Wednesday, April 17, 2019 / by Amy McLeod
Ever wonder what could keep a home from selling? Just ask a listing agent. They've seen some doozies.
Listing agents, as the professionals who help prep a home for sale, are often tasked with telling home sellers why their house might not sell in its current condition. It's a tough job, but it sure beats saying nothing and then watching a home sit indefinitely.
While most corrective tweaks are small—say, a fresh coat of paint or a solid decluttering—sometimes the things that stop a home from selling take everyone by surprise. Here are a few that listing agents have dealt with, and the solutions that saved the day.
1. The 'green monster'
Seth Lejeune, real estate agent with Berkshire Hathaway in Collegeville, PA, coined this phrase to describe a "horrendously colored hunter-green carpet” in his home seller's living room. This home had already been listed once with another agent with no offers; Lejeune was quite sure this carpet was the culprit ...
Wednesday, April 10, 2019 / by Amy McLeod
Mortgage interest rates are a mystery to many of us—whether you're a home buyer in need of a home loan for your first house or your fifth.
After all, what does “interest rate” even mean? Why do rates swing up and down? And, most important, how do you nab the best interest rate—the one that’s going to save you the most money over the life of your mortgage?
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Here, we outline what you need to know about interest rates before applying for a mortgage.
Why does my interest rate matter?
Mortgage lenders don't just loan you money because they’re good guys—they’re there to make a profit. “Interest” is the extra fee you pay your lender for loaning you the cash you need to buy a home.
Your interest payment is calculated as a percentage of your total loan amount. For example, let’s say you get a 30-year, $200,000 loan with a 4% interest rate. Over 3 ...
Monday, March 18, 2019 / by Amy McLeod
For many home sellers, there’s no better time to list than the spring, and for good reason: This is peak home-buying season, folks! Buyers turn out in droves once warmer weather finally arrives, bringing people out of hibernation mode, and bidding wars abound as buyers look for ways to one-up their competition.
The bad news? Selling a home during the spring isn’t free of pitfalls.
Indeed, “Spring home sellers still face challenges that they need to prepare for,” says Chris Dossman, a real estate agent with Century 21 Scheetz in Indianapolis.
Since knowing what to expect can help you nab a great offer, here are six things you’ll love—and hate—about selling a home this spring.
You’ll love: All the demand
While home sales decline in the winter (chalk it up to bad weather and holiday obligations), many home buyers blitz the housing market in spring, says Dossman. To meet that pent-up demand, many sellers list their homes at t ...
Wednesday, January 30, 2019 / by Amy McLeod
There's one thing more scary than buying a house, and that's selling a house.
There is so much pressure to list your house and sell it quickly—and for a great price—that you probably find yourself turning to those who've been there before for advice.
But here's the problem: The housing market changes on a dime, meaning whatever worked for them might not necessarily work for you. In fact, it may backfire, big-time! Here are some of the most outdated words of wisdom you might hear that you may be better off ignoring.
Wait for spring to sell your home
Odds are you've heard that the best time to sell your house is in the spring, because that's when the buyers are out and about. But it also means you'll be competing against a slew of sellers.
"Listing in the spring means you are positioning yourself to compete with several other homes. So as a seller in the spring, you have to price and market your home flawlessly to show buyers that your home is more desirable ...
Monday, January 28, 2019 / by Amy McLeod
The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As an example, here is what happened to housing inventory at the beginning of 2018:
Putting your home on the market now, rather than waiting for increased competition in the spring, might make a lot of sense.
Buyers in the market during the winter are truly motivated purchasers and they want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
Let The McLeod Group Network evaluate the demand for your house in our market! 971.208.5093 or email@example.com.
By: KCM Crew