Category Archives: Selling Real Estate in New Albany

Change Your Home with Color!

Orange ChairWe like color and the positive impact it can have on you and your home!

As Realtors, we constantly counsel sellers on the need to take their homes to white, beige, gray and greige in order to sell. But selling your home isn’t anything like living in your home. When you are selling, we treat your home like a Hollywood set. But for living in your home, it needs to reflect YOU!

Moll Anderson’s book, “Change Your Home, Change Your Life With Color,” notes that “color is an amazing source of energy and has a sensory effect on all of us. It affects our moods, our feelings, and even our behaviors.”

FullSizeRenderWe believe this is true. Orange is a very happy color for Kate and Tony, who have introduced it into every room in their house, most dramatically in their dining room artwork. We are advocates for pops of color in your home – whether it’s a piece of furniture, art, accessory, drapes, or accent wall. We’re not suggesting you need color from floor to ceiling in every room of your home. Be creative; there are no rules. How do you want your home to inspire you? Do you want your home to make you feel happy, calm, energized, passionate, creative, dramatic, rested, etc.?

Rather than focusing on spring cleaning your home, we propose you consider sprucing up with a pop of color for exactly what you need to bring into your life!

FullSizeRender (2)Thinking of selling your home?

If you are thinking about selling your home in the near future, don’t hesitate to call us about our marketing services, including home staging. We will advise you of what today’s buyers prefer and get you all fixed up to sell! Thomas & Company will coordinate anything that needs to be done and even stage your home for you!

Have fun and happy spring!

 

7 Things That Will Help Your Home Sell Faster

Home sellers need to think of their property as a product instead of a home. The better your home looks, the faster it will sell. Often what helps a home sell faster is also what helps it sell for more. Surprisingly enough, just having a low price isn’t the key. Today’s buyer wants to move right in, and they will pay a premium for this.

Doing these 7 things will help to make sure your home sells quickly and for top dollar:

house free of clutter1. Declutter

Decluttering makes every room look larger and feel neater. Buyers have trouble imagining themselves in a cluttered house. By removing or storing things you don’t need – including furniture – you create a roomy, comfortable feeling that will be inviting to prospective buyers.

When decluttering, remember: less is more. When in doubt, throw it out!

2. Clean, Clean, Clean

A clean home shows the prospective buyer it has been well cared for. Be sure every room smells as good as it looks, paying special attention to pet areas, nurseries, and bathrooms. Buyers will be impressed with sparkling clean kitchens and bathrooms. Consider hiring professionals to clean carpets, steam clean tile and grout, and paint stained walls and dinged woodwork. A little paint goes a long way toward brightening up a home. Buyers like move-in condition and will pay more for it!

3. Make Repairs

Making repairs eliminates buyer objections before they arise. If you think something is too much trouble to fix, chances are a buyer will, as well. Buyers tend to think repairs cost a lot more than they do. Just like cleaning, a home in good repair reinforces how well a home has been maintained.

4. Depersonalize

Neutralizing helps buyers imagine their own things in your home and picture themselves living there. Neutral paint, décor, and flooring create a home for any lifestyle.

Today’s buyers gravitate towards a “greige” palette and clean lines without fussy window treatments. Eliminating distracting colors, particularly from living spaces, lets buyers concentrate on positive impressions.

5. Remodel or Upgradestaged kitchen Before and After

The best returns come from the smallest improvements; painted woodwork and cabinetry, new paint, new carpet, refinished hardwood floors, and new hardware all create a fresh new look for the home for minimal cost.

If you want to go a step further, consider upgrading appliances, counter tops, and fixtures (both lighting and faucets).

Major remodeling such as replacing kitchens, bathrooms, roofs, and windows should only be done if necessary. Although doing major upgrades will help a home sell faster, the time it takes can be quite long and you are less likely to see a dollar-for-dollar return.

