How To Remodel A Lakeland Fl Home to Increase Its Value?
If you are planning to remodel your Lakeland Fl home to sell it, here are some pointers you could add in to your budget to make your remodeling more cost effective and to increase the value of your home:
1. Go easy on appliances. Don’t go overboard, especially with kitchen appliances. Don’t get carried away when you remodel. Instead, think about the buyer’s perception. An expensive stove may increase your investment but maybe not the perception of the buyer that your kitchen is state of the art. What is important is the kitchen functions as well as it looks.
2. Add functionality to areas of the Lakeland Fl home. Adding some more thought to your plans will go a long way. You could add large drawers in the kitchen for more storage space for pots and pans. Adding shelves also increases the storage space in your home. You will always find something to improve in your home that will be useful and of value to the potential buyer.
3. Add character. Adding character to rooms could be as simple as adding a little color. You can add stylish tiles next to your kitchen countertop. Adding or lessening light in the room can dramatically change the look and feel of the room.
4. Check on your remodeler. If you hired a builder to remodel for you, make sure that you are getting a fair price by shopping around before remodeling. Make sure they use sturdy and quality materials that do not easily break, burn, stian, weather, or fall apart. You could also investigate the remodelers past projects as well as license and insurance. Communicate regularly with the remodeler and make sure they are doing exactly what they are told to do.
Remodeling your home could spell a big difference in selling your Lakeland Fl home for the price you want. Remember that the highest perceived value for a buyer is getting a place where they can have a great time with their family.
Before you put your home on the market, be sure to get a comparable market analysis from your here.agent and asked the questions that are listed by clicking
Another article worth reading is, “A Guide to Staging your Lakeland FL Home for Sale“
How Your Lakeland Fl Home for Sale Can Compete With Short Sales and Foreclosures?
Recently I was meeting a homeowner in a community where there were quite a few homes listed as short sales and foreclosures. Foreclosures in this community where flying off the shelves so to speak, so the home owner asked me, “How can your Lakeland Fl home for sale compete in a market dominated by short sales and foreclosures?
First, you have to know that your Lakeland Fl home for sale’s market value is directly affected by distressed properties in your neighborhood.
Appraisers now pay close attention to the number of closed sales of distressed properties as well as those that are currently listed. What is a regular seller supposed to do to compete?
Pricing a regular home for sale in Lakeland Fl against short sales and foreclosures is a mix of science and emotion. You have to be able to think both like a seller and also a buyer. It doesn’t really matter how much you think your Lakeland Fl home for sale is worth if the buyer does not agree.
Here are three questions to help guide you in pricing your home for sale in Lakeland Fl:
1. What would make the buyer choose your home over a short sale or foreclosure?
2. Why would the buyer’s lender appraise your Lakeland Fl home for sale higher than a short sale or foreclosure?
3. How much more is your Lakeland Fl home for sale worth than a distressed property?
You may be surprised with your answers. You will find out that your Lakeland Fl home for sale is worth not much more than a foreclosure, even with all the upgrades you add in. Appraisers don’t really care too much about upgrades anymore. If all the recent sales in your area are short sales or foreclosures, then it will greatly affect your home’s value even with equity.
Home buyers now are looking for bargains, that’s why short sales and foreclosures sell. Even if they need a bit of repair, buyers think they will still end up with a good bargain. If your Lakeland Fl home for sale with equity is in good shape and priced within the range of distressed properties, then buyer will most likely choose your home over the short sales and foreclosures.
One very useful tip is to examine comparable sales of short sales and foreclosures in the neighborhood over the past 3 months. Make sure to compare apples to apples. Pay attention to homes with similar square footage to your home for sale, within 10% more or less from your home. Compare homes with similar ages.
Once you get the values of comparable sales, make sure to price your Lakeland Fl home for sale among distressed properties a little below market value. This will drive more offers to your home, with more buyers trying to outbid each other and eventually bringing your sales price higher in the end.
Lakeland FL Home for Sale – 601 Fox Lake Drive
Lakeland FL home for sale located at 601 Fox Lake Drive. Great starter 3b/2b home with a large enclosed screened in lanai and fenced in back yard. Living room/dining room combo – split floor plan. Newer A/C with heat pump and newer architectural shingle roof – well maintained.
Located in North Lakeland, the home is close to shopping, dining, entertainment, schools, parks and much more. North Lakeland has many valuable aspects and while I have traveled the roads of Lakeland, each location and each neighborhood brings value and its own characteristics to the city of Lakeland, which why I call Lakeland as“there is no place like home”.
