Do you have a slow mover? Today’s market is full of agents who have the same story to share. Here are two ways to energize that slow moving property.
1. Offer upgrades or improvements to the home when writing the contract. Would the home sell better if it had a new roof? How about new floor coverings? New appliances and countertops? If so,then go ahead and offer the home for sale that way. Builders do this all the time –and so can you. If you have a favorite contractor,have him/her put together some bids for various improvements,use photos of the new appliances,leave carpet samples or countertop pieces out during for a potential buyer to preview. “Price includes new…”
A home energy audit is often the first step in making your home more efficient and desirable,not to mention more valuable. An audit can help you assess how much energy your home uses and evaluate what measures you can take to improve efficiency. But remember,audits alone don’t save energy. You’ll need to implement the recommended improvements.
2. One of the best ways to offer home improvements after the sale is through an FHA 203K Rehab loan or a USDA Rural Housing Rehab loan. The buyer can finance anywhere from $5,000 to $35,000 on top of the loan amount to pay for improvements. And,with energy costs rising daily,don’t forget that energy improvement-type repairs may be financed through an FHA Energy Efficiency Mortgage.
Get more info about how an energy audit can benefit you in Central MS. Visit Bo Smith with Cornerstone Home Lending for all the ins-and-outs of the EEM.
If you have five minutes and your last 12 months of utility bills,use the ENERGY STAR Home Energy Yardstick to compare your home’s energy efficiency to similar homes across the country and get recommendations for energy-saving home improvements from ENERGY STAR. You will also need to enter some basic information about your home (such as zip code,age,square footage,and number of occupants). If you don’t have your bills,contact your utility for a 12-month summary.
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