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7 Tips To Plan A Spring Yard ‘Tune-Up’ Before Listing A Home For Sale

March 30, 2018 by Kay Monigold

7 Tips to Plan a Spring Backyard Tune UpThe oft-repeated maxim that there is never a second chance to make a great first impression is especially true when it comes to real estate. Street appeal may focus on a dramatic approach to the front door, but prospective buyers will be especially “wowed” by an appealing back yard.

Early spring is the perfect time to add some new plants, set out pots of blooming flowers and focus on one memorable feature. A little work now will pay big dividends later, in terms of buyer interest, increased showings, quick offers, and even a higher price.

Here are 7 ideas that are cost-effective weekend projects:

  1. Create a focal point: Find an antique garden trellis and plant some vines to create an arbor. Add a piece of sculpture or statuary either in the center of the yard or in a secluded garden spot. Install a “gate to nowhere” and add bright flowers on one side. Paint giant sunflowers on a privacy fence or on the side of a storage shed. 
  2. Build a partial wall or shade trellis: There is little that’s more appealing that an an “outdoor living room.” Accent and define your patio space in an interesting way — use a sisal rug or paint a graphic design on the concrete — and fill the room with appropriate furniture. Add a small fountain or a charcoal fire pit to create a real gathering spot.
  3. Install a simple drip irrigation system: Minimize landscape upkeep by planning DIY drip irrigation that will keep planting areas looking their best. All that’s really needed is some tubing and a few fittings; the system itself can be attached to an outside hose bibb and operated by a simple timer. It’s not necessary to extend the system to the entire lawn; that would be a more costly and time-consuming project perhaps best left to a professional.
  4. Create a dry creek bed: If parts of the yard or garden are plagued by standing water following heavy rain, give drainage an assist by making a dry creek bed. It’s not too difficult and will add function and beauty to the back yard. Add some large boulders or a “Zen bench” to boost the appeal.
  5. Plant or hang solar lights: Define a pathway, highlight planting areas or just add night-time interest to the yard with solar lighting. Buy inexpensive versions at a home store, or order artistic lights from a catalog. They’re fun, functional and portable.
  6. Plant a specialty garden: Attract butterflies and hummingbirds with a patch of wildflowers. Build a small raised garden plot to grow kitchen herbs, or plant seasonal vegetables and edible flowers. Carrots. kale and rainbow chard are especially pretty and don’t take much space. Melons, squash and pumpkins have beautiful flowers and yield great fruit, but they do spread! 
  7. Clean up, trim, weed and mow: Finally, don’t neglect the routine maintenance that is required in every yard, both front and back. Nothing else is as important to prospective buyers as an attractive, well-kept home exterior. 

 

Filed Under: Real Estate Tagged With: Home Maintenance, Real Estate, Yard Maintenance

A Mortgage Pre-Approval Can Help You In Your Home Purchase Negotiations

March 29, 2018 by Kay Monigold

A Mortgage Pre-Approval Can Help You In Your Home Purchase NegotiationsA mortgage pre-qualification is an initial estimate of what type and size of mortgage a borrower could get. It is limited, though, because it’s only based on what the borrower tells the lender, which might not be the same as what the lender finds out when it goes through a full process of analyzing the borrower and his credit.

The Initial Loan Pre-Qualification

To get pre-qualified, a borrower starts by finding a lender. Typically, he will give the lender basic information on his ability to borrow. This includes his income, how much money he has in the bank, his current payments and an estimate of his credit worthiness.

The lender takes the pre-qualification information that he gets and compares it to the loan programs of which he is aware. For instance, if he knows that a borrower doesn’t have a lot to put down, but the borrower mentions that he’s active-duty military, the mortgage lender might offer a VA loan as an option.

Based on the programs he sees and the information the mortgage professional gets from the borrower, he will tell the borrower what kind of mortgage to expect.Typically, this gives the borrower a sense of the likely interest rate and of the loan amount he can borrow. Generally, this is enough to let a borrower start looking at real estate listings with a realistic sense of what will be affordable.

The Power of A Mortgage Pre-Approval

When it comes time to start writing offers, though, a mortgage pre-qualification might not be enough. A pre-qualification is missing one important factor — underwriting the borrower’s income and credit.

When a borrower goes beyond a pre-qualification to get a mortgage pre-approval, he submits his credit for the lender to check. That way, his qualifications get confirmed and the lender can issue a more binding letter that not only lets him know what he can afford but also lets him show a seller that he is truly qualified to get a loan.

With that letter, his offer may be viewed as stronger and he can be more likely to get the ability to buy the house he wants.  Talk with your trusted mortgage professional to discuss your options before looking at homes.  It may very likely give you a bit more purchasing leverage.

Filed Under: Mortgage Tagged With: Mortgage, Negotiations, Pre-Approval

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Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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