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Teresa Velasquez
Realtor
    Years of Experience: 6

Direct: 208-241-9818

Office: 208-232-4100



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ERA The Brokerage
158 S Main St
Pocatello, ID
208-232-4100


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Posts Tagged ‘homes for sale in Pocatello ID’

Let’s Make a Deal… in Real Estate!

Monday, June 28th, 2010

It’s a great time to buy real estate and these days most buyers are looking for the ultimate deal!  Do you know how to find that great deal?  How to proceed when you know a house is going through foreclosure?  What do the banks need when you ask them to accept a short sale?  First and foremost, if you’re going to need a loan to buy real estate, are you qualified?  How do you find out what price range you’ll be able to buy in?  Answering all of these questions is part of MY JOB!

Because there is so much to know in order to buy real estate for the best price and the best terms, we’re offering a class!  Come for a brief introduction with answers to many of the questions above, and more… and then we promise individualized service to help take you through each step necessary to get you YOUR GOOD DEAL! 

This summer come to my office at ERA THE BROKERAGE, 158 So. Main St., Pocatello, ID at 6:30 p.m. on ANY THURSDAY EVENING.  The class will be brief, we’ll have the ability to start you on the road to being pre-approved for a real estate loan, we’ll search for homes that meet your criteria for the deal you hope to secure… we’ll even go out and tour a few good deals!

It’s a super time to make a deal on Real Estate!  Prices have come down, interests rates are LOW, there’s lots of inventory so sellers are motivated!  So, come on… LET’S MAKE A DEAL!

Selling Your Home in Spring & Summer (part 2)

Wednesday, May 5th, 2010

Spring Cleaning goes a long way if you’re planning to sell your home!  A home that sparkles and shines helps the buyer feel that it’s been well maintained and is in great condition. Here’s a quick checklist of sometimes overlooked items to clean:

  • AROMA… even before buyers notice the decor of the home, their nose will notice a bad smell.  If you have indoor pets you may be immune to their odor, but it’s there.  If there has been a potty problem, get the carpets professionally cleaned, replaced if necessary.  Remove litter boxes during showings and be sure to always keep them fresh.  Remove pet feeding and watering dishes… even dry pet food leaves an odor in the home.  Try to take your pets with you for showings, or at a minimum put them in the garage or backyard or in a kennel. 
  • Other smells to be aware of are cooking odors… bacon, fish, etc.  and CHILDREN odors… diapers, bedding, etc.  Be aware of these issues, take the trash outside immediately when it comes to soiled diapers, bacon drippings, etc.  Keep fresh air flowing throughout your home to eliminate trapped odors, and use plug-ins or other electrical air fresheners rather than risk burning candles.  ASK A FRIEND who’ll be honest… “does my house smell funky?”
  • Windows, inside and out. Clean after each rain storm as well and don’t forget to clean the window sills and the tracks, especially on sliding glass doors. That grime affects the ease of operation!
  • Entry doors, door jams, thresholds, knobs, doorbells, mailboxes. Every buyer has to stand at the front door while it’s being unlocked and opened. It’s the FIRST IMPRESSION of the home — and you only get one of those! Make sure it’s free of any maintenance issues — if you need to paint it, do so — and if it’s time for a new door, a beautiful front door is a great investment that will definitely impress!
  • Light switches, switch plates: they get a little built up with grime from constant touching. Wipe them down.
  • Mirrors, faucets, sinks, tubs, shower doors. Make them sparkle! You may need a good hard water remover and some elbow grease. If your tile grout is cracked, dirty or missing, take care of it.  If the caulking around the tub is globbed on, mildewed, or lacking, have it removed and smoothly replaced.  Clean, shiny bathrooms and kitchens sell houses!
  • Light fixtures. Remove and wash the glass, wipe down the fixtures. Use a good, bright light bulb and keep all rooms well lit for showings. Now is not the time for the slow-lighting compact fluorescent bulbs.
  • Appliances – especially those that will be included in the sale. Clean appliances also show the buyer that the home is well cared for, plus they’ll see value.  Use a good de-greaser around the oven, vent/hood and cooktop, and those “magic erasers” work miracles on surfaces with texture, like the front and handles of the fridge.
  • HEATING AND COOLING:  Make sure your furnace has clean filters!  Changing them monthly during heating and air conditioning season is the standard.  Wipe away dust and cobwebs from around these major components of your home so that buyers will feel that they’ve been well maintained and won’t be a problem due to age or neglect.
  • LOOK UP!  Has dust accumulated on ceiling fan blades, molding, built-in shelves, and does it look like you’ve already started your Halloween decorations with a few cobwebs in the corners?
  • Flooring: tile, hardwood, make it shine!  Carpeting: clean, vacuumed and smelling good!  If the carpet is stretched out of shape it can be not only ugly, but a tripping hazard.  Have a professional come in and stretch it smooth.

