Wednesday, October 16, 2019 / by Dennis Isip
A seller’s market is a situation where there are more buyers looking for a house, than there are available properties for sale. Home prices have a tendency to escalate due to potential bidding wars between multiple buyers.
Correctly priced homes in Spokane Real Estate market have been selling fast and furious. Those houses that have been on the market for an extended period of time are overpriced.
As a Spokane Realtor, I like numbers, so I turn to the statistics of actual listings, and actual home sales to analyze the state of the market. I divide the number of homes available for sale, by the number of homes that were sold within the last 30 days. The resulting quotient is the current Inventory, expressed in months.
Available Homes = Months of Inventory
In a nor ...
Friday, March 15, 2019 / by Ellen Sanford
When you think of real estate negotiations, what comes to mind? For most buyers and sellers, price tops the list. While this is certainly an important part of any real estate deal, did you know there are at least six others areas of potential negotiation?
Closing costs: In addition to the price of the home, buyers must pay closing costs that cover lender fees and other charges. Buyers may ask sellers to help pay for these costs with a flat dollar amount or a percentage of the fees.
Closing date: Do you need to close on a home quickly? Perhaps you need a little more time to search for your next home. There are also different advantages to closing at the beginning and end of the month.
Personal property: What will be included with the four walls and roof? Negotiations will be worked out on whether the seller includes the washer and dryer, kitchen appliances, and even items such as living room furniture or that pool table in the basement.
Contingencies: Many re ...
Friday, March 15, 2019 / by Curtis Sienkiewicz
When you’re getting ready to list your house, the goal isn’t just to sell – it’s to sell quickly! The longer your house is on the market, the less likely it is to fetch top dollar.
Want to sell your house as quickly as possible? These tips are essential.
Hire a Real Estate Agent and follow their advice
Some sellers are tempted to go it alone. But for a quick sale that maximizes profit, go with a Real Estate agent – and listen to their suggestions. Their market knowledge is invaluable when it comes to pricing and marketing your home.
Boost your curb appeal
Give your front door a fresh coat of paint (punchy red, blue, or yellow is a nice way to switch it up), add hanging baskets and planters to your front stoop, and resod your lawn. A home that looks well cared for is more inviting to prospective buyers.
If you really want to sell fast and you have the budget required, allow a professional stager to come an ...
Friday, March 15, 2019 / by Curtis Sienkiewicz
Today’s television lineup is packed with shows about property ownership. From remodeling to purchasing to flipping homes, HGTV and other similar channels have inundated homeowners with ideas about real estate.
As a result, many buyers now have high expectations as they search for a potential home. They’ve seen the magazine-worthy houses on TV and that’s what they want to find when they view a home. Things should be picture perfect to grab their attention. Fresh paint, new kitchens and bathrooms, neutral décor, and modern conveniences top the lists of many buyers.
It’s important for sellers to keep these standards in mind as they prepare to place their homes on the market. To get that coveted buyer, sellers must give buyers what they want. If they are looking for a picturesque setting, then give them one.
Invest in upgrades for outdated interiors. Allow a professional to stage the home. Take the time to boost curb appeal. Ask a real ...
Thursday, March 14, 2019 / by Ellen Sanford
Every seller wants to maximize his or her profit. Partnering with a real estate agent is a great start. Homeowners can further increase their bottom line with a few simple steps. To get the most out of your house, complete the following before you list.
Hire your own home inspector. If a buyer’s inspector finds issues with your home, you can expect your profit to shrink. Stay one step ahead by hiring your own home inspector to unearth any potential issues.
Invest in repairs. In addition to addressing any trouble the home inspection reveals, it’s a good idea to have cosmetic issues addressed. Prospective buyers notice things like cracked tile, chipped baseboards, or a squeaky floorboard, and this will be reflected in their offer.
Upgrade where it counts. You don’t have to renovate your whole house to turn a healthier profit. Make small, impactful swaps, such as switching out lighting, cabinet hardware, or shower heads for cleaner, more contempora ...