Real Estate Podcast With John Quinn podcast

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Investing in Memphis rental properties may be your ticket to financial freedom. With the uncertainty in Wall Street and the overall economy, a lot of people want to know where to safely invest their money. I started investing in real estate more than 30 years ago, and I continue to do so to this day. I purchase rental properties in down markets as well as hot seller’s markets. The main thing to remember about investing in rental property is that it’s not a get-rich-quick scheme. It is a long-term wealth development program. You will have your ups and downs, and there will be years when the repairs may be more than the entire rent that you collect for the year. However, in the long run, you can change your lifestyle beyond your imagination. I encourage everyone—from my clients to my own children—to invest in real estate. “Investing in rental property is not a get-rich-quick scheme.” Recently, I was asked if rentals were the right way to go since home values have jumped up over 15% in the last year. I referenced to my friend a recent news article that showed how the average monthly rental amounts have increased by 30% in Memphis during the same time frame. It just shows how much investing in the Memphis market is such a great idea. The local rental market is strong, and I expect it to be so for years to come. With a low interest rate, it only makes rentals even more attractive. Imagine if you picked up enough rentals to replace your employment income! Now that is freedom. If you are considering taking the plunge, let me know. I’ve been around this rodeo for many years; I can help you locate an excellent property or more to help you get your financial goals set. Call or email me; I’m always happy to help!…

Real Estate Podcast with John Quinn

1
Which Home Renovation Mistakes Must You Avoid?

πριν 2 years

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When it comes to renovating your home, you can spend a lot of money without actually increasing its value. One of the biggest mistakes home sellers make when remodeling is not taking a moment to reflect on why they want to make renovations in the first place. Ask yourself—are you making renovations because you like them and want to stay in your home or because you want to get your home ready to sell? If you’re renovating to sell, focus on the basics that will appeal to the most buyers. For example, keep your home’s paint colors neutral and avoid adding your own color preferences. “Before you decide to spend thousands of dollars in renovations, give me a call.” Another huge mistake sellers make is overlooking major repairs that need to be taken care of. I once went to a home where the owner remodeled everything but forgot to update the 40-year-old roof. Even though it hadn’t been leaking, it was still going to cost $15,000 to repair, and they already spent their entire renovation budget. This kind of oversight will really hurt you in the long run, so before you decide to spend thousands of dollars in renovations, give me a call. I’d be glad to visit your home, give you a free consultation detailing the necessary steps to sell it, and help you decide which kinds of renovations you should make. As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me as well. I’m happy to help.…

Real Estate Podcast with John Quinn

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3 Pre-Transaction Mistakes To Avoid as a Seller

πριν 2 years

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Sellers want to get the most amount of money out of their sale as possible. Here are three common mistakes that most homeowners make that prevent them from doing so: 1. Not Pricing Correctly. Do you price the house at, slightly above, or way above market value? That determines how many buyers will come out and take a look at your home. 2. Not Making or Disclosing Needed Repairs. Get any repairs that need to be done out of the way before getting an offer on the house and waiting for the home inspection to catch it. Not doing this can cost thousands of dollars. 3. Not choosing an agent who will represent them properly. Make sure that you get the right agent who will represent you in the transaction and guide you through all the steps in the selling process. If you’d like to know the different steps that we take to ensure you get top dollar, or if you have any other questions, please give us a call at 901-591-8100. We look forward to hearing from you.…

Real Estate Podcast with John Quinn

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Options for When Your Home Appraises Low

πριν 2 years

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Here’s what to do when an appraisal is lower than the contract price. What do you do if the appraised value doesn’t match your contract price? Does this kill the deal? I get asked these questions a lot, especially in this hot market with many homes selling for above their listing price. It’s a legitimate concern, and it’s something I deal with all the time. First of all, it’s possible for you to get the appraised value adjusted. Remember that adjusters are very busy; the difference might just be a simple typo. If human error isn’t to blame and you still disagree with the findings, your Realtor can prepare a rebuttal to get that value adjusted. They will need good comparable sales and a complete list of any updates or upgrades to the home. This can be a difficult and complicated process, but it’s not impossible. If your Realtor and lender have exhausted all other possibilities, It’s time to go back to the negotiations and see what can be done to keep the deal together. This might mean a different sales price, the buyer providing additional funds, or a combination of both. If you have any additional questions about appraisals or real estate in general, feel free to reach out to me. I am always available to help with any of your real estate needs.…

