2022 was a year of the changing real estate market. At the end of the last month of the year, real estate bloggers continue to provide very important information.
The real estate market has changed significantly from a seller’s market to a buyer’s market. Top real estate bloggers share information about the market and how to stay competitive when buying or selling a home.
Tips for selling a house on the buyer’s market
With the recent interest rate hikes, the real estate market has turned into a buyer’s market. As a result, sellers adjust their sales strategies. Paul Sian has written an informative article, Tips for Selling a Home at a Buyers’ Market.
One of the most important considerations is proper pricing of the home. Sellers are still trying to hold on to the previous market, thinking they can ask for an unrealistic listing price. He also talks about quality screenings.
The house must be in tip top condition and ensure any deferred maintenance is addressed. This is a very timely article about this buyers market.
Tips for first-time home sellers
Selling your home can be challenging and it is important to understand the home selling process. One of the most important factors to consider is the time of year you are listing your home for sale.
Bill Gassett has written an excellent article for first time home sellers. Cooperation with a real estate agent who is familiar with the area and has an excellent marketing plan is also essential.
Sellers also need to understand the difference between Listing Agents and Buyers Agents. Sellers must remain objective and recognize that selling a home is a business, not a personal sale. This is an essential article for any seller preparing to sell their home.
What are real estate tax assessments?
When you buy a home for the first time, you quickly learn about property taxes. Everyone has to pay their fair share. Local communities need revenue to keep the city or municipality running smoothly.
The provision of good schools and the maintenance of roads are two significant expenses covered by the property tax notices. The taxes that homeowners pay are based on the local tax rate and the appraised value of the home. These two variables determine exactly what you pay.
Sometimes the taxes you pay don’t seem fair compared to your neighbors. In this case you must file an objection.
Staging your home before selling it
If you are considering a sale, it is advisable to prepare your house for the sale and to stage it for an optimal presentation. Sharon Paxson wrote 8 simple steps to stage your home for maximum appeal. In the article you will find step-by-step recommendations for tastefully staging your home. It’s a good idea to go for neutral colors when choosing a paint color.
Their choice of color and decor invites the majority of apartment seekers. A staged home will present itself well online and in person.
Property Risks: The New Hot Topic
The real estate market has undergone a 180 degree shift. Real estate prices are falling, interest rates have increased and buyers make offers for real estate again, but they again contain eventualities.
Buyers are again demanding financing, a valuation, a home inspection and verification of documents, including HOA.
Homebuyers should include realistic contingencies in their listings. Vicki Moore has put together an excellent article about property risks. She has included resources from other respected real estate bloggers in her article.
Buyers should not forgo contingencies and buy a home as is. And with this market shift, sellers are now accepting realistic offers with contingencies.
Frequent relocation frauds and ways to avoid them
There are fraud out there, and if you consider moving, you should avoid frauds at all costs. Luke Skar wrote about frequent moving frauds and opportunities to avoid them.
If you commission moving companies, you will receive a cost estimate, pack your things and move to your new location. There may be additional costs afterwards, so it’s a good idea to be aware of hidden costs.
Hire a reputable company that will use their company name when answering the phone. If it’s too good to be true, it probably is. Very low prices can be a sign of fraud. Movers can hold on to your belongings and hold you hostage.
Decorate your first home
Michelle Gibson wrote an excellent article about the decoration of her first home. In the article, she recommends using a measuring tape to measure the size exactly. In this way, furniture can be selected that fit into the room.
If you can get a floor plan, it’s an excellent way to determine the layout of the home. You want to choose tasteful furnishings and accessories that bring you joy. Be sure to consider functionality, especially in a work office. You might want to buy a standing desk or an adjustable desk.
Selling a house with solar panels
Kevin Vitali wrote a very informative article about the sale of a house with solar modules. Many homeowners think that the installation of solar modules is an excellent idea to save money from the electricity bills. But not every home buyer wants solar modules.
There may be a lease agreement with the solar company that would be transferred to the new buyer. By purchasing a solar system, you save on electricity costs. A typical installation costs $20,000 to $30,000. However, a seller is unlikely to get back the amount invested.
Social media marketing for rental properties
As with any other marketing measure, it is important to use social media for more presence in renting rental objects. Social ways can draw more attention to their real estate. Check out some of the best social media marketing methods for your rental properties, including Airbnb.
Options for replacing a roof
When it comes time to replace your roof, there are several excellent options. Over at the Rochester Real Estate Blog, you’ll see five great roof replacement options worth considering. Everyone knows asphalt shingles, but there are others that they may also want to think about.
We hope that they liked the real estate article on this month and that they found them informative. We will continue to provide information about the changing real estate market and how to prepare for a purchase or sale. Have a wonderful holiday season.
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About the author: The article “Top real estate item for December 2022” was written by Sharon Paxson, a top real estate agent in Newport Beach. With experience since 2005 in the representation of buyers, sellers and landlords, we welcome the opportunity to share our specialist knowledge with you and to guide you through your real estate transaction.