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Charles Pulliam
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Archive for May 2009

For Sale By Owner – Are You Ready?

Tuesday, May 26th, 2009

A great way to market your home for top dollar is to have a home inspection prior to putting it on the market. With the pre-listing home inspection you can make the repairs or identify them and factor them in the price. You have greatly reduced the chance of nasty surprises coming up after the buyer’s inspection. Unexpected repairs can mean money you hadn’t planned to spend or complete renegotiation of the price by a savvy buyer during the option period. Knowing about repairs in advance can make for win/win negotiations, especially if one party can easily make the repairs and the other would need to hire the work done by an expensive professional.

Quick fixes before selling a home always pay off, but which repairs bring the biggest return? Specific answers to this often-asked question largely depend on a variety of factors such as:

  • Time of year
  • Location of the home
  • Market temperature
  • Competing inventory

There is no hard and fast rule. But there are general guidelines that apply to most homes. For example, the National Association of Realtors publishes each year the Cost vs. Value Report with Remodeling Magazine, which features various home project costs and returns in four regions, including a national average.

Overall, buyers want to buy a home that has no deferred maintenance, newer appliances, updated plumbing, electrical and heating (including a/c), modern conveniences and is ready to occupy.

If you’re selling your home yourself you’ll have to go out of your way to make it easy for house hunters to tour your home. Without a lock box, you or a friend will have to be at your home to meet agents and their clients. And you must always remember that having you as the seller at the house is, according to most real estate pros, a significant disadvantage. House hunters are less likely to open closets, dawdle in bathrooms, and check out your new basement if you’re hanging over their shoulder or watching TV in the living room. And if they don’t linger, they won’t have a lasting impression of your home. If you absolutely must be at home while potential buyers are there, try to stay busy in the yard or garage. Above all, do not follow them around the house pointing out your remodeling projects or the cute wallpaper you hung in the kids’ rooms.

If you have simply had enough, hire a Realtor! Over 80% of those who attempt to sell their home For Sale By Owner end up using a Realtor.

Living Green – What Does It Mean?

Thursday, May 7th, 2009

Simply put, living green means making conscious choices that are healthy for you, others, and the environment. This can be complicated and may feel overwhelming, but one can start small and move forward!

Where do we start in the home? Here are some simple steps one can take to living a greener life while at the same time saving money:

1) Water heaters – Lowering your water heater to 120° will save you money in the long run, and helps reduce carbon emissions. Better yet, installing a tank less hot water heater is the way to go. You never run out of hot water, and it only heats the water when you need it. There are tax incentives for doing this as well. Rinnai is one company that offers this product.

2) Adjusting your thermostat – Moving your thermostat a degree or two can have a big impact! One can save 5% for every degree you lower your thermostat below 70° in the winter, and 2% for every degree shaved off above 72° in the summer. Use fans and bundle up!!

3) Checking your air filters – Most HV/AC companies check residential units twice a year, in the summer and fall when temperatures begin to change. While this is better than nothing, you can increase your efficiency by checking them once a month. Checking to make sure they are clean can save you 5-15% on your bill!

4) Cutting down air leaks in your home – Studies show that air leaks can increase your heating and cooling cost by 10%. The best remedy is to caulk and seal these areas which will decrease your carbon footprint.

5) Lights – Regular light bulbs only convert about 5-10% of its energy into light! The rest is wasted as heat. Using compact florescent bulbs (CFL’s…the swirly light bulbs) that conserve energy and last longer helps. It is also recommended that you try to maximize any natural light that you can. Energy Star offers more information on this product.

So now you can make a list and head to your local hardware store to get the ball rolling! These 5 simple steps should make you feel better about your contribution to living a greener life. And… you will save money! Who doesn’t want to save money? For more information on living green, go to The Daily Green.

Market Recap

  • Avg. Sales Price: $153,355

  • Avg. Days on Market: 105

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