Posts Tagged ‘Selling Home’

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Homes Sales Up in Almost Every Price Range

June 15, 2015

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The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-10.1%). The decline in this price range points to the lower inventory of distressed properties available for sale and speaks to the strength of the market. Every other category showed a minimum increase of at least 9%, with sales in the $250,000- $500,000 range up 21.2%!
Here is the breakdown:

Sales-Up-STMWhat does that mean to you if you are selling?
Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, perhaps it is time to sit with your agent and see if it is priced appropriately to compete in today’s market.

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4 Reasons Why It Is a Good Time To sell your Home!

February 10, 2010

reasons to sell now
ORLANDO, Fla. – Feb. 9, 2010 – Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For Sale sign:

• Sell low and buy low.
Because all property values are down, the loss on the property a homeowner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he’ll be in better shape.

• Down payment help is widely available. While nothing-down loans have disappeared, it’s easy to find down payment assistance for lower-income and first-time homebuyers. Programs vary all over the country, but one good way to find them is to search online for “down payment assistance programs” and the name of your region.

• Your Uncle Sam has money to share.
Besides the $8,000 first-time homebuyer tax credit and the $6,500 move-up credit, there are an array of energy tax credits that can make home improvements pay off in cash.

Good help is available. Really talented real estate practitioners, contractors and designers are available and eager for business.

Source: McClatchy Tribune, Kate Forgach (02/07/2010)

© Copyright 2010 INFORMATION, INC. Bethesda, MD

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Hey Good Lookin’ – on being model perfect

February 5, 2010

 

Real estate is an interesting study into what makes people “tick” and “act” on emotional and yet practical decisions. What makes buyers buy? What is the motivating factor? I have had a lot of time to think through this and last week only further cemented my thoughts on this matter.What makes buyers buy? It’s pretty simply really – good looks sell. A model perfect home is always a winner. A home the buyer thinks they can just move in and hang up their clothes. A home that reaffirms the way they “see” themselves living and they see a PERFECT home for their PERFECT lives.

I had the opportunity to show seven homes this past week to the same couple. When first approached, the clients were looking for a bargain buy and in a certain price range. I was more than happy to help them achieve their goals.

After looking at the first two stellar bargain homes – it became obvious that price was no longer important but the condition of the home now mattered. They didn’t want to remove wallpaper, paint the homes, replace carpeting, etc. They wanted a good buy for a PERFECT home. We changed our price range.

While we looked at homes that were low priced with great views and large square footage; the clients decided on a home that looked like it jumped off the pages of Architectural Digest. The home they selected was perfect in so many ways. The paint colors were charming and contemporary (and NOT ALL BROWN). The furniture was well placed for maximum flow and not too oversized for the room. The blinds were gorgeous (not cheap) and the kitchen was absolutely heavenly. Nothing about this house was really trendy or what we call seller specific – the Sellers did not go for a unique look – they went classic and timeless and it paid off. The views from this home were of another home (not your best feature) and the room sizes were smaller but the Sellers showcased this house with design and style. IT SOLD THE HOME.

There were no strong odors, proper lighting, lovely colors, and tasteful furniture that did not match perfectly but with pieces that complimented each other. The bed looked fresh and inviting and did I say the kitchen was tasteful, clean and well done with lovely colors and no countertop clutter. These Sellers knew what was stylish and it showed. The buyer actually gasped when she walked in the house.

You can overcome location, and you can overcome price and size. You can NOT overcome condition. If the house looks lovely, is tastefully decorated and inviting – you will sell your home and you will sell it fast. If you don’t know what I’m talking about – get help. It’s worth the money.