Tips for a clean closing

Do you know what to expect when you enter the final stage of your real estate transaction, known as the closing? While laws and requirements can differ from state to state, following are some tips to help ensure a clean closing.
  • Be prepared. Listen to your Realtor and real estate attorney and bring all necessary documentation with you. Before closing, the buyer should be sure to review the closing disclosure which outlines the terms of your loan.
  • Your participation is required. During the closing you will be asked to sign a variety of legal documents, and the buyer will be required to pay all associated closing costs.
  • Protect your paperwork. Also during closing, you will receive several important documents that you’re going to want to keep very safe and secure. That documentation might include your loan estimate, closing disclosure, escrow statement, mortgage note, deed of trust and certificate of occupancy.
The key to a successful closing? Communicate! Keep open the lines of communication with your Realtor, lender, attorney, etc., and be sure to ask if your have any questions or concerns. For more information, please contact The Olear Team today!

Movies every real estate agent should watch

What are your plans this weekend? Want to catch a movie? If so, check out these movies every real estate agent should watch at least once!

  • The Big Short: The film’s story brought the horrors of the bubble burst to the big screen.
  • Glengarry Glen Ross: Regarded as one of the best films of all time, this movie follows the seedy side of real estate through the lives of several salesmen who use dubious tactics to sell property.
  • The Money Pit: A couple purchases a million-dollar mansion that is up for sale for only $200,000, and things begin to fall apart rather quickly!
  • I Love You, Man: A comedy about an engaged man who realizes he has no male friends and therefore, no groomsmen, who is also a struggling real estate agent trying to sell a mansion belonging to Lou Ferrigno.
  • Pacific Heights: Perhaps the first-ever eviction thriller, this is the tale of a tenant gone bad … very bad!
  • The Wolf of Wall Street: This is as unethical as it gets. A lesson in how not to behave.
  • The Pursuit of Happiness: This film shows us that anyone can succeed with strength and passion.
  • Rocky: You may take punches, you may fall down … but always get back up!
  • Unbroken: Three people are stuck on a raft for 47 days. Of the three, the one who came out victorious was not the strongest nor the smartest, but the one with the right mindset!
  • Jerry MaGuire: The perfect film to highlight the power of perseverance.
  • 99 Homes: Following the eviction of his family from their home due to foreclosure, an unemployed man agrees to work with the real estate broker who was the cause of his frustration.
  • Closing Escrow: Three families and their agents are put to test when they try to purchase the same property.

Most importantly, don’t forget the popcorn!

Interior design tips to increase home resale value

If you’re selling your home, you want it to look its best for potential buyers. With a few easy tips, anyone can become an overnight interior designer. Following are some interior design tips to increase home resale value.

  1. Make a memorable first impression. You can do this by cleaning up the yard, cutting the lawn, trimming the bushes, replacing burned out lightbulbs, etc.. It’s common sense, not rocket science. Remember that you only have one opportunity to make a good first impression.
  2. Renovate your kitchen and bathroom. Give cabinets a facelift with new hardware, add shiny new towel racks, replace your old laundry hamper and clean everything! These two rooms should sparkle.
  3. Fix your floors. Can they be salvaged with a good cleaning by a professional carpet and floor cleaner? If not, consider replacing the flooring or carpeting with something fresh and new.
  4. Paint the walls. Neutral colors are always a safe bet. Anything too bold or bright might require a buyer of a certain taste, which could limit your ability to get top dollar.
  5. Remove popcorn ceilings. This once popular household feature is now showing its age. Remove the stucco and repaint for a fresh and modern look.
  6. Fine tune your furnishings. The last thing you want is for your home to appear cluttered and busy with too much furniture. It’s always a good idea to choose quality over quantity.

Paging through recent architectural and design magazines and publications is a good way to keep up on current interior design tips to increase home resale value. The professionals at The Olear Team are always eager to help as well. Give us a call today!

Tips on selling an old home

Whether you’re ready to upgrade to your dream house or downsize to a smaller home, selling your current house is priority number one. While your older home might have lots of character, it also might need some serious upgrades if you hope to achieve the most on the open market. Following are some tips on selling an old home:

  • Move from room to room, making any necessary repairs as you go. Look for everything from leaky faucets to cracked windows and make repairs before potential buyers come to take a look.
  • Improve your home’s curb appeal by cutting the grass, trimming bushes, replacing spent lightbulbs, painting the trim, etc. A little elbow grease will go a long way in making a good first impression.
  • If possible, have your home professionally staged to add eye-opening appeal. If professional staging isn’t in your budget, do it yourself by removing clutter and personal items such as photos and rearranging furniture to make the house more open and walkable.
  • Price your house correctly the first time by consulting with an experienced Realtor. Pricing too high could add weeks or even months before you get a serious offer.
  • If repair work is not in your budget, consider selling the house “as is.” By doing so you likely won’t receive an offer that will knock your socks off, but it will likely open the buying process up to more buyers who might not mind a fixer-upper.

For more information and additional tips on selling an old home, please contact The Olear Team today!