Posts with tag 'Sellers Market'

Avoid these Sale Stoppers BEFORE your home hits the market!

If you think about it, do you believe that your home is still a good fit for you? Some life circumstances cause our housing needs to change, and you may find yourself crammed in tighter than ever, or wondering what to do with all that extra space. If this sounds familiar and you feel it's finally time to move, you may not be sure where to start, even if you've done this before. That's completely understandable!

The best way to get your home is ready for sale is to make sure it is as clea...

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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 Homes which once would have sat for months with worn roofs, outdated kitchens and baths or older HVAC systems are now being gobbled up without complaint.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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I come across a lot of people who say they want to move. Their children have grown up and they no longer need all the space, the upkeep on the property is too much for them, they would like to be closer to family, they would like to go someplace warmer…whatever the reason, they would like to live somewhere else.

But one thing holds them back: fear.

It could be fear of the amount of work involved in sorting through and packing decades' worth of belongings, fear of having strangers going through their home, fear of the projects that need finishing before the house is ready to sell, fear of the whole process itself which they do not understand, and especially,...

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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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