Koester Homes Real Estate Blog

Real Estate Myths

“Agents can only show their own listings.”

FALSE

Agents can show you any home no matter what company has it listed. You should have one agent representing you the whole way through. Searching for homes can be extremely overwhelming. Online descriptions of homes are not always reality. It’s good to have a professional that can be hands on in the process to keep your needs and wants in the forefront of their mind as they are going through homes and hearing of new upcoming properties.

“Throw out a lowball offer to see how low you can get the sellers”

FALSE

This usually is not a good tactic. It sounds good in theory, but can offend many sellers and they may not even counter. You run the risk of completely losing the property if it’s a hot buy. If both parties are far off and can’t see a middle ground initially, it can cause you to pay more money in the end.   

“Spring is the best time to sell”

FALSE   

You do typically have more homes on the market in the spring. This started because families would plan their move around the school year. According to Zillow, now more than half of buyers aren’t married. Their decision of moving and relocating are not playing into the school year. We are often seeing an upswing of activity after the holiday season.

“You’ll earn back what you spend on renovations”

Partly FALSE      

You have to be careful what you spend your money on. Know that every improvement that you put in on your home, will be not exact dollars back in your pocket when you go to sale. The areas that show the highest return in homes would be the kitchen and bathrooms. So as long as you aren’t putting too much of a personalize touch into it, you should see a return on your investment. If you are renovating your home just to list it and not for personal enjoyment, you should consult with a licensed professional to see what items would be worth putting your dollars into.

“Agents can only show their own listings.”

FALSE

Agents can show you any home no matter what company has it listed. You should have one agent representing you the whole way through. Searching for homes can be extremely overwhelming. Online descriptions of homes are not always reality. It’s good to have a professional that can be hands on in the process to keep your needs and wants in the forefront of their mind as they are going through homes and hearing of new upcoming properties.

“Throw out a lowball offer to see how low you can get the sellers”

FALSE

This usually is not a good tactic. It sounds good in theory, but can offend many sellers and they may not even counter. You run the risk of completely losing the property if it’s a hot buy. If both parties are far off and can’t see a middle ground initially, it can cause you to pay more money in the end.   

“Spring is the best time to sell”

FALSE   

You do typically have more homes on the market in the spring. This started because families would plan their move around the school year. According to Zillow, now more than half of buyers aren’t married. Their decision of moving and relocating are not playing into the school year. We are often seeing an upswing of activity after the holiday season.

“You’ll earn back what you spend on renovations”

Partly FALSE      

You have to be careful what you spend your money on. Know that every improvement that you put in on your home, will be not exact dollars back in your pocket when you go to sale. The areas that show the highest return in homes would be the kitchen and bathrooms. So as long as you aren’t putting too much of a personalize touch into it, you should see a return on your investment. If you are renovating your home just to list it and not for personal enjoyment, you should consult with a licensed professional to see what items would be worth putting your dollars into.


Most Expensive Listings

Forbes just released the most expensive home listings in every state.  I am often shocked at how large and expensive some of these homes are!  I wouldn't have guessed there would be a 4.75 million dollar home in Alaska or a 25 million dollar home for sale in Oregon.  I sure wish our team had the 18.775 million dollar home listed in Illinois!

 

Click on the link below and check them out for yourselves! Which one is your favorite?

 

Forbes Most Expensive Home Listings


Tips For Listing Your House

Beginning the process for listing your home can be a very overwhelming process. There seems to be so much to do that it’s hard to know where to start. We’ve got some tried and true tips here to help you along the way.

 

Declutter and clean

If there is one thing to remember, it’s this! It’s so easy to become complacent with your own home. It is important to keep your home as decluttered as possible. You want the potential buyers walking through to feel your home has plenty of space for them. All of those extra clothes you’ve accumulated in the closet, take them to storage. You want all the areas of your home to seem as roomy as possible.

Another aspect people don’t think about is keeping walkways open. You won’t have just one person coming through your home. With the agent and the family, you often end up with 5-7. So keeping the main walkways as open as possible is very important.

 

Finish up Projects around the Home               

We all do it. We start something with the best of intentions and then it’s never finished. So that new paint color in the extra bedroom, or that half-finished antique dresser (darn Pinterest!) make sure to see it through.

 

Easy Access

This one can be a bit tough. With kids, pets, and just life, it’s hard to make your house super accessible. Having a time frame that is too far out for showings can rule out a potential buyer. So try to be as flexible as possible

 

Good Pictures

According to a recent study on inman.com, over 90% of buyers look online to start their home search. That means people are seeing the interior of your home online before they even talk to an agent and step foot in your house! It’s important to make sure good photographs are used to represent your home and give the best impression.

 

Exterior

Make sure  the exterior of your house is in good shape. Now don’t kill yourself here, just make it look appealing. This is where the first impression is given. Also, buyers spend a good 5 minutes at your doorstep. While the agent is opening the keybox and getting the door unlocked, they are looking all around the front door. So make sure to power wash those cobwebs and paint any chipped paint.

 

Pricing it Right       

Pricing your home well from the beginning is important. Make sure to listen to your agents’ recommendation and know your main competition. Pricing a home too high early on can rule out potential buyers from even seeing yours come up on searches. It’s very important to stay keyed into what the marketplace is doing. 


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