Buying in a seller’s market can be stressful. With available inventory much lower than average, making an offer on a home comes with the fear of being outbid and rejected. While it is tempting for buyers to waive a home inspection in hopes the sellers will accept their bid, it’s important to consider the peace of mind a home inspection brings. Will you need to make big repairs down the road – or even sooner? Is the home safe to live in? And is it worth such a huge investment?
Can sellers get the price they want when selling a home on a budget? Absolutely! If the house is in great shape, upfront expenses to sell are nothing. If the home needs sprucing up, knowing how to prioritize improvements boosts the return on the investment.
There are a number of reasons why buyers might prefer homes that are not in a subdivision. Perhaps they would like a larger lot, prefer more privacy, or do not want to pay Homeowners Association fees. Even when they know what type of property they are looking for, it can be difficult to weed out subdivision homes when searching for available real estate. Working with an experienced real estate agent can help to pinpoint homes that match the buyer’s criteria and where to find them.
In today's real estate climate, homes sell quickly…and some sell well above the asking price. However, the trend of selling a home above the asking price stalled this spring. In the first quarter of 2023, buyers paid 99.9% of the list price for single-family homes in St. Louis. This summer, in the prime selling season, buyers probably will pay more than the asking price for homes in desirable neighborhoods. Homeowners who want to reel in big offers have three home pricing strategies to consider.
The internet is filled with “how to” advice for selling a home. But what about what not to do when selling a home? Sellers have a long list of things they feel they should take care of when they decide to sell. It is important to distinguish between what is likely to result in a quick sale at a good price, and what is simply not worth the time, effort, and money.
Has your house been on the market for a while, but you’re not getting any offers? There are few things more upsetting than not being able to sell a house. This is especially true when trying to coordinate the sale with the purchase of your next home. How long do you wait before you start to worry?
The world of real estate has a language all its own…which can make it difficult for first-time buyers to understand the status of a listing when searching for a home. While a real estate agent can shed light on the differences between pending, under contract, contingent, and other terms encountered during the home buying process, it helps to know a little about them before beginning your search.
Originally published Friday, October 26th, 2018; Updated February 1st, 2022
Some people in the United States think of the Midwest as little more than “fly over country,” while the coasts are where the action is. While there is generally less hustle and bustle in the midsection of the country than in New York or L.A., there is plenty of appeal, even outside of big midwestern cities like Chicago.
According to the National Association of Realtors, FSBO (For Sale By Owner) accounted for only 7% of home sales in 2020. That means that about 93% of sellers, along with most buyers, relied on a real estate professional.