What To Prioritize When Selling Your House

Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key things to know so you can avoid costly mistakes and win big when you make a move.

1. PRICE YOUR HOUSE RIGHT

When inventory is low, like it is in the current market, it’s common to think buyers will pay whatever we ask when setting a listing price. Believe it or not, that’s not always true. Even in a sellers’ market, listing your house for the right price will maximize the number of buyers that see your house. This creates the best environment for bidding wars, which in turn are more likely to increase the final sale price. A real estate professional is the best person to help you set the best price for your house so you can achieve your financial goals.

2. KEEP YOUR EMOTIONS IN CHECK

Today, homeowners are living in their houses for a longer period of time. Since 1985, the average time a homeowner owned their home, or their tenure, has increased from 5 to 10 years (See graph below):This is several years longer than what used to be the historical norm. The side effect, however, is when you stay in one place for so long, you may get even more emotionally attached to your space. If it’s the first home you purchased or the house where your children grew up, it very likely means something extra special to you. Every room has memories, and it’s hard to detach from that sentimental value.

For some homeowners, that connection makes it even harder to separate the emotional value of the house from the fair market price. That’s why you need a real estate professional to help you with the negotiations along the way.

3. STAGE YOUR HOUSE PROPERLY

We’re generally quite proud of our décor and how we’ve customized our houses to make them our own unique homes. However, not all buyers will feel the same way about your design and personal touches. That’s why it’s so important to make sure you stage your house with the buyer in mind.

Buyers want to envision themselves in the space so it truly feels like it could be their own. They need to see themselves inside with their furniture and keepsakes – not your pictures and decorations. Stage, clean, and declutter so they can visualize their own dreams as they walk through each room. A real estate professional can help you with tips to get your home ready to stage and sell.

Advantage Real Estate agents know what it takes to sell your home in today’s market. Whether you’re in the market to sell or purchase, we are your professionals to assist you throughout the real estate process from beginning to end. Call our office in Moberly, MO. We serve in Randolph and surrounding counties. 660-263-3393

Planning to Paint This Fall? These Tips Will Make the Painting Process Easier

Fall is right around the corner, and a new season is a perfect opportunity to update and refresh your home—including changing up your paint colors.

Painting is an affordable way to breathe new life into your home. But, if you don’t know what you’re doing, it can also be a messy, tedious process.

Luckily, there are tricks you can use to make the painting process a breeze—and get a fresh coat of paint on your walls with minimal stress or mess.

So what, exactly, are those tricks? A recent video from realtor.com outlined key tips for making the painting process easier, including:

  • Use a rubber band to wipe off excess paint. Wiping excess paint off on the side of the paint can is a messy process. Instead, try wrapping a rubber band around the can so that it stretches across the can’s top. After you dip your brush into the can, you can wipe it against the rubber band—and the excess paint will fall right back into the can.
  • Use fabric softener to loosen stiff brushes. Paint brushes can get stiff after a few uses. If your brushes are too stiff to use, try soaking them in diluted fabric softener and water for 30 minutes—then rinse with water. The solution will help to loosen up the bristles—and help you get a better, more even coat of paint.
  • Shake your paint. Instead of stirring your paint after it’s open, try shaking it while the can is still sealed. You’ll get the same result—just without the potential for a spill!

A fresh coat of paint always brightens a room up. If you’re looking to list your home on the market, giving your home a makeover with new colors is an affordable way to sharpen the look! Advantage Real Estate can give suggestions on modern and trendy tips. Our professional agents can answer all of your real estate questions and get you on the right track, whether it’s purchasing or selling. Call us today! 660-263-3393

Should You Buy a New Car if You’re Also Thinking About Buying a New Home? You May Want to Wait

You need a new car. You need a new home. But will buying the former impact your ability to buy the latter?

recent article from realtor.com outlined the ways taking out a car loan could impact your ability to get a mortgage (and to get the best rate on that mortgage), including:

  • Changing your credit score. When you apply for a car loan, it’ll show up as a hard inquiry on your credit report. While hard inquiries don’t have much of a long-term impact on your credit, in the short-term, they can lower your credit score by a few points—which, depending on your score, could jeopardize your ability to secure the most competitive rate (or to qualify for a mortgage at all).
  • Changing your debt-to-income ratio. Debt-to-income ratio is one of the most important factors lenders use to determine how much house you can afford—and, as such, what mortgage amount you’re approved for. Taking out a car loan before buying a house impacts your debt-to-income ratio and can result in you getting approved for a smaller loan.
  • Acting as a “red flag” to your lender. Making a big purchase (like a car) and taking on more debt prior to buying a home can be a red flag to lenders that you’re not responsible with your finances—which could impact your ability to get approved.