6. Stage Your Yard

Buyers make an instant determination of how desirable a home is based on the curb appeal. A beautiful front yard creates a good first impression. Once you remove weeds, rake leaves, trim hedges and walkways, and prune trees, you can begin to stage the front of the house! New plants, flowers, and mulch will brighten your yard. Beautiful pots create a welcoming feel. A fresh coat of paint on the front door and trim really pays off!

7. Stage the HouseStaging - Dining Room Before and After - photo credit-resized

Staging is often dismissed by agents as unimportant, most often because of cost. At Thomas & Company, we believe that good staging increases the value and appeal of a home. A stager looks at a home through a “buyer’s lens” and can make suggestions for how showcase your home to its best advantage. We believe so strongly in the power of staging that we even include a session with our home stager as part of our marketing services.
A well-staged home photographs better, too. And since the photos of your home are most often its first “showing” to a potential buyer, quality photography is vital. As with curb appeal, the better the home looks, the faster it will sell.

Considering Selling Your Home?

We can help you sell your home faster and for top dollar. Contact us at 614.939.1234 and let’s talk about your home selling goals.

Staging Your Home

It’s time to prepare your home to sell. So where do you begin?

It’s a good idea to take an objective look at your home to see what needs repaired or replacstaged home in New Albanyed. Your house will be scrutinized by potential buyers who won’t overlook smudges around the light switches, boxes stacked in the laundry room, or peeling paint on the back splash. A spruced-up home makes a good first impression, which is essential for getting buyers to investigate further. Ultimately, you want buyers to picture themselves living in your home. This means you will need to clear your home of all distractions, such as clutter and personal photos on the walls.

It’s not personal. It just helps would-be buyers to visualize the home as their own. Let us take you through the process.

Clear Out the Clutter in Every Room

Decluttering your home makes every room look larger and feel neater, and it gives the impression that it has been well cared for. If a house is cluttered, buyers have trouble imagining themselves in it.

Be sure every room smells as good as it looks, and pay special attention to pet areas, nurseries, and bathrooms. Fresh paint and a one-time professional cleaning service can make your home look like new!

If you have acquired too much stuff over the years, sell some, donate it to charity, or throw it away. If you can’t bear to part with it, store it out of sight. A good rule of thumb: When in doubt, throw it out.

Neutralize

Neutral paint, décor, and carpeting create a home for any lifestyle. Neutralizing also helps buyers see their own things in your house and visualize living there. Eliminating distracting colors and accessories lets the buyer concentrate on positive impressions.

Depersonalize

Help buyers see themselves living in your home by removing personal items like photos and collections. You want the buyer to look at your home, not your possessions.

Declutter Closets

Closets and storage spaces are important considerations for home buyers. Store unused or out-of-season clothes so that your closet looks bigger and more organized.

Deep Clean

Have your carpets cleaned professionally; if they are badly worn or stained, replace them. It’s a relatively inexpensive way to improve the appearance of your home.

Make All Necessary Repairs

Making repairs eliminates buyer objections before they arise. If you think something is too much trouble to fix, chances are the buyer will think so, too. Buyers tend to think repairs will cost more than they do. Don’t start any major renovations since it’s unlikely you will recoup the cost, but do repair leaky faucets, slow drains, torn screens, broken windows and any other minor issues.

Curb Appeal

Creating an excellent first impression of your home starts from the outside and can make or break a sale. If potential buyers don’t like what they see on the outside, chances are they won’t look any further, so make your home’s exterior look its best.

It is crucial that your home look its best during showings. Buyers take this time to tour your house in person and consider whether it is their next home. Make this aspect of home selling easier with a concrete plan for before, during and after each showing. Your hard work will likely pay off in the form of an offer.

Contact us to learn more about home staging and selling real estate in New Albany.

Sale of Home Contingency Explained

A common question we get from our clients is what to do when an offer on their home includes a Sale of Home contingency. In a nutshell, a Sale of Home contingency means that the potential buyer has a home to sell, and that they will only move forward with the purchase of the new home if and when their property sells. Our clients are often uncertain about how to proceed when they receive an offer with this contingency. Of course every situation is unique, but in most cases, we advise the following.

