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Real Estate Trends
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7 Reasons Your Home Isn’t Selling
One of these mistakes could be slowing your sale
By Justin Bevins
Selling a house can’t be that hard, right?
Especially if you hire a real estate agent
who handles all the phone calls, showing
appointments, negotiations, paperwork …
Well, not so fast. A house should be in
tip-top shape if you want to sell, and
sell in a reasonable amount of time. And
depending upon the current condition, it
may mean a lot of cleaning, an investment
in repairs, and possible updates to certain
features.
to see the amazing home that comes with this spectacular view, visit:
www.22576InspirationPoint.com
Single story, simple interior, low maint.
Large home with room for everyone
Otherwise you might find your house
sitting on the market for a long time…
which can impact your house negatively.
And all this starts with price.
Blue-sky price tag - You love your home.
You’ve been there for years. Memories of
your life there are abundant. Unfortunately,
those memories mean nothing to buyers.
They don’t share the same memories as
you do. Therefore, they won’t understand
why your home is priced over market …
and simply ignore it.
Pricing your house right, however, will
overcome any objections, and you’ll
usually see interest and multiple offers.
Loud or obsolete decorations - A great
house can be missed if it is drowning in
bad colors, dreadful window treatments,
and gaudy furniture.
Single story with modern kitchen, laundry room, 3 car garage and
nice clean interior. Beautiful yard with fruit trees and built in spa.
Over 5000 s.f. with a separate mother-in-laws quarters for
extended family or guests. Close to Sierra Park and and the lake.
Visit www.BevinsGroup.com for more details or
contact Justin at 951-326-0521
Visit www.BevinsGroup.com for more details or
contact Justin at 951-326-0521
And Coming Soon... Ready to move in single story home with low maintenance
yard close to lodge and other popular Canyon Lake amenities $299,000
Download updated market reports, the latest listings, and get a free market valuation for your home online at www.BevinsGroup.com
INSIDE THIS ISSUE
7 Reasons Your Home Isn’t Selling
Mortgage Banker, Broker, or Retail Bank?
The Most Spectacular View Home
PLUS:
Lake
Your Canyon port
Market Re
Justin Bevins, REALTOR®, BRE #01407424
tel 951-326-0521 email [email protected]
www.BevinsGroup.com
If your property is currently listed with a real estate broker, please disregard this notice. It is not our intention to solicit the offerings of other real estate brokers. Equal Housing Opportunity.
Paint over loud colors with neutral tones
and remove tacky furniture. Consider
spending money when it will help bring
the look of your home up to date.
Disrepair - There is a law to owning a
house: it will decay. Luck and construction
quality have little to do with it. Homes
simply fall apart. That means if you want
a home in good condition, then you need
to stay on top of the repairs – and not wait
until it comes time to sell.
Cracks in the sinks and tubs, the warping
wood on the backyard deck, broken roof
tiles, shabby carpet, leaky windows … if
you don’t stay on top of these repairs, they
add up.
Put a house in this condition on the
market, and price it too high, it will sit.
Buyers notice these things and expect you
to price accordingly if you don’t make the
repairs.
Bad location - A great house and bad
location don’t mix.
Neighborhood
nuisances, road
noise,
smells
from the local
dairy farm, are
all things that
can make the
location
less
than appealing.
There is a good
chance
you’ll
have to reduce
your price in order to sell your house.
A neighborhood that goes to pot also
doesn’t bode well for a great house. This
will suck any value your home might have.
Not to mention if you have renters you’ll
find it difficult to show your house since
renters don’t like the thought they’re
going to be kicked out, and probably will
be less than happy to clean up to show the
house.
Terrible design - Your income and growing
family might have forced you to build
additions that were practical to you, but
not anyone else. You might have eaten
up part of the driveway, or you have to
walk through a bedroom to get to the
living room. Odd floor plans and quirky lot
configurations can block a sale, too.
Upgrading too much - Upgrading a home
usually leads to higher value. However,
if you exceed in value the homes around
you, don’t expect your home to continue
to rise in value. People buy homes for the
home itself, but they also buy homes for
everything around it. If the houses around
your home aren’t equal or greater in value
than your home, you might have to step
down from your luxury price to move it.
Bad photos - More than likely buyers will
look at your home online before they see
it in person. Attractive photos are critical.
Clean up the mess in your house before
you take photos. Declutter your house.
In fact, you should hire someone to stage
your house, and then hire a professional
photographer.
And experts say that less is more: eight
photos that highlight the best part of
your house are all you need. Leave some
mystery.
Prepare your house as best you can in
order to sell quickly. Some things you
can’t always control, but spend a few
dollars and be creative and a quicker sale,
at a higher price could be the result. -Justin
ISSUE NO. CL05
MAY 2014
Brought to you by
Justin Bevins
Mortgage Corner
Mortgage Banker, Broker or
Retail Bank? Which one
should you choose in this
mortage environment?
B y Dave Fitzpatrick
QUOTE OF THE WEEK... “The key to
everything is patience. You get the
chicken by hatching the egg, not by
smashing it.” --Arnold H. Glasow
INFO THAT HITS US WHERE WE LIVE...
It’s taken a bit of patience to see
Pending Home Sales go up after
months of stagnant activity. But go up
it did in March.
The Pending Home Sales index of
contract signings shot up 3.4% for
the month, its first gain in the last nine
months.
The National Association of Realtors
(NAR) chief economist explained:
“After a dismal winter, more buyers
got an opportunity to look at homes
last month and are beginning to make
contract offers.” The median purchase
prices have risen slightly and steadily.
Interest rates are pretty much in the
areas as previous weeks....nothing
amazing, and nothing that is ‘deal
killing’.
You can pretty much count on your
‘government loans’ (FHA, VA, USDA) to
be in the low 4% area; conventional
agencies (FNMA and FHLMC, or Fannie
Mae and Freddie Mac) in the mid 4%
area, and the FNMA High Balance and
Jumbo rates to be in the latter/upper
4% area.
(continued on page 3)
Dave Fitzpatrick
Wallick and Volk, Temecula
27708 Jefferson Ave. #105
Temecula, CA 92590
Ph: 951/296-6066
Fax: 206/203-3924
www.davidfitzpatrick.wvmbtemecula.com
NMLS #259057, Licensed by the Dept. of Corporations under the California
Residential Mortgage Lending Act. License #4130785. Corporate NMLS 2973.
Notice: This is not an offer to lend or extend credit. All loans are subject to
credit approval.