Is Your House Priced Right?

Are you in denial of the real estate market and don't want to price your property where it needs to be? This is a very price driven market. It may be time for a reality check if your home has had very few showings or you've lost a possible buyer to a competing and lower price home down the street. So how do you know if your house is priced right? Consider these things:

1. Not enough showings. It is likely overpriced if it doesn't get any showings the first few weeks on the market. A bigger sign is fliers are being taken from the box, there are a substantial number of hits of the website but buyers are not scheduling showings.
2. Some showings but no contract. Perhaps you're getting showings but there haven't been any offers. If this is the case you're close to the right price but not there yet. Ten showings and no offer or two weeks with no showings you are probably overpriced.
3. Similar homes are now selling for less. It is important to remain up to date with the current market. The price must be reviewed to ensure it is still priced correctly as the market changes. Monitor pending sales daily and make sure your home is competing well with those buyers are taking action on.
4. Repeated negative feedback. If you are receiving the same negative feedback from buyers that is a big sign the price should be adjusted. It may reveal that other homes in the same price range and area have an updated kitchen or bathrooms. The solution is either remodel or lower the price.
5. You've cut the price, but not enough. If you are going to cut the price a larger decrease will generate more interest than a little at a time. For example, a $200,000 should be cut by $10,000 if it isn't moving.

The first three weeks are critical. During this time your property will have it's most showings with the most potential, qualified buyers. Don't blow it by overpricing.

information taken from Wall Street Journal Sunday(6/8/08)

Price Improvement!!

Be the first in the neighborhood! This beautiful 4 bedroom 2.5 bath home has been reduced to $548,400. Located in a quiet ICW community with proposed amenities including pool, clubhouse, day docks, and community pier. This home has ICW views from the back/side screen porch and side balcony. Check out the visual tour at www.deannwatts.com

Price Improvement!!

This beautiful lake front custom home has recently been reduced. This home is now listed for $459,900 which is $20,000 below original. Go to www.deannwatts.com and take a visual tour of this home. You don't want to miss it!

New Listing

Check out my website (www.deannwatts.com) for this new listing. 2634 Jessica Lane is a 3 bedroom, 2 bath "hurricane" home with bonus room AND full basement. This one is priced to sell at $469,209. It is a lake front home located in Lakes of Lockwood near Holden Beach, NC. The community amenities include clubhouse, pool, and 2 lakes perfect for fishing, canoeing, kayaking or paddle boats. Take a visual tour now.

Real Estate Market on the Rise

Have you heard? The Real Estate Market is on the rise!! Experts believe the market has reached the bottom and is on the rise. Now is THE time to buy. If you've been waiting to get the best investment, what are you waiting for?

The "bottom" is never known until it's over, so it better to buy in the "bottom" area than to miss it all together because you were still waiting. Interest rates have remained low however guidelines are changing daily. It's best to start your search with your lender so you know exactly what range you need to be looking.

I look forward to hearing from you in your quest for beach property.

Also check out www.deannwatts.com. It has a new look and is still in transition however it is updated daily with new pictures, information, listings and tips. Bookmark it!!

Simple Ways to Spruce Up Your Home

Whether your home is on the market or not, these tips will make your home more appealing for yourself and for potential buyers:

1. Trim bushes so they don’t block windows and cut down on light.
2. Buy a new doormat.
3. Put a pot of bright flowers (or a small evergreen in winter) on your porch.
4. Put new doorknobs on your front door.
5. Put a fresh coating on your driveway.
6. Edge the grass around walks and trees.
7. Keep your garden tools out of site.
8. Be sure kids put away their toys.
9. Buy a new mailbox.
10. Upgrade your outside lighting.
11. Use warm, incandescent light bulbs for a homey feel.
12. Polish or replace your house numbers.
13. Clean your gutters.
14. Put out potpourri or burn scented candles.
15. Buy new pillows for the sofa.
16. Buy a flowering plant and put in a window you pass by frequently.
17. Make a centerpiece for your table with fruit or artificial flowers.
18. Replace heavy curtains with sheer ones that let in more light.
19. Buy new towels.
20. Put a seasonal wreath on your door.


www.deannwatts.com

SOLD!!

So, you've sold your home and ready to move. Here are a few tips to help the process be easier.


1. Give your forwarding address to the post office, usually 2-4 weeks ahead of the move.

2. Notify credit cards, magazine subscriptions, and bank of the change of address.

3. Develop a list of friends, relatives, and business colleagues who need to be notified of the move.

4. Arrange to have utilities disconnected at your old home and connected at your new one.

5. Cancel the newspaper.

6. If using a moving company ask about insurance coverage for moved items and what items are covered.

7. Clean out appliances and prepare them for moving, if applicable.

8. Note the weight of the goods you’ll have moved, since long-distance moves are usually billed according to weight. Watch for movers that use excessive padding to add weight.

9. If you are moving from a condo or apartment, Check restrictions on using the elevator or certain exits.

10. Pack an “open first” box with the things you’ll need most—toilet paper, soap, trash bags, scissors, hammer, screwdriver, pencils and paper, cups and plates, water, snacks, and toothpaste.

Plus, if you’re moving out of town:
1. Get copies of medical and dental records and prescriptions for your family and your pets.
2. Get copies of children’s school records for transfer.
3. Consider special car needs for pets when traveling.
4. Let a friend or relative know your route.
5. Empty your safety deposit box.
6. Put plants in boxes with holes for air circulation if you’re moving in cold weather.