Real Estate Bligity Blog of Levi Davenport

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A Few Small Fixes That Are Not Helpful When Selling A Home

July27

For individuals who have houses for sale in Custer SD it is important to know one thing. You need to know that in order to sell house you may need to make some small fixes that won’t cost you much but will surely help you to sell your real estate faster and, sometimes even more expensive. On opposite, there also exist a number of fixes that you should do. Trust me you shouldn’t do some fixes as they are not effective but time and money consuming. In this post we are going to tell you about several fixes that are not at all helpful when selling a house

The first thing that you don’t have to do is major renovations. Trust me, you won’t be able to sell your home faster because of major renovations. Presently, it’s not at all wise add a bedroom, create a gourmet kitchen, or install a hot tub before putting the house for sale. The cause is that such a renovation may cost you much and may be completely unwanted by your future buyer. This renovation can rise the price of your home greatly and this can make it higher than others in the neighborhood where your home is located.

Maybe you were thinking to purchase a high end carpet. For sure it may be quite reasonable if you haven’t got the idea to sell the house and simply bought the carpet for your own needs. Alternatively, in case you are preparing your house for sale it is quite an unreasonable purchase. If you just want to replace dirty, worn, or dated carpet, it may sound wise. Still, you have to remember one thing, when you pick out the replacement, you shouldn’t select the most expensive grade or brand on the market. Besides, no matter whether you install new carpet or not, a lot of buyers will immediately change it for something they like more.

The next fixture to avoid when putting your house for sale is new appliances. Indeed, no matter whether you are leaving your appliances in your home or taking them with you, you have to look attentively at the units. Your task is to find out the state your appliances are in. If they are so bad that they overshadow the good points of your kitchen you may consider renting for a week or two, or buying nice used models. Additionally, to make your kitchen and bathroom better you need to clean them properly and take away all unnecessary stuff out of there.

Last but not the least I can’t but mention that if you have any problems selling Custer home you may address people dealing with homes for sale Custer.

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A Few Advises That Can Help You To Sell Your Real Estate Property Faster

July27

Perhaps you need to sell your real estate property, but you actually don’t know how to do this faster. In a situation like this you may want to get some good recommendations from the specialist in Real Estate. Actually you can contact some company that helps people to deal with homes for sale in Custer and ask for advice or guidance. You can also do everything yourself. If doing everything yourself, you can look for some helpful tips on-line. Actually, in this article you will find a few advises that can be helpful when selling your real estate property.

First of all, you need to keep it in mind that to sell your house faster and at a higher price, you should look at it as if you are a potential buyer. Indeed, one of the most important things that can help you to sell your house faster is a good first impression. To to make your house look good you don’t need to spend much money. You have to take several cheap and easy first steps that will take you a little bit of time and minimal expense.

Start from a full examination of your house. Look at it as if you were a buyer. Is it clean or is everything in mess and the hallway is full of clutter or there is a junk mail and leaflets on the floor? When you are waiting for people to come and see your house, it would be better if you tidy the house. In addition if you are looking to sell your house fast you have to be ready for the visits of potential buyers at any time.

Then you have to look at the walls and ceilings. In case they are in a bad condition, you may need either to give them a good wash down with detergent or simply paint it with a quick lick of emulsion. In fact this is a fast and cheap solution to grubby walls. It would be the best to select neutral colors. The thing is that not everyone loves bright or dark colors, that is why it’s better to use something neutral to stay on a safe side.

Additionally, you need to try to do everything possible to de-personalize the property. In fact, this will give your prospective buyers a chance to imagine themselves living there. Furthermore the windows and woodwork around door frames should be clean and fixed. Also remember to wash a floor before the potential buyers visit. Definitely, you shouldn’t be worry about the money you spend on this preparation. Trust me every penny will give you much more when selling you house. Remember there are many people who are looking for homes for sale in Custer SD.

Al in all, every big deal needs some attention and investments. In case you are selling Custer SD homes, you shouldn’t be reluctant. Make some efforts and you will sell your real estate property fast and for a good sum of money.

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Selling Your Mesa Home

July26

So many people believe that their home is show ready almost the way they currently live in it because they love it just the way it is and figure that everyone else would to. What sellers really need to do is get an honest, unbiased opinion in making sure the home is show ready and time to put on the market.

