The True Value of Your Home: Ensuring You Don't Sell Below Worth

The True Value of Your Home: Ensuring You Don't Sell Below Worth

The aroma of freshly brewed coffee filled the room as I sat down with Sarah, a long-time resident of our community. Her eyes, filled with a mix of regret and hope, told a story of underselling her cherished family home. Her brother was the POA and picked an agent at random before reaching out to siblings or using valued resources. This poignant moment reinforced my belief in the profound importance of understanding one's home value, not just as a number, but as a culmination of community, true value, memories, efforts, and dreams. Do not lose tens of thousands of dollars on your home sale!

Market Analysis & The Intricacies of Micro Markets

Real estate isn't just about bricks and mortar; it's about understanding the pulse of communities, neighborhoods, and even streets. While broad market trends give us a general overview, the real magic lies in understanding micro markets.

For instance, two homes in the same city, just a few blocks apart, can have vastly different values. Why? Because micro markets consider factors like proximity to local amenities, the reputation of nearby schools, historical significance, community events, and even future urban development plans.

I've walked the streets of neighborhoods, understanding the subtle nuances that make one block more desirable than the next. It's these intricacies, these micro-trends, that can significantly impact your home's value.

Remember the old café around the corner, where everyone gathers on Sunday mornings? Or the park where families convene and children play? These aren't just locations; they're experiences that potential buyers are investing in. And understanding this can make a world of difference in your home's valuation. Make sure you are working with someone like myself to ensure your micro market is being taken into consideration when priced.

Home Features & Expert Opinion

Every home has its story, its unique quirks, and features. Maybe it's the hand-carved fireplace mantle passed down through generations or the sunroom that has witnessed countless sunsets and heart-to-heart conversations. These features aren't just architectural details; they're memories, stories waiting to be shared and continued.

When I walk through homes, I don't just see rooms; I see potential, stories, and value. And when it comes to pricing, these stories play a pivotal role. It's not just about square footage or the number of bedrooms; it's about the laughter, tears, and memories that echo in the hallways. My role is to ensure that these stories are told, that they add value to your listing, and that the next homeowner understands and appreciates them.

Work with a professional Real estate agent

Understanding the true value of your home is a journey, one that requires expertise, empathy, and a deep understanding of both macro and micro market trends. If you're considering selling your home, no matter where it's located, I'm here to guide you, to ensure that your home's story is told, and that its value is realized to the fullest. Let's embark on this journey together. Reach out, and let's ensure your home gets the value, respect, and love it truly deserves.

Slowing Real Estate Market – What You Need to Know as a FSBO Seller

If you're thinking of selling your home without the help of a real estate agent, you'll need to be prepared for a bit more work. Here's what you need to know about selling in a buyer's market.

There have always been sellers who have been willing to forgo the help of a professional real estate agent to avoid the commission costs of their services. In the brisk seller’s market of recent years, FSBO (For Sale By Owner) listings could easily gain attention through a simple online listing and a yard sign (And yet they still averaged a sales price of 10% or more less than agent listed properties). As the market shifts away from this frenzy, FSBO sellers may need to reexamine their strategy.

In a buyer's market, FSBO listings need to be extra creative in order to pique buyers' interests. Platforms like Zillow and Trulia offer the ability to add videos and pictures to your listing, as well as open houses. You can also try agents who offer a limited listing on the MLS (Multiple Listing Service) for a small fee.

Most importantly, selling without an agent is more work for the seller. As the market slows, a FSBO must be prepared for a longer wait to sell their home. Additionally, with falling home prices, the longer it takes to sell your home, the more money you stand to lose. If it is a greedy seller, the seller will likely continue to receive frustrating low ball offer. It is extremely challenging to represent yourself when selling property- especially when you do not know what the heck you are doing, what the contracts really mean as far as responsibility go, and you are an easy target for agents to negotiate with.

Enjoy the phone calls from hundreds of agents trying to list your property as well! If that does not sound appealing to you, give me a call instead and let’s sell your house with a real strategy.

What Stays With The Home?

More than one seller has been surprised to find that their favorite chandelier is not theirs to take when they move. First-time home sellers might be especially confused when confronted with an exclusion form presented by their agent. Understanding what is, and is not included in the sale by statute is important to avoid disappointment on both sides.

The first rule of thumb is to consider if the item is nailed down, bolted, mounted, or planted. This covers a wide range of items both inside and outside the home. This might seem simple enough, but the debate about what constitutes a “fixture” has caused many post-sales lawsuits. Fixtures will stay with the home unless specifically excluded. This includes light fixtures, shelves, cabinets, built-in shelves, and more.

Consider the mount for the big-screen TV. It might seem logical to assume the mount would go with the TV when the sellers leave, but technically it’s likely considered a fixture as it’s bolted to the wall. What about a window-mounted air conditioner? If it’s sitting in the window, it’s typically personal property, if there is a hole in the wall to accommodate it, then it’s a likely fixture.

Outdoor items are subject to the same rules. Anything planted in the yard goes with the home, as does furniture or other items bolted to the ground. In that scenario, an arbor or patio cover bolted to a concrete slab would stay. Contrary to everything just outlined, however, curtains typically go with the home.

