Kim D'Elia - EXIT Real Estate Executives



Posted by Kim DíElia on 1/19/2020

Buying a home can be fast and easy for just about anyone. However, becoming the "perfect" property buyer can be challenging, particularly for those who are shopping for a house for the first time.

The perfect homebuyer understands what it takes to land his or her ideal house at the best price. As such, he or she will know how to handle difficult homebuying situations and streamline the process of going from property buyer to property owner.

Ultimately, becoming the perfect homebuyer may be easier than you think Ė here are three tips to help you acquire your ideal residence quickly and effortlessly.

1. Study the Real Estate Market Closely

The real estate market has many ups and downs, but the perfect homebuyer will know the ins and outs of the housing sector. By studying the real estate market closely, this property buyer will be able to identify the right opportunities and overcome any potential homebuying hurdles.

Spend some time looking at the prices of homes that are currently available. This will allow you to find homes at price that you like Ė and homes at prices that you don't like Ė and map out your homebuying journey accordingly.

Also, take a look at homes that recently sold in cities or towns where you'd like to live. This will enable you to differentiate between a buyer's market and a seller's market.

2. Know What You Can Spend on a Home

The perfect homebuyer should have no trouble avoiding the temptation to overspend on a house. In fact, this homebuyer will understand how to get pre-approved for a mortgage, which will ensure that he or she can establish a property buying budget.

To get pre-approved for a mortgage, a homebuyer should meet with several banks and credit unions. Each meeting will enable a homebuyer to learn about the mortgage options that are available from a variety of lenders. Plus, a homebuyer can ask questions and discuss myriad mortgage options with these lenders.

With pre-approval for a mortgage, a homebuyer will be able to enter the housing market with a budget in hand. Then, this property buyer can narrow his or her search for the ideal residence.

3. Collaborate with a Housing Market Professional

Becoming the perfect homebuyer may require you to receive housing market guidance at times. Fortunately, if you work with a real estate agent, you can get top-notch support as you navigate the homebuying journey.

A real estate agent is a housing market professional who will go above and beyond the call of duty to assist you. He or she will be able to provide homebuying recommendations to help you make informed decisions. Also, a real estate agent will be able to keep you up to date about new houses as they become available, guaranteeing that you can speed up the homebuying process.

When it comes to buying a home, it is essential to do whatever it takes to acquire a first-rate residence at a budget-friendly price. Take advantage of the aforementioned tips, and you can move one step closer to doing just that.




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Posted by Kim DíElia on 1/12/2020

Photo by Nattanan Kanchanaprat via Pixabay

Would you like to invest in real estate? To buy thousands of income-producing properties, from apartments to office buildings to industrial parks, all over the country or the world? It you’re wealthy, you might dispatch someone to travel far and wide and do just that, but even if you’re not rich you can participate. The tool that enables this is a Real Estate Investment Trust, or REIT.

What is a REIT?

A REIT uses its investors’ money to buy or finance real estate that produces income. It’s an investment in property rather than stocks or bonds. The profit it earns from leases and rents is distributed to investors. By law REITs must pay out 90 percent of this income to the shareholders, but 100 percent is more common.

Most REITS are Equity REITs, which directly own property. Mortgage REITs are indirect, investing in mortgages and mortgage-backed securities. Most REITs are publicly traded and listed on national exchanges. Some are private; these generally require a larger minimum investment.

REIT holdings include residential buildings, office space, industrial facilities, shopping centers, hotels, storage facilities and even data centers. A REIT may invest in one of these asset types or a mix of many.

There are also mutual funds that invest in REITs. Some are actively managed and others are Exchange Traded Funds (ETFs) that buy all REITs, or all REITs in specific categories, without trying to pick winners.

Are REITs a good investment?

REITs offer the benefits of owning rental property without the headaches, homework and personal risk. If you want to buy, say, an apartment building, you must evaluate the property, arrange financing, find renters, deal with tenants and building maintenance on a day-to-day basis and handle the accounting and taxes. If your investment turns sour you’re in for a big loss. With REITs, professionals do that work, and if one property loses money it’s offset by those that do well. Also, you can put as much or as little at risk as you want in a REIT. You can buy a small number of shares for a few thousand or even a few hundred dollars.

Historically, REITs have outperformed most other investments long-term. Average returns for the last 10, 20, 30 and 40 years have been comfortably over 10%. However, REITs are subject to the ups and downs of real estate and can be a loser in the short run. Generally the best time to buy a REIT is when the real estate market is at the bottom as opposed to when it’s nearing a crest. Of course, it’s difficult to know exactly when that is, so dollar cost averaging, i.e., buying regularly over time, is a good strategy.

REITs tend not to move up and down in lockstep with stocks and bonds, so they can have a balancing effect in a portfolio. Few would recommend making REITs the major part of your holdings, but they can be an important component of your investment strategy.





Posted by Kim DíElia on 1/5/2020

There's a misconception many home sellers have that may be causing them to miss out on opportunities to have their house sell more quickly. Perhaps you're among them.

If you believe your home does not need to be staged, neatly organized, and thoroughly cleaned well in advance of the first scheduled showing, then you're overlooking one crucial step in the marketing process: having professional quality photographs taken of your home -- inside and out -- and posted online to make your listing more enticing!

