Couple Saved $10k by Doing This Before Selling Their Home

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This couple saved $10,000 By doing this before selling their home.  Did you know that our clients saved over $300k last year by only spending $400 on a pre- Home Inspection before listing their home?  Here Diane explains the whole system and how you can save thousands before even putting your home on the market.  We will coordinate the pre-market home inspection for your property and communicate with the inspection company to give them all the necessary information so they can perform the inspection, and then we will review the report with you. Together, we’ll craft a list of items that allows us to present a very appealing package to potential buyers, allowing us to market your home as a worry-free home!

When you go to a doctor, you don’t know what’s wrong with you until you get a prognosis. Finding the value of a home is quite similar -- you can’t know the price until a lot of research has been done!

Anyone that walks into your home and tells you a price is doing that simply to get your business; they aren’t acting in your interest. You don’t want to hire someone who isn’t going to work on your behalf to competitively price your home. Before you hire anyone, give them a call and ask them if they’re going to put a price on your home when they get there. If they answer affirmatively, you probably shouldn’t hire them!

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You don’t want to hire someone who isn’t going to work on your behalf.

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When you work with us, we’re going to ask you the hard questions. In order to design a custom home selling strategy for you, we’ll start by asking why you’re selling. Then we’ll ask: What past experiences have you had with real estate? What are you expecting from the process? What are your financial goals? The answers to these questions will help us set expectations for you and start working to accomplish your selling goals.

There are a lot of factors that go into correctly pricing a home, and a good Realtor will let you in on how they come to a certain number. If they don’t, you may be working with an agent who will fail to get your home sold. Be sure to ask them what the absorption rate in the area is, and what comparable homes are selling for: these are just a few of the many important factors that should be looked at in the pricing process!

If you want more selling tips, or if you want to work with a team that has mastered the art of real estate, please don’t hesitate to reach out to us. We would love to hear from you!

The Latest Trends in the Philadelphia Area Real Estate Market

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

So far, this has been an amazing winter real estate market. In my last market report, I told you why all the talking heads were wrong about existing home sales. As it turns out, I was right!

Last month, I told you that the big drop in existing home sales was caused by delays in processing thanks to the new mortgage regulations called TRID. A lot of closings were being pushed forward into December, so we didn’t see as many closings in November. The media told you that the market was crashing. This month, they’re all saying how the housing market is blowing up. Well, the media is wrong again!

Although it looks like we’ve seen a huge spike in sales, the market was really just leveling off since so many sales were postponed. That said, 2016 is shaping up to be a fantastic year for real estate.

One challenge in the real estate market is the lack of inventory. Existing inventory is depleting at an alarming rate. Throughout 2015, we struggled to keep 5 months of inventory on the market. As I’ve said before, 6 months of inventory is a balanced market. This month, we only have 3.9 months of inventory, placing us in a strong seller’s market.

Inventory could become a big issue, especially if we can’t get more homes on the market. If you’ve been thinking about selling your home this year, now is the time to make your move.  You will be in an excellent position to maximize the profits from your home sale this year.

Supply and demand is the driving force of any market, and we have very strong demand and very low supply. Most listings come on the market during the second quarter of the year. If you have a great home, my superior marketing skills will have buyers battling it out to get you the best offer.

Finally, let’s talk about interest rates. Freddie Mac projects that rates will dramatically increase throughout 2016 and 2017. Even a slight increase in rates can dramatically affect buying power.

For instance, let’s say you want a monthly mortgage payment of about $995 dollars a month. In 1985, rates were 11.50%, and you could afford a $100,500 home for that monthly payment. In 2000, rates were at 7.54% and buyers could afford a $142,000 home for about $996 a month. In our current market, interest rates are at 4% and you can afford a $209,000 home for $997. If rates go up, the amount of money you can pay for a home will go down.

If you have any questions, give me a call or send me an email. Don’t forget to sign up for our next Home Selling Sharks Seminar on March 12th. I look forward to hearing from you