We had a home for which we got a fantastic price. In fact, compared to the comps in the neighborhood it sold for $75-$80 thousand above the other listings! Our clients absolutely loved us. We sold the house in 8 days, and the location and the condition definitely warranted the demand and the interest. We have a system at the Eric Stewart Group.
Our Market Ready Guide provides strategic advice and useful tips to get top dollar for your house when the time comes to sell.
There was an incident these last couple of weeks that we’d like to bring to the attention of our readers involving cyber security. Here's a cautionary tale where, even though you do everything right, sometimes you're still at risk.
I had a house listed on the MLS priced at $600,000 that was not selling. The sellers had vacated the property, and we had lots of traffic through, but nobody was making an offer. My client and I sat down and looked at what had happened. A couple of homes had sold around us that settled, which showed us that the market actually was around $570,000 for the property.
I recently held an open house for a contemporary home at the last minute, posting it online on Sunday morning only two hours before it started. I usually discourage people about open houses because they attract neighbors and suspects more often than prospects. Most open houses are only responsible for 1% of all home sales. That is why I generally preach against them.
Remember the old saying, “the early bird gets the worm”? Well, it’s true in many respects. When it comes to getting tickets for a concert, when you’re first in line, you get the best access to seats, right? If there’s a sale on Black Friday and there’s only a certain number of TVs being sold for a dollar, you can purchase one if you’re the early bird. Taking advantage of this basic economic philosophy in the sale of real estate works the same way it does in retail, or other parts of our lives – it applies to just about anything. The key is to bring your home to the marketplace at a time when the demand is at its greatest and the supply is at its lowest.
Eric Stewart has been invited to speak on October 5th at 12 PM at the Five Star Premier Residences at 8100 Connecticut Avenue in Chevy Chase, MD. He will be coaching seniors on downsizing, or as he calls it “Rightsizing Your Life.”
According to the International Association of Home Staging Professionals, 95% of homes that are staged sell, on average, in 11 days or less versus 90 days for homes that are not staged. Staged homes also sell for 17% more money. Staging makes a living space more attractive, and accentuates the positives and minimizes the negatives of a home. Owners of older properties may think that staging will be too burdensome or cost too much money. However, there are a few cost-effective ways to brighten and modernize an older house while still keeping the home’s history and integrity intact.
When putting your home on the market, you hope for as many showings as possible. The more showings, the more likely you will receive an offer or, in a best-case scenario, multiple offers. In addition, those showings should generate useful feedback regarding the offer price and appeal of the home. To make showings as easy as possible and to elicit feedback from potential buyers, you want to make sure your Realtor is using Centralized Showing Service (CSS), or a company that offers a similar service. What is CSS? Read on to find out.
One of the most common clauses in a residential real estate contract is the home inspection contingency. If included, a home buyer has a specific amount of time (typically 7-10 days after the contract is ratified) to have a licensed professional conduct a home inspection and to either negotiate for repairs or to back out of the contract if they do not like the results of inspection. If a seller knows what to look for, they can resolve many minor items before the home inspection occurs. While some items identified during the inspection might seem like minor issues individually, collectively, they could add up to major headaches, involving both time and money. So, read on to learn how to sellers can best prepare for a home inspection.