Market Updates & All Things Real Estate!

Here are the 10 things I would do if I wanted to list my home right now.
1. I would replace all of my shower curtains with new ones. I would choose neutral colors like ivory, grey, taupe or tan and I wouldn’t choose any crazy/loud patterns.
2. I would replace every lightbulb that wasn’t working or any of them that were casting a yellow shade. I would choose the brightest white lightbulbs I could find. The brighter the room, the larger it looks.
3. This one is hard. I would declutter. I’d minimize the amount of throw blankets I have. (anyone else have an obsession with blankets?) I would take my personal photos off of the wall and put them in the attic or in storage. I would try to minimize my clutter by at least 50%. 
4. I would make my home smell INCREDIBLE! I would buy a couple of wax warmers at a store and a few bars of wax. The scents that I prefer are vanilla, citrus and anything that smells liked baked goods. The better the house smells, the more at home the buyer will feel.
5. I would touch up the paint on any doors, trim, baseboards or walls as needed. If I didn’t have the exact paint color, I would try to get a paint match at a local paint store. If that wasn’t an option I would just clean everything really well and leave it.
6. On the day of photos, I would hide EVERYTHING! When I sold my last personal home, I had laundry in the dishwasher, the toaster was under the kitchen sink and toys stashed underneath beds. The bedrooms should have a bedroom, dresser, tv and nightstands. The living room should have seating, end tables, lamps, and tv. That’s it. Anything else would get hidden somewhere. 
7. I would deep clean the entire home paying special attention to baseboards, cabinet covers, fans, door knobs, showers and bathtubs. I could also pay a professional housekeeper a few hundred bucks if I didn’t have the time.
8. I would have the yard mowed and the landscaping trimmed. This would make my home appear more tidy and well maintained.
9. I would find a friend that had a pressure washer or I would hire (it’s worth it to hire a professional) someone to pressure wash any concrete leading up to my home. 
10. This last one is a little strange but I will die on this hill. I would load up the back of a truck with bags and bags of red mulch and put that around all of the landscaping and trees in the yard. IT HAS TO BE RED MULCH. It can’t be black or brown. Don’t ask me why. Red mulch brings the yard to life and looks amazing in professional photos. Don’t try to fight me on this. You WILL lose.
Those are my ten things I would make sure to do before I put my home on the market. These items are going to be well worth your time, money and energy. If you do all of these things to your property before putting it on the market, I highly believe you will make AT LEAST 10% more for your property. The things above make a huge difference.  
If you want us to walk through your house and give guidance on what else you can do to make sure you get top dollar, just call, text, or message us anytime! 863-990-7256
Posted by Margaret Michelle Williamson on August 12th, 2022 8:26 AM

JUST LISTED!

Properties with industrial zoning do not come available often! This property is set right in the heart of Arcadia. The current zoning is M-2 (Heavy Industrial) which allows for maintenance/repair of small equipment, restaurant, automotive repair, car wash/detailing, convenience store, equipment sales/rentals, parking lot, parking structures, material storage yard, laundry/dry cleaning business, printing/publishing shop, recycled materials processing facility, warehousing and more! Take on your new business venture on this property! Please verify with City of Arcadia to confirm if current zoning will allow for desired use.

Posted by Margaret Michelle Williamson on August 11th, 2022 9:16 AM

JUST LISTED!

PRIME AND SUPER RARE PIECE OF REAL ESTATE NOW OFFERED FOR SALE! Check out this property measuring over 6 acres zoned IL (industrial light)! Located on Highway 70, great signage and exposure will equal high visibility! The property features a 48x33 steel barn with recently remodeled one bedroom, one bathroom apartment along with a garage with so much space for storage for your equipment or tools! There is also an additional 32x20 building for even more storage and a place to work! With IL zoning, the possibilities are endless! Per the land development regulations, the current zoning allows for bulk storage yards, light manufacturing/processing, medical clinic, outdoor storage yards, printing/publishing establishments, retail sale/rental or repair of automobiles/tractors/boats/other machinery, warehousing/storage establishments, construction offices, commercial radio facilities, veterinary clinic, indoor retail sales and so much more! You can even build a single family residence but it must be in the same structure that is occupied by the commercial use. This zoning doesn't come up for purchase often, so don't miss out on your chance to own this prime piece of real estate for an incredible price! Arcadia is growing exponentially! Add your business to our growing economy! Check with DeSoto County Building/Zoning to verify if zoning allows for desired use.

