Thursday, July 23, 2009
Iselin Real Estate for Sale, 6 Ways to Tell if You Need to Paint Before Listing your Home
If you're putting up your Iselin real estate for sale, it may be time to bring out the brush and spackle. This doesn't just mean on the outside, but everywhere. If you're not sure whether you need to do it, here are a few ways to tell:
1. Peeling exterior - You may be used to your Iselin home and not see the peeling paint, but, as any good Iselin real estate agent will tell you, curb appeal is very important (home selling steps). If buyers don't like the way your home looks on the outside, they very seldom go inside. If the paint is peeling, it's time to redo it.
2. Eye-catching colors - While you may enjoy your robin's egg blue house with canary yellow shutters, buyers may not. An Iselin home for sale needs to be painted in a way that the buyers can see themselves living in it. If your house is painted in unusually eye-catching colors, you need to repaint in neutral tones. Stick with neutral colors for interior painting also.
3. Peeling/stained shed - If you have a wooden shed on your property, you might need to repaint it or even replace it. Exposed wood under the paint is a major detractor and an eyesore. It may not matter to you, but it will matter to the buyer.
4. Cracks in the walls - If the interior of your Iselin home has little cracks, seal the drywall with spackling and repaint. Though small, the cracks will be seen as a negative, even if the rest of the house is well cared for.
5. Cracked tiles or water spots on the ceiling - Who looks up at the ceiling anymore? The buyer will and will see that unsightly stain in the corner that you haven't noticed for years.
6. Artistic inspiration - If you're an artist and you found the need to express yourself on the walls, you might consider repainting. Ask your Iselin real estate agent before hand; some forms of expression may sell better than others.
When you have an Iselin home for sale you have to be honest with yourself. Look at the house with fresh eyes and in a buyer's point of view. If something stands out, it probably needs to be fixed.
If you're thinking of selling your Iselin home in New Jersey, I'd be happy to give you suggestions on how to make it sparkle so it will sell faster and for more money. Contact me today.
Cathy Chaudemanche, Keller Williams Elite Realty
Piscataway Real Estate in Middlesex County, New Jersey. North Edison homes for sale and North Edison Real Estate in New Jersey. Metuchen homes for sale and Metuchen Real Estate in Middlesex County, New Jersey. Iselin Real estate and homes for sale.
Sunday, May 31, 2009
Buying Bank Owned Iselin Real Estate—REOs in Middlesex County, New Jersey
Buying REOs is a very popular method of buying Iselin real estate in New Jersey for investment. If you're just getting started accumulating investment property, this is one way you can get very good deals and amass a great deal of property quickly. REO stands for Real Estate Owned and is the acronym banks place on properties they have taken back from mortgage defaults. REOs are considered non-performing assets meaning they have value but are not bringing in any money-bad for the bank, good for you.
Buy REOs at Foreclosure Auctions
Foreclosure auctions are a great way to get fantastic deals that you might not be able to convince a bank to go with prior to the event. Some savvy investors try to catch properties while they are in pre-foreclosure which avoids a property being bid up in an auction atmosphere. To do that, you often have to convince the holding bank to "short sale" a property and sell it for less than the note they were holding on it. At a foreclosure auction, the bank is usually desperate to unload the Iselin real estate and often settles for far less than the actual value without all of the short sale paperwork.
Do Your Homework
If you choose to buy properties at auction do your homework. Use foreclosure worksheets to determine the true value of a property and what your maximum bid should be in order to realize a profit from its eventual sale or use as a rental. Doing this prevents you from getting caught up in the moment and over-bidding on a piece of Iselin real estate that has a lot of competitors bidding on it.