Selling a House That Has Flood and Drainage Problems

If your house is going on the market and has drainage problems, you’ll want to fix them before buyers come to look at the house. Nothing puts off buyers like water damage problems.

House FloodingHouse Selling Tips: The selling of any house these days can be quite a challenge. When anything negative has happened to the house it can be even more difficult. Flooding, whether from excess rain and poor drainage to broken pipes indoors, can quickly turn into a black mold problem, which is indeed a health hazard and must be dealt with.

If there is an area around your foundation that tends to pool up when it rains heavily, fix it before you put the house on the market to avoid future problems that you could be sorry you didn’t take care of sooner. Besides just black mold, as though that isn’t damaging enough, water build up can undermine the very foundation of the house.

Water erodes even the hardest of mountains, so taking pieces of your cement foundation or causing cracks is reasonable expectation. Buyers may notice the pooling and will avoid purchasing your house as there is a universal fear among buyers of flooding and water damage whether it comes from a leaking roof or from underneath the house and seeps in.

Check the gutters to see that they are clear and free from debris. Note the way the water goes as it descends the downspout. Watch where it goes from there and if it tends to lean toward the house, purchase a downspout extender. Plastic rollups are available that simply unroll themselves as water drains through them, and then roll up once the gutters quit draining.

To help channel water away from your house’s foundation, take a good look next time it rains.

  • Find out where water tends to pool. Use a can of marking spray paint or rocks to mark the places that need drainage help.
  • Dig a small trench through the pooling area and send the water off in a different direction.
  • Be sure you don’t aim it at your neighbor’s house, however. Toward the street or other natural drain area is a good idea.

You can keep the channel as a new landscape feature by filling it with decorative rock to make it look like a stream and plant water plants and flowers along the edge. Add a small bridge and you have a magical yard to enjoy until someone buys the house. If you don’t wish to create a landscape feature, just fill the trench with gravel and the water should travel along it to the desired runoff target instead of toward the house.

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If your house is going on the market and has drainage problems, you’ll want to fix them before buyers come to look at the house. Nothing puts off buyers like water damage problems. House Selling Tips: The selling of any house these days can be quite a challenge. When...

First Time Home Buyers Have Changed

First Time Home Buyers Have ChangedThe look of the first time home buyer has changed. It’s no longer just the newly married couple, but might indeed be an older couple that has rented a townhouse in the heart of the city or a single executive wishing to invest.

New Orleans Houses Buyers: The first time home-buyer of past decades isn’t quite the same as they are today. In the past, a first time home-buyer was typically a newly married couple or a couple who rented for awhile while saving up for their first house. They didn’t have children yet, or had just one small youngster and might have had another on the way. That was then. Now, the first time home buyer might have a number of different circumstances and therefore will be not as easy to spot.

Today’s first time buyer, because of the strained economy and changing family dynamics, might be older than the picture perfect young newlyweds. They could be older and unmarried, but wish to leave the city rental scene and buy something with more charm. They want a place of their own and are now willing to commute to the city for their executive jobs. Being older and professional, they will be more discriminating where cost and condition of the house is concerned. That’s one scenario that might surprise you.

You may have an older married couple come to look at your house in the suburbs and find that they have never bought a house before as they raised their family in the city and rented a flat near schools, city parks, and cultural experiences. Now their children are grown and they want to try the country life where things move slower and fresh air abounds.

The young families that do come to see your house as first time buyers will not be naive in the ways of finances and large purchases. They will be interested in such details as contingencies in the contract and upgrades to the house in exchange for giving the seller a bit more time to move out and give them access to the keys. They’re savvy. They also don’t want the same features as their parents may have wanted.

Today’s first time buyers are looking for less in the way of formal rooms with single use. They aren’t as interested in buying a house with a formal dining room as they are in finding one with a great home office that doubles as a guest room or den. The extra bedroom might be used as a media room complete with built in speaker systems and multimedia players with electrical service to match. More of today’s first time young buyers are also keeping their homes longer, so the house must be expandable when they begin to raise their families.

