True or False: It will Cost Me Thousands to Sell My House

The summer market is in full swing and many families are eager to get situated in new homes before the new school year starts. In my area, 83% of homes are selling in 90 days or less and closed sales for my brokerage are up 60%. It is no wonder that people are asking themselves if their current home still meets their needs or if the grass is indeed greener down the street.

One common concern, and a valid question, among sellers is how much will selling my home cost me? What the real questions are how much will I make at closing, and how can I get the most money, right?

Let’s play a little game to see if you know how to increase your bottom line…

TRUE or FALSE If we re-do the kitchen and perhaps the master bathroom, my house will sell faster and for more money.

FALSE…Big remodel projects for the purpose of a sale might help sell your house faster, however you will not be able to recoup all of your expenses for the improvements to make financial sense. A better plan would be a coat of neutral paint where necessary, a thorough cleaning, and freshen up your curb appeal. It really is amazing at what a mowed yard and some fresh mulch can do.

TRUE of FALSE I will make more money by not paying for a Realtor.

FALSE… If you saw a gorgeous Tiffany watch at a garage sale still in the box, even with the tag still attached, would you still pay full price? Probably not, right? You would talk with the seller to strike a deal, and would probably walk away with a pretty sweet deal, wouldn’t you? For Sale By Owner homes are exactly the same.

89% of buyers will purchase their new home with the help of a real estate agent. They work for the best interest of the buyer, not for you. Real Estate agents, on average, will net a seller $41,000 more than you would have selling your house on your own. A good agent will prequalify buyers, negotiate on your behalf, (from contracts, to protecting your asking price, to saving you from spending thousands in unnecessary repairs). In some cases your agent can provide lenders with valuable information to make sure your appraisal comes in at the right price. It is up to you to protect your most expensive asset, do the right thing and leave it to the pros.

TRUE or FALSE Buyers will make me pay for everything.

FALSE…Many sellers fear buyers will throw them a low ball offer and ask for the moon on top. The fact is almost all of the terms of a real estate contract are negotiable. Once you receive the offer it is your turn to play offense. It is entirely acceptable for buyers to ask for some closing costs, a home warranty, a longer inspection period, even choose the closing date. However, just because they ask doesn’t mean they will receive. A good deal is a win/win for everyone. Giving them a few extra days to complete inspections and pushing up the closing date is just one way to save you money by keeping an extra month of mortgage payments and taxes in your pocket. The bottom line is your agent will work to make sure you are comfortable with the deal, or there is no deal.

Your home is your largest asset and misconceptions are often the largest hurdle a homeowner will overcome in preparing to sell. Consulting a trusted professional to help you get started will ease your fears and help you make the transition as easy as possible. An agent with the heart of a teacher, and not a salesman will make sure you are not just another MLS number. It is my honor to walk you through the process so you can get settled into your next chapter.

Happy Selling!
Sara

Do you know someone in the Kansas City area that would like to put my skills to work? Call me at 913-558-2053 or visit http://www.saravanallen.kwrealty.com or find me on Facebook

So How’s the Market?

So How's the Market?

In this ever changing world of real estate, things will sometimes open up a brilliant opportunity that may not be available tomorrow. Today’s lucky penny is the opportunity to “Move Up”, or in other words, sell their current home and move into something bigger. As you can see here, our average prices are lower as are the interest rates. Wouldn’t it be fantastic to buy a bigger home for less money and a lower interest rate now, and then find extra equity next year when the average home price goes up? Food for thought….

If you are thinking about making this market work for you, call me, 913-558-2053. Or follow me on Facebook at http://www.facebook.com/saravanallenrealtor or Twitter @SaraVAHomes.
Happy Moving Up Market!
Sara

How Will You Price My Home?

How Will You Price My Home?

Let’s begin with this simple and true statement:

I am not the one who decides how much your home is worth. The market does.

It is my duty to you to interpret the market which will tell us exactly where to price your property to sell and how to approach the marketing of it. Here are the factors that will affect the value in today’s market:

Price
Pricing your home properly from the start is the deciding factor on how long it will take to sell it. Overpriced properties are the #1 reason a house doesn’t sell. My rule of thumb for correct pricing is 10 days with no showing or 10 showings and no offer, we need to look at our pricing strategy. You don’t want to clean your house for showings over and over again for 6 months, and still not have an offer, do you?

Location, Location, Location
Location is the single most important factor in determining the value of your property.

Condition
The condition of the property affects the price and the speed of the sale. As prospective buyers often make purchases based on emotion, first impressions are important. I’ll be able to help in optimizing the physical appearance of your home to maximize the buyer’s perception of value.

Competition
Prospective buyers are going to compare your property – both the condition and the price – to other listings in and around your neighborhood. Those buyers will determine value based on properties that are listed or have recently sold in the area.

Timing
Property values are affected by the current real estate market. Because we can’t manipulate the market, we’ll collaborate on a pricing and marketing strategy that will take advantage of the first 30 days your property is listed. It’s the window of opportunity when buyers and their agents discover your property and are most likely to visit and make offers.

Are you ready to price your home to sell or know of someone that is? Visit my website at http://www.saravanallen.kwrealty.com or call me, 913-558-2053. Happy home selling!