Are You Considering A Move

 

batesrealestategroup.com

We’re sure that many homeowners have asked themselves does moving to a smaller home make sense?
Maybe the kids are away at school. And you don’t plan on having them move back into the family home after graduation.
Because the stairs have become harder to climb in your ‘senior’ years. Other reasons might include a desire to move into a home that’s smaller or in a more desirable location.

5 juicy ideas to contemplate:

1. Have you built sizable equity in your current home? Take a look at your annual mortgage statement or call your lender to find out. Usually there is no equity built up in the first years of your mortgage. If you’ve owned your home for more than five years, you may have significant unrealized gains.

2. Has your financial or income situation become better? If your income has improved, you may be able to make higher mortgage payments and cover the cost of moving.

3. Has your neighborhood changed? The neighborhood you picked for your first home may not be the same neighborhood you want to settle down in for the rest of your life.

4. Have you considered remodeling or increasing the size of your home? You can make your home bigger by adding an extra room or refurbishing.
But if your home isn’t large enough or your county won’t permit it. Or you are not interested in remodeling. Than moving to a smaller home may be your best option.

5. Are you OK with moving in the current housing market? If your housing market is hot, your home will move fast for top dollar. But the home you buy will cost you more. If your market is slow, finding a buyer may take longer but you’ll have more selection and better pricing as you search for your new home.

If your answer is yes to most of the questions, it may be a sign you may be ready to downsize.

Each week we research and write enchanting articles real estate trends. I hope you enjoyed this weeks subject. Share it with friends and family.

Any questions? Would you like to chat? You can call me at (415) 378-6614. Or send a note to andrew@batesrealestategroup.com. We’d love to hear from you.

 

7 Ways to Sabotage Your Home Sale

 

11415768915_83a98098aa_n

So you’ve spent thousands on remodeling and upgrades. Evaluated and hired your Realtor and put your home on the market for sale.
You expected to be in your new home in time for the kids to start school in the fall. Today 175 days later, it still hasn’t sold. And you’re wondering why.

2 thoughts race through your mind:

  • Did I have too many pictures on the walls?
  • Did my agent do everything possible to get my home sold.
    More than likely your asking price is to high.

Because.

Most folks have the mistaken belief that their home is worth more than the market value. The 7 ways to sabotage your home sale are:

The easy peasy method not to sell your home for the highest and best price:

  • Don’t insist your agent provide you with the most recent comparable market analysis or (cma) for the last 90 days.
  • You don’t want to see homes comparable to yours that didn’t sale. Or homes that sold and their sales prices. And homes that are currently listed for sale within a half mile radius of your home.
  • Your home should go on market about 10% more than your competition.
  • Your Realtor did not help you stage your home or offer recommendations to a professional.
  • You won’t receive many offers this way. And this is a good thing. It usually means a lower sales price for you.
  • He should not market your home on all the search engines and the MLS.
  • Your home should not have its own unique website with as many pictures as possible.  Of special interest to buyers are pictures of the kitchen, bathroom and backyard.Make sure your agent performs all the steps above. If he does, your home will sell for the highest and best price in the shortest length of time.

Each week we research and write enchanting articles on real estate trends. I hope you enjoyed this weeks subject. Share it with your friends and family.

Any questions? Would you like to chat. You can call me at (415) 378-6614. Or send a note to andrew@batesrealestategroup.com

 



Impact Of Opting Out Of The MLS

Mark Moz Photo

 

 

I just read an article opposing Zillow’s position on so-called pocket listings. Pocket listings or listings that are not marketed on the MLS results in brokers being able to double end deals.

Getting paid on both sides of the transaction is unethical and harmful to consumers according to a group known as Consumer Advocates in American Real Estate. They claim it’s a “harmful practice that thrives on breaching trust, deceiving clients, and intentionally putting them in a situation of duress and then profiting from it”. 

I disagree with this argument completely because there are many ways of marketing a property effectively.
After explaining the pros & cons of not using the MLS to market their homes, ultimately it’s my clients choice to have their homes listed on the MLS.
I take this position because there are many other ways of marketing listing to other brokers and consumers.   Let me explain how.

  • Marketing to my CRM
  • Postcard marketing. For about $50 I can reach every agent in the state..

Of course the different MLS’s around the country say no. Is it because they are afraid of losing all the fees they collect from us brokers. For very little value.

That’s why I was infuriated after reading an article by Doug Miller a consumer advocate. Who said  “pocket listings exist to generate a double fees & deceive the consumer”.

So my question to Doug is why is it wrong wanting to earn more money?

All sellers are required to sign an agency disclosure form where the pitfalls of not listing on the MLS is explained in detail.
Always give full disclosure to your clients, explaining the benefits and well as the bad of pocket listings.

Each week time is spent researching and writing enchanting articles on real estate trends. I hope you enjoyed this weeks subject. Share it with friends and family.

Any questions? Want to chat? You can reach me at (415) 378-6614. Or send a note to andrew@batesrealestategroup.com. We’d love to hear from you.

Why Didn’t Your House Sell?

~1440182097~Exploritorium

Information is knowledge, knowledge is influence and influence is power.

