Posts Tagged ‘best time’
Five Topics to Discuss With Your Real Estate Agent When Selling Your Home
Thinking of selling your home? Before you place the “For Sale” sign in front of your house, there are a few things you should consider in order to maximize your home value and make the sales process smooth and efficient. Be prepared to discuss the following subjects with your real estate agent when you’re ready to sell your home and you’ll be one step ahead in the market.
1) Best Time of Year to Put Your House on the Market
Conventional wisdom dictates that spring is the best time for selling a home. The weather is getting warmer, the school year is coming to an end, and people who have just received their tax refunds may now have extra cash to use for a down payment on a home. However, since not everyone can sell a home in the spring, here are some other seasonal factors to consider. According to annual home sale data from the National Association of Realtors, the slowest selling months of the year are typically January and February, since fewer deals are made during the holidays. In spite of this, with less competition in the marketplace, you may be able to ask for a higher price for your home, or a quicker closing. Additionally, temperate locations like Florida and California don’t see the seasonal fluctuations in the housing market, where house-hunters are almost always looking. And a late winter or early spring in the Northeast may extend the typical “selling season.” These seasonal variations, as well as a variety of local factors will all influence the housing market in your area. Be sure to talk to your real estate agent regarding the current state of the market and how it will affect the sale of your home.
2) Open House Strategy and How to De-Clutter
At an open house, first impressions count, so you’ll want to enhance your home’s perceived value. Make your home inviting by taking care of bothersome minor repairs, clean bathroom and kitchen counters and clear them of dishes and clutter. Arrange storage areas neatly and put unused items in a closet. If you have pets, consider having a neighbor watch them for the duration of the open house. It’s a good idea for you to be absent during the open house, also. If you must be present, let your agent do the talking.
Decorate your home to sell by arranging the furniture to look as spacious as possible. Add color and fragrance to any room with fresh flowers. Lastly, don’t forget the outside of your home. Put away all gardening equipment and neatly arrange outdoor items like firewood or furniture. Even take a hard look at your mailbox and make sure it reflects the value and character of your home.
3) Features to Accentuate
While you may have long determined which aspects of your home you love, having a fresh set of eyes assess its best features is a smart idea. If you’re considering selling your home, take the time to walk through it methodically with your real estate agent. Together you can point out which features of the home should be accentuated. Does your home have a wonderful view? Make the most of it by sprucing up window treatments and arranging furniture to draw the eye toward the windows. Perhaps the location of your house is truly incredible. Your real estate agent can help accentuate this feature in sales and marketing materials.
4) Desired Price and Bottom Line Price
It’s great to shoot high, but when determining your home value, it’s also important to identify your bottom line. By assessing recent home sale statistics in your area, your real estate agent can recommend an appropriate target price range. Working with your agent, you can set an initial asking price, as well as privately determine the absolute lowest price you would comfortably accept for selling your home. By crunching the numbers and setting parameters early on, you can avoid emotional rollercoasters during the process of receiving, countering and accepting offers.
5) Disclosures
When selling your home, you may be obligated to disclose problems that could affect the property’s value or desirability. In most states, it is illegal to fraudulently conceal major physical defects in your property, such as a basement that floods in heavy rains. And many states now require sellers to take a proactive role by making written disclosures on the condition of the property. Ask your real estate agent for the particular laws of your state.
The staff at Coldwell Banker Real Estate Corporation http://www.coldwellbanker.com/ writes select articles about important topics related to real estate. For more information about buying a home [http://www.coldwellbanker.com/real_estate/Buy_a_Home] or selling your current property http://www.coldwellbanker.com/real_estate/Sell_a_Home, visit ColdwellBanker.com today.
Author: Alex Fuller
Article Source: EzineArticles.com
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Fear Shouldn’t Rule Your Home Buying Decisions
As I sit here writing this we are in the end (we hope) of a recession that has made thousands, or probably tens of thousands, of people lose their homes to foreclosure. This has been a terrible situation for many people but it has also created an opportunity for anyone who decides to buy a home of their own.
A lot of people these days are too afraid to buy a home. It is easy to be running scared with all the negative news we are hearing about the housing market not just in America but worldwide. Some people will say the extra financing costs and the potential problems with getting a mortgage make it better to rent.
While other people will say they think it’s a waste to use what usually amounts to their life savings as a down payment, or to cover the costs involved with buying a home. When they can just keep on renting for no extra investment over and above their monthly rent.