Should You Accept the Home Buyer’s Offer?

Whether or not to accept an offer with a Sale of Home contingency depends on two key factors:

  1. The salability of the buyer’s property — You (with our help) need to evaluate how likely it is that the buyer’s home will sell within a reasonable timeframe. Factors such as how it is listed on the market (by a Realtor or FSBO, for example), its list price, location, and condition will all play a role in how quickly it sells.
  2. The dollar amount of the offer — If an offer is going to contain this type of contingency, then the dollar amount needs to be on the high end of what the homeowner is willing to accept. A “low ball” offer with a Sale of Home contingency is usually not worth considering.

If You Decide to Accept the Offer

If our clients consider these factors and choose to accept the offer, we strongly advise them to include language in the counter offer that will allow us to continue marketing and showing their home, even though it is in contract. We also include an escape clause that allows for our clients to accept a better offer. It works like this:

two professionals shaking handsOur clients receive another offer that they’d like to accept.

  • They accept the offer as a back-up offer.
  • They notify the first buyer of the new offer, and give the first buyer a certain amount of time (usually 48 hours) to remove the Sale of Home contingency.
  • The first buyer must either remove the contingency (and move forward with the purchase regardless of whether or not their home sells) or be “bumped” by the second buyer.
  • If the first buyer does not remove the contingency within the allotted time frame, then the second buyer takes over the primary position and the transaction moves forward.

Sale of Home contingencies are very common and, when handled properly, are just another component of a smooth transaction. We can provide more information about contingencies and what to expect when selling your home. Call us at 614-939-8944.

Will 2017 Be a Buyer’s or Seller’s Market?

Buyers Road and Sellers Lane signsA common question as we enter the new year is “Will next year be a buyer’s or seller’s market?” Most economists agree that 2017 will likely remain a seller’s market. In some of our neighborhoods, the answer is obvious — we have been playing “catch up” on inventory all year. I expect the New Albany market to continue to skew toward sellers well into 2017, even with an uptick in mortgage interest rates. There are several pockets where inventory levels remain higher, primarily the +$1M market, that might be classified as a buyer’s market.

The National Association of REALTORS® defines a seller’s market as one with less than a 6-month supply of homes for sale. A balanced market will have a 6- to 7-months’ supply of homes for sale, and a buyer’s market generally has an 8-month supply or more. Supply varies from community to community as seen in the table below (based on inventory/trailing year sales as of 12/20/16):

Neighborhood Months’ Supply of Homes for Sale

CommunityMonths of Supply
New Albany Country Club (under $1M)4
New Albany Country Club (over $1M)12
Hampsted Communities2
New Albany Links Communities1
Windsor3
Preserve Communities1
Albany Park0

Where Will Mortgage Rates Go?

The consensus seems to be that mortgage rates will rise from the historically low interest rates we’ve enjoyed for the past eight years. In fact, we’ve already started to see an increase. When the Federal Reserve raises its rate, it inevitably puts pressure on rates that lenders charge for mortgage interest. We don’t believe the rates will increase to levels where affordability will be substantially impacted.

Key Takeaway for Sellers: If you are planning to sell your home in the next two years, 2017 is likely to be the better year in which to do so. Call us for more info: 614-939-8944.

6 Simple Holiday Decorating Ideas for Your Home

What really makes your home warm and merry this holiday season is the people you welcome into it. Sometimes we get so consumed with the details – cleaning, decorating, shopping, cooking – that we forget to stop and take the time to enjoy the best part of the holidays – spending time and making memories with our loved ones. So here are some super simple holiday decorating ideas to help make your home more festive and leave you plenty of time and energy left to enjoy what matters most.

