RESULTS MATTER

When it comes to selling your home, results matter. Berkshire Hathaway Homesale Realty promises to provide you with an exceptional real estate experience.
ResultsMatterFlier_THS

 

AskHomesale.com provides real estate advise and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 25 offices with over 1,000 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices in Baltimore City, Federal Hill, Fells Point, Westminster, and Timonium.  Pennsylvania real estate offices include York, LancasterWyomissing,Chambersburg,Gettysburg,Harrisburg, and Schuylkill Haven.

Tips for Home Buyers  |  Tips for Home Sellers | Tips for Homeowners

RESULTS MATTER

THE PRICE IS RIGHT…..OR IS IT?

the price is rightWhen selling your home, the right price and an attractive appearance are arguably the two most basic essentials.  Buyers have a pool of choices and since no two homes are alike it is crucial to make a distinction between your home and the competition.

Studies have shown that the first 2 weeks on the market are the most important.  During this time, your home will be exposed to the most active buyers, through internet searches and buyers’ agents. Therefore, if you are over-priced, your home could easily get overlooked and you could be forced to endure a slow stream of random buyers who enter the market after that point.

According to one report, homes that sold within the first week of being on the market, earned an average of about 2% over list price, while homes that sat on the market for four months sold for more than 11% below their original list price.

There are several things you should consider:

Request CMAs – Determining the value of your home is the best place to start.  A CMA (comparative market analysis) will show you the prices of recently SOLD homes in your area, homes on the market now, and homes that did not sell.  You should consider the price of the sold homes, not just the current LIST price of area homes.  You should entertain CMAs and marketing strategies from at least 3 Realtors.  Realtors seldom want to list a home that is over-priced for the simple fact that the chance of selling your home would be much lower.

Think like a Buyer – The features you consider important in your home may not be the same features that buyers will consider valuable.  Discuss current home trends with your Realtor.  Your home’s price should be comparable to other similar homes; not be reflective of what you think its worth.

Sweeten the Deal – Some buyers have needs that go beyond the bottom line price.  The ability to close quickly, seller-financing, or assistance with closing costs can be a strong attraction to buyers.  The more flexible you can be in meeting these other financial needs, the more successful you will be in pricing and selling your home quickly.

Do your own Research – It is important to educate yourself and visit open houses in your area.  Make an assessment of how these homes compare to yours in terms of location, size, amenities, and condition.  If all sale prices were the same, would you buy your home or someone else’s?

React Quickly – Immediately after your home hits the market there should be a flurry of interest and showing activity.  If not, this may indicate that your home is over-priced.  If this limited interest continues for a few weeks, you should react.  It’s still not too late to reduce the price, but do it quickly in order to sustain some interest!

Consider the Market – Things to think about: Are homes selling quickly?  Are the interest rates attractive?  Is the economy good?  How is the local job market?

Keep it Clean – You only get one chance to make a first impression.  Clean it up and fix it up.  Make all necessary small repairs, such as fixing minor leaks, patching drywall cracks, or holes in the walls.  Clean up clutter and remove personal items.  Make sure your home is immaculate every time a buyer steps inside.

You have one chance to grab buyers’ attention.  Make sure your home’s price stands out from all the others for the right reason!!

THE PRICE IS RIGHT…..OR IS IT?

Holiday Recovery

Jan IOV E-Card

AskHomesale.com provides real estate advise and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 25 offices with over 1,000 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices inBaltimore City, Federal Hill, Fells Point, Westminster, and Timonium.  Pennsylvania real estate offices include York, LancasterWyomissing, Chambersburg,Gettysburg,Harrisburg, and Schuylkill Haven.

Tips for Home Buyers  |  Tips for Home Sellers | Tips for Homeowners

Holiday Recovery

Light Up the Night

In the movie “National Lampoon’s Christmas Vacation,” Clark Griswold may have gone a little overboard with his Christmas lights, but if he was selling his house, he may have had the right idea.

