Want to Sell Your Home? The Spring Selling Season May Be Coming Early This Year – by Jay Jenkins

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If you’re considering selling your home in 2014, now is the time to get ready. Not next month, not next week, not tomorrow. Right now.

Why? Because buyers are already on the hunt.

The Internet is the new curb appeal Last month will likely be remembered for polar vortexes, widespread snow, and historic traffic jams. Lost in the shuffle is that while American’s were sitting inside trying to stay warm, they were looking at houses for sale on the Internet. 

Experian Marketing Services released its monthly most visited real estate website rankings earlier this week for web traffic in January. The results are eye popping.

Web traffic to real estate websites was up 25% from December to 364 million visits. Zillow  (NASDAQ: Z  )  led the way with over 57 million visits and Trulia  (NYSE: TRLA  )  limped into second at over 30 million visits.

If you’re considering selling and your home is not yet online, then every day you’re missing out on thousands (or even millions) of potential buyers viewing your home. 

Even more incentive for buyers Spring is coming, and that is certainly driving a lot of the interest in homes currently listed for sale. But there are other factors at play.

Mortgage rates have declined over the past month and are currently trending back toward 4% for traditionally structured, well qualified loans. This is a significant development for buyers, as interest rates are a huge driver of home affordability.

For example, a traditional 30 year, $150,000 mortgage at 4.5% would have a monthly payment of $760. If rates declined to 4.25%, the payment would change to $738.

For borrowers on the edge of qualifying for a mortgage, that $22 per month savings could make the difference between getting a loan approval or not. Over the life of the loan, that 0.25% difference saves the borrower $7,963!

For buyers, the time is now! Buy low and sell high, right? For buyers, the time to buy low is quickly ending, creating a sense of urgency to buy now before prices rise too high or interest rates return to more historically normal levels.

According to CoreLogic and reported by Realtor.org, home prices in 2013 saw the largest percentage increase across the board since 2005, north of 11% as of December. The appreciation was most pronounced in the states that were hit hardest in the real estate collapse: Nevada rose 23.9%, California 19.7%, and Michigan 14% rounding out the top three.

Buyers are ready. Are you? The spring selling season will be in full swing sooner than you think. Rates are low, there is urgency to buy now, and buyers are already coming out of their winter slumber. If you’re planning to sell you home in 2014, you need to be ready now. Don’t miss out on the perfect, well qualified buyer because you waited a moment too long.

 

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Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends Zillow. The Motley Fool owns shares of Zillow. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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USA Housing Markets

Press Release USA Housing Markets….

2013 COLDWELL BANKER REAL ESTATE HOME LISTING REPORT FINDS MALIBU MOST
EXPENSIVE MARKET IN UNITED STATES, CLEVELAND MOST AFFORDABLE

Exhaustive Survey of Nearly 2,000 Markets and 52,000 Listings Shows More Than $2 Million
Difference in Price Between Malibu and Cleveland

MADISON, N.J. (Nov. 6, 2013) – The glitz, glamour and white sandy beaches of Malibu, Calif., have attracted the rich and famous to this premier destination for years. Today, Coldwell Banker Real Estate released its 2013 Home Listing Report (HLR), which ranked Malibu as the most expensive place to live in the United States. According to the annual report, an apples-to-apples comparison of four-bedroom, two-bathroom homes in more than 1,900 real estate markets across the United States, a sample-sized home in the affluent beach community of Malibu lists for $2.15 million, compared to $63,729 in Cleveland, Ohio.

“With its laidback, yet star-studded lifestyle, Malibu is undergoing a transformation from a seasonal destination to a year-round locale,” said Madison Hildebrand, an agent with Coldwell Banker Residential Brokerage in Malibu, star of Bravo’s Million Dollar Listing and regular contributor on E!. “Situated on the Southern California coast with beautiful homes and even more stunning views, you’re not only paying for world class properties, you’re paying for a way of life.”

Cleveland, Ohio, was ranked as the most affordable real estate market in the 2013 Coldwell Banker® Home Listing Report, where an average four-bedroom, two-bathroom home lists for $63,729.

“Cleveland’s friendly, hometown feel draws people of all ages, and in recent years, the community has been revitalized with more young professionals entering the market,” said Ed Dolinsky, president of Coldwell Banker Hunter Realty. “Energized by a growing tech hub that effectively supports nearby renowned hospitals and research institutions, this Midwest city continues to reinvent itself through its diversified business sectors and strong sense of neighborhood communities.”

