Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

 

 

April 20, 2023

Unlocking the Secret to Pricing Your Home Right: Top Tips from a Realtor Broker Owner!

 

If you're planning to sell your home, pricing it correctly is one of the most important decisions you'll make. A price that's too high could scare off potential buyers, while a price that's too low could mean you miss out on maximizing your profits. So how do you determine the right price for your home? As a seasoned realtor, I've helped numerous clients price their homes to sell quickly and for the best possible price. In this post, I'll be sharing my top tips for pricing your home right, based on my years of experience in the industry.

  1. Analyze local market trends

One of the first steps in pricing your home correctly is to analyze local market trends. Look at the sale prices of similar homes in your area that have sold recently. This will give you a good idea of what buyers are willing to pay for homes like yours. Additionally, pay attention to market trends such as buyer demand, inventory levels, and interest rates, as these can all impact the price buyers are willing to pay.

  1. Set the right price range

Once you've analyzed local market trends, set a price range that's appropriate for your home. This range should take into account the sale prices of similar homes in your area, as well as any unique features or upgrades your home may have that could increase its value. It's important to remember that while you want to set a price that's competitive, you also don't want to leave money on the table.

  1. Showcase your home's unique features

When pricing your home, be sure to take into account any unique features or upgrades that could increase its value. For example, if you have a recently renovated kitchen or bathroom, or a backyard oasis, these features can help your home stand out from the competition and justify a higher price. Be sure to highlight these features in your listing and during showings.

  1. Don't forget about the condition of your home

The condition of your home can also impact its value. If your home is in good condition and move-in ready, it may justify a higher price. On the other hand, if your home is in need of repairs or updates, you may need to lower your price to reflect the work that needs to be done.

  1. Get input from a real estate professional

Finally, it's always a good idea to get input from a real estate professional when pricing your home. A realtor can provide an objective opinion on your home's value and help you set a price that's competitive and reflective of the current market. Additionally, a realtor can help you navigate negotiations with potential buyers and ensure you get the best possible price for your home.

In conclusion, pricing your home correctly is crucial when it comes to selling it quickly and for the best possible price. By analyzing local market trends, setting the right price range, showcasing your home's unique features, considering its condition, and getting input from a real estate professional, you can ensure you're pricing your home right and maximizing your profits.

To get your home price point click here

 

Selling Secrets Book

 

In this book, I break down what affluent home sellers do differently. I reveal their strategies, secrets, tips, and much more to help you sell your home.

You can get a copy of this book absolutely free. Why am I giving it away for free? Because I know the strategies revealed in my book have the potential to make you enough extra money to send your kid to college, buy a new car, or do a nice remodel on your next home.

What are you waiting for? Click here to claim your free copy of my book now... 

Posted in Real Estate 101
April 5, 2023

Navigating the Probate Process: A Guide for Petitioners Selling a Home

 

 

As a realtor, I understand that selling a home under probate can be a complex process that requires careful attention to legal and administrative details. When a homeowner passes away and leaves behind a will or trust, the process of administering their estate and distributing their assets is known as probate. If the deceased person owned a home, it may need to be sold as part of the probate process.

Probate sales can be challenging for a variety of reasons, including emotional attachments to the property, legal and financial requirements, and potential conflicts between heirs. However, with the right approach and guidance, selling a home under probate can be a smooth and successful process.

Here are some key steps that a probate petitioner should take when selling a home:

 

  • Get legal advice: The first step in selling a home under probate is to seek legal advice from an experienced probate attorney. The attorney can guide the petitioner through the legal requirements, including obtaining court approval for the sale and ensuring that all necessary notices and disclosures are provided to potential buyers.


 

  • Hire a real estate agent: Once the legal process is underway, the petitioner should consider hiring a real estate agent who has experience in probate sales. An experienced agent can provide valuable guidance and support throughout the sales process, from pricing the property to negotiating with potential buyers.


