Posts Tagged ‘Real Estate Conditions and Trends’
Not long ago, real estate sales involved hammering a sign in the yard, placing newspaper ad’s and mailing post cards to neighbors. Today, selling a home requires a huge amount of internet advertising and distribution…which means using great photographs, video’s and social media to boost your properties image and catch a buyer’s eye.
If you are one of the thousands of home sellers looking to capitalize on the real estate recovery and pocket maximum profit from your home sale, you have to embrace the internet. Home buyers use Ipad, tablets, desktop computers and smart phones to shop online and compare hundreds of homes for sale. Today’s buyers quickly scan through hundreds of listings on sites like Zillow and Realtor.com, looking for that one home that catches their eye.
To maximize the sales price of your home, consider these 5 tech savvy tools and tips.
- Use Professional Grade Photography. A recent study revealed that professional property photo’s increase the perceived value of a home by 13 percent. Considering that a 13% added value on a $250,000 home equals an increase in value of $32,500, it could well be worth your while to hire a pro. Buyers are visually oriented, so selling your home has become a bit like a beauty pageant, of sorts. To increase your sales price, provide the best possible pictures on the internet to grab the buyer’s attention and motivate them to schedule a home showing.
- Post a Video Tour on YouTube. About 20% of buyers search online for home video’s. Grab their attention by posting a video on InfoTube.net . We will upload it to YouTube for you, or you can upload toYouTube.com by yourself.
- Include a Floor Plan of Your Home. If possible, include an interactive floor plan that shows how rooms in your house relate to one another. Interactive floor plans combine the floor plan with professional photo’s and create an exciting shopping experience for home shoppers.
- Get Rid of Clutter. We have all heard this before, but it is amazing at the number of people who do not pay attention to this simple advice. Buyers are not interested in buying furnishings; they are shopping for a home. Your house will show much better if it is clean, organized and all personal items are removed.
- Advertise on the MLS. The internet has made it possible for sellers to list property on the MLS and sell it By Owner. The MLS is the national database of homes that are For Sale. If your listing is not a part of the MLS, you are missing millions of home shoppers every month, who will never know your house is For Sale. All MLS listings are distributed to every major search engine for real estate including Realtor.com, Zillow, Trulia, Google, Yahoo and many more. These websites report buyer traffic in excess of 24 million home shoppers each month. If you want to maximize your sales price and profit, you have to be on the MLS.
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The real estate market was overheated during the first 6 months of 2013. Low home inventory, record low interest rates and the lack of new construction were to blame for the unsustainable, rapid price increases and multiple bidding wars for properties.
5 Reasons we do not feel the hyper-inflated housing market will, or should, continue.
- Rising Interest Rates – Interest have risen sharply in the past few weeks and the trend continues up. Current rates will slow the number of homebuyers and speculators that are coming into the market during the next 6 months.
- Marginal buyers have been priced out of the market due to bidding wars, rapid price increases and higher borrowing costs.
- Wall Street and large investment groups are curtailing their buying. One-third of all homes purchased this year were Cash sales. This translates to heavy investor buying, which will slow down going forward in 2013.
- Shocking run up in home prices are not sustainable. In May, home prices were up 12.1% on average. This brings home price levels to a 5 year high. Pricing is now at a point that many of the short term gains have been realized, and the market will fall back to more normal levels.
- Realtors and builders report that inquiries and calls from new customers is down 11%, so far for June.
Summary: We feel that the housing market was under valued at the start of 2013, but a frenzied market chewed through much of the low hanging fruit. With rising interest rates, and increasing inventory levels, we see a move to more sustainable and healthy growth moving forward. It is still an excellent time to buy or sell. Inventory levels will increase, but they will remain on the low side throughout the year. Interest Rates are still at historic lows and price increases, although impressive, leave the average home price far below levels seen in 2006 and 2007.
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Home sellers and investors are a happy bunch this spring. Homes are selling quickly and for very near their asking prices. If your home is on the market and you haven’t had success…you should consider an MLS listing and here is why.
Washington Post writer and real estate expert, Iilyse Glink weigh about why the MLS is the key to home sales and why it works so well.