Posted by Margaret Michelle Williamson on August 9th, 2022 4:03 PM
Let’s talk about appraisals…
First off, what is an appraisal? In short, an appraisal is an opinion of value. An appraisal is almost always needed when a buyer is obtaining financing for a piece of real estate (home, land, commercial investment).
How does an appraisal work? It’s important to note that no one can choose the appraiser when a bank/lender is involved. The bank/lender orders the appraisal through an appraisal management company (AMC) most of the time. The AMC assigns an appraiser to provide an appraisal report for the property. The appraiser then reaches out to the listing agent of the property to schedule a time when the appraiser can visit and walk through the property. 
The appraisal will inspect (different than a home inspection) the home’s interior and exterior, measure the home’s square footage and evaluate the home’s features and condition. Along with walking through the property, the appraiser will research properties with similar characteristics that have also sold in that same area. 
The appraiser then publishes and submits his report to the AMC which then is sent to the lender. 
WHAT IF MY HOUSE DOESN’T APPRAISE?
Let’s say the buyer is agreeing to buy your home for $200,000. The appraiser values the property at $190,000. What happens then? 
Well, there are a couple of different options. 
-The seller can agree to drop the price of the home to the appraised value of $190,000. 
-The buyer and seller can meet in the middle at a number between $190,000 and $200,000. However, it is important to note, that if a buyer agrees to pay $195,000, the buyer will most likely need to bring $5,000 extra to closing. Most banks/lenders will only lend money on the appraised value, nothing over. 
-The seller can put the property back on the market if the buyer doesn’t agree to pay the $200,000. In this scenario, the seller would re-list the property and hope to find another buyer that would be willing to take a chance on the property and order a new appraisal. The seller could also just look for a cash buyer that wouldn’t require an appraisal. 
WHAT HAPPENS IF MY PROPERTY APPRAISES FOR MORE THAN THE PURCHASE PRICE?
Following our example above, let’s say the appraisal comes in at $210,000. This will not change the purchase price. It won’t change anything. The price had already been agreed upon and cannot be changed unless the buyer and seller both approve the change. The buyer would know that they will instantly have $10,000 in equity (according to that appraiser).
WHO GETS TO SEE A COPY OF THE APPRAISAL?
The buyer pays for the appraisal so the lender and the buyer are the only parties who get a copy of the appraisal. However, if the appraisal value comes in below the purchase price, a copy can be requested by the seller to verify the appraised value. 
In conclusion, an appraisal is an opinion. Two appraisers can value a property at two different amounts. There are several options if your house doesn’t appraise out and you are never forced to sell your property for appraised value unless that has been formally agreed upon before hand. 
This is just the start of appraisals. There are many more factors involved and it is your real estate agent’s and lender’s job to help guide you through every step of a real estate transaction. 
If you are ready to get started on searching for a new home or if you are thinking about selling your current home, contact us today! We are always here to help and pride ourselves in being educated in all facets of a real estate transaction!
Posted by Margaret Michelle Williamson on August 9th, 2022 1:37 PM

JUST LISTED!

Properties with industrial zoning do not come available often! This property is set right in the heart of Arcadia and is completely fenced with access from Court St and S Monroe Avenue. The current zoning is M-2 (Heavy Industrial) which allows for maintenance/repair of small equipment, restaurant, automotive repair, car wash/detailing, convenience store, equipment sales/rentals, parking lot, parking structures, material storage yard, laundry/dry cleaning business, printing/publishing shop, recycled materials processing facility, warehousing and more! Take on your new business venture on this property! Please verify with City of Arcadia to confirm if current zoning will allow for desired use.

Posted by Margaret Michelle Williamson on August 9th, 2022 9:18 AM

JUST LISTED!

Super fantastic property located in Punta Gorda ready for it's new owner! Come check out this BRAND NEW 2022 CHAMPION PRIME three bedroom, two bathroom home! This house was made to show off it's wood look flooring, stainless steel kitchen appliances, open floor plan, split bedroom layout, luxurious primary suite, pristine bathrooms and nice sized indoor laundry room all situated on a spacious lot with enough room for friendly gatherings and entertainment! You can enjoy city water service (so no service/upkeep fees of your own well) and the septic tank and drain field were just put in this year! Everything is NEW!! Live the life only Southwest Florida can provide. Charlotte Harbor is only a few minutes away and Punta Gorda has the best night life any town can offer! Whether you are looking for a winter home or a year round home, definitely take a peek at this one! We doubt you will be disappointed!

