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How to get the Most Money when Selling Your Home

How To Get The Most Money When Selling Your House | Keeping Current Matters

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

1. Price it a LITTLE LOW

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

How To Get The Most Money When Selling Your House | Keeping Current Matters

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. In that way, the seller will not be fighting with abuyer over the price, but instead will have multiple buyers fighting with each other over the house.

Realtor.com, gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This too may seem counter intuitive. The seller may think they would net more money if they didn’t have to pay a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

Research posted by the Economists’ Outlook Blog revealed that:

“The median selling price for all FSBO homes was $210,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $151,900. However, homes that were sold with the assistance of an agent had a median selling price of $249,000 – nearly $40,000 more for the typical home sale.”

How To Get The Most Money When Selling Your House | Keeping Current Matters

Bottom Line

Price your house at or slightly below the current market value and hire a professional. That will guarantee you maximize the price you get for your house.

 

Posted by Debbie Cook | | Discussion: No Comments »

Adorable, Cute as a Button House for Sale – Columbia MD 21046

kindler just listedSweet House for Sale – Village of Kings Contrivance – Columbia, Md.  21046

This Adorable Home is filled with charm from the Hardwood Floors, Crown Molding and Wood Burning Stone Fireplace to the gleaming white “eat in” kitchen with Plantation Shutters.

There is a fantastic huge “All Season” Sunroom addition with a little deck off the Kitchen overlooking a picket fenced backyard

Cape Cod Columbia MDThere is a spacious First Floor Master Bedroom with hardwood floors, crown molding and attached Full Bath. Additional 2 Bedrooms with Hardwood Floors and Full Bath are upstairs.

Nestled in a quiet Cul de Sac of the popular Convenient Columbia, Maryland Neighborhood of the Village of Kings Contrivance.  This house is steps from the vast interconnecting hiking, walking, running, biking trails, woods, streams and parks of Howard County.


There are Great Howard County Schools and an abundance of Shopping and Recreation choices!

Visit this Home’s Property Website

HouseColumbiaMd.com for lots more Photos and Information

Virtual Tour 7392 Kindler Road, Columbia, Md 21046 – $330,000

Posted by Debbie Cook | | Discussion: No Comments »

Rustic Rural Woods – Springbrook Forest Neighborhood Silver Spring Md 20902

road in springbrook forestA rustic wooded neighborhood with 1+ acre lots. The Springbrook Forest neighborhood has a rare, uncommon setting for homes in the bustling Silver Spring area.  With all the mature tall trees, no streetlights and no sidewalks the community still has that a rural feeling.  There are  just a few roads in Springbrook Forest, they are “long and winding roads”, like a road through a deep Enchanted Forest.  This is a neighborhood for people who are serious nature lovers and want a guiet, private setting for their home yet still have the convenience of being close to transportation, shopping, good schools and a Metro Station!

Part of the Kemp Mill Area, Springbrook Forest is a unique subdivision tucked away off of Kemp Mill Road in a forested area that is surrounded by Northwest Branch Park.

Springbrook Forest was subdivided in the 1950’s by George J Moss. His idea was for people to build their own custom homes on these beautiful heavily wooded acre plus lots.

Most of the homes in Springbrook Forest reflect the contemporary mid century modern style most popular in the mid 1950’s through the 1960’s and were custom built.
Parts of Springbrook Forest are still on Septic Systems.  Springbrook Forest is on acreage that was originally a MICA Mine in the Kemp Mill Area.

There are 119 lots in Springbrook Forest.

There are only 2-6 Home Sales in Springbrook Forest every year.  In 2015 there were 4 Home Sales ranging in price from a low of $460,000 to a high of $740,000.

