I often get phone calls from past clients I have sold homes to OR from my friends/family looking to sell their homes asking “where would be the best place to invest money in my home that would get me the most return on my investment?”
The answer may surprise you and it all depends on what your game plan is… If your game plan is to sell your home right away a large number of your budget should be spent on the curb appeal of the home… YES the front yard and the front elevation of the home itself… A new home buyer makes up their mind whether they are going to buy the home before they walk in the front door… SO it is VERY crucial that we get that buyer in the right frame of mind before they ever walk in the front door…
First make sure the front yard is clean and free of weeds, trash and over grown foliage… A fresh coat of paint on the home, cleaning the windows and just making sure the yard is clean and presentable goes a long way… Adding some pots with color, a refresh of the rocks (if you have some desert landscaping), making sure your grass is cut & trimmed (and green would be nice) really will go a long way in getting that buyer in the right state of mind… If they have mentally made up their mind that they like the home before they walk in, they will look past MANY issues inside the home… And the opposite is true as well… If they hate the front and they mentally check out, you can have the nicest home on the block and they will pick it apart!!
As far as the interior of the home a quick painting of the interior, new carpet and a general cleaning of the home always goes a long way… But as far as doing any major renovations to the home you will want to stick to the kitchen, master bath and floors… In that order in my opinion!! Granite counter tops are ALWAYS highly sought after along with tile/stone back splashes, shower enclosures & bath surrounds… Updating your kitchen cabinets is always a sure bet and keeping them dark is preferred!! Same goes with your new floors… Dark woods are in along with large 18-24″ tile/stone floors! You cannot go wrong! If you ever have any questions and would like some help or advice on what to do OR not do call/text me 702-218-4585
… I am here to help always!!
Buyer making offers on Investment “FLIP” Properties
So many times, after showing an amazing investment “FLIP” property to my clients, the question gets asked… “Since the owners just bought the property a month ago for $90,000 (now for sale for $180k) cant we try and steal it by making a low offer??” My knee jerk reaction (because of my contracting background) is to automatically say “ABSOLUTELY NOT, what is wrong with seller making some money on the deal… Just because they bought at an amazing price does not mean they have to convey that savings on to you!! But that is NOT always the case and there are certain instances where you can get a good deal on a flip!!
One of the things to look for when deciding what to offer on a flip is the number of days on the market… If it is a brand new listing the chances that the seller is going to take any money at all off the price is slim to none!! But if the investor maybe paid to much money for the property & listed the home to high to begin with causing it to be on the market 30-90 days (sometimes much longer) then your chances of getting a good price just went up tremendously!! One thing to keep in mind on flip properties is many of them fall out of escrow because of low appraisals… One of the best times to get a deal on ANY property is when it first comes back on the market after a failed escrow… If your offer does not get accepted on the first try make sure your agent tells the listing agent to keep your offer as a “BACK UP OFFER” I have closed several homes where my clients offer was not the 1st choice… Its NEVER over until the home closes!!
Another way to get a decent deal on a flip property is to have an agent who knows contracting and home renovations who can spot faulty workmanship!! There are a a lot of beginner investors out there turning out some sub par product… Sometimes its hard to spot but if you can pick up on it you can call them out and possibly get them to come down on price… If you still want it of course!!!
The Hanna Group is pleased to announce a new listing in the Las Vegas area.
10260 W El Campo Grande Ave
This spectacular one of a kind custom home is on 1/2 acre cul-de-sac in a highly sought after NW area of LV.
Amazing city/mountain views make this the perfect home for the person who wants to get away from it all!
Featuring a huge ope n floor plan, granite throughout, upgraded tile floors, brand new upgraded carpet in all bedrooms, window coverings & custom drapes, cathedral ceilings, boat & RV parking, covered patio, and much more!
To view more about this property, click the link below:
If you are in the market to buy a home, call me now! 702-218-4585 or email@example.com
IT’S THE BEST OF BOTH WORLDS!!
Las Vegas is in the middle of a seller’s market fueled by the lowering of the interest rates a few weeks ago, and the continuing inventory issue… No matter if you are selling light bulbs or real estate, whenever you have high demand and low inventory you will see rising prices.
Most logical buyers would say that this is the worst time to buy a home. Normally I would agree BUT right now in Vegas we have 2 factors that make this the perfect time to buy…. Let me explain!!
I have always said that it is more important to get a good rate than a good price when buying a home! SO… Although prices are going up, taking advantage of the historically low rate will work out much better for you in the end!!
Do not be blinded by rising home values when borrowing money is almost FREE!!
The word FREE brings me to my 2nd reason why it’s an amazing time to buy a home… The State of NV is offering up to 5% towards the purchase of your new home that NEVER has to be paid back…. Yes you heard me right!! FREE MONEY!! And there are NO strings attached!! Add on top of that the 3% I almost always try to get from the seller could mean up to 8% towards the purchase of your new home… On a $250,000 home that would be $20,000 FREE MONEY!!!
If you want to learn more about what is happening in the market and would like to either buy or sell a home call me 702-218-4585