  1. Fill a glass vase (or other unique container) with colorful glass balls. This adds color and cheer to any room, and allows you to showcase your crystal vase or glass bowl that rarely come out of storage and make use of those “extra” ornaments.
  2. Fill a fireplace (that you are not planning to use, of course) with several poinsettia plants. This can really brighten up a room and add a cheery focal point. Finish the look by draping some garland over the mantel for a framing effect.
  3. Highlight a large light fixture with a little garland and/or a sprig of mistletoe. This is a great way to add some decorations to a room without taking up any table or floor space, which can be limited, especially if you are entertaining.
  4. Cover empty boxes in various sizes with shiny, colorful holiday wrapping paper. You can arrange tiny boxes on a serving platter and use as a centerpiece, and fill empty corners or display shelves with larger boxes.
  5. Hang a single, small to mid-size wreath in a feature window.
  6. Tie a swag or two on your mailbox. Add some ribbon for an added pop of color.

We Can Assist With Your Holiday Real Estate Needs

Are you buying your next home or selling your current home during the holidays? We are here to help with anything you need. Call us at 614.939.8944.

Downsizing Tips – Ways to Make the Transition Easier

People choose to downsize or “right-size” their home for a number of reasons – simplify lifestyle, reduce housing costs, relocate to a new climate, the list goes on. Whatever your reason for wanting to make the transition to “smaller living,” considering the following tips to help make the lifestyle shift more manageable and less overwhelming.

downsizing-your-home2-1

Reimagine Where (and How) You Want to Live – If you have not finalized your next step yet, take some time to really think about what you want that next chapter to look like. Having a clear vision of where you are going will remove much of the uncertainty and allow you to focus on what needs to happen next.

Downsize Your “Stuff” – If you are moving to a smaller home, then you will not need as many things to fill it. And a clutter-free home definitely appeals more to buyers and sells faster. Before putting your home on the market, take some time to go through your personal and household items (even furniture) and be very selective about what you take with you. You may even decide that you want to have a whole new style in your new home!

Make Necessary Home Repairs and Improvements – Buyers do not like to work hard to envision themselves in your home. A home that is move-in ready and upgraded properly will always sell faster and for more money than one that requires a lot of work.

Don’t Go It Alone – Hire the Experts – The process of downsizing can feel a bit overwhelming. Take advantage of the amazing local resources available to help walk you through each step:

  • Realtor
  • Professional Organizer
  • Home Stager
  • Estate Sale Professional
  • Financial Consultant
  • Lender/Banker
  • Attorney
  • Mover

Want to learn more about the ins and outs of downsizing? We will cover these topics and more in detail at our free Downsize New Albany seminar on Oct. 19, 2016, at the Heit Center in New Albany. You’ll hear from a panel of local experts and have the opportunity to ask questions and pick up information about housing options and other services available in the area. Reservations are required. RSVP to info@newalbanyohio.com.

Can’t make it to the seminar, but still want to learn more? We would be happy to help! Contact us at 614-939-8944 or tonyt@newalbanyrealty.com, or visit us online at www.NewAlbanyOhio.com.

7 Easy Ways to Declutter Your Home

Whether you are preparing to sell, simplifying your life or just doing an annual fall clean-out, decluttering is often one of the most challenging tasks of home ownership. While it may seem tempting to sort through the entire home at once, trying to tackle such a large project in such a short time will leave any homeowner frustrated. Following these essential decluttering tips will make your job much easier.

  1. declutterAllow plenty of time – start decluttering a few months in advance of a potential move, if possible.
  2. Make a list of items you cannot live without.
  3. Choose storage containers that are attractive and make the most use of space.
  4. Donate any furniture that you don’t need or want anymore.
  5. Donate or discard anything you haven’t used in the past year.
  6. Ask a friend or family member for objective advice.
  7. Keep furniture that serves more than one purpose.

Need Additional Tips about Downsizing?

If you are planning to downsize and move within the New Albany and Greater Columbus area, we are more than happy to assist you. We can provide you with additional downsizing secrets, home selling tips, and anything else you need. Call us at 614.939.1234.

home buyer receiving key to new home

3 Resources You Must Use Before Selling Your New Albany Home

If you have been seriously considering selling your home in New Albany, one major question on your mind may be “where do I begin?” There are several factors to consider when you do sell your home — your home’s equity and market value, for example — but we have compiled a list of the three best real estate resources to use before you list your home.

