Mac Chinsomboon - Coldwell Banker Residential Brokerage



Posted by Mac Chinsomboon on 4/7/2019

Believe it or not, selling a home may prove to be expensive if you are not careful. However, if you understand the costs associated with selling a house, you can budget accordingly.

Now, let's take a look at three expenses that home sellers commonly encounter.

1. Home Repairs

Cracked siding, floor damage and other home issues are worrisome, particularly for an individual who wants to sell his or her residence as quickly as possible. Fortunately, if you budget for home repairs, you can address these issues before you list your residence.

Oftentimes, it helps to conduct a home inspection prior to embarking on the house selling journey. A home inspection enables a property owner to gain expert insights into any underlying problems with his or her house. Then, the property owner can prioritize assorted home repairs and complete house improvements as needed.

2. Home Cleaning

A messy home is unlikely to garner buyers' attention. On the other hand, an individual who hires a professional cleaning company to improve his or her residence's appearance may be better equipped than ever before to enjoy a successful house selling experience.

Hiring a professional cleaning company may be costly. Yet if you shop around for home cleaning companies in your city or town, you can find a cleaning business that matches your budget.

Don't forget that you can clean your house on your own, too. If you purchase cleaning supplies and enlist family members and friends to help you clean your residence, you could enhance your residence's appearance without breaking your budget.

3. Home Staging

The cost of staging a house varies based on the size of a residence, the extent of the staging and other factors. But if you allocate time and resources to declutter your residence, you may be able to avoid the costs associated with house staging altogether.

To declutter your residence, you should try to remove any unwanted items from your home. You can list these items online or host a yard sale to eliminate clutter and earn extra cash. Or, you can donate your unwanted items to a local charity or give them to family members or friends.

As you get set to sell your house, you may want to hire a real estate agent as well. With a real estate agent at your side, you can cut down on your house selling expenses and get the help you need to achieve your desired results.

A real estate agent understands that each house is different, and he or she crafts a custom strategy for each home seller. Next, a real estate agent and a home seller work together to put this plan into action. And if a seller ever has concerns or questions during the house selling journey, a real estate agent is happy to respond to them.

Plan ahead for home selling costs Ė you will be glad you did. Because if you budget properly, you can put yourself in a great position to streamline the home selling journey.




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Posted by Mac Chinsomboon on 2/24/2019

You may think of downsizing as something that makes sense when you have an empty nest. Larger families do, of course, need more room. Downsizing can also be financially strategic and rewarding for you and your family if you have the opportunity to do so.


How Much Is Your Home Worth? 


There comes a point in your life when the amount of money that your home is worth is very important. Maybe you need the money for retirement and are looking to move to a cheaper city or state. Maybe itís time for you to pursue your goals and dreams. Whatever the reason, your home is a very large asset.  


If you downsize, youíll have a bit more money available to invest for your future. You may even consider buying an investment property. If all of your money isnít tied up in a home, youíll have a bit more freedom to do other things with your money.


A Smaller Home Means Smaller Expenses 


When you downsize your home you end up with much lower expenses for your housing. Youíll save big on both utilities and home maintenance. Youíll be surprised as to how much extra cash youíll have each and every month that youíll be able to use for other things like investing, travel, or other expenses. Youíll have the ability to do things beyond simply achieve that one dream goal of home ownership. 


What If You Donít Already Own A Home?


Thereís a lesson to be learned here for renters as well. If youíre getting ready to buy a home, you may want to think small. A smaller home that can suit your needs will allow you to save thousands of dollars over the life of the mortgage on your home. Remember that a mortgage payment is more than just the cost of the home. Youíll need to include things like taxes, insurance, mortgage insurance, heating, electricity, and more. The smaller the house that you buy, the less all of these things will cost. Think of what you could do if you invested that extra money that you saved on all of these things each month. 


What Would You Do With The Money You Save?


Having a big, beautiful home is a fantastic goal to achieve. You may have other dreams that you want to pursue in addition to owning a home. While downsizing isnít for everyone, many people use the money they save to do some pretty incredible things like:


  • Travel
  • Go back to school
  • Buy a vacation home


The Negatives Of Downsizing


If you move into a smaller home, there are a few drawbacks. For one, youíll have less storage and will actually need to downsize your amount of belongings as well. Youíll also have less room for visitors if hey come to stay. If grandkids frequent your home, you may be hesitant to sell and find a smaller place. It may also be difficult to find what youíre looking for at a certain price in a specific area. Think carefully before you decide to downsize and see if it has the right benefits for you.





Posted by Mac Chinsomboon on 1/13/2019

Navigating the home selling journey can be difficult, regardless of whether you're an experienced or first-time property seller. Fortunately, we're here to help you limit the possibility of encountering home selling problems that otherwise may prevent you from achieving your desired results.

Now, let's take a look at three tips to help you avoid risks during the home selling journey.

1. Learn About the Housing Market

What sets your residence apart from others on the real estate market? Ultimately, if you allocate time and resources to learn about the local real estate sector, you can promote your residence to the right groups of prospective buyers.

Take a look at the prices of homes that are similar to your own and are located in your city or town. With this real estate market information, you can narrow the price range for your residence.

