Many home sellers have considered skipping the real estate agent to save on closing costs, but very few have actually succeeded in seeing those savings. There’s a good reason: the average homeowner doesn’t have the rigorous training and real estate knowledge that a licensed agent does.

But just what makes For Sale By Owner (FSBO) such a bad idea? From incessant inconveniences to costly paperwork mistakes, here are a few of the horror stories that FSBO sellers inevitably encounter.

The Daunting Task of Marketing Your Home

It takes more than a “For Sale” sign in your front yard to make buyers notice your home. According to the National Association of Realtors, 95% of buyers use the Internet in their home search.

This means that online marketing — starting with listing your home on the local listings database, sharing your listing to dozens of social media platforms, and advertising your listing on numerous websites with a global audience — is essential to selling your home.

Without an Agent, Home Marketing Isn’t Cheap

This is where it gets expensive: yard signs, newspaper ads, brochures, high-quality photographs, and a professional-looking website — things real estate agents have at their disposal — are your responsibility to finance and maintain when you have to do your home’s marketing yourself.

Incorrect Home Pricing: The Ghosts of Lost Profits

Even after all that marketing, FSBO sellers don’t actually make more money. In fact, many lose money.

The research backs it up: the National Association of Realtors reports that the average home sold with an agent sells for $240,000. FSBO homes, however, sell for only $185,000. What you could save in commission you lose by pricing your home incorrectly or skimping on the marketing.

Without an Agent, Finding the Right Price is Impossible

Part of the problem with a low-dollar sale is the asking price. Real estate agents have more tools and resources, plus an intimate knowledge of the local housing market, so they can spot a wrongly priced listing from a mile away. FSBO sellers, however, have only limited access to home value tools and resources about past sales activity.

The Mountains of Paperwork

Understanding the paperwork involved in a real estate transaction is one of the biggest challenges of selling For Sale By Owner.

After all, the contract isn’t just an agreement about the price; it also includes contingencies (like those for home inspections and financing), the closing date, and other important terms.

Without an Agent, Sellers Can Make Costly Mistakes

The paperwork involved in a home sale can be complicated and full of legal jargon. An oversight could mean a costly mistake or even a lawsuit. Real estate agents, however, have the knowledge and understanding to take care of all the necessary disclosures.

Don’t Become the Next FSBO Horror Story

Yes, commission is a sizable chunk of change. But so are the hidden fees and lost profits, not to mention the added stress, that come with selling a home by yourself. The best way to save money, save time, and save headaches is to work with an experienced real estate professional.

We’re here to help! Give us a call and let’s talk about the home selling process.

From personalizing your living spaces to turning a profit when you sell, there are dozens of reasons why first-time home buyers can’t wait to find a home and make it their own. Though there are plenty of benefits of owning a home, here are the six benefits that stand out from the rest.

1. You Can Customize Your Space

Whether you want to invest in the latest high-tech home features or paint your walls neon green, owning a home gives you the freedom to do just about anything you want.

2. You Make the Rules

Unlike with a rental property, where a landlord can dictate what you can and can’t do while living there, living in your own home means you have the freedom to host parties, adopt a pet, plant a garden, you name it. As a homeowner, you are in total control!

3. You Can Take Advantage of Tax Breaks

It’s true what they say: owning a home is an investment. But that doesn’t mean there aren’t ways that you can reap financial rewards up front. The IRS allows homeowners to deduct mortgage interest, property taxes, and capital gains from their annual taxes.

4. You Can Better Invest in Your Community

Eager to make friends with your neighbors? Want to participate in homeowners association meetings? Can’t wait to get involved with community beautification projects or local organizations? When you own a home, you can truly become an important part of the community.

5. You Can Put Down Roots

Speaking of getting involved in your community, owning a home also allows you to settle down and establish roots in a home and neighborhood that you love.

6. You Can Earn Money Back When You Sell Your Home

The longer you live in your home, the more equity you build. And if the homes in your neighborhood are appreciating in value, you can earn a significant amount of money back when you decide to sell your home — maybe even thousands of dollars!

Want to Own a Home of Your Own? We Can Help!

Homeownership is a rewarding experience, especially if you have the right tools and resources at your fingertips. If you’re considering buying your first home, give us a call and let’s talk about your plans!

