While it's true that our local real estate market has not experienced the declines other markets across the country have experienced - there is one common theme across the country: buyers are cautious. The reality is this is a great time to buy. Mortgage rates are low; inventory is good; and some buyers are eligible for an $8,000 federal tax credit. But still, buyers remain somewhat cautious.
Coldwell Banker Hickok & Boardman Realty has designed a program to give home buyers peace of mind and protection during the first year of home ownership called The Buyer Assurance Plan. Coldwell Banker Hickok & Boardman Realty is the only company in our market offering this Plan!
This plan combines a Home Mortgage Protection plan in the event of a job loss and/or a Home Warranty on many major appliances and systems in the home for one year.
As a Seller, you may choose to provide this coverage for a Buyer, distinguishing your home from others on the market. The Plan will provide a cash payment to the Buyer for up to 4 months and as much as $1500 per month in the event the Buyer loses their job. The Buyer Assurance Plan may also include Home Protection, covering the repair or replacement of many of the most frequently occurring breakdowns of home systems and appliances. There is no sign up fee for you to add this marketing program to your home and premiums are paid at time of closing. Like any insurance plan, some restrictions would apply - so we encourage you to read the FAQ's provided by the two carriers. http://hickokandboardman.com/bap_faq
As a Seller, here are a few benefits of this program to you: 1. Peace of Mind Protection - addresses the fear of job loss by paying a cash benefit directly to the home buyer if their income stops due to job loss 2. Marketing this plan differentiates your home from others on the market 3. Encourages buyers to make a positive purchase decision 4. No sign up fee's 5. No premium payment is due until your home closes! Coldwell Banker Hickok & Boardman Realty has bundled these two separate insurance plans together. However, the plans may also be purchased separately. The combined cost of the Plan is $754 for a single family home or $714 for a condominium (due at closing). I believe this program is worth considering. Please contact me with questions or to receive additional information. If you are interested there is a simple opt-in agreement I would be happy to send you.
Wednesday, June 24, 2009
Monday, June 8, 2009
Spring has definitely arrived! The grass is growing, daffodils blooming, the swallows have returned to Capistrano and yes, even the buyers seem to be slowly wading back into
the waters and looking at homes to purchase. The new Stimulus Package is the cause of some of this activity as the buyers realize they have a once in a lifetime advantage to get an $8000 tax credit, get a low mortgage rate and buy a new home at a fair price. As the first time homes are purchased, those sellers will hopefully become buyers of larger more expensive homes and the “ trickle up” theory will kick in, with more homes being sold as a result.
If you hoped to sell your home in 2009 and you were waiting until Spring to arrive, it is here and the time to act is now. In considering things you need to do to get your home
ready for this very competitive market, staging your home’s interior has become a must as you will often only get one chance to make a good first impression.
With spring upon us, you need to also apply the same concept to the exterior of your home. You want to be sure the lawn is mowed; the flower beds are properly edged and weeded. Perhaps this is the year to splurge on some extra special annual flowers to add color and interest to your existing foundation planting. But be careful, don’t go overboard. Too much garden space can be overwhelming to the nongardening buyer. So keep it simple, colorful, and be sure to pick plants that will give you flowers through the entire season. If you need help in deciding exactly what you should be doing inside and out, give me a call and I would be glad to give you some pointers. Our “Home Services” tab at www.HickokandBoardman.com has a group of service providers who have aligned with us to help you get your home ready for sale and get you the highest price in the shortest amount of time. Give me a call and I would be happy to do a full Comparative Market Analysis which will give you up to date statistics on the market and how our home
would compare.
the waters and looking at homes to purchase. The new Stimulus Package is the cause of some of this activity as the buyers realize they have a once in a lifetime advantage to get an $8000 tax credit, get a low mortgage rate and buy a new home at a fair price. As the first time homes are purchased, those sellers will hopefully become buyers of larger more expensive homes and the “ trickle up” theory will kick in, with more homes being sold as a result.
If you hoped to sell your home in 2009 and you were waiting until Spring to arrive, it is here and the time to act is now. In considering things you need to do to get your home
ready for this very competitive market, staging your home’s interior has become a must as you will often only get one chance to make a good first impression.
With spring upon us, you need to also apply the same concept to the exterior of your home. You want to be sure the lawn is mowed; the flower beds are properly edged and weeded. Perhaps this is the year to splurge on some extra special annual flowers to add color and interest to your existing foundation planting. But be careful, don’t go overboard. Too much garden space can be overwhelming to the nongardening buyer. So keep it simple, colorful, and be sure to pick plants that will give you flowers through the entire season. If you need help in deciding exactly what you should be doing inside and out, give me a call and I would be glad to give you some pointers. Our “Home Services” tab at www.HickokandBoardman.com has a group of service providers who have aligned with us to help you get your home ready for sale and get you the highest price in the shortest amount of time. Give me a call and I would be happy to do a full Comparative Market Analysis which will give you up to date statistics on the market and how our home
would compare.
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