Posts with tag 'For Sale'

One of the most frequent questions that homeowners ask me is: What do I have to do in order to get my home ready to sell?

The answer depends on your willingness and ability to clean, repair and update your home, balanced against how much you intend to profit from the sale. Sure, it's entirely possible to sell a property with an old roof, leaky pipes and hideous flooring. But the sales price, in that case, is going to be far from top dollar.

As the market shifts, both buyers and sellers are adjusting their expectations. The brutally compe...

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In this hot seller's market, with competing offers driving sale prices thousands over asking, buyers are willing to overlook a lot. Homes which once would have sat for months with worn roofs, outdated kitchens and baths or older HVAC systems are now being gobbled up without complaint. But some things will still stop a sale.

Here are some real-life examples of issues discovered during home inspections and how they could have been avoided.

Wet Spot in Basement: The ground was sloping toward the house, channeling snow and water right at the foundation.

Solution: Re-grading that portion of the yard so it diverted th...

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It seems like homes are selling themselves these days! In a hot seller's market like we've experienced lately, it's easy to think that you can snap your fingers and fetch top dollar. With so many buyers competing for so few available homes, that could be the case.  But will it? Not necessarily!

Getting your property sold depends on a variety of factors. Buyers can tell immediately if it's in a good location, been priced properly, has desirable features, and looks attractive. But what they usually cannot tell right awa...

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With the housing market in Southwest Michigan (and elsewhere) starting to settle down, buyer and seller behaviors are also returning to normal. For the past year plus, sellers unequivocally had the upper hand, and everyone knew it. Low interest rates and a shortage of homes for sale resulted in multiple offers within days of listing, driving prices well above asking, and causing buyers to resort to desperate measures in order to secure their purchases.

Escalation clauses. Bridging the appraisal gap. Seller rent-back agreements. Waiving inspections. These tools became commonplace as buyers had to fall all over themselves to get their offers accepted. Sellers expected top dollar for every property and were usually able t...

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This sizzling seller's market heavily favors homeowners, but is not without its challenges, too. Knowing how to leverage the advantages while avoiding potential problems is the best way to reach your goals.  To help you be prepared, here are four advantages and three challenges you might face when selling your home this year:

ADVANTAGES AND HOW TO MAKE THE MOST OF THEM

1. Higher sales price. It's no secret that the shortage of homes nationwide has created a feeding frenzy-like atmosphere among buyers. Locally, sales prices continue to trend upward as buyers compete f...

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