Home Sellers Archives - Page 5 of 9

December 1, 2021June 19, 2024

Buying or Selling in 2022? Look for an Agent with These 10 Qualities

Key Takeaways:

In today’s hot market, it’s more important than ever to choose the right agent to help you buy or sell a home.
Real estate agents don’t just offer local expertise—their insider knowledge and marketing prowess come in handy, too.
Thinking about making a move in the new year? Contact us to start planning now!

Here Are the Top 10 Qualities Every Successful Real Estate Agent Should Have

Did you know that 75% of buyers and sellers work with the first agent they meet? It’s true—but that doesn’t mean it’s the best decision. If you want to come out on top in today’s competitive market, experts often recommend interviewing a few candidates before settling on the right real estate professional for the job. And if you’re not sure where to start, we’ve outlined 10 qualities of a highly successful agent.

They keep up with the latest sold data

Whether you’re buying or selling a home, you’ll want to keep up with the latest sold data for your neighborhood of choice. Sold data reports consist of homes that recently sold in your area, as well as their final prices. Not only do these numbers help sellers determine an accurate list price, but they can also be used by buyers to gauge an area’s affordability. A top-notch agent should be willing to provide you with up-to-date data every step of the way.

They know what’s happening in the real estate market

It’s hard to know what the real estate market will look like next year. But with careful forecasting, a local agent should be able to provide some valuable insight. Agents can educate buyers and sellers on everything from price fluctuations to mortgage rates—just make sure they’re using accurate data to back up their predictions.

They’re social media savvy

Nowadays, home-buying and selling primarily happens on the internet. According to recent research, over 95% of buyers start searching for properties online, which makes it imperative that agents maintain an active presence on their social platforms. Be sure to ask your agent about the virtual tools they offer buyers and sellers, such as access to the MLS, social media promotion, and paid advertising. Bonus points if they have their own website, too!

They have a network of contacts

When it comes to buying or selling a home, it truly takes a village. A well-connected agent can refer you to their network of local contacts, such as plumbers, landscapers, lawyers, and so much more. You’ll rest easy knowing that you can trust their recommendations for local service providers!

Their referrals are positive

If an agent provides legendary customer service, their past clients are more than willing to leave positive feedback—or even refer them to their loved ones! Ask your potential agent about their reviews, or take a look online to see what previous buyers and sellers have to say about working with them.

They’re punctual

This one should be a given! The current real estate market moves faster than ever before, which makes punctuality an even more important quality than usual. If your agent is on-time (or early!) to your appointments, you’ll know they’re treating you like a priority.

It’s easy to get in touch

Scheduling an appointment with a real estate agent

Keeping in touch is key when it comes to real estate, so you’ll want to share the same method of communication as your agent. Tell your agent from the beginning whether you prefer to text, email, or talk on the phone. Not responding in a timely manner is a big red flag.

They’re shrewd negotiators

Buyers and sellers alike should look for an agent with top-notch negotiation skills to get them the best possible price. And if you want to evaluate a real estate agent’s prowess, just ask yourself this question: how well did they negotiate with you to win your business?

They’ve built their own brand

Buyers getting the keys to their new home

Real estate agents don’t just help you buy or sell a home—they need to be expert marketers on both sides of the transaction. Solid branding can help agents rise to the top of the competition and build a reputation that people rely on, trust, and recognize. Exploring an agent’s social media and website can give you a good idea of their personal branding strategies.

You get along with them

When you’re trusting someone with one of your biggest investments, it’s crucial to get along on both a professional and personal level. If you can’t have difficult conversations with your agent—or if you don’t get along with them—consider going with another candidate. Personality can sometimes trump experience!

Find the Right Agent for Your Move

Ready to start planning your 2022 move? Now is the time to find the perfect agent for the job! Contact us today to learn more about what we bring to the table, or explore our other resources to get a head start on buying or selling. We’re always here to offer superior service throughout every step of the transaction!

November 15, 2021June 19, 2024

From Boomers to Zoomers: Home-Buying Tips for Every Generation

Key Takeaways:

Buyers throughout all walks of life are wondering how to navigate today’s competitive housing market.
Whether you’re a Gen Z first-time buyer or a Baby Boomer looking to downsize, you should consider making a move to lock in your real estate goals.
Have questions about buying or selling? Contact us for personalized advice!

