Buda & Kyle Real Estate BlogRecently posted or modified blog posts in the category - Selling Your Homehttps://www.modernrootsrealtygroup.com/blog/Copyright ModernRootsRealtyGroup.com2024-03-12T15:45:42-07:00tag:modernrootsrealtygroup.com,2012-09-20:24208Why Your Property Is Listed Too Long<img src="https://assets.site-static.com/userfiles/2392/image/March_12_2024_Blog_Cover_-_Why_Your_Property_Is_Listed_Too_Long.jpg" width="1080" height="1080" />
In the competitive real estate market, it can be frustrating to see your property linger on the market without attracting potential buyers. Let's explore some key factors that may contribute to this issue and discuss possible solutions.
Overpricing: Setting an unrealistic price can deter buyers and make your property less attractive compared to others. Research and consult with real estate professionals to determine a fair and competitive price for your property.
Poor Presentation: If your property lacks curb appeal or has unattractive interior spaces, it may struggle to generate interest. Consider staging or making small renovations to enhance its overall appeal. High-quality photographs and a well-written description in your listing can also make a significant difference.
Limited Marketing Exposure: Ensure your property is listed on reputable online platforms and consider leveraging social media to expand your reach. Partnering with an experienced real estate agent with a strong marketing strategy can boost visibility.
Location and Market Conditions: Factors beyond your control, such as location or market conditions, can impact the time it takes to sell your property. Seek insights from local real estate experts to adjust your selling strategy accordingly.
Identifying and addressing factors like overpricing, poor presentation, and limited marketing exposure, and considering the impact of location and market conditions can increase the likelihood of a successful sale. Seek guidance from professionals and stay proactive throughout the selling process to find the right buyer for your property.2024-03-12T15:42:34-07:002024-03-12T15:45:42-07:00William Wimberlytag:modernrootsrealtygroup.com,2012-09-20:23477Making Big Updates Before Selling Your Home<img src="https://assets.site-static.com/userfiles/2392/image/Feb_14_2024_Blog_Cover.jpg" width="1080" height="1080" />
Planning to sell your home? Wondering if it’s worth making those big updates before listing? Here’s a guide to help you decide when to invest in major renovations to maximize your home’s value and appeal!
1. Market Research: Understand your local market to determine which updates are in demand. Focus on renovations that align with buyer preferences to maximize your home’s appeal and value.
2. Strategic Timing: Plan major updates well in advance of listing to showcase improvements to potential buyers. Consider completing renovations during the off-season to avoid delays and stand out from the competition.
3. Address Structural Issues: Prioritize repairs to structural issues or major systems to instill confidence in buyers. A sound home foundation enhances its perceived value and reduces negotiation hurdles.
4. First Impressions Count: Concentrate on areas with the biggest impact on first impressions, like kitchens, bathrooms, and curb appeal. Investing in these areas can significantly influence buyers' perceptions and increase your home's selling potential.
5. Consult Professionals: Seek guidance from real estate agents, contractors, and stagers to make informed decisions. Their expertise will help you prioritize updates that yield the highest return on investment within your budget and timeline.
Strategically timing major updates before selling can significantly enhance your home's marketability and value. By focusing on key areas and consulting professionals, you'll increase your chances of a successful and profitable sale.2024-02-14T12:37:03-07:002024-02-15T08:30:08-07:00Amanda Rickmantag:modernrootsrealtygroup.com,2012-09-20:23078Common Pitfalls of DIY Home SalesCommon Pitfalls of DIY Home Sales
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Selling a property is a significant undertaking, and avoiding common mistakes is crucial to ensuring a smooth and successful transaction. In this blog, we'll highlight key pitfalls to steer clear of when selling your home, helping you navigate the process with confidence.
Unrealistic Pricing:<br />Setting a realistic and competitive price becomes challenging without a real estate agent's expertise. Research comparable properties thoroughly to avoid overpricing or underselling.
Limited Marketing Reach:<br />DIY sellers often miss out on the extensive marketing resources agents provide. Invest time in creating professional listings, utilizing online platforms, and considering virtual tours to maximize visibility.
Neglecting Legalities:<br />Overlooking legal aspects can lead to delays or legal issues. Seek legal advice to ensure a smooth transaction.
Limited Market Insight:<br />Real estate agents bring market knowledge to the table. DIY sellers may lack insights into current market trends, potentially affecting their ability to make informed decisions.
Limited Negotiation Skills:<br />Negotiating the best deal requires the skill and experience of a real estate agent. DIY sellers might be at a disadvantage when negotiating terms, potentially leaving money on the table.
Time and Energy Drain:<br />Selling a home demands time and effort. Without an agent, you may find the process overwhelming, impacting your daily life and potentially leading to burnout.
While selling your home without a real estate agent is possible, it's essential to tread carefully. If considering the DIY route, educate yourself thoroughly and, if possible, seek legal advice to navigate the complexities of the real estate market successfully. Partnering with a professional can streamline the process, ensuring a smoother and more successful sale.2024-01-31T08:58:20-07:002024-01-31T15:04:49-07:00Sara McGettricktag:modernrootsrealtygroup.com,2012-09-20:20694Navigating the Fall Real Estate Market (Part 2): What Sellers Need to Know<img src="https://assets.site-static.com/userfiles/2392/image/Oct_16_-_Navigating_the_Fall_Real_Estate_Market_Part_2_What_Sellers_Need_to_Know.jpg" width="1748" height="1240" />
Welcome back to the second part of our series, "Navigating the Fall Real Estate Market." Autumn brings unique opportunities and challenges for home sellers, and in this installment, we'll delve even deeper into strategies and insights to ensure your success. Whether you're a seasoned seller or just beginning to consider listing your property, this guide will provide you with the essential knowledge needed to make the most of the fall real estate market. So, let's dive in and uncover the latest trends, tips, and tricks for selling in the autumn real estate landscape.