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“Great decorations really set the tone for the holidays, a time when you can showcase your home in a different way to highlight areas that normally may not stand out,” said Amy Cornwell, President/ Lead Designer for Creative Impressions, which specializes in seasonal decorating.

By creating a festive atmosphere, a home seller allows perspective buyers to envision what their holidays will be like in the property—complete with a beautiful tree, stockings hung from the fireplace mantels and the smell of Christmas cookies in the air.

Home Buyers associate a sense of ‘home’ through the traditions and memories of holiday décor,” Cornwell said. “It’s a great way to attract buyers.”

Nighttime is when many perspective buyers are driving around looking at houses, and nothing will slow them down more than a great Christmas light display. “A well-designed display adds festive elegance to a home, and highlights the already-present features of the property,” said Brandon Stephens, vice president of Marketing at The Decor Group, Inc., Lubbock, Texas, specializing in interior and exterior holiday decorating.

In fact, consider holding an open house at night, when you can serve hot chocolate and better show off the Christmas lights, holiday decorations and all that the house has to offer.

Here are some simple suggestions to ensure your home captures the holiday spirit without interfering in the real estate process:

  • Keep decorations to a minimum so you don’t block views, make rooms feel smaller and disrupt the natural flow of the home. Consider a smaller tree and store gifts in another room.
  • Incorporate fresh evergreen or rosemary into your decorating for a classic look and to promote “the Christmas tree smell.”
  • Make sure light strings and extension cords are tucked away for everyone’s safety.
  • Eschew religious or cultural decorations to not alienate prospective buyers who don’t share your beliefs.
  • Leave a plate of holiday cookies and warm cider or cocoa for prospective home buyers.

 

The holidays are emotional times for most people, including home shoppers. Holiday decorations, presented tastefully and sensibly, can help you wrap a bow on your home for just the right buyer.

Happy Holidays!

Creative Impressions, Inc.

Light Up the Night

2015 REAL ESTATE PREDICTIONS

What does this year have in store for you? If you’ve been waiting to sell your home, 2015 might be the perfect opportunity! This year (2014), was the best year in the U.S. economic recovery since the 2008-2009 recession. With the economy accelerating; fueling jobs and income growth, the outlook on prospects for homeowners and would-be home buyers is positive.

2015 Houising Market

 

Mortgage Rates Will Head Back Up
An improving economy means that mortgage rates will unavoidably increase again. Freddie Mac, the now-government controlled corporation that buys and sells mortgage securities, conducts a weekly survey of mortgage rates being offered by lenders in the U.S. They also make various forecasts relating to the housing industry. Their long-term outlook calls for gradually rising rates over the next 12 months. They expect the average rate assigned to a 30-year loan to rise gradually, perhaps reaching or exceeding 5.0% by the end of next year.

Granted, this is only a real estate prediction for 2015 — not an assurance. But it is based on some of the best data available, analyzed by economists who specialize in mortgage and housing trends. So it probably won’t be far off. Think of it as a well-educated guess.

 

Mortgages Will Be Easier to Obtain
According to the Federal Reserve results of its July “Senior Loan Officer Survey on Bank Lending Practices,” mortgage lenders are relaxing their standards in several key areas.

To briefly explain, lenders are allowing lower credit scores and higher levels of debt, where mortgage borrowers are typically concerned. This trend is an industry-wide reaction to lower loan volume. Traditionally, when application volume goes down, lenders try to compensate by relaxing their standards and putting more loans into the pipeline. This happened in 2014, and it will likely continue into 2015 to some degree.

 

The Impact of Millennials
Some millennials, born between 1981 and 2000, are no longer living with their parents as they struggle to pay off student loan debt. Although the job market has been a challenge, employment is improving, and older millennials are planning for the future.

Millennials between the ages of 25-34, represent about 65% of first-time home buyers. This means that older millennials (young adults) are at an age when many are getting married and starting their own families. In the next 5 years, millennials are predicted to have a major impact on the growth of the housing market.

