• 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

  • Consider Your Pets When Buying a Home Consider Your Pets When Buying a Home

    0 comments / Posted on by Steven Rivera

    Consider Your Pets When Buying a Home

     

    If you have dogs, cats, or other pets in your family, you'll want to take their needs into account when you're looking to buy a house. Yes,really. Your furry friends might seem easygoing, but certain homes—and neighborhoods—are more pet-friendly than others.

    Here are some things to consider that often get overlooked; keep them in mind when looking for place where you and your pets can live in peace.

     

    1.  Consider the local pet laws.

    Even if you own a piece of property, it's not guaranteed that your pets will be welcomed there.  Depending on the number and the breed, there may be restrictions especially within an HOA condo development.  

    Some considerations

    • Some HOAs or condo developments restrict the number or type of pets you can have, or spell out how your pet must be restrained in common areas
    • In condo developments, there is often a limit on the number of pets per unit.
    • If you have a breed that tends to bark a lot, find out if your HOA enforces any noise ordinances.

     

    2. Check out the yard and fencing.

    Having a yard where pets can roam is amazing, of course, but keep in mind that if you want to keep your pets in (or other critters out), you'll have to have a fence—or build one.

    There may be zoning laws that only allow underground electric fencing, restrictions on the size or materials allowed for outdoor kennels or dog runs, and most neighborhood zoning will not allow animals to run free, so if you’re looking for a country setting, always...

     

    If you have dogs, cats, or other pets in your family, you'll want to take their needs into account when you're looking to buy a house. Yes,really. Your furry friends might seem easygoing, but certain homes—and neighborhoods—are more pet-friendly than others.

    Here are some things to consider that often get overlooked; keep them in mind when looking for place where you and your pets can live in peace.

     

    1.  Consider the local pet laws.

    Even if you own a piece of property, it's not guaranteed that your pets will be welcomed there.  Depending on the number and the breed, there may be restrictions especially within an HOA condo development.  

    Some considerations

    • Some HOAs or condo developments restrict the number or type of pets you can have, or spell out how your pet must be restrained in common areas
    • In condo developments, there is often a limit on the number of pets per unit.
    • If you have a breed that tends to bark a lot, find out if your HOA enforces any noise ordinances.

     

    2. Check out the yard and fencing.

    Having a yard where pets can roam is amazing, of course, but keep in mind that if you want to keep your pets in (or other critters out), you'll have to have a fence—or build one.

    There may be zoning laws that only allow underground electric fencing, restrictions on the size or materials allowed for outdoor kennels or dog runs, and most neighborhood zoning will not allow animals to run free, so if you’re looking for a country setting, always...

    Read more

  • How to Become a Jedi Master in the Search For Your Dream Home How to Become a Jedi Master in the Search For Your Dream Home

    0 comments / Posted on by Steven Rivera

    How to Become a Jedi Master in the Search For Your Dream Home

    Be Prepared to Act Quickly

    Today’s market is a seller’s market. Inventory is low and we are seeing bidding wars, where the seller ends up selling for a higher price than the initial listing price. Following a few rules of thumb for this competitive market will help you to become a Jedi Master in the search for your dream home. It is advised that agents and homebuyers should be available as quickly as possible, so they can act quickly.  Buyers should be prepared to lose a few before they purchase the home they truly want.

    Be Logical in your approach

    Too often, first-time homebuyers are emotional and become attached to a less than desirable property. Spending the time to research the local market trends without reacting too quickly will surely help you to become savvy in the market and in turn actually become a Jedi Master in the search for your dream home. Purchasing a property should never be a rushed process. First time homebuyers should diligently research and utilize the advice from real estate professionals which can set the foundation for future real estate investments.

    Communicate Clearly with your Agent

    Tell your Realtor exactly what you are looking for, in the neighborhood you are looking in, so they can best help you find your dream home. The more specific you can be, the more your Realtor can be helpful. Remember, when they’re working for you in the market talking to other Realtors, they need to filter their search and...

    Be Prepared to Act Quickly

    Today’s market is a seller’s market. Inventory is low and we are seeing bidding wars, where the seller ends up selling for a higher price than the initial listing price. Following a few rules of thumb for this competitive market will help you to become a Jedi Master in the search for your dream home. It is advised that agents and homebuyers should be available as quickly as possible, so they can act quickly.  Buyers should be prepared to lose a few before they purchase the home they truly want.

    Be Logical in your approach

    Too often, first-time homebuyers are emotional and become attached to a less than desirable property. Spending the time to research the local market trends without reacting too quickly will surely help you to become savvy in the market and in turn actually become a Jedi Master in the search for your dream home. Purchasing a property should never be a rushed process. First time homebuyers should diligently research and utilize the advice from real estate professionals which can set the foundation for future real estate investments.

    Communicate Clearly with your Agent

    Tell your Realtor exactly what you are looking for, in the neighborhood you are looking in, so they can best help you find your dream home. The more specific you can be, the more your Realtor can be helpful. Remember, when they’re working for you in the market talking to other Realtors, they need to filter their search and...

    Read more