Real Estate Podcast with John Quinn

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The Future of Memphis’ Housing Market

πριν 2 years

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Here’s what you need to know about Memphis’ real estate market. Housing values have appreciated by double digits in the last two years—will this insane growth continue? The average home price in Memphis is around $240,000, which is an all-time high. This was mainly due to low inventory and great interest rates, but now that mortgage rates are higher, growth will probably slow down. That being said, home values will remain high as long as inventory stays low. Also, home prices remain reasonable in Memphis, unlike other large southern cities like Nashville and Atlanta. That means you can still purchase a home here and lock in a low monthly payment. This remains a great time to buy or sell a home. If you have questions, please call or email me. I’d love to help!…

Real Estate Podcast with John Quinn

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Should You Do Your Own Plumbing and Electrical Work?

πριν 3 years

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When selling your home, you should always get a home inspection, and when you do, electrical or plumbing issues will inevitably come up. Should you do your own plumbing and electrical work? No, hire a licensed plumber or electrician! Though I’ve flipped many homes in the last 30-some years, I always hire a plumber and electrician to take care of the home’s needs. Yes, I could do it myself, but if anything catastrophic is going to happen to the house, it’s likely going to be from broken pipes or messed-up electrical work that catches on fire. Those are two things you don’t ever want to happen to the house, whether you are living there or have already sold it. Hiring a professional will cost a bit more, but you’ll know it’s done right, and you won’t have any liability afterward. If I can ever be of assistance to you, or if you have any questions, please call me or visit my website. I would love to help.…

Real Estate Podcast with John Quinn

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Understanding How Sellers Price Homes

πριν 4 years

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If you’re like most homebuyers, you have two primary considerations. First, how can you find the perfect home? Second, can you get that home for the lowest possible price? It takes skill to do both at the same time. To make that happen, you first have to understand how sellers price homes. Sellers want to get as much money as possible. Many sellers would like to price their home way above market value, hoping that a buyer will pay that kind of a price. We want to make sure that when you are shopping for a house, you do your research and find out what it’s really worth. On the other hand, buyers want to get the house for the lowest price possible. In a hot seller’s market, a lot of buyers find a perfect home only to end up in a multiple-offer situation. How can a buyer win a multiple-offer situation without breaking the bank? The first step is to call an experienced real estate agent. We can help you with any real estate-related question, so give us a call at 901-591-8100 or go to our website. We look forward to working with you!…

Real Estate Podcast with John Quinn

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How to Sell a House That Didn’t Sell

πριν 4 years

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Even in a hot market like this one, there are still homes that go unsold. To make sure a house sells the second time around, it’s important to get an agent who can identify what the problem is. It could be anything from price, to condition, to unknown buyer turn-offs. The fixes could be quick and easy. You might just need a fresh coat of paint or some light staging. Whatever the case may be, if your home went off the market unsold, I’d love to go through the house with you and get an in-depth look at what’s preventing the home from being a buyer’s top choice and what we need to do to get it there. If you have any questions for me, don’t hesitate to reach out via phone or email. I would love to hear from you.…

Real Estate Podcast with John Quinn

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What Credit Score Do Homebuyers Need?

πριν 4 years

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There are many misconceptions out there about the kind of credit score needed to qualify for a home purchase. In fact, a recent survey showed that 24% of all renters believed they needed a score above 700 to buy a home. That’s simply not the case. We’ve been able to get people in homes with credit scores in the low 600s. Anything below that makes it really tough to get a house. If you do have a high credit score of 750 or above, you’ll be able to qualify for pretty much any type of loan. When your score dips to the 600s or 500s, it becomes more difficult for you to find a mortgage. We’ve worked with a ton of homebuyers and help improve their credit scores. It takes a little bit of time, but it’s worth it in the long run. The higher your credit score, the lower your interest rate will be. If you need help improving your credit or have any questions about buying a home, don’t hesitate to reach out via phone or email. We’d love to hear from you.…

Real Estate Podcast with John Quinn

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Is It Time to Downsize?

