PRICE IT RIGHT – Set a price at the lower end of your property’s realistic price range. PREPARE FOR VISITORS – Get your house market ready at least two weeks before you begin showing it. BE FLEXIBLE ABOUT SHOWINGS – It’s often disruptive to have a house ready to show at the spur of the moment. But the more amenable you can be about letting people see your home – the sooner you’ll find a buyer, ANTICIPATE THE OFFERS – Decide in advance what price and terms you’ll find acceptable. DON’T REFUSE TO DROP THE PRICE – If your home has been on the market for more than 30 days without an offer you should be prepared to at least consider lowering your asking price. … [Read more...]
Selling Home
Home Upgrades with the Lowest ROI File these six upgrades under wish fulfillment, not value investment. Read 7 Smart Strategies for Kitchen Remodeling Follow these seven strategies to get the most financial gain on your kitchen remodel. Read 10 Inside Tips From a Designer Who Specializes in Small Baths A New York City designer shares secrets to making a small bath both functional and beautiful. Read How to Pick Paint Colors Paint has remodeling power when you use it to emphasize a room’s best features or play down the flaws. Read Smart Options: Basement Flooring Keeping your basement dry and free of condensation is key to installing the basement flooring of your choice. Read Visit houselogic.com for more articles like this. Copyright 2014 NATIONAL ASSOCIATION OF REALTORS® … [Read more...]
Selling a Home with Feng Shui
Selling a home with Feng Shui in mind may lead to a fast sale! Reducing clutter in a room can be an overwhelming task for many sellers. Many Realtors recommend the traditional Chinese practice of Feng Shui. The basis of Feng Shui is to arrange items to harmonize with surrounding spiritual forces. The ancient practice hit mainstream sellers several years ago,and now real estate professionals are joining in on the harmonizing bandwagon. The idea is that potential buyers may feel more comfortable and happy in a home that is arranged a’la Feng Shui. Selling your home involves creating a feeling that buyers will have about the home space…..Don’t be alarmed if your home’s front door faces west instead of east or is more southwestern than Asian. Creating a little Zen in your den will help raise its chi – and the possibility of a sale. Here are a few tips to bring a bit of Feng Shui into your home and life. > Simplicity Sells. Remove excess clutter and knick knacks from the room. … [Read more...]
April – 2014 Housing Trends eNewsletter
The April - 2014 Housing Trends eNewsletter ....Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more. Please click here to view the APR-2014 Newsletter Housing Trends eNewsletter. If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report. … [Read more...]
Price It Right
Price it right! Yes, this explosive term means a lot when you are getting ready to list your house for sale. Arriving at the right price is no sales secret to ensure a successful sale. Pricing your home too high increases the chances that the home may not sell within a designated time frame. Although you may have tastefully decorated or extensively renovated your home to your lifestyle, some buyers may not see the home as a place they can call home. Consider that your improvements may or may not have an effect on the market value of the home. In fact, personalized decorating can even slow down the activity unless the style appeals to a wider population. Real estate agents are now able to upload multiple photos, virtual tours, property banners and headlines of your property features. And, buyers can sit at home in their PJ’s to preview your property. To price it right, the sales price must be based on several factors: • Size of the house and its special features and … [Read more...]
Short Sale or Foreclosure
Deciding to sell your home as a Short Sale or Foreclosure is an important consideration that most sellers never think about discussing with their mortgage lender and/or real estate agent. Not sure why most sellers do not pursue a short sale in lieu of a foreclosure, especially if they have a desire of owning another home in the future. So, with that said, here is a brief synopsis of the difference between the two. 1) In a short sale, the bank approves the sale of the property to a new buyer at a mutually agreed upon price. Usually, this price is determined after a seller has requested a short sale package and started the short sale process. The bank will order an informal appraisal through an agent or appraiser called a Broker Price Opinion (BPO) to determine the new market value. After the market value and terms of sale are determined by the bank, your agent can then list and market the property for sale. Selling short may allow the unpaid balance of your loan(s) to be … [Read more...]
When to consider a HAFA Short Sale?
Why wait on a foreclosure? Tax Rules Encourage Short Sales Sooner, Rather than Later When to consider a HAFA short sale? Tax rules that let you escape paying federal income tax after a short sale expire this year. Read Visit houselogic.com for more articles like this. Copyright 2013 NATIONAL ASSOCIATION OF REALTORS® … [Read more...]