MAY 2021 | WHAT’S IN THIS ISSUE?
» How to speed up home buying in a seller’s market
» Spring floods: How to handle water in your basement
» Wall colors shining in 2021
How to speed up home buying in a seller’s market
It’s been a competitive year for real estate buyers across the country. House hunts have been getting longer, as shoppers find themselves competing with multiple offers for nearly every house. To help move things along, try these four strategies.
- Get pre-approved. In a seller’s market, you need to move fast. Having a pre-approval letter ready to go is the key to speed. With it, you’re able to make an offer as soon as you see a house you like.
- Minimize contingencies. When multiple bids are in play, sellers will be put off by offers with strings attached. Basic contingencies are usually acceptable, such as inspection results and financing. But anything unusual or picky will likely get your offer thrown out early.
- Don’t nickel and dime. Underbidding on a house doesn’t work if there are multiple offers. You’re better off being up-front about the price you’re willing to pay. Bid as high as you feel comfortable with, after researching nearby comps and likely mortgage payments. If you can’t at least offer the asking price, your odds of winning the bid are low.
- Introduce yourself. Sometimes, an offer letter can make all the difference. For example, a seller who has loved their home for 30 years may like you and your family much better than a faceless property developer. Even if you’re offering a little less money, your personal story and charm may be what put you into winning territory.
Spring floods: How to handle water in your basement
Nothing wrecks the beauty of spring like a basement flood. If you’re one of the unfortunate souls who ends up with rising waters this year, here’s how you can handle the problem.
Get the water out. The first step is to remove water as soon as safety allows. The longer water sits, the more damage it does. If the flooding is weather related, you may have to wait until the storm has passed. Depending on how much there is you can remove water with towels and sponges or a wet-dry vacuum. If the flooding is severe, you can hire a specialist to pump the water out.
Dry everything off. Set up a dehumidifier to draw out as much moisture as possible. Move anything you want to save out of the basement and into a dry, well-ventilated space. Let items dry completely before putting them away. If you have carpet or dry wall, remove what was damaged to prevent mold and mildew.
Fix the problem. A basement shouldn’t flood in the first place. Flooding may be due to burst pipes, broken pumps, bad seals, foundation problems and more. Solutions range from easy fixes, like clearing clogged gutters, to major interventions. Whatever the solution, do everything you can to make it happen. Otherwise, you’ll end up underwater again in the future.
Wall colors shining in 2021
So many wall colors are trending in 2021. Some evoke coziness, others are moody, yet others optimistic. Here are a few examples of each:
- Cozy: warm earth tones, soft blues
- Moody: deep, de-saturated reds and purples
- Cheerful: blush, bright yellow and teal