Sunrise Homes & Renovations, Inc.

Luxury Selling: How to Qualify Potential Buyers to Ensure They Can Afford Your Home

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Luxury Selling: How to Qualify Potential Buyers to Ensure They Can Afford Your HomeLuxury estates can be a challenge to sell. The more expensive a home is, the less potential buyers there are. The biggest hassle is going through the process with people who can’t actually afford the home, only to have it fall apart at the last minute.

Here are some ways to make sure the property is only being viewed by qualified buyers.

Only Accept Offers From Buyers Who Are Pre-Qualified From A Lender

One of the only ways to guarantee a buyer will be able to afford a luxury home is to let the bank do the work on your behalf. By only accepting offers from people who have been pre-qualified by a lender, it allows the seller the peace of mind of knowing that every offer is a legitimate one.

Luxury Agents Will Have Vetted Their Clients

Working with a real estate agent with a specialty in luxury properties is one way to make sure the vetting process is handled effectively and legally. These agents do not have time to waste with people who can’t afford a home in this price range and they will have a roster of clients who are not only looking for a new luxury house, but can afford one. Talk to the neighbors and see who their buying agent was. This will give an idea of which professionals are working with clients who can afford the neighborhood.

Use Broker Open Houses Over The Traditional Open House

Hosting an open house in a luxury home is a dangerous prospect. There is no way of knowing how many visitors can actually afford the home and how many just want to look around to see how the other half lives. On top of that, it’s a serious safety risk as luxury open houses bring out potential thieves to case the place and see what the security is like.

For luxury sellers a broker open house is the best course of action. These open houses are closed to the public and only available to brokers who have clients that are looking for a luxury home.

There are more luxury homes on the market than buyers and standing out is important if you want to sell quickly. Trying to sell a home like this on your own is a disaster waiting to happen. Make sure to talk to real estate agents in the area who deal with luxury properties until you find one you are comfortable with. Contact your local real estate professional today for more information.

Dealing With Stress Related To A Home Sale

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Dealing With Stress Related To A Home SalePutting a house on the market can be a major life decision. Even though there might be a bit of a change during this time, there are ways to deal with the stress. Even though home showings, negotiations, and constant phone calls from real estate agents can be a lot to handle, there are a few tips for dealing with the stress. What do homeowners need to know if they are selling a home? 

Choose The Right Real Estate Agent

First, homeowners must make sure they choose the right real estate agent. Think about the goals during the home sale. Is the goal to sell the house as quickly as possible? Is the goal to sell the house for as much money as possible? Maximizing the value of a home may take some time, so homeowners need to find a real estate agent who can work with them to meet their goals. Always make sure the real estate agent has time to commit to the listing before signing a contract.

Always Do Homework

Even after partnering with a real estate agent, there is still a lot of homework that homeowners need to do during this process. Homeowners need to take a look at comparable properties in the local area to see how much their house might be worth. Then, homeowners also need to take a look at their house and see if there are any red flags that need to be addressed. There might be some repairs to handle before the home gets put on the market. Finally, homeowners also need to consider every offer thoroughly. For example, homeowners should make sure a buyer that requires financing has a pre-approval letter. 

Be Prepared To Adjust

Finally, homeowners should be prepared to adjust during the process. There is a middle ground between being too flexible and staying firm. For example, if a buyer is asking for a lot of repairs, homeowners might want to make some of the repairs but not all of them. Working with a real estate agent can help homeowners make sure they are making a wise decision. There are some offers that should be dismissed right away, but some potential homebuyers might be worth negotiating with. 

 

Selling Your Home? Don’t Skip These 3 Essential Steps or Your Sale Will Suffer

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Selling Your Home? Don't Skip These 3 Essential Steps or Your Sale Will SufferIf you want to sell your home quickly — and for the most profit — you can’t just list it and cross your fingers. Successful sales are well-planned sales, and there are several ways in which you can make sure your own home sale turns out as you’d like it to.

1. Know Your Target Market

What kind of people are buying homes in your area? Is your neighborhood popular among new families, retirees, young singles? Do a little research to see what type of buyers are typically attracted to the area, and figure out how your home caters to their lifestyle. Marketing is one of the most important aspects when it comes to a successful home sale, and knowing who to target is the first step.

Once you have learned a bit about your potential buyers and what they’re looking for, use that information to guide the rest of your sale preparations. Consider what you’ve learned about their wants and needs and carry that into any renovations you do, your listing, and your open houses. Make your home one that your buyers really want to live, and you just might find yourself in the midst of a bidding war!

2. Call In The Pros

When you sell your home without enlisting in the help of a professional, you open the door for significant mistakes to be made. Real estate professionals have the expert knowledge and experience that is needed to steer your home sale towards the best possible outcome. They can offer advice on listing price, marketing materials, open houses, offers received, and can take care of paperwork.

Attempting to do everything yourself may sound feasible, but you could sell yourself short by accidentally pricing your home too low, or you may be on the market forever if you price it too high. Mistakes in contractual paperwork could land you in hot water, and overall you’re more likely to experience stress during your home sale if you try to do it all yourself. Find a real estate agent that you’re comfortable with, and you’ll be more likely to get what your home is worth without the extra stress.

