Selling a home your home in a buyers' market, where the number of homes exceeds the number of buyers, can be quite difficult. You will really have to work hard to get your home sold. A potential buyer is looking for value. Their goal is to get the best home for their money. As a result of this, a potential buyer can be selective and refuse to settle. In order to attract buyers, you will have to make sure that your home is in great condition. You should also price your home right.
Additionally, you should see your house as a product and find out more about your competition. Make sure that your home stands out from the competitors, either in how it is priced or delivered to the marketplace.
Know The Competition
Homeowners were compensated for trillions of dollars last year in lost home values per estimates from online real estate database Zillow. Because consumers were able to reap more equity, home equity lending programs enjoyed a major resurgence. While it’s not back to pre-crash levels at present, home values are continuing to rise and breathing new life into the lending industry. Here are a few important tips that can help you put your home to work for you.
In order to qualify, lenders are going to require you to own 20% or more of your property. This equates to an 80% remainder balance on your mortgage loan compared to the home’s value. Close to 4 million homeowners in the U.S. were released from...
Sarasota Real Estate Market Report - November 2013
In November 2013, the median price for small single family houses that were purchased in Sarasota County was 20.6% higher than the median price for similar-sized houses sold in the county during November 2012.
More specifically, the median price of single family properties was $187,000 in November of 2013 and $155,000 in November 2012, a clear indication that the housing market in Sarasota County is beginning to rebound. From November 30, 2012 to November 30, 2013, the median sale price of single family houses was $181,700, a 23% increase from the median price of $147,000 that characterized the previous twelve month period.
Condominium Sales Numbers
While the median prices of single family homes in Sarasota...