So you want to sell your home, and you want to sell it fast. But the problem is you aren’t sure if it’s even possible to find a buyer for your property in as little as a week--or even less.
Actually, it is possible—you just need to know the secrets to making it happen.
Your decision to sell probably comes from a new job, the need to make a future move or just the desire to have a change of scenery. Or perhaps, you still love your home but you just feel like it doesn’t suit you anymore, so you’re moving out. Whatever your reason is for selling your home, there is certainly a way to sell your property in a week even in a slower market.
Keep reading to know the tips for selling your home in a week or less.
Yes, you can sell your home in a week and for the most money.
Selling your home for the highest price in a week or less is a tough thing to do.
If you don’t get the right agent to assist you, your property might end up lingering on the market for weeks, let alone months.
In this article, I will share with you some secrets that can help you sell your Shawnee KS home in a week and for top dollar. Follow these tips and you’ll be surprised how your hard work gets you exactly what you want at the end of the day.
TIP # 1: PACK YOUR STUFF
If you want to sell your home quickly, the first thing you need to do is to pack up as many of your things as you can. Half of all your stuff sounds like a lot, but you’ll pack up soon anyway so why not do it now?
You’re probably thinking—how can packing help sell my home in a week? Well, emptying out your home will make it look more spacious. As a home seller, you need to be ready anytime a prospective buyer visits your home, so make sure you have already depersonalized it before your first visitor comes.
Since packing up can be overwhelming, you can use the following tips to make this task as organized as possible:
Work on the Walls
As you pack up, start working on the walls by taking down the pictures. You don’t necessarily have to take down everything—leave a few here and there for staging purposes. If you have 20 picture frames in your living room, you can leave three of them hanging to decorate the walls and pack up the rest.
Remove Clunky Furniture
After packing up, simplify your furniture by getting rid of all the extras. For example, you can take out all the extra chairs in the corners, extra dressers and other fillers in your home and just leave out all the basic furniture in each room.
Emptying out some of your extra furniture will help make the rooms of your home look more spacious and less lived in. This will also help your prospective buyers walk around your home more easily when they pay a visit.
Declutter Closets and Cabinets
You might ask, isn’t it too early to declutter? Well, decluttering is indeed a lot of work, but it’s something you’ll eventually do anyway. If you pack ahead of time, you’ll give yourself a jumpstart on the work you would have to do after selling your home.
When prospective buyers inspect a home, they usually open all the cabinets and closets that they see. As the owner of the home, you wouldn’t want your prospective buyer to see all your cabinets stuffed with clutter, so get rid of that junk and make your closets and cabinets look less chaotic.
Here are 3 basic tips for decluttering your closet:
•Make time for it. Treat decluttering as a project and choose a reasonable time to do it. Complete your project on a day where you have more than enough time to do the work.
•Categorize your clothes. Identify which of the clothes in your closet you will keep, donate or throw away. Use a hanger system for all the clothes you wear on a regular basis and determine which among the folded ones you are ready to dispose of in the next couple of months.
•Store clothes you are not using this season. Divide your “keep” clothes into seasons and whichever you’re not wearing at the moment, store in a bin or garment bag. This way, you will be able to free up more room in your closet and prospective home buyers will think that your closet is spacious.
TIP # 2: DO THE NECESSARY FIXES
Making manageable updates on your home will help you sell it more quickly. You don’t necessarily have to spend a lot on these upgrades—you can do these upgrades on little things in your home that you have been meaning to fix for quite some time now but you haven’t been able to. Since you are selling your home now and want to sell it quickly, it’s about time to make these aesthetic updates. See what difference they can make.
Here are some ways to make easy, manageable updates on your home:
Replace Outdated Items with New Ones
If you want your home to attract more prospective buyers, make it look more modern by replacing some of the things in it that already look dilapidated. These things can include old light fixtures or an old kitchen table. Take a look around you and decide what simple changes you can do to boost your home’s overall appeal.
Give It a Fresh Coat of Paint
The last thing home buyers would ever want to do is to buy a home that needs a lot of work. If you want a prospective buyer to get carried away as soon as he makes his first step into your home, make your walls look as perfect as possible by repainting them. Giving your home a fresh coat of paint will not only make it look fresh. Remember, homebuyers love a home that’s neat and new.
In 2017, Zillow analyzed 32,000 listing photos of homes that have been sold in the U.S. and they found that certain colors actually worked better than the rest. Here are Zillow’s findings on which colors to use and avoid:
Blue (light blue to soft gray blue)- Home sold for $1,809 more on average
Yellow (straw yellow to marigold)- Home sold for $820 less on average
Blue/Purple (light powder blue to periwinkle)- Home sold for $5,440 more on average
White/No Color (off white or egg shell white)- Home sold for $4,035 less on average
Blue (light cerulean to cadet blue)- Home sold for $1,856 more on average
Pink (light pink to antique rose)- home sold for $288 less on average
Blue (sate blue to pale gray blue)- Home sold for $1,926 more on average
Red (brick red, terracotta or copper red)- home sold for $2,031 less on average
Brown (light beige, pale taupe, oatmeal)- Home sold for $1,809 more on average
Blue (pastel gray, pale silver to light blue, periwinkle)- Home sold for $820 less on average
Gray/Brown (greige—mix of grey and beige)- home sold for $1,526 more on average
Brown (medium brown, taupe or stucco)- home sold for $1,970 less on average
Do Some Easy Maintenance
As you pack up, you leave more space inside your home exposed. As you take photos off the wall, the wall becomes bare and you might notice lots of nail holes on it. Since such holes are not visually pleasing, you have to do something to make your walls look nicer. You can do this by filling all those nail holes and repainting them.
Upgrade your Pantry
One of the small upgrades that you can make without going crazy is the pantry. You can turn this quick and easy upgrade into a weekend project, where you replace its old, dingy curtains with French doors to make it look new.
TIP # 3: STAGE YOUR HOME
When it comes to selling a home, the prospective homebuyer’s first impression is a crucial factor. While some home sellers think that staging a home is not as important as the other steps in preparing a home for sale, staging a home is actually one of the secrets to selling a home quickly. It plays a critical role in your marketing efforts so you shouldn’t take it too lightly. Home staging does not only make prospective homebuyers feel that your space is livable—it also makes them want to buy your property as soon as possible.
Here are some home staging facts you probably didn’t know:
• Most buyers offer more money—around 1% to 5% more-- for a home that is staged over a similar home that is not staged.
• 81% of buyers find it easier to visualize a staged property as their future home.
• A research conducted by Coldwell Banker Real Estate Corp. found that compared with non-staged homes, staged homes spend half the time on the market before they get sold. According to the National Association of Realtors (NAR), the longer a home stays on the market, the more its price drops.
