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Essential Home Selling Tips

Essential home selling tips are a great way to organize your property to get it ready to sell. Have a look at the complete list of tips.

1. Crank Up The Curb Appeal

Pull weeds, rake leaves and trim overgrown shrubs, especially if they block windows or the path to your front door.

2. Clean Up The Kitchen

A clean and uncluttered kitchen is a staple of home staging. Fix things like leaky faucets and sticky cabinets, and replace old screens. They may seem insignificant, but minor repairs add up in the mind of a potential buyer. They tend to overestimate how much repairs cost. You don't want to give them any reason not to put in an offer.

3. Rearrange

Make sure your furniture placement allows for easy traffic flow and shows the purpose of each room. If you have too much furniture, rent a portable storage device to hold things until you are ready to move into your new place. If you don't have enough furniture, borrow or rent.

4. Pack up

This includes personal photos and portraits. Less is always more. The less clutter and knickknacks you have lying around, the more potential buyers will be able to see your home and what it offers. Remember, you are selling your house, not your stuff. Plus, getting a head start on packing will eliminate some stress down the road. When your house is meticulously organized, buyers will envision themselves living a stress-free life in your home.

5. Clean

Clean every inch of your house, and don't forget to make your windows and floors sparkle. If your carpet appears old and stained, think about replacing it. Also, make sure there are no offensive odors. Purchase an air-neutralizing spray that will help remove odors without creating an overwhelming masking odor. Clean homes sell!

6. Lighten up

Let the sun shine in, and turn on the lights. Open all blinds or curtains, and make sure the house is well lit.

7. Temperature

Be sure potential buyers are comfortable when touring your home. If it's freezing outside, leave the heat on, and if it's summer, turn on the air conditioner.

8. Keep it ready to show

It may be a little inconvenient, but until you accept an offer, keep your home in tip-top shape at all times. What this means is that each room should have a clear purpose, nice flow and be clean and clutter-free. Buyers need to be able to picture themselves and their things in a room, and taking these steps will help ensure that. 

Mortgage News Daily

  • Mortgage Rates Highest in a Week Ahead of Fed

    Posted To: Mortgage Rate Watch

    Mortgage rates rose to the highest levels in more than a week today, but that's the most dramatic way to put it. In terms of outright movement, today was fairly average. It only earns the "highest in a week" distinction due to the incredibly flat trend that persisted from Tuesday through yesterday afternoon. More simply put, most borrowers would still be quoted the same rate as yesterday with the only difference being slightly higher upfront costs (or lower upfront credit, depending on the scenario). All the recent stability in rates begs the question: what might come along to shake things up again? Enter tomorrow's policy announcement from the Federal Reserve (the Fed) . While the Fed doesn't directly dictate mortgage rates or even longer term rates like US Treasury yields, the Fed Funds Rate...(read more)

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  • Despite Downward GDP Revisions, Fannie Sees Housing Holding Steady

    Posted To: MND NewsWire

    Fannie Mae has lowered its forecast for first quarter 2018 growth from 2.9 to 2.8 percent due to " lackluster consumer spending and nonresidential and residential investment. The second report of 4 th Q GDP downgraded real growth by one-tenth to 2.5 percent annualized. Incoming data has shown weaker domestic demand, with real consumer spending down 0.1 percent in January, the biggest monthly drop in a year. Based on this, Fannie also lowered its real consumer spending growth forecast for the first quarter to 2.2 percent annualized from 2.7 percent in the February forecast. FY 2019 looks brighter, and the company's economists have raised their full-year 2019 GDP forecast to 2.5 percent and lowered their outlook for unemployment to 3.6 percent. They stress that more rapid wage and inflationary...(read more)

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  • MBS Day Ahead: Still In The Range, But Defensive Trend Continues

    Posted To: MBS Commentary

    While there have been a few pockets of decent gains in the past week (Thursday afternoon and yesterday morning), the general trend has been toward weaker levels since last Wednesday. That marked the 2nd time in March that 10yr yields bounced at 2.80% in a clearly-delineated sort of way. Each bounce has given way to fairly linear selling trends (i.e. rates moving higher). Yields are currently riding that trend into tomorrow's FOMC announcement. There are several pivot points (or "technical levels") in 10yr yields that serve as a backdrop for the recent breakout attempts and subsequent trends. Naturally, with the 2 big bounces both happening at 2.80%, that's an obvious choice for the bottom of the recent range. The high end is a bit more subjective, but 2.91% is a good first...(read more)

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  • State Changes Impacting Lenders and Banks; Business Opportunities

    Posted To: Pipeline Press

    The first day of Spring! Converting empty warehouses, grain elevators, under-utilized shopping malls, or Toys-R-Us stores to new housing? Perhaps. There is certainly a lack of buildable land in many areas and builders, recognizing that lots of people want to own their own home, are utilizing land as much as possible. How much cleverness can you put into a “tiny home,” agency approved if there are comps? It turns out, quite a bit . Am I missing the point if I wonder where I would put all my stuff? State News It is expensive to be a multi-state lender , and potentially doing business in different ways and using different policies in various states. And different states have different demographics. Last year IL was the state where the most residents moved out, followed by NJ, NY, CT...(read more)

