Monthly Archives: November 2016

How do I determine my home’s asking price?

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brick home with for sale sign outside because of fair asking priceOne of the most common questions we hear from almost every home seller is “how much can I get for my house?”  It’s a very important question, and also a very loaded question because the process of determining the value of a home is not cut and dry.  The best way to find out is to schedule an appointment with a local realtor who buys and sells homes in your area.  A realtor can tour your home and give you the numbers that you need to decide whether putting your home on the market is the right move for you.  Here are the factors that play into those numbers:

Location

The old real estate adage “location, location, location” is set in real estate market stone.  Your neighborhood, proximity, sense of community—all of that information plays into determining the asking price of your home. It’s also one of the reasons why homes within a mile (or less) can have dramatically different asking prices.

Condition

Obviously a well-kept and maintained home is going to be worth more than another property with a bad roof and cracked windows.  The condition of your home, both interior and exterior, factors into the final price tag of your home.  It’s also one of the reasons why you should pay attention to creating a favorable curb appeal when selling your home.

Square footage (inside & outside)

The size of your home and lot are not the sole determining factors in the value of your home, but it is a part of the overall picture.  A 5,000 square foot home on a half acre lot is probably going to have a higher asking price than a 1,000 square foot home on a smaller lot, even if they are located next to each other.

Comparables

An experienced realtor that knows the ins and outs of your area can give you their opinion about what to ask for your property based on what homes have sold for around you.  Commonly called the comparables, sales of homes with similar square footage, condition, and location are one of the key factors in pricing your home.

Upgrades

If you’ve been smart about your renovations, you may be able to recoup some of the dollars (and time) you’ve invested in your home.  Upgraded kitchens and bathrooms (remodeled so it is not “over improved” for your neighborhood) can add dollar signs on to your asking price.  The exact upgrades and added value depends on the location of your home, but an experienced local real estate agent should be able to give you numbers—and the asking price that’ll get your home on and off the market.

6 Tips for Putting Your Home on the Market Over the Holidays

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home with clean walk ready for home saleWhile the holidays may not be commonly known as a strong real estate season, there are definite reasons why listing your home during the holidays is an excellent idea—and with good results.  The holiday season is an opportunity for homeowners wanting to sell their home for a variety of reasons. Home buyers this time of the year are serious about their search (they must be to take time away from buying gifts, right?).  Internet searches surge during the holidays because people have more time on the computer, phone, and tablet.

One of the most compelling reasons we’ve seen in our local neighborhoods is a lack of competition.  Home inventory in our area tends to be low around the holidays, giving your home valuable showing time with motivated buyers—showing time that you can make positive with these holiday home selling tips.

Make sure your walks are clean before a showing.

We all know how brutal Wisconsin winter weather can be.  As cold, snowy, and windy as it is, make sure your driveway and sidewalks are clear for potential buyers.  Not only do buyers appreciate a clear path to the door, a snow-filled sidewalk can send a message to buyers that the home is not well-maintained and may give buyers the impression that they can offer less.  Most importantly, if buyers can’t get to the door, they are not going to be able to see your wonderful interior.

Create an inviting holiday home.

Just because your home is on the market doesn’t mean you shouldn’t deck the halls.  A little bit of holiday decor goes a long way when staging your home for potential home buyers.  In addition, make sure your home smells pleasant (like the smell of baking cookies), but not too pleasant.  You don’t want your odor to be so strong that potential buyers have a allergy attack or think you’re trying to hide a problem.

Make those decorated rooms feel bigger.

Before you put your home on the market, de-clutter your home as much as possible.  While you are trying to create a cozy home, make sure your rooms don’t feel so cozy that potential home buyers think your rooms are small.  Pick up any items that take up valuable floor space, and do a quick inventory of your furniture.  Too much furniture in a room can make the room feel smaller.  If you feel that a large amount of furniture is in a room, put any “extra” furniture in storage.

Use holiday decorations to showcase your home.

If you have any features of your home that you want to show off, use decorations (decorations that won’t do damage) to accent them.  Show off a beautiful fireplace with a few (not too many) stockings.  For a beautiful archway, make potential buyers notice with a sprig of mistletoe.

Set a fair price.

One of the largest motivators in home buying is a fair price, set your selling price for your home carefully for a quick sale.  To find out what a fair price for your property is, contact an experienced real estate agent (who knows your area) to come and tour your home.  They can give you a fair assessment of your property, and make recommendations that can give you the ultimate holiday gift: a quick home sale.

Ask for 24-hour notice for any showings.

The holidays can be a hectic time of the year.  Make your life easier by requesting 24-hour notice before any showings, and use these tips to get your home ready for a showing quickly when you get a call.  Your realtor can give you other tips that’ll get you and your home in the holiday mood.