Studies indicate that most homes sell with the help of a real estate agent. The No. 1 tool to market those homes is probably the MLS. This listing service in most markets gives real estate agents the ability to see and review all listings in an area. If your home isn’t in the MLS, you’re missing the most effective tool to sell your home.
Twenty or so years ago, an FSBO seller would advertise his home in local newspapers and a lawn sign, with InfoTube or InfoBox, to market his home. Few if any of these FSBO sellers succeeded in selling their homes. More recently, the Internet has started to level the playing field, but many buyers still work with real estate agents to buy their home. Those agents rely on the MLS.
An FSBO service may offer various packages to sellers such as you. The more you want, the more you pay, with the top package giving you access to the MLS for six months. We guess you want to give your home the greatest exposure possible and that you wouldn’t want to exclude a major source of potential buyers.
As you decide whether you want an a FSBO package, you must understand what it will take to sell your home. If you overprice your home for sale, trying to sell it yourself isn’t likely to give you a good result.
You still will need to price your home right, make sure your home shows really well, both from the inside and the outside, take great photos for posting on Web sites, create a beautiful brochure for the home, and make sure the description of your home is succinct, emphasizes the good points of your home and accurately shows off its best qualities.
As the real estate market has improved in many areas, you likely have a better chance of selling your home today than you had a year or two ago. But home sellers can make the same mistakes in any market. Again, you need to decide whether you want to spend money upfront to sell the home yourself in a FSBO or try again with a real estate agent.
We think that listing your home on the MLS is a good step toward getting your home sold. Unless you find a buyer that is searching for a home on the many sites out there that carry listings, you might miss out of that one buyer truly looking for a home like yours.
InfoTube.net offers low cost MLS and Realtor.com listing packages that will get your home noticed by millions of homebuyers, who wouldn’t otherwise know your home is for sale. Call 800-858-6000 for more information or visit our website.
Is your dream to own your home free and clear?
If so, join the crowd. More borrowers than ever are taking out 15-year mortgages in hopes of accelerating the day they can wave bye bye to the bank, the Globe’s Jenifer McKim reports.
While the traditional 30-year loan has long been king, 30 percent of borrowers during the second quarter opted for shorter loan terms with 15-year terms the most popular, the Globe’s Jenifer McKim reports.
That’s up from just 10 percent during the same time period in 2006, when the real estate market was at its peak.
And rock bottom interest rates have been one big factor – the piece offers up a Natick homeowner who found she could shift to a 15-year loan and save money given the drop in interest rates.
It is certainly an intoxicating dream at a time when debts, both personal and national, seem so crushing. Yet there are some potentially big pitfalls to this approach.
For starters, my bet is that our Natick homeowner is in the minority.
First, not everyone is in position to capture the lowest rates – you have to have some darn good credit these days.
And if you end up having to pay a bit more in order to pay down your mortgage faster, there is an opportunity cost here. The extra cash you are pumping into your mortgage is money that you could otherwise stash, tax-deferred, into a retirement account.
For that matter, if you have credit card debt, you should be paying that down first – the interest rates are likely much higher than on your mortgage.
Moreover, if you do run into trouble, such as losing your job or taking a hit to the paycheck, you have locked yourself into a format that may not be so easy to get out of. Good luck trying to refinance back into a 30-year mortgage at that point.
A Plymouth financial planner cited at the end of the piece actually had the best advice for homeowners eager to hasten the day when they make their final mortgage payment. He argues for making extra payments on a 30-year mortgage in order to accelerate repayment. If money gets tight again, you can just stopping paying that extra in.
This also gives you the extra flexibility to craft an approach that works from you, maybe putting a little bit more into both the mortgage and the retirement account as opposed to either or.
Makes sense to me, but how about you?
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Garth Britzman’s installation, called (Pop)culture, is a colorful canopy made recycled soda bottles that are filled with a little bit of colored liquid. The bottles, which are suspended by strings, create undulating waves of color that almost remind me of the Dale Chihuly ceiling at the Bellagio in Las Vegas.
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If you are considering a bathroom redesign, take a look at some of these new sinks. Why just buy the “same old” when you can install an art piece?
Taking inspiration from Nature is the Ammonite Sink, named after the extinct marine animals that have left such bewitching fossils for us along the shorelines of the world. It is fashioned from concrete to a variety of widths, and will give you hours of fun chasing dropped bars of soap out of its depths.