Email scams are as old as, well, email, but as the years go by, these scams have become more and more sophisticated. Recently, several home buyers have fallen victim to specially targeted email scams that attempt to rob them of their closing costs — sometimes up to hundreds of thousands of dollars.

These types of scams are devastating both financially and emotionally, especially when your home is involved. But to help protect you from email scams targeting the real estate industry, we have outlined a few tips about what these scams are and how to avoid them.

What Email Scams Are Common?

Though the method through which hackers collect personal or financial information is always changing, there are a few basic types of scams that buyers and sellers should be aware of.

Phishing

This type of scam attempts to “fish” for sensitive personal or financial information (such as passwords or credit card numbers). Many emails used in recent phishing schemes look legitimate; they may use the name of a trusted company or individual as the sender name, but the email address is slightly different than the company’s or individual’s verified address.

These types of email messages may also ask you to verify information or click on a link, which could install harmful software on your computer.

Wire Transfer Fraud

A specific type of phishing email that has been targeting home buyers recently is one that asks buyers to wire their closing costs to another account. The email typically crafts some urgent scenario, such as a last-minute change in wiring instructions, and urges the recipient to act quickly by wiring the money to the new account. This phishing email has led to home buyers losing thousands of dollars — in some cases, the entire purchase price of the house — to scammers. Unfortunately, the money can’t be returned once it’s gone.

Wire transfer fraud scams are especially dangerous because the emails appear to be sent directly from the real estate agent, the electronic signature company, or the title company. There may not be any misspellings or grammatical errors in the email message (which were surefire signs of a scam in the past), the message itself may be friendly and conversational, and any information related to the real estate transaction may be detailed and accurate.

How You Can Avoid Falling Victim to Email Scams

Now that you know what types of scams have plagued the real estate industry, here are a few tips you can follow to prevent yourself from falling victim to a devastating email scam.

Verify that you received an email from the right person. Ensure that any emails you receive are legitimate by contacting the sender directly. Make sure you look up their phone number instead of clicking on the number provided in the email signature, which may be the scammer’s phone number.

Verify that the email address is legitimate. When you receive emails that appear to be from your real estate agent, title company, or attorney, check to make sure the sender’s email address does not contain misspellings, extra characters, or anything unusual.

Never share sensitive information via email. Your real estate agent will never ask you to send sensitive personal or financial information in an email.

Don’t touch an email that looks suspicious. Never click on any links or download any attachments from an unverified email, even if it looks legitimate. These links or attachments could be malware that will harm your computer.

Always use strong passwords. Use passwords that contain letters, numbers, and special characters, and change them periodically.

Update your antivirus software. Protect your computer from malware by ensuring your antivirus is up to date.

Report suspicious emails. If you receive an email that seems suspicious or is in fact a scam, report it to the Federal Trade Commission immediately.

Contact Us to Learn More

We’re aware of scams like these, so it’s our goal to keep you informed whether you’re buying or selling a home. Give us a call and we’ll provide you with any additional resources you need!

Let’s say you have your heart set on buying a home in a community with a swimming pool, a clubhouse, and maybe even a playground or trails. Having access to these amenities often means living in a community with a homeowners association, or HOA.

Generally, an HOA is responsible for keeping the neighborhood looking beautiful — and as a result, keeping property values high. But since no two neighborhoods are the same, no two HOAs will be the same, either.

What You Should Know About the Homeowners Association

Doing your research on homes and communities means finding the answers to dozens of questions. As a savvy home buyer, you’ve probably already considered some of the most important topics early on in your home search, such as the local property taxes and whether the neighborhood is appreciating in value.

But if you’re considering a neighborhood with an HOA, there are a few additional things that you should know about the community and the association before you buy a home. Here are the essential questions you should ask.

1. What Does the Homeowners Association Do?

Each community varies, but in general, a homeowners association assists residents with property maintenance (by providing services like lawn care, trash removal, or Internet), regularly beautifies the neighborhood common areas, and upkeeps any shared amenities. In return for these services, residents pay an association fee, which we’ll talk about later.

Since the HOA is also concerned with keeping property values high, the homeowners association may also dictate what residents can and can’t do with their properties. These rules keep residents from worrying about a neighbor painting their house a funky color or letting their lawn go wild.

2. Are You Required to Join the HOA?

Before you decide to buy a home in an HOA neighborhood, first check to see whether the community has a voluntary or mandatory HOA. A voluntary HOA doesn’t require that you join the association or pay dues, but a mandatory HOA does.