What Every Generation Should Know About Buying a Home

As older members of Gen Z reach home-buying age and Millennials make up the largest share of the housing market, buyers from every generation are wondering if now is the right time to make a move. Buying a home at any stage in life comes with its own unique challenges, so it’s crucial to consider your future and factor finances into your decision.

Looking for advice? We’re here to offer some savvy real estate tips for every generation, from Gen Z to Baby Boomers.

Gen Z: The New Buyers on the Block

If you’re part of Generation Z, you were probably born after 1997—and the oldest “Zoomers” are just now buying their first homes at 24 and 25. Even though most members of Gen Z aren’t quite ready to tackle homeownership, this socially conscious and highly educated generation is setting goals for themselves when it comes to real estate.

According to a new survey by Homes.com, over 85% of Gen Z plans to buy a home before turning 35. So if you’re a Zoomer, now is the perfect time to begin saving and paying off any debt. Start researching the home-buying process, learning about different loan options, and setting aside as much extra cash as possible to build up your down payment (spoiler alert: it doesn’t have to be the traditional 20%). And if you have any questions, don’t hesitate to speak with an agent…it’s okay if you aren’t quite ready to buy!

Millennials: The Market Trendsetters

Millennials—known for their love of pets and avocado toast—comprise a whopping 37% of today’s total home-buyers. And after witnessing the 2008 market crash, a pandemic, and now record-low interest rates, they’re finally ready to buy.

Compared to other generations, Millennials waited longer to buy their first homes. This surprising shift can be attributed to rising student debt, the Great Recession, as well as a dip in marriage and fertility rates. However, if you’re one of the many Millennials looking to ditch renting and start build equity, it’s worth doing a deep dive on mortgages before beginning your search. Even if you don’t have a traditional 20% down payment saved up, you could take advantage of government backed loans or assistance programs. Remember—knowing exactly what you can afford and getting pre-approved will up your chances of securing your perfect place.

Millennials aren’t just first-time buyers, either—many have also stepped into the role of first-time sellers. If you’re selling a home without much experience, it’s more important than ever to work with the right agent. Don’t be afraid to shop around and interview a few candidates before settling on “the one!”

Gen X: Making a Comeback

Gen X—classified as anyone born between 1965 and 1979—makes up around a quarter of today’s total buyers. And while they may not have the same momentum as Millennials, members of Gen X typically aren’t buying their first homes. In fact, many are looking to upgrade and purchase a home at a higher price point than any other generation.

Per a new survey by the National Association of Realtors, Gen X is the highest earning generation, and they tend to buy larger and more expensive homes to accommodate growing households. If you’re one of the many Gen Xers eager to upsize—perhaps even into a multigenerational home—you’ll want to take advantage of the equity you have in your current place. The right agent will be able to help you sell for top dollar and find a new house that checks all your boxes!

Baby Boomers: Downsizing…and Investing!

Baby Boomers born between 1946 and 1964 now face the reality of retiring and downsizing. This exciting season of life can come with a few challenges, as well as some unexpected opportunities! If you’re one of the many Boomers considering a move to a smaller home, it’s crucial to examine the equity you have in your current property. The average Baby Boomer has stayed in the same home for around 15 years—and in that timeframe, home values have risen by 50% or far more depending on your area.

So, what should you do with all that extra money once you downsize to a more manageable house? Consider paying all cash for your new place, especially if you want sellers to notice (and accept!) your offer. And as you adjust to retirement, using that leftover equity to purchase an investment property could be an easy way to generate extra income.

Take Advantage of Today’s Once-in-a-Generation Market

No matter where you are in the home-buying process, it pays to work with the right agent. We’d love to help you achieve your buying and selling goals, or just answer any questions you have about today’s hot real estate market. Home prices are on the rise, mortgage rates remain low, and there’s never been a better time to make a move!

October 1, 2021June 19, 2024

Are Renovations Worth Risking Your Top-Dollar Home Sale?