It is understandable that you live in your home and it is not always as perfect as a mesa real estate home that has never been lived in and is staged to perfection. Naturally, this is the best case scenario but it is unrealistic in a home that is currently being lived in, however, it is close to achieve a very close duplicate to a model perfect mesa real estate.

You might ask why would I want to go to a lot of trouble to prepare and fix the home I am about to move out of just for someone else? Making your home in the best possible condition and model perfect will likely help you sell your home quicker, for a higher price and get through the inspection period less painfully with less items to be asked of you to repair.

First go through your home looking for many of the items an inspector will be looking for. Check the A/C system that it is in good working order as well as the water heater and other electrical items such as pool equipment, electrical outlets, GFCI outlets and switches. Do not forget to be sure the dishwasher and stove/oven are also in good working order

Next check for water leaks, faucets, sinks – including underneath the sinks where you may not often look. Check the drip system and outside water faucets for leaks, water heater leaks and working order.

Next, clear the home of as many personal knick knacks, family photos and debris sitting out on counter tops, desks, bathroom sink areas and shelves. Keep only decorative items. Pack these things away, you are planning on moving anyway so get a head start.

Check paint, if you have bright colors, make them neutral – not white but a neutral tone, I know your kids love their rooms and you like your paint but you need it as neutral as possible, beside fresh paint helps give your home a newer smell. Make sure your home has NO pet odors that will make the potential buyers leave faster than they arrived. Clean your carpets and rid all spots and traffic areas. Clean and organize closets and cabinets because potential buyers will open them to see how much storage space is available and the neater it is the bigger it looks.

Do not forget cleaning everything from the inside out. Get rid of outside spider webs on the home, leaves and dirt on patios and landscaping. Fresh new looking doors give a great fresh impression as well as a nice flower pot near the front door. Make sure your landscaping is neat and clean, if you have bare areas, at least get some nice inexpensive rocks and a plant or two to fill the space.

Get your mesa real estate sold faster and for more money with the perfect looking and smelling home.

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Top Foreclosure Markets

July26

Since 2007, mesa foreclosures and short sales have littered the real estate market and drove down the price of property and home values. The upside to the down housing market is that homebuyers and investors can find sweet deals in some of the nation’s most sought after cities.

If cities like Milwaukee, Memphis, Baltimore and the Big D interest you, then you’ll find a honey of a home in any of these metro areas. Though the initial listing price may begin at what properties are currently valued, they are often reduced from 26 to 33 percent. The top ten U.S. cities with the listings discounted the most include the following:

* Milwaukee, WI – 33 percent
* Phoenix, AZ – 31 percent
* Mesa, AZ – 31 percent
* Memphis, TN – 31 percent
* Baltimore, MD – 30 percent
* Jacksonville, FL – 30 percent
* Dallas, TX – 29 percent
* Minneapolis, MN – 29 percent
* Tucson, AZ – 27 percent
* Columbus, OH – 26 percent

Falling in the first quarter by 4.3 percent, Milwaukee home values continue to lose ground, but the number of home listings is huge. In fact, Milwaukee has the most real estate listings of any city in the state. As of April 2010, the average home in Milwaukee was valued at $144,609, which is making buying real estate in this city much more affordable. Add to it a 31 percent reduction on the listing, and you could buy a home there for only $99,780.

Phoenix was on a top ten list in 2008 for being one of the cities hardest hit by the real estate bust. In the first quarter of 2009, property values were still going down, tumbling by almost 20 percent. Economists predict that the city has a looming shadow inventory getting ready to hit the market soon and will drive values down even further. Standard & Poor’s Case Schiller Study showed Mesa home values were on the ever-so-slight rise by last quarter 2009 and into first quarter of 2010. As of April, the average estimated value of Mesa homes is around $133,664.

According to the most recent Clear Capitol market report, the River City was noted with the most sales in the nation of foreclosed property by lenders in the first quarter of 2010. It resulted in an 18.1 percent drop in Memphis home values from year-end 2009. Baltimore and Jacksonville tie for having a 30 percent reduction in the listing price. The median listing prices are $250,000 and $189,900, respectively.

