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8 Common Mistakes When Selling Direct to a Developer

Home & Leisure / Ron Wynne /

1. Your neighbor next door or across the street sold to a developer 18 months ago. You call your neighbor friends for a phone number, and in no time, you sign an agreement to sell without contacting an agent, other interested parties or other developers.

2. You become very attracted to the words "fast close," "as is," "all cash," "no ...Read more

Ways to Avoid Escrow Fallout

Home & Leisure / Ron Wynne /

Given our current market, buyers often act impulsively. That being said, there is a tremendous possibility of escrow fallout. Here are some of the ways you or your agent can avoid escrow fallout.

Suggestions for buyer's agent or buyer acting privately:

1. Be sure that the buyer understands the market and understands the responsibilities that...Read more

Homebuyer Turn-ons and Turn-offs

Home & Leisure / Ron Wynne /

Thankfully, not every buyer has the same taste. There was an old expression that people would use when Baskin-Robbins ice cream stores were in every neighborhood: "That's why Baskin-Robbins has 31 flavors." But truth be told, there were always a few flavors that sold the best. The same holds true with what sells houses.

The turn-ons currently...Read more

Upgrades and Fixer-Uppers

Home & Leisure / Ron Wynne /

If I'm making upgrades to a new home, is it reasonable to pay for the upgrades in advance?

Yes, it is totally reasonable for a developer to ask for payment in advance of the requested modifications, as the builder is changing the home to your specific needs and would likely need to remove many improvements if you were to fail to complete the ...Read more

The Realities of Having an Estate Sale

Home & Leisure / Ron Wynne /

People have many reasons for getting rid of their stuff, but most often, an estate sale is for exactly what the name suggests. It's to liquidate a home of its contents after someone passes away, or when someone has moved in with children or to an assisted living home that cannot accommodate their furnishings and possessions.

I've seen people ...Read more

Best Deals When Going on and off the Market

Home & Leisure / Ron Wynne /

How long do I need to own a property to qualify for the $250,000 or $500,000 capital gains exemption?

You must own a property and use it as your primary residence for at least two of the last five years prior to the date of sale. The owner-occupied exemption is $250,000 for a single person or $500,000 if married filing jointly. You may do ...Read more

How Much Will a Builder Pay for Your Lot or Teardown?

Home & Leisure / Ron Wynne /

The answer to what a builder will pay for a lot or a teardown is not as black and white as it may seem. There are many factors involved, including issues that add to construction time, typical construction costs and addition soft costs.

Let's say, for example, your property is in a municipality that takes six to eight months for city approval...Read more

And they all lived happily ever after

Home & Leisure / Ron Wynne /

We are all in pursuit of the perfect life. Some things never change. Everyone loves the feeling of abundance, freedom, space, Zen and positive energy. Anticipating the desires of people is what architects, designers, landscapers, stagers, builders and Realtors regularly focus on. Life can be complicated, and as the expression goes, stuff happens...Read more

Best Time to Sell?

Home & Leisure / Ron Wynne /

What is the best time of the year to sell my house?

There may not be a best time of the year, but we always tell people to avoid the holiday season. Perhaps August would be slow because many people travel. My advice is to watch interest rates and inventory. When interest rates and inventory are low, there are plenty of buyers. The less ...Read more

Shopping for a Bargain Is Not Your First Priority

Home & Leisure / Ron Wynne /

The word "bargain" is not defined the same by all, and there may be reasons not initially clear as to why a home is priced low.

My advice is to always do your research upfront. If a home has been on the market for a very long time, it might be overpriced, or there may be other factors, such as a foundation issue, mold, floor plan flaws or a ...Read more

Buyer's Market and Seller's Market

Home & Leisure / Ron Wynne /

Q: Will a swimming pool add value to my property?

A: Many years ago, swimming pools were not considered an expensive improvement. Now people are asking me whether spending $60,000 to $70,000 for a pool will make their property value increase accordingly. It's difficult to say, since increase in value occurs for different reasons and increases...Read more

 

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