My New Blog

Not every buyer will want to put hours of labor into their home before placing it on the market. This can be a challenge for the real estate professionals who are tasked with selling it since every seller wants to gain top dollar, but without making the necessary changes that buyers expect.

Work with what you have. Keep in mind, you are not attempting to hide or make the imperfections look perfect to the buyer. Instead, positioning it as an easy DIY project can attract the homeowners that do not mind a project in return for a little hard work. And, depending on the amount of work that is required, it may also be a great property to market to flippers.

Manage the easy tasks. You can take some of the burden off of the buyer by managing the easier tasks. Cleaning up debris and leaves on the outside of the house and hiring someone to put a fresh coat of paint on the walls can make the task seem less daunting. Consider the resale value of each project and what it is worth to the overall cost of the house.
Posted in:Home Sales
Posted by Roger Downward, Principal Broker on April 23rd, 2019 5:15 PM
Existing home sales shot up 11.8% in February, heading back up over 5 million, all the way to 5.510 million annual rate.  This gain wipes out nearly a year of steady decline.

Also, the rate of increase in median home prices slowed to a mild 3.6% increase for the month.  So, wages are now growing nearly as fast as home prices, which, along with lowering mortgage rates, boosts affordability.

That might be why the National Association of Realtors HOME survey report says more folks say now is a good time to buy.- 37%, up from 34% in Q4 2018.  Mortgage applications, in fact were up for the week versus a year ago.

So, if you have been sitting on the fence - either as a buyer or seller, NOW WOULD BE A GOOD TIME TO ACT! 
Posted in:Home Sales and tagged: ResaleHomeSalesSpike
Posted by Roger Downward, Principal Broker on March 25th, 2019 10:21 AM


My Favorite Blogs:

Sites That Link to This Blog: