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How to Make the Most of Your Tax Refund When Buying a Home

Tax season isn’t just about filing paperwork—it’s also an opportunity to take a step closer to homeownership. If you’re expecting a tax refund this year, it could be the perfect financial boost to help you buy a home. Whether you’re a first-time buyer or looking to make a move, here are smart ways to maximize your tax refund to get into your dream home faster.

A couple sitting at their computer checking on their finances

1. Boost Your Down Payment

One of the biggest hurdles for homebuyers is saving for a down payment. While many loan programs allow for low down payments, the more you put down upfront, the more you can save in the long run. A larger down payment can:

  • Lower your monthly mortgage payments
  • Reduce your loan-to-value (LTV) ratio, making you a stronger borrower
  • Help you avoid private mortgage insurance (PMI) if you reach the 20% threshold

Even if your refund doesn’t cover the full down payment, it can make a significant impact when combined with other savings.

2. Cover Closing Costs

Beyond the down payment, homebuyers often face closing costs ranging from 2% to 5% of the home’s purchase price. Your tax refund can help cover expenses like:

  • Loan origination fees
  • Title insurance
  • Appraisal fees
  • Home inspections

By using your refund to offset these costs, you can free up more of your savings for future home expenses.

3. Start Your Emergency Fund

Owning a home comes with unexpected expenses, from repairs to maintenance. If you don’t already have a dedicated home emergency fund, your tax refund is a great way to get started. Experts recommend setting aside at least 1-3% of your home’s value annually for maintenance and repairs.

Pink piggy bank with coins scattered around

4. Pay for a Home Inspection and Other Upfront Costs

A thorough home inspection is essential before purchasing a home. It ensures there are no hidden surprises that could cost you thousands down the road. Your tax refund can go toward:

  • A professional home inspection
  • A termite or pest inspection
  • A radon or mold test
  • An appraisal, if required upfront by your lender

These are small but critical investments in making an informed purchase.

5. Lower Your Interest Rate with Discount Points

If you want to save money over the life of your loan, consider using your tax refund to buy mortgage discount points. Discount points are fees you pay upfront to secure a lower interest rate. This strategy can reduce your monthly mortgage payment and save you thousands over the life of the loan.

6. Improve Your Credit Score Before Applying

If you’re still in the early stages of your home-buying journey, consider using your tax refund to pay down existing debt. Lowering your credit card balances or paying off a personal loan can:

  • Improve your debt-to-income (DTI) ratio
  • Boost your credit score
  • Help you qualify for better mortgage terms

A higher credit score can mean a lower interest rate, saving you money on your mortgage.

Two people sitting at a table with paperwork in between them

7. Work with a Knowledgeable Real Estate Agent

A tax refund is a powerful tool, but having the right real estate expert on your side is just as important. A knowledgeable agent can guide you through the home-buying process, help you find the best properties within your budget, and negotiate on your behalf.

If you’re ready to take the next step toward homeownership, reach out to a trusted real estate agent today. They can help you strategize your finances, explore available loan programs, and find the perfect home for your needs.

Make Your Tax Refund Work for You

Your tax refund is more than just extra cash—it’s a stepping stone to achieving your homeownership dreams. Whether you use it for a down payment, closing costs, or financial preparation, making smart choices now can set you up for long-term success.

Ready to get started? Connect with a local real estate expert today and turn your tax refund into a key investment in your future home!

The post How to Make the Most of Your Tax Refund When Buying a Home appeared first on Dakno Blog.

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Selling This Spring?

Spring is the season of new beginnings, and for homeowners, it’s also the hottest time to sell. If you’re considering listing your home, partnering with an experienced real estate agent is the key to maximizing your profit and minimizing stress. Here’s why working with the right agent this spring is your smartest move.

home interior living room spring

1. The Spring Market Advantage – Timing Matters

Spring has long been the best season to sell, thanks to increased buyer demand, longer daylight hours, and homes looking their best. According to real estate trends, inventory tends to rise in the spring, but so does competition among buyers eager to move before summer.

