If you ever find yourself in a situation where you need to sell your home on a timeline, it’s important to have a plan of action in place. While it can be a stressful scenario, it’s not impossible to make the sale of your home happen without pulling your hair out. Let’s start by saying that the current market is the best time to be a seller. Current data from the National Association of Realtors reports that 52% of homes have recently sold less than a month of being placed on the market. The Valley of the Sun real estate market is reflecting the same trend.
Market the Positive- This is an important tip regardless of the timeline of your home. But when you are assessing your home, take notes of the best features. If it’s an amazing view of your huge backyard, make sure you have your windows cleaned and open so that it’s an instant draw to potential clients. If you have a huge living room, make sure that you are staging your furniture to highlight the grandness of the space. In this market, homes that were properly staged before listing sold in an average of 23 days based on finding by the Real Estate Staging Association. If you don’t have a friend or family member with a staging eye, hire a professional who will help showcase your home. As a listing agent, I am happy to recommend ideas that will help you sell.
Professional Photos- Have you ever clicked on a listing only to find photos that could have been made from a smartphone? This is bad marketing strategy. If you have lead a potentially interested buyer to look more at your listing, you certainly want to make sure that you appeal them enough to schedule a showing with professional photos of your home. Hire a professional who has an eye for drawing in buyers. Pay attention to lighting and make sure that your home is ready to shine for photographs!
Fair Price- If you are in a time crunch to sell and move on, then marketing your home for a fair price is key. You can’t consider factors such as the original home price or your mortgage balance. The bottom line is that your home is worth what buyers will pay. High prices will push buyers away but keep in mind that you will want to place the sticker price on receiving a couple of offers to meet you in the middle on offers. Hire a trustworthy agent that will help you set a competitive price based on recent local home sales. Knowing the market and key strategy are imperative in this market.
Competitive Agent- This is the time when you have permission not to use a friend who is a real estate agent on the side. You will need an agent who promotes your listing and skillfully markets your home. A good agent will sit down with you to develop a plan to successfully sell your home. They know how to attract the best buyers by highlighting your home’s features to the right area. They also know the market area like the back of their hand.
As an Arizona Native, I am happy to place buyers into the home of their dreams. When it is time to sell, I can successfully get the maximum amount of money with… a seamless transaction for the seller. Achieving great results has been my success – call me today so that I can help you. 480-466-8193.
Summer is here! In most regions of the country, summer is the best time of year to sell your home. This season makes for an easier transition between school years and people are more interested in looking for new places. But let’s talk about the other reasons that you should put your home on the market now.
1.) Demand is great. The latest edition of Buyer Traffic Report from the National Association of Realtors (NAR) reflects that buyer demand prominent throughout every region. This means that there are buyers out there that are ready and prepared to purchase right now in the marketplace. In many circumstances, if you have a well-kept home in a desirable community, you may find that multiple potential buyers will make attractive offers for your home. In other words, it’s important to take advantage of this competitive buyer activity now.
2.) Lowered Housing Inventory– Unless you are keeping up with real estate trends, what this means is we are currently under the 6-months needed for normal housing market. There are simply not enough homes for sale to accommodate the number of buyers looking for a new home. Sellers have the advantage in this current market. However, we have a hit a high market for increased equity in 11 years so it’s important to target the sale of your home during this time. New construction will increase as 2017 closes out so make sure that your home is in mint condition for potential sellers that rivals new homes.
3.) Quick Processes- When a buyer finds the home of their dreams, there are little things more frustrating than a slow process to move in. As the economic market begins to gain momentum, banks will be inundated with new loans that it has the potential to stretch out closings for longer than anticipated. However, selling now will make this process quicker and more efficient which will get you to the closing table sooner than waiting.
4.) The Perfect Time for More Space– If one of the reasons you are considering a move includes more house, then it’s important to know that prices are anticipated to appreciate by 4.9% over the next year based on finding by CoreLogic. A higher-priced this year will increase more in raw dollars (both in down payment and mortgage payment) than if you wait until next summer. While rates are expected to increase in the next 12 months, it’s important to look into your options of locking in 30-year housing expense with current interest rates around 4%.
5.) New Chapters– Many people avoid drastic life changes. But change can be good. If you are looking for more space, a job in a new city, or want to retire to less space, you can make this happen in the current market regardless of the reason. Think about the reasons you want to sell and begin a new chapter. The selling market is yours.
One of the most rewarding things about my job as a real estate agent is making my clients’ dreams come true. I love when they find the home that is just right for them. I also love when I guide them through the process of selling their current home so they can move on to the next one. Let’s talk about the next step in making your dreams happen.
You probably had to read the headline twice. Today? You mean, today. Yes, we mean TODAY. Why the urgency? The 2017 housing market shows that now is the time to sell. January unveiled great numbers which paths the way for a strong housing market for this year.
Lawrence Yun, Chief Economist for the National Association of Realtors, said:
“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate…”
And CNBC says consumer confidence in the economy is fueling the market:
“U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.”
A depleting inventory leaves a challenging market. In order for a balanced market of homes for sale and interested buyers, the inventory would require a full six-month supply of homes. The current situation is that there is less than a four-month inventory which means a 7.1% decrease from last year.
