If you’re considering selling your house, timing is crucial. You want to list your home at a time when it will receive the most attention and interest from potential buyers. If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching.

Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year:

“Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.”

If you’ve been waiting for the best time to sell, this is your chance. But remember, before you put your house on the market, you’ve got to get it ready. And if you haven’t started that process yet, you’ll need to move quickly. Here’s what you should keep in mind.

Work with an Agent To Determine Which Updates To Make

Start by prioritizing which updates you’ll make. In February, realtor.com asked more than 1,200 recent or potential home sellers what updates they ended up making to their house before listing it (see graph below):

As you can see, the most common answers included landscaping and painting. Work with a trusted real estate agent to determine what projects make the most sense for your goals and local market.

If Possible, Plan To Have Your House Staged

Once you’ve made any necessary repairs and updates to your house, consider having it staged. According to the National Association of Realtors (NAR), 82% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home. Additionally, almost half of buyers’ agents said home staging had an effect on most buyers’ view of the home in general. Homes that are staged typically sell faster and for a higher price because they help potential buyers more easily picture their new life in the house.

Key Advantages for Sellers to Consider When Listing Their Home During Spring

These are several advantageous factors for sellers looking to list their homes, including spring weather and the availability of tax refunds. These reasons contribute to why the upcoming week is an optimal time to put your home on the market.

1. Spring is in full swing

April is typically when spring is in full swing across most of the country. The weather is getting warmer, the trees and flowers are blooming, and people are starting to spend more time outside. This means that more buyers will be out and about, searching for their next home. By listing your home in April, you’re taking advantage of this increased activity and maximizing your exposure to potential buyers.

While you’ll have more options for your own home search, inventory is still low, and that means your home will still be in demand if you price it right. That’s why the most recent data from NAR also shows the average home sold in July still saw multiple offers and sold in as little as 14 days.

2. Tax refunds are coming in

Many people receive their tax refunds in April, which can provide them with a little extra money to put towards a down payment or closing costs. This can be a powerful incentive for buyers who have been on the fence about purchasing a home. By listing your home in April, you’re capitalizing on this influx of cash and making it easier for buyers to make a move.

3. School is wrapping up

For families with school-age children, the end of the school year is just around the corner in April. This means that parents who are looking to move before the next school year starts will be actively searching for a new home. By listing your home in April, you’re ensuring that it’s available to these families at the exact time they need it.

4. Competition is still relatively low

While spring is a popular time to list a home, many sellers wait until May or June to put their homes on the market. This means that in April, you’ll have less competition from other sellers, giving you a better chance of standing out and getting your home sold quickly.

 By taking advantage of the increased activity and incentives of the spring season, you can maximize your exposure to potential buyers and increase your chances of selling your home quickly and for a good price.

Bottom Line

If you’re considering selling your home this spring, it’s important to start preparing as soon as possible. Begin by making a checklist of what your house needs to get ready for the market and work with a trusted real estate professional to prioritize and execute your plan of action.

Contact me today to get started and take advantage of my expertise and experience to help you achieve your real estate goals. Together, we can prioritize your goals and create a personalized plan to ensure a successful sale of your home this spring.

Article Source: www.keepingcurrentmatters.com

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A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.

1. Houses That Are Priced Right Are Still Selling

Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillowsays:

“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”

The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist at realtor.comexplains:

“With a smaller pool of buyers today and more competition from other homes on the market, homesellers will likely need to adjust their price expectations in the market this spring.”

While this spring housing market is different than last year’s, sellers with proper expectations who lean on a real estate expert for the best advice on pricing their house well are still finding success. And that’s great news if you’re thinking about selling.

2. Buyers Are Still Out There

As mortgage rates have risen and remain volatile, some buyers have pressed pause on their plans. But there are still plenty of reasons people are buying homes today. Lisa Sturtevant, Chief Economist at Bright MLSspells out the mindset of today’s buyers:

“For some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall. For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months.”

That’s why, if you’re interested in selling your house this spring, it’s helpful to work with a real estate agent who can help connect you with those buyers who are ready to purchase a home.

Here are some tips on how to prepare your home for a successful spring sale:

1. Declutter and deep clean

The first step in preparing your home for a successful sale is to declutter and deep clean your home. Remove any unnecessary items from your home, and clean all surfaces thoroughly. A clean and decluttered home will help potential buyers see the potential of your home.