Key Takeaways:

As a seller, you have to consider which home renovations are worth spending the additional time and money on before you list.
The local market is starting to shift towards buyers, so now is the time to sell your home before prices flatten out.
Lean on our expertise to determine which projects will increase your return on investment—we have the seller resources you need to enhance your home sale.

Does Your Home’s Right Buyer Want a Move-in Ready Home?

Many sellers are wondering whether they should sell their homes as-is (without any improvements) or delay listing their properties to complete some renovations. With the upcoming market shift, it’s important for sellers to consider which improvements are worth spending additional time on before listing. And while there is no surefire answer, we always recommend relying on your listing agent’s expertise to navigate the home-selling process.

Your listing agent should have insight into the right buyers for your particular home, so consult with them to ensure your property is catering to its target market. According to Rocket Mortgage, the average price of a move-in ready property is $250,495, compared to the discounted $199,819 price tag of the average fixer-upper. So if you’re a homeowner wondering if renovations will attract more buyers, the answer is that it really depends on how much time and effort you want to put in. And while we can’t predict what every buyer’s preference will be, we do have some strategies to determine if certain projects are worth the selling delay.

Return on investment should be top of mind

When it comes to selling homes, we always have the same top priority—earning you top dollar. Selling your home for the best possible price should be your ultimate goal; so you have to ask yourself how you’re going to accomplish that. When in doubt, here are two things to consider: which improvements will be worth the additional costs, and which projects will gain the greatest return on your investment.

To put it plainly, some renovations simply aren’t worth the additional costs. You have to be strategic when deciding which renovations to make—and on the flip side, you also have to consider what buyers want. For instance, a home’s kitchen is always a huge selling point, so that may be a good place to implement some changes.

Minimal upgrades may be the way to go

As a seller, you have to consider both your budget and timeline before you list. If you want to sell your home quickly, then you probably shouldn’t tackle a full-fledged kitchen remodel. However, if you’re determined to earn an extra dime by doing a long list of renovations, then you just have to be okay with the selling delay.

Throughout our years of successful home sales, we’ve noticed a common theme: minor upgrades have huge earning potential. Completing a few short-term projects, such as painting interior walls or sprucing up your landscaping, won’t take long. However, they’ll certainly amp up your home’s appearance. Plus, a few tweaks here and there—replacing door knobs, updating light fixtures, or fixing leaky faucets—will take your home from a work in progress to a move-in ready masterpiece.

Sell now before the market shifts

You may be wondering, what’s the big rush? Well, real estate experts are predicting a market shift—so by waiting to sell your home, you could lose out on thousands of dollars of equity. Increased housing inventory and slower price appreciation are just two indicators of the upcoming shift. As new inventory begins to increase, now is the time to list your home before prices level out.

Put Success on Your Side

In today’s shifting market, you have to move quickly towards what you want. If you’re unsure of what steps to take next, our team is prepared to walk you through the home-selling process—and we’re here to ensure you receive the highest return on your investment. Contact us to learn more about listing your home, or you can always come to us with any selling questions!

September 15, 2021June 19, 2024

How to Choose a Seasoned Agent for Your Home Sale

Key Takeaways:

Selling your home is a chance to maximize your equity, so you owe it to yourself to find the perfect listing agent.
Searching for a listing agent is just as important as your home search, so make sure to meet with at least three candidates before making a decision.
We’re telling you the must-ask questions to track down a listing agent—and now, you can put our team to the test when you list your home with us!

Home Sellers, Don’t Settle For Second Best

Many sellers are under the impression that any listing agent can sell their home instantly for the best possible price—but that’s simply not the case. Did you know that 77% of home sellers only contact one agent before listing their home? When it comes to trusting someone with your biggest investment, it’s crucial to do plenty of research to find the right fit. And you should never settle for second, which is why we recommend meeting with at least three agents before making your decision. We’ve outlined some must-ask questions to help you track down the perfect listing agent!

What’s your marketing plan?

The best way to sell your home is to expose it to as many prospective buyers as possible, which requires a strategic marketing plan. Ask potential agents about their specific marketing tactics, and you can even have them provide examples from past clients. Just listing your home online and scheduling an open house shouldn’t be the extent of an agent’s marketing plan. As agents who have crafted masterful marketing plans ourselves, we have the data to target your home’s most likely buyers—and even more importantly, we know exactly how to reach them.