The Artic Sink bowl is looking especially tranquil on a sm0king hot summers day.
Don’t know how hard this is too clean…but it is very relaxing to look at. The Moody Aquarium Sink is from Italbrass. It’s all the rewarding work of a fully-functional fishtank, coupled with the odd sensation of washing your hands in it. The soap dishes on either side of the watertight main basin conceal entrances into the tank, allowing feeding and maintenance, and the whole structure is mounted on an integrated chrome finish brass stand.
We hope that seeing these wonderful sinks will get your creative juices flowing. For daily inspirations and great new product photo’s and reviews…Like our Facebook page. We update it at least once everyday with something unusual or smartly designed.
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A score of billionaires have recently caused a run on condo units at the Survival Condominiums project based in Kansas. The facility is built deep underground in an old, 1960’s nuclear missile silo, and is said to be self-sustaining in the event of a nuclear attack.
A few of the Doomsday ammenities include:
This project offers is much more than just a “Survival Condo Unit”. This “Package” includes mandatory training, a five-year per person food supply, fully furnished and custom designed interior, special equipment for registered members, computer access to condo systems, and much more. Only a portion of the total fee is for the actual Survival Condo Unit.
Each Full-Floor $2 Million Dollar Unit Includes these Key Features:
- Approx. 1820 sq. ft. of Living Space (accommodates 6 to 10 people)
- High-end floor and trim packages of your choosing.
- 3 Bedrooms, 2 Bathrooms, Kitchen, Dining room, and Great Room.
- LED Big Screen TV in every unit.
- State-of-the-art Kitchen: Stainless steel kitchen appliances include refrigerator, dishwasher, dual-fuel (electric & propane) professional range, wall oven, professional ventilation hood, wine cooler or beverage center. Granite or custom concrete countertops.
- State-of-the-art energy efficient washer and dryer in each unit.
- Built in recessed full spectrum LED lighting.
- Kohler bath fixtures and jetted Jacuzzi tub in each master bath.
- Digital HVAC controls.
- State-of-the-Art Home Automation System with structured wiring throughout including closed circuit security system camera viewing, public address/intercom system, digital weather station access, smoke and carbon monoxide detectors, satellite TV feeds, public and private Internet access.
- Outdoor “simulated view” window in each unit. Window simulates “Life-Like” outdoor views complete with varying light levels that reflect time of day, creating a normal living experience as if you were above ground.
- Biometric Key locks (you won’t need to worry about losing a key).
- Elevator and Stairwell Accessibility to all Units.
- The $1 million units offer the same ammenity with the half the square footage and serve 3-4 people.
- The Missile Silo is capped by a type of monolithic dome known as a Torus. This dome is capable of withstanding winds in excess of 500 MPH, well beyond the winds of the most powerful F-5 Tornodos which produce winds up to 300 MPH.
- The air supply for the entire facility is filtered by Nuclear, Biological, and Chemical (NBC) filters and the physical air intakes are protected by what are known as blast valves. Blast valves function to prevent an overpressure air wave created by a nearby explosion from entering the facility and killing those inside.
- The facility has a military grade security system that includes visible spectrum cameras, infrared cameras, proximity sensors, microphones, trip sensors, passive detectors, as well as confidential defensive systems both automated and manually operated.
- The facility has two floors of hydroponic gardens that will provide fresh produce as well as an aquaculture system designed to provide fish for food.
- Additional amenities include a minor medical/surgery center, an indoor pool with waterfall, a workout room, a home theater, a classroom & library, pub & game room, bulk storage, walk-in freezer, elevator, security & communication control center, spare parts, machine shop, high-speed fiber optic network, both online and offline Internet and computer communications.
- And, finally, there is a full-sized pool featuring a massive wall mural and curved ceiling to enhance the feeling of space and height.
- Of course, there will be plenty of guns and ammo, too.
If you think that this project is just a dream of a crack pot…think, again. The developer, Larry Hall, reported that every one of the $2 million full-floor units have been sold…and only a few of the $1 million, half floor units are still available. Doomsday Prophets with an extra $1 million on hand may want to inquire today. Evidentally, these units are selling like there is no tomorrow
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