Selling Homes

Pioneer Valley Moving Into Seller's Market

An article recently published by Mass Live announced that the Pioneer Valley is moving into a “seller’s market”.  This means that the real estate market is currently favoring sellers, rather than buyers. The lack of homes for sale puts pressure on buyers to move quickly in their purchasing actions, or else risk losing out on getting the house they wanted.

According to the article, sales of single-family homes in June 2017 are fewer than in June 2016, while the median sales price rose. Also, the average number of days a home is on the market for June 2017 has decreased compared to June 2016. Specifically in Franklin County, sales are down 1.3 percent with 75 sales in June 2016 and 74 sales in June 2017 and the median price rose 16.3 percent from $224,000 to $260,500.

So what does all this mean for you? In a seller’s market, desirable houses sell quickly. If you are pursuing a new home, act in a timely manner. On the other hand, if you have been thinking of putting your home on the market, now is a good time to do so. However, sellers sometimes get overexcited in a seller’s market and might ask too high of a price. This leads to their house sitting on the market for too long. Make sure to maintain reason when listing your home.

For more advice on how to act in a seller’s market of if you are thinking of buying or selling, get in touch with Wanda Mooney at (413) 768-9848 or wanda@wandamooney.com.

To read the full article on masslive.com click here.

Do You Have These 9 Items Ready as You Prep Your Home for Sale?

9 Items to Prepare Your Home For SaleRecently I came across an article in Coldwell Banker’s blog about 9 overlooked items necessary to prepare your home for sale, by David Marine. I found the list to be very helpful since we often are so focused on the big, cosmetic tasks, that we skip some of the details behind the scenes. Here are some things you should be sure to have done before putting your house on the market:

1. Survey

Keep a current copy of your home’s survey and be sure to give your listing agent a copy, as well. This document will provide important information to buyers, such as property lines, easements, conservation buffers, etc.

2. Floorplan or Appraisal Sketch

Whether deciding on furniture placement or parking space, a floorplan is crucial for a buyer to know property dimensions. It is suggested to have an appraisal sketch done to confirm exact square footage of a home, rather than using tax records.

3. Utility Bills

Review your utility bills to give buyers an average cost for heating and cooling your home. This helps them figure out total costs of owning the home.

4. Termite Bond

A termite bond is a protection plan in the case of a termite infestation. In many markets where termites are common, buyers are interested in knowing the termite bond policy.

5. Pest Control

If your propety requires any type of pest control maintenance, have all of the details ready. Include how much you pay, how often maintenance is done, and who your provider is.

6. Insurance

Buyers are interested in knowing the seller’s current home insurance provider, since sometimes it can be easier for them to go through the same provider, rather than trying to acquire a new one.

7. Product Manuals and Warranty Documents

For any home appliances that will remain in the home, such as water heaters, ceiling fans, refrigerators, etc., have the manuals and warranty information ready.

8. Service Providers

Have a list of all vendors and service providers. The buyer may eventually opt to find their own providers, however they will appreciate having help available initially.

9. Covenants and Restrictions, Neighborhood Rules and Information

This information is very important to new owners. You can find it by contacting your neighborhood association or going to your municipality’s website.

If you really want to go above and beyond as a seller, once you have all this information, store it in handy binder or folder that can be easily passed on to the buyer. While it may seem like a lot to compile, it will be less stressful to do it before putting your home on the market and can even move your sale along faster.

Read the full article here.

Contact me today for help in preparing your home for sale!

Source: Marine, David. “9 Overlooked Items to Prep Your Home for Sale.” Coldwell Banker Blue Matter, 7 Dec. 2017, www.coldwellbanker.com/blog/9-overlooked-items-to-prep-your-home-for-sale/.