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Tag Archives: Home Sellers

3 Reasons All Buyers and Sellers Should Use Listing Alerts

Key takeaways:

  • Listing alerts send new home and condo listings straight to your inbox as soon as they hit the MLS, and they’re the easiest way to keep up with the competitive market.
  • Listing alerts aren’t just useful for buyers—they can also help sellers stay up-to-date on other current and sold properties in their neighborhood or complex.
  • Signing up for listing alerts only takes a minute, and you can always contact us to schedule a tour if you see a property you love!

Why Every Buyer and Seller Should Sign Up for Listing Alerts

Today’s real estate market is more fast-paced than ever—in fact, it’s not uncommon for a place to sell above asking price not long after it’s listed. So if you’re serious about buying, you need a to-the-minute resource to help you stay ahead of the competition.

This is where listing alerts come in handy. Just use our fully customizable filters to narrow down your search, and you’ll receive an email right when a condo or house matching your criteria hits the market. And if you’re thinking about selling, you can also use listing alerts to scope out the competition in your area.

Want to learn even more about the benefits of signing up for listing alerts? Here are three additional perks that every buyer and seller should know about. Continue reading

What to Expect in the 2022 Real Estate Market

Key Takeaways:

  • Many of the dynamics seen in 2021 will carry through into next year’s housing market, but at a much less frenzied pace.
  • As remote work becomes a more permanent, widespread option, Millennials are taking advantage and entering the real estate market.
  • We’re ready for another seller’s market. Like last year, there isn’t time to waste—contact us to start planning now!

What Buyers and Sellers Need to Know About the 2022 Housing Market

In the final few weeks of 2021, both home buyers and sellers look forward to what lies ahead in 2022. We can help build your strategy to stay competitive! Don’t wait for the real estate market to heat up during the spring and summer. Here’s what you need to know to get ahead of the competition next year.

First-time home buyers can overcome the challenging market

First time home buyers celebrating

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Are Renovations Worth Risking Your Top-Dollar Home Sale?

Key Takeaways:

  • As a seller, you have to consider which home renovations are worth spending the additional time and money on before you list.
  • The local market is starting to shift towards buyers, so now is the time to sell your home before prices flatten out.
  • Lean on our expertise to determine which projects will increase your return on investment—we have the seller resources you need to enhance your home sale.

Does Your Home’s Right Buyer Want a Move-in Ready Home?

Many sellers are wondering whether they should sell their homes as-is (without any improvements) or delay listing their properties to complete some renovations. With the upcoming market shift, it’s important for sellers to consider which improvements are worth spending additional time on before listing. And while there is no surefire answer, we always recommend relying on your listing agent’s expertise to navigate the home-selling process.

Your listing agent should have insight into the right buyers for your particular home, so consult with them to ensure your property is catering to its target market. According to Rocket Mortgage, the average price of a move-in ready property is $250,495, compared to the discounted $199,819 price tag of the average fixer-upper. So if you’re a homeowner wondering if renovations will attract more buyers, the answer is that it really depends on how much time and effort you want to put in. And while we can’t predict what every buyer’s preference will be, we do have some strategies to determine if certain projects are worth the selling delay.

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How to Choose a Seasoned Agent for Your Home Sale

Key Takeaways:

  • Selling your home is a chance to maximize your equity, so you owe it to yourself to find the perfect listing agent.
  • Searching for a listing agent is just as important as your home search, so make sure to meet with at least three candidates before making a decision.
  • We’re telling you the must-ask questions to track down a listing agent—and now, you can put our team to the test when you list your home with us!

Home Sellers, Don’t Settle For Second Best

Many sellers are under the impression that any listing agent can sell their home instantly for the best possible price—but that’s simply not the case. Did you know that 77% of home sellers only contact one agent before listing their home? When it comes to trusting someone with your biggest investment, it’s crucial to do plenty of research to find the right fit. And you should never settle for second, which is why we recommend meeting with at least three agents before making your decision. We’ve outlined some must-ask questions to help you track down the perfect listing agent!

What’s your marketing plan?

tripod set up for property pictures

The best way to sell your home is to expose it to as many prospective buyers as possible, which requires a strategic marketing plan. Ask potential agents about their specific marketing tactics, and you can even have them provide examples from past clients. Just listing your home online and scheduling an open house shouldn’t be the extent of an agent’s marketing plan. As agents who have crafted masterful marketing plans ourselves, we have the data to target your home’s most likely buyers—and even more importantly, we know exactly how to reach them.

