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Top Real Estate Myths

by Glenda Daughety & Team

Many people think that since they once bought or sold a home that they know everything about real estate. True, you do learn a lot about the process when you buy or sell a home. But not everything. Plus, times change, and the rules of real estate change with them.  This can lead to inaccurate information being spread about how the real estate industry works.

What are some common real estate myths?

Real Estate Agents are Paid a Salary

Most real estate agents are well dressed, have nice vehicles, and do things that give the appearance that they have a steady stream of cash flowing in.  They don't. Most real estate agents are not paid a salary, unless they work for a brokerage that does so. Most or all of their income comes from actually selling a home and closing the deal.

Real estate agents usually pay for all of their marketing and materials out of their own pocket. The more money they spend, the more homes they are likely to sell, provided they spend it wisely on the right marketing. They also spend their time going through hundreds of messages and emails, doing research and giving advice, making many trips to the property for showings, and so on.

This isn't meant to make you feel sorry for real estate agents. It's all part of the job. The more time and effort an agent puts into helping clients, the more chance they have of selling a home.  But they only make that money IF the home sells.

A Home Can Pass or Fail Inspection

The purpose of a home inspection is to find any problems or potential future problems with a home. The home neither passes or fails an inspection. The inspection reveals if there are problems that need to be addressed when the home is purchased, along with a summary of the age of key systems.

Zillow and Trulia Know Everything

Zillow and Trulia are certainly powerful tools when looking to buy a home, and useful for getting a good idea of the lay of the home and neighborhood. But they do have their limits. That's why working with a local real estate agent is important.

It's Better to Overprice

Overpricing a home is never a good strategy. Some sellers think that if they price the home higher than the intended asking price, then they'll be more likely to get the price they want.

That's not the way it usually turns out. What really happens is that the home takes too long to sell and you end up chasing away prospective buyers.  In fact some may not even want to look at the house at all because you priced it out of their search range. Remember that many people look for homes using a maximum price range on the internet, so your home may not show up in their search at all if you price it too high.

We invite you to check back on our blog every week for more great real estate advice, along with articles about the great reasons to buy a home in Baton Rouge. You can also search for your dream home now using our convenient home search tool. And make sure to follow us on Facebook for the latest real estate updates for Baton Rouge and the surrounding area.

Should You FSBO?

by Glenda Daughety & Team

Are you planning to sell your home in Baton Rouge? In this current real estate market some home sellers may think it’s a good idea to sell their home on their own. This is known as a For Sale by Owner (FSBO). Is selling your home as a FSBO a good idea?

Here are the top five reasons why selling as a FSBO is not the best idea:

1. Exposure to Prospective Buyers

Real estate agents have typically been in business for years and have spent thousands of dollars on marketing strategies designed to sell homes quickly. That’s how they make a living. Do you have a marketing strategy and network that will expose your home to the most sellers? And sorry, putting up an ad on Craigslist or Facebook doesn’t even come close. An effective agent can expose your home to buyers across the country, or even the entire world? Can you?

2. Results Come from the Internet

Where did buyers find the home they actually purchased?

49% on the internet

31% from a Real Estate Agent

7% from a yard sign

1% from newspapers

94% of buyers found their home from a method other than a FSBO seller. Putting a sign on the front lawn will only expose your home to maybe hundreds of people. Agents using the internet can expose your home potentially to millions of people. Which method do you think is more effective?

3. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale by Owner:

The buyer who wants the best deal possible

The buyer’s agent who solely represents the best interest of the buyer

The buyer’s attorney (in some parts of the country)

The home inspection companies, which work for the buyer and will almost always find some problems with the house

The appraiser if there is a question of value

4. FSBOing Has Become More Difficult

Do you love doing tons of paperwork? If so, then selling a home by yourself will be perfect for you. But if you’re like most people, you don’t love doing tons of paperwork.  So in that case, let someone else do it. And there’s more paperwork to be done now than ever, due to industry disclosures and regulations having become mandatory. This is why the percentage of people who sell as FSBO has dropped from 19% to 8% over the last 20+ years.

5. You Net More Money When Using an Agent

It may seem as if you’re saving money by selling your home on your own because you’re not paying the seller’s commission. But the fact is that the seller and buyer can’t both save the commission.

