Archive for Real Estate News

Common Mistakes You Can Easily Miss When Selling Your Home

Small House

Everybody has that insider insight when it comes to tips and tricks to sell your house. But, what about what NOT to do? It’s easy to forget the little things that you’ve grown accustomed to since you’ve been living in your home. Once it’s time to sell, you’ll want to make sure that you address all the issues that might get in the way of your greatest opportunity!

Guidance Realty Homes wants to share some great insight we’ve learned about the number one issues that can be easily fixed to make sure your home sells well. Here’s a list of the main elements that could lose you that sale.

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Poor Curb Appeal
Buyers won’t even go inside your home if the outside looks unappealing. Clean up your front yard by tidying plants and pulling up weeds. Make sure the outside of your home looks well cared-for by painting the trim, mowing the lawn, and placing attractive potted plants by the door.
Unpleasant Odors
You may not even notice bad odors, but buyers surely will. Smoking and pets are the prime causes, so smoke outside while you are selling your house and consider what to do with your animals. Allow the house to air out thoroughly before viewings – don’t just try to mask the odor with another scent.
Loud and Scary Pets
Apart from the odor of some animals, a big dog or noisy bird can be off-putting to some buyers. So keep your dog away when you have viewings so your potential buyers aren’t distracted or, worse, scared. Some owners may even like a big, loud dog, but not everyone will so consider who is coming to view your home before locking Spot out back or having a friend care for them.

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Signs of Damp
Problems with damp are a big turnoff to many buyers. Make sure your basement doesn’t smell damp and that there are no signs of damp on the walls. It’s much better to fix problems now than to wait until buyers point them out to you.
Dirt and Grime
Although dirt is usually only cosmetic, it deters buyers, who will start to think the house isn’t well cared for. Make sure your kitchen and bathroom, in particular, are clean.
Bad Décor
Although your home’s décor shouldn’t matter, to many buyers it does. That’s because many want a house they can move into right away. So, replace any tired or out-of-date carpets or wallpapers with a more neutral, modern scheme.
Wrong Price
If your house it too expensive compared to similar properties on the market, you’ll turn away viewers. Take your agent’s advice when it comes to setting a price for your home.

How an ‘Open House’ Can Sell Your Home

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With the popularity of online shopping and virtual tours, some people are of the opinion that an open house is a waste of time. However, sellers should think twice before discounting this time-tested strategy. Here are some things you need to know about hosting an open house!

 

What Is an Open House?

Unlike an individual showing, an open house allows anyone to view the home, whether they currently work with an agent or not. It’s an excellent way to attract buyers new to the market or just beginning a search, those without an agent, and even sporadic buyers who aren’t necessarily in the market but share the information with family and friends.

Who Should Host an Open House?

Hosting an open house is not for the novice. Real estate agents not only provide the marketing, scheduling and even security advice, but make sure the home is properly presented to prospective buyers who decide to drop in and see the home.

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How Do Open Houses Sell a Home?

Higher-Priced Homes: An open house is often effective in helping to sell homes priced above the median average for a given location, especially when used in combination with the Multiple Listing Service and online listings.

Tough Market: In 2005, more than 50% of sellers used an open house, with various degrees of success. However, that rate has declined in part due to the numerous foreclosures on the market. Unfortunately for sellers, trying to compete on price alone is difficult – and costly. Instead, use an open house to showcase the property and the neighborhood. It’s one more way to help your house stand out from the crowd in a buyer’s market.

Unique or Uncommon Features: Without doubt, one of the most important reasons to hold an open house is to showcase a unique property or special features that are difficult to communicate or conceptualize. Sometimes it really is necessary to see a property to believe it, and an open house allows the buyer to fall in love at first sight by experiencing it firsthand.

Small Homes Are Trending with First-Time Home Buyers

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According to the National Association of Home Builders (NAHB), first-time homes are coming in smaller packages.

The Association recently released the NAHB Home Builder Preferences Survey, indicating that smaller homes are selling well, primarily to first-time buyers, especially to the latest cohort – millennials. The home builders interviewed for the report suggest that many people now prefer to purchase small. And U.S. Census Bureau figures support that position: the average home built in 2016 was 2,634 sq. ft., down from 2,689 sq. ft. in 2015.