In earlier 2010, mesa foreclosures were still climbing in Dallas; although, at a slower pace than in the recent past. By May, foreclosure filings dropped for the second straight month. That’s good news for Dallas real estate value and could indicate the beginning of a recovery. Minneapolis showed a 24.7 decrease in inventory compared to the same time in mid-April 2009. It looks like the housing market in the Twin City might be leveling out, since new listings are still on the decline. What that means for buyers is that home listing prices could soon be on the rise, so now would be the time to buy.

Median home values for mesa foreclosures continue to decline and currently sit at around $192,000. That’s almost a 4 percent drop since January 2010. Housing inventory is about the same as it was this time the previous year. Columbus appears to be leveling out somewhat in median home values staying steady at $159,900 since the beginning of year. That’s still a decline of 5.9 percent from the same time last year, but the inventory is decreasing, so these may be indicators that the market is beginning to level off. The dream of buying a quality, affordable home has become much more attainable. Falling home values, along with reductions in listing prices, lowers the cost to a more manageable price point.

Meanwhile, there are four other markets that did not experience a decline in home values in 2010 that were among those hardest hit nationwide by the housing bust. San Diego and Detroit both showed an increase, along with Los Angeles and San Diego. These cities, along with previously mentioned Phoenix, are now at the top of the list for cities recovering in the housing market.

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Using Price-Per-Square-Foot To Compare Homes When Buying Or Looking Is Just Plain Wrong

July26

I target Canton Ga homes for sale and in my market, time after time when I first work with a buyer there always seems to be a list in hand that shows price-per-square-foot. The buyers take the prices on sold homes and then divide the sold price by a home’s square footage to arrive at the price-per-square-foot. Using that means to compare homes when house looking just doesn’t make sense I tell them.

Here is the reason why…

A quick example: house #1 sold for $100,000 with a square footage of 1500. Next you have house 2 that sold for $120,000 and also a square footage of 1500. That is a $20,000 difference, yet both homes had the same exact square footage.

Using the example above, the buyer calculated a $67 square foot price for house #1. He calculates again to derive an $80 price per square foot for house #2. Both calculations are correct only the buyer has unknowingly neglected to take other important factors into play.

When using only the price per square foot as a guide, one fails to consider important factors that determine the home’s true value. One home may have a 2-car garage while the other has a 3 car-garage. That alone could mean a difference in value of up to $5,000 in a formal appraisal.

One home has a tiny yard, the other a gigantic lot. One home may be fully landscaped, while another home has a plain dirt yard. A home has a tile roof, while another has comp shingle. A home may have expensive hardwood flooring throughout, while other homes has bare basic carpet. Better yet, home #1 has a beautiful mountain view looking out from the back yard, while home #2 has a cement wall and a noisy shopping center looking into its back yard.

The number of bedrooms and baths are also an important factor. You can have the same square footage in two homes, but if one home has an extra bedroom for example, it could increase the value of that home another $4,000 over the home with fewer bedrooms.

Although a real estate broker is not normally a licensed appraiser, you can still look at the differences when comparing homes and pencil in adjustments to the prices on homes sold, or even to homes the buyer may be looking at and considering making an offer on. This will help guide you into making a justified offer price, and present a level of comfort when doing so.

Maria Mekus Canton Ga Homes – About the Author:
Maria Mekus – Canton Georgia Real Estate Expert
Maria Mekus is a professional real estate REALTOR with RE/MAX Town & Country, Canton, Georgia.
Maria’s track record as a successful agent is well-documented. Consistently one of the top RE/MAX agents in North America but it wasn’t until 14 months into her real estate career that Maria took a quantum leap. She realized it was impossible to excel as one agent. So Maria feverously began designing her own plan, taking each part of the real estate transaction and systemizing it. Next she hired a team.
Did it pay off?
Within 11 months Maria had gone from 1 transaction a month to 122 transactions a year. Her name became well known in the community, and her expertise was in demand by area homesellers.
She now has a beautiful little boy, a wonderful husband, and has gained the freedom to really live her live. She is also able to focus some of her attention to what she loves best which is teaching and helping other agents so they can be as successful.
Find out more about Canton Ga real estate today.
“I can help you change your approach to the real estate business”
I can be reached at maria@mekus.com …..MARIA MEKUS

Please visit Price Per Square Foot to Finish a Basement to learn more.

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