Tell-Tale Signs Your Home is Overpriced

Overpricing a home leads to damaging effects. In fact, the most common reason a home doesn’t sell is due to its price. Furthermore, the probability that you will end up with less money from pricing your home too high in the beginning is astonishing. Here’s a few signs that your home price may need some adjusting.
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  1. Priced higher than your neighbors
    Often times, home values in most neighborhoods will be relatively consistent and similar. If your home is priced much higher than neighboring homes, it is probably overpriced. Real estate agents complete a comparative market analysis when determining your home’s value. Avoid this potential overpricing problem and contact us today for your free analysis.
  2. Little to zero showings
    Listing a home stirs excitement in all sellers. Seeing your home advertised all over the internet and social media brings proud and happy feelings. But when weeks pass and there have been a few or even worse, no showings, giddy sellers turn into very concerned and frustrated people.
  3. No offers
    Maybe you have had a few showings and things seem to be going well, but for some reason you just haven’t received an offer. Generally speaking, homeowners should receive at least one offer within the first two weeks on a correctly priced home.
  4. Low internet traffic
    In just the past 10 years, the internet and social media have revolutionized the real estate industry. Majority of homebuyers search online before even talking to an agent. Once they find a home or two that looks good online the homebuyers contact either their agent or the listing agent to schedule a showing. If your home is experiencing little to no internet traffic along with few property inquiries, you may want to consider adjusting the price.
  5. Neighborhood homes are selling
    Although comparable homes in the same neighborhood usually sell for around the same price, don’t get sucked into the, “well my neighbor’s house sold for $200,000 and my house is so much nicer.” Chances are that if neighborhood houses are selling but yours is not, the home is overpriced.

4 Things To Do Today To Prepare Your Home To Sell

welcome-to-our-home-1205888_640Are you ready to sell your home? As you move forward in getting your home on the market, take a moment to spruce up your home to help make it not only look better to potential home buyers, but to boost the price.

While you’re looking around your home for little projects to boost the resale value, here are 5 easy things you can do to make your home look its best.

  1. Give the front door a fresh coat of paint. When it comes to curb appeal, give your front door a splash of color to make it pop. Plus, a fresh coat of paint makes your home look well kept and will appeal to potential buyers.
  1. Maintain a healthy lawn. Another simple thing you can do to make sure your home is appealing to buyers to to keep your lawn looking its best. Invest some time into making your lawn is properly aerated, mowed, and watered. If you’re grass is brown or has big gaps missing, not only does it make your home look unattractive but it turns buyers away.
  1. Install safety lights around your property. Not only are floodlights or landscape lighting a great safety feature around your home, it enhances the beauty of your home. Add lighting around certain areas of your home to accent focal points and other areas of your home you want to highlight.
  1. Replace any broken items around your home. If you have any broken screens, shutters, or gutters around your home, now is the time to get them repaired. Not only does this take away from your home’s appeal, but broken home features can turn potential buyers away.

If you’re ready to sell, give us a call today. We are here to help and ensure you get the best price out of your home.

Hiring an Agent

Selling your house can be a daunting task and choosing the right agent to help you through the process is key to making the experience a good one. However, with so many real estate agents out there, how do you know you are hiring the best one who will navigate you through the twists and turns?

Here are some questions to ask the next time you are looking to hire an agent:

Hiring an agent

1. Do you hold a real estate sales or broker’s license? Are you a licensed realtor? Yes, agents are required by law to have a license so if your agent doesn’t…move on.

2. Are you a member of the National Association of Realtors? Agents are required to take continuing education classes to keep up with the latest market trends and procedures.

3. What is your marketing plan for my home? How many websites will include information about my home? Where will you look for buyers?

4. How many sales did you complete last year?

5. Will you provide me with regular feedback and updates about potential buyers?

Also, ask for references. Can the agent give you a list of previous clients that you can follow up with. For a full list of questions to ask, check out the REALTOR website

What are some questions you would add to the list? What are some things you wish you had asked?

 

Before You Purchase a Home Ask Yourself These Questions

Buying a home is an exciting and stressful time. How do you know you are ready? Will the bank approve the loan? How do you hire a qualified home inspector? There are so many things to consider new-home-for-sale-1405784261lz0when buying a home. Some important things to consider are:

    • Don’t buy if you can’t stay put
    • Aim for a home you can afford
    • Get professional help
    • Choose carefully between points and rate
    • Do your homework before bidding

For a first time homebuyer, there are some basic questions to ask: how to choose a home, how to negotiate, how to make an offer, how do you make the transition between renting and buying, to name a few.

Savings for a Home

When moving forward with buying a home, it is recommended to put a down payment of 20% on your home, although it is possible to get a loan with less down. Regardless to how much you can afford to put down, it is important to know how much house you can afford.

Dave Ramsey has some great advice for potential home buyers when making the decision to buy a home along with 3 mistakes to avoid.

Share your thoughts. Is there anything you would add?

Important Terms to Know About Real Estate

How much do you really know about real estate? Whether you are a professional or not, there are some key terms you should know when it comes to real estate. Here are 3 real estate terms you should have a better understanding of to help you finding your home.

Fixed rate vs. Adjustable mortgage rate. A fixed mortgage rate is one where the interest rate will stay the same over the course of the loan. Whereas an adjustable mortgage rate, the interest rate will fluctuate either up or down. To decide which option is best for you, talk with your loan officer, bank, or credit union.

Pre-approval Letter. Before you even start looking for a home, you should meet with your bank or a mortgage lender to find out how much you can get a home loan for. This will help you and your real estate agent know how much of a home you can afford. When meeting with the loan officer or mortgage lender, remember to ask them about closing costs and other fees and if they’ll be covered in your loan.

Buyers agent vs. Real estate agent. A Real Estate Agent (sales agent) is anyone who is licensed to advise the public on real estate issues. In most states, to become a Real Estate Agent you have to complete a specific real estate course and take a state and federal exam.

Real Estate Agents work under the guidance and the legal protection of their broker. If you are interested in becoming a licensed sales agent in Utah please check out Utah Department of Commerce: Division of Real Estate for the necessary requirements and for further education check out the available courses for new agents.

Whereas to become a Broker, more education is required along with having to pass the brokers exam. Brokers are more liable or legally responsible for any mistakes made by agents or salespeople who work for them. If you are interested in becoming a broker in Utah visit Broker Registration site on the Utah Department of Commerce: Division of Real Estate page.