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10 Best Kept Secrets for Selling Your Home

Whether you live in Westerchester, Putnam or anywhere else for that matter the ten best kept secrets for selling your home are very simple steps. If you are thinking of selling in this hot market then I would suggest you read and follow them. You won't believe how easy it is to get more money for your property

Selling Secret #10: Pricing It Right

 

 

Find out what your Westchester or Putnam County home is worth, then shave 10 to 15 percent off the price! If that scares you...listen up! You will be stampeded by buyers with multiple bids, EVEN IN THE WORST MARKETS! You can rest assured they will bid up the price over what the comps showed. It takes REAL courage and most sellers don't want to risk it, however it is the best strategy for selling a home in todays market


 

Selling Secret #9: Half Empty Closets

 

 

Whether it be Westchester County or anywhere else, storage is something every buyer is looking for and can never have enough of. Take half the stuff out of your closets then organize whatever is left. Buyers will snoop so make certain to keep all your closets neat and clean 

Selling Secret #8: Lights On

Maximize the lights in your home. After location, good lighting is the one thing that every buyer says they want in a home. Remove drapes, clean the windows, change lamp shades and increase the wattage of your light bulbs. Remove or cut down bushes the are in front of the windows to let in sunlight. These few suggestions make a great deal of difference.

Selling Secret #7: Play The Agent Field

A real sale killer is having the wrong agent. No matter where you live, whether it be Westchester, Putnam or anywhere else you need to have the right broker. Often sellers hire friends and more often it doesn't work out and the friendship is over! Find a broker who is tech-savvy. He or she has many more tools than one who is not up on the most recent technology.

Selling Secret #6: Conceal The Critters

You might think a cuddley dog would warm the hearts of potential buyers. Think again! Not everyone is a dog or cat lover. Buyers don't want to walk into your home to see an unsightly or smelly kitty litter box nor do they want to see a dog bowl with kibble on the floor. It will give buyers the idea that your home is not clean. When your Realtor plans an open house send the pets to a pet hotel or to a friend for a day. It will be well worth it!

Selling Secret #5: Don't Do Upgrade or Over-Kill

In Westchester and Putnam Counties quick fixes do the trick! Mammoth makeovers, not so much. You are less likely to get your money back from huge improvement projects. Instead do updates that will bring a greater return. A fresh coat of paint, clean windows, new door handles, new cabinet hardware fix leaky faucets and clean grout are but a few inexpensive ways of getting you top dollar.

Selling Secret #4: Take The Home Out Of Your House

One of the most important things to do when selling your property is to "de-personalize" it. Remove at least one-third of your stuff and put it in storage. This includes family photos, memorabilia, collections and personal keepsakes. Consider hiring a homestager to maximize the full potential of your home. Staging simply means arranging your furniture to best showcase the floor plan and miximize the use of space.

Selling Secret #3 The Kitchen comes First

You are not selling your home, you are selling your kitchen - that's how important it is! The benefits of an updated kitchen are endless and the best part is you will probably get an 85% return on the money spent. The fastest, most inexpensive kitchen updates include painting, and new cabinet hardware. Use a neutral color to paint the kitchen as buyers will view it as a blank canvas where they can envision their own style. If you don't have a lot of money to spend, buy one stainless steel appliance. Why one? When people see one high-end appliance they think all the res are high-end also and it updates the kitchen.

Selling Secret #2: Always Be Ready To Show

Your house needs to be "show-ready" at all times. You never know when a buyer will want to see it. Don't leave dishes in the sink or the dishwasher. Be sure the bathrooms are sparkling and that there are NO dust bunnies in the corners. It might be a bit inconvenient, however it will help to get your house SOLD!