πριν 4 years

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In many homeowners’ lives, it becomes clear that they just don’t need all the space they have in their homes. Here are a few signs that it might be time to downsize: 1. You’re getting close to retirement. We find that many of our sellers are getting closer and closer to retirement age, and they feel that it’s just time to get out of the house and downsize. After all, all the kids have moved out, so they want something a bit smaller. “You could buy a rental property with that passive income.” 2. It’s difficult to keep up with housekeeping. If you’re getting to the point where there’s just too much work to do around the house, like lawn care and general maintenance, it might be time to downsize. 3. There are financial opportunities. Your home may have appreciated more in recent years than you realize, so selling your current one to buy a smaller one may loosen up a lot of money that you could put toward your retirement or other investments. Or better yet, you could buy a rental property with that passive income. If you find that you’re ready to downsize or you have any questions about the process, don’t hesitate to reach out to me. I’d love to hear from you.…

Real Estate Podcast with John Quinn

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Saving Time & Money on New Construction Purchases

πριν 4 years

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If you’re in the market for a brand-new home, here are a few tips that will help you through the process: 1. Get an agent to represent you. You can get the agent that represents the seller to help you, but keep in mind that that agent serves the seller’s best interests, not yours. You need someone in your corner to watch out for your best interests. 2. Look at the surrounding neighborhoods. Make sure that the neighborhoods around the one you’re searching in are compatible with your area. Will they have any adverse effects on the brand-new neighborhood that’s being constructed? 3. Research the builder. People often get starry-eyed when looking at the new construction model home and believe that everything will be perfect. Determining the reputability of your builder is important; you might even stop to speak to some of the people who already live in the neighborhood to find out if they’re satisfied with the builder’s work. It’s important to go through these little steps because chances are that you’re going to live in this new home for quite a while, and you’ll want to be satisfied with the purchase you make. If you have any questions about today’s topic or anything else to do with real estate, don’t hesitate to reach out to me.…

Real Estate Podcast with John Quinn

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4 Tips to Help You Choose the Right Property

πριν 4 years

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With inventory as little as it is in our market, it can be frustrating for buyers, and you may be tempted to buy any property you can get your hands on. There’s a better approach to choosing the right property, though, and it starts with these four tips: 1. Write down what you really want in your next home. Make a list of ‘must have’ items and items you like but can do without and give that list to your agent. 2. Narrow down the location. I’m sure you can find the perfect house, but if it’s in the wrong neighborhood, it’s not really the right house for you. I get a lot of calls from people who feel like they need to sell their house only a couple of years after they bought it because they’ve decided it’s not close enough to where they work or their kids’ school. It costs a lot of money to do that, so narrow down which neighborhood you want to live in. You’ll likely be there for a while. “Feel free to ask questions about the houses you visit, and take a good look at them.” 3. Ask questions about the houses you visit. Most of the time, when buyers look at homes, they’re only there for 10 or 15 minutes. In that short time, there’s no way to learn everything you need to know about a home. Feel free to ask questions about the houses you visit and take a good look at them. Also, try checking out the property disclosures, and make sure you order a home inspection once you’ve made an offer. 4. Make sure you choose the right agent to guide you through the process. Any agent can write up a contract, but not everyone will truly have your best interests at heart. A good agent will ensure you get the right house at the right location and the right price so you enjoy it for many years to come. If you have questions about the home-buying process or there’s anything I can help you with, don’t hesitate to reach out to me. I’d love to help you.…

Real Estate Podcast with John Quinn

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Key Questions to Ask About a Home During a Divorce

πριν 4 years

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Unfortunately, divorce is one of the main reasons why many people sell their homes. When it comes to getting a divorce, many questions need to be answered: Who will keep the house? Should both of you retain the title, or should you sell it and divide up the proceeds? Another thing that people often overlook when going through a divorce is whether or not one party should refinance the house to get the spouse who is leaving off the mortgage. We can help provide guidance on these fronts. If you have questions or need any assistance, please reach out to us. We’ve helped many people undergo this process, and we would be glad to assist you as well.…

Real Estate Podcast with John Quinn

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How Should Sellers Handle Multiple Offers?

