Katie McBride | Hopkinton Real Estate, Holliston Real Estate, Ashland Real Estate


If you intend to sell your home, it often pays to hire an expert home appraiser. With this professional at your disposal, you can learn about the true value of your house relative to the competition and map out your home selling journey accordingly.

Ultimately, there are many reasons to work with a home appraiser, and these include:

1. You can gain insights into the housing market.

During a home appraisal, a property appraiser will inspect your residence from top to bottom. Then, this appraiser will offer a report that includes a valuation of your home.

A home appraisal report includes insights beyond the condition and age of your house. In fact, a home appraiser will look at the prices of similar houses in your area and evaluate your home in relation to comparable residences. By doing so, a home appraiser can provide a report that may help you prep to enter a buyer's or seller's market.

2. You can identify potential home problems.

Let's face it – no homebuyer wants to purchase a house with cracked siding or a leaky roof. Fortunately, a home appraisal can help you identify and resolve any potential problems early in the home selling process.

Typically, a home appraiser will look at a house's roof, its heating and cooling system and other interior and exterior features. If the appraiser discovers any home problems, these issues will be defined in an appraisal report.

Use a home appraisal report to understand assorted home problems – you'll be glad you did. Thanks to this report, you can take the necessary steps to mitigate various home issues.

3. You can establish a "competitive" price for your house.

As a home seller, your goal is to maximize the value of your residence. A home appraisal can help you do just that, as this assessment enables a home seller to define a "competitive" home price, regardless of the current real estate market's conditions.

When it comes to selling a house, performing a housing market analysis may prove to be insufficient. However, after a home appraisal, a home seller can better understand how a residence ranks against the competition and price it appropriately.

Establishing a competitive price from day one is essential for a home seller. And with a home appraisal, a home seller can set a fair price for a residence, increasing the likelihood of a fast home sale.

Before you list your residence, you should consider the aforementioned reasons to work with a home appraiser. If you employ a home appraiser today, you can boost your chances of accelerating the home selling cycle and maximizing the value of your house.

Lastly, if you need help finding a home appraiser, you should consult with a real estate agent. This housing market professional can offer unbiased home appraiser recommendations and put you in touch with the best home appraisers in your area. Perhaps best of all, a real estate agent is happy to provide expert advice throughout the home selling journey to ensure that you can get the best possible results.


You've decided to sell your home and listed your residence with a real estate agent. Now, you'll need to prepare for your first open house.

Ultimately, hosting an open house can be a stressful experience, particularly for a first-time home seller. Lucky for you, we're here to help you take the guesswork out of getting your house ready for potential homebuyers.

Here are three tips to ensure that you can prep your residence for an open house.

1. Get Rid of Clutter

De-clutter your house as much as possible – you'll be happy you did. With clutter out of the way, homebuyers should have no trouble assessing every nook and cranny of your residence.

For those who possess a large assortment of clutter, it may be worthwhile to donate items to charity or host a garage sale. Also, you may be able to sell your excess items online.

Don't forget about family members and friends, either. If you have excess items, family members and friends may be willing to take them off your hands for free. By doing so, they'll be able to help you de-clutter your house and ensure that it looks great during an open house.

2. Clean As Much As Possible

There may be only a few days before your open house, but you should try to take advantage of any free time at your disposal.

Use your time wisely and clean up your home as much as you can. You can clean rugs and carpets, wipe down walls and floors and much more. If you need extra assistance, you can always hire a professional cleaning company to help out as well.

For home sellers, it is paramount to make a positive first impression on homebuyers. And if you commit the necessary time and resources to clean your residence, you may be able to boost your home's chances of making a long-lasting impression on homebuyers.

3. Consult with Your Real Estate Agent

Your real estate agent is available to help you before, during and after an open house. As such, he or she is happy to provide tips so you can get your residence ready for an open house in no time at all.

With an expert real estate agent at your disposal, you'll be able to prioritize home maintenance and repairs. This real estate professional will be able to explain the importance of an open house, along with the steps that you can take to transform your ordinary residence into an unforgettable one.

Plus, your real estate agent will help you minimize stress in the days leading up to your open house. He or she will be ready to answer your open house concerns and questions and ensure that you can set realistic expectations for the event.

Getting ready for an open house may seem like a time-consuming and exhausting process. Fortunately, your real estate agent will make it easy for you to plan accordingly and ensure that your open house is a resounding success.


BlogImage1 In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.

SUPPLY

The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market. BlogImage2

DEMAND

Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer demand in March was strong or very strong in 45 out of 50 states nationwide, and Washington, DC. BlogImage3 Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream homes (if they are even able to find a home they wish to purchase). Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.

HOME EQUITY

Many homeowners underestimate the amount of equity they currently have in their homes. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their homes. In reality, CoreLogic’s latest Equity Report tells us that 78.9% actually do!BlogImage4 Many homeowners who are undervaluing the equity they have in their homes may feel trapped, which may be contributing to the lack of inventory in the market.

Bottom Line

If you are debating selling your home this year, let's meet up to evaluate the equity you have in your home, as well as the opportunities available in your market.  

STMThe most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forecasted to be on pace for 5.54 million in 2017, a 1.7% increase over 2016, which was the best year for sales in a decade. The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed. According to NAR’s Chief Economist, Lawrence Yun,
Pending sales bounded last month as enough buyers fended off rising mortgage rates and alarmingly low inventory levels to sign a contract.

So, what’s the problem?

Buyers are searching for existing homes, but supply is not keeping up with their demand! Yun went on to explain,
The main storyline in the early months of 2017 will be if supply can meaningfully increase to keep price growth at a moderate enough level for households to absorb higher borrowing cost. Sales will struggle to build on last year’s strong pace if inventory conditions don’t improve.” (emphasis added)

Bottom Line

Buyers are out in force right now! If you are considering selling your home this year, the early months of 2017 will be your best option. Let’s get together to discuss how you can capitalize on current market conditions.

STM-Share12 It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2016. Here is a graphic showing the results: Calendar-2016-Listing-Dates-STM-1024x385 The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,820,000.

That number spiked to 2,140,000 by May!

What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for a home right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition for a buyer.

Bottom Line

It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.



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