At a time when the housing market is struggling to recover, the slightest mortgage rate adjustment is scrutinized since even a minor rise stands to lessen the buying power of borrowers. In the most basic of terms, lower interest rates afford buyers more house for their money. Additionally, higher interest rates typically cause home prices to fall.
As many analysts predicted, the foreclosure trend that began in 2008 worsened sharply in 2009. Despite substantial government bailout, 2009 brought with it some of the highest residential foreclosure rates in history. While existing home prices followed foreclosures and fell dramatically, sales did bounce back slightly, due, in part, to the first time home buyer […]
Now that 2009 is behind us and we are on to 2010 I want to summarize what transpired in the Sarasota County real estate market the past year. There were a total of 8,084 properties sold the past year with 5,640 being single family homes and 2,444 being a condominium. The following table summarizes what […]
You may already know that the country is experiencing historically low interest rates, but have you taken the time to examine what this means for you as a potential home buyer?
Barbara Corcoran recently revealed a Top Ten List of the Best Real Estate Markets in the country on NBC’s Today Show. Topping the list at #1 was Sarasota—one of two Florida cities to earn a mention; the other was St. Petersburg.
You’ve probably already called the cable guy and arranged for your utilities to get hooked up before move-in day, but here are a few things that will help you settle into your new digs that you might not have thought of…
You’ve done your research, priced your home accordingly, and now you’re ready to show. With so many homes on the market, you’ll want to do anything you can to help yours stand out. Here are some tried and true (though sometimes overlooked) tips for presenting your home to potential buyers.
First, take stock of your furniture. Does it occupy more than 50% of a room? If so, consider storing or getting rid of it. Or, find a way to distribute it in other rooms, if suitable. If you are unsure about what this looks like, consider visiting a few model homes. It’s not for lack of budget that they are sparsely furnished; it’s so that you can visually assess the rooms and contemplate how you might furnish it with your things.
When it comes to showing your home to potential buyers, first impressions are extremely important. A buyer usually has a list of several homes to look at in one day. Ensuring that your home is in top shape from the inside out may give your property an edge over another. Here’s a checklist of things you can do to improve the curb appeal of your home and draw the eye of potential buyers, even from afar.
Here are 20 quick-start ideas to help you maintain and enhance the value of your home.
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michaelmoulton@michaelsaunders.com
Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228