2. Make small repairs

Before you put your home on the market, take care of any small repairs that need to be done. Fix any leaky faucets, patch any holes in the walls, and replace any burnt-out light bulbs. These small repairs will help your home look well-maintained and move-in ready.

3. Stage your home

Staging your home can make a big difference in how potential buyers view your home. You don’t have to hire a professional stager to stage your home, but you should consider rearranging your furniture to make your rooms appear more spacious. Additionally, add some decorative touches to make your home feel warm and inviting.

4. Improve curb appeal

First impressions are essential, so make sure that your home’s exterior looks its best. Clean your home’s exterior, trim any overgrown bushes or trees, and add some potted plants or flowers to your front porch. A well-maintained exterior will entice potential buyers to come inside.

5. Hire a real estate agent

Finally, when you’re ready to sell your home, hire a reputable real estate agent. A good agent will help you price your home correctly, market your home effectively, and negotiate with potential buyers. They will also handle all of the paperwork and legalities involved in selling your home.

Bottom Line

There are still clear opportunities for sellers this spring. If you’re wondering if it’s the right time to make a move, connect with me today.

Article Source: www.keepingcurrentmatters.com

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Are you looking to purchase a home this spring? With the real estate market still favoring sellers, it’s important to be strategic when it comes to making an offer. Buying a home is a significant investment, and you want to ensure that you are getting the best value for your money. By following these tips, you can increase your chances of having your offer accepted and securing the home of your dreams.

1. Lean on a Real Estate Professional

Rely on an agent who can support your goals. As Bankrate notes:

“. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.”

Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out.

2. Know Your Budget

Understanding your budget is especially important right now. As Sandy Higgins, Senior Wealth Advisor at Capstone Financial Advisorsputs it:

“Understand your current budget … what are your expenses, how’s your spending, would you need to make changes?”

The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. It helps you be more financially confident, and it shows sellers you’re serious. That can give you a competitive edge.

3. Think Through Everything Before Making an Offer

Today’s market isn’t moving at the record pace it did during the pandemic. That means you may have a bit more time to think before you need to make an offer. According to Danielle Hale, Chief Economist at realtor.com:

“In general, you likely have more time to make an offer, although that’s certainly not a guarantee. If you’re on the fence about a home or its asking price doesn’t quite fit your budget, you might want to keep an eye on it, and if it doesn’t sell right away, you may have some room to negotiate with the seller.”

While it’s still important to stay on top of the market and be prepared to move quickly, there can be more flexibility today. Lean on the advice of your agent as you explore the options in your market.

4. Work with Your Advisor To Negotiate

During the pandemic, some buyers skipped home inspections or didn’t ask for concessions from the seller in order to submit the winning bid on a home. Fortunately, today’s market is different, and you may have more negotiating power than before. When putting together an offer, your trusted real estate advisor will help you think through what levers to pull.

Bottom Line

When it comes to making an offer on a home, it’s crucial to be strategic and well-informed. By working with a trusted real estate advisor, you can gain valuable insights into the local market, the home’s value, and the seller’s situation. I can help you come up with a competitive offer that reflects the home’s true value while also keeping your budget in mind. With my expertise and guidance, you can increase your chances of having your offer accepted and securing your dream home. So, when you’re ready to make your move, be sure to connect with me to help you make your best offer.

Article Source: www.keepingcurrentmatters.com

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Buyers Strategy

Get Educated

I can help you find a strong buyer strategy that fits your goals. If you consider buying a property in the next 1-2 years, you need to download our free buyer guide! 

Get informed with our buyer guide to understanding the best buyer strategies to get started.

As the weather starts to warm up, the spring selling season is just around the corner. If you’re planning to sell your home, it’s important to start preparing now to ensure that your home is in top shape and ready to attract potential buyers. From cleaning and decluttering to making necessary repairs and investing in professional staging, here are several steps you can take to make your home more appealing and competitive in the market.

Benefits of a Clean Home When Selling

When it comes to selling your home, one of the most important things you can do is ensure that it’s clean and well-maintained. A clean home can make a positive first impression on potential buyers, highlight the home’s features, and even potentially lead to a higher sale price.

A clean home can help create a positive first impression for potential buyers. When a buyer walks into a clean and tidy home, they’re more likely to feel welcomed and impressed. On the other hand, a dirty or cluttered home can turn buyers off and make them less likely to make an offer.

