sell house tallahassee: Don't Let Online Information Mislead You When Selling A Home
- 04/11/17 09:00 AM
The internet provides access to information that helps homeowners better prepare for a transaction.
With selling a house, as with many other assets and commodities, relying solely on information found online can lead to poor decision making for the homeowner.
Here is a real world example that should cause you to better prepare when it comes time to selling your Tallahassee house.
Let's say you had your house on the market and were waiting to put an offer on your next house until you received a good contract on your current one. If you studied data that can be found online, you might assemble something like … (6 comments)
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sell house tallahassee: Why You Need To Act When Your House Doesn't Sell Right Away
- 07/18/16 12:51 AM
Nothing is more frustrating than a product or service that fails to perform as expected.
In the case of real estate, you hire a listing agent to sell your house because he says he can get the job done, yet several weeks after listing your house for sale you are not under contract. Moreover, you are not seeing the critical signs that indicate that your real estate agent is doing what it takes to get you moved.
Unfortunately for house sellers, there is a large segment of real estate agents who want your listing for ulterior motives. They are prepared to "buy your listing," knowing they won't … (35 comments)
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sell house tallahassee: Is "HGTV Ready" Truly Ready When Selling A House?
- 05/08/16 10:58 PM
Does your house need to be "HGTV ready" when it comes time to hit the market?
Recently, we had a house seller tell us they were advised by another real estate agent to prepare their house for the market in a specific manner. They were told that the standard was "HGTV Ready.
So the house owner asked us how many changes they needed to make to their house to get it ready for the market. With the standard being an ambiguous "HGTV Ready," they wanted our opinion on what needed to be done.
Well, I don't watch HGTV, so I don't know what their "ready" status requires. But I do … (30 comments)
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sell house tallahassee: How To Measure The Impact Of Seasonality When Selling A House
- 04/11/16 11:40 PM
Every year in the Spring, we see the rush of home sellers arrive in the Tallahassee real estate market.
It makes you wonder, is this the best time of year to sell a home?
Time To Sell Your House In TallahasseeOne way to determine the answer regarding the time to sell your home in Tallahassee is to evaluate what past home buyers and home sellers have done.
The graph below was assembled from home sales that occurred since the beginning of last year, but that also went under contract last year. It compares the number of purchase agreements written each month with the number … (51 comments)
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sell house tallahassee: Are You Quoting This Bogus Statistic Too?
- 04/03/16 11:28 PM
Every time I read a real estate statistics report generated by the National Association of Realtors (NAR), I try to figure out if they are purposely misleading the public or if they are just not knowledgeable about real estate brokerage.
You see, NAR likes to use data to deliver its message (now is the time to buy a home!). Instead, wouldn't it be nice if they were to use their comprehensive database to tell us what is going on in the housing markets across the US?
Here's a prime example of the problem that this poses.
Market Time Study By NARFor years, I have … (9 comments)
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sell house tallahassee: Fishing With Uncle Mike Provides Guide To Selling A House
- 03/21/16 09:38 PM
Uncle Mike is a good fisherman. Perhaps not a great fisherman, or even the best fisherman in our family, but you could learn a lot from Uncle Mike about selling a house by observing how he prepares for fishing.
My brother Mike lives on a small pond in NE Tallahassee. Every day for years, he would scatter a little dog food in the water behind his house to attract fish. After a while, the fish knew where to congregate for easy feeding.
When Mike's nieces and nephews would visit, he would take them fishing from his shore. Needless to say, some of the best … (11 comments)
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sell house tallahassee: Is There Some Magic In Your Home Selling Plan?
- 10/13/15 01:40 AM
The Tallahassee real estate market is enjoying its best year since 2007, and real estate agents are selling homes more easily than they have been able to do for quite some time. But that does not mean that all homes are selling.
It is amazing the number of homes that fail to sell during their first six months on the market, even as supply is on the decline and demand is on the rise.
Until you go through it yourself, you just do not realize how much stress and anxiety are created when you have your house listed for sale, maintaining it "ready … (0 comments)
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sell house tallahassee: Unique House For Sale (Really?)
- 09/20/15 09:37 PM
If you are looking for a unique house for sale, I have some great news for you. I have one in stock!
The one thing that every single house has in common is that it is unique; no two houses are exactly alike.
In fact, when people who are getting ready to sell their houses start to prepare, they (almost) all have a belief that their house stands alone and will sell as the result of a negotiation with a buyer (which might or might not be true).
But the educated house seller knows better.
You have to locate a buyer (or preferably several) before any … (2 comments)
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sell house tallahassee: The Exact Moment When A Home Seller Loses Money When Selling
- 09/13/15 10:56 PM
There is a learning curve as a consumer that comes with selecting a real estate agent, and that curve can change dramatically after you have made your decision.
NAR surveys continue to show that between 60% to 65% of people hire the first agent with whom they speak, and they do so without considering the totality of the job that lies ahead.
The agent that you hire will end up saving you (or costing you) thousands of dollars, so make sure you start by hiring an agent that you trust.
Trust MattersWhen it comes time for the most important functions that your real estate agent provides, you will need to trust that … (63 comments)
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sell house tallahassee: How To Maximize Profits When Selling Your Home
- 08/10/15 11:31 PM
I just had an incredibly pleasant experience with a tree service company that I felt would make a great example of types of things you can do to increase the value of your house (without spending more money than the value created).
You see, most houses in Tallahassee are selling at prices far below the replacement cost, so many things that you might want to do to increase the value of your house are not actually profitable. Do you really want to spend $20,000 to make your house worth $15,000 more to a buyer?
