Thursday, December 14, 2017 / by Sara Koenig
What to avoid when listing your home~ By Sara Koenig
Getting ready to sell your home can feel like a daunting task. This is one of the reasons I would recommend that you read along for some of my tips to a successful sale of your home.
1. Don’t go it alone…. Hire a professional
Right now our market continues to be in favor of Sellers. This has created a situation where the perception might be that your home will sell no matter what, so there is no need to hire a professional to do the work. Now, don’t get me wrong, sometimes this will work, however sometimes even though the market is hot, this just isn’t in your best interest. A professional Realtor provides a larger exposure for your home, which means more buyers being expos ...
Friday, December 8, 2017 / by Sara Koenig
Selling your home in the Winter…Why you CAN!
Are you thinking about selling your home this winter? Are your friends and family telling you to wait until the Spring? It won’t sell as quick in the Winter?
I want to share with you reasons WHY this is not true, and I also have some tips for selling your home during the winter.
IT’S STILL A SELLERS MARKET
The Spokane area market has been in favor of seller’s all year long due to the lower inventory levels available to buyers, and this is still true now, in the Winter months as well. Because of the lower inventory this will still create a great response from buyer’s if a home is priced, and marketed properly. Currently there is only around a one and a half months supply of homes for s ...
Wednesday, December 6, 2017 / by Mindy Yount
Have you ever heard the 80/20 rule? Generally, 80 percent of the business is done by 20 percent of the people. In the real estate industry, that number is skewed even more. You may be amazed to know that 93% of real estate transactions are completed by 7% of licensed realtors! That translates to mean that there is a lot of room for disappointment if you pick the wrong agent to represent you.
A listing agent should do everything they can to create a smooth process for you, while selling your home for the most amount of money, in the least amount of time AND with the least number of headaches!
Some agents only “post and pray”. They put a sign in the yard, place the listing on the MLS and say a prayer that it will sell soon. The biggest complaint I hear from my clients who have used other agents in the past is that once the sign is placed in their yard, they never hear from their agent again.
Sellers, listen up! You are choosing someone to handle t ...
Monday, December 4, 2017 / by Keri McCombs
I am working with a buyer currently who is in her later adult life (I can't really disclose her age, ya know, since you never ask a lady her age). She has bought and sold a few homes in her life, and she purchased her last home about fifteen years ago. In our early discussions, financing came up in conversation. She thought that she HAD to have 20% of the home's purchase price as a down payment, and she was completely unaware of the actual costs that came with purchasing a home. So I want to share some general information about what costs are involved, and a few of the variables in determining purchase costs.
When looking on Zillow at homes, down at the bottom of the page there is a mortgage payment calculator (by the way, know that it is inaccurate and you want to make sure you connect with an agent who can walk you through what is involved in your monthly mortgage payment). That calculator is set at a default down payment amount of 20%. Given the default setting, m ...
Thursday, November 30, 2017 / by Keri McCombs
Recently, I worked with a buyer who was purchasing the home she will likely live in for the remaining years of her life. She wanted something that would accommodate her as her health declines in the years to come, yet something she could make her own and be proud of after life threw a couple of unwanted curveballs her way. Right before closing, she found water seeping into the basement through a crack in the foundation. She knew the crack had been there all along, and when we first saw the house, we saw evidence of water deposits on the wall, as if the crack had leaked before. Yet nothing had been disclosed in the seller's disclosure statement of any defect in the foundation or any leaks in the basement.
Here's How It Played Out:
The buyer swore that the seller knew about this issue all along and were not honest about disclosing it. The seller reported rarely using the basement, and the room where the leak in question happened was filled with lots of the seller's belongings, cov ...