πριν 4 years

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Over the last few years, Memphis has been in a strong seller’s market. One of the only problems sellers face in this market is what to do when there are multiple offers on the home. Do you take the highest price? The best terms? Those are really good questions, and it’s one of the reasons why we create an entire spreadsheet for our clients that spell out all the offers they receive and how they differ. We don’t always recommend taking the highest offer. Some offers are too good to be true, and you won’t find out which ones those are unless your agent does their due diligence. “We take pride in our ability to get our clients the best deal possible.” We weigh everything from price to net profit, probability of close, and type of financing. There are so many different factors to consider in an offer to determine which is best for you. The John Quinn Home Selling Team is full of home-selling experts and we take pride in our ability to get our clients the most possible money for their home and the most favorable terms. If you have any questions for us about the market or selling a home, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.…

Real Estate Podcast with John Quinn

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How to Avoid Owning 2 Homes

πριν 4 years

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Here’s a common dilemma: You want to buy a house, but you have one you need to sell, too. However, you don’t want to sell your current property without buying the new one first because you don’t want to end up temporarily homeless. In a hot market, which we’re in right now, it’s fairly easy to find a new house and get your current property sold without worrying whether it will sell or not. However, in a typical market or buyer’s market, that’s one of the main issues sellers face. This is a classic catch-22. The answers to this problem are complex and depend on many factors. One of the things we do is offer a trade-up program; if you buy a home from us and you also need to sell, this program guarantees a price that your house will sell for or we will purchase it at closing. Then you’re free to buy your next property. If you’re interested in our trade-up program, please give us a call or visit our website. While you’re there, check out the other programs we offer. One of them may be right for you. Also, if you have any questions, reach out to us. We would love to help you.…

Real Estate Podcast with John Quinn

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How Should I Handle a Low Appraisal?

πριν 4 years

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Commonly, a home’s price will be run up in a multiple-bid situation. The seller is delighted at first but will run into problems when the appraiser comes into the house and assesses it at a lower price. We recently had a home that was appraised at $30,000 below the agreed-upon purchase price. How do we handle this kind of situation? The very first thing is to look to see if there are any mistakes in the appraisal itself. Was some square footage omitted? It happened to us recently. Another time, the appraiser forgot about a garage workshop in the back that had at least $10,000 of value. “Just because you have a low appraisal doesn’t mean you have a dead deal.” If there aren’t any, we go take a look at the comparable sales that the appraiser used to justify their value. If we can find more recent or accurate information, we get that information to the appraiser to justify our protest. If the appraiser doesn’t budge, the most common course of action is for sellers to take the appraised value and use it as the sale price. However, you have other options. Maybe it’s your dream home and you have a little extra cash, so you can pay the difference in cash. Not everyone can do this, but it’s a good example of opportunities to negotiate after a low appraisal. Oftentimes, the buyer and seller end up both bringing cash to the table to meet in the middle. Just because you have a low appraisal doesn’t mean you have a deal that’s dead. If you have any questions about appraisal or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.…

Real Estate Podcast with John Quinn

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Q: What Costs Do Buyers Need to Be Aware of?

πριν 4 years

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When purchasing a home, there’s more than just the sales price of the house to consider—there are actually quite a few hidden costs that most buyers need to know about before they submit an offer on a home: appraisal fees, moving fees, tax service fees, title insurance, and more. On average, the typical closing cost on a home can equal almost 4% of the sales price. If you’re buying a $200,000 home, those costs can be upwards of $8,000. For a $500,000 home, they can be around $15,000. Suffice it to say that there are many costs involved with the home buying process. If you’d like a quick breakdown of what costs you can expect to pay in the specific price range you’re searching in, don’t hesitate to reach out to me. You can also visit my website at www.JohnQuinnTeam.com, where you’ll find a list of the things you might expect to pay for during a home purchase. As always, if you have any general real estate questions, feel free to contact us. We’d love to help.…

Real Estate Podcast with John Quinn

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Q: How Do You Pass a Home Inspection?

