From Zillow: Whether you’re buying, listing or financing a home, money talks. Follow these do’s and don’ts to get the biggest bang for your buck this home shopping season.
With Spring Selling Season just minutes away, we thought it would be fun to pick the brains of the housing experts at Zillow for their top recommendations for getting your home sold so you can move on down the road to that brand new Saint Aubyn Home in Colorado Springs or Northern Colorado!
- Proximity to the coffee giant is perking up home values. DO buy a home near Starbucks. Zillow reports that between 1997 and 2014, homes within a quarter-mile of a Starbucks increased in value by 96 percent, on average, compared with 65 percent for all U.S. homes, based on a comparison of Zillow Home Value Index data with a database of Starbucks locations. Who knew!
- Listings with certain words tend to sell for less than expected. DON’T say your home is “nice.” First impressions matter. When it comes to for-sale listings, the first thing most buyers see is a home’s description. But not all listing descriptions are created equal. Based on an analysis of 24,000 home sales in “Zillow Talk: The New Rules of Real Estate,” co-authors Spencer Rascoff and Stan Humphries reveal listings with certain keywords send negative signals about a home’s quality and features. These listings tend to sell for less than expected. “If you’re not careful, picking the wrong adjective could cost you time, money, and in some cases, lots of both,” they explain. Click here to check out the nine most dangerous listing descriptors below.
- Timing it just right could help your home sell faster and for more. DO list your home during the magic window. Based on an analysis of supply, demand and sellers’ outcomes in “Zillow Talk: The New Rules of Real Estate,” co-authors Spencer Rascoff and Stan Humphries have revealed the magic window to list your home: mid-March to mid-April. (For those who like sports analogies, think March Madness to The Masters.)
- A lower quote can be trouble if you don’t understand the loan terms. DON’T automatically pick the lowest mortgage rate. Rate shoppers naturally gravitate toward the lowest quotes, but a lower rate can lead to financial trouble if you don’t understand your loan terms. It’s important to know the relationship between rates and fixed terms so you can determine when it’s appropriate to use a shorter loan term instead of a longer one. Click here to learn more on rates and how they may impact your longterm goals.
Spring is one of the busiest times of the year to sell your home. Make sure you’re armed with the right information to take your home for for sale to sold in as quick a time as possible!