6 Tips Before Selling Your Home
Get Creative in Your Yard
Choosing the right material for landscaping is just as important as choosing the right house. Made from natural stone, slate pavers come in a variety of color options, and they can be broken to fit unique areas and different designs. This particular sideyard invites you along a path to a lovely patio.
How Does the Supply of Homes for Sale Impact Buyer Demand?
Even as peak season fades, low inventory continues to drive buyer demand in Oregon. SELLERS have less competition, so price it right while demand is higher. BUYERS be prepared to MOVE on well-priced properties with a strong offer strategy.
The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.
Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Learn more…
Are Home Prices Softening or Are They Falling?
Market prices are beginning to balance, not FALL. We’ve gotten used to the pace of price increases and now they’re showing signs of slowing down. Listing prices will have to follow suit to be in line with the current market.
We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values.
Many of these headline writers will confuse “softening home prices” with “falling home prices,” but there is a major difference between the two. Learn more…
Where Are Mortgage Interest Rates Headed In 2019?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.
Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next year. Learn more…
How to Prepare Your Home for Sale
- PAINT: Easiest way to freshen the look and update. Neutral colors attract more buyers.
- LET FRESH AIR IN: Get rid of strong odors like tobacco, pets, or food and add fresh flowers or bake cookies.
- CLEAN EVERYTHING: Cleanliness signals a well-cared for home vs. messy/dirty allows more focus on flaws.
- FIX ANYTHING BROKEN: Don’t give a buyer a reason to make a lower offer. Fix known issues to present a well-cared for home.
- LET THE LIGHT SHINE IN: Make the space more inviting with open blinds or curtains and brighter light bulbs.
- DECLUTTER BEFORE SHOWING: Have a garage sale and clear counter tops. The less distraction, the more a buyer can see themselves in your home.
- REMOVE PETS FOR SHOWINGS: Avoid allergy issues and distracting interaction with your pets.