Last week’s economic news included readings on new and existing home sales and Fed Chair Jerome Powell’s testimony on changing the Fed’s business loan policy. Weekly readings on mortgage rates and jobless claims were also released. Sales of New and Pre-Owned Homes Rise In August New homes sold at a seasonally-adjusted annual pace of 1.01 million sales; analysts expected the sales pace to fall to 900,000 sales from July’s reading of 965,000 new home sales. Homebuyers turned to new homes as the supply of pre-owned homes dwindled. Homeowners stayed put as fears over … [Read more...]
Four Surefire Ways to Irritate Potential Buyers and How to Avoid These Costly Mistakes
Irritating any potential buyers is the last thing you want to do when selling a house because it is can be a challenging and sometimes lengthy process. The buyer is going to have a wide array of options when deciding on a new home, so they have no problem going somewhere else if they see something they do not like. While there are a plethora of ways for a seller to irritate a potential home buyer, these are the four most common – and most costly. Pricing The House Too High There is nothing worse you can do when trying to sell a home than pricing it too high. While you may think that it … [Read more...]
Selling to Millennials: High-Tech Upgrades That Will Increase Your Home’s Appeal to Young Buyers
Millennials are finally starting to enter the real estate market after delaying home purchases for several years. With a completely new client base looking for homes, it is time to start making your home more appealing to these young buyers. Millennials are used to using high-tech gadgets every day, so they are going to desire these things in their new home. While there are several high-tech upgrades you can make on your home, these three will appeal the most to young homebuyers. Keyless Entry: Security for the New Millennium Keyless entry doors are becoming a popular way of keeping a home … [Read more...]
Former Smoker? A Quick Guide on Getting Rid of Smoke Smells and Paint Stains Before a Home Sale
those interested in making their home an attractive option for buyers. Nowhere is this more evident than for homeowners who were former smokers. While it's truly commendable to quit smoking, removing the smell of smoke from a home can feel like an impossible task. With that in mind, here are some of the most effective ways to make smoke smell and paint stain removal as effortless as possible. Make Preparations Beforehand Cigarette smoke has a nasty habit of permeating through every facet of a home. As such, it can be difficult to pinpoint the areas that are most problematic. Before starting … [Read more...]
Three Key Tips for Assessing Value To Find Out How Much Your Home Worth in Today’s Market
If you're thinking about putting the house on the market, or are simply curious about its value in the current economic atmosphere, it's essential to get an honest assessment of its value. An overly inflated figure won't hold up and will only turn potential buyers away. It's best to get a fair assessment in order to ask a reasonable price or avoid over-extending oneself when it comes to taking out a home equity loan. Consider these three key tips to get a true assessment of a home's value. Identify Positive Features About The Home And Property When seeking an appraisal for a home, it's … [Read more...]