living in metairie: Selling Your Metairie House in Fall includes Planning for Success!
- 10/23/15 12:24 AM
It’s October; a time of year that has a lot to recommend it. In many parts of the country, it’s the season when Mother Nature goes full throttle with the Technicolor. Sunsets can be outrageous. In some parts of the country, leaves can bid adieu with displays that put rainbows to shame. Fall weather turns the air a bit crisper. All in all, to a lot of folks, fall is the favorite time of the year. Selling your Metairie house in the autumn, on the other hand, can present some special challenges. Selling your house in the springtime, for instance, doesn’t include … (1 comments)
living in metairie: Metairie Real Estate Watchers Give Price Graph a Double-Take
- 10/22/15 11:54 PM
When Metairie real estate trackers keep tabs on the progress of the national rebound, they note the findings of the major pollsters and data miners, read what the pundits have to offer, and look at charts and graphs—lots of charts and graphs. The graphs that chart residential real estate price history for the last decade or so tend to look very similar. It doesn’t matter whether they’re showing regional or state or national price movements. If they’re line graphs, they look like a cross-section of a … (0 comments)
living in metairie: Terez's Tips for Selling Your Home - Part 14
- 10/20/15 11:10 PM
Loan ApprovalBefore you start making arrangements to move, make sure the buyer provides you with a letter from the mortgage company indicating that the buyer is pre-approved for the amount of loan needed to make the purchase. This letter should not be confused with a final approval of the mortgage. The loan is not normally approved until a few days prior to the closing date.
Home Inspection Be prepared for a potential buyer to seek a professional home inspection. Such inspections will identify possible defects in the property. As a seller you can fix any defects discovered, adjust the price or both. You … (0 comments)
living in metairie: Terez’s Tips for Selling Your Home – Part 12
- 10/16/15 01:17 AM
Questions You can learn a great deal about people and their motives, likes and dislikes by asking a lot of questions. Learn to stop the selling and ask more questions but more importantly, listen to the answers. Negotiations Try to avoid discussing or negotiating price until the buyer has decided the home is right. Remember, any negotiations should be in writing to avoid confusion. Don’t seem over-anxious This should be obvious. Being anxious usually results in a lower offering price. Know your real reasons to sell Know why you are selling. Just testing the market? Need to move? Need more room? In other words, what is your motivation for … (1 comments)
living in metairie: Metairie Listing Lingo may Link to Sales Performance!
- 10/16/15 12:46 AM
If 90% of home buyers use the internet at some point in their search, the percentage who go to the Metairie listings has to be close to the same ballpark. It’s hard to imagine anyone NOT wanting to take at least a peek at the current listings. Even if they have already settled on a target property, curiosity would send most of us to check out the way it’s described in its Metairie listing. When you begin your house-hunting project online, the chances are you just scan the listings’ major features to narrow down the candidates, leaving out the majority of the … (0 comments)
living in metairie: Terez’s Tips for Selling Your Home – Part 11
- 10/14/15 11:53 PM
Defects Disclose, disclose and disclose! You can sell a home with defects as long as you disclose them. Knowing about a defect and not disclosing it could prove legally dangerous and may even revere a sale if serious enough.
Apologies Never apologize for the condition of your home.
Emotions Difficult as it may be, you want to remove emotion from the process. In order to remove emotions, you must first be aware of them. Always be aware.
Features List the features of the property such as double-paned windows, gas fired fireplace, etc. Don’t confuse features with benefits. Benefits People tend to buy what the features will provide like security, good … (1 comments)
“Metairie home loan game theory” sounded like an intriguing topic when the phrase first occurred to me. I thought it would mean figuring out whether a mortgage would constitute a financial move that made sense. But the more I studied “game theory,” the more complicated it got. And maybe not as theoretical as I’d thought... As far as the terms themselves are concerned, a Metairie “Home Loan” is exactly what it says it is: a mortgage on your Metairie home. “Game theory” is more obscure. For openers, “game theory” sounds like a lot more fun that it really is. It’s like the … (0 comments)
living in metairie: Terez’s Tips for Selling Your Home – Part 10
- 10/12/15 01:18 AM
Lighting Everyone, at least almost everyone, enjoys a bright and airy feeling when they tour homes to purchase. Open drapes, turn on the lights, and increase the wattage of the light bulbs if necessary.
Religious Items You can never be assured of the religious affiliation if any of the potential buyers. If there is one thing that can disrupt the process it could be the presence of religious items contrary to the beliefs of the buyer. You are going to move them anyway, so pack them away and do not take offense.
