Should You Keep Your Oakland County Home On The Market?
Many a home sellers in Oakland County has been there—the house has been on the market for months and there is no sign of a sale or even an offer. At what point should you pull your Oakland County house off of the market, assuming it is even an option for you? When you start to feel like you are getting nowhere, it’s important to step back and consider the facts of the situation before you make any decisions.
Is The Season A Factor?
If your Oakland County house has been on the market through the summer and well into fall, and the holiday season is approaching, you may feel there is no point in keeping it listed through the winter. You may be right. The holiday season in Oakland County MI is a notoriously difficult time to sell, and you yourself may want to just take a break and enjoy your holidays without interruptions from agents and potential buyers. If you can take a step back and resume your efforts to sell in the late winter or early spring, doing so is usually a wise choice, but not always the best choice. Keep in mind the current housing market conditions in Oakland County MI and throughout Michigan home buyers are having a hard time finding a home to buy right now, the supply of houses for sale in Oakland County MI markets and across the state are hitting near all-time lows.Interest rates remain low, but there are not enough homes available to meet the demand.
Are You Asking Too Much?
Before you consider pulling your Oakland County house off the market, take an honest look at your asking price. If it is unrealistic and you have been holding off from dropping it, going to a lower asking price before you give up on selling altogether might be the wiser course of action. Giving up on what you feel your house is worth is difficult, but if selling is an urgent need you are going to have to do what is necessary. Overpricing your Oakland County home gives the advantage to your competition — the other homes on the market. The buyers you want to attract won’t see your home because they are only looking at homes listed in their price range. Prospective Oakland County buyers who do see your home realize they can get a better deal elsewhere. If it’s your home they want, they may choose to wait until you lower the price. And if you do reduce the price, other potential buyers wonder why the home has been on the market so long.
The right price is determined by the size, condition and location of your home, what comparable homes are selling for at the time you list yours, and the balance of supply and demand in your area.
The Market Is Just Slow
Economic factors have slowed the sale of homes all across the country, but in Oakland County MI there is not enough inventory for home buyers to choose from. If the market is particularly slow where you live, you might want to consider taking the house off of the market for a while and waiting it out to get a better price later, but all indications point to a thriving housing market with the Oakland County Mi area. If you have already moved out, consider renting the house for a while until the market looks up, but this can also be a headache for you. The old trick of pulling a home off the market and then putting it on sometime later in order to make it appear as a new listing doesn’t work any more. Since introducing CDOM (Cumulative Days On Market) buyers and their gents can see how long a property has been on the market, even when it’s been on and off. The history of the property is available to us within the MLS and agents go into that when advising their buyer-clients.You have heard the three most important aspects of real estate are: Location, Location Location…Well the three most important aspects when trying to sell a Oakland County home are: price, price, price…
Making the decision to pull your home off the market is difficult, and you should never do it without looking at all the details and discussing it with your REALTOR®. In some cases, however, it will be the wisest course of action and result in a sale for more money down the line, but keep in ind the good market we have now in Oakland County MI may be a completely different scenario if you wait .
Here Are 8 Secrets To Making A Difficult Home Sale Look Easy
Not all home sellers need to go the extra mile to sell at a good price. But where help is needed, there are several things we can consider together to make a tough sale happen. For example:
- To obtain your best price, don’t be in a hurry to sell. Allow time for the right buyer to come along.
- Decide early what your lowest price will be. On the other hand, don’t hold out for the impossible.
- Think of pricing in terms of un-rounded numbers ($99,800, for example instead of $100,000).
- Always be ready to show your home at short notice.
- Be willing to redecorate if necessary, and mention that in your listing.
- Reply at once to an offer.
- Avoid asking for contingencies on an offer.
- Make immediate possession possible.
Not all of these suggestions may be feasible, of course, in your situation. That’s why we suggest that you let us inspect your property and help you decide what might be most suitable for your particular needs.
* Create terrifying tombstones. Set the stage before trick-or-treaters even hit the front door. Use wood, cardboard or thick Styrofoam to create tombstones that you can put in your front yard. After cutting out the desired shape, use a matte gray spray paint to cover the surface, and then use black paint to write creative epitaphs such as “Dare to Disturb” or “Happy Haunting.”
* Get creative with pumpkins. Everyone enjoys a good jack-o-lantern, but why not choose to think outside the box when decorating with pumpkins this year? Instead of carving, try spray painting or using your favorite Halloween candy to decorate pumpkins in fun, spooky patterns. Plus, this is a project that even the littlest witch can enjoy.