A study by Collateral Analytics revealed that people who sell as FSBOs don’t actually save anything, and in some cases, may be costing themselves more. Using an agent will expose your home to more buyers, and as such the greater the chances are that there could be a bidding war. The study showed that the difference in price between comparable homes of size and location is currently at an average of 6% this year.

Why would you choose to list on your own and manage the entire transaction when you can hire an agent and not have to pay anything more?

We invite you to check back on our blog every week for more great real estate advice, along with articles about the great reasons to buy a home in Baton Rouge. You can also search for your dream home now using our convenient home search tool. And make sure to follow us on Facebook for the latest real estate updates for Baton Rouge and the surrounding area.

Spruce Up Your Home to Sell This Summer

by Glenda Daughety & Team

The best time to sell your home are the Spring and summer months in Baton Rouge. What can you do to get your home ready for this hot market?  Your home needs to sparkle, to stand out from the competition.  Buyers want a home that looks loved.  And the great news is that it won’t cost you an arm and a leg to make this happen. Here’s a few tips.

1. Pressure-washing

Grim grit can build up on your home during the winter, so removing it can make a huge difference. Renting a pressure washer is an affordable way to do this. Make sure that the pressure washer setting is strong enough to remove the dirt without lifting the paint or splinter the wood. It should cost around $80 a day to rent a gas-powered pressure washer.  Or better yet, spend a little more to buy one for later use in your new home.

2. A Pretty Porch

The first thing a buyer will usually see is your front porch. Your porch speaks volumes about how you care for the rest of the home.  Pat Vredevoogd Combs, a former National Association of Realtors®  president based in Grand Rapids, Michigan says he hears buyers say: “‘If they can’t keep up the outside of the house, what are they hiding on the inside?’” It won’t cost more than the price a good cleaning and maybe some potted plants to spruce up your porch.

3. Clean Outside Windows

Cleaning your outside windows is easy and inexpensive if you use a cleaning product that attaches to your hose. Just spray the solution on the glass, and then follow with a rinse spray. Then just simply let it dry or squeegee it.

4. Paint the Front Door

In addition to your front porch, your door is also an important piece of architecture on your home. Sprucing it up with a fresh coat of paint will do wonders. If you use a premium one-coat exterior paint, it will reduce time and money as it doesn’t need a primer. Also use a semi-gloss as opposed to high gloss, as high gloss will reveal imperfections. All of this will cost about $35.

5. Shiny New Numbers

Get rid of those old small hard to read numbers. Shiny and bold numbers will definitely make a difference.  5 inch tall numbers are a good place to start. Pretending you’re someone trying to find the house number that’s never been there before is a good way to find the ideal location to place them.

6. Porch Lights

Your porch light has probably never been replaced or cleaned, so now is a perfect time. Go with a contemporary finish like black, brushed nickel or oiled brass. And if you’re out of money, try using restoring wipes like Rust-Oleum or Rejuvenate to renew surfaces.

Just these few simple and affordable steps can help you sell your home faster and make more money.  So why not start now? Check back on our blog for more home selling and buying tips. You can also search for your dream home now using our convenient home search tool. And make sure to follow us on Facebook for the latest real estate updates for Baton Rouge and the surrounding area.

How to Have a Successful Home Inspection

by Glenda Daughety & Team

Buying or selling a home in Baton Rouge is a big decision. Making educated choices during this time is important. A good home inspection if an important part of that process. A home inspection will determine the condition of the home and help you decide if buying the home is a good investment, or if the seller needs to make repairs before you purchase it.  A good home inspection will let you know what problems need to be addressed right now before the home is sold, and what potential issues that may need to be dealt with later.

What are some important things to consider when getting a home inspection?

Research the Inspector

Many people hire whoever is recommended to inspect your home and neglect to check the inspector’s background and references.  But doing this can lead to costly oversights in the inspection. Remember that a home inspection can only be as good as the inspector.

Here are some important questions to ask a potential inspector:

  • How long have you been inspecting homes professionally?
  • How many home inspections have you performed in your career?
  • What are your qualifications, certifications and training?
  • What did you do for work before you were a home inspector? (Preferably, you want someone who was a contractor or builder.)

