It is still a great time to be a seller, but in much of the Western U.S., the local real estate market has begun to soften. With significant increases in inventory, buyers now have more choices and less sense of urgency. If you are thinking about selling your home, pricing it correctly the first time is critical. Here’s why:
If you overprice your home, it won’t show up in some search results.
Buyers search for homes using the parameters they desire. Price range is one of the most critical. If you set an unrealistic price of $850,000 for your home, all the buyers searching for homes up to $825,000 will fail to see your property in their search results.
An overpriced home attracts the wrong buyer.
An overpriced home will not compare favorably with the realistically-valued homes in a buyer’s price bracket. If your home is missing the amenities, square footage or other features of homes within the price range you’ve placed it in it won’t sell.
Overpriced homes linger on the market and risk becoming “stale”.
The interest in a home is always highest when the listing first hits the market. When an overpriced home goes unsold for a long period of time buyers often wonder what is wrong with the property. When a buyer moves on from a listing they rarely come back, even if you drop the price.
You run the risk of getting less for your home than if you priced it correctly the first time.
A Zillow study showed that homes that linger on the market tend to sell for significantly less than their listing price. When a home sits on the market for an extended period of time, buyers feel they have lots of room to negotiate.
The longer your home remains on the market, the more expenses you incur.
Every month your home goes unsold you put out money for mortgage payments, utilities and other home expenses that you will never recover.
Valerie Schindler represents a property selected as a finalist in the 2018 HGTV Ultimate House Hunt, a month-long online promotion being held on HGTV.com from June 12 through July 17. During the contest period, consumers vote for their favorite homes among 88 finalists in eight different categories. Click HERE TO VOTE for the Treehouse in the Extreme Homes Category
The listing was selected by editors of HGTV.com as a finalist in the Extreme Homes category, based on its extraordinary features and inspirational design, captured by striking photography. Additional categories include Amazing Kitchens, Curb Appeal, Global Homes, Homes with a History, Modern Masterpieces, Urban Digs and Waterfront Homes.
This is the seventh consecutive year HGTV has aligned exclusively with Windermere Real Estate global real estate network Leading Real Estate Companies of the World® and its luxury marketing division Luxury Portfolio International® to host the Ultimate House Hunt, which is one of the most popular contests on HGTV.com.
“We are thrilled that The Treehouse was selected as a finalist in HGTV’s Ultimate House Hunt contest. The home was designed by renowned architect, Tom Bosworth, who captured the essence of the property’s environment and translated it into a beautiful and unique home.” The property owner comments: “Nestled in a vibrant green rainforest, surrounded by enormous Doug fir trees and bordered by pristine Dabob Bay, this modern-day Treehouse has an amazing spirit. It is an architectural treasure that sits gently on the forest floor nodding gracefully to its environment. As cliche as it may sound, every time we walk into this home our souls are renewed and the clutter of day-to-day life truly does disappear and we are left feeling extremely present and content in this small, undiscovered corner of western Washington. It’s a breath of fresh air.” Valerie Schindler, Owner/Designated Broker, Windemere Hood Canal.
Stage Your Home to Impress Holiday Guests
A few tricks used by professional home stagers can make your home holiday-guest-ready, even if you’re preparing for a visit from your in-laws, not potential buyers.
While friends and family might be more forgiving than a home-shopper would be, you’ll still want to create a clean and uncluttered atmosphere for making holiday memories. A major difference is, for friends and family, you don’t need to depersonalize. Tastefully placed photographs and kids’ hand-made masterpieces can help make a house a home, after all.
But you do want to make your place look and smell clean, and you might even want to evoke a sense of holiday magic and warmth. Michele Graham, a Long & Foster regional administrator and accredited home stager who works with agents in the greater Philadelphia area, offered these tips:
Cleanliness first. Make bathrooms sparkle and shine, since these are rooms every guest will probably see. Add fresh cut greens on top of the window treatments, and set out festive holiday hand towels or napkins. Keep small caddies of cleaning supplies in the bathroom and kitchen, or at least on each level of the home, to make clean-ups faster. In the kitchen, run a piece of fresh lemon through the garbage disposal and wipe off the splash guard, which can collect grime.
Clip an automobile air freshener to your shower curtain in a hidden spot to keep the bathrooms smelling good. You can use dryer sheets to do a quick dust job or polish up chrome faucets. Baby oil will make stainless steel appliances shine.
Add sparkle. Put something shiny in every room, whether it’s mirrors, mercury glass, silver or gold candlesticks, picture frames, or a string of white lights. The light will bounce off eye-catching shiny and metallic surfaces.
Bring in some green. Liven up your mantle or table with evergreen branches, holly boughs with berries, dogwood, and other décor provided by nature. You might find the perfect accents right in your own backyard.
Layer and add depth. A few silver and gold accessories add formality, while plaids and burlap are more casual. Embrace the palette of the season, with its gray sky, snow and evergreens. Even after the holidays, you can use white and silver accents around the house. You can add a pop of color using throw blankets and pillows.
Festive curb appeal. Greet your guests upon their arrival with window boxes filled with fresh-cut greens or even fake ones. Holly branches, pine cones and shiny round Christmas ornaments catch the eye.
Graham said you don’t have to spend a lot of money to get your home ready for the holidays. Most of the items she recommends can be found at dollar stores and thrift shops.
And one of the best ways to brighten your space is free. “Keep your window treatments open to let in as much natural light as possible,” Graham said. “It will add a wonderful glow to accent your décor.”
This blog was reposted with the permission of Long & Foster.
Before the wet and cold weather arrives, makes fall the best time to tackle home maintenance projects that are vulnerable to the weather.
For ideas, check this list of the top things to take care of before the bad weather sets in: The List
Even the best handyman or woman doesn’t know it all. So we’ve put together a list of local service providers that may be able to help: Service Providers
Of course, you can always search the internet for fixit tips and home maintenance “how-tos” We’ve put together some popular ones below.
According to the National Association of Realtors annual Vacation and Investment Home Buyers Survey for 2014, vacation home sales increased by a whopping 57% over 2013. It states demand is particularly high among baby boomers who are prepositioning for retirement.
We can relate! Hood Canal has always been a vacation home/second home market. Not only because of the beautiful water and mountain setting which offers so much in the way of outdoor activities. But also because it's only two hours from major metropolitan areas. It's easy to get here for weekend getaways.
And those that decided to move here full-time find, like many of us, that being only a couple hours away from Seattle means you can still go to Seahawk, Mariner and Sounder games, concerts, operas or other major events. Many times we rendezvous with old friends in Seattle by leaving our car in Bainbridge Island or Bremerton and walk on the ferry to go to Pike Place Market or catch a bus or train to other destinations.
Here is a link to the National Association of Realtors article and Infographic: Vacation Home Survey. If you are considering buying or selling a vacation rental, its sure to be of interest to you.
But even cloudy, misty days offer the benefit of less people and choosing hikes with waterfalls and moss covered trees: Dosewallips River hike, Steam Donkey trail, Murhut Falls, Lena Lake, and Staircase.
Use the hiking guide at wta.org and choose the east Olympics region for more hiking options.