πριν 4 years

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When putting your house on the market, one of the biggest deal-killers is often the home inspection. So what do you need to know if you want to pass the inspection? First, check to see if you have any rotten wood that needs to be taken care of. Rotten siding, etc., can be a real stumbling block for the buyers looking to purchase your house. Also, is your roof brand-new or is it a bit older? Most people can tell if your roof is old, so you might consider getting it updated or replaced. If you’d like a complete list of things that will come up during a home inspection that will help you prep your house for the market and pass your home inspection, reach out and give me a call or visit www.TheJohnQuinnTeam.com. We’ll be glad to help.…

Real Estate Podcast with John Quinn

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Q: Should You Accept a Contingent Offer?

πριν 4 years

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One question a lot of my seller clients ask me is whether they should accept a contingent offer on their house. The truth is, most offers already have contingencies built into them—financial contingencies, inspection contingencies, etc. Those are pretty normal, but the contingency most homeowners are concerned about is one that’s based on another house selling. In some cases, this would be a great idea. In other cases, not so much. If your home’s potential buyer has a home to sell, you must ask yourself: Is the house already on the market? Is there any activity? Do they have an offer? Has the house sat on the market for a long time? “These are important factors in determining whether to accept the offer or not.” These are important factors in determining whether to accept the offer or not. Another important factor I always consider with my seller clients is the strength of the buyer in question. Can they buy the house without a contingency? Can the buyer who’s buying their house make things work? With all of these factors in play, make sure you work with a competent agent who can sift through the details and tell you whether a deal looks like it will fall through or not. There’s a lot of money riding on your home sale, and when you accept a contingent offer, your home will most likely come off the market, and all its marketing will cease. If the deal falls apart because the other house didn’t sell, you’ll have to put yours back on the market and regenerate enough market activity to get top dollar. So keep these things in mind before accepting a contingent offer. If you have questions about this or any real estate topic, don’t hesitate to reach out to me. I’d love to help you.…

Real Estate Podcast with John Quinn

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Q: What’s Coming Up in 2020?

πριν 4 years

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In 2020, most predictions were thrown out the window because this year has been very bizarre for everyone. However, I wanted to offer my predictions for how the rest of the 2020 real estate market may go. I believe our Memphis market will remain strong. Of course, it’s always possible the presidential election could change things. What we do know is that prices are increasing and buyers are receiving historically low interest rates. Though prices are rising quickly and some buyers are waiting for them to decrease, prices will likely either increase more or remain the same. “I believe our Memphis market will remain strong.” If you’re considering buying a home, now is the time to do it. If you’re thinking about selling a house, now is also an excellent time because buyers will be competing for it. In this market, you’ll get multiple offers, and that’s the best position to be in as a seller. If you have any questions or need my help, call or email me. I would love to assist you.…

Real Estate Podcast with John Quinn

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Q: What Questions Should I Ask My Agent?

πριν 4 years

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Before you hire an agent to sell your house, there are some important questions you’ll need to ask them. The first is, “What makes you different and why?” Other questions include, “What are the terms of the listing contract?” and “What’s your track record?” You want to be prepared before you even interview an agent to hire so you make the right decision. If you have questions about this or any other real estate topic, please reach out to me via phone or email. I’m always here to help.…

Real Estate Podcast with John Quinn

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Q: What’s the Latest From Our Memphis Market?