A skilled agent understands market fluctuations and can help you list your home at the optimal time for maximum exposure. They’ll analyze local market conditions—such as inventory levels, buyer demand, and interest rates—to ensure you hit the market when buyers are most active.

2. Pricing Right From the Start – Avoid Costly Mistakes

Setting the right price is crucial. Overpricing can lead to a stagnant listing, while underpricing leaves money on the table. A professional agent will conduct a comparative market analysis (CMA) to determine a competitive price that attracts serious buyers while maximizing your return.

Data shows that homes priced correctly from the start sell faster and often receive multiple offers. In fact, homes that undergo a price reduction sit on the market twice as long as those priced correctly at listing. Your agent’s expertise ensures you avoid these costly missteps.

real estate negotiation, shaking hands

3. Preparing Your Home – Where to Invest and Where to Save

Not all home improvements are created equal. An agent can guide you on which updates will deliver the biggest return on investment and which aren’t worth the expense.

Here’s a checklist of high-impact, budget-friendly improvements:

  • Deep clean and declutter every space
  •  Boost curb appeal with fresh mulch, trimmed bushes, and a power-washed walkway
  • Apply a fresh coat of neutral paint to walls
  • Stage key rooms to highlight functionality and space
  • Upgrade lighting for a warm, inviting atmosphere

An experienced agent helps you focus on what truly matters, so you don’t waste money on unnecessary renovations.

4. The Power of Professional Marketing & Negotiation

Today’s buyers start their home search online, which means high-quality photos, targeted advertising, and strategic marketing are non-negotiable. A top agent will ensure your home gets in front of the right buyers through:

  • Professional photography and videography to showcase your home in its best light
  • Targeted online advertising to reach the most qualified buyers
  • Social media and email marketing to maximize visibility

Beyond marketing, negotiation is where a seasoned agent shines. They advocate for your best interests, ensuring you get the best possible price and terms while navigating multiple offers with skill and strategy.

photographing living room

5. Navigating the Selling Process – A Stress-Free Experience

Selling a home involves managing showings, buyer inquiries, offers, inspections, and legal documents. We take on these responsibilities, so you don’t have to. We’ll handle the complexities, preventing potential legal and financial pitfalls.

Get Ahead of the Competition – Work with the Best Agents for the Job

If you’re thinking of selling this spring, now is the time to start. As experienced agents, we have the expertise, marketing strategies, and negotiation skills to ensure your home sells quickly and for top dollar.

Reach out today for a free home value consultation or a personalized spring selling strategy session. Let’s make your home sale smooth, successful, and stress-free!

The post Selling This Spring? Why Partnering with the Right Agent is Your Best Move appeared first on Dakno Blog.

Ready to list and looking for tips on how to boost the attractiveness of your home? Read our article for advice on how to maximize the curb appeal of your home!

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Two Resources That Can Help You Buy a Home Right Now

A recent report from Realtor.com says 20% of Americans don’t think homeownership is achievable. Maybe you feel the same way. With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge. But here’s the thing. With the right resources for home buying and some help, you can still make it happen.

There are options that can help make buying a home possible today — even if your savings are limited or your credit isn’t perfect. Let’s explore just two of the solutions that could help get you into your first home no matter the market.

1. FHA Loans

If your down payment savings and your credit score aren’t where you want them to be, an FHA loan could be your pathway to buying a home. According to the U.S. Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:

  • Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.
  • Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing. This means, when conventional loans aren’t an option, you may still be able to get an FHA loan.

The first step is to connect with a lender who can help you explore your options and determine if you qualify.

2. Homeownership Assistance Programs

And if you need a more budget-friendly down payment, that’s not your only option. Did you know there are over 2,000 homeownership assistance programs available across the U.S. according to Down Payment Resource? And more than 75% of these programs are designed to help buyers with their down payment. Here’s a bit more information about why these could be such powerful tools for you:

  • Financial Support: The average benefit for buyers who qualify for down payment assistance is $17,000. And that’s not a small number.
  • Stackable Benefits: To make it even better, in some cases, you may be able to qualify for multiple programs at once, giving your down payment an even bigger boost.