How long have you been working in real estate in my area?

Almost every agent can boast “decades of combined experience” when it comes to their team’s time working in the real estate industry—but what about selling homes in your specific area? Real estate isn’t the same everywhere, which is why you should choose an agent who is local to your area. This way, you can be confident knowing that your home will be competitively listed in comparison to other properties in the area. And if your agent happens to also work with buyers in the area, then they may be able to direct them to your listing!

How many active clients do you work with at one time?

One of the most important things to analyze about your potential agent is their availability. When asking about an agent’s active clients, you want their answer to fall within a sweet spot range—not having many clients can be a red flag, while trying to sell too many properties at once may mean they can’t provide the personalized experience that you deserve. Working with around 10 to 15 clients at once is pretty standard and should still allow for plenty of one-on-one time between you and your potential agent.

Tell me more about your pricing strategies

As a seller, you want to choose an agent who can deliver a top-dollar home sale. A seasoned agent can determine the value of your home in a snap—during your first meeting, go ahead and give them details about your property and ask them for a competitive list price. By doing this, you’ll be able to gauge the agent’s pricing expertise on the spot and ensure they give you a realistic amount. A qualified agent will take into consideration other recently sold homes in the area and ask about any renovations you’ve completed.

And finally…what’s your specialty?

While many listing agents have ample experience across the board, many also specialize in certain types of real estate. Whether it be new construction or luxury properties, it’s crucial to see whether an agent’s specific skill set aligns with the features of your home. And don’t be shy about requesting a sold portfolio—this way, you can see if any of the agent’s sold listings are similar to your property.

Use Our Local Expertise—List Your Home With Us

When it comes to selling your home, choosing the right agent matters more than you think. If you want to work with professionals who know the local market better than anyone else, then you should contact one of our listing agents. We have a wealth of cutting-edge seller resources, in addition to our unparalleled passion for earning our clients top dollar on their home sales. We’ve clued you in on all the tough questions to ask, and we’re more than ready to share our expertise with you!

August 15, 2021June 19, 2024

Here’s How Shopping Small Can Earn You Big Profits

Key Takeaways:

When it comes to selling your home, supporting local businesses is one of the most profitable decisions you can make.
Local businesses love to give back to their communities, which can increase your home’s value over time.
We’ve worked with the most reputable businesses around—contact us today, and we’ll pass along our professional recommendations!

Use Local Businesses as Your Home-Selling Sidekicks

When it comes to selling your home, supporting local businesses can be one of the most profitable decisions you make. Instead of calling upon big-name chains, you can utilize homegrown service providers to save money and make sure the job gets done right. Investing in local businesses has been proven to increase a community’s real estate values—besides, there’s no better return on your investment than a genuine “thank you” from a neighbor!

For every $100 spent at small businesses, this much stays in the community…

Small businesses tend to reinvest in their local economies more than chains do, which is great news for homeowners and potential sellers. Plus, small business owners typically work, play, and live in the same communities as their storefronts—so they care more about seeing their hometowns thrive.

The Business Alliance for Local Living Economies found that communities with successful small businesses see property values increase by 50 percent on average. And with home prices appreciating, neighborhoods can benefit from attracting new business investments to spark economic growth. According to research done by The Alliance, $68 stays in the community for every $100 spent at local businesses.

Shopping small provides hyper-local services

Think of shopping local like a community-wide networking event—you strengthen your connections by spreading the word about your positive experiences at businesses in the area. And if you want to know the best providers around, you can just ask your real estate agent. Your local agent doubles as your go-to reference for the most reputable nearby businesses.

Selling your home is a hyper-local experience, one in which you can benefit from partnering with the most convenient local business of them all: your real estate agent. As a small business ourselves, we understand the importance of supporting local and giving back to the community, which is why we only recommend our best business partners to our clients.

Here’s why hiring local service providers is the strategic choice

When you decide to list your property, there’s most likely going to be some projects that need to be completed—things like renovations and repairs, staging for showings, and general maintenance should all be at the top of your to-do list. Hiring homegrown service providers is the strategic choice when it comes to selling your home. Not only will you be guaranteed great service, but you may even receive discounted rates. When real estate agents repeatedly refer their clients to local businesses, companies sometimes provide lower rates in return.

