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Posted by Tina Bilazarian, Broker on 12/12/2019

Real estate market data is readily available to home sellers across the United States. With this information at your disposal, you should have no trouble maximizing the profits from your home sale.

Now, let's take a look at three real estate market data that every home seller needs to check out before listing a residence.

1. Prices of Comparable Houses

Let's face it – determining a competitive price for your house may prove to be difficult, regardless of your home's age or condition. Fortunately, if you analyze the prices of comparable residences in your city or town, you can better understand how your house stacks up against the competition and price it appropriately.

Furthermore, it may be beneficial to conduct a home appraisal prior to listing your house. This appraisal enables a home expert to assess your house both inside and out. Then, you'll receive an appraisal report that contains a property valuation, which may help you determine a competitive price for your house.

2. Prices of Recently Sold Houses

Are you preparing to enter a buyer's or seller's market? Review the prices of recently sold houses in your area, and you can find out whether the current housing market favors buyers or sellers.

If home sellers are receiving offers at or above their initial home asking prices, now may be an ideal time to list your residence. Thus, you may want to add your house to the real estate market sooner rather than later to capitalize on a housing sector that likely favors sellers.

Conversely, if home sellers are receiving offers below their initial home asking prices, you may want to allocate significant time and resources to find ways to improve your house. Because if you enhance your house's exterior and interior, you may be able to help your house stand out from the competition and increase the likelihood of a profitable home sale.

3. Average Amount of Time That a House Is Listed

Check out how long houses stay on the real estate market before they are sold – you'll be glad you did. With this housing market data in hand, you can assess the pulse of the real estate market and map out your home selling journey accordingly.

If you need help collecting or analyzing real estate market data, there is no need to worry. Hire a real estate agent today, and you can gain the insights that you need to make informed decisions throughout the home selling journey.

A real estate agent is a housing market expert who is happy to help you in any way possible. He or she will provide recommendations about how to price your house and improve your home's interior and exterior. Plus, a real estate agent is available to respond to any of your home selling concerns or questions, at any time.

Ready to list your home? Review the aforementioned housing market data, and you can obtain deep insights into the real estate sector prior to selling your house.





Posted by Tina Bilazarian, Broker on 10/24/2019

When you decide to sell your home, there’s a long list of things that you’ll need to do from finding a real estate agent to making repairs around the home. It’s nice to have a to-do list handy to help you figure out what you need to do and when throughout the course of the sale of your home. 


Find Out The Estimated Value Of Your Home


You should do a quick search online to see what your property is valued at. Some websites even have the number of views that your property has gotten over its lifetime on the site. This will give you an idea of how much you might get for the sale of your home as well as how much interest there may be in buying the home to begin with. If you see what your, home has listed in a basic online search, you’ll be able to tell what needs to be updated when the home is actually listed by your realtor.   


Get Things Fixed


If there have been issues in the home, you should work on getting them fixed. You’ll also need to know what has happened in the home over the years in order to put together a proper disclosure. Has the basement flooded? Did you face an electrical fire?  All of these problems need to be listed. You can also disclose what you did to remedy the issues. The buyer has a right to know and understand that they are moving in under good conditions. 


Learn About Potential Real Estate Agents


It’s so important to hire the right agent when you’re selling your home. You are getting a return on your initial investment, so you want it to be a good one! You’ll also want to know that you have someone who will be there to do home showings, process paperwork, and be your advocate throughout the process. You can contact various references that real estate agents provide and ask how they felt about the agent’s work. 


Find Out How Your Home Will Be Marketed


In Today’s technology-based world, there are so many ways that a home can be marketed. This includes the use of websites, social media, open houses, video tours, and photos. Your agent should be well-versed in all of these areas, or be able to hire people who do know how to best use these areas of marketing. Every avenue that is used to get buyers for your home is beneficial to you as a seller.



Understanding the process of how a home is sold can help you to be prepared when you’re ready to sell.





Posted by Tina Bilazarian, Broker on 10/3/2019

The media, especially TV shows, have made renovating a home seem simple. A quick cleaning, splash some paint around and put a flatpack kitchen and you are done. However there is much more to renovating than you can learn by watching an hour-long show in your living room.So, how do you renovate to successfully sell your home for some cold hard cash? Here are some useful tips you can use to maximize your home sale price. 

Do not spend more than the worth of the house.

The last thing you would do is to spend too much money on renovations only to find your home stays longer than necessary on the market because it is overpriced, or worse, the final sale value does not allow you recoup the cost of the repairs.

Your aim should be to look for improvements that add value. That means cosmetic improvements like re-polishing the floorboards and even a splash of fresh paint inside and out. You look for the opportunities to spruce up and replace old cabinetry handles, etc.

This cost-effective touch-up can make your home look polished and new without you having to spend too much on renovation.

Home buyers have their own preferences and personalities.

While taking your time and resources to improve on your property, you need to leave space for the buyers’ personal touches.

However, if your house is really rundown, it could be a smart decision to leave it as is and attract bargain hunters who would want to renovate to their tastes. Alternatively, if your home is almost there, concentrate on the areas that are most likely to catch the buyers’ attention. For instance, a skillfully designed bathroom is always a strong selling point, while incomplete landscaping may not contribute to your bottom line.