Rob Chrane, CEO of Down Payment Resource confirms a little-known fact:

“Some of these programs can be layered. And so, in other words, you may not be limited to just one program.”

If you want to learn more or see what you qualify for, be sure to lean on the pros. A trusted real estate agent and a lender can guide you through the process, explain the help that’s out there, and connect you with resources to make buying a home a reality. For tried and true information on home loans, read our Mortgages Made Easy article.

Bottom Line

If you’re ready to stop wondering if buying a home is possible and start exploring solutions, let’s connect. 

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11,000 Homes Will Sell Today – Will Yours Be One of Them?

Are you hesitant to sell your house because you’re worried no one’s buying with rates and prices where they are right now? Here’s some perspective that can help.

The market actually isn’t at a standstill. While there weren’t as many sales last year as there’d be in a normal market, roughly 4.15 million homes still sold (not including new construction), according to the National Association of Realtors (NAR). And the expectation is that number will rise in 2025. That means more people will likely move this year, and they need homes to buy. Homes like yours.

But even if we only match last year’s sales pace, here’s what that looks like.

Every Minute Homes Are Selling – Literally

  • 4.15 million homes ÷ 365 days in a year = 11,370 homes sell each day
  • 11,370 homes ÷ 24 hours in a day = 474 homes sell per hour
  • 474 homes ÷ 60 minutes = roughly 8 homes sell every minute

Think about that. Just in the time it took you to read this, 8 homes sold.

If you’ve been holding off on selling your house because you think buyers aren’t out there, let this reassure you – there are still buyers looking to buy.

Every day, thousands of people need to buy homes. So, while higher home prices and mortgage rates have slowed the market down and forced some buyers onto the sidelines, that doesn’t mean the market isn’t active. Many buyers are still eager to make a move because life doesn’t wait for perfect market conditions.

With the right agent by your side, you can get your house in front of those buyers while other hesitant homeowners are still putting their plans on pause because they’re worried buyer demand has disappeared. Let’s get your house sold.

Bottom Line

On average, over 11,000 homes sell every day, and yours could be one of them. In the time it took you to read this, another 8 homes sold.

When you’re ready to take the next step, let’s connect so you have an agent to create that perfect strategy. Call us at (918) 665-8559 or contact us on our website.

In the meantime, check out our post on the Best Timeline to Sell Your Home.

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New Year, New Home: Why January is a Great Time to Start House Hunting

A new year represents fresh beginnings, making January the perfect time to start house hunting and find your dream home. While many people are focused on setting personal goals, savvy buyers know that the real estate market in January can offer unique opportunities. As seasoned real estate experts, we’re here to ensure you’re informed, prepared, and confident every step of the way.

Why January Stands Out for Homebuyers

1. A Slower Market Means Less Competition

Unlike the bustling spring and summer months, January is typically a quieter time in real estate. Many are still recovering from the holidays, and families often prefer not to move during the school year. This slowdown means more opportunities, giving you more time to make decisions.

2. Motivated Sellers Create Opportunities

Homes listed during the winter months often belong to motivated sellers. Whether they’re relocating for work, adjusting to life changes, or simply eager to sell after the holidays, these sellers are more likely to entertain reasonable offers. This dynamic can work in your favor, giving you greater leverage in negotiations.

3. Fresh Listings and Hidden Gems

While it’s true that some homeowners wait until spring to list, January often sees a wave of fresh inventory. Additionally, properties that didn’t sell during the holiday season might now be priced more competitively. As your trusted agent, we’ll help you spot these hidden gems and act quickly when the right opportunity arises. We can guide you as your search the most up-to-date inventory in Tulsa.

4. Easier Access to Professionals and Services

The off-season means home inspectors, appraisers, contractors, and movers often have greater availability. This can streamline the entire homebuying process, ensuring fewer delays and a more efficient path to closing.

