Almost everyone knows that more home buyers are out during the Summer. It’s the peak season! The weather is warm. Kids are out of school for a couple of months so it makes sense to make a move during this time. But what about selling your home in Winter? If it’s necessary, what’s the best way to handle it?
This article gives you the top six strategies to sell your home this Winter. Take it from Louisville’s real estate expert, these are the big ones.
Let’s dig right in!
#1 Price at Fair Market Value
It’s always important to price the home appropriately at the very beginning of the listing period. This is even more important during Winter!
It’s no secret I’m a numbers geek. I believe if done correctly, stats tell us a great deal. So, I was quite surprised to see these results. Afer I collected all the data to determine the best month to sell your house I was blown away. Curious?
Ok, before we jump right in. A few things I’ve learned about home prices in my real estate career.
Back in 2006, I knew more homes sold during the Summer months but I thought home prices moved ever so slowly higher, month after month after month. That’s wrong. That’s very wrong.
By 2008, I now understood that these Summer months also returned greater home sale prices than even the months that followed that… same… year. Crazy, huh?
Today in 2017, I (finally) decided to crunch the numbers to get a better grasp on the best month to sell your house. Here’s my mantra that’s similar to Papa John’s. More data, better results. Let’s go!
Before I began this article, I thought the average prices would be very similar to a standard Bell curve.
Welcome! Home design trends aren’t always easy to spot. Some hang on for years then slowly fade away.
Other trends appear out of nowhere, so hot, then exit just as quickly. Then there are those interior design principles that are permanently good—they will never go out of style because they are simply so strong.
In this article, I’ll cover three types of trends. First, we’ll look at trends that are definitely IN! Next, we’ll hit a few that are out and not likely to return for some time.
Lastly, we’ll hit a few that are currently receiving mixed receptions. Some believe these are smokin’ hot trends while others disagree. Those will ultimately be up to you because, in the end, your home design is truly up to you.
Definitely IN Design Trends
Let’s jump right in! Here are 7 home design trends that are hot in 2017.
IN Trend #1: Mix Multiple Textures
One trick that great designers fully grasp is mixing multiple textures. Wood, metal, fabric, and stone can be combined in a myriad of ways. When done well, the result is spectacular.
Each year I update the data required to determine, where is the best bang for your buck in Louisville real estate. I began this practice back in 2014. I’ve added a couple new Louisville real estate areas to the mix but what has been most striking was the contrast between the most expensive areas and the best values.
Except, this year that’s not the case.
The most eye-popping thing this year is the huge increases we see in so many of these areas. Heck, 9 out of the 24 areas covered saw double-digit increases in the sold price per square foot. My goodness!
The trend started last year with increased home values across Louisville and has kept its strength into 2017. Average home appreciation according to government statistics typically runs about 4% for Louisville, Kentucky. Current numbers are blowing those averages out of the water.
The housing market is ever changing. Why would the twenty-tens be any different? I’m presenting these tips for millennial home buyers because due to your particular preferences and the speed of our real estate market, home buying today is a bigger challenge than a decade ago.
I hope these six tips will help you going forward. If you have any specific questions, I’m happy to help, please contact me.
Tip #1: Should You Even Buy?
The first tip, and most important, is whether you should even buy a home at all. Some should. Others shouldn’t. How can you tell?
So, you want to know how fast are homes selling in my area? Well, if you live here in Louisville, KY I can tell you. Otherwise, you’ll have to continue searching my friend.
Even better, I will give you more! I won’t just give you an easy-to-find, city wide metric. Nor will I used generalized terms like “blazingly fast” but instead, I’ll give you the up-to-the-minute raw data. Yeah, I’m pretty much a data nerd. 😉
But since I’m a nice nerd, I’ll give you this information first, for free. Secondly, I’ll also give it to you in picture form and then also the raw data. I aim to please.
Now that I’ve been in “the business” for almost a dozen years, I’ve learned a thing or two about what makes the most successful real estate agents. There are other factors as well, but these traits come first.
Get these down and you’re well on your way to real estate success!
Most real estate business is through word of mouth. True story. So, when someone asks their friend, “Do you know a good Realtor?” Only those that had great experiences with their trusted Realtor, will enthusiastically share that agent’s name.
What began as a simple experiment three years ago has now become a yearly obsession! I must complete this year’s version of the Choker’s Index at all costs! You know why? Because I need to be able to identify the teams that will wreck your brackets.
If you’re not familiar with the Choker’s Index, it’s a deep-dive into the data that surrounds which NCAA men’s basketball teams have a historical record of choking the big game and thusly… destroying your bracket. It’s heady stuff.
I hear you cry, “But this isn’t real estate? What’s going on Tre?!?”
During the course of 2016, there were 17,882 properties sold via our MLS system. 15,725 of these were your standard, single-family residences (SRF)… the rest fall under different structural varieties.
Out of this vast array of Louisville real estate properties, just 44 sold for $1,000,000 or more. 34 of these most expensive Louisville homes were SFRs, then 6 farms, 3 condos, and 1 controversial property finally sold via auction.
For this piece, let’s focus on the most incredible homes that traded hands last year. Who’s with me? Want to know which was the most expensive home sold in 2016? Here we go!
Thoughts come to me from all directions. No seriously, out of the ether. They also arrive at all times, even when I’m sleeping. I’ll dream of showing crazy homes to my clients or building a new house with my wife or practically anything.
The other day I thought, “I wonder if the Internet knows where most of the people who are living here in Kentucky came from?”
Sure enough, that information is out there, if you hunt for it.
Never fear, that hasn’t changed. What I’m about to share is what I’ve seen and heard throughout my career. The good news for you is that, once you’ve read this piece, you’ll be armed and dangerous. No more surprises for you, no sir.