Don’t wait to sell~Buyers are out now!

Don’t wait to sell your house ~ Buyers are out now !

The National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of supply and demand reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high. Let’s see how this applies to the current residential real estate market.

SUPPLY

It is no secret that the supply of homes for sale has been far below the number needed to sustain a normal market for over a year at this point. A normal market requires six months of housing inventory to meet the demand. The latest report from the NAR revealed that there is currently only a 3.6 month supply of houses on the market. With Supply very low, now is a good time to Sell.

DEMAND

A report that was just released tells us that demand is very strong. The most recent foot traffic report disclosed that foot traffic grew 10.5 points to 52.4 points. Showing that demand is currently high!

BOTTOM LINE

Waiting to sell will only increase the competition between you and all of the other sellers putting their houses on the market later. If you are debating whether or not to list your home for sale, let the Pointe South Real Estate Sales Team discuss your options. You can also view homes and receive a free market review at FORSALEontheGULFCOAST.com

Pointe South Real Estate Sales – 13578 Perdido Key Drive – Pensacola – FL – 32507
[email protected] | 850.492.1148 | Pointesouth.com

Easy Home Improvements that boost home values

It is common knowledge that a great number of homes sell during the SPRING buying season, for that reason many homeowners will be making that decision now and wanting to bump their value with some easy home improvements. But, where do you begin, and what improvements really boost the return on your investment into your pocket? Well, here you go.

One easy way to boost the value of homes by 12% or more according to FloridaRealtor.org is to invest in a few pre-listing repairs. For example, based on a median home price of $205,000. the potential gain is $24,500. Now, that seems worth your time and attention.

Not that we are all listening, let’s see what all this entails in order to gain the most return on investment that you desire.
Some of the fixes that are ranked as most important are also encouraged by our expert Pointe South Real Estate Sales Agents. Our agents share their expert advice and this is why we schedule listing appointments at your home. Our Agents will advise you with specific details to help your selling process in order to expedite the sale of a property.

#1 DECLUTTER will be at the top of the list. The cost is 0 if you do it and have the entire family chip in. This activity alone will produce a 3-5% return and it is a must-do! When potential buyers preview your home that you are SELLING, they truly want to be able to see themselves living there. You have to allow them to visualize themselves there. You can help achieve that by storing some of the family pics and personal items that you cherish in Tupperware. This also helps you start the process of moving. Two birds with one stone as they say!

#2 KITCHEN is King! The kitchen was rated as the most important to have in top shape before selling. Focus on the minor repairs that center on the function of the kitchen should be first. Fix leaky faucets, loose light fixtures, and countertop cleanliness. Not only washing up, but putting away the large kitchen

appliances that hide all the counter space. Put those away or store those in a Tupperware in the garage. Then, enhancements are next. Painting walls, updating cabinet hardware adding new curtains or light fixtures and an organized pantry show care and all the space that is available.

#3 BATHROOM freshness is next! This 2-3% return is simple and an easy improvement with fresh caulking of the shower and tub and floor seams. Updating fixtures and fresh paint will brighten the space. Updating the mirror and lighting can also give a bigger return.

#4 PAINT makes a big impact as the buyer thinks of it as one less step that they would have to do and it shows good overall maintenance of the home. Interior painting is an important part of bringing about a sale of the home. But, as the seller, you likely don’t need to paint the entire home – a refresh of the main rooms curbs big costs in painting the entire interior. Three prime rooms are the kitchen, living room, and bathrooms. Be sure to select neutral tones. Paint with whites or off-whites, grays or beiges as studies show that this helps the buyer focus on the home’s features. Bright colors tend to distract buyers and prompt in immediate cost to them to update.

#5 Lastly, CURB APPEAL and the WELCOMING feeling. With a 2-5% return, concentrate on basic maintenance with lawn care, trimming of shrubs, and adding fresh mulch. A good way to see the home with different eyes is to go stand across the street and look at the home from your neighbor’s perspective. This always shows you things that you may not have seen before and see if the change is cost-effective for you. Additionally, a good pressure washing will instantly brighten your home and increase the “welcome home” feeling. A new mat at the front door with a fresh flower invites your new guests or buyers and this has a lasting effect on them as they are more than likely looking at several homes in one day. Be the stand out – in a good way! This helps you go from FOR SALE to UNDER CONTRACT to CLOSED! If you are thinking of selling, Pointe South Real Estate Sales would love to help you get it done.

CALL | TEXT | EMAIL to find out what your home is worth today! 850.492.1148 FORSALEONTHEGULFCOAST.COM    [email protected].