Tuesday, January 31, 2012
Friday, January 27, 2012
Thursday, January 26, 2012
Wednesday, January 25, 2012
Tuesday, January 24, 2012
Monday, January 23, 2012
Thursday, January 19, 2012
RELO 101 – What You Should Know About Relocation Packages | Real Estate Insider News
Want to know what a RELO is and what it means for the buyer/seller? Great article here.
RELO 101 – What You Should Know About Relocation Packages | Real Estate Insider News
RELO 101 – What You Should Know About Relocation Packages | Real Estate Insider News
Wednesday, January 18, 2012
Monday, January 16, 2012
Thursday, January 12, 2012
Is the real estate market prices going up or down?
I have seen several articles in the last 3 months or so with conflicting information. NAR shows an increase in the national market prices, while LPS just released numbers stating that home price declines are consistent throughout the country...who is right? What is the truth?
What it comes down to is this. National numbers are great to use as a general indicator of how the country is doing in relation to Wall Street, other countries, and overall trends. However you cannot use these numbers any further than that. Real estate markets are so localized based on so many factors that you really need to look at what is around you to determine the fair market value of your home. There are even extreme cases where the street next to yours is not even comparable.
Is your home on the market and not selling? Why?
1. Is your real estate agent familiar with your area? Did you see the comps pulled that were compared to your home to determine a value? You know your neighborhood better then me (unless we are neighbors) so you tell me...does the home for sale across the street have issues you know of? Did they recently have work trucks there making upgrades? Was there a recent issue that is causing them to sell? Why is their value lower or higher then yours?
2. Are you realistic with your expectations? Just because your neighbor sold their home for X doesn't mean you can. And I understand that you need a certain percentage of funds from the sale, but can we actually get that out of your home for you? Is your home dated? I know you love your home, however potential buyers may not enjoy your tastes and want to make their new home theirs. Can they see past your personals, color schemes, and pets?
3. The value is in the facts. Comparable properties with recent sale values do not lie. I can't get you 100k if all the other homes in the neighborhood are only going for 50k. It doesn't matter how much you have spent in upgrades if your local market does not hold that type of value. You should never buy the most expensive home in your area. It has no where to go in value but down.
If you have a qualified agent, they are going to know the most recent local trends for your area, who is buying the properties up, and what the fair market value is to sell your property within the average time for your market area. Seller input is great for the final tweaking of the list price, however the bottom line is you have to trust your agent enough to be satisfied with their determined numbers and recommendations if you really want to sell your home.
Misty McMillan, Real Estate Consultant
What it comes down to is this. National numbers are great to use as a general indicator of how the country is doing in relation to Wall Street, other countries, and overall trends. However you cannot use these numbers any further than that. Real estate markets are so localized based on so many factors that you really need to look at what is around you to determine the fair market value of your home. There are even extreme cases where the street next to yours is not even comparable.
Is your home on the market and not selling? Why?
1. Is your real estate agent familiar with your area? Did you see the comps pulled that were compared to your home to determine a value? You know your neighborhood better then me (unless we are neighbors) so you tell me...does the home for sale across the street have issues you know of? Did they recently have work trucks there making upgrades? Was there a recent issue that is causing them to sell? Why is their value lower or higher then yours?
2. Are you realistic with your expectations? Just because your neighbor sold their home for X doesn't mean you can. And I understand that you need a certain percentage of funds from the sale, but can we actually get that out of your home for you? Is your home dated? I know you love your home, however potential buyers may not enjoy your tastes and want to make their new home theirs. Can they see past your personals, color schemes, and pets?
3. The value is in the facts. Comparable properties with recent sale values do not lie. I can't get you 100k if all the other homes in the neighborhood are only going for 50k. It doesn't matter how much you have spent in upgrades if your local market does not hold that type of value. You should never buy the most expensive home in your area. It has no where to go in value but down.
If you have a qualified agent, they are going to know the most recent local trends for your area, who is buying the properties up, and what the fair market value is to sell your property within the average time for your market area. Seller input is great for the final tweaking of the list price, however the bottom line is you have to trust your agent enough to be satisfied with their determined numbers and recommendations if you really want to sell your home.
Misty McMillan, Real Estate Consultant
New REO Inventory in 2011 = 804,423 Homes
Lowest numbers in 5 years indicating slow positive upturn for our economy. Less foreclosures mean more people are able to pay their bills. This is also a correlation to the slightly decreasing unemployment numbers we have seen this past year. Good news
New REO Inventory in 2011 = 804,423 Homes
New REO Inventory in 2011 = 804,423 Homes
Wednesday, January 11, 2012
Monday, January 9, 2012
Friday, January 6, 2012
Thursday, January 5, 2012
Wednesday, January 4, 2012
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