Curb Appeal Matters:
While spring and summer offer lush landscapes (unless you experienced our Texas Summer this year!) and vibrant gardens, the fall market relies heavily on curb appeal. Make sure your property stands out by raking leaves, maintaining your lawn, and adding seasonal decorations to create a warm and inviting atmosphere.
Pricing Strategy:
Pricing your home competitively is crucial in the fall market. Be sure to research recent sales in your area and work with a knowledgeable real estate agent to set a price that reflects the current market conditions.
Highlight Fall Features:
Take advantage of the season by showcasing your home's fall features. Highlight any fireplaces, cozy reading nooks, or outdoor spaces where potential buyers can imagine themselves enjoying the crisp autumn weather.
Flexible Closing Dates:
Consider offering flexible closing dates to accommodate buyers who want to move in before the holidays. This flexibility can make your property more attractive to motivated buyers.
Prepare for Fewer Showings:
I know we already have had fewer showings with the high rates, but there may be even fewer showings in the fall compared to the spring and summer. The buyers who do visit your home are often more serious. Make sure your property is in top condition for these potential buyers.
As the fall real estate market unfolds, knowledge is your guide. Whether buying or selling, use these insights to make informed decisions. If you found this blog helpful, please share it on social media!
Follow us on our social media channels shown below for more helpful tips:<br /><br />Facebook: https://www.facebook.com/modernrootsrealtygroup<br />Instagram: https://www.instagram.com/modernrootsrealty/<br />Twitter: https://twitter.com/modern_roots<br />Pinterest: https://www.pinterest.ph/modernrootsrealtygroup/<br /><br />Visit our official website:<br />https://www.modernrootsrealtygroup.com/2023-10-16T08:02:12-07:002023-10-23T09:13:25-07:00Courtney Lestertag:modernrootsrealtygroup.com,2012-09-20:18589Best Colors of Front DoorsYour home's front door is the first thing that guests and potential buyers will see, so it's important to make a great first impression. Choosing the perfect color for your front door can enhance the overall visual appeal of your home's exterior. Here are some of the best colors for front doors and their significance:<br /><br />1. Classic Black: If you're looking for a timeless, classic look, black is always a great color choice. It conveys sophistication, elegance, and never goes out of style.<br /><br />2. Bold Red: For a pop of color and energy, a bold red front door is a great choice. It evokes warmth, vitality, and can add a sense of excitement to the exterior of your home.<br /><br />3. Cheerful Yellow: Yellow is a cheerful and inviting color that can make your home feel more welcoming. It's perfect for creating a cozy and inviting atmosphere.<br /><br />4. Calming Blue: Blue is a calming and soothing color that symbolizes peace and tranquility. It's an excellent choice for homes near the water and can create a sense of relaxation.<br /><br />5. Neutral Green: Green is an earthy color that works well if you're looking for a natural and neutral front door color. It symbolizes growth, renewal, and harmony.<br /><br />No matter what color you choose, make sure that it complements the overall style and color scheme of your home's exterior. With the right front door color, you can boost your home's curb appeal and make a great first impression.<br /><br />If you found this blog helpful, please share it with your friends and family on social media. And if you're looking to buy or sell a home, contact us today for expert real estate advice!2023-06-02T07:36:35-07:002023-06-02T07:52:22-07:00Amanda Rickmantag:modernrootsrealtygroup.com,2012-09-20:17353Selling Your Home in the SpringSpring is a popular time for homeowners to sell their homes, as the weather gets warmer, and the real estate market tends to heat up. If you're thinking about selling your home in the spring market, it's essential to take the necessary steps to prepare your home and make it stand out from the competition. In this blog post, we'll explore some tips on how to prepare your home for the spring market.
Declutter and Clean The first step in preparing your home for sale is to declutter and clean. Remove any unnecessary items and clutter to make your home look more spacious and inviting. Clean every room thoroughly, including floors, carpets, and windows, and pay attention to any areas that are often overlooked, such as baseboards, light fixtures, and switch plates.
Stage Your Home Staging your home is another crucial step in preparing your home for the spring market. Consider hiring a professional stager or doing it yourself. Remove personal items and furniture that are too big or outdated, and add some fresh flowers, plants, and accessories to make your home look inviting and warm.
Make Repairs Before putting your home on the market, make sure to fix any outstanding repairs. This includes leaky faucets, cracks in the walls, or broken appliances. Homebuyers are looking for a move-in ready home, so it's essential to ensure that your home is in good condition.
Enhance Curb Appeal Curb appeal is vital in making a good first impression on potential buyers. Start by cleaning up your yard and landscaping, adding fresh mulch, and planting new flowers or shrubs. Make sure your driveway and walkways are clean and in good condition, and consider adding some outdoor lighting to enhance your home's curb appeal at night.