Admit it. These statistics are make you look a little more closely about selling. The increasing demand and low home supply provides the perfect climate for selling your home for the best price. I’m more than happy to help you in this process to see if the market is hot in your neighborhood.
You may not even realize it but it’s possible that you are making your home look messy. It’s easy to overlook decorating mistakes that can make your home look unorganized. If you are staging your house to woo potential buyers or you want to impress weekend guests, make sure that you are avoiding these to create an organized and clean space.
An Unbalanced Room
Think of it like this: You would never place large furniture in small quarters. It can become overwhelming and greatly affects the flow of the room. Allow the furniture (and the larger objects in the room) to naturally float opposed to lining them against a wall. Most importantly, find pieces that balance the room nicely.
High Maintenance Fabrics
High maintenance comforters or cheap slipcovers are easy to wrinkle and have the potential to create a rumpled effect . Well-ironed fabrics present a more polished look for guests as they enter a room. A carefully folded throw blanket and properly placed pillows are important, too.
Ignoring Your Foyer
Most guests enter your home through the front door so naturally, you must pay special attention to keeping the floors clean and avoiding the area as a place for backpacks, junk mail, and sports equipment. Keep the area reserved for representing your home. A great tip: find a functional rug for wiping dirty shoes at the front door.
Exposed Wires and Cords
In this age of laptops, TVs, gaming systems, and Roku boxes, you are bound to have a tangle of cords and wires lying around the busiest room. At times, you have to creatively think of way to hide them behind a couch or under the carpet. Out of sight, out of mind.
Skimping on Furnishings
Invest money in furnishing specifically rugs. A rule of thumb to remember is that a better quality rug in a bigger size (appropriate to the room) will save you in the long haul. Rugs are often trampled and cheap rugs don’t hold up as well. Pairing strategic furniture placement along with a good rug will present a clean, well-maintained room for all to enjoy.
If you enjoyed this article, please follow me on my blog for more home and real estate ideas! I want to help you to find and create your happy space for you and your family to love for many years. Please call me at 480-466-8193 if I can help you find the place of your dreams!
As you are making way for changes in the new year, you may be scheming a plan to update your home or possibly staging your home for possible buyers. While some fads have already had their hay day in the golden sun, new trends are making way in homes for 2017. Here’s a look in what we’re seeing in homes now……
The Industrial Look
If you love antique clocks, textured shutters, and chippy antiques, you will love that this is still the look in modern homes. It takes a keen eye to balance metals and woods but yet make a room inviting. Think reclaimed wood.
Black Stainless Steel
The tide is turning kitchen trends. Black stainless steel is replacing the traditional stainless in kitchens with a warmer feel than the cold look. While this tends to be a more expensive trend, it has the potential to transform a kitchen.
Eclectic Mix of Metals
This look works particularly well in any part of the house. Think outside of the box and mix metals in the kitchen with copper, steel, and nickel (pares well in a farmhouse!).
Antiques always seem to be in trend. Give old books, glass, tables, and chair a breath of fresh air by sitting them next to updated piece to make it pop. Remember that your best treasures may be found in your grandmother’s attic.
Cherry cabinets have taken more of outdated look these days and quickly being replaced with a white coat of paint. This clean look plays up a light gray wall. A weekend project can transform a kitchen!
Like it or not, lucite furniture is turning heads even in more formal spaces like dining rooms. Matching the pieces with a refined table and decor to make it work well.
2016 Trends That Here to Stay in 2017……
- farmhouse style
- natural colors
- open shelves
- chalk-painted furniture
- sanctuary bedrooms
- home offices
- natural fiber rugs
- mid century accents
Whether you have just moved into a new home or staging your current to place on the market, these ideas will help make your place cozy and warm. If you are thinking of selling your home, please call me so I can help you raise the potential of top dollar. I’m more than happy to help you sell and find the home of your dreams!
Scratch whatever you may have heard about the spring and summer to be the best times to sell your home. The time is NOW! I know you must be thinking if there could be a more HECTIC time but the truth of the matter is that if you’ve even considered moving on from your current home in the next year, here are several reasons that will drive your decision to make the move now:
- Presentation: Your home looks great with all of your Christmas decorations and lights. You may even keep your home more organized and spotless than usual with unexpected guests knocking at your door to visit while they are in town. Why not take advantage of it? Make sure your decorations are tasteful and updated to appeal to all possible buyers.
- A Less Competitive Market: For the exact reason that you are pondering why you should you put your home on the market during this time of year, you can be sure that lots of people are thinking this. This creates less competition in the home market which gives YOU the driving edge for possible buyers looking in your area. Less inventory means more foot traffic through your home which increases your chances of getting the offer you want.
- Serious Buyers: As we inch toward the end of a year, many corporate moves happen during this time. People also think about making a fresh start in a new home. The most important role that you have as a seller is to provide a flexible showing schedule to accommodate those who want to see your home. Think of like this: they wouldn’t look if they weren’t serious. Last year, I had two buyers that bought homes in December and this year, I have four qualified buyers that are seeking to buy their next home now! Please let me show you how I can sell your home and help you achieve your real estate goals!