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Showing posts with label sellers. Show all posts
Showing posts with label sellers. Show all posts

Thursday, July 6, 2017

Sacramento Real Estate Explained: Closing Escrow on a Home



You have made through the inspections and appraisal and now you are getting to the end of your escrow.  What happens next??  Here's a short video to prepare you on the final steps of the last week of your escrow.  There are a lot of moving parts but your Realtor and Lender should be navigating you through the entire process so you can close on time, successfully and get the keys to your new home.


Doug Reynolds, a Sacramento area Realtor for over 10 years, offers his opinions and suggestions on how to make the appraisal process as smooth and successful as possible.


Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.


clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+

Thursday, May 4, 2017

Sacramento Real Estate Explained: Appraisal Process



So you are a buyer or a seller in Sacramento and just got into escrow.  What's next??  Well, if there's a loan involved for the buyer then an appraisal will be involved. There's a lot of moving parts with an appraisal from an AMC, point of contact, comps, turn times, minimum property condition requirements.

Doug Reynolds, a Sacramento area Realtor for over 10 years, offers his opinions and suggestions on how to make the appraisal process as smooth and successful as possible.


Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.


clear skies,

Doug Reynolds

Realtor

916-494-8441

 Doug Reynolds Real Estate InstaGram    Doug Reynolds Real Estate YouTube Channel     Sacramento Real Estate Blog - Doug Reynolds Realtor     Doug Reynolds Real Estate - Facebook     Doug Reynolds Real Estate - Google+

Friday, September 23, 2016

Video - Sacramento Real Estate Explained: What is a pest inspection




Hi, I'm Doug Reynolds.
I'm a Realtor in the Greater Sacramento Area and have been a full time agent since 2006.

In this video, i go into great detail of what a "Pest Inspection" is, how it effects a real estate transaction and what is typical for the Sacramento Real Estate Market.

This should provide great info if you are getting close to buying or selling and want to educate yourself.


Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.


clear skies,

Doug Reynolds

Realtor

916-494-8441



         

Monday, September 12, 2016

How Pricing Your Home Incorrectly Could Cost You

I'm a big fan of Dave Ramsey.  And this article came from his website.  I totally agree and it's a quick/easy read.  Enjoy:


How Pricing Your Home Incorrectly Could Cost You

Blog ai lg home pricing

3 MINUTE READ

When you’re getting ready to sell your home, one of the most important decisions you’ll make is the price. It’s easy to focus on things like cleaning the windows and replacing the throw pillows in preparation for showings, but none of that matters if you can’t get potential buyers in the front door.Pricing your home correctly is key, and getting it wrong could cost you.
If you price your home too low, you could miss out on thousands of dollars in profit. And if the price is too high, you lose serious buyers and run the risk of wasting weeks or months before you have to reduce the price to get an offer. Getting it right from the beginning not only saves you time, but it could also help you walk away from your home sale with more money. And who doesn’t want that?
So how can you make sure you get it right? For starters, avoid these two common pricing mistakes:

Fail #1: Starting With Sentiment

Your home is probably one of the most personal investments you have ever made, and it’s normal to feel nostalgic about moving on. You can’t put a price tag on those memories, so don’t try. Instead, look at your home through a potential buyer’s eyes and be realistic about its pros and cons. That kind of reality check will keep you from setting a price that will send buyers running in the opposite direction!

Fail #2: Trusting the Internet

There are dozens of websites that claim to know your home’s value, but as you dig into the research you’ll find that these numbers are guesses at best. No computer can generate a number that accurately reflects the most current home sales in your neighborhood, taking into account all of the features that make your home unique. Only a real person can do that, so it’s important that you work with a qualified real estate agent who has a track record of getting the price right and has experience selling homes in your market.
Your agent will walk you through a recommended pricing strategy, but ultimately, the price is your call. And getting it right from the start can make all the difference in how quickly your home sells and how much money ends up in your pocket at the closing table.



CONNECT WITH ME VIA FACEBOOKYOUTUBE, AND FOLLOW MY BLOG.



clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         

Friday, February 5, 2016

Sacramento Real Estate Explained: CMA (Comparable Market Analysis)



Doug Reynolds, a Sacramento area Realtor, provides explanations to real estate terms.