Price Your Home Appropriately Pricing your home appropriately is essential in attracting the right buyers. Work with a real estate agent to determine the fair market value of your home and price it competitively. Overpricing your home can deter potential buyers and lead to your home sitting on the market for too long.
In conclusion, preparing your home for the spring market takes time and effort, but it's worth it. By decluttering and cleaning, staging your home, making repairs, enhancing curb appeal, and pricing your home appropriately, you can attract the right buyers and sell your home quickly and at a fair price.2023-03-08T10:59:14-07:002023-03-08T11:00:13-07:00Jen Bakertag:modernrootsrealtygroup.com,2012-09-20:16049Overall Market Update – 5 Realities for Sellers NowOverall Market Update – 5 Realities for Sellers Now
Over the past few years, most of the US has been in a strong seller’s market. Historically low interest rates coupled with rising incomes resulted in buyers who were ready and able to buy a new home. It was a crazy time when sellers needed to do little more than put a sign in the yard to attract multiple offers.
However, the post-Covid housing market is quite different. The uncertainty in the economy has slowed the pace and rising interest rates have caused buyers to reconsider their purchase, and the amount they are willing to pay. As a result, sellers must go back to the tried-and-true methods of selling a home, debunking the myths of the past few years.
5 “New” Realities for Sellers
1. Price the Home Realistically –Now sellers must be more careful and price the home realistically to avoid losing the precious early days of a listing when buyer’s interest is highest.
2. Make Repairs – Buyers have more choices now and they will be more careful about buying a home that needs a lot of work.
3. Consider Making Concessions – Buyers often ask for reasonable concessions; sellers should weigh the offer before rejecting.
4. Staging is Back – Make sure the home is show-ready and sellers may consider some simple staging to make the home more appealing to buyers.
5. Be Prepared to Wait – The pace has slowed. In a “normal” market, most homes take 30-45 days to enter escrow.
Finally, sellers should pay attention to their local market and determine the right time to list. Balance has returned to the housing market. Sellers and buyers must adjust their thinking back to the "old" concepts to be successful.2022-12-07T09:59:37-07:002022-12-07T10:06:01-07:00Jen Bakertag:modernrootsrealtygroup.com,2012-09-20:14595Pricing a Home in a Stable MarketPricing Your Home in a Stable Market
The Fall selling season has come. Unfortunately, those home sellers<br />who were looking forward to sky-high prices and multiple offers may be<br />disappointed to find that the market has shifted. In a stable market, pricing a home becomes critical to success. Who you work with becomes crucial - make sure they know and understand your local market and price with that understanging in mind. Modern Roots Realty Group knows their local market and have a pricing strategy backed by data.
Pricing your home in a stable market
The first step is to realize the market has changed. Buyers will not overpay for a home in an uncertain market. Whereas just a few months ago it might have made sense to “test the market” and set an aggressive price, sellers who try that strategy today will lose valuable time, risking an even slower market when the home sells.
Home Value Truths
· What you paid for your home doesn’t affect its value.
· Your asking price does not affect its value.
· What it might have sold for 2 months ago does not affect its value.
· What your agent tells you about price does not affect its value.
The value of your home is determined by what a qualified buyer in today’s market is willing to pay for it, comparing it to others on the market for sale.
Pricing Strategy in a Softening Market
Your pricing strategy should be the same, regardless of whether you are in an accelerating or declining market – to price the home ahead of the market. In a declining market, that means you should price your home slightly below the most recent comp. Using this strategy, you will demonstrate to buyers that you understand the value of your home and are serious about getting it sold quickly. This puts you in the best position to maximize your selling price in the current market climate.
Thinking of selling? Modern Roots Realty Group is here to help!2022-09-14T10:20:00-07:002022-09-14T11:30:45-07:00Jen Bakertag:modernrootsrealtygroup.com,2012-09-20:14155Are The Bidding Wars Over?Are The Bidding Wars Over?
Let’s face it, it’s fun to have a home listing during a seller’s market. When inventory is tight, even less-than-perfect homes invite the frantic bidding wars seen over the past few years. But as the economy slows down and interest rates increase, sellers are wondering if the bidding wars are over, and what that means for them.
First of all, bidding wars have occurred in every kind of real estate market. Well-positioned homes have always garnered attention and offers. What’s different in a seller’s market is that buyers are so desperate to find a home, that multiple offers seem to be normal on every listing. As the pace slows down, sellers need to adjust their expectations and avoid costly mistakes.
Seller Mistakes to Avoid in a “Normal” Market
· Bad Curb Appeal – Curb Appeal is once again important to making a good impression.
· Delayed Response – Don’t wait to respond to a buyer’s offer because you hope to have a bidding war.
· Unreasonable Demands – Buyers have choices now, be reasonable with the counter and contingencies.
· Highest Offer – Don’t assume that the highest offer is the best offer.
· Priced too Low or too High – Price the home correctly. Don’t play games with the price.
Finally, be patient. In a typical market, an average home is on the market 30-45 days. This is a change from the past few years, but a healthy real estate market benefits all parties.2022-08-17T09:02:00-07:002022-08-17T10:09:03-07:00Jen Bakertag:modernrootsrealtygroup.com,2012-09-20:13477Additional Criteria When Hiring a Listing AgentAdditional Criteria When Hiring a Listing Agent
Most sellers spend a long time considering whether they should sell their home. These same people who have considered all the financial and personal pros and cons of moving hire the first real estate agent they like. While certainly it’s important to find an agent you can communicate with, the right agent brings more than a pleasant demeanor to the transaction and it’s critical to choose the right one.
