Thinking of Selling Your Home? Get a Good Plan of Action First.

1.Analyze why you are selling – If you understand your motives, you will be able to better negotiate and to get what it is that you want, whether it be a quick sale, high price, or somewhere in the middle.

2.Prepare your home for the buyer – Maximize the strengths of your property and fix up its weaknesses. You want the buyer to walk away from your home with a lasting good impression.

3.Find a good real estate agent that understands your needs – Make sure that your agent is loyal to you, and can negotiate to help you achieve your goals. In addition, they should be assertive and honest with both you and the buyer.

4.Be prepared for negotiation – Learn and understand your buyer’s situation; what are their motives? Can you demand a big deposit from them? Try to lock in the buyer so that the deal goes through.

5.Negotiate for the best price and the best terms – Learn how to counter offer to get maximum value from every offer.

6.Make sure the contract is accurate and complete – Be honest with your disclosures; you do not want to lose the deal because you were lying or diminishing your home’s defects. Insist the buyers get a professional inspection. This will protect both you and the buyer.

Don Johnson, a Licensed Broker with the California Department of Real Estate, is the owner of Don Johnson Realty Group DRE#01398835, a resale real estate brokerage located in Murrieta, California. We specialize in short sales, rental properties, foreclosures and mortgage lending.

If you would like to obtain more information, please contact Don at findyouahome@msn.com or call 714-856-3992. http://www.djrealtygroup.com

Is Buying a Home Right Now a Smart Plan?

With the burst of the housing bubble, credit crisis, and millions of foreclosures across the country, you may wonder if buying a home is such a good idea after all. However, it’s important to consider all of the facts. The important message to take away from these events is not that buying a home is a bad idea, but that you must be smart about buying your home.

The housing market, like every type of market, unavoidably has its ups and downs. That doesn’t mean buying a home is a bad investment. As a long-term investment, homeownership is still one of the best investments for individual households. Historically, real estate has consistently increased in value, despite shorter periods of depreciation due to local markets and/or national economic conditions. The data shows that homes generally appreciate about 5% per year.

Savings & Investment

Five percent may not seem like a great return on investment, but you have to think about it in the context of the situation. For example, let’s say you put 10% down on a $200,000 house. That’s a $20,000 down payment, or initial investment. At a 5% annual appreciation rate, your $200,000 home would gain $10,000 in value during the first year. Earning $10,000 on an investment of $20,000 is a whopping 50% return.

For further perspective, let’s say instead of spending that $20,000 on a down payment, you invested it in the stock market. With a 5% return, you would gain only $1,000 in profit.

Tax Benefits

So now you’re saying that a home may have a higher return, but that’s before you consider all of the costs of home ownership, such as taxes, etc. Well, think of it this way: your property taxes as well as the interest on your mortgage are both tax deductible. You can deduct those costs from your income, thus reducing your overall taxable income. In other words, the government is subsidizing your home.

Other Benefits

It’s easy to get carried away with all of the economic reasons for home ownership, but it’s important to remember that not every reason is financial. Have you ever wanted to paint the walls of your apartment? Well when you’re renting, you can’t. Has anything in your apartment ever needed updating, but the landlord refused to do it? When you own a home, you can make the space yours in almost any way you want. And you benefit when you do home improvements, both financially and psychologically. Homes generally have more space, for storage, living, etc. than other living arrangements. Not to mention that you have space outdoors for barbecuing, pets, and kids. Owning your home carries with it a sense of pride, accomplishment, and even an elevated social status.

So when you’re considering buying a home, consider the broad range of benefits that owning a home can have. And always make sure you have an experienced real estate agent and loan officer to help make sure you’re getting a home that is right for you, both financially and psychologically.

 

Don Johnson, a Licensed Broker with the California Department of Real Estate, is the owner of Don Johnson Realty Group DRE#01398835, a resale real estate brokerage located in Murrieta, California. We specialize in short sales, rental properties, foreclosures and mortgage lending.

If you would like to obtain more information, please contact Don at findyouahome@msn.com or call 714-856-3992. http://www.djrealtygroup.com

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Small Bedroom? Here Are Some BIG Ideas.

Reposted by Don Johnson, Don Johnson Realty Group
 
Most people dream of having a spacious and accommodating home, but unfortunately most American homes and apartments feature rooms that are moderately sized at best and in some cases, downright small. While suffering through a tiny kitchen is one oredeal, being forced to sleep in a small bedroom can be a greater challenge. After all, it can be difficult to feel comfortable when it feels like the walls are closing in on you.
Since you can’t physically change the size dimensions of your bedroom, you are going to have to adapt a few strategies for making the room appear larger than it is. Luckily, there are several tips you use to help give your small bedroom a more spacious feel.
Tip 1: Keep the Bedroom Clean and De-Clutter Often
Nothing makes a small space feel even smaller than a mess. If you have a small bedroom, keeping it clean and tidy will help you maximize your floor space so it will be easier to move around within the room. On the plus side, since the room is small, it won’t take long to clean. Of course, since the room is small, it also won’t take much to dirty it up, so clean it often and you won’t have a problem. You should also de-clutter your bedroom frequently to prevent accumulating items that don’t belong in the room.
Tip 2: Don’t Use Beds with Foot Boards
Sleigh beds have large and sometimes very thick foot boards that can take a big chunk out of your available room space. Therefore, if your bedroom has size limitations, leave the foot board off the bed frame.
Tip 3: Buy Appropriate Furniture for the Room
Before you buy any furniture for the room, measure the walls and decide upon a maximum thickness for the furniture. Avoid purchasing curved furniture because these items stick further out into your walking zone without offering any increase in storage capacity. Everything from the bed to the lamps needs to be downsized in order to give the room a larger feel. Better yet, do away with table lamps and install wall-mounted sconces or fixtures to give the room a more open feel. In addition, by decreasing your bed size, you’ll be able to fit other types of furniture in the room that it may have not been able to accommodate with your California king in the room.
Tip 4: Paint the Room to Promote Height
Painting the bedroom ceiling a light color instantly makes it feel as if the room has a higher ceiling than it really does. Conversely, painting it a dark color will make it feel as if the room is shorter than it really is.
Tip 5: Keep the TV in the Living Room
Having a television in the bedroom not only negatively affects one’s sleeping habits, but it can take up a big chuck of space. They’re also unsightly and large, so keep the boob tube out of your bedroom and you’ll enjoy more room and a better night’s sleep.
Tip 6: Keep Your Decor Simple
Avoid using comforters or blankets with large, bold patterns, because this will draw too much attention to the room’s largest piece of furniture and make the room appear small. Instead, use simple designs and light colors to help create a larger, more flowing space.
Tip 7: Use Multi-Functional Furniture
In order to help cut down on the amount of furniture in your small bedroom, use furniture that can suit multiple functions. For example, place a small desk next to the bed and hang a mirror on the wall above it; this one piece of furniture will give you a nightstand, desk and dressing table.
Tip 8: Give the Room a Focal Point
A piece of artwork is a great way to build a focal point in the room, therefore, hang a large piece of art above the bed and it will be an effective way of drawing attention away from the miniscule size of the room.
 

Don Johnson, a Licensed Broker with the California Department of Real Estate, is the owner of Don Johnson Realty Group DRE#01398835, a resale real estate brokerage located in Murrieta, California. We specialize in short sales, rental properties, foreclosures and mortgage lending.

If you would like to obtain more information, please contact Don at findyouahome@msn.com or call 714-856-3992. http://www.djrealtygroup.com

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