Finally, a clean home can potentially lead to a higher sale price. When a home is well-maintained and in good condition, buyers may be willing to pay more for it. In fact, a study by the National Association of Realtors found that a deep cleaning can add an average of $1,700 to the sale price of a home.

Tips for Deep Cleaning Your Home

To deep clean your home, it’s important to create a cleaning schedule and tackle one room at a time. Start by decluttering and removing any items that you no longer need or want. Then, focus on high-traffic areas such as the living room, kitchen, and bathrooms. Clean carpets and floors, and make sure appliances and fixtures are spotless. Don’t forget to pay attention to small details such as baseboards, light fixtures, and windows. You can increase your chances of making a positive first impression, highlighting your home’s features, and potentially even getting a higher sale price.

Decluttering and Depersonalizing

Decluttering involves removing any unnecessary items from your home, while depersonalizing involves removing personal touches such as family photos or personalized decor. While it may seem daunting to remove items that are important to you, there are several reasons why decluttering and depersonalizing is important.

Decluttering and depersonalizing is important when it comes to selling your home. By removing excess clutter and personal items, you can create a space that’s more appealing to potential buyers and highlights the home’s features.

Repairs and Improvements

Making repairs can increase the value of your home and make it more attractive to potential buyers. Minor repairs, such as fixing leaky faucets or replacing broken tiles, can make a big difference in the overall appeal of your home.

In addition to increasing the value of your home, making repairs can also prevent potential buyers from being scared off by any major issues that may arise during a home inspection. By taking care of repairs ahead of time, you can ensure that your home is in the best possible condition before it goes on the market.

Enhancing curb appeal

The exterior of your home is the first thing that potential buyers will see, so it’s important to make a good impression. Enhancing your home’s curb appeal can make a big difference in attracting potential buyers and making your home stand out from the rest. Here are a few tips for enhancing curb appeal:

● Keep the lawn and landscaping well-maintained: A well-manicured lawn and tidy landscaping can make a big difference in your home’s appearance. Regularly mowing the lawn, trimming hedges, and planting colorful flowers can create a welcoming and attractive exterior.

● Make necessary repairs: Peeling paint, cracked sidewalks, and broken gutters can detract from your home’s curb appeal. Taking care of necessary repairs can help ensure that your home looks its best.

● Add outdoor lighting: Outdoor lighting can add both functionality and aesthetics to your home’s exterior. Consider adding solar-powered lights along walkways or installing outdoor sconces to highlight your home’s architectural features.

● Upgrade your front door: Your front door is the focal point of your home’s exterior, so it’s important to make it look its best. Consider painting your front door a bold color, installing new hardware, or even replacing the door altogether.

● Add decorative accents: Adding decorative accents, such as a wreath on the front door or potted plants on the porch, can add personality and charm to your home’s exterior.

By following these tips, you can enhance your home’s curb appeal and make a great first impression on potential buyers.

Staging Your Home

Staging can help set your home apart from the competition. In a crowded real estate market, it’s important to make your home stand out from the rest. By investing in staging, you can create a unique and memorable experience for potential buyers and increase your chances of receiving offers quickly.

Overall, staging is an important part of selling a home. By creating an inviting and appealing atmosphere, staging can help potential buyers envision themselves living in the space and can make your home more competitive in the market.

Bottom Line

Preparing your home for the spring selling season can make a big difference in attracting potential buyers and securing a successful sale. By following these tips, you can ensure that your home is in top shape and ready to make a great first impression. From cleaning and decluttering to making necessary repairs and investing in professional staging, each step plays an important role in creating an inviting and appealing atmosphere for potential buyers. So, take the time to prepare your home for the spring selling season and increase your chances of a successful sale. Good luck!

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According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable.

However, it’s unlikely all 28 million Americans will accomplish that goal in the coming year. Experts project a total of around five million homes will be sold in 2023. Why is there such a big difference? It’s partly because there can be challenges to buying a home.

In the same survey, when asked, “Which of the following are preventing you from pursuing homeownership at this time?”:

● 34% answered, “I don’t have enough saved for a down payment

● 30% answered, “My credit score

If you’re aiming to buy a home, here’s what you need to know to accomplish that goal.

Save for Your Down Payment

Your down payment is a big chunk of what you pay up front for your home. For most home purchases, buyers put down some amount of cash up front (a down payment) and then take out a loan (a mortgage) to pay for the rest.

