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Sellers Market | Capprice Kitchen with Pineywoods Realty Blog

Monday, October 4, 2021   /   by Capprice Kitchen

BUYING “AS IS” WHAT DOES IT MEAN FOR BUYERS?

Buying a home ‘As Is’ can be a great way to save money! If you’re okay with doing a few fixes or renovations, buying a home “As Is” can be cheaper than buying one that’s in perfect condition!

Often, the home is in very decent condition and current owners simply don’t know the state of the property which is why they’re listing it “As Is”. 

Simply because I house is listed “As Is” does not mean there is anything wrong w/ the property.  More than likely any repairs that may be required are minimal and the Seller has already incorporated that into the listing price. Or, for convenience sake, the Seller simply doesn’t want to negotiate repairs for the purpose of a cleaner contract.  

Particularly in today’s market, with it being a Seller’s Market, we’re seeing more and more “As Is” sales because it speeds up the negotiating process to place the property under c; ...

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  buying a house, home buying tip, sellers market

Saturday, October 2, 2021   /   by Capprice Kitchen

Buyers and Sellers - Stay Focused on Your Goal

Buying or selling a home can be stressful, even in normal times. Right now, when the housing market is moving at a frenetic pace, both buyers and sellers are making quick decisions and are feeling extreme pressure. As the tension rises, it can be easy to overlook the end goal; right-sized home, relocation, dream home, etc. Try not to lose focus!
Buyer Challenges
Facing a very low inventory of available properties, buyers have limited time to arrange to tour homes and knowing they must make a quick decision once they have. Buyers do not have the luxury of a second look or hesitation and often are competing against multiple offers, adding to the pressure.
Seller Challenges
Sellers are also feeling the challenge of the frantic pace. While it is nice to have multiple offers from which to choose, the fact that the offers are at times being made sight-unseen means that some of the offers may not be the buyer’s first choice and they could lose a “real” offer by cho ...

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  buying a house, selling a house, real estate market, sellers market

Sunday, September 26, 2021   /   by Capprice Kitchen

Can't Sell Your Home in a Seller's Market?

It’s no secret that most of the country is experiencing a strong seller’s market. With more homebuyers than inventory, most sellers have been delighted to sell quickly and often with multiple offers above list price. Yet, some homes are still sitting on the market and these sellers are probably wondering why.

Here are a few reasons why your home listing may not selling in this Seller's Market: 

1.    Overconfidence – While many homes are being snapped up on day one, this does not mean you can avoid the basics of good marketing, professional photos, and open houses.
2.    Overpriced – In a seller’s market, home prices do advance, but a dramatically overpriced home will still sit unnoticed.
3.    Appearance – With low inventory, homebuyers will compromise on some issues, but properties in need of major TLC or extensive deferred maintenance will not hold mass ap. ...

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  selling a house, house for sale, real estate market, house not selling, house selling tips, real estate agent, sellers market

Thursday, September 2, 2021   /   by Capprice Kitchen

3 Pricing Strategies in a Sellers Market

Real estate markets across the country are experiencing a strong seller’s market right now. For potential sellers, this may be a golden opportunity to get top value for their property. While it may be tempting to aim for the sky when setting the listing price, that may not be your best option.
Here are 3 pricing strategies to consider before deciding on your asking price.
1.    Listing at Market Value
Buyer’s love “realistic sellers.” After considering the market data for your area, choosing to list at the current market value can attract the right buyer and encourage a solid offer or two. Typically, this results in a full-price offer with straightforward terms.
2.    Listing High
It is always tempting to list ahead of the market, especially in a seller’s market. This strategy is risky and can mean you waste valuable time by sitting on the market with little interest. Even in a strong sellers’ market, buyers w ...

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  selling a house, sellers market