It is easier to not do something than to do something, the easiest path to follow is the one you are on.
So many people who would benefit by buying their own home are staying in rented accommodation just because they are to scared to make any changes in their life.
Changes do not always have to be disruptive, some changes can have a very positive effect on your life. Buying your own home will give you a sense of belonging in your community, this is just one of the benefits of buying your own home.
Was this article helpful? If so, please head over to our main Florida Home Loan Report site for more useful information. Want to learn more about home buying? If so, then please read why now may be the best time for you to buy your first Florida home.
Author: Johnny Miller
Article Source: EzineArticles.com
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First Time Sellers – I Can’t Sell, is There Any Point Leaving My Property on the Market?
There is no doubt about it, but now is not the best time to sell! Unless you:-
1. Are looking to sell your home and trade up to a more expensive one
2. Have enough equity in your home to still make money out of your property when you sell
3. You are planning to stay in your new property for five or more years
Your choice as to whether you keep your property on the market or put it up for sale will also depend on what’s happening in your local market as media ‘headlines’ about what’s happening in the property market are often misleading.
For information about how to find out what’s happening in your local market:-
1. Put your postcode into Hometrack.
2. What is the average offer versus asking price? If it’s more than 95% you are in a good market to sell, if it’s less than 95% (and the current national average is 90%) then it’s likely you’ll have to drop the price to make it competitive.
3. Visit our ‘how to spot the bottom of the housing market’ in your area, purchase our Buying a Property eBook or Buying a Home Factsheets.
What to do if you have had your home on the market for more than three months?
No viewings!
If you have had no viewings at all, it’s likely to be because your property is priced too high OR you haven’t chosen the right agent to sell with, so aren’t getting the buyers through the door. Speak to your agent and read our Sellers Problems Articles.
No Offers!
If you have had viewings but no offers, it may be the price is too high, but it also may be that there is something putting buyers off. Properties which are on busy roads, have a pylon next to them, next to a school or pub, don’t tend to sell well in a poor market. Properties which are ‘unbalanced’ eg five bed family home with a postage stamp for a garden are also difficult to sell. Speak to your agent and read our Sellers Problems Articles.
What to do if you haven’t put your home up for sale already
1. Make sure you can achieve the sales price you need to purchase the property you want to buy.
2. Work out the type of market you are operating in and pretend to be a buyer! Read our selling a home article for more information.
3. Find three local estate agents to recommend a valuation – but make sure each has already sold a property like yours, in a similar price bracket. For example, don’t give a £500,000 home to an agent that only lists properties up to £150,000 or a terraced two up two down to an agent that concentrates on country homes.
4. Ensure you price your property competitively. If it’s worth £185,000, put it up for under £175,000 as there is no stamp duty. A property worth £220,000 is more likely to achieve its price if you market it for £199,000 as two buyers may compete, whereas you may get no viewings at £220,000.
5. Make sure there is NOTHING the buyer can object to. Make sure the property is clean and tidy throughout, no clutter, every room does what it says eg: a bedroom is a bedroom, not a junk room and no bikes in the dining room!
What else can you do?
There are other ways of selling your home, some require you to buy another one:
1. Why not consider buying a new build and if you are trading up you may be able to buy the new home while part exchanging your current home. You won’t have to pay estate agents fees if you sell in this way.
2. Sell to a property investor, but be very careful about this. There are some good guys and some very bad ones. Please note if someone offers to ‘buy and rent back the property to you’, sometimes called ‘sale and rent back’ they MUST have applied to be FSA registered by 1st July and be FSA regulated by 30th June 2010.
3. Consider swapping your home for another one – advertise in the local paper, or leaflet locally and even offer an estate agent some commission if they find someone you successfully swap with.
4. Why not ask your company/organizations you have joined/work with if you can advertise on their notice boards/on-line or in their company magazine.
5. If you are trading down to a retirement property, they may be able to organize for a trusted company to purchase your home.
I am one of the UK’s top property experts being regularly quoted in the press including the Telegraph, Independent, Times, Daily Mail and Express and have appeared on BBC2, featured on BBC Radio 4, Channel 4 and a number of local BBC Radio stations. I have been a consultant to the property sector for a number of years and renovating properties for over 20 years. I have also written a number of books, including four for Which? – Buy, Sell, Move House, Renting and Letting, Develop your Property and the Property Investment Handbook. For answers to all your property questions, contact me at Designs on Property on 0845 838 1763 or visit our website and blog using the links below:
http://www.designsonproperty.co.uk/
http://factsnotheadlines.blogspot.com/
Author: Kate Faulkner
Article Source: EzineArticles.com
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Real Estate 101 – Sell a Home Fast
In most instances, when the decision to sell the house has been finally made up, most owners want it done fast; I mean really fast! Whatever the reason is for selling, fast disposal of the house seems to be the most important thing.