Before signing with the nice agent who stopped by the community garage sale, interview a few local options.
Ask friends and neighbors if they have any recommendations and arrange a sit-down visit with the agents.
Ask questions, such as:
How many homes have you listed and sold in the past year?
How do you handle the marketing of the home?
Will you hold open houses?
What kind of offer should I expect?
How will you handle multiple offers?
Ask for specific examples of how they have handled difficult situations in the past.
What if the appraisal comes in low?
How do we negotiate request for repairs?
Most importantly, ask what list price they recommend and why. You should expect a full comprehensive analysis and the agent should be able to answer any questions you have.
Finally, ask for references and call them. Ask the references the tough questions – what did they like and dislike about the agent?
Buying or selling a home is typically the largest financial decision of someone’s life, hiring the right listing agent is the most important aspect of a successful transaction. Choose the best agent, not just the one that seems nice.2022-06-22T08:42:00-07:002022-06-22T09:48:10-07:00Jen Bakertag:modernrootsrealtygroup.com,2012-09-20:11488Sellers: Expectations This SeasonSellers: Expect Multiple Strong Offers this Season
The winter season has traditionally been a slower time for home sales. The guidance in the past has been to wait for the warmer months of spring before listing. However, the current real estate market has created a strong seller’s market and if you’re considering a move, it may be better to sell now rather than risk a slowdown if interest rates rise in the coming months.
Well-priced homes have always attracted multiple offers. Often these proposals varied in strength, allowing the seller to easily make the best decision based on price and terms. In this current climate, with inventory so low, well-qualified buyers are searching for homes and making swift decisions. As a result, sellers are receiving multiple, strong offers.
According to recent data by the National Association of Realtors®, the average seller receives 3.7 offers on their home. These are typically well-qualified, serious home buyers and many are all-cash. While this is a good “problem” to have, it can also lead to confusion as sellers struggle to choose the right offer.
Working with your agent, consider each offer carefully and review both price and terms, such as contingencies and close date. Remember that the value for any buyer financing the purchase will be subject to an appraisal; this will prevent you from accepting an unrealistic offer that may cost you time and money if the appraisal doesn’t support the value and you need to start over.
The bottom line is that this is a great time to sell your home. If you’ve been considering a move, no need to wait for spring.2022-01-07T05:30:00-07:002022-01-07T06:35:22-07:00Jen Bakertag:modernrootsrealtygroup.com,2012-09-20:10520Seller’s Guide to Buyer ContingenciesSeller’s Guide to Buyer Contigencies
Every news article talks about the fact that it’s a “seller’s market.” This means that if you are selling your home, you’ve probably gotten a few offers from which to choose. While sales price is important, so are the contingencies attached to the offer. Understanding what these contingencies mean can help you choose the best offer from the pack.
Most importantly, work with a Real Estate Agent who can guide you on what the contingencies mean for you and which ones are in your best interest for your specific situation and goals.
5 Most Common Contingencies
1. Home Inspection Contingency – This allows the buyer the right of a professional inspection to determine the condition of the home. Generally, this must be performed within seven days and removed. The inspection will address any safety, fire, and system condition issues.
2. Appraisal Contingency – A professional appraisal will be ordered to ensure the price offered in the offer is fair market value. If the purchase will be financed, the lender must ensure the home is worth the loan value.
3. Final Loan Approval Contingency – This contingency protects the buyer in the event they are unable to obtain final loan approval.
4. Sales of Current Home Contingency – Sometimes a buyer will make an offer on a new home before their current one has sold. This contingency protects the buyer from having to complete the new sale until their home has sold.
5. Title Contingency – This contingency protects the buyer if the seller does not have the “right” to sell the home due to unforeseen ownership issues.
Contingencies are part of most real estate contracts. As you review buyers’ offers, make sure to consider both the kind of contingencies and how long before the buyer must remove them. This way, you will choose the offer with the best terms and price.2021-10-21T10:20:00-07:002021-10-21T11:55:58-07:00Jen Bakertag:modernrootsrealtygroup.com,2012-09-20:10315Fall Decor Selling TipsFall and Holiday Décor Listing Tips
Fall is still a great time to buy and sell. In fact, recent numbers show the first week of October being the busiest time of market activity during the holiday season. If you have your home on the market, it’s natural to want to create the perfect environment for potential homebuyers. This includes not only professional staging services but also time-honored tips like freshly baked treats and seasonal décor. As we transition from summer to the holiday season, you may be tempted to create the perfect holiday atmosphere for both yourself and potential buyers. However, it’s interesting to note that fall decorating is the least appreciated by home visitors.
The cinnamon scents and pumpkin-everything that greets the senses in stores and coffee shops can be overwhelming in a home environment. You may enjoy a nice cookie-dough candle, but many people don’t agree. A tasteful, welcoming fall wreath on the front door is fine, but in general, fall is a time best ignored by home sellers.
