Hosting your first open house in Farmington Hills is all about impressing potential buyers. Here’s how you can nail it. The words “open house” gets buyers excited like you wouldn’t believe. It’s the perfect opportunity for them to not just see the house up close and personal but also find out what others think about the house. This is the time for them to scope out the competition and see if the house is worth the price or not.
As the seller for your first open house in Farmington Hills, you need to make sure everything in the house is shape. With that said, one thing an open house presents is the opportunity to dazzle buyers. If you have a home for sale in Farmington Hills, a few simple steps can go a long way in getting the right price and selling the house quick. Let’s have a look at the five things that hosting your first Farmington Hills open house and impress potential buyers.
1. Time It Right!-Your First Open House In Farmington Hills
First things first, do not be hosting your first open house in Farmington Hills on holidays or any other national events. Chances are no one will show up. While weekends are best to host open house events they also work when planned for weekdays, only if executed the the right way.
While it is your house, trust your real estate agent to tell the buyers about the features of your house. They have been doing this for years and will be better at laying down any fears and questions to rest. From getting your house staged to communicating with buyers, inviting people to the open house and getting feedback, all is taken care of by the real estate agent. Sometimes, the presence of the homeowner makes the buyers uncomfortable in voicing their concerns. They are able to talk more openly with the real estate agent thinking that their comments might offend the homeowner.
3. Subtle Staging
Instead of renting furniture, use what you have to stage the house. Minor touch-ups like placing a flower bouquet on the dining table, a plate of cookies on the kitchen counter, an abstract painting in the hallway, a showpiece on the coffee table, etc, can add to the experience.
4. Send The Pets Away
If you have pets, then you know how smelly the house can get. Any kind of funky smell can make the buyer walking fast— straight out the door. Here’s what you can do to get rid of the smell:
- Send your pets to your neighbor’s house
- Hire a professional cleaning service for the carpet and couches
- Buy a dehumidifier and get rid of all the moisture in dank and musty areas
- Spray air freshener in every room, 30 minutes before the buyers start arriving
5. Stow Away the Valuables and Personal Belongings
Everyone wants their house to feel inviting and cozy but when hosting your first open house in Farmington Hills; you need to take down your personal belongings. Buyers like to visualize themselves living in the house and with your memories on display, they will be distracted. Moreover, there will be dozens of strangers in your house, which is why you need to store your valuables such as jewelry, checkbooks, cash and other things in a safe place.
6. Let Natural Light In
Always host your first open house in Farmington Hills early afternoon , when the sun is bright in the sky. Natural light will lend the house a warm glow, which will tug on the heart strings of the buyers. Make sure the curtains don’t squeak when opened and closed because you never know if the buyer will try to move or open them.
7. Highlight the Home’s Best Feature
Is it the deck in the backyard? Your garden with the built-on BBQ setting? The porch? For example, you can place some garden furniture in the yard and present it as a family setting for Sunday brunches and dinners.
8. Serve Refreshments
As soon as the buyer enters the house, greet them personally and then offer them a cup of coffee and cookies by directing them to the kitchen. A warm or a cold beverage and a sweet treat goes a long in getting the conversation started.
So, now you know why it is so important to make sure that your first open house in Farmington Hills goes smoothly. Those buyers who will be impressed will definitely call for a negotiation on your home for sale in Farmington Hills and that’s a great start.
No matter what task you are doing, a certain set of rules need to be followed, so that you can stay on the right path. Robin had Batman guiding him on how to seek justice the right way; Harry Porter had Dumbledore who always supported him with his unique magical powers and so on. Are you following us so far? So what do you do when you are looking for a home for sale in Oakland County, Michigan?
The home buying process has a lot of pitfalls that people cannot navigate on their own. So, who helps you get your dream house?
A real estate agent!
A real estate agent has plenty of skills such as knowledge about the real estate trends and the market, connections with the right people who will help you move further ahead in the process, long list of listings, information about comps and the ability to negotiate like a professional.
What to Look For in a Real Estate Agent
We understand that this is a huge investment and both your time and money is at stake. What most people do in these situations is take the FSBO route, which often results in a low ball offer. Forget about the commission because compared to it, the other expenses you will pay by taking this job yourself will be way higher.
So, the wise decision is to hire a real estate agent when looking at a home for sale in Oakland County, Michigan but not before you ask him the following ten questions:
Q1. When did you start working as a realtor?
