There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the current lack of supply. The survey asked title… Continue reading Why Are So Few Homes for Sale?
The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging.
50% of staged homes saw a 1-10% increase in dollar value offers from buyers.
77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.
The top rooms to stage to attract more buyers are the living room, master bedroom, kitchen, and dining room.
Q: Should I Get An Inspection?
A: Many buyers question the importance of home inspections; however, they can take considerable weight off their shoulders. Explain that homes often have unseen problems with roofs, heating and air, electricity and plumbing. Make sure these things are up to par to prevent costly repair charges down the line.
While big projects like adding a bathroom or a complete kitchen remodel are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.
The American Dream, for many, includes being able to own a home of one’s own. With the economy improving in many areas of the country, that dream can finally become a reality.