The holiday season can bring family challenges as well. When your house is on the market, this is not the time to continue the tradition of the neighborhood Haunted House with cobwebs hanging from every gutter. Far better to place a strategic jack-o-lantern or tasteful pumpkin pile. Talk about these kinds of changes in advance with younger children who may not understand the need to keep the house fully accessible and de-personalized.
Having your home listed for sale is a special time and requires some sacrifice. The holiday season can bring more emotional challenges as well. A sense of nostalgia is only accentuated by the lack of family traditional décor. Consider carefully what to include and exclude. Scale back the unnecessary decorating extras and concentrate on the special few items. In this way, you can still celebrate your family traditions while appealing to homebuyers looking for their own place to call home.2021-09-30T04:00:00-07:002021-09-30T08:11:55-07:00Jen Bakertag:modernrootsrealtygroup.com,2012-09-20:9627All-Cash Offer – Should I Offer the Buyer a Discount?
Most parts of the country are seeing a strong seller’s market. Inventory is low and buyers want to take advantage of the low interest rates. As a result, sellers may be in the enviable position of a bidding war. Some buyers believe that presenting an all-cash offer to the seller can earn them a lower price by being more attractive.
But as a seller, should you accept a lower price from a buyer just because it’s all in cash? The short answer is, “it depends.”
Do you need to close quickly?
What are the terms of the offer?
<br />The best advantage of an all-cash offer is the ability to close faster than traditional financing. Typically, loan processing will take several weeks from appraisal to underwriting. A cash offer can be completed in a matter of days; the monies need to transfer and the title needs to be recorded. If it’s important for you to get the money quickly, then accepting a slightly lower sales price in return for the speed of closing could be worth the cost.
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Even if the offer is all-cash, that doesn’t guarantee it will close any sooner than another buyer. The most important consideration is the terms of the offer. Even though there is no lender involved, the offer might still be contingent upon an appraisal, a home inspection, and other standard contingencies. Simply paying in cash by itself does not guarantee that the sale will close any faster than a well- qualified buyer who will use financing.
The bottom line is that before discounting your home price for an all-cash buyer, compare all the offers. Your goal is to net as much profit from the sale as possible. If the speed of closing is important, then a small discount might be warranted; but if not, consider all the terms carefully before assuming an all-cash offer is better.
2021-07-30T08:23:00-07:002021-07-30T09:24:54-07:00Laura O'Brientag:modernrootsrealtygroup.com,2012-09-20:9427Can’t Sell Your Home in a Seller’s Market?
It’s no secret that most of the country is experiencing a strong seller’s market. With more homebuyers than inventory, most sellers have been delighted to sell quickly and often with multiple offers. Yet, some homes are still sitting on the market and these sellers may be wondering why.
Here are 7 reasons why your home listing is not selling:
Over Confidence – While many homes are being snapped up on day one, this does not mean you can avoid the basics of good marketing, professional photos, and open houses.
Overpriced – In a seller’s market, home prices do advance, but a dramatically overpriced home will still sit unnoticed.
Appearance – With low inventory, home buyers will compromise on some issues, but properties in need of major TLC or extensive deferred maintenance will not hold mass appeal.
Title Problems – Title issues are more common than you think. Old judgments or messy probate can take time to resolve and in a fast-paced market, buyers will often just move on.
Stinky – Smelly homes simply do not sell. If you have pets, consider doing a deep clean on your home before hosting open houses, especially if you have carpet.
Lazy Agent – The hard truth is that in a seller’s market, some agents just get lazy, assuming the home will sell without much effort. Your agent should still be doing all the right things – open houses, listing pictures, follow-up, and personal showings.
A seller’s market is exciting for homeowners ready to move. If your listing is just sitting without much activity, it is time to take a hard look at what you’re doing wrong and make changes.
Are you thinking about selling? Reach out to Modern Roots Realty Group today to find out how we can help.
2021-07-09T09:03:00-07:002021-07-09T10:09:58-07:00Laura O'Brientag:modernrootsrealtygroup.com,2012-09-20:8609Can You Sell an Outdated House?
It seems that everywhere you turn there are companies who advertise buying ugly houses. These messages offer to quickly buy any house, regardless of the condition. The problem is that their offers are often significantly below market value.
If you’re a seller whose home needs some attention, you might think these companies are your only option. Some of the offers sound attractive; quick sale, all cash, no commissions, and no fees. But before you do anything, it’s worth your time to call a local real estate agent for a second opinion.
3 Reasons to Call a Real Estate Agent Now
1. Free Advice–The real estate agent will not charge you anything to simply come look at your home.
2. Your House Might Not Be that Ugly–You may be surprised to find that your home is quite marketable. A few years ago, a 1950s mid-century modern home would have been considered a tear-down. Now, these ranch homes command top dollar and are in very short supply.
3. A Path Forward–If your home does have somei ssues, the agent can offer some ideas about moving forward. They can suggest local contractors to provide repair/upgrade services or market to investors that might still offer significantly higher prices than the quick-sale guys.
Even outdated houses sell. We are in a seller’s market in almost every part of the country. Selling your home has a large financial impact on you and your family. Don’t make assumptions about value, reach out to a real estate agent, and make sure you understand all your options so you can get the best offer possible.
2021-04-02T08:15:00-07:002021-04-02T09:18:32-07:00Amanda Rickmantag:modernrootsrealtygroup.com,2012-09-20:8250Tips for the First-Time Home Seller
There is a lot of attention paid to first-time homebuyers. Most real estate agents and lenders have some kind of guide to help first-time homebuyers navigate their first home purchase, but what about the first-time seller?
