Buy A House Now or Wait..The Cost of Waiting

This chart is an illustration based  on current market conditions what the difference in costs to buy a home this year 2017 or wait till next year 2018.  This is based solely on what the future trend is expected.

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Selling Your Home – How To Get The Most $$$

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possible.

1. Price it a LITTLE LOW 

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

 

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead have multiple buyers fighting with each other over the house.

Realtor.com gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive. The seller may think they would make more money if they didn’t have to pay a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

A new study by Collateral Analytics, reveals that FSBOs don’t actually save any money, and in some cases may be costing themselves more, by not listing with an agent.

In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:

“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.”

The results of the study showed that the differential in selling prices for FSBOs when compared to MLS sales of similar properties is about 5.5%. Sales in 2017 suggest the average price was near 6% lower for FSBO sales of similar properties.

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.

Source of article: KeepingMattersCurrent.com


San Ramon 3 Bedroom Home For Sale

Want to live in San Ramon? Our newest listing on 9833 Davona Dr. San Ramon is a 3 bedroom, 1700 sq. ft home with many updates.

Home features open floor plan with large vaulted ceiling, bright, formal dining room and TV room (great room?) adjacent to kitchen featuring recessed lighting, new double oven, granite counter tops.

California living extends to the outdoors with newly remodeled back yard including lighting a retractable awning for warmer days, as well as office/storage/playroom with electrical. Side yard is set up for family fruit & vegetable garden with drip system. Additional features include: fresh paint inside and out, ceiling fans in all bedrooms and TV room, crown molding, dual pane windows, newer HVAC, custom storage cabinets in garage, durable laminate flooring, newer driveway and walkway in front, low maintenance yard, plantation shutters most rooms, great for entertaining.

Check out 9833 Davona now for a full description or watch the video tour http://bit.ly/2wbndnH. To see this house call Linda Urbick 925-786-5132.

Home Sellers – Want More Money – Stage Your Home

Another study that suggests staging your home could bring a higher price. If that is the case, then the small investment to stage is well worth the cost.

Fifty-nine percent of real estate professionals say staging a listing contributes to receiving higher offers from buyers, according to the National Association of REALTORS®’ 2017 Profile of Home Staging. Sixty-two percent of agents also say staging “slightly” or “greatly” decreases the time a listing spends on the market.

The amount of money sellers stand to gain from staging their home is significant. Thirty-one percent of practitioners surveyed say that staging a home before listing could lead to a jump in the sale price of five to 10 percent. In other words, a $300,000 home could potentially see a $15,000 to $30,000 price increase. That would easily pay for the cost of the staging, according to NAR’s report.

The majority of buyer’s agents say that staging makes it easier for their clients to visualize the property as their future home. The most important rooms to stage are the living room, master bedroom, and kitchen, according to the study. Thirty-eight percent of listing agents say they suggest all their clients stage their homes.

Source: ReatorMag.com

How’s The Market Linda

“How’s the real estate market?” I get asked this question quite often, because everyone is interested in real estate. My answer “depends on which market you are talking about.”  There are different markets. There is a buyer’s market, seller’s market, investor market and rental market.

Many of the real estate gurus are touting that now is the best real estate market ever. Why? Low interest rates good for buyers. Lots of buyers in the market place and low inventory, good for sellers. Scarcity of good rental properties, good for investors. So perhaps when we look back at this time, we will remember how great it was and that all markets were on the upswing.

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