Key Highlights from the 2013 Coldwell Banker® U.S. Home Listing Report:

“Whether moving for lifestyle or a new job, homebuyers can use the Coldwell Banker® Home Listing Report to compare the average listing prices of similar homes in different parts of the nation,” said Budge Huskey, president and chief executive officer of Coldwell Banker Real Estate LLC. “As the country moves on from the recession, this year’s report identified 20 markets where a four-bedroom, two-bathroom home costs more than $1 million, whereas in eight markets a similar home lists for less than $100,000.”
•The average listing price of a four-bedroom, two-bathroom home in the survey of more than 1,900 markets and 52,000 listings was $301,414.
•California holds 13 of the top 25 spots for the most expensive markets in the U.S.
•All top five of the most expensive markets are in The Golden State, with the two most expensive markets in the country located minutes from Los Angeles—Malibu (No. 1) and Newport Beach (No. 2).
•In contrast, 60 percent (15) of the 25 most affordable markets are in the Midwest.
•New York is the only state that had markets ranked on both the most expensive and most affordable lists.

Top 25 List of America’s Most Expensive / Most Affordable Real Estate Markets:

The top 25 most expensive and most affordable real estate housing markets in the 2013 Coldwell Banker U.S. Home Listing Report includes:

Heather Roberts
Coldwell Banker Real Estate LLC
973.407.5590
Heather.Roberts@coldwellbanker.com

Katy Hendricks
CooperKatz for Coldwell Banker Real Estate LLC
917.595.3057
khendricks@cooperkatz.com

Rank

2013 Most Expensive Markets

Avg. Listing Price

2013 Most Affordable Markets

Avg. Listing Price

1 Malibu, Calif. $2,155,900 Cleveland, Ohio $63,729
2 Newport Beach, Calif. $1,773,824 Garfield Heights, Ohio $66,075
3 Saratoga, Calif. $1,684,261 Flint, Mich. $84,437
4 Los Gatos, Calif. $1,360,497 Saginaw, Mich. $87,181
5 San Francisco, Calif. $1,309,599 Jackson, Miss. $94,155
6 Stone Harbor, NJ $1,301,727 Sioux City, Iowa $97,969
7 Cupertino, Calif. $1,292,400 Jonesboro, Ga. $98,332
8 Orono, Minn. $1,251,873 Moberly, Mo. $99,593
9 Weston, Mass. $1,229,000 Buffalo, NY $101,631
10 Redwood City, Calif. $1,203,357 Kankakee, Ill. $103,187
11 Breckenridge, Colo. $1,177,795 Utica, NY $103,877
12 San Mateo, Calif. $1,132,523 Ashland, Wis. $104,774
13 Great Neck, NY $1,103,364 Hillsdale, Mich. $106,384
14 Pasadena, Calif. $1,092,087 Johnstown, Penn. $107,039
15 Greenwich, Conn. $1,087,300 Arcadia, Fla. $107,691
16 Wellesley, Mass. $1,079,600 McCook, Neb. $107,986
17 Sunnyvale, Calif. $1,077,025 Park Forest, Ill. $109,709
18 Santa Barbara, Calif. $1,061,475 Niagara Falls, NY $109,809
19 Danville, Calif. $1,018,300 Eatonton, Ga. $111,108
20 Kailua, Hawaii $1,004,567 Lehigh Acres, Fla. $111,410
21 Mercer Island, Wash. $999,276 Kansas City, Mo. $113,718
22 Campbell, Calif. $974,212 Dayton, Ohio $115,176
23 Larchmont, NY $972,150 Camden, Ark. $116,072
24 Westport, Conn. $966,582 Akron, Ohio $116,906
25 Newton, Mass. $912,745 Aurora, Mo. $117,013

*A list of the most expensive and affordable markets in each state can be viewed on the Home Listing Report website.

About the 2013 U.S. Home Listing Report (Methodology):
The Coldwell Banker® U.S. Home Listing Report analyzes the average listing price of four-bedroom, two-bathroom real estate properties on coldwellbanker.com between January 2013 and June 2013 for 52,257 listings in 1,997 markets. Coldwell Banker affiliates as well as other franchise brands associated with Realogy Holdings Corp contribute to listings on coldwellbanker.com. Markets without at least 10 four-bedroom, two-bathroom listings on coldwellbanker.com between January 2013 and June 2013 were excluded from the ranking.

About Coldwell Banker®
Since 1906, the Coldwell Banker organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of more than 84,000 sales agents working in approximately 3,000 offices in 51 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Coldwell Banker is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.

Things You Need to Do for Your Home in September!

september

September. The month where summer ends and fall begins…unless you live in San Diego. Then it’s just summer all year. But for most of us as the seasons change so do the things we need to do around our house.

While you may think that it’s a bit early to be considering the coming autumn temperatures, September is actually the perfect month to get a lot of home related items in order as you prepare for a coming change in temperature.

Here is a home checklist of items for you to consider doing this September:

1. Get your chimney and furnace inspected.

This is key for homes that need their heat running efficiently in the winter months. Getting your furnace and chimney checked in September gives you time to have any issues fixed in enough time before the weather turns. I actually learned this lesson personally. I have a chimney, but I don’t have a fireplace so why would I need my chimney inspected? A random chimney company was in the area and gave me a discount to have my chimney inspected and it was a good thing they did. I had damage at the top of my chimney and it hadn’t been cleaned in years which was costing me money as my furnace was having to work twice as hard to heat my home. Take it from me. Get your chimney inspected and cleaned as well as your furnace. Your home (and wallet) will thank you come winter.

