July 18, 2018

Be Aware of These 9 Things That Can Sabotage Your Home Sale

There are nine seemingly unimportant things that can actually sabotage your home sale if you are not careful.

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If you are preparing your home for the market, you need to be aware of these nine things that could potentially sabotage your home sale:

1. Mounted cords hanging from your TV. When those cords are dangling, buyers notice, even though it has nothing to do with your house. 

2. An unkempt yard. If you have weeds sprouting up everywhere or other growth that needs to be trimmed, go ahead and trim it. We encourage our buyers to drive by homes to inspect their curb appeal first, so make sure your yard is taken care of. 

3. A dingy front door. Oftentimes when we are about to show a home to a buyer and are opening the home’s lockbox, it can take as long up  to a minute to open the lockbox. During that time, buyers are looking at the home’s front door, and they will notice if it has not been maintained. They will often discount the value of a home because of little things like that, so make sure your home’s front door is painted and clean. 

4. Not cleaning up after your pet or taking care of pet odors. Sometimes sellers with pets forget to clean up after them, so make sure you are aware of what stains or smells you might have to clean up if you have pets. 

 

  If you take care of these things, you won’t sabotage your own home sale.

 

5. Cobwebs. You might not notice spiders roaming around the corners of your ceilings, but buyers will notice that right away, and they might take it as a sign of a lack of maintenance within your home. 

6. Poor furniture arrangement. We live in a house one way and sell it another way. This means your home’s current furniture arrangement might not correspond to how a buyer wants to see the inside. If your furniture is poorly arranged, it might not show off the size of the home very well or prevent buyers from seeing how their own furniture could be arranged. 

7. Junk drawers and crammed cabinets. Be aware if you have left any extra stuff in these places because buyers tend to look inside them. 

8. Overfilled closets. As with the junk drawers, buyers tend to check these areas and might downgrade your home’s value because of what is inside them. I recommend removing as much extra stuff as possible and packing it away in boxes. 

9. Cluttered countertops. We always tell our sellers to remove everything from their countertops when they’re preparing their home for sale. Store all of your items that you use regularly in a bin underneath the counter during a showing. The same goes for your bathroom countertops and any open surfaces throughout the house. 

If you have any other questions about this topic or you have any other real estate needs, please feel free to call or email me. I would love to help you.

 

Posted in Home Seller Tips
March 21, 2018

Is Your Home Ready for the Market?

How can you get your home ready to sell? Here are our tips 

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Today I’m here to answer a question that I get all the time: “What can I do to get my house ready to put on the market?” 

There are a ton of different things we can do, but there are certain tasks that should be emphasized. These include deep cleaning, decluttering, and staging. 

However, you might have your focus on remodels to make before listing. Remodeling the bathroom, remodeling the kitchen, or putting in new flooring are all potential options. However, the decision to remodel all comes down to your specific situation. It’s different for every location and price range.

 

  Each home is a little different.

 

The only way I can give you a straight answer about what to improve is by coming out to the house to take a look. We don’t like giving the advice of spending a bunch of money unless we’re going to make money doing it. We can walk through your home room by room and come up with a plan. For example, we recently worked with a client and were able to net $45,000 extra on the sales price after putting only $20,000 in remodels. Like I said before, every home is a little different.

If you have any other questions about getting your home on the market or what you can do to increase your sale price, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

 

Posted in Home Seller Tips
Jan. 29, 2018

Is There a Best Time to Sell Your Home?

Are you unsure about when is the best time for you to put your home on the market? Today, I have some advice about timing your home for the market.

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I hope you had a great holiday season and are looking forward to a great 2018! Today, I’m going to answer the question, “When is the best time to sell my home?”

There are many different answers to this question, but the most common response would be to say that spring and summer are the best times. This is backed by statistics, since more homes are sold during these times. There are also more sellers on the market in the spring and summer, which creates competition.

However, the “best” time to sell is somewhat relative. In my experience, I have sold a home on every major holiday of the year, tracing back to my very first sale on New Year’s Eve in 1999.

Given that, my perspective is a little different from most Realtors. I’d say that the best time to sell is when it’s most practical for you and your family. That can vary based on your situation, so I’d love to be able to sit down with you about timing and selling your home quickly on the market.

 

  The best time to sell is when it’s most practical for you and your family.

 

There aren’t a lot of good homes for sales on the MLS right now. Inventory is pretty low, and the ones listed aren’t necessarily high quality, so there is definitely high demand for a great home like yours. Buyers are out there waiting and ready for something to crop up on the market.

If you’re planning to wait until spring, be sure that it’s because you need to and not because someone told you that you need to. That said, if you need to have a bunch of work done on your house and it’s causing friction in your household, remember to slow down. Rushing through renovations and updates isn’t practical, and you need to take care of things efficiently and love each other through the process.

If you’re thinking about selling your home but aren’t sure about the timing of when you should be doing it, feel free to give my team a call or send an email. We’d be happy to contact you and one of us will come over and sit down, walk you through the whole process, teach you about staging and marketing your home, and help you figure out when is the best time to sell your home.

