Selling Your Home Quickly

Hello Everyone,

Ideally, everyone would love to sell their home right away, however not all cases are the same. Here are some tips to sell your home quickly

Differentiate From the Neighbors
In order to attract attention and to make your home more memorable, consider custom designs or additions, such as landscaping, high-grade windows or a new roof. This can help improve the home’s aesthetics, while potentially adding value to the home. Any improvements should be practical and use colors and designs that will appeal to the widest audience. In addition, they should complement the home and its other amenities, such as building a deck or patio adjacent to an outdoor swimming pool.

However, while it can pay to spice up your home, don’t over-improve it. According to a 2013 article in Realtor Magazine, some renovations, such as adding a bathroom or putting new shingles on a roof, might not always pay. The data suggests that the nationwide average amount recouped for a bathroom remodel is about 58%. For a new roof, it’s even less. If you’re going to invest in home improvements, do your research and be sure to put your money into the things that are likely to get you the best return. In addition, if you have added any custom features that you think buyers will be interested in, make sure they are included in the home’s listing information. More than ever, in a down market you should take every small edge you can get.

Clean the Clutter
It is imperative to remove all clutter from the home before showing it to potential buyers because buyers need to be able to picture themselves in the space. This might include removing some furniture to make rooms look bigger, and putting away family photographs and personal items. You may even want to hire a stager to help you make better use of the space. Staging costs can range from a couple hundred dollars for a basic consultation to several thousand dollars, particularly if you rent modern, neutral furniture for showing your home. Many people feel that stagers can make a home more salable, so hiring one deserves some consideration.

Sweeten the Deal
Another way to make the home and deal more attractive to buyers is to offer things or terms that might sweeten the pot. For example, sellers that offer the buyer a couple of thousand dollars credit toward closing costs, or offer to pay closing costs entirely will in some cases receive more attention from house hunters looking at similar homes. In a down market, buyers are looking for a deal, so do your best to make them feel they’re getting one.

Another tip is to offer a transferable home warranty, which can cost $300 to $400 for a one-year policy and will cover appliances, such as air conditioners and refrigerators, that fail. Depending on the policy, other appliances and house gadgets may be covered as well. A potential buyer may feel more at ease knowing that he or she will be covered against such problems, which could make your home more attractive than a competing home.

Finally, it’s important to note that some buyers are motivated by the option to close in a short amount of time. If it is possible for you to close on the home within 30 to 60 days, this may set your deal apart and get you a contract.

Improve Curb Appeal
Sellers often overlook the importance of their home’s curb appeal. The first thing a buyer sees is a home’s external appearance and the way it fits into the surrounding neighborhood. Try to make certain that the exterior has a fresh coat of paint, and that the bushes and lawn are well manicured. In real estate, appearances mean a lot. What better way to set your home apart than to make it attractive at first glance?

Get Your Home in “Move In” Condition
Aesthetics are important, but it’s also important that doors, appliances and electrical and plumbing fixtures be in compliance with current building codes and in working order. Again, the idea is to have the home in move in condition and to give potential buyers the impression that they will be able to move right in and start enjoying their new home, rather than spending time and money fixing it up.

Pricing It Right
Regardless of how well you renovate and stage your home, it is still important to price the home appropriately. Consult a local real estate agent, read the newspapers and go to online real estate sites to see what comparable homes are going for in your area.

It’s not always imperative to be the lowest priced home on the block, particularly when aesthetic and other significant improvements have been made. However, it is important that the listing price is not out of line with other comparable homes in the market. Try to put yourself in the buyer’s shoes and then determine what a fair price might be. Have friends, neighbors and real estate professionals tour the home and weigh in as well.

The Bottom Line
Selling a home in a down market requires a little extra work. Do everything you can to get the home in excellent shape and be prepared to make some small concessions at closing. These tips, coupled with an attractive price, will increase the odds of getting your home sold.

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Sincerely,

Scott Myers, GRI
Broker-Owner
Century 21 Scott Myers, Realtors
11830 Wurzbach Rd. (The Elms)
San Antonio, Tx. 78230
Phone # 210-479-1222
Fax # 210-479-1981
Toll free Phone # 1-888-868-1222 Scott.Myers@Century21.com
Find us: Web Site | Facebook | Twitter | ReachFactor | Google +
Check out our Blog: Living in San Antonio http://www.century21.com/pressRelease.c21?id=169

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7 Ways to Spice up and Add Value to your Home

While purchasing a house may mostly be about having a place to call “home,” it can also be seen as a lifetime investment. Making a few repairs—and even some cost-effective renovations—can not only skyrocket your home’s value, but can make it a more enjoyable place to live. We tapped into our network of Pro’s to uncover six of the most valuable repairs you can make for the long-term, whether or not you plan to sell in the future.

1. Fix Up the Exterior

As the saying goes, you don’t get a second chance to make a first impression, whether it’s your new neighbor or a future buyer. Repairing any broken doors, damaged screens, and those cracks in your front walk can really make a difference. You might want to consider having your siding pressure washed, your trim repainted, or your landscaping spruced up.

