January 23, 2019 rummy

Unlike last year when sellers can aggressively put a price on their houses and still come up successful in selling, this year will be slightly challenging. More inventory means more option for the buyers and they almost always certainly look at the price first. As we have explained before, pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search! Over the last six months, more inventory has come to market while the months’ supply of inventory available has dropped. This means that the demand for homes to…

January 18, 2019 rummy

When it comes to selling, one of the biggest thing we have to consider is competition as strict competition almost always ensures sellers get less than their intended price. Here’s a graph on the number of listing by month. In a recent interview discussing the housing market, First American’s Chief Economist Mark Fleming put it simply: “The biggest challenge is really the availability of supply.” When we look at available inventory numbers released by the National Association of Realtors (NAR), we see that the actual number of homes for sale has decreased in each of the last five months. What…

January 16, 2019 rummy

If you’re planning on selling your house this year and want to get the best out of your selling experience. We recommend you follow these two simple tips to avoid unnecessary sales costs. 1. Price it a LITTLE LOW This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below). Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price…

January 9, 2019 rummy

There are a lot of things that could go wrong when selling a house. Things that would often leave sellers with unsold houses along with wasted time money and effort. Today let’s talk about some of the things that FSBO comes along with. Here are the top five reasons: 1. Exposure to Prospective Buyers According to NAR’s 2018 Profile of Home Buyers and Sellers, 95% of buyers searched online for a home last year. That is in comparison to only 13% of buyers looking at print newspaper ads. Most real estate agents have an Internet strategy to promote the sale…

December 28, 2018 rummy

If you’re planning on selling your house, there is no better time than now. This fact is known to many, therefore, it’s only wise to think that the market will be competitive and make the necessary preparations. Here’s what you need to know to be on top. One of the big reasons why inventory has remained so low for so long is that an entire generation of home buyers is finally buying! The millennial generation (ages 19-35) has been the driving force behind bidding wars in many areas of the country as they ditch their renter lifestyles and put down…

December 27, 2018 rummy

If you’re a seller who has experienced an expired listing contract. If you’re wondering why others sellers are able to sell their houses successfully and you’re being left out. Or thinking of selling your home and don’t want to end up like the ones mentioned above, then you definitely have to read this. Below are the 5 most common reasons why a listing contract will expire: 1. The Price Sometimes when the market is hot, homeowners attempt to set their listing price higher. Their hope is that a motivated buyer will be willing to pay any price for a house…

December 26, 2018 rummy

Some may see it as counter-intuitive to list their homes up for sale in the market this winter. The season actually holds some advantages, these are 5 great reasons to sell. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home. Take advantage of the buyer activity currently in the…

December 4, 2018 rummy

Historically, people prefer to buy their dream houses in spring. Nevertheless, based on reports from our reliable sources, there is a new trend in our seasonal market that many sellers could take advantage of. According to Bank of America’s annual Home Buyer Insights Report, 41% of renters surveyed agree that spring is the best time to buy a home. The surprising result, however, is that when ranking the seasons, winter comes in second at 24%. In many areas of the country, the spring and summer are the most competitive seasons for buyers. Families with children often want to move over…

November 27, 2018 rummy

Although it is a common knowledge that putting your home for sale during the holiday season would prove profitable, there are still few people who are hesitant and could not find a good reason to sell. How about we give you seven (7). Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their new employees in their new positions as soon as possible. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now. You can restrict the showings on your home to the times you want…

November 20, 2018 rummy

Contrary to the majority’s beliefs, homes sold in the third quarter of 2018 has been marked as one of the highest average price gains for years. This is great news for homeowners who are yet to take advantage of the home price appreciation. Let us take a closer look. According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007 and represents a 32% return on…