It’s a longstanding myth that you need to pay 20% of the purchase price for your down payment. In reality, 20% down isn’t always required. In fact, according to the National Association of Realtors (NAR), today’s median down payment is 14% for the average buyer and just 6% for a first-time buyer.

Regardless of how much money you can save for your down payment, know there’s help available. A local lender can show you options to help you get closer to your down payment goal. Plus, there are even loan types, like FHA loans, with down payments as low as 3.5% for some buyers, as well as options like VA loans and USDA loans with no down payment requirements for qualified applicants.

Beyond assistance programs and different loan types, here are a few other tips to help you as you save for your down payment:

● Remember to factor in closing costs. In addition to your down payment, closing costs are usually 2-5% of the home’s purchase price.

● Maintain your savings. Your down payment shouldn’t deplete all your savings. It’s important to still have some money set aside for homeownership expenses after you move in.

● Explore your options and lean on your trusted advisor for expert guidance. Do your research, ask questions, and look into the resources available for buyers like you.

Improve Your Credit Score

Your credit score is a number that indicates how financially reliable you are to lenders. A higher credit score usually means you’ll be able to borrow more money at a better interest rate. If your credit score is preventing you from getting an affordable mortgage, there are steps you can take to improve it. Here are two:

• Pay your bills on time. When you pay your bills on time, your credit score improves. When you’re late, it takes a hit. One way to make paying your bills on time easier? Set up automatic payments when and where you can.

• Mix it up. From auto loans, to credit cards, to mortgages – there are several different types of credit. And having a mix of them improves your credit score.

Bottom Line

Now that you know the steps to take in order to make your dream of homeownership a reality, it’s time to take action. Reach out to me today and together we can create a team of knowledgeable professionals that will assist you throughout your homebuying journey. With the right team in place, you’ll be able to confidently make the purchase of a lifetime while staying within your budget and timeline. Don’t wait any longer – take the first step now and make your dreams of homeownership come true.

Article Source: www.keepingcurrentmatters.com

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Buyers Strategy

Get Educated

I can help you find a strong buyer strategy that fits your goals. If you consider buying a property in the next 1-2 years, you need to download our free buyer guide! 

Get informed with our buyer guide to understanding the best buyer strategies to get started.

To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market for a while, that’s a sign it may not be hitting the mark for potential buyers. But here’s the thing. Right now, homes that are updated and priced at market value are still selling fast.

Today, homes with curb appeal that are presented well are still selling quickly, and sometimes over asking price. According to Danielle Hale, Chief Economist at realtor.com:

“In a market where costs are still high and buyers can be a little choosier, it makes sense they’re going to really zero in on the homes that are the most appealing.”

With the spring buying season just around the corner, now’s the time to start getting your house ready to sell. And the best way to determine where to spend your time and money is to work with a trusted real estate agent who can help you understand which improvements are most valuable in your local market.

Curb Appeal Wins

One way to prioritize updates that could bring a good return on your investment is to find smaller projects you can do yourself. Little updates that boost your curb appeal usually work well. Investopedia puts it this way:

“Curb-appeal projects make the property look good as soon as prospective buyers arrive. While these projects may not add a considerable amount of monetary value, they will help your home sell faster—and you can do a lot of the work yourself to save money and time.”

Small cosmetic updates, like refreshing some paint and power washing the exterior of your home, create a great first impression for buyers and help it stand out. Work with a real estate professional to find the low-cost projects you can tackle around your house that will appeal to buyers in your area.

Not All Updates Are Created Equal

When deciding what you need to do to your house before selling it, remember you’re making these repairs and updates for someone else. Prioritize projects that will help you sell faster or for more money over things that appeal to you as a homeowner.

The 2022 Remodeling Impact Report from the National Association of Realtors (NAR) highlights popular home improvements and what sort of return they bring for the investment (see graph below):

Remember to lean on your trusted real estate advisor for the best advice on the updates you should invest in. They’ll know what local buyers are looking for and have the latest insights of what your house needs to sell quickly this spring.

Bottom Line

Now is the time to take action and get your house ready for sale. The real estate market is heating up and buyers are looking for homes that meet their needs. Don’t miss out on this opportunity to sell your home. Connect me today. I can provide you with expert guidance on which updates will have the biggest impact on your home’s curb appeal. You can make sure your home is ready to sell when the time comes.