How long have you been working in real estate in my area?

realtor walking outside

Almost every agent can boast “decades of combined experience” when it comes to their team’s time working in the real estate industry—but what about selling homes in your specific area? Real estate isn’t the same everywhere, which is why you should choose an agent who is local to your area. This way, you can be confident knowing that your home will be competitively listed in comparison to other properties in the area. And if your agent happens to also work with buyers in the area, then they may be able to direct them to your listing!

How many active clients do you work with at one time?

realtor and client meeting

One of the most important things to analyze about your potential agent is their availability. When asking about an agent’s active clients, you want their answer to fall within a sweet spot range—not having many clients can be a red flag, while trying to sell too many properties at once may mean they can’t provide the personalized experience that you deserve. Working with around 10 to 15 clients at once is pretty standard and should still allow for plenty of one-on-one time between you and your potential agent.

Tell me more about your pricing strategies

discussing home pricing strategies

As a seller, you want to choose an agent who can deliver a top-dollar home sale. A seasoned agent can determine the value of your home in a snap—during your first meeting, go ahead and give them details about your property and ask them for a competitive list price. By doing this, you’ll be able to gauge the agent’s pricing expertise on the spot and ensure they give you a realistic amount. A qualified agent will take into consideration other recently sold homes in the area and ask about any renovations you’ve completed.

And finally…what’s your specialty?

realtors reading property blueprint

While many listing agents have ample experience across the board, many also specialize in certain types of real estate. Whether it be new construction or luxury properties, it’s crucial to see whether an agent’s specific skill set aligns with the features of your home. And don’t be shy about requesting a sold portfolio—this way, you can see if any of the agent’s sold listings are similar to your property.

Use Our Local Expertise—List Your Home With Us

When it comes to selling your home, choosing the right agent matters more than you think. If you want to work with professionals who know the local market better than anyone else, then you should contact one of our listing agents. We have a wealth of cutting-edge seller resources, in addition to our unparalleled passion for earning our clients top dollar on their home sales. We’ve clued you in on all the tough questions to ask, and we’re more than ready to share our expertise with you! Contact us today at 734-761-3060 or info@bouma.com!

5 Questions Sellers Keep Asking About 2021’s Hot Real Estate Market

Key Takeaways:

  • Today’s real estate market is heavily skewed towards sellers, making now the perfect time to list your home.
  • Many would-be sellers have questions about moving when the market is this hot—and we have the answers you need to get started.
  • If you’re considering selling your home soon, it’s crucial to work with a top local agent. Give us a call to see what we bring to the table!

The Top 5 Questions Every Seller Asks in Today’s Market

Whether you’re eager to list or are just thinking about selling, you’ve probably heard that the 2021 real estate market is one for the record books. Since last year’s swift economic recovery, home values just keep getting higher, and it’s not uncommon for listings to sell over asking price in just a few days. And according to the National Association of Realtors, the typical home is now selling for 14.1% more than last year.

Have a few reservations about listing your home right now? Here are the answers to some of the most common questions we hear from our sellers. Continue reading

Why You Shouldn’t Use Automatic Home Estimators to Price Your Home

Key Takeaways:

  • Automatic home estimator tools are popular amongst homeowners and sellers, but they aren’t always the most reliable.
  • In some instances, these estimators can be off by thousands of dollars due to inaccurate data.
  • If you’re looking for a better way to determine your home’s market value, give us a call at 734-761-3060 to get started!

Exposing the Inaccuracies of Automatic Home Estimators

If you own a home, you’ve probably wondered how much its value has increased since you first moved in. And while using an online estimator might seem convenient, you could end up with some pretty inaccurate numbers—and that’s bad news for sellers in today’s competitive market.

Want to make the most of your equity and find out how much your home is really worth? Here’s why working with a local real estate agent will always be better than trusting an “automatic” estimate.

Most estimators rely on user-reported data or algorithms

Home value on a laptop

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3 Reasons You Shouldn’t Use Zillow to Search for a Home

Key takeaways:

  • For years, Zillow has been one of the most popular real estate sites for buyers, sellers, and daydreamers—but it might not be the most reliable option for serious house hunters.
  • If you want to shop the hottest deals and see homes before they hit the market, it’s better to work with a local agent.
  • Need help finding the perfect home? Reach out to us today to get a head start on your search!

