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Are Foreclosure Becoming a Rare Sale?

by Yvette Betancourt 

According to CoreLogic, foreclosure inventory continued to shrink in April.  24% down from last year.  The shadow of foreclosure and distress continues to fade.  Six states have year-over-year declines in the foreclosure inventory of more than 40 percent, and one of those states is  California.  How much of decline?  How about 50 percent. 

In today's market, standard sales have become the norm.  Every now and then you can spot a foreclosures/shortsale property.

5 Easy and Budget-Friendly Tips to Get Your Home Ready to Sell

We can all learn a little something from professional home stagers.  I know I can! 

To stage or not to stage? It's a sensitive subject to homeowners.  Do you allow someone to move your furniture and personal items to appeals the general public of buyers? For me, it almost implies that the home you’ve been living in quite comfortably isn’t actually good enough for everyone else. 

The truth of the matter is that we can all learn a little something from professional home stagers. The good news is that many of these things are easy to do and budget-friendly to boot!   

1. Declutter and Get Organize

The number one rule of home staging is to get rid of all clutter. The best way to do that is to have a designated place for everything whether it's file boxes in the office or storage jars in the kitchen. 

TIP: This task can seem daunting (which is why there are probably companies you can hire to do this for you) but if you think of tackling one room per weekend you could have a well organized and clutter-free house by end of summer. 

2. Freshen Up with Paint

Home stagers will tell you that in order to have the best chance of selling your home you should choose neutral paint colours that appeal to a wide spectrum of buyers. There is no denying that a freshly painted house seems cleaner, brighter and more welcoming. 

TIP: If it's been a few years (or decades!), you might want to consider a touch up. You’ll be amazed at what a difference a little paint can make. 

3. Rearrange Furniture

Oftentimes, all it takes to revitalize your home is a simple reshuffling of the existing furniture. Don’t be surprised if your home stager tells you to move some of your items into storage and distribute what's left around the house. 

TIP: In order to create more space and flow you might want to remove some of the chairs from your dining room and add them to your living space. Conversely, you might take an occasional chair from your living room and place it in the hallway. See what rearranging your own furniture can do for your space. 

4. Add Decorative Touches

The role of a good stylist is to add those small decorative touches that turn a ho-hum space into something intriguing and dynamic. 

TIP: Take a look through your closets and see what accessories you have that could make your place look a little more pulled-together. Look for items that are either all in the same colour palette or the same shape. Repetition is key!   

5. Create Zones

Potential home buyers like to imagine their life in your space. By creating distinct zones of eating, relaxing, studying, playing and working, you allow them to envision a harmonious day-to-day routine in their new digs. 

TIP: Take the time to walk around your house to see if there are any spaces that are not being used to their full potential. Try to think as a stranger -- what would bother you if you weren't already totally used to it? 

Are you thinking of selling? Contact me, Yvette Betancourt, for a complimentary home value.

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One Cool Thing - Financial Perks of Homeownership

shared by Yvette Betancourt