How We Help You Start the Year Right

Embarking on the homebuying process in January comes with unique opportunities, but it also requires a strategic approach. That’s where we come in! Here’s how we’ll work together to set you up for success:

Customized Guidance Based on Your Needs

Your home search should be as unique as you are. We’ll take the time to understand your lifestyle, budget, and goals, ensuring we focus on properties that truly align with your vision.

In-Depth Market Knowledge

Our expertise in local markets means we’ll help you identify neighborhoods with the best potential for growth, great schools, or amenities that matter most to you. We’ll also monitor market trends to help you make informed decisions.

Pre-Approval and Financial Planning Assistance

Starting your home search with a pre-approval letter not only strengthens your position when making an offer but also ensures you’re looking at homes within your budget. We’ll connect you with trusted lenders who can guide you through the financing process.

Expert Negotiation

Navigating offers and counteroffers can be daunting, but we’re here to advocate for your best interests. We’ll handle the details, ensuring you get the best deal possible without unnecessary stress.

Additional Considerations for January Buyers

  • Weather and Inspections: Winter weather can reveal potential issues in a home, such as drafty windows, inefficient heating systems, or roof damage. These insights can be invaluable when making an informed decision.
  • Future Planning: Buying in January gives you time to settle into your new home before spring and summer, making it easier to plan renovations, landscaping, or family gatherings in warmer months.

Your New Home Awaits

Starting your home search in January positions you ahead of the springtime rush, giving you access to motivated sellers, fresh listings, and a less competitive market. Whether you’re looking for your first home, upgrading to accommodate a growing family, or downsizing, we’re here to make your journey seamless and enjoyable.

Let’s make this the year you find your dream home!

Reach out today to schedule a no-obligation consultation. We’ll answer your questions, discuss your goals, and develop a personalized plan to help you succeed. Don’t wait—your perfect home could already be on the market, and we’re here to help you find it.

The post New Year, New Home: Why January is a Great Time to Start House Hunting appeared first on Dakno Blog.

For more in-depth information, check out our article on tips for effective house hunting.

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Setting Your Real Estate Goals for 2025

As the calendar turns to a fresh year, many of us start thinking about our real estate goals and dreams for the months ahead. Whether you’re planning to buy your first home, sell your current house, or simply explore your options, setting clear real estate goals for 2025 is a fantastic way to start the year on the right foot. And guess what? You don’t have to do it alone!

We’re not just here for you when you’re ready to make a move—we’re here to help you prepare, strategize, and feel confident about your real estate decisions every step of the way. Let’s dive into how you can set achievable real estate goals for the year and how we can support you.

1. Reflect on Your Real Estate Dreams

Take a moment to think about what’s important to you when it comes to your home. Are you dreaming of upgrading to a larger space? Downsizing now that the kids have moved out? Moving closer to work or family? Or perhaps you’re curious about what your home could sell for in today’s market. Whatever your goals, it’s helpful to write them down. Even if they feel a little far off, having a clear vision can help guide the steps you take this year.

2. Start the Conversation Early

You don’t need to wait until you’re ready to buy or sell to talk to a real estate agent. In fact, the earlier you reach out, the better! By starting the conversation now, we can help you:

  • Understand current market conditions.
  • Answer any questions about the buying or selling process.
  • Discuss potential timelines that align with your personal goals.
  • Identify key steps to prepare your home or finances.

Whether you’re thinking of making a move in six months or a year, having a game plan in place will make the process much smoother when the time comes.

3. Get to Know the Market

The real estate market is always evolving, and it’s important to stay informed. We’re here to provide insights into what’s happening locally, from current home prices to trends in demand. For buyers, this can mean understanding how to position yourself in a competitive market. For sellers, it’s about knowing when the time is right to list your home.

4. Plan Ahead for Financial Success

Your financial readiness plays a big role in achieving your real estate goals. If you’re buying, now is a great time to evaluate your credit score, save for a down payment, and explore loan options. If you’re selling, we can discuss how to maximize your home’s value through strategic improvements. By taking proactive steps, you’ll set yourself up for success when you’re ready to move forward.

5. Ask Questions—Lots of Them!

Curious about what’s happening in your neighborhood? Not sure if it’s the right time to refinance? Wondering what a home inspection entails? No question is too big or small! We’re here to provide answers, guidance, and peace of mind so you can feel empowered in your real estate journey.