• A survey conducted by Coldwell Banker Real Estate Corp. found that staged homes sell for more than 6% above the asking price.
Home staging helps you highlight your home’s strengths and downplay its weaknesses. Here are some tips for staging your home without burning a hole in your pocket:
Light It Up
For most homebuyers, lighting is everything. That is why when staging your home, the first thing you need to do is to make it shine. You can do this by taking your thick, dark curtains off your windows to let as much natural light in as possible.
Usually, the darkest parts of a home are the laundry room and kitchen. If those two rooms in your room have dim lighting, replace them with brighter bulbs. That may sound like a less important thing to do, but it actually makes a huge difference. Home staging expert Herline Goutama of “Let’s Stage It!” advises that every home should have at least three sources of light to look visually appealing.
“The key is to create subtle variances of light levels, which accentuate surfaces and make the room feel more spacious.” –Herline Goutama
Rearrange Your Furniture
Once you have already improved your home’s lighting, the next thing to do is to arrange and rearrange your furniture. Make sure that your home has enough space to allow people to walk freely so when prospective buyers visit your property, they won’t feel stuck or trip on poorly positioned furniture. You can also add some greens and flowers to your windowsill and get creative with your walls. Plants are crowd pleasers and they help boost the overall appeal of your home. Lastly, look around you and make sure to take out all the personal photos and other stuff that might make your prospective buyer feel that the home is not for them.
Use White Linens
Did you know that you can actually achieve that spa-like atmosphere inside your home without breaking the bank? If you have white linens in your closet, you can take your master bathroom and bedroom to the next level by using those. Transform your master bathroom into a luxury spa by putting thick white towels and shower curtains on display. You can also roll some bath towels and hand towels and place them on the tub and near the sink to add a pleasant hotel look.
Set Up Your Yards for Staging
When it comes to staging your home, treat the exterior as important as the indoor. The outside of your home is important to stage too, because it is what prospective buyers see first before they even enter your home. What they see from the outside might create a strong lasting impression on them so you have to make an effort to improve its overall appeal as well.
Here are some tips for staging the exterior of your home:
1. Clean up your flower gardens.
2. Make your home look inviting by setting up chairs up on your deck.
3. Clean up your porch.
4. Clean up the flowerbeds and put some solar garden lights in your front yard to allow for nighttime showings.
5. Put down a colorful carpet and display some vibrant colored pillows in your sunroom to accentuate the colors that you have.
Remove all Traces of Your Dog
It doesn’t matter if your dog is clean and doesn’t shed—when staging your home, hide all evidence of your pet. If you want to make a good first impression on prospective buyers, hide the toy bones, dog bed and everything that they can associate with animals.
TIP # 4: CLEAN, CLEAN, CLEAN
All the efforts you make to decorate your home will become useless if you don’t make everything inside and outside your home sparkle. If you want to sell your home quickly, make sure that everything is clean—from the windows, furniture, the bathrooms, down to your yard. What creates the most impression on prospective buyers is the neatness and cleanliness of your home, so making sure everything inside and outside your home is sparkling clean is the way to go.
Consider these quick cleanup tips to get your home ready for spur-of-the-moment visits of potential buyers:
1. Wipe Away. Since the toilet and kitchen are usually two of the sloppiest areas of a home, you can start your cleanup there. If you want to quick-clean these areas, use disposable wipes to wipe away the visible dirt.
2. Use a Scented Cleaner for Your Toilet Bowls. One of the biggest hacks to making something look clean is making it smell great. If you don’t have much time to clean your bathroom, you can just put a small amount of your favorite scented cleaner in your toilet bowl and voila! Your bathroom is ready for unexpected visitors.
3. Use a Tile Spray Cleaner for the Walls. Each time you shower, make it a habit to use a tub and tile spray cleaner and turn on the hot water for a few minutes. This way, you are able to loosen the dirt and grime lurking in the corners of your bathroom without putting much effort and your walls stay clean even without extra cleaning.
4. Make Sure Your Cleaning Materials are Always Ready. Making sure that you are ready for visitors means always getting your cleaning materials ready. Always keep a bucket of your cleaning materials on each floor of your home so when prospective buyers arrive, you no longer have to go up and down the stairs to search for them.
5. Clean as You Go. One of the best ways to get yourself ready for prospective buyers’ surprise visits is to always clean as you go. When you make it a habit to wipe up spills as they happen, you make quick cleanups less of a chore for you.
TIP # 5: FIND A REALTOR YOU CAN TRUST
You can never underestimate the value of a great realtor when it comes to selling a home. If there is someone who understands the real estate business better than you, that’s your real estate agent. With her help, you will be able to price your home right and sell your home quickly. She may also let you visit open houses in your neighborhood to see your competition and find ways to make your home stand out.
7 Benefits of Using a Real Estate Agent:
1. She will list your house at the right price.
Because real estate agents understand the market better than you do, you can be sure that she will be able to list your house at the right price. Compared with listing the property yourself, this benefits you more. While there are other means to get a home estimate online, those methods are rarely accurate.
2. She will ensure that your presentations go smoothly.
Home presentations are key to selling a home fast nowadays. With a real estate agent to assist you, you will be able to make sure that your presentations go smoothly when prospective buyers check out your home. Agents have tons of experience in staging homes so you will never go wrong with one around to assist you.
3. She will give you more buyer exposure.
When buyers look for properties to purchase, they often get in touch with real estate agents to help them find homes that are currently listed on the market. Since buyers usually look at homes that are listed by an agent, having an agent to assist you will work to your advantage as this will help your home get more showings and offers. Agents have contacts with buyers, so when you list with an agent, you also give yourself access to buyers who are shopping for homes with their own agents.
4. She will dramatically impact the offers you receive from buyers.
Working with an agent when selling your home increases your chances of getting higher offers for your home. An agent does not only make sure that your home is seen by as many buyers as possible, she also ensures that all the aspects of the home buying process are handled in a professional manner. As a result, higher offers for your home come in.
5. She negotiates inspection results.
Inspections are crucial in the sale of a home. If you have a real estate agent to assist you, you can trust that you have someone to handle this aspect of the sale and give you expert advice.
6. She helps speed up the entire home selling process.
While it usually takes time to sell a home, having a real estate agent helps speed up the process significantly. Since home selling involves tons of paperwork, it helps a lot to hire an agent to take care of all the paperwork in every step of the process.
7. She sells your home for more money.
When you list with an agent, you can be sure that you will be able to sell your home for more than when you do it by yourself.
THE BOTTOM LINE
When selling your home, believe that your efforts will pay off. By following these tips, you will be able to set your home apart from the other homes on the market and sell it in a week or less. Doing these things will not only speed up the entire selling process but will also get you the best price in the least possible time.
