Tuesday, January 14, 2020

JANUARY 2020 ORANGE COUNTY REAL ESTATE NEWS

Horton Team Real Estate Newsletter
January 2020

NEW YEAR, NEW INVENTORY

Happy New Year from the Horton Team!

With the new year, comes new homes for sale! With inventory at its lowest in a long time, and low rates pumping up demand, now is a great time to think about selling!  We've hand-picked what we think are some of the most relevant tips for keeping your home in the most salable condition. Even if you're not planning on selling your home quite yet, these helpful tips may even help you get a head start on any early spring cleaning!

BEST WAYS TO PREPARE YOUR HOME FOR SELLING

Source - Forbes.com

A few minor touch-ups can go a long way towards making a favorable impression on potential buyers — and perhaps cinching a deal.
“Put your buyer’s hat on and walk thru your home like it is the first time,” says Marilou Young, an Accredited Staging Professional and an Associate Broker with Virtual Properties Realty in the metropolitan Atlanta area.
“Make notes on what you, as a buyer, would notice,” Young advises, “and then repair or replace those items.”
Some of her top recommendations are as follows:

  1. Clean, clean, clean. Dust on top of the fireplace mantle and fan blades, polish your appliances and faucets, and give the windows a thorough washing. If you’ve already moved out or if you’re too busy to stay on top of things, consider hiring a cleaning service to stop by every couple of weeks.
  2. Pay attention to smells. Don’t cook food with strong smells. Although it might taste great, a strong odor can linger for a long time. You don’t want your home to smell like a fast food restaurant!
  3. Clear out the clutter. You want buyers to focus on how awesome your space is, not how messy it looks. Banish that pile of shoes from the entry, that stack of mail from the kitchen table and anything else that detracts from your home’s gorgeous features.
  4. Repaint the walls neutral colors. As much as you love your dramatic red dining room, it could turn off a good portion of your buyers. So repaint your rooms in neutral tones like tans and whites that allow buyers to focus on the spaces themselves, not the color of the walls.
  5. Get rid of personal items. Buyers want to be able to envision themselves in your home, so remove anything overly personal, like family photos in the hallway or your kids’ artwork on the fridge.
  6. Let there be light! Open up all the windows to let in natural light and add floor or table lamps to areas that are dim. A bright, cheery room looks bigger and more inviting.
  7. Get rid of bulky furniture. Your furniture should fit the scale of the room, so get rid of any extra or oversized items that could make your space look smaller than it really is.
  8. Organize your closets. Storage space is a huge selling point, and if your closets are stuffed to the brim, buyers will think you don’t have enough of it. Invest in some boxes, dividers and other solutions that will help you make your stuff look more organized, and remove extra items you don’t need immediately (you can stow them away until you move).
  9. Tackle that honey-do list. All those little things you’ve been meaning to do but never got around to? Buyers will notice them, and they’ll detract from the value of your home. So set aside a weekend to tighten those loose doorknobs, fix that leaky faucet and paint over the scuffs from when you first moved in your sofa.
  10. Do a faux “renovation.” Little tweaks can make a big difference in the overall feel of a room. Kitchen a little outdated? Replace the fixtures, faucets and hinges. Family room furniture beaten up? Throw some slipcovers over it.
  11. Give each room a purpose. That spare room you’ve been using as an office / guest room /dumping ground won’t help sell your home unless you show buyers how they can use it themselves. So pick a use (office, guest room, crafts room) and clearly stage the space to showcase that purpose.
  12. Keep the flow going. The last thing you want is people bumping into furniture as they tour your home; it disrupts their focus and makes your space look cramped. Do a dry run as though you’re seeing your home for the first time and tweak anything that interrupts the “flow.”
  13. Boost the curb appeal. Don’t spend all your time indoors. More than one buyer has decided not to even enter a home based on its curb appeal, so make sure your home’s exterior looks excellent. Trim your shrubs, weed your flower beds, fix any peeling paint and keep the walkway clear. Just adding a row of potted plants along the walkway or a cheerful wreath to your front door can make a big difference.

CURRENT LISTINGS

Laguna Beach

22191 Rico Road - $2,995,000
3 bd, 3.5 ba, 3460 sqft
www.22191Rico.com
31012 Aliso Circle - $2,499,000
3 bd, 2.5 ba, 2301 sqft
www.31012Aliso.com
885 La Mirada Lot - $599,000
25' x 100' buildable lot
www.LaMiradaLot.com

AVAILABLE FOR RENT

Laguna Beach & Aliso Viejo

2841 Ridge Dr - For Rent
4 bd, 4.5 ba, 4,400 sqft
$8,900 / mo
1071 Oro St - For Rent
3 bd, 2 ba, 1,536 sqft
$4,800 / mo
1576 Del Mar Ave - For Rent
3 bd, 2 ba, 1,476 sqft
$4,200 / mo
9 Woodswallow, Aliso Viejo - For Rent - LBHS School District!
3 bd, 3 ba, 1,492 sqft
$3,350 / mo

MARKET STATISTICS

Laguna Beach

Active - 187 (Down 10% vs. Dec.)
Pending - 36  (Down 3% vs. Dec.)
Sold in December - 32 (Up 45% vs Dec.)

Under $1,000,000 - 0
$1,000,000 - $2,000,000 - 17
$2,000,000 - $3,000,000 - 4
$3,000,000 - $5,000,000 - 6
$5,000,000-  $10,000,000 - 4
$11,500,000 - 1

Learn More

THE HORTON TEAM

AMANDA
HORTON

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EMAIL AMANDA
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PAMELA
HORTON

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JACE
HORTON

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