In this video i explain What is C.M.A. is... Comparable Market Analysis.  It is doing a "mini appraisal" for a property to look at the comps.  THis involves looking at the recent solds, the properties that are pending (in escrow) and the other homes that are currently acitive (for sale).  From there, you make adjustments to compare to the subject property and arrive at an estimated value.

For sellers, this helps determine what they house is worth and what price it should be listed for sale.

For buyers, this helps them make an informed decision on the value of the home they are considering and what price they should offer.

If you are a homeowner that is thinking about possibly selling, contact me and i can provide a free CMA for you.  This will give you information for what your home is currently worth.



CONNECT WITH ME VIA FACEBOOKYOUTUBE, AND FOLLOW MY BLOG.



clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         

Monday, October 19, 2015

Guest Blog - Why you shouldn’t hire your brother-in-law to be your Realtor…

Guest Blog from Matt Gouge - Matt the Mortgage Guy.  Thanks for this fun little write up Matt.  I hope our audience enjoys.




Why you shouldn’t hire your brother-in-law to be your Realtor…

            I love family as much as the next guy, so I’m not knocking family. The reason I am writing this post is because I have had a few recent transactions that have caused me to ponder the use of a family member in a real estate transaction.
            While this will apply to most “brother-in-law” scenarios I would like to apologize in advance to the well qualified, knowledgeable, full-time Realtor BIL’s.
            Take a moment to develop a scene in your mind. You are driving home from work on a Friday afternoon listening to Bohemian Rhapsody and pondering all the beauty in the world. As you come to a stop at the red light wondering whether or not this is the Cubs year to win the World Series you catch a glimpse of a car fast approaching in the rear view mirror. A 19 year old college student who is late to a sorority meeting is texting her BFF about the Miley concert and what outfits they should wear. She slams into you at 45mph and it all goes dark. You wake up in the emergency room and can faintly here them talking about what the impact did to your legs as they were smashed into the console and into the car in front of you…
            This moment of terror seems like an eternity as you start to envision your days playing high school football, dancing at your wedding, playing golf on the weekends. You can’t make out what the doctors have started to chat about as they huddle. You say a silent prayer that you will be able to walk again…
            Then you are faced with a dilemma. You have a choice of two spine surgeons who will take on the task of repairing your spine so you can walk again. The first is a well known and respected surgeon who advises the state board on this exact procedure. People fly in from all parts of the country to have him do surgery since he does 150 of them per year and is really good.
            Your second choice happens to be your brother-in-law, he has just finished residency and has done this surgery on a couple of computer simulations. His ultimate passion is fly fishing but his father pushed him to become a doctor because they come from a line of doctors. You think he is a nice guy but has a careless nature and a drinking problem.
            OBVIOUSLY you are going to choose the world renowned surgeon to do the spine surgery and wouldn’t dare risk your health or ability to walk just because your sister married this dude.
            Yet I see folks all the time that use a Realtor who does three transactions a year to list their current home and represent them on the purchase of their next one. As I walk through the over-priced listing that has 0% chance of selling I learn that the sellers are related to the agent and thus agreed to list at this insane price. He told them he could get it and I think he even believed it. He lives 130 miles away and really hasn’t been tracking real estate lately because his real job is as an accountant for a theme park. But they are family. And how hard is it to sell a house anyhow? What both parties don’t know is that by entering so overpriced he is not getting anyone to even consider his listing. In 2 months when he finally does reduce the price those buyers have already moved into their new home and school has started. A few people are interested in the new price but something about being on the market for 65 days makes this listing look stale. So another price reduction and 4 months later they are still paying the mortgage on this house while trying to fix up the new house they bought to their liking. Since Bro-In-Law didn’t know the market they were moving to either he didn’t realize before they purchased that they back up to a section 8 approved apartment complex. They now know after their 6 year old daughter brought a needle in that had come over the fence into the backyard. The stress of 2 mortgage payments and not feeling safe in the new home are really taking its toll on the couple’s marriage and they now sleep in separate rooms. This may be a fictional story made up on the fly but you catch my drift.
            So maybe just maybe you should have hired a professional. Someone who works day in and day out living & breathing real estate as it constantly evolves. It has less to do with your relationship with the person and more to do with how well they can perform the job. Realtors get paid a commission on Real Estate transactions and the good ones are worth every penny. They have dedicated their life to perfect this craft and they consistently educate themselves so that they can serve your best interest.

