When Do Most Real Estate Closings Occur?

The most common days for real estate closings are Fridays and the last working day of the month.

Here were the most popular days in 2014:

•June 30th (Monday)

•May 30th (Friday)

•August 29th (Friday)

•April 30th (Wednesday)

•July 31st (Thursday)

As you can see from the list, the spring and summer months are the most popular.

Source: National Association of REALTORS®

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Think Again Before Selling Your Own Home

Using an agent can net you 13% more studies have shown: FSBO $208K versus agent assisted $235K.

How do buyers look for a house: 88% search on-line, 21% newspaper ads.

How do buyers find the house they buy: 43% on-line, 9% yard sign, 1% newspaper.

Here are the people that you’ll have to negotiate with to sell your house: the buyer, the buyer’s agent, the buyer’s lender, the inspection company, the appraiser, the title company, plus possibly others.

Before you decide to take on the challenges of selling your house on your own, sit down with a real estate professional to see what they have to offer you.

Source: Keeping Matters Current

 

 

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Tips for Selling Your Home

Don’t overprice – This will only lead to disappointment and your house will get “market worn”.

Take care of needed renovations – In today’s market most buyers are looking for a move-in ready home and not a fixer upper.

Make sure general maintenance is done – Taking care of the details will help your home to shine and stand out from the crowd.

Remove the clutter – Pick-up and clean-up. You want your home to have a clean and spacious feel for the prospective buyers.

Leave for showings – Buyers will feel more comfortable looking at your home if your not around, plus you will not be put on the spot with questions that you might handle differently if asked through your agent.

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Why Do Americans Buy a Home?

• Having a good place to raise children and provide them a good education.

• Having a physical structure where you and your family can feel safe.

• It allows you to have more space for your family.

• It give you more control over what you do with your living space.

• Owning a home is a good way to build wealth that can be passed along to your family.

Source: Keeping  Current Matters

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10 Tips for Staging Your Home

•Remove the clutter – put small things away
•Brighten areas up with light – open drapes and blinds, add lighting
•Re-purpose rooms – add some new furniture and paint
•Vary wall hangings – try different groupings
•Bring nature inside – add plants and fresh cut flowers
•Group in threes – odd numbers are preferred when grouping accessories
•Give areas a face lift – add new counter tops or cabinet doors if dated
•Add some color – paint with warm tans, honeys and soft blue-greens
•Beware of layout – pay close attention to the traffic flow of each room
•Clean – this is the cheapest and easiest way to improve the look of your home

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More People are Entering the Real Estate Field

The number of applications for real estate licenses is up in many areas of the country due to the improving real estate market. The National Association of REALTORS® added 42,000 agents in 2013, which marked the first increase in about seven years.

If your are considering a career in real estate or are looking to return to the business, then click on the link below to find out more about Ferguson Realtors and what we can offer you to make your real estate career a success.

http://www.topofknox.com/visual-marketing/

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Regrets of the First-time Home Buyer

  • 62% outgrew their homes quickly and wished they had purchased a larger home
  • 40% feel they paid too much or should of put more down
  • 38% were surprised by how much it costs to maintain a home
  • 34% wished they had negotiated more or found a better mortgage rate
  • 25% found out after moving in that they didn’t like the neighborhood
  • 24% have regrets related to their yard
  • 17% dislike their parking situation

Source: HouseHunt.com

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10 Questions Home Buyers Need to Answer

You can make the home buying process go much smoother for yourself and your agent if you can answer these 10 questions in the beginning:

  • Why buy and why buy now
  • Are you working with a lender
  • How many houses have you looked at already
  • How do you prefer to be contacted
  • What if we found the perfect house tomorrow
  • What are your three favorite neighborhoods
  • What is your favorite room in the house
  • How important is outdoor/garage space
  • How long do you think that you’ll live in the house that you buy
  • What is a deal breaker for you
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