Why Zillow Isn’t the Best Option for Serious Homebuyers

We’ve all probably spent more time than we care to admit scrolling through listings on Zillow. While this popular real estate website might be good for daydreaming, it’s not always the best resource for buyers who are searching seriously for a home. In fact, according to a report by the Washington Post, some of Zillow’s “listings” aren’t actually on the market at all, and they could potentially contain inaccurate information.

Looking to stay ahead of the competition in today’s fast-paced market? Here’s why you should work with a local agent instead…and maybe even avoid Zillow altogether.

Zillow’s information is often inaccurate

Searching for a home on a tablet

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Why You Shouldn’t Wait Until Spring to Sell Your Home

Key Takeaways:

  • After a turbulent 2020, many homeowners are holding out until spring to list their properties.
  • Though spring is usually the busiest season for real estate, now is the time to take advantage of high prices, low interest rates, and skyrocketing demand for homes.
  • Not sure when to list? Get in touch with us today to explore your options!

Here’s Why Sellers Should Capitalize on 2021’s Hot Winter Housing Market

It’s safe to say that 2020 was a challenging year, both in real estate and for the world as a whole. And as we celebrate new beginnings, many homeowners are pondering a move at some point during 2021. Traditionally, spring is considered the best time of year to sell a home—but thanks to a number of factors, this is no longer the case.

Still not sure if now is the right time to move? Here’s why you shouldn’t wait any longer to put your home on the market.

You won’t have much competition

Modern for sale sign

If you haven’t seen as many “For Sale” signs in your neighborhood recently, you’re not alone. According to the National Association of Realtors, available inventory has plummeted by nearly 40% over the last few months, which is fantastic news for today’s sellers. Continue reading

The 5 Biggest Mistakes to Avoid When Selling Your Home

If you’re gearing up to sell your home, you’ve probably read tons of articles all about what you should be doing…but what about what you shouldn’t be doing? After all, selling your home is a huge financial decision, and a misstep could mean losing out on your hard-earned profit.

Don’t let something as easy to fix as not staging or pricing incorrectly throw off the success of your sale! Here are the top five mistakes to avoid when selling your home.

Setting an Unrealistic Price

A man looking at his laptop.

It might come as a surprise, but pricing a home is tricky. Not only do you have to take into account what homes around yours have recently sold for (or, in other words, what buyers are willing to pay), but you also need to know how to value any updates and improvements you’ve made. Plus, you want your home to be priced so that it pops up in as many online searches as possible. When it comes to finding that magic number, sellers’ emotions often cloud the ability to accurately price a home. Continue reading

The Holidays Aren’t Stopping Home Buyers This Year

The Holidays Aren’t Stopping Homebuyers This Year | MyKCM

Black Friday and Cyber Monday are behind us, yet finding the perfect holiday gifts for friends and family is certainly still top of mind for many right now. This year, there’s another type of buyer that’s very active this holiday season – the home buyer.

Each month, ShowingTime releases their Showing Index which tracks the average number of appointments received on active U.S. house listings. The most recent index notes:

“The Showing Index reported a 60.9 percent jump in nationwide showing traffic year over year in October, the sixth consecutive month to see an increase over last year.”

Here’s the breakdown of the latest activity by region of the country compared to this time last year:

  • The Northeast increased by 65.5%
  • The West increased by 64.7%
  • The Midwest increased by 55.7%
  • The South increased by 54.7%

Why is the traffic so active?

The health crisis definitely put home buying plans on pause for many earlier this year. Buyers, however, are in the market and making moves well past the typical busy home buying seasons of spring and summer.

One of the main reasons buyer traffic has continued to soar in the second half of 2020 is how dramatically mortgage rates have fallen. According to Freddie Mac, the average mortgage rate last December was 3.72%. Today, the rate is a full percentage point lower.

Bottom Line

There are first-time, move-up, and move-down buyers actively looking for the home of their dreams this winter. If you’re thinking of selling your house in 2021, you don’t need to wait until the spring to do it. Your potential buyer is very likely searching for a home in your neighborhood right now. Give us a call today at 734-761-3060 to talk about your home buying or selling options!