Home FeaturesSelling September 24, 2015

What Sets Your Home Apart From All Others On The Market?

When you are getting ready to list your home think about those things that set your home apart from the rest. Take a step back and approach it like the potential buyer who will make an offer on your home. And, remember 2 keys ideas: 1) You don’t live in your home the same way you sell it. 2) It only takes one buyer.

If you can’t find the one thing that sets your home apart you can do 3 things: 1) Go online to virtual tours to see the homes your home is competing against. Look at homes in the same area and priced the same as you plan to list yours. 2) Go to new construction homes nearby to see how their designers arranged the furniture. Unfortunately, even if your home is a true custom – one-of-a-kind home – it doesn’t necessarily set it apart from the semi-custom homes. Semi-custom homes are constructed with integrity and if they are brand new they can show better than a home that is 10 years old that hasn’t been kept up or is dated. So, again, ask yourself what sets my home apart from all the rest? 3) Go to open houses or ask your Realtor to take you to a few homes that are direct competition.

Once you have done all you can to position and market your home then you have to wait. Waiting can often times be the hardest and most demanding part of the process! It’s not only challenging for you as the seller, it is challenging for the Realtor. Yet, the one thing I know is homes sell. We have received offers on every home we have listed so far. We have had a couple people who choose not to sell and wait for the better offer.  From personal experience that is tough. We had a house we bought to flip and we didn’t get the price we wanted so we decided to rent it out. 8 years later we sold it. During those 8 years we learned a lot. My biggest advice on not taking an offer – consider what it costs to hold your house – monthly and annually: property taxes, maintenance, utilities, and the cost to get it back into show quality in order to sell it.

So again, what is it that sets your home apart? The pictures in this post are pictures of recent homes I’ve toured and interesting features that stood out to my clients.

SellingThe Real Estate Business September 23, 2015

FSBO: Penny Wise Or Pound Foolish?

I’m all about saving money.  If I can find a shirt or pair of pants for a deal, I’m in.  In fact I only look at the racks that say CLEARANCE or 50% OFF.  It was how I was raised.
So when people talk about selling their house without a Realtor. My first inclination is always, “why not?”  If you can save some money, it makes sense.  Or does it?
That discounted pair of pants I’m always looking for may cost me $30, so the risk is pretty low. Selling your house? A house that costs $100,000 to $500,000 or more may be a little different.  Think about it this way. If you were being sued for $100,000, would you represent yourself?  What about $50,000? I’m guessing your answer is, “no.”  So why would you take such a risk with your most expensive possession?
When you “For Sale by Owner” (FSBO), who is protecting your interests? Consider the following:

1. Most buyers are represented, so instead of saving the full commission, you are only saving half. Saving even half is great, but at what cost?
2. Because most buyers are represented, they are going to have the upperhand in negotiating both the offer and the inspection. More often than not, that experience will save you an equal or greater amount than you would have spent for that experience.
3. How does title insurance work? Why do you need it? And who do you call to get it?  An agent has the answers and the connections.
4. Every home seller in Indiana owes about one year’s worth of property taxes payable to the buyer at closing. While it is negotiable because home owners pay taxes in arears, it is standard that the seller credits the buyer those taxes that are coming due.
5. The seller has to be available to schedule showings and then let potential buyers in the home.  Not only is this an inconvenience but a potential safety risk. Also, buyers feel uncomfortable around the selling homeowner. The separation that an agent creates, provides comfort to the buyer, making it easier to present an offer for the home.
6. How does a seller know what the correct listing price is for their home?  Proper pricing is key to selling for the highest price in the shortest amount of time. Zillow’s Zestimate may be correct, but it can also be $10,000 to $20,000 off. Is that a risk worth taking?

If you are considering selling your home on your own, do youself a favor and give us a call at The Lugar Team (317-572-5033).  We’ll provide you with a no obligation consultaion about the current market and what it will cost to sell your home. We believe we can save you time, stress, and money. We’re here to serve you.