3. How Much Are the HOA Fees?

As we mentioned before, HOA fees cover the services that the association provides. HOA fee costs (and the frequency with which they’re paid) can vary from community to community, so ask your real estate agent about how much the fees are before you buy a home in the neighborhood.

4. What Are the HOA’s Expectations for Residents?

Typically, a homeowners association will have a list of rules and regulations that residents are expected to follow when they live in the community. (These are known as Covenants, Conditions, and Restrictions, or CC&Rs.)

These regulations can dictate everything from what colors you can use to paint your home to how many vehicles you can park in the driveway. Again, each homeowners association varies, so it’s best to read the Bylaws of communities you’re considering to learn what’s expected of residents.

5. When (And How Often) Does the HOA Meet?

If you’re interested in joining your neighborhood’s HOA to get involved in your community, you might also want to consider when the association meets. The HOA may meet annually, bimonthly, or monthly, depending on the association’s size, so check to see if the regular meetings will fit within your schedule.

6. Does the HOA Host Any Activities?

Finally, when considering a neighborhood with an HOA, you should learn whether the HOA provides other ways for you to get involved and meet your neighbors. Ask your real estate agent about whether the neighborhood association hosts annual block parties, pool parties, holiday celebrations, Yard of the Month competitions, or any other neighborhood activities.

We’re Here to Answer Your Home Buying Questions!

Have a question about a specific neighborhood or the home buying process in general? We’re more than happy to give you the information you need. Call us and let’s chat.

A quick Google search is all it takes to discover hundreds of new recipes, do-it-yourself projects, and tips about how to stage your home. With so much information available online, especially about the home selling process, many homeowners start to wonder whether it’s faster and more cost-efficient to sell their own homes rather than hiring a real estate agent to do it for them. (Spoiler alert: It’s not.)

Maybe you’re just now thinking about selling your home. All those HGTV shows and helpful articles make it look so easy — how hard could it be to sell your home yourself? Or maybe you’re already elbows deep into selling For Sale By Owner and are thinking, this isn’t so bad.

A helpful tip when considering whether to skip right over hiring an agent: Just because you can do something yourself doesn’t mean that you should, especially when it comes to selling a home.

So what makes a real estate agent so invaluable?

What Does a Real Estate Agent Do, Anyway?

Everything from preparing paperwork to negotiating the price and terms — you name it, a real estate agent does it. But what many home sellers forget is that a real estate agent’s job is a lot of behind-the-scenes work.

When you hire a real estate professional, you’re not only benefitting from the agent’s intimate knowledge of what’s happening in the local housing market, you’re also working with a licensed professional who is legally bound to work in your best interests. A few essential elements of their job include:

• Researching recent comparable sales to determine the best price for your home
• Spending their own time and money to market your listing
• Promoting your home through their network of contacts and the Multiple Listing Service (MLS)
• Coordinating showing appointments and open houses on your behalf
• Responding quickly to inquiries about your property
• Writing counteroffers and filling out required disclosures
• Doing everything they can to help you achieve your goals

Isn’t It Cheaper to Sell My Home Myself?

Commission — a percentage of the sale proceeds that goes to the real estate agents involved in the transaction — is a major factor in the decision to go FSBO (For Sale By Owner) or hire a real estate pro. Working without a real estate agent will certainly save you a few thousand dollars on commission, but there’s a catch.

If You Go Down the FSBO Road

If you decide to go FSBO, you won’t save as much money as you think. You might not even save money at all.

You will have to spend your own time and money to invest in quality photography for your listing, purchase marketing materials (and not just a For Sale By Owner sign), carefully research which home improvements will bring you the most bang for your buck, and list your home on the MLS, just to name a few.

This all assumes that you price your property correctly, manage to entice more than a couple of buyers with your marketing efforts, investigate whether interested buyers are actually qualified to purchase your home, make all the right repairs so no red flags surface during the home inspection, and don’t make a costly mistake involving disclosure forms or the contract!

If You Work with a Real Estate Agent

Since real estate agents are licensed professionals, they are experts at handling all the details of your transaction. They will help you avoid costly mistakes, negotiate the best price and terms for your property, and ensure that it sells for top dollar.

At the end of the day, working with a real estate agent instead of going FSBO will save you time, money, and headaches.

Okay, I’m Convinced — What Do I Do Next?