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The look of the first time home buyer has changed. It’s no longer just the newly married couple, but might indeed be an older couple that has rented a townhouse in the heart of the city or a single executive wishing to invest. New Orleans Houses Buyers: The first...

Increase Your Home’s Appeal to Drive-By Buyers

Three Steps to Selling a HouseThe way the house looks on the outside is critical for those buyers that choose to drive by and have a sneak peak at the house you have listed. Give it a quick cleaning up and keep it neat and attractive at all times.

Kenner Louisiana House BuyersWhen people are looking for a home to buy, they often drive around in their target neighborhoods and look for homes that may be for sale. When they drive by your house, will they be impressed with how great it looks? Will they think that yours is the cutest house on the street? If it’s just a house with nothing special about it, you can improve on that with a little creativity and effort. It will make a difference, as curb appeal is one of the best ways to sell a home.

 When they drive by your house, will they be impressed with how great it looks?

Whether you are selling your house through a listing you have placed online or just by placing a ‘for sale by owner’ sign on the lawn, you will want the first look at the house to be impressive. First impressions do, indeed, make a difference. Listing your house online or with MLS your interested parties will certainly want to drive by at some point. The house should have something attractive about it that creates a definite memory.

The yard that has piles of trash and toys strewn about will make buyers remember it for certain. They’ll remember that they can cross that house of their list. Make sure you keep the front and back yards picked up and neatly trimmed. The lawn should be mowed regularly and the flowers and shrubs must be trimmed and look good. Think about planting some colorful flowers around the house if you don’t already have any. Yellow is the color that pops according to professional home sellers, but any live flowers will make a difference. Pull the weeds from the flower beds and reseed or sod bald spots in the lawn. Take extra care to make sure the grass looks good this year.

  • First impressions do, indeed, make a difference.
  • Make sure you keep the front and back yards picked up and neatly trimmed.
  • Think about planting some colorful flowers around the house if you don’t already have any.

Check the look of the house from afar. Step out into the street and look around. Does the roof look like it has been cared for or are there broken and missing shingles? Is the paint decent looking, or is it chipped and peeling off in spots? Paint is one of the cheapest fixes that make the most dramatic impact. Some buyers will take a drive by your house after dark. Since you never know when someone will be taking a look, have the house well lit outside and with at least a light or two on inside. Keep the outside areas swept and looking sharp at all times as you never know when someone will be coming down the street to have a look.

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The way the house looks on the outside is critical for those buyers that choose to drive by and have a sneak peak at the house you have listed. Give it a quick cleaning up and keep it neat and attractive at all times. Kenner Louisiana House Buyers: When people are...

What’s an Appraisal All About?

Sometimes it is wise to hire your own appraisal before placing your home on the market. You’ll avoid surprises and be aware of any major problems you need to fix before listing the house.

Slidell Louisiana House BuyersGetting an appraisal is something that is done by the lender to assure that the house loan the buyer is asking for is indeed the value of the house. That’s the typical scenario. Under some circumstances, though, you as a seller might want to pay for an appraisal before you place your house on the market. This will help you to price the house correctly the first time so you don’t find yourself changing the asking price during the selling process.

If the buyer’s lender sends an appraiser to your home, you will want the house to be at it’s best to get a good appraisal report. It will help the loan process as the lender must be confident the correct amount of money is being loaned for that property. They also want to know that if the buyer defaults, they have a tangible piece of property that will hold its value so they can resell it if necessary to recoup their money.

If the buyer’s lender sends an appraiser to your home, you will want the house to be at it’s best to get a good appraisal report. It will help the loan process as the lender must be confident the correct amount of money is being loaned for that property.

Here’s what to expect. The appraisal report will include the details of the home, the details regarding the neighborhood and its condition, comparisons of homes similar to yours within the same area, a current evaluation of the current market values and the real estate market in general, and it will include an assessment of any major issues that exist on the property.

