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IS SEPTEMBER A BUYER'S MONTH?

by Phil Kelley

With summer ending, the fervor of home buying is dying down, which can be a good thing for buyers. A recent article in Daily Real Estate News noted that homebuyers looking to purchase during the off-season, particularly September, could have the upper hand.

Jonathan Smoke, chief economist for realtor.com, reported that supply rises in the late summer, providing buyers with more choices. In the third week of August, national inventory was at 1.91 million units, an increase of 21 percent since January.

“Normally inventory peaks in August and begins to slow as the nights grow longer,” Smoke says. “But this year the typical seasonal decline will start a bit later. There will be more choices in September than any other month in 2015.”

Other incentives include less competition (in large part due to the start of the school year) and low mortgage rates.

So get out there and find that dream home!

TREES TAKE ROOT IN THE FALL

by Phil Kelley

Spring and summer may seem the ideal time to plant and revamp yards and landscaping, but most experts agree that fall is the prime season for planting trees. Early spring is also an auspicious time, but can be hindered by heavy showers or early season heat waves.

Fall generally offers more moderate temperatures over a longer period of time. Soil temperatures remain warm through early October, allowing root systems to acclimate before cold weather arrives. Newly planted trees do best when exposed to moderate temperatures and rainfall before being exposed to either intense heat or freezing temperatures.

TIPS FOR SELLING YOUR HOME QUICKLY

by Phil Kelley

Whether you are selling your home during the peak home buying season or not, following these simple tips can help you sell your home quickly, which you know is every seller’s dream.

1. Make a good first impression. Take the time upfront to create some curb appeal. If prospective buyers drive by and don’t like what they see on the outside, they aren’t likely to take the time to look at the inside. Make sure your lawn is well maintained, plant some flowers, paint the fence, replace the mailbox--whatever it takes to give the best possible first impression.

2. Consider what is in style and make appropriate updates. In addition to freshening up the outside, take some time to freshen up the inside. Update outdated fixtures, give the walls a fresh coat of paint. Making your home move-in ready will increase the likelihood of getting an offer.

3. Depersonalize your home. Remove family photos, religious or political items and help prospective buyers envision their family in your house. Make sure your home is clean and clear of clutter, having too much crammed into a space will make it seem smaller.

4. If you own pets, remove them. You don’t want prospective homebuyers to know that you have pets. They shouldn’t be able to smell them, see them or see their paraphernalia.

5. List it at the price you want. Don’t start the asking price higher, thinking doing so will provide you with more room to negotiate. An asking price that is higher than it should be will keep buyers away. Your first 30 days on the market are the most activity you will get, so show buyers you are serious about selling and list the house at a reasonable price.

6. Most homebuyers start their search online so make sure your house is listed online and that the listing is full of great pictures. The photos of your home will likely be a major factor when a potential homebuyer decides if they want to see your property. The better your photos, the more likely you are to get home buyers to schedule a viewing.

7. Be flexible about visits. The more flexible you are regarding days and times people can view your home, the more people will view your home. If you only allow viewings at certain times on certain days you are limiting the number of potential homebuyers that are going to see your property. You’ll also want to be sure that you leave when the house is being shown. Homebuyers don’t want you hovering over them while they look through your house.

 

Displaying blog entries 11-13 of 13

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Phil Kelley
RE/MAX Realty Group
Six Montgomery Village Ave., Suite 200
Gaithersburg MD 20879
Phone: 301-983-2428
Cell: 301-873-7635
Fax: 301-417-9736

 Each Office Independently Owned and Operated