* Download a haunted playlist. Nothing is quite as spooky as the sound of doors creaking or ghosts shrieking. Put together a haunted playlist that you can listen to while guests arrive, or stick speakers near an open window to entice the nearby trick-or-treaters to stop by for some candy.
* Serve spine-chilling treats. Use your free time on Halloween to make these simple but yummy treats designed to look like spiders. Serve them when guests arrive to kick-off the scary festivities.
Reese’s(R) Peanut Butter Pumpkin Spiders
6 Reese’s (R) Peanut Butter Pumpkins
1/4 cup Hershey’s (R) Milk Chocolate Chips
Large pretzel twists (2 -1/2 to 3 inches)
12 yellow Reese’s Pieces (R) Candies
Line tray or cookie sheet with wax paper. Remove wrappers from peanut butter pumpkins and place alongside each other on tray leaving 1 inch of space between each peanut butter pumpkin. For each spider, cut 8 matching curved sections from pretzels which will form the legs. Set aside remaining pretzels pieces.
Place milk chocolate chips in small microwave-safe bowl. Microwave at medium 30 seconds; stir. If necessary, microwave at medium an additional 10 seconds at a time, stirring after each heating, until chips are melted and smooth when stirred. Transfer to small heavy duty plastic food storage bag. Cut off one corner of bag about 1/4 inch from the tip.
Attach pretzel legs and yellow candy “eyes” to spider with melted chocolate; place dot of melted chocolate on each eye. Allow chocolate to set before moving spiders.
It’s that time of year again in Greater Oakland County Michigan when winter approaches, so there’s no better time then now to give your home an energy check up. Energy costs have shot up, and you may be paying a lot more than necessary to be comfortable in your home throughout the year. Most homeowners in Greater Oakland County have a number of easy, inexpensive options for reducing energy consumption and energy bills. The older your home, the more likely it is you can dramatically cut your utility costs, improve your comfort level and be environmentally responsible in the bargain. As we can clearly remember Winter 2013 in the Greater Oakland County area was the toughest in years and it really took a toll on may homeowners and their tight budgets.
Here’s where to look for opportunities to save as much as $500 a year on energy expenses:
Heating And Cooling Systems
- How old are your systems? If brand-new, you’re likely to have super high-efficiency units. If less than five years old, they’re likely to be high efficiency and certainly worth keeping. Older systems may or may not be costing you more money than necessary. If yours are 20 years old or more, replacing them could keep you more comfortable and cut your utility costs by a third or better. You may want to look at solar heating (free energy!) as part of a heating system upgrade. Though the initial investment in any new system may seem steep, consider that dramatically lower bills will recoup your cost in just a few years. After that, it’s pure savings.
- Make sure your heating and cooling systems get a tune-up every year. For under $100, a professional cleaning and maintenance check annually should more than pay for itself.Do you change your systems’ air filter monthly? Doing so costs little, but improves system efficiency, thereby saving money.
- Do you have an electronic thermostat? If not, install one and program it to use less energy (higher temperature in summer, lower in winter) while you’re away from home during the day, and at night while you sleep.
- Before going on vacation or a business trip, turn the thermostat down to 55°F in winter, or up to 80°F in summer. That’s comfortable enough to keep indoor plants alive, and to keep pipes from freezing during cold weather.
- How old is your water heater? Is it a high-efficiency unit? If your heater has given you 10 or more years of service, you would probably save money by replacing it.
- What temperature is your water heater set to maintain? Most factory settings are at 140°F, usually higher than necessary for a ready supply of hot water. Experiment with turning the temperature down and see if you even notice a difference. Start with 130°. If you find that adequate, drop it to 120°.
- Don’t forget to turn the water heater way down (preferably off) when you’re away from your home on business trips or vacation. Why pay for hot water nobody is going to use?
- Does your water heater have an insulating blanket? Are exposed hot water pipes wrapped in insulation? Keep them wrapped and you’ll spend less.
- Have you installed low-flow shower heads? Again, the cost of the fixtures will be repaid with annual savings, not only in reduced energy to heat the water, but also in lower water bills.
Air In/Air Out
- Do your outside walls and attic have insulation in them? To check the walls, remove a cover plate from an electrical outlet on an outside wall. If you can’t find any insulation, make the investment to minimize the amount of expensive “conditioned” air that escapes your home. Also consider adding attic insulation if you have 3″ or less. Go up to 12″.
- Do some of your air ducts run through your attic or basement? Make sure they’re wrapped in insulation.
- Does your home have more than one return register per floor? It probably should. No matter how many you have, make sure they are not blocked by furniture or curtains.
