Archives
December 2008
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Ready to sell? With a market that fluctuates you need to have information available to you in order to price your property competitively based on current market conditions. You know how much you paid for your property, now it's time to determine an asking price which is going to make it attractive to prospective buyers as well as make you happy!
A professional Realtor® can help you determine a realistic price to ask for your property. They will research recent sales in the neighborhood and will provide you with information about current properties on the market and current asking prices. In this way, the Realtor® can determine a good selling price for your home based on such factors as the condition, location and size of your home. The Realtor® can also let you know of properties that have been sitting on the market for some time, possibly due to over inflated asking price.
Naturally once the seller has decided to place his/her home on the market, they would like to close a deal as quickly as possible as well as making as much of a profit as they can. However, an over inflated asking price may not only delay the sale of the property but may also result in the owner settling for less than the bottom end of his asking price.
The Realtor® wants both buyer and seller to be happy. Therefore, they will assist you determine a realistic price based on their knowledge of the market and years of experience closing deals. So don't over inflate! You may end up cutting your own profit.
with permission Realty Tips
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I wonder what your plans are for the week between Christmas and New Year’s Day. In my real estate career this last week of the year is slow in the real estate world and this gives me time to get ready for the big push to make a great start in the New Year. I love getting the office organized, the file drawers changed out for another year. My husband is a custom home builder so I get his files changed over also for the coming year. I often get a little extra organizing of cupboards etc done during this week. I am looking forward to another busy year in the real estate world and being organized is the secret to success. Finish up your year in a big way. Gets lots accomplished this week!
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Interest rates still seem to be hovering around 5%. I don’t think it is likely they will go much lower. But, who am I to say! I have been hearing it is the people who purchased a loan between 2004 through 2008 that should be refinancing. They are more likely to get quick recapture costs. These low interest rates won’t last forever. I think they say if the current interest rate is one percent or more lower than your interest it is probably worth the cost to refinance.
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Homeowners offering their property for sale commonly work hard to display it at its best. Fresh paint, pristine interior and a neatly landscaped, uncluttered yard can justify maximum market value for a home.
Often, though, these surface conditions are all that separate a home that sells for top dollar and one that is a real bargain, if you're willing to look beneath a grubby, poorly maintained exterior to the value beneath.
Obviously, a low purchase price must be balanced against the cost of repairs. Paint, elbow grease and your spare time can add a lot of value without much expenditure, but professional repairs to leaky plumbing, bad wiring and the like will quickly turn your "bargain" into an expensive proposition you'd be better off without.
Similarly, earth moving equipment and land clearing can be capital intensive, but imaginative landscaping techniques applied to a yard that is shabby and raggedly maintained can do wonders for a bargain home's surroundings.
Learning to look beneath the surface can result in real savings for canny homebuyers.
--Realty Tips
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The winds of change have blown through our legal system over the past years and Real Estate law has been no exception.
The legal obligation of Realtors® to buyers and sellers is more clearly spelled out by law than it ever has been and this trend will no doubt continue. Realtors® are held legally and financially liable if they fail to follow proper business practices.
The Realtor® who lists your home is working for you and will attempt to obtain the highest selling price possible for your home. Law obligates a listing agent, to disclose all known defects to potential purchasers. The Realtor® who works for the purchaser works to help locate a desirable property and then negotiate the best deal possible.
Both Realtors® must treat what their clients tell them as confidential. A seller's agent would know the lowest price the seller would take and the buyer’s agent would know his clients maximum potential offer but cannot disclose this information. Their job is to act as their client's negotiator.
If a Realtor® is acting for both the seller and the buyer, there must be written consent by both parties. The Realtor® can disclose only what they are specifically told to reveal by either party.
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There are 3 homes for sale in Top of Skyway with prices ranging from $699,000 to $2,500,000
Eight properties sold this year with prices ranging from $489,900 to $842,000.
The last sale was on Electra Drive on October 15, 2008
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Skyway Heights update-December 8, 2008
There are currently 3 homes for sale in Skyway Heights with prices ranging from $649,900 and $780,000.
Five properties closed this year with prices ranging from $525,000 to $700,000
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Date: Dec. 5, 2008
Tags: None
Austin Heights—Update Dec 5, 2008
There are currently twelve homes for sale in Austin Heights with prices ranging from $379,000 to 599,000
Three other properties are under contract or pending with prices ranging from $269,000 to $474,900
Seven properties sold this year with prices ranging from $290,000 and $489,000
These are excellent sale prices for this area. Call or email anytime if you have questions.
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What a great time to purchase a loan. I heard this morning that interest rates are hovering around 5.25% This is awesome. I hear there is some talk of interest rates going even lower! In my opinion interest rates are always lower in December. Buyers--it is time to purchase that home that you have always wanted. Call me today! 719-499-6377
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