• Typical Reasons Why Your House Might Not Be Selling Typical Reasons Why Your House Might Not Be Selling

    0 comments / Posted on by Steven Rivera

    Typical Reasons Why Your House Might Not Be Selling

    So you’ve listed your home for sale and it’s been showing, and showing, and showing, and…not selling. That means it’s time to make some changes, especially if your home has been on the market more than 30 days.  

    Most realtors would agree that buyers right now are really savvy. They have a lot of ways to do market research. If it’s sitting on the market for more than 30 days, typically buyers are asking, ‘What’s wrong with it?’”  

    If home has spent too many days on the market, this is usually interpreted as a negative quality signal, as buyers speculate that there are may be flaws which made the property hard to sell to previous buyers.

    Having your home sit on the market is more than just frustrating—it’s probably costing you money.  The longer a listing sits, the more the sale price will fall below list price. So every day that your home isn’t selling, it is, statistically, going to sell for less. 

    Here are some likely reasons your home isn’t selling.

    The Price Is Too High

    Pricing a house too high is a common mistake: according to area real estate agents, pricing a home incorrectly is the biggest error sellers make.

    Pricing a home for sale is tricky. There are a lot of ways to slice the data to determine your home’s fair market value. And while data, usually from sales of comparable homes in the area, is important, a top agent’s experience can be invaluable when...

    So you’ve listed your home for sale and it’s been showing, and showing, and showing, and…not selling. That means it’s time to make some changes, especially if your home has been on the market more than 30 days.  

    Most realtors would agree that buyers right now are really savvy. They have a lot of ways to do market research. If it’s sitting on the market for more than 30 days, typically buyers are asking, ‘What’s wrong with it?’”  

    If home has spent too many days on the market, this is usually interpreted as a negative quality signal, as buyers speculate that there are may be flaws which made the property hard to sell to previous buyers.

    Having your home sit on the market is more than just frustrating—it’s probably costing you money.  The longer a listing sits, the more the sale price will fall below list price. So every day that your home isn’t selling, it is, statistically, going to sell for less. 

    Here are some likely reasons your home isn’t selling.

    The Price Is Too High

    Pricing a house too high is a common mistake: according to area real estate agents, pricing a home incorrectly is the biggest error sellers make.

    Pricing a home for sale is tricky. There are a lot of ways to slice the data to determine your home’s fair market value. And while data, usually from sales of comparable homes in the area, is important, a top agent’s experience can be invaluable when...

    Read more

  • Reasons To Consider Investing In Rental Property In Today’s Market Reasons To Consider Investing In Rental Property In Today’s Market

    0 comments / Posted on by Steven Rivera

    Reasons To Consider Investing In Rental Property In Today’s Market

    The real estate market is constantly changing, with investment approaches shifting as new market trends and area-specific information drive change. What worked twenty, fifteen or even five years ago may not work now or in the new year to come. Successful real estate investors need to constantly consider market trends in order to continue growing within their industry.

    The Real Estate Market Could Crash In The Next Few Years (Or Sooner)

    There are many signs that another real-estate market crash is on the horizon. Zero or low down payment mortgages are again becoming a thing. Real estate prices have risen dramatically while incomes have basically stagnated, which suggests a lot of people may be getting in over their heads. With market conditions changing it makes sense to invest in rental properties in 2019.

    Increased Demand For Rentals Due To The Shift In The Market

    Most young home buyers are more savvy than you may think and realize that this is not the right time to purchase due to the market trend - higher interest rates historically bring down the home value , therefore the demand for rentals will increase in the New Year as it is becoming apparent that purchasing may not be the way to go for now.
    In the past the thinking process was that if home prices go down, you can just sit tight for a couple of years until they come up again. In my opinion those home buyers should be prepared for a long wait. I have a friend who bought a house...

    The real estate market is constantly changing, with investment approaches shifting as new market trends and area-specific information drive change. What worked twenty, fifteen or even five years ago may not work now or in the new year to come. Successful real estate investors need to constantly consider market trends in order to continue growing within their industry.

    The Real Estate Market Could Crash In The Next Few Years (Or Sooner)

    There are many signs that another real-estate market crash is on the horizon. Zero or low down payment mortgages are again becoming a thing. Real estate prices have risen dramatically while incomes have basically stagnated, which suggests a lot of people may be getting in over their heads. With market conditions changing it makes sense to invest in rental properties in 2019.

    Increased Demand For Rentals Due To The Shift In The Market

    Most young home buyers are more savvy than you may think and realize that this is not the right time to purchase due to the market trend - higher interest rates historically bring down the home value , therefore the demand for rentals will increase in the New Year as it is becoming apparent that purchasing may not be the way to go for now.
    In the past the thinking process was that if home prices go down, you can just sit tight for a couple of years until they come up again. In my opinion those home buyers should be prepared for a long wait. I have a friend who bought a house...

    Read more

  • Preparing Your Home for the Fall Preparing Your Home for the Fall

    0 comments / Posted on by Steven Rivera

    Preparing Your Home for the Fall

    Unfortunately, the summer season is over.  The days are getting shorter and the weather is starting to change.  This is the perfect time to complete the housework that you have been putting off until now.  Not only is it the perfect time to wrap up the loose ends from the summer, it is also time to be preparing your home for the fall and upcoming winter season.

    Proper fall home preparation is especially important if you are looking at putting your home up for sale.  Here are some important tips in preparing your home for the fall.

    Indoor

    Make sure to check all doors and windows for air leaks.  Improperly sealed doors and windows can really drive up your energy consumption and heating bills as the temperatures drop.  Make sure to replace all worn weather stripping or add more weather stripping to close gaps.  For doors, look at adding a door stop to the bottom of the door for a better seal.

    It is also a good idea to have your heating system checked and cleaned. A properly running furnace is not only for safety, it will also ensure lower energy bills this fall.  Make sure to book early to avoid this busy season and lengthy wait times.

    Unfortunately, the summer season is over.  The days are getting shorter and the weather is starting to change.  This is the perfect time to complete the housework that you have been putting off until now.  Not only is it the perfect time to wrap up the loose ends from the summer, it is also time to be preparing your home for the fall and upcoming winter season.

    Proper fall home preparation is especially important if you are looking at putting your home up for sale.  Here are some important tips in preparing your home for the fall.

    Indoor

    Make sure to check all doors and windows for air leaks.  Improperly sealed doors and windows can really drive up your energy consumption and heating bills as the temperatures drop.  Make sure to replace all worn weather stripping or add more weather stripping to close gaps.  For doors, look at adding a door stop to the bottom of the door for a better seal.

    It is also a good idea to have your heating system checked and cleaned. A properly running furnace is not only for safety, it will also ensure lower energy bills this fall.  Make sure to book early to avoid this busy season and lengthy wait times.

    Read more