The language in the Pennsylvania Agreement of Sale lists standard inclusions for home sales. We will review this in detail!

If you are ready to buy or sell a home, make sure and discuss with your agent what you want to add or exclude to the sale. This is the best way to avoid disappointment at best or a courtroom at worst.

8 Things Buyers Notice

8 Things Buyers Notice as Soon as they Walk In

Buyers notice everything – good and bad. From the moment they walk in the front door, they are trying to determine if this is the right home for them and their family. If you have your home listed for sale, paying attention to what the buyers notice can mean the difference between an offer and a missed opportunity.

8 Things Buyers Notice as Soon as they Walk In

1.     Light – A bright home is inviting. Make sure you fill your home with lots of natural light or a soft evening glow.

2.     Smell – Nothing is less inviting than a strong odor. Even candles and air fresheners can be overwhelming. Less is more and make sure nothing unpleasant is lingering.

3.     Space – Remove any unneeded furniture and offer a spacious home which flows.

4.     Ceilings – Of course you can’t make your ceilings higher, but make sure they are free from water stains because buyers will look up.

5.     Pictures and Personal Items – Remove personalization as much as possible so the buyers can imagine their family in the home.

6.     Outdated Furnishings and Fixtures – If your home is filled with hand-me-downs, consider a professional stager. Old wall paper or outdated paint colors should be replaced as well.

7.     Dirty, Grimy Rooms – Most important, clean everything thoroughly. Nothing is less appealing than a dirty home.

Tips for Buying and Selling at The Same Time

Tips for Buying and Selling at the Same Time

Either buying or selling a home can be extremely stressful, it can be even more overwhelming if one is trying to do both at the same time. The good news is that this happens all the time and by following a few simple tips, both buying and selling can be a seamless process.

Tips for Buying and Selling at the Same Time

The good news is that you’re planning to move any way. Before you list your home for sale, why not start packing now? Take personal items and excess furnishings and pack them up and move them to storage. Not only will your home look larger and neater, you are getting a start on the move.

Next make sure your agent, or agents, understands the timeline and requirements. There are many standard contingencies which can protect you from owning two homes at once, or none at all. Not only can the purchase of your new home be contingent on successfully closing on your current one but you can also reverse the process and ensure you find a replacement before the close as well.

Finally, get the entire family involved. Be excited about the change and create a moving plan in which everyone has a task and there is a plan for the move itself. By taking a few initial steps, moving can be fun and easy.

Top Reasons Your House Expired

Top Reasons Your House Expired

There’s nothing more discouraging than having your listing expire. You’ve gone to all the trouble of staging your home, spending weekends and evenings running out the door to accommodate last minute showings and have nothing to show for it. The good news is there are real reasons why your home didn’t sell. Understanding these reasons can help you do things differently when you relist.

• Condition – Most home buyers are able to see beyond slight imperfections, but it’s important to offer a clean, neat home free from chipping paint, clutter and debris.

• Photographs – Most of today’s buyers start their home online, you must showcase your home through media first in order to entice the buyers to make an appointment.

• Price – One of the worst things a seller can do is “test the waters.” Many buyers will write off the home because they view you as unrealistic. After a listing has been on the market for a while, buyers then assume there is something wrong with the home, when in fact the sellers are just waiting for an offer.

• Poor Exposure – Homes don’t sell themselves, buyers need to see the home. Make showings easy by using a lockbox and allowing your agent to hold open houses.

• Wrong Agent – Not all agents are alike. The agent needs to be actively involved in the sale, not simply waiting for offers to land in their inbox.

Avoid the frustrating experience of having your home listing expire by understanding ahead of time the possible issues which can cause the listing to sit on the market. Knowing the possible pitfalls reduces the chance of an expiring listing and helps you sell your home for a great price and terrific terms.

Contact me and find out why you need a pro-active real estate agent representing your home sale.

The Internet Isn't Your Agent

The Internet Can’t Replace Your Agent 

We live in the information age; the Internet offers advice on every topic and real estate is no exception. With more and more home buyers starting their home search online, they are bombarded with advice and information – it can be easy to think that you can learn everything you need to know just by reading articles online.

The truth is your real estate agent does much more than answer your questions and open doors with a special key. A professional real estate agent will be there every step of the way. They have the experience necessary to navigate the complicated home buying process and solve common hiccups that present themselves in every real estate transactions.

Your real estate agent is a local professional. They will start by presenting themselves to the buyer’s agent as someone who will work with them to see the transaction through to a successful conclusion. They have a network of professionals who will work as a team to help you through the process. These include such professionals as: lenders, title reps, escrow officers, transaction coordinators, home inspectors, contractors and handymen, among others.

Most importantly, your agent is your ally in the home buying process. They negotiate on your behalf – armed with experience and understanding of customary charges, costs and terms.

They will ensure that the price you pay for the home is fair for the condition and neighborhood. They will negotiate repairs, if needed and make sure you are protected with the proper contingencies.

The Internet offers lots of great information, but the most important step you can take when buying a new home, is hiring a local professional real estate agent. Their knowledge and expertise can’t be found by reading an article or two online.

Contact me today with your questions, concerns, or anything else.