We love marketing homes! Why? Because this is where strategy and creativity come together. Marketing stretches us, as a team, to keep up with the latest trends and to continually add, change and perfect the customized marketing strategy employed for each one of our listings. This is really fun stuff and we take marketing seriously, as this is how we have been able to net our clients more money than the average agent in our market year after year. Here are a few ways momentum marketing helps you as a seller:
Many of our clients call us each year asking about small to large projects that they are considering in their homes. A bathroom remodel, a basement finish, a kitchen “face lift…” All kinds of ideas. Often, we can advise over the phone, because we sold them the house and remember the spaces; yet many times this requires a visit. We are happy to help, as this is part of our “Realtor for life” opportunity and we simply love to be involved in helping our clients and prospective clients to discern the best route in home focused decision making.
Often, this conversation turns to something like this: “Well, we have always thought that a different floor plan would fit us better, so would it be better to just move?” And guess what the answer is? Sometimes yes and sometimes no. Of course! When deciding to move, there are a few considerations we discuss.
We talk to a lot of buyers and sellers each year and the home warranty discussion often comes up. Do you need or want a home warranty on your house? Is this a good use of funds as a seller?
As a buyer?
Let’s talk sellers first. As a seller, if you do a mental scan of your home, especially the major mechanicals and appliances, and you are thinking, “you know, my mechanicals and appliances are starting to get old, yet I don’t think they necessarily need to be replaced yet,” you might like to add a home warranty to the marketing of your listing. This can help buyers to overlook the older systems, as they are assured tat if anything fails in the first year, they are not all on their own to replace these high ticket items.
What about buyers? As a buyer, you may want to wait until your inspection is complete to make this determination. If it seems that one or more appliance is on its “last leg,” or the furnace is pretty old and you would like to avoid handling the entire cost of repair or replacement in your first year of ownership, you might consider adding a home warranty or having us negotiate for the seller to purchase one.
Home warranties can take a lot of the anxiety out of the transfer of a property to a new owner (for both buyer and seller), yet you will want to be sure you choose the company that is right for you and the coverage that fits your home’s needs. Also, note that many of them do not cover every issue that each system or appliance may have and most do not cover preexisting conditions. If you would like to discuss home warranties in further detail, we are happy to help and can point you to a few companies our clients have used in the past!
Join us as we visit “In Bloom” at the Keg and Case market in St. Paul. We show you why it has been awarded the best new restaurant in St Paul by so many!
Have you been to In Bloom? We would love to hear what you thought about it below.
What is happening in the Twin Cities real estate market in May 2019? Check out the stats on where we’re at and what it means to you this month.
We have lots of clients calling us this month to ask us about timing their move from their starter home to a more spacious abode. Here are some of the points we are discussing, as we advise based on current market conditions:
So… do you happen to know a friend or family member, maybe a son or a daughter, who is looking to be a homeowner AND investor? As we know, real estate investment properties represent an amazing opportunity to create passive income. Yet, this opportunity once seemed unreachable for those who were just starting out or those who don’t have a 25% down payment. I am here to tell you: “opportunity knocks!”
Did you know that there are loan programs that allow owner-occupied buyers to purchase a duplex for as low as 3% down? A triplex or 4-plex for 5% down? What an incredible way to jump into homeownership! This option allows buyers to live in one unit and collect rent on the rest, thereby significantly offsetting the total cost of ownership.
Who do you know that might benefit from learning about this type of opportunity? Just a note; there are income restrictions on these programs, as they are meant to help those who are not (yet) millionaire investors. We are looking for newbies that are interested in investing by “dipping a toe” before taking any leaps into single unit investing. It never hurts to inquire, so call us today and we can help you figure out if this is the right opportunity for you!
Many of our clients are calling us early this year, as they are getting the “itch” to get moving on moving (did you get that?). Good move! As we start a new year and look at some of the changes in our market, I have been encouraging our clients to start planning now, so we can make sure they are educated and that they have a plan in place for that moment when they finally realize-It IS Time! So, what is going on in the market and how does it affect you?
As you have likely noticed, interest rates have crept up slightly from last year, and are hovering around that 5% mark. This is still being regulated by the Fed slightly, and we really should be up closer to around 6%. Will 6% happen this year? No one can say for certain, yet I would say that if you know your move is inevitable, we should get together and start planning sooner than later, as a 1% rate hike can certainly affect affordability in every price range (unless you have cash, of course!).
What about inventory?
Well, as we look at our stats that wrapped up 2018, we notice a few things. First off, our months supply is still a lowly 2.1 months of inventory overall. This is down 8.7% from the previous year. Remember, a balanced market is around 6 months of inventory, so it is still a great time for sellers.
Never fear, buyers! We are seeing more inventory, in most of our price ranges and areas, coming onto the market this winter. We should see more houses for you to choose from, if you are looking to make a move. Homes for sale is slightly down overall, yet in some of our mid to higher price ranges (think $300,000 and up), we have seen a 10.5% increase in listings. Good news, as this market shifts into 2019.
Overall, we are noticing a slight shift in the market, yet the outlook for 2019 is a positive one for those with a move on their radar. Every area within the Twin Cities is slightly different where these trends are concerned, so if you would like a more in depth look at YOUR area, we would love to share it with you. Give a call, shoot us a text or an email and we would be happy to spend some time with you discovering the best strategy around your plans this year!
Christmas time can be busy and full of frantic shopping, party planning and just plain “too much to do and not enough time to do it!” Well, if your shopping this year includes shopping for houses or shopping for staging ideas to prepare your house for sale, we have got a gift for YOU!
We has tons of resources right here on our website for you to get expert advice on nearly every step of selling and buying homes. You can watch our videos and shop for homes from the comfort of your coziest sofa right at home! Here are just some of the topics you will find:
Also, you have the great opportunity of being our best ambassadors-YOU have friends who are planning to make a move in 2019. Would these resources help them? Are they looking for an expert team of Realtors to help? Sent them a text that says SadatSells.com and get them connected. We appreciate your connections and we can’t thank you enough for your referrals and your support! Merry Christmas to YOU!
I was recently in a class that centered on mindset and personal growth, and we go onto the topic of Gratitude. Did you know that studies have been done on gratitude and how it affects a person in their daily life? One study actually found that if you write down 5 things you are grateful every morning when you wake up, that your brain will start to naturally scan the world for things to be grateful for?
A couple of examples:
Considering the craziness all around us, and the busyness of life, we can all benefit from scanning the world for ways to be grateful. If you made those calls (I hope you did!), I am sure you are feeling the “warm and fuzzy” of what you thought might be an awkward conversation that perhaps ended in happy tears or heartwarming conversations around gratitude. Blessings to you this holiday season; I am grateful for YOU!
Welcome to our blog. We hope to be able to provide you with some valuable resources about selling and buying a home in the Twin Cities. We may also include a favorite recipe of ours from time to time, so check back often.