1. New Albany Neighborhood Sold Report

a fluctuating line graph on a laptopDo you know if your neighborhood is a sought-after community for home buyers? Understanding the current market conditions in your area is one of the first steps to take before selling your home in New Albany.

The New Albany Neighborhood Sold Report™ will provide you with a list of homes that have recently sold in your area, giving you access to information about the size and value of these properties.

2. New Albany Home Evaluation

As we wrote in a previous blog post about Zestimates, many online home value tools are inaccurate; in the case of Zillow’s home value tool, the “median error rate” is 8%, which can cost you thousands of dollars if you rely on Zestimates to sell your home.

Pricing your home right is crucial if you want to maintain your hard-earned equity but don’t want your home to languish on the market. Use our New Albany Home Values Analysis™ to determine what price is best for selling your home.

3. Home Staging Essentials

a paint roll and paint brushesBefore you list your home on the market, you want your home to look its best. Declutter, deep clean, and depersonalize your living spaces so that:

  • buyers can imagine living in your home,
  • your online listing photos will stand out, and
  • you will have an easier time packing for your move.

Follow our essential home preparation tips before you list your home.

Time to Work with the New Albany Real Estate Experts

Have you found these home selling resources helpful? If you have specific questions about the New Albany real estate market, we can provide you with the answers; please do not hesitate to contact us.

As New Albany real estate experts, we keep up-to-date with current market conditions and have additional resources you need to sell your home quickly and for the most money. Ready to sell your home? List your property with us to get started.

Checklist with pen isolated on white

How to Prepare to Sell Your Home in New Albany

It takes a lot of time and preparation before you list your home on the market, and the selling process can often seem overwhelming. But we hope that by simplifying the steps you need to take, selling your home in New Albany will not be as stressful. Here are our essential tips to prepare to sell your home in New Albany.

Make a List of What Needs to be Cleaned or Repaired

Before you tackle the often overwhelming task of decluttering your home, take note of what needs to be cleaned, repaired, or replaced. This includes both the outside of your home as well as the inside.

Declutter the Inside of Your Home

Buyers want to see how space is used in a home. That means that any furniture, clothing, and household items you do not use and have stored in closets or the garage should be cleaned out. Donate or discard any items that you no longer want, and put the rest in storage out of sight.

living room in a new albany home that has been properly prepared to sell

This home’s living room has been carefully decluttered, showcasing every inch of space. Listing courtesy of Thomas & Company.

Neutralize the Inside of Your Home

In order to make your home more attractive to potential buyers, you want to help them easily picture themselves living in your home. Remove any distractions, such as personal photos and heirlooms, and give your home more neutral wall colors and décor.

new albany home for sale with neutral decor

This bathroom has been decluttered and given neutral wall colors.

Make Necessary Home Repairs

Does your roof need replacing or is a faucet leaking? It’s time to make the repairs now before you list your home. New Albany buyers tend to think repairs cost more than they do, and could choose a home from another seller. But if you list your home with all the repairs taken care of, buyers will have a great first impression of your home.

Remember, don’t start any major renovations, since it is unlikely you will receive a return when you sell. Make sure to consult with your trusted Realtor if you have any questions.

Select the Right Realtor

a home seller discussing her goals with her trusted Realtor in New AlbanyLast but not least, as you prepare to sell your home, selecting the right Realtor is crucial. It is important to find not only a reputable and successful professional, but a Realtor you feel comfortable working with.

The Realtors at Thomas & Company have been helping New Albany residents sell homes for over 30 years combined, helping sellers receive top dollar for their homes due to their in-depth market knowledge and their personal touch.

If you are considering listing your home, we can help you beyond these basic home preparation tips, advising you about creating curb appeal, staging your home, and pricing your home to appeal to buyers when you place your home on the market.

Just call us at 614.939.1234 and we can talk about selling your home in New Albany.