William Raveis Real Estate and Home Services



Posted by Deborah Schilling on 6/22/2017

Comparative market analysis is a tool that helps sellers to know about how much their home is worth. It gives an overview of what a good price for the home is in the current market based on comparable properties. Different realtors have different practices as to how they present this information. CMAs can vary from a two page list to a 50-page guide. The reports vary as to how in-depth they get as well. The important things is the information that they contain. 


What Data Does A Comparative Market Analysis Contain?


  • Active listings of homes currently for sale
  • Homes that are pending being listed
  • Homes that have sold in the past 6 months
  • Off market homes
  • Homes that have withdrawn from the market
  • Cancelled listings


Why Homes May Have Been Taken Off The Market


Homes can go on and off the market for a variety of reasons. These reasons include sellerís remorse, high pricing, requests for repairs, or the seller may have hired a completely new agent.


Looking At Comparable Sales


Comparable sales are the homes that have recently sold and are most closely related to your home. Youíll want to find the homes on the list that are most like your home. When finding comparable homes, take the following into consideration:


  • Similar square footage
  • Same rough age
  • Comparable condition
  • Similar upgrades
  • Close proximity to the same neighborhoods, schools, and amenities


Itís important when youíre using these comparative reports that you find homes on the list that are very similar to your own. You donít want to be comparing the price of an 8-room split level with an 11-room colonial. You also need to keep in mind that there are some neighborhoods that are more desirable than others. If one house is much closer to a sought after school than your home, youíll need to take that into consideration for a price point. 


Location


Location may be one of the most valuable things about your home that you canít really change. Buyers seek to live in a certain area of town and are willing to pay top dollar to do so. If you find that nearby homes are selling for much more or much less than homes even closer to yours, the location of your home may be a huge factor.  


The comparative market analysis is just one tool that your real estate agent uses to help you price your home just right and use the right marketing tools to sell it. These reports help you to be an informed seller. Comparative market analysis reports are just one more good reason that you need a real estate agent to help you sell your home.





Posted by Deborah Schilling on 5/18/2017

As soon as someone walks through the door of your home they get a sense of how you have created the space. Making sure that your home feels inviting is important for when guests come over or people enter your home.

Itís also handy to understand how to make your home feel welcoming when itís ready to be sold. The task of making your home feel welcoming, comfortable and stylish can seem daunting, especially if youíre in theprocess of moving or starting over somewhere new. Even entertaining guests during busy times of the year can overshadow seeing the overall welcoming picture of your home. We have some tips for you to help you make sure that every person who walks through the doors of your home feels welcome and cozy inside its walls.

Start with the Entryway

The absolute first impression of your home that people get other than the outside appearance is that of the entryway. The minute people walk through the front door, theyíre getting a sense of your home and property. Thereís certain accessories that you can add for a simple touch that can make a big difference in the way your home is portrayed. Depending on how your entryway is set up, there are small pieces that you can use to give the entryway of your home an instant feeling of being inviting.

An example of an effective accessory would be a grandfather clock, which is stately and has a charming touch. A rug or succession of rugs also gives a sense of warmth and can add a lot to an entryway. This is particularly useful for homes in colder climates. Itís also important to make practical use of mirrors and lighting in your homeís entryway. If the entryway is a porch, a classic bench is a great piece to make visitors feel like theyíre right at home.

Entice the Senses

Once visitors get inside your home, there are several small ways that make an impact on how guests feel inside of your home. Candles are a small touch that work quite well. Since our senses help us make associations, candles with the scent of flowers, cookies, or even cinnamon are a great way to help visitors feel welcome. These scents are very much associated with the feeling of ďhome.Ē Many times, itís effective to burn these types of candles while an open house is going on. The small touch helps to further entice interested buyers.

Keep Delicate Items To A Minimum

When youíre in a museum or a china store, you often feel like you canít walk around because youíre afraid of breaking something. While itís certainly acceptable to have nice things in your home, you donít want anyone walking around it to feel as if theyíre in a museum. Part of developing a welcoming feeling in your home is making sure people actually feel comfortable there. These are some thoughts on how to give your home an inviting touch. Now, over to you- what makes you feel welcome in a home?†





Posted by Deborah Schilling on 3/16/2017

Your home is great, but in order to help it stand out to prospective homebuyers, you'll need to separate your treasured belongings from your clutter. By doing so, you'll be able to maximize the space in your house and make your home more attractive to homebuyers. Ultimately, you'll want to create a household storage plan to ensure you can make the most of the space at your disposal. And with the right skills and know-how, you should have no trouble storing antiques, photographs and other personal belongings and getting rid of clutter in your house simultaneously. So what does it take to develop a household storage plan? Here are three tips to ensure you can create an effective household storage strategy: 1. Conduct a Home Storage Assessment. Which items do you want to keep, and which items can you live without? Separating your treasured belongings from your clutter is essential and will enable you to free up space in your house without delay. A home storage assessment also enables you to determine where you may be able to store various items as you showcase your residence to homebuyers. For instance, you may want to keep holiday decorations in a box in your attic or basement. Or, you might consider placing all of your summer clothing in a storage bin under your bed. But regardless of how you decide to use the storage space at your disposal, you'll first need to perform a home storage assessment to ensure you'll be able to maximize the space that is available. 2. Use Storage Boxes and Trash Bags. For items that you intend to keep, use storage boxes to organize these belongings. Also, be sure to label each box accordingly. And if a box contains fragile items, don't forget to mark it as such. On the other hand, if there are items you plan to dispose of, be sure to place these items in trash bags. That way, you can put the trash bags out on trash day and eliminate various items from your home. In addition, some items may hold value even if you don't need them. And if an item looks like it's in great condition, you may want to consider selling it online or as part of a yard sale. 3. Stay Organized. Although you'd like to be able to sell your residence as quickly as possible, the real estate market offers no such guarantees. However, if you stay organized, you'll be able to enjoy a clean, clutter-free home throughout the duration of the home selling process. After you develop a household storage plan, be sure to follow it consistently. This will enable you to keep your house looking great and improve your chances of generating interest from homebuyers far and wide. Remember, a pristine home is an attractive house, particularly for homebuyers who are searching for a residence that offers plenty of space and an awe-inspiring appearance. And if you create a household storage plan, you'll be equipped to minimize clutter, maintain plenty of space and showcase the beauty of your house to prospective homebuyers at any time.