Lakeland FL Home for Sale – 601 Fox Lake Drive
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Questions to Ask A Lakeland Fl Agent
I am sure you know several real estate agents, whether you follow them on Facebook, Twitter, or Google+, have a friend who is an agent or you are related to a real estate agent. Whether you are selling or buying a Lakeland FL home, you should consider interviewing several real estate agents before deciding on whom you should hire. You would not want to work with just any agent. Let me tell you a secret, I do the same thing….I select my sellers and buyers I want to work with.
FYI: Don’t interview agents from the same company.
A Lakeland Fl agent is vital in the home selling process since they will help you set the right price for your home based on comparable sales in the neighborhood and guide you all the way through closing.
Here are a few important questions to ask a Real Estate Agent
1. What is your Marketing Plan or Strategy?
Your Lakeland Fl agent must be able to show you a written marketing plan which shows where they plan to advertise the listing and how they will help you prepare your Lakeland Fl home for sale. Excluding a sellers’s or a buyer’s market, a good selling agent should be able to negotiate a price close to or at the listing price and a competent buyer’s agent should have a record of selling below list price. If you are a seller, you should ask the following:
- How do you market online?
- Is direct mailing campaign appropriate for my home?
- How will you sell my home?
- Where do you advertise?
As a buyer, you should ask:
- Will you search for homes that meet my criteria?
- Will I compete against other buyers?
- How many homes can I visit before making a decision?
- How do you handle multiple offers?
- Do you handle foreclosures and short sales?
2. How many sales have you made since last year?
An agent with a strong record of closed home sales will give you a higher chance of a successful sale of your Lakeland Fl home.
3. What neighborhoods do you cover?
Your agent should be very knowledgeable in your neighborhood, understand your target market, and have techniques and strategies to sell your home properly.
4. How long have you been in the real estate business?
Hiring a real estate agent with experience does count. There could be situations where it can mean the difference between how to handle sticky situations to ignoring them. An experienced agent should recognize signs of potential problem before the deal falls apart. I would recommend a minimum of at least 3 years.
5. Can you provide me with references?
Every real estate agent should have references, even newer agents should have a referenced perhaps from the previous employer. Ask to see the references and how are they related to the agents. More importantly, ask if you can call the references.
6. How often will you communicate with me?
It is a sad situation when you receive an offer from your agent and it takes a few days the agent finally returns your call. Your agent should be able to give you weekly or daily updates. He or she should reply to you within a short period of time either via phone, email or text if you have questions. It is essential to call the agent’s references and ask about the communication they had with the real estate agent.
7. Is your commission negotiable?
You should know that all real estate commission is negotiable. Generally, real estate agents charge a percentage of 1% – 4% on one side of the transaction – a seller or a buyer. For example, a listing agent may charge 3% for herself and another 3% for the buyer’s agent for a total of 6%.
8. What sets you apart from the competition?
I’m sure agents will fire away and list: Honesty, Trustworthy, Integrity, Negotiation skills, Friendly, Available. But everyone will say the same thing. The best answer for me is repeated record of satisfied customers, assertive – don’t take no for an answer, he or she possess strong communication skills and has great online marketing skills.
9. May I be able to review the documents/agreements?
If you are a seller, ask to see a listing agreement, sample purchase agreement and seller disclosures upfront and ask questions that you don’t understand. For a buyer, ask for the buyer’s broker agreement, a sample purchase agreement and buyer’s disclosure upfront. Make sure the agent let you cancel the agreement and are there any fees associated with a cancellation.
10. What questions haven’t I asked that I need to know?
A good real estate agent should come up with questions you missed because there is always something you need to know. Make sure you are comfortable with the agent, that you feel confident with his or her knowledge, experience and she is able to listen and counsel you. Find out what she needs to know to better serve you.
Choosing the right agent and asking the right questions are important if you want to successfully sell your Lakeland Fl home.
Lakeland FL Lake Mirror Classic Automobile Festival – October 18-20, 2013
Lakeland is the place to be not only for car enthusiasts, but for folks of all ages. Can you believe it, the annual Lake Mirror Classic Automobile Festival is in it’s 14th year and it seems to me that this event is growing each year. A must see event that we as a family rarely miss.
This great free event to the public is made possible of the great support of corporate sponsors as well as the countless volunteers that help make this a great experience. Over $250,000 has been raised or donated which has helped local organizations such as the Junior Achievement, Lakeland Community Theater, Historic Lakeland, Boy Scouts, Lakeland Regional Cancer Center and many more. This year their mission is to help fund the preservation and restoration of historic Lake Mirror Promenade, also known as the Frances Langford Promenade.
What can you expect to see at Lake Mirror Classic Automobile Festival?
What a way to start your weekend off with a party on Friday evening filled with a free outdoor concert held at the Lake Mirror Amphitheater. Rock & roll music, food, drinks and crazy looking cars. Are you ready for some noise? As the band takes a break all the hot rods crank up their engines for a Hot Rod Rendezvous and making noise or music of their own.
