Ellen McLaughlin - Coldwell Banker Residential Brokerage



Posted by Ellen McLaughlin on 8/18/2019

Although being a first-time buyer can seem overwhelming, there was one advantage to the entire process: You didn’t need to sell another property. If you would like to move out of the home that you’re currently living in and are in the process of buying a new place, your life is about the get complicated! Hold tight to your realtor and get ready for quite the ride. 


Since it’s often unrealistic to pay two mortgages at once, there’s a certain way that you must complete the transactions so as not to cause a huge financial headache when moving from one place to another. Unfortunately, you’re going to have to deal with buying a new home and selling your current one simultaneously in most cases.    


The good news is that it can be done! Read on for tips to find out how you can make the process go as smoothly as possible. 


First, you’ll want to understand the housing market that you’re in. You’ll know what strategies you need to employ if you understand the type of market that you’re dealing with. If the two homes are in completely different areas, this research will be even more important to you. 


Buying


While you’re searching for a new home and selling your current one, you’ll want to leave your options open. That means not locking yourself down to just one home. Of course, you’ll only put in one offer at a time, but knowing what’s out there for you to buy is important in case the purchase falls through on the first prospective home. This way you won’t have much chance of being “stranded” once your old home sells. 


Selling


You want your home to be sold in a timely manner. This means that your old home should be well-priced and ready to sell. Work with your realtor on staging, pricing, and holding open houses. The more effort that is put into marketing your home, the better chance you’ll have of selling it. Extra time on the market means that you’ll have a bigger headache when it comes to buying your new home. Selling quickly is not a bad thing so long as you have some other place to live. You can also put a contingency in the sale stating that you need to find suitable housing before you can move. Realtors can do a lot when their sellers are cooperative and proactive.           


Should You Buy First?


If you sell your home first, you’ll have an easier time getting a mortgage on a new home. The problem here is that you’ll need to find some sort of temporary housing before you even head out on the house hunt.


If you buy a home fist, your buying power may be less than if you sold your current home. Your debt-to-income ratio will be higher, giving you less money to spend on a new home.


While buying and selling a home simultaneously can be complicated, if you strategize correctly, you’ll be able to go through the entire process with ease.   

 





Tags: Buying a home  
Categories: Selling Your Home   Mortgage  


Posted by Ellen McLaughlin on 8/11/2019

If you intend to list your residence in the near future, you may want to complete various property renovations. In fact, there are many reasons to perform home renovations before you add your house to the real estate market, and these reasons include:

1. You can revamp the look and feel of your home.

If your home has a drab interior or exterior, now may be the perfect time to update your residence. That way, you can reinvent your house and make it an attractive choice for homebuyers.

As you look for ways to renovate your house, it may be beneficial to conduct a home inspection too. A house inspection typically is requested by a homebuyer after a seller accepts an offer to purchase. However, performing an inspection before you list your residence may help you establish home renovation priorities.

During a home inspection, a property expert will assess a residence both inside and out. A homeowner then will receive an inspection report that provides insights into a house's strengths and weaknesses. And with this report in hand, a homeowner can allocate time and resources to prioritize home renovations and find ways to upgrade his or her residence before listing it.

2. You can increase the likelihood of a quick house sale.

A house that boasts outstanding curb appeal is likely to make a positive first impression on buyers. Thus, this home may be more likely than others to stir up lots of interest among buyers, which may lead to a quick house sale.

If you want to speed up the house selling process, you should perform home renovations. Because the sooner you update your residence, the sooner you may be able to accept a competitive offer to purchase your home.

3. You can boost your house's value.

Home renovations may help you bolster the value of your home. These renovations also can help you differentiate your residence from other available houses – something that is exceedingly important in a fierce real estate market.

When it comes to renovating your home, it may be helpful to work with a real estate agent. If you have a real estate agent at your side, you may be better equipped than ever before to plan ahead for home renovation projects.

A real estate agent may be able to put you in touch with the best home renovation experts in your city or town. For example, if you want to improve your home's interior, a real estate agent can offer interior decorator recommendations. Or, if you need to perform roof repairs, a real estate agent can help you find the top local roofing companies.

Before you list your home, complete home renovations – you'll be glad you did. If you perform myriad house renovations, you could help your residence stand out in a crowded real estate market. Best of all, home renovations could make it easy for you to enjoy a fast, profitable home selling experience.





Posted by Ellen McLaughlin on 8/4/2019

In some instances, it may be beneficial to reject an offer to purchase your home. Because if a homebuying proposal fails to meet your expectations, you may want to wait for another offer to come your way.

Reviewing a homebuying proposal and determining whether to reject this offer can be tricky. But we're here to help you evaluate an offer to purchase so you can decide the best course of action and feel confident about your choice.

Now, let's take a look at three tips to help you assess an offer to purchase and determine whether to decline.

1. Review the Local Housing Market

The housing market in your city or town is a major factor in the property selling journey. If you're selling your residence in a buyer's market, you likely face steep competition to sell your house and maximize its value. Comparatively, if you're operating in a seller's market, there may be an abundance of buyers and a shortage of sellers in place.

Take a look at the prices of recently sold residences and how long these properties were listed before they sold. You may want to consider the prices of currently available houses in your area that are similar to your residence too. With this housing market data in hand, you can differentiate a buyer's market from a seller's one and take a data-driven approach to decide how to proceed with an offer to purchase.

2. Weigh Your Home's Strengths and Weaknesses

You believe your home is great, but you also realize that your residence is far from perfect. As such, it often helps to weigh your residence's strengths and weaknesses relative to an offer to purchase and proceed accordingly.

