Real Estate

3 Ways to Make Your Offer Stand Out

A recent trend in real estate, in the Northeast Kingdom is the increase in activity for homes in the $150,000 to $200,000+/- price range. As we continue to see low interest rates, the number of actively-looking home-buyers increases.

In the last couple of months, at Tim Scott Real Estate alone, we’ve had five of our listings in that price range go under contract within 2 weeks of listing! Four out of five of those listings had multiple offers.  Great news for Sellers – if you’ve been considering listing your home and fall into that price range, it may be the perfect time to act. 

However, as a Buyer in this competitive market, if you become one of multiple offers on the house - what can you do to make your offer stand out?

1. Have Your Pre-Approval Letter Ready to Go

If you’re going to be financing the property make sure to have your pre-approval letter updated and present a copy of the letter with your offer. If you feel that having the full amount of your pre-approval will inhibit your negotiations, have your loan officer provide you with a pre-approval letter without the full amount your pre-approved for. Your lender can change the number to coincide with your offer. Most sellers will not even consider an offer from a buyer that has not consulted with a loan officer.

2. Less is More…When it Comes to Contingencies

Even if the amount your offering is strong, sellers can feel overwhelmed if the offer comes with a laundry list of contingencies. The less contingencies there are, the better the chances the property will close and therefore be more appealing to sellers. Keep only the contingencies that are important and protect you as a buyer.

3. Include a Personal Letter

Although home owners want to get top dollar for their properties, it also can be a very emotional experience. Write a letter to include with your offer describing who you are, what your family is like, and what you love about their home. It can be very reassuring to a seller to know that the next home-owner will love the house as much as they did. It can be that extra weight to tip the scales in your favor if the competing offers are similar to yours.

Contact the team at Tim Scott Real Estate with any questions about the home buying or the home selling process.

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4 Tips to Keep Your Focus When Searching for Your Dream Home

Haven’t we all put at least a little thought into our fantasy home? It’s easy to do, especially if you are active on Pinterest! It’s fun to “pin” images of immaculate and professionally designed homes with expansive kitchens with commercial appliances and backyards that would require the hiring of a full time gardener.

An important  step in finding the right home for you, is finding the right balance between wishlist and reality.  Regardless if you are a first time home buyer, moving up, or downsizing, when you are ready to start house hunting you have a list of features you’d like to have in your home. That’s great – it’s important to know what you’re looking for, but I have a few pointers that may help if you a struggling to make a decision.

1. Avoid the Phrase “Move-In Ready”

For starters, “move-in ready” is a really broad description. There is a difference between wanting to avoid major renovations and being able to move in without making any changes or repairs. People’s taste in décor varies and unless you are buying a brand new house, the house is not going to be in perfect condition (even brand-new houses can be in less than perfect condition).

2. Realize That FOMO is a Real Thing and You May Be Experiencing It!

FOMO (fear of missing out) happens to the best of us. This can happen when you’ve been viewing homes and you find one that you want to make an offer on, but you fear that as soon as you do, a better one will come on the market. Just remember, it’s natural to be nervous – purchasing a home is a big decision, trust your instincts and keep your eye on the prize!

3. Decide What is (Really) Important

You’ve made your list, but after viewing a few houses, you are discovering you may have to whittle your list down according to your budget and realities. Try this exercise- make a list of all your wants, circle the top ten must-haves on that list, then put a star next to the most important five items. You could even take a step further to the most important three items. House hunting is easier once you establish what your top priorities are.

4. Find a Real Estate Agent You Trust

Sometimes after you start actively looking at homes, the ranking of your wish list can change. It is really beneficial to work with one real estate agent. When you work exclusively with one agent they learn more about you and what you are looking for in a home. It’s important to choose an agent you feel comfortable with. Find someone that won’t rush you, takes the time to find out the answers to all your questions and can help guide you through the process of buying a home.

Feel free to contact the team at Tim Scott Real Estate with any questions.

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5 Tips to Avoid Moving Day Panic

Whether you’ve lived in your home for a year or sixty years, have a large house or a small apartment, moving day can be a tremendous chore if you’re not prepared. It’s truly amazing how your possessions can seem to multiply as you start to pack them. If you are selling your home, your house has to be “broom clean” prior to closing. If you put off moving to the last minute, it can be a very stressful experience. Here are some tips to consider before you reach the point of moving day panic.

