14,904 Homes Sold Yesterday… Did Yours?

14,904 Homes Sold Yesterday… Did Yours? | MyKCM

There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly.

After all, 14,904 houses sold yesterday, 14,904 will sell today, and 14,904 will sell tomorrow.

14,904!

This is the average number of homes that sell each and every day in this country, according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.44 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,904 homes sell every day.

The report from NAR also revealed that there is currently only a 4.2-month supply of inventory available for sale (6-months inventory is considered ‘historically normal’).

This means that there are not enough homes available for sale to satisfy all of the buyers who currently are out in the market in record numbers.

Bottom Line

We realize that you want to get the fair market value for your home. However, if it hasn’t sold in today’s active real estate market, perhaps you should reconsider your current asking price.

Access: A Key Component in Getting Your House SOLD!

Access: A Key Component in Getting Your House SOLD! | MyKCM

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers.

There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home.

Here are five levels of access that you can give to buyers, along with a brief description:

  1. Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
  2. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.
  3. Open Access with a Phone Call – the seller allows showing with just a phone call’s notice.
  4. By Appointment Only (example: 48 Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
  5. Limited Access (example: the home is only available on Mondays or Tuesdays at 2pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.

In a competitive marketplace, access can make or break your ability to get the price you are looking for, or even sell your house at all.

5 Simple Ways To Increase Your Property Value

Selling your home? Make improvements to your home to increase the likelihood that you will get a higher offer. Even small and inexpensive updates can make a difference. Do these projects before you put up your listing and schedule a staging.
(By CENTURY 21 on August 6th, 2014)

Property Value Image

Here are five simple ways to increase your property value when it’s time to sell:

1. Rethink your home’s layout: If you have three bedrooms and a home office, take out the office to make your house a four bedroom home. Removing bedrooms may decrease the value of your home. Turn it into an office, gym, or craft room then turn it back to a bedroom when you’re ready to sell. (Forbes)

2. Remove clutter: Making rooms look neat and clean is always a necessity, but take it one step further and remove the clutter and personal items from your rooms. Taking out photos, magazines, and little decorations will make the room look bigger and taking away personal items will help your buyers envision their lives there. (Forbes)

3. Front yard makeovers: The saying goes, “Don’t judge a book by its cover” but when it comes to real estate, that is hard to live by. The first impression of your home is the front yard so make sure it is neat and tidy. Plant some new flowers, mow the lawn, and touch up any exterior paint that might need some attention. (DIY Network)

4. Maintenance work: The last thing buyers want to see when they walk into your kitchen or bathroom is rusty, leaking pipes, or a faucet that looks like it has seen better days. Take a weekend and give attention to any little repairs around the house. It could be as easy as replacing old door knobs and faucets. Paint your home neutral colors to minimize the chance that your design aesthetic will clash with the aesthetic of your potential buyers. (This Old House)

5. Update appliances: The kitchen is a huge selling point for potential buyers. If your kitchen appliances are old and outdated buy newer versions. While you’re at it, take your kitchen from good to great without breaking the bank.

Complete these simple tasks before selling your home to increase the likelihood that you’ll get a higher offer.

– See more at: http://blog.century21.com/2014/08/5-simple-ways-to-increase-your-property-value/#sthash.1K2Ufjic.dpuf