You are looking for some answers. Why didn’t your house sell. After sitting on market for so long. Why you ask.  Let me explain why it didn’t.

If you price your home too high, buyers will pass it by. They’ll visit homes that are at lower price points. And you need to pick the right agent.

Knowing how to price your home for sale is powerful information. Also helps you get the highest and best price for your home.

You have made the decision to put your property on the market. Now it’s time to start interviewing agents.
You should use an agent that offers value added services.

The easy peasy method for choosing the best agent.
Look for an agent that:

  • Handles transaction from beginning to close of escrow
  • Provides market profile of your neighborhood
  • Help you prepare your home for sale
  • Markets your home
    And now for the best part
    4 Juicy ideas to get your home sold quick:
  •  Consider your price point, be realistic in what you expect to get at closing.
  •  Be careful examining the comparable properties in your neighborhood.
  •  Consider closing costs by using a net sheet, etc.
  •  Schedule a time with your agent in advance. A time to see how your listing is performing compared to the competition. Let me explain.
    You want to see how many visitors come to the open houses. And if there are any offers. Your agent will provide reports on a regular basis. And reviewed to adjust your sales price if needed.

Each week time is spent researching and writing enchanting articles on real estate trends. Let me know what you think. Share it with friends and family.

Any questions? Would you like to chat? You can contact me at (415) 378-6614. Or send a note to andrew@batesrealestategroup.com

Tips to Prepare Your Home for Sale Fast

Tips to Prepare Your Home for Sale Fast

 

Working to get your home ship-shape for showings will increase its value and shorten your sales time.

DSC_0032

There are 5 tips to prepare your home for sale fast that will net you more dollars at the close of escrow. Following these tips to prepare your home for sale will get your home sold in the shortest length of time.

5 Juicy Ways to Sale Your Home Fast

1. Have a home inspection

Schedule a pre-sale home inspection. For $250 to $400, an inspector will warn you about troubles that could make potential buyers balk. Make repairs before putting your home on the market. In some states, you may have to disclose what the inspection turns up.  batesrealestategroup.com

2. Get replacement estimates

If your home inspection uncovers necessary repairs you can’t fund, get estimates for the work. The figures will help buyers determine if they can afford the home and the repairs.
Also hunt down warranties, guarantees, and user manuals. For your furnace, washer and dryer, dishwasher. And any other items you expect to remain with the house.

3. Make minor repairs

Fix as many small problems—sticky doors, torn screens, cracked caulking, dripping faucets—as you can. Or hire a handyman. A home in disrepair will give buyers the impression your home isn’t well maintained.

4. Clear the clutter

Clear your kitchen counters of everything. Your closets by packing up little-used items. Out-of-season clothes and old toys. Use closet organizers to maximize space.
Put at least one-third of your furniture in storage. Particularly large items, such as entertainment centers and big TV’s. Bundle up family photos, knickknacks, and wall decorations to depersonalize your home. Store the items in a storage facility. Or in boxes arranged in your garage or basement.

5. Do a thorough cleaning

A clean house makes a strong first impression that your home has been well cared for. If you can afford it, consider hiring a cleaning service. If not, wash windows and leave them open to air out your rooms. Clean carpeting and drapes to remove cooking odors, smoke, and pet smells. Wash light fixtures and baseboards. Mop and wax floors, and give your stove and refrigerator a thorough once-over. Pay attention to details, too. Wash fingerprints from light switch plates, clean inside the cabinets, and polish doorknobs. Don’t forget to clean your garage, too.

 

Each week we research and write enchanting real estate trend articles for you. I hope you enjoyed this weeks article. Share with friends and family. We’re counting on you.

Any questions? Do you want to chat? You can call me at (415) 378-6614. Or send a note to andrew@batesrealestategroup.com.  I am looking forward to hearing from you.

Why Some Homes Never Sell

11415768915_83a98098aa_n
Why is it that some homes sit on the market for a year while others sell like hot cakes?  Frustrated sellers will blame a bad market. But a good real estate professional will tell you that a slow sale is often attributed to the listing price.
Overpriced homes will keep buyers away.
But if the price is competitive with similar homes in the area. And “shows” better than the competition. It will have a better chance of selling quick.  and for more cash.  Let me explain why.
We real estate agents will test a home’s worth through a process known as Comparative Marketing Analysis. Sort of like comparative shopping.
A technique that’s as American as apple pie.
Comparing houses with different styles, square-footage is challenging. But it’s one of the best methods to use when determining a home’s market value.
Taking a look at amenities, such as a swimming pool, bigger than normal living spaces. a fantastic view, adjacent city parks and other attractions. A decision will be made as to value.
The agent will also compare your home with similar properties that have sold in the area within the last six months.
The agent is able to recommend a realistic price range that will ensure you top dollar for your home in the shortest length of time on market.
Each week we research and write enchanting articles on real estate trends for you. I hope you enjoyed this weeks article. Share it with friends and family. We’re counting on you.
Any questions? Would you like to chat? You can call me at (415) 378-6614. Or send a note to andrew@batesrealestategroup.com. I’m looking forward to hearing from you.