 

Closing Out the Foreclosure Crisis
It’s been seven years since the housing bubble burst and foreclosures skyrocketed, but in 2015 we’ll see the end of that era. Already this year has seen fewer foreclosures and short sales in the mix. With foreclosure inventories down more than 30%, it is predicted that there will be a slightly greater drop in foreclosure levels in 2015.

However, the situation will differ in every market, neighborhood and individual home, which is why most people prefer working with a Real Estate professional.

Information provided by: Homebuying Institute & Realtor.com

 

AskHomesale.com provides real estate advise and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 25 offices with over 1,000 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices in Baltimore City, Federal Hill, Fells Point, Westminster, and Timonium Pennsylvania real estate offices include York, LancasterWyomissing, Chambersburg, Gettysburg, Harrisburg, and Schuylkill Haven.

2015 REAL ESTATE PREDICTIONS

Safest Cities to Live in Maryland

The state of Maryland is many things – it is the wealthiest state in the country with the highest median household income; it is one of the smallest states in area, yet has a high population, giving it one of the highest population densities in the USA; and, Maryland has numerous nicknames including America in Miniature, Little America, and Old Line State. Is Maryland a good place to live if you’re looking for family-friendly neighborhoods with low crime levels? If you are considering moving to Maryland, here are 7 of the safest cities to live.

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1. Dayton
Dayton is what’s called an “unincorporated community” and it’s lessthan 30 miles west of Baltimore. Around 10,000 people live in Dayton, in Howard County, enjoying the small town feel and low crime levels. Dayton has a crime index of 96, and is the third safest community in Maryland.

 

2. Ijamsville
Named for its founder, Plummer Ijams, Ijamsville is a small community in Frederick County, about 7 miles southeast of the city of Frederick. Around 3,200 people live in Ijamsville and it’s the fourth safest town in Maryland. The crime index is 94.

 

3. Clarksville
The unincorporated community of Clarksville has some of the most expensive homes on the East Coast. Set in Howard County it is also famous as the home of top performing River Hill High School. The town has a population around 9,000 people and is the fifth safest town in Maryland. It has a crime index of 94.

 

4. Jarrettsville
Jarrettsville is a census-designated place in Harford County, home to around 2,900 people. It was named for the Jarrett family who farmed the land in the 1800s. Jarrettsville is about 30 miles north east of Baltimore and has a crime index of 93.

 

5. Fallston
Set in Harford County in the north of Maryland, Fallston is a census-designated place that’s home to around 9,000 people. It’s a semi-rural community only 20 miles outside of Baltimore, and it’s the seventh safest town in Maryland. The crime index is 92.

 

6. Myersville
Myersville is a small town set in Frederick County, about 11 miles northwest of the city of Frederick. Enjoying its status as the ninth safest town in Maryland are roughly 1,600 residents. Myersville has a crime index of 91.

 

7. Brentwood
Taking the last spot in our top seven safest cities in Maryland is Brentwood. This town is in Prince George’s County, just 1 mile from Washington DC. Obviously the crime problems in the nation’s capital haven’t seeped out to Brentwood yet! Home to around 3,100 people, Brentwood has a crime index of 91.

 

If you are planning on moving or know of someone who is thinking about moving, then contact your local Homesale Agent for help. For more real estate information, please visit our Homesale website.

 

 

Safest Cities to Live in Maryland

Holiday Safety For Your Home

It is the season of joy and everyone is excited for holiday celebrations! While you are eager to decorate your home, you should take some precautions as you deck the halls and start a fire in the fireplace. Here are a few helpful tips on how to maintain safety in your home and still enjoy the holiday season.

 

Dec-14-IOV - E-card

 

 

AskHomesale.com provides real estate advise and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 25 offices with over 1,000 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices in Baltimore City, Federal Hill, Fells Point, Westminster, and Timonium.  Pennsylvania real estate offices include York, LancasterWyomissing, Chambersburg, Gettysburg,Harrisburg, and Schuylkill Haven.

Tips for Home Buyers  |  Tips for Home Sellers | Tips for Homeowners

Holiday Safety For Your Home