If your goal is to sell your home quickly and for top dollar, we can help. We’re more than happy to share our wealth of home selling resources, including staging tips and a home evaluation. Give us a call and let’s talk about your plans.

To DIY or not to DIY? That’s the question on many homeowners’ minds when there’s a repair or home improvement project on their to-do lists. The good news is that you can do plenty of things on your own. But for other projects, you’re better off hiring a licensed contractor, plumber, or electrician to do the work for you.

When undertaking a home improvement project, whether you’re buying or selling a home, you want to strike a balance between saving time by hiring a professional and saving money by doing it yourself. So here’s how to know when to hire a professional and when to go DIY.

Replacing Hardware — Do It Yourself

Need an upgrade from tarnished doorknobs, outdated cabinet pulls, or boring light switches? Pick up new hardware from a local home improvement store and go for it. Replacing hardware is a fairly simple fix that any homeowner can do on their own.

Replacing Roof Shingles — Hire a Professional

Unless you have significant roofing experience (and aren’t afraid of heights), you’re better off leaving this job to the professionals. Contractors can repair your roof in significantly less time — and save you risk of injury.

Installing Ceiling Fans or Light Fixtures — It Depends

If the wiring is already there, you can put in a new fan or light in your living room yourself with little problem. Just make sure that you’ve turned off the power on the circuit breaker before removing the original fixture.

However, if you want to add a ceiling fan or overhead light to a room that doesn’t have wiring already in place, you will need to hire an electrician. They will check to see if your home has sufficient amperage (and rewire the room if necessary), cut and patch drywall to install the fixture, and add a light switch.

Installing Major Appliances — Hire a Professional

Installing a new oven, refrigerator, washing machine, or dishwasher takes quite a bit of know-how, so you’re better off hiring a professional to get the job done right. They will check the wattage, check gas and water connections, and ensure that your new appliance is level, among other things.

Adding a Backsplash — Do It Yourself

Adding wall tile to your kitchen or bathroom is something you can do yourself. Home improvement stores have all the equipment you need, from mortar to tile cutters to the wall tiles themselves. When considering this DIY project, make sure that you have the time to prepare the mortar and grout, lay the tile, seal the backsplash, and allow everything to dry.

Adding Granite or Quartz Countertops — Hire a Professional

Upgrading your countertops involves precise cutting of the quartz or granite and assistance from several people to lift the heavy countertops — plus the initial assurance that your cabinets can support the weight of the heavy material. So when installing new granite or quartz counters, it’s better to hire a professional.

Need Recommended Service Providers?

Whether you’re buying or selling a home, we can connect you with trusted contractors, electricians, plumbers, and other professionals who can save you time and money on your home improvements. Contact us and we’ll be happy to provide recommendations!

You’ve just bought a new home, and Fluffy and Fido are starting to worry about all the moving boxes going into the truck outside. Pets can easily become stressed during a move, which might cause them to lose their fur, become aggressive, or even run away.

Luckily, there are a few things that you can do to reduce your pet’s anxiety before, during, and after your move.

Plan Ahead and In Detail

Many people consider their pets as part of the family, so it’s only natural to be concerned for their comfort and safety during a move. Meticulous planning well in advance of moving day is the best way to ensure your pet is as comfortable as possible with moving to a new home.

First, Make a Checklist of Moving Tasks

We recommend making a checklist of things to do — call the vet, have your pet microchipped, research veterinarians, buy calming medicine, etc. If you’re planning to transport your pet in a crate or carrier, take time to introduce them to it, especially if your dog or cat hasn’t been in their carrier in a while. Put their food or a few treats in it in the weeks before the move; that way, they’ll be more accustomed to the space and will feel less stressed.

Next, Gather Up These Important Documents

Your new state, county, or community might have different rules for owning a pet, so research what records you will need and what fees you must pay in order to register them. It might be best to put the following in one organized file just in case:

• Vaccination records and health certificate
• Rabies tags (if they’re not already on your pet’s collar)
• Emergency contact info for your current veterinarian
• Contact info for a recommended veterinarian

Keep Medication, Food, and Toys Handy

You won’t want to pack your pet’s medications, treats, toys, or food until moving day, so you may want to set aside a box just for your pet. Be sure to pack this box either in the car with you or within easy reach, just in case of an emergency.

