Pricing Archives | Blessings Realty | Colorado Springs and Monument Realtor

Why Pricing Your Home Right Matters This Fall [Infographic]

October 2, 2020 By Claire Garlick Leave a Comment

If you are thinking about moving, selling your home this fall might be the way to go. Here is why pricing your home right matters:

The Bottom Line

As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true.
To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start.
Contact me today to make sure you have the guidance you need to price your home right this fall!

Article originally published at https://www.keepingcurrentmatters.com/2020/09/25/why-pricing-your-home-right-matters-this-fall-infographic/.

3 Renovations That Can Help You Sell Your Home Faster

August 5, 2020 By Claire Garlick Leave a Comment

If you’ve decided to place your home on the market, you likely want it to sell as quickly as possible. Partially, this is for your own convenience. More importantly, though, the longer that a house sits on the market, the lower its final price tends to be. Therefore, before you list your home, you need to be sure it’s ready to attract as much attention as possible.

One great way to do this is by making strategic renovations to various areas around your home. You want to be sure you’re making the most of your remodeling budget to ensure it results in the biggest payoff. To help you come out ahead, here are three renovations that can help you sell your home faster:

Kitchen

A dated kitchen is one of the biggest turnoffs for potential homebuyers. A kitchen that’s been renovated using quality materials often draws people in and causes them to overlook other potential flaws. Therefore, a kitchen renovation can be a great investment to make before you sell your home.

Quality finishes in the kitchen are crucial, as many buyers at all price points are looking for granite countertops (or something similar) and tile backsplashes. The cabinets should also be of decent quality and a neutral color that appeals to a wide range of people.

Roof

Since a roof is rarely seen except when you’re coming and going, it might not seem like the best place to spend your renovation dollars; however, if you can state on your home’s listing that the roof was recently replaced, you may gain more interest, potentially helping you to sell your home more quickly.

Be sure that the roofers you choose do a good job of sealing the roof cap and any protrusions, as you certainly don’t want the next homeowners to be left with a leaky roof. Also, make sure that the color of the shingles matches the character of the home so buyers aren’t turned off the moment they approach your house.

Bathroom

Moving back inside, a bathroom renovation is a great way to maximize the effectiveness of your remodeling budget. After all, no one wants to feel like they’re living in someone else’s grime.

A bathroom is one area where you can have a little fun with the renovation, adding unique features such as a tile tub surround or a designer light fixture that’ll help your home stand out from others in your area. Again, quality installation is important here, as you don’t want to put the future homeowners at risk of a major water leak.

Renovations can go a long way toward helping your home sell more quickly. Remember, it’s important that you are disciplined in how you spend money on remodeling to be absolutely sure that you don’t end up spending more than you get out of your home when you sell it.

Article originally published at http://blog.rismedia.com/2020/renovations-sell-faster/

What Are Experts Saying About the Rest of 2020?

July 6, 2020 By Claire Garlick Leave a Comment

One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. Here’s a look at what some experts have to say about key areas that will power the industry and the economy forward this year.

Mortgage Purchase Originations: Joel Kan, Associate Vice President of Economic and Industry Forecasting, Mortgage Bankers Association

The recovery in housing is happening faster than expected. We anticipated a drop off in Q3. But, we don’t think that’s the case anymore. We revised our Q3 numbers higher. Before, we predicted a 2 percent decline in purchase originations in 2020, now we think there will be 2 percent growth this year.

Home Sales: Lawrence Yun, Chief Economist, National Association of Realtors

Sales completed in May reflect contract signings in March and April – during the strictest times of the pandemic lock down and hence the cyclical low point…Home sales will surely rise in the upcoming months with the economy reopening, and could even surpass one-year-ago figures in the second half of the year.

Inventory: George Ratiu, Senior Economist, realtor.com

We can project that the next few months will see a slow-yet-steady improvement in new inventory…we projected a stepped improvement for the May through August months, followed by a return to historical trend for the September through December time frame.

Mortgage Rates: Freddie Mac

Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.

New Construction: Doug Duncan, Chief Economist, Fannie Mae

The weaker-than-expected single-family starts number may be a matter of timing, as single-family permits jumped by a stronger 11.9 percent. In addition, the number of authorized single-family units not yet started rose 5.4 percent to the second-highest level since 2008. This suggests that a significant acceleration in new construction will likely occur.

Bottom Line

The experts are optimistic about the second half of the year. If you paused your 2020 real estate plans this spring, reach out to a local real estate professional today to determine how you can re-engage in the process.

Article originally published at https://www.keepingcurrentmatters.com/2020/06/29/what-are-experts-saying-about-the-rest-of-2020/.