If you're contemplating putting your house on the market this spring, there's no time like the present to start the preparation process. As the real estate market gears up for its busiest season, ensuring your home stands out among the competition is crucial. Here are some invaluable tips to help you get your house market-ready:
First impressions matter, and a cluttered home can easily deter potential buyers. Before listing your property, invest time in decluttering and organizing each room. Beyond mere tidying, the goal is to create a sense of space and openness, allowing potential buyers to envision themselves in your home. According to Moving.com, decluttering significantly enhances the appeal to potential buyers, making the space appear larger and cleaner.
The kitchen and bathrooms are focal points for many buyers, influencing their overall opinion of the house. Ensure these spaces sparkle by giving them a thorough deep cleaning. Pay attention to details such as scrubbing grout lines, polishing fixtures, and decluttering countertops. A pristine kitchen and bathroom can leave a lasting positive impression on potential buyers.
The exterior of your home is the first thing potential buyers see, making a good impression crucial from the moment they arrive. A well-maintained yard not only enhances curb appeal but also conveys that the home has been cared for. Spruce up your yard by mowing the lawn, trimming bushes, and clearing away debris or dead plants. U.S. News emphasizes the impact of a beautifully landscaped front yard, stating that it can elevate an ordinary house into a charming home and contribute to a faster and more lucrative sale.
A skilled listing agent can be your partner in minimizing stress when selling your home. Rely on their expertise for advice on decluttering, staging, and enhancing your home's appeal to potential buyers. Their insights into market trends and recommendations for reliable contractors and stagers are invaluable. As Realtor.com suggests, a good listing agent will assist in pricing your home, recommend professionals to enhance its presentation, and ensure its visibility on the multiple listing service.
By dedicating time to decluttering, deep cleaning, and enhancing your home's overall appeal, you can create a welcoming environment that resonates with buyers. These efforts significantly increase your chances of a successful sale. If you're considering listing your home this spring, let's connect to discuss the specific steps you need to take to get your house ready for a successful sale.
Are you hesitating to sell your house amidst the current real estate landscape? Affordability concerns might be playing on your mind, but assessing your home equity could provide the clarity you need. In a recent article by Bankrate, the concept of home equity is outlined as:
"Home equity is the difference between your home's value and the amount you still owe on your mortgage. It represents the paid-off portion of your home. You'll start off with a certain level of equity when you make your down payment to buy the home, then continue to build equity as you pay down your mortgage. You'll also build equity over time as your home's value increases."
Essentially, it's a straightforward equation - the current value of your home minus your outstanding mortgage. Surprisingly, your equity may have grown more than you realize, especially with the recent surge in home prices.
In recent years, the real estate market has witnessed a significant spike in home prices, consequently boosting the value of homes and, consequently, homeowners' equity. This implies that you might possess more equity than you initially thought.
Maximizing Your Home Equity in the Current Market
If you're contemplating a move, your home equity could be a valuable asset. According to CoreLogic, the average U.S. homeowner with a mortgage holds more than $300,000 in equity. What's even more impressive is that data from the Census and ATTOM reveals that around 70% of homeowners have either fully paid off their mortgages or possess at least 50% equity.
This substantial equity can be advantageous when transitioning to your next home. Here are a couple of ways to leverage your home equity:
Become an All-Cash Buyer: If you've been in your current home for an extended period, the equity accumulated might be enough to facilitate a cash purchase for your next home. This can be particularly advantageous in competitive housing markets or if you wish to save on mortgage interest.
Increase Your Down Payment: Your equity can also be applied to augment your down payment on the next home. A larger down payment not only decreases the amount you need to borrow but can also result in more favorable interest rates, as explained by The Mortgage Reports.
Easily Determine Your Home Equity
To assess the amount of equity you currently hold, consult a trusted real estate agent for a Professional Equity Assessment Report (PEAR).
If a move is on your horizon, don't underestimate the power of your home equity. Connect with us to determine the extent of your equity and explore how it can be a valuable resource for your next home purchase.
Thinking about putting your house on the market? Well, here's some encouraging news for you. While the housing market may not be as frenzied as during the ‘unicorn’ years, when homes seemed to fly off the shelves, the current scenario is still quite favorable for sellers.
According to data sourced from Realtor.com, the graph illustrates the median days on the market for every January from 2017 to the latest available numbers. The term "days on the market" refers to the duration between a house being listed for sale and its closing date or removal from the market. This metric provides valuable insights into the pace of home sales compared to typical years:
When examining the most recent data in green, it's evident that homes are selling faster than the usual pace shown in blue. Remarkably, the only years where houses sold even quicker were the extraordinary ‘unicorn’ years, as indicated in pink. According to Realtor.com, homes spent an average of 69 days on the market, three days shorter than the previous year and over two weeks shorter than the pre-COVID-19 pandemic period.
So, what does this mean for potential sellers like you? Well, the accelerated pace of home sales is a result of increased buyer interest, driven in part by lower mortgage rates. However, the supply of available homes hasn't kept up with this surge in demand. Mike Simonsen, Founder of Altos Research, notes that 2024 is off to a stronger start than the previous year, with demand steadily increasing each week.