Nearby:

Gorgeous Wheaton Regional Park
50 Acres of Beautiful Brookside Gardens
Horses! – Wheaton Riding Stable
Westfield Wheaton Shopping Mall
Red Line Metro – Glenmont Metro Station
Kemp Mill Shopping Center

Posted by Debbie Cook | | Discussion: No Comments »

Takoma Park MD – Another Wild Hot Year for Real Estate Sales

Founded in 1883, by Benjamin Franklin Gilbert, Takoma Park was developed as a “summer resort” area, as a healthful alternative to Washington, DC’s malarial swamps.  With a population of approximately 18,000 it rests along the upper northeast boundary of D.C.   Takoma Park in Montgomery County has it’s own city government, police department, library and is served by Montgomery County Schools
Takoma Park (Also known as Tacky Park, Granola Park, Berkeley of the East and People’s Republic of Takoma Park) is the perfect “bedroom community” for professionals.  It is a 15 minute commute to the middle of Downtown D.C. by Metro from the Takoma Station on the Red Line.

 

Victorian in Takoma Park MDTakoma Park is one the HOTTEST Pockets of Real Estate in the DC Metro Area!

In 2015 there were 144 sales of Single Family Detached homes in Takoma Park, Montgomery County, Maryland:

The Average LIST price for a single family home in Takoma Park in 2015 was $581,051

 

The Average SOLD price for a single family home in Takoma Park in 2015 was $589,152

The Average Sold Price for a home is over the average asking price by over 8,000.

 

In 2015 the Average Days on the Market for a single family home in Takoma Park, MD was 43 Days.

LOWEST Sale Price  –   $152,000 for a 3 Bedroom, 1 Bath, 3 Level  Brick Colonial in need of rehab – built in 1947.

HIGHEST Sale Price  –  $1,175,000  for a Magical 5 Bedroom, 4 & 1/2 Bath restored 1900’s Victorian on a 1/2 Acre Lot with 4 finished levels.

          Search all Homes for Sale Now in Takoma Park, Maryland, 20912

Posted by Debbie Cook | | Discussion: No Comments »

The Paczki are at The Woodmoor Bakery!

Paczki-PaczkisThe Tuesday before Lent the time to indulge or Fatten up before tightening belts and giving up things for Lent, which starts on Ash Wednesday.  It is the Fat Tuesday associated with Mardi Gras and it is the Shrove Tuesday associated with Pancake Suppers or Pancake Day.

Tuesday February 9th is also Paczki Day, a Polish tradition of making and eating Paczki the day before Lent starts.

The best place to get Paczki in Silver Spring, is at the Woodmoor Bakery/Pastry Shop in the Woodmoor Shopping Center at Four Corners.  They make the most divine, decadent Paczki anywhere in the area.  They are the filled, rolled in powdered sugar type paczki and they are GOOD.

Here’s Hoping the Paczki are plentiful, there is no long line and they don’t run out!

Check out reviews of the Bakery and the Paczki at the Woodmoor Pastry Shop.

Woodmoor Bakery
10127 Colesville Road
Woodmoor Shopping Center
Silver Spring, MD 20901
(301) 593-7667

* The Woodmoor Pastry Shop also makes fantastic King Cakes for Fat Tuesday Mardi Gras Celebrations

Posted by Debbie Cook | | Discussion: No Comments »

Tips for the Summer Silver Spring, Takoma Park & DC Home Seller

Sell your home this summerSpring kicks off the peak home hunting months of the year, but it isn’t until summer that things really get cooking. While there are pros and cons to buying and selling homes at various times throughout the year, summer can be, on average 25 to 30 percent more active than the annual average.

In summer you have a real mix of buyers and sellers… some serious and some not-so-serious. In the winter months, many buyers searching for homes would only do so if they absolutely had to. In the summer, there are often a larger number of buyers just toying with the idea. (Many of the serious buyers are eager to get settled before school starts in the fall.)

Selling homes in the summer requires its own brand of seasonal marketing and showing. Here are a few tips you’ll want to keep in mind as you invite buyers to consider your home:

 

  1. Keep it cool, but don’t keep it dark. Your instinct may be to close the blinds and draw the drapes, but making your rooms feel dark and shut-in is counterproductive. Run the A/C and keep the air circulating. While your wallet may not appreciate the bump in your power bill, imagine how expensive it can be to keep the house on the market.

