Richard Stein – Realtor®, Douglas Elliman, GREEN, SFR, CBR, eCertified®

Local Agent, Worldwide Marketing – Douglas Elliman Real Estate formerly Prudential Douglas Elliman Real Estate

10 Features That Can Help a Home Sell Faster

Homeowners are spending more to spruce up their homes. They spent an average of $12,361 in discretionary funds on remodeling in 2017—the highest since 2006, according to the latest report by the Harvard University’s Joint Center for Housing Studies.

But which household projects can actually better their chances of selling their home one day?

“Any time a buyer can walk into a house and see it already has the features they want, that’s a huge bonus for the seller,” Anna Maria Mannarino, who runs a design firm in Holmdel, N.J., told realtor.com®. “If buyers feel they need to add key features or designs, they’re going to calculate how much it will cost and then lower their bid.”

Realtor.com®’s research team pinpointed home features that can help sell a home in the fastest time for the best price. They analyzed more than 1 million single-family listings on realtor.com® in February and identified the home features found in homes most often with the highest list prices and that went under contract most quickly.

The 10 most profitable home features for sellers banking on quick sales, according to realtor.com®, are:

  1. Chef’s kitchen/gourmet kitchen
  2. Theater room
  3. Home gym
  4. Three-car garage
  5. Solar panels
  6. Quartz counters
  7. Exterior lighting
  8. Tennis court
  9. Home office
  10. In-ground pool

View the full list at realtor.com®.

The Best Week to List a Home Is Quickly Approaching

Home sellers expecting the quickest sales may want to make sure the house is in tip-top shape for showings because a big week in the housing market is quickly coming. The best week to put a home on the market is March 31 to April 6, according to a new analysis from realtor.com®. Researchers analyzed the 50 largest real estate markets in the nation over the past three years to determine the best week to sell.

Vintahe newspaper classified ad pages listing homes for sale

xandert – Morguefile

During the week of March 31 to April 6, homes are listed, on average, for 6 percent more than at the beginning of the year—an extra $17,000, according to the study. Homes for sale that week also tend to fetch 14 percent more views on realtor.com® than at other times of the year. Further, listed homes sell about six days faster. The homes also see less competition that week; the highest number of homes tend to go up for sale in late spring, the study notes.

Homes listed for sale don’t tend to get the highest prices in April. Home prices tend to peak around June, according to realtor.com®’s study. However, sellers face less competition and homes sell quickly during the first week of April, the study concludes.

“Sellers have to think about the competition in a way they haven’t before,” says Danielle Hale, realtor.com®’s chief economist. “Getting ahead of other potential sellers could be even more of a bigger advantage this year given market conditions.”

Lower mortgage rates currently may also entice more buyers to jump in the market sooner than wait. Rates are expected to rise later this year. The 30-year fixed-rate mortgage dropped to a 4.31 percent average last week, according to Freddie Mac.

3 Key Predictions For The U.S. Housing Market In 2019

Summary

The housing market has always been a key indicator for how the economy is performing for the average American.

Predictions seem to be pointing to interest rates rising throughout 2019.

There has been a huge increase of foreign investors in US property.

The housing market has always been a key indicator for how the economy is performing for the average American as owning your own home should rightfully be the aim and dream of any hard-working family. Let’s look at 3 key predictions at what trends may be awaiting us as the year progresses and if there is to be any rise or fall in the housing sector.

Interest Rates To Rise In 2019

Smaller Markets May See A Rise

Foreign Property Investment On The Increase

FULL STORY AT Seeking Alpha

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