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How it Pays to “Think Forward” When Buying

Thursday, March 31st, 2011

If you’re looking to buy a home that you can live in forever, you should consider future-proofing.

Future-proofing aptly describes the process of buying a home with an eye to the future.

It’s about where you are in your life and where you’re going.

Are you a twosome thinking about becoming parents? Are you a family with kids who will soon leave the nest? Or are you the savvy buyer looking for location?  In all cases, future-proofing is the way to go.

First, check for amenities that suit your current and future lifestyles.  If you’re family-conscious, that means more than establishing whether there’s a school nearby.  It means ensuring that there are lots of young families in the neighborhood, as evidenced by parked bikes, swing sets and toys.  You’ll want to make certain there are parks nearby, as well as libraries, recreation centers and cultural activities.  A daytime scouting trip should give you a feel for this, but as important is an evening drive.  Those charming bars and cafes that lend sophistication to a neighborhood in daytime may become sources of noise and mischief  night.

 Safety should be a key concern.  Can the kids safely walk to school? Are there bike lanes or a block parent program?  There should be sidewalks on at least one side of the road, maybe traffic calming devices and, of course, good street lighting.  Does the neighborhood feel safe?  While you might be happy that there are stores and restaurants in your new area, if you’re planning to be there for the long term, be sure to check with the city planning department to ensure that there are no upcoming unpleasant surprises, such as a new highway two blocks over.  Your real estate agent can help with this.

Think sustainability.  A neighborhood that preserves its natural assets and prizes green space will be a good place to live for a long time.  Old shade trees, big yards and gardens, and walking trails are not only environmentally sensible, but make the neighborhood a prettier place to live, now and in the future.

Tips for Getting that Real Estate Deal Done

Thursday, March 24th, 2011

Obtaining the services of a professional real estate agent is the first step in selling your home. In today’s tough economic times, though, every little bit helps. Following are five ways to reduce the risk of last-minute mishaps and get the deal done:

1. Make It Easy to Move: Small things can add up, especially when making a major move. Differentiate your property by offering to pay for secure storage, rental trucks or even a hotel room. Nearly everyone dreads having to move, so making it as easy as possible is a sure way to please even the most difficult buyer.

2. Pay for a Mini-Makeover: If the property is in need of a few repairs or upgrades, seal the deal by including funds, labor or supplies for a mini-makeover. It doesn’t have to cost a lot. For example, include a few gift cards and a couple of days of labor, help paint a room or put in new landscaping.

3. Offer Monetary Motivation: Provide an additional incentive to both the buyer and agent by offering a cash bonus for closing by a given date. You might be surprised how well this works, especially when trying to sell a home during the off season or other difficult time.

4. Entice Them With Incentives: Help prospective buyers control costs by including innovative incentives like a home warranty package or energy-efficient upgrades. A home warranty is a great way to provide additional protection against unanticipated expenses, especially when working with first-time homebuyers or others on a limited budget. Other attractive options include energy-efficient upgrades like new LED lighting, on-demand water heaters or new appliances.

5. Rent or Lease Options: Sometimes the property is perfect, but the timing isn’t. Instead of letting the entire deal turn sour, sweeten things up with the use of a well-executed lease. Allow the buyers to move in early if they need the home sooner than anticipated, or lease the property back from them if they need to delay a few months after closing. It’s a great way to create a win-win situation for everyone.

This Month’s Video

Wednesday, March 23rd, 2011