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Home Staging

by Nancy Heim-berg

In any kind of market, whether slow or hopping, it is vitally important to show your house at its best. Home staging won't necessarily get a seller a better price, but it just might generate a faster sale. Staging the property means creating a great first impression and helping the buyer to envision it as "home". Here is how you can make some big changes, with little or no investment, in order to make your house stand out from the rest:

Curb appeal is important!

  1. Take a look at the outside of the house from a distance. Look carefully for unsightly issues - from weeds to spider webs. Make sure all dirt and debris are swept or washed away. Put bicycles, tools and toys in the garage and out of sight.
  2. Manicure the lawn. Make sure all the edges are clipped cleanly. Trim all hedges.
  3. Use plants to brighten the environment. Flats of bedding flowers are an inexpensive way to add color to a garden. Even in winter, evergreens in urns can create a welcoming appeal at the front door.
  4. If painting the exterior is out of the question, a good power wash will make a dramatic change to the outside walls. Don't neglect doors and windows.
  5. Buy a new welcome mat, and polish doorknobs and hardware.

Move to the inside

  1. Eliminate personal items. Looking at someone else's family photos on the wall won’t help make the buyer feel welcome. Get a jump on packing by putting all your personal effects away.
  2. Clear the kitchen. Getting rid of all the clutter will make the kitchen appear larger and brighter. Countertops should be clear and sparkling.
  3. Clear the bathroom. Use a basket, and place all necessary personal items that normally reside in the open, under the sink. Make sure towels are clean and fresh.
  4. Minimize furniture to make rooms feel less crowded. Move unnecessary items to storage to create an airy feeling in each room.
  5. Patch and paint the walls. Nail holes from all the photos that used to reside there are not attractive, and a fresh coat of neutral paint will make the entire house look newer.
  6. Clean everything until the house sparkles. Make sure there are no unpleasant odors. Air fresheners for air filters will waft pleasant smells throughout the house with no visible source.

Home staging is very much like dressing well for a job interview. Dressing well won't guarantee you land the job, but dressing poorly will definitely dampen your chances.

Types of Mortgages and Loans

by Nancy Heim-berg

With the barrage of information coming at first time home buyers from all directions, it's no wonder they often feel frustrated and confused when it comes to types of home mortgages and loans. Fortunately, many of the exotic loan types that surfaced before the housing market tumbled have been eliminated, and the buyer is left with fewer difficult or confusing choices. The remaining loan possibilities will be based upon the buyers need, credit history and resources. The first choice the buyer will face is whether to go with a fixed or variable interest rate. The second choice involves whether the loan will be conventional or government-backed. Here are some of the contributing details:

Fixed Rate

With this option the payment will be the same for the life of the loan. Although prime rates rise and fall, the mortgage payments and consumer rates will always remain the same. This certainly makes it easier to budget, and if the prime rate falls dramatically, it is possible to re-finance, although that means a new loan with new closing costs and possibly appraisal costs. Fixed rate loans are available for various time frames, but the most common are 15 and 30 year periods. This may be the best choice if the buyer intends to stay in the home for several years.

Adjustable-Rate Mortgages, or ARMs

These begin at a set rate and then adjust periodically at pre-determined intervals. They are generally easier to obtain than fixed rates, and often offer lower interest rates than fixed rates in order to attract buyers. These factors make this loan type popular with buyers that intend to sell in a few years. The downside is that the rate will most often increase, possibly by as much as six percent. ARMs come in several packages.

Conventional Mortgages

These types of Home Mortgages and Loans are created in the private sector, usually from a bank, with no government backing and are known as conventional loans.

Government-backed Loans

This loan will be created in the private sector, but insured by a government agency such as the Veterans Administration or the Department of Housing and Urban Development. These loans include Veterans Administration loans, Federal Housing Administration loans, and USDA loans.

The most important thing to remember is - ask questions, and make sure they are all answered fully. A reputable real estate agent is happy to review any concerns the buyer has, and can always recommend a local, reliable lender or broker. Communities across the country are sponsoring first-time home buyer classes to help buyers understand the process.

Displaying blog entries 1-2 of 2

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Photo of Heim-Berg Team Real Estate
Heim-Berg Team
Berkshire Hathaway
331 Village Pointe Plaza
Omaha NE 68118
(402) 677-9024
(402) 679-7108 | (402) 830-6123
Fax: 402-493-4805

Stacey OHara CMG financial 515-306-2360

 

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