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Good presentation goes a long way!

Sold in TWO WEEKS...after ONE WHOLE YEAR!

334 N Washington St, Lafayette OR, 97127: sold in September of 2018 for $234,000

(4 bedrooms, 1 bathroom, two stories, corner lot dwelling with detached garage, on the main street through Lafayette. Large lot, zoned residential/commercial)

This is a great example of how condition and presentation of a house can make all the difference.

It doesn't happen often that you can test the what-ifs on a property's readiness to be shown. I mean, usually a house is either clean, uncluttered and show-ready or it isn't, so it's impossible to have the opportunity to test how "it would have done".

Well, I came close!

After almost one whole year of being on the market while rented to a rather messy, hard to schedule tenant, with dogs and a knack for not being available when Buyers wanted to see the house, I got to show the same property, at the same price, after it was vacated, decluttered, and clean...in only two weeks! 

A clean and well-presented home can mean THOUSANDS MORE, a MUCH QUICKER sale, or BOTH.

In this particular case it was not going to be easy to make the home ready while it was occupied, but in most instances a little work before listing goes a long, long way.

My Pre-listing Plan
I offer a pre-listing plan that goes from advising on how to declutter and stage, to helping with the maintenance or repair items that will most probably make for a better sale. Why not give yourself the best chance at a quicker and better sale?

 

Facts and Reasons for Selling in 2018

Here is the latest:

  • A survey conducted by Harris Poll for Trulia found 31 percent of respondents expect 2018 to be a better year for selling a home than 2017, while only 14 percent expect it to be worse.

    yet only 6 percent of homeowners surveyed plan to sell their home this year.
     
  • Zillow's predictions for 2018 expects inventory shortages to continue to drive the housing market. With too few homes on the market to meet buyer demand, prices increase and would-be buyers can’t afford the price or down payment needed to submit a winning offer.

    Locally, this phenomenon has been quite evident and it seems to have reached a critical point.

If you’re a homeowner and have been thinking about selling, what are you waiting for? You may not consider 2018 to be your year to sell, but here are some reasons why selling in the next 12 months could be more beneficial than you think.

  1. Zillow predicts home builders will begin looking to construct more entry-level homes to meet demand later this year. If you wait too long to put your home on the market, you may find yourself competing with new builds that haven’t been a part of the market in large numbers since before the recession.

    McMinnville, Newberg and virtually all other towns in Yamhill County are affected by this dynamic, with large to medium projects going in virtually everywhere.

     
  2. Interest rates are low...for now. The Mortgage Bankers Association predicts 30-year fixed-rate mortgages will rise to 4.6 percent this year, and it expects rates to rise to 5 percent in 2019 and 5.3 percent in 2020.

    This will likely take some Buyers off the market in the future, while smart Buyers will be eager to purchase before the increases take place.

     
  3. The new tax law will have its impact. With a lower deductible on certain home ownership related items coming into play, having a lower payment or moving away from higher-taxed school districts, neighborhoods or cities may be more beneficial now than it has been.

    Your accountant can help you size up the effects of selling this year vs waiting.


     
  4. Buyers are being active sooner in the year. The best time to sell your home in our cool climate area is traditionally between March and June. But cold weather isn’t keeping interested buyers from starting their home search at the start of the year, in fact, this time around, major spikes in online home searches started on December 26th of 2017.

    The fact that buyers take the day after a major holiday to start looking for new home means the traditional selling season could be even hotter.

NOW...if you only knew WHO to call upon to sell your house in 2018...right? :)

David Antinucci
david@davidantinucci.com
971-237-3137
Allegiant Realty Group

Are you meeting the challenges and opportunities in McMinnville's HOT market?

With a median sale price of $245,000 in 2016 versus $205,000 in 2015, it is safe to say that Real Estate in McMinnville is HOT! Out-of-area buyers and a short supply of homes make this a market ripe with challenges and opportunities. Having an Agent who has the right approach and is able to negotiate effectively in such a dynamic scenario really pays off.

A hot market does not mean that anything will sell no matter how it’s marketed, staged, or priced (remember that there is almost always a lender and an appraisal involved in the process), but it does mean that if a home is priced correctly it will sell fast and is likely to see a multiple-offer scenario (to Sellers’ benefit), and that Buyers need to be ready to act when they have the opportunity to get the home they feel they will be happy in.

Whether you are buying or selling, it is crucial to adopt the right strategies to get the most out of a competitive market: if you are a Buyer, this might mean being willing and able to include an escalation clause in your offer, if you are a Seller, it might pay off to build a longer response time into the listing, in order to allow time for more Buyers to come forth with their offers.

Buyer or Seller, in a market like this, you can be sure that a savvy Agent will be a valuable asset…and will definitely earn his/her keep!

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David Antinucci
Real Estate Broker Licensed in the State of Oregon
Phone: 971.237.3137
Email: david@davidantinucci.com

Allegiant Realty Group
1103 NE Baker St
Mcminnville, OR 97128

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