47 Acres W/ 2 Acres Fenced
  • 24×20 Outbuilding
  • Additional 8x12j outbuilding
  • Contact Randy Schultz or Cathy Nichols For More Information!

$399,000

HOME FOR SALE

  • 5,189 Total SqFt on 4.844 Acres
  • 6 Bedrooms, 4.5 Baths
  • Built 1995
  • 2 Master Suites
  • Small Den Area
  • Gas Log Fireplace in Living Room
  • Dining Room Seats 12+
  • Granite Counter Tops in Kitchen
  • Computer & Sitting Area in Kitchen
  • Full Basement
  • Basement Leads to Stone Patio
  • Fenced Yard
  • Out Building & Additional Parking Shed
  • Gated Entrance
  • Contact Alicia Gibson For More Information!

$425,000

HOME FOR SALE

The Prestigious Collection

  • Built 1995
  • 5,845 SqFt of Living Space on .91 Acres
  • 4 Bedrooms, 3.5 Baths
  • Shoal Creek Subdivision
  • Waterfront with Floating Dock
  • Hardwood Floors throughout
  • Rock Surround Fireplace
  • Keeping Room w/Second Fireplace
  • Built In Cabinets
  • Wet Bar
  • Granite Counter-tops in Kitchen
  • Double Oven
  • Sunroom With Amazing View
  • Estately Office
  • Patio off Master with View of Lake
  • Master Bath w/Soaker Tub, Tile Shower, Dual Vanities, & His and Hers Closets
  • Large Laundry Room
  • 2 Staircases
  • Loft/Playroom
  • Much More!! 
  • Contact Angi Pilkenton For More Information!
Click HERE for a Video Tour of this Home. 

$98,400

HOME FOR SALE

  • 3 Bedrooms, 2 Baths
  • 1,230 SqFt on 2 Acres
  • Built 2002
  • USDA Eligible Per USDA Site
  • Located in Cul-De-Sac
  • Galley Style Kitchen W/Plenty of Cabinets
  • Refrigerator to Remain
  • Wall-to-Wall Carpet
  • Trey/Vaulted/9 ft Plus Ceilings
  • Pulldown Attic Stairs
  • Breakfast Area, Pantry
  • Deck & Front Porch
  • 2 Car Garage W/Shelving
  • Amenities: Lake, Park, Neighborhood Assoc.
  • Contact Alicia Gibson For More Information!

$93,500

HOME FOR SALE

  • 3 Bedrooms, 2 Baths
  • 1,800 SqFt on 2.28 Acres
  • Built 2004
  • Metal Roof
  • Meticulously Landscaped Fully Fenced Yard
  • 2 Outbuildings
  • Pellet Stove Fireplaces
  • Sun Porch W/Ceramic Tile Floors
  • Formal Living Room
  • King Sized Master Suite W/Garden Tub & Walk-in Closet
  • Built-in Office Nook
  • Refrigerator
  • Contact Renee Goodman For More Information!

$83,500

HOME FOR SALE

  • 3 Bedrooms, 1 Bath
  • 1,108 SqFt on .31 Acres
  •  Built 1964
  • Hardwood Floors
  • Tile Bath
  • Refrigerator and Washer/Dryer to Remain
  • Private Fenced Backyard
  • Back Patio
  • Out Building
  • 1 Car Attached Garage
  • Contact Alicia Gibson For More Information!

DIY Home Staging

If you decide to go it alone when staging your home, you can take some tips from the pros. The No. 1 piece of advice for do-it-yourselfers is to ask for honest opinions from family and friends about what needs to be changed. Most homeowners are too personally connected to be objective about their home’s contents. But remember: Your home is no longer your home — it’s a product on the market.

Most professional home stagers contend that most people will have to spend little to no money on extra furniture and accessories. There are three major exceptions:

  1. If you’re selling a multimillion-dollar property, any obviously inexpensive or outdated furniture will probably need to be replaced. You can typically rent upscale furniture for a few months.
  2. If the appliances are completely out of date, they will drop the value of the house. Many stagers recommend buying stainless steel, but as long as everything looks current and is in good working condition, you’ll have more luck selling.
  3. If there is extreme color in your home, buyers will have a tough time imagining themselves living there. Purple carpets, orange countertops, pink walls and tie-dyed furniture could cause a distraction. Most experts recommend investing in neutral paint and floors and replacing unusual furniture with less eye-catching pieces.

Another good investment, according to most home stagers, is renting storage space. There might be enough room in the house for you to stash everything you need to hide, but you’ll want to free up that space so buyers can see it. A storage space can be a safer place for valuables and important documents, which you may not want to have easily accessible to potential buyers.

Helpful Hint:

CARPET PLUMPING

So, you rearranged your furniture, and now there are dents in the carpet. How to get them out? One of the little secrets of professional home stagers is to place ice cubes on the dents. When the ice melts and dries, the carpet fibers lift up, and voila! No more dents.

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