Articles Tagged "sellers"

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September
19

Clearing Clutter - Sell a Home - Haring Realty

Selling your home while you're still living in it is difficult for many sellers because it requires keeping the house show-ready, or not far from it, at all times. You never know when someone might schedule a showing, so you may have fairly short notice to clean and spruce up your home. Fortunately, decluttering and staging your home before listing it for sale will help prepare you for anything. Here are a few tips from our REALTORS® on decluttering when selling your home.

  • Make use of a storage unit.
    Most of us have way more belongings than your real estate agent would like to be in your home when it's being shown. Clutter tends to make homes look smaller and ruins buyers' ability to imagine themselves living there. It will help you declutter if you get a storage unit to hold everything you don't need right now, such as off-season clothes, holiday decorations, and other seldom-used items.

    Click Here to Read More...

October
5

Seller Etiquette - Haring Realty

Mansfield homes for sale have gotten plenty of attention in recent weeks. Sellers are moving forward with their plans. And, drawn by historic low interest rates, buyers are bidding on homes that excite them. Our REALTORS® know now is a great time to be a seller! To get the best value for your home, it's important not to forget the buyer-seller relationship is a two-way street. Buyers should bring serious offers to the table – and sellers should give them due consideration.

It's all about etiquette. And that's especially true in the negotiation phase! Seller etiquette might not seem that important at first, but it really makes a difference. Sellers often feel better when they find a buyer they trust, especially if they're selling property that's been in the family for a long time. Buyers, in turn, are more likely to help you out if you have a strong rapport.

Let's look at common points of negotiation etiquette every seller should know.

Click Here to Read More...

July
31

Prelisting Inspection
Life occasionally throws road blocks in our way. We can limit those obstacles by taking precautionary measures. When you're selling your home, consider investing in a prelisting inspection to avoid costly issues in the future and delaying the home selling process.

Haring Realty has been helping people sell their homes since 1983. Our experienced agents have shared their insights on the benefits of a prelisting inspection. 

Click Here to Read More...

September
8

 

 

New Construction Numbers: Now Versus 2005 | MyKCM

There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today:

"The havoc during the last cycle was the result of building too many homes and of speculation fueled by loose credit. That's the exact opposite of what we have today."

If we look at the number of new single family housing starts over the last 30 years, we can see that the numbers of housing starts during the current recovery (2012-Today) are still way below historic averages, and are far less than the numbers built during the run-up to the housing bubble (2002-2006).

New Construction Numbers: Now Versus 2005 | MyKCM

A single family housing start is defined as "the number of permits issued for construction of new single family housing units. Housing starts are an important economic indicator due to its extensive spill over benefits for the other sectors of the economy (retail, manufacturing, utilities)."

Bottom Line

Current demand for housing actually calls for more new construction to be built – not less. We should at least return to historically normal levels.

 

August
29

 

Don't Get Caught in the Rental Trap! | MyKCM

There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.

Don't Become Trapped

Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a "Rental Affordability Crisis." He warns that,

"Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they'll outpace home price appreciation in the year ahead."

In the Joint Center for Housing Studies at Harvard University's 2015 Report on Rental Housing, they reported that 49% of rental households are cost-burdened, meaning they spend more than 30% of their income on housing. These households struggle to save for a rainy day and pay other bills, such as food and healthcare.

It's Cheaper to Buy Than Rent

In Smoke's article, he went on to say,

"Housing is central to the health and well-being of our country and our local communities. In addition, this (rental affordability) crisis threatens the future value of owned housing, as the burdensome level of rents will trap more aspiring owners into a vicious financial cycle in which they cannot save and build a solid credit record to eventually buy a home."

 "While more than 85% of markets have burdensome rents today, it's perplexing that in more than 75% of the counties across the country, it is actually cheaper to buy than rent a home. So why aren't those unhappy renters choosing to buy?"

Know Your Options

Perhaps you have already saved enough to buy your first home. HousingWire reported that analysts at Nomura believe:

"It's not that Millennials and other potential homebuyers aren't qualified in terms of their credit scores or in how much they have saved for their down payment.

 It's that they think they're not qualified or they think that they don't have a big enough down payment." (emphasis added)

Many first-time homebuyers who believe that they need a large down payment may be holding themselves back from their dream home. As we have reported before, in many areas of the country, a first-time home buyer can save for a 3% down payment in less than two years. You may have already saved enough!

Bottom Line

Don't get caught in the trap so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Let's get together to determine if you could qualify for a mortgage now!

August
26

How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!
  • Anything under a 6-month supply is a Seller's Market!
  • There has not been a 6-months inventory supply since August 2012!
  • Buyer Demand continues to out-pace Seller Supply!

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