2013 has shown to be a promising year. With real estate movements up, demand is starting to finally catch up with the supply and there have been significantly fewer distressed properties weighing down the real estate system. The real estate market is beginning to thaw out so with a new year upon us, here are some real estate tips for 2013.
For those good credit buyers who are currently waiting for the bottom of the market, heads up, it’s already passed. But the good news is that home and interest prices are still very low. For sellers who are currently waiting for market improvements, it’s here! So if possible, get ready to jump back into the game. The rules have changed though. Lenders are currently wanting buyers to put a little more into the game so expect to make a higher down payment than those before. Do note that sellers will more than likely discover that buyers are having a harder qualifying for mortgages.
Save your time and potential money. Make sure all of your buyers are pre-approved. This means they’ve already had their credit and employment checked and they know how much they can borrow. You should have your agent call their loan officers. Those who are serious will find this acceptable as it shows they are ready to buy.
Almost the entirety of home searches begin online. Be wary of bad qualify photos. Consider hiring a professional photographer or videographer to create the best presentation of your home. Think about how to capture the different seasons. When in winter, show how the sun shines down onto the snow. In the spring, show your blooming blossoms. Summer shots could show your shimmering pool or beautiful lawn. Show off those vibrant autumn leaves. Always make sure to think vividly, not deceptively. Photos should always accurately show the true depths. Interiors should be right and uncluttered and highlight the absolute best outdoor views. Debate removing some of your furniture for your photos and brighten up any dark rooms.
Sometimes a remodel can help you sell your home but these days it rarely pays for itself. The average remodeling payback has dropped from about 82% down to 57%. Unless your home is a complete disaster, only focus on the smaller things. Sellers will often underestimate the large positive impact from simple home improvements such as repainting or minor fix-ups.
Before selecting your team, check out your potentials at the BBB or Angie’s List. Interview at least three different real estate agents, appraisers, title company, and if needed, an attorney, surveyor, or energy auditor. Read their reviews wisely.
Never use false hope. Make sure to price your home correctly from day one. Pricing needs to be based on comparable sales, neighborhood market trends, and an up-to-date appraisal. Never have a bloated price tag. Lower your price if no serious offers come through after the first 30-45 days
We’re working hard on the economy and are all very determined to pull out of our recession. With the home market improvement, this is the first step forward. If you’re looking to purchase a home in the Highlands Ranch area, contact The Kuchar Team today, your Highlands Ranch realtor!