Friday, September 27, 2013

Tips for Home Selling in the Fall

by Rod Sager

This late autumn listing in 2012, sold in 6 days.
Up here in the Pacific Northwest we have an abrupt transition from warm summer to chilly autumn. The rain starts falling and the leaves turn bright colors. It is a sight to behold. It also creates some problems for real estate. We get really dark as the fall marches on towards the holidays. Statistics show Autumn is the second busiest season for real estate. This is still a great time to sell and making a home warm and inviting will set it apart from the rest.  

It is important to keep a listed home bright and cheery as the days grow darker. Keeping the leaves raked and clear of the walkway adds positive curb appeal and also keeps safety in the forefront as wet leaves are quite slippery. Be sure to mow the lawn every week until the end of October at least. As the daily temps plunge the need to mow will go away. The leaves however will linger on through thanksgiving so keep on top of that. Light and bright sells in the Northwest.  

I typically offer up tips on prepping a listing for Autumn but I came across a well done article on the Internet with ten tips for selling in the fall and thought I would share them with all of you. Some may not fit our Northwest situation 100% as the author is based in California, but these are still pretty good.

Ten tips from Elizabeth Weintraub 

Clean Up the Yard

Rake dead leaves and debris in your lawn. Don't let overgrown vegetation block the windows or path to the entrance. Cutting bushes and tree limbs will let the sun inside and showcase the exterior of your home. Cut away summer vines and cut down dead flowers.

Create Autumn Curb Appeal

The most popular autumn flowers are chrysanthemums (or mums) and they bloom for a long time. I am also partial to marigolds for fall. Both mums and marigolds are available in yellow, which is a home selling color. Plant them in pots. Place pots on the steps and along the sidewalk. Accent with pumpkins.

Dress the Windows

Rain and wind from over the summer months can make your windows dusty and streaked by autumn. You might not notice smudges, but buyers will, if only on a subconscious level. To sell a home, your windows need to sparkle. Even though I am not selling my home, my cats routinely rub their little noses on the inside glass while walking along window ledges, so I need to wash my windows inside and out every autumn. Remove screens and spray them down.


Check the HVAC

You want the air inside your home to smell fresh. When was the last time you changed your furnace filter? You can buy 90-day furnace filters. Have the HVAC system checked before you need to turn on the heat. Besides, the buyer will ask a home inspector to look at your HVAC. If you discover problems with your furnace, it's better to fix them before your home goes on the market.

Clean Out the Fireplace

Ah, nothing smells like autumn than smoke from a wood-burning fireplace. However, in some parts of the country, burning wood indoors or outdoors is outlawed. In Sacramento, we have certain days when we are not allowed to burn wood in the fireplace. If you have a gas fireplace, light it when buyers come through. If the fireplace is filled with cobwebs because it hasn't been used for months, vacuum it out and wash it down. Some home stagers arrange knickknacks in the fireplace in place of wood logs.

Prepare Autumn Dishes

Speaking of autumn scents, you might set out freshly baked pumpkin cupcakes or simmer hot apple cider on the stove. Put a tray of cinnamon sticks on the counter, dotted with whole cloves. One of my favorite autumn treats as a kid was snickerdoodle cookies. Prop open a cookbook to an autumn stew. Fill a bowl with crisp red apples.

Set the Autumn Mood Musically
When I think of autumn music, beyond "See You in September" and "California Dreamin'," polka music and accordions come to mind. German beer fests are always held in October. But that doesn't seem appropriate for autumn home selling unless you're entertaining a frat house. I suspect a home seller is better off with Enya's "The First of Autumn" or George Winston's new age piano album "Autumn."

Utilize Autumn Accent Colors

You don't need to dump a lifeless sofa when you can accessorize its dullness with bright red, orange and / or golden yellow pillows. Toss a quilt or autumn-colored throw over a chair. After you've cleared away the clutter and depersonalized each room, bring a little bit of autumn hues to each room by placing bold-colored accent pieces in odd groupings such as 3's and 5's. Create an autumn centerpiece for the dining room table by arranging pine cones and nuts around orange candles, stick in a few leaves from the yard.
Turn on the Lights

Above all, bring in the light. When days get shorter, the sun sets lower in the horizon and casts wider shadows. Pull up the blinds, open the shutters, push back the drapes on every window. Turn on every light in the house, including appliance lights and closet lights. Brighten darker rooms with few windows by placing spotlights on the floor behind furniture, and for goodness sakes, turn off the TV.