Selling Secret #1: First Impression Is Last Impression

No matter how pristine your home is on the inside, if the outside is a disaster a buyer will, more than likely, not want to see the inside. You will never have a second chance to make a first impression. Spruce up your home's exterior. Trim bushes or buy new in expensive ones and plant lots of brightly colored flowers. Annuals will work best. Often you can get a 100 perscent return on the money you put into your home's curb appeal. Entryways are also important. Make it welcoming by putting a bench there if possible, some flowers and even a plate of cookies. 

 

Mortgage News Daily

  • NAR Survey Finds American Dream Depends on Affordability

    Posted To: MND NewsWire

    Homeownership as an American dream is alive and well according to new data from the National Association of Realtors® (NAR) 2018 Housing Opportunities and Market Experience (HOME) Survey. The survey was conducted across all 12 months of last year. Sixty-four percent of respondents were homeowners, 27 percent were renters, and 9 percent were non-homeowners living with a family member without paying rent. NAR just released Aspiring Home Buyers Profile , which focuses on survey responses from non-homebuyers, both those who rent and those living with a family member. Of the non-owners, 45 percent were 34 years or under, 59 percent make an income of under $50,000, and 43 percent live in suburban areas. Across the quarters of 2018 non-homeowners were consistent in their desire to own a home in...(read more)

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  • MBS RECAP: Minimal Bond Market Damage Thanks to Stocks' Hard Start

    Posted To: MBS Commentary

    The S&P had been idling in place with prices between 2560 and 2600 for more than a week. During that week, we've discussed the risks associated with a break above 2600. Simply put, if stocks managed to break above their nearest notable technical ceiling, perhaps bonds would do the same. In that case, we were looking at yields of 2.75% as the correlated ceiling. Now today, the S&P closed at 2610 and 10yr Treasury yields not even above 2.72%. To be fair, when stocks broke that ceiling this morning, bonds definitely came along for the ride . But everything played out on a smaller scale, as if both sides of the market were suppressed by some larger uncertainty. While there were quite a few brexit-related headlines in the news, we'd be far better served by focusing our attention...(read more)

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  • Mortgage Rates Unchanged Again as Markets Remain Cautious

    Posted To: Mortgage Rate Watch

    Mortgage rates were unchanged yet again today. Given that rates are based on trading levels in underlying bond markets, it's no surprise to learn that bond investors have been hesitant to take things too far in either direction after pulling up slightly from the long-term lows achieved in early January. The same could be said for the stock market, but replace early January with late December. For either side of the market, the biggest lingering uncertainty is the fate of the government shutdown . The extent to which a shutdown resolution would move markets remains to be seen. But at the very least, there's a risk that a resolution would push stocks and interest rates higher in unison--at least temporarily. From there, it would fall to actual economic data to set the tone. In that regard, bonds...(read more)

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  • LO Resources; CRM, PR, and Sales Products; January Training

    Posted To: Pipeline Press

    Are rates too high given where the U.S. economy is? Traders, investors, and the Fed think they’re where they need to be, given the information we have. Others believe they will head lower this year due to a slowing economy. The release of bank big bank earnings today is shedding some light on economic temperature, but recall that the word “patient” appeared in the recent FOMC minutes as well as in several comments by Fed Chairman Jay Powell related to the timing of potential upcoming rate hikes. (The last time we saw “patient” show up in Fed speak then Chairwoman Janet Yellen used it in reference to rate hikes in early 2015.) Would you patiently wait for your paycheck? U.S. government owes an estimated $5.3 billion to federal workers who have not been paid since...(read more)

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  • MBS Day Ahead: Stocks and Bonds in Holding Patterns, Waiting For Info

    Posted To: MBS Commentary

    Neither side of the market (debt/bonds or stocks/equity) feels like it has enough information to move out of recent holding patterns. These sideways trends emerged last week after a an apparent "New Year Bounce" toward higher stock prices and bond yields had proven itself to be a false start. Perhaps 2019's early trend could have remained intact were it not for several key sources of uncertainty. There is an important brexit-related vote in UK parliament tonight, but it will only be important for US bond markets if the vote offers a surprising result. Right now, the expectation seems to be that the Prime Minister's brexit plan will be overwhelmingly rejected. But if it's a reasonably close call, that would leave hope alive for brexit to happen on schedule. There are two...(read more)

