What's My Home WORTH?



The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,

“National Home Prices Now 50% Above March 2011 Bottom”

The real estate market has come a long way since 2011, which is great news for homeowners!

Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined as over 20%), according to the latest Equity Report. The challenge is that not every homeowner knows how much their home’s value has appreciated.

Homeowners in Denver, CO lead the way with 8.7% appreciation over the last year, while owners in Washington and Utah have experienced a 3% increase in values since the start of this year!

Nationally, CoreLogic forecasts that home values will increase another 5.0% by this time next year.

Bill Banfield, VP of Capital Markets at Quicken Loans, recently explained the importance of knowing the conditions in your area,

“With home values constantly changing, and the rates of change varying across the country, this is one more way to show how important it is for homeowners to stay aware of their local housing market.”

Bottom Line

Do you know what your house is worth? Have you stayed put because you are nervous you won’t have enough equity to buy your dream home? Let’s get together to perform an equity analysis and give you the freedom to achieve your dreams. Pricing is the first step to a successful sale. Creating a balance between  Pricing, Marketing, and Staging your home to sell will give you an advantage over your competition.


Pricing: I often hear sellers express a strategy of setting the initial asking price high and then coming down in price if it doesn’t sell.  At first look, it makes sense that you would want to start out high to leave room for negotiating.  That strategy may work, but keep in mind that the longer a home sits on the market, the less money a seller usually receives. Check out my list of dangers in over pricing your home.

Marketing: Tell the world your home is for sale. In addition to MLS and online websites like Zillow, Yahoo Real Estate, and Cyberhomes, make sure you are in position to have your listing  announced anywhere and everywhere.   Marketing: where?

Staging: Often overlooked , but possibly the most important step in selling your home. With my guidance, I walk through every area of your home and give you a list of specific suggestions.  Keep in mind, putting your home on the market is kind of like dating. You don't show up for a first date in your comfy sweats and salsa stains down the front of your shirt.  You want to smell good, look good, and make a good enough first impression that you score a second date. Or in the case of your home, a second showing. Before potential buyers come through your door, you want your property in first date shape.  Now, let's find a nice date for your home!

If you happen to like before and after comparisons check out my Before and After pics from staged homes. Staging can make all the difference in the world and to your bottom line!!!

For all your Real Estate Decisions...think RED! AskForRed.com



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