Real Estate CMA: Comparative Market Analysis
Know the factors that affect market or home value which are different from assessed value, which is often lower than the market value. Martin Group can help you with both numbers. Text or Call at 561-3391-779 to schedule your free consultation.
Home Sellers: Avoid These 7 Costly Mistakes
Whatever your circumstances, the road to the closing table can be riddled with obstacles — from issues with showings and negotiations to inspection surprises. But many of these complications are avoidable.
Ways to Safely Show and Sell Your Home
Follow these key guidelines during in-person showings of homes to protect health & well-being of all.
Top 10 Tips for Selling Your Home
Decide if you are really ready to sell. Here are a few thoughts to consider: Getting your home ready to sell and hiring the right people have costs with time, money, and emotions. Homeowners tend to love their homes. Make sure you’re emotionally ready to let go. Low interest rates are projected to continue to the end of this year. If space or functionality is the issue, sometimes taking out loans for renovations could be a better fit for you than going to a larger house and a bigger mortgage payment. 1 Selling Options If you want to sell your home faster, then the first step is to hire a professional real estate agent or a licensed Realtor®. The ideal person will know the local market and able to provide you with a professional CMA or Comparative Market Analysis of your home with the others in your area. Keep in mind that a Realtor® will help with the entire process, from hiring a professional photographer who will take top-notch photos of your home to negotiating for the best price. Realtors® also write a real estate listing that sells your home. Planning and hosting showings of your home, as well as marketing your property to get it seen by buyers, is included in their services. Another option is to sell your home yourself, known as FSBO or For Sale By Owner. Everything done is up to you, the owner. Contact the Martin Group of Realtors® at 561-339-1779 for your FREE consultation, without any obligation. 2 De-clutter, De-personalize, Clean De-clutter: Take half the stuff out of your closets, then neatly organize what’s left. Rearrange the furniture so your home looks inviting and so buyers can move through your home without bumping into anything. If necessary, put bulky items in storage. A crowded room looks like a small room. De-personalize: Remove all your family photos and memorabilia. You want buyers to see the house as a home for their family, not yours. Remove political and religious items, your children’s artwork (and everything else) from the refrigerator and anything that marks the house as your territory rather than neutral territory. The same goes for any collections such as figurines, sports memorabilia or kids’ toys that can make a buyer think less about the house and more about you. Family photos can be replaced by neutral art or removed entirely – just be sure to remove any nails and repair nail holes where any hanging photos used to be. Clean Everything! Nothing turns off buyers like a dirty house. Hire a company to deep clean if you can’t do it yourself. When your home is on the market, no matter what time of day, it should be clean and neat. Key places to keep clean while your home is on the market include: kitchen countertops, inside kitchen cabinets and appliances, floors and room corners where dust collects, shelves, bathroom countertops and cabinets, toilets, tubs and showers, inside closets, windows, inside and out, walls, baseboards, doors and garage. 3 Make Minor Repairs Focus on quick repairs to address things that could deter potential buyers. Survey the house and you can probably take care of the easy repairs yourself: Fix loose tiles, leaky faucets, paint scuffed areas on walls, fresh coat of paint on outside of front door, tighten door knobs and handles, fix mailboxes, deep clean carpet or replace when there are pet stains, and replace nonworking light bulbs and smoke detectors. Depending on how much time and money you want to spend getting the home ready, you might also need to update fixtures, buy new appliances, install new hardware on the cabinets, and give the interior a fresh coat of Depending on how much time and money you want to spend getting the home ready, you might also want to update fixtures, buy new appliances, install new hardware on the cabinets, and give the interior a fresh coat of light neutral paint color. 4 Refresh Flooring Deep Clean or Replace Carpeting Clean, Buff, or Refinish Hardwood Floors Clean, Buff or Replace Tile 5 Landscape the Front Yard If you want to sell quickly, then it’s essential to make a good first impression. And the first thing a buyer sees is a home’s exterior and how it fits into the surrounding neighborhood. To boost your home’s curb appeal: Paint the front door, plant colorful blooming flowers, sweep away spiderwebs and debris from windows, eaves, and porches.Wash the windows inside and outside, fix broken light fixtures and mailboxes. Make sure the trees, shrubs, and lawn are kept nicely trimmed. Plus get patios, sidewalks, porch ceilings, driveways and house pressure-washed, if needed. Keep in mind that a tidy exterior not only looks nice, but also signals to potential buyers that you’ve taken good care of the place. 6 Offer Buyers Some Extras Another way to make the home purchase more attractive to a buyer is to offer something to sweeten the deal. You could offer, for example, to pay some or all of the closing costs. Buyers are looking for a deal, especially since the price of sold homes have increased in the 2022 market. Another tip is to offer a transferable home warranty, which provides discounted repair and replacement services for household appliances and systems. A potential buyer may feel more at ease knowing that the home is protected, which could make your home more attractive than a competing home. Do your best to make the buyers feel that they are getting something extra with your home that other listings do not have. 7 Determine Best Selling Price Price it right to sell quickly! One of the most effective ways to sell your home fast is to price it competitively. And be ready to lower the price if you don’t have any offers by a certain date. If your home is overpriced, it will take a lot longer to sell plus you probably will end up selling it for much less. 8 Professional Photos Home staging is basically
Is the Real Estate Market Going to Crash?
At the beginning of the pandemic, fears of an economic recession and an ensuing mortgage meltdown were top of mind for homeowners all across the country. For many buyers and sellers, the two seemed to go hand in hand, just as they did in the 2008 economic crisis. This time around, because of lessons learned in 2008, banks are better funded, homeowners are holding more accrued equity, and, crucially, much of the economic activity is focused on financial factors outside the housing market.
Is Now a Good Time to Buy or Sell Real Estate in South Florida?
Spring through summer is one of the busiest times of the year for real estate. Economists at expect a rebound in July, August, and September, as fears about the pandemic subside and buyers return to the market with pent-up demand from a lost spring season.
New Year New Home? Set Home Ownership Goals
A New Year… the time is right to make some new home ownership resolutions. We have some goals and tips for both Home Buyers and Home Sellers to improve your lifestyle, as well as your home.
Can I Buy or Sell a Home Without a Real Estate Agent?
We all like to save money. Forgoing professional representation may not always be in your best interest. Find out whether the benefits outweigh the risks and considerable time and effort of selling or buying a home on your own.
10 Tips to Buy and Sell A Home at the Same Time
What will I do if I sell my home before I can buy the next house? Ten Tips are given in this article to help you when faced with this challenge of buying and selling a home at the same time..