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Pam Glende | pricing Blog

Friday, April 26, 2019   /   by Pamela Glende

What is the best time to list your home?

Spring is in the air, the weather is warming, the flowers are blooming, and home shoppers are out looking with great anticipation on finding a home.
If you are considering selling your home, Spring is the perfect time to list. As the weather warms home shoppers have come out of hibernation.
The market is a hot seller’s market with just over a month’s worth of inventory. A balanced market has 5.5 months of inventory. This is a great position to be in as a seller, but not so much as a home buyer because the competition to get their offers accepted is tough. With so little inventory and so many buyers there are plenty of bidding wars going on to get into contract on a home purchase.
My advice to sellers would be to get your home on the market as quickly as possible. The longer you wait the more competition you will have as a seller. The further we get into Spring the more listings we have. Beat the competition by getting your home on the market first.  Chances are if ...

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Friday, April 26, 2019   /   by Pamela Glende

What is the buyer’s final walk through? What should a seller expect?

So, you’ve gone through the process of selling your home. All contingencies have been satisfied and the appraisal has been completed and your listing agent let’s you know that “we are clear to close”. Relief is what you are feeling, then your agent tells you the buyer needs to do their final walk through before signing for the home. The stress returns. It really doesn’t need to be stressful.
Here are some tips that will help you to be prepared:
1.       Make sure that you have completed all agreed upon repairs. Supply any receipts for work completed to your agent so she can get them to the buyer’s agent. During the final walk through the buyer will be checking that all agreed upon repairs have been completed. You have until 3 days before closing to complete these repairs. Make sure that if a licensed contractor was supposed to do the work, that you did indeed use a licensed contractor. Other repairs that didn’t s ...

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Thursday, April 25, 2019   /   by Pamela Glende

Yikes the appraisal for my home just came in low! Is the deal going to fall apart?

It is a strong seller’s market and homes are selling fast. Most homes if priced at market value or slightly below are receiving multiple offers. Currently we have just over a month’s worth of inventory. A balanced market is 5.5 months of inventory. There are more people looking to purchase a home than we have currently for sale on the market. The result is that there is bidding wars on homes.


So, what could happen when you choose an offer on your home which is much higher than market value? If the home doesn’t appraise at the agreed upon purchase price and the appraisal is lower, we have a problem.


These are the things that can be done.


1.You could lower the purchase price to the appraised value.


2. You and the purchaser could meet in the middle. Example the purchase price was $250,000. The home appraised at $240,000. You could reduce the purchase price to $245,000 and the buyer could bring $5,000 to closing from their own funds. Keep in mind tha ...

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Thursday, April 25, 2019   /   by Pamela Glende

What are Millennial Home buyers looking for in today’s market? Should you as a seller be aware of what is appealing to them?

Sellers did you know that Millennial’s make up a large portion of our home buying market. This is the generation born between 1981-1996. They are in their twenties to late thirty’s. They are expected to out number baby boomers in 2019. It is something as a seller you can’t ignore.
They know what they want in a home and they are willing to keep looking until they find it. They see home ownership as more affordable than renting. They know that owning a home makes financial sense. They stay within their budget and don’t want to overpay for a home.
They are looking for homes that have sustainable designs such as the use of green products and materials that are kind to our environment.  Energy efficient appliances and smart thermostats.
They want homes that have smart technology, are eco-friendly and cost efficient. They also want homes to be a place of comfort and a quiet sanctuary. The quality of the neighborhood is at the top of their search as most impor ...

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Monday, April 22, 2019   /   by Pamela Glende

Home selling Mistakes.

Home selling Mistakes.


What to avoid when selling your home.


1.       You hired a real estate agent and told them what to price the home at. If your agent quickly agrees to a price you recommend without doing their homework you may be setting yourself up for failure. A good agent will do their homework and provide comps of similar homes to come up with true market value. Over pricing can cause your home to sit on the market and in the end, you will most likely get less than market value. It is key to price your home correctly. Your agent should be honest and upfront with you.


2.       Your agent didn’t advise you on how the home selling process works. You should know the process before listing. Ask questions, be sure of what to expect. After all nobody likes unwanted surprises. Your agent should educate you on what to expect and give you an idea of how things should go.


3.       Yo ...

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