So, really the above list could be condensed into 2 words: SPRING CLEANING. Don’t let it overwhelm you, just do it, price your home right, and you’ll have your HOUSE SOLD faster and for more money!

I’d love to help you in all of your REAL ESTATE NEEDS. Give me a call today!

Selling a Home in Spring & Summer

Friday, April 30th, 2010

Spring is in the Air! Today we’ll be talking about preparing and staging your home for selling in the spring and summer. Many of the ideas and suggestions will apply anytime you’re selling a home, but regardless of the type of market, inventory almost always rises in the spring.  Homes typically show better as the weather warms, the grass turns green, and we’re able to open up our homes to the outside air and light.

The condition of a home and it’s curb appeal will greatly affect showings and ultimately the sales price.  There’s basically two types of buyers out there: 1) Those who want a bargain on a “fixer” so they can complete the repairs and gain equity, and 2) Those who will pay a premium price for a “move-in ready” home.

Since sellers are anxious to put the least amount of money into a home they’re going to be selling, they want to make the most cost effective improvements to their yard:

Maintenance: Watering, Mowing, Trimming, Edging
            A green, lush lawn goes a long way in curb appeal!  Keep it watered, weed & feed as necessary and keep it well mowed and trimmed.  Edge the lawn along the curb, driveway and sidewalks for best impact.  Re-seed any patchy areas.

            If your flower beds are lacking or non-existent, a weed-mat covered with fresh bark will give great “oomph!” for low cost and extremely low maintenance.  Especially helpful if selling a vacant home!

Speaking of maintenance, it might be smart to hire a professional home inspector prior to listing — the buyers will love the fact that you’ve already had the inspection.  You can provide them a copy of the inspection report, with repairs that you’ve already made highlighted, along with copies of receipts showing how you repaired the item.  Some of the deferred exterior maintenance items that may typically show up on a home inspection report also impact the curb appeal of your home.  Maximize curb appeal and showings by being certain to address such items as:

          Trim tree branches away from the roof and overhead lines.

          Clean leaves and debris out of rain gutters.

          Keep rain/sprinklers away from the foundation and/or window wells.  (Well maintained rain gutters and spinkler heads.)

          Wood, whether it’s the siding, trim or deck on a house, needs to be properly maintained to eliminate any peeling paint and bare wood needs a good coat of stain.

Decks and patios can really be a showcase in the spring and summer. This time of year a deck is a fun place to stage. An appropriately sized patio set helps a buyer fall in love with the idea of spending quiet evenings enjoying the outdoors of their home. Spread out  a colorful tablecloth or place mats and a pitcher of lemonade before showings for great impact.

Color really sells in the spring and summer.   A few easy ideas to bring color to the curb appeal of a home include:

          Hanging Plants and Pots/Planters on porches, steps, patios, etc. instantly brighten everything!  Group 3 potted arrangements together on the corner of your porch, patio or deck.  (Then, if you want to take those potted plants with you to your next home, it’s easy.)

          Annuals are typically low-cost and bright colors to last the summer!  Plant a few annuals stategically in the yard where they can be seen from the street.

We’ve talked a lot about the exterior of our homes.   Next time we’ll discuss what we can do to prepare the interior of our home for sale.

I’d love to help you in all of your REAL ESTATE NEEDS.  Give me a call today!

