Archive for the ‘Selling a home’ Category

Zestimate Guesstimate

Wednesday, October 22nd, 2014

MissedAccording to Zillow’s own research, Zillow’s median margin of error in Iowa is 5.8%. This doesn’t sound like much until one thinks through this statistic. The median, by definition, is that one half of the homes will sell outside the 5.8% range. What does this look like in practice? The average sales price of a home in Ames is approximately $200,000. Lets assume for example that Zilow’s Zestimate for a residential home is $200,000. According to Zillow, there is a 50% chance that the sales price will be between $188,400 and $211,600. The total range is $23,200. Conversely, Zillow acknowledges that their Zestimate has a 50% chance of being wrong by more than 5.8%. It is equally likely that the actual sales price might be outside their stated range. Therefore the actual sales price could easily be $185,000 as it might be $215,000? Who knows? We know!! What confidence can this Zestimate give a home seller or a home buyer? By Zillow’s own admission, this is precisely why a Hunziker & Associates Realtor is required. We know the market.

Home Prices Zoom up 10.5% Over Last Year

Wednesday, May 8th, 2013

HomePriceIndex

 

 

Nationally home prices in March were 10.5 percent higher than a year ago – and a bit more if distressed sales weren’t counted, says market researcher CoreLogic.

The overall change was the biggest year-over-year jump in seven years and the 13th straight month for home price gains.

Decorating or Distracting?

Tuesday, February 26th, 2013

While this may look cute, we usually recommend removing most family photos while trying to sell your home because they are distracting to buyers and make them feel like they are invading someone else’s personal space. Neutral photos, such as of landscapes, would be less of a concern and might still be OK to leave up if the arrangement looks this nice. Ask your Realtor® for input to help you achieve the balance between decorating and distracting.

http://pinterest.com/pin/33777065927579354/

The Air Freshener Dilemma

Friday, February 22nd, 2013

One of our most popular Facebook posts ever, was a survey with the question, “What should a home for sale smell like?” Fragrance is a very personal choice. Some aromas can be a delight to some, but a negative to others. Worse yet, some home buyers could even have a medical reaction to strong air fresheners if they have allergies or asthma. So what is a seller to do?

Here is an article with some interesting tips. If cleaning isn’t enough to remove all the odors from your home and you want to use an air freshener, the best advise is to keep it simple and keep it light.

http://realtytimes.com/rtpages/20130222_smellthat.htm

Kitchen Trends for 2013

Monday, February 4th, 2013

From houselogic

“If you’re looking to remodel your kitchen, we’ve got good news and bad news.

First, the good stuff. According to trend experts Lita Dirks and Dominick Tringali, you don’t have to shell out major cash to add space. Instead, look to expand what you already have. Vault your ceiling, add windows, squeeze in clever storage ideas. Make the space work harder, not bigger.

Plus, relax. Casual kitchens are trending, with doo-dads and gee-gaws (think elaborate trim and vent hoods that look like medieval castles) going away, and simpler, sleeker designs coming on strong…”

5 Reasons You Should List Your House Today

Monday, January 28th, 2013

From our friends at the KCM Blog…

“Many homeowners are waiting until the Spring ‘buying season’ to list their homes for sale. …These are five good reasons why you should consider listing your house today instead of waiting.

1.) Demand Is High

Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing.

2.) Supply Is Low

The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. The current month’s supply is down 21.6% from the same time last year. Historically, inventory increases dramatically in the spring. Selling now when demand is high and supply is low may garner you your best price.

3.) New Construction Is Coming Back

Over the last several years, most homeowners selling their home did not have to compete with a new construction project ………. read the full post.

4.) Interest Rates Are Projected to Inch Up

The Mortgage Bankers’ Association has projected mortgage interest rates will inch up approximately one full point…………read the full post.

5.) Timelines Will Be Shorter

The dramatic increase in transactions caused many challenges to the process of buying or selling a home in 2012……………read the full post.”

 

Organization sells

Monday, January 21st, 2013

Which do you think will appeal to a buyer? Organization is important when selling a home!

Photo courtesy of Lowes®

Friday, January 11th, 2013

 

Trulia: Asking Prices Up 5.1% in 2012

Wednesday, January 9th, 2013

From Trulia….

“The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed homes and therefore show what’s really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. With that, here’s the scoop on where prices and rents are headed…”

Read the article

Wall Street Journal: Don’t Let Your House Sale Fall Through

Tuesday, December 18th, 2012

From the Wall Street Journal…

“Encouraging signs in the housing market may entice more homeowners to put their properties on the market in 2013.

Still, it isn’t exactly a seller’s market yet—and deals can fall through at the last minute for a variety of reasons. Financing delays, low appraisals, title problems, home inspections and even buyer’s remorse can interfere with a seller’s ability to close.

The good news: Many of these problems are preventable if sellers are proactive and involved, says Lanny Baker, president and chief executive of ZipRealty Inc., a residential real-estate brokerage. Here are some tips…”

Read the article