Posts from May 2014
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29
Can St. Joseph Sell your Home?
There are many tips that promise to help bring a quick home sale. However, there is only one that requires a shovel and a prayer. Many people believe that burying a statue of St. Joseph in the yard will help a home sell faster. "In general, sales of Saint Joseph statues tend to rise when the market sours," said Lara Traina, director of marketing and web management at Catholic Supply. "When home prices were stagnant, the sales of St. Joseph more than doubled. When prices began to creep back up St. Joseph sales dropped." Here is how it works: Bury a St. Joseph statue in your yard upside-down, facing the house. Most people place it near the
27
Spring New Construction Update: New Home Sales Show Modest Increase Under Harsh Conditions
Even record cold, snow and frost depths were unable to dampen the spirits and efforts of some buyers and builders this winter. Despite many weather related schedule delays, overall regional new home sales managed a 1% increase over the same period last year, accounting for 1 in every 9.4 home sales during the first quarter. New home starts for the same period are detailed in the chart below. There was a 13% increase in regional inventory compared with the same time last year. Houses represent 74% of new home sales for the period and 57% of current inventory, while condos comprise 26% of sales and 43% of inventory. New house prices continued a steady rise during the quarter, as shown below: Below $300,000 = 44% of house sales $300,000 - $400,000 = 35% of house sales Above $400,000 = 21% of house sa...
21
Thinking about Renting Out Your Home?
Homeowners who want or need to move don't necessarily have to sell their house. It might make sense to rent it. Renting your home can sometimes lessen the financial burden, and you might be able to turn a small profit. If you're thinking about renting – Ruhl&Ruhl has the answers and we are here to help you with the process. By renting your home you can keep the property to sell later while covering mortgage, taxes and insurance with rental income. Consider the tax breaks you can get from renting out your home. You can deduct pretty much any out-of-pocket expenses related to owning and managing your property while the property is being rented. This could include deducting your mortga...
19
Spring Real Estate Update: Home Prices Rising in Our Markets
9
The Five Biggest Turn-offs For Homebuyers
A lot of sellers don't listen to their real estate agents, we'll tell you what your agent wants to say, but can't say to you and this is it - your agent can't get you the price you want unless your home is in pristine move-in condition. That means no sticking drawers in the kitchen. No leaning fences. No rust-stained plumbing fixtures. We could go on, but maybe we need to make it clear. If you have even one of following "turn-offs," your home won't sell. Overpricing your home Overpricing your home is like trying to crash the country club without a membership. You'll be found out and escorted out. If you ignored your agent's advice and listed at a higher price than recommended, you're going to get some negative feedback from buyers. The worst feedback, of course, is silence. That could include no sho...
