Our Real Estate Blog
Preparing to put your home on the market almost invariably involves three things: painting, cleaning, and organizing. Since you might also need to do some repairs and updating, it's crucial that you prioritize your tasks and make sure you're not spending more money, time, and energy than necessary.
Consulting with your real estate agent about what projects are the most important will help you make the most of your available resources.
All home sellers have a different timetable in which they need to get their home ready for potential buyers. Few people, however, have the luxury of tackling those projects slowly or sporadically. When you factor in your busy schedule with everything that typically needs to be done before a house goes on the market, time management and self motivation become crucial elements in the process.
Wall painting often tops the list
In spite of your best intentions, walls and doors are going to get scuffed, scratched, and marred. Small, but noticeable holes from nails and thumbtacks also have a way of increasing with every passing year. Regardless of how careful you think you've been, it's virtually impossible to keep your walls looking fresh, clean, and well maintained. Bathrooms pose even more of a challenge because moisture and steam from showers will gradually cause paint to crack, peel, and lose its original smooth quality. Bedroom walls, especially those of children and teenagers, will also be subjected to a lot of wear and tear.
Fortunately the cost of a couple gallons of paint, along with brushes, rollers, and other basic supplies, is an affordable solution for most home sellers. It's one of the most cost-effective methods of freshening up your house, and it significantly enhances your home's eye appeal and marketability.
One of the pitfalls of repainting your walls, however, is the possibility of choosing colors that may turn off some potential buyers. Colors which you may describe as vibrant, splashy, or cool, might be viewed by others as garish, tacky, or "over the tip." That's why it's often best to play it safe by choosing colors that are considered neutral, such as grey, beige, tan, eggshell, and ivory.
By veering away from colors that might be considered too bold and strident, you're increasing the likelihood that your décor will appeal to the widest range of potential buyers. While there may be exceptions to just about every rule -- especially as it pertains to decorating -- your objective as a house seller is to increase the probability that your home will appeal to as many people as possible!
"Immaculate" is a good goal
Another thing prospective buyers will frequently notice is the level of cleanliness in your home. While it's difficult (at best) to keep your home absolutely spotless all the time, it does pay to establish a few family rules and expectations to help you maintain a semblance of order until your house is sold!
555 Salisbury St, Worcester, MA 01609
555 Salisbury St, Worcester, MA 01609
In your search for a home, there’s one option that you may be overlooking. That is the act of sharing a home with others. It can help you to divide the expenses of homeownership and even put you on a faster path to homeownership. When you do decide to share the cost of homeownership with others, there’s a few things that you should know.
There’s so many different advantages to co-buying a home with a relative, even as a married couple. You do need to make sure that the arrangement is well thought out and planned ahead of time.
When you buy a house, you receive what’s called a title. In the case of co-ownership, it explains how the buyers are sharing the title. The way the title is set up could have consequences down the road, especially when it comes to one person exiting the house, and parting ways with the agreement.
When Sharing A Property With A Non-Spouse
When you’re sharing the property with a non-spouse, you have a few options. These include:
Tenant In Common
With this option, there’s no need for a 50/50 split. Buyers are allowed to own unequal interests in the property. If one of the co-owners were to pass away, their ownership would be transferred to one of their beneficiaries. For this reason, tenant in common is the most popular way that buyers who are not related agree in guying a property together and take on the title.
Joint Tenants With Right Of Survivorship
With this option, co-buyers have no option but to own equal interests in the property at hand as a 50/50 split. If you bought a home with two other people, you’d each have one-third interest in the home, and so on. If one tenant passes away, the remaining owners gain the deceased owner’s percentage of interest in the property. There’s no need for a court proceeding or probate, this happens automatically. Even if the deceased owner has a will designating their portion of the property be given to someone else, the request is null and will generally be refused.
Both of these co-ownership options allow for an undivided interest in a property. All owners are co-owners as a part of the entire piece of property. If one owner wants to sell, for example, they would be selling their tenancy or part interest in the property.
Important Things To Do:
- Create a co-ownership agreement
- Clarify who owns what percentage
- Decide who pays the ongoing expenses
- Give options if any owners want out in the future
You could draft one of these agreements with a qualified attorney. It’s a good idea to sit with everyone before the purchase of the property is made to talk and lay out all of the expectations. Everyone should have one of these agreements in writing, however.
While sharing a property purchase can reduce your debt, it’s important to make smart agreements and understand whether the decision makes sense for you and all parties involved.