Also is the home inspector you’re considering receiving ongoing education and keeping current? A qualified inspector should be skilled enough to clearly explain the home’s good and bad points so that you can make the best decisions possible.

Be There During the Inspection

You aren’t required to be at the inspection, but if you are there you can see the issues first hand and have them explained more clearly.  Any good inspector will welcome your presence. Reading the report doesn’t always reveal all that needs repairing.  When you see the issues in person and have the home inspector explain them, it will be far more helpful.  Even though an inspection may take a few hours, it’s well worth your time as it could save you a great deal of money.

Get a Presale Inspection

If you’re selling a home in Baton Rouge, you may be tempted to just let the buyer have the home inspected. But as the home seller it’s better for you to have an inspection before you put your home on the market.  This way if repairs are needed, you’ll have more time to make them before you put the home on the market.

Get Photos

Any good inspector will have a camera, perhaps even an infrared or thermal camera. This way they can provide proof of the repair and show you areas of the home you don’t want to follow them in, such as crawlways and attics. Thermal cameras will also reveal hidden issues behind walls.

A good home inspection is crucial to buying a home, so make sure you find the best inspector you can. Make sure to check back on our blog every week for more real estate advice and Baton Rouge attractions. You can also search for your dream home now using our convenient home search tool. And follow us on Facebook for the latest real estate updates for Baton Rouge and the surrounding area.

Remodeling Done Right

by Glenda Daughety & Team

Remodeling your home in Baton Rouge‚ÄčIf you plan on selling your home in Baton Rouge and are remodeling it first, no doubt you want to make sure the project goes smoothly.  The people you hire to help you certainly have most of the affect on how fast a project goes.  But you can also affect the timeline as well, either speeding it up or slowing it down.  If you follow these tips, you can have a big impact on how fast the project gets completed. And contractors will go out of their way to please you.

Be Realistic

No doubt you've been watching TV shows or browsing the internet for great ideas to transform your home. But not every idea is going to work for your home. It's easy to get the wrong impression about aspects of the construction and remodeling process just based on what you see on the screen. You really need to consult with an expert to get a realistic view of what can be done. 

Know What You Want

Make sure you make solid decisions before construction starts.  Changing your mind mid-construction  can delay the project and cost you more.  Make sure you plan and budget as much as you can beforehand.  Your home is a complicated structure.  You can't just easily undo or change project. Sure, changes happen during remodeling.  But you can keep those changes to a minimum by knowing what you want.

Set Up a Staging Area

If you have a space for your pro to keep tools and materials handy, that will also speed up the process. It takes time to set up and remove tools every day. The less time it takes to set up, the more time they can spend on your project. And make sure the area is secure from theft.  Tools and materials are costly and can be hot items for thieves.

Be Timely

Don't delay important decisions with hard deadlines.  This not only affects the scheduling for your remodeling, but for the contractor's other clients. It can also cause delays for acquiring materials. In the end, both you and your contractor are responsible for keeping on schedule.

Get Out of the Way

Sometimes eager homeowners can get in the way. Being involved is fine.  But hovering over the workers can be distracting, even annoying, and delay the project.  You hired professionals, so let them get the job done.  Perhaps you can do a weekly or twice weekly walkthrough with them.  This way the project will be done sooner.

Remodeling your home can be a rewarding experience, especially if you help your contractor with the tips above. And if you're remodeling your home to sell in Baton Rouge, let us help you decide which projects will get the best return on your investment and sell your home faster. Join us on our blog every week for more real estate advice and follow us on Facebook for the latest Baton Rouge real estate news.

Should You FSBO?

by Glenda Daughety & Team

If you’re planning on selling your Baton Rouge home, perhaps you’ve considered selling it without an agent. Some people are under the impression that selling their home on their own will yield more money. Is that really the case? Now of course you would expect a real estate agent to tell you to not FSBO a home, otherwise known as For Sale by Owner. Yes, a real estate agent will make money, but not just for them, but for you as well. In fact, you’ll likely get more money from the sale. Why? Because an agent will know the Baton Rouge real estate market and you’re home’s true value.  They have the connections and the experience to get the most from the sale.

Consider the humbling truth that selling a home is the largest transaction that most people will ever make. Selling a home takes experience and knowledge of the industry.  And it’s not just about the money. There’s the legal considerations, mortgages, tons of paperwork, and a wide variety of people to negotiate with.

