Median Listing Price In The US Hits All-Time High
When you put your home on the market, you want the list price to be competitive—but you also want it to be high. Typically, there’s a correlation between your listing price and the offers you receive on your home—so, the higher the list price, the higher offers you’re likely to get.
And if you’re looking to get high offers, now is a great time to list.
According to recent data from Realtor.com, in March, the median home list price in the United States grew 7% year-over-year—and reached $300,000 for the first time. That means that the current median listing price is at the highest point in history.
4 Staging Secrets To Get Your House SOLD
When you’re selling your home, one of the keys to successfully finding a buyer – and getting the best price for your home – is effectively staging. Staging refers to setting up your home in a way that maximizes its saleability to potential buyers and can involve everything from minor repairs to a complete overhaul on your home decor.
Staging is an incredibly important part of the selling process, and effective staging is a key to fetching top dollar for your home. If possible, you should consider hiring a professional stager. But, in case you want to DIY and stage your home on your own, here are 4 staging secrets to make sure you get the most out of the staging process:
1. A little paint goes a long way.
One of the quickest, easiest, and most cost effective ways to update your space and make it more appealing to potential buyers is with a coat of paint. Painting a room can completely...
Want To Sell Your Home Faster—And For More Money? List On a Thursday
When it comes to selling your home, you want the entire process to be as quick and profitable as possible. And according to a recent study, there’s one thing you can do to make sure your home sells quickly and for the most money—listing it on the right day.
According to a recent study from Redfin, homes listed on Thursdays sell both faster and for more money than homes listed any other day of the week. But how much faster—and for how much more money? According to the study, homes listed on Thursdays typically went to contract five days faster than homes listed on Sundays (the day of the week homes sell the slowest) and, on average, sell for $3015 more than homes listed on Mondays (the worst day of the week to sell in terms of price advantage).
7 Pricing Myths You Need to Get Past If You Want to Sell Your Home
When homeowners are preparing to put their properties on the market, one aspect is usually foremost in their minds: money. Setting the asking price accurately can mean the difference between getting an offer quickly and having a house languish for months, drawing little interest.
With that in mind, it’s important that potential sellers block out a lot of the noise that often surrounds the intricate art and science of pricing. There are plenty of myths that may cause sellers to lose sleep at night as they attempt to separate fact from fiction.
The following are statements that can stand in the way of a successful sale.
1. ‘If we keep waiting, a better offer will come along!’
When sellers receive an offer from the first showing, they may be skeptical or hesitant to accept it, wondering if other prospective buyers would be inclined to pay more. Thoughts of...
Thinking About Renovating? These Features Can Help Your Home Sell Faster
When you renovate your home, you want to get the most bang for your buck. Not only do you want to make your home a better place for you and your family to live, but you also want your renovations to add to your home’s resale value.
But what, exactly, are the features that will help your home sell faster?
According to recent data from Realtor.com (which analyzed more than 1 million single-family listings), the top three renovations that will help you sell your home quickly and at a prime price point? A chef’s or gourmet kitchen, a theater room, and a home gym. These renovation projects were named the “most profitable home features for sellers banking on quick sales.”
Those three features were deemed the most profitable. But they weren’t...
Mortgage Rates Tumble In 2019—Making Now A Great Time To Buy
One of the biggest factors for buyers in determining the right time to buy a home? Mortgage rates. Securing a low interest rate on your mortgage can save you tens of thousands of dollars over the course of your loan while buying when rates are high can cost you tens of thousands of dollars in interest.
So where, exactly, are mortgage rates in 2019—and what does that mean for buyers?
According to a recent article in REALTOR Magazine, mortgage rates have been steadily falling in 2019. Currently, the average rate for a 30-year fixed-rate mortgage is 4.28 percent—down .17 percent from this time last year (when the rates averaged 4.45 percent). Rates for 15-year fixed-rate mortgages have fallen even more; currently, the average rate for a 15-year...
4 Tips For Buying A Home From A Distance
Chances are, if you’re looking for a new home, you’re ready for a change of scenery. And while that might mean just a new property or a new neighborhood, for many potential homebuyers, that often means a new city. And if you’re considering buying property in a city other than the one where you currently reside, you probably have a lot of questions about the process. Will you have to fly to your new city every weekend to look at properties? Will you miss out on hot properties? Is it even possible to buy without physically being in your city?
Buying a home from a distance certainly presents its own set of unique challenges, but by no means is it impossible. Here are four tips for buying a home from a distance to make the process easier, faster, and less stressful for you and your family:
1. Gather information
When you’re buying property in an unfamiliar city, the first thing you need to do is educate...
The Real Estate Market Is Looking Sunny For Buyers This Spring
The first thing that comes to mind when you think of spring is, of course, sunshine. And for buyers who are looking to purchase real estate this spring season, the forecast is looking pretty sunny.
According to a recent article in Realtor Magazine, while home prices across the country are up year over year, the outlook is improving—and homes are expected to become increasingly affordable as we move through spring. The reason for the improved affordability outlook? Falling mortgage rates, which has increased potential homeowners’ buying power and reduced the average monthly mortgage payment (according to the article, mortgage payments on an average-priced home in the US have dropped by $62 per month).
3 Common Fears Of First Time Home-Buyers… And How To Overcome Them
Buying your first home can be one of the most exciting experiences of your life. But it can also be one of the scariest.
Buying real estate is a complicated process. And if you’ve never purchased a home before, the fear of all those unknown variables can make the experience stressful, frustrating, and downright terrifying.
If you’re thinking about purchasing a home but are dealing with the fear that comes along with it, don’t worry! You’re not alone. Most first time home-buyers deal with a certain level of fear as they get ready to buy their first home.
But that fear doesn’t have to hold you back. Here are three of the most common fears of first time home-buyers (and how you can overcome them).
“I can’t afford to buy a home.”
The number one fear most first time home-buyers struggle with is the fear they can’t afford to buy a...
7 Budgeting Tips To Help You Buy Your First Home
So you’ve decided to purchase your first home. Congratulations! Purchasing a home is a huge decision, and it can be one of the most exciting and rewarding experiences of your life.
But purchasing a home requires capital, and if your savings account is looking a little trim, it means that you will have to do some budgeting in the upcoming year to make your dream of being a homeowner a reality.
Here are 7 budgeting tips to help you buy your first home:
1. Track Everything You Spend
You will not be able to make any major changes to your budget if you don’t have a firm understanding of how your money is being spent. Tracking everything you spend for a month will show you exactly how much you’re spending, where you’re spending it, how much of your budget is going towards necessities and how much of your budget is going towards luxuries.
You can keep track of all of your expenses in a spreadsheet,...