If you have any other questions or you're thinking about buying a home, don't hesitate to reach out to us. We'd be happy to help you.

Posted in Home Seller Tips
Jan. 4, 2018

Is Now the Best Time of Year to Sell Your Home?

January and February are the best months to put your home on the market. The reason why boils down to supply and demand.

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When is the best time of the year to sell your home?

This seems like one of the most hotly debated topics in real estate. Every real estate agent and consumer is talking about when you should list your home, but there is some little-known information about the best time to sell that I want to share with you. 

Interestingly enough, the best time to list your home for sale is in January or February. Everyone believes they should list their home in April, May, or June because those months are in the spring and summertime when the most homes sell. While it’s true that about twice as many homes sell during these months than any other time of year, we’ve found that buyers start searching for homes in January and February, and the homes they pick typically go under contract in January, February, and March and close in April, May, and June. 

 

From a supply and demand perspective, the best time to list your home is January and February.

 

So, the signs of those sales show up in April, May, and June, but the listings most likely to sell are listed sooner than that. That’s why we recommend that you list your home as soon as possible in 2018. Get your house prepped and ready with staging and professional photos so it sells quickly and for the best price in those spring months. 

Here’s the extra benefit of listing early on in the year—nobody knows about it. Inventory is at an all-time record low for the year. January has the fewest number of homes on the market, which means less competition. From a supply and demand perspective, the best time to list your home is January and February when the supply is low and demand is still excellent. 

If you have any further questions about the best time to sell your home or you’d like our help in putting your home on the market right now, don’t hesitate to reach out to us. We’d be happy to help you.

Posted in Home Seller Tips
Oct. 11, 2017

5 Ways to Expose Your Home to Millennial Homebuyers

I have five tips to share with you that will help you expose and sell your home to millennial homebuyers.

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How can you expose and sell your home to millennial homebuyers?

Millennial homebuyers think about buying in a different way than baby boomer homebuyers once thought of home buying, so you have to think differently in the way you expose your home to them. I have five tips, in particular, that will help you do this.

First, you must expose your home from the best angle. baby boomers used to care about things like 2-car garages, and so do some millennials, but one thing many millennials care about more is open floor plans. They care about how the home will be used for entertaining and relationships. They’re also a little bit more interested in being in a one-story home or how the home would work for their specific interests.

Next, you have to sell your neighborhood. Millennials care about where they live and how they’ll be able to interact with the surrounding businesses, shops, and restaurants, and whether those places are within walking distance. They also care about whether there are people they like in your neighborhood. A few pictures or descriptions of community events and an explanation of why it’s great living there will go a long way in attracting millennial homebuyers.

 

Millennials care about where they live, so sell your neighborhood.

 

A lot of millennials care about the environment, so the third thing you can do is show off any environmentally friendly features your home has. Maybe you have a great backyard garden or you’ve installed some solar panels, or maybe you have really good solar gain from the southern exposure. Those are really great features to talk about with millennial homebuyers.

Fourth, make your home feel clean and modern. Oftentimes, the homey, Americana feel isn’t what millennials are looking for. Instead, go for something sleek and perhaps update your cabinets or countertops to make your interior look a bit more modern.

Lastly, market your home online in the right places. Our team, for example, puts Facebook ads out for every single property we list. As you get your home exposed, make sure you have a team like Templeton Prime Properties to expose it to the places millennials pay attention to online.

If you have any more questions about exposing your home to millennial homebuyers or you’re thinking about buying a home yourself, don’t hesitate to reach out to me. I’d love to help you.

Posted in Home Seller Tips
Oct. 4, 2017

What 3 Challenges Do Homebuyers Most Commonly Face?

How can you win as a homebuyer in this market? We’ve got three tips for you.

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Being a homebuyer isn’t the easiest thing in the world. In fact, homebuyers face specific challenges in this market that make navigating the home buying process even more difficult. Here are the three most common challenges that homebuyers are facing today:

1. It’s a competitive market. You have to write a really strong offer for sellers to take you seriously. In many cases, sellers aren’t really even looking at offers that seem too low or ask for too many repairs. It’s always good to write your offer in a way that’s not offensive to the seller while also allowing you to get accepted before multiple offers come in.

 

Your offer needs to stand out in this market.

 

2. Expectations have shifted. Sellers are expecting different things these days from buyers, so you might not be able to find your perfect dream home right now. Stick to three or four must-haves and be happy with any other benefits in a home that come along. The perfect home isn’t as easy to find as it once was.

3. Multiple offers. You need to write your offer in a way that makes it stand out among the crowd of other offers. We have experience doing this and can give you the tips and tricks that we use to win in multiple offer situations on a regular basis.

If you have any questions for us about the market or you’re thinking about buying or selling a home anytime soon, don’t hesitate to reach out via phone or email. We would love to hear from you.

Posted in Home Buyer Tips
Aug. 2, 2017

We Help Sellers Succeed When Other Agents Can’t

We recently took over a listing that was on the market for two months and didn’t receive an offer. We ended up selling it in three days for $25,000 more than it was originally listed for.

