Tuesday, January 31, 2012

4 Tips for Pricing Your Deep Creek Lake Home Correctly

Last week we talked about some of the key projects you can do to help sell your Deep Creek Lake home.  While making sure your home is appealing to buyers is a big part of getting your home sold, there’s a key factor in getting your home sold quickly that we want to cover today. 
As Deep Creek Lake Real Estate agents here at Coldwell Banker Deep Creek Realty, we understand the importance of making sure a home doesn’t sit stagnant on the Deep Creek Lake Real Estate market.  One of the worst things that can happen for a home is to be on the market for a long period of time since it loses interest from buyers the longer it sits.  
The number one reason a home doesn’t move off the market is because buyers see it as overpriced.  Pricing a home correctly can be challenging since the seller can have a sense of attachment to the home or may have lofty views of what they think their home is worth.  While it can be hard for sellers to see beyond their purchase price of the Deep Creek Lake home and all the upgrades they did throughout the years; keeping the current buyers market in mind is essential.
If you’re currently thinking of selling your Deep Creek Lake home; you’ll want to take a few minutes to review these four tips on pricing your home correctly!
1. Location- You can't get away from this one. If your Deep Creek Lake home is lakefront or has stunning lake views, you will be able to get a higher price than you can for the same house that’s inland. 

2. Condition- A Deep Creek Lake home that is well maintained and shows better will always sell for more than one that has had deferred maintenance and needs work.

3. Desirable Amenities
- If a house has amenities that are popular in Deep Creek Lake homes such as outdoor living space, open floor plan or porches with sweeping views, it will sell more quickly.

4. Calculate the price per square foot- The average price per square foot for homes on Deep Creek Lake shouldn't be the sole determinant of the asking price for your home, but it can be a useful starting point. 
Of course your Deep Creek Lake Real Estate agent will be able to guide you as you think of a sale price for your home.  Having a fair market price from the beginning will draw a lot of attention and can help ensure your home sells quickly.
Have questions about selling your Deep Creek Lake home?  Feel free to contact us!  We enjoy working with buyers and sellers and would love the opportunity to work with you to get your Deep Creek Lake home sold
We hope to hear from you soon!
Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

Tuesday, January 24, 2012

Top Projects for Your Deep Creek Lake Home

Whether you live in your Deep Creek Lake home year round or enjoy it as a vacation getaway throughout the year, you may be considering doing some upgrades to your home in the coming year.  It could be that you’re hoping to sell your home in the near future and want it to stand out from the competition in the current buyers market, or you simply want to make your Deep Creek Lake home even more enjoyable for you and your loved ones.
Whatever your reasons for wanting to make upgrades, we know there’s plenty of information out there as to which projects have the greatest return on investment.  As experienced Deep Creek Lake Real Estate agents here at Coldwell Banker Deep Creek Realty, we wanted to create that “top project” list that will point you in the right direction!  We know that getting your home ready to sell can be stressful, and we hope these tips will help.  Take a look!
Top Energy Efficient Project: Add Insulation
- Adding proper insulation will not only add value to your home, but will save you money. This energy efficient project will reduce up to 30% of heating and cooling costs. Those looking to buy a Deep Creek Lake home will be searching for homes that are more eco-friendly and adding insulation or even replacing old windows with new energy efficient ones will appeal to buyers.
Top Budget Friendly Project: Clean and Conquer Clutter
- The best way to update your home is to remove any excess furniture or knickknacks that don’t serve a purpose. Not only will this make your Deep Creek Lake home appear larger, but it will give your home a more updated feel. This cost effective project is a great one to do during winter months when you’d prefer to stay indoors. If you’re planning on selling your home, buyers will appreciate this clean and updated look as they’ll be able to better envision their belonging in your home.
Top Kitchen Project: Upgrade Appliances
- Kitchens are one of the top places that people will want to see upgrades and where you will get the most return on investment. The top kitchen project is to upgrade your appliances. Of course stainless steel appliances are today’s standard, so if you haven’t upgraded yet, now would be a great time to do so. Another upgrade that’s possible for those who already have stainless steel appliances are energy efficient options. Switching to these “green” appliances will cut down on your energy bill and will be better for the environment as well.
Top Bathroom Project: Refresh Fixtures
- Bathrooms are another space where many will want to see upgrades. An easy way to refresh bathrooms is to change out the fixtures. From lighting to the vanity or even just the cabinetry hardware; there are many cost effective updates that can be made in a bathroom.
The Top Storage and Organization Project: Maximize Storage Space
- Give yourself more space instantly by organizing your closets and cabinets. Clean out things you no longer use and consider investing in a closet or pantry organizer. This will immediately give the appearance of extra room as well as being easier to maintain.
Top Landscaping Project: Tidy Your Lawn
- Curb appeal speaks volumes for how you care for your Deep Creek Lake home overall. A lawn that is well manicured and aesthetically pleasing will appeal to most no matter what the size. Deep Creek Lake buyers will want to know they can simply maintain the lawn you’ve cared for rather than having to put in a lot of time and money for updates. Even in the middle of winter, having a path shoveled and winter greenery on your porch can create a welcoming first impression. 
Top Outdoor Living Project: Add Outdoor Living
- This is a project that will have to wait until Deep Creek Lake welcomes back warmer weather, but adding outdoor living space is like adding square footage onto your home. Imagine lounging in a new outdoor living space and hosting outdoor dinner parties this summer. Whether you’re going to be living or vacationing in your Deep Creek Lake home for the next twenty years or will begin the home selling process soon, this update will add value and character to your home.
Top Big Ticket Project: Finish the Basement
- Finishing your basement, while a seemingly large project, is much less expensive that adding an additional room onto your home. You’ll want to be sure to have a professional inspect your basement for its moisture level before you begin. Adding carpeting or a fresh coat of paint may be all your basement needs to gain a finished appearance. This additional living space may be just the thing for which buyers are searching.
You may not be able to take on all of these projects, but picking out a few key ones can be just the thing needed to get your home sold or create your dream home on Deep Creek Lake that you can enjoy for years to come!
As always, we’re here to help in any way we can!  If you are hoping to sell your Deep Creek Lake home this year and aren’t quite sure where to start, feel free to contact us today!  We’ll answer your questions and can guide you along the home selling process.
We look forward to hearing from you regarding your Deep Creek Lake Real Estate needs! 

Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

Tuesday, January 17, 2012

Achieve Your Home Buying Goals with a Deep Creek Lake Real Estate Agent!


Buying a Deep Creek Lake home as a permanent residence or vacation getaway is a great goal for 2012!  With historically low mortgage rates and ideally priced homes; your dream could quickly become a reality.  
Since you’re reading our blog, you’ve probably already researched the benefits of living or vacationing on Deep Creek Lake!  As the Coldwell Banker Deep Creek Realty team of real estate agents serving Deep Creek Lake; we are always excited to work with buyers to help them find a great Deep Creek Lake home.
However, there are those who feel that using a Deep Creek Lake Real Estate agent isn’t necessary and they attempt to find and buy a Deep Creek Lake home on their own.  Typically, these people end up getting frustrated and overwhelmed with the process and will either give up or eventually turn to us for help.
To help you avoid that heartache, we thought we’d put together the top ten reasons why your first step to success is finding a trusted Deep Creek Lake Real Estate agent.  Take a look!
1. Training and Experience- Their years of training and experience in the Deep Creek Lake Real Estate market will be a great asset to you! You won’t have to learn about the market or how to negotiate a deal since a real estate agent will be fully trained and know the ins and outs of the Deep Creek Lake Real Estate market
2. Personal ShieldBuying or selling a home can get personal and your Deep Creek Lake Real Estate agent can be your personal shield against pushy agents and bad deals.  You won’t have to handle the phone calls, emails or issues that arise.
3. Area Expertise- If you’re buying a Deep Creek Lake home and are relocating to the area, your Deep Creek Lake Real Estate agent will know the best places to search to fit your needs and lifestyle!  They may even have a few Deep Creek Lake homes in mind for you!
4. Price Guidance- Your Deep Creek Lake Real Estate agent can guide you in pricing your home correctly by using comparative homes on the market.  They can also use Comparative Market Analysis (CMA) reports to help you make a far offer on a home.  
5. Current Market Insight- You’ll get an inside look into the Deep Creek Lake Real Estate market that you wouldn’t get with searching on your own.  They’ll know things such as what homes are currently selling for on the market or when a home is a good deal.
6. Networking Capabilities- Your Deep Creek Lake Real Estate agent may already have a connection to an interested buyer for your Deep Creek Lake home! They will also have contact with other Deep Creek Lake Real Estate agents and brokers and can get the word out about your home being on the market.  Their network can be the key to your success in the Deep Creek Lake Real Estate market!
7. Savvy Negotiation- Negotiating a contract can be tricky and your Deep Creek Lake Real Estate agent will be able to navigate through this process to ensure you are happy with the deal.
8. Handling Paperwork- There’s a lot of paperwork that goes into buying or selling a home that would be overwhelming to most people. Your real estate agent will be able to take care of this for you and make sure every aspect is addressed and everything is in place!
9. Follow Up- Sometimes there can be issues that arise during the closing or taxing authorities can get behind in their paperwork and call you months after closing. A good real estate agent will stick by you even after you close a deal to take care of any after effects.
10. Future Business- Finding a trusted Deep Creek Lake Real Estate agent can be tough, but once you find one; you’ll want to develop a great relationship with them! Whether you are looking to buy or sell again in the future, you know that they’ll be your first choice so building that relationship is key!
As you can see, there are a variety of reasons to find a Deep Creek Lake Real Estate agent before beginning your home search.  If you haven’t found a real estate agent yet, we would love to offer our services!  
Our team is highly experienced and know the ins and outs of the Deep Creek Lake Real Estate market and the area!  We would love to be your first stop when you visit Deep Creek Lake to find your home.  
Please feel free to contact us today to get started!  We look forward to helping you achieve your Deep Creek Lake home buying goal this year!

Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

Tuesday, January 10, 2012

4 Tips to Avoid Being Outbid on Your Deep Creek Lake Dream Home!

Starting fresh in the new year is an exciting time as endless possibilities lie in front of you.  If you’re reading our blog, chances are one of your goals for the new year is to buy a Deep Creek Lake home, and we want to welcome you!  Whether you’re searching for a place to retire, a vacation getaway or just a place to settle in permanently, you’re sure to find what you’re looking for on beautiful Deep Creek Lake!
As the team of Deep Creek Lake Real Estate agents here at Coldwell Banker Deep Creek Realty, our goal is to help you achieve your goals.  Our experience in working with buyers and sellers on Deep Creek Lake will ensure that you’re getting the best service possible since we understand the ins and outs of what it takes to buy one of Deep Creek Lake’s stunning homes.  
So, what happens if you find the home of your dreams but realize there are other interested buyers?  Since Deep Creek Lake is such a desired area, we know that this can be a common occurrence, especially in a buyer’s market.  However, it’s important to not let that scare you off from buying the Deep Creek home that has captured your heart.  Here are four practical things you can do to avoid being outbid on a Deep Creek Lake home
1. Beat the Crowd- Make it clear to your Deep Creek Lake Real Estate agent that you want to be made aware of new Deep Creek Lake listings as soon as they come on the market. This will help ensure that you are on top of the competition in seeing new homes and being able to make the first offer. You’ll also want to keep your offer deadline as tight as possible so the listing agent has less of a chance to entertain other offers. 
2. Do Your Homework- Many people are not able to pay all cash for a home. However, having a letter from your lender stating how much you’re qualified for will give you a boost! You want to know exactly what you’re able to spend before beginning your Deep Creek Lake home search.  Be aware that the average down payment in today’s Deep Creek Lake Real Estate market is around 20%. This type of preparation will help set you a part from the competition.
3. Aim High- It seems to go without saying that sellers tend to be more interested in the highest offer rather than an all cash offer.  Your Deep Creek Lake Real Estate agent should provide a Comparative Market Analysis (CMA) of homes on Deep Creek Lake Real Estate market that have recently sold or are currently on the market.  This will give you a good idea of what other homes like the one you’re bidding on are selling for and will help you come up with a reasonable offer. 
4. Relax- A demanding buyer can deter sellers, so it’s wise to be patient.  Although the national housing market is improving; sellers are still aware that buyers have the upper hand.  It could be that the seller is also forced to sell due to extenuating circumstances, so the selling process can be a sensitive time.  Be willing to work with the sellers’ time constraints on closing dates and don’t demand help with closing costs if you find you’re getting a good deal on the Deep Creek Lake home. Being in tune with the sellers needs can be a great way to make the seller feel good about accepting your offer. 

We hope these tips help as you begin to think through making an offer on a Deep Creek Lake home.  If you’re just beginning to search for a home and don’t yet have a Deep Creek Real Estate agent to help you through the process; we’d enjoy the opportunity to work with you!  Please feel free to contact us anytime to get started!  We can show you around the area and give you a tour of some of the homes currently on the Deep Creek Lake Real Estate market.  
We look forward to helping you achieve your home buying goals!

Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

Tuesday, January 3, 2012

Credit Tips for Deep Creek Lake Home Buyers!

Thinking of buying a home in the Deep Creek Lake area? If your plans for 2012 include buying a home, or making another major purchase, you'll want your credit report to be in the best possible shape.

There are several reasons for staying on top of your credit these days. First of all, good credit gives you the best possible interest rates on mortgages and car loans, which can save you considerable money. Your credit may also be reviewed when you apply for a new job, or shop around for insurance. Also, it pays to watch your credit report to protect yourself against misuse of your personal information.

At Coldwell Banker Deep Creek Realty, we have a few tips about credit we'd like to share:

1. You are entitled to one free credit report each year, and you can obtain it at annualcreditreport.com. This is the official industry website designated for this purpose. Beware of copycat sites that will demand a fee.

2. Check your credit history for errors. Compare dates and balances, and keep an eye out for any unfamiliar lines of credit. Identity theft can hit anyone and it pays to be vigilant.

3. If you find an error, file a dispute directly with the credit bureau. You may need to provide proof of payment or other facts to support your dispute. The credit bureau will then investigate the issue with the creditor who reported it. They will flag the disputed item during this process. The research can take a few weeks! If the bureau rules in your favor, they will remove or correct the item accordingly.

4. Your credit score is offered separately by MyFico.com. A fee may apply to obtain your score. However, the website has useful tips about credit scores, and the free information is worth the visit.

5. If you need help getting debt under control, the National Foundation for Credit Counseling can refer you to an approved counselor in your area. Avoid Internet advertisements that promise quick solutions to bad credit! There are no magic potions, and you could be caught in a scam.

If you have been wanting to buy a Deep Creek Lake home, we're hoping this information helps you with your mortgage pre-qualification. There are many beautiful homes on Deep Creek Lake at reasonable prices! If you are buying a home in the Deep Creek Lake area, let us help you. We have the market expertise and commitment to service that you can count on!

Whenever you are are buying or selling real estate, or you just have a few questions, contact us for friendly, professional assistance.
  
Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert


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