Give your Home a Selling Advantage
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by Joshua Suess
Homeowners are hungry for an advantage - something that can give their home an edge over the competition. These advantages fall into one of two categories: price and condition. But for a great deal of homeowners, prices are already low enough… and that leaves option two.
Compare it to buying a car. If you’re looking at two cars and they both cost $20,000 and one has all the bells and whistles, which one would you buy?
Translation: Before you put your home on the market, make a few simple upgrades. Paint the walls. Plant some petunias. Clear some counter space.
In real estate circles, such changes are called staging. In the same way you might consider detailing your car before you slap a for-sale sign on it, staging your home can generate the additional eye appeal that can lead to results.
Potential home sellers can attempt to stage their own homes or use a professional. Either way, the investment is well worth it. The key is not to get too cute. Home shoppers are looking for potential, not perfection as you define it. Those merlot-colored walls? Cover them with something neutral. The family photos? Save them for your next house.
You need to cut clutter. If a buyer is looking at 10 homes and doesn’t remember your floor plan because they remember the family photos, that’s bad.
Eliminate any indigenous scents; just because you love the smell of fried garlic in your home doesn’t mean potential buyers will agree. Staging is all about presenting your home in the best light. After all, you’re not living in your home. You’re selling it.
Joshua Suess is with the Suess Home Selling Team at Re/Max 702-4640www.suesssellshomes.com
Have we Hit the Bottom? So, has the housing market finally bottomed out? This is a topic where everyone seems to have a different opinion. The media certainly doesn't help clarify the situation and tends to cause more confusion for home buyers and sellers. Let's take a look at the statistics to get an unbiased, factual point of view about our local Santa Clarita real estate market. · $0 - $99,000 has 9.8 months of inventory (buyers' market) · $100,000 - $199,999 has 4.9 months of inventory (sellers' market) · $200,000 - $299,999 has 5.5 months of inventory (sellers' market) · $300,000 - $399,999 has 4.2 months of inventory (sellers' market) · $400,000- $499,999 has 4.4 months of inventory (sellers' market) · $500,000 - $599,999 has 5.2 months of inventory (sellers' market) · $600,000 - $699,999 has 8.5 months of inventory (buyers' market) · $700,000 - $799,999 has 12.8 months of inventory (buyers' market) · $800,000 - $899,999 has 17.7 months of inventory (buyers' market) · $900,000 - $999,999 has 31 months of inventory (buyers' market) · $1,000,000 - $1,499,999 has 28.7 months of inventory (buyers' market) · $1,500,000 - $1,999,999 has 29 months of inventory (buyers' market) · $2,000,000 and above has 12 months of inventory (buyers' market) * Information obtained from Tempo MLS is deemed reliable but not guaranteed.
By Joshua Suess
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A buyers' market is one where there are more sellers than buyers, of course, but specifically it's when there are more than six months of inventory (homes) for sale in the Multiple Listing Service. With that said, here are how many months of inventory the following price ranges have here in Santa Clarita.
Joshua Suess is with the Suess Home Selling Team at Re/Max 702-4640 www.SuessSellsHomes.com.
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Daily Numbers
| New Listings: | 18 |
| Out of the new listings... | REO: 9 |
| Short sale: | 4 |
| Active Listings: | 1564 |
| Avg. Days on Market: | 107 |
| Pending - Daily New: | 19 |
| Pending & Backup Offers-Total: | 937 |
| Avg. Days on Market: | 61 |
| January-Closed to date: | 167 |
| Avg. Days on Market: | 59 |
| February-Closed to date: | 170 |
| Avg. Days on Market: | 61 |
| Closed Escrows - Daily New: | 10 |
| YTD Closed Escrows (2009): | 340 |
| Avg. Days on Market: | 68 |
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