Tati DaSilva's Blog
If you plan to sell your home, it may be helpful to prepare for a difficult negotiation with a homebuyer.
Although your home may be in great shape and you've set a fair price for it, there are no guarantees that you'll be able to avoid a long, complex home selling negotiation. However, a home seller who prepares for a difficult negotiation now may be better equipped than others to remain calm, cool and collected throughout the home selling journey.
Now, let's take a look at three tips that home sellers can use to get ready for a difficult negotiation.
1. Assess the Housing Market Closely
A home seller who sets a competitive price for his or her residence may be able to avoid a complicated home selling negotiation entirely.
To determine a fair price for your house, a property appraisal is ideal. During this appraisal, a property inspector will evaluate your home's interior and exterior and help you identify any problem areas. Then, you can complete assorted home improvement projects and price your house accordingly.
Furthermore, it is important to assess the prices of comparable houses in your area. With this housing market information at your disposal, you can enter a home selling negotiation with data to support your arguments.
2. Understand Your Home Selling Goals
How a home seller approaches a negotiation may vary based on his or her goals.
For example, a home seller who needs to move out of a house as soon as possible may be willing to go above and beyond the call of duty to satisfy a property buyer's requests. By doing so, this home seller can speed up the property selling cycle.
On the other hand, a home seller who can afford to be patient may be unwilling to budge on various homebuyer requests.
Consider your home selling goals closely before you enter a negotiation with a homebuyer. And if you feel uncomfortable, you can always walk away from a negotiation and reenter the housing market.
3. Focus on the End Results
A home selling negotiation can become contentious, but it is important to remember the end goals of this negotiation.
Ultimately, a successful negotiation will meet the needs of both a property seller and buyer. If a negotiation heavily favors a homebuyer, a home seller should be ready to exit the negotiation.
A home selling negotiation can be stressful, and you should be ready to take breaks as needed. For example, spending a few minutes meditating or walking outdoors may help you clear your head and reenter a home selling negotiation with a fresh perspective.
Lastly, if you want additional support, real estate agents are happy to help you. A real estate agent knows what it takes to negotiate with homebuyers and will do everything possible to ensure all parties involved in a negotiation get the best results.
Take the guesswork out of a home selling negotiation – use these tips, and you can prepare for a difficult negotiation before you add your house to the real estate market.
Home values continue to rise. Many people use their home equity in order to get a bit more financial security. The home equity line of credit can have many different benefits for you. From home improvement projects to a much-needed vacation, you can get the funds that you need for whatever you wish. Turn to your home equity with some careful thought, however. You could end up owing more than your home is worth, which defeats the purpose of tapping into your home equity to begin with.
Make Your Decision Smart
Your home equity can be a good thing to tap in to if you’re not planning on spending like crazy. Maybe you just want a little extra cash on hand for emergencies. You’ll be prepared for anything unexpected. This could be a smarter decision than just blowing a bunch of money on a vacation, for example.
Some smart things that you can use your home equity for include:
- Home renovations
- Emergency funds
- College education funds
- Cash advance
These ideas are investments that can help you to achieve other goals. You should be sure that you’re able to pay the money back. These projects or financial endeavors are much more suited to smart spending than just randomly spending money, buying a car, or other things that will put you in serious debt.
Home Equity Fluctuates
As the market changes, the amount of home equity that you’ll have to tap into does as well. The state of the housing market can actually dictate to you how much money you’ll be able to get. If the market isn’t good, you could end up in the negative financially, so do your research.
How To Get Your Home Equity
There are a few ways that you can draw from your home’s equity. The first rule that you should understand is that you cannot borrow more than 80% of what your home is worth. Take a full remortgage your home, giving you the full 80% amount that your home is worth in order to take a lump sum. Alternatively, you can take a cash-out refinance where you set the amount of money you’d like to take out of your home’s equity as you refinance the home. You can also take out what’s called a “home equity line of credit,” which allows you to use the amount of your home’s worth as a credit card of sorts. You borrow money as you need it.
The biggest issue with refinancing is that of planning. It’s important to know why you’re refinancing and what you’re planning on doing with the money. Used wisely, home equity can really be a great financial tool.
Plants can enhance the look and feel of your home, and some can even improve your indoor air quality. But if you have pets, you need to be selective about the plants you bring into your home. Choosing the right plants allows you to enjoy a lush indoor herb garden or a striking bowl of succulents without worrying about your pet's health. Choose one of the plants below to ensure you can beautify your space risk and worry-free.
Pet Friendly Indoor Plants
- Spider Plants: Lush, full and capable of spawning dozens of offspring at a time, spider plants add a delightful splash of green to any location in your home. Long a favorite of veterinarians, spider plants are safe, easy to grow and can even help improve the air quality in your home, according to Architectural Digest.