Selling your home for the first time can be just as confusing as a home purchase, so here are a few things to remember as you navigate your home sale.
Before that first showing, it’s important to prepare. This involves not only cleaning, decluttering, and staging the home, but also learning about your local real estate market and finding the best agent for your needs.
Interview more than one agent and ask lots of questions. Learn about the services they offer: do they include professional photography, video, or virtual tours? Ask for a comprehensive market analysis (CMA) and ask each agent their suggestion for the listing price and their method for arriving at that number. Use this information to determine the best agent to assist you.
Once you have an agent, stay involved. Discuss the plan for showings and open houses. Try and be flexible to allow for as many potential buyers as possible viewing your property. Review the listing online for accuracy and stay in touch with your agent for feedback from showings.
Once you start getting offers, respond as quickly as possible. It’s not just about the price; watch for terms, such as length of escrow and contingencies, when evaluating these offers. Be prepared to move so that you can take advantage of a good offer, such as all-cash.
The most important aspect of a successful home sale is the relationship you have with your agent. Be transparent about your needs, concerns, and goals; insist that your agent do the same, and working together you will navigate through your first home sale successfully.
2021-01-29T08:23:00-07:002021-01-29T09:25:08-07:00Laura O'Brientag:modernrootsrealtygroup.com,2012-09-20:7869Tight Seller’s Market? Consider New Construction
Most of the country is experiencing a very tight real estate market. Inventory levels are historically low, perhaps owing to the concern of strangers traipsing through the home during this time. Additionally, because most people are staying home, they have been able to focus on their property and how it fits into their lifestyle, emphasizing the need to right-size their environment.
With properly-priced homes moving quickly off the market, homebuyers are frustrated. For those who can be flexible with their timing, new construction offers an appealing alternative to the resale market.
New construction offers the buyer a fresh, blank canvas on which to create their perfect home. In any market, this can be appealing, but when resale inventory is low, this is even more attractive. Yet, new construction is more than modern floorplans and beautiful finishes. Before buying new construction, it’s important to ask a few questions first:
How long will the property take to build, and what possible delays could affect that timeframe? How does that timeline fit in with selling your current home or finding interim housing?
Is your completion date affected by the sale or occupancy of other units or phases?
What is included in the base unit and what are the additional costs for custom add-on options?
What are the HOA (homeowner’s association) fees and what do they cover?
In addition, it’s important to understand the exact location of the new home and any planned developments or improvements which could affect the home in the future – road noise, parking or traffic congestion, view, etc.
For those trying to compete in this resale seller’s market, it could be time to buy new. Developers are offering some great incentives in this climate, and it can be a great alternative for those with a little time to wait.
2020-11-12T07:54:00-07:002020-11-12T09:12:45-07:00Laura O'Brientag:modernrootsrealtygroup.com,2012-09-20:7544Real Estate Home Inspections and Appraisals in the New Normal
Even during the COVID-19 outbreak, real estate transactions go on. Buyers and sellers still need to move, and the industry is looking for new ways to accommodate both the needs of the transaction and, of course, the safety of everyone.
Many traditional real estate activities can be performed virtually. While no one is suggesting that a buyer will be comfortable buying a home they have only seen during a Zoom visit, they can minimize the number of homes they physically visit by pre-screening these homes ahead of time through virtual tours.
There are a few vital pieces of the transaction that require in-person visits, however. Among these are home inspections and appraisals. Both of these professionals need access to the property to properly perform their duties, and it leaves some potential home sellers and buyers wondering if it’s even possible to conclude a real estate transaction right now.
While everyone should cautiously move forward according to their personal sense of comfort, there are a few things you can do to protect yourself, your family, and the professionals while they are in your home. Before setting the appointments, think through the parts of your home the inspector or appraiser will need to access and think through the process.
Contact the home inspector and appraiser and work out a plan together to keep everyone safe:
Communicate with them about off-limit areas, and what parts of the home they can access.
Have a notepad in which they can communicate what parts of the home they came in contact with, and offer hand sanitizer and wipes for them to use before and after touching parts of the home.
Finally, leave the home during the appointments, and clean properly once you return home.
Life does move on – if you are trying to buy or sell a home during this challenging time, it might take extra effort. However, working with your real estate team, you can conclude a successful real estate transaction amid the COVID-19 outbreak.
2020-09-22T09:20:00-07:002020-09-22T10:27:23-07:00Amanda Rickmantag:modernrootsrealtygroup.com,2012-09-20:7465Tips for Buying and Selling at the Same Time
Either buying or selling a home can be extremely stressful, it can be even more overwhelming if one is trying to do both at the same time. The good news is that this happens all the time and by following a few simple tips, both buying and selling can be a seamless process.
The good news is that you’re planning to move any way. Before you list your home for sale, why not start packing now? Take personal items and excess furnishings and pack them up and move them to storage. Not only will your home look larger and neater, you are getting a start on the move.
Next make sure your agent, or agents, understands the timeline and requirements. There are many standard contingencies which can protect you from owning two homes at once, or none at all. Not only can the purchase of your new home be contingent on successfully closing on your current one but you can also reverse the process and ensure you find a replacement before the close as well.
