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Archive for February, 2012

Do Higher Listing Prices Mean A Good Housing Market?

Wednesday, February 29th, 2012

No matter what the current condition of the real estate market is, there are always certain places where listing prices are on the rise, but just because listing prices are on the rise, it does not always mean that they are selling. Here is a list of cities where listing prices are really high when compared to the rest of the country’s real estate market.

Fort Meyers, Florida.
The average listed price in this beautiful Florida beach town is currently $175,000. Soak up some sun, surf and sand in a new house on Florida’s famous east coast.

Shreveport, Louisiana.
Louisiana has a charm all its own, and the town of Shreveport has an average listing price of $167,500. It is a great time to purchase a home in this beautiful southern city.

Washington, D.C.
Real estate listings are on the rise in the nation’s capitol. The average listing price for a home in Washington D.C. are right around $349,000.

Fort Wayne, Indiana.
Fort Wayne, Indiana currently has a population of just over 250,000 people. The average listing price for homes is on the rise. The current average is right around $100,000. It has gone up about 5%.

San Antonio, Texas.
San Antonio is the 7th largest city in the United States. Things are looking much bigger in Texas. The average home listing price was right at $169,000.

Peoria, Illinois.
This famous city saw a mild increase of just under 4%. The average listing price is $134,900.

Fort Lauderdale, Florida.
Real estate prices are booming all over the state of Florida. The coastal town of Fort Lauderdale saw a 3.63% increase with the average home listing for just under $140,000.

Omaha, Nebraska.
Take a trip out west to Omaha and you would find that the average listing price is right around $144,000.

High listing prices don’t always mean a good housing market, but you can expect to pay more in the cities mentioned above.

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Mobile Is Taking Over The Real Estate Market

Sunday, February 26th, 2012

More and more people are connecting via mobile devices. Computers are no longer these giant behemoths that require monster power supplies. Today, they will fit right into the palm of your hand, and tomorrow they will most likely become even smaller. This is one case where size does not matter.

Real estate professionals that are embracing this mobile revolution are also reeling in the big fish. What have these real estate professionals learned about mobile connections? There is one shiny piece of data that has been putting a smile on real estate professionals that have adopted the use of mobile media and connections. Their conversion ratios are through the roof. There is a much higher chance that a person that is interested in a specific piece of property will call a real estate agent. What are the odds?

Recent studies have projected that mobile users are 300% more likely to call an agent about a listing that they have recently viewed from their mobile device. Mobile devices are not just smart phones. Customers are also using popular tablet computers like the iPad, and a range of Android powered devices to find their dream piece of property.

The mobile connection gives the customer the ability to look at all of the details pertaining to the property in question, and with just a touch of the finger, they can call an agent. Mobile is doing what basic marketing should be teaching you. Provide the customer with what they want, and they will be beating down your doors.

Real estate professionals that have not fully embraced the mobile revolution have been left sitting at their desks wondering why their phone is not ringing. If they could just become a fly on the wall of their competition, then the truth would quickly reveal itself to them.

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Posted in Advertising Homes/Advertising Houses, Homes for Sale/Houses for Sale, Property Management, real estate advice, Real Estate Industry News | No Comments »

Avoid The Drama Of Home Buying!

Friday, February 24th, 2012

Purchasing a home is a huge deal. For most people it will be the single largest expense of their lives. There are so many things that have to go perfectly in order to purchase a home, and one of the things that goes along with home buying is drama. Drama can come in the form of many things, but when it comes to purchasing a home, the drama usually revolves around stress, fear, anxiety and high expectations. These things just make matters worse. They can affect the way you make decisions. They can affect your job, and your daily life. They can all be easily avoided with the right mindset.

Don’t set such huge expectations.
This is the first step to avoiding the house buying blues. There is nothing wrong with wanting to get the absolute best house that you can afford, but make sure that you will really be able to afford it before you fall in love with it. Keep your expectations on a realistic level, and you will be able to easily avoid all of the unnecessary drama.

Don’t let your emotions get involved.
This can be a very difficult task for some people. It is hard to not become emotionally attached to a home when it has everything that you want, but you need to be buying a home that has everything that you need. There is a huge difference between wants and needs.

National rules don’t always apply.
When you are searching for a home, you can’t base your local real estate market on the national level. Certain areas are not influenced by national home buying and selling trends. Trying to buy a house in Beverly Hills for a lower purchase price just because the national housing market is in a slump will not work. The location has everything to do with the price of a home. Keep these tips in mind when you are searching for homes.

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Lowballing Your New Home Purchase May Be A Huge Mistake!

