What Sellers Need Now Before Listing Their Tri-County Home

Buying a home? Click here to perform a full home search 

Selling a home? Click here for a FREE Home Price Evaluation 

Call me at (215) 576-8666 for a FREE home buying or selling consultation

Great news: the market is exploding right now! Interest rates are still low, even with this last small increase. This spring is going to be a great one if you plan to buy or sell real estate. Buyers will enjoy an increase of inventory, and sellers will enjoy a flood of new buyers in the market.

If you're thinking of selling your home, this video is for you. Spring is only four months away, and marketing your home is incredibly important. You need to differentiate your property from the others that will come onto the market.

There are some things you need to do within three to six months of showing your home. If you don't take care of them before you list, you will never get them done. These things will keep money in your pocket. Sign up for our free Room by Room Review.

We will stop by and let you know exactly what you need to do in order to net the most money possible. Some repairs will get you a bigger return on investment than others. We'll let you know which repairs are best and what you need to do with any clutter in your home. We want to help you sell for top dollar!

If you have any questions, give us a call or send us an email. Don't forget to join us for our home selling seminar on January 23rd. We look forward to speaking with you!

Three Expert Tips to Sell Your Tri County Home this Winter

Buying a home? Click here to perform a full home search 

Selling a home? Click here for a FREE Home Price Evaluation 

Call me at (215) 576-8666 for a FREE home buying or selling consultation

Instead of reporting on the latest market trends and statistics in the Tri County area, today I'll be going over three important things you need to know if you're entering the real estate market this winter.

Topic number one is Family wealth. This chart will simply blow you away. It shows the current trend in the difference of family wealth between a family that owns a home versus a family that is a renter. It is DRAMATIC and the difference is growing even more dramatically.

Just five years ago, the difference in family wealth between a homeowner and a renter was $182,000. In the last five years, that number has skyrocketed to $220,000. On average, the net worth of a renter is $5,000, much lower than a homeowner.

Buyer traffic is topic number two. If we take a look at this map, there are more and more people that want to own a bigger home. With just a few exceptions nearly every state in the country is blue, showing Strong buyer traffic. THEN, all of a sudden, something strange shows up in our tracking. Foot traffic is down for the first time.

So why, if demand is so strong—why are we showing less houses? When we look at the Seller Traffic index; we can see that the activity is way down. The orange color designates weak demand for sellers. In other words, sellers are not putting properties up for sale. If we look at the 2015 inventory levels compared to the same time last year, we see six of the first nine months, are below where we were in 2014. The last three months we are way lower.

Now, Finally let's discuss Mortgages rates &FICO scores! It’s likely you’ve heard the rule of thumb that you shouldn’t buy a home unless you can put 20 percent down. There is a common misconception you shouldn’t buy a home unless you can put 20 percent down. A growing number of borrowers are putting down between 5 and 10 percent of the purchase price. Some qualified borrowers are even putting down as little as 3 percent.

Many sellers think that they need an 800 FICO score. But that’s just not true either - a score just above 700 is fine. However, we were able to secure loans for people with scores as low as 580!

Conditions are perfect for you to do really well selling your home in the next 3 to 6 months. However, it won’t just happen by accident. You need an expert marketer, marketing your home, using a well-constructed, personalized, home selling strategy.

That’s why I am offering a FREE Room-by-Room Review by going to www.FreeRoomByRoom.com. There are things you need to do within 6 months of putting your home on the market. If you are prepared, you will be able to sell your home and keep up to 10% of your equity in your pocket.

So go to www.FreeRoomByRoom.com today and get your room by room review scheduled.

AND Don’t forget, If you want to Sell Your Home Fast in 26 Days!! Come to our next Home Selling Shark Seminar, Saturday, January 23rd at the Hilton Garden Hotel in Fort Washington.

Just go to www.homesharkseminar.com to register for your seat today!

My team and I hope you have a Joyous Holiday season!