 

  1. Stage it inside and out. Have a pool deck? What about a garden patio? Make them as inviting as you would the living room or kitchen. Stage them appropriately and tell the story of what it might be like to live with such nice amenities. Think magazine photo shoot!

 

  1. Make the lawn sing. Curb appeal can be king in the summer months, especially when the neighbors’ lawns may be looking a little brown by comparison. Find bright flowers that can withstand the heat and provide a high-contrast to your green grass.

 

  1. Ride the sunset. With the longer daylight hours, you may have buyers who want to check out your home closer to dinner time, once the hottest hours of the afternoon have passed. Try and roll with the disruption… buyers prefer to see a home when the owners aren’t around.

Take advantage of the summer sales activity! I’d be happy to guide you on the buy or sell side of this white hot market . . .

Posted by Debbie Cook | | Discussion: No Comments »

Silver Spring MD Community Pools and Swim Clubs Now Open for 2015 Season

Memorial Day Weekend has passed and the various Silver Spring Neighborhood and Community Pools are now OPEN for the season! With school out and the mercury rising, a neighborhood swimming pool is the perfect place to while away those hot, humid summer days we have here in Silver Spring, Maryland.

PoolCommunity spirit, the roar of the crowd and the excitement of youthful competition all combine at a neighborhood swim meet. What better way to spend a summer evening than gathering around your local pool in a group effort to be part of an event that promotes fellowship and fun.  Swim Teams in Community Pools of Silver Spring , compete as division members of the Montgomery County Swim League(MCSL).  Being a member of a swim team in Silver Spring is a great way for kids to make friends at the pool, share a teambuilding experience, and compete in a healthy, active sport over the summer.  Some of the pools also have Dive Teams that compete in the Montgomery County Diving League.
Most of the Pools in Silver Spring  offer great Family Oriented Social Events such as Pool Camp Out night, Ice cream socials, pizza night, teen night, family movie night, float night, talent shows and more.

Check out this list of links to some of the best Silver Spring Neighborhood Pools and Swim Clubs:

Northwest Branch Pool – Home of the Northwest Branch Dolphins Swim Team

Glenwood Recreation Club – Home of the Glenwood Tigers Swim Team and DiveTeam

Calverton Swim Club – Home of the Calverton Chargers – Also has a Dive Team, Volleyball League, Horseshoes and Basketball Court

Forest Knolls Pool – Home of the Seahawks Swim Team

Daleview Pool – Home of the Daleview Swim Team

Franklin Knolls Pool – Home of the Gators Swim Team

Hillandale Swim and Tennis Association – Home of the Hillandale Hellcats Swim Team – Also offers 2 Lighted Tennis Courts, a practice wall and Tennis Camp

West Hillandale Swim Club – Home of the Dolphins Swim Team

Twin Farms Swim & Tennis Club – Home of the Twin Farms Tigers Swim Team, Dive Team, Tennis Team and Tennis Camp

Robin Hood Swim Club – Home of the Robin Hood Swim Team – Also has a Dive Team and Tennis Team

Kemp Mill Swim Club – Home of the Kemp Mill Kangaroos

Parkland Swim Club – Home of the Parkland Whales
Tucked away from the hustle and bustle of the commerical area just off of Arcola Avenue. this is one of the oldest Montgomery County Swimming Pools.
Beautiful Setting with mature shade  trees near Wheaton Regional Park and Sligo Creek Park.

Tanglewood Community Swim Center – Home of the Tanglewood Tigers Swim Team – This community center is located in the middle of the Tanglewood neighborhood and includes a large open field, playground and tennis courts

Connecticut Belair Swim and Tennis Club – Home of the Connecticut Belair Gators. This Swim and Tennis Club has recently been fully renovated and is spectacular.  Lots of water fun here with big slides and raft day on Saturdays.

Posted by Debbie Cook | | Discussion: No Comments »

The Paczki are at the Woodmoor Bakery Now!

The Tuesday before Lent the time to indulge or Fatten up before tightening belts and giving up things for Lent, which starts on Ash Wednesday.  It is the Fat Tuesday associated with Mardi Gras and it is the Shrove Tuesday associated with Pancake Suppers or Pancake Day.

