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5 Ways to Sell Your Home Faster, for More Money

24/7 Wall St. recently asked real estate experts and several real estate organizations to weigh in on how sellers can get their house sold at the best price and in the shortest amount of time. 

Here’s what they had to say as some of the best ways to get the “sold” sign out this spring: 

  1. Pay attention to “curb appeal”: First impressions are critical, and homes with inviting landscapes and exteriors tend to sell better, agents say. Pay attention that the driveway is in good condition, lawn well-kept, and the house looks freshly painted.  
  2. Set the right price: Real estate professionals know how to set the price and prepare a home for sale. Agents use comparable sales of homes sold in the last 60 days to help set the most realistic price for the sales price of a home. By setting a realistic price from the beginning, sellers should be reminded that this will prevent having to drop the price of the home several times before getting it sold and having it linger on the market. If no recent comps are available, some experts recommended sellers get an appraisal, which will also offer a realistic price that the bank may be willing to take when a buyer tries to qualify for financing the home.
  3. Talk about energy efficiency: Many buyers don’t fully understand “green” homes but they understand savings. Sellers should point out any features in their homes — such as energy-efficient windows or appliances — that could save buyers money with utility costs. 
  4. Give the home Web appeal: Good photographs make a home stand-out online and help lure more potential buyers to the front door. Realtor.com says that more than 6,300 photos are viewed per minute on listings posted at its site.
  5. Make it move-in ready: Fix any needed repairs, such as water stains, creaky doors, and windows that don’t shut. Flaws in the home — even if relatively minor — can distract buyers, and should be fixed before the home is even listed. Some agents recommend that sellers get a home inspection prior to putting the home up for sale, which can help sellers be proactive in identifying any potential problems that could potentially derail a sale later on. Once a problem is uncovered, sellers are obligated to disclose it or fix it. 

Read more ideas at 24/7 Wall St.

Source: “13 Ways to Sell Your Home in 2012,” 24/7  Wall St. (April 24, 2012)

Coronado Short Sale: Great Family Home on San Luis Rey

This home just came on the market for sale. A 4 bedroom, 3 bath home with more than 2,200 square feet of living space is located in one of Coronado’s premier locations, just a block or so from the golf course and Gloreitta Bay. Great Coronado beach home, easy to live in and care for. Perfect for family and entertaining and easy to rent. Home completely remodeled in 2000. Inviting porch and close to everything location.
 
Listed for $1,199,000-$1,499,000.
 
 
 
 

Investment and Vacation Home Sales Soar!

Investment and vacation home sales surge in 2011
Investment-home sales surged an extraordinary 64.5 percent to 1.23 million last year from 749,000 in 2010. Vacation-home sales rose 7.0 percent to 502,000 in 2011 from 469,000 in 2010, according to NAR’s 2012 Investment and Vacation Home Buyers Survey, which covers existing- and new-home transactions in 2011. Owner-occupied purchases fell 15.5 percent to 2.78 million.

Vacation-home sales accounted for 11 percent of all transactions last year, up from 10 percent in 2010, while the portion of investment sales jumped to 27 percent in 2011 from 17 percent in 2010.

“During the past year investors have been swooping into the market to take advantage of bargain home prices,” said NAR Chief Economist Lawrence Yun. “Rising rental income easily beat cash sitting in banks as an added inducement. In addition, 41 percent of investment buyers purchased more than one property.”

The median investment-home price was $100,000 in 2011, up 6.4 percent from $94,000 in 2010, while the median vacation-home price was $121,300, down 19.1 percent from $150,000 in 2010.

Source: CAR Newsline, 4/18/2012

5 Hot Design Trends in New Homes

Creativity and cost-savings are the main themes driving new-home design trends today, according to the National Association of Home Builders.

Here are some of the latest new-home design trends, according to NAHB:

1. “Pocket offices.” More space is being added to popular family gathering places like the kitchen and family room. As such, space devoted to formal home offices and dens are falling to the wayside. Instead of a formal home office, more new homes are incorporating a small space devoted to home management, known as “pocket offices.” These pocket offices may be anywhere, even included in a large pantry. They also might be tucked away near the kitchen or family great room. Most people today are mobile with their electronics and home office items anyway so they might not need as big of space to spread out and a “pocket office” may suffice.

 

2. Tucked away relax spots. Window seats and alcoves are increasing in new homes because they don’t take up much space but can still provide some private time.

3. Master laundry rooms. Laundry rooms are being added onto the master bedroom’s walk-in closet for added convenience.

4. “Shadow” units. As more families live together under one roof, “shadow” units are increasing in popularity in new single-family homes. These units may be built alongside a home and operate as a separate living unit accessed through a door from the home’s main floorplan. Shadow units may also include homes that come with at least two master suites, such as one located on the ground floor and one upstairs.

5. Rectangular home designs. Rectangular home designs are increasing in popularity because they are more cost-effective to build. The trend was once grand, multiple roof lines. But to make rectangular designs appealing, these homes may have two windows in a corner with mitered glass to allow unobstructed views and light to flow in, according to NAHB. Or these homes might mix exterior materials, such as with metal, wood, and stone to give the home a more modern look.

From Realtor.com, 4/17/2012