Don't Use a Paint Brush... when touching up paint.

Don't Use a Paint Brush... when touching up paint.
by Terri Woods

I recently received a repair addendum from a prospective buyer of one of my luxury home listings in North Albany, OR.  The home is decorated as a beautiful luxury home would be expected, with large pictures and mirrors.  In the repair addendum, the buyer asked for the nail holes to be repaired by a professional painter.  And I fully understand why.

In my years as an agent, I have seen Nail Hole Repairs Gone Bad!  Normally, after the inspection has been fully negotiated, the well-meaning seller starts to pack, taking the pictures off the walls.  It is at that time that the seller notices nail holes in the wall.

So, the seller goes about repairing the nail holes, taking some spackling, filling in the area, maybe sanding if necessary, and then gets the paint can from the garage, a paint brush, and paints over the nail hole AND the surrounding area.  

The problem is... the paint on the wall has faded and now, thus not the same color as the paint in the can.  The touch-up is very visible after drying.  What was a small nail hole has now become a 3 inch by 3 inch area.

I am sure you have seen these homes before.  And now, the buyer must either paint the entire room again, or hang something over that spot to cover up the Seller's good intention that went wrong!

SOLUTION:  So here is my tip of the day.  When you have a nail hole, get some spackling and fill the hole. Try to clean off any areas other than the nail hole with a damp paper towel.  Sometimes, the nail hole will blend in at that point and no further touch-up is necessary.

However, if touch-up is necessary, take a Q-tip and dab on the paint only on the nail hole after the spackling has dried.  99% of the time, the touch-up will blend in with the wall texture.  I promise, this works well.

I would rather have a seller leave a nail hole then attempt to fix it and leave splotches over the wall.

If you are considering buying or selling in Corvallis or North Albany, Oregon, I would love to be of service to you.  Contact me at terriwoods@kw.com.
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What is a good offer price for North Albany OR real estate?

What is a good offer price for North Albany, OR real estate?  

Terri Woods

While working with home buyers in North Albany, OR, many buyers ask the question, What is a good offer price?"  

One way to determine a good offer price is for the Buyer's Agent to do a Comparative Market Analysis.  However, often buyers feel they need to make a lower offer in order to have room to negotiate.  

Though that approach may work, offering too low a price might insult a seller, and may result in negative feelings between that Buyer and Seller, and may even jeopardize a potential purchase.

Since January 2013, North Albany, OR real estate is selling around 98% of the list price.  

Naturally, Buyers want to buy a home at the lowest price possible and Sellers want to sell their home for the highest price possible.  With the above information regarding List to Sell Prices, Buyers can make an educated offer price and be confident that their offer price is within the norm for North Albany, OR real estate.

If you would like specific information regarding purchasing a home for sale in Corvallis or Albany, or you have a home that you would like a Highest Price Analysis, contact me at terriwoods@kw.com.  I look forward to assisting you in all your real estate transactions.

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What are you waiting for? Now is the time to get off the fence.

What are you waiting for? Now is the time to get off the fence.

Are interest rates increasing or decreasing and does it really matter?  Just search "Rising Interest Rates" and you will get a plethora of articles talking about the ramifications of rising interest rates. NEWS FLASH...

Low mortgage rates may not be here for much longer.

So what does that mean to the average buyer wanting to buy a home? Take a look at the chart below and see how much difference a change in interest makes to your payment.