According to a study performed by real estate search company Zillow.com, home sellers who bought their home after the housing bubble burst in 2007 overprice their homes an average of 14.1% as opposed to people who bought before the bubble (prior to 2002) and those who purchased during the bubble (2002-2006).
via agentgenius
As home values continue to tank, and cautious buyers continue to sit on the sidelines, a growing number of financially pinched homeowners — reluctant to sell their home at a loss – are choosing instead to rent their properties
via Zillow News.
So you’ve had your property up for sale and you just cannot get it sold. And while you prefer not to become a landlord, you are thinking that renting it out for a while may be the best option – at least you would have some money coming in. You have become an “accidental landlord.”
via Zillow News.
With falling home prices and higher inventories, most of the public views real estate as a “buyer’s market,” in which buyers hold more of the control and sellers will more eagerly accept lower offers just to sell.
Not so fast, say buyers and sellers. More buyers are finding the sellers in the driver’s seat
Remodeling your home might feel good, but it won’t necessarily increase its value to a buyer. Here are the jobs with the worst paybacks, according to Remodeling magazine and the National Association of Realtors’ Remodeling Cost vs. Value report.
via – Forbes.com.
Before you start any pre-sale renovation work, ask real estate agents for an appraisal of the property’s market value or get a valuation done.
via Star Canterbury.
