Selling your Home in the New Year

Selling your Home in the New Year

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With a new set of New Year’s resolutions and 2016  behind you. If your house is on the market, selling is probably number one on your to-do list. After the busyness of the holiday season, it’s time to take a step back and look at how you are “selling” your house at this slower time of year.

It is important to be aware of the many difficulties a seller can come across during the start of the new year and work to overcome them. Although January is not the best selling month for real estate, your house is not going to just sit on the market. Homes do sell in January!

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Listen to an expert
There are many ways to interested buyers, but you may have to get creative with marketing ideas for your house. It is important to listen to the advice from Matthew Stebbins, your Merritt island REALTOR® from My House realty on ways to get the word out to more potential buyers. Your REALTOR® is an expert in selling, marketing  and will be able to offer you plenty of tips to make your house more marketable. Also, don’t forget to tell everyone you know that your house is on the market. You never know who your friends and acquaintances might pass this information along to.

Time to move on. After the holiday season, it’s time to clean up and clean out. All the new presents and toys need to be stored in a proper place. Your house must look like new once again. The holiday decorations need to come down both inside and out and be put away. Tasteful winter decorations may be used such as wreaths, but the remember that Christmas is over. You might consider storing extra things in boxes out of sight in order to help eliminate clutter. Too much clutter is a distraction for buyers to get past.
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Show some color; let in the light

During the winter months, it is important to still make your landscape draw people inside. Make sure the yard is nice and tidy. Use seasonal color in your gardens and pots such as pansies, camellias or flowering shrubs. These plants thrive in the colder weather and will help you avoid having a bare yard during the winter months. You can use winter rye to bring green color to your lawn in the winter and it actually loves the cold!  Another tip to make your house more inviting which should be used all year is to let as much natural light in as possible and turn on the lights when showing. Both of these tactics will brighten up your house to sell.
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Be flexible
Finally, being flexible on your price may be a useful selling tip! Try not to get to emotional and negotiate a lower offer. Remember to not take a lower offer personally because  after the holiday season, overspending may cause some buyers to search or offer for lower prices. A way to overcome this problem is to offer incentives such as contributions to the down payment, closing costs or bringing down the interest rate. Pricing correctly and negotiating well are important tools that are very important!
With help from your agent and a little creativity on your part, you’ll be able to achieve your top New Year’s resolution: selling your home quickly and for the best possible price and terms!

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Want to know what you home is worth? Click here!

MATTHEW STEBBINS

MATTHEW STEBBINS

Mobile: 321-482-3585
http://www.homesinmerrittislandflorida.com/

5 Real Estate predictions for 2017!

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2017 has begun and some are wondering what is in store for the housing market this year. I have done a bit of research and found what experts are saying. Experts are making some interesting predictions!

Here are some of the key predictions for 2017:

  1. Millennials and boomers are expected to move markets

In 2017, the U.S. real estate market will be in the middle of two huge demographic waves that will continue to go for at least the next 10 years.

Millennials and baby boomers, which are the two largest American generations in history, are both approaching life stages that typically motivate people to buy a home: get married, start having children,  begin their retirement, and become empty nesters.

It’s predicted that millennials will make up 33% of buyers in 2017, but may be ower due to increasing interest rates.

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  1. Millennials will look to the Midwest

While the financial picture may look cruddy for our youngest home buyers, the Midwest, with its affordable cities look good. It is believed Midwestern cities will continue to beat the national average with the estimated proportion of millennial home buyers in 2017. Leading the pack are Madison, WI; Columbus, OH; Omaha, NE; Des Moines, IA; and Minneapolis.

“It’s easier for millennials to buy in more affordable markets like in the Midwest,” a source says. “We’re also seeing large numbers of millennials buying in Midwestern markets with or near big universities. So part of this is an effect of recent graduates with good jobs being able to settle down in these more affordable markets.”

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  1. Price appreciation will slow down

It is estimated that nationally, home prices are forecasted to slow to 3.9% growth year over year, from an estimated 4.9% in 2016.

“Prices are still likely to go up at an above-average pace as long as supply remains so tight,” a source says. “The inventory problem is not going away.”

Of the top 100 largest metros in the country, 26 markets are expected to see price increases of 1 percentage point or more, with Greensboro, NC; Akron, OH; and Baltimore experiencing the largest gains.

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  1. Fewer homes, fast-moving markets

The inventory of homes available for sale is currently down in the top 100 U.S. metropolitan markets—and the conditions limiting home supply are not expected to change in 2017. The median time it takes a home to sell, is 68 days in the top 100 metros, which is 14%, or 11 days, faster than the national average.

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  1. The West will lead the way

It’s estimatedthat the metropolitan markets in the West will see a price increase of 5.8% and sales increase of 4.7%, much higher than the U.S. overall. These markets also expected to dominate the ranking of the realtor.com 2017 top housing markets (more on that tomorrow), making up five of the top 10 markets on the list: Los Angeles, Sacramento, and Riverside in CaliforniaTucson, AZ; and Portland, OR.

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*Info and statistics were gathered from realtor.com

Want to know what you home is worth? Click here!

MATTHEW STEBBINS

MATTHEW STEBBINS

Mobile: 321-482-3585

http://www.homesinmerrittislandflorida.com/