Tips for Home Sellers

When it's time to sell your house, townhouse or condo here are a few simple tips for realtors and home sellers alike.

Turn on your heart light.

Turn on the excitement by turning on all your lights - both inside and outside. Whether you are showing your home in the evening or in the day, lights add color and warmth. Prospective owners feel welcome in spaces that are bright and airy.home buyers dreaming of a home

Don't crowd your buyers.

Potential buyers often feel like intruders when they enter your home. Rather than giving  your house the attention it deserves, prospects are likely to hurry through. When the  homeowners are present people often feel uncomfortable looking in closets and laundry rooms an other private areas. Additionally, rooms filled with people give the impression that the space is small.

I love pets ... but not your pet.

Dogs and cats are great companions, but not when you're showing your home. Pets have a talent for getting underfoot. Some prospects are allergic to some animals. Sadly, many people love their pets, but they don't like your pet. It's in your best interest to keep the animals outside or out of the way of potential buyers.

Don't create distractions

Rock-and-roll will never die. But it might kill a real estate transaction. Most of us love music, but not all of us love your music. When it's time to show your home, it's time to turn down the music. Turn off your TV because the last thing you want is for one of your buyers to watch the game while his wife falls in love with your house.

Give a wide berth.

A smiling seller is a welcome site, but a pesky seller will chase a home buyer away. It's important to be friendly but avoid being conversational. Anything you say could be construed to imply a warranty or could cost you thousands in negotiations.

Put things in perspective.

Some buyers will point out shortcomings or flaws in the property. It's best not to respond orally to these challenges. Utterances like these are seldom personal in this context. So, never take offense. Understand that these statements might be an indication of the buyer's ignorance, but sometimes the buyer attempting to frame negotiations with these statements. To engage the comment is to agree with the premise of the utterance. For more information or to set up an appointment call Julie at (703)765-0300.  

House Flipping Staging a Comeback?

More Americans are once again on the hunt to snag a home at bargain prices, fix it up, and then try to resell it for a quick profit. Home flippers mostly vanished from the market during the housing downturn a few years ago. But with home values inching up, flipping is coming back. RealtyTrac says flipping increased for the second year in row, rising a slight 0.33 percent in 2012 from 12 percent in 2011. The company defines flipping as buying and selling a property within six months. RealtyTrac reports the average gross profits for these types of transactions was $37,375 in 2012. According to the company, some of the best places to flip homes in 2012 were Orlando, Fla.; Richmond, Va.; Tucson, Ariz.; and Charlotte, N.C. For example, homes flipped in Orlando were purchased for $100,397, on average, and then for $174,895 — earning a gross profit, on average, of nearly $75,000, RealtyTrac reports. Investors are showing signs of being more cautious with flipping than they were during the housing boom. More investors are coming in with all-cash deals to purchase the homes. They also are holding onto the properties longer than they once did. On average, the flipping time from purchase to resale stands at about 106 days today, according to RealtyTrac. "That seems to be the sweet spot for a profitable deal," says Daren Blomquist, vice president at RealtyTrac. "Back in the housing bubble, many flippers were solely relying on price appreciation, sitting back and selling for big profits within a month or two." Source: “The New Rules of House Flipping,” Reuters (April 18, 2013)

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  • Don’t take chances with real estate.

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Survey Suggests Smoking in Home Chips Away at its Value

A survey of Canadian home owners finds that smoking in the home can reduce the home’s value at resale by up to 29 percent. The potential loss on a home could be up to $107,000 on the average home price of $369,000 in Ontario, according to the study sponsored by Pfizer Canada, a pharmaceutical company. cigarette Fifty-six percent of the real estate agents and brokers included in the survey said most buyers are turned off by a home where the home owners have smoked. Twenty-seven percent say that buyers are unwilling to even consider a home in which the home owners smoked. “Many prospective buyers are really put off by homes that have been smoked in and they can be very challenging to sell," says David Visentin, a real estate professional and co-host of the W Network's "Love it or List it" program. Source: “Smoking can reduce your home's value by 30%, survey finds,” CTV News (April 16, 2013)
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Home Owners Showing More Willingness to Sell?

