Posts with tag 'For Sale'

With home sales playing a big part of our economic recovery, especially here in Southwest Michigan, more people than ever are curious about the real estate market and what to expect in the coming year. With all the uncertainty, a lot of people remain on the fence about putting their homes up for sale. Here, I address four questions which have come up again and again:

1. IS NOW A GOOD TIME TO SELL?

In short, yes. Housing inventory is still at record lows. Buyer demand is still at a record high. And sales prices on existing homes are also high. Many people want or need to move. Putting your home on the market now will maximize your chances of selling quickly and for a higher price.

2. WHAT IF I SELL MY HOME BUT CAN'T FIND A NEW ONE T...

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How do you know which real estate professional you should choose when putting your home up for sale? Most people already know several Realtors, and if you ask around you'll likely receive a variety of recommendations. But are they right for you?

When doing your research, you should look beyond the number of sales. Have they received any awards? Special designations – all those initials after their name – show they have invested time and money into their professional development and growth. Have they earned their broker's license? These are all indicators of drive and initiative.

If you want a better picture of how they will perform, take the time to read through their reviews. Dig deeper than Zillow – check other sites like Google, Realtor.com, Facebook and LinkedIn. Also check their website, as s...

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Seller's market though it is, the buyers are the ones spending the money. Unless they're in a position where they must purchase quickly, most buyers will hold out for a home with the features they really want. Does your home have any of the most popular buyer requests? Based on recent personal experience working with buyers (giving feedback) and sellers (receiving feedback), as well as conversations with colleagues, these are the ten most sought after features in a home:

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BATHROOM SPACE. If a home doesn't have an adequate number of bathrooms, one of the most important considerations will be whether, and where, another one can be added. Is there a place where one would make sense? The size of the room is also important – more often than not, buyers will regard a "shoe...

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A new home in your price range hits the market, so you rush to see it immediately, well aware others will be doing the same. There's no doubt this is the place you've been looking for, so you make an offer the same day. Unfortunately, so do five other people who also loved it. Facing a host of competitors did not factor into your daydreams of a new home! What can you do?

First things first. Were you prepared for this situation, both financially and intellectually? Choosing the right lender is a key factor in a successful purchase, so you want to make sure you're comfortable with their level of experience and responsiveness. You should not be shopping for homes until you know your buying power and hav...

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Traditionally, spring is one of the busiest times of the year for real estate. However, the coronavirus outbreak—and subsequent stay-at-home orders—led many buyers and sellers to put their moving plans on hold. Across the country in April, new listings fell nearly 45%, and sales volume fell 15% compared to last year.¹

Fortunately, as restrictions have eased, we've seen an uptick in market activity, most notably here in Michigan where real estate had been completely shut down. And economists at Realtor.com expect a rebound in July, August, and September, as fears about the pandemic subside, and buyers return to the market with pent-up demand from a lost spring season.²

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