Selling September 23, 2015

Do You Remodel Before You List Your Home For Sale Or After?

Do you remodel before you list your home for sale or after? This client is remodeling before. Beautiful remodel coming to the market soon.  317-572-5033

Home Maintenance TipsSelling September 23, 2015

Upgrade Your Flooring To Attract Buyers

I recently showed a client a house that was a little dated in its appearance but overall a nice place.  It needed a little cleaning or sprucing up, but it had a good floorplan, a lot of interior space, and a huge fenced backyard.  Unfortunately, my clients couldn’t see the potential.  Instead they saw a lot of dollar signs.

There was a strong pet smell, wearing carpet on the stairs, and kitchen cabinets that were fading with doors askew.  But the greatest offense were the five different types of flooring on the main level.  As we entered the house there was a cream colored tile that appeared to be original to the house.  It was in good condition if not a little dated.  In the study to the left was brand new dark laminate which was very nice.  To the right of the entry was a newly carpeted dining room. Enter the family room and there was a tired blonde colored laminate. A couple steps away, the kitchen featured vinyl tile squares that had seen better days.

That’s right. Before even going upstairs, which was all carpeted, this home offered ceramic tile, two types of laminate, carpet, and vinly tiles on the first floor. This probably saved the home owner money and worked for their lifestyle, but a hodge podge of flooring will only scare the buyers away. While one room may really need help, enhancing only that room may highlight the negative features of the other rooms.

While new flooring isn’t cheap, it is a simple upgrade that can pay huge dividends.  It can help you hold your price, entice buyers to make an offer, modernize a house, and eliminate offputting odors. With a little elbow grease and a vision for a consistent flooring theme throughout the main floor and the home, the sellers would increase their chance of selling quickly and for top dollar.

Spending a little extra to continue your flooring theme can pay dividends literally and figuratively.

Selling September 21, 2015

The Invisible Deterrent To Selling A Home

There are many reasons why a house will not sell. As a Realtor, I go through that long list with my clients regularly. I talk with my clients about price first and foremost, but after that we discuss curb appeal, staging, carpeting, cleaning, fluctuating interest rates, and the dreaded slow market. While most sellers are a bit blind to the flaws of their own house because they have learned to live with them, one hinderance is often completely invisible yet right under their nose.

What is it? The smells in their home.

I liken it to a person not being able to smell her own breath or body odor. Home owners get so used to the smells of their home that they don’t really smell them anymore.

And what are those smells?

  1. Pets – Our furry friends – Cats and Dogs – bring their on unique aromas that can be masked, but will usually re-emerge over time.
  2. Mildew – Vacant homes can quickly start smelling mildewy without regular traffic throughout the home.  It is not always a sign that something is particularly wrong with the home, but it can scare a buyer away pretty quickly.
  3. Cooking – While the smell of fresh bread or cookies right out of the oven can be very enticing and a great lure for buyers to make an offer, the smells of curry, garlic, or onions can be a big turn off when you’re not the invited guest to a dinner party.
  4. Candles – Too much of a good thing can often be a bad thing.  The saying, “All things in moderation,” also applies to adding sweet smells throughout your home.  First, some buyers don’t love vanilla or pumpkin spice wafting throughout a home.  Second, too much flower power can make the buyer think the seller is hiding something (such as items 1-3).
  5. Other – Mothballs, sweat adolescents, toxic cleaners, cigarettes, etc.

The smells of a home are perfectly fine while the home owner lives in the home, but as soon as it goes up for sale, the sellers has to change his ways.  This may mean changing the carpets and curtains that have absorbed the smells from years of home activities.  Steam cleaning may work, but usually those deeply imbedded smells will rise back up to the surface.

While the real estate agent should let the buyer know about the smells, many agents will be afraid to be honest and offend the buyer and risk losing the listing.  As a double measure, the buyer should invite a friend or two over and get a straight forward opinion.

Eliminating home odors can quickly lead to the wonderful smell of money.