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I’ve got a quick story to tell you today about how a recent home sale resulted in one of our agents getting more money for their seller than they were getting on their own.

As soon as we took over the listing, we ended up selling for $375,000 in just three days. The fascinating part is that the home was on the market for the previous two months at $350,000 and didn’t get any offers. How did this happen?

 


We sold the home for $375,000 in three days.


 

There were a few causes. One of them was hiring a much better real estate agent with staging and marketing expertise. It’s important to consult a team that knows marketing in order to get your home sold for top dollar.

The amount of money that we were able to get our client was above and beyond what the cost of a Realtor was initially.

If you have any questions for us or are thinking about selling your home while conditions are still fantastic, give me a call or send me an email. I look forward to hearing from you soon.

 

Posted in Home Seller Tips
July 17, 2017

How the Fed’s Recent Rate Hike Impacts Our Market

The Fed’s recent rate hike shouldn’t have any significant impact on our market. In fact, it might actually stimulate it.

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On June 14th, the Federal Reserve increased its federal funds interest rate by 0.25%. They’re also widely expected to raise rates once or twice more over the course of 2017. What does this mean for the real estate market?

While any action by the Fed always garners a lot of attention, I believe these increases will not have any significant impact on our market.

First of all, mortgage rates have actually trended lower in the wake of the Fed’s recent announcement. The 30-year mortgage rate recently hit 3.9%, the lowest level in 2017. In fact, it’s a common pattern for the mortgage rate and the Fed rate to move in opposite directions, and the same thing has happened the last two times the Fed raised rates.

 


These increases will not have any significant impact on our market.


 

Second, the economy continues to do well. The Fed decided to increase its rate because unemployment and inflation are low, household spending is picking up, and we’ve seen steady growth for the past nine years. This is good news for the real estate market. As expected, we continue to see strong demand and a corresponding increase in home prices. 

Third, while the Fed’s rate increase is normally meant to cool off the economy, it might actually stimulate it in this case. Because interest rates were so low for such a long period of time, experts believe the recent increases might ease pressure on the financial system and encourage lending. 

Case in point: since the Fed started raising its rate in December 2016, total mortgages are up 2.5% year over year. 

In conclusion, while any move by the Fed is likely to lead to a lot of hand-wringing, I believe the real estate market will not be affected and will continue on its own healthy course. Nonetheless, it’s clear that right now is a uniquely good moment for everyone in the real estate market. Today’s low mortgage rates are good for homebuyers because they make homes more affordable.

If you have any questions about our market or you’re thinking of buying or selling a home, give me a call at 505-301-0694 or send me an email at TempletonTeam@kw.com. I’d love to help.

 

Posted in Market Update
May 1, 2017

Why You Need to List Your Home Right Now

Thinking about selling your home? Now may be the time to do it. I’ll go over why today.

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If you’re thinking about listing your home, you should think about doing so right away. Here’s why. 

There are many small areas in town with very low inventory. We call these areas micro-markets. When we look at pricing for those areas, prices have actually gone up because demand is greater than supply. You might be in one of these micro-markets, a small area or neighborhood in a specific area of town where there is a lot of demand for a home to come on the market.

 


Listing your home before the summer months hit will be very advantageous.


 

If that’s the case, the price you can get for your home may be higher than you expect due to low inventory. In fact, we are getting prices now for homes that are setting records for the last 10 years. 

If you’re thinking about selling or if you know someone who is thinking about selling, be sure to at least consult with us to see what we could get for your home in the next three months. Because many people will start to take advantage of the micro-market situation during the summer months and inventory will increase, getting your home listed before those months hit is going to be the best plan of action. 

If you have any questions, please don’t hesitate to give us a call or send us an email. We’re always happy to help! 

 

Posted in Home Seller Tips
March 29, 2017

The 3 Biggest Challenges Homebuyers Are Facing

Homebuyers are facing three big challenges in today’s market. I’ll go over what those are and how you can overcome them today.

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

 

There are three big challenges that homebuyers are facing in today’s market. I’ll go over these challenges and give you a few tips on how to overcome them. 

The first challenge is the amount of competition on the market. Because so many buyers are vying for the same homes, it’s important to know how to craft a strong offer that will stand out. Our team can help you build an offer that still gives you the best value and saves you money without coming across as weak or lacking something. 

The next challenge is that expectations have shifted. Sellers aren’t updating everything in their home, which means not everything is going to be perfect. Try to make a list of three to five must-haves, and be happy if you get some extras. It’s going to be hard to find your exact dream home, which is why we try to get you a great price so you can make the desired updates yourself. 

 


Try to stick to a list of three to five must-haves.


 

The final challenge buyers are facing is multiple offers. However, we know some great tips and tricks to craft an offer that will really stand out to a seller. 

If you are looking to buy or sell a home, or if you have any questions, please don’t hesitate to give us a call or send us an email. We’re more than happy to help! 

Posted in Home Buyer Tips