Buying a Home Brings the “Luck o’ the Irish”!

Wednesday, March 10th, 2010

Imagine moving into your very own home and making monthly payments near or lower than your current housing expense.  Then imagine 10 years from now selling your home and receiving all of your “rent” payments back!  That’s the kind of opportunity our current real estate market offers! 

There’s never been a better time to buy real estate. I want to help you, your family members, friends, neighbors, coworkers… EVERYONE… take advantage of ideal buying conditions:

    • LOW interest rates – hovering around 5%
    • LOTS of affordable inventory to choose from
    • LOWEST prices in recent history
    • TAX CREDIT for most buyers!
  • Enter into purchase contract on or before April 30, 2010
  • Close purchase on or before June 30, 2010
  • $8,000 tax credit for first time buyers
  •      for those who have not owned their own home in the past 3 years
  •      10% of purchase price of home up to $8,000 FREE MONEY back to you!
  •      must reside in new home for 3 or more years
  • $6,500 tax credit for “move-up” buyers
  •      for those who have resided in and owned their current home 5 of the past 8 years
  •      no need to sell current home/may keep it as a rental but move into new home
  •      new home does not need to be higher priced than current home
  •      10% of purchase price of home up to $6,500 FREE MONEY back to you!
  •      must reside in new home for 3 or more years
  • Enter into purchase contract on or before April 30, 2010

  This truly is your opportunity to have the “luck of the Irish” upon you! Owning a home is key to financial good fortune.  I’d love to talk with you and yours, answer any questions you may have, and of course…. I APPRECIATE YOUR REFERRALS!

#1 Home Staging Tip: De-Clutter

Thursday, January 21st, 2010
When it comes time to think about selling your home, don’t feel overwhelmed with the large list of repairs and fix-ups you might think your house needs.  The #1 home staging tip is: DE-CLUTTER!  And cleanliness is a close second.  Clean and clutter-free is half way to SOLD!

This is the perfect time of year to work on organizing and de-cluttering your house, and really helps avoid cabin fever if you’re feeling stressed and cooped up inside.  Back-in-the-day (way before I was born!) spring cleaning had a huge purpose because many homes were heated with coal furnaces that would leave a black residue on everything.  So spring cleaning involved washing down walls, ceilings, draperies, etc.  Aren’t we lucky to live at a time when spring cleaning might mean calling in the carpet cleaners for a professional cleaning and wiping down dusty baseboards?  But the organizational factors are huge.

Over the last couple of years I had the bad habit of tossing a few things like old magazines I didn’t want to give up under the bed.  I cringed at the thought of all of this “stuff” under my bed until last week I did a deep clean of my bedroom.  There wasn’t as much stuff under the bed as I had imagined and it was not a huge project, but the feeling it gave me after the room was done is pure satisfaction!  I organized all of my drawers in addition to cleaning under the bed, dusted everything well, and even organized the basket meant for magazines to manageable!  It feels great!

So whether you’re thinking about selling your home or not, right now is a good time to de-clutter and organize for that feel-good feeling!  If you are thinking about selling your home, I have an easy to follow 20 Step Checklist to help your home show its very best!  Just call me and I’ll be happy to share!  In the meantime, let me pass on this interesting article from Better Homes and Gardens full of great organizational and de-cluttering tips:

 

 
  
Quick & Easy Clutter Fixes
 
Keep your closets, cabinets, and more organized—for good!

Clutter Cures Every Closet Can Use

Successfully Manage the Master Closet

Customize Storage Cabinets to Fit Your Life

33 Ideas for Better Organization

Be a Better Buyer: Tips to a Smart Real Estate Purchase

Wednesday, January 20th, 2010

With incentives like $8,000 or $6,500 Tax Credit (FREE MONEY!), low interest rates, good inventory to choose from, and generally a BUYERS MARKET in the Pocatello area, who wouldn’t want to be buying a home right now?! I just met with a  couple who are excited to get going on the path to homeownership, and they’re already doing the right things.  Let’s consider some smart steps to take when you’re considering buying a home:

