12/Jan/2008
Real Estate Market: Important Tips for Buying or Selling Your Home
By Sheila A. Dunigan
Keller Williams Red Stick Plus
It is a great time to be looking for and purchasing the home of your dreams!
There is a great variety of inventory on the market right now and the interest rates on government and conventional loans fell about ¼ of a discount point in December. It is important to remember that interest rates tend to improve slowly while negative movements tend to happen fast and furiously. Capitalizing on interest rates at the current levels protect against uncertainty surrounding future interest rate developments. The important thing to remember is that mortgage interest rates remain historically favorable.
Sellers – in this type of market it is more important than ever to have your home listed at fair market value. Pricing too high is as bad as pricing too low. If you price too high you will scare off potential buyers, and they will not even take time to look at a home they feel they can’t afford. Remember the first 30 days that your home is on the market is when it will draw the most attention. By the time you adjust the price to fair market value, you have missed that window of opportunity.
Also, keep in mind that buyers want the BEST home for the BEST price! You will only have one chance to make a first impression so make it a good one!
Curb appeal is very important. If buyers are not attracted to the exterior of your home, chances are they will not be interested enough to even view the interior. You may need to wash down the exterior, touch up paint or simply clean up the yard. Keep the lawn mowed in summer, leaves raked in fall, shrubs and trees trimmed, beds weeded and edged and clutter put away.
For the interior you will need to take care of minor repairs. If paint is neutral colors, just touch up, if not you may want to paint the walls a neutral color. Clean woodwork, clean or replace carpeting with a neutral shade, clean windows and leave curtains open to let in light when a buyer is touring the home. Make sure the closets are neat and remove most of your personal items such as the kitchen magnets and family pictures. Also be sure the home has a welcoming fragrance.
You want buyers to feel like they are in a model home, not your home.
Remember that whether it is considered a “Buyer’s Market” or a “Seller’s Market” there will always be someone that needs to sell and someone that needs to buy!
Mortgage information supplied by Carole Wilkens of Gulf Coast Bank other material from Keller Williams 4-4-3 Training Material
By Sheila A. Dunigan
Keller Williams Red Stick Plus
It is a great time to be looking for and purchasing the home of your dreams!
There is a great variety of inventory on the market right now and the interest rates on government and conventional loans fell about ¼ of a discount point in December. It is important to remember that interest rates tend to improve slowly while negative movements tend to happen fast and furiously. Capitalizing on interest rates at the current levels protect against uncertainty surrounding future interest rate developments. The important thing to remember is that mortgage interest rates remain historically favorable.
Sellers – in this type of market it is more important than ever to have your home listed at fair market value. Pricing too high is as bad as pricing too low. If you price too high you will scare off potential buyers, and they will not even take time to look at a home they feel they can’t afford. Remember the first 30 days that your home is on the market is when it will draw the most attention. By the time you adjust the price to fair market value, you have missed that window of opportunity.
Also, keep in mind that buyers want the BEST home for the BEST price! You will only have one chance to make a first impression so make it a good one!
Curb appeal is very important. If buyers are not attracted to the exterior of your home, chances are they will not be interested enough to even view the interior. You may need to wash down the exterior, touch up paint or simply clean up the yard. Keep the lawn mowed in summer, leaves raked in fall, shrubs and trees trimmed, beds weeded and edged and clutter put away.
For the interior you will need to take care of minor repairs. If paint is neutral colors, just touch up, if not you may want to paint the walls a neutral color. Clean woodwork, clean or replace carpeting with a neutral shade, clean windows and leave curtains open to let in light when a buyer is touring the home. Make sure the closets are neat and remove most of your personal items such as the kitchen magnets and family pictures. Also be sure the home has a welcoming fragrance.
You want buyers to feel like they are in a model home, not your home.
Remember that whether it is considered a “Buyer’s Market” or a “Seller’s Market” there will always be someone that needs to sell and someone that needs to buy!
Mortgage information supplied by Carole Wilkens of Gulf Coast Bank other material from Keller Williams 4-4-3 Training Material
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