Scents One of the way buyers later describe the homes they have seen is by … (1 comments)
You know what the “wow factor” is for any Metairie home that’s for sale—it’s the extra something that’s highly desirable and unique to the property. It could be a three-story entry hall, or a game room that’s large enough for a pool table and a conversation pit. It might be a home theater with four stepped rows of velvet-upholstered movie house seats. It might be a bricked backyard barbecue arena, with a step-down standing pit which puts the Chef of the day at eye level with the seated guests. And you also know what a Metairie fixer-upper is. It’s any Metairie property … (1 comments)
First there is a difference between an agent and a consultant. In any sales profession, only 20% of the people sell 80% of the property. Most of these 20% people are consultants meaning that they engage the customer in an in depth needs analysis before they try to meet and exceed those needs. That is why they close 80% of the sales. The remaining 80% of the profession make a great deal of assumptions regarding what the customer wants and then they hope to meet those needs. The advantage of working with an … (0 comments)
living in metairie: Terez's Tips for Selling Your Home - Part 8
- 10/07/15 11:46 PM
Signs Yard signs have and will continue to be the number one reason a buyer looks at a home. Believe it or not the quality of a yard sign has a great subconscious affect on buyers as it speaks about the owners as well as the house for sale. A great many buyers, being skeptical about sellers, will only look at homes being offered for sale through a reputable real estate company believing, rightfully or wrongfully, that they will be protected to some degree by the real estate broker/agent/company. Photo Brochure/Flyer No matter what form of advertising you elect to participate in, INCLUDE PHOTOS. … (2 comments)
The outlook for owners of Metairie rental properties has been buoyant for some time, but last month a widely-publicized report added to the long range outlook. The study presented multiple scenarios in which demand is likely to outpace the supply of rental properties in the U.S., creating a market bound to reward their owners. Not such good news for tenants, though—or, as The Wall Street Journal summarized, “Renting is unlikely to get easier anytime soon.” The report, which was issued by Harvard University’s Joint Center for Housing Studies and the affordable-housing organization Enterprise Community Partners, focused on the growing number of U.S. … (0 comments)
living in metairie: Terez's Tips for Selling Your Home - Part 7
- 10/06/15 11:01 PM
Direct Response Mailers This is a form of direct mailing but usually includes a call for some form of action by the recipient such as visiting a web site, asking for a report, or a property description. Very difficult for owners to engage in Direct Response Mailers to the public because of cost and a lack of target specific addresses.
Door Knocking Not many For Sale By Owners ever knock on doors to promote their property. For that fact not many real estate agents knock on doors either. Yet, this has and will always continue to be a great way to develop relationships and … (2 comments)
living in metairie: New Reports Help Guide Metairie Real Estate Market Decisions
- 10/06/15 10:38 PM
At the beginning of any month, Metairie onlookers can find batches of fresh reports about national real estate market activity. Take October, for instance. We’ve just learned a bunch about what happened across the country. September’s numbers won’t be collected and analyzed for a while, but the fresh real estate market data for August is out, as well as July revisions. Since earlier findings are always being tinkered with as estimates are replaced with hard results, we also get improved readings from the earlier month. This latest batch of real estate market news was upbeat, downbeat, and, uh…sideways. Thursday was the first … (0 comments)
living in metairie: Terez's Tips for Selling Your Home- Part 6
- 10/05/15 11:41 PM
Tips for Selling Your HomeTelevision Television is a hit-or-miss advertising opportunity. There are real estate channels on which a lot of real estate companies market property for sale. It is expensive and not what you would refer to as target marketing. The use of television by real estate agents is more for brand awareness for the company and agent than it is to sell real estate. It has been estimated that fewer than 5% of all sales come from television advertising. Radio Radio advertising is much like television advertising but far less effective. Unless there is a talk-radio show that specifically addresses real estate, … (1 comments)
Whenever an unplanned and unwelcome financial situation develops, a Metairie mortgage-holder can find him or her in the onerous position of being unable to keep up with the monthly home loan payments. If the unhappy situation continues long enough, the likely result is a foreclosure or short sale. In addition to losing the property, the impact on personal credit then takes years to undo. That means it takes that much longer for a consumer to acquire a new home and start to build equity again. Here as elsewhere, there were rafts of such Metairie mortgage defaults following the global financial … (0 comments)
With October newly arrived, it’s a time of year when Metairie homeowners can breathe a sigh of relief; relax and take it easy. With summer behind us, most gardens require less attention. The demands harsh winter weather will make are off in the distant future— or are they? This year it might be prudent for Metairie homeowners to mentally remove a month or two from their home maintenance timetables. The reason comes in two familiar words (and they aren’t English): El Niño. According to the government’s NOAA climate forecasters, there is “an approximately 95% chance that El Niño will continue through Northern Hemisphere … (0 comments)
Back at the beginning of 2012 there came a ‘pinch me, I must be dreaming’ moment. This was back in what seemed to be the Bad Old Days, when Metairie homeowners who dared to check the latest in neighborhood home values were apt to spend a sleepless night as a result. Metairie home values had only just begun to creep upward, but the bottom line was still, as truck drivers used to say, ‘negatory.’
The Rip Van Winkle ‘pinch me’ moment was a single piece of polling information that, by itself, seemed to register a hard-to-swallow phenomenon. If believed, it would have … (0 comments)
The term real estate people use is “absorption rate” which means how many homes are for sale and how many homes have sold in the past 6 or less months. If you don’t know which homes you are competing with it is difficult to know where to price your home to make it more attractive than the competition.
Know Your Expired Competition
Another way of looking at expired properties is to consider them as properties that the MARKET REJECTED – they did not sell. Why didn’t they sell? Usually because the price did not reflect its condition or simply put – … (1 comments)
living in metairie: Cost of Living Here in Metairie is Downright Attractive
- 09/30/15 11:20 PM
Being able to work within a realistic family budget has become an increasingly important part of modern living for many Metairie residents. Metairie’s cost of living may not have been exploding —but most people are keeping an eye on it anyway.The lingering effects of the last decade’s financial dislocations—combined with the slow-motion recovery from the Great Recession—have made monitoring expenses a practical necessity. The wolf doesn’t actually have to be at the door for that more cautious attitude to have developed. Consumer optimism may be on the rise, but it’s a pretty gentle incline. In any case, it does seem that … (0 comments)
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