πριν 4 years

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There’s no doubt about it: The market is hot. This is probably the lowest inventory that Memphis has seen in decades, which means houses are flying off the shelves quickly, often with multiple offers. The best part is that interest rates are historically low; you can get a 30-year loan for just 3% interest—truly incredible if you think about it. Even though prices are going up, these low rates will guarantee you a low monthly payment when you decide to buy. If you’ve been thinking about buying a house, now is the time to move! If ever I can be of assistance to you or you have questions about buying or selling in this market, please reach out to me by phone or email. I’m always happy to have a one-on-one chat.…

Real Estate Podcast with John Quinn

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Q: Which Rooms Do Homebuyers Care About Most?

πριν 5 years

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Homebuyers all have something specific they’re looking for in a new home and, as it turns out, there are two rooms that homebuyers pay attention to the most when they’re shopping to buy a home: the kitchen and the bathroom. So, if you plan to do renovations on your house to maximize its value before you sell it, you’ll want to concentrate your money and efforts on those two areas. Let’s start with the kitchen. The kitchen is the place where most of your company is going to gather on the holidays and special occasions, so buyers are looking for a nice, spacious, up-to-date kitchen that they can show off to their friends and family. Make sure you have nice cabinets, countertops, and tile/wood flooring; get the old linoleum and vinyl flooring out of there. “Key tip for home sellers: Get rid of any carpet in the master bathroom!” As far as the master bathroom goes, buyers know that they’ll be spending a lot of their time in there, as well. One of the most important things to address in your bathroom if you want to sell your home for the most money possible is to get rid of any carpet you have in there. A lot of older homes also have low countertops; it’s a good idea to take those out and get the higher ones they make nowadays and put a nice slab of granite on top. You’ll be amazed at how much you’ll enjoy your bathroom yourself before you sell it. Hopefully, these tips will help you sell your home for the maximum price! If you’d like more tips or if you have any questions, don’t hesitate to reach out to us.…

Real Estate Podcast with John Quinn

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Q: Should You Trust Zillow or Realtor.com?

πριν 5 years

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Nowadays, with the internet, it’s so convenient to visit a website to find real estate information. However, the problem that we’re finding with companies like Zillow and Realtor.com is that the information they supply is not very accurate. “Most third-party sites don’t have access to the MLS.” If you really want to find the market value of your home or another home you’re interested in, it’s important to call the real estate agent who listed it or find the information on their website. Almost every real estate agent’s website will have a direct feed to the Multiple Listing Service, which means that the information is accurate. Other third-party sites don’t have access to this, so their information isn’t always up to date. If you need to find a home’s true value, reach out to a real estate agent you trust and talk to them, as opposed to someone from a company that doesn’t actually work in real estate. If you have any questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you.…

Real Estate Podcast with John Quinn

1
Pre-Listing Home Inspections

πριν 5 years

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Should you get a pre-listing home inspection? Definitely! If you don’t get a pre-listing inspection, a buyer will have their own inspector come, and they’ll give you a lengthy list of things that need to be fixed on your house. This can botch a home sale for many reasons. Usually, buyers will demand that professional electricians, plumbers, and so on do all of the work. However, when you get a pre-listing home inspection done, you are in charge of what gets taken care of, how it gets taken care of, and who does it. You won’t have any shocks once the buyer’s inspection happens. “When you get a pre-listing home inspection done, you are in charge of what gets taken care of, how it gets taken care of, and who does it.” The best thing to do is to get a home inspection on your house before you put it on the market. That way, you’ll know what needs to be done ahead of time. Unfortunately, too many home sellers wait to get things fixed until the buyer’s inspection and are upset by the amount of work that needs to be done and what the price tags are. If you do your own inspection beforehand, you can go through the list of upgrades, choose the professionals to do the work, you won’t have a closing deadline to worry about, and you’ll end up saving money. Also, your real estate agent can help find contractors with fair prices. Even if your home is only a couple of years old, it’s critical to get a pre-inspection done. If there’s anything I can do for you, or you have further questions about getting a pre-listing inspection, feel free to call or email me. I would love to help you.…