“2016 marked the end of an era that began in 2009, when homes got bigger and bigger with more amenities,” said Rose Quint, NAHB’s Assistant Vice President of Survey Research. “I expect the size of homes to continue to decline as demand increases from first-time buyers.” Smaller homes are finding favor with other groups as well. Retirees who enjoy traveling find that smaller, lock-and-leave residences fit their on-the-go lifestyles, and economic realities mean that they now have to think small.

While both the downsizing and millennial buyers are comfortable with less space (and the resulting savings on utility bills), they still expect the luxurious finishes and modern amenities available in larger homes. Millennials, because that’s what’s trendy now, and retirees, because they don’t want to feel they’re settling for less.

As a result, home décor magazines and TV network programs are touting the benefits of small homes and showcasing elegant space-saving solutions designed for those who want to scale down their homes without changing their lifestyles.

Call one of Guidance Realty Homes‘ agents who can show you how to maximize your space and find the perfect home; not too small, but not too big either. Guidance Realty Homes was founded with one goal in mind – to simplify the process! Check us out online to search our top-notch listings so you can find your ideal home.

What Factors Make a Great Location GREAT?

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What constitutes a “good location,” and why are some areas particularly attractive to buyers and/or investors?

Inherent in the concept of a “good location” is the idea of a place where people want to live. This is probably close to shopping, top schools, recreational facilities, cultural amenities, restaurants, and transportation. In addition, it’s likely safe and will have well-run public services. But while good locations may be more convenient or more attractive than others, this isn’t always the case. They’re not always newer (or older) either.

Following are some factors that contribute to the value of homes in a particular area. Some may surprise you.

  • Public image: Properties located in popular, prestigious, or historic locales are often valued highly because of their perceived status or reputation, or simply because there is a narrative about the area.
  • Starbucks: Buyers are usually willing to pay more for homes that have a good “walk score.” That means they are within walking distance of shops, recreational venues, cafés and restaurants. People are choosy about what they want to walk to, however. Many buyers identify a nearby Starbucks (by name) as one reason to purchase a home in a particular neighborhood. The other top pick: parks.
  • Proximity to transit: Today’s home buyers don’t want to spend hours commuting to and from work. Gen X and Gen Y buyers, in particular, will often forgo a 3500-square-foot home in the suburbs for an 1800-square-foot property located downtown. These groups place their priorities in the ability to live closer to work, and social and cultural attractions.
  • Schools: Buyers with children prefer a location close to schools, but, interestingly, the home’s value may decline if it is located too close to one.

Buyers can be a fickle lot, and today’s top neighborhoods may be tomorrow’s also-rans. But that said, it will still always be about “location.” Searching for a good location will be much easier with the help of a professional realtor from Guidance Realty Homes.  Contact us at https://www.guidancerealtyhomes.com. Buyers who use our agents receive a commission rebate off the purchase price plus an additional $350 appraisal credit when financing online with our affiliate Guidance Residential. http://www.guidanceresidential.com.

6 Habits Successful Agents Share

In talking with agents we have noticed that the truly great agents share the attributes below: Here are 6 essential habits that great real estate agents have.

Successful Agents

Agents: Learn How To Boost Your Referral Network

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This featured Article from Realtor Magazine by Ian Grace covers how you can grow your referral network to expand your reach and market. As a registered agent with Guidance Realty you are already one step ahead. Our program’s premise is to help build your referral network and increase your closings. Read more

Does Home Ownership Have Any Non Economical Benefits?

Wondering if home ownership matters? check out this great info-graphic on the social benefits of home ownership.

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80% of Potential Home Buyers Search Online First

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Technology plays a vital role in today’s society and is transforming the way Realtors do business. That’s according to Curt Beardsley, vice president of product marketing for realtor.com, who shared his perspective on the growing mobile technology environment at the “Industry, Technology and Vision” forum during the Realtors Midyear Legislative Meetings & Trade Expo. Read more

2013 Agent Profile Report

Typical Realtor

DID YOU KNOW? For the third year in a row, difficulties in obtaining financing was the single greatest factor in preventing real estate agents from expanding their customer base. All the more reason for realtors to sign up as a Gold Agent at Guidance Realty where we connect great realtors with qualified potential homebuyers. Learn more by visiting: http://www.guidancerealty.com/agent-packages Read more

Is the Housing Market Turnaround the Real thing?

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Ever since the recovery began in 2009, a weak housing market has held back the U.S. economy. The first rebound in home prices was lackluster and after only a year was followed by another dip. But the recent upturn in home prices looks like the real thing. One clear sign of a turning point: Read more