Posted by Margaret Michelle Williamson on August 3rd, 2022 2:20 PM
The age of roofs are a huge issue right now in the real estate and insurance worlds. Most of the roofs in Southwest Florida were replaced after Hurricane Charley in 2004/2005. A lot of those roofs are now being replaced either because of condition or because they cannot be insured at an affordable price. 
So what happens when the roof fails an inspection and/or is uninsurable? Can the seller still sell the home? Can the buyer still obtain their financing? 
?Most people would think that the seller would just need to wait for a cash buyer that is willing to buy the house and replacing the roof after they close. However, that is not the case! 
There are a few ways to negotiate a new roof. Let’s say the house is listed for $200,000 and the new roof will cost $20,000. 
1. You can offer $200,000 and request that the seller install a new roof before closing.
2. You can offer $210,000 (basically splitting the cost of the roof with the seller) and request that the seller install a new roof before closing. 
3. You can offer $220,000 (basically you are rolling the new roof into your loan) and request that the seller install a new roof before closing. 
But what happens if the seller doesn’t have the funds to install a new roof before closing? 
Most sellers cannot afford to put on a new roof before closing. Here is a special way to get around this. 
After the house is sold, the title company will hold back $20,000 from the seller’s proceeds and then the new buyer can have the roof replaced. (If the seller was going to make $100,000 off of the sale of the property, the title company would give them $80,000 and keep $20,000.) The title company can pay the roofer directly with the $20,000. The verbiage on the contract may look a little like this: 
“Seller to pay for a complete roof replacement which costs will be held in escrow after closing. Roof will be completely replaced within 60 days after closing. Seller to provide estimate from roofing company within 10 days after execution of contract. Funds will be paid from the title company straight to the roofer.”
The best part is that this can all be completed even if the buyer is obtaining a loan! You do not need a cash buyer if the roof fails inspection. 
There are plenty of creative ways to get around repairs that are needed. Make sure the agent you work with doesn’t give up at the first sign of a hurdle. As an agent, our job requires us to think smarter and find legal and creative ways to get over hurdles that come up! 
We are here for you! If you are ready to buy or sell, you can trust that we will do whatever needs to be done for your success! 
(As always, we are not attorneys. The above is not legal advice, just friendly advice from your local real estate agents.)
Posted by Margaret Michelle Williamson on July 25th, 2022 9:22 PM

JUST LISTED!

Wonderful lot in the highly desirable Rotonda Lakes Deed Restricted Community! Take a peek at this breathtaking lot with private canal frontage and just imagine your new construction home! Homes in this area are show stoppers and yours will be the perfect addition to the neighborhood. Beautiful trees adorn the property. Keep some for a more native look or clear everything so you have room for a pool! Florida Gulf beaches where the best boating and fishing occur, numerous restaurants and the best golf courses are all easily accessed with close proximity to about everything you could need.

Posted by Margaret Michelle Williamson on July 20th, 2022 12:29 PM

JUST LISTED!

Breathtaking lot on private cul-de-sac in the lovely Rotonda Heights Deed Restricted Community! Take a peek at this wonderful lot and just imagine your new construction home! Homes in this area are show stoppers and yours will be the perfect addition to the neighborhood. Beautiful trees adorn the property. Keep some for a more native look or clear everything so you have room for a pool! Florida Gulf beaches where the best boating and fishing occur, numerous restaurants and the best golf courses are all easily accessed with close proximity to about everything you could need.

Posted by Margaret Michelle Williamson on July 19th, 2022 3:20 PM

JUST LISTED!

Wonderful corner lot in the highly desirable Rotonda Lakes Deed Restricted Community! Take a peek at this breathtaking lot and just imagine your new construction home! Homes in this area are show stoppers and yours will be the perfect addition to the neighborhood. Beautiful trees adorn the property. Keep some for a more native look or clear everything so you have room for a pool! Florida Gulf beaches where the best boating and fishing occur, numerous restaurants and the best golf courses are all easily accessed with close proximity to about everything you could need.

Posted by Margaret Michelle Williamson on July 19th, 2022 3:12 PM

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