Also, check out the prices of recently sold houses in your area and find out how long these homes were available before they were sold. This real estate market information will enable you to determine whether you're about to enter a buyer's or seller's market.

2. Establish an Aggressive Price for Your House

An aggressive initial home asking price can be a difference-maker during the home selling journey. Because if you have an aggressive asking price in place for your home, you could boost the likelihood of a fast house sale.

Conducting a home appraisal enables you to understand the value of your house based on its age, condition and the current state of the housing market. This appraisal is performed by a property expert, and it may help you establish an aggressive initial home asking price from day one of the home selling journey.

In addition, it may be beneficial to complete a home inspection. If a home inspector analyzes your residence both inside and out, he or she can help you identify potential problems. Then, you can perform various home upgrades to boost the value of your home.

3. Remain Flexible

The home selling journey typically varies from seller to seller. However, if you remain flexible as you proceed along this journey, you may be better equipped than other home sellers to identify and address problems before they escalate.

If you require extra assistance during the home selling journey, you may want to hire a real estate agent as well. This housing market professional can guide you along the home selling journey and take the guesswork out of listing your residence.

A real estate agent will help you add your residence to the housing market, promote your house to potential buyers and set up open house events and home showings. Plus, if you receive an offer to purchase your residence, a real estate agent will help you review this proposal and make an informed home selling decision.

Avoid problems throughout the home selling journey Ė use the aforementioned tips, and you can quickly detect and resolve any potential home selling issues.




Categories: Uncategorized  


Posted by Mac Chinsomboon on 1/6/2019

If you're ready to sell your home, you may wonder if the time is right. Timing is truly everything when youíre selling a home. If you have some flexibility, it might be a good idea to wait to sell your home. Even with time constraints, there are a few strategies to employ that can help you find the sweet spot in your time frame.


The Month Matters


Itís widely accepted in the real estate community that the best time to sell a home is in the spring. Since people want to get moved in over the summertime, May could be the best month of the year to put your home on the market. 


Why Spring?


Springtime offers favorable weather conditions in most places. The good weather means that itís easy for buyers to get to open houses. Homes will also look more attractive with green grass and flowers blooming. Parents also want to get their kids settled into a new home and new neighborhood over the summer months before they start a new school. 


Competition


The favorable conditions along with the urgency of springtime buyers translate into more competition which equates to a better price tag for your home because buyers are willing to pay more due to the anxiety of wanting to find a place. 


The Day Of The Week Matters


Most buyers start looking for homes when they have free time which is generally on the weekend. That means the end of the week- preferably a Thursday- is a good day to pick to list your home. Homes that were listed earlier in the week will be farther down on the search page. Buyers will be more likely to see your listing first the later in the week that itís listed.   


Consider Your Needs


While timing is a good marketing strategy to sell your home, you need to go by your own timeline. If you need to move due to a job change or other life circumstances, you canít wait to sell. There are pros to selling during many different times of the year; it just may not be as busy or competitive on the buyerís side of things. Selling your home fast might not be a sure thing. No matter what time of year you decide to sell your home, just make sure itís inviting to buyers.         




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Posted by Mac Chinsomboon on 11/25/2018

Selling a home should be a fast, easy process. However, challenges may arise that prevent you from quickly selling your house and maximizing your property sale earnings. And if you fail to plan ahead for the home selling journey, these challenges may get the best of you.

Ultimately, there are several things you need to know before you list your residence, such as:

1. The housing market fluctuates constantly.

The housing market in your city or town may change frequently. Fortunately, if you allocate time and resources to analyze the local housing sector, you can determine if a buyer's or seller's market is currently in place and prepare accordingly.

In a buyer's market, there may be an abundance of quality houses that sell within weeks or months of their initial listing dates. Comparatively, in a seller's market, there may be a shortage of first-rate residences, and the best houses generally will sell shortly after they are listed.

To determine if a buyer's or seller's market is in effect, you should find out how quickly houses are selling in your city or town. You also should assess how your house stacks up against comparable residences that are currently available. With this housing market data in hand, you may be better equipped than ever before to succeed during the home selling journey, regardless of the current real estate sector's conditions.

2. Your home's curb appeal may have far-flung effects on your property selling experience.

How your home looks to buyers may dictate your house selling success. For instance, if your residence boasts amazing curb appeal, it may generate lots of interest from prospective buyers. On the other hand, if your house fails to impress buyers when they see it for the first time, your residence may linger on the real estate market for an extended period of time.

For a home seller, it often is beneficial to upgrade a residence's curb appeal. Because if you mow the lawn, trim the hedges and perform other home exterior upgrades, you could differentiate your residence from other available houses. As such, you could stir up significant interest in your home.

3. Working with a real estate agent may help you speed up the house selling journey.

A real estate agent is crucial for a home seller, as this housing market professional can offer expert insights into the property selling journey. If you need help establishing a competitive initial asking price for your residence, for example, a real estate agent is ready to assist you. Or, if you want to sell your home as quickly as possible, a real estate agent can help you do just that.

As you get set to list your residence, you should plan ahead. If you start preparing for the house selling journey today, you could enter the real estate market as a property selling expert. As a result, you could reap the benefits of a quick, profitable house selling experience.




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