Unfortunately, that is really the case with most improvements, so … (16 comments)
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sell house tallahassee: 5 Simple Safety Tips When Selling Your House
- 08/09/15 10:28 PM
If you are planning on putting your house up for sale, whether on your own as a "For Sale By Owner" (FSBO), or through the services of a professional real estate broker, I encourage you to keep safety in mind.
When I entered the real estate industry 24 years ago, this was just not an issue. Perhaps I was young (and in shape), but I just don't think criminals had targeted houses, house sellers, and real estate agents.
But you just can't avoid the reports that you see nationally. Buyer agents meeting callers alone at otherwise un-occupied houses have resulted in rapes, murders, theft, and vandalism. In today's housing market where values … (35 comments)
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sell house tallahassee: Seriously, How Long Does It Take To Sell A House?
- 07/13/15 11:15 PM
Back in the days before the internet in real estate, if you wanted to sell your house fast, you likely were going to leave money on the table.
Marketing methods in the past took many months to engage (from planning to production to publication) that a house seller seeking a speedy sale needed to cut her price so severely that price alone would attract a buyer from the local community. "Hey, did you hear Mary is only asking $165,000 for her great mid-town home?" Word of mouth would find the ears of somebody looking for a deal.
But times change.
Today, we know that … (10 comments)
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sell house tallahassee: A Thousand Words On The Housing Market
- 09/18/14 09:53 PM
They say that a picture is worth a thousand words, so every month we publish a real estate infographic that serves as a snapshot of the Tallahassee real estate market.
It's a way of conveying a lot of information through one simple picture, and you can download the update each month from here.
So what does this "picture" of our market have to say thus far in 2014?
House Sales Decline We have been warning that house sales were going to start to decline. For months, new contracts (pending home sales) have been on the decline, leading us to expect the resulting … (8 comments)
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sell house tallahassee: Déjà Vu - It's 2004 Again For Real Estate Values
- 08/12/14 08:45 PM
If you bought a home in 2011 and wanted to sell it today, it's likely worth about the same as when you purchased it.
House values in Tallahassee have returned to levels last seen in 2011 and 2004, and right now the trend is heading downward.
Our in-depth review of all houses sold in Tallahassee and recorded in Leon County has produced a clear image of current market conditions, and the results might be surprising to many wanna-be home sellers.
House Values Fall The following real estate graph shows average home values for homes sold and recorded in Leon County (red bars). The blue line … (6 comments)
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sell house tallahassee: Is It Getting Easier Or Harder To Sell A Home In 2014?
- 05/15/14 11:20 PM
We started measuring the failure rates for houses on the market five years ago in order to identify the common elements of all successful house selling plans.
There is a lot of hype and a lot of hot air put out by real estate agents, but tracking the failure rates for properties on the market was a real eye opener.
Another by-product of this daily measurement is that we were able to develop a gauge for house sellers that reflected the relative difficulty in selling a house, and this gauge has been sending a very strong message lately about the changing trend for … (34 comments)
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sell house tallahassee: Why People Sell A House (The Infographic For Listing Agents)
- 04/30/14 11:30 PM
I just found another real estate infographic produced by the National Association of REALTORS, and it shows that people continue to make the same old mistakes when they decide to move.
But it also provides information about events that occurred during the process of selling their house, and I think anybody who is planning on putting their home on the market can learn (from the mistakes of others) with a quick study of this image.
Why People Sell A House The following infographic is floating around the internet and claims to be produced by the NAR.
Before we review the top reasons … (2 comments)
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sell house tallahassee: One Tip Increases Home Sellers' Bottom Line Every Time
- 02/05/14 09:21 PM
When it comes time to sell your home, will you focus more on the final sales price you hope to attain, or will you be more concerned with the bottom line?
To me, it's a question with an obvious, simple answer.
But my experience working with both homebuyers and sellers has taught me that this is where the typical homeowner ends up leaving a few thousand dollars on the table.
Sales Price Versus Bottom Line To Seller
Whether you want to buy a home or sell a home, I encourage you to first identify your priorities. Often times, … (0 comments)
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sell house tallahassee: Find Out How Many Houses Like Yours Will Sell This Month
- 12/05/13 10:10 PM
Back in "the good 'ol days" before the real estate market ballooned and the subsequent bust, an appointment with a homeowner for the job of selling a house was very predictable.
We would look at recent house sales, determine a value range, and then advise the seller on the critical initial asking price.
While the seller would typically "feel" their house was worth more than the market analysis would indicate, the emotional "overage" was highly predictable.
But that has not been the case for the past five years. Now, I think homeowners want to know more about the process of determining … (2 comments)
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sell house tallahassee: 13 Ways To Improve Your House (So It Will Sell For More Money)
- 12/04/13 08:51 PM
Would you like to know how much money to spend on a house to maximize it's value when it comes time to sell?
I am always amazed when home sellers tell me how much money an agent told them they should spend to sell their house.
Being somewhat of a "math geek," I'm always wanting to calculate risk versus reward or return on investment when I look to spend money on a home.
So today, I have listed 13 different things you can do for less than $9 that will add thousands of dollars in value when you decide to sell … (10 comments)
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sell house tallahassee: Should We Expect To See A Flood Of "For Sale By Owners" In 2014?
- 10/29/13 09:49 PM
As time nears for me to publish the 2014 real estate forecast, I have been studying all of the charts and graphs that we maintain on the improving market conditions in Tallahassee.
For our newer readers, this will be my sixth annual real estate forecast (and I encourage you to go back to past forecasts to see how close they were). I have been fairly accurate over the past few years, but there are some concerns I have for my outlook for 2014.
Before you continue ... Do you have any thoughts on where you see home sales going next year?
… (2 comments)
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The internet provides access to information that helps homeowners better prepare for a transaction.
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