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Tamara's Blog

By Tamara Williams | Agent in Bozeman, MT
  • Real Estate Markets Seeing a Boost From Good News

    Posted Under: Home Selling in Bozeman  |  July 11, 2012 7:57 PM  |  34 views  |  No comments

    Home builder confidence has hit a five-year high, while housing affordability has seldom seen better days.  

    Buyers are in a position to buy, and as job markets continue to improve, Buyers have more to spend, and they can capitalize on today’s housing affordability.

    Builder confidence surged points from a slight slump in April, to 29 on a scale of 100, the NAHB reported today. The jump is established by improved buyer traffic and amplified home sales, as reported by home builders.

    The latest Housing Affordability Index validates the perspective that market conditions are potentially as friendly to home Buyers as they have ever been. The index, which measures affordability based on the relationship between median home cost, median relative income and average mortgage rates of interest, broke the 200 mark for the first time since record keeping began in 1970, NAR announced today.

    The excellent news is home sales are rising, overall activity is expected to be notably better this year!

    For more information visit
    www.BuyBozemanHomes.com

  • Why Is My Home Not Being Shown?

    Posted Under: Market Conditions in Bozeman, Home Selling in Bozeman  |  July 11, 2012 7:51 PM  |  56 views  |  No comments

    There are usually several reasons why your home that is listed for sale is not being show, and we will first start with the price.  If you are not getting activity check your price and compare it to active and pending homes sales in the area.  Active and pending homes do not necessarily determine the price your home will sell at, but they will give you a good idea where you need to price your home in order to get it sold.

     

    How is the overall presentation of your home?  This is one of those moments where inviting your on-line over to give your the no frills truth comes in handy, or just contact a friendly Realtor.

     

    If your home is in need of exterior maintenance, interior maintenance, and de-cluttering, it’s time to get busy.  The maintenance you complete does not have to be big; it can be painting your front door, pressure washing your driveway, weeding your garden, or washing your windows.  All of which should be done before your home ever comes on the market.

     

    How to get your home shown and sold:

    1.) Check your price against active, pending and sold homes. – Overpricing your home will only help the competition sell faster!

    2.) Maintain your lawn – The exterior presentation draws in Buyers.

    3.) Paint any scuff marks on your home – Deferred maintenance chases away many Buyers.

    4.) Wash your windows – Why you ask? Because your kids need chores!

    5.) De-clutter your home – Buyers try to envision themselves in your home, if they can’t see past your clutter they are less likely to buy.

    6.) Remove all family photos – There are many reason’s so just trust your Realtor!

    7.) Remove large obstructive furniture – Too much large furniture can make even a big home feel small.

    8.) Kitchen counter tops should be almost cleared – This is a must for everyone, but it’s especially important if you have limited counter space.

    9.) Books should be stowed

    10.) House should be ready for showings, and showings should be accepted even when it’s inconvenient.  If you don’t go out of your way to show your home, Buyers, and Agents won’t think you are serious. – Agents and Buyers alike will not reschedule their entire tour just for you, sorry….

    11.) Ask your agent what they are doing to sell your home, if your home is not online ask why because over 90% of Buyers start their home search online.

     

    If you have additional questions please feel free to contact me.  I would be more than happy to give you free advice at no obligation.

  • Selling Your Home- Pros and Cons of a Low Ball Offer

    Posted Under: Home Selling in Bozeman  |  April 26, 2011 12:27 PM  |  108 views  |  No comments

    When you receive that low ball offer on your home the first thing that comes to mind is "How Dare You." Then you start thinking "I am going to come back at more than asking price to show them."  After you have cooled your head send back a realistic asking price (please). The buyer may just come back with a counter that contains a "workable" price and this is where you need to sit-down.  


    There are two ways to look at this problem, and the first is do you really have to sell?  If you do not have to sell then stick with your price. If your agent is guiding to lower your price this may be time to take your home off the market, as it may be difficult to find a ready willing and able buyer to purchase your home.


    The other way to look at this problem is make a list of the pros and cons of taking less than what you are willing.  Do you want to move to a different part of town?  Is your home starting to scratch away at your savings or retirement?  I have seen deals almost fail a mere $10,000 dollars a part, and I asked my seller how is this going to affect you if you do not sell?  Can you afford it?  Will you be happier if you bite the bullet and move?  If you moved would it actually save you money? 


    While a home is an investment it is also someplace that you can rest your head and feel safe.  Sometimes the investment portion fails and it just becomes a home.  Sometimes it's easier to look at a home as a rental and then the loss is easier to mentally manage.  Think to yourself if I rented a home for the past five years what would I have spent? Now the less than desirable price doesn't look so bad does it?


    I am not trying to talk people into taking less than what they want for their home, but I am asking that they look at the big picture.  I know for a fact that when I go to sell my home I will be required to keep it, or to look at the big picture.

 
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