 

1. Start the Day You Decide to List Your House.

One of the very first tips the team at Tim Scott Real Estate will give you, once you decide to sell your home is to remove excess clutter. This is one of the most beneficial rules of staging – plus it gets you started on the packing process. Go through closets, cabinets, basements, garages and if you’re not using it - either pack it, donate it, or toss it.

 

2. Make Some Meals Ahead of Time.

Once you’re in the nitty-gritty of packing up to move, often you are too tired to cook – plus you may have already packed away pots and pans. A few weeks prior, make some meals you can freeze such as lasagna, pot pies, or casseroles. You’ll save money (and maybe a few calories) by avoiding continuous take-out.

 

3. It’s Going to Take Longer Than You Think.

Consider what you own, the amount of furniture, etc… if you figure it will take two days to get everything packed up, do yourself a favor and add a day or two to your estimate. It’s better to give yourself too much time than not enough.

 

4. Have a Little Help from Your Friends.

Make sure to recruit help! That’s what friends and family are for, right? Ask a few extra people in case it turns out someone can’t make it that day. Don’t forget to tell them there will be food and beer too…and don’t forget to provide it! Pizza is always a crowd pleaser – or perhaps one of the meals you cleverly made ahead of time.

 

5. Call in the Professionals

Worried that your well intentioned, yet clumsy brother-in-law might do more harm than good? Call a professional moving company. Allen and Coles Moving Systems out of Lebanon, NH offer a full range of moving services. (866) 257-2114

Also, if you’re feeling that you’ll end up with a good pile of stuff that needs to be tossed, consider calling Fred Harris of EZ Trash and schedule for a trailer to be there or for him to come get it with his dump truck. He’s very reliable and reasonable rates. EZ Trash (802) 748-0144 or easytrash@gmail.com

 

Good luck with your move! Contact the Team at Time Scott Real Estate with all your real estate questions.

Meet Your Local Professionals: Part 2 - Steve Dukette of Covered Bridge Professional Home Inspections

There are many parts to a real estate transaction. While a real estate agent will guide you through the process, it is often a team effort with several professionals along the way to ensure a successful closing. At Tim Scott Real Estate, we have the privilege of working with many local professionals who really go above and beyond for their clients.

An important step as a buyer after your offer is accepted on a property is to have a home inspection. This step is optional but highly recommended. Sellers are obligated to disclose all they know about their home, but there can be issues that the home owner is unaware of.  A home inspector’s job is to look at a long check list of items including the grounds, structure, electrical, plumbing, roof, and more. The inspector will report which items are in good condition, in need of repair, and can recommend appropriate professional(s) to get a quote if necessary.

It can feel very overwhelming to a buyer. A good home inspector will take the time to educate their clients, answer questions, and present them with house issues without panicking them. I can tell you from personal experience that Steve Dukette embraces all those qualities.

Steve is a Vermonter. He grew up in the north end of Barre, Vermont and now resides with wife and business partner, Sue Dukette, in Troy, VT.  They have two grown children; a son who lives in Colorado and a daughter who lives in New Hampshire with Steve and Sue’s granddaughters, ages 15, 5, and the newest addition, born in February of this year.

Steve has been a home inspector since 2002 and opened Covered Bridge Professional Home Inspections, LLC with Sue in 2007. Sue is the Client Office Coordinator. The team also includes Inspectors Aaron “AJ” Houlne from Campton, NH; Barry Sykes from Derby, VT; and Jamie Milholland.

TSRE: Is there anything a buyer can do to prepare for a home inspection?

Steve: Set aside 2-4 hours for the inspection without distractions. Be with your inspector the whole time, give them space to do their work but ask questions and let them know your concerns. It’s a great opportunity to get to know the home and how it operates. When you get the report, it will make more sense to you because you got to see it firsthand.

TSRE: Do you have advice for a first-time home buyer about the home inspection process?

Steve: Try to be calm. Take a first-time home buyer’s class – you will learn a lot! You are the CEO of this process, be your own advocate. Surround yourself with true professionals. Interview all potential parties in the buying process; loan officer, Realtor®, home inspector, etc. Go with who you are comfortable with. If it doesn’t feel right, interview others until you have a great team that will fully represent your interest 100%.

TSRE: What is something that has changed in your profession since you started?

Steve: Reporting! Some companies were very old-school, using a single paper for an inspection report with hand-written data. We were the first in our area to use a digital report with pictures. Today’s reports are very detailed as more interested parties are looking at them aside from clients/Realtors®.

TSRE: What is the strangest thing you discover during a home inspection?

Steve: A note on top of a quilt that read “Line this coffin with the quilt before putting me in. Thanks.”