Home Maintenance TipsInterior DesignSelling August 11, 2015

Five Tips For Replacing Your Carpet

Carpet is expensive.  Pretty much like everything else that goes into keeping your house updated and fresh. We have clients who recently spent $18,000 to re-carpet their home with top of the line Shaw carpet.  We’re a little more thrifty and spent $3300 to put a mid-grade carpet in a former rental that we were selling. Either way, putting in new carpet is probably going to reach at least four figures.

When it comes to selling your home, carpet can be a major factor in finding a buyer. Moderately worn or stained carpet may be okay to live with when they are your stains and traffic patterns, but a buyer isn’t so willing to accept those blemishes. So what do you do?  Do you replace all the carpet? Do you patch a section? Do you only re-carpet specific rooms? Maybe it’s time to forego carpet all together and put down laminate or hardwood.

Here are five things to consider when you prepare to re-carpet:

1. Don’t go super cheap. When we cleaned up our rental property in preparation to sell, we dedicated $10,000 to paint, put in new carpet, install laminate flooring, and stain the kitchen cabinets. We got quotes from multiple flooring vendors and found pricing all over the place. One vendor said they specialized in putting in carpet for houses going on the market. I about choked on their price for a very low grade carpet. I also looked to independent contractors who would install the carpet I purchased from a big box store. This price was reasonable but I wasn’t eager to have to do some of the leg work myself. Eventually I found a wholesaler who would do everything for the same price as the contractor.  I was able to get a mid-level carpet installed and saved a few thousand.

The goal is to give an appearance of quality, which makes sense.  To do this you need adequate carpet and a quality pad. One of the big mistakes sellers make is that they put in a cheap carpet and pad and then ask buyers to remove their shoes as they tour the house. Nothing reveals bad carpet like the sock-feet test. The seller is better off having the buyer keep on their shoes in this case.

You also don’t want to overspend. Unless you are selling an elite, luxury home, you just need something that presents the house well. Getting any return on your investment in carpet is hard enough. Going top of the line makes it that much more difficult.

2. Don’t just do the hallway and mismatch the bedrooms. I have to admit this is my pet peeve. All I can assume is that people do this to save money and the carpet salesman encourages it because they think it’s better to sell some carpet than none at all.  Unfortunately, from a buyer’s perspective it’s a big no no.

We regularly say to our sellers that you live in your home differently than when you are selling your home. A little carpet stain can be ignored when it is your stain. A foggy window isn’t that big a deal. But when a buyer sees these things, they think about more repair expenses. You may not mind mismatched carpets between the rooms and hallway, but a buyer does. It’s a little thing, but remember, the buyer is spending hundreds of thousands of dollars and little things start to add up.

3. Don’t let the carpet guy pick your colors. Carpet salesman have one major task – sell carpet. While they may have your best interest at heart, they may also need to get rid of an overstock of rose colored rolls of berber.

I once thought I might need a new roof on my home, so I called a roofer and asked him to come to my house and tell me the condition of my roof and whether I needed a new one.  Instead of coming to my house, he immediately told me on the phone that I needed a new roof.  Confused, I asked how he knew that since he had not seen my roof. His response was this, “I’m in the business of selling roofs. If I come to your house and look at your roof, I’m going to tell you that you need a new roof.”

If you ask you carpet salesperson what the latest trends are in style and color, they may give you an honest answer. However, that answer may not be correct. I’m pretty sure a wallpaper salesman will tell you that wallpaper is a better choice than paint.  The best thing to do is ask a designer or Realtor.  They see the latest design trends everyday, and are unbiased.

4. Don’t just pull up the carpet and expose concrete or floor boards. If you have a mess on your hands with disgusting carpets, you are better served to replace the carpet than expose what’s underneath. We had a client pull up the carpet on their home only to show the cracked concrete slab beneath.  While it is normal for concrete to crack, every buyer that saw it was afraid the house was going to fall off its foundation. Adding new carpet solved that problem.

