Posts in Real Estate Industry News (page 2)

Real Estate Industry News

Sizzling Summer Real Estate Selling Tips That Get Fast Home Sales

Sizzling Summer Real Estate Selling Tips That Get Fast Home Sales

Summer time is a great time to sell houses. It seems like lots of people are looking, and with fall just around the corner, many are eager to buy. That puts you at a serious advantage. When it comes to real estate, selling can be a breeze, and we’re here to help you with these tips:

Tip #1: Curb Appeal is King

The first picture anyone sees of the home will likely be the front of it. You’ll want to make sure it looks attractive. The lawn should be mowed, the landscaping should be maintained, and the house itself should be looking its best.

Tip #2: Pay Close Attention to Outdoor Living Areas

Does the home have a great patio, deck, or another outdoor area? Making it shine is a sure way to attract buyers during the summer. Who doesn’t like to fantasize about cooking outside and entertaining in their new home during the summer?

Tip #3: Complete All Essential Repairs

When a home is in disrepair – even if the items are minor – it can scare away potential buyers. Nothing sells a house better than knowing it’s turn-key ready. When new potential owners know they don’t have to do any big projects, they’ll be eager to make an offer.

Tip: #4: Cool Things Down

When people are shopping for homes, they want to know if they warm up well in the winter and cool down well in the summer. You can help to answer half this question by making sure the house is cool and comfortable.

This summer, many people will be shopping for real estate. Selling should be easy, and we can help make it that way.

If you’re looking forward to a profitable summer, we’d love to partner with you in that. Our marketing tools can provide you with everything you need to attract clients and make more sales than ever before. Contact us to learn more.

Now is the Time to Sell - How to Move Forward

Right Now Is the Best Time to Sell – How to Get Your Sellers to Move Forward

The real estate market has been shockingly good to sellers for the past several years, but as with all good things, it won’t last forever. Real estate trends point to a slowdown on the horizon, and sellers on the fence are sure to have regrets if they miss out on what’s left of the current seller’s market. 

Why You Should Get Sellers On-Board Before the Market Cools

While it’s still a seller’s market across most of the country, the shape of the market is changing. Buyers are getting pickier, taking into account how each home stacks-up against competing listings. Homes lacking desirable features or those not competitively priced to compensate for shortfalls are beginning to linger.  Sellers that want to cash-in on the seller’s market momentum of recent years need to move quickly. What real estate trends are driving this change?

-An increase in listings.

Home listings are finally, albeit slowly, increasing. Buyers still outnumber inventory, but this won’t last forever. The earlier sellers list, the less competition they’ll endure.

-A slow-down in home price growth.
Though prices continue to rise, price growth has slowed compared to the furious pace of previous years. 15% of homes listed in January saw price cuts. 

-Demand for homes less than $300k.

Homes below the national median price ($289k) are still in high-demand. You may still see multiple offers in this arena.

-Rising mortgage rates have temporarily stalled.

Instead of rising as predicted in 2018, 2019 30-year fixed-rate mortgage rates have fallen to a 12-month low of 4.37%. This offers opportunities for new buyers, and sellers hoping to make a step-up post-sale.

-Millennials are stepping up to the plate.

5-million Millennials will turn 30 in the next couple of years, entering the market. At the same time, older Millennials may be looking to step-up, offering sellers ample opportunity for a profitable sale. 

Don’t fear change, make the most of evolving real estate trends withthehelpofPropertiesOnlinetoday. 

When Is the Best Time to Sell?

Is There a Best Day and Time to List Your Home? There Is, You Will Be Surprised

You’ve heard the old cliché, “Timing is everything.” However, in real estate, it’s a universally known truth. And real estate selling requires some pretty specific timing to ensure new listings are spot on, center-stage. In fact, listing a home on a specific day of the week – and a particular time of day, can help it sell faster and for more money. What is this magical combination?

It’s Not the Weekend

Listing a home for sale on Saturday may seem like the ideal plan: When potential buyers are off and able to peruse new listings. But post-print, this is no longer the case. Sunday is actually the worst day to list, according to a recent survey from Redfin. (Sorry, old-school Sunday paper aficionados.)

Buyers Like to Plan Ahead

Using a 2017 sample of 100,000 homes and looking for relative advantages, the Redfin study identified Thursday as prime time for listing. Why is real estate selling so grand on such a weird day of the week? Buyers like to look at potential homes on Thursday to plan their weekend shopping.

