Yesterday I offered a set of New Year's Resolutions for any Austin Home Buyer for 2008. Today the focus is aimed at Sellers who may have plans to enter their home into the Austin Real Estate Marketplace. So for those wanting a successful sale, here are some of your resolutions.
1. Learn About the Austin Housing Market: Just like a buyer, it is a good idea to for sellers to understand their local market too. Seek the facts on your specific area where your home is located. In 2006 through most of 2007, sellers were seemingly flattered with an abundance of buyers and multiple offers. The market has cooled down a little so it is a good idea to understand the speed of your neighborhood currently so your moving plans will go smoothly. Get specific facts.
2. Spend More Time With Your Home: Today's Austin home buyer has an eagle eye when they walk up to and through a home. I have spent a lot of time and still do work as a buyer's agent so I tend to hear what things makes impressions on them. So that out of control flowerbed or that worn out carpet that needs attention is screaming for your time. Spend more time with your home and put the work into to needed to make it looks its best inside, increase its value, and reduce the market time to sell. Remember details are everything and the saying "Cleanliness is next to Godliness" applies here. If you have no idea what things Austin Buyers are looking for, seek consultation from your designated Seller Representative Specialist who knows what is in demand.
3. Discover Your Home's Right Price: Many times Sellers get caught up on what they would like to get for their home or they want this much for their home. Sometimes Sellers have done their homework and can get a close guesstimation, but overpricing can have negative effects. Longer market time and bad first impressions from buyers and Realtors alike ("Where's the value?") tend to be the major Achilles heal for Sellers. The right price sells homes timely.
4. Know When to Say When: Separate your ties to your home that is, when you definitely decide to place your home on the market. One of the biggest emotional hurdles and set backs for current homeowners selling is letting go and realizing that you are presenting your home so a buyer can envision themselves living there. Staging is a very beneficial compliment to your 2nd resolution which maximizes the look, space, and appeal of your home. Not to mention staging can minimize market time.
5. Stay Committed: Statistically we are still in a Seller's Market, but the numbers have swayed slightly. Staying proactive responding to the market and its buyers aggressively can help you sell your home quicker.
So remember, tie a string around your finger to help you keep these Austin Home Seller Resolutions for 2008 to ensure a successful sale your home.
For more in depth information on any of these areas, feel free to email me. I have a lot more to share. And feel free to comment below.
Now that the holidays are over, the Texas Longhorn Bowl game has been won, the champagne glasses are empty, and all the great holiday sales are coming to an end, its time to think about our New Year’s Resolutions. For most its joining Pure to get back in shape or maybe an initiative to get organized- or maybe, just trying to stick with your new resolutions longer than you did in 2007. To help, I created the Austin Home Buyer’s New Year’s Resolutions list for 2008 conveniently available below to help if you are thinking about buying a home this year in and around Austin.
1. Learn About the Austin Housing Market: What may be a surprise to you is that our market is quite different from many of the other ailing areas of the country. Even Neighborhoods are different. National media reports on the market as a whole not areas individually. Austin did not explode in appreciation like many of the states along the coasts the led to their bubble pops. Get the facts.
2. Become Friends Again with Your Credit Report: I know you are probably thinking about the all the gifts you charged increasing your debt but whether you think you know your credit or are afraid of it, you have to know where you stand if you have visions of home buying. I read a report that identity theft rose from 20 Mil in 2006 to 79 Mil in 2007. That and careless errors reported to the bureaus are becoming more and more common. Your free yearly credit reports from the big 3 is a great place to start to grab you finances by the reins.
3. Understand How Mortgage is Changing: Also understanding different loan options is important. While there are only a handful of 100% financing programs floating around, many of the other programs and underwriting criteria have changed. Alternatives like FHA loans may be an option to fit your financial profile. Also grants and special programs like down payment assistance can also help. How do you find out about these programs? The way consumers find out is through a Mortgage Consultant. The number one way to find a Mortgage Consultant is through their Realtor.
4. Search for the Best Home for Your Family’s Needs: Location, size of homes, school district, neighborhood amenities are all important. Analyze how long you intend to stay in your home or neighborhood, distance to jobs, and convenience for shopping. Don’t be afraid to drive the neighborhoods at night or even view a couple of homes on the market at different price ranges. It is one thing to see it online on the MLS and quite another to actually walk a home. You will learn a lot more when you see with your own eyes.
5. Stay Commited: These are steps leading up to a purchase. Even if you are buying your first home, moving up, or relocating every situation is different and requires patience especially during the contract phase. I do this for a living and no two transactions have ever been the same. The one thing that is constant is knowing how to deal with these situations.
So there you have it. Even if you only make it to the gym for two weeks or fail to organize your desk, sticking with these Home Buyer Resolutions can help you successfully buy a home in 2008.
For more in depth information on any of these areas, feel free to email me. And feel free to comment below.
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Accredited Buyer Representative and Seller Representative Specialist successfully serving the Austin, Round Rock, Cedar Park and surrounding areas.
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