Real Estate Word -- Beware of Buyer Turn-offs May 2018   
  Real Estate Staging News




HOMESTYLING BY CATHY
Real Estate Staging

Cathy Tarrant CCSP
ST. JOHN'S, Newfoundland
(709) 341-7115
www.homestylingbycathy.com


 
When you put your home on the market, it's important to take care of certain details to ensure buyers don't head out the door in disgust. This month's article offers six buyer turnoffs that you need to be aware of.

And check out the savings you can get when you make bi-weekly payments instead of monthly payments on your mortgage!

There are also some great ideas on how to save money at the pump as well as a few tips on how to seasonally transform your home with a fresh spring theme.

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate staging in general -- we would love to hear from you!

Cathy

In this issue...
Beware of Buyer Turn-offs 
Address these common turn-offs so buyers don’t run for the door!

When you put your home on the market, it must appeal to a large cross-section of buyers in order to generate a frenzy of activity.

Buying a home is such an emotional decision that even a seemingly small issue can create a bad impression. Here are six of the top turn-offs you need to know:

  1. Get Out - Make yourself scarce during showings as nothing turns buyers off more than a stalking seller.

  2. Fido & Fluffy - Pets and their associated smells will put many buyers off so relocate them before showings and hide their bed, bones, toys, etc.

  3. Killer Clutter - Buyers want to imagine themselves living in your home but most can’t look past other people's clutter, even if it’s tucked away in closets and cupboards.

  4. Problems Down Below - If your basement’s unfinished, you’ll want to show that it has potential so investigate any signs of moisture and paint the floor white to make it feel more spacious.

  5. Grubby Grout - It's imperative that your entire home remains thoroughly cleaned right down to the inside of your microwave. Neglected personal spaces like bathrooms will have them running for the door!

  6. Forgo the Fish Fry - It's best not to cook fish, bacon or other strong smelling foods while your home's on the market. Always air out your home by opening the windows instead of using artificial scents as some people are allergic.

When you sell your home, your goal is to get the highest price in the shortest amount of time. Sometimes the best way to do that is by focusing on the small stuff. It's definitely worth the effort and the good news is that depersonalizing, decluttering and thoroughly cleaning your home doesn't cost a fortune.

The Magic of Bi-weekly Payments on your Mortgage 
Do you groan with despair when you check out your mortgage statement wondering if you’ll ever be rid of your debt?  Fear not -- there’s a strategy that will pay your mortgage off years in advance saving you thousands of dollars in interest!

Making bi-weekly accelerated payments is one of the easiest ways to make your mortgage a thing of the past.  Most of us make mortgage payments each month even though we're paid every two weeks.  Accelerated bi-weekly payments can put thousands of dollars back in your pocket without the need to save up lump sum payments.

It's easy!  Just divide your monthly payment by two and pay that amount every two weeks.  For example, if your monthly payment is $1,454, your bi-weekly payment would be $727.  There will be 26 payments over the course of the year -- equivalent to 13 monthly payments.  You'll be slipping in an extra payment each year without ever realizing.  The additional amount directly pays down the principal and the more you apply to the principal, the faster you pay off the loan which saves a fortune in interest.

Check this out!  On a mortgage of $250,000 amortized over 25 years with 5 year interest terms of 5%, you’d save over $31,000 and pay your mortgage off nearly 4 years sooner with an accelerated bi-weekly payment schedule as opposed to traditional monthly payments.  It may seem a long way off now but imagine how amazing it would feel if someone unexpectedly knocked on your door with a cheque for thirty grand!

Companies such as gyms sometimes use this payment tactic but in reverse.  For example, a gym may say the membership's $24 every two weeks so in your head you think “that’s only $48 a month” but in fact, it’s actually going to cost you $52 a month because of the extra two payments a year.  By taking advantage of the accelerated bi-weekly plan, you’ll be pulling a fast one on the bank!

We all want pay off our mortgage and start enjoying financial freedom.  Accelerated bi-weekly payments are one of the best ways to accelerate your goal.  Most banks don't charge fees or penalties for this payment option but make sure you ask up front just in case.  It’s definitely worth investigating your options -- you have nothing to lose, just thousands to gain!

Tips On How to Guzzle Less Gas 
Modifying your driving habits can save you loads at the pump!

Maximizing your vehicle's fuel efficiency will not only save you money but you'll also be doing your bit for the environment! Here are a few tips that'll pay off at the pump:

  1. Turn it Off - Don't idle as it unnecessarily wastes fuel.

  2. Take it In - Regular tune-ups will increase your car's efficiency.

  3. Check & Inflate - Keep your tires inflated to the proper pressure.

  4. Slow Down - Speeding increases fuel consumption by as much as 50%!

  5. Don't Brake Down - Don't constantly jam on your brakes and then rapidly accelerate.

  6. There's an App for That! - Download an app that tracks the cheapest local gas prices.

  7. Lighten Up - Remove unnecessary items from your vehicle as extra weight reduces fuel efficiency.

The best way to save on gas is to keep your car in the driveway, so next time you climb behind the wheel, ask yourself if you can walk there instead. Just a few small changes to your driving habits such as combining errands or carpooling to work will save you a small fortune over time.

Spring Your Home Decor into Action 
Transform and refresh your home now that spring is here!

Spring is a time of renewal so why not bring the season's vitality into your home by making some simple decorating changes. Here are a few ideas that'll help you create a fresh spring feel:

  • Swap out heavy curtains for blinds or sheers.

  • Bring nature inside with a few plants or some fresh cut flowers.

  • Switch your cushion covers to spring shades such as yellows and purples.

Celebrate spring's arrival by bringing a breath of fresh air into your home. Just a few simple changes and a good spring clean can reflect the season’s sunny, fresh energy!



PS Check out my latest blog post  about possible rooms that can turn off buyers.
 

Not meant to solicit clients already under contract.