Invest in small businesses to increase your home value

Wondering which local businesses you should take advantage of when listing your home? Hire a landscaper to spruce up your curb appeal, use a local painter to incorporate a more neutral color palette, or contact a local handyman for repairs. Want to get the inside of your home showing-ready? Your agent can recommend a top-notch florist for a bouquet of local blooms. That’s the thing about shopping small—the owners have local expertise and will go the extra mile to make sure their clients are happy!

Want to Increase Your Home Value?

It’s simple—when you invest in local businesses, those companies turn back around and invest in your community, which increases your home value! It’s hard to fully understand the positive impact of shopping local, but it becomes easier when you see your property value rise over time.

We’ve worked with the best businesses in our community, and we know they would love to play a part in your real estate dreams. Just tell us what services you need, and we’ll send our professional recommendations your way!

June 15, 2021June 19, 2024

Reap the Benefits of Your Realtor Even After You’ve Moved

Key Takeaways:

Our real estate expertise goes far beyond just buying or selling your home—you can rely on us for quality resources before and after you’ve moved.
Whether you’re searching for the best local handyman, a notary, or something else entirely, you can trust our vetted providers to get the job done.
If you ever need a real estate recommendation—today or years down the road—just give us a call for personalized advice!

Unlock Our Exclusive Real Estate Recommendations

We like to consider ourselves real estate experts, and we love being able to share our knowledge with you! Throughout our years of working in the housing market, we’ve formed deep relationships with not only our clients, but with local trusted businesses, too. We’ve vetted these vendors ourselves so that you don’t have to play the costly game of trial and error.

Need some personalized recommendations or strategic advice? Here’s how your agent can serve you even after you’ve moved.

Sellers, we don’t stop at “SOLD”

When we say we’re by your side every step of the way, we mean it—which means our services never stop at “SOLD!” Whether we’ve just listed your home or already sold it, we know there’s always more work to be done. Seemingly small details go a long way in making a house a home. We’ve worked with the best professional landscapers, painters, and cleaners in the area—all contacts you need to put the finishing touches on your space.

We consider our clients to be one of our own, which means our exclusive buying and selling resources are always available to you. At any time, you can see if your home value has increased using our free estimator or jumpstart the buying process after you sell with our advanced search tool. Our real estate professionals have gained invaluable experience in working with our clients, so we try to return the favor whenever possible by providing in-depth insight.

New homeowners, you’re not done with us yet

We loved helping you find your dream home so much that we want to keep working with you—and honestly, we think we’re going to need each other! Homeownership is a huge investment, so you want your new place to be in tip-top shape at all times.

First things first, it’s important to change your locks when you move into your home, since you don’t know who might have a copy of your keys. Don’t know of a local locksmith? Don’t worry, we’ll open some doors for you! Don’t let a household repair linger just because you don’t know a trusted provider who can get the job done. Whether you’re looking for a handyman to lend a helping hand on a home project or need repairs for your HVAC, you can count on our personalized recommendations for the most reliable providers in the area!

And for when you’ve been watching (maybe too much) HGTV…

We get it, watching Fixer Upper makes you want to DIY your entire home, especially if you’re thinking about listing soon or just moved in. But for when you’re not in the mood to do it all yourself, we’ve got contacts for everything from new light fixtures to full-on home renovations. Our desire for you to live in your dream home doesn’t stop when you sign the closing documents, and we will always be available to help with any home improvements.

Want Access to Our Preferred Vendors?

Working with a top-notch real estate agent means you’ve gained a partner for life. So when anything comes up in your buying, selling, or homeownership journey, just give us a call!

Whether you’re at the beginning of the selling process or have already bought your dream home, you can always rely on us to connect you with the area’s best vendors. Contact us today for any recommendations you may need—and don’t forget, we’re locals too, and we love to catch up with our clients!