 

  • Prepare the property for sale: Before putting the property on the market, it may be necessary to make repairs or renovations to ensure that it is in good condition. The petitioner should also clean and declutter the property to make it more attractive to potential buyers.


 

  • Determine the listing price: The petitioner and their real estate agent should work together to determine the appropriate listing price for the property. This can involve analyzing comparable sales in the area, as well as considering the condition and unique features of the property.


 

  • Market the property: Once the property is listed for sale, the real estate agent will market it to potential buyers through online listings, open houses, and other marketing channels.


 

  • Negotiate with buyers: As offers come in, the petitioner and their real estate agent will negotiate with potential buyers to reach a mutually acceptable agreement on the sale price and terms of the sale.


 

  • Obtain court approval: Before the sale can be finalized, the petitioner will need to obtain court approval for the sale. This may involve submitting a report on the proposed sale to the court and obtaining a court hearing to approve the sale.


 

  • Close the sale: Once court approval is obtained, the sale can proceed to closing. The petitioner will need to sign legal documents to transfer ownership of the property to the buyer, and the proceeds of the sale will be distributed according to the terms of the will or trust.


 

Selling a home under probate can be a complex and emotional process, but with the right approach and guidance, it can be done successfully. By working with a knowledgeable probate attorney and experienced real estate agent, a probate petitioner can navigate the legal and administrative requirements and achieve a successful sale of the property.

 

For more info download a FREE copy of "Navigating a Probate Home Sale" click here

 

Posted in Real Estate 101
April 4, 2023

April 2023 Market Update

SPRING IS FINALLY HERE! Here's the latest real estate market update for the onset of Spring in 2023!

 

 

Posted in Market Updates
March 14, 2023

So You're Ready to Buy a House...Now what?

Buying a home can be one of the most exciting and rewarding experiences of your life. However, it can also be a complicated and stressful process if you're not prepared. Here are some home buying tips to help make the process smoother and more enjoyable:

  • Get pre-approved for a mortgage: Before you start looking at homes, it's important to know how much you can afford. Getting pre-approved for a mortgage will give you a clear idea of your budget and make it easier to narrow down your search.


 

  • Work with a real estate agent: A good real estate agent can help you find the perfect home and negotiate the best deal for you. They can also guide you through the home buying process and answer any questions you have along the way.


 

  • Look beyond the aesthetics: When you're touring a home, it's easy to get caught up in the aesthetics and overlook potential problems. Look beyond the paint colors and decor to evaluate the home's structure, mechanical systems, and other important features.


 

  • Consider the neighborhood: The neighborhood you choose can have a big impact on your daily life. Consider factors such as schools, commute times, and access to amenities when deciding where to buy.


 

  • Don't rush into a decision: Buying a home is a big investment, so it's important to take your time and make an informed decision. Don't feel pressured to make an offer or close a deal before you're ready.


 

  • Get a home inspection: A home inspection can uncover hidden problems that could be costly to repair. Make sure to include a home inspection contingency in your purchase offer so you have the option to back out if significant issues are discovered.


 

  • Have a plan for closing costs: Closing costs can add up quickly and catch some homebuyers off guard. Make sure to have a plan for how you'll pay for these expenses, such as setting aside funds in advance or negotiating with the seller to cover some of the costs.


By following these home buying tips, you can make the process smoother, more enjoyable, and ultimately find the home of your dreams.

 

Home Buying Guide

Inside my book, you’ll find a helpful guide to the buying process, with strategies and advice to make your transaction as seamless as possible. You’ll learn how to determine your wants vs. needs in a new home, how to negotiate a great deal, what to look for in a home loan, and much more. These strategies have helped thousands of people save money on their home purchases, and they provide just a small picture of what I can do for you as your real estate agent.

 

You can get a copy of this book absolutely free. Why am I giving it away for free? Because I know the strategies revealed in my book have the potential to save you a substantial amount of money on your next home purchase.

What are you waiting for? Click Here to claim your free copy of my book now...

