Monday, April 28, 2014

What You Need to Know About the Latest Housing Numbers

Written by David Marine, Coldwell Banker Real Estate
Spring finally broke through at the end of last month, with the first official day of the season arriving on March 20 bringing hope of both warmer weather and a housing market heating up for the spring season.
According to the most recent existing-home sales report from the National Association of Realtors, fewer homes sold this past March than in March 2013. The report also found the price of homes that sold last month was about eight percent higher than it was for homes that sold in March 2013. Throughout the country, the median price of homes that sold in March was $198,500.
The number of homes on the market last month may have played a role in the amount and price of sales. Inventory at the end of March rose almost five percent when compared to March 2013. Even though there were more homes for sale, the report found that those homes sold about seven days faster last month than they did in March 2013. The median time on market for homes sold in March dropped to 55 days, down from 62 in March 2013. In total, more than one in three (37 percent) homes that sold in March were on the market for less than a month.
Of course, all real estate is local, so here is a breakdown of the median price of homes sold in each region of the U.S. during this past March, along with a home currently on the market at or near that price:
  • Northeast: $244,700
o    3 Bedroom, 2.5 Bath home in Hooksett, N.H.(1,720 sq. ft.) – Lot 36 Bell Ave
  • Midwest: $149,600
o   5 Bedroom, 2 Bath home in Wichita, Kan. (2,364 sq. ft.) – 5102 South Custer
  • South: $173,000
o   3 Bedroom, 2.5 Bath home in High Point, N.C. (2,150 sq. ft.) – 3934 Johnson Street
  • West:  $289,300
o   4 Bedroom, 2.5 Bath home in Graham, Wash. (2,800 sq. ft.) – 20408 95th Ave

Monday, April 14, 2014

5 Reasons You Should Care Who Sells Your Home

Selling your home is a big deal. Most people sell a house only a few times in their entire life, and they want it done right and through the right person. You might think real estate agents are all the same, but it’s important to consider why you should care who sells your home.  
Here are 5 reasons you should care who sells your home.

1.) This is Your Home
Whether you’ve lived there 2 years or 28 years, this is a place you called home. Take the time to find a good, honest real estate agent. You need a good person to help you find your home a good home.
Tip: Have a conversation with your potential real estate agent. Do they take the time to get to know you?

2.) Compassion
Selling your home can be an emotional process and you want someone who will understand that. Your real estate agent should take the time to explain things to you and answer any and all questions you may have.
Tip: Let your real estate agent know how you’re feeling. It will help him or her make the process as smooth as possible.

3.)  Marketing Strategy
Does your real estate agent know how to market a home and is willing to put in the time and effort to effectively market your home. A lot goes into selling a home. Are they going to fill you in on the marketing strategy?
Tip: Ask your real estate agent what their marketing strategy will be for selling your house.

4.) Open Communication
Ask your real estate agent the best way to communicate with them and how often they’ll communicate with you. How available will they be to you? And on the flip side, how available will you be to your real estate agent?
Tip: Remember your real estate agent has a life, too. If they say not to call them after 6pm on weekdays, it’s important to respect that and call them the following day.

5.) Honesty
You need someone who is honest. Someone who will tell you the challenges they may face selling your home and how they plan to overcome them. Or, if they believe you need to price your home higher or lower, they’ll carefully explain why so you understand.
Tip: You expect your real estate agent to be honest, so make sure you’re honest with him or her.

Visit our website to find any one of our Trusted Agents with the Right Tools for Smarter Decisions.

Tuesday, April 8, 2014

Coldwell Banker First Time Sellers Week Through April 11

Written by David Marine, Coldwell Banker Real Estate
Selling a home is a daunting task. There are so many details to cover, financial implications and of course the emotional stress involved with uprooting your life from one place to another. Often times it’s an exciting experience, but if you’ve never done it before there’s a lot to figure out.
That’s why this week through April 11, we at Coldwell Banker are dedicating an entire week of content for first time sellers. We will cover everything from what to expect during the process to clarifying some terminology you may not be familiar with to some basic tips from our expert agents across the globe.
We will have multiple posts on our Facebook page every day all about selling your home to hopefully make you more comfortable with the process. We hope you’ll join us next week for First Time Sellers Week and share with others who might be selling their home for the first time this year.

Thursday, April 3, 2014

Do You Have a Plan?

A Message From the Coach's Daughter, Jodi Tate

What did you accomplish first quarter 2014? Evaluate successes and challenges, stay focused and take action second quarter!  Making money and better still generating strong profit is critical to me in 2014.

I encourage everyone to do less better April - June. What is on your agenda this month, next month, etc...? Do you go through your day one meeting to the next without prioritizing?  A goal is something you want to achieve, while a priority is something completed. Are your priorities at the end of the day what you wanted?

I ask all these questions because we all want success but often do not have a plan. We also get comfortable when perhaps change would be beneficial.  Business leaders have to stay ahead of their business and their industry to have stellar success. Making hard decisions is part of that process.

Do you feel passionate about what you do? That comes across loud and clear to those around you! Do you need to revisit what drew you to your business to capture that excitement again?

All these questions revolve around a common theme. You must plan and prepare vigorously to reach success. No flying by the seat of your pants. You must embrace change to reach success. It is the one certainty we can count on. And finally, you must find joy in what you do to reach success. Without joy and gratitude, success means nothing!