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Found 9 blog entries tagged as sellers.

The Benefits of Growing Equity in Your Home | MyKCM

 

Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked benefits of rising home prices is the positive impact they have on home equity. Let’s break down three ways this is a win for homeowners.

1. Move-Up Opportunity

With the rise in prices, homeowners naturally experience an increase in home equity. According to the Homeowner Equity Insights from CoreLogic,

“In the first quarter of 2019, the average homeowner gained approximately $6,400 in equity during the past year.”

This increase in profit means if homeowners decide to sell, they’ll be able to put their equity to work for them as they make

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Why Now Is the Perfect Time to Sell Your House | MyKCM

 

As a homeowner, it’s always tempting to dream about the next big project you’re going to tackle. The possibilities are endless. Should I renovate? Should I refinance? Should I stay? Should I move? The list goes on and on.

In today’s housing market, it’s actually a great time to shift your thoughts toward selling your house and moving up into the home of your dreams. Here’s why:

Inventory is on the rise, but there’s still an overall shortage of houses for sale (less than a 6-month supply found in a more normal market), so homes are going under contract quickly. In fact, the National Association of Realtors (NAR) Realtors® Confidence Index Survey reports that right now homes are only staying on the market for an average of 27 days. That’s

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We all want to sell our homes at above asking price, but what is it that makes a seller succeed at this? Here's our expert advice on how you can sell your home above the asking price.

Ask For Less

You may be surprised, but pricing your home lower than market value can have an extremely positive effect on the offers you receive.  This is because a low-priced listing will stand out and will draw more attention, which boosts your chance of a bidding war.

By attracting more buyers to come and look at your home, you will find more buyers who are willing to make an offer on your property.  When they view your home they will see its true market value, and are then more likely to make a higher offer in hopes of outbidding others.  It's all about creating

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It doesn't matter where you live, what kind of home you have or what time of year it is. If you're looking to sell your home quickly, you'll need to do a better job than other local homeowners who are competing against you. Try these top three tips to secure a sale within 60 days.

 

Enhance Its Appearance

 

When it comes to selling your home, looks are everything.  If the appearance of your home is impressive, it will be more inviting to potential buyers.  Remove any items that make the home distinctly yours, such as family photos, kids' toys, or personal items.  Ensure that every space is meticulously clean and clutter free to demonstrate that it is a well-kept property. 

 

It is also extremely beneficial to neutralize the design of

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Buyers don't despair...even though interest rates are rising and inventory is super low. You can still find the home of your dreams. But first you must be prepared.

1.Talk to a lender . Before you start your home search, talk to a lender to find out what you can qualify for. It doesn't make sense, if you don't know what price range to look in. Lenders look at a number of things to determine how much they will lend. And when you find the perfect home, you'll need a pre qualification letter to accompany your offer. With homes having multiple offers, you want to be ready.

 2. Find yourself a good Realtor. Your Realtor can not only help you find a home, but can also help determine the best price to offer and help you navigate through the process to get

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New Construction Numbers: Now Versus 2005 | Simplifying The Market

There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today:

“The havoc during the last cycle was the result of building too many homes and of speculation fueled by loose credit. That’s the exact opposite of what we have today.”

If we look at the number of new single family housing starts over the last 30 years, we can see that the numbers of housing starts during the current recovery (2012-Today) are still way below historic averages, and are far less than the numbers built during the run-up to the housing bubble (2002-2006).

New Construction Numbers: Now Versus 2005 | Simplifying The Market

A single family housing

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Housing Update: Demand Up, Supply Down, Prices Increasing | Keeping Current Matters

Earlier this week, the National Association of Realtors (NAR) released their latest quarterly report. The report covered three important aspects of the housing market:

  1. Buyer Demand
  2. Supply of Housing Inventory
  3. Single Family Residential Prices

Today, we want to break down the highlights of the report along with several quotes from Lawrence Yun, the Chief Economist at NAR.

Buyer Demand

Total existing-home sales (which include single family and condo) were at an annual rate of 4.97 million in the first quarter of 2015. This represents a number which is 6.2 percent higher than the pace during the first quarter of 2014.

Yun: "Sales activity to start the year was notably higher than a year ago, as steady hiring and low interest

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At the risk of sounding cliche, the old adage “The early bird catches the worm” definitely applies to selling your home. Those who get started early tend to sell for more money in a shorter time.

There are three basic reasons.

Reason #1 - Buyers doing research in the winter months are generally more serious about buying soon. As the weather gets nicer, it tends to pull a lot of daydreamers into the process. On sunny days people like to drive around and “window shop.” It’s a pleasant way to pass the time, but unfortunately a lot of these folks don’t have serious intentions or can’t afford to buy anytime soon.

Reason #2 – Sellers who get started early tend to generate a higher sale price because they have more time to get their home in tip top

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