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Over Pricing | pricing Blog

Friday, November 15, 2019   /   by Keri McCombs

Should I Do Repairs On My Home Before Selling It?

The decision has been made to sell your home. But you think you need to make repairs on your home. So the question looms: do you make those repairs or do you forego the repairs and list your home the way it is?

This is such an important thing to consider, and it's not a simple yes or no question. Well really, when it comes to real estate, almost nothing is a simple yes or no answer, because everything depends on your particular situation, your home, and your end goal. Also, so many homeowners think they have to do so many more repairs than are actually necessary, or that will be financially beneficial for your home sale.

There are a couple of factors to look at when deciding if you should make repairs on your home prior to selling.

Factor #1: The Price Of Your Home
The price range of your home matters so much. I mean, think about it, buyers are different price points have different expectations of what they will find in a home. So the first step is to find out wha ...

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Monday, November 11, 2019   /   by Ariadne Gold

How Long Will It Take to Sell My House?

There really isn’t one definite answer to this question, every transaction is different! However, I will give you some common scenarios.

The “normal” number of days from contract to close for a loan is 30, however; some lenders can do this faster and some slower. Local lenders are generally able to close faster than an out of state lender (I’ve seen local lenders close in 14-21 days.) This also depends on the time of year; the appraisal is usually what takes the longest, and in the summer appraisers tend to get very busy.

So that’s the time from contract to close; what about from when you list your home to when you get under contract?  As I’ve said before… It all comes down to price and condition!  In the Spokane market, the current average days on market is 23.  This is a mixture of homes that are priced aggressively and go under contract in a few days, and homes that are priced too high and aren’t in good conditi ...

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Friday, November 08, 2019   /   by Elizabeth Sorensen

How Quickly Will My Home Sell??

How quickly will my home sell?? 

This is a common question I get asked by home sellers and the answer is- it depends. 

The current market climate will determine how quickly your home will sell. 

In a hot seller’s market, where there is limited inventory, meaning there are more buyers than homes to purchase, you can sell your home in a day (although I highly recommend allowing the home to have proper marketing time so that you can receive the greatest amount of exposure and receive the most offers). 

Anytime someone tells me they sold their home in one day, I always shake my head because I know that means they left a lot of money on the table- often thousands! 

You want to give your time home to get maximum exposure. In this market, I don’t recommend you accept any offers sooner than 72 hours after listing. This will make sure all of the buyers out there have a chance to see it. In this way, you’re much more l ...

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Monday, October 28, 2019   /   by Connie Tracy

What can I do if my house isn't selling?

Your home is showing, showing, and showing and not selling. That means it is time to make some changes especially if it's been on the market for more than 30 days. In a strong market, if a home is priced right and shows well, it should sell within the first weeks depending on the price point. At this point, you may have some frustration and your agent is armed and ready to drop the price. Unfortunately, a lot of Realtors think that is the only answer.

Agents understand that a listing can lose momentum and excitement soon after being listed. Buyers will think of a home as stale, tired, or flawed if it sits on the market too long. Buyers are pretty savvy right now. They have a lot of ways to do market research. If the home has been on the market for more than 30 days, they will wonder what's wrong with the house?

The longer a listing sits, and the more the sale price falls below the list price, generally means that there is a good chance your home will sell for less.  ...

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Thursday, October 24, 2019   /   by Dennis Isip

How Can I Sell My Spokane WA House Quickly?

Did you get a new job? Or was there an unfortunate and unexpected death in the family? Are you getting a divorce? In any case, how do you sell your home in 5 days?

Depending on your location, you may not have to do anything special if you’re going to price it correctly. The Spokane real estate market is still hot, though there are neighborhood pockets where you need to do some extra effort and attention to detail.

A case in point is the Glenrose neighborhood south of 29th and east of Thor. According to the statistics as of this writing, its inventory is 3.5 months, compared to the 1.2 average in Spokane County. Currently, there are 21 homes available, with only 6 closings in the past 30 days. More houses available in this area means that sales are slower compared to the rest of Spokane. If your home was to become the 22nd property for sale, how would you compete?

Of course, as a seller you’d want the highest possible price. However, if you overprice it, it wi ...

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