Your actions and decisions related to selling of the house are influenced by your reasons of selling. You may have been pressed by the rate of your adjustable mortgage, or maybe you have gotten a job in another state or city. Times like this when the real estate market is depressed may not be the best time to sell your house. However, if it is done right, it is possible to get the right deal.
Selling in Fast Track Mode
o Set the stage for selling of the house before putting up the “For Sale” sign
You have to do the essential preliminary task of preparing the house before shifting to selling mode. This entails some low cost cosmetic jobs to add value to the property and highlight the strong points. The basic rule of the job is to project a property that is clean, tidy and well-maintained. This may involve simple tasks like cutting the grass, or repainting a dull wall panel and fixing the door hinges of your cabinet. You may also have to do garage sale to rid of the clutter which potential buyers might find annoying when inspecting your house for the first time.
o Establish the right price and sell the house fast
Determine the real value of your property and compare this with the other properties within the locality. Your price tag must reflect prevailing trends in the market. If you are in doubt about the real value of your house, it would be wise to hire a real estate appraiser to do the job for you.
o Sell The House through Effective Advertising
A common pitfall of most owners selling their homes is they fail to maximize the use of this most important tool in selling. Advertising, whether in traditional print media or on-line, is your single most effective link to your buyers. The advertisement material should be able to strike at a familiar need of your potential buyers. You must remember that effective advertising is all about giving answers for the needs of your target buyer. If your buyers do not see anything in your house that satisfies their needs, then they won’t budge to look at house even by a bit.
o Start with a Bang, Start with an open house
Make a grand announcement of the sale of the house. Invite your friends and neighbors to come and see your house by organizing a grand open house. Highlight during the activity the strong points of the property and the price at which you are selling the house. You may not know it but the word-of-mouth can be just what you need to get the good deal fast.
o Be an astute negotiator
Start off with the negotiation with a potential buyer immediately. Make the counter offer as soon as the buyer makes known his price offer. You may make some accommodation and meet in the middle ground. This may involve some non-monetary accommodations to settle issues on price variations. For instance, you may settle for a price offer a bit lower to your initial price in exchange for the buyer accepting the property without the minor repairs.
o Close the Deal
Once you agree with the terms, you have to close the deal by signing the contract. The seller should start-off immediately and finish the required documentation to finalize the transfer. The deal will only be consummated when you finally receive the net proceeds of the sale.
Learn more about the Anchorage Real Estate market or search the Anchorage Alaska Real Estate MLS on Ryan Tollefsen’s Alaska Real Estate web site.
Author: Ryan Tollefsen
Article Source: EzineArticles.com
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Five Topics to Discuss With Your Real Estate Agent When Selling Your Condo
Thinking of selling your condo? Whether you live in the condo or own it as an investment property, if you’re ready to sell your home, it’s time to talk to a qualified real estate agent in your area. By evaluating several criteria, including regional markets, time of year, features of your condo unit, as well as your specific needs as the seller, he or she can create a customized marketing plan for your condo. Here are five important topics to discuss with your real estate agent if you want to sell your home:
1) Best Time of Year to Sell Your Home
The specifics of your area do more to determine the best time to put your home on the market than whether you’re selling a condo or a house. While the conventional wisdom is that spring is the best time for selling a home, this belief simply doesn’t ring true in every locale. In recent years the historic patterns have eased, and some in some cases, totally disappeared. Still, different parts of the country have periods when sellers can be more aggressive with their pricing. And your real estate agent may suggest a distinct timing strategy for condominium sales, especially if your condo is in a resort destination.
2) Open House Strategy & How to De-Clutter
A condo that shows well will sell faster and bring a higher price. Small cosmetic touch-ups can make a big difference. Buyers often suspect that more serious problems may exist if they notice the need for minor repairs. If you want to sell your home, it’s important to make sure your condo is clean, tidy and free of personal clutter. Clear sinks and counters of dishes and toiletries. Neatly stack office supplies and organize storage areas. Replace dim light bulbs and clean windows. Even though your garden area may be commonly owned, do your best to create curb appeal by cleaning front steps and porches, and clearing lawns of toys or equipment.
