March 2018 Newsletter - Brainerd Lakes Area Real Estate
Engage Interested Buyers and Sell Your Home this Spring
If you’re set to list your home and are ready to give us a call, we look forward to it! As we say goodbye to the cold, brown winter days and hello to the return of spring, we also enter the busiest season for real estate. None of these tips are absolute must-do items to sell your home, but they are great steps to engage interested buyers this spring.
SPRING CLEANING CURB APPEAL
After a long Minnesota winter, the slightest glimmer of Spring makes us giddy for all the things we love about warmer weather. If you’re selling this spring, it’s important that you spruce up the outside of your home to attract buyers. The goal is to create the setting so that buyers can envision themselves in the home; a night barbecuing on the deck, playing with their kids in the lawn, or relaxing on the beach. There are a few simple things you can do to help buyers envision these things instead of seeing the ugly remnants of winter.
1. Remove fall leaves from your lawn and garden areas
2. Pressure wash your deck, walkways, front step
3. Add fresh mulch, especially to areas directly visible to buyers
4. Place fresh potted flowers on the front step
5. Mow the lawn
6. Put out your summer patio furniture
If you’re on the lake, remember to clean up your beach and lakefront area of debris as well.
DEEP CLEAN THE CARPETS
Stains and smells from the past year or past several years can be a big turn-off for buyers. You will be amazed at how deep cleaned carpets will make your home feel fresh and clean. The best part is you can rent a carpet cleaner from most major home improvement retailers and probably many local ones as well. Or, you might be lucky enough to have a friend willing to share his/her carpet cleaner.
BRIGHT, LIGHT AND FRESH
Make your home attractive for the spring season and put away all signs of winter decor. This can be as simple as putting out flowers (faux flowers work too!), bright sofa pillows and light curtains that let light in. IT also means you can start packing, by putting away some of your excess decor that isn’t needed. The less the better, since clutter can distract buyers.
HIRE A REAL ESTATE PROFESSIONAL
Find a real estate professional that knows the area, has years of experience and can give you a solid plan for selling your home. We are real estate leaders in the Brainerd lakes area and would love to work with you to sell your home this Spring. Call us today at 218-820-7355 or email us at firstname.lastname@example.org.
Buy Now Before Interest Rates Increase
Interest rates have slowly but steadily increased in the last four years, and that continues to be the trend this year. Interest rates are forecasted to increase in the coming months, which should give you a sense of urgency if you are considering a home purchase in 2018.
With the Spring market just getting underway, more homes will be listed and give buyers the chance to pick up a home before interest rates increase again. The consequences of waiting may mean you must find a smaller home, expand your desired area or look for homes with a smaller price tag.
Interest rate increases can add up substantially over time. Based on an example from Realtor.com, a $300,000 house with a 30-year fixed-rate mortgage and 20 percent down payment, the difference between a 4 percent and 5 percent mortgage rate is $142 a month. If you calculate that over the life of the 30 year loan, that is more than $51,000 extra.
A great option if you know you’ll be buying in the near future is to lock in with a lender. This guarantees the current interest rate for a set period of time. This is especially helpful if you’re looking for a lake home as we are just beginning to see the lake home market wake up. Over the coming weeks, we expect to see an influx of listings.
An interest rate increase is a sign of a healthy market, but for buyers, a lower interest rate is always more appealing. It’s a great time to buy in the Brainerd Lakes Area, and we are happy to discuss your options with you. You can call us at 218-820-7355 or email us at email@example.com.
A Highlight of Sold Homes in 2017
Preparing Your Home for Sale this Spring
Happy New Year! If you made the decision this winter to sell your lake home in 2018, congratulations! That is the first big step toward preparing your home to sell. After a short hibernation for winter, the spring lake home market starts waking up at the beginning of the year. It is important to get in contact with a Realtor soon, so that you can discuss listing details, and get your home on the market to meet eager buyers.
We’ve provided a few reminders to reference as you move forward with the sale of your home.
1. Find a Trustworthy, Experienced Realtor
2. Get a Market Analysis of your Home
3. Ready your Home for Sale. Clean everything!
4. Set your Listing Price
5. Be Flexible
This will Make for a More Enjoyable Home Selling Experience. After the New Year, many lake home buyers are already doing research online and checking out available homes for sale.
If you’re ready to discuss the sale of your home, we are happy to assist you in the process! We provide one of the most comprehensive online experiences for the Brainerd Lakes area, so please feel free to visit our website to see what is happening with the market now.
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