There will also be New Car Unveiling for the 2014 new model vehicles presented by Lakeland area car dealers from 6:00 p.m. – 10:00 p.m. at the Lake Mirror Park East Promenade.
Ready for the open car show!
Hundreds of classic and collectible are staged in groups of similar makes and models downtown in a 16-block area. Over 500 cars, such as Muscle Cars, Street Rods, Model As, Corvettes and many more are to see. There is also a special area set aside for prospective buyers to view and perhaps purchase the car of your dreams. Don’t forget to stop by at the Lake Mirror Park and view vintage wooden boats, classic motorcycles and amphicars that take it to the water.
The featured event of the Lake Mirror Classic Automobile Festival takes place on Saturday, October 19th, 2013.
The Concours d’Elegance features 125 cars that will be judged in various categories, such as the Brass Era Vehicles, Early Classics 1925 – 1937, Late Classics 1938 – 1948, Pre-war Production thru 1942, Post-war production thru 1966, Golden Anniversary Group 1963 (my personal favorite), Muscle Cars 1962 – 1972, Foreign Sports Cars thru 1972, Small Cars or Trucks thru 1972, Cars of Particular Interest, Historic Racing Cars.
The Concours d’Elegance kicks off at 10:00 a.m. at the Lake Mirror Amphitheater and at 12:00 Noon (one of my favorite) is the lunch parade which begins at the Terrace Hotel and led by Scottish bag-piper, tuxedo-clad Terrace Hotel waiters deliver lunch to the participants of the Concours d’Elegance.
An interview is scheduled with this year’s honorary chairman, Wayne Cherry. Wayne Cherry is known for his design in 1966 Oldsmobile Toronado and the first Chevrolet Camaro, moreover he is known for the bold new vision and design of the Cadillac being credited for bringing this automobile back to it’s prominence. He is also known for designing the German Opel Junior concept, which led to the popular model, the 1993 Opel Corsa.
You don’t want to miss the Splash-In into Lake Mirror – The parade of Classic Wooden Boats and Amphicar at 2:00 p.m. This is a picturesque event, don’t forget your camera!
A collector car auction held by Higgenbotham Auctioneers International starts at 10:00 a.m. and his held on the west side of Munn Park, next to the BB&T bank.
The awards ceremony will be held at 3:00 p.m. where the winners & cars will take the red carpet at Lake Mirror Amphitheater.
For more details, also check out www.lakemirrorclassic.com .
There are so many pictures to choose from, so check out the youtube video
Lakeland FL Sandpiper Homes – July and August 2013 Real Estate Market
I hope you had a chance to look at my first half of the year real estate market report for the Sandpiper Golf & Country Club in Lakeland, FL. If not, please click here
Since the summer months is a bit slow in this community, I thought I would combine the two month (July & August 2013) to bring you up to speed of where the market is right now.
A snapshot of the Sandpiper Golf & Country Club real estate market for July & August 2013:
A snapshot of the Sandpiper:
Active Listings: 17 – Increasing Inventory
Average list price: $128,891
Median list price: $129,900
Pending Listings: 4 – Decreased
Average list price: $124,925
Median list price: $129,950
5 Homes were sold in the Sandpiper Golf & Country Club community in July 2013 for an average price of $111,380 and median sales price of $105,000 compared to 4 homes sold the previous year for an average sales price of $133,250. Median sales price last year was 142,000.
3 Homes were sold in August 2013. Average sales price is
$103,000 and median sales price is $90,000. There were no sales reported for the previous year.
The list of homes sold below represent all regular sales.
- 6214 Sandpipers Dr. 2b/2b 1,349 sq.ft. – sold price $130,000
- 6181 Magpie Dr. 3b/2b 1,301 sq.ft. – sold price $130,000 – seller concessions $3,000
- 6229 Sandpipers Dr. 2b/2b 1,175 sq.ft. – sold price $102,000
- 6100 Raven Run 2b/2b 1,184 sq.ft. – sold price $105,000
- 6464 Sandpipers Dr. #1 2b/2b 1,252 sq.ft. – sold price $89,900
- 6201 Egret Dr. 3b/2b 1,646 sq.ft. – sold price $131,000
- 6347 Egret Dr. 2b/2b 1,028 sq.ft. – sold price $88,000
- 6039 Seagull Ln. 2b/2b 1,460 sq.ft. – sold price $90,000 (REO/Bank-owned)
If you are interested in selling your Sandpiper Golf & Country Club home and would like to know what your home might sell for, give me a call at (863) 619-6918. Also, if you are interested more about homes for sale in the over 55+ Sandpiper Golf & Country Club community, again call or email me at petra[at]petranorris.com.