What About Wednesday?

Listing homes on Wednesday also has advantages, with Wednesday listings raking in an additional $2,023, on average. For maximum exposure, however, many still prefer Thursday, at 5 p.m. to be precise. Why? For maximum exposure, as early Thursday listings could end up on Page 2. New Thursday listings get 5-times as many views on that first (Thurs)day than on subsequent days, with many listing portals providing buyer alerts on new potential homes.

How Big of an Advantage Are We Talkin’?

Homes listed Thursday sold 5 days faster on average, and were more likely to sell within 90-180 days. Thursday listings also allow looky-loos to schedule time for traditional Sunday open houses (for those not relying solely on video tours to make faster, competitive offers).

Timing off? Get the real estate selling tips you need with the help of PropertiesOnline today.

Forbes Says May May be the Best Time to Sell

Forbes Says Statistically May is the Best Time to List a Home

Spring has sprung, and with it, homebuyers come out of the woodwork. A study by ATTOM Data Solutions recently revealed May is statistically the best time to sell a home. How will this affect real estate trends?

At a Premium

Homes listed in May from 2011 to 2017 reaped the largest premiums above market value, at 5.9% above any other month. Though sales in earlier months reap less of a reward, however, those willing to list earlier enjoy less competition.

May sales don’t take the cake, however. The highest premiums are on a single day of the year, June 28th, where market values an average of 9.1% higher. Other top days include February 15th, May 29thand 31st, and June 21st, with premiums between 8.1-9%. Keep timing in mind, however. Homes selling during these times are typically listed prior to sale. 

Timing is Everything 

Though April, May, June, and July are peak listing times for most markets, real estate trends vary from market to market, with some cities bucking the national trend. To ensure a faster selling time and fewer lowball offers and price cutting requests from potential buyers, listing in April is a strong alternative to May. This timing also allows for a May sale and escrow closing in June. If you waited slightly longer, you might make more, but it may also take longer to sell. 

Timing Stats 

Realtor.com statistics show 29 out of the 50 top metros nationwide hold a peak listing date of April. As buyers come out of hibernation in the spring, April listing leading to May sales garner:

> 14% more views.

> 5% less competition, as most buyers wait until still is out to list.

> Sales 6-days faster.

> 6% higher sales price ($17k on average).

Don’t let peak sales times pass you by. Prepare yourself, potential sellers, and buyers to make the most of upcoming real estate trends with the help of Properties Online today.

What’s Changing in Corporate Real Estate in 2019 – The Emerging Trends

What trends will be rippling across the commercial real estate selling sector in 2019?

Commercial Occupants are Thinking ‘Smarter’

As with residential real estate, commercial real estate tenants are turning to smart, tech-enabled designs to help them control costs, boost productivity, and improve occupant experience. Outperforming older buildings, new technologically advanced buildings are meeting the societal need to be a part of the ‘internet of things.’

For example, they’re incorporating systems that support a mobile work style and responding to occupants’s needs such as lighting, temperature, and even inventory supplies via smartphone apps and sensors. Expect entire buildings to soon be built from the internet up as this trend builds and businesses start shopping for better buildings.

Also, look for the owners of older buildings to boost their chances of real estate selling success by remodeling and retrofitting older structures.

Cohabitating and Co-Working

People will continue to look at the workplace as a service, much like a hotel, increasingly embracing the co-working concept. WeWork and similar ventures are setting the standard for such co-working spaces. Today’s users have expectations on what they should offer, including features like plug-and-play desks, collaborative workspaces, community programming, and amenities.

Corporations are on-board as well, looking to co-working for flexibility not seen in traditional leases, and leaning on co-working spaces when they need to contract, expand, or test a market.

More Balanced Design

Shifting from extremely open layout plans and restricted square footage, today’s companies are acknowledging that placing everyone from the CEO to clerical workers in an open-plan space doesn’t always work, sending workers to hermit in conference rooms and closets to find focus and quiet.

Today’s offices are being adjusted to accommodate activity-based workspaces instead and paying closer attention to workplace design as it relates to employee tasks.

Commercial real estate selling confusing? Stay current with the latest trends and tech with the help of Properties Online today.