The number of listings on the market increased 2.36 percent in March from the previous month — possibly an indication that sellers are becoming more willing to put their homes on the market as asking prices increase, according to housing data from realtor.com. While the data shows a month-to-month inventory increase, inventories are still down 15.22 percent compared to last year. The median age of the inventory continues to drop year-over-year by 12.35 percent, the amount of time homes are sitting on the market has fallen by 20 days since February, according to realtor.com. The median age of inventory of for-sale listings was 78 days in March. “The next three months will be significant in determining the impact of the recovering housing market,” says Steve Berkowitz, chief executive officer of Move Inc. Median list prices have increased year-over-year in a greater number of the 146 markets realtor.com tracks. California continues to show the greatest increases, as well as the largest drops in inventories as well. Denver, Detroit, and Seattle are also showing some of the biggest improvements in its housing markets too, according to realtor.com. Source: “Sellers Becoming Confident in the Housing Market, Providing an Optimistic Outlook for the Housing Recovery,” RISMedia (April 10, 2013)
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Basic Condo Selling Tips

It should be obvious, but start by choosing a selling agent that cares about you and your condominium. The agent you choose should also understand the benefits and challenges of the condominium lifestyle.
Halstead
Halstead at the Meto
An agent who has never lived in a condo or owned property in a condo might not appreciate the benefits of life without guttering, lawn care or exterior maintenance issues. Your Condo Alexandria agent knows how a condo community functions and just how great it is to own a condominium. A Condo Alexandria agent understands why some units are more than others. A Condo Alexandria agent can help others understand what a great view you have or how nice it is to be close to the parking lot. Each condo has its own benefits. We find your unit's benefits and make them obvious so that the buyer who wants your condominium can find it.

Properties in

For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.
Northern VA real estate agents
Nesbitt Realty sells real estate, fine homes & condominiums in Northern Virginia

Negotiations

In a tight market, there will be offers. Be ready for all offers and don't be offended if someone tries to lowball you. You know what your condo is worth. Sometimes a lowball offer is just a buyer's way of asking you if you'll negotiate. Your reply should be, "Sure I'll negotiate, but I'm not stupid." For this reason, decide in advance what price and terms you’ll find acceptable.Then, respond with a counter-offer to keep the ball moving. For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.

Is the ‘Great Senior Sell-Off’ Coming?

About 1.5 to 2 million homes belonging to seniors will come on the market by the end of this decade, predicts Arthur C. Nelson, professor of urban planning at the University of Utah. Nelson says he sees a momentum growing among baby boomers to put their homes up for sale and downsize. “This is the decade of the shakeout, where the boomers will begin turning 65 and we'll begin to see how they influence the housing market,” Nelson told The Chicago Tribune. Nelson cites other research that shows when people hit their late 60s they tend to start selling off their homes at a much faster rate. The baby boomer generation began reaching age 65 in 2011 and will continue until 2029. “As they enter their late 60s, they'll begin to unload their homes in cumulatively higher rates,” Nelson says. “I'm calling it the Great Senior Sell-Off.” But Nelson says he’s concerned there may not be enough buyers for the homes. About 80 percent of seniors are home owners when they reach 65—the highest home ownership rate among any age group. But Nelson notes that about 4 percent of senior home owners move each year and about 60 percent of them then opt to move into rentals. As such, Nelson predicts a surge in construction of apartments for more affluent renters. Source: “Get Ready for Great Senior Sell-Off,” The Chicago Tribune (March 29, 2013)
  • Home Prices In Arlington Continue To Hike

    Glendale
    The housing market in Arlington County is getting more and more expensive as potential buyers continue to have fewer homes and condos to choose from.

    Read More

  • Inlet Cove is near Fort Belvoir and Potomac Mills

    Inlet Cove outside Belvoir
    Inlet Cove is alongside Route 1 This neighborhood of townhouses is near grocers and eateries Inlet Cove is close to Fort Belvoir, Alexandria, and Potomac Mills shops, in the city of Woodbridge Interior to these properties are multilevel Inlet Cove is serene

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  • Pending Home Sales on an Upswing

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    Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1…

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  • A Good Time to Buy a High-End Home

    Station Square
    Some of the best housing deals are on high-end homes, many over $1 million. Some of them need TLC or they aren’t in the most-coveted locations. But there are plenty of desirable properties and lots of sellers who are getting impatient. Buyers with cash have the best opportunities. Buyers who need a mortgage should move…

    Read More

  • Who is today’s homebuyer and why are they buying?

