5 DIY Ways to Stage Your Home’s Exterior for Winter Home Selling

Winter can be a tough time of year to sell your home, particularly in areas that see colder or inclement weather. The biggest issue that homeowners face in attempting to sell at this time of year, is the curb appeal; with piles of snow and no leaves on the trees, it can be hard to show your home in its best light.

There are ways that you can help to improve your home’s appearance, however, no matter what time of year you put it on the market. These 5 DIY tips for staging your home’s exterior for winter selling will help you make that crucial first impression that buyers are looking for.

Get the Snow Off

Buyers want to see the condition of your home, including areas like the porch, outdoor deck, and roof, which may all be areas where the snow collects during the winter months. Keeping these areas free of snow and ice means that buyers can get a better sense of what your home really looks like. It also means that they can get a better idea of things like your roofing shingles and their condition.

Removing snow from these areas also has the added benefit of making your home appear well maintained. You want to remove snow any way to help protect your roof from leaks and ice dams; by taking the snow off before a showing, you let buyers know the home is being cared for.

Add Some Greenery

During the summer months, your yard and landscaping are in full bloom and can help improve your curb appeal. During the winter months, however, when everything is brown or leafless, this can have the opposite effect of what you want from buyer’s first impressions.

Purchase some greenery in urns to place around your front door and walkway. Evergreen plants in large tubs that can be brought out for a showing can help recreate the effect of well-maintained landscaping. Anywhere your home or yard looks a little barren at this time of year is a great place to add some greens to help brighten things up.

Add Exterior Lights

The days are shorter during the winter months, which means that buyers arriving in the late afternoon or evening to view your home may not see it in the best light. Add some solar lights to the walkway leading up to your house, and consider swapping out the bulbs in any sconces you have next to the door for full spectrum lights.

Full spectrum lights will help ensure your house siding color looks more the way that it does when the sun is hitting it, which can help buyers get a better idea of what your home will look like in other times of year. If you don’t have lights currently installed, consider adding temporary solar lights that will turn on when people walk by to illuminate the front of your home more effectively.

Brighten Up Your Front Door

While the winter months aren’t the best time to give a new coat of paint to your house siding, it’s not a bad idea to freshen up your front door color. A bright, cheerful front door can go a long way toward making your home look more inviting, no matter how cold or dismal the weather is.

Look for a house color that’s a little bolder than you would ordinarily choose, as you want it to show up even in the poor light of winter. Reds, turquoise blue, and even orange are good colors to paint your front door in the winter months.

Take Down the Holiday Decorations

Many people assume that leaving up decorations from late fall or the winter holidays will help make the home more lived in and therefore more appealing. Surprisingly though, many buyers don’t want to see these things; they want to envision what the house will look like when they move in. While it’s fine to have a wreath hanging on the door in December, make sure that come January the house is free of lights and garlands to ensure that buyers aren’t put off.

Get Your Home Ready for Sale

It doesn’t take much to get your home looking its best even in the winter months. Follow these tips to help improve your home’s exterior and get the quick sale you’re after, even in the colder months of the year.

 

Posted by HomeZada

Ready to sell? Visit our website today, and let one of our agents help you get started!

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7 Reasons to List Your Home This Holiday Season

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

Here are seven great reasons not to wait:

  1. Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to the times you want it shown. You will remain in control.
  4. Homes show better when decorated for the holidays.
  5. There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year:

  1. The desire to own a home doesn’t stop when the holidays come. Buyers who were unable to find their dream home during the busy spring and summer months are still searching!
  2. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge reaching new heights in 2018, which will lessen the demand for your house.

Bottom Line

Waiting until after the holidays to sell your home probably doesn’t make sense.

 

Posted by The KCM Crew

Ready to sell? Visit our website to find your home’s value, meet our agents and more!

Low Inventory Causes Home Prices to Maintain Fast Growth

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros.

Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report:

“Unfortunately, the pace of new listings were unable to replace what was quickly sold. Home shoppers had little to choose from, and many had to outbid others in order to close on a home. The end result was a slowdown in sales from earlier in the year, steadfast price growth and weakening affordability conditions.”

What this means to sellers

Rising prices are a homeowner’s best friend. As reported by the Washington Post in a recent article post:

“The rise in median sales prices has made current homeowners much more willing to sell their home, and that willingness is one of the main drivers behind the inventory that does make it on to the market. While it hasn’t been enough to meet demand, it has made the situation much better, compared with even three or four years ago.”

What this means to buyers

In a market where prices are rising, buyers should take into account the cost of waiting. Obviously, they will pay more for the same house later this year or next year. However, as Construction Dive reported, the amount of cash needed to purchase that home will also increase.

“These factors have created a situation where the market keeps moving the goalposts in terms of the down payment necessary for first-time homebuyers to get into a home.”

Bottom Line 

If you’re thinking of selling and moving down, waiting might make sense. If you are a first-time buyer or a seller thinking of moving up, waiting probably doesn’t make sense.

 

Posted by The KCM Crew

The Difference an Hour Makes in Real Estate [INFOGRAPHIC]

Every Hour in the US Housing Market: 

  • 624 Homes Sell
  • 347 Homes Regain Positive Equity
  • Median Home Values Go Up $1.13

 

Posted by The KCM Crew

Click HERE to see how much your home can sell for!

The #1 Reason to List Your House, NOW!

