Kalamazoo Real Estate BlogRecently posted or modified blog posts in the category - Selling Your Homehttps://www.michiganhomegirl.com/blog/Copyright MichiganHomeGirl.com2022-11-14T06:47:04-07:00tag:michiganhomegirl.com,2012-09-20:4449Overpricing Your Home
Overpricing Your Home
Do me a favor. Do not be one of those sellers that prices your home like, ridiculously high. Overpricing is the kiss of death. It doesn’t matter what market we’re in. It’s literally the worst thing you can do, and buyers can smell it a mile away. (upbeat music) So you hear it all over the news. We are in a housing crisis. There are not enough homes for sale. There are more buyers who want to buy homes than there are, homes listed. We have a situation here. So a lot of times sellers think well great. I’ll just stick a sign in the yard and price it exactly what my zestimate says, and I’m going to get multiple offers. Well, it’s not that simple,. Because the buyers out there are smart. We know you’re smart because you have access to the data. So if you sense that a home is overpriced, you’re just going to sit back and wait, so you’ll just be patient and wait for the seller to reduce their price. So sellers don’t do that. That’s literally the worst thing you can do. It’s a slippery slope, because then the buyers smell it a mile away. So price your home right the first time. It doesn’t matter how hot the market is. You always want to price it right and let the buyers dictate where the value is going to go. It doesn’t matter what your Zestimate says. It doesn’t matter what Redfin says. A house is only worth whatever a buyer is willing to pay. But you have to have perceived value out of the gate, or else you could be in the danger zone. If you agree, if you disagree, let’s have a conversation in those comments and don’t forget to Subscribe. 2022-06-04T06:00:00-07:002022-06-03T20:23:28-07:00Janice Allentag:michiganhomegirl.com,2012-09-20:4361Are Zestimates Accurate?
Zillow - Are Zestimates Accurate?
Zestimate is the value that Zillow gives your home. You can get your home’s value in the time it takes to type in your address. Zillow uses their Zestimate tool to make money.
Zillow uses their Zestimate tool to make money. That’s right … Basically, Zillow sells your information back to realtors who want to help you sell your home. That’s how Zillow can afford to provide you with the great tools that they have on their website. But those tools are often inaccurate.
Actually, a lot of companies have tried to create automated property valuation tools but because of how different one home is from another, no one has been able to create an accurate one.
Zillow’s algorithm crunches the sales prices that supposedly similar properties in the same geographic area as yours. Then they take an average of those prices to come up with a price for your property. BUT … here’s the thing … the Zestimate can’t tell if you’ve remodeled your kitchen, if your home is custom with high end features, or just a basic square box with no thrills. It cant tell if your home has been well maintained or if you’ve got some 1970s green shag carpet and yellow Frigidaire appliances … you know what I’m talking about .. right?
Here's what it boils down to … If your home is relatively new, like new enough that no one in the neighborhood has likely done any remodeling, and your neighborhood was built by a production builder, meaning, that they had a limited set number of floorplans with limited options that you could choose from, then your zestimate is likely fairly accurate, IN A BALANCED MARKET. More on that in a minute.
If your home is older or a custom-built home or is surrounded by custom built homes, or there are homes in your area that are very different from yours, you likely can’t trust the zestimate. It could be a lot higher or a lot lower than your actual value. Call a realtor and get your opinion on your home’s value.
But wait! There’s more! When markets are strongly favoring the buyer or the seller, the zestimate might be inaccurate regardless of the type of home you have. In a balanced market, home prices depend on what’s recently sold. And the zestimate is based on recently closed sales.
A large part of determining probable sales price is what is active on the market at the time you list your home. If a home like yours is in high demand, and when it goes active, there are very few other homes like it to choose from, you may want to list above the recently closed sales. Similarly, when a market is leaning strongly towards a buyers’ market, you may not get as much as someone who sold before you did.
I hope you found this information useful. Thanks for watching and don’t forget to subscribe.
2022-05-21T07:47:00-07:002022-11-14T06:47:04-07:00Janice Allentag:michiganhomegirl.com,2012-09-20:4103Timeframe for Getting Your Property on the Market
"Can you come over tomorrow?" Here's a general timeline for getting your property on the market. 2022-04-14T06:00:00-07:002022-04-13T20:17:40-07:00Janice Allentag:michiganhomegirl.com,2012-09-20:4036Helping Families Move from Jan-Mar 2022<img src="https://assets.site-static.com/userfiles/2996/image/jan_-_mar_2022_blog.jpg" width="560" height="383" />
So BLESSED and HONORED to have helped 16 incredible people and families move so far in 2022! We helped set 9 neighborhood records and hope to do more in the coming months! My clients’ trust is and always will be, PARAMOUNT!2022-04-04T09:00:00-07:002022-04-02T19:22:40-07:00Janice Allentag:michiganhomegirl.com,2012-09-20:3739Best Advice For Showing Your Home
Best Advice For Showing Your Home
Dark & smelly houses hurt your chances of getting a buyer to want to buy your house. .2022-02-17T07:00:00-07:002022-02-13T15:35:42-07:00Janice Allentag:michiganhomegirl.com,2012-09-20:3069You Should Consider Selling This Fall For These Reasons<img src="https://assets.site-static.com/userfiles/2996/image/fall_image.jpg" width="750" height="410" style="font-size: 17px;" />
You Should Consider Selling This Fall For These Reasons
Four Reasons to Sell
You know that sellers market we’re all living in today? It won’t last forever. If you're thinking of making a move, there may not be a better time than right now. Don't let the perfect opportunity slip away! Here are four reasons to put your house up for sale sooner rather than later.