Let’s Make 2025 Your Year!

Whether your real estate goals are crystal clear or just starting to take shape, we’re here to help you turn them into reality. Reach out to us today to schedule a no-pressure chat. We’ll listen to your ideas, share insights, and help you create a plan that works for your unique situation.

Remember, achieving your real estate goals isn’t just about where you’re going—it’s about having the right team to guide you there. Let’s make 2025 a year of exciting opportunities and big wins in real estate!

The post Setting Your Real Estate Goals for 2025: Let’s Make a Plan Together! appeared first on Dakno Blog.

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How Eco-Friendly Features Can Boost Your Home’s Value

Selling your house? Or just looking to increase the value and appeal of your home for when you do? Here’s something you should know – homebuyers are increasingly looking for homes with eco-friendly features.

What Energy Efficient Features Do Buyers Want?

According to recent data from the National Association of Realtors (NAR), when buyers think about eco-friendly features, they’re looking for (see visual below):

a blue and white rectangles with white text
  • Heating and cooling costs: 82% of buyers consider heating and cooling costs to be one of the most important factors when looking for a home. And efficient heating and cooling systems with programmable thermostats can significantly lower monthly energy bills.
  • Windows and doors with proper insulation: These help maintain comfortable indoor temperatures without overworking the HVAC system, which turns into saving on energy bills.
  • Energy-efficient lighting and appliances: These can save money on utility bills and reduce a home’s overall energy use too.
  • Commuting costs and environmentally friendly community features: Living in a community designed with energy-saving amenities and shorter commutes can reduce expenses and environmental impact.
  • Landscaping for energy conservation: Strategically placed trees and shrubs can lower cooling costs in the summer.
  • Solar panels: Solar panels can also provide long-term savings and are an attractive feature for eco-conscious buyers.

The common theme? Environmentally friendly features are popular with buyers because they help them save money and make homes more comfortable to live in. But making some of these updates before you sell your house doesn’t just benefit buyers – it’s worthwhile for you too.

How Green Features Benefit You

If your appliances or systems are aging, upgrading them now means you can enjoy the savings and comfort while you’re still living in the home.

The U.S. Department of Energy has introduced Home Energy Rebates, which can provide households with up to $14,000 in savings on energy-efficient upgrades. This includes insulation, duct sealing, heat pumps, and more. These rebates make it more affordable than ever to improve your home’s efficiency.

Then, when you decide to sell, you’ll reap the rewards again. Energy-efficient homes stand out in a competitive market and appeal to the growing group of environmentally conscious buyers.

Studies also show that homes with energy-efficient upgrades, like those with high-efficiency HVAC systems or modern insulation, are more desirable for buyers- and they generally net a higher price. Research from Freddie Mac found that homes with high energy-efficiency ratings sold for 2.7% more on average than homes without these upgrades.

Work with a Real Estate Agent to Maximize Value

Not sure which upgrades to prioritize? That’s where a local real estate agent comes in. They can help you identify the eco-friendly features that buyers in your area value most. Whether it’s adding Energy Star appliances or improving insulation, they’ll guide you in making the best choices for your house and your budget.

Bottom Line

Making environmentally friendly upgrades can pay off in more ways than one. You can enjoy saving on energy bills and improved comfort now. Additionally, you’ll have the satisfaction of knowing you’re contributing to a more sustainable future while adding value to your home. Ready to learn more about how you can make your house stand out? Let’s connect.

Interested in this from the opposite side? Find out what features to avoid in our article about mistakes that might damage your property’s value.

Reach out to us here if you’re ready to sell your home, or call us: (918) 665-8559

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Home Maintenance Benefits Before the New Year

Key Facts:

  • Year-end home maintenance helps keep your property in top shape for the upcoming year.
  • Tackling small issues now can save money and prevent costly repairs later.
  • A simple maintenance checklist ensures your home remains safe, comfortable, and efficient.