            I’m just a mortgage guy and these are just my observations from the field. If you are considering telling your sister that you won’t be using her husband RickyTheRealtor and want a referral to a high quality local agent feel free to reach out. I know plenty of them, and none of them are with me on Thanksgiving.

Connecting people and homes, one loan at a time…
#MattTheMortgageGuy
916-529-7600
NMLS # 1088993














Thanks again Matt for your guest blog post.




Connect with me via FacebookYouTube, and Follow my Blog.

clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         

Monday, June 15, 2015

All about the Staging Process for selling a home

Many times i'm asked by sellers about the staging process or why is it important to hire a stager. "Why is it so expensive?"  "That doesn't seem worth it."  "Other homes in my neighborhood are not staged."

I don't always suggest staging for my listings.  It's really on a case by case basis.  Depends on the property, the location, the price point etc.  Below is a great article from Staged 4 More about the entire staging process.  Enjoy!

Connect with me via FacebookYouTube, and Follow my Blog.

clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         


Our Process for Staging Homes

Having been in the home staging industry for almost 1o years, me & Yi Hsuen have developed a process to help us pull a house together and create the best results for our clients. Having a process in place is important. It helps to simplify our decision making and inventory selection, be more efficient with our work load and break the debate if we butt heads on styling decisions. It is an ever-revolving process and technology like 17hats also helps to keep us on track. Having a system is crucial in running any business, this is one of the best lessons I've learned working for Michael Gerber, author of E-Myth.
Today I'm giving you a peek at our process so that you might take away a couple helpful insights that make working with a home stager or staging your listing less frustrating and more efficient for you. 
Our Process for Staging Homes // Staged4more Home Staging & Design

1. LOGISTICS SUPPORT

I have to mention logistics here because our job is filled with lots of moving pieces, so having a good handle on logistics is important.
We brought on Anita last fall, whose official title is Project Coordinator. She has been a great add to me & Yi Hsuen, helping us managing logistics, scheduling and invoices. The main decision behind hiring Anita was inspired by my experience working on photo shoots.
Having an agent really freed me up from worrying about paperwork and contract negotiations and allowed me to do what I do best on set. Having gone through that experience, me and Yi Hsuen realized that we were getting bogged down by the day-to-day stuff, and we were distracted from getting the real business done -- delivering a great staged home to our clients and passion projects like developing programs about home staging (like the free Home Staging Basic Training Guide and some other cool mini courses in the next few months).
Having a workflow and templates in 17hats helped a lot. Anita, who is much better with customer service and logistics, is able to access the system easily and follows through. Because we almost tripled our volume last year, we switched to credit card payments and electronic signatures only to eliminate inefficiency and paperwork.
Having logistics support really helped us to have a smoother on boarding process with new clients, build a better client relationship.
An example of our workflow in 17hats // Staged4more Home Staging & Design


2. ON SITE VISIT & DRAFTING THE PROPOSAL

When a client calls, whether potential or repeat clients, I generally have a brief conversations with him/her to get a sense of the scope of the project. This is also a pre-screening process to see if we would be a good fit with their project.
Once the initial phone conversation has happened, Anita schedules / confirms an on site visit with the clients. On site visit is crucial because it gives us a great idea on what the neighborhood is like, who the target buyers may be and what finishes and color schemes we will use for staging.
This process can also get time-consuming on the back end, even though it may only look like the two of us had spent 15-30 minutes on site writing notes & taking photos for planning purposes. This is also why we had decided to start billing for on-site visits, because typically with bay area traffic, it takes about an hour or more to get to the site and back, not to mention we usually meet for another 15-30 minutes to discuss design plan for the property. So overall, drafting a proposal can take 2-3 hours. 

3. IN STUDIO: DESIGN & PREP

Before we prep, me and Yi Hsuen sit down together again and go through our notes & photos we took during our site visit. We would go through the photos room by room and double checking the proposal to see what we would need to pull to work with the home's existing colors, finishes and architecture details. We print out our prep list and off we go.
Much like our actual staging process, we work from big to small. We normally pick the largest pieces first, like sofa, coffee table, rug, accent chairs, etc. and work our way down. Pulling and packing accessories take the most time.
Usually, our prep process takes 4-6 hours with both of us working. I'd pull accessories, decorative items, floral and Yi Hsuen pulls lighting, artwork and writing up the locations of the big pieces that are going to get packed first. (This is why we asked clients for at least a 3-day notice before scheduling the installation date, because we need to schedule time in for prep.)

