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Location, Condition and Price

by Sandi Pressley

Location, condition and price, these are the three biggest factors in a home’s ability to sell. While experts are advising sellers to move now, while rates are low, it’s important to understand how location, condition and price factor into that process.

Asking price is the first thing many buyers look at when they begin their home search. Knowing where to start when choosing an asking price begins with understanding if you’re in a buyer’s market, with 6+ months of inventory, or a seller’s market, with a low supply of homes for sale. Buyer brokers, lenders and the buyers you’re marketing too can all see the same data you can. If your home is priced too high for current conditions, buyers may skip looking at it, appraisers may value it lower than your asking price and lenders may choose not to lend the at asking price.

Location is the next big search option when buying a home. While you can’t do anything about your home’s location, there are things you can do to offset a home in a less than desirable location. Updating your landscaping, adding privacy barriers for sound and unsightly neighbor’s yards and making your home the best on the market in its area, can go a long way toward swaying a buyer’s attention away from the location. This leads us to the condition of the home.

The condition of your home will be a large determination on your final sales price. Having your home it its best condition possible can help you beat out the competition that doesn’t take the extra steps when listing their home for sale. Consider adding fresh paint, inside and out, cleaning or replacing carpets, updating kitchens and bathrooms, adding curb appeal and cleaning your home from top to bottom. Staging is also a great way to set your home apart. Most importantly, make any small repairs that are likely to catch the eyes of a discerning buyer.

If your home sits on the market for several weeks without much traffic and no offers, it’s a pretty sure bet it’s got something to do with the location, condition or price. Re-evaluate these factors and make changes accordingly.

Have An Awesome Week!

Sandi's Hot Home Listing

226 San Andres Road, Corrales

Price: $509,000 Beds: 3 Baths: 3 Square Feet: 2,725

Exquisite Custom Corrales Home nestled on .80 acres w/BREATHTAKING GROUNDS & VIEWS! This beautiful home offers a functional open floor plan w/radiant heat, 2 fireplaces, soaring ceilings, vigas, latillas, bancos & nichos. Lovely Open Kitchen is a Chef's delight w/upgraded appliances, ample countertop space, & kitchen island.

View This Listing


AND HERE'S YOUR MONDAY MORNING COFFEE!!

August 2015 Market Activity

by Sandi Pressley

Home sales are up again nationally for August. In fact, they are far above the 2014 numbers for the same time period. Prices for homes also continued their climb nationwide. The summer real estate market looks strong. Will it last? Maybe. If you are considering selling your Albuquerque home, this might be the best time. It may be a few years before we see sales at the top of the market again.

If you're considering selling but you're not sure now is the right time, call the Sandi Pressley team and let us take the time to show you what your home is worth. If you want to get an idea on your own, visit our home valuation site for a free, no-obligation estimate.

Have An Awesome Week!

Sandi's Hot Home Listing

6246 Iris Rd NE, Rio Rancho

Price: $375,000 Beds: 3 Baths: 2 Square Feet: 2,690

Incredible custom, private courtyard, half acre lot, high end finishes, master bedroom split floor plan! Huge windows, great room with vigas, custom kiva, tile flooring, radiant heat AND furnace, refrigerated air, water softener, skylights, nichos. Featuring a raised dining room with stacked stone fireplace!

View This Listing


 

 

 AND HERE'S YOUR MONDAY MORNING COFFEE!!

Looking for an Accurate Home Valuation?

by Sandi Pressley

Are you looking for a home valuation and wondering where you can get accurate information? A lot of home owners in today's market look to third party sites like Zillow to find what they're looking for. In fact, Zillow's Zestimate is ranked as the number one consumer tool used to determine a property's value. Zestimates are easy to use but in truth, they can be grossly inaccurate. The sad truth is, many home owners take the Zestimate as the full picture of their home's value. These values can often be off by as much as 20% or more. When you're looking to make an important decision, like a selling price or whether or not to refinance, this disparity can be a game changer.

Here is our advice. Zillow is great as a tool to get a ballpark idea of your home’s value but, there are many factors that go into determining your home's value Many of these factors are hyper-local and require in-depth knowledge of the area in which your home is located. Zillow estimates also don't take into account the condition of your home or amenities in your community. Only a real estate professional who is familiar with your area can really give you specifics like this.

Value My Albuquerque Home has everything you need to find out the value of your home. This website will provide you with an instant home valuation. If you need an extremely accurate look at your home's value, say for a refinance or to prepare to list your home, The Sandi Pressley Team can give you a no-obligation home valuation based on the local information that applies directly to your home. Call us today for your free home valuation.

Have An Awesome Week!

Sandi's Hot Home Listing

7000 Fairfield Greens Ct. NE, Albuquerque

Price: $598,000 Beds: 4 Baths: 4 Square Feet: 4,905

Exquisitely Appointed Custom Home in Tanoan community-Dream home offers Elegance,Luxury & Lush Landscaped Bkyrd! With over 4900SF, the open floorplan offers 4BDRMS+Private Suite 1st floor, offers access to private single garage, ¾ BATH & access to kitchen. 2 breathtaking living areas w/wet bar & cozy FP, formal dining & LOFT used an upstairs living area which opens up to a deck to relax or entertain.View This Listing


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Quick links to this site are also SandiSells.net or SandiSellsHomes.com