Davis Jenkins

The Perfect Home VS The Perfect Deal

Should your next home be a Resale purchase or a new build?

I recently received a question from one of my viewers named Dan. Dan and his wife bought a home in 2013, but now they want to live on a more private piece of property that will age with them. 

Since it's difficult for them to find a home that meets all of their must-haves and is located on private property in their area, he's wondering if they should buy land themselves and build a new construction home or wait for the right home to come onto the market. If he did buy land and build, how would the financing work? 

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Jason Wilson

4 Things to Avoid When Selling

If you hope to sell your home in 2017, there are four things you should definitely avoid. 

1. Over improving the home. If you want the best price for your home, updates and improvements need to be made. However, over improving could hurt your sale. For example, you could put in a $40,000 pool, but an appraiser will probably only give you $10,000 in value for it. That's why we do a free consultation to let you know exactly what improvements need to be made to increase value and ensure top dollar for your home. 

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Davis Jenkins

How to Price your Home to Sell

When the time comes to sell your house, pricing it is one of the most important factors. 

You have to start by determining what it's worth, which is a process that has many factors of its own. Many people are emotionally attached to their house, but the bottom line to remember is that numbers are unemotional and they don't lie. When evaluating a property, we'll consider:

1. The neighborhood: If possible, we only want to compare the house to properties in the same neighborhood. If you deviate from the area, you want to go no further than a mile out if possible. For rural properties, you might have to go as far as five miles out. For homes in a subdivision though, you want to look at similar homes. Some subdivisions might only have four or five specific models of home. You'll look for comparable properties that have sold in the last 90 days if possible. If not, the last six months. You can go back as far as a year in an up market like we're in here in Woodstock. If you can't find a similar model that has recently sold, you'll look at properties with similar square footage, similar features, and similar age. 

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Jason Wilson

Be careful when making upgrades before selling your home – NOT EVERY REPAIR IS SMART

Today I'm answering a question about home renovations, specifically the appropriate renovations to make while getting your home ready for the market. 

This is a very loaded question, one we could probably do a three-hour class onHowever, the short answer is that it depends. First, it depends on your area. We want to step outside of your home and take a look at the surrounding area. We will compare your home to the other properties nearby to see what features they have. 

You don't want to fall into the trap of over improving. Any fix will increase a home's value, but it doesn't mean that every repair will get you a dollar for dollar return. If you see eight out of the 10 homes for sale around you have brand new shingled roofs and yours is outdated, you probably should invest in a new roof. Conversely, if only one home in the area has a new roof, you are probably better off not replacing it. However, each individual case is different. 

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Davis Jenkins

3 Tips to Increase your Home's Value

If you are planning on selling your home, here are a few simple, inexpensive things that will help you increase your home's value: 

1. Declutter your home.This is a low or no cost task that helps you make money. When staging your house for the market, remember, less is more. The bigger your home feels, the better. Make sure the countertops are clear. If you aren't sure whether something should stay or go, you can always call us for help. In most cases, if you're uncertain about a piece of furniture, it should probably go. Yard sales are a great way to get rid of things that you don't need anymore. Not only is decluttering very profitable, it's also very freeing.

"When staging your house, remember, less is more." 

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Jason Wilson

Which Loan Product is Best for your Home Purchase?

What type of loan are you going to use to purchase a home? Different loan products come with different benefits, so today, I'll go over a few different options: FHA, VA, USDA, and conventional loans. 

Of course, the loan that you go with depends on your individual situation.

Two common loan options are conventional and FHA loans. Conventional loans require 3% down and FHA requires 3.5% down. So, the conventional loan does have a slightly lower down payment. However, in order to qualify for the 3% down conventional loan, one of the parties involved in the transaction has to be a first-time homebuyer. Otherwise, you will have to go with a 5% down conventional loan.

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