Are you outgrowing your home in 2022?

@pamjhanson (1)Are you outgrowing your home in 2022? Few people end up staying in the first home that they buy forever. (In fact, since the pandemic, 8.9 million relocated). Most people will outgrow their homes as they need more space, look for a new neighborhood, or invest in more valuable property. Are you working from home a lot since 2020? The home may suddenly feel more undersized if you live in smaller rooms and lack an office with storage. Green and White Photographic Blogger Bio-Link Website

Every person goes through changes, that’s life! Families inevitably grow up, bust out of homes, and constantly change in every way imaginable. Individuals and couples often advance in their careers, evolve to different lifestyles, or sometimes feel like their home is no longer appealing.

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When it’s time to find a home as unique as the people who live there, call an experienced and trustworthy REALTOR® to request a CMA (Comparative Market Analysis) on your home and a neighborhood market report. Knowing how your local market moves and what season you can capitalize on to net a more substantial ROI (Return On Investment) is essential for your bank account.

Happy House Hunting,

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REALTOR® Kassie Hanson

@kassie.sellshomes | 701-425-6742 | 114 W Main Ave, Bismarck ND 58501

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Macro Report 12/2021

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Before selecting your listing date consider a more detailed report of your specific neighborhood. Ask your North Dakota REALTOR® Kassie Hanson for your report 701-425-6742

Check out December’s macro city housing market statistics of beautiful Bismarck, North Dakota. What stands out to you most?

Here is my REALTOR® perspective:

Active listings are down -125% for December 2021. Traditionally, active listings slow down during the winter months with frigid temperatures and Holiday Season in full swing. When listing your home from November through January, you will find house-hunting is taken more seriously with limited inventory and less buyer competition. Be prepared that your home might sit longer now than your neighbors did 2-3 months ago. (However, I just helped a condo go under contract within 24 hours three weeks ago with an exceptional cash offer)! The city of Bismarck may be chilly, people may be busy, and the covid era is among us, yet many homes are still selling fast in today’s winter market.

After the CMA is a success, your home-selling checklist is complete, and you’re ready to hit the “GO Button!”; consider requesting data reports from REALTOR® Kassie Hanson about your specific neighborhood that are much more in-depth than this example. Flexible with your listing date? Why not let this information factor in to help you net the most money out of your return investment?

Let’s agree one important factor impacting housing supply and demand is the seasonality of your market. While you might not think the season matters when it comes to a listing date it makes a BIG difference – in some cases up to 10%. For the average listed price in December, that’s a $27,495 price jump. How’s that for a seasonal discount?

Your new home value is ready when you are. Text “CMA” to: 701-425-6742nar quote black cover

Happy Home Selling,

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Next Blog Q|A: “Why is my home not selling fast in our neighborhood?“  PART #2

Q: “Why is my home not selling fast in our neighborhood?”

neighborhood2Q: “Why is my home not selling fast in our neighborhood?”  PART #1

A: Priced Too High

Even if everything in your house is immaculate and located in a desirable neighborhood, you have to understand that a home not priced correctly in the current market stalls the entire transaction. Are you considering making improvements to your home? Consulting with a REALTOR® and doing a CMA (Comparative Market Analysis) before-and-after the renovations is a wise way to ensure you will net the most amount of money with the least amount of problems.

Along with staging, a selling price can “make or break” our first impression on prospects. Real Estate Agents understand the price of a home is often an emotional decision. For example, look at the graphic below.

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Balancing emotion and logic certainly plays an essential role in any decision-making process. (This happens to be one of the most important decisions of our lives as homeowners). Seeing the facts of a CMA report on paper produces more rational decisions about price options. Don’t let your emotions get the best of you! Find a knowledgeable, trustworthy agent to navigate you through these fundamental steps in home selling:

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  1. Find out how much your home is worth (CMA)
  2. Get the home prepped by cleaning, decluttering, and staging
  3. Professional photography
  4. Virtual tours
  5. Market your home
  6. Social Media promoting
  7. Open houses and private tours
  8. Find buyers
  9. Receive purchase offers and negotiate
  10. Open escrow and order title
  11. Schedule an appraisal
  12. Assist you at closing and beyond

 

Intransigent mindsets on home pricing without real estate industry experience may cause you several price reductions, lead to an expired listing, or sit 6+ months. (In other words, refuse to compromise a price with the current market value of our home). “Difficult owners” are going through several REALTORS® because of over-pricing. Keep in mind, all real estate agents must protect themselves from unrealistic expectations before signing a listing agreement contract. After all, a REALTOR® is investing their time and money in your home too.

 

 

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When selling a home, first impressions matter. Your house’s market debut is your first chance to attract a buyer and it’s important to get the pricing right. …Because of the way it’s priced, your home could be severely limited in searches via MLS, and you could miss out on a potential buyer!

 

 

 

 

 

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Your free CMA is ready when you are. Text “CMA” to: 701-425-6742

Happy Home Selling,

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Next Blog Q|A: Why is my home not selling fast in our neighborhood?  PART #2