Daily Archives: June 26, 2019

Selling Your House During A Divorce

26 Wednesday Jun 2019

Posted by in House Selling During A Divorce

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How To Market Your Home

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Your home is unique. there is no other house exactly like it. Yes, it may share the same floor plan with five other houses in your neighborhood. but the individuality you have created out of your property makes it stand apart from your neighbors’. Your home’s value will be based upon similar homes purchased during a particular time, whether winter, spring, summer or fall. The real estate market is a complex entity that surpasses all speculation.

The Price Is Right: Remember sentimentality has no dollar value. Although you may have many emotional connections to your home, you must avoid placing a higher price on the property for sentimental reasons. It is highly recommended that you place all emotions aside during the sales process.

Leave room or negotiations – if the home is overpriced, it only makes comparable homes more desirable. The home probably won’t sell.

Price it according to worth – buyers will lump the home with like priced homes, knowing they can buy anytime for the price range

Under pricing generates interest – Under pricing will motivate buyers and perhaps create a bidding war. But if not, the goal of selling the home for more money has been derailed.

Remember this: If a potential buyer perceives the value of your home as greater than the actual price, he will be more willing to buy more quickly. The urgency to buy diminishes the closer the price and perceived value become.

Before You Look for Your Dream Home: Know What You Want vs. What You Need!

26 Wednesday Jun 2019

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Before You Look for Your Dream Home: Know What You Want vs. What You Need! | MyKCM

In this day and age of being able to shop for anything anywhere, it is really important to many of us. Before you look for your dream home: Know what you want vs. What you need!

If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale through rose-colored glasses.

Do you really need that farmhouse sink in the kitchen to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Could the “man cave” of your dreams be a future renovation project instead of a make-or-break right now?

The first step in your home buying process should be getting pre-approved for your mortgage. This allows you to know your budget before you fall in love with a home that is way outside of it.

The next step is to list all the features of a home that you would like, and to qualify them as follows:

  • “Must-Haves” – if this property does not have these items, then it shouldn’t even be considered (ex: distance from work or family, number of bedrooms/bathrooms).
  • “Should-Haves” – if the property hits all of the ‘must-haves’ and some of the ‘should-haves,’ it stays in contention but does not need to have all of these features.
  • “Absolute-Wish List” – if we find a property in our budget that has all of the ‘must-haves,’ most of the ‘should-haves,’ and ANY of these, it’s the winner!

Bottom Line

Having this list fleshed out before starting your search will save you time and frustration. It also lets your agent know what features are most important to you before they start showing you houses in your desired area.