Tag Archives: Bethesda real Estate

Pricing Your Home To Sell

Pricing Your Home To Sell

For The Most Money Possible In The Shortest Time Frame

      GetMedia-46

 

By Tracy Tkac

Washington Homes Group

Evers & Co.

www.washingtonhg.com

 

The single most important factor to consider when selling a house is pricing the house correctly; it’s choosing the right list price: how much your house is worth. Over pricing the house will cause it to sit on the market and lose the freshness of the home’s appeal after the first two to three weeks of showings. After a month on the market, demand and interest can wane and after that a listing can become stale to potential buyers. It is a tough concept, because no one wants to chance leaving money on the table, but pricing the home just below fair market value will often cause a seller to receive multiple offers, which will then drive up the price to market price or above. Pricing is all about supply and demand. It’s part art and part science. Beware of the realtor that advises a list price way above the range of sold home prices in your neighborhood, choosing to list with that agent may be setting you up for the delay or even failure to sell your home.

 

Pricing your home to sell may not be as simple as you think. Looking at what similar homes in your immediate neighborhood that have sold for in the past 6 months to a year will give you some, but not all of the data you will need to calculate the list price. It is important to compare apples to apples when looking at the comparable recently sold homes. Compare and consider not just how many bedrooms or bathrooms, but also is the basement finished, is the yard nicely landscaped, how many garage spaces are offered? Look at homes’ sizes (square feet), style, condition and if updates and renovations have been done. A good real estate professional will format all of the information for you and help you to make the comparisons to come to the right listing price that will get you the most money possible for your home sale.

 

Using a real estate professional, like Washington Homes Group, can save you money in the end by helping in pricing your home to sell quickly and for the best sale price. A good agent or even better- a good team, will assess what improvements should be made prior to putting your house on the market. Many times the first step is to de-clutter; when selling your home, the less-is-more concept is the way to go. Your agent should be honest and direct in telling you what needs painting and repair or replacing before making your listing “active on the market”. You only have one chance to make a good impression, and that goes for the list price and your homes presentation.

 

 

 

 

Sell your Chevy Chase or Bethesda Home

Get Ready, Get Set, Sell Your Home!

Now is the time to get ready.

If you’re considering selling your home in 2014, the time for action is- NOW!

By Tracy Tkac

www.WashingtonHG.com

Why Now? Because buyers are already on the hunt.  

GetMedia-1

The Internet is the new curb appeal
Last month will likely be remembered for record breaking cold temperatures, polar vortexes, lots of snow, and horrible traffic jams. All the while when home buyers were sitting home inside and trying to stay warm, they were looking at houses for sale on the Internet.

If you’re considering selling, now is the time to sell your Chevy Chase or Bethesda home. If your home is not yet online, then every day you’re missing out on thousands (or even millions) of potential buyers viewing your home.

Even more incentive for buyers
Spring is coming, and that is certainly driving a lot of the interest in homes currently listed for sale. But there are other factors at play.

Mortgage rates have declined over the past month and are currently trending back toward 4% for traditionally structured, well qualified loans. This is a significant development for buyers, as interest rates are a huge driver of home affordability.

For example, a traditional 30 year, $600,00 mortgage at 4.5% would have a monthly payment of $2,700. If rates declined to 4.25%, the payment would change to $2,550.

For borrowers on the edge of qualifying for a mortgage, that $150 per month savings could make the difference between getting a loan approval or not.

For buyers, the time is now!
Buy low and sell high, right? For buyers, the time to buy low is quickly ending, creating a sense of urgency to buy now before prices rise too high or interest rates return to more historically normal levels.

Get ReadyGo!
The spring selling season will be in full swing sooner than you think. Rates are low, there is urgency to buy now, and buyers are already coming out of their winter slumber. If you’re planning to sell you home in 2014, you need to be ready now. Don’t miss out on the perfect, well-qualified buyer because you waited a moment too long and Sell Your Bethesda Home!

 

Getting Ready; Five Tips For Home Buyers

GetMedia-42by Tracy Tkac

 

 

1. Get Loan Pre-Approval

 

This step is extremely important. It will help you to know what you can afford and determine if there are any glitches in your credit that need attention before buying. Talk with a few lenders to get rate quotes and to find one that fits your working style. After you are pre-approved, make sure to pay close attention to your finances and do not make any rash decisions or large purchases, such as a car, until after the purchase of your new home.  

 

2. Find An Agent

An agent will lead you through the process of the paperwork, negotiation strategies, inspections and ultimately settlement by placing offers, negotiating final prices and settlement terms and closing costs to settlement.

 Find a professional agent that is knowledgeable in the area in which you are looking to buy. In most cases in the MD, VA and DC area, if a home is listed in the MRIS, the area multiple listing system, then the commission is paid entirely by the seller- not the buyer. A Buyer Broker is an agent that advocating and working exclusively for your best interests.

By finding a knowledgeable real estate agent that you trust, you are likely to save money, purchase the home of your choice and have a smooth and successful transaction.

 

3. Prioritize Your Needs and Wants

While location and price range will dictate a lot about the home you will be looking for, you should also think about what amenities you hope for. Start big with the non-negotiables such as the specific communities you want to live in, the number of bedrooms and bathrooms you need, what style of homes you are interested in looking at, whether or not you need a garage, etc. After the larger must-haves are established it is easier to understand what is negotiable in the long run. If you are prepared beforehand you can assure that you are looking for everything that is necessary.

4. Look Into Potential Programs

In recent years there has been an increased effort by the government to try and stimulate home purchases. One of these efforts includes tax credits and benefits for first time homebuyers. During your home buying process, be sure to look and see if any credits or benefits are available for you. Some of these programs will allow savings on the initial purchase of the home and others will save money back in the form of a tax return. Either way, the saved money can be a major bonus and it is well worth the effort to find out. Your realtor and lender will help you determine if you qualify for any programs.

5. Inspect Your Future Home, Choose Your Settlement Company ect.

Research the companies you will want to use for your inspections and settlement. Your contract to purchase your home may be contingent on certain inspections such as termite, home inspection, radon or well and septic. Looking into the cost of these inspections and choosing what company fits your expectations will put in a position to be prepared to move forward. A choice of settlement company is generally the purchasers to make. There are many factors to consider, your agent will help you navigate the way to a successful conclusion!