Should I List My House NOW or this Spring?

Should I List My House NOW or this Spring?

Most people would immediately choose the Spring season as the time to sell your house, and they would not be wrong.  ATTOM Data Solutions reported that the worst times to sell real estate were October and December, and this was reported in August of 2019.

However, though it may be more common to list and sell in the Spring season, there is a huge benefit to selling between the months of November and February. 

What is this huge benefit that comes with selling between November and February?

According to the National Association of Realtors, the below chart represents the inventory levels of properties and the months supply. 

Winter Months = LESS COMPETITION!

So, what does this mean?  Well, serious buyers will be in the marketplace!

If a home buyer is looking to purchase a house and your property is on the market, prospective buyers have less inventory to look through, increasing the chance of your property attracting buyers much faster as opposed to if you did in fact wait until Spring.  This puts you and your property in a good place in a competitive market. 

So, What Should You Do?

Every property is unique, and every seller and buyer have different goals and needs.  So, seeking a free consultation from a professional real estate brokerage is what any potential seller should do.  Spring may be better for you and your property, but how do you really know?  To set a free consultation at your property contact Apex Realty Group, LLC at (978) 276-3333 or visit ApexSold.com to get started!

Looking to BUY A HOUSE? Here’s some BASICS to learn about your CREDIT!

Looking to BUY A HOUSE? Here’s some BASICS to learn about your CREDIT!

Your credit score is basically a numerical summary of your credit report. Whether you are seeking credit from banks, credit card companies, or car dealerships, all lenders use this score to determine the amount of credit, if any, that can be allocated. When buying a home, the higher your credit score the better.

What is considered a high credit score?

  • Perfect credit score: 850
  • Excellent credit score: 760–849
  • Good credit score: 700–759
  • Fair credit score: 650–699
  • Low credit score: 650 and below

What factors are considered when calculating a credit score?

  • Credit payment history (35%)
  • Debt-to-credit utilization (30%)
  • Length of credit history (15%)
  • Credit mix (10%)
  • New credit accounts (10%)

So, what does this all mean?

It means it is time to become more knowledgeable when it comes to these factors, so let’s break them down:

Credit payment history refers to if an individual pays his or her credit cards on time.

Debt-to-credit utilization is the amount of debt an individual has accumulated, divided by the credit limit allocated on the accounts. NOTE: If your debt-to-credit utilization ratio is above 30%, this can have a negative impact on an individual’s ability to obtain more credit, and/or especially a home loan.

Length of credit history refers to the amount of time an individual has had credit lines open, but did you know longer credit history balances are more favorable than shorter ones?

Credit mix is literally the combination, or “mixture” of the different types of credit card accounts open, which can include but is not limited to store credit cards, auto loans, student loans, etc.)

New credit accounts obviously refer to when an individual opens a new credit line of some sort, but keep in mind, this may not always be a positive move, because each time an individual opens a new credit line, what was considered the average length of credit history decreases, which in turn negatively impacts the credit score.  CONSIDER THE PROS AND CONS.

Conclusively….

You may not become a “credit score guru” over night, but you can sure consider these factors and start making more favorable choices about your financial future. In fact, Experian found that 45% of people wait for their credit scores to improve before applying for a mortgage, so get a head start on your climb to the top!  How?

CHECK YOUR CREDIT SCORE MANY MONTHS BEFORE YOU BUY A HOME. It takes time to improve it.  Don’t kick back and hope that it improves, because as stated above, these factors are very significant to increasing your credit score and more importantly, for getting financing for a new home!

Avoid These Costly Mistakes When Hiring A Real Estate Agent

Avoid These Costly Mistakes When Hiring A Real Estate Agent

Avoid These Costly Mistakes When Hiring a Real Estate Agent –By Alexis Winnell, Realtor

Selling your home can be a daunting process. The best way to alleviate the stress and concerns that come with putting your house on the market is to hire a qualified and knowledgeable REALTOR. But how can you be sure that the Realtor you have in mind is right for you?

1.The agent in your neighborhood may not be the best choice for your home.

Most real estate agents in today’s market specialize in multiple communities. Agents that do not live in the town still have specialized knowledge of the town’s events, infrastructure and, of course, property values. Don’t hire an agent based on convenience or perceived accessibility.  A good agent will drop everything to service your property and is ALWAYS on call.

2.The amount you think your home is worth may not be an accurate estimation of market value.

When you interview potential agents to facilitate the sale of your most valued asset, let them suggest a sales price. They should arrive at the appointment with at least 3 different examples of homes that have sold in your neighborhood in the last 6 months. If you suggest a price and the agent immediately agrees with you without offering any proof to support your suggested price, tread carefully. The agent could simply be agreeing  in order to obtain the listing. Later, after letting the house sit on the market for 60 days, they can return to you and suggest a price reduction to a more accurate value. The problem with this tactic, apart from its inherent dishonesty, is that  properties garner the most attention from other agents when they are new listings. Agents are often reluctant to bring potential buyers to a property that has been on the market for many days, due to the perception and fear that something is wrong with the house.

3.A snap judgement is great at picking out curtains, but not at selecting an agent.

It is important to get a great vibe from your agent, but it is equally important to learn about their credentials. Are they a Realtor, and therefore held to a strict code of conduct and ethics? Will they provide a list of references of their past clients?

As the real estate market changes, is the agent staying abreast of the new trends in the local market? Experience is great, but don’t discount newer agents– sometimes they’re the better choice because they have fresh marketing ideas and are overly eager to succeed, which translates into better service and more attention for your property.

When considering which agent to hire, your best choice is someone with whom you feel comfortable, but who will also be honest about your property’s value. . Give Apex Realty Group a call today at 978-276-3333.

What Should You Do To Prepare Your House For Selling

What Should You Do To Prepare Your House For Selling

What Should You Do To Prepare Your House For Selling?

After the decision has been made to sell your house, you might ask yourself how best to prepare your house to appeal to potential buyers. Should you update the half bath? Repaint the back deck? Upgrades are costly and may not even bring the return in monetary value that you expect.  Below are four proven tips that will provide great return on your investment: – by Alexis N. Winnell, Realtor

Give the Kitchen a “FAUX” Renovation

If your kitchen is 1987, think about updating the faucet hardware, cabinet pulls, and door hinges. If the cabinets are scratched or discolored, consider painting them white and filling in the scratches with wood filler. Purchase a high-quality floor polisher or wax and apply liberally to make your floor sparkle once again!

Bring A Hint of Nature Inside

Consider neutral colors that you would find in nature for the wall paint and focal point decor. Deep burgundy walls may be a striking aspect of your home design, but will detract from your home’s appeal to the typical buyer. Keep colors muted and warm. Add potted plants to the living room. Remove bulky furniture that inhibits the natural flow of the rooms.

Tackle the “To-Do” List

Clear any clutter that will prevent the buyer from seeing the full potential of a certain space. If you converted a bedroom into a walk-in closet, convert it back into a bedroom. It is easier for a buyer to envision the rooms as they are meant to be rather than as you have enjoyed them. Each room should have a defined purpose! Make any necessary repairs–including updating smoke detectors, plastering holes in the walls, tightening loose door knobs, cleaning the windows (inside and out), and having the carpets professionally cleaned.

Don’t Forget the Curb Appeal

Give your front door a splash of color to peak interest. Dispose of any items in the driveway or backyard that are no longer in use. This includes your college sophomore’s swing set as well as stacks of wood and debris from former projects. You don’t get a second chance to make a first impression.

Good luck! If you are interested in additional tips on getting your house in tip-top shape, give us a call at 978-276-3333 or email Info@ApexSold.com and one of our agents will assist you!