Tuesday, February 21st, 2012

There are many mistakes that first time home buyers make. It is a learning process, and these mistakes can easily be avoided with just a little bit of research. One of the most common mistakes is making offers for the home that are way too low. This is commonly referred to as “Lowballing.” This mistake can quickly send an over anxious buyer right back to square one. There are some amazing deals out there, but trying to purchase a home this way can actually cost more money in the end. Think of all the time that is wasted by making lowball offers that are never accepted. Think of all the gas that was used to drive around and look at homes. Now you will start to realize how lowball offers can cost more in the long run.

A buyer’s market does not always mean that low offers are acceptable. It does tend to put more purchasing power into the hands of a potential buyer, but the home owner still needs to make a certain amount of money. If the home owner still has a mortgage, they will need enough money to pay off their mortgage. An offer that is less than the amount that is owed on the house will simply be declined or even ignored. The offer still needs to come in at least at fair market value for the home. Getting an exceptional deal on a home is great, and in some cases home buyers might even be able to save 5-10%. However, if the offer is not accepted, how much money is saved? Ask yourself this question. What is 5-10% off of nothing? The answer is nothing, and if you continue to do nothing but lowball offers, that is exactly what you will end up with, nothing. Try to keep your offers in a fair market range, and you will have a much better success rate.

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How Long Does It Take To Find A House?

Sunday, February 19th, 2012

There is a very simple answer to that question. It takes as long as it needs to take. Shopping for a house of your own is not something that you should rush in to. It should take some basic planning at least, but it can be difficult to find a house that is everything that you want. In some cases you may need to make a compromise, and there is nothing wrong with that as long as you end up getting what you are looking for in the end.

There are some people who will never make even the smallest of compromises when it comes to their new home, and as a result, home shopping lasts much longer than most people would like. There are some people that have been shopping for a new home for over three years. In that 3 year time period they have looked at hundreds of different houses, but they could never decide on just one. This type of house hunting can end up costing a lot of money, and it will take up way too much free time.

It is very easy to shop for a house if you keep one thing in mind. Your house should have everything that you need, not everything that you want. The wants can always be added later. It also helps to have a trustworthy real estate agent that can help you narrow down the perfect house.

Don’t become a victim of house hunting fatigue!
Shopping for a house for an extended period of time has its downsides. It can quickly become exhausting. Remember that little things like paint and appliances can be changed rather quickly and these little changes are often very affordable. Following these simple steps will make it much easier to find your dream home, and you will be less likely to become a victim of house hunting fatigue.

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Is This House For The Dogs?

Friday, February 17th, 2012

There are roughly over forty million people in the United States that have dogs. Over half of the population in the United States owns at least one dog, and some families own more than one. They are man’s, woman’s, and a child’s best friend, but a lot of people seem to forget all about their pooch when they are shopping for a new place to live. If a dog could talk, would it have an opinion about the houses that its owner was looking at? Most homes are not even built with a dog in mind, but that is changing.

A house built for a king, I mean a dog!
There are plenty of places in modern homes where space is being wasted, and some smart home builders have started to re-think these wastes of space. Some have even gone so far as to turn these wasted spaces into a playground for the dog. Under cabinet dog houses, beds, and feeding areas are starting to show up in many modern designs. It makes sense to use the otherwise wasted space, and the family dog deserves to be pampered. It is the least people can do for a burglar alarm that works 24/7 with no questions asked. Do not forget about the companionship that a dog brings into the house either.

A new kind of doggy door.
A doggy door used to be an accessory to a home that had to be installed. Today, you will find that plenty of homes have been designed and built with pre-existing doggy doors. These doors are perfect for the pooch, and they always provide easy access to the back yard. Does the house that you are looking at have any features or designs for the family dog? Your dog will never forget about you, don’t you forget about it when you are looking at houses for sale.

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Will 2012 Be The Year For Social Media and Real Estate?

Tuesday, February 14th, 2012

Social media as we know it is still in its infancy. Social media and real estate are a much younger couple, but analysts and social media developers are stating that 2012 will be the year that social media blossoms. Have you planted your social media real estate garden yet? If you have not, you still have plenty of time to reap the rewards of social media in the year 2012.

How can you make social media a success?
The entire reason that social media even exists is because it allows regular people to be involved. In the past, real estate media was limited to professionals within the industry, but today social media puts that power back into the hands of the everyday consumer. People that are shopping for houses online have the power and the ability to look at a house, contact an agent, and even go so far as to make an offer, and it can all be attributed to a good social media plan of action.

Social media can quickly spread the word about a hot listing. Look at it this way. You happen to see a home for sale that you know would interest a friend. You could easily post it to a popular social media site where everyone can see it. It could then be re-posted again and again where it could very quickly snowball into 100 prospects. This is a power that no realtor should ignore.