  • Contact a Realtor.  I typically (99.9%) do not charge my buyers anything to use my services. You can rely on me as a professional to guide you through every step of the way and answer all of your  questions and/or concerns.  Tell me a little bit about yourself, what you’re hoping to find, and schedule a time to meet in person with me.
  • Get Pre-Qualified.  If you haven’t met with a lender before we meet, I can recommend lenders for you to meet with that will get the job done easily for you.  Being pre-qualified for your home mortgage is of #1 importance.  We must know what price range we can shop in with the assurance that our house hunting won’t be in vain.  Have your lender communicate with me, providing me with a written letter of pre-approval.
  • Know What’s Important to you in a home.  Make a list of must-have’s, like # of beds and baths, location, and of course, price.  Then make your list of “it’d be nice to have” such as garage, fenced yard, air conditioning, etc.  Go ahead and browse through the local real estate magazines, such as Homeseekers or the Journal Home, mark pages, circle homes, make a list of MLS #’s and show me what’s catching your eye.
  • Schedule our first showing appointment with me, allowing plenty of time to visit 3 or 4 homes.  Keep the information sheets I’ll give you for each home and TAKE NOTES!  After seeing just a few homes they can all mesh together in your head unless you’ve taken good notes such as “bay window in dining”, “ugly green carpet!” or “freshly painted inside – perfect color!”  If we see a house that you KNOW is definitely out of the running, just fold the page in half and you don’t have to look at it anymore!
  • LISTEN to my advice.  Sometimes you’re fortunate enough to come across the “perfect” house for you on the first shopping trip.  Ask questions and let me research the listing a bit — is it priced right, just new on the market, not likely to last long?  If it “feels” like the home you’ve imagined, take a leap of faith and make an offer today!  But if I’ve got others I really think you should see before deciding, let’s see them and become educated with how one home compares with another!
  • FOLLOW SMART HOMEBUYING STEPS… when we write your offer you’ll need your Earnest Money Deposit; which will become a portion of your down payment.  In the Pocatello market, the amount is typically .5% to 1% of the purchase price being offered.  This can be in the form of a personal check or cash which will be held in the trust account of the brokerage.  If your offer is not accepted, it’s returned to you immediately.  I’ll guide you through every part of the offer, which will include such things as home inspection, closing costs (who’s paying what?) what’s included/excluded, occupancy/closing date and so forth.  Plan to spend $275 – $300 on a professional home inspection as soon as we have an accepted offer. 
  • ASK QUESTIONS ALL ALONG THE WAY!  Don’t just wonder… ASK!  There are no stupid questions, and I would like to communicate fully with you so that no doubts are nagging you at any time.
  • DON’T WASTE TIME – to qualify for the Tax Credit, offers must be signed by all parties on or before April 30, 2010, with a closing date on or before June 30, 2010.  Don’t wait to the last minute on anything — you don’t want to miss this!

For more information about the Home Buyer Tax Credit, please call me or go to: “The Basics: Extended Home Buyer Tax Credit 2009/2010″  or:  Homebuyer Tax Credit FAQ .

RECORD-SETTING TIME TO BUY A HOUSE!

Tuesday, November 17th, 2009

Buy a house now – get an $8,000 tax credit!  Buy a house now – take advantage of low prices!  Buy a house now — get a great interest rate on your mortgage!  Buy a house now — be part of record making history!

It’s not often so many working parts work in harmony to create the most buyer-friendly real estate market I can remember.  My very first real estate buying experience personally was back in the early ’80′s when we could buy a brand new house for around $40,000, but we counted ourselves very lucky to have an interest rate under 9.5%.  Oh, what a super opportunity buyers are facing right now.

Especially RIGHT NOW, as sellers brace themselves for a long winter trying to get their house sold, buyers should be able to negotiate even better prices if they’re ready to act fast!  Current interest rates continue to hover at record lows.  There are good loan programs available to help those who didn’t think they’ve got enough down to get into a home — with  very little down.  With the tax credit for buyers ending in April, waiting until nearer that deadline might cost you.  With a rush of more buyers wanting to qualify for that credit before it ends, coupled with the beginning of spring which typically makes home buying activity increase, prices are likely to go up as sellers shift into the “driver’s seat”.  A trend seen before also indicates that interests rates rise in the spring.  There hasn’t been, and may never be, a better time to buy a home, and those who hesitate with hopes of even lower prices gamble away the chance at historic savings and incentives.