As the year winds down, it’s the perfect time to give your home maintenance tasks some well-deserved attention. Year-end care not only keeps your property in great condition but also sets the stage for a worry-free start to the new year. Let’s take a look at why this is so important and how you can get started with some simple but effective tasks.

Modern white kitchen

Why Year-End Maintenance Matters

Taking care of home maintenance before the new year is a smart move for every homeowner. Regular upkeep ensures your home remains a safe and comfortable space for you and your family. It also helps maintain or even increase your property value, a crucial factor whether you’re planning to sell soon or simply protecting your investment.

Ignoring small issues, like a clogged gutter or a drafty window, can lead to bigger and costlier problems down the road. By tackling these tasks now, you can save yourself the headache—and the expense—of more significant repairs later.

Smoke detector in home, ready to be checked for year-end home maintenance

Essential Tasks for Your Year-End Checklist

Here are some essential maintenance tasks to complete before ringing in the new year:

  1. Inspect and Clean Gutters
    Ensure your gutters and downspouts are clear of leaves and debris. Regular cleaning helps prevent water damage and keeps your home’s drainage system working efficiently.
  2. Schedule an HVAC Inspection
    Check that your heating system is running efficiently to avoid breakdowns during the colder months. Replace filters for better air quality and energy efficiency.
  3. Seal Drafty Areas
    Inspect windows and doors for drafts. Add weatherstripping or caulking as needed to improve energy efficiency and reduce heating costs.
  4. Test Smoke and Carbon Monoxide Detectors
    Replace batteries and ensure all detectors are in working order. Safety should always be a top priority.
  5. Check Your Roof
    Look for loose or damaged shingles and address any minor issues before they become major problems.
  6. Prepare Your Outdoor Spaces
    Store or cover patio furniture if needed. Clear walkways of debris to maintain safety and keep outdoor areas tidy and accessible year-round.
  7. Declutter Your Home
    Use the end of the year as an opportunity to declutter and organize. A tidy home is easier to maintain and feels more welcoming.
Beautiful living room in new traditional style luxury home.

Start the New Year Right

By taking the time to complete these maintenance tasks, you’re setting yourself up for a year of comfort, safety, and savings. Homeownership comes with its responsibilities, but a little effort now can go a long way in protecting your property and your peace of mind.

Need more tips for maintaining or upgrading your home? Contact us today for expert advice and resources to help you make the most of your homeownership journey.

The post The Benefits of Home Maintenance Before the New Year appeared first on Dakno Blog.

Home maintenance is an integral part of  prepping your home for sale, too. If you’re getting ready to put your home on the market, check out our post on the next step and get some Winter Staging Secrets.

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Real Estate During the Holidays

Key Facts:

  • The holiday real estate market offers unique advantages for both buyers and sellers.
  • Strategic planning can help you navigate the season’s challenges and opportunities.
  • Flexible schedules, festive staging, and smart negotiation tactics are key to success.

The holiday season may not seem like the ideal time to dive into the real estate market, but it actually offers unique opportunities for both buyers and sellers. With a bit of strategic planning and the right mindset, you can make the most of this festive time to achieve your real estate goals. Let’s take a closer look at what makes real estate during the holidays special and how you can navigate it successfully.

Mantle with holiday decor and stockings

Why the Holiday Market Works for Buyers and Sellers

For buyers, the holidays can mean less competition and motivated sellers. Fewer people are actively house-hunting this time of year, which often translates to a quieter market and the chance to avoid bidding wars. Plus, sellers who list their homes during the holidays are often eager to close quickly, making it an excellent time to negotiate favorable terms.

Sellers, on the other hand, can benefit from a more serious pool of buyers. Those looking for homes in December tend to be motivated and ready to act, which is great news if you’re aiming for a smooth, quick sale. Additionally, with fewer homes on the market, your property has a better chance of standing out. And let’s not forget the added charm of a well-decorated, festive home—it’s hard to resist a cozy space with twinkling lights and a warm ambiance.

