What happens when you want to buy a home, but you need the proceeds from the sale of your current home to put the deal together?
Let’s say a homeowner who THOUGHT they were perfectly happy in their current home comes across what they feel is their dream home. They want that home, and they feel they need to make an offer as soon as they can. The problem is, they need the proceeds from the sale of their current home to close the deal. The double-whammy to the problem is…they don’t have their current home listed for sale.
This can be an issue if you’ve already found your home of choice. In fact, we would always recommend putting a plan together where you list your home for sale first before you find your “dream home.” Why?
For one thing, many sellers want to be sure that their escrow will close on time…or at least close at all. Their accepting your offer would mean that they have very little control over the time it will take for your home to sell and close escrow. Continue reading
Housing prices remain steady, although we’re seeing some signs of the end of the “summer rush.”
August showed a steady pace in the Santa Clarita real estate market, with new information released by the Southland Regional Association of Realtors.
While there were no “wild rides” real estate-wise, we did see a market that held its own through what most consider the “dog days of summer.”
Median home prices and sales remained somewhat the same as July, with median sale prices holding at $415,000, which includes both single family residences and condominiums. We saw a slight drop in the number of home listings at 441 for August, compared to 500 in July, but the number of escrows opened and closed barely changed month over month.
Santa Clarita also saw only a slight drop in the median list price in August at $447,000 compared to $459,000. This accounts for typical pricing adjustments as the summer rush comes to an eventual close. Continue reading
Buyers are looking at your home, but they’re not looking at YOUR home.
For some sellers, it’s very tough to let go of the fact that the home they’ve lived in will soon belong to someone else. It would almost be abnormal were a seller not be emotionally attached, and in some cases, they stress out over what they feel buyers might think when they walk through the door.
In our discussions about home staging, we discuss various ways to make your home appear larger and less personal. Removing personal items such as family photos and mementos can help inspire a buyer’s imagination to dream about what the home would look like when they move in. Also, storing extra pieces of furniture to give your room(s) a larger feel can also help the buyer re-imagine them with their own furnishings.
It’s sometimes tough for sellers to begin to pack away their personal belongings even before escrow has opened, but it goes a long way toward accomplishing your real estate goal of selling your home for the price you want. Continue reading