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Selling Your Home

Found 28 blog entries about Selling Your Home.

 

Are you ready to begin getting your home in top condition to sell? There are a few steps every homeowner should take before listing your home to maximize the chances of getting a high offer. From decluttering and cleaning to fixing broken items and painting, the following actions can help dramatically when trying to sell your house.

1. Declutter Everything

Organizing your space will help prospective buyers visualize the home with their own things in it. Clutter, knick-knacks, and stuffed closets make it much harder for buyers to see how they could make it their own.

2. Have Extra Light Bulbs On Hand

All lights will need to remain on when your house is being shown. Having an extra stock of light bulbs ensures buyers can see

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If you follow business and financial news, you hear a lot about which way the wind is blowing in the housing market. Including on Marketplace. From housing starts and new home sales, to existing home sales and various price indices, figuring out what all these numbers mean can be head-spinning.

Even one of the biggest homebuilders recently looked at all the signals coming from the housing market and, basically, shrugged. In January, Stuart Miller, executive chairman of real estate company Lennar, told analysts the company wouldn’t give a forecast for the year. “We’ve been careful not to give too much guidance looking ahead because there’s uncertainty,” he said in an earnings call.

How to make sense of it all? First, keep in mind that some of

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  • U.S. home sales fell in January to their lowest level in more than three years and house prices rose only modestly.
  • The National Association of Realtors said on Thursday existing home sales dropped 1.2 percent to a seasonally adjusted annual rate of 4.94 million units last month.
  • That was the lowest level since November 2015 and well below analysts' expectations of a rate of 5.0 million units.

U.S. home sales fell in January to their lowest level in more than three years and house prices rose only modestly, suggesting a further loss of momentum in the housing market.

The National Association of Realtors said on Thursday existing home sales dropped 1.2 percent to a seasonally adjusted annual rate of 4.94 million units last month.

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Recovery Slows, but Remains Steady

It may feel as if the housing recovery is slowing to certain finality, but its overall health is still improving.  Existing home sales have been declining monthly and new homes starts have fallen flat – but year over year, the local housing market is still showing growth. As we see areawide increases in price cuts and accessibility begins to improve, the market will continue to strengthen as affordability constraints ease up, even as mortgage rates continue to rise.

The Transition to a Buyer’s Market

Surges in both mortgage rates and demand, coupled with a lack of supply, brought steady hikes in sale prices in 2018. While 2019 will continue to bring healthy growth, home value increases will stabilize, making

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Seattle-area home prices dropped more than anywhere else in the country, according to the new Case-Shiller home price index released Tuesday. The index showed the region’s largest monthly drop in home prices since the late stages of the housing bust.

Just this past May – which in hindsight appears to have been the peak of the current market – homes in Seattle were selling on average for 6.3 percent above the list price. Now, they’re going for 0.6 percent below asking.

The actual list price of homes is dropping at a similar rate. In all, sales prices have dropped nearly 7 percent, or $55,000, in Seattle since the spring.

The last time the average home here sold for below list price was during a brief lull at the end of 2014.

It’s important

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What's Going On With The Housing Market?

  • Inventory increases by 22.9 percent throughout Western Washington
  • King County leads inventory gains with 78 percent year-over-year increase.
  • Buyers could choose from 19,526 listings nearly double the inventory from February of this year

KIRKLAND, Washington (October 4, 2018) - Housing inventory continued to improve during September while the pace of sales slowed in many counties served by Northwest Multiple Listing Service. "Balance is finally returning to the market, and with it, slowing home price growth," stated OB Jacobi, president of Windermere Real Estate.

A new report from Northwest MLS shows double-digit increases in inventory in several of the 23 counties it serves, led by a 78

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  1. There are many differences between the housing market in 2005 and the current market. In 2005, subprime loans totaled more than $620 billion and made up 20 percent of the mortgage market. In 2015, they totaled $56 billion and comprised 5 percent of the market.                                                                                                                                          

  2. Banks have raised lending standards. According to CoreLogic’s Housing Credit Index, loans originated in 2016 were among the highest quality originated in the last 15 years. In October 2009, the average FICO score was 686, according to Fair Isaac. In 2001, the average score was 490 to 510.                                                         

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As we have closed the door on 2017, it's time to look ahead at home trends in 2018. Interior designers, experts at Pantone, and researchers for home décor websites have predicted what's hot for the upcoming year and what trends are staying behind. Check out the top ten home trends below to keep your home updated and fresh.

1. Vibrant Colors

While 2017 saw a lot of grey, 2018 is all about a vibrant color palette. This trend can be applied nearly anywhere in your home. Consider a bright sofa or colorful accent pieces. Kitchens and baths are a great place to add color. Watery blues, stimulating greens, and deep reds are the most popular choices for everything from decorative pots to large appliances.

2. Geometric Patterns

This trend can

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 I got an email from Zillow last week. Seems my house has gone up in value another $2,000+ dollars in the past 30 days. And it's going to rise another 3.5% in the next year, according to their Zestimate®. Fab!

Except that it's just speculation. When it comes to Zillow's Zestimates, you have to take the numbers with a grain of salt. Make that a big shake of salt, right over your shoulder. And maybe a stiff drink. And a frank conversation with your real estate agent.

"Shoppers, sellers and buyers routinely quote Zestimates to realty agents - and to one another - as gauges of market value," said the Los Angeles Times. "If a house for sale has a Zestimate of $350,000, a buyer might challenge the sellers' list price of $425,000. Or a…
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We all know that living near a good school increases the value of your home. But who knew a neighboring cemetery can adversely affect your property value? Or that proximity to a hospital isn’t a good thing?

In fact, we now know – or should know – that nothing is more important when selling your home than your neighborhood. So if you’re buying, think ahead; purchase your dream home in the wrong location and you may be buying into a nightmare. Here are some location no-nos:

  • Research has found that living near a cemetery will lower your property value by 12.3% and having a hospital nearby means when you sell you can expect an impact on your sale price of 3.2%. Also note: make sure you move near a “good” school; a “bad” school will reduce your
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