Offer Parting Treats

I like to leave a guest book by the door for people to leave comments about the home. Gathering buyer feedback can be crucial. And buyers will feel more compelled to leave you a note if you give them something in return. Like tiny packets of candy corn or those snack-sized candy bars -- oh, I love Snickers bars like no tomorrow. Or you can go all-out and leave a tray of individually wrapped caramelized apples, tied with a curling ribbon.

At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

Thursday, September 19, 2013

Real Estate with Realtor Rod Sager: Got 300 Grand? If so, this market will treat you w...

I am out of town this weekend, so here is a recent post from my Real Estate Blog :)

Real Estate with Realtor Rod Sager: Got 300 Grand? If so, this market will treat you w...: This is a somewhat anecdotal post but I can back it up with some sound data so here I go. It seems that this market has gotten quite hot at ...

Friday, September 13, 2013

What's the Real Estate Market Doing in Vancouver, WA?

by Dan Jensen

The Real Estate market has shown much greater strength this year than in recent past years, for sure. There's an optimism in the market that we may be slowly moving toward stronger home prices, and a more vibrant home sales record for not only this year, but for the coming year or two as well.

There's certainly still nervousness across the US regarding the sustainability of the recovery of the economy, but that nervousness has been tempered to some degree by more and more home owners who have, for the past 5-7 years, been upside down in their equity position, this year, being able to offer their home for sale and not have to bring money to the closing table to get their home sold!  That's tangible improvement to say the least.

Inserted here is the most recent Movoto summary report of real estate activity here in Vancouver WA...

Vancouver Real Estate Trends & Statistics

Vancouver Median List Price

$250,000
VancouverOct 12Jan 13Apr 13Jul 13$240k$245k$250k$255k$260k$265k$270k

Vancouver Market Snapshot

Today1 Month Ago1 Year Ago
Total Inventory1,3121,240 6%1,165 13% 
Median List Price$250,000$258,000 3%$244,900 2% 
% Distressed 2%1%4%
Median Days On Movoto5955 7%85 31% 
Median House Size2,0002,021 1%2,051 2% 
Median $/Sqft$132/sqft$130/sqft 2%$121/sqft 9% 

Vancouver Market Data

2/133/134/135/136/137/138/13
Price Reductions211207227273303362425
New Listings474497651647672634606
Sold/Expired571618622687604637580

By the way, if you have any questions about any of the this, or would like to know more specifically what your home is likely to bring fair market value, please give us a call (360-253-1212) anytime!  We're glad to help.

The Equity Northwest Properties Team

Friday, September 6, 2013

The Back to School Lull and Home Affordability

by Rod Sager

All the kiddies are on the bus and off to school. Much to their chagrin but leaving mom and dad with a happy grin. This is a hectic time in the lives of families as the summer transitions to fall. I am noticing here in the local market a bit of a lull in activity. I believe we will see a slow down as is typical for September, but should still beat last year's ninth month figures. As the month comes to a close it is likely to pick up a bit.

Autumn can be a great time to sell or buy a home. The air is crisp and clean, colors begin to shift to golden hues of red and orange. It is just a wonderful time of year. If you are listing a home it is wise to keep the leaves clear of the walkways. Wet leaves are hazardous and may keep some people from looking at the home thoroughly. Keep the rain gutters clear of debris as well. Overflowing gutters are easy to fix but leave a negative impression on buyers. Here is a link to a great article on selling your home in the fall. One thing you will find in the article is a tip on keeping the home as bright as possible. Here in the Washington we have the double whammy as the year labors on. First, we get allot of cloud cover which makes homes darker inside during the day. Second we are well above 45 degrees of latitude and that means a low hanging sun for an even darker dark day. The bottom line is bright sells!

Source, Regional Multiple Listing Service
For buyers the time may be right now. As the activity slows down just a touch, the manic multiple offer scenarios will be a little less frequent. Rates are stable, for now, but the end of this year marks the end of several key federal programs that could create a dilemma for entry level buyers. Of course prices have been edging up as well, so buyers that wait will likely pay more. The home affordability index peaked in early 2012 and now is beginning to tighten up. The chart shows the index based on an NAR model. The value is the percentage of the mortgage on a median priced home that the median family income can support. As of June this year it was 167%. That means a family earning the median income in this area can afford 167% of the mortgage of the median priced home. This is still very affordable and frankly means that even families well below the median income can qualify for home at or near the median. Home affordability is more important than price since price is relative. If a house is $50,000 that is a low price, but if a buyer only qualifies for $45,000 than it is relatively expensive and out of reach. Keeping the affordability index at 100% or more is healthy for the market. we have a healthy market right now, so buyers should jump in and sellers should get ready to move.