 

 

Posted in Real Estate 101
March 14, 2023

What is a Comparative Market Analysis (CMA)?

 

 

 

 

 

As a realtor, one of the most important tasks is to help clients understand the value of their property in the current market. This is where a Comparative Market Analysis (CMA) comes into play. A CMA is a report that compares a property to similar properties in the area to determine its fair market value. Let's dive deeper into what a CMA is and why it's important.

 

What is a Comparative Market Analysis?

 

A CMA is a report that provides information on comparable properties in the same geographic area that have recently sold, are currently on the market, or were listed but did not sell. The report typically includes details such as the property's size, age, location, number of bedrooms, and other relevant features. A realtor uses this information to estimate the value of the subject property.

Why is a Comparative Market Analysis important?

 

A CMA is important for several reasons:

 

  • It helps sellers set a realistic price: The CMA provides the seller with a detailed analysis of the current market conditions and helps them understand how their property compares to others in the area. This information helps the seller set a realistic price that will attract buyers and sell their property in a timely manner.

 

  • It helps buyers make informed decisions: Buyers can use the information from a CMA to determine whether a property is priced fairly based on the current market conditions. This information can also be used to negotiate the purchase price.

 

  • It helps realtors market the property: A CMA provides realtors with valuable information about the property and the local market, which they can use to create effective marketing strategies that attract potential buyers.

 

  • It helps appraisers determine the property's value: When a property is being appraised for a mortgage, the appraiser will often refer to the CMA to determine the property's value.

 

In conclusion, a Comparative Market Analysis is a valuable tool for realtors, buyers, and sellers alike. It provides an accurate estimate of a property's value based on current market conditions, which is essential when buying or selling a property. As a realtor, it's important to explain the benefits of a CMA to your clients and to use this tool to help them make informed decisions about their real estate investments.

 

To find out more about how much your home is worth click here

 

 

Selling Secrets Book

 

In this book, I break down what affluent home sellers do differently. I reveal their strategies, secrets, tips, and much more to help you sell your home.

You can get a copy of this book absolutely free. Why am I giving it away for free? Because I know the strategies revealed in my book have the potential to make you enough extra money to send your kid to college, buy a new car, or do a nice remodel on your next home.

What are you waiting for? Click here to claim your free copy of my book now... 

Posted in Real Estate 101
Jan. 27, 2023

Credit Score Risks

 

6 Factors That Could Damage Your Credit Score

 

Having good credit is essential for a number of aspects of your life, ranging from

the interest rate on a car loan or credit card to background checks for

employment. Poor credit can be incredibly expensive, costing you thousands of

dollars in higher interest rates over the course of a home loan. Fortunately, with

proper care and attention paid to your finances, it is possible to maintain a good

credit rating.

 

Here are six factors that could damage your credit score:

 

1. Not paying your bills on time - Bills not paid within 30 days can be reported to

the credit bureaus.

 

2. Utilizing all of your available credit on credit cards - It is important to not max

out your credit cards without a plan to pay them off.

 

3. Not having a diverse mix of credit - Having different types of credit, such as

car loans and revolving credit, could help improve your score.

 

4. Applying for too much credit - Multiple applications for credit cards in a short

period of time can be a bad sign.

 

5. Not using credit at all - You must show that you can responsibly use and

manage credit in order to maintain a good score.

 

6. Closing credit cards - Keeping long-term accounts open is important, as

closing them removes the positive history from your report.

 

Good credit is especially essential when searching for a new home or home loan.

Having a good credit score can make the difference between having your loan

accepted and being declined. Poor credit is preventable if you pay attention to the

above mentioned criteria, so be sure to stay on top of your finances to ensure

success.

Posted in Mortgage Tips
Nov. 14, 2022

Creating Generational Wealth

 

 

 

Posted in Market Updates
Oct. 6, 2022

Market Conditions October 6, 2022

Here is our Broker/Owner, Annmarie Triolo's latest video on our market conditions.

 

 

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates