Sunday, January 13, 2013
Marketing an empty house has some benefits and some drawbacks. The house will show better if it is empty unless your furniture is new and its style is popular with the 35 year old young family. If your house looks like a Pottery Barn showroom, with no clutter and no messy areas, then you are likely to yield more profit in its present condition. The drawback to marketing an empty house is that it may have an "abandoned" feel, as one buyer put it. There are some economical and effective ways you can prepare your empty house to maximize its profit. Please call me at 978-807-6202 or email me at firstname.lastname@example.org for some great ideas. Each situation is a bit different.
Concord Real Estate:
2013 Will Be A Good Year To Sell A House
Tuesday, January 1, 2013
5 Types Of Buyers Will Be Rushing Into The Housing Market In 2013
With the housing market bottoming in 2012, economists and other experts are becoming increasingly optimistic about the U.S. housing market in 2013.
From John Burns Real Estate Consulting: "Assuming our leaders in DC come to some sort of agreement that keeps the economy growing and interest rates low, which seems like the most reasonable assumption, here is what will happen,"
- Investors: Investors and, yes, even flippers will continue to grow in numbers as they realize housing is the best risk-adjusted return on their money.
- Boomerang buyers: Foreclosed homeowners, who are currently renting homes, will come back in droves. In Phoenix, they are paying $1,300 in rent for a home whose mortgage payment would be $1,000. That situation is not sustainable. The Federal Housing Administration and Department of Veterans Affairs have low down payment programs with insurance premiums that push rates near 5.0%. Those payments are still very affordable.
- Entry-level buyers: First-time homeowners, who have been sitting on the sidelines waiting for a sign of the bottom, will hear about price increases in their desired neighborhood and rush to become homeowners.
- Move-down buyers: Empty nesters and retirees, who have plenty of equity in their existing home, will buy a home that is more suitable to their current lifestyle, which may or may not include adult children as well as their aging parents.
- Moveup buyers: The price appreciation that occurred in the last year has already lifted 1 million underwater homeowners above water with future price appreciation to lift them even more.