Top Low-Cost Improvements For Selling Your Orlando Home

Top Improvements For Selling Your Orlando Home

These days there’s more competition for home sellers than ever. To stay ahead of the competition sellers would be wise to utilize the most cost-effective ways to improve their homes making them more attractive to potential buyers.

Typically, there are 2 categories that home improvements fall into. There is the kind of improvements that you do because it’s something personal to you that doesn’t necessarily increase your home’s value, and there are the improvements that you do with the sole purpose of increasing your return on investment.

There are other factors that affect property value that you can’t control like the state of the current housing market in relation to the timing of your sale. Following are some suggestions that will be helpful to you when getting your Orlando home ready for sale.

Clean and De-Clutter

As an Orlando Listing Agent, it’s routine for me to ask my sellers to clean, de-clutter, and organize their homes prior to putting them on the market. This is also the absolute best home improvement you can do for the highest return on your investment. It doesn’t cost much to get some cleaning supplies and get to work.

Move any pieces of furniture that can make the room feel smaller and get rid of as many personal items as possible. Potential buyers want to picture what it will feel like when they live in the home so show them a clutter-free and clean space and let their imagination do the rest.

 Fresh Paint

Coming in at number 2 on my list is new paint. This is hands down the most cost-effective way that a homeowner can make the biggest impact on the appearance of their home without breaking the bank. I advise all listing my clients to fill in any cracks or dents on the walls as well as any minor drywall repairs that need attention before hitting the walls and ceiling with a fresh coat or two of paint.

It’s also a good idea to stick with neutral colors whenever possible. Just because you like super bright and flashy colors, it doesn’t mean the rest of us to do. By using wites and off whites, you can’t go wrong with any buyer. These colors are not offensive and can easily be painted over without too much work.

Landscaping

The first thing a potential home buyer sees when driving up to your house is the landscaping. I’ve had times when I go to show clients a house and when we pulled up to the property, they decide they don’t want to go in just based on what they see outside.

Most of the time, all it takes is a bit of trimming, mowing, and weed pulling to give the home a landscaping facelift. Trim the bushes below window height, prune overgrown trees and shrubs, plant a few annuals for color, and mulch in the beds. You’ll be surprised at what a huge difference this can have on your home’s curb appeal.

We can easily continue on with other home improvements like kitchen and bathroom remodels, new flooring, etc. However, these improvements can be very costly and this article is about “low-cost” improvements so I will end it here.

For more tips on how to get your home ready for the Orlando real estate market, feel free to visit our site at https://orlandorealtyconsultants.com/ or contact us at 407-902-7750.

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Orlando Real Estate: Investors hurting first-time homebuyers

Savvy Orlando real estate investors are beating first time home buyers to the punch

1st time home buyers looking for their ” dream home” are no competition for the seasoned Orlando real estate investor. People looking for their 1st house to move into with their families are finding themselves being squeezed out of the Orlando real estate market by investors looking to capitalize on the current market conditions. With a growing number of people being foreclosed on each week , Orlando short sales are everywhere and investors know that the rental market will keep getting stronger as homeowners that have been foreclosed on scramble to get into rental properties in addition to people moving into the Orlando area from another state or country.

1st time Orlando home buyers grow increasingly frustrated

I feel bad for my clients who are just looking to buy their first home so that they can get their family moved in and settled. These people have no intention of flipping the house for a quick profit, pulling an equity line on it or renting it out for additional cash flow. They just want to move in, raise a family and do their best to “live happily ever after”. The problem with first time home buyers is that they have to qualify for financing which can take a while sometimes and there’s never a guarantee that they will get approved.

Today’s average seller is very educated on how different types of buyers and terms could affect them. It’s not just about taking the highest offer that you receive.

3 Tips for Sellers when looking at offers

1- Is the buyer pre-approved? I personally won’t even show one of my listings unless I have proof that the potential buyer has already done their due diligence as far as going to a mortgage broker or lender and getting pre-qualified for a loan. The buyer will also know what an affordable purchase price will be for them.

2- Will the house appraise for the amount of the asking price? A seller could have a contract on the property with a pre-approved buyer willing to pay full asking price and the deal can still fall apart. These days lenders will almost always insist on an appraisal being done on the property with an appraiser of their choice, [not the buyer or seller’s choice]. Once the appraisal is ordered by the lender, the lender will work off of the appraisal value and sometimes the property just doesn’t appraise for the amount of the contract price.

Things that can happen if the house doesn’t appraise for asking price.

a- The seller comes down on the asking price in order to make the deal happen. This is what usually takes place because the seller realizes        that he will probably run into the same problem again and will ultimately have to lower the price in order to get the house sold.

b- The buyer will have to come out of pocket to make up the difference. This rarely happens unless the buyer is absolutely in love with the home and the seller is unwilling to lower the price.

c- The deal just falls apart.

3- Are your buyers Cash buyers? Cash buyers are almost always investors looking for their next investment property.

Things to consider when you have an “all cash offer”


a- A cash buyer will not pay you full retail price for your house. Whether they are buying with the intent of flipping or renting it out, they are going to want a deal that makes sense to them, [dollars and cents]

b- Cash buyers can close quickly. One of the benefits of working with cash buyer is that there are no lenders involved. Experienced investors will already know what the numbers are even if there are repairs involved. They will rarely get an appraisal done which means that there are not many things that can get in the way of this deal getting done, usually within 3 days or so.

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