Ans. Here, you are looking for the realtor’s experience. The longer he has been in the market, the better skills he will have in finding you a home for sale in Oakland County, Michigan. Make sure that the information he provides matches what was mentioned on his website.
Q2. Have you sold many houses?
Ans. If the realtor provides you with a number, then he has been active in the market. This person will know how to deal with complications through his experience.
Q3. Where are you licensed?
Ans. Do check with the state’s Real Estate Commission to make sure that the realtor is authorized to work in the area, which he claims.
Q4. When can I see the first house?
Ans. Speed matters and the answer to this question will tell you how often the agent will be in touch with you.
Q5. In which neighborhoods do you sell?
Ans. Make sure the client sells houses in the areas of your liking.
Q6. How much do you charge?
Ans. Find out if the realtor will ask for more money in case the negotiations run longer.
Q7. Can I talk to some of your clients?
Ans. Contact these clients and find out how the agent helped them during their home buying process.
Q8. How long will it take for you to show me a house with features that I requested?
Ans. The realtor should give you a time line from the time you sign him and to when he will hand over your new house keys.
Q9. Are there are any chances that I will get a home for sale in Oakland County in the neighborhood of my liking?
Ans. The realtor should be upfront with you at all times and not waste your time. Do follow his advice, if he thinks that something you are asking for is not possible.
Q10. Can you get me in touch with mortgage lenders?
Ans. This answer will tell you how well connected the realtor is in the industry.
You made it! Now, ask these questions from at least two more realtors and then pick the one you feel comfortable with. If you want to buy a home for sale in Oakland County, Michigan that falls under your budget and has all the features you need, then visit Homes2MoveYou. Get in touch with a real estate agent and start seeing houses in areas of your liking.
The neighborhood in which home buyers prefer in Oakland County is diverse and has much to do with the age of the buyer. The most important aspect of the Oakland County home buyers is the feeling of community and a feeling of belonging that appeals to all ages, especially millennial home buyers. In Oakland County we have many such neighborhoods where the community is tight-nit and the sense of belonging to part of the neighborhood is important and respected. For the millenial home buyers it is vital that they have nearby shopping, gyms and outdoor activities where they feel they can get things done in a quick and safe manner knowing they are part of the community in which they live.
The factors that influence a home buyer’s decision to buy a particular house in a particular neighborhood are very similar across demographic groups. After all, our lives are more similar than they are different. We all want to live in a safe neighborhood with access to things we want and need, like recreation and health care providers. However, depending on the age of the buyer, there are some are other neighborhood features, like schools, that may appeal more to a younger home buyer than an older one.
For that reason, the National Association of Realtors’ Home Buyer and Seller Generational Trends study takes an annual look at who’s buying homes, what kind of homes, and for what reasons. Lawrence Yun, NAR’s chief economist, says the results show there is one factor that appeals to buyers of all ages. “The sense of community and wanting friends and family nearby is a major factor for many home buyers of all ages,” Yun said. “Similar to Gen X buyers who have their parents living at home, millennial buyers with kids may seek the convenience of having family nearby to help raise their family.” In short, proximity to family and friends was important to buyers of all ages, whether they were millennials or baby boomers. More here.
Neighborhood Most Wanted
Whether you choose to live in a big city, a small town or somewhere in between, as a young professional, there are certain things that you’re going to want in your neighborhood that may differ from what other groups, like young families or retirees, are looking for.
If you’re a young professional and are thinking of buying or renting a new place, there are certain questions that you’ll want to ask yourself before making a decision on where to call home. Here’s a checklist for young professionals on the market for a new home of questions to ask that will ensure the home you choose will be the right fit for you and your needs:
What’s The Walkability Of The Neighborhood?
As a young professional, you want to have certain things right outside your door. Living in a walkable neighborhood can make the experience of living there more convenient and more enjoyable. It can also be a great way to meet your neighbors and start connecting with other young professionals in your new neighborhood.
When you’re looking at a property, check out what’s within immediate walking distance. Are you close to coffee shops, a grocery story or a park? Can you see yourself easily walking to run errands or get the things you need?
Now, walkability is more feasible in certain locations than in others. So, if you’re looking in a city or town that isn’t known for being very walkable, you’ll want to look at the convenience of the layout. Is the city or town center within biking distance or a quick drive away? Are all the stores, shops and food establishments centrally located, so once you get to that location, they are easy to navigate on foot?