May 15, 2021June 19, 2024

What Every Seller Should Know About Home Inspections

Key Takeaways:

Even in today’s hot market, it’s not uncommon for buyers to request an inspection before purchasing a home.
Believe it or not, there are a few steps you can take as a seller to prepare for your home’s big assessment.
If you’re ready to list and sell in no time at all, contact us to get the ball rolling!

4 Tips to Help Sellers Ace a Home Inspection

Home inspections—almost every buyer wants one, and they’re often a necessary part of the selling process. Even in 2021’s competitive market, it’s not uncommon to see an inspection contingency attached to an offer, and many sellers have a few questions about what exactly they entail.

Want to learn the secret to acing your inspection as a seller? Here are a few tips that can help you prepare for your home’s big close-up.

Get a pre-listing inspection

Even if your home seems move-in ready, it might still have a few issues you don’t know about. This is why many agents recommend getting a pre-listing inspection to uncover any problems ahead of time. It might cost a bit out of pocket, but it will help you know exactly what you need to fix before your home hits the market. Pre-listing inspections also prevent any surprises down the line and give you more control over the sale.

After your inspection, you can choose to repair any problems or simply let buyers know about them. If you have any questions about what should or shouldn’t be updated, just ask your agent for advice.

Don’t conceal any known problems

Most states require sellers to disclose a home’s known defects, even after they’ve been repaired. While it may be tempting to conceal these issues, doing so can come with serious legal ramifications.

For example, if your home has known water leaks or you’ve made major structural repairs, you’ll likely be required to communicate them to potential buyers. Home inspectors will take your disclosures into account during their analysis, so it’s important to be as truthful as possible. Luckily, your agent can serve as a helpful resource for understanding necessary disclosures!

Do a little prep work

Preparing for a buyer’s inspection shouldn’t involve expensive repairs. If your home is already clean and properly staged, there’s actually not a lot you have to worry about. However, there are a few steps you can take to get your space ready for inspection day.

Start by gathering all documents relating to your home—that includes proof of services and receipts from big-ticket purchases (like HVAC systems or appliances). You should also replace your air filters, check your light bulbs, eliminate clutter, and do a quick once-over of your home to make sure everything is in working order.

Know how to negotiate

Real estate agent helping sellers negotiate after an inspection

During an inspection, a qualified professional will spend a few hours examining your home from top to bottom. Generally, they’ll check major components, such as your roof, electrical wiring, plumbing, the foundation, HVAC systems, and all major appliances. It’s normal for an inspector to uncover a few issues—but after the inspection, the ball is back in your court.

In most circumstances, a buyer will request repairs or credits once they review the inspection report. But in today’s seller-driven market, some buyers only conduct an inspection for informational purposes. If you have any questions about post-inspection negotiations, it’s best to defer to your agent. They have the expertise you need to secure the best possible deal.

Looking for More Selling Tips?

Whether you’re eager to list or just have a few questions about selling, you can always give us a call for personalized real estate advice. We’re here to help you navigate every step of the home-selling process, and we can even tell you how much your home is worth in 2021’s crazy market.

Ready to get started? Drop us a line—we look forward to teaming up with you!

May 1, 2021June 19, 2024

5 Questions Sellers Keep Asking About 2021’s Hot Real Estate Market

Key Takeaways:

Today’s real estate market is heavily skewed towards sellers, making now the perfect time to list your home.
Many would-be sellers have questions about moving when the market is this hot—and we have the answers you need to get started.
If you’re considering selling your home soon, it’s crucial to work with a top local agent. Give us a call to see what we bring to the table!

The Top 5 Questions Every Seller Asks in Today’s Market

Whether you’re eager to list or are just thinking about selling, you’ve probably heard that the 2021 real estate market is one for the record books. Since last year’s swift economic recovery, home values just keep getting higher, and it’s not uncommon for listings to sell over asking price in just a few days. And according to the National Association of Realtors, the typical home is now selling for 14.1% more than last year.

Have a few reservations about listing your home right now? Here are the answers to some of the most common questions we hear from our sellers.

Should I even consider selling right now?

To put it simply: yes! There’s never been a better time to sell, especially if you’ve built up equity by living in the same home for a while. Since the beginning of the pandemic, we’ve seen a national housing shortage, record-low interest rates, and a surge of serious buyers. This has driven prices to all-time highs, and many buyers are even waiving contingencies or paying extra for the right home.