3. Fix It Up

Making sure that key renovations are up-to-date before selling your home is another crucial factor if you want to sell it quickly and profitably. Important things to consider include your kitchen, bathrooms, and roof, as buyers tend to scrutinize those areas the most during a walk-through. Make sure that everything is in good condition and looks presentable before listing — you don’t want potential buyers to see any red flags when looking at your property.

Ready to sell your home? Contact your local, experienced real estate professional today to make the most of your sale.

The Top Ways To Add Storage To A Home

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The Top Ways To Add Storage To A HomeThere are many homeowners who are looking for help with storage. Even after moving in, many homeowners still have a lot of items they need to get rid of and this is where built-in storage solutions can be helpful. Even though some storage options might be pricey, there are inexpensive options available as well. Take a look at a few solutions below, and improve the storage situation. 

Use Space Under the Stairs

One option that many homeowners overlook is the space under the stairs. If there is a second story, there may be an area under the staircase that looks like a storage space. There should be plenty of opportunities to add a bookcase, a shelf, or even a cabinet. Even a few drawers can make a significant difference. 

Consider Going Under the Bed

Another option is to use storage space under the bed. If the bed is on a frame, there should be room to add a box or two. This could be a great way to create more storage space in the bedroom without adding another piece of furniture. There might even be opportunities to put the bed on risers, creating even more room underneath the bed. 

Use Tilting Drawers

Homeowners may want to get creative by adding tilting drawers. If there is an awkward location in the kitchen, a hinge solution might be the answer. What this means is that it is possible to pull the door out of the drawer and create additional storage inside the area. This is a great way to hide a garbage can or a recycling bin. Most contractors can add this type of storage relatively quickly. This could also be a great solution in the bathroom. 

Take Advantage of Sliding Storage

Homeowners also need to take advantage of sliding storage. This is a great way to get more room out of narrow spaces. For example, there might be room in the kitchen to add a sliding shelf that doubles as a spice rack. One possible location is the area between the refrigerator and the wall or counter. There might also be a small spot between the bathtub and the wall, which could act as a great shelf for linens.

 

Keep Your Home Free From Clutter With These Helpful Unpacking Tips

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Keep Your Home Free From Clutter With These Helpful Unpacking TipsThe thrill of purchasing a new home is unparalleled; however, once you close on the sale, the dreaded unpacking process begins. You probably did not realize just how much stuff you had until you had to pack it all up. Worse yet, you need to unpack it when you get to your new home. If you don’t unpack intelligently, your new home could end up disorganized and full of clutter. With this in mind, how can you unpack without leading to a tremendous amount of clutter in your home?

Get Rid Of Items You Do Not Need

As you go through the boxes, ask yourself if you are actually going to need the items as you unpack them. If you do not need them, consider donating them to a local charity. Just because you brought it with you does not mean that you need to keep them. Evaluate the items in your boxes, and discard them when not needed.

Unpack Room By Room

Hopefully, you labeled your boxes as you packed them up, so this is a perfect time to organize your items before you open the boxes. Furthermore, it is faster to carry the boxes to the individual rooms than to carry the individual items to their designated locations one at a time. If you unpack room by room, you can ensure every item has a place (and that every item is in its place).

Take Advantage Of Organizers

While unpacking your boxes is half the battle, the other half is using organizers to keep your belongings in the right spots. There are plenty of organizers you can use to keep your items in the right locations. Examples include bins, boxes, and trays. You can use them to organize your storage spaces, drawers, and closets. You can even use wire organizers that prevent your cords from creating trip hazards. Use every tool available to keep your rooms organized.

Prevent Clutter From Developing In Your Home

There are a lot of homes that develop a significant amount of clutter during the unpacking process, but your home does not have to look this way! When you start to unload those boxes, put these tips to work for you!

Top Considerations When Adding a Powder Room To A Home

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Top Considerations When Adding a Powder Room To A HomeA lot of potential buyers have a set number of bathrooms they need in their homes. Therefore, one of the possible ways to increase the value of a home is to add more bathrooms. It is possible to add a half bath to some homes. Even a small bathroom on the first floor can make a home significantly more attractive. At the same time, adding a powder room is not necessarily the best renovation project for all homeowners. What do homeowners need to think about before adding a powder room to the home? 

Consider The Space In The Potential Powder Room

Even though powder rooms do not take up a lot of space, homeowners still need to make sure the space is available. A powder room typically has a toilet, a sink, and a small mirror. Most powder rooms are approximately five feet by three feet. Homeowners must make sure they have enough space to add a powder room before they get started on the renovation project. 

Think About Where The Space Is Coming From

Homeowners also have to think about where this space is coming from. Is the space going to eat into a stairwell, impacting its integrity? Is the powder room going to take space from the foyer or the living room? The space has to come from somewhere, and homeowners need to ensure they are comfortable living without it. 

Map Out The Location Of The Pipes 

Of course, powder rooms also need to have a sturdy plumbing supply to power the toilet and the sink. Therefore, homeowners need to make sure there are pipes nearby. The closer the pipes are to the potential powder room location, the less expensive the renovation is going to be. If pipes have to be added to the area, the project will instantly become more expensive, eating into the potential profits on the sale of the home. 

Think Carefully Before Adding A Powder Room

Even though a powder room might be a good decision for some homeowners, it is not necessarily a smart decision for everyone. Everyone has to think carefully about the benefits and drawbacks before getting started.