2. Plan a weekend to take care of the outdoor furniture.

Whether you have a deck, a patio or just some stuff in the yard, plan out a weekend where you’ll officially put everything away. If you don’t plan on it, you’ll find it’s Thanksgiving and you still have a picnic table in your backyard.

3. Swap out those screen windows for storm windows.

It’s easy just to leave the screen windows up and just forget about it. But if you have storm windows, your home will stay warmer and heat more efficiently with that extra layer of protection from storm windows. Also if you’re in an area that gets snow, you need those storm windows to prevent that winter precipitation from getting inside your window sills and causing rot. It’s a pain in the neck, but worth it in the long run.

4. Check your windows and doors for drafts.

You probably should have done this before summer began, but if you forgot now’s the time to do a check of all your windows and doors to see if there’s air escaping. You’ll want to seal these up before you burn your money away with heat escaping your home. They can be simple to fix in some instances by just adding some weatherstripping around them. If you’ve got a door that leads maybe to an uninsulated room like a garage or mud room that has a draft underneath it, I highly recommend the Twin Draft Guard. Possibly the best $10 I’ve spent at Target.

5. Head over to YankeeCandle.com and order a pumpkin spice candle.

This is a requirement for all homes once October begins.

And there you have it. A few simple things to get your home ready for the cooler months ahead. Now that you’re done, you can head on over to Starbucks for an early fall treat as they have their Pumpkin Spice Latte available early this year to celebrate its 10th anniversary.

For those looking for more to do around the house, head on over to Houzz who has a pretty exhaustive checklist for your home in September.

Easy Ways to Improve Your Chances of Selling Your Home!

houseoutsidesold

Selling a home requires you to pay attention to how a property appears to buyers. Improving curb appeal, keeping the home tidy and making it look fresh and modern can attract more potential buyers and may result in a quick and easy home sale.  There are several tasks homeowners may undertake to prepare their homes for a sale that require them to spend money. For example, making repairs or home improvements, hiring a home inspector to assuage buyer concerns and improving a property’s curb appeal are common among sellers.

However, there are several other low-cost but equally important tasks sellers should take that carry a great deal of importance.

Rid the home of unsightly features or scents

badsmell

Walking into a home that smells odd or foul can quickly turn a buyer the other way.  In some cases, homeowners may be accustomed to the smell of their home and not even realize that it may smell off to outsiders. For example, individuals who have cats may grow used to the odor of their cat’s litter box, and smokers may be oblivious to the scent of cigarettes. Other smells may be less subtle, such as the scent of a dusty basement. It’s important to purge a home of these odors by doing a thorough cleaning. To avoid the overpowering smell of cleaning supplies, use non-odorous products and light soft-scented candles.

In addition, it’s also important to remove unsightly objects or features from view. For example, many homeowners with pets overlook litter boxes, dog beds and chew toys during the showing. On the same topic, pet hair all over the house is also a turnoff.

Owners with chipped paint, old wallpaper or holes and scratches in the walls should also update these features before a showing. The same goes for thoroughly cleaning carpets and countertops to remove stains.

Out with the old, in with the new

Making small purchases to freshen up a home is another cost-effective way to entice more buyers. For example, toss out old bed comforters, place mats, kitchen rugs and hand towels. Replace them with new and brighter additions to spruce up the room. In addition, simple tasks, such as replacing older light bulbs and washing windows, can add more brightness and shine to a room.

The key is to make the home appear as neat and fresh as possible, and adding a few new items can give the property an entirely fresh appearance. For more advice, tweet to us at @Coldwellbanker.

Sales of Homes in Wenatchee is on the rise!!

We are seeing a fantastic rise of sales of homes in the past few months!  Even experiencing homes being listed and pending within just a few short days!  How exciting is that?!

Utilizing internet technology has become one of our greatest accomplishments in listing homes.

Here is a few ways that we bring your home into light using the internet:           

 
 
   

Choosing your real estate professional is perhaps, the most important decision you will make when selling property. The more you look around the more we think you will see why it makes sense to list with us. We don’t sit back and wait for buyers to come to us. We aggressively put your list your property in the places people are looking!

We Aggressively Market Your Property through Mega Listing Sites and Social Media! All brokers are able to post your property in the MLS which is a good start – but only one piece of the pie. The Internet allows potential buyers to look in many places. We not only put your listing in the local MLS, but we also push our listings to the KEY popular real estate mega sites that have show good results for driving traffic and interest to our listings and our site.

We harness the power of the major Mega Listing sites such as Zillow, Trulia, YouTube, Google Videos, Google Maps, Facebook, Twitter, AOL Videos, and more. The bottom line is that we post your listings to the most popular websites on the planet!

 

We look forward to selling your home!