The Takeaway:

So, what does this mean for you? If you’re thinking about buying a new home and a new car, you may want to consider waiting to buy the car until after your home purchase is all wrapped up.

If you or someone you know is considering purchasing a home, contact Advantage Real Estate in Moberly MO. Our agents can answer your questions, and guide you to the right lender for you! 660-263-3393

4 Things Proactive Homeowners Do in September

Fall’s cooler temps are perfect for deck and yard improvements.

Ah, September. The weather is changing, and we’re getting back to our normal, post-summer routines.

It’s also a great time to give the house a little extra love and maintenance.

Stain the Deck

Help your deck field what winter throws at it by re-staining it this month. September’s cooler temps and lower humidity make it the ideal time for this project.

Check Fire Extinguishers

According to the Red Cross, fires increase in the fall and winter. Keep your home fire safe by getting your fire extinguishers checked by a certified professional. Fire extinguishers do break down and malfunction. In fact, after six years they need to be emptied and reloaded. If you haven’t already, buy one for each floor — and the garage.

Spruce Up the Yard

Aerate your lawn, reseed or fertilize it if needed, and plant perennials and shrubs (often on sale now). Your lawn will green up faster after winter, and the shrubs and perennials will have a chance to establish roots before the first freeze.

Inspect Your Home’s Exterior

Spending money on roof repairs is no party, but neither is handing out buckets to the family to catch leaks in a winter storm. Inspect your roof — and other big-ticket items, like siding, grading, and gutters — before you’ve got problems. You’ll cut costs by fixing them now and stay dry and warm all winter long.

We’re at the tail end of summer, and it’s time to think about the cooler temps. Advantage Real Estate agents can guide you with helpful tips with preventative steps to take with your property, whether you’re listing or purchasing a home. We’re here to serve you in Randolph & surrounding counties in Missouri. Let us assist you in all of your real estate needs. 660-263-3393

Real Estate Myths About Selling Your Home

Between low inventory and high buyer demand, there’s no denying that we’re in a seller’s market. But just because it’s a seller’s market doesn’t mean that every house is guaranteed to sell—although you wouldn’t know that based on what people are saying.

There are a lot of myths and misconceptions going around about selling in today’s market—and if you’re planning to sell, it’s important to ignore them. So what, exactly, are the biggest misconceptions about selling in 2021?

recent article from Realtor.com outlined things people are saying about selling in today’s market that just aren’t true, including:

  • It doesn’t matter if your home is in bad shape. There’s a misconception that buyers are willing to take anything in today’s market—including homes that are all but falling apart. And while fixer-uppers are certainly selling, if you’re hoping to get top dollar for your home, presenting your home in the best possible condition is a must—so make sure to take care of any necessary cosmetic changes or repairs (like painting your home’s exterior or replacing broken light bulbs) before you list.
  • You can price your home as high as you want. Home prices are going up, but that doesn’t mean you can list your home at an unreasonable price and expect it to sell. Pricing too high can cause your home to sit on the market, ultimately making it harder to sell—so when you list, make sure you price your property realistically.
  • You don’t need to market your home. Just because there are a lot of buyers—and not a lot of properties—doesn’t mean you don’t have to market your home! Working with your agent on a solid marketing strategy will ensure your home gets in front of the right buyers—and can help it sell faster and for a better price.

The Takeaway:

Bottom line? If you’re planning on selling your home, don’t believe everything you hear—especially these real estate myths that could put a damper on your home sale.

Whether you’re buying or selling a home, Advantage Real Estate agents are here to answer your questions, guide you through the entire process, and get the best price on your property. Call our office in Moberly, MO and let’s start on your marketing strategy today. 660-263-3393