The more walkable your neighborhood, the less driving around you’ll have to do, which will make your life significantly more convenient.
What Perks Does The Neighborhood Have That Will Fit In My Lifestyle?
When you’re choosing a neighborhood, you want to be sure that it offers the kind of lifestyle that suits you as a young professional. Most young professionals want to move to a vibrant neighborhood that has numerous opportunities to explore the culture, food, outdoor and entertainment scenes.
Keep in mind – virtually no neighborhood is going to have everything that you’re looking for. Make a list of the things that are important to your lifestyle and then use it as a guide when considering neighborhoods.
Are you a person that values the arts? Then you’ll want to move to an area that has a number of interesting museums, galleries or cultural exhibits. Got a passion for all things food? Moving to a place that has a thriving restaurant scene will make you feel right at home. Love being outside? Look for an area that’s full of hiking paths, bike trails, and outdoor fitness activities.
Figure out what kind of lifestyle you want to live in your new home and then find a neighborhood that embodies those values.
How Convenient Is The Neighborhood To My Office?
One of the defining characteristics of being a young professional is (obviously) involvement in the professional world. And when choosing a neighborhood, you want to be sure you choose an area that’s convenient to your place of work.
Now, this will mean different things to different people. Some people want to be able to open their door in the morning and walk to their office in less than 10 minutes. Others would prefer to live in a suburb and commute to the city on public transportation. Others are fine driving to and from the office.
Whatever situation you prefer is fine. Just be sure that the area you choose to live makes sense with your preference. Looking to take public transportation? Make sure your neighborhood has a transit stop nearby that will take you to your office. Prefer to drive? Make sure that you won’t spend hours every morning sitting in traffic en route to work.
How Will This Neighborhood Grow With Me?
Finally, when choosing a home and a neighborhood as a young professional, it’s important to remember that you won’t ALWAYS be a young professional. You want to choose a neighborhood that will grow with you.
This is especially important if you’re planning to buy, but even if you’re renting, you want to choose a neighborhood that will grow with you for at least a few years; no one likes to pack up and move their life every 12 months. Not only is it inconvenient, but it’s expensive.
When you’re choosing a neighborhood, look at it objectively and ask yourself “Will this neighborhood still make sense for me in 5 years?” If you’re planning on having a family, you might want to research the school system and check out if there are any parks or playgrounds nearby. If you’re young and enjoy going out to nightclubs, you might also want to see what other types of recreational activities the neighborhood offers for when clubbing loses its appeal.
Most great neighborhoods offer plenty to do, see and experience for people in all stages of life. Before you commit to a neighborhood, be sure it’s the kind of place that you can enjoy as you grow.
Asking yourself these questions before you settle on a neighborhood can help you make the best decision on the place that’s right for you as a young professional – and leave you enjoying that neighborhood for years to come.
When you buy a house in Oakland County, you’re not just purchasing a place to live,you’re also making an investment in the real estate market. Which means, as your home’s value grows, so does your equity. Equity, of course, refers to the amount a property is worth minus the amount still owed on the mortgage. Put simply, if your equity is growing, that’s good news for Oakland County homeowners. Which is why new numbers from the Board of Governors of the Federal Reserve System are encouraging. That’s because they show homeowner equity on the rise. In fact, the total value of homeowner equity has increased $1.2 trillion over the past year and reached $14.4 trillion in the fourth quarter of last year.
In short, that means homeowners are seeing the value of their Oakland County homes, and their investment, grow. Whether you’re a current homeowner or are about to become one, this is a positive sign – as it indicates that the real estate market is strengthening and offering Americans a good opportunity to find a place they can, not only call home, but also a good financial decision. Read More Here
Prices and Equity Increase Across Oakland County
Thanks to historically low inventory and an extremely competitive market, home prices across Oakland County have been steadily rising in recent years. And according to expert predictions, it doesn’t look like that trend is going to change in 2018.
According to CoreLogic’s recent Home Price Insights report, home prices are expected to increase by 4.3% in 2018. While that’s less than the 2016-2017’s year-over-year change, which came in at 6.3%, it’s still a significant increase. If you purchased a home for $200,000 today, that same home is projected to cost you an additional $8,600 by the end of the year.
Homes have steadily been getting more expensive, and they’re just going to continue to get more expensive in the upcoming year. Buying at the start of 2018 can save you thousands (even tens of thousands) of dollars vs. waiting until the end of the year to make a purchase.