If you need an agent to help you sell your home, call me, Lea Deo, at 913-233-9547. As your top real estate agent in Shawnee KS, I will take care of all the home selling details and issues on your behalf and before you know it, I have already sold your home!
Selling a home fast can be a tough thing to do if you have never done it before. This process requires effort and can be very frustrating, especially since it is often impossible to find a real estate agent who can help you sell your home free of charge.
In Kansas City, some seek to sell their homes fast when the property is at risk of foreclosure. Some also sell their homes so they can move to a different place and get the money they spent on their old home back.
Regardless of your situation, there are ways to sell your home fast in Shawnee KS. While it may sound difficult at first, all you need to do is some wise strategizing to get it right.
Here are some tips to help you sell your home fast in Shawnee KS:
The first and most important thing to do when selling a home is familiarizing yourself with the Shawnee KS real estate market. If you study the market and the various pricing techniques before the selling process, you are likely to price your home right.
Considering the market will help you determine the average price that homes for sale in Shawnee KS are being listed for. If there are lots of foreclosures in your area, you might need to lower the price of your home to keep up.
It is also imperative that you emphasize the strengths of your home during the selling process so you will be able to attract more potential buyers.
Gone are the days when home sellers would solely depend on fliers to advertise their homes. Today, you reach a wider market when you use social media to advertise. That means if you want more people to see what you are selling in a shorter span of time, you walk them through your home through photos and videos and post them online. Turning to social media to advertise is not only effective but is also cost-efficient.
Once you have already advertised your home, the last thing to do is to put it somewhere where real estate agents will be able to find it easily. Nowadays, there are brokers who post homes in real estate property listings for a low fee or no fee at all.
Selling a home in Shawnee KS may not be an easy task, but it does not have to be very complicated. If you need an expert to help you sell your home fast, feel free to contact me at 913-233-9547 and let’s see how I can be of help! I am one of Shawnee’s most trusted real estate agents!
In case you cannot view this video here, please click the link below to view Guide to Selling Your Home Quickly in Shawnee KS on my YouTube channel: https://youtu.be/1xx5qVuFQQ8
Whether you are searching for a home to buy in Cherokee Hills Subdivision or intending to expand your investment portfolio in the KS market, this home for sale is the ticket.
With 3 bedrooms, 2.5 bathrooms, and 1,056 square, it delivers the space, serenity and comfort you are looking for.
To top it all off, this Overland Park home is well-located. It sits just a few minutes south of downtown Overland Park, where boutiques, restaurants, and shopping centers are all within easy reach.
Enjoy all these home’s features for ONLY $189,900.
Call me, Lea Deo, at 913-233-9547 to set a showing.
|Lea Deo, Licensed in Kansas and Missouri|
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Tucked away in one of the serene, tree-lined streets of Cherokee Hills Subdivision is this lovely 3 bedroom, 2.5 bathroom, ranch style home that offers a peaceful sanctuary from your busy city life.
Inviting and move-in ready, this Overland Park home delivers 1,056 square feet of living space, a large front yard, a brick patio, and a delightful sun room.
Updated to secure your comforts, it has newer roofs, newer windows and a new garage door. The kitchen and baths were also updated.
If you’re a first time buyer looking for a home where you can enjoy privacy, retreat, and convenience, this property could be what you are looking for.
Topping this home’s list of great features is its exemplary location. It sits just a few minutes south of downtown Overland Park, where boutiques, restaurants, and shopping centers are all within easy reach.
Overland Park is the second largest city in Kansas, and it is rich in charm and history.
Did you know that it is a four-time recipient of the Best Places to Live award?
Thanks to its great schools, low crime rate, multiple shopping choices, a wide choice of restaurants, and over 85 parks, this city is a great place for everyone, especially those who prefer peace and quiet.
From this home, the nearest schools are Brookridge Elementary School, Indian Woods Middle School, and Shawnee Mission South High School.
Set along the curve of the walkway from the garage to front door is an ample spaced brick patio where you can set up outdoor chairs for relaxation and entertainment.
It is also a great spot for your pick-me-up early morning coffee.
Inside the home is a large open layout where the living space and dining space connects.
Step into a bright living room with wide windows that let in plenty of light.
A cozy warm-toned carpet on top of hardwood floors and neutral toned walls welcome you in, a beautiful merge of classic and modern design.
Large windows allow light to stream in and cast light and cheer in this space.
Past the living room is a good-sized dining space that can comfortably accommodate a four-seater table with chairs.
Open to both the living room and the kitchen, this dining area is perfectly situated. It provides easy access whether you’re in the living room or kitchen.
Adjacent to the dining area is a good-sized modern kitchen that has plenty of storage space. If you’re a keen chef and you like trying new appliances, you have plenty of space to store them in this kitchen.
Immaculate countertops, a writing table, and modern appliances, it’s got everything you need to whip up your favorite meals.
This home for sale in Overland Park boasts of three well-appointed bedrooms.
The master bedroom is large and painted with an elegant blue tone, soothing and relaxing to the eyes.
Carpet floors enhance the cozy ambiance and closet spaces provide organized storage for your personal belongings.
An en-suite bathroom gives you the privacy you seek.
Entertaining is a breeze in the stylish sunroom with window walls that offer a great view of the backyard.
With tastefully chosen chairs and tables, this spot may easily turn out to be your favorite room in the house.
Outside, there’s plenty of room for the kids to play safely. The backyard is fully fenced for your peace of mind.
This captivating Overland Park property is certainly worthy of your visit.
This property won’t last long! Make it yours for $189,900. Visit http://ShawneeRealEstateConnection.com/ for more details or if you want to see similar homes in the Overland Park and Shawnee areas.
Call me, Lea Deo, at 913-233-9547 to arrange a visit today.
Every home for sale has its own distinct feature. It could be that priceless Van Gogh painting pristinely hanging in the foyer or a delicate heirloom chandelier passed on from generation to generation or a sturdy kitchen countertop that can withstand the most vicious culinary assault!
Real estate buyers have their preferences, too. Sometimes, the success of a property sale could literally hinge on the type of wood your front door’s made of. Regardless, the buyers’ wishes reign supreme.
Success in selling your Shawnee KS home could follow this path. Not everything is about the technical details. Remember, before buyers sign on that dotted line, this much is true: there was at least one compelling feature in your home that completely won them over. Translated to your own home, what could that be?
Top real estate agents in Shawnee KS know that best-selling homes typically have one or more of the following features:
- Kitchens with granite countertops. Granite is timeless and durable. It can withstand the most aggressive countertop assaults that cheaper materials can't.
- Swimming pool for the family. Many Shawnee KS homes are equipped with swimming pools. This feature appeals most to single millennials, families with young children, and the health-oriented.