Finally, get the entire family involved. Be excited about the change and create a moving plan in which everyone has a task and there is a plan for the move itself. By taking a few initial steps, moving can be fun and easy.
2020-08-31T10:09:00-07:002020-08-31T11:09:49-07:00Laura O'Brientag:modernrootsrealtygroup.com,2012-09-20:7460How to Prepare Your Home for Open Houses
Thinking about selling your home? Unsure of how to prepare? When placing your home on the market, you want to show your home at it’s very best.
The preparation of your home will depend on your home’s age, and how well you’ve maintained it over the years. Previously we covered how to prepare your home for listing photos. Keep reading to find out how to prepare you home for open houses!
-Clean and polish floors<br />-Dust all fixtures<br />-Wash curtains<br />-Clean the fireplace<br />-Deep clean bathrooms<br />-Ensure all fixtures have ALL lightbulbs, and ALL bulbs are working optimally -Power wash the driveway, porch, patio and fencing (if needed)
-Mow the yard<br />-Trim trees and bushes<br />-Declutter rooms<br />-Remove any pet supplies.<br />-Remove any personal effects from the area
TIP: Home buyers want to picture themselves in the home. Make it easier for them! -Remove your pets from the home, or crate them outside, out of sight
<br />-Clean up any dishes, laundry, cleaning supplies, take out the trash, etc.
TIP: Do NOT have laundry or dishes running!
-Let your agent know where any wax melters, diffusers, or candles are. These will make your home more inviting and cover up any lingering odors from pets or otherwise.
2020-08-31T09:34:00-07:002020-08-31T10:35:49-07:00Amanda Rickmantag:modernrootsrealtygroup.com,2012-09-20:7459How to Prepare Your Home for Listing Photos
Thinking about selling your home? Unsure of how to prepare? When placing your home on the market, you want to show your home at it’s very best.
The preparation of your home will depend on your home’s age, and how well you’ve maintained it over the years. Keep reading for a simple checklist of things to take care of before having listing photos taken of your home.
-Remove Stains from walls, doors, and ceilings<br />-Add a fresh coat of paint to walls, ceilings, doors, and baseboards.<br />TIP: Use light, neutral paint colors<br />-Polish wood/tile floors<br />-Clean/replace any dirty grout<br />-Deep clean your carpet<br />-Replace dirty/old kalk lining<br />-Deep clean bathrooms<br />-Clean the outside of your windows<br />-Replace any torn window screens<br />-Dust lamp shades<br />-Ensure all fixtures have ALL lightbulbs, and ALL bulbs are working optimally<br />-Wash curtains<br />-Clean the fireplace<br />-Polish chandeliers<br />-Clean/replace light switch covers if needed<br />-Clean up any dishes, laundry, cleaning supplies, etc.<br />-Power wash the driveway, porch, patio and fencing<br />-Mow the yard<br />-Add fresh mulch to any flowerbeds<br />-Trim trees and bushes<br />-Add seasonal plants<br />-Add simple, seasonal decor (a door wreath, windchimes, etc.)<br />-Remove excess furniture, declutter, and rearrange rooms to create more space and natural lighting. -Remove any pet supplies.<br />-Remove any personal effects from the area<br />TIP: Home buyers want to picture themselves in the home. Make it easier for them!
2020-08-31T09:33:00-07:002020-08-31T10:34:35-07:00Laura O'Brientag:modernrootsrealtygroup.com,2012-09-20:74485 Signs You’ve Outgrown Your Home
We know–you love your home. It’s the first home you purchased on your own, or with a partner. It holds a special place in your heart. But how do you know when it’s time to move on?
Here are 5 sure signs that you’ve outgrown your home.
1. Too Much or Too Little Space
The issue of space goes both ways. Are you expecting an addition to the family, but have no room for a nursery? Do you avoid opening your hall closet at all costs?
Or has your nest recently emptied? Are you finding yourself turning spare bedrooms into knitting rooms? Have you recently begun collecting grandfather clocks?
Space is likely the first problem you’ll experience when it’s time to move on to a new home!
2. Lifestyle Changes
Maybe you’ve just landed a new job. Maybe you’re sick of the long commute. Whether you’re looking to be closer to the city or farther away, more area for outdoor entertainment or no yard to maintain, major lifestyle changes usually require a home change, too.
This is another sign you’ll receive pretty quickly if you’ve outgrown your home. Lifestyle changes can encompass anything from wanting a better school district, a gym close by, or even a different neighborhood culture. Whatever you’re dreaming of, there’s the perfect home for you waiting somewhere.
3. You’re on Pinterest Like...All The Time
Guilty! Not much explanation needed here. If your Pinterest Home Dream Board looks nothing like your home, it’s time to consider making your day dream a reality.
4. You're Ready For a Change of Scenery
You dreamed of living in the country but find yourself missing the city. You’ve always loved the hustle and bustle of city life, but now the Hill Country is calling to you. Or maybe you’re looking for a home right in between! The average person moves over 11 times in their life! It’s safe to say that you’re not alone in wanting a change of scenery.
5. Homes in Your Area are Selling for $$$
If the homes in your area are selling for top dollar, you might want to consider taking advantage of the current state of the market!
We know–the thought of moving is daunting. Whether you’re planting or pulling your roots, Modern Roots Realty is here to assist you every step of the way!
