Sunday, January 13, 2019 / by Mandee Sears
Pricing your home right, the first time takes research. Pricing too high could mean not selling. Pricing too low could mean leaving money on the table. It's complicated and you need guidance and data to price it so it sells and you can move on to the next big adventure!
Buyers think of value, but are more concerned with price. Your home’s price is one of its most attractive — or unattractive — features. The right price can attract buyers, quickly. The wrong price could mean the house sits on the market, which can create the thought among buyers and agents that there’s something wrong with it.
To price your home right the first time, consider the following lessons:
Value vs Market Value
Your home has value, no doubt. The Market Value is the price a buyer is willing to pay for your home. It's calculated by looking at the recent sold, comparable homes in your area. This is how an appraiser will report the market value of a property to the mo ...
Sunday, January 6, 2019 / by Mandee Sears
According to real estate industry experts like REALTOR.com and Inman News, 2019 is going to change for both buyers and sellers.
A Seller's Market is still forecast for Indiana but Buyers won't have to move as quickly as in the Spring of 2018 because inventory of existing homes is predicted to increase. Not to increase enough to make it a total Buyer's Market, though. The increase in inventory is attributed to to a decrease in Buyer demand due to rising interest rates.
Home prices are also predicted to continue to rise but not at the frenzied pace Sellers have enjoyed the last year or more. Experts are saying home prices will soften this year.
It is anticipated the FED will make 2 - 3 more rate hikes in 2019 and that the mortgage interest rates could be between 5.0% and 5.8% by the end of the year. Still at historic lows but not as good as buyers have seen since the housing bust.
Overall, mortgage rates will continue to rise so, many buyers ...
Wednesday, December 5, 2018 / by Mandee Sears
Recently, I had a conversation with some fellow REALTORS® about home buyer mistakes we have seen over and over again. It's funny, whether first time buyers or seasoned buying veterans, there are some mistakes we continue to see.
Let's take a look at the top 3 mistakes we came up with so you won't make them when you're ready to buy a home.
#1 Home Buyer Mistakes - Not Getting Pre-Approved for a Mortgage
Yes, sadly, this is all too common. A pre-approval is free (most of the time, check with your lender to verify. If not, change your lender!)
Getting pre-approved can help you avoid a lot of heartache during the entire process -- from shopping for homes to closing on your new home. Let me explain...
If there are problems on your credit report, you'll find out about them during the pre-approval process. That way, you can clean them up before you make an offer on a home. This can save you from a potentially embarrassing situation.