- Walk-in closets for the fashion-forward. Many Shawnee KS homes also come with huge walk-in closets. Perfect for fashionistas or trendsetters with luggage upon luggage of wardrobe, shoes and accessories!
You may have considered remodelling; but if money is the reason you’re selling, spending cash might be out of the question. On the other hand, adding nice touches to your home will return tenfold, in terms of increasing your real estate value. A top real estate agent in Shawnee KS would advise you to start with the kitchen.
Replacing your kitchen countertop may not be a bad idea. If buyers want granite, give them granite. This one feature alone could spell the difference between getting your home sold today and having it sit a few more months on the market.
At the end of the day, any improvement that would make your buyers happy is an investment worth making.
If remodelling is entirely out of the question, getting buyers’ emotional buy-in could also work to your advantage. Every person, every family who seeks to buy a home also seeks an opportunity to make new and happy memories in it.
Start digging up all your best and fondest memories and let your top real estate agent in Shawnee KS present them in all their splendor at just the right moment! The key is in finding that common emotional thread with your potential buyers. Perhaps if you and your buyer have kids of the same age, your realtor can build a picture of how you and your child enjoyed all those times together in your home. Along the way, he or she can point out specific areas of the house where those fondest memories were made.
Now that you've taken stock, let's get on with a complete real estate evaluation of your Shawnee KS home. My team and I are the best REALTORSⓇ in Shawnee KS, and we'll be happy to help you sell your home. Call me, Lea Deo, at 913-233-9547. Let’s talk soon!
In case you can not view this video here, please click the link below to view What Buyers Want To See in Your Shawnee KS Home on my YouTube channel: https://youtu.be/wgcXaGIQ7Og
Now is the era of the smart home. Almost 80 percent of home buyers prefer to buy the convenience and security a smart automated home has to offer.
This idea has become a more accessible reality now that smart devices are getting simpler to set up and are less expensive.
Another great benefit when you choose to make smart upgrades on your Shawnee KS home is that you also make it a potentially valuable investment should you put it on the market in the future.
But how do you make your home for sale in Shawnee Kansas a smart home?
Consider the following ideas to know how you can start:
A home hub pulls all your smart home devices together. Thoroughly research what home hub supports the gadgets in your house. This will be your guide as a start.
Every tech giant has a platform on which all electronic devices can connect to. These smart home hubs can function based on your routine.
Smart home automation is energy efficient. You can save money on your monthly utility bills.
A smart fridge will let you see what’s inside without letting the cold air out.
With a voice command, you can set your smart light bulbs to dim for movie night or at bedtime. Heating and cooling with smart thermostats can bring big cash savings.
If you are not sure how much you can invest, begin with individual smart features rather than a full home automation system. Even simple smart home features can wow interested home buyers who are looking for houses for sale Shawnee KS.
Newer domestic appliances have smart technology built in them. A smart watering system will allow you to water your garden while you’re miles away.
You can control your kitchen appliances, temperature, multimedia systems, and even curtains with your smartphone.
Millenials, who make up a large percentage of home buyers, prefer tech products that adapt to busy lifestyles.
With your smartphone, security cameras and smart door locks in the entryway will let you see and decide who can enter your home.
Burglar alarms and fire alarm system can give you peace of mind. Just remember to secure your network. Install security software that works with your smart devices. You would not want to trade your privacy and security for convenience.
Pick a place where you and the rest of the family spend most of your time.
There you could probably set up a smart speaker to listen to music or hear the daily news.
In every room that you want to put tech smart devices, determine how every device will solve a problem. Don’t just buy a product because it’s cool.
You can also decide to keep tech out of the bathrooms and the bedrooms.
The best way to make smart upgrades on Shawnee KS homes is to know how they benefit the owner and the potential buyer.
Kitchen remodels, bathroom makeovers, landscaping, and other home improvements have traditionally increased a home’s appeal. But smart home technology is expected to rise in popularity as it continues to transform our lives.
In case you can not view this video here, please click the link below to view How to Make Your Home for Sale in Shawnee Kansas a Smart Home on my YouTube channel: https://youtu.be/KwoRuIDELIE
If you’re planning to put your Shawnee KS home on the market, one of the most important things to remember is to not let your emotions overtake you while you are in the process of this long road of selling. It is essential to distance your emotions from your home as you start looking at it as real estate.
My name is Lea Deo. This post is your comprehensive guide on how to sell your Shawnee KS home fast. It will contain all the steps that you need to know to sell your home like a pro.
Every situation is different, but for you to get a bigger chance of getting the best price for your property, you should know how to prepare your home and when to best list it on the market.
Shawnee is a quiet town in the city of Kansas where everything is easy going and everything is simple. It’s a pleasant community with home rates as high as $1,300,000 to less than $100,000. It’s made up of adorable contemporary and traditional homes that have been built as early as 1910.
The neighborhoods put it close enough to Kansas City but still just far enough away that it’s unique and quiet and has the necessary establishments that everyone needs to live comfortably.
Some of the signs that tell you it’s high time to sell your hard-earned investment and make more exciting decisions are:
And if these aren’t enough:
When you want to sell your Shawnee KS home for its best price, work with me, Lea Deo. More than my years as an agent, I also have the skills and network in place to help sell your home. Your part is to maintain it, keep it spotless for showings and ensure that it is buyer-ready.
If you are planning to sell your Shawnee home this year, chances are you’re probably contemplating on whether to sell on your own (also called as FSBO or for sale by owner) or to sell with a Realtor®.
This is just the first of many decisions you'll be making related to home selling. There will be many more, so brace yourself for the ride.
I understand why you would want to go the FSBO route. The agent's commission at 6% is quite substantive, and you can pocket that or use it for house repairs instead of paying the agent. You also probably feel confident that you have all the resources you need to sell your home.
On the other hand, you can also choose to sell with a professional real estate agent. Yes, there a commission, but it would be more convenient and less stressful.
The convenience and the less-stressful experience are just among the many perks of working with an agent. They don't even rank among the top three reasons why you should hire one.
Here are the best reasons why you need a Realtor®.
If this is not your first rodeo, you know that home selling is challenging, stressful, and time-consuming.
It takes more than just cleaning and repair skills. You need to know about the local market trend, how to list your home so the right market can see it, and how to price your home correctly. You should also know about home appraisals, inspections, pre approval and many other legal forms associated with selling.
When you hire a Realtor®, you get all the help you need! This is the reason 90% of sellers use a listing agent.
Home pricing alone takes expert assistance. When you want to successfully sell your home, your home's price should be the right market value. Make the mistake of pricing it too high and your home will sit in the market for months and become stale.
Mention all real estate and social media platforms you know, your home will be marketed there and more.