  • Professional appraisers are to give an objective outlook and should not favor either party in their report.
  • Getting your own fresh appraisal before you sell your house is a good idea to help you put the right price on the house.
  • You can address any big issues with the property that will make it easier to sell.

Professional appraisers are to give an objective outlook and should not favor either party in their report. The report will reflect the appraiser’s personal and professional opinions of the aspects of the report. You can get a copy of the appraisal. Some like to obtain the appraisal done on their property when they bought the house, but the market has changed so much in recent years that it might not be relevant today. Federal law does require your lender to provide you with a copy, though, if you want one.

Getting your own fresh appraisal before you sell your house is a good idea to help you put the right price on the house. You can address any big issues with the property that will make it easier to sell. Knowing what to expect from a lender’s appraisal after you’ve hired your own can help you to avoid unpleasant surprises that some homeowners face when their asking price doesn’t line up with the bank’s idea of what it’s worth. That calls for an unexpected drop in price if you wish to go through with the sale.

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Sometimes it is wise to hire your own appraisal before placing your home on the market. You’ll avoid surprises and be aware of any major problems you need to fix before listing the house. Slidell Louisiana House Buyers: Getting an appraisal is something that is done...

Avoid Foreclosure At All Costs

Avoid Foreclosure At All Costs

“If a lower monthly payment will help you, see what you can do about making that happen.”

We Buy Houses – New Orleans LA: Avoiding foreclosure is the best action if you can manage it. Your credit will hold a foreclosure for years, so anything you can do to avoid it is preferable. If you can walk away from your house with your mortgage paid off you might save your credit so you can own once again in the future. [..read more..]

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“If a lower monthly payment will help you, see what you can do about making that happen.” We Buy Houses – New Orleans LA: Avoiding foreclosure is the best action if you can manage it. Your credit will hold a foreclosure for years, so anything you can...

Look for Prequalified Buyers to Avoid Trouble

You can ask the buyer to prove that they are prequalified for a loan before your contract negotiations proceed.

Fast House Selling – Harahan LA: The buyers of today have an advantage over sellers. They have lots of choice and are able to get homes for much less than even the current market value might be at the time of purchase. Since the advantage is on their side, make sure you protect yourself as a seller to avoid problems with the sale when it comes time to close the deal and exchange keys. Many people are seeing the low prices of homes all over the country and are looking to buy.

That doesn’t mean they are all qualified to obtain mortgage loans. The one thing that is more of a challenge to buyers today is the loan process. Banks have tightened up their criteria and aren’t giving loans out so easily as they were a few years ago. Since your buyer will need a loan to complete the purchase of your house, you can ask them to prove that they are prequalified for a loan before your contract negotiations proceed.

“A buyer can get a prequalification letter from the bank or mortgage lender that sees their income and financial health and believe that they will be able to do business.”

One of the most common deal breakers in today’s housing market is the buyer that doesn’t qualify for the loan needed to pay for your house. After so many months on the market and all the trouble you’ve gone through to get the house sold, it can be very frustrating to think you’ve finally sold the house only to have it fall through on closing day. The closing should be your best day in the whole sale process, but can become the worst day if you end up having to start all over again trying to sell the house. A buyer can get a prequalification letter from the bank or mortgage lender that sees their income and financial health and believe that they will be able to do business.

Don’t be shy about asking for this letter from potential buyers as it has become commonplace. The information will tell you that the buyer can get as much as is needed to buy your house. A pre – approval letter will be another form of proof that a lender has checked the buyer’s credit report and income information and says that the buyer may indeed be eligible for a loan that will cover the cost of your house when they complete a full application. These are great tools that you can use to avoid the pitfalls of selling to someone who will not be able to get a loan and will therefore be unable to follow through.

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You can ask the buyer to prove that they are prequalified for a loan before your contract negotiations proceed. Fast House Selling – Harahan LA: The buyers of today have an advantage over sellers. They have lots of choice and are able to get homes for much less...