Friday, January 10, 2020 / by Dennis Isip
We are finally here, Spokane has experienced 20 years of real growth in real estate. If you bough a home in 2000, it's very likely that your home may have doubled in value within the last 4 years. The typical home with 3-4 bedrooms, and 1 or 2 baths, with living space of about 1600 sq ft, was valued at $109,500 in 2000.
Today, assuming that you've kept up with its maintenance requirements, that house is now valued at $270,052. Further appreciation may yet continue in this upcoming year of 2020. However, we need to watch it very closely. As the data indicates, there has been a drop in number of homes sold in 2019, compared to 2018 and 2017.
There are 2 possible reasons: 1) Spokane is continued to be plagued by the extreme lack of housing inventory, or 2) the buyer demand (especially from out of town) is softening up.
There has been a dire shortage of homes for the significant part of the past 36 months. Inventory has been consistently hovering at 1 month. ...
Friday, December 6, 2019 / by Dennis Isip
Do you want maximum profit from showing your home?
There’s a right way … and a wrong way to show your home. Many homeowners lose money or turn-off buyers because they simply didn’t know how to handle a home showing.
Plan on showing it for only 1 weekend. Attract a lot of potential buyers during that 1st weekend, so you not only get a solid offer, but perhaps 1 or more backup offers as well. This way, you’re not obligated or pressured to continue showing your home. You’ll have the rare luxury to turn away other buyers until you move out completely.
Of course, planning this scenario is one thing, and actually getting it done that way is another matter. Regardless, here are 6 tips that will help you show your home for maximum profit:
Plan on leaving your home, and let the buyers by themselves. Direct contact with the sellers is not a good idea as a rule of thumb. A home transaction is a very emotional experience, and the ...
Friday, December 6, 2019 / by Dennis Isip
Here are 10 home interior tips that will impress home buyers:
GIVE YOUR HOME A SPACIOUS LOOK. If you’ve ever toured a model home, you’ve noticed that the home is spacious and bright. Make your home look the same: 1) clear out stairs and halls of clutter and excess furniture, 2) clear counters in the kitchen and bathrooms, and 3) Make closets and storage areas neat and tidy.
The Bathrooms - Repair loose tiles. Faded tile colors can be improved using an epoxy spray. Concentrate on areas such as counter corners, shower corners, and base of toilet. Clean mildewed caulk by spraying Tilex, or use diluted chlorine bleach and let stand for at least 30 minutes before rinsing. Remove all soap scum and dirt build-ups. Clean glass doors with vinegar, and replace badly soiled shower curtains. Don’t forget to vacuum exhaust fans.
The Kitchen - Clean ovens thoroughly. Clean cooktops and exhaust fans. Remember to clean behind your ap ...
Wednesday, November 27, 2019 / by Dennis Isip
Potential buyers are much more likely to return to a home that impresses them at first glance, while homes that appear disorderly or poorly maintained seldom sustain buyer interest (unless they’re investors looking for a bargain wholesale deal).
The first (and largest) area of concern is home odors. Homeowners become desensitized to the odors in their homes, they rarely realize how obvious odors can be to visitors. This is particularly true of pet owners and smokers.
Carpet and flooring. One of the most visible areas of your home is your flooring. If your carpet is worn or dirty, get it replaced or cleaned. If you have vinyl flooring with corners coming up, get it glued down.
Paint and Walls. Paint is one of the least expensive ways to “spruce-up” your home. Consider painting outside trim, and interior walls and doors.
Get rid of clutter. Excess clutter is a big buyer turn-off. You have to move anyway, so y ...
Tuesday, November 26, 2019 / by Dennis Isip
The real answer is it depends on a couple of factors:
The conditions of the houses you’re selling and buying (and your willingness to do anything about them.
Whether or not you’re willing to move twice.
Your financial ability to temporarily own 2 houses concurrently.
Your price sensitivity between the houses you’re selling and buying.
Consider the following micro analysis of 10 different neighborhoods in Spokane:
In last 30 days