Ask yourself this question: Do I have the same experience in selling a home as an agent? Just consider the paint we made about who you have to negotiate with. Here’s just a sample of some of those people:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company if there are challenges
  • The buyer’s lender if the structure of the mortgage requires the sellers’ participation
  • The appraiser if there is a question of value
  • The title company if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality if you need to get the CO permits mentioned above
  • The buyer’s buyer in case there are challenges with the house your buyer is selling
  • Your bank in the case of a short sale

The amount of sellers who have hired an agent has risen over the past 20 years.  They have in general made more money from the sale of their home with and agent and found the process to be much easier. Glenda Daughety and her team can help you get the most from selling your home in Baton Rouge.  Call today at 225-291-1234 to see how we can help you sell your home and get the most from the Spring selling season.

More Great Ways to Stage Your Home to Sell

by Glenda Daughety & Team

More Great Ways to Stage Your Home to SellLast week we talked about some simple home staging ideas to get you on the way to selling your home faster in Baton Rouge. That’s only the beginning of all the ways you can stage your home to sell faster.  What are some further ways you can get the edge on the Baton Rouge home selling competition? Here's some advanced tips that can help.

Open the Closets

Closets are important, so get ready for buyers to look inside them.  Make sure you do with your closets the same as you did the rest of your home.  Put items you don’t need right away in outside storage or get rid of it altogether. Have at least 20-30% open space to give the impression of them having more room.

Add Style to the Dining Room

When decorating a home, the dining room can often get overlooked. Empty tables can look unwelcoming, so add some style with a series of small vessels down the center of the table.  Try to stay away from one large item in the center as this can look too stiff and formal.

Bring Balance

Last week we discussed the importance of cleaning and de-cluttering. It’s now time to take that clean slate and selectively bring back some items that will add class to your home. You can use tasteful decor such as a vase of cut flowers, a bowl of lemons by the sink, or perhaps some fresh produce on the kitchen counter, preferably from a local farmers market in the Baton Rouge area.

Look at the Floors

Clean floors are another huge factor in making your home appealing. At least, all the carpets should be professionally cleaned. If your hardwood floors are showing their age, you should get them refinished. And if you can't afford to refinish them, try adding some carefully placed area rugs.

Symmetrical Furniture

A symmetrical placement of furniture works best, especially in an arrangement that creates a conversation area.

The best time to start staging your home and getting it ready to sell in Baton Rouge is now.  Glenda Daughety and her team can help you get the most from selling your home in Baton Rouge.  Call today at 225-291-1234 to see how we can help you sell your home and get the most from the Spring selling season.

Stage Your Home to Sell

by Glenda Daughety & Team

It can take a lot to sell a home. Many home sellers in Baton Rouge decide to hire a professional to help with staging their home.  But you don’t always need to spend money on a professional staging. There are certainly things you can do on your own to make your home appeal to more buyers.  In the end, you home will sell faster and have more potential to sell for a higher price. Here’s a few tips that can help.

De-Clutter

It may seem obvious to remove clutter and clean up your home. This really is one of the most important ways to stage your home.  Get rid of items you don’t use regularly along with daily clutter.  Not only will this make your home cleaner now, but will help speed things up when you move. You need to make your home sparkle like never before.  And for sentimental or valuable items, think about storing them in an outside storage unit (not in the garage or shed as they need to see those clean as well).

Curb Appeal

First impressions are lasting impressions, and when it comes to selling your home, they can be costly impressions. When it comes to real estate, sometimes you can tell a book by its cover. Many times, the outside reflects the inside. Some buyers will just drive on by if the outside looks bad.  So make sure the yard is clean and maintained.  Add a fresh coat of paint to the siding and trim.  Gleaming hardware and a few potted plants also help. Power wash the walkways and driveway. Also think about investing in new roofing if it’s showing its age.

Do a Walk-Through

Try to see your home with new eyes by doing a walk-through from the buyer’s perspective.  You can see not only what needs cleaning, but things that need to be changed. What could be removed to make the room look bigger? Could you change a solid door with a French door to let in more light? Do the kitchen cabinets need new hardware? Even simple changes can make a huge difference.