Real Estate Podcast with John Quinn

1
How Real Estate Teams Really Work

πριν 5 years

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I’ve been in the real estate industry since the late ’80s. When I first started, there were no real estate teams. Each agent operated their own separate business, and occasionally a top producer might hire an assistant to help with paperwork. Over the last few decades, many of those solo agents have shifted to a team structure. There are a lot of teams in the industry these days, but there’s an ugly truth behind them. “Find a team where the leader is an experienced agent.” Many agents are concerned more with quantity over quality. Before the ink has even dried on someone’s real estate license, many will start hiring these new agents underneath them. Having 20 agents on a team means nothing if they have a combined two years of experience. Even though you have a team working for you, you don’t have that experience to be able to handle a real estate transaction successfully. If you are going to hire a real estate team, find one where the head of the team has been in the business for a long time and has the experience and knowledge to show for it. They will know the ins and outs, how to negotiate for you, and how to conduct a successful home sale or purchase. If you have any questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.…

Real Estate Podcast with John Quinn

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2 Home Improvements That Give You a Big Bang for Your Buck

πριν 5 years

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Some of the least expensive and most dramatic changes you can make to your house involve paint and carpets. If you’ve lived in your home for 10, 20, or even 30 years and haven’t repainted or installed new carpet, you should consider doing so if you plan on putting your home on the market to make it show well. When painting, make sure the transition between the trim and the walls has smooth, straight lines. If you’re not confident in your painting ability, hire a professional painter. They’ll take care of this important detail, and buyers will notice that your home has been professionally painted. “These two tasks will give you the edge over your competition when you put your home on the market.” If you can just steam-clean your carpet to make it look brand new, that’s great, but most homes I visit have carpet that’s been there for five to 15 years, and steam-cleaning won’t do the job in that case. If you’re in a similar situation, you’ll have to replace your carpet entirely, and I suggest using a single, neutral color for every room. Don’t go cheap, but you don’t have to get expensive either. Just install a nice carpet with a good pad that buyers will notice when they walk through the home. If they see you’ve spent good money on the carpet, that could be the deciding factor in them choosing your house over a similar house with old carpet. These two tasks will give you the edge over your competition when you put your home on the market. As always, if you have questions about this or any real estate topic or are thinking of buying a home soon, don’t hesitate to reach out to me. I’m happy to help.…

Real Estate Podcast with John Quinn

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Things That Won’t Bring Significant Value to Your Property

πριν 5 years

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There are a lot of upgrades you can make to your home, but investing heavily in them doesn’t always work out. Spending a lot of money on professional landscaping, for example, won’t result in a dollar-for-dollar return. Adding a new roof, new gutters, or a swimming pool will raise your home’s value, but it won’t translate into more money for you when you sell. A new roof may take $10,000 to install, but it won’t bring an extra $10,000 of value to your home. When most buyers shop for a house, they expect you to have a good roof in the first place. The same goes for your HVAC and plumbing systems. If you have any questions about what you can do to your home to bring the highest possible return on investment, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.…

Real Estate Podcast with John Quinn

1
How to Improve Your Credit Score

πριν 5 years

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I’m asked a lot about credit scores and how people can help them go up. We know that the top possible score is around 850. Only one person out of 200 is going to have that perfect score, with most people’s scores running in the 750 range. Once you start getting into the 600 range, financing gets a bit tougher. If you’re in the 500 range, it’s going to be even harder. If your score isn’t where you’d like it to be, here are a few things that you can do to help it go up: 1. Make sure you’re not overextended. Your credit balance should never be over 30% of your limit. If you have a lot of different cards, you might want to cancel some of them so that you only have a few. “Once your score goes up, your interest rate will go down.” 2. Don’t be afraid to refinance. If you can refinance your home and get a lower interest rate, it will show that you have paid off one mortgage and now have a new one, which will help your credit score go down. 3. Make sure all your revolving credit is paid regularly. This includes car payments, housing payments, and credit cards. Don’t wait until the day before the late fee is due because even that will hurt your score. You have to pay everything on time. Once your credit score goes up, your interest rate will improve and it will be much easier for you to buy a home. If you have any questions for me about your situation or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you.…

Real Estate Podcast with John Quinn

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Ways to Eliminate Stress From Your Mortgage

πριν 5 years