If you are looking to sell your home quickly but are on a limited budget, there are dozens of easy ways to improve the look and feel of your home to increase your chances of a quick sale. You can do most of this work yourself over the period of a couple of weeks, and since you are in charge, you can give your home the look you want to make sure it sells as quickly as possible.
1. Give every room a fresh coat of paint. This is one of the easiest, most affordable ways to give your home a brand new look. You can hire someone to do the job, or if you are skilled in this area, you can do the work yourself. Dont feel you have to stick with colors you have used in the past. Choose colors that brighten up your home but are not too bold. You will want to create a space that is inviting and warm but not overbearing. Choose colors that will stand the test of time: subtle beiges, yellows, and sages are always good choices. Visit your local library or bookstore, where you can find books that offer innovative painting and finishing techniques that will bring new life to your home.
2. Install new flooring. If your old carpet or wood flooring has seen better days, consider installing new flooring. Choose durable yet affordable materials for your flooring. Cheap carpet and wood flooring will only make your home look cheap. If your carpet is stained but still in good shape, all you may need is a thorough steam cleaning. You can hire someone for the job or you can rent a steam cleaner and do the work yourself. If your wood floors are scratched, you may not need to replace them. Instead, consider hiring someone to buff and wax them. Shiny wood floors can enliven any home and increase your chances of a quick sale.
3. Install new lighting fixtures and/or ceiling fans. Replacing your out-of-style lighting fixtures or adding new ones is a relatively inexpensive way to update the look and feel of your home. Choose affordable, quality fixtures that provide warm, soft glows and make the space feel homey and comfortable. In rooms without air conditioning or good ventilation, consider adding ceiling fans. Many quality ceiling fans can be purchased for less than $100. Classic styles are always your best bet, as you will want to choose fixtures that appeal to the broadest possible range of homebuyer. If in doubt, check out the lighting fixtures and ceiling fans in the homes of your friends and relatives. Take note of what you like and dont like and what will make the interior of your home look the most appealing to potential buyers.
4. Add storm doors. While many homeowners believe storm doors will make their house less beautiful, these days storm doors come in so many styles and patterns that it is nearly mind-boggling. In fact, adding an attractive storm door to your home can actually improve your homes curb appeal. You can choose from a wide range of materials and frames and even add decorative or etched glass to your storm door. The addition of a quality storm door can greatly reduce a homes energy efficiency, and a storm door usually costs about one-fourth of the price of adding a new entry door to a home.
5. Weather strip doors and windows. Most homeowners can weather strip their entire home in less than a day. Usually it is just a matter of adding self-adhesive foam and/or sweeps to your windows and doors. Weather stripping just one door can reduce a homes energy consumption by up to 15% and is an extremely affordable way to increase your chances of selling your home in a timely manner.
6. Spruce up the place. You may have heard or read about firms that update the furnishings in a home to create certain looks or feels, thereby increasing the homes chance of selling quickly. If you cant afford to hire a firm to do this, or would rather not spend the money, talk to friends or relatives to see if you can borrow furnishings, framed paintings, or other household objects to use during the time you are trying to sell your home. Your friends may have beautiful pieces in storage that they never use, and they will probably be more than happy to lend these items to you. Often just some good-looking, quality furniture and decorative items are all you need to make your home look and feel comfortable and warm. Think of your home as a stage you must set; the items you borrow from friends and family members are the props that will bring new life to your home and help you make a timely sale.
Trying to Sell a Home with Little or No Equity
As early as 2001, real estate gurus were warning the housing bubble would burst with dire consequences. If you had listened to them and sold in 2001, you would have missed out on four years of tremendous appreciation on properties and probably be more than a bit bitter. Well, five years after the first predictions of a burst, there is little doubt it has finally happened.
Unfortunately, many homeowners failed to use their common sense and realize the market would eventually pull back at some point. They went out and bought grossly overpriced homes using interest only and hybrid loans that looked good for the first few years but are now a nightmare. Even if they went with more traditional financing, they often took out home equity credit lines or cashed out much of their equity with refinances. As a result, there are many people living in homes that have little or no equity. While this isn't a disaster in and of itself, raising interest rates are creating higher monthly payments that are costing a lot of homeowners their sleep.
If you are in any of the above situations, you need to consider selling your home. Admittedly, it is a painful decision and one you probably will not like. That being said, it may represent your only way to avoid a disaster. Why? Well, home values are expected to continue to decline in 2007. Interest rates are harder to predict, but it would not be surprising to see them continue on their upward trend. In practical terms, this means things are going to get worse before they get better for homeowners that are currently in a tight financial spot. Selling now is a far better solution then eventually going into default on a mortgage that you can pay.
Once you decide to sell, you will be faced with the problem of swinging it without much equity. Traditionally, you would hire a real estate agent. With little equity, however, this is impossible given the fact a realtor is going to want a commission of tens of thousands of dollars. Your only solution is to sell the property on your own, which makes you a ?FSBO? seller.
Fortunately, the support platform for FSBO sellers has grown massively over the years as the Internet has become a more important part of the real estate market. You can list your property on FSBO sites for a song. You can also get a home value analysis for less than $30, the same report used by real estate agents to set listing prices. You can even buy FSBO kits that contain all the legal forms you will need for your sales process. After that, you will simply need to do what you normally do in the sale of a home ? clean it up, get the landscaping in shape and get the signs out.
By going FSBO in 2007, you can eliminate the cost of paying a realtor. In saving tens of thousands of dollars, you can move your home despite the fact it has little equity in it.
Both Devin Hansen & Raynor James are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Devin Hansen has sinced written about articles on various topics from Credit Cards, Computers and The Internet and Sell Home. Devin Hansen - was founded in Bettendorf, Iowa in 1985.. Devin Hansen's top article generates over 33100 views. to your Favourites.
Raynor James has sinced written about articles on various topics from Real Estate, Business and Finance and Debts Loans. Raynor James is with FSBOAmerica.org - list homes for free for a month.. Raynor James's top article generates over 90500 views. to your Favourites.