Update Your Pet’s ID

Engrave a new ID tag with your new home address and phone number in case your pet gets lost. Hopefully, this will never happen, but it’s better to be safe than sorry. Make sure that your dog or cat is microchipped or at least is wearing a collar, especially in the weeks leading up to moving day.

Keep Them Comfy on Moving Day

In the chaos of loading boxes into the moving van, the last thing you want to happen is your beloved furry friend escaping. Keep your dog or cat in a separate room with their toys, food, and carrier until the time comes to load them into the car. Alternatively, you could let a friend or family member pet sit until it’s time to go.

Book a Pet-Friendly Hotel in Advance

If you’re driving a long way or need to stay at a hotel overnight, reserve a pet-friendly hotel room well in advance so you’ll have one less thing to worry about on moving day.

Take Plenty of Stops on Long Car Rides

While on extended car trips, take frequent stops along the way to give your pet fresh water and food, let your pet go to the bathroom, and take your dog for a refreshing walk around the rest area.

Give Them Time to Adjust to New Surroundings

Pets can become agitated when exposed to new surroundings, so it’s important to keep their collars on and keep an eye on them for the first few days after moving. Surround them with their favorite toys and comfort items, like a blanket or pet bed from the old house, to give them a familiar scent to latch on to.

Be sure to stick to a routine, too! Take your dog on a walk at the same time and stick to your regular feeding schedule.

We’ll Help You Move Quickly and Easily

We hope these moving tips will come in handy as you’re moving with your pets! If you haven’t yet settled on the perfect home or if you’re thinking of selling your current home, we can help you with all the details, not just the transaction.

Call us and we can talk about your plans.

Ask anyone you meet and they’ll likely recall vivid details about their first roller coaster ride, their first day of school, or their first kiss. A first home purchase is no different! While buying your first home comes with its fair share of ups and downs, it will ultimately be an enjoyable experience you’ll remember for years to come.

Stage 1: Elation

You’ve checked your budget and the numbers all line up. You can now buy your first home! While you’re busy pinning home décor ideas to your Pinterest board, taking a peek at homes for sale in your favorite neighborhoods, and uncorking the champagne, you’re grinning from ear to ear. In no time, you’ll be stepping over the threshold of a home you can call yours.

Stage 2: Apprehension

Unfortunately, there’s a lot of research involved with buying a home — something you’ve realized very quickly. You feel like you’re drowning in the vast sea of available homes, being crushed under the weight of your mounting to-do list, and losing your way down the rabbit hole of home buying tips and topics. Buying your first home is a bit more overwhelming than you thought!

But don’t worry. Once you’ve chosen a lender, gotten pre-approved for a loan, and found an experienced real estate agent, both of your trusted guides are there to help you with all the details.

Stage 3: Giddiness

With help from your awesome real estate agent, you’ve checked off all the items on your to-do list and have arrived at the fun stage: the house hunt! You feel like a little kid unwrapping a present when you see all those homes (in your price range!) with cool features like swimming pools, grassy yards, community amenities, and dreamy kitchens. Any one of these properties could potentially be your next home!

Armed with a pen, notepad, and your phone’s camera, you’re ready to explore your favorite homes and take note of what you liked. In one of the most emotional stages of the first-time home buying process, it’s hard not to fall in love with every home you visit!

Stage 4: Panic

Maybe the home you liked was sold before you could make an offer. Maybe you’ve taken a tour of ten listings and haven’t found “the one.” Maybe you realized you can’t afford your ideal home in the location you prefer. A million doubts start running through your mind: What if I miss out on my dream home? What if I can’t find the home I need? Will I have to settle for something beyond my budget? What if I won’t be able to buy my first home?!

But luckily, there’s a light at the end of the tunnel. Your real estate agent is here to provide you with an objective view of the situation, ease your fears, and work tirelessly to find you the right home.

Stage 5: Bliss

Your real estate agent found a brand new listing for you and it’s a home you adore. And just like that, you’ve taken a tour, made an offer, and breezed through due diligence. You’ve just bought your first home!

Sure, it might not have all the fancy tech and high-end features like in HGTV’s dream home, but it has everything you need. And now it’s yours. Congratulations, new homeowner!

We’ll Minimize the Headaches

Whether you’re buying your first home or your fifth, the home buying process can come with its share of ups and downs. But we’re here to take the stress out of the whole process! Let’s chat about your plans, and we’ll help you discover the home you’ve been looking for quickly and easily.