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April
8

Questions Sellers Are Afraid To Ask Agents

Thinking About Questions to Ask When Selling Your Home

Selling a home is filled with complexities that can be difficult to navigate, especially when going through the process for the first time. As a seller, you should always remember no question is stupid. Asking as many questions as possible can help you avoid costly mistakes, and your real estate agent is there to help educate you about the process.

To help put clients at ease, here is a quick list of common real estate questions sellers are often too afraid to ask:

  • How Are Real Estate Agents Paid?
    Your real estate agent will do a lot of work upfront to help you sell your home and maximize your sale price. However, real estate agents are not paid upfront or hourly. They also do not receive a salary. A real estate agent is only paid when your home sells, and they receive a percentage of the home sale as a commission.

    Typically, the buyer's agent and the seller's agent both receive 3% of the sale price, and that commission is usually paid by the seller. Many times, real estate agents then split a portion of their commission with their broker as well.

  • Do I Have To Relocate My Pets While My Home Is On The Market?
    Pets come with so much joy, but they can occasionally make the selling process a bit inconvenient. While many people love cats and dogs, some people do not. While relocating your pets may not be feasible, you should make every attempt to eliminate pet odors and put away toys or accessories. You don't want visitors tripping over dog bowls when touring your listing!

  • Do I Need Listing Photos?
    Staging your home and taking listing photos can be a bit inconvenient at times for sellers. It can be difficult to live in a staged home, and keeping things pristine at all times can be a lot of work. However, listing photos are essential for attracting buyers to your property. Most home shoppers browse listings online, so listing photos have never been more important. The manner in which you stage your home combined with your listing photos can have a major impact on your sale price.

  • Can I Leave Something Out Of The Sale?
    While buyers typically don't expect sellers to leave furniture, they do expect buyers to leave most appliances. As a seller, it's your right to exclude anything you'd like from the home sale, but you must disclose what's not included upfront. Your real estate agent will usually add notes to the MLS listing. Just keep in mind excluding major appliances, lighting fixtures, or anything else can negatively impact your listing and sale price.

  • Can I Decorate For The Holidays?
    While agents usually advise clients to keep decorations to a minimum, decorating for the holidays is perfectly acceptable. Just do so tastefully and don't go overboard. Too many lights or decorations can be distracting.

Selling your home can be a fast-paced, complicated process, and you're sure to have tons of questions along the way. Even if something might seem obvious, don't hesitate to double-check with your agent. Your agent's job is to make your home sale as smooth as possible. If you're looking to sell a home, let's connect!

April
2

Seller Regrets: Are You Making These Mistakes?

Home Seller Mistakes to Avoid

Hindsight is 20/20, especially when it comes to selling your home. There is a lot of pressure involved in a home sale, and it's very common for sellers to look back and wish they did things a bit differently. Every stage of the selling process plays a large role in determining your final sale price, and simple mistakes can ultimately cost you thousands in the end. 

The good news is most real estate agents have extensive experience working through the challenges of a home sale and can help you avoid costly errors. If you're planning to sell your home this year and want to get the best return, be careful to avoid these mistakes:

  • Not Preparing The Property
    In the months and weeks leading up to listing your home, taking the time to prepare your property for the upcoming sale makes all the difference. Small repairs, painting, and decluttering are all important pieces. You'll also need to work closely with your real estate agent in order to effectively stage the property. Remember, the most you can make buyers fall in love with your property, the more likely you are to achieve a good sale price.

  • Pricing Too High
    In a hot market, it can be especially tempting to set the bar high as a starting point. However, even if sellers are desperate many will be reluctant to pay far more than the appraised value. Starting out at a high selling point may ultimately put you in a position where you need to lower your asking price, which may lead buyers to wonder if there is a problem with the property.

  • Making Things Perfect
    Small repairs, painting, and cleaning are all important, but it's important not to spend all of your energy making things absolutely perfect. Things just need to be good enough to impress the buyer. While investing in upgrades and new appliances can help boost your sale price, it is possible to reach a point of diminishing returns. Your real estate agent should be able to guide you through the appropriate improvements.

  • Taking Poor Listing Photos
    Your property's online listing is the key to garnering buyer attention. Almost every buyer starts the shopping process online, so your listing photos are your best shot at making a good first impression. Work with your agent to take attractive listing photos after your home has been properly staged. The better your photos, the more foot traffic your listing is likely to see.

  • Not Using An Agent
    Most seller's agents make around 3% of the overall sale price in commission, so some sellers think they can save a great deal by selling their homes independently. While it is possible to do, it's not recommended unless you have a great deal of experience. Real estate agents perform numerous tasks that help to attract buyers and to generate the highest possible sale price. While you may save on commission, there's a good chance you won't maximize your sale price without an agent's help.

It's easy to make mistakes when selling a house, but by doing your homework ahead of time, you can avoid these common pitfalls.

March
14

This Spring Presents Sellers with a Golden Opportunity

This Spring Presents Sellers with a Golden Opportunity | MyKCM

If you're thinking of selling your house this year, timing is crucial. After all, you'll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one.

If that's the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity.

