All Real Estate Online https://allrealestateonline.com/ All things real estate! Sat, 29 May 2021 21:03:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.5 https://i0.wp.com/allrealestateonline.com/wp-content/uploads/2020/08/cropped-home-icon-home-house-icon-house-icon-free-11553508857ouiuhg9nsa.png?fit=32%2C32&ssl=1 All Real Estate Online https://allrealestateonline.com/ 32 32 214456772 5 Things That You Should Do Before You List Your House for Sale https://allrealestateonline.com/5-things-that-you-should-do-before-you-list-your-house-for-sale/?utm_source=rss&utm_medium=rss&utm_campaign=5-things-that-you-should-do-before-you-list-your-house-for-sale Sat, 16 Jan 2021 02:47:54 +0000 https://allrealestateonline.com/?p=114 The post 5 Things That You Should Do Before You List Your House for Sale appeared first on All Real Estate Online.

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Once you have decided to sell your house, it’s time to get to work on making it the most appealing to home buyers. Even if your local market is in a hot seller’s market, you will get better offers (often multiple) if you list your home after the following five things have been completed. 

Declutter the Stuff in Every Room 

There are several ways to start your listing off right. One of the most effective is decluttering. Whether you start boxing things up or take the time to sort through items, your focus here is to keep personal items to a minimal decorative level. As you declutter, keep in mind to keep countertops clear and remove knick-knacks. If you choose to sort, remember to box unwanted items and donate them immediately. For seasonal or unneeded things until you move, box them up and consider renting a storage unit or space at a friend or relative’s home.   

Remove Extra Furniture  

Once you have decluttered the little things, remember to remove unnecessary furniture. Not only does it take up valuable space, but extra furniture also makes a room look smaller. The same goes for full closets, pack up unneeded items and store them away. A good rule of thumb is to have some open areas or empty shelves occasionally. This will create an appearance of enough storage space for potential home buyers. Do not limit yourself to inside the home, be sure to do the same for the garage and exterior. 

Renew and Repair 

One of the first things home buyers can notice is when a house needs repairs. According to Zillow, if you’re like most home sellers, you will make at least two repairs before listing your home. Take the time necessary to throw on a new coat of paint on tired walls. If there are any bright or overly rich colored rooms, it’s an excellent idea to mellow them out. After all, your house needs to make an impression, not just a lime green living room. Then be sure to make any needed repairs like cracked light switch plates, creaky stairs or floorboards, small holes or gashes in walls or hallways, and tighten any loose handles or door knobs. This should also include curb appeal items, such as broken fence slats, torn window screens, or broken tree limbs. 

Staging Your Home 

Once decluttering, refreshing, and repairing has occurred, it’s time to stage your home. Strategically use pieces to complement rooms and areas. Rooms should have enough space for potential home buyers to move around the room easily and envision their furniture taking up space. Remember to include curb appeal in this step by freshening up seasonal plants, edging, and ensuring tools and hoses are neatly stored.  

Regularly Clean and Freshen 

The final step in preparing your home for listing is to keep it ready for showings. Keep rooms show-ready by doing a quick sweep, dust, and returning items to ‘their place’ at the end of each day. Then when you get the call for an in-person showing, the house will be ready. For an extra ‘home’ feel, have refrigerated cookie dough ready to throw a half-dozen in the oven as close to the showing as possible (chocolate chip or oatmeal work great!).

If you need any roofing repairs or a new roof contact Statewide Exteriors in Canton, Ohio.  They sevice all types of roofs in Stark county, Summit county and anywhere in northeast Ohio.

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What is the BRRRR Real Estate Investment Strategy? https://allrealestateonline.com/what-is-the-brrrr-real-estate-investment-strategy/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-the-brrrr-real-estate-investment-strategy Wed, 16 Dec 2020 01:29:51 +0000 https://allrealestateonline.com/?p=50 The post What is the BRRRR Real Estate Investment Strategy? appeared first on All Real Estate Online.

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What Is The BRRRR-Method for Real Estate Investment?

If you are investing in real estate, it is highly likely that you have encountered “BRRRR” at some point in time. But what does it actually stand for, and why are so many real estate investment practitioners and experts always talking about it? Let’s find out.

The acronym, BRRRR, literally stands for Buy, Rehab, Rent, Refinance, Repeat. It is also commonly known as “The Smart Investor’s Investment Cycle”.

BRRRR Method

BRRRR is actually not the common method of buying a property and earning from it. It is not the easiest route of investment, but it definitely is one of the most profitable investment methods for real estate. With this method, you can buy homes quicker, rehabilitate or refurbish it for added value, generate and build cash flow by renting it out, refinance it to gain a higher financial position, and do it all again. It is an investment cycle that will surely reap its benefits every single time.

Though it seems pretty straightforward, there are a few things that you must know before applying the BRRRR method to your real estate investments. Here are some key items for each method:

 

  1. Buy

Do not overpay on a property and ensure that you keep in mind some additional charges when you refinance that property later on. Refinancing usually has additional charges that you should shoulder such as appraisals and title work. To put it simply, you can opt to buy a property when it is priced (or can be acquired) under the current market value. The safest amount that you can shell out in buying a property would be 70% of its current market value.

  1. Rehab

Unless you plan on holding properties for luxury rentals, rehabbing a property does not need to be an elaborate process. Items such as chandeliers, bay windows, or even skylights are non-essentials—quite unnecessary. However, you can gain added value in rehabbing kitchens, roofs, walls, bathrooms, and bedrooms.

 

  1. Rent

Prioritize finding a tenant to rent your property before asking for an appraisal for refinance. It is common practice to ensure the appraiser determines the value of your property.

 

  1. Refinance

The main trick in refinancing is to find the best value for your appraisal. This means that you need find the right bank that will give you the best offer for your property.

 

  1. Repeat

There is no special advice in this part of the method as it is the most fun and rewarding part. But what you can do is to take all key parts that you have done in the past, learn from it, use it, and enjoy your success.

Now that you are aware of the BRRRR method, you’re ready to try it out on your real estate investment practices. Still have more questions? Let’s discuss them!

 

 

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