Simple Tricks to Show Your Home Like a Champ!

First impression counts! The most saleable properties are those that show pride of ownership. That’s why most of the new developments display model homes and home-sellers hire professional stagers to “dress up” their home for prospective buyers. This may come with a price as staging may cost anywhere from $1,000- $3,000 depending on the size of the home and the elaborateness of the project. However, the reward is bigger! Sellers “have received 2-8% above market asking price and listings have sold in half the time of a non-staged home” according to Let’s Stage It (www.letsstageit.com).
On the other hand, if you still live in the property and/or you don’t want to pay the money to give your home a complete make-over, start with these simple “5C’s” tricks: Read more
It’s Still My House!! Well….
This is the place you’ve rested your head, had numerous family gatherings and lovingly taken care of for years. You’ve decided to put your home on the market and while you understand this will involve some inconvenience, the buyers will understand this is still my home, right? Well, while this is technically true, the sooner you make the transition to thinking of your home as a product to sell, the better off you will be. Read more
Do Home Sellers Want to Hear the Truth?
On first impulse, most homeowners would say that, of course, they want their agents to tell them “the whole truth and nothing but” when it comes to the sale of their home. But do they really? There is a common mistake that home sellers make: choosing a real estate agent based on the price that the agent says they can get for the home. Don’t make this common mistake!
Is it a good time to Move Up?
Everyone’s question these days seems to be “Is now the right time to buy”? I have come up with a chart that helps you make the decision if now is the right time to buy!
Current Home New Home
|
Sell |
Spread (What it would cost you to move) |
Buy |
|
$100K |
$100K |
$200K |
|
(Value appreciates 10%) $110K |
$110K |
$220K |
|
(Value depreciates 10%) $ 90K |
$ 90K |
$180K |
The above chart is an example of a “move-up” buyer determining whether it is a good time to purchase an upgrade property.
Now ask yourself this question… “When does it make more sense to move up- when prices have gone up less or when they’ve gone down more?”
If you have answered when prices go down, you are the lucky winner!!!! You profit the most when the spread is less. So whether you are discouraged that you don’t have enough equity or down payment in order to move, ask yourself this question….
“If you don’t feel you can move up comfortably now, how will you be able to do so when prices go up further?”
***One last thing to ponder… When interest rates go from 6% to 7.5% the prices of homes would have to go down 14.7% in order to keep the same monthly payment.

