Posts Tagged real estate agents

Home Staging to Sell – You Can’t Afford Not To In This Flooded Real Estate Market!

Real EstateHome Staging is a proven vital tool in today’s flooded real estate market. With well over 90% of all prospective buyers searching the web before touring homes with an agent, and mere seconds to make that first impression, MLS or FSBO photos on-line had better WOW! Having an abundance of homes to choose from has left the buyer’s market very particular and demanding. Builders too, who have been hit by the recession, are slashing prices on new homes. So, the competition is tough!

Although every home should be staged prior to listing, it’s never too late. The Real Estate Staging Association polls 2000 active real estate agents annually for their current home staging statistics. Once again, consistently since 2007, despite the market being down, homes that are staged to sell, do sell faster; saving sellers thousands in monthly expenses. Just one of the impressive statistics in their 2010 report is for Occupied Homes that were listed without staging first. The average DOM (Days on Market) was 233 days–that’s almost 8 months! After those same homes were staged to sell, the average DOM was 53. That’s 78% less time on the market!

Today, home sellers have options. A professional home stager can be brought in to make the needed changes, or for the Do-It-Yourself generation, who’d like to save some money, many staging ideas can be done by the home seller. And for the very design-challenged seller, who has difficulty knowing where to begin, personalized advice and guidance can Read the rest of this entry »

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Six Real Estate Tips

Real EstateThe real estate tips that follow are meant to help you avoid common and not-so-common mistakes. Buying a house or other property always involves some risk, but there are many ways to reduce those risks.

1. “As Is” Property Inspections

Some sellers (including banks) specify that a property is sold “as is.” Of course all properties are ultimately sold with no promises other than those made in writing. We take our chances. But if sellers won’t allow an inspector into a property, walk away. There is no good reason that a seller shouldn’t allow an inspection, and the bad reasons are a risk you don’t need. Banks generally won’t loan on properties under such conditions anyhow, so you may be in trouble with financing in any case.

2. Plan For The Unexpected

Plan on at least $2,000 for “unexpected costs” when buying any real estate. One investor I know, who was very careful in his planning and had done many rehab projects, still found that he averaged a couple thousand more that he estimated for total expenses. Even when you are buying a home for yourself you should expect the unexpected, and make it part of your budget.

3. Check The Attic

On older homes, be sure to pop your head up into the attic (or have the inspector do so). Have a flashlight with you. You want to look for signs of leaks, as well as looking to see if the wiring has been updated. There are still bare wires strung on ceramic insulators in some old homes. Note how thick the insulation is as well, and whether there are any signs of animals. Read the rest of this entry »

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