Ask the Experts - Is this a good time to list my home? Real estate is very cyclical and studies have shown that the current housing market is well below last year’s inventory level. Some studies even show that the current market inventory is well below a six month average. This low inventory creates a seller’s market because there are more buyers in the market than sellers. Therefore, I would say Yes - this is a definitely a perfect time to list your home for sale! When you are ready to list your home make sure your home shows like a model home, with curb appeal and it’s priced correctly. You want buyers to be excited about the home! Pricing your home correctly will generate the most traffic and may produce multiple offers during the first 30 days. After 30 days, most brokers will usually ask for a price reduction to stimulate interest. As the seller you do not want your home to sit for long period without a contract. Now, sellers … [Read more...]
Home Modifications that can Lessen Your Home’s Value
Home modifications that can lessen your home’s value - Renovations to Avoid: Whether or not you've been thinking about selling your house for a while, there's a good chance you've heard the buzzword 'renovation' and considered how it can positively impact the value of your home. From upgrading your kitchen to painting, there are plenty of renovations that will do wonders in terms of your property's price on the market. There are a few modifications that can actually have the opposite effect so you'll want to be leery of the following fix-ups Cool Colored Tile If, at some point, you installed a bunch of brightly colored tile into your living room or kitchen to add a bit more life to your home, it's possible this is the type of renovation you may come to regret upon resale. Often times, when it comes to purchasing a home, buyers will be looking for something they won't have to renovate right off the bat, so a flashy feature can have a marked effect on the selling potential of your … [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...]
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