TSRE: How far will Covered Bridge inspectors travel?

Steve: We service the northern and central regions of VT & NH with locations in: Troy, VT; Derby, VT; and Campton, NH. Having multiple licensed inspectors in both VT & NH we can service most requests for inspections, even when under tight time frames.

To contact Covered Bridge Professional Home Inspection you can call them at (866) 388-2692, email info@coveredbridgeprofessionalhomeinspections.com or visit online www.coveredbridgeprofessionalhomeinspections.com

Own a Piece of Peacham History with Mack's Mountain Farm

I believe few would argue with the statement that Peacham is a very charming Vermont town. Settled in 1776 the village has a pretty view of the mountains, the delightful Peacham Café, and streets lined with eye-catching historic homes. Many of these houses have small signs on their front lawn stating the year it was built and the name of the house. It is no wonder why so many flock to Peacham to photograph its beauty, especially during the foliage. The community-oriented town holds many festivals such as a Fall Foliage Festival and the Fourth of July Tractor Parade. During such events, these “Historic Homes of Peacham” are often an attraction and photographed by tourists and locals. The neighborly homeowners often welcome spectators… just another alluring trait of Peacham.

 You may be familiar with the book “Historic Homes of Peacham”. This beautiful hard-covered book was created by members of Peacham’s Historical Homes Committee. If you haven’t seen it, I highly recommend checking it out. A copy can be purchased through the Peacham Historical Association , at the Peacham Corner Guild (open seasonally)  or the Peacham Library. The book has wonderful old photographs and gives you a glimpse into the history of the many homes we admire.

 Recently TSRE listed a property about half way up Mack’s Mountain on Lanesboro Road. This antique home is featured in the book titled “Mack’s Mountain Farm”. The house was built in the early 1800s. When you compare the two photos it’s apparent the house has changed since the first photo taken in 1880, as houses often do. According to the write-up, the home is a Classic Cottage but “…the door surround is unusual. It features three-quarter-length sidelights with clapboarding continuing beneath them and a wood lintel atop the door and sidelights.” The house still features the three-quarter sidelights.

 The property has had many owners since the first recorded owner Moses Watts in 1792. After 200+ years, it’s hard to say for certain which house details are original and what was added over the years. Yet, it is obvious much of the character of this home is antique. Hand hewn beams have been exposed in the ceiling of the living room and kitchen, there are wide-board floors, wainscoting, built-ins, and so on. This home has been loved but is ready for the next home-owner who appreciates the character of an old Vermont farmhouse and can give it the attention it needs.  The house sits on 40 +/- acres and is enrolled in Current Use which helps with the cost of property taxes. Click here to view the listing.

 On the topic of “Historic Homes of Peacham” there is another TSRE listing featured in the book. On page 30 you’ll find “Hobart’s Barn” one of the oldest barns in Peacham. “Hobart’s Barn” is in the village and on the lot of 480 Bayley Hazen Road. The home was built in 1819 and has a perfect combination of antique details and modern updates. You can check out that listing here.

 I want to extend a big thank you to the Peacham Historical Association for keeping the history of Peacham alive in the community. 

TSRE Market Update - April 25, 2019

Spring has officially sprung here in the Northeast Kingdom and it has enlivened the real estate market! Here's what has been happening at Tim Scott Real Estate.

NEW LISTINGS

767 Thaddeus Stevens Road, Peacham
767 Thaddeus Stevens Road Peacham VT

 

 

 

 

 

 

 

If it's a view you've been searching for this Peacham cape will not disappoint! Truly a lovely spot, the house sits up on a hill but has plenty of level space for gardens and hanging out in the yard.  Many rooms face the mountain and local views of the 3 bedroom, 2 bath house. 35+/- acres, attached 2 car garage and just a few miles to Peacham village! $250,000
Contact: Tim Scott


719 Ha'Penny Road, Peacham
719 HaPenny Road Peacham VT

 

 

 

 

 

 

 

Another great Peacham listing with plenty of land (27+/- acres!) listed at $250,000. This home has a bright interior, living room, kitchen, dining room, full bath with laundry and bedroom on the first floor. 2 additional bedrooms and bath upstairs. Attached 2 car garage,  a nice view that could be improved with some clearing. 
Contact: Tim Scott

1299 Mathewson Hill Road, Lyndon
1299 Mathewson Hill Road Lyndon VT

 

 

 

 

 

 

 