For example, if a homebuyer submits a competitive offer to purchase your home in spite of its exterior damage, you may want to accept this proposal. On the other hand, if a buyer submits a "lowball" offer on your recently upgraded house, you may want to decline this proposal.

3. Consult with a Real Estate Agent

If you're unsure about whether to reject an offer to purchase, there is no need to worry. You can always hire a real estate agent, and this housing market professional can provide comprehensive support throughout the property selling journey.

A real estate agent is ready to help you in any way possible. If you need help listing your residence and promoting it to prospective buyers, a real estate agent can assist you. Or, if you want to find innovative ways to enhance your residence's curb appeal, a real estate agent can provide home exterior upgrade recommendations.

Of course, a real estate agent will work with you to review any offer to purchase your house. You and your real estate agent together can discuss the pros and cons of a homebuying proposal and make a decision that corresponds to your house selling goals.

Take the guesswork out of reviewing an offer to purchase – use the aforementioned tips, and you can decide whether rejecting a homebuying proposal is the best option.





Posted by Ellen McLaughlin on 7/28/2019

Do you ever look at pictures of dream homes online and wonder what yours is missing? The answer probably lies in a cohesive design style. All homes are built around architectural and design principles. Whether you realize it or not, there are probably at least two or three interior design styles that would perfectly complement your home’s architecture, giving it that dream house” appearance that we all wish we could achieve.

In today’s post, I’m going to cover some of the top interior design styles, from time-tested classics to contemporary trends that are sure to stick around for decades to come.

Mid-century modern

Minimal, but not barren. Reserved, but not sterile. Mid-century modern, as the name suggests, began to take shape in the mid 1900s. You’ve probably seen mid-century decorations dozens of times, especially if you’re a fan of TV shows like Mad Men.

Mid-century furniture has some of the most creative, while still tasteful shapes and textures. Egg-shaped chairs and wide, minimal sofas are highlights of this style. However, one of the most defining features is the use of wood. Exposed wood in furniture, floors, walls, and ceilings give the home a warm and cozy feeling in spite of its modern decoration. It really is all about balance.

Industrial

One of today’s most commonly used design trends, especially in urban areas, is the industrial home. Industrial homes use a great deal of white, stainless steel, and classic red brick to give the home a factory vibe.

While this may seem off-putting, once you see an industrial home you’ll immediately recognize the appeal. Industrial design appears clean well put-together. With the use one or two bold colors, it’s also easy to showcase fun decorations that are used sparingly throughout the home.

Shabby chic

A more recent design trend, shabby chic, takes influence from a number of other trends over the years, combining them into something that is both cozy and clean.

Most people associate shabby chic with vintage items painted white and then stuck into a corner somewhere with fairy lights dangling off of it. And, while this style does leave room for fun lighting and getting creative with paint, it’s core really lies in repurposing items whose era has gone by and giving them new life.

Contemporary

Contemporary design is what we call the amalgamation of today’s design trends that have yet to be identified as a particular style. At one time, mid-century modern was contemporary. And, someday, today’s style will be given another name and its place in the interior design history books.

Contemporary design uses modern principles but take some artistic liberty. Curved lines, and patterns that may be seen as too noisy for modern design find a home in contemporary styles.

Similarly, furniture choices are geared more toward comfort than aesthetics, making contemporary a more livable alternative to modern styles.




Categories: interior design   house style  


Posted by Ellen McLaughlin on 7/21/2019

Everyone has experienced that overflowing, chaotic closet. Clothes everywhere and you can't find what you're looking for. For some, this occurs occasionally, but for others, especially those with smaller closets, this can be a constant stressor that effects your time getting ready in the morning and your mental stress when trying to get where you're going. Not everyone can afford a fancy closet system that easily helps organize your clothes, and some simply don't have the space to implement one. So, what can you do to help yourself organize your clothing without installing a system? Here are a few simple organization methods to consider.

Organize by like colors. 

If you pair your outfits by matching colors, it can help to organize your clothing by color. Arrange black with black, blue with blue and so on. It can further help to hang your clothes to organize by color and in a sort of gradient pattern. Start with black, then grey, then white, then yellow, green, blue, purple pink, brown, patterns, etc. You get the idea. When you look in your closet each morning, you can head directly for the color you want to wear that day and easily find the clothes to match.

Organize by like items. 

Hanging your clothing by like items is another simple way to organize. Hang jeans, pants, skirts then dresses together. Then, hang shirts together and separate by type: tank-tops, t-shirts, long sleeves, button downs, sweaters, sweatshirts, jackets. When you go to get ready, you'll be able to easily see the different pieces you need to complete your outfit.

Organize by purpose. 

If you wear specific clothing for work that you don’t wear outside of work, it can be beneficial to organize your clothing by purpose. Put all your work-wear together and all your casual wear together. Place workout clothes together and all your dress clothes together. 

Organize by frequency worn. 

One more idea, particularly useful for narrow closets is to separate your clothes by the frequency that you wear them. Put the clothing you wear most toward the front of your closet and the clothes you wear least toward the back. Depending on the season you might consider moving your winter or summer clothing to the back of your closet until the appropriate time. 

By implementing any one or a combination of the methods above you'll be well on your way to staying organized, saving time and reducing morning stress. If you have a lot of clothing and will be moving to a new home soon make sure that a large closet with a built-in organization system is on your checklist of required home features. Your professional real estate agent will help you find the best home for your wardrobe.




Tags: organization tips   how to   DIY  
Categories: DIY   how to   organization tips