In essence, if you're contemplating selling your home, the latest data strongly suggests that now is a favorable time to do so. The housing market appears to be defying seasonal norms, presenting an opportune moment for sellers. To stay updated on the latest developments in our local market, let's connect and navigate the exciting dynamics of the current real estate landscape together! 🏠📈 #RealEstate #HomeSelling #MarketTrends
In the current real estate landscape, where the supply of homes for sale is limited, newly built homes offer an attractive alternative for potential buyers. However, navigating the process of buying a new construction home involves distinct considerations, making the presence of a personal real estate agent crucial for a successful and informed homebuying experience.
While builders typically have on-site sales agents, these representatives work for the builder, emphasizing the need for homebuyers to bring their own agent into the picture. As Realtor.com points out, having your own agent provides essential representation, aiding in negotiations and ensuring your interests are protected throughout the transaction.
Here's why having your own agent is key when buying or building a new construction home:
Local Area and Market Knowledge:
Your agent possesses a deep understanding of the local area and market trends. They can advise you on upcoming communities and developments, offering insights into potential future changes that might impact your decision, such as new highways or infrastructure developments.
Construction Quality and Builder Reputation:
Real estate agents are well-versed in the construction quality and reputation of different builders. They can provide valuable information on each builder's track record, customer satisfaction, and construction practices, empowering you to choose a builder known for delivering high-quality homes consistently.
Assistance with Customization and Upgrades:
The allure of new construction lies in the ability to customize your home. Your agent will guide you through the customization process, offering advice on upgrades that can enhance your home's long-term value. Their expertise ensures you allocate your budget wisely for maximum return on investment.
Understanding Builder Negotiations and Contracts:
Builder contracts can be intricate, requiring a keen understanding of terms and conditions. Your agent acts as a skilled negotiator, advocating for you and helping you comprehend the complexities of the contracts. They review agreements before you commit, ensuring that you are not unknowingly agreeing to terms that primarily benefit the builder.
In conclusion, if you are considering buying or building a new construction home, having a dedicated and knowledgeable agent by your side is invaluable. Their expertise in the local market, builder reputation, and negotiation skills can make a substantial difference in securing the home that aligns with your preferences and needs. If you're ready to embark on this journey, initiating a conversation with a trusted agent is a crucial first step. Let's connect and explore the possibilities together.
Beyond the usual health insurance benefit, there is often a long list of other benefits your employer may have available for employees. In today’s Service For Life!®Free consumer newsletter, you’ll learn about some of the benefits you might have overlooked.
You’ll also learn abouta few ways you can improve your home theater setup, and the best savings and investment accounts to start for children – plus fun facts, a trivia challenge, and lots more.
Finally, I want you to knowthat you may call me for any reason. And please let me know if a friend, family member or neighbor needs a caring, competent real estate professional to help in buying or selling.
I truly appreciate your friendship and referrals. Enjoy your issue!
President | Managing Broker
Your Home Sold Guaranteed Realty - The Watson Group
6155 S Main Street, Suite 270
Aurora, CO 80016
P.S.When you notice people talking about real estate in the next few weeks, can you tell them about the free consumer information I provide?
They may be people needing to move in the next 6 months, and you can tell them about my Free Consumer Report: “Make Your Home Show Like A Model Without Breaking The Bank.” They’ll thank you because this informative guide has a checklist of inexpensive ways to make buyers instantly attracted to a home. To request a copy for a friend, simply call me at:
The array of employee benefits your workplace offers may be more expansive than you’d think–and learning about your benefits package can save you quite a bit of money. Beyond the baseline of medical insurance coverage, some companies offer tax-free healthcare spending accounts (like Healthcare Spending Accounts- HSAs and Flexible Spending Accounts- FSAs) that you can take advantage of. Your employer may even make contributions to it for you. You probably are aware of employer-matching programs to maximize contributions to your 401(k). Some companies, though, go above and beyond with a variety of less familiar benefits you can (and should) make the most of. Here are just a few of them.
Sold for $522,490!
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Sold for $477,990!
Sold for $985,000!
Q: What other options do I have besides refinancing my home loan if I’m struggling to make payments?
A: If you’re “underwater” on payments, you may decide to move out of your home. Here are some options to consider:
Rent the property.This will help you make your monthly mortgage payments but you’ll still pay for maintenance on your property.
Do a short sale.This involves selling your home for less than you owe on the loan. The bank may forgive the difference between what you owe and the final sales price the buyer pays.
Do a Deed-in-lieu of Foreclosure.You give your home back to the lender in exchange for forgiveness of the mortgage.You may still have to pay the difference between what the bank sells the home for and what you still owe, plus legal fees.Many banks won’t consider this until a short sale has been attempted.
Before you do anything, talk to an expert about your problem, including a REALTOR®, a foreclosure counselor, a tax expert, a credit counselor and/or an attorney.To learn about more options for struggling homeowners, call and ask for my Free Consumer Report called“10 Options To Avoid Foreclosure.”I’ll send a copy right to you.
Do you have a real estate question you want answered? Feel free to call me at 720-463-0002. Perhaps I'll feaure your question in my next issue!
Your Home Sold Guaranteed Realty understands the effort it takes to sell a house. To make your life easier, we have compiled these valuable resources for you - completely FREE of charge! MORE
At Your Home Sold Guaranteed Realty, we are dedicated to making the process of buying a new home stress-free. To ensure your comfort, convenience and peace of mind throughout your search for a property, we have assembled an extensive selection of resources tailored to fit every person's unique needs - all complimentary and without obligations! MORE