Wouldn’t you rather buy with the maximum number of factors on your side?  With the new expanded tax credit, for many people buying now, it will mean the difference between owing taxes and receiving a sizeable refund.  Again, for your basic knowledge, the tax credit is now available for:

  • First Time Homebuyers; those who either have never owned a home, or have not owned a home within the past three full years.  Must be under contract in the purchase of a home by April 30, 2010, and close by July 1, 2010.  Income limits are $75,000 for a single person and $150,000 for a married couple.  Receive a tax credit of $8,000.
  • Move-Up Homebuyers; those who have lived in their current home they are selling for at least 5 consecutive years of the past 8 years.  Must enter a contract for the purchase of a home after the President signed the bill and before April 30, 2010, and close by July 1, 2010.  Income limits are $125,000 for a single person and $225,000 for a married couple.  Receive a tax credit of $6,500.
  • (There are more details — consult your accountant or tax preparer.)

We all know the saying about lightening not striking twice in the same place.  The current energy that current mortgage rates, home prices and the home  buyer tax credit are injecting into the housing market is only temporary, and may not be seen again in our lifetime.  If you or anyone you care about is contemplating making a real estate move, please call me and I’ll be ready to help!

TOP 5 IMPROVEMENTS TO SELL YOUR HOUSE!

Thursday, November 12th, 2009

Want to sell your house faster and for more profit?  According to a recent HomeGain.com survey, the top five home improvements that Realtors recommend to home sellers based on cost and return on investment (from highest to lowest ROI) are: 

1. Cleaning and de-cluttering ($200 cost / $1,700 price increase / 872% ROI)
2. Home staging ($300 cost / $1,780 price increase / 586% ROI)
3. Lightening and brightening ($230 cost / $1,300 price increase / 572% ROI)
4. Landscaping ($320 cost / $1,500 price increase / 473% ROI)
5. Repairing plumbing ($385 cost / $1,250 price increase / 327% ROI) 

HomeGain’s recent survey shows the top do-it-yourself home improvements that Realtors recommend to home sellers. HomeGain received responses from nearly 1,000 Realtors nationwide and configured a list of the top 12 do-it-yourself (DIY) home improvements that cost under $5,000 and benefit sellers most when they sell their homes. 

Cleaning and de-cluttering continues to rank as the top suggested home improvement to sell your home (since the survey was originally conducted in 2000), recommended by 98% of Realtors, costing less than $200 and returning a value of nearly $1,700 to the home’s sale price, or an 872% return on investment. 

Many Realtors agree, especially in a buyer’s market, that sellers who make these recommended home improvements often get their homes sold faster and at higher prices. 

Rounding out the top 12  low cost, do-it-yourself home improvements to sell your house:   updating electrical, replacing or shampooing carpets, painting interior walls, repairing damaged floors, updating kitchen, painting outside of home, and updating bathroom/s.

The home improvement projects with the highest price increases to a home’s resale value are updating the kitchen ($1,200 cost / $2,850 price increase), followed by painting the outside of the home ($900 cost / $1,815 price increase) and home staging ($300 cost / $1,780 price increase). 

Inexpensive cosmetic home improvements and basic improvements greatly enhance the value of the home.  As you can see, improvements don’t have to be costly to earn you higher profits on the sale of your home.  This is just one benefit of hiring a Realtor; someone who can help you know exactly what needs to be done to get your home SOLD! 

For a free market analysis in preparation for selling your home, give me a call.  I look forward to sharing my knowledge and expertise with you to get your home SOLD fast!

Read more: http://rismedia.com/2009-11-09/home-sellers-top-5-home-improvement-projects-based-on-cost-and-return-on-investment/#ixzz0WgQk4iR4

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