If you're in the market for a new home, there's encouraging news: buyers are starting to regain negotiating power. According to a November 2023 Redfin report, buyers received concessions from sellers in 35% of U.S. home sales during the three months ending October 31, 2023. This is a significant increase from 27.6% two years earlier. And these concessions aren’t just limited to price reductions—sellers...
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If you’re considering selling your home, there’s an important factor you need to keep in mind: even though the market is still favoring sellers, you can’t just pick any price for your listing. In today’s real estate landscape, setting the right price is more critical than ever. Understanding the Market Shift While home prices continue to rise in many areas, the rate of appreciation has slowed...
Setting the right price on your home requires a blend of objective evaluation and a realistic assessment of market conditions. Whether in a booming or sluggish market, you are more likely to benefit from determining the fair market value (FMV) and sticking close to it than setting an unrealistic price and waiting for a negative buyer response to reevaluate. The Temptation to Overprice The temptation to...
Thanks to a lack of inventory and a rising need for housing, the National Association of Realtors (NAR) forecasts high demand for homes in the Triangle area this year. With interest rate hikes pausing and expected to decline by the end of 2024, the demand for resale homes is more critical than ever. This creates a prime opportunity for homeowners to put their homes on the market. Potential sellers are...
Years ago, Alessandra Pollina and her husband, Ondre, set out to find a property that required just a few cosmetic changes. However, they ended up purchasing the ultimate fixer-upper: a two-unit, single-family-style home that had been stripped to the studs. Despite the daunting task ahead, they were thrilled by its potential and the rare half-acre of land it sat on, which is quite unusual for Boston....
Preparing your home for sale doesn't have to be expensive. Many impactful projects are low or no cost, ensuring your house makes a great impression on potential buyers. 1. Deep Clean Everywhere A thorough deep cleaning is essential. Tackle often-overlooked areas such as: Hard-to-reach corners and under furniture The fronts, tops, and visible sides of appliances, including the top of the...
When it comes to selling your home, preparation is key. With a to-do list that seems never-ending, it’s easy to overlook the importance of a thorough safety check. However, ensuring your home is safe both indoors and outdoors is crucial to avoid unwelcome problems after closing the deal. Here’s a comprehensive guide to performing a safety check before putting your house on the market. Lawn and...
When it comes to selling your house, it's crucial to stop thinking of it as your home and start staging it so potential buyers can envision their lives there. Angel Booth, owner of Vignettes Home Staging in Richmond, Virginia, emphasizes, "The whole concept is marketing. We’re trying to tell that story of how the potential buyer could live in that space." Staging can range from affordable DIY...
Selling your home is an intricate journey that requires meticulous planning and execution. From deciding to list your property to handing over the keys, the process is layered with critical steps that can make or break the sale. To navigate these waters smoothly and efficiently, understanding what to expect and preparing accordingly is paramount. Here are seven essential considerations to keep in mind when...
Renovating your kitchen with the environment in mind benefits not just the planet but also your wallet. By incorporating eco-friendly practices and materials, such as energy-efficient appliances and high-quality materials like Cosentino countertops, you can significantly reduce your home's carbon footprint while enjoying long-term savings on utilities and maintenance. Expert Insights We sought the...