A seller recently told me they hired their first agent based on a low commission rate. Though their agent offered a commission that was 1% lower than others, this seller sure paid for it in a different way. The home sat on the market for six months, and it cost about $10,800 in upkeep over that period.
That 1%-lower commission rate cost the seller a lot more than what they saved.
There’s more to hiring an agent than just commission rate. If you get an agent who doesn’t actively try to sell your home, it will certainly cost you, regardless of their rate. And if you find an agent who will negotiate their rate, that’s not a good sign either—if they’re willing to give up their own potential earnings, they’ll likely be willing to give up yours, too.
Two things can kill a home sale before a buyer ever steps foot through the front door: Having poor-quality listing photos, or having no listing photos at all.
This is why, if you plan on listing your home soon, it’s imperative that you hire a professional photographer to take photos of it. As I always say, photos are your first opportunity to sell your house.
It is officially fall! I love this time of year, with the cooler temperatures and changing leaves. It’s a shame that so many people think they can’t or shouldn’t sell their homes during the fall or winter. But today I’m here to tell you not to discount the winter as a great selling season—in fact, it could be the best time to sell. Many sellers take their homes off the market this time of year, meaning less competition for you. The winter has low supply, but there’s always demand for homes, and selling in the fall or winter could make you more money.
When listing your home, it’s important that you price it appropriately for what you’re delivering to the market.
When I talk to sellers whose homes fail to sell, I'm always curious how the listing price was determined. When I hear an agent asked the seller where they wanted to price it, I wonder why that wasn't a huge red flag. Pricing your home correctly is imperative to getting it sold and I believe that is one of the most important reasons you hire a Realtor. Overpricing it, for instance, could lead to you selling it for less than what you would have if you had priced it correctly from the beginning.
The condition of your property, the location, and what you are competing with all play into your price. The lesser known factor in determining where you should price your home is taking into account how people search for homes today. Make sure you work with an expert agent who can give you the appropriate price for your home based on the current market. Keep in mind, though, that markets shift and prices change. The price I give your home in February, before you have too much competition, will likely be different from the price I would give you in April when the inventory...
Many people start their home search online by checking out Zillow’s Zestimate feature, which estimates your home’s value—and that’s okay. Most of those people just want a ballpark estimate of how much they might get for their home.
However, it’s important to understand that Zestimates are not an accurate estimate of what your home would sell for in today’s market. Zillow hasn’t been in your home, so they don’t know if you have any value-boosting upgrades that need to be factored into the home’s price.
To create a Zestimate, all Zillow does is take the average of what properties similar to yours in square footage have sold for in order to give you a figure to work with. Notice that those values can change by thousands of dollars on even a monthly basis.
If you want to add value to your home, there are two main areas that you can focus on; Your kitchen and your bathroom.
Certain easy, inexpensive fixes can go a long way in adding value to your home. For your kitchen, you can look at upgrading appliances and putting in new countertops. Meanwhile, for your bathroom, you can change your vanity, a light fixture, or even the mirrors.
So, when you are looking to add value, focus on your kitchens and bathrooms. It really doesn’t pay to put a lot of money into landscaping or adding trim to your home. It may help it sell faster, but you won’t actually get a higher offer.
Today I want to talk to you about the best time to sell your home. Most people think it’s the spring, and it may be. However, there may be an even better time for you to list and sell.
To determine whether there is a better time, the first thing that we would do is come out and look at your home. Then, we would sit down and have a conversation about what you need, such as the time frame needed to leave.
Next, we’ll talk about the competition currently on the market. What are homes priced at and how do they look?
You can let a family member tell you when
the best time to list is—or you can hire a professional
Posted by Dan Bennett on Thursday, April 13, 2017 at 8:41 AMBy Dan Bennett / April 13, 2017Comment
Looking to sell your home? This spring may be the perfect time! Amy Kite has some tips and tricks to sell your home quickly and take advantage of the spring season. For most of the country, spring and summer are the best times to sell a home. You can take advantage of the season by emphasizing the benefits of good weather and longer days. It's natural to want to spruce up your space in the spring, so scrub away! A sparkling home will impress buyers & make your home seem even more appealing. Check out the infographic for more information on how to take advantage of the spring time when selling your home.
Posted by Taylor O'Neill on Friday, January 20, 2017 at 2:19 PMBy Taylor O'Neill / January 20, 2017Comment
Around this time of year, the market for selling your home picks up. If you are thinking about selling a home but don't know where to start, here are a few things to consider according to The Kite Team:
Market Research-Our website provides you with current Market Statistics for your area based on what county, property type and the number of bedrooms in the home. These categories affect the price of your home. To find the right price for your home, you need to know what is going on in your area.
Current Interest Rates-Knowing a little about mortgages prior to purchasing your home can reduce your anxiety. Here are a few things that will ease the process.First, having perfect credit is not always required. FHA will insure loans for borrowers with less than perfect credit. This makes homeownership more accessible to first-time homeowners. Second, buyers do not always have to put 20% down on a home. There are loan programs that have down payment requirements as low as $0. (VA loans).You should always talk to a knowledgeable loan officer about your loan options. They can counsel you on down payment requirements and closing costs.
Let us help you!-We will ensure that your selling process is smooth and painless. Our marketing strategy is intense and we sell around 1 home every 18 hours. This past year we have sold over 500 homes.
Stage, clean & depersonalize-When buyers look at your home...
Posted by Amy Kite on Thursday, September 1, 2016 at 1:53 PMBy Amy Kite / September 1, 2016Comment
When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.
1. Begin with a Right-Sized Home.
If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset.
2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.
And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics not in use or turn off power strips to avoid phantom charges.
3. Install Efficient Lighting Such as Compact Fluorescent (CLF) or LED Bulbs in Every Fixture.
Lighting accounts for about 6 percent of an energy bill each year.
4. Get an Energy Audit and Have Tests Performed to Identify Ways of Improving Your Efficiency.
You can always upgrade your heating, ventilation, and air conditioning (HVAC) system as well as your thermal envelope, which includes insulation, windows, and doors and the seals or weather stripping around them. Visit energy.gov/energytips for more tips.