Unless you happen to be an exceptionally good photographer with professional equipment, you probably won't be able to get the optimal results needed to show off your home and attract buyers. Not only will those photographs be the first impression of your home that many buyers are exposed to, but it may end up being the only impression they come away with. If prospects don't like what they see online, there's no chance they'll move on to the next step, which would be scheduling an in-person visit. That's why it's so important that the photos your agent uploads to the Multiple Listing Service (MLS) depict your home in the most favorable way.

Online photographs can work either for or against you, depending on the quality of the photos and the condition of your home and property. Ideally, you should have photos taken of virtually every nook and cranny of your home -- with the exception of areas you want to underplay. Only the best ones would be used, of course. Views of your front yard, backyard, and sometimes even an aerial view can help give buyers the perspective they're looking for.

The good news is that most real estate agents work with one or more professional photographers who make it their business to take photos that are properly lit, effectively cropped, and well composed. Experienced real estate photographers can quickly identify the most advantageous angles from which to take photos, capturing the best view of your rooms, your yard, and other property highlights.

While they might occasionally make a few adjustments to the placement of furniture, pillows, or other decor, their main objective is to snap photos that will inspire prospective buyers to envision the beauty, the charm, and the many possibilities of your home. In addition to making sure the photos are crystal clear, well lit, and visually appealing, photographers also aim to make your home look as spacious and welcoming as possible. While they can't perform miracles, a talented photographer will typically find creative ways to bring out the best qualities in any home.

Your real estate agent can also give you valuable tips on enhancing your property's curb appeal, minimizing clutter, and adding simple touches -- both inside and out -- to maximize the warmth and appeal of your home for sale.





Posted by Kim DíElia on 12/29/2019

Image by Andy Dean Photography from Shutterstock

When placing your home on the market youíll likely need to plan to hold an open house or two. If there's a chance of bad weather during a scheduled open house, you might question moving ahead with the event.

Before you cancel, here are a few things to consider:

  • Serious buyers venture out in all types of weather, so those who show are less likely to be simply curious lookers.

  • Buyers can experience that your home stays cozy and warm even in poor weather.

  • Your roofís secure structure will shine through.

  • Canceling may signal to buyers that windows, the roof, or the basement areas leak and that your exterior drainage needs work.

  • Canceling at the last minute might make folks think twice about returning if they made the initial effort to attend.

How should you compensate for bad weather?

Make the experience pleasant:

  • Turn on every light. Make your home as bright as possible. You want potential buyers to see your home as warm and inviting.

  • Open the curtains, shutters, and blinds.

  • Check that gutters are clear of debris. Be sure water flows freely from gutters into your downspouts and that it diverts away from walkways.

  • Provide outside and inside doormats and set a stack of towels near the entryways in case anyone needs to dry off.

  • Set an umbrella stand near the door so that wet umbrellas stay in one spot.

  • Odors may appear stronger on wet days, consider moving pet beds and similar items to the garage. Use a lightly-scented fabric refreshing spray to eliminate odors in furniture, carpets, or drapes.

  • Provide warm beverages and to-go cups for your guests.

If you question holding an open house during inclement weather, consult your local real estate professional. They know your market, and they know the sorts of buyers that will come ó rain or shine ó to find their new home.




Categories: Uncategorized  


Posted by Kim DíElia on 12/22/2019

If plans for selling your home are in the near future, youíre going to want to start strategizing the most cost- and time-effective ways to make your home irresistible to potential buyers. One of the most proven ways of giving your home the edge it needs to stand out from the competition is good photography and attractive staging.

In todayís post, Iím going to share my tips on home staging that can be achieved on a budget and in a short period of time. That way you can focus more time on finding a new home and stop worrying about selling your current one.

Tip 1: Start packing

Before you start worrying about arranging furniture, itís important to make sure you have a clean slate to work with. Start by packing personal effects into boxes and labeling them accordingly.

Staged homes are homes that look appealing to the widest audience as possible. Having personal reminders, like family photos, trophies, etc., makes it harder for viewers to picture themselves living in the home.

Most of us keep our homes arranged in a way that is convenient to our lives. And. letís face it--life can be messy. But, when it comes to staging, less is usually more.

Not only will this cleaning process help you reduce clutter and make the home look better for staging, but it will also make your moving process easier since many of your boxes will already be organized and sealed.

Tip 2: Color scheming

Expertly staged homes tend to have one thing in common--a cohesive color scheme. Think of choosing your color scheme like creating an artistís palette. You want a few colors that compliment one another and that will work together to brighten up your home.

If you have any furniture that appears worn, dated, or that clashes with the scheme of the room, itís a good idea to place them in storage while you prepare for photographs and visitors.

Tip 3: Decorate sparingly

Now that youíve packed away your family photos, you might be wondering what to put on the walls in their place. The best answer is often nothing. However, that doesnít mean the walls need to be completely bare.

For smaller rooms, you can make them appear more spacious with the use of hanging mirrors (just make sure you canít see yourself in any of those mirrors when you take your photos!).

Tip 4: Donít forget the outside of your home

The value of curb appeal canít be overemphasized. The exterior of our homes, along with our yard and driveway, are essentially what we show the world about our lives. Since most home buyers want their house to look nice, fit in with the neighborhood, but have its own unique flair all at the same time. They want to know that your house has that potential.

Furthermore, the driveway and yard are two of the first things people see when they visit. Youíll want to take advantage of this moment by making a good impression.







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