Saturday, October 19, 2019 / by Elizabeth Sorensen
As you all know, we have been in a steady strong seller’s market for a long time now. And although we are still in a very hot sellers market, there are a few things I’d like to point out and what that means to you whether you are selling your home or still looking to buy a home.
Heading into the 4th quarter of 2019, low inventory continues to be a headwind for increasing sales prices in Spokane County. We are still hovering at just over a month of inventory. Remember, a balanced market is about 5 ½ months of inventory. With this continued low inventory, we’ve continued to see home prices rise over the last year. The average closed home sales price has risen over 11% compared with this time period last year in 2018. The average closed sales price in September 2018 was $260K, whereas, this last month the average closed sales price was $290K.
What I want to point out today is the “old as time” principal of supply a ...
Friday, October 18, 2019 / by Andria Sanchez
How Can You Sell Your Home Fast?
1. Make buyers feel at home
Declutter your home! Pack away all personal items like pictures, awards, and sentimental belongings. Make them feel like they belong in this house! According to the Profile of Home Staging by the National Association of Realtors, “83% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.” Not only will your house spend less time on the market, but the same report mentioned that,
“One-quarter of buyers’ agents said that staging a home increased the dollar value offered between 1 – 5%, compared to other similar homes on the market that were not staged.”
2. Keep it organized
Since you took the time to declutter, keep it organized! Before the buyers show up, pick up toys, make the bed, and put away clean dishes. It is also a good idea to put out some cookies fresh from the oven or a scented candle. Buyers will remember th ...
Friday, October 18, 2019 / by Elizabeth Sorensen
When it comes to selling your home, you want to make sure you list and sell at the right time. But the “right time” can vary from person to person. What might be the perfect time for your neighbor or friend to sell might be too early—or too late—for you.
So how, exactly, do you know the best time to sell for you? There are five key factors to consider when determining the best time to sell, including:
Getting ahead of the competition. While many home sellers think spring is the best time to sell, listing your home from December through March can help you get ahead of the competition—and help your home stand out to buyers.
Your local market. Obviously, there are national trends in the real estate market that you want to pay attention to—but not all areas follow those national trends. Before you decide to list your home, make sure you dig deep into what’s going on with your local market and how those conditions might impact your home s ...
Thursday, October 17, 2019 / by Elizabeth Sorensen
Would you like to know a trick you can use to sell your home faster and for a higher price? Of course! Who wouldn’t? When you put your home on the market, you want it to sell quickly—and profitably. One trick that I share with my sellers is quite simple but has a huge pay-off and that is scheduling a home inspection before you list.
There are many benefits of having your home inspected before you start showing it to potential buyers. Scheduling a home inspection before you put your home on the market gives you a heads-up on any necessary repairs that could lower your home’s selling price (or kill the sale entirely). You don’t want to give the buyer’s any reason to try and work you down in the price or ask for a huge laundry list after they do their inspection. Knowing what’s wrong with your home, before you list, gives you extra time to find the right team and schedule repairs (instead of scrambling at the last minute to find anyone who can take ...
Wednesday, October 16, 2019 / by Kylene Emery
Find a great real estate agent! There are over 2500 agents just in Spokane county alone! Nearly half of them haven’t sold a home this year. You need to do your due diligence when deciding who you are going to have help you sell your home.
The good news is, it has never been easier to find a great agent! Vetting an agent ahead of time will ensure that you sell your home for the most money in the shortest amount of time! There are a variety of ways to find a great agent, but I often tell people to that google is a great place to start.
You want to find a professional who has sold homes in your area and who is highly recommended based on their client’s reviews! An experienced real estate agent will give your home a much-needed online presence through both the Multiple Listing Service as well as all the major home selling websites like Zillow and Realtor.com. They wi ...