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The Most Costly Mistake

by Sandi Pressley

If you're considering selling in 2016, it's important to be priced competitively to avoid certain challenges. Historically, overpriced homes stay on the market longer, often sell for less than market value and sometimes don't sell at all. You may see a listing in your neighborhood that seems to be for sale forever, with a different broker every few months. If there are no major defects in the home itself, it's likely overpriced. This stigma can stay with your home and is a great reason to avoid overpricing in the first place.

A great way to avoid overpricing is to get a home valuation from a reputable source. Not only can overpricing give your home a bad reputation on the market, it can also cost you, big time, in the long run. Not only can overpricing scare off potential buyers, but over time, you'll actually end up reducing your price more than if you had just listed it at market value to begin with. Overpricing is often the most costly mistake a seller can make.

When you're ready to list your home, and 2016 is looking like a great time to do so, start with a home valuation from a specialist who knows your area well. A licensed real estate broker should be willing to provide this information free of charge. Relying on sites like Zillow and their zestimates is risky business when you're ready to list as they've never seen your home, nor do they know what features your home has to offer, or the amenities in the neighborhood.

Put your trust in The Sandi Pressley team; a listing specialist from The Sandi Pressley team can give you a free, no-obligation home valuation during a 20-30 minute in-person consultation. Call us today for more information or to schedule your appointment.

Have An Awesome Week!

Sandi's Hot Home Listing

528 Brianna Loop, Albuquerque

Price: $315,000 Beds:4 Baths: 2+ Square Feet: 2,260

North Valley Beauty! Built in 2013 sleek and contemporary design two story with 1BDR/office on the main floor! Upgraded kitchen with 42’ cabinets, granite countertops, tile backsplash and breakfast nook! Security system, refrig air, raised ceilings, ceramic tile flooring in kitchen and great room, ceilings fans, window coverings.

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

 

Why winter and fall are good times to list

by Sandi Pressley

Springtime is the most common time sellers decide to put their homes on the market. Many assume spring and summer are the best sales seasons. Unfortunately, this is a common misconception and often, sellers miss out on valuable listing time because of it. Typically, you'll see more homes listed for sale during spring and summer. The amazing weather we have here in Albuquerque also makes this a great time to list. However, don't rule out the fall and winter months just yet! Here are some points to consider about listing during fall and winter:

  • There is less competition during these months as most sellers prefer to list in spring and summer
  • Less families are on vacation during fall and winter
  • Buyers looking during these times might be more serious about purchasing since this is considered the off season

If you're considering listing your home, don't wait for spring. Contact The Sandi Pressley Team today for a no-obligation market analysis. Our listing specialist can help you decide if this is the right time to list your home.

Have An Awesome Week!

Sandi's Hot Home Listing

9312 Nationwide St. NW, Albuquerque

Price: $210,000 Beds: 4 Baths: 2+ Square Feet: 2,270

Beautiful 4 Bedroom/2.5 Baths w/open and functional floor plan*Home features comfortable great room with cozy fireplace, arched accents, lovely wood laminate flooring thru out the lower level. Sunny spacious kitchen overlooks the family dining area & showcases plenty of counter & cabinet space

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

 

The Importance of a CMA

by Sandi Pressley

Thinking about selling your home? Here are some tips for home selling success.

Get a CMA

The Competitive Market Analysis is a great tool to show you what the market looks like in your immediate area. Knowing what the local market is doing is essential to being able to accurately price your home for a quick sale without sacrificing a fair market price.

Remember, a CMA should only include homes in your immediate area and that are similar in size, amenities and features to your home. A home that sold with more or less upgrades won't be an accurate indicator of your home's potential buyers, days on market or how it should be priced.

You may not be in a hurry to sell but you might not be thinking about how longer days on market can affect your price and the impression of your home. If you overprice, buyers may assume you're making room for negotiation and make a low-ball offer to counter that. Underprice and buyers may jump to the conclusion that there is something wrong with the house.

A Buyer's Market

In a buyer's market you can expect:

  • More days on market
  • Dropping prices
  • More seller incentives
  • Higher inventories

A Seller's Market

In a typical seller's market you'll often see:

  • Less inventory
  • Rising prices
  • Multiple offers

The type of market you're in will determine whether you can ask a little more for your home or if you need to price aggressively. It's important to pay attention to market conditions and understand how they affect your listing. Your real estate broker should be able to offer you guidance in this area. Ignoring market trends is a great way to have a long term listing with few showings and no offers.

When you're ready to look at a CMA for your home, call The Sandi Pressley Team. You can also visit our website for a no-obligation market analysis. Just complete the form and a member of our team will contact you with more information.

Have An Awesome Week!

Sandi's Hot Home Listing

827 Affirmed St NW, Albuquerque

Price: $145,000 Beds:3 Baths: 2 Square Feet: 1,400

This immaculate & stylish home is a gem! Features: Designer paint throughout, spacious family room and separate dining room, large country kitchen, new H20 Heater, Master bedroom with walk in closet separate from the other 2 bedrooms and a BEAUTIFUL, Terraced back yard with grass, shrubs, trees and flowers

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

 

Universal Design

by Sandi Pressley

What is universal design? In the past it was focused on mobility issues for an aging population. Today, it makes sense to include these features not just for the elderly. Creating a more safe and practical environment for all families is becoming the new norm. If you're planning a major remodel or just upgrading your existing home, there are some easy features you can add that will incorporate universal design into your home. The internet has suggestions for many such features. Here are a few of our favorites.

Get rid of doorknobs

Knobs require more dexterity and strength to open. Lever-style handles are simple to use, inexpensive and easy to install. It's an easy job and replacing a house full of knobs can be a quick, weekend project.

Replace light switches

Rocker plates have a large surface area making them ideal for use in any situation. Rocker plates are easier to clean, can be flipped with hands, fingers, knuckles or even an elbow if your hands are full. These plates can be installed easily and replacing a house full of toggle switches can be done in just a few hours.

Add motion sensing lights

Motion sensor lights come in a variety of options. You've probably seen them installed in public restrooms and in the form of night lights that plug in to wall sockets. Now there's even an option to use lamps and lights with a device that plugs into the wall. When the device senses movement, the light comes on. Not only is this a great option for night time wake ups, but it can add security to your home as well. Adding a few motion sending lights can be done in just a few minutes and save can also help save on your electric bill, turning off lights in rooms where no activity is happening. If you’re ready to find a home that already has these features, call The Sandi Pressley Team today. Our team of buyer specialists will go to work to help you find your dream home.

Have An Awesome Week!

Sandi's Hot Home Listing

1733 Black River Dr NE, Albuquerque

Price: $379,000 Beds:4 Baths: 3 Square Feet: 3,010

BOSQUE TRAILS! Master suite on the main floor! Backyard access!! Custom Elegance! Beautiful wood floors in the main floor office/den, two secondary bdrs upstairs with Jack & Jill bath, adjoining huge loft, and balcony. Stacked stone accents, custom fireplace, raised ceilings, refrig air, water softener, security system, upgrades hardware & lighting, tile flooring.

View This Listing


AND HERE'S YOUR MONDAY MORNING COFFEE!!

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