Why selling your home yourself is a BAD idea

submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

Probably for the same reason they say that attorneys who represent themselves have fools for clients – and attorneys are educated about the process and presumably, understand the law! Below are some reasons that becoming a “For Sale By Owner” may not be the best idea:

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Expect growth in the housing market

submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

Momentum in the housing market is expected to continue into 2015, driven by low interest rates, tightened inventory, declining foreclosures, normalizing price appreciation and an improving economy. Nationally, new home sales have lagged behind the recovery, with barely an increase over 2013 and the share of first time homebuyers fell to the lowest level in over 20 years, according to the National Association of Realtors. This is largely due to the decrease in homes for sale and tightening lender standards, which are expected to ease ever-so-slightly this year.

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Some common seller positions when selling and why you shouldn’t take them

submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

  • “I need my house to sell for “X” so I can get into my next home.” Unfortunately, no one but you cares. Harsh, but think about it – would YOU pay more than market value to help out a seller you don’t even know? Enough said.
  • “I have “X” into this house and need it to sell for “Y.” See #1. While it’s true that you get a portion of some improvements back, it doesn’t hold true for basic, maintenance items, if you’ve over-improved for the neighborhood, or if you’ve customized the home and narrowed the appeal.

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Bucks County real estate market update

submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

Just like the weather, the real estate market is local, and national and regional statistics don’t always tell you the full story of what’s happening right here in Bucks County. Many factors influence how the market is trending, including consumer sentiment and confidence, jobs and the local economy. The statistics for year-to-date and year-over-year are very encouraging for Bucks County and it seems apparent that the positive trend will slowly continue.

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Emotional ‘traps’ of selling a home

submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

“Follow your focus, not your feelings” is a great mantra, both in life and when selling your home. If you avoid these common emotional “traps” and keep the big picture of why you’re selling in mind, you’ll have a much easier time of it.

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The reality of a dream home

submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

Everyone has their idea of a “dream” home. The problem occurs when it has no basis in reality. Budget constraints, differing priorities, limited inventory and unrealistic expectations can all influence the home buying experience. While buying a new home is never without its stressors, there ARE steps you can take to make sure your experience is as fun as it should be.

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Separating fact from fiction when preparing your home for sale

submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

It seems that everyone from HGTV to Aunt Betty to your mother-in-law has advice about what you should and shouldn’t do when preparing your home for sale. Here’s a closer look at what’s true and what’s not:

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Setting the price when selling your home

submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

Price and exposure are the two key factors in getting your home sold regardless of the type of market we’re in, and price accounts for 80% of that equation.

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Why move-up buyers should sell NOW

submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

Do you store your cereal in the oven? Are you having difficulty shoving ONE MORE THING under the bed? Do you live out of your hamper because there’s no place to put away the clean clothes? If the police were called to your home, would they think it had been ransacked because your stuff is all over?

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