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Reportwhich revealed that sales rose 0.7% month-over-month, but remain 1.5% lower than they were a year ago. Some may look at these numbers and think that now is not a good time to sell their house, but in fact, the opposite is true.

The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! The inventory of homes for sale has fallen year-over-year for the last 28 months and has had an upward impact on home prices.

NAR’s Chief Economist Lawrence Yun had this to say,

“Home sales in recent months remain at their lowest level of the year and are unable to break through, despite considerable buyer interest in most parts of the country.

Realtors® this fall continue to say the primary impediments stifling sales growth are the same as they have been all year: not enough listings – especially at the lower end of the market – and fast-rising prices that are straining the budgets of prospective buyers.” (emphasis added)

The houses that are on the market are selling fast, too! According to NAR’s Realtors Confidence Index, the median number of days it took for a house to go from listed to under contract over the past three months was 34.

Bottom Line

If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Let’s get together to discuss the specifics of our market!

Posted by The KCM Crew

How Do I Find a Home Sale Price in My Neighborhood?

 

If you’ve seen some “for sale” signs in your neighborhood slapped with “sold” banners, you may wonder just how much money your own house is worth. Perhaps you’ve been considering selling, or could be convinced to sell if the price was right. But how do you know at which price they were sold?

For starters, you can go to realtor.com®, select the “Just Sold” tab and plug in your ZIP code. A list of homes that recently sold will pop up, along with the prices for which they sold. That’s a start, but it doesn’t give you the big picture you need to know exactly what your home might be worth. That’s where your real estate agent comes in.

“Agents can discuss pricing of other sales or pending sales in our area with other agents to help you estimate home values,” says Michele Lerner, author of “HomebuyingTough Times, First Time, Any Time.” “A [real estate agent] can also provide you with a free comparable market analysis to help you decide if you want to sell your home. And while it’s a great idea to find out about recent home sales in your community, you also should recognize your home may not sell for a similar price.”

Lerner says there are a variety of factors that may make your home sell for a significantly different price than those surrounding it. For example, your home could be in better or worse condition than other homes recently sold, or there may be other factors that influence desirability, such as lot location or even the direction rooms in the house face.

In general, the real estate market changes rapidly, and timing is a large factor in a sale price. Many of the factors of the larger market are out of your hands—mortgage rates, the local economy, the national economy, consumer confidence and the availability of homes for sale all influence a final price.

Rick Snow, a Realtor® with Exit West Realty in El Paso, TX, says when determining comp prices, you have to compare apples to apples.

“I try to find properties within 150 square feet either side of the subject property with similar features,” Snow says. “The number of bedrooms doesn’t really matter because they are all figured into the square footage, but baths, 1/2, 3/4 or full give more value. For example a three-bedroom, two-bath home that is 1,800 square feet would come out the same as a four-bedroom, two-bath home that’s 1,800 square feet, but a three-bedroom, 2 1/2 bath would be worth more.”

Will home improvements help?

If you look through the listings and feel like your house isn’t up to snuff, you may think about remodeling. Before you do, though, you should determine if the cost of remodeling will be worth the amount a renovation will add to your property.  For example, if you remodel your bathroom, it will cost you anywhere from $10,000 to $30,000, and you’ll gain back an average of 66% of the money you spent. Beyond that, however, will the shiny new bathroom be the tipping point for a buyer to select your home over another? You can’t know for sure.

Snow says home improvements can be challenging.

“Homeowners often believe they can recapture money that is spent on improvements dollar for dollar, and that just isn’t the case. Many improvements add marketability but not additional value. Even projects that add value typically don’t bring back a dollar-for-dollar return on investment. The other ‘drawback’ to improvements is personal taste. The things you like and are willing to spend money on to make your home more pleasing to you, I might not like. Then when I am looking at the house, in my mind I’m thinking how much it will cost me to get rid of this or that. Many buyers then base their offer on value minus what it’s going to cost me to make it the way I want it.”

If you are going to make some improvements with the hopes of increasing your home’s value, just be careful not to do too much remodeling.

“Be sure to consider the potential negative consequences of ‘over-improving’ your home for the neighborhood,” Lerner says. “It could be harder to sell your home in the future if it’s much larger or more expensive than the surrounding homes.”

Bottom line: The price houses are going for in your neighborhood definitely provide some insight into how much you might be able to get for yours. Just remember, that there are a lot of factors that go into how much people will pay for a house, and digging deeper will help you get the best picture of what yours may be worth.

Posted by Julie Ryan Evans on realtor.com

Click HERE to find out how much your home is worth!

5 Reasons to Hire a Real Estate Professional When Buying or Selling!

Whether you are buying or selling a home, it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

The 5 reasons you NEED a real estate professional in your corner haven’t changed, but have rather been strengthened by the projections of higher mortgage interest rates & home prices as the market continues to pick up steam.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional is an expert in his or her market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

There are over 180 possible steps that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to make sure that you achieve your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. After looking at the list of parties that you will need to be prepared to negotiate with, you’ll soon realize the value in selecting a real estate professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people who you will need to be knowledgeable of, and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the amount of time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to a study by Collateral Analytics, FSBOs achieve prices significantly lower than those from similar properties sold by real estate agents:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”

Get the most out of your transaction by hiring a professional.

5. Do you know what’s really going on in the market?

There is so much information out there on the news and on the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively and correctly price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a real estate professional?

 

Posted by The KCM Crew

Click HERE to get started with one of our agents!