1. You Can Expect Your House to Sell Quickly
According to the National Association of Realtors' (NAR) Realtors Confidence Index, homes continue to sell rapidly - on average, homes are selling in only 17 days. That's excellent news for you as a seller.
The days on market measure buyer interest. If homes are selling quickly, buyers must be more decisive and quick to submit an offer before other purchasers swoop in.
2. Buyers Are Ready To Compete for Your Home
Homes are selling quickly and getting numerous bids. Sellers are getting an average of 4.5 offers according to the same poll, with some being quite competitive. The graph below compares the current number of offers to previous years:
<img src="https://assets.site-static.com/userfiles/2996/image/AVG_NUMBER_OFFERS_RECEIVED.png" width="1000" height="750" />
Today's buyers are well aware that bidding battles are likely, and they're preparing to battle it out. You can choose the offer that makes sense for your situation and financial well-being by receiving many bids on your property.
3. When Supply is Low, Your Home Will Be the Center of Attention
The current stock of houses for sale is one of the most difficult obstacles for eager buyers. Despite this, it continues to near-record lows. The chart below compares today's low inventory to previous years', the lighter the blue, the lower the housing supply.
<img src="https://assets.site-static.com/userfiles/2996/image/months_of_homes_for_sale.png" width="1000" height="750" />
If you're trying to capitalize on buyer interest and get the most attention for your property, selling now before more homes appear on the market may be your best bet.
4. Now May Be the Perfect Time to Move-Up
Today, homeowners are gaining a significant amount of wealth thanks to equity accumulation. You can use your equity and current low mortgage rates to assist you to power your relocation right now. However, these near-historic mortgage rates won't last indefinitely.
Interest rates are expected to rise, according to experts. Freddie Mac predicts they don't anticipate a sharp increase. They expect 30-year fixed mortgage rates will be around 3.4 percent at the end of 2022, increasing to 3.8% by the fourth quarter of that year.
When rates rise, your monthly payment will go up, and as a result, and by extension your purchasing power.
Summary
Don't put it off any longer. This season offers sellers a unique opportunity, thanks to the lack of housing supply, low mortgage rates, and extremely motivated buyers. Allow me to explain why it's a good idea to put your house on the market right now if you're thinking about selling. Call, text, or email me today for a free home market evaluation.
2021-09-11T09:28:00-07:002021-09-11T09:48:43-07:00Janice Allentag:michiganhomegirl.com,2012-09-20:3030How to Sell Your Home Using Digital Photography
Digital Photography
How to Sell Your Home With Great Photos2021-08-25T21:15:00-07:002021-08-25T21:18:22-07:00Janice Allentag:michiganhomegirl.com,2012-09-20:2877Selling Your House - Things to Consider
For a copy of my Home Seller's Guide on Things to Consider When Selling Your Home, click the PDF link below:
===>>> <a href="https://assets.site-static.com/userfiles/2996/file/SellingYourHouseSummer2021.pdf">Selling Your House Summer 2021.pdf</a>2021-07-12T14:18:00-07:002021-07-12T14:42:08-07:00Janice Allentag:michiganhomegirl.com,2012-09-20:2399Why You Should Consider Selling in the Winter<img src="https://assets.site-static.com/userfiles/2996/image/selling-in-the-winter-attracts-serious-buyers.jpg" alt="Selling In Winter Attracts Serious Buyers" title="Selling In Winter Attracts Serious Buyers" height="410" width="750" />
The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities.
Selling in the winter can give you a few advantages. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking no matter the time of year. Keeping your house on the market in the winter might bring the right buyer to your door. Real estate agents also tend to be less busy during these months and commit more time to getting your home sold.
Studies have shown winter buyers are buying because they need to move right away either for a relocation or personal situation. They will want to close quickly and allow for a much smoother sale.
Bottom Line
If you need to sell your home right away, or have some time but want to see what is out there, consider listing in the winter. Most homeowners who are going to sell will list their home in the spring, making for a competitive market. The winter allows buyers who are in a hurry to move consider your home and sell for more money than you would have in the spring.2021-03-05T08:04:00-07:002021-03-05T08:06:46-07:00Janice Allen