Other things you can look at in your home are making sure your foyer is clean and clutter free, making the rooms more generic and versatile, find ways to let in more light, cleaning the fridge and organize the cupboards.

The best time to sell your home in Baton Rouge is now.  Glenda Daughety and her team can help you get the most from selling your home in Baton Rouge.  Call today at 225-291-1234 to see how we can help you sell your home and get the most from the Spring selling season.

4 Reasons to Sell Your Home in the Baton Rouge This Spring

by Glenda Daughety & Team

4 Reasons to Sell Your Home in Baton Rouge This SpringAre you planning on selling your home this Spring in Baton Rouge?  If so, you’re on the right track. That’s because Spring is an ideal time of year for home sales. But that’s even more the case this year, as the Spring selling season promises to be even better than normal.  There are forces in play in the Baton Rouge real estate market that make this the case.  Here are the top 4 reasons why selling your home this Spring is such a great idea.

  1. Strong Demand

The National Association of Realtors Buyer Traffic Report indicates that buyer traffic is strong in Baton Rouge. More people are ready, will, and able to buy a home right now.And the more buyers, there are, the more competitions there is. That could mean more money for you.

  1. Less Competition

There are fewer homes for buyers to choose from, as inventory has been dropping for over a year. If you’ve been building equity in your home, that’s great news. But this good news is not going to last too long. The average number of years that homeowners stayed in their homes has been around 9-10 years since 2011.This was due to the previous negative equity that kept many homeowners from selling.As values rise, more people will sell.So that means that the longer you wait, the less you could get for your home.

  1. The Process Will Be Quicker

Getting preapproved for a loan is one way that buyers stand out in the market.Buyers are more likely to know what they want and how much they can spend, which really speeds up the process for everyone.

  1. Time to Move Up

Are you planning on moving into a better home?The good news is that higher priced homes are actually selling for less due to a higher inventory in the higher price ranges. So if you’re selling a starter home, your home will sell more quickly and you’ll be more likely to find a premium home.

The best time to sell your home in Baton Rouge is now.  Glenda Daughety and her team can help you get the most from selling your home in Baton Rouge.  Call today at 225-291-1234 to see how we can help you sell your home and get the most from the Spring selling season.

How to Sell Your Home to the Younger Buyers

by Glenda Daughety & Team

‚ÄčIt makes sense that when you sell your home, it will no doubt be to someone younger.  It's been getting easier for young families and professionals to buy a home.  So when it comes to staging your home, you need to keep the younger buyers in mind.  How can you make your home appeal to this growing market?  Here's a few tips.

Use Neutral Colors

Buyers under 40 are not really into the gold or pink walls any more.  Think about painting the walls a more neutral color.  This will allow potential buyers to envision their own accent colors and furniture to make it their own.

Open Up the Shower

Open showers are all the rage. Younger buyers aren't as attracted to the old tub and shower configuration. If you have it in your budget, consider remodeling your bath to include an open shower design.

White Cabinets

White or off-white cabinets not only brighten up the kitchen, but the younger buyers are more attracted to it.  They don't want to be reminded of mom's old dark cabinets.  You might try Benjamin Moore's Advance paint, as it requires little prep work.

Stainless Steel Appliances

Old appliances can be a big turnoff for younger buyers.  Many love stainless steel appliances, and for good reason.  If you have it in your budget, consider updating your appliances if they look dated.

Updated Countertops

Young buyers really love granite and stone countertops.  But keep it simple.  Don;t go with busy designs.  Black countertops or designs that are simple are the best.

Displaying blog entries 1-10 of 18

Contact Information

Photo of Glenda Daughety Real Estate
Glenda Daughety
RE/MAX First
4750 Sherwood Common Blvd
Baton Rouge LA 70816
225-205-2672
225-291-1234
Fax: 225-612-6422

 

All information and pictures on this website are copyright protected.

Glenda Daughety & Team
RE/MAX First
Office: 225-291-1234
Cell: 225-205-2672
4750 Sherwood Common Blvd
Baton Rouge, LA 70816
Each Office Independently Owned and Operated
Licensed Realtor in the State of Louisiana by the Louisiana Real Estate Commission


Glenda Daughety, Team Leader

Michelle Copeland, Buyer Specialist

Ashley Daughety, Buyer Specialist / Stager Decorator

 

 

 

 

 

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