Most buyers lack vision, so when they see exposed subflooring, they are afraid. They cannot visualize what a space will look like with new carpet or laminate. By putting in new flooring, what you don’t get back in the cost of the replacement, you most often will get back in selling your home quicker.

5. Patch only a small section. Sometimes there is only one big stain in an otherwise hardly worn carpet. To solve this problem we have hired a carpet specialist to cut a replacement piece from a closet or use a matching remnant to repair the spot. We had a client who in the process of moving remembered that they had covered a grape juice stain with the couch years before. Instead of surprising the new buyers with this formerly hidden stain, the sellers repaired the spot and everything looked perfect. Often times, it is hardly noticeable and can save thousands of dollars.  Of course this is a solution for a single spot and not for multiple stains throughout a room.

In the end, when you are trying to sell your home, new carpet can be just the remedy to finding the perfect buyer, but you need to do it right. None of us want to spend any more money than we have to to find a buyer, but strategic carpet replacement can be the key to selling or not and holding on to the highest price possible.

Uncategorized July 17, 2015

Edwards Recommends Greater Indianapolis Realtor Elisabeth Lugar 317-572-5033

I really enjoy helping people find their first home. It is so great to be appreciated!  ~ Elisabeth 

Home FeaturesHome Maintenance Tips July 11, 2015

Great Ideas For Kitchen – Renovated Kitchen In Carmel, IN

Great renovated kitchen in Carmel. Do you have a preference for light or dark granite against cherry cabinets?

This home is located in Carmel, Indiana with a fenced backyard, close to Clay Terrace and the Monon Trail and under $250,000. They have renovated the entire kitchen with a light granite against cherry cabinets that extend to the ceiling and stainless steel light fixtures. Call Jack Lugar or Elisabeth Lugar at 317+572-5033 if you would like to schedule a showing on this home or need a sold realtor to represent you in the buying process.

Want some great ideas for kitchens? Click HERE and Click HERE where you will read more about how  “The kitchen island is often a central gathering spot in the home, in addition to being a functional, much-used workspace. That’s why it’s important to light it right. I’m a fan of hanging fixtures, which, if chosen correctly, provide ambient and task lighting while acting like beautiful jewelry. Here are a few key tips for selecting kitchen island lights that get the job done while looking great.”

The Real Estate Business July 8, 2015

I’ve Had Some People Recently Ask How Jack And I Work Together

I’ve had some people recently ask how Jack and I work together? We work as a team. He takes the lead and works directly with some clients. And, I take the lead and work directly with some clients. Yet, we work in the background with all our clients Some times I will show homes, go to inspections, etc… and other times he will do the same for me. That way we can best serve our clients. It works out pretty good! Here is a home Jack just sold to our clients! #‎happydance‬

~Elisabeth Lugar, Real Estate Broker, 317-995-1128

BuyingHousing Trends & Market Updates July 7, 2015

What Kind Of Home Can You Get For Around 1 Million In Indianapolis?

Always Thinking of Our Clients

What kind of home can you get for around 1 million in Indianapolis?

We are looking for homes for our clients and we came across this gem. Let us know if you would like to see it. It is listed for 1,125,000. Here are some details: Water front property. Totally renovated & updated inside/out. Shows like brand new home. Beautiful views of Geist Lake. Walkout decks on entire back. All new flooring hardwoods, carpet & tile. Gorgeous oversized kitchen, granite, gas top range. Plenty of cabinets for storage. 5 Bedrooms with brand new baths. Granite and stone wet bar perfect for entertaining. New added boat room with full bath, a perfect place to enter to your private boat dock. 242 ft water frontage. New driveway with turnaround. Professionally landscaped.

We work hard to locate the perfect home for our clients. One that works for their needs and wants and budget.  Ultimately you want to have a home that you feel comfortable in and allows you to travel and enjoy your life. If this home is a fit for you, give us a call at 317-572-5033 and we will schedule a showing.

Elisabeth Lugar and Jack Lugar / Lugar Team at Century 21 Scheetz