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  • MBS RECAP: Stock Losses Helped But Bonds Had Their Own Limits

    Posted To: MBS Commentary

    Bonds entered the domestic session feeling a bit down on their luck. There was some general weakness early in the overnight session, but just before 8am, European Central Bank (ECB) sources were quoted (anonymously) as generally approving of the market's consensus for policy tightening. Specifically, the sources didn't push back on the view that the ECB should stop buying bonds later this year or that it should execute its first rate hike of this cycle some time in 2019. Granted, that wasn't huge news (after all, it was the market's "consensus" that the ECB sources were responding to in the first place), but it was enough of a development to leave 10yr yields several bps weaker to begin the day. Relief came from heavy losses in stocks which pulled bond yields lower...(read more)

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  • Mortgage Rates Maintain Flat Trajectory Ahead of Fed

    Posted To: Mortgage Rate Watch

    Mortgage rates have been on a tear recently , moving sideways with reckless abandon. Since the middle of February, the "effective rate" (based on actual rate sheet offerings and upfront costs) has held inside a narrow range of 4.52% and 4.58%. This lies in stark contrast to the persistent move higher during the first month and a half of 2018 which saw the same effective rate rise from roughly 4.0% into the 4.5% range. When rates are as flat as they are on the approach to a key market event like this Wednesday's Fed announcement. We often see a break in that narrow range after the key event. For now, there's no reason to believe Wednesday WON'T be such a day this time around. Even if Wednesday turns out to be a dud in terms of its impact on rates, it's always safest to plan for the risk (or...(read more)

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  • Future Housing Market at Mercy of Young Adults

    Posted To: MND NewsWire

    Freddie Mac's economists headlined their March Outlook economic report "Adulting is Hard." The newest crop of young adults may find this to be truer than others. They have been slow to reach life's milestones like getting married, starting families and living independently, but with some valid reasons. Many came of age in the midst of recession ; wage growth has been weak, and housing, education, and healthcare costs have risen rapidly. Average annual expenditures for adults aged 25 to 34 in 2016 are 36 percent higher than those faced by those the same age in 2000, while costs for health care and education have more than doubled. The U.S. Census Bureau says the 25-to-34-year age group contained 45 million people in 2016, 4 million more than the next older age group (35 to 44). But instead of...(read more)

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  • MBS Week Ahead: Absolutely No Significant Data Ahead of The Fed

    Posted To: MBS Commentary

    If it weren't for the Fed Announcement on Wednesday, this would look like a prime vacation week for market participants as there is a distinct lack of relevant economic data. In fact, there's only one top tier report: Friday's Durable Goods. Making the dearth of data even more striking is the fact that there aren't even any 2nd tier reports on the first 2 days of the week. It's not until Fed day (Wednesday) that we get our first sniff of econ data in the form of February Existing Home Sales, and that's not a report that tends to be much of a market mover. All of the above places an inordinate amount of market movement potential with Wednesday afternoon's Fed festivities. There are 8 Fed meetings/announcements on the schedule every year. 4 of them are limited strictly...(read more)

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  • Tax and Sales Products; Mergers Continue; Fed Meeting This Week

    Posted To: Pipeline Press

    For me the last seven days included California, Texas, Nevada, and Illinois. What am I seeing? Some companies are doing well. Others aren’t, and unfortunately, probably more fall into this latter category due to margins and volumes both dropping. Here’s a note from a warehouse rep in the Southeast. “Rob, everyone knew, at some point, rates were going to head higher, and that refis were going to slow. We’re seeing plenty of independent mortgage bank owners who seem to be eternally optimistic, talk about how technology will change their business, believe their profits will rebound, believe they will outlast their competition. Those same people are lousy at knowing when to sell their company. But we’ll see plenty of that this year, I think, more than in 2017.”...(read more)

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  • MBS RECAP: Typically Boring Consolidation Ahead of The Fed

    Posted To: MBS Commentary

    There were quite a few economic reports on tap today, and that made for some entertaining market watching! Reason being, every time a report came out, bonds were in the middle of one of their periodic sideways plateaus that followed what little market movement we actually witnessed. That actual market movement was almost entirely a byproduct of traders cleaning up their positions for the end of the week. The preceding paragraph is the sort of thing I might have read 15 years ago and incredulously wondered "sure buddy, but how do you know such things and why would I take your word for it?!" Don't take my word for it. Just look at this chart of 10yr yields and the yield curve. It doesn't really matter which line is which (yellow line is 10s) because we're focused on the...(read more)

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Bonnie Koff  |  Licensed Associate Real Estate Broker  |  William Raveis Legends Realty Group  | Tarrytown Office 
914-332-6300  |  37 Main Street, Tarrytown, New York 10591  |  Email