(Credit: EpicStockMedia/Shutterstock)

2. Repair the Roof

Having a roof over your head is a moot point if that roof is in need of repair. A roofing contractor can make quick work of damaged or missing shingles, clogged gutters, and detached flashing. While you’re at it, schedule a chimney cleaning—when’s the last time you had your flue inspected and swept? (Hint: you should have this done once a year.)

(Credit: Ruta Saulyte-Laurinaviciene/Shutterstock)

3. Address Plumbing Issues

If the roof doesn’t leak, neither should the plumbing. Hire a plumber to fix those slow drains, dripping faucets, and poorly-functioning water heater. Keep in mind that you may benefit most from installing a completely new water heater, especially if yours is 10-15 years old.

(Credit: Chalermchai Chamnanyon/Shutterstock)

4. Improve Interior Walls

If you’re looking to eventually sell your home, you want a potential buyer to be able to visualize living in your home. And while you might love your unique color scheme (we don’t judge), you may want to consider painting your walls a more neutral palette. Ask your painter to patch any holes and sand down the walls while they’re at it to get the best effect.

(Credit: Photographee.eu/Shutterstock)

5. Replace the Floors

Do you have scratched or buckling hardwood floors, outdated vinyl tiles from the 70s, or carpet so stained you can’t remember the original color? One of the fastest and easiest ways to reinvigorate your home is to replace the floors. With so many options today—stain-resistant carpet, wood-look vinyl flooring, and eco-friendly bamboo or cork floors—you’re sure to find a floor that you and future owners will love.

(Credit: photobank.ch/Shutterstock)

6. Renovate the Kitchen

You might have heard it before: the kitchen sells the home. This adage is absolutely true, so if you’re looking for a larger renovation, start with the kitchen. New appliances, refaced cabinetry, and stone countertops are a few of the most popular kitchen modifications that will help increase the value of your home.

(Credit: Photographee.eu/Shutterstock)

7. Update the Bathrooms

If your bathrooms look like they belong in the 80s, it’s time for an update. You can go as low- or high-budget as you like, so talk to your contractor about where to spend your renovation budget to get the biggest impact. New fixtures and updated tile could be all it takes to bring your bathroom into the 21st century.

Please give us a call to speak to one of our professionals today!

Cordially,

Scott Myers, GRI
Broker-Owner
Century 21 Scott Myers, Realtors
11830 Wurzbach Rd. (The Elms)
San Antonio, Tx. 78230
Phone # 210-479-1222
Fax # 210-479-1981
Toll free Phone # 1-888-868-1222 Scott.Myers@Century21.com
Find us: Web Site | Facebook | Twitter | ReachFactor | Google +
Check out our Blog: Living in San Antonio http://www.century21.com/pressRelease.c21?id=169

San Antonio Housing Market

Hello Everyone,

It has been a very busy market here in San Antonio for this first quarter and looks like it will continue into the 2nd quarter.

The San Antonio housing market, much like the rest of Texas, is firing on all cylinders.  All you need to do is compare today’s data with information as recent as last quarter to see how well San Antonio is handling the recovery.  Over the course of just four months, year-over-year appreciation rates nearly doubled to 8 percent.  Home values have increased and are now averaging $185,500.

The San Antonio real estate market is receiving strong support from the local economy.  In fact, the job sector has only strengthened since ending last year on a hot note. Since then, the unemployment rate dropped 1.3 percent, and now sits at an encouraging 3.8 percent on the year.  In other words, San Antonio’s unemployment rate is well below the national average and only getting better.  Where things really start to look good is the 1-year job growth rate. Over the last 12 months, the job growth rate topped 3 percent. That means that all the new jobs that are being created are being filled. The job sector is doing very will in maintaining the area’s supply and demand.

San Antonio real estate investing has also seen encouraging signals. According to RealtyTrac, San Antonio has about 1,961 homes that have entered into some form of foreclosure: default, auction or bank owned. As recently as last month, the number of properties that received a foreclosure filing in San Antonio, TX was 50 percent higher than the previous month and 43 percent higher than the same time last year. Those looking to get into San Antonio real estate investing will also take comfort int he fact that those distressed properties are being offered at a median price of $82,000. While that price is up from last year, it still represents a nice savings that can help spreads.

Of those foreclosures that San Antonio real estate investors may be interested in, nearly 80 percent are going to be placed up for auction. The number of today’s auction foreclosures is actually 70.2 percent higher than they were at this time last year. Opportunities are certainly to be had. The remaining 20 percent of foreclosures are bank-owned, representing an 11.4 percent decrease from last year.

Again, San Antonio real estate investing will benefit immensely from the amount of foreclosures on the market. However, that is not to say that there is any sign of a slowdown in the area. San Antonio is one of the hottest markets in the country, and should continue to be so for the foreseeable future.

Please give us a call today to discuss the market and to speak to one of our Realtors.

Sincerely,

Scott Myers, GRI
Broker-Owner
Century 21 Scott Myers, Realtors
11830 Wurzbach Rd. (The Elms)
San Antonio, Tx. 78230
Phone # 210-479-1222
Fax # 210-479-1981
Toll free Phone # 1-888-868-1222 Scott.Myers@Century21.com
Find us: Web Site | Facebook | Twitter | ReachFactor | Google +
Check out our Blog: Living in San Antonio http://www.century21.com/pressRelease.c21?id=169