The Keiths Blog

Price per square footagePrice per square foot is a concept in real estate which is easy to understand and just as easy to misuse. The formula is pretty simple: To determine price per square foot, you take a price, such as sale price of a home, and divide it by the square footage of the property.

 Price per square foot is useful in looking at broad market comparisons, such as comparing one entire metro area to another, or looking at an area’s average change over time. It is not, however, terribly accurate in figuring out the value of your home.

 Why? Well, price per square foot fails to take into account the most important factors when pricing a home.

 First and foremost, it makes assumptions about the home’s amenities. We all know the quality of materials used in home

281 Views, 0 Comments

Lowball OfferAs your agent we are required to bring you any and all offers made on your home, so once and a while you’ll receive what’s known as a “lowball” offer. Lowball offers are buyer offers which far fall below your asking price. Sometimes they’re so low that they only serve to make you angry.

 Don’t get angry! While selling your home is an emotional process, there are rational, effective strategies for dealing with the lowball offer. Sometimes the lowball offer can even turn into the right price if you handle negotiations the right way.

 1. Remain calm. Your urge may be to tell the buyer to go #*&@! themselves, but there’s nothing to be gained in making enemies.

 2. Understand that sometimes buyers aren’t familiar with true market value. They may be

273 Views, 0 Comments

Gina Enderlein

 

Meet Gina,At noon tomorrow Top Agent Gina Enderlein will be on the show live as we broadcast remote from the Rack Shack...

Posted by Hittner Group - Real Estate Chalk Talk Radio Show on Saturday, December 12, 2015
425 Views, 0 Comments

Given the way most communities work, the location of a home dictates the local school district. The quality of the school district can have a direct impact on the value of your home. Even if you don’t have kids or don’t have to plan kids, the quality of the local schools can positively or negatively effect your home’s value. Buyers tend to prefer homes in good school districts, either because they have school-aged children, or they are thinking of resale value down the line.

So how do you know if your local schools make the grade? What signs point towards an improving or declining school district? Here are a five things you’ll want to consider:

1. Test scores. It’s a basic measurement of student performance and educator effectiveness. Look at the

206 Views, 0 Comments

We recently helped a very nice couple work through the process of selling their large home and building a new townhome that is perfectly suited for them in their more seasoned years. While going through the process with them, I got to thinking that maybe you could benefit from some of the considerations we made when selecting where and what to build. If you are planning to move or stay put here are some thought provoking tips.

If you love your home and plan to live it in through your retirement years, you’ll want to be sure it’s safe for you as you face some of those little challenges aging presents. Assess your home and see if there are any changes you may need to make. Doing so will not only reduce the risk of injury, but it will also give your loved

243 Views, 0 Comments

It’s common sense to have a garage sale before your big move. There’s no reason to pay movers to load boxes of items you can do without. Plus, who needs the clutter in their new home?

But have you ever considered a garage sale after you’ve moved into your new house?

It’s actually a great idea for a number of reasons:

Why did I save this stuff? When you unpack items in you new home, you’re likely to come across a lot of stuff you find you can live without. What seemed essential in the old place just loses its luster in your new space.

But I thought this love seat would fit in here! Despite our best plans, old furniture can turn out to be a poor fit in new spaces. You don’t necessarily have to live with the mistake. Prep it for sale.

Who are

347 Views, 0 Comments

Like most things in real estate, neighborhoods are constantly changing in value. In some cases they can improve rapidly and decline gradually, but more often than not they change slowly, over time.

Ideally, you want to buy property in neighborhoods as they’re appreciating. You certainly don’t want to pay top dollar in a neighborhood which is in decline. So how can you tell which direction things are heading?

Home values over time are one way to tell, but they tend to lag behind the trends. Values reflect what the current situation is… they don’t predict the future.

While you definitely want to observe a neighborhood first-hand at different times of day and night, here are some other indicators of neighborhood value trends:

Positive indicators:

286 Views, 0 Comments

All sellers want their home to sell for the highest possible price. This is one reason it’s why it’s so easy for agents to “buy” listings. If you’re not familiar with the concept, “buying” a listing is when an agent (unscrupulously) tells a client their home is worth far more than the market value in order to win the listing.

Sellers are susceptible to this tactic because they want to believe, however irrationally, that their home is for some reason or another worth more than comparable homes on the market. Sometimes, though, sellers believe high home pricing is either an acceptable risk or even a benefit. Here’s what they say, and why it’s a problem:

1. “I can always come down in price later if I have to.” (and you will, it's just a matter of time)

369 Views, 0 Comments

The #1 Reason to Buy Right Now – THE MONEY!!

People often ask whether they should buy a home now or wait.  Recently released data suggests that waiting may not make sense as prices seem to again be on the rise. Let’s take a look at some of the data and commentary on the subject:

Ed Stansfield, chief property economist at Capital Economics:

“The current tightness of supply conditions would normally be consistent with much faster price growth. The continued steady growth in home sales that we expect this year will only add to this upward pressure on prices.”

Case Shiller Home Price Index

“The S&P/Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, recorded a 4.1% annual gain in March 2015 … with a 0.8%

287 Views, 0 Comments

Whether your home is two years old or a classic concrete block ranch from 1950, you can help your house hold its value and scream curb appeal with a few simple fair weather cleaning projects. Keeping a home in shape in a little like good dental hygiene… routine attention prevents major renovation!

With the sun shining, here are the top projects you should schedule before settling into vacation mode. Stay on top of these at least once a year and you’ll not only help your home shine, but you’ll fend off the threat of more costly repairs and replacements in the future:

1. Power wash. Blast off mold, oxidized stains, kicked up mud, and the grim insect life which can build up over the course of a year. This is good not only for your exterior walls, but

227 Views, 0 Comments