Looking for another reason to move? A recent survey by NerdWallet found that one in six homeowners plan to list their home in the next 18 months. So if you want to take advantage of today’s crazy market and beat out the competition, you shouldn’t wait much longer.

Will I be able to buy a new home after I sell?

A majority of homeowners aren’t worried about selling their home—they’re actually more concerned with buying a new one. If your home sells quicker than you expect, you still have options. You may be able to request “use and occupancy” or “rent-back” contingencies from your buyer, which allow you to live in your current home until you find a new one. It’s also worth asking your buyer if they’re willing to be flexible with the closing date. Depending on your situation, it might even be more advantageous to buy before you sell.

Do I need to work with an agent if the market is so hot?

Many homeowners believe they can make an even bigger profit by not using an agent, particularly in a seller’s market. While you may save some money on commission, you could end up selling your home for below its true market value. And let’s be honest—nobody has time to sort through dozens of offers or handle all the complicated paperwork that comes with selling a home!

If you want to price your home right and ensure a stress-free selling experience, it’s worth paying for an agent.

Should I still stage my home or make improvements?

Unless your home is in dire need of an update, there’s no need to make any major changes before you list. However, it’s still a good idea to do a little staging to get your space looking its best. Start by tidying up, getting rid of clutter, and depersonalizing as much as possible.

If you’re trying to sell a fixer-upper and don’t want to complete any repairs, consider listing “as-is.” This tells potential buyers that you won’t be making any changes—what they see is what they get.

What’s my home worth in today’s market?

Tempted to use an online estimator to see how much your home is worth? Before you type in your address, consider reaching out to a local real estate agent instead. The real estate market in our area changes day by day, and an agent will have up-to-date data that’s more accurate than any algorithm.

If you’ve lived in your house for at least a few years, your property has probably increased in value more than you’d expect. Get in touch with us today for a complimentary valuation, or give us a call for more personalized advice!

Sell Your Home with Confidence

Selling your home shouldn’t be a stressful experience. If you have even more questions about today’s market, just drop us a line—we’re here to make the entire process hassle-free!

Curious about your home’s value? Send over your address, and we’ll conduct a free, no-obligation home value estimate.

April 1, 2021June 19, 2024

What Makes Today’s Real Estate Market So Competitive?

Key Takeaways

This year’s housing market is shaping up to be the most competitive on record, but the pandemic isn’t the only thing influencing the national real estate boom.

There are actually quite a few factors contributing to today’s hot market, including unfettered buyer demand, historically low supply, and steady interest rates.

Have questions about buying a home in 2021? Get in touch with us for even more personalized advice.

3 Factors That Make 2021’s Real Estate Market More Competitive Than Ever

If you’re planning a move, you might be wondering how the real estate market will change this year—and the predictions are pretty eye-opening. Existing home sales are expected to increase by 9%, home prices could rise by a whopping 8%, and mortgage rates should stay well below 4% for the foreseeable future.

For buyers, this means you may have to work harder than usual to find the perfect place. However, this extra effort will pay off if you have a home to sell or want to take advantage of extraordinarily low interest rates.

Need help making sense of today’s market? Here are a few reasons why real estate is more competitive than ever in 2021.

The ongoing pandemic

A year ago, real estate experts had no idea how the COVID-19 pandemic would impact the housing market. While many predicted a crash akin to what we saw in 2008, we actually saw the opposite: a pandemic housing boom.

During last year’s lockdowns, many renters and homeowners grew unhappy with their living situations and wanted a change. This caused demand for homes to spike—and as panicked sellers pulled their listings, prices rose higher and higher.

The pandemic might slowly be coming to an end, but we’re still seeing remnants of 2020 in today’s market. And while more sellers are finally warming up to the idea of listing again, available housing supply is still at its lowest point ever.

Record-low interest rates

In late March, interest rates for 15- and 30-year mortgages hovered around 2.5% and 3.3%, respectively. Although these numbers aren’t quite as low as they were in 2020, buyers can still score a once-in-a-lifetime deal by moving now.

