Thinking of selling your home? The photos you include in the listing description can pique a buyers interest or prompt them to keep scrolling. Below are several tips to help you present your home in the best light and stage your home for listing photos. Forward this information to family and friends who are thinking of putting their homes on the market.
Sales volume rebounded for December, increasing 21.5% to 1,313 single family home sales. This is nearly an identical rebound from the 21.4% drop from October to November (1,375 sales down to 1,081 sales). This marks an increase in sales after four months of consecutive decline. Equity sale dominate the market, accounting for 87.5% of all sales (1,145 units). The remainder of sales comprised of 80 Short Sales (6.1%) and REO sales (6.7%). For the month, REO sales increased 26.4%, short sales decreased 1.6% and conventional sales decreased 1.4%.
Of the 1,313 sales this month, 202 used cash financing, 661 used conventional (mortgage‐backed) financing, 318 used FHA (Federal Housing Administration), 100 used VA (Veteran’s Affairs) and 32 used Other* types of financing. The average DOM (days on market) for homes sold this month was 41, while the Median DOM was 26. These numbers represent the days between the initial listing of the home as “active” and the day it goes “pending.” Breaking down the Days On Market, there were 709 listings that sold between 1 – 30 days, 287 listings that sold between 31 – 60 days, 160 between 61 – 90 days, 81 between 91 – 120 days and 76 sold after being on the market for over 120 days. See comparison of sales volume for 2013 and 2014 below.
The month‐to‐month median sales price increased 1.1% from $265,000 to $268,000. The current level is 7.2% above the $250,000 median sales price of December 2013. The current figure is up 67.5% from the January 2012 low of $160,000. When compared to the all‐time high ($392,750/Aug. ’08), the current figure is down 31.7%.n
Active Listing Inventory in Sacramento County decreased for the month, down 19.2% to 2,427 (from 3,002 listings). Compared year‐to‐year, the current number is up (32.2%) from the 2,836 units of December 2013. Following this drop, the current months of inventory decreased 35.7 % to 1.8 months.
Open the windows! Let in the fresh air! Spring has sprung!
It is time for picnics, long walks, froliking outdoors, and spring cleaning. In order to help you organize, we’ve made a series of printable spring cleaning checklists. To save the best for last we are starting with the least dreaded room to clean – the bathroom.
Whether it’s an Open House, or simply presenting your home in the best light, it is necessary to view it from the eyes of a buyer! Any money spent in this area may result in increased profits and a faster sale.
Maximizing Curb Appeal
Before potential buyers even see what the home has to offer, they view its exterior. As a result, an unkempt or unattractive view of the outside of the home could potentially result in a missed opportunity. To show the house in its best light, consider the following:
* Move all materials, including garbage cans and gardening supplies, from the front yard and into a garage or shed
* Mow the lawn and weed and maintain all planted areas
* Replace any outdoor light bulbs that are not working
* Sweep walkways and steps, and remove all small items from the porch or patio
* Replace worn or badly stained door mats
Once a potential buyer enters the home, they need to determine if it will meet their needs and expectations. Give them the best view of the home’s interior by following these steps:
* Remove the home of any clutter by limiting decorative objects and clearing all unnecessary appliances from the kitchen countertops
* Rearrange or remove furniture to highlight the space in a room
* Review each room and clean or vacuum if necessary
These tips can help ensure you receive the highest price possible for your home.