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Del Mar Real Estate Tips
Preparing to Sell Your Del Mar Home
Experienced agents know what puts prospective buyers off when they view a home, especially Del Mar. For example, when buyers find dirty dishes in the sink, notice offensive pet odors or spot obvious stains suggesting a leaking roof they begin to devalue the property. Some buyers may decide to pass on the house completely while others may think about making an offer way below the asking price. So, a good agent’s first step is to help the homeowner see the house as others will see it and take care of problems.
Finding a Buyer for Your Del Mar Home
Once your Del Mar home is ready to show, your agent will list the property in the MLS or Multiple listing Service. Most homes are sold as a direct result of their listing in the MLS, which today also means the home will get extensive Internet exposure. Other ways that your agent will use to find buyers include advertising in newspapers and magazines, holding open house and signage.
Del Mar Home Inspection
The purpose of a thorough home inspection is to ensure that Del Mar home buyers know exactly what a home’s condition is prior to completing the transaction. A good Del Mar home inspection should include an evaluation of the foundation, framing, roofing, site drainage, attic, plumbing, heating, electrical system, fireplaces, chimneys, pavement, fences, stairs, decks, patios, doors, windows, walls, ceilings, floors and built-in appliances. All significant or pertinent findings should be reported in writing to the prospective Del Mar homebuyer. The home inspection report gives the Del Mar homebuyer the information he or she needs to determine whether to buy the property as is or to ask the seller to make repairs.
In most cases, when an Del Mar homebuyer makes repair requests, sellers usually agree to some if not all of the conditions.
Green Remodeling Your Del Mar
Reduced material waste and resource conservation. When remodeling your Del Mar, there is often a large amount of construction waste: 136 million tons of waste annually, or about 20% of the waste in landfills, according to the EPA.
If you are planning to remodel your Del Mar anyway, going green offers money-saving advantages. In addition to increasing the value of your home, you will cut monthly operating costs, reduce waste and improve overall health.
The Benefits of Selling Del Mar
If your Del Mar holdings consist of both a personal residence and a rental, you can sell your personal residence and exclude up to $250,000 ($500,000 for a married couple) on the gain. Then you move into your rental, live in it as your personal residence for two years and then sell it, again benefiting from the $250,000 or $500,000 exclusion. This is true even though most or all of the increase in value occurred before you converted the property to your personal residence.
Del Mar BASICS
Location, location, location pretty much describes the basics of all real estate markets and the Del Mar market is no exception. A lovely estate home next door to a power plant or on a hill where major sliding has occurred is not as valuable as that same home in a quiet, tree-lined neighborhood. This is why most astute buyers tend to rely on real estate agents who are well versed in the community and know the area well.
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