The agent will ensure your home is visible through print and online to widen your home's exposure, so it will have a far wider market reach.
Your home will be listed on the MLS (Multiple Listing Services), a database of homes currently for sale on the market. If your home is not listed, your home will be disregarded by buyers simply because it is not listed there.
Home selling involves a lot of paperwork. There’s the Preliminary Title Report, Seller’s Net Sheet, Mandatory Disclosures, Inspection Reports, and others. It can be a real challenge to prepare all these documents, on top of your daily tasks at home and at work.
A Realtor® will help you prepare all the paperwork, including all legalities and documentations required in negotiation.
You are entitled to professional assistance in reviewing the documents and ensuring everything is in order.
When you’ve received an offer, your Realtor® will negotiate counter-offers, so that the terms of the offer are agreeable to both you and the buyer.
This can be hard to do on your own because you have a deep emotional attachment to the house and may be sensitive to perceived criticism, while the agent is a third party and can relay information in an objective manner.
As you can see, the choice of requiring the service of a real estate agent depends on your knowledge, skills, and personal judgement.
If you are like most Americans, your house is the biggest financial investment you’ve ever made. You are emotionally and financially invested in the house, so when it comes to selling, you’d want to help in any way you can.
You’re probably thinking about getting involved in terms of marketing your home through social media. Though that’s not a bad idea, it’s not really ideal for hard selling because social media’s algorithm is designed for best user experience – and that’s a whole other blog post in itself.
So no, social media marketing on your end is not really the kind of help Realtors® need.
Most agents have a team of professionals to back them up. From photographers, interior designers, movers, construction workers, and marketing specialists who’ll market the heck out of your property, you name it, good agents have it. Your agent will do everything for you.
So how can you help your Realtor® sell your home? Let her do her job and don’t do anything detrimental to the potential sale of the house.
The following are some of the things you as a seller must do if you want the selling process to go smoothly:
The whole point of getting a professional to help you is so you can have the best advice and guidance.
You may not agree when your agent recommends you sell for a lower price because you want to maximize your profit, but your agent knows best when it comes to the initial listing price.
Refusal to listen to your agent’s advice may lead to incorrect pricing, which would lead to fewer buyer inquiries and showing, very few (if any) offerings, and higher days on the market leading to the property getting stale.
You never know when your agent will call and request for a showing, so keeping your house immaculately clean all the time is a must. The moment you decide to list your home on the market is the moment you start viewing the house as a property that needs to always be maintained.
One of the worst things you can do as a seller is to be around during showings, telling stories of each room and dazzling the potential buyers with your family history. This not only distracts, it also prevents the buyers from asking the agent their questions, one of the major reasons for house showings.
Not all buyers love animals. In fact, many people are allergic to cats and dogs, so no, you don’t want them in the house during showings. Pets can also have a lingering odor that you don’t want any potential buyers to smell, so another help you can give your agent is to take your pets (and its toys, food container, etc) to a pet shop or take them for a long drive.
Your agent will give you some suggestions on improvements that your home for sale needs. This could be fixing the AC, replacing the front door, taking care of the broken kitchen tiles, etc.
One of the challenges many homeowners face when they want to sell their houses is how to get the highest offers. With so many other homes competing against each other in the market, how do you make your home stand out so buyers will be compelled to offer a good price?
Here are four tried and tested tips that will ensure your home rises above the competition, receives great offers and sells fast. Brace yourself because this involves hard work and serious commitment.
When you've been living in your house for many years, you've surely accumulated a lot of stuff. After all, a home wouldn't really be a home if it didn’t have family pictures, a display of collections, various furniture and many other knick knacks you think will come in handy someday. If your home is filled with these belongings, it could look small, dim and messy.
Buyers prefer bright and airy homes. Do yourself a favor and start clearing out your clutter so there's more space in the house. Dispose of any broken items, donate old and unused clothing, toys, bags, books and shoes, and remove anything that's not important.
Just the mere act of decluttering can do wonders for your home.
Start packing away items you don't need every day. This includes pictures, children's art, any decor you have on the walls, books you'll be keeping, anything that you won't be parting with but are not necessary in your day to day life should be boxed and stored.
Renting a storage unit is very helpful, and there are plenty of affordable units in Shawnee.
Most buyers prefer move-in ready homes where they don't have to do any repairs. On your end, fixing everything that needs repair means buyers don't get to use repairs as an excuse to haggle during negotiations.
What are some repairs you must make?
Clean everything, from the top of the house to the bottom.
Make sure that you wipe down the top of the cabinets, clean under the sink, and vacuum every nook and cranny of your home.
Clean the windows! Light filters in better when the windows are sparkling.
Watch this video from HGTV showing how to clean windows.
Cleaning takes time. It’s not something you can do in one day. However, if you are hard pressed for time and busy with work, hire professional cleaners.
They can make this job so easy for you.
Your home’s curb appeal is the first thing a buyer sees when he steps out of the car. Maximize its use to create a positive first impression!
Amp up your curb appeal by cleaning it, making sure that the front lawn is mowed, the bushes trimmed and the plants cleared of any dead leaves.
Adding some colorful flowering plants and several planters will greatly improve the look of your front yard.
Don’t leave your exterior drab and dry. Get creative. Adding some outdoor features along with a well-maintained yard shows pride of ownership, and buyers will be more willing to offer a better price.
If you’re wondering if now is the right time to sell your house, or if there is a best season to sell your house, you’ve probably heard rumors regarding “the right time” to sell a property.
Conventionally, spring is the best time or season to put your home on the market. It is true that the real estate market sees a lot more activity during spring season, and it’s because more people are up and about since winter has ended and summer is close by.
The improved weather condition and in-bloom flowers showcase a property’s beauty. Add the people’s good mood and anticipation for the coming warm days and you have an excellent condition conducive to home selling.
If spring to summer is considered the best time of the year to sell a home fast, the winter months, specifically December to January are the worst months to list a property because according to common belief, people are in a holiday mood and not looking to buying any property.
Imagine this. You’ve waited for spring before listing your home because you think it is the right season to sell your house, but so did the other home sellers in the area! Do you think you’ll sell your home fast and for top dollar with such a stiff competition? More likely, you’ll be forced to lower your home price if you are in rush to sell.
The type of market you have will determine if it is right time to list your property.
The market becomes a “buyer’s market when there is a high supply of homes with a low demand for them. In other words, this takes place when the number of homes for sale exceeds the number of buyers looking to purchase.
On the other hand, when the number of buyers looking for houses for sale Shawnee KS exceed the number of homes for sale, then we have a seller’s market.
And if you decide to put your home up on the market, you can drive the price, receive multiple offers, and expect your home to be sold in a few days!
So, going back to the question “Is this the right time of the year to sell my house?”, the answer is a resounding “Yes!”.