Article Source: www.keepingcurrentmatters.com

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Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are and how much you should budget for.

What Are Closing Costs?

People are sometimes surprised by closing costs because they don’t know what they are. According to Bankrate:

“Closing costs are the fees and expenses you must pay before becoming the legal owner of a house, condo or townhome . . . Closing costs vary depending on the purchase price of the home and how it’s being financed . . .”

In other words, your closing costs are a collection of fees and payments involved with your transaction. According to Freddie Mac, while they can vary by location and situation, closing costs typically include:

  • Government recording costs
  • Appraisal fees
  • Credit report fees
  • Lender origination fees
  • Title services
  • Tax service fees
  • Survey fees
  • Attorney fees
  • Underwriting Fees

How Much Will You Need To Budget for Closing Costs?

Understanding what closing costs include is important, but knowing what you’ll need to budget to cover them is critical, too. According to the Freddie Mac article mentioned above, the costs to close are typically between 2% and 5% of the total purchase price of your home. With that in mind, here’s how you can get an idea of what you’ll need to cover your closing costs.

Let’s say you find a home you want to purchase for the median price of $366,900. Based on the 2-5% Freddie Mac estimate, your closing fees could be between roughly $7,500 and $18,500.

Keep in mind, if you’re in the market for a home above or below this price range, your closing costs will be higher or lower.

What’s the Best Way To Make Sure You’re Prepared at Closing Time?

Freddie Mac provides great advice for homebuyers, saying:

“As you start your homebuying journey, take the time to get a sense of all costs involved – from your down payment to closing costs.”

Work with a team of trusted real estate professionals to understand exactly how much you’ll need to budget for closing costs. An agent can help connect you with a lender, and together your expert team can answer any questions you might have.

From there, you can start browsing for houses online and see what’s available in your area in that general price point. This can help you really understand your options so you can start to picture your future home.

Bottom Line

Closing costs can seem intimidating, but don’t let them stand in the way of your dream of home ownership. Working with a local real estate professional to plan ahead and prepare for the fees and payments associated with closing can help make the process easier. So, if you’re ready to start house hunting, be sure to keep this important information in mind.

Article Source: www.keepingcurrentmatters.com

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Buyers Strategy

Get Educated

I can help you find a strong buyer strategy that fits your goals. If you consider buying a property in the next 1-2 years, you need to download our free buyer guide! 

Get informed with our buyer guide to understanding the best buyer strategies to get started.

Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.

Today, 93% of outstanding mortgages have a rate at or below 6%. That means a strong majority of homeowners with mortgages have a rate below what they’d get if they moved right now. But if you’re a homeowner in that position, remember that mortgage rates aren’t the only thing to consider when making a move. Your mortgage rate is important, but there are plenty of reasons you may still need or want to move. RealTrends explains:

“Sellers who don’t have to move won’t be moving. The most common sellers will be: Homeowners downsizing . . . people moving to get more space, [households] looking for better schools…etc.”

So, if you’re on the fence about selling your house, consider the other reasons homeowners are choosing to make a move. A recent report from the National Association of Realtors (NAR) breaks down why homeowners have decided to sell over the past year:

As the visual shows, the most commonly cited reasons for selling were the desire to move closer to loved ones, followed by moving due to retirement, and their neighborhood becoming less desirable. Additionally, the need for more space factored in, as did a change in household structure.

If you also find yourself wanting a change in location or needing space your current house just can’t provide, it may be time to sell.

What you want and need in a home can be reason enough to move. To find out what’s right for you, work with a trusted real estate professional who will offer advice and expert guidance throughout the process. They’ll be able to lay out all your options – giving you what you need to make a confident decision.

Bottom Line

When deciding whether or not to move, you have a lot to consider. There are plenty of non-financial reasons to factor in. Connect with me today I can help you weigh the benefits of selling your house.

Article Source: www.keepingcurrentmatters.com

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There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

In today’s market, it makes sense to explore all your options. That includes both homes that have been lived in before as well as newly built ones. To help you decide which is right for you, let’s compare the benefits of each. Regardless of which option you choose to explore, working with a trusted real estate professional throughout the process is essential.

