If you’re thinking of buying or selling a home in 2018, you should know what to expect the housing markets will look like next spring.
Not long ago, before the housing boom and bust, forecasting housing markets was a relatively easy matter for most economists. Real estate prices were a matter of supply and demand. As supplies increase, prices decline. As demand increases, prices rise. Mortgage interest rates, income levels and demographic factors all impact housing demand, and economists can forecast it. Lately, that formula hasn’t worked very well. The healthier economy is providing better incomes, and millennials are ready to buy their first homes. Mortgage [...]
When your home goes on the market, it could be exposed to more than just potential buyers. Your home could be the target of scams, theft, insurance claims, and other issues, especially if you and your realtor are planning to hold a large open house. Taking certain precautions with your valuables and your home can protect you and your family from these common threats and ensure your selling experience goes as smoothly as possible.Theft
Homes on the market are common targets for petty theft. If you’ve got valuables in your home, you’re putting yourself at risk, especially if you’re planning on holding an open house or two. Even common targets for theft can [...]
Not so long ago, selling a house during the holidays was to be avoided at all costs. Who wants to look at houses when everyone is busy with parties and family? Buyers and sellers were advised to wait until spring. With the advent of online listings, home sales have become less seasonal; buyers can narrow their choices quickly. In December 2016, sales fell only 1.8 percent from November, and sales would have been better if more homes were on the market. However, many of the homes that sold that month had been lingering on the market longer than homes sold in November. Sellers whose listings were aging were eager to close before the end of the year.
December is a reality check [...]
Most of us love food. We can all appreciate fresh produce, a homemade bake and the tools we use to prepare a family feast. Food gives a house a lived-in feeling, which can be a powerful staging element when your house in on the market. It’s important that prospective buyers can envision themselves living in your house and making it their own home. You can use food as an illustrative tool to help them paint the picture they need to seal the deal on a sale. Here’s how to entice a potential buyer’s sense of sight, smell, and touch with food in the kitchen and around the house.
Photo by Artistic [...]
Selling your house can be one of the most stressful events of your life. You’re opening your home to total strangers, you’re facing the daunting task of moving in the (hopefully near) future, and you’re worried about the finances of selling your home. Blanketing all of these concerns is the uncertainty – will you find a good buyer in time, will you get a fair value for your home, and will the sale of your home go smoothly? One option to consider that alleviates some of these concerns is to have a pre-inspection done prior to listing your home. Virtually all home sales will involve a home inspection. Lenders require them, and savvy home buyers will insist on [...]
You’re thinking of selling your house and you’ve read advice on real estate agents. Instead, however, you have a friend who has suggested they can handle selling your house. Is it a good idea?
There are many situations in which you might want to have a friend sell your house. Maybe Sue or Bob is just starting out as a real estate agent, and you want to throw work their way. Perhaps you need to sell your house relatively quickly, and you figure your friend won’t mind working 24/7 to make that happen. You might be looking for a deal on real estate agents because you need money for another important event, like saving up to buy an engagement ring that meets [...]