Shawnee, along with many other cities in the country, is experiencing a seller’s market. The Kansas City Regional Real Estate Market Reports that in Johnson County where the median sales price is $250,000 in 2017, it is now up to $265,500, and the first quarter isn’t over yet!
As a home seller, it’s a great time to sell your Shawnee, KS home!
We all make mistakes. It’s a fact of life. We learn from our mistakes, move on and do things better.
But some mistakes can be costly, and this is especially true in real estate. If you plan to sell your home and you did not do your homework right, you will commit mistakes that will cost you thousands of dollars. That’s something we want to avoid as much as we can.
That’s why today, I am sharing with you the most common mistakes I’ve observed home sellers do. I’m doing this in the hope that you will learn how to avoid any home selling pitfall, and if you’ve already committed some of them, that you can come to me and together we can resolve your issue.
Don’t forget that modern home buyers are Internet savvy and have easy access to the home information when they check online. They’ll know if you’ve been pricing the property too high.
Homes set at prices higher than its market value usually go stale. Buyers ignore them since they don’t have the same features and amenities like other homes in that price range.
Price your home right. Don’t rely on your emotions or the previous upgrades you’ve done to your home. Request a valuation from a real estate agent like me.
Buyers are picky. After all, they’ll be spending a lot of money so they want the best value for their money’s worth.
Cleaning and decluttering can do wonders for the home.
To sell a house fast, you need to showcase the house’s best features, and that’s accomplished through staging.
Don’t stop there. Make sure your home has no strange odors.
Make sure that minor issues are fixed so buyers will not find reasons to complain or negotiate about price.
Not all real estate agents are equal. Some are good, some are better, and some are excellent.
Since your home is your biggest investment, shouldn’t you be working with the best, most qualified, most skilled agent? A great agent makes the home selling process easy by providing you with the right resources and information.
Don’t waste your money and effort. As soon as you decide to sell your property, contact the best real estate agent in Shawnee . That would be me, Lea Deo.
When you post bad photos, expect buyers to ignore your listing. Would you spend your hard earned money on something that looks sloppily done? Of course not.
Hire a professional photographer to take pictures of your home. Better yet, ask a recommendation from your Realtor®.
In a study conducted by RESA, results show that unstaged homes stay on the market for six months, while staged homes spend only four months on the market. That’s a 60-day difference!
Also, staged homes sell for a higher price compared to unstaged homes.
Your home will greatly benefit if you stage it first before selling, so never list your home unstaged.
John Maxwell said “A wise person learns from his mistakes. A wiser one learns from other’s mistakes.”
Be wiser and learn from other home seller’s mistakes. Avoid the pitfalls I’ve mentioned and you’ll have a much happier real estate journey.
When you want to get the most out of home selling, there is nothing better than renovation.
Home renovation allows you to improve or repair what you already have so you can sell your property for its best price. When you decided to put your Shawnee home up on the market, you’ve also likely considered the possible improvements to make in your home.
However, not all upgrades can improve your home’s price. Some can even make it more difficult to sell your home. Be smart! Carefully study your options and check your budget before deciding on any home improvement projects to undertake.
Adding a swimming pool. Who doesn’t love a backyard pool? Just imagine all the fun you can have in summer. Unfortunately, though many people enjoy pools, it is a poor choice as a home improvement project because it is unlikely to pay for itself. It’s low ROI and high maintenance expense makes it a liability in the eyes of buyers.
High-end gourmet kitchens. Kitchen improvements always add value to the property, but transforming your kitchen to a high-end, over-the-top luxury chef’s kitchen isn’t the best idea. Remodeling.hw.net reports that upscale major kitchen remodeling costs $253,396 with a low ROI of 55.2%. You only get a little over fifty percent back from what you spent.
Luxury bathrooms. While we all love the concept of luxury bathrooms, just like the over-the-top kitchen, a luxury bathroom renovation project is not worth it at the ROI of 53.3%.
Adding a sunroom or 3-seasons room. The concept of having a sunroom is perfect if you love entertaining, but if you’re selling and you want to increase your home value, it is not a good idea.
Extreme landscaping. You don’t need to shell out thousands of dollars on landscaping. While a gorgeous front yard can be enjoyed during spring and summer, the whole face of your yard changes during autumn and winter.
Colorful walls. You may think your decor is fantastic, but what do possible buyers think? When they see colorful walls, they’ll think of it as another thing to change in the home, which means additional cost.
Using wallpaper. You may find wallpaper pretty, but not all home buyers appreciate wallpapers. For them it may mean additional work, which they may not like.
Too much carpet. A carpet floor is beautiful and adds warmth and elegance to the room, but not all buyers like carpet. So before you spend money installing carpet on the entire floor, think again. It may not bring back the money you spent.
There you go, a list of renovations you must not do.
If you’re not sure what kind of projects will be best for your home, call me, Lea Deo. I will help you decide on the best upgrades so you can sell your home fast.
If you’re selling your home, one of the most important days to remember is the showings.
This is the time when potential buyers come and visit the house. They’ll look around, open cabinets, check out the under-the-sink area, sniff for any strong odors, and basically try to feel if the house is giving them a “buy me” appeal.
How do you do that? Here’s how.
1. Maximize your home’s curb appeal. There is no better time to boost your home’s curb appeal than now. First impressions are everything, and you want the buyer to be happy and satisfied when they see your property in person for the first time.
2. Make it sparkle! At this point of the home selling journey, your home should have been cleaned. If not, now is the best time to commit to cleaning your home. If you’re not sure you know how to do it right, get the help of professional cleaners. They can do the job for you efficiently and in a shorter time.
3. Go clean and clutter-free. Clear your home of unnecessary items. Since you’ll be moving anyway, it is best to put into storage any furniture that takes too much space.
Take decluttering one step further and ensure you have no new bills on the table top, that your kitchen counters are clean and sparkly, that the drawers only contain essential utensils, and that your bedroom cabinets have only strategically-chosen pieces in them. You want the house to look bigger, brighter, and more spacious.
4. Paint to update. One of the cheapest and easiest ways to stage a home is through painting it. Paint will breathe life to an old home. It can make your home look bigger and brighter. Make sure to choose neutral tones because it’s more appealing to buyers.
5. Stage each room, beginning with the living room. Staging is a crucial part of home selling. You stage to show your home’s potential and strengths. You stage to allow the buyers to visualize the home as their own so they can make an emotional connection, which will push them to buy the house.
One of the most common questions I get from sellers is how to price a home.
“How much should I sell my home for?”, “How do I price my home?”, “Where should I base my home price on?”, “How do I do set a listing price?”, all differently phrased questions but with a common theme - price.
If you’re planning to put your home up on the market, you’re also likely wondering the same.