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  • MBS RECAP: Bonds Stay in Solid Shape Despite Morning Weakness

    Posted To: MBS Commentary

    The overnight trading session was thinly-traded due to a holiday closure in Tokyo. Buyers outnumbered sellers until the domestic session. Promptly after the 820am CME Open , sellers showed up in US Treasuries. Bond market weakness radiated out from there. By the end of the day, it would become more clear that some of the selling was related to corporate debt hedging (read more about why that matters HERE ). Bonds were weaker throughout the morning hours, and then leveled off after European markets closed. It's not uncommon to see Treasuries level-off or reverse course right after European bond markets close. This can happen for a variety of reasons although it can be as simple as a sudden drop in market participation that happens when only one of the three continental areas is trading...(read more)

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  • Mortgage Rates Unchanged to Start the Week

    Posted To: Mortgage Rate Watch

    Mortgage rates held their ground today, keeping them in line with long-term lows achieved over the past 2 weeks. To be fair, it was the previous week that offered the biggest benefits, but last week was no slouch. Factoring out the first few days of January, it would have been the best week for mortgage rates since April 2018. It was a relatively quiet day for financial markets with the bonds that underlie mortgage rates trading in mostly the same territory as last week. It remains to be seen how markets will react to the absence of the typical spread of economic data (much of which is on hold due to the government shutdown ). Beyond that, the shutdown could certainly begin to have an effect on the economy itself although it's hard to say how big of an effect that would be. With this now being...(read more)

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  • MBA Revives Income Verification During Govt Shutdown

    Posted To: MND NewsWire

    At least one part of the shutdown is over as the Internal Revenue Service (IRS) announced it has resumed its Income Verification Express Service (IVES.) The service, which provides tax transcripts essential for processing mortgage applications for non-W-2 wage earners, was shut down, along with many federal government services, on December 21 and its workers were furloughed. The Mortgage Bankers Association took credit for the turnaround , saying it was its "successful advocacy" that got the IRS to restart the program. Robert Broeksmit, president and CEO of MBA said he took the appeal directly to Craig Phillips, a counselor to Treasury Secretary Steven Mnuchin. Broeksmit said he told Phillips "Look, this is staring to be a problem for the lending industry," and asked, "Could you make these...(read more)

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  • Secondary Marketing; Digital and Property Inspection Products; Radian's RADAR Rate Product

    Posted To: Pipeline Press

    My cat Myrtle has never flown coach. She doesn’t have the same complaint I have of airline workers who don’t seem to realize that “full” means full. For some reason they’ve created “completely full,” “extremely full,” “very full,” and, “full.” How did that change? Our industry is always grappling with change (as in alteration, not pennies and nickels), the latest being lenders having to shift their borrower’s expectations due to government paralysis. STRATMOR discusses this in its latest blog, “Home Financing Despite the Partial Shutdown .” Servicers and MBS investors are following regulators’ plea for financial institutions to work with borrowers affected by the government shutdown, along...(read more)

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  • MBS Week Ahead: Record-Breaking Shutdown and Data Darkness

    Posted To: MBS Commentary

    The government shutdown is now the longest ever, and there are a variety of interesting implications. The first is that multiple economic reports will not be released as scheduled. The notable examples in the current week include Retail Sales and the New Residential Construction report ( housing starts and building permits). An absence of econ data naturally increases uncertainty. In and of itself, uncertainty is good for the bond market , but investors will still have access to a few other economic reports that could help form a consensus about what the economy might be doing. Of those, the only reports on this week's calendar with any market-moving history worth mentioning are the Philly Fed Index on Thursday and Consumer Sentiment on Friday. To put their past market-movement potential...(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