Social media can also boost houses for rent!
Social media does not only affect houses for sale. Homes that are for rent can benefit from the power of social media as well. The very same scenario could quickly fill a house that was for rent. Good rental properties become unavailable quickly, and with social media, they will become occupied even faster.

Start putting the power of social media to work for you!

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Celebrities Buy And Sell Homes Too!

Sunday, February 12th, 2012

People just love to know everything that they can about celebrities. By getting a peak into a favorite celebrities life, we get to see what it is like to live like a king or a queen. Perhaps that is the attraction. One area of particular that many people are fascinated with is celebrity homes. They usually have huge lavish homes that people dream about. It is also amazing the see how much celebrity homes are bought and sold for. Here are some recent celebrity home sales.

Charlize Theron’s beach house recently sold. She purchased the home in 2003 for only 3.5 million dollars. That’s chump change to a celebrity. How much do you think that the house sold for? She was asking 7.5 million, but all she managed to get was a little over 6.5 million for the home. She almost doubled her money while living on one of the world’s best beaches.

Ashton Kutcher recently sold off his bachelor pad that he and his father built. He was asking for 2.6 million dollars, and he only got 2.35 million for it. Oh, the travesty!

Charlie Sheen can’t seem to stay out of the news. He listed his home for sale for a measly 7.2 million dollars. Did he need the money after getting fired from his hit sitcom? Probably not, because he turned around and purchased another home for 7 million dollars. Celebrities live the life.

Beauty legend Elizabeth Taylor’s home was put up for sale. The asking price was 8.6 millions dollars. It sold very quickly, but the purchase has remained anonymous. A quick search at the local property records division shows that the home sold for 8 million dollars.

For some celebrities buying and selling homes that are worth millions of dollars is nothing but a game, and for others it is a hobby, but one thing is for sure, celebrity houses sure sell for a lot of money.

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Watch Out For Falling Real Estate Values!

Thursday, February 9th, 2012

Wouldn’t it be nice if every city had a huge sign that warned you of potential drops in the value of real estate? There are huge signs on the interstates that warn you of falling rocks when you are driving through the mountains, or that ice may have formed on a bridge, but there really is no sign that will give you this type of insight. Cities don’t want to advertise falling home values. It would make the city less attractive to new home buyers. Believe it or not, cities are a business, and if there are no people living in them, then they will go bankrupt.

We can give you a little bit of insight into which cities you may want to avoid, but remember, falling real estate values are not necessarily a bad thing. If you catch them at the perfect time, you could easily purchase a house at a very low price and just wait for the market to come back so you could make a sizable profit. This is house flipping at its finest! Here are ten cities where real estate values have seen a sharp decline in value.

Gainesville, Florida
Ocala, Florida
Medford, Oregon
Tucson, Arizona
Mobile, Alabama
Santa Barbara, California
Chico, California
Atlanta, Georgia
Madera, California
Reno, Nevada

As you can plainly see, there really is no connection to these areas in terms of geographic location. If you took a map of the United States and attached it to a dart board and threw ten darts at it, you would come up with a wide array of results like this one. There are other factors that correspond to the sudden drop in real estate values at these locations. First time home buyers may want to steer clear of these areas until things stabilize a little bit.

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A Nice Kitchen Can Cook Much More Than A Good Meal.

Sunday, February 5th, 2012

It is a proven fact that the kitchen is the true heart of the home. You might spend a lot of time in your room sleeping, or you may even spend a lot of time in your living room lounging on your couch and watching television, but the kitchen gets used more than any other room in the house. It can also make or break the deal when you are trying to sell a house. Real estate agents know the importance of a kitchen to a seller, and the kitchen is the first place that house flippers look when they are deciding if they should buy a house. In a nutshell, the kitchen has more buying and selling power than any other room in your house.

Upgrade your tired old kitchen.
If you have not spoken to a real estate agent yet, then you might not know that your kitchen may be a little out dated. If your kitchen cabinets are covered in paneling, then it may be time for some upgrades. If your appliances have that retro look because they are from the early century, then it is time to do a few kitchen upgrades. Your kitchen should be filled with modern appliances that will make the kitchen run smoother. Think efficiency!

The cost of upgrading your kitchen should not be much of a concern. Your home will sell faster, and making all of these improvements will increase the overall value of your home. That is what you want. You want to sell your home fast, and you want to be able to get the most money for it. Something as simple as a few changes to your kitchen can make it happen. This is the first thing that a Realtor will suggest to you when they take a look at your home.

Posted in real estate advice, selling a home | No Comments »