Nutley Home Selling Production Has Just One Star

Nutley home selling is not so different from home selling in any other desirable community: the nearly universal underpinnings haven’t changed through the years. So when a homeowner watches a “Just Sold!” sign go up on a neighborhood home he or she just knows isn’t nearly as good a buy as his or her own property, “why them/why not me?” is the normal response.

The answer can be quite simple. If you want your own Nutley home selling campaign to proceed as smoothly as possible, veteran sellers offer some reliable advice:

  • Remove yourself from the equation. Specifically, remove the family photos off the walls and store them in an out-of-the-way place. That evocative stairwell lined with pictures of the kids and family vacations might be a trip down memory lane for you, but it’s a roadblock for potential buyers. The goal in home selling is to effectively showcase the property — don’t make the star of your production share the stage!
  • Store extra clothes. Sort through the clothes you and your family aren’t going to wear this season and remove them from the closets. Overstuffed, cluttered closets give prospective buyers the impression that there isn’t enough storage space, whereas a sparsely hung closet just feels luxurious. If needed, purchase wardrobe boxes to store in the garage.
  • Use the professional talent that’s already on deck — ask your agent for a truly forthright opinion on how your home stacks up against the other current listings in Nutley. Since you’re on the same team, you’ll get the best of both worlds: real, up-to-the-moment comparisons with competing area homes, and suggestions for how to further improve your property’s profile among them.

Preparing to sell a home can seem daunting at first, but once you begin in earnest, with the help of your real estate professional and a few proven guidelines, the process can be fully in motion quickly and easily. The most important thing to remember is that the better you display your property, the more money it is likely to sell for. It all starts when you give me a call!

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    Nutley Homeowners Should Track This One

    A few weeks ago, Bank of America initiated a pilot program allowing homeowners facing foreclosure to remain in their homes as renters. There are important reasons why Nutley homeowners should be interested in the success or failure of BoA’s approach.

    First, a note about the term “bank owned homes”. It’s not technically correct to say that there has been some huge rise in the number of them, because “bank owned homes” actually describes every home with a mortgage. The mortgage holder always technically “owns” the property, even when the homeowner retains title. However, what is true is that over the last four years, many homeowners learned the hard way just what it means to face the reality of your home being owned by someone else.

    Enter Bank of America. Their press release quotes Ron Sturzenegger, a Legacy Asset Servicing executive with the Bank: “Our priority is designing a solution that helps our customer.” Although we might be justifiably skeptical of this as BoA’s sole motive, allowing homeowners to remain as renters in bank owned homes is hardly just a PR move.

    The program certainly makes bottom-line financial sense for a whole host of parties, including Nutley homeowners who have no difficulty meeting their own mortgage payments.

    Under the program, a former homeowner who qualified would be able to continue working and contributing to the economy without the costs, loss of time, and anxiety involved in moving. For all property owners, the ultimate effect is to keep the market from being flooded with distress sales. Every neighborhood would benefit if home values stabilize.

    Under the pilot model, bank owned homes convert to investor ownership in a much smoother transition than the foreclosure/short sale model. Instead of the lender being left with an empty property generating zero revenue in the interim, former homeowners simply become renters, making it easier for them to get back on their feet financially.

    In my opinion, any move or policy that helps more people stay in homes is a policy worth discussing. BoA’s program is only in a limited test stage, but here in Nutley we can hope that it will prove to have multiple beneficiaries: banks, investors, agents, homeowners and neighbors. Everyone benefits when his or her neighborhood’s real estate market is healthy!

    Have a question about real estate in Nutley area? Feel free to contact me anytime with questions. I represent Nutley buyers and sellers, and am always available to chat about your own plans.

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