Wednesday, June 19, 2019 / by Amy McLeod
Selling your home these days takes more than just finding an agent and listing it. You’ve got to really sell it. That means impressing buyers the second they walk in the door.
One of the best ways to do this? Home staging, where your home's decor undergoes a makeover in order to entice home buyers to swoon and make an offer.
“The statistics don’t lie,” says Samantha Rose Frith of Warburg Realty in New York City. “A well-staged house will sell more quickly and draw a higher sales price.”
But who has time for that? Hiring a pro is pricey (here's more on how much home staging costs). Plus a pro can't do all of the work; you’ll still need to do some sprucing up if you have an unexpected showing.
So if the clock is ticking, here are home staging tips and tricks that you can pull off fast, depending on how much time you have—from an hour to just 5 minutes.
Home sta ...
Wednesday, May 29, 2019 / by Amy McLeod
Home sellers are often told to make upgrades to their house before they sell ... but when is the best time to get those home improvements underway, in terms of scoring the best ROI?
It's a tough balance to strike. After all, the sooner you remodel your kitchen or retile the bathroom, the more you'll get to enjoy it all yourself. But if you make those improvements too long before you sell, you risk them looking run-down and outdated by the time you want to market your home. So, when's the right time to give the green light?
If you're agonizing over such questions, we can end your misery now—in a good way! Here’s how far in advance of listing your home you should do certain home improvements, so they'll still look fresh enough to fetch top dollar.
7 to 10 years out
Well, you’re quite a planner, aren’t you? That’s cool … we’ll play the long game with you. Here are upgrades you can safely undertake when you still have significa ...
Wednesday, May 01, 2019 / by Amy McLeod
Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades!
These two factors have helped keep housing affordable despite low supply of houses for sale driving up prices. First American’s Chief Economist, Mark Fleming, explains the impact,
“Ongoing supply shortages remain the main driver of the performance gap as the housing market continues to face an inventory impasse – you can’t buy what’s not for sale.
However, an unexpected affordability surge, driven primarily by lower-than-anticipated mortgage rates, rising wages and favorable demographics, has boosted housing demand.”
Mortgage interest rates had been on the rise for most of 2018 before reaching their peak in November at 4.94%. According to Freddie Mac ...
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 ...
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 ...