That is the question I get asked the most lately. The answer depends on what the person asking the question needs. If the question is asked because someone wants to buy a house at a real steal, then I have to let them know that no one will know when the market bottoms out until the prices start going up again. In some areas, that is already happening. The second factor dealing with that question deals with where the person wants to buy a house. In certain areas house prices are higher than you would think. Also, some types of housing are selling faster than others. It also depends on the price range. First time home buyers are still getting good deals but the houses they are buying are for the most part, selling like hot cakes. So if you were to ask me in general when is the best time to buy a house, actually, most of the time, my answer will turn out to be, all things considered, with interest rates low and prices low, the time to buy is NOW!
Everyone is anxious for the ice to be off the lake. We live in an area where we get cabin fever at this time of the year and we just can’t wait for one of the first signs of spring; the ice totally melting off the lake.
Many people try to predict the exact date, people have “Ice Off” parties, and the winter blaas just seem to melt away along with the ice!
So I’m starting my taxes and it’s a little overwhelming. When you have your own business, and when you are your own business, it seems to take a long time to go through all the paperwork to get your taxes to the accountant. I think I will just go take a nap!
If you want to move off the lake, it is easier to just move yourself, not your house too!
The phone is starting to ring again. For a few months, I felt like the Matag repair man. I couldn’t figure out why my phone wasn’t ringing. Were there no sellers or buyers out there that needed my help? I just couldn’t figure it out. Then, last month, my phone started to ring again. Sellers were talking about wanting to listen to me about price. Buyers were thinking the bottom was here, or at least near, and they wanted in. I am “back in the saddle again.” Yea!! Spring has indeed Sprung!!
Are you comfortable with the size of your house? I am just wondering because I have listed a beautiful house on Lake Minnetonka, close to Wayzata, Minnesota and last weekend I showed it to a nice family. They were concerned because the house was a little bit smaller than the one they live in now. They weren’t sure if they would be comfortable with less space. I have dealt with so many buyers who think they know just how many square feet they want in their new house. They know that their present house is too small or too big. But sometimes they find the perfect house, that has the pool, the big deck, but it is much smaller or bigger than they predicted they wanted. They move in and discover the house to be cozy, if it’s smaller, or provides more privacy, if it’s bigger.
But then, I wonder if anyone ever moves into their house and declares, “this is not right. I want to return it for another size.”
Do you know that I am fascinated with the history of Lake Minnetonka? Well I am. I love the old stories so much I made a video about them.
This is my video called “Lake Lore.” You can only see it here!
And youtube. And google video, and I will send you a copy of the dvd if you really want one. Anyway, enjoy my first crack at movie-making skills right here! Drum roll please…..
This is exciting isn’t it? “And now, presenting…
Raising the Bar in Real Estate
What do you do when you think your house is worth more than what the Realtor tells you? What should you do? The answer is, listen, discuss, and then realize the comparable solds your realtor has shown you will dictate how much your house will sell for. Most people in today’s market think their house is worth more than any other simular house in the area. The market statistics are always right. So listen to your realtor, please. They will inform you of a very acurate range within which your house will sell. Besides, the buyer’s mortgage company will conduct an appraisal. If the property doesn’t appraise at least at the agreed upon price, there are a couple options for the buyers, one of which is to take a walk! You may as well listen to the Realtor to begin with.
So what have you learned so far about selling a house?
1. Stage it, and perhaps put some money into a few improvements.
2. Price it right. Don’t overprice in this market, or your house won’t sell.
Raising the Bar in Real Estate