Love It or List It?

Love it or List It?

Do you ever find yourself going back and forth about whether or not to sell your home?  As you think it through , here’s some factors to consider, including the current state of the real estate market as well as your lifestyle and financial situation…

 

Ever since the housing crash in 2007-2009, we’ve now had years of housing recovery.  So much recovery that we are experiencing a shortage of inventory for homes in today’s real estate market.  Fortunately for you, it’s a seller’s market right now.

5 signs it’s time to sell your home

 

  1. You’re running out of living space.

Maybe your kids are outgrowing their rooms (literally) or you’re thinking about adding to your family.  Or are you frustrated because you don’t have enough room for guests to sleep?  These are some signs that it’s about that time.

 

  1. You’re not emotionally attached to your home anymore.

In order to sell, you need to be able to view your house as a “product” and ask your Realtor what must you do to make the house show in its best light?

 

  1. You can afford it.

This is important – review all the costs related to selling and moving to the next home.

 

  1. Your equity is looking good about now.

Ever since the housing market crashed, homeowners have been skeptical about putting their home on the market to sell.  Thankfully, real estate has come back full force, and increasing numbers of homeowners are getting positive equity back.  Now is the perfect time to see where your equity stands.

 

  1. You are ready to make your decision.

Making the decision to sell your home can be difficult, but you don’t have to do it alone.  By partnering with a trustworthy real estate professional, you can get expert advice that will make the selling process smooth.

 

SO, THE CHOICE IS YOURS. 

ARE YOU READY TO LIST YOUR HOME? 

WE’D LOVE TO HEAR FROM YOU!  660-263-3393

For One of Your Biggest Financial Investments – We Are Here to Help

We are rounding the corner with SPRING to soon be here, I am optimistic!  This year Advantage Real Estate will celebrate 20 years in the business in the Moberly, MO area.  What brings the most joy to my heart is helping each of our families get through one of the biggest financial investments of their lives.  Many times when people contact me for the first time, they say, “I’m not sure what to do.” Let me assure you this is perfectly normal because most people simply don’t sell or buy enough homes in a lifetime to know what they need to do, much less be considered an expert.

Sellers need help figuring out what needs to be repaired or updated and many times they don’t know who to call for a handyman, painter, plumber, electrician, deck repair, etc. They are curious about what their home is worth. They don’t know how it works with timing the sale of their current home and then finding the next home. With over 1000 homes sold in my career, we’ll will be with you every step of the way. From getting home repairs done, to providing advice on home staging as well as professional photography, and then advertising the home to the general public and to the real estate community. After that we move to contract signing, home inspections, appraisals, final underwriting, hiring movers. The list goes on and on, but my professional team will be there to answer all of your questions and to insure your success.

Buyers need help understanding how to get pre-approved for a loan. They want to know the elements of the home buying process and what order those need to come in. They know they can search for homes online, but question whether there are other homes available that they’re not seeing (the answer is YES). They want to know how the home inspections and appraisal works and they want a seamless, and dare I say, enjoyable home buying experience. At the close of a sale, I never get tired of hearing our clients say, “That was the smoothest real estate transaction we’ve ever had.”

I invite you to call Advantage Real Estate and see for yourself if we are the real estate group to help you and your family. We will never ask you to sign any contracts up front. We simply want the opportunity to sit down in a relaxed environment and answer your questions, then share some options that might be available for your specific situation. If, after that first consultation, you choose not to move forward, then you owe us nothing and we can part as friends. If you do choose to work with us, then we can discuss the next steps at that time. We’ve found this to be an extremely professional approach and one that our clients seem to appreciate.

Looking forward to hearing from you when the time is right!

Something Old, Something New – How to Decide on New or Existing Construction

Thinking about a new home but not sure whether you want new or existing construction? The best place to start on these kinds of big decisions is a pros and cons list:

New Construction

  • You get a brand-new home with brand-new everything. Your a/c unit is fresh and unused. No one’s food has ever been inside the fridge.
  • In a new home, you can pick certain features and decide on aspects of the home, from details as small as the finishes, to as major as the floor plan or even overall home design, depending on what you buy.
  • Your home has never, ever, been lived in by anyone else. It’s ALL you, baby.
  • You can make it totally your own.
  • There’s no bad “juju” from former owners, no one else has been there to funk up the place with their cooties.
  • New construction homes are often turn-key, move-in ready, with no major renovation work to do, maybe just some finishing touches.

Existing (Old) Construction

  • Older homes are generally more affordable than new homes, which people will pay a premium for new construction.
  • Existing homes are often located on larger lots as newer homes tend to be larger homes on smaller plots of land.
  • Older homes have cool, unique features or specialty craftsmanship from bygone eras that are considered vintage and sought after.
  • You can be a part of a charming, established neighborhood with history and character.
  • The landscaping is already done, with previous owners adding special features over the years. Mature trees and foliage are already in place and you don’t have to do a thing, other than maintain your existing yard.
  • You can buy for a lower price, renovate, and make it your own. If you’ve ever watched HGTV, you’ve definitely seen shows where people have a choice between buying a new home or an older one. The older home almost always can be purchased for significantly less, and even with a renovation budget included, it will be a better buy in the long run.