    Nesbitt Realty 703 765 0300
    The National Association of Realtors recently did a study about the characteristics of home buyers. Some of the findings might surprise you. Thirteen percent of buyers purchased a home with one or more parents and grandparents together with adult children. There were several reasons given for purchasing a multi-generational home. Cost savings; Children over the…

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4 Easy Tips for Staging a Home to Sell

Here's some of our simplest and easiest staging tips:
  1. Store toasters in the cabinet because it is almost impossible to keep them looking clean.
  2. Take all the magnets off the refrigerator.
  3. Stow knick-knacks, personal items and photographs
  4. In a pricey home, get rid of any furniture that looks cheap. It interferes with the buyer’s ability to imagine themselves living there.
The U.S. Department of Housing and Urban Development (HUD) says that since so many details, especially financial ones, are involved in buying and selling a home, using a real estate agent is a good idea because that professional can be a guide throughout the process, making the entire process and experience so much easier. The key to a successful and positive experience with a real estate transaction is finding the right professional to assist you. While a real estate agent can meet your needs, the services of a Realtor® will suite your needs even better.

In {Location_Name}, what’s the Difference Between a Real Estate Agent and a Realtor?

Of the more than two million people who have earned real estate licenses, only a small percentage of them are Realtors. Realtors, who are members in good standing of the National Association of Realtors, their state association of Realtors, and a local real estate board, are held to high standards of ethical behavior and undergo continuing education annually to remain accredited. All agents of Nesbitt Realty are Realtors!   For more information or to set up an appointment call Julie at (703)765-0300.

Don’t Let Buyers Move in Before Closing

Sometimes a seller will ask to take possession of the property prior to closing. If the buyers need a place to live until their property closes, tell them to stay with a friend, relative, in a hotel, or send them on a vacation, but whatever you do, avoid allowing them to take possession of the property prior to closing.
Carlyle Towers Bedroom
Carlyle Towers Bedroom
The liability is too great and the risk of failure to close too severe when sellers let buyers move in early, but if such a situation is unavoidable, here are some of my key recommendations.
  • Insist that the buyers sign a separate lease agreement with a two- or three-month security deposit.
  • Use a lease agreement generated by an attorney or other real estate professional.
  • Make sure that there is appropriate insurance in place. Standard homeowners insurance doesn’t cover the situation.
  • Document the condition of the property with extensive photos and videos.
For more information or to set up an appointment call Stuart at (703)765-0300.
  • 5 Sure Signs That Its Time To Sell Your Home

    When should I sell my home? This is not always the easiest question to answer. A lot of people don't plan on living in their first, second, or even third home forever, but still knowing when to let go and move on can be tricky. It can feel like ending a long term relationship, it's…

    Read More

  • Tips On How To Sell Your Home When You Have Kids

    Nesbitt Realty
    Selling your home can be a stressful event but having kids around can create more stressful moments for parents who are seeking to sell their home.

    Read More

  • 6 Budget Tips For Staging A House To Sell In Arlington

    If you are trying to land a great deal for your property in Arlington, then you can't afford to overlook home staging. You'll want to hold a terrific open house- one that leaves the attendees entranced.  And the good thing is, you can do that without having to break the bank.

    Read More

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    How To Make Your 2-BR 2 BA Garden-Style Condo More Interesting For Property Shoppers Considering Palazzo At Park Center thumbnail
    It's pretty obvious, but staged places sell. What can you do if your residence is already adorable?

    Read More

  • Staging Hints For Sellers With A Place At Stratford On The Potomac In 22308

    Staging Hints For Sellers With A Place At Stratford On The Potomac In 22308 thumbnail
    Are you planning to list your residence? A home that isn’t staged may sell if properly prices. On the other hand, a staged place of residence will sell faster and for more money. What steps can you take now to sell your split foyers-style house in a Split Foyer-style community?

    Read More