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Tag Archives: real estate

Staging with Storage

One of the things that is challenging for families selling homes is dealing with toys and other things that clutter up the house.  We still have to live in the home, but we also need to make it attractive for buyers.  In the video are some great tips for accomplishing both goals.

We can even do this in the garage… same idea, we still need to be able to work on the toys, but we need to keep it neat and presentable.

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Groovy Site for First Time Home Owners…

exterior
Image by lane.bailey via Flickr

The time is getting late for those that wish to take advantage of the Tax Credit for First Time Home Buyers, but for those that are going to hit the marks, or for others that might be in their first home, here is a pretty cool site that I ran across…

First Home Experience

The company that put the site up is American Home Shield.  They are a home warranty company… keep that in mind as you surf the site.  There is still some good information, and some contests that might net you a few freebies…

If you haven’t already bought a home, and want to get it done before November 30th… the clock is ticking.  Better call me right away…

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Want a little promotion?

DSCN2801
Image by lane.bailey via Flickr

We don’t have a million readers (yet), but would love to be able to open up my blogs to local (or in some cases, not-so-local) businesses to “Guest Post” on LaneBailey.com, LilburnDwellings.com or GarageHomesUSA.com.

Read more ...

Lane Bailey on FaceBook…

In The Facebook Show Second Nature projects th...
Image via Wikipedia

Perhaps you’ve noticed the sidebar widget with the Wall Posts from Facebook…  Maybe you are getting this via RSS and haven’t seen it…  Well, I wanted to take a few minutes and do a little cross promotion.

I’d love for you to join my FaceBook page.  I am going to try to be better about posting up links and tidbits there regarding Gwinnett County, real estate and garages.  Basically, the things that are too short to make a blog post…

So, drop in, become a fan and get all of the latest updates.

And don’t be shy.  I’d love to hear from you here or there!

Lane on FaceBook

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First Time Home Buyers… I just found a REAL bargain…

Abandoned mine buildings (Anaconda Copper Mini...
Image by mlhradio via Flickr

The October issue of Realtor Magazine (our industry magazine) had an interesting article about dispelling myths while educating first time home buyers.  The third point was about the realities of “bargains”.

There are absolutely some bargains in the market…  But, often those properties that are the real bargains are NOT the ones that have rock-bottom prices.

The HECK you say…

Really…  I have been in some pretty cheap properties in the last few months.  It seems that a house priced at $25,000 in a neighborhood or $150,000 homes would be a slam-dunk, right?  That deal starts to look WAY less attractive when the issues get added up…

  • roof
  • mold
  • floor coverings
  • appliances
  • plumbing fixtures
  • electical fixtures
  • copper wire
  • copper plumbing
  • landscaping (not to make it pretty, but to stop water from washing away the foundation)
  • HVAC
  • driveway paving

Seriously, I looked at a house that needed all of that.  It would be faster, easier and probably cheaper to bulldoze the house and start over.  Since the lot would be worth about $10,000… and it would take about $15,000 to clear the lot and get it ready for a new building… This wasn’t a deal.

Of course, most aren’t that severe…

However, there are a lot of times where one house will be significantly cheaper than another for sale, but after correcting its issues, it actually ends up costing more.  It might be simple things like carpet and appliances, or maybe something more involved, like a roof or HVAC.

This often ties back to “I need to see all of the options“, presented earlier.  In this case, we just want to get a look to make sure that it really is in that bad of shape.

I have looked at a lot of “bargain” properties and have a pretty good feel for them.  There are some great deals, but they are usually not the first ones to present themselves…  They are generally in much better shape and slightly more expensive.

Finally…

Remember that the deal properties often still need work.  And it is probable that the buyer will have to come up with cash for that work, in addition to downpayment and other closing costs… it isn’t something to bootstrap.

from GwinnettGarageGuy.com

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