Do not compromise quality.

Buyers appreciate the quality and skill involved in building the original home. They are also better informed than even the seller and are likely to shell out for a pre-purchase building inspection. So, prepare to spend more and call in the professionals to give your home a special touch.

A color expert knows precisely what you want in paint shades. So, the best approach for quality upgrades is to invite a licensed professional and do away with those do-it-yourself ways that do not yield reliable positive results. Looking at fittings and fixtures, go for the best quality you can afford, even if it means centralizing replacements in one particular area.

Final Thought

Being choosy about how you renovate your property will give you the more significant sale price you are looking for. Just concentrate your mind on marketable and attractive details buyers can see. This will ensure you recoup more than what you have spent on your renovation efforts. Still have questions about the best renovations for your property? Talk to your real estate agent about what matters to buyers in your area.





Posted by Tina Bilazarian, Broker on 5/23/2019

Although buying your first house can be a little bit frightening, it should not be if you have a clear plan to get the funds you need. Aside from the mortgage process that may be confusing, every other thing is irrelevant because all you want is to ensure that the house is your choice and that it readily fits your needs.

Many of the things that homeowners keep worrying about are not worth the stress. Here are five things that you should not worry about when you buy your first house: 

1. Poorly fitting furniture

You can replace furniture that doesn't fit into your new home or give it away to some charity. You can also resell furniture items still in good condition. However, if you continue to like it, you can decide to keep it and put it in storage. After all, this is just your first house. If it doesn't fit in here, it will work in the next one you buy.

2. Wall paints

You have every right to pick the color of your new home. First-time homeowners, however, are found guilty of expecting things to look a certain way and get disappointed when they are not. If you don't like the paint, you can always change it to your taste. If you love the color, but it looks worn out, you can still have it repainted when you can afford the cost.

3. Decorations are worn out

There's no doubting the fact that some homes may look outdated and worn-out already, but you need to understand that upon acquiring your new home, there will be plenty of time to bring it up to your standard. Sometimes, kitchen and bathroom remodeling are the only areas that’ll cost you some cash. Other times, there’s a lot more to do to bring it up to your style. Check and confirm before buying to know where you will be spending money.

4. Outdated kitchen

The kitchen may not be entirely what you want. What's more important is how you evaluate the house in terms of infrastructure. Take a look at the roof, plumbing, and the electrical systems; make sure they all are in place. If everything looks and works perfectly, then you can prepare for a kitchen remodeling when you can afford it.

5. No children, no problem!

If you do not have children, then you should not worry too much about space, the quality of schools in the area, and the nursery facilities. While you may be tempted to worry about where your future children will go to school and where you can drop them off when you are going to work, the reality is that when children come, you will likely be in another phase of your life, getting ready to move to a larger home perfect for children.

Have a clear set of goals and objectives when buying a home for the first time and discuss them with an experienced, local realtor to help you make the right decisions.




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Posted by Tina Bilazarian, Broker on 5/9/2019

Looking to buy a house in the near future? If your answer is "Yes," you may want to start reviewing housing market data. That way, you can gain the insights that you need to make data-driven decisions throughout the homebuying journey.

Ultimately, there are many housing market data that you'll want to assess as you prepare to buy a house, such as:

1. Mortgage Interest Rates

Mortgage interest rates fluctuate constantly. As such, if mortgage interest rates are low, you may want to move quickly to capitalize on them.

Meeting with banks and credit unions generally is a great idea if you plan to buy a house. These financial institutions can keep you up to date about mortgage interest rates and help you get pre-approved for a mortgage. Then, once you have a mortgage in hand, you'll be ready to pursue your dream house.

2. Average Amount of Time That a House Stays on the Real Estate Market

Differentiating between a buyer's market and a seller's market often can be difficult. Fortunately, if you examine the average amount of time that houses are listed in your city or town, you may be able to determine whether you're preparing to enter a buyer's or seller's market.

In a buyer's market, houses may be listed for many weeks or months before they sell. Also, these houses may be sold below their initial asking prices.

Comparatively, in a seller's market, homes may be available for only days before they sell. Homes that are available in a seller's market may be sold at or above their initial asking prices as well.

3. Prices of Houses in Various Cities and Towns

If you're open to living in a variety of cities or towns, you'll want to evaluate the prices of houses in many areas. That way, you can narrow your house search accordingly.

Oftentimes, homes in big cities are more expensive than those in small towns. On the other hand, big cities may provide quick, easy access to a broad range of attractions and landmarks that you simply won't find in small towns.

If you are ready to check out housing market data and begin a home search, it pays to hire a real estate agent too. In fact, with a real estate agent at your side, you should have no trouble enjoying a quick, seamless homebuying experience.

A real estate agent is happy to provide you with a wealth of housing market data. Plus, a real estate agent will teach you the ins and outs of buying a house. He or she also will keep you up to date about new houses as they become available and negotiate with a seller's agent on your behalf to ensure you can acquire a terrific house at a fair price.

When it comes to buying a house, it helps to be informed. If you assess the aforementioned data, you can obtain comprehensive real estate market insights to help you throughout the homebuying journey.




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