Woodmoor-Pastry-ShopTuesday February 17th is also Paczki Day, a Polish tradition of making and eating Paczki the day before Lent starts.

The best place to get Paczki in Silver Spring, is at the Woodmoor Bakery/Pastry Shop in the Woodmoor Shopping Center at Four Corners.  They make Donutthe most divine, decadent Paczki anywhere in the area.  They are the filled, rolled in powdered sugar type paczki and they are GOOD.

Here’s Hoping the Paczki are plentiful, there is no long line and they don’t run out!

Check out reviews of the Bakery and the Paczki at the Woodmoor Pastry Shop.

Woodmoor Bakery
10127 Colesville Road
Woodmoor Shopping Center
Silver Spring, MD 20901
(301) 593-7667

* The Woodmoor Pastry Shop also makes fantastic King Cakes for Fat Tuesday Mardi Gras Celebrations

Posted by Debbie Cook | | Discussion: No Comments »

78th Annual Pancake and Sausage Dinner next Tuesday at Colesville – Silver Spring, Md Church

This coming Tuesday February 17, 2015 is Shrove Tuesday. Shrove Tuesday or Pancake Day, is the day before Ash Wednesday, (the first day of Lent) it is celebrated by the cooking and eating of Colesville United Methodist Church - Silver Springpancakes, a last feast before the fasting and self denial of Lent.  Many Silver Spring area churches will be having a traditional Pancake Supper or Dinner.

This year marks the 78th Year of the Biggest most popular and well known Pancake and Sausage Dinner at Colesville United Methodist Church in Silver Spring, MD   Since the 1930’s, the Colesville Methodist Church has been having annual  pancake and sausage supper for the communtiy.  This event is well attended by people from all over, not just people that live in Colesville/Silver Spring.  Back in the 1930’s, all the food was donated by area farmers and the dinner was Free.  
pancakes (1)

78th Annual Pancake and Sausage Dinner
From 5:00 to 7:30pm
$8.00 Adults – Kids under 12 – $5.00
Colesville United Methodist Church
52 Randolph Road
Silver Spring, Maryland 20904
(301) 384-1941

Posted by Debbie Cook | | Discussion: No Comments »

Do Homes Expire? Understanding Functional Obsolescence

Can a perfectly useful home “expire”? The answer is yes. If you’ve never heard of “functional obsolescence,” now’s a good time to familiarize yourself with the term.

Sometimes a perfectly nice home in fine shape simply won’t sell. Fresh paint, fine curb appeal, a solid neighborhood… and no offers. Sellers are baffled and irritated. “But I’ve been living in this tv obsoletehome ten years! There’s nothing wrong with it!”

Often the culprit is “functional obsolescence.”

Never heard of it? You’re not alone. Investopedia defines it this way: “A reduction in the usefulness or desirability of an object because of an outdated design feature, usually one that cannot be easily changed. The term is commonly used in real estate, but has a wide application.”

Functional obsolescence can creep up on a home owner, as when a built-in technological feature is no longer useful. Some homes in the 1970s and 80s had old solid-state intercom systems for communicating between rooms. What was cutting edge then is a retro eyesore now. Built-in entertainment center kiosks or furniture are also a good example of this.

Home owners can introduce functional obsolescence with poor renovation choices. Renovations should always be made with an eye on the possibility that a home will be sold down the line, but occasionally an owner will ignore this. Take, for example, the massive kitchen renovation which takes an unreasonable bite out of the living room or a 4 Bedroom House with only 1 Bathroom

Inconveniences an owner has put up with over the years can be classified as functional obsolescence as well. If you have a second floor without bathrooms or a bedroom which must be accessed by walking through another bedroom? That’s a design flaw that can bite you when it’s time to sell.

Neighborhoods can introduce a degree of functional obsolescence as well. When an smaller, older home on a large lot is dwarfed by modern homes with more space, the home itself may lose appeal or value in buyers’ eyes.

Old-ComputerSome other items that render a home functionally obsolete and may be deal breakers:

Posted by Debbie Cook | | Discussion: No Comments »

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