Posted by Deborah Schilling on 3/2/2017

Your home's exterior will be the first thing any prospective homebuyer sees when he or she visits your house. As such, you'll want to do everything possible to help your home's exterior stand out for all the right reasons. Cracking or fading paint throughout your home's exterior can be problematic, especially for those who want to sell their residences as quickly as possible. Fortunately, painting your home's exterior remains a viable option -- all you'll need to do is find the right color to help your residence impress prospective homebuyers consistently. For those who want to revamp their home's exterior, there are many factors to consider when choosing a new color, including: 1. Your neighbors' homes If you decide to paint your home a bright or dark color, how will this make your home look in relation to the rest of the houses in your neighborhood? Take a walk around the neighborhood to see if you can find a common color palette before you paint your home's exterior. This enables you to consider how your house will look relative to others in your neighborhood prior to painting. If you notice your neighbors' homes include a mix of light or dark colors, you may want to stay within the same palette. However, try to avoid using the same color as your neighbors' homes Ė because no homebuyers want to live in a neighborhood filled with cookie-cutter houses that look identical. 2. Your home's style Do some research to find out what type of home you currently own and how similar residences have been painted in the past. This will allow you to discover a color scheme that matches the style of your home, and ultimately, may help your residence generate interest from homebuyers. For example, a Victorian-style home may feature distinct features that you should try to showcase using a bright color. On the other hand, a stuccoed Spanish colonial-style residence may appear distinguished if you utilize a neutral color. Devote the time and resources to learn about the style of your home, and you should have no trouble finding the right color for your residence's exterior. 3. Your home's current color What did you think of your home's exterior when you initially bought your home? The exterior color may have been one of the standout features that drew you to your house, and restoring your residence's original color may help you transform your home into a must-buy. When it comes to painting your home's exterior, your best choice may be to leverage the same color. This may help you speed up the process of improving your home's appearance, as you won't need to evaluate numerous color options for your house's exterior. Painting your residence's exterior is a must for those who want to enhance their home's appearance and value. A new paint job enables you to boost your house's curb appeal as well Ė something that is exceedingly important for home sellers in a highly competitive real estate market. Work toward revamping your house's exterior today, and you'll be able to improve your chances of selling your residence.





Posted by Deborah Schilling on 1/5/2017

For home sellers, staging a house can help you transform an ordinary residence into a stellar one. And even though it may seem like an expensive process to stage your property, there are many cost-effective ways to do just that.

Here are three cheap house staging ideas that every home seller needs to know.

1. Put Away Your Personal Belongings

Although you may display many treasured antiques and photographs throughout your home, you'll want to put these items in storage before you show your property to potential homebuyers.

Remember, your goal as a home seller is stir up significant interest in your residence. If you keep personal mementos on display in your house, it may be tough for homebuyers to envision what life would be like if they purchased your home.

When it comes to home staging, putting away your personal belongings is a must. Lucky for you, if you place your personal items in storage, you can boost your chances of a quick home sale. Plus, you may even be able to speed up the process of relocating to a new address, as many of your personal belongings will already be packed up and ready to go.

2. Remove Clutter

Let's face it Ė clutter is an eyesore that most homeowners can live without. However, many home sellers may have large book, CD or toy collections that can take up a lot of space.

Removing clutter is essential for home sellers who want to stage their residences properly. Fortunately, there are many simple ways to eliminate clutter with ease.

For example, you may want to host a yard sale before you add your house to the real estate market. A yard sale enables you to get rid of excess items as well as earn extra cash.

Or, if you are desperate to get rid of clutter quickly, you may be able to donate various items to local charities or dispose of these items altogether.

3. Clean and Deodorize Your Home

Pet odors and other unpleasant smells won't do you any favors, especially if you want your home to make a positive first impression on prospective homebuyers.

Cleaning and deodorizing your residence usually requires hard work and patience. On the other hand, you likely won't have to worry about breaking your budget to keep your property neat and tidy.

With a fresh, clean home, your residence may stand out from others in a crowded real estate market. The pleasant aromas that fill your house also can bolster your house's chances of making a positive first impression on potential homebuyers.

Staging your home may seem difficult at first, but expert real estate agents are able to help you prepare your residence for the housing market. Real estate agents can offer recommendations about how you can enhance your property quickly and effortlessly and ensure that you can stir up plenty of interest in your home as soon as it hits the real estate market.

Collaborate with a real estate agent, and ultimately, you should have no trouble staging and selling your house.




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Deborah Schilling
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