Category Archives: Real Estate Advice & Tips

Money Monday: When to drop the list price

“You’ve listed your home for sale, and no one is taking the bait. One month passes, then two. How long do you wait before you increase the odds of an offer by dropping the price?

“According to a recent survey from blockchain-based real estate platform ShelterZoom, most American home sellers opt to reduce their asking price after three months of zero offers.” (“Most home sellers will wait this long before dropping their listing price”. https://www.housingwire.com/articles/49507-most-home-sellers-will-wait-this-long-before-dropping-their-listing-price)

How long would you wait? One way to hopefully avoid having to drop the list price is by pricing your home for sale correctly. Realtors know the local real estate market and can help you make a savvy decision. Ask me for help, if you’re in San Diego County and are thinking of listing your home for sale!

Money Monday: Renovate or sell?

It can be a toss-up — renovating your home or selling and moving to a new place.

home

What should you do? Forbes has some things to think about. And while this article is specific to New Yorkers, the questions to ponder are universal.

Read the article here: “Should You Stay Or Should You Go? Expert Tips On When To Renovate And When To Sell.”

Money Monday: Vacant homes are costly

Listing your home for sale? Don’t move out beforehand!

Vacant homes tend to both sell for less money, and spend more time on the market.

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: Understand credit score’s impact before buying a home

If you’re thinking of buying in the next few years, it pays to start thinking about — and building up — your credit score now.

mortgage rates and property taxes

Because having a mortgage is, for many people, the largest loan they attain. Read all of Forbes’ advice here: “Ready To Buy A Home? Understand The Impact Of Your Credit Score First.”

Money Monday: Staged homes sell best and bring more money

Selling your home? Stage it first!

In this culture of picture-perfect everything, staging a home (and taking quality photos) is the best way to attract attention to your abode for sell.

Money Monday: Check your improvement ROI

Before you do any home improvement projects, check out the return of investment — regardless of whether you’re planning on selling or just want to enjoy it for the moment!

Infographic from CAR.org.

Money Monday: DIY remodeling

In an effort to save money, some homeowners take on DIY projects, instead of hiring a professional.

But is it worth it?

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: Financially prepare for retirement by downsizing

“It makes financial sense to downsize your home as you prepare for retirement.”

retirement

“The move to a smaller home is a lifestyle and financial change all parents should weigh after their offspring are off on their own, personal finance pros say.

“One of the first things freshly minted empty nesters should do is “revisit their housing situation,” says Dana Anspach, founder and CEO of Sensible Money, an investment advisory firm in Scottsdale, Arizona.” (Yahoo Finance. https://finance.yahoo.com/news/makes-financial-sense-downsize-home-110102643.html)

Read more at Yahoo here: “It makes financial sense to downsize your home as you prepare for retirement. Here’s why.”