- Do you use your old fireplace? Though charming, fireplaces are certainly not energy efficient in today’s homes. Consider replacing it with an airtight woodstove or fireplace insert that sends heat back into your home.
- If you must use your old fireplace, make sure it has a flue that closes tightly and keep it closed when you are not using the fireplace.
- Does your home have new, energy-efficient windows, doors and storm doors? If not, consider investing in replacements with low-E or thermal-paned glass.
- Do windows and doors have properly installed weather-stripping and caulking in good repair? If not, it’s an inexpensive fix that takes a little bit of time but pays high rewards in savings.
- Is your refrigerator less than 2 years old and energy-efficient model? Consider replacing refrigerators over 10 years old. At the very least, replace gaskets if they no longer fit tightly.
- Does your dishwasher have an energy-saving feature? Be sure to use it!
- Consider replacing often-used incandescent light fixtures with fluorescent fixtures.
- Replace incandescent light bulbs with compact fluorescent light bulbs.
- Use lower-wattage bulbs throughout the house.
- Replace outdoor security lights that stay on all night with motion-sensitive fixtures.
Timings everything when selling a home in Greater Oakland County. Is now a good time to sell? I think so. Today’s affordable interest rates have encouraged lots of buyers into the market — and we know who they are. If you’re ready to sell your home, listing with us will plug you into a broad network of well-connected real estate professionals in Greater Oakland County who can deliver buyers to your door. Give me a call to find out how I can help you sell your home quickly for top dollar. If you’re selling in today’s market, you want to make your house outshine the competition. Buyers in Greater Oakland County are most likely to choose your house if it offers something special. Here are 12 ways to make sure you land a “Sale, Sweet Sale.”No matter how hot or slow the market in Oakland County MI, selling a home can be a complicated and stress-provoking experience. But it doesn’t have to be! Taken one well-informed step at a time, the process can be smooth — even easy. And that’s what our HOME SELLERS COURSE is all about.The course’s 10 lessons will arrive regularly in your e-mail, guiding you through the home-sale process, step by step, from listing through settlement.
Whether your selling in Novi, Northville, West Bloomfield, Farmington Hills, Bloomfield Hills, Plymouth or any other area in the Greater Oakland County area, this information will help you stand out and get your home sold for the best price possible.
12 Incentives to Offer Home Buyers
1. Offer a warranty.
Purchase a buyer’s home warranty to protect against future problems.
2. Help with closing costs.
Cash-poor buyers concerned more with out-of-pocket costs than monthly payments will especially appreciate this one.
3. Consider financing help.
Provide seller financing or buy down the buyer’s mortgage rate for the first year.
4. Help with utilities.
Pay some or all estimated utilities for 6 or 12 months.
5. Help with fees.
Pay a year’s condominium or homeowners association fees.
6. Pre-pay memberships.
Buy a one-year pool or community golf club membership, cable TV subscription, or other recreational activity.
7. Consider a moving allowance.
Pay the buyer’s documented moving expenses, or provide an allowance toward moving costs.
8. Treat them to window treatments.
Offer redecorating cash for new carpet or drapes.
9. Mow down any objections.
Buy a lawn-maintenance service for a year, or offer a riding mower if the lot is large.
10. Give them a dock on the bay.
If you live in a waterfront community, offer to rent a boat slip for a year.
11. Reimburse buyer the cost of points.
This is often a double benefit for buyers, who save both on the points themselves and on their federal taxes. The IRS now allows buyers to deduct the cost of seller-paid points as a Schedule A mortgage expense.
12. Price your home below comparable properties.
Prove your home’s good value in greater Oakland County by having an appraisal done and setting the price below the appraised amount for better results. Ask what buyers are looking for in the Greater Oakland County area. What are they saying about the homes they don’t buy? And what is it about the homes that are selling that makes them so popular? By determining your ideal target buyer, you will better understand how to merchandise your home. My experience in your specific neighborhood can help you answer all these questions and more.
Free Home Buyer-Seller Guides are Free and no obligation, these Free Home Buyer & Home Seller Guides are very valuable for any Home Buyer or Home Seller in the Greater Oakland County Mi area. These Free Home Buyer-Seller Guides are packed with 52+ pages of information to assist Home Buyers and Home Sellers in the real estate market in the Greater Oakland County area. Buying or Selling a Home is one of the biggest investments anyone will ever make, these guides give you insightful information that is FREE and will help you sail along in the Home Buying and Home Selling process. Free Home Buyer-Seller Guides are emailed directly to your email inbox and are a valuable tool regardless if you Buying or Selling a Home in the Greater Oakland County Area.