Either way, we’d love to help you make that decision!  Contact Advantage Real Estate and let us know what we can do!

Reasons Why Buyers Should Get Pre-approvals Before Seeing Moberly Area Properties

Here’s some advice for anyone who is thinking of buying a home:  Do not miss the critical first step of getting a home loan pre-approval. Why you ask?  A pre-approval involves evaluating your financial information and credit rating to assess whether you can be approved for financing. It is not a promise of a mortgage, but the best estimation in lieu of a full application. Receiving a pre-approval letter is important for several reasons. This blog provides reasons why buyers should get pre-approvals before seeing Moberly area properties.

Know Your Price Range

Loan options and mortgage rates will vary. A pre-approval will give you a handle on the loans and financing choices available, what your closing expenses will be, and most importantly, your price range. Without this information, you can waste valuable energy looking at properties that you cannot finance. Identifying what you can afford also saves you the emotional distress of wanting a home that you cannot purchase.

Strengthening Your Leverage

It’s true that homes with the best features or the best price tend to sell fast. A pre-approval provides you with the ability to act on that perfect home quickly. Put yourself in the place of a seller who receives an offer on their property.  If they knew nothing about you except the words on your contract, the seller would accept every offer written. (If the price was right.)  I can’t tell you how many times I’ve received offers from various agents in my local area who have no proof of a buyer’s ability to obtain financing.  Even though a potential buyer makes an acceptable value on their property, without the ability to finance the loan, there is nothing.  I recommend that when you find the home of your dreams, your agent should include a pre-approval letter with your offer. This ensures the seller that you are ready and capable of completing the purchase. It is rare that an owner would accept an offer and waste their time without any verification that the person can even get financing. In competing-offer situations, this is even more important.  It will put your offer in best standing against any competing offers.

Reasons Why Buyers Should Get Pre-approvals Before Seeing Moberly area Properties

The real estate process can be complicated and stressful to begin with. Getting your ducks in a row can minimize the stress.  Find you an agent who will sit down with you to teach the process before you get started!  We have a list of lenders we can recommend for your financing options!  For additional information, contact your favorite agent at Advantage Real Estate by calling (660) 263-3393.

Tips to Market Your Home

Home For Sale Real Estate Sign in Front of Beautiful New House.

Marketing Homes to Sell Quickly in the Moberly Area

Pricing is crucial at all times but is even more important when there is a lot of competition. The following is information on marketing homes to sell quickly in the Moberly, MO area.

Understand Market Trends

Each local market varies. When you hear about information on the news, those usually relate to national averages. The region we are in – in the Midwest – may not fit that generalization. A Moberly real estate agent can provide a market analysis which considers sales of comparable real estate in your area and produce an expected price range for a home. This range will vary continually, so do not rely on old figures from sales beyond the past year.  Typically, the appraisers are required to have relevant sales within the past 4 months to 12 months.

Remain Realistic

When viewing the market figures, be aware that there is a range of values when pricing a property. Your real estate agent should provide comparable sales that have sold in the past 12 months that are as similar to your property:  style, year built, square footage and lot size are a few of the factors involved.  The value of a home depends sometimes on other factors, like recent renovations, competition on the market, and a seller’s need to sell quickly or not.   As a seller, it is understandable to be proud of your property and the time and effort invested. Unfortunately, not all potential buyers will give equal value to particular renovations. Expect that you may not get back the total amount spent on repairs. Sometimes some repairs like a new roof or furnace come under the category of “home maintenance” to a prospective buyer.  Furthermore, market values may be impacted by foreclosures in the region, which are typically sold at lower prices and are still considered comparable listings. “Market value” is actually the amount that a home buyer is willing to pay for a listing during a particular time. It may not necessarily be close to your requirements or resemble the price at which you purchased the property.  A willing seller makes the deal happen.

Some Final Words for Homeowners

Listen to the advice of your real estate professional!  It may be that you have a need to sell quickly, and the best approach is to price your house to within 4-6% of a fair market valuation to attract a buyer quickly.  Right now our local market has a shortage of homes for sale, so now is a good time to list your home!  We have buyers in our pipeline ready to act when the right property comes on the market.  Many of those home sellers who have kept their home on the market during the winter months have benefitted from the pool of qualified buyers that are ready to act!  Just remember that time and money are related, and overpricing can be more damaging than you expect. For more information on marketing homes to sell quickly in the Moberly area, contact your favorite Realtor at Advantage Real Estate!