And you should be, since price is the most important factor buyers consider when they decide which home to purchase.
You’ve probably heard that pricing is “part science, part art”. This is because it involves research and a little guesswork. That’s why if you ask three agents to price your house, you’ll get three different prices.
There is no definite formula to create the listing price, but I can help you understand what considerations real estate agents look at when pricing your home.
The following factors all play a role in your home’s value.
Doing a side-by-side comparison on all recent homes sold will show a pattern of buyer activity, of how much buyers are willing to pay for the homes, which is a good benchmark of how much you can price the home for.
This is important because you don’t want to make the same mistake. Learning about these homes will help you decide on a strategic listing price.
In a seller’s market where demands exceed supply, you’ll find that even if you increase your price by a few thousand dollars, you’ll still get many offers.
On the other hand, if it happened to be a buyer’s market where the supply of homes exceed the number of buyers, expect your home to stay on the market a little longer. You’ll also likely drop your price by several thousands to be able to compete in the tight market.
You’ll be basically selling your home for a good deal, and many buyers will be interested.
These are just some of the things a Realtor® looks into before helping you decide on the listing price. In the end, when your agent has presented his or her CMA (Comparative Market Analysis), it will be your choice whether to accept it or change it.
It is every seller’s dream to make their home stand out so it generates attention and captures buyer’s interests, and hopefully, pockets as well.
In a sea of competing homes, this can be a big challenge. All the other sellers are also fixing their houses, repainting it, cleaning, sprucing the yard. What else can you do?
There are still some things you must do! I’ve been in this business for 15 years and have seen how some homeowners went the extra miles to make their homes the best there is.
Here are some ways you can make your home stand out:
Don’t just clean, instead, deep clean.
If you’re selling your home, general cleaning is a must. You need to clean the floors and windows, remove the dust off counters and furniture, and make your home look well-maintained.
But if you want to impress buyers, don’t settle for general cleaning. Instead, do a deep clean. This is a more intensive job that requires longer hours, but your home will come out spotless and shiny.
Deep cleaning includes wiping all electrical installations, cleaning all parts of the windows including the grills, getting up close and personal with the baseboards, getting the carpet washed and cleaned, descaling all bathroom fittings, scrubbing tile grout, cleaning all kitchen appliances inside and out, and more.
Not sure if you can tackle a huge job? No time? Hire professional cleaners. They’ll do the job so efficiently your house will look brand new.
Buyers love bright, airy, spacious homes, and you can’t achieve that if your house is cluttered.
Pack your things, give away items you don’t need or use, and throw out old and broken items that have accumulated in the attic over the years. Leave only the barest essentials in the house. You want your house to look lived in, but you also want to showcase how much space there is.
Think of model homes. Model homes are beautiful, elegant, and tastefully designed. That’s your goal.
Stage your house to show the function of each room and space. Make it visually appealing. Showcase its strengths.
If you’re not confident about your skills, ask help from a friend. Or better yet, hire a professional stager. Set up your home so that any buyer will want to stay and be the new owner.
Make your home look more appealing in print by getting it professionally photographed. This is a crucial factor in marketing.
90% of buyers first check a home online, and having quality photos can really catch their attention. If the photos of your home are bland and uninspiring, potential buyers will simply ignore it and look at other beautiful homes.
Capture buyers interest by adding an incentive like a brand new TV, paying for the buyer’s closing costs, or offering a home warranty.
Think of something creative and fun that will grab a buyers’ attention. Try these things and be amazed at the results you'll get.
When you want to sell your Shawnee KS home for its best price, work with me, Lea Deo. More than my years as an agent, I also have the skills and network in place to help sell your home. Your part is to maintain it, keep it spotless for showings and ensure that it is buyer-ready.
Call me at 913-233-9547 when you’re ready to talk. I put service before sales but I also know how to get things done!
Your Shawnee home is your biggest investment. You want to make sure you get the top dollar for its sale, so you decide to hire a real estate agent to help you. But there are so many agents in Shawnee, and it can be a challenge to choose the best one.
One of the mistakes I see many first time home sellers make is hiring the first agent they meet. When you don’t have another option to work with, you have no basis for comparison. You won’t know the possible advantages and disadvantages of working with that agent until you are actually in the process of selling the home.
It’s best to interview at least three agents before deciding which one to hire. If it turns out you like the first one after all, go ahead and do it. At least you’ll be confident that the one you hired is the best for the job.
Hiring the best person for the job usually takes some legwork.
It means asking for recommendations from your family, friends, neighbors, co-workers, and people you know who have already sold or bought homes. This way, you get first-hand information about the agent and about how he or she works. When someone’s performance is impressive, his or her name is bound to come up at least twice among the suggestions.
You need to interview the agents. Ask about their experience. Inquire if they work full-time or part-time.
You should also learn if they sell the kind of home you own. There are times when you’ll find a seemingly amazing agent, only to find out that he or she specializes in selling million-dollar homes. Find out their marketing plan and if they do online marketing.
Asking for references is one of the best things you can do. At the end of the interview, ask for references, and talk to them. You want to know how well the agent has handled the sale, and get feedback from former clients.
Choose an experienced and skilled agent like me, Lea Deo. I have been in the real estate business since 2003. There is nothing more gratifying than the feeling I get when I help people meet their real estate needs.
Learn more about me here https://ShawneeRealEstatEconnection.com/about/.
1. Sell your home at top dollar value.
Your home’s right market value is its top dollar value. With my help, your home for sale in Shawnee will be listed at its right market value, ensuring it to sell fast.
2. Home staging assistance.
First impressions last, and I will help you find your home’s best features, be it in person or through photos, through proper staging.
3. The best marketing for your home, both in print and online.
It is essential that your home is marketed the right way. Many buyers check online listings so they can get a good idea of the homes in the area, and we want your home to be among the ones they first check. If your home is priced right and staged well, it has much more advantages than other homes that are not listed online.
4. I will take care of the negotiations, so there’s less hassle for you.
Home selling is challenging and can cause much hassle and inconvenience. You have many things to take care, and thinking about the open house, negotiations, and endless paperwork can add more stress. Let me take care of that. I will be there for you from the moment you decide to list with me until your home is sold and the deal is closed.
5. See fast results.
Listing with a top realtor like me means faster home selling. This is because I have all the right tools and network to get your home information out there for more potential buyers to see.
These are reasons why you should list your Shawnee home with me. When you want a smooth and successful real estate journey, call me, Lea Deo, your best real estate agent in Shawnee KS, at 913-233-9547.
In case you can not view this video here, please click the link below to view The Best Real Estate Agent in Shawnee KS on my YouTube channel: https://youtu.be/XY6jngwlwqc
Most buyers come with a wish list- a list of specific amenities and features they want from a Shawnee home for sale, and they are willing to spend top dollar when their requirements are met.
Though each buyer has different requirements based on their different needs, it is surprising that there are certain home features common in many buyers wish lists. Many of these features are top priorities for clients, while some are good-to-have. Most of the features are also chosen for the convenience they provide to the clients.
From open floor concepts to large walk-in closets, these home features and amenities are present in most of the new homes for sale in Shawnee KS. Take a look at some of the most popular home features buyers love.
1 .Open floor concept. An open floor concept is among the most in-demand features because it amplifies space, gives the room a lift, and allows convenient interaction among family members. Even decent sized homes look bigger, brighter, and more spacious with an open floor concept. The merge of different living spaces into one great room is perfect especially if you love entertaining since it allows you to prepare meals and host at the same time.
2. Hardwood floor. Visit all new homes for sale in Shawnee and you’ll notice that all feature hardwood floors on the main floor. Hardwood floor is a popular choice among home buyers these days for its timeless and elegant appeal.
It is also durable and can last for a long time, especially when well-maintained. It high resistance against stains and spills, and is easier to clean than carpets. And, it has a certain appeal that radiates warmth, and this appeal easily ties to the feel of a space, giving it a cozy and inviting vibe.
3. Energy efficient windows and appliances. Many home buyers prefer homes with energy efficient features. Buyers are constantly looking into ways to cut their expenses because they’ve already spent so much on buying the house and the closing costs. Energy efficient appliances lower energy costs which provides significant savings to them.
4. Modern eat-in kitchen. The kitchen is the heart of the home. It is also one of the frequently visited spot during open houses. Buyers would like to know that they can cook or prepare meals conveniently.
They love kitchens that are large, with plenty of storage space, sufficient countertops and modern appliances. If you are planning to sell your home and have not yet decided on what parts to update, include the kitchen on your list.
5. Updated bathroom. This is an absolute necessity for home buyers. A modern bathroom provides the highest comfort and convenience. Some buyers check the condition of the plumbing fixtures, the newer the better.
Most buyers of Shawnee homes prefer large master bathrooms, and decent-sized bathrooms for the rest of the house. Many look for a separate walk-in shower, clean and updated tile works, and new lighting fixtures.
6. Walk-in closets. Many buyers prefer walk-in closets because of the convenience it offers. They get to have sufficient storage for not just their clothes, but also shoes, bags, jackets and coats, etc. Having a dedicated space where they are neatly hung instead of folded and crammed in small drawers and more preferable.
7. Laundry room. You’ll be surprised to see how many buyers ask if there is a separate laundry room. Again, it is also about convenience. Having a space just for laundry means being more organized, and separating the mess from a regular living space.
8. Outdoor living spaces. Buyers seek for a home which they can turn into a haven. Having a great outdoor living space, be it a patio or a deck, where they can enjoy a good backyard view, or simply relax and bond with their loved ones, is an important home feature for them.
Which home features are in your wish list? Visit http://ShawneeRealEstateConnection.com/ to find the home that checks off most items on your wish list.
Planning to buy a home in Shawnee? Call me, Lea Deo, at 913-233-9547. Let me help you find the home of your dreams.
In case you can not view this video here, please click the link below to view Most Popular Home Features Buyers Want on my YouTube channel: https://youtu.be/NWoZ5GgJVf8
Whether you are a first time buyer, or you’ve been an owner many times, if you are new to the real estate market in Shawnee KS, you may be wondering what are the closing costs of the home you’ve been considering to buy. Closing costs vary depending upon the states, counties, districts, towns and even subdivisions.
The average range in Kansas for closing costs are $1,800 for every $200,000 home. This state’s closing costs are on the low end of the national average, even lower than its neighboring state, which is an advantage for you – the buyer.
Here are some things included in the closing costs of a home for sale in Shawnee.
Application fee. This is what lenders refer to as the “lender’s processing fee”. The average cost is under $300, but there are also some that charge up to $500.
Appraisal fee. Lenders hire an independent appraiser to assess the correct market value of the home, to verify it is worth the price you’ve offered for it.
Commitment fee. This is what lenders charge you to compensate for the lender’s commitment to lend money.
Credit report. This is for your credit report which reflects your credit history. The lender uses the information from the credit report to decide whether your loan will be approved or not, and how much you can borrow.
Document preparation fee. This is the fee charged for the preparation of the legal papers, like the mortgage, the deed of trust, the note or the deed.
Flood certification. This is paid to a third party who determines if the property you are purchasing is in a flood free zone. If it happens to be in a flood zone, you’ll have to buy flood insurance, which is an additional fee.
Home inspection fee. This is another requirement by the lender, to make sure that the structure of your property is safe. If your lender requires a termite inspection, you’ll have to get a separate inspection or ask the professional inspector to do it for an additional cost.
Lender’s title insurance. This is what you’ll pay for the lender’s policy, to protect the property which is a lender’s investment.
Origination fee. This fee is what lenders charge as payment of their time and effort in funding your real estate purchase. You’ll see this in percentage form and is usually at least one percent of the total loan amount.
Property tax. This fee is prorated between you and the seller. You will pay the tax from the day you bought the home to the end of the year.
Real Estate Commission. This is what you’ll be paying your real estate broker as fee for his or her effort in the real estate transaction. This is in percentage form and is dependent on the selling price of the home.
Survey fee. This accounts for a large chunk of the closing cost. You have to pay a licensed professional who’ll determine the land boundaries of your property. In some cases, this is a requirement by the lender. There are also cases when the buyer will want it for assurance and peace of mind.
Transfer tax. This is the fee made to the locality where the property is being transferred from the seller to you.
Title search. This is in payment for the public records of the property you are buying.
Underwriting fee. This is paid to the lender for the cost of the research on whether to approve your loan or not.
One of the benefits of buying a home for sale in Shawnee KS is that the closing costs in this area area much more affordable. To better prepare you for it, request the Loan Estimate from your mortgage officer. A few days before the closing, you will receive an ALTA, the closing cost statement from your lender, which you and your REALTOR® will then review together to make sure you know where your money will go.
You can also negotiate closing costs with the seller. Instead of getting a price reduction, which will amount to a few dollars more in a monthly payment, ask for the seller to pay some of the closing costs for the home.
For more home buying tips and information, visit http://ShawneeRealEstateConnection.com/.
Planning to buy a home in Shawnee? Call me, Lea Deo, at 913-233-9547. Allow my extensive experience as a REALTOR® help you find the home of your dreams.
In case you can not view this video here, please click the link below to view What Are the Closing Costs of Buying a Home in Shawnee KS on my YouTube channel: https://www.youtube.com/watch?time_continue=10&v=Zrmr5DfNpUk