Holiday wreath on front door

Tips for Sellers: Stand Out This Holiday Season

If you’re selling during the holidays, a little extra effort can go a long way. Start by staging your home to highlight its best features while keeping holiday décor subtle and tasteful. A wreath on the door or a few sparkling lights can add warmth without overwhelming potential buyers.

Since daylight hours are shorter, ensure your home is well-lit for showings. Bright spaces feel more inviting, so turn on lamps and add some soft, warm lighting where needed. Flexibility is also key—buyers’ schedules can be hectic this time of year, so accommodating their availability can help seal the deal.

Couple on laptop exploring the holiday real estate market

Advice for Buyers: Be Prepared to Move Quickly

On the buying side, timing is everything. With fewer listings available, when you find the right home, you’ll need to act fast. Being pre-approved for a mortgage and having a solid offer ready can make all the difference.

Negotiation can also work in your favor during the holidays. Sellers may be more willing to negotiate on price or closing terms to finalize a deal before year-end. Stay flexible and proactive, and you could find yourself with a fantastic deal before the new year.

Home foyer with holiday wreath and table with Christmas decor

Embrace the Holiday Market

Navigating the real estate market during the holidays doesn’t have to be stressful. With thoughtful planning and a clear strategy, you can make the most of this unique time of year. Whether you’re buying your dream home or preparing to list your current property, the holiday season might just be the perfect time to make your move.

Thinking about buying or selling this holiday season? Reach out to us today—we’d love to help you take the next step toward your real estate goals.

The post Navigating the Real Estate Market During the Holidays appeared first on Dakno Blog.

Interested in learning more about listing during the holiday season? See our post on Holiday Home Selling!

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Should You Sell Your House As-Is or Make Repairs?

A recent study from the National Association of Realtors (NAR) shows most sellers (61%) completed at least minor repairs when selling their house. But sometimes life gets in the way and that’s just not possible. Maybe that’s why, 39% of sellers chose to sell as-is instead (see chart below):

If you’re feeling stressed because you don’t have the time, budget, or resources to tackle any repairs or updates, you may be tempted to sell your house as-is, too. But before you decide to go this route, here’s what you need to know.

What Does Selling As-Is Really Mean?

Selling as-is means you won’t make any repairs before the sale, and you won’t negotiate fixes after a buyer’s inspection. And this sends a signal to potential buyers that what they see is what they get.

If you’re eager to sell but money or time is tight, this can be a relief because it’s that much less you’ll have to worry about. But there are a few trade-offs you’ll have to be willing to make. This visual breaks down some of the pros and cons:

Typically, a home that’s updated sells for more because buyers are often willing to pay a premium for something that’s move-in ready. That’s why you may find not as many buyers will look at your house if you sell it in its current condition. And less interest from buyers could mean fewer offers, taking longer to sell, and ultimately, a lower price. Basically, while it’s easier for you, the final sale price might be less than you’d get if you invested in repairs and upgrades.

That doesn’t mean your house won’t sell – it just means it may not sell for as much as it would in top condition.

Here’s the good news though. In today’s market, as many as 56% of buyers surveyed would be willing to buy a home that needs some work. That’s because affordability is still a challenge, and while there are more homes for sale right now, inventory is lower than the norm. So, you might find there are a few more buyers who may be willing to take on the work themselves.

How an Agent Can Help

So, how do you make sure you’re making the right decision for your move? The key is working with a pro.

A good agent will help you weigh your options by showing you what comparable homes in your area have sold for, what updates your neighbors are making, and guide you in setting a fair price no matter what you decide. That helps you anticipate what your house may sell for either way – and that can be a key factor in your final decision.

Once you’ve picked whether you will sell your house as-is or not and the asking price is set, your agent will market your house to maximize its appeal. And if you decide to sell as-is, they’ll call attention to the best features, like the location, size, and more, so it’s easy for buyers to see the potential, not just projects.

Bottom Line

Selling a home without making any repairs is possible in today’s market, but it does have some trade-offs. To make sure you’re considering all your options and making the best choice possible, let’s have a conversation.

Reach out to us here or call us: (918) 665-8559

Read our earlier post about which renovations will increase the value of your home.