1. The Number of Homes on the Market Is Still Low

Today's limited supply of houses for sale is putting sellers in the driver's seat. There are far more buyers in the market today than there are homes available. That means purchasers are eagerly waiting for your house.

Listing your house now makes it the center of attention. And if you work with a real estate professional to price your house correctly, you can expect it to sell quickly and likely get multiple strong offers this season.

2. Your Equity Is Growing in Record Amounts

According to the most recent Homeowner Equity Insight report from CoreLogic, homeowners are sitting on record amounts of equity thanks to recent home price appreciation. The report finds that the average homeowner has gained $55,300 in equity over the past year.

That much equity can open doors for you to make a move. If you've been holding off on selling because you're worried about how rising prices will impact your next home search, rest assured your equity can help fuel your move. It may be just what you need to cover a large portion – if not all – of the down payment on your next home.

3. Mortgage Rates Are Increasing

While it's true mortgage rates have already been climbing this year, current mortgage rates are still below what they've been in recent decades. In the 2000s, the average mortgage rate was 6.27%. In the 1990s, the average rate was 8.12%.

For context, the current average 30-year fixed mortgage rate, according to Freddie Mac, is 3.85%. And while recent global uncertainty caused rates to dip slightly in the near-term, experts project rates will rise in the months ahead. Doug Duncan, Senior Vice President and Chief Economist at Fannie Maesays:

"For homebuyers, we believe that borrowing costs will likely rise with the increase in mortgage rates...."

When that happens, it'll cost you more to purchase your next home. That's why it's important to act now if you're ready to sell. Work with a trusted advisor to kickstart the process so you can take key steps to making your next purchase before rates climb further.

4. Home Prices Are Climbing Too

Home prices have been skyrocketing in recent years because of the imbalance of supply and demand. And as long as that imbalance continues, so will the rise in home values.

What does that mean for you? If you're selling so you can move into the home of your dreams or downsize into something that better suits your current needs, you have an opportunity to get ahead of the curve by leveraging your growing equity and purchasing your next home before prices climb higher.

And, once you make your purchase, you can find peace of mind in knowing ongoing home price appreciation is growing the value of your new investment.

Bottom Line

If you want to win when you sell and when you buy, this spring could be your golden opportunity. Let's connect so you have the insights you need to take advantage of today's incredible sellers' market.

November
19

Seller Regrets: Are You Making These Mistakes?

Hindsight is 20/20, especially when it comes to selling your home. There is a lot of pressure involved in a home sale, and it's very common for sellers to look back and wish they did things a bit differently. Every stage of the selling process plays a large role in determining your final sale price, and simple mistakes can ultimately cost you thousands in the end. 

The good news is most real estate agents have extensive experience working through the challenges of a home sale and can help you avoid costly errors. If you're planning to sell your home this year and want to get the best return, be careful to avoid these mistakes:

  • Not Preparing The Property
    In the months and weeks leading up to listing your home, taking the time to prepare your property for the upcoming sale makes all the difference. Small repairs, painting, and decluttering are all important pieces. You'll also need to work closely with your real estate agent in order to effectively stage the property. Remember, the most you can make buyers fall in love with your property, the more likely you are to achieve a good sale price.

  • Pricing Too High
    In a hot market, it can be especially tempting to set the bar high as a starting point. However, even if sellers are desperate many will be reluctant to pay far more than the appraised value. Starting out at a high selling point may ultimately put you in a position where you need to lower your asking price, which may lead buyers to wonder if there is a problem with the property.

  • Making Things Perfect
    Small repairs, painting, and cleaning are all important, but it's important not to spend all of your energy making things absolutely perfect. Things just need to be good enough to impress the buyer. While investing in upgrades and new appliances can help boost your sale price, it is possible to reach a point of diminishing returns. Your real estate agent should be able to guide you through the appropriate improvements.

  • Taking Poor Listing Photos
    Your property's online listing is the key to garnering buyer attention. Almost every buyer starts the shopping process online, so your listing photos are your best shot at making a good first impression. Work with your agent to take attractive listing photos after your home has been properly staged. The better your photos, the more foot traffic your listing is likely to see.

  • Not Using An Agent
    Most seller's agents make around 3% of the overall sale price in commission, so some sellers think they can save a great deal by selling their homes independently. While it is possible to do, it's not recommended unless you have a great deal of experience. Real estate agents perform numerous tasks that help to attract buyers and to generate the highest possible sale price. While you may save on commission, there's a good chance you won't maximize your sale price without an agent's help.

It's easy to make mistakes when selling a house, but by doing your homework ahead of time, you can avoid these common pitfalls. If you are ready to sell your home, let's connect to ensure you don't make these common mistakes!

August
13

Sellers Are in a Sweet Spot [INFOGRAPHIC]

Sellers Are in a Sweet Spot [INFOGRAPHIC] | MyKCM

Some Highlights

  • In today's sellers' market, you're set up to win big when you list your house.
  • That's because homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you'll also win by addressing your changing needs and taking advantage of near historic-low mortgage rates.
  • If you're ready to make a move, let's connect so you can capitalize on today's market and find your next dream home.

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