3) Features to Accentuate
One of the best features to accentuate when selling a condo is the lifestyle of ease that comes with condominium ownership. Many buyers are looking for the hassle-free living experience that they can’t find with a single-family detached house. Another important attribute of any condo is the amenities of the association, which can include a hot tub, fitness center, owner’s lounge, covered parking and even concierge services. If you’re considering selling your condo, take the time to walk through it methodically with your real estate agent. Together you can point out which features of the actual condo unit should be accentuated. Does your unit have a wonderful view? Perhaps the location of your condominium is unique and desirable. Your real estate agent can help accentuate these features in sales and marketing materials.
4) Desired Price & Bottom Line Price
When setting the home price for your condo, it’s important to identify your desired price and your bottom line price. By assessing recent condo sale and listing statistics in your area, your real estate agent and a licensed appraiser can estimate your house value and recommend an appropriate target price range. Working with your agent, you can set an initial asking price, as well the absolute lowest home price you would comfortably accept. One advantage of selling a condo is that by assessing the prices of other units in your association that have recently sold or are currently listed, your real estate agent and the appraiser can determine a very accurate house value.
5) Disclosures
When selling your condo, you may be obligated to disclose problems that could affect the property’s value or desirability, as well as to disclose HOA minutes and costs of common insurance and utilities. In most states, it is illegal to fraudulently conceal major physical defects in your property, such as a water heater that leaks severely. And many states now require sellers to take a proactive role by making written disclosures on the condition of the condo unit. Ask your real estate agent for the particular laws of your state.
The staff at Coldwell Banker Real Estate Corporation http://www.coldwellbanker.com/ writes select articles about important topics related to real estate. For more information about buying a home http://www.coldwellbanker.com/real_estate/Buy_a_Home or selling your current property http://www.coldwellbanker.com/real_estate/Sell_a_Home, visit ColdwellBanker.com today.
Author: Alex Fuller
Article Source: EzineArticles.com
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Buying Tampa, FL Real Estate – Why Now is a Great Time!
Buying a home or for that matter any real estate property requires a lot of meticulous calculation regarding various aspects. One of the most important questions in this respect is whether it is the right time to buy. Several homebuyers and real estate investors will surely want to search a definite answer for this question.
Well, there is no set answer for this question. Some say that the winter holiday season is the best time to buy. Since there are fewer buyers there is a greater possibility of finding a home at a desired price. On the other hand, large number of buyers prefer to buy during the mid summer season because many believe that buying activity during this period generally slows down, there by reducing competition. Another important aspect is the interest rate. Many believe that it’s the right time to buy when the interest rate is low, because it’s easier for buyers to qualify of mortgages
It’s thus seen that various factors influences the decision on whether it’s the right time to buy. However, taking into account the current condition of Tampa real estate, buyers must certainly be thinking whether it’s the right to buy a home in this area. Well, the answer is yes it’s certainly a good time to buy in the Tampa area. This is because at present the market conditions are such that it’s a buyer’s market and large amount of new and used homes are available for sale. Prices of the homes have significantly fallen. Moreover the rising number of foreclosures has also increased the number of sellers and sellers are willing to negotiate by giving buyers an added advantage.
Today in the Tampa real estate market many buyers are concerned whether they should buy property right now or wait till prices fall still further. Buyers should not wait any further. This is because NAR (National Association of Realtors) has predicted that prices in Tampa area will start rising somewhere around the third quarter of 2007, and the rise in price certainly won’t be beneficial for buyers. Moreover, there’s no point waiting for the already low interest rate to fall down further. Besides, currently the Tampa real estate market has slowed down and buyers must take advantage of this situation.
There are varied opinions as to when is the right time to buy, but in context of Tampa real estate, it can certainly be said that this is the right time to buy. However, it’s always a good time to buy a home if you buy the right home, at the right price, in the right location. For finding out whether it’s the right time to buy you must take time to understand the local market.
If you would like to know more about the current conditions of the Tampa real estate market or have questions about whether now is the right time to buy property in Tampa, you can log on to our website www.tampa2enjoy.com
Lance Mohr is a full time, full service licensed broker associate with Keller Williams Realty. He has many years of experience helping families buy and sell Tampa Real Estate Please feel free to copy any of his articles as long as you credit the author and retain the link to his website above. Don’t forget to add our Tampa Real Estate Blog to your favorites section of your browser.
Author: Lance Mohr
Article Source: EzineArticles.com
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