2020-08-28T06:36:00-07:002020-08-28T07:40:11-07:00Amanda Rickmantag:modernrootsrealtygroup.com,2012-09-20:74475 Questions Sellers Have about the Market during the Coronavirus Outbreak Answered
There are so many questions and concerns amid the Covid-19 coronavirus outbreak. The real estate market is especially hard hit and sellers are concerned. Real estate at its core is a people business. It relies on person-to-person interaction and the coronavirus necessarily limits this contact. As the spring selling season gets started, home sellers will have questions and it’s important to acknowledge concerns and offer practical advice and concrete information to help sellers make the best decision for themselves and their families.
1. Should I still try and sell my home?–Of course, there are many aspects to this question. First and foremost, the health concerns of the sellers’ family have to be taken into consideration. Unless absolutely necessary, the elderly and those with underlying health issues should not allow unnecessary people into their homes; including buyers and agents.
If the household is essentially healthy and not considered high-risk, then this could be a great time to sell. Consider the advantages of lower inventory coupled with low-interest rates; as listings become rarer, the remaining inventory will get more attention which could create better offers.
2. Is it safe to have people through my home?–This is certainly a concern, but there are practical steps you can take to ensure safer home showings.
3. What can I do to protect my family during showings?-Protect the home, family and visitors alike by taking the following precautions
Keep hand sanitizer at the front door to offer buyers and their agents when they enter the home.
If there is a guest bathroom, keep disposable hand-towels and soap for guests to use and make the request known to the showing agent.
Offer disposable gloves for use with a receptacle for used gloves.
Limit the showing days and hours so you can properly clean between showings.
Have cleaning wipes handy. Request agents to wipe surfaces, door handles, and banisters which are touched during the showing.
Ask your agent to offer virtual showings or host virtual open houses
4. What happens if my buyer loses their job?–Most real estate contracts include a contingency for the buyer loan approval and funding. Now more than ever, it’s critical to keep that contingency in place. In the unfortunate event the buyer loses their job or can no longer qualify for the loan during the contingency deadline, the parties typically cancel the contract.
5. Will I get a higher price if I wait to list my home?–The truth is no one knows. We don’t know how long or short the crisis will be and we don’t know how the financial market will weather the outbreak. While this is a question the seller will ultimately need to decide, the old adage about a “bird in the hand” is important to remember.
This selling season has proven to have unique circumstances – please contact your real estate agent to learn more about the current outlook and opportunities in your local market.
2020-08-28T06:32:00-07:002020-08-28T07:35:43-07:00Laura O'Brientag:modernrootsrealtygroup.com,2012-09-20:74443 Must-Do’s Before Listing Your House for Sale
Before you list your home for sale, it’s time to do a little work around the house to make sure your home is seen in the best possible light. These “must-do” items are about showing buyers that your home is cared for and ready for them to begin the new chapter of their journey in. Taking a little time up front can mean thousands of dollars as buyers start writing their offers.
Declutter, Depersonalize and Clean – This is the time to take spring cleaning seriously–no matter the season! Clear out all unnecessary items from the home. Go through closets, drawers, dressers and cabinets. Donate unwanted items to charity, or hire a dumpster. Do your best to make the home seem spacious! If there are pieces of furniture you don’t want to part with, but are taking up a lot of space, consider renting a storage unit while selling your home. Spend some time to depersonalize by removing excessive pictures and hide heirlooms. Buyers will look in every space and open all drawers and cabinets. Make sure you don’t leave personal items out. Finally, deep clean every space top to bottom.
Address Deferred Maintenance –Make small repairs or hire a handyman to take care of problems which could appear during the home inspection. Replace caulking, fix broken windows and screens, replace light bulbs and freshen up and clean grout; buyers want to see a home that is cared for with “good bones.” A well maintained home will sell for more!
Go for Curb Appeal – Spend some time in the yard. Trim bushes and trees, clean and repair hardscape and make sure there is adequate lighting. Welcome your buyers with seasonal flowers or décor and place a fresh mat by the front door. Before you put that sign in the front yard, spend a little time and elbow grease to make sure you welcome your potential buyers with the best version of your home.
2020-08-28T06:18:00-07:002020-08-28T07:25:59-07:00Amanda Rickmantag:modernrootsrealtygroup.com,2012-09-20:7376Why You Should Consider Selling in the Winter<img src="https://assets.site-static.com/userfiles/2392/image/selling-in-the-winter-attracts-serious-buyers.jpg" alt="Selling In Winter Attracts Serious Buyers" title="Selling In Winter Attracts Serious Buyers" height="410" width="750" />
The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities.
Selling in the winter can give you a few advantages. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking no matter the time of year. Keeping your house on the market in the winter might bring the right buyer to your door. Real estate agents also tend to be less busy during these months and commit more time to getting your home sold.
Studies have shown winter buyers are buying because they need to move right away either for a relocation or personal situation. They will want to close quickly and allow for a much smoother sale.
Bottom Line
If you need to sell your home right away, or have some time but want to see what is out there, consider listing in the winter. Most homeowners who are going to sell will list their home in the spring, making for a competitive market. The winter allows buyers who are in a hurry to move consider your home and sell for more money than you would have in the spring.2020-08-13T14:50:00-07:002020-08-13T14:53:44-07:00Laura O'Brien