Archives: August 2012

More Tips on How to Effectively Stage Your New Albany Home

Staging a home can make a world of difference when it comes to selling a Central Ohio home for sale.

When a home is staged properly, it makes it easier for the home buyer to envision living there.

Meanwhile, an improperly staged home may make the home seem smaller than it actually is.

If you’re a New Albany home owner who recently listed their home, we recommend you read today’s Central Ohio real estate blog to discover how you can effectively stage your home.

New Albany, Ohio Homes for Sale

Before you ever begin staging your home, it’s important to first clean and declutter your home.

Once you’ve done that, you’re ready to stage your home in such a way that make it look cleaner, larger, and more inviting.

Here are some tips from professional home stagers on how to stage your home the right way:

  • Arrange the furniture in such rooms as the living room in a grouping style known as a vignette.
  • Group items in units of 1, 3 and 5
  • Use fabrics that are appealing to the masses, such as silk and satin
  • Replace personal photos around the home with universally appealing images such as landscape art
  • Set out fake or real plants around the home to make it feel more inviting
  • Place a large fruit bowl in the kitchen with vibrant red apples, bright oranges, etc.
  • Use orange oil on dry cabinets to give them a nice polished look

As most home stagers will tell you, the key to home staging is to limit the number of bulky furniture in each room and to emphasize the details.

Here are some additional items that professional stagers often add to homes to dress them up:

  • Mirrors
  • Silk Flowers
  • Table Lamps
  • Area and Throw Rugs
  • Ottomans
  • Afghans
  • Baskets
  • And more!

Selling New Albany Ohio Homes

To discover even more tips on how to effectively market your New Albany home for sale, be sure to contact us, Kate & Tony Thomas, today!

As your Central Ohio real estate experts, we’ll be more than happy to provide you with helpful advice at every stage of the home-selling process.

In the meantime, you may also consider checking out some of the real estate resources that are available online now, including:

Until next time,

Kate & Tony

 

Securing a Mortgage on Your Dream New Albany, Ohio Home for Sale

One of the first things that New Albany home buyers must often do is secure a loan from a lender.

Thanks to the buyer’s market climate on the national housing market, loans have come with record low interest rates in recent months.

The downside is that lending standards are pretty tight.

Below, we’re going to provide you with tips on how you can successfully secure a loan on the New Albany real estate market.

Tips for How to Secure a New Albany Mortgage

Know your credit score. The higher the credit score the better in this current housing market, especially given the tight lending standards. So request your credit scores and credit histories from the top three credit-reporting bureaus. By doing so, you’ll have a good idea of where your score falls. Typically, lenders will not accept anything lower than a 680 for a Fannie Mae or Freddie Mac loan. Loans through the Federal Housing Administration will often accept lower credit scores than that, however.

Prepare Necessary Loan Application Documents. No matter where you go, your lender will likely ask you for the same basic documents, including your last two pay stubs, W-2s, income-tax returns and bank statements. So make sure these documents are easily accessible.

Know what you can afford. Take into consideration all of your regularly recurring bills and plan a budget. Make sure to leave room for savings and unexpected expenses!

Ask Different Lenders. You want to get the best loan you can possible get in terms of amount and interest rate.  We have several preferred lenders that we work with who will make sure you receive competitive terms and will insure that the process goes smoothly.  Just ask us for recommendations!

Consider Getting a Short Term Loan. While this may have been financially impossible for many home buyers in the past when interest rates were much higher, it actually may be possible and affordable to get a 15- or 20-year loan in today’s climate.

Keep Trying. Even if one lender rejects your application, there may be others who will accept it. So keep looking! It may also help to ask the lender why the rejected your loan application to see if there is anything you can do.

Receive some money to help with the down payment? Then make sure you can document it! Various lenders have different requirements on how much of your down payment can come from others as a gift and how much must come from your own funds.

Don’t Make Any Major Changes that Could Affect Your Credit. Even if your mortgage is approved, be careful not to do anything that could negatively affect your credit, such as applying for new credit cards, missing payments and financing a new car. After all, most lenders will check your credit again prior to the loan closing and many reserve the right to revoke your loan if they don’t like what they see.

New Albany Real Estate for Sale

For additional help on how to secure the ideal loan – or for any other advice on the New Albany real estate market in general – please contact us, Kate & Tony Thomas.

We’d be proud to serve as your New Albany REALTORS and will offer you practical advice as well as helpful tools, such as:

Until next time,

Kate & Tony Thomas

 

The Checklist That Every New Albany Ohio Home Seller Should Have!

Many home sellers think that all the work is done as soon as both parties have signed the purchase offer.

However, any responsible home seller knows that there are still several things they must do in order to ensure that the closing goes smoothly.

Below, we’ve listed the top things that home sellers should do right before closing. Continue reading to learn more!

Selling Your Central Ohio Property

Here are some actions you should take as a home seller before closing on your home. Please note that you should do these things once the home has been cleared of all of your furniture and personal belongings.

  • Gather All of the Documents Related to the Sale of Your Home and Keep Them Safe. This includes your executed seller disclosers, purchase contract and addendums and more. You never know when you may need them again.
  • Clean the House. Wipe down cabinets, vacuum the carpet one last time, etc. This will undoubtedly leave the home buyer happy, and at this critical stage right before closing – that’s important.
  • Turn off your home’s shut-off valves. Many home owners will actually shut off all water sources in the home, including toilets, dish washers. This is to prevent any water damage between the time you’ve vacated the home and the new buyer moves in. Be sure to let the buyer know you’ve turned off all the shut-off valves so they know why their water isn’t running the first day they move in.
  • Cancel your insurance policy. Do this only after you know that the title transfer has been complete. Once you do this, you may receive a refund on your homeowner’s insurance from your prepaid premium.
  • Cancel utilities and any subscriptions. Since you won’t be living at that address anymore, you’ll want to transfer these services to your new home. Coordinate the transfer of utilities with the new buyer so that service is not turned off.
  • Give the buyer all the keys that come with this house. This includes house keys, mailbox keys, gate keys and remotes.
  • Give your home one last look over. Check the cabinets, closets, attic, and other places for any personal items you may have forgotten about when packing.
  • Secure the house one final time. Turn off the lights, close the blinds, and lock the doors. By doing these things, you’re making the home less appealing for burglars and leaving it secure for the new home buyers.

Your New Albany, OH Real Estate Experts

For more tips on how to make the home selling process as easy and stress-free as possible, contact us, Kate & Tony Thomas!

When you do, we’ll provide you with expert advice and useful resources that will help you at every stage of the home-selling process, including:

  • Pricing your home right
  • Listing your home on the market
  • Showing your home to buyers
  • Securing a purchase offer
  • Closing on your home

Get the process started today by checking out the helpful tools we’re already offering for free online, including:

Until next time,

Kate & Tony