- Indoor herb garden: Many of the same culinary herbs humans enjoy are safe for pets. Liven up your kitchen and your meals with an indoor herb garden using some pet safe herbs, including mint, chamomile, thyme and basil. You can also add catnip, but this will attract your cats to your herbs, even in its natural, undried state.
- Air plants and succulents: Add air plants of any type and choose from a wide variety of succulents, the vast majority and the most common varieties are pet safe. Avoid jade plant and aloe, but other popular succulents, like Christmas cactus, Hens and Chicks and Echeverias are all pet friendly. Place in a terrarium or enclosure to keep pets away; succulents have short roots, and a curious pet could easily dislodge them, killing the plant you've been caring for and enjoying.
Dangerous Plants if you Have Pets
There are plenty of plants that are hazardous to pets and that should be enjoyed in another setting, not your home. Check any plant you are considering bringing home for pet-friendliness -- and avoid the plants below; these are considered dangerous to animals:
- Lily, most varieties
- Tulips and daffodils (potted, the bulbs are the dangerous parts)
- Philodendron, most varieties
- Snake Plant
Choosing the right plants lets you enjoy the benefits of greenery indoors, without risk; choose from the first list above to ensure you add a colorful accent to your home without worrying about your pet's health. If you're not sure about a plant, check the ASPCA list of toxic plants to ensure the pieces you bring into your home are truly safe.
A home bar is one thing that most adults should have in their homes. Even if you’re not a drinker yourself, you should have something on hand to offer guests when they come over for an evening of food and conversation. You’ll need the right setup, the right tools, and the right recipes handy to have the perfect home bar. Whether you have a bar already or are looking to build your own, we have all the tips that you’ll need as a rookie bartender.
You’ll need quite a few essentials in your home bar including but not limited to:
- Bar tools
- Recipe books
Find The Right Surface To Transform Into A Bar
You can easily transform any table, sideboard, or cart into a bar. If the vessel that you’re using has a drawer, that’s even better. You can keep all of your bottles, glasses, decanters, and openers in one convenient place. It’s not bad if you can’t fit all of your supplies in one place. Less used items can be stored in the pantry.
You can even use a simple bookshelf to store all of your bar supplies. Transform any bookcase from “boring bookshelf” to home bar in no time. You can arrange the shelving by category, giving each shelf a purpose. You can keep spirits on one shelf, glasses on another shelf, tools on another, and recipe books on another shelf.
Does Your Home Have An Actual Bar Built-In?
Many homes actually have bars built in, but people rarely use them because they feel inexperienced in using the bar tools of the trade. Whether you have a full wet bar or a simpler dry bar, keep all of the essentials there. You’ll need:
- Bar towel
- Trash can
- Bar spoon
- Access to ice
- Simple Syrup
- Old fashioned glass
- Mesh strainer
Location Of The Bar
If you’re setting up a brand new bar, there’s a variety of places that you can put the bar. If you have space in the kitchen, you can add it to a corner right there. Other great places for your bar could be a den or a man cave. Wherever you’ll spend time hanging out with company is a good place to keep your bar. If you have children, you might even consider getting a locking cabinet system for your liquor. You don’t want little hands getting into what they’re not supposed to.
Setting up your own home bar is something to be proud of. It will be quite the conversation piece when guests come over. You’ll be able to discuss your collection of liquors and see if friends have any recommendations as to what you might add to your selection of liquors. A home bar is an entertaining essential.
To resurface or replace? That's the question. Consider replacing if:
Otherwise, you may want to refinish what you have to make your cabinets.
How to Replace Cabinets
Replacing cabinets rarely involves building them yourself. Most kitchen remodeling professionals don't even do that. You can purchase pre-made cabinets. They'll fit in most kitchen. But don't forget to measure.
Start by evaluating how the cabinets are attached. Most cabinets simply unscrew from the wall for clean removal. You can now hang new ones in their place. But remember, if you need to stain or finish, always do that and let them dry before hanging. It will just be easier when they're on the floor or a work table.
If it's just the hardware you don't like, consider replacing it instead of the whole cabinet. That's generally a small job that just needs a screwdriver and new handles.
How to Give Cabinets a New Look
A coat of paint or stain can work wonders. But know that refinishing actually takes a lot longer than hanging new. Plan for three to eight weekends of work and a semi-functional kitchen during that time. The more cabinets, the longer it will take. Let's get started
*Pro tip* Some woods soak up oils like a sponge, so you might need multiple coats to achieve the desired look. That's one reason the job takes multiple weekends since each layer must dry.