The Benefits of Newly Built Homes

First, let’s look at the benefits of purchasing a newly constructed home. With a brand-new house, you’ll be able to:

1. Build your dream home

If you build a home from the ground up, you’ll have the option to select the custom features you want, including appliances, finishes, landscaping, layout, and more. Bankrate puts it like this:

“Building means customizing. . . . instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, you’ll be able to tailor the property to your exact needs. You also won’t be limited to a specific location or neighborhood.”

2. Take advantage of builder concessions

In today’s market, a lot of home builders are working hard to sell their current inventory before they add more to their mix. That means many of them are offering concessions and are more willing to negotiate with buyers. That could work to your advantage in the process.

3. Minimize home repairs

Many builders offer a warranty, so you’ll have peace of mind on unlikely repairs. Plus, you won’t have as many little improvement projects to tackle. As realtor.com says:

“. . . if something goes wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties . . .”

4. Take advantage of energy efficiency

When building a home, you can choose brand-new, energy-efficient options to help lower your utility costs, protect the environment, and reduce your carbon footprint.

The Benefits of Existing Homes

Now, let’s compare those to the perks that come with buying an existing home. With a pre-existing home, you can:

1. Explore a wider variety of home styles and floorplans

With decades of homes to choose from, you’ll have a broader range of floorplans and designs available.

2. Appreciate that lived-in charm

The character of older homes is hard to reproduce. If you value timeless craftsmanship or design elements, you may prefer an existing home.

3. Join an established neighborhood

Existing homes give you the option to get to know the neighborhood, community, or traffic patterns before you commit. Plus, they have more developed landscaping and trees, which can give you additional privacy and curb appeal.

4. Move in faster

If you have a short timeframe to move or you just don’t want the process to take several months while your home is under construction, buying an existing home might make sense for you. U.S. News explains:

“When you’re choosing a home, existing or new, you should also consider how long it might take to move into that home. Just because you have a contract doesn’t mean that your new home will be completed (or even started) at the time you agree to the purchase. It can be a struggle waiting for the walls to go up as you wonder what your home will become.”

When thinking about where you’ll go after you sell your house, remember your options. As you start your search, think about what’s most important to you. By working with a trusted real estate agent, you can be confident you’re making the most educated, informed decision.

Bottom Line

If you have questions about the options in your area, connect with me to discuss what’s available and what’s right for you.

Article Source: www.keepingcurrentmatters.com

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A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one.

A great way to ease some of those emotions and ensure you’re feeling confident in your decision is to keep these three best practices in mind.

1. Price Your Home Right

The housing market shifted in 2022 as mortgage rates rose, buyer demand eased, and the number of homes for sale grew. As a seller, you’ll want to recognize things are different now and price your house appropriately based on where the market is today. Greg McBride, Chief Financial Analyst at Bankrateexplains:

“Price your home realistically. This isn’t the housing market of April or May, so buyer traffic will be substantially slower, but appropriately priced homes are still selling quickly.”

If you price your house too high, you run the risk of deterring buyers. And if you go too low, you’re leaving money on the table. An experienced real estate agent can help determine what your ideal asking price should be.

2. Keep Your Emotions in Check

Today, homeowners are living in their houses longer. According to the National Association of Realtors (NAR), since 1985, the average time a homeowner has owned their home has increased from 5 to 10 years (see graph below):

This is several years longer than what used to be the historical norm. The side effect, however, is when you stay in one place for so long, you may get even more emotionally attached to your space. If it’s the first home you bought or the house where your loved ones grew up, it very likely means something extra special to you. Every room has memories, and it’s hard to detach from the sentimental value.

For some homeowners, that makes it even harder to negotiate and separate the emotional value of the house from fair market price. That’s why you need a real estate professional to help you with the negotiations along the way.

3. Stage Your Home Properly

While you may love your decor and how you’ve customized your home over the years, not all buyers will feel the same way about your design. That’s why it’s so important to make sure you focus on your home’s first impression so it appeals to as many buyers as possible. As NAR says:

“Staging is the art of preparing a home to appeal to the greatest number of potential buyers in your market. The right arrangements can move you into a higher price-point and help buyers fall in love the moment they walk through the door.”

Buyers want to envision themselves in the space so it truly feels like it could be their own. They need to see themselves inside with their furniture and keepsakes – not your pictures and decorations. A real estate professional can help you with tips to get your house ready to sell.

Bottom Line

If you’re considering selling your house, reach out to me to help you navigate through the process while prioritizing these best practices.

Article Source: www.keepingcurrentmatters.com

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