What's the Good news for my real estate goals??

We are all aware of the market conditions that sellers and agents are trying to stay positive about. We also know that markets ebb and flow, and it’s simply a matter of time before real estate takes an upswing again. In the meantime, we must all adjust our strategies to deal with today’s challenges. Here are just a few tactics to adopt and positive points to remember and practice.

A down market is ideal for the bargain buy, the opportunity to buy low. In short, a buyer’s market. For instance, for homeowners who are looking to sell their home and buy into a more expensive niche, a down market is the perfect timing. Interest rates are at an all-time low, which will save you money (potentially thousands) on your mortgage payments.

For sellers, first impressions last a lifetime and the term "presentation is everything" has never been more pertinent. Home buyers are always attracted to clean, spacious and attractive houses, but it has never been more critical to ‘wow’ buyers and make them fall for the property. Thus, curb appeal (through staging) can be a deal clincher.

Boosting appeal, of course, can take investment—again, now more than ever. Ratcheting up desirable qualities and amenities can impact as much as impressive square footage, and can afford a slightly higher asking price. So it’s worthwhile to put some extra money into the house before putting it on the market.

Do not overprice the home. In a down market it is a solid strategy to list the property approximately 10 percent under the expected price. A recent pre-listing appraisal can supplement the market analysis your professional real estate agent provides for you. In order for you to know the real time market value, your appraisal should be no more than 3-6 months old, as our market values are changing everyday. If properly priced, the potential exists to receive the expected sum, or close to it, because a relatively lower price can tend to garner multiple offers. Always communicate your expectations with your agent. Have a great day!