4. STAGING DAY!

Our movers arrive at 8am, but me & Yi Hsuen generally shows up at 7am to make sure we have everything ready before the job. Typically, load out takes about 1-1.5 hours, depending on the size of the job. Plus bay area traffic, we generally arrive on site between 10-11am. Once we arrive at the house, it's a flurry of activities.
Our movers have been with us for a long time now and they know roughly where we want to drop furniture. They also know that they will need to assemble the beds, furniture and move all the bins to the kitchen. Once bins are out, I start unpacking everything, so we can visually shop decor pieces and accessories to style each room. Like the way we pull, we drop the big pieces first.
Once furniture plan is set, we start making beds, steaming linens. Generally when I style, Yi Hsuen starts placing and installing artwork. Depending whichever of us finishes earlier than the other, we  start packing up for the day.
Before we leave, we do an once over, to make sure every corner is covered and we are happy with the overall staging. More importantly, the home looks ready to photograph.

5. MARKETING

I'll be the first to admit that we are usually not as diligent as we should be on this. :/ But I normally try to whip out some sort of blog posts or at least instagram about it (at some point.). Social media is fairly important nowadays, since we actually see an increase in web traffic and sometimes even lead to other projects when we share our work.

6. WRAP & PACK

Our Home Staging Process // Staged4more Home Staging & Design
Once the home is sold, contingencies are removed (until contingencies are removed, your home sale is not yet a done deal. The deal can still fall apart.), Anita schedules a date for de-staging. We will go to the house at 7-7:30am and start packing. Movers show up at 8 to move everything out. Generally depends on the size of the project, on site removal can take 2-3 hours and in studio, another 1-2 hours. After movers leave, we unpack the bins and restock everything.
All in all, from initial contact, prep, on site staging to de-staging, pack and wrap, a home staging project can take about 75-85 man hours on average to complete.

I probably shared too many details here, but I've learned being transparent about our process has helped our clients understand how we work. Staging the home right can be a time consuming process. One that has a lot of invisible pieces that are unseen and therefore undermined by our clients.
It is a lot of hard work. To have a fully stock 5800+ square feet prop house takes time to cultivate and develop. We also have to constantly be on our toes with trends and new inventory by frequently visiting vendors and furniture shows. But all is well worth it when we can pull something awesome together for our clients.
There you have it! That's our staging process in a nutshell!

Saturday, February 28, 2015

How to prepare you house for sale in Sacramento



Doug Reynolds, a Sacramento Area Realtor, provides an over view of how to prepare your home for sale.

The short answer is that it varies depending on the property and the seller's situation.

Your agent should be able to provide you with a detailed plan of action for getting the best outcome for your situation and timeline.

Connect with me via FacebookYouTube, and Follow my Blog.

clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         

Friday, January 30, 2015

Home Staging on a Budget - The five Seller Musts!

Here's an excellent visual for sellers that are preparing their home for putting it on the market.  Most sellers either don't have a lot of money to put into staging/fixing up their property or don't want to.  So, here's a great guide from Moshells.com that i recently found.  Let me know your thoughts....





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clear skies,
Doug Reynolds
Realtor
916-494-8441
 

         

Monday, December 22, 2014

Sacramento Real Estate Video Market Update December 2014 - January 2015



Doug Reynolds, a Sacramento Area Realtor, discusses the latest market stats for Sacramento.

This month Doug focuses on the market being balanced for both buyers and sellers. Buyers have some houses to choose from and little bit of negotiating power depending on the situation. Sellers control the fate, if they want to be winners in the current market they need to do three things: 
1. Price the house right
2. Make it show well
3. Hire a Realtor that will do a great job of marketing the home.
If a seller is missing those things, the house will sit on the market right now.

Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.


clear skies,

Doug Reynolds

Realtor

916-494-8441



         

Tuesday, September 23, 2014

Sacramento Real Estate video Market Update September - October 2014



Doug Reynolds, a Sacramento Area Realtor, discusses the latest market stats for Sacramento.

This month Doug focuses on the best strategies for sellers and buyers in the current Market.  Since the market is heading into the normal Fall/Winter slow down, there's a few things both sellers and buyers can (and Need to) do in order to take advantage of the market.

Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.


clear skies,

Doug Reynolds

Realtor

916-494-8441