Should I Sell My House This Year?

If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey

from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload in the media circling around talk of a possible recession, the upcoming 2020 election, and more, Americans feel good about selling a house now. That’s some news to get excited about!As the graph below shows, as of Q4 2019, 75% of people surveyed indicate they believe now is a good time to sell a home:In the case of those with a yearly salary of $100,000 or more, the results jumped even higher, coming in at an 82% positive sentiment.

When the study divided the outcomes by region, the results still consistently showed Americans feeling good about selling:

• Northeast: 71% positive
• Midwest: 76% positive
• South: 72% positive
• West: 81% positive

In addition to looking at income and region, the report also divided the results by generation, as shown in the graph below:As you can see, many believe that, despite everything going on in the world, it is still a good time to sell a home.

According to NAR, the unsold inventory available today “sits at a 3.0-month supply at the current sales pace,” which is down from a 3.7-month supply in November. The current inventory is half of what we need for a normal or neutral housing market, which should have a 6.0-month supply of unsold inventory. This is good news for sellers, as Lawrence Yun, Chief Economist at NAR, says:

“Home sellers are positioned well, but prospective buyers aren’t as fortunate. Low inventory remains a problem, with first-time buyers affected the most.”

Bottom Line

If you’re ready to list your home, you can feel good about the current sentiment in the market. Let’s get together today to determine the best next step when it comes to selling your house this year.

Top Reason to List Your House For Sale Now!

Monday January 4th, 2016 For Sellers, Housing Market Updates

If you are debating listing your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes For Sale

The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage:

“While feedback from REALTORS® continues to suggest healthy levels of buyer interest, available listings that are move-in ready and in affordable price ranges remain hard to come by for many would-be buyers.”

The latest Existing Home Sales Report shows that there is currently a 5.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and well below November 2014 numbers.

The chart below details the year-over-year inventory shortages experienced in 2015:

Anything less than a six-month supply is considered a “Seller’s Market”.

Bottom Line

Meet with a local real estate professional who can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing and able to buy now!

You might also enjoy reading…

• #1 Reason to List Your House Today
• Housing Update: Demand Up, Supply Down, Prices Increasing
• Pending Home Sales Reach Highest Mark In 9 Years!
• 4 Reasons To Move-Up This Spring

Ways to Prepare Your House to Sell

Is 2016 the year for you to make a move? Do you know what you need to know in order to prepare your house to sell for profit?

You may think you know everything you need in order to maximize your sales price when you’re ready to sell your home. We certainly thought we did, until we met Debbie Baumann, an accredited Staging Professional in North TX.  Debbie has great strategies for making your rooms look fabulous.

It’s important to recognize that today’s home buyer is 95% inclined to begin his or her home search online.  It’s absolutely essential to get the very best photographic representation of your home, and that requires professional preparation and professional photography.  The difference between a house that hasn’t been prepared for the camera and one that has could mean tens of thousands of dollars captured or lost in the sale of your home.

So here are some tips:

Clear all unnecessary objects from the furniture throughout your house. Anything smaller than a grapefruit looks like clutter in the pictures!

Click here for 24 more things you can do in 10 minutes or less to make your home more saleable:

If you have to have some items on the counters in the kitchen or bath, group them by use, and perhaps place them on trays or in limited space.

Clear the refrigerator front of ALL messages and pictures.

Take down pictures.  Leave only black and white photos and photos of family members no longer living.

You can’t sell a house if you can’t see it, so walk around the outside and get heavy-handed with the pruning shears.

All of these tips are part of how you prepare your house to sell for profit.  We know that staging is marketing and it is the single most effective tool you can use to maximize your sale price.  It doesn’t need to cost much to prepare your house.  The goal is to recognize that the way you live and the way you show a house are two different things.

A Checklist: For a Better Home Showing

When you’re ready to prepare your house to sell for profit, contact us for additional ideas and a custom and confidential meeting with specific advice for you and your house!

Home Staging on a Budget

Why do model homes sell so well? The builder wants you to see yourself living in the home. So, when you get ready to sell your home you want to show your home’s best features by staging it effectively, you help increase your final selling price without breaking the bank; in fact, on average, sellers receive $2 in increased sale price for every $1 they put into staging a home.  As our infographic Shows…

The following five golden rules of home staging will help you show off its best assets:

The five golden rules are:

1. De-personalize: While your family photos are beautiful and your kids’ drawings on the fridge are adorable, buyers want to be able to picture themselves in the house- and that means putting away your photos, clearing your closets from unnecessary clutter, and using matching hangers to give your closet more visual impact.

1. Maximize: Declutter and maximize the area in your home. Stuffed closets make your closet space look insufficient, so consider storing excess belongings offsite. You can also quickly improve your bedroom’s aesthetic by using gender neutral colors when accessorizing so that the color scheme appeals to more people. A headboard, a cohesive color scheme, and a few decorative items also improve the look of a bedroom, while removing extra clutter (office furniture, power strips, televisions, etc) will make the room feel more relaxing.

1. Sanitize: No one wants to move into a dirty home, so clean your home to make it much more appealing to prospective buyers. Clear your countertops to make the space look larger, and enhance the open feel with white bath and hand towels on display. Clean dirty shower doors with a solution of one part muriatic acid and ten parts water. Bathrooms and kitchens are the two essential areas of the home, and they can make or break a deal.

1. Modernize: A dated-looking home means a lower offer, so modernize your home wherever possible. Small changes, like replacing gold fixtures or brass and wooden cabinet hardware with nickel, chrome, brushed silver, or stainless steel, will go a long way towards updating your home. You can quickly update the look of flat appliances such as dishwashers and refrigerators by using stainless steel stick-on coverings or specialty appliance paints. While you’re in the kitchen, go ahead and declutter your cabinets, drawers, and oven- buyers will look inside every nook and cranny. Also, you can make your kitchen space look larger by removing rugs.

1. Neutralize: Keeping a neutral color scheme can help your buyers envision themselves in your home, especially in a statement-making area like the dining room. Set the table simply to create visual interest, and add a vase with fresh flowers for a beautiful focal point. Add lighting and emphasize any natural light your home gets using a mirror and subtle lamps. Don’t forget to adjust your window treatments to maximize your staging. Keep your curtains neutral or choose ones with subtle designs; sheer curtains also let in more light so that your home looks more appealing. Set the rods as high as possible and use thin rods to maximize the space.

A few simple tweaks can increase your home’s selling price by hundreds, or even thousands, of dollars. Use these guidelines to stage your home effectively so that you get the best possible price on your house.

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