Real Estate Information Archive

It’s awful to watch the remnants of the 2 hurricanes hit Houston & Florida. I hope that equal attention in relief efforts is being made. They are both catastrophic and both need donations to help them.

        So how do these hurricanes affect you and I. One, insurance for all of us will go up. The insurance companies will raise the rates across the board so the affected ones will not have as sharp of increases. Two, building supplies will become short and prices will increase. The amount of reconstruction is beyond comprehension and materials will need to come from everywhere. Factories are caught short and it will take months or years to catch it up. Therefore prices for lumber and all building materials will go up. Home prices will go up. New construction will be more expensive. This will trickle down into the resale market as demand continues. Another probable side effect is the folks in Houston and Florida will relocate to safer ground. Colorado and Colorado Springs saw this after Hurricane Katrina and I think we’ll see it again.

        In summary, these National disasters affect all of us, some more than others. I feel very grateful to live in Colorado. No hurricanes here!!!

Sincerely,

Brian

If you read all the headlines, every home that goes on the market is selling. That is not true. Many homes are still not selling because of many factors. So before the best-selling time winds down to an end, you might consider some of these ideas. If your home is not selling:

1. You could be overpriced! Many realtors and sellers thought any price will work. That simply is not true. If you have had 12 or more showings and no offers, Reduce! If you have had little or no showings, Reduce A lot.
2. How does your home show? Is it dirty and cluttered? Worse, does it smell? Stage your home and eliminate odors. Professionally clean it.
3. Do you meet the buyers at the door “to Show” your home. When you meet a buyer, they can’t get comfortable. Leave the house!!
4. You choose the wrong agent. Did you choose an agent because they were a friend or family? Did you choose the highest bidder on price? Or worse, Did you choose the lowest bidder on commission? Chose an agent based on a detailed analysis, a track record of sales and your feel for them. Make it a business decision.
5. Is your home simply in a bad price niche? There is a saying “Every home will sell at a price”. While that is mostly true, higher priced homes always take longer. The higher you go, the thinner the buying pool!

I hope my tips help. If you are having issues with your realtor, you will need to let them go before pursuing another one. Let us know if we can help you.

Thanks,

Brian