Listed at $159,000 this low maintenance ranch style home is located on a pretty country road (you will never get sick of the view going down the hill) and just a few miles to town and I-91. The 10+/- acre lot features a nice view, a babbling brook, perennials, and nice walking trails. Comfortable floor plan and a full walk out basement.
Contact: Tim Scott

727 West Main Street, Concord
727 West Main Street Concord VT

 

 

 

 

 

 

 

Very nicely updated split level home has open living space, a detached garage, a wrap around deck and a pretty view! Home sits back off the road and has an easy commute to St. Johnsbury. Property is being offered with 5 acres at $225,000 and with 49.8 acres at $300,00.
Contact: Tim Scott

TSRE Market Update - May 17, 2019

Although the Northeast Kingdom spring weather continues to lag (who can forget the snow on May 14th!) the local real estate market continues to be busy! Here's a few things that have been happening at Tim Scott Real Estate:

NEW LISTINGS

2496 Roy Mountain Road, Barnet
2496 Roy Mountain Road Barnet VT










A charming cottage at Harvey's Lake! The camp offers rustic charm, a screen porch overlooking the water, 3 bedrooms, a 3/4 bath, and 138' of water-frontage! A wonderful place to make summer memories! 
$245,000
Contact: Mary Scott

464 Peacham-Danville Road, Peacham
464 Peacham Danville Road Peacham VT










A greatl one-level living home! Direct entry from the attached 2 car garage, the main level offers 3 bedrooms, 2 1/2 baths including a master bedroom suite, laundry room, kitchen, living room and dining room. 12.5+/- acres includes a small pond!
$275,000
Contact: Tim Scott

287 Walker Road, East Burke
287 Walker Road Burke VT










Located directly on the Kingdom Trails and only minutes to East Burke Village & Burke Mountain is this  cape on 10+/- acres! You'll love the view of Burke Mountain, the updated 4 bedroom, 3 bath home has an attached garage with an in-law apartment above it. 
$489,000
Contact: Mary Scott 


1649 Bruce Badger Memorial Highway, Danville
1649 Bruce Badger Memorial Highway Danville VT










Cozy log-sided cape on 120.7+/- acres! The mostly wooded lot has Morrill Brook running through the property, sugar house, some mature maples, and shed. House offers a wood interior, living room with vaulted ceiling and fireplace, attached one car garage. 
$275,000
Contact: Tim Scott

2676 South Wheelock Road, Lyndonville
2676 South Wheelock Road Lyndonville VT










You will love all the frontage on South Wheelock Branch Brook! This 3 bedroom, 2 bath cape has a very nice 3.74+/- acre lot located just a few miles to town, schools, and I-91. Detached 2 car garage.
$215,000
Contact: Tim Scott

90 Slayton Lane, Barnet
90 Slayton Lane Barnet VT










This home sits up on a hill above Harvey's Lake and has a deeded right of way to the lake! This 3 bedroom, 1 1/2 bath is great for a vacation home or primary residence! 3.99 +/- acre lot with detached garage.
$225,000
Contact Tim Scott

NEW PRICES

275 Hill Street, Danville
275 Hill Street Danville VT










Here is your opportunity to own a village home on 21+/- acres! Plenty of space in the 5 bedroom, 2 bath home and a very nice yard with stone walls, wrap-around porch, pond, fenced in area, apple trees, and large attached barn with stalls for animals!
NOW $275,000
Contact Libby Ratico

3824 Old County Road, Waterford
3824 Old County Road, Waterford VT










Gorgeous mountain views from this 1800's farmhouse that sits on 58.6+/- acres! The land is open and wooded, has apple trees, a detached 2 car garage plus an additional outbuilding/barn. 
NOW $265,000
Contact Tim Scott

1214 Wheelock Road, Sutton
1214 Wheelock Road Sutton










This property has a lot to offer! 3 bedroom, 3 bath farmhouse plus a large detached barn that has been converted into an apartment! Pretty lot with tons of fruit trees and a pretty view of Burke Mountain!
NOW $249,000
Contact Libby Ratico

1634 Groton Road, Barnet
1634 Groton Road Barnet VT










Such a pretty view from this lovingly maintained 3 bedroom, 2 bath log-side cape! Private location, paved driveway, detached 2 car garage, and a spacious enclosed porch looking out to the view!
NOW $279,900
Contact Tim Scott

Thinking of buying, selling, or just have some questions about real estate? Feel free to contact the team at Tim Scott Real Estate anytime! (802) 748-8000 or email broker@tsrevt.com