Codependent pricing. Overpricing your home in anticipation of a low offer. Codependency is a behavior in which a party engaging in dysfunctional behavior stays the same while the codependent “enabler” changes their behavior to compensate. In this case, the buyers are the dysfunctional party making low offers, but the seller overprices to compensate. Sellers say: “But I know […]
What external factors affect the value of a home? External influences on value: · Interest rates · New listing · Area competition · Local economy · Builder offerings · Neighbor’s price A common mistake that many owners make is to focus solely on their home when determining value. Yet in dynamic markets, many influencing factors are completely out of their control. We’ve […]
How does the property in your neighborhood affect the price of your home? The value of a larger home is reduced by the influence of smaller surrounding homes. Sometime owners will brag that their home is the “biggest on the block” as a way of puffing value. Actually, when a property is oversized for the […]
Pricing your home for market is an inexact science but we have many sources from which to draw to get as accurate a price as possible. Many times the question is asked “Can we get back all the money we’ve put into our home?” The answer is a definite “well, that depends.” It depends on […]
By all appearances, putting a home up for sale seems a simple process. Once it is on the market you see the information, the pictures, the description, the sign, and postings on the internet including Facebook, Zillow, Trulia, Realtor.com, Twitter and many other sites – as well as email blasts! Sounds pretty methodical. However, there […]
Selling a home should always include at a minimum a home inspection. My recommendation is to have a home inspection, termite inspection, roof inspection and heating and air inspection. If you are selling your home, it is a good idea to get a home inspection prior to the sale to discover any issues that could stall or […]
Every year many people go on trips or vacations. Some take cruises or just drive across the country. One thing you can count on is something unexpected happening. Anyone who goes on a trip will do a certain amount of planning in order to arrive on time and hopefully within budget. Obviously you can’t plan for everything but you […]
What Happens When You Close on the Purchase of Your Home? This question comes up a lot but not necessarily in this direct manner. It usually comes up in bits and pieces and it is important to address it as early in the sales process and then continue to provide updates as the sales process moves […]
It’s a habit that upon meeting with a buyer we don’t talk very long until I ask the question, “Have you a lender and have you been prequalified?” Most of the time they answer in the affirmative but sometimes not. Sometimes they say that they just want to look at some homes. It is difficult […]
Call a contractor? No, thanks! One of the many benefits of being a homeowner is the ability to change your home to suit your tastes—but armed with DIY Network, HGTV and YouTube, more homeowners are taking on the work themselves, according to the National Association of REALTORS® (NAR) 2019 Remodeling Impact Report. DIY Equals Happy Homeowners […]