To put things into perspective, let’s say you’re thinking about buying a $300,000 house with a 20% down payment. Back when rates were nearing 4%, you could expect to pay around $1,200 per month for your mortgage. However, if you were to buy that same home with a 3% interest rate, your payment would drop to just $1,012—and that difference can save you tens of thousands of dollars over time.

Low inventory & unprecedented buyer demand

Real estate is all about supply and demand. And in today’s competitive market, an inventory shortage and swelling buyer demand have created perfect conditions for sellers. In particularly popular areas, it’s not uncommon for homes to sell just days after they’re listed, sometimes in bidding wars that go above the original asking price.

If you’re thinking about buying a home soon, be prepared to act fast. Many agents recommend getting pre-approved, limiting your contingencies, or even setting an escalation clause to automatically outbid other buyers.

Bottom Line: Now Is the Time to Move

Navigating 2021’s one-of-a-kind real estate market may seem like a daunting task, but the right agent will help you through every step of the process. Today’s buyers can capitalize on shockingly low interest rates, while sellers stand to make an impressive profit should they decide to list soon. And if you ever have any questions, we’re always here to help!

Buying or Selling Soon? Let’s Talk!

Don’t let the market keep you from making a move. If you’re ready to achieve real estate success in no time at all, drop us a line to get started. We’d love to offer you one-on-one buying or selling advice that’s tailored to your unique needs.

March 15, 2021June 19, 2024

Exposing the 4 Factors Agents Use to Price Your Home Right

Key Takeaways:

Before you list your home, it’s crucial to understand how much a buyer would be willing to pay for it.
Your agent will use a variety of factors to determine a competitive list price—and some of them might be a little unexpected.
If you’re looking for a fast and accurate way to price your home, we’re here to help. Contact us today for a complimentary estimate!

4 Surprising Factors That Go Into Pricing a Home

Pricing your home to sell quickly—even in today’s hot real estate market—is all about balance. You want to price low enough to attract potential buyers, but high enough to profit from your equity. And while it may be tempting to use automatic estimators, it’s best to leave the number-crunching to your agent.

Need help determining the perfect price? Here are a few factors your agent will take into consideration when valuing your home.

Your home’s size and condition

This may seem like a given, but a home’s size, condition, and features play a huge role in how much it’s worth. Before you list, your agent will perform a walkthrough of your home to thoroughly evaluate its saleability. If your space is move-in ready and well-maintained, you’ll have more luck setting a higher asking price.

Many sellers are under the impression that big-ticket upgrades will drastically increase their home’s value, but this isn’t always the case. Before you make a significant change, ask your agent for their professional opinion. Believe it or not, smaller touches (like updating hardware or repainting) can have a better return on investment than a full-scale renovation.

Location

Real estate is all about location, and there are a few general factors that tend to boost property values. Typically, agents will price a home based on local schools, nearby employment opportunities, and proximity to amenities. Houses in more desirable neighborhoods or communities also tend to command a higher list price.

Above all, most buyers are looking for homes that offer the perfect blend of privacy and convenience. Being close to (but not right next to!) highways or public transportation is another huge plus.

Other recently sold homes

One of the best indicators of your home’s value is the sale price of other listings in your neighborhood. Your real estate agent should conduct a comparative market analysis—abbreviated as CMA—to see how your home stacks up against the competition. By looking at recently sold homes that are similar to yours, they can calculate a fair and accurate price.

After your agent has assessed your home, they’ll likely send you a CMA report that contains their projected price, along with data from other comparable homes. A great agent will also be available to answer any questions, too!

Current market trends

Even if your home is in perfect condition, in the best location, and boasts quite a few upgrades, the current state of the market can have a huge impact on its overall value. And in today’s seller-driven market, homes are now worth more than ever before.

Just last year, home prices surged by 15%. To put those numbers into perspective, that’s a $45,000 increase for a $300,000 home. If you want to take advantage of these unbelievable conditions, now is the time to list—and we’d love to help!

Get Your Updated Home Value

Whether you’re just curious or are ready to sell, you can trust our team to calculate your home’s true market value. Request a free home valuation today, or reach out to us to learn more about 2021’s hot real estate market. There’s never been a better time to list!