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Tips to Sell Your Marion or Cedar Rapids Home Quickly

by Heather Morris

Today’s real estate market in Marion and Cedar Rapids is nothing like it’s been in the recent past. Interestingly though, while the inventory of homes for sale is increasing, there still seem to be more buyers than sellers out there. This is good news for sellers, but you still shouldn’t forget the basics in order to sell your home quickly and for the right price.

Price is the key – priced correctly for the current market, a home should move right along in any market condition. Given the current low inventory of homes for sale, it may be tempting to price your property on the higher side. But, by tending toward the lower side, your home will command more buyers’ interest, and may even become the target of a bidding war. Starting high means there’s little room to rise; starting lower gives more wiggle room for the price to potentially increase.

Less may be best – when advertising your home, go for the “teaser approach”. The goal of marketing is to make contact with potential buyers. By giving just a small bite of intriguing information, you’re more likely to attract a wider audience curious about your home.

Don’t skimp on digital content – online marketing is a fact of life. More buyers than ever find their preferred properties on the Internet. Creating an ideal online presence for your home will help it find the widest audience possible. Social media outlets are king at the moment. Be sure to leverage them to their full extent.

Renovations aren’t always necessary – more than anything else, the price at which your home is listed is still the primary motivator in selling it. When you’re ready to sell, make any necessary repairs, but don’t feel pressured into making sweeping renovations and upgrades. You probably won’t recoup your investment in them, and they may not contribute all that much to the process of attracting buyers to your home.

Selling your home needn’t be stressful. With the help of a professional realtor, you can relax and know that all of your t’s are crossed and your i's are properly dotted. Whether you’re thinking of selling your property or looking for a home that’s just right, I’m here to take you through the process. Contact me today, and let’s get down to basics.

 

Heather Morris

Skogman Realty

341 8th Avenue

Marion, IA 52302

(319) 350-7653 (SOLD)

 

http://www.heathermorrisrealtor.com

Beating the Heat in Marion and Cedar Rapids

by Heather Morris

There’s nothing quite like summer here in Marion and Cedar Rapids – warm days and long, twilight evenings. Unfortunately, summer can also mean high heat and humidity, and an uncomfortable indoor environment. Here are some ideas to help you keep your cool this season.

Ceiling fans are one of the most economical beat-the-heat upgrades you can make. They’re relatively inexpensive to buy, and there’s an almost unlimited range of sizes and styles to fit your room and decor. For the cost of running a 100-watt bulb, the wind-chill effect they create will help you keep your cool. If you use air conditioning, running a ceiling fan in conjunction with it can save you 40-60 percent.

Speaking of air conditioning, make sure your unit is situated on either the north or east side of your home to keep it out of the direct sun as much as possible. If you can’t move the unit, consider planting trees or shrubs that will give it shade during the sunny months. Getting it out of the sun can save you 10 percent in electricity usage. Don’t forget to clean and change the filters, too. That can save you another 15 percent.

Your home’s windows let in almost 40 percent of the unwanted heat that accumulates during the day. Installing plantation shutters that let you control the light while letting in fresh air are a good option. A more costly one is to install insulated shutters, which can reduce heat exchange by up to 80 percent. A simple option is to use sun control film, much like what you see on some car windows. They reduce heat and glare, but bear in mind that they also reduce the amount of light that gets in. The most basic option of all may be your indoor window treatments. Honeycomb or cellular shades act as insulators, and some even have reflective coatings to block out the light.

Summer is also a great time to find the home of your dreams. The warm weather makes moving simpler, and the current market conditions make this the perfect time to both buy and sell. Call me today, and let me show you just how great this summer can be.

 

Heather Morris
Skogman Realty
341 8th Avenue
Marion, IA 52302

(319) 350-7653 (SOLD)

http://www.heathermorrisrealtor.com

Buying Still a Better Option for Marion and Cedar Rapids

by Heather Morris

Just when we felt ready to let out a sigh of relief about the recovery of the housing market, we hear that mortgage interest rates in Marion and Cedar Rapids are on their way back up. Believe it or not, this really isn’t such a bad thing. Rates for the rest of this year will likely stay below 4%, and even if they were to rise higher, you’d still be better off buying a home than continuing to rent.

Zillow’s chief economist, Jed Kolko, announced that mortgage interest rates would have to rise to more than 10.5% before renting became a better option than buying. He noted that although home prices are creeping upwards, they’re still lower than they were before the market downturn. What’s more, they remain low relative to the monthly cost of renting a similar home.

Kolko and his team calculated the cost of buying and renting identical sets of properties including maintenance, insurance, taxes, closing costs, down payment (they used a figure of 20% down), and the monthly mortgage payment on a 30-year fixed-rate loan. They also assumed that, on average, people would stay in their homes for seven years, would deduct their mortgage interest and property tax payments at the 25% tax bracket, and would enjoy modest home price appreciation.

After all the numbers were crunched, the team discovered that buying remains cheaper than renting as long as the mortgage interest rate remains below 10.5%. This means that with mortgage rates at their current levels, 3.9% or so, buying is 41% cheaper than renting. Even if the rate rises to 5%, buying would still be 34% cheaper than renting. Kolko also noted that we haven’t seen mortgage interest rates of 10.5% since the 1980s.

The bottom line is that now is the perfect time to enter the real estate market whether you’re buying or selling. There is real demand for homes and prices are rising. There are more homes on the market from which to choose, and the mortgage interest rate is still very attractive. It’s a win-win situation. Give me a call today, or stop by the office, and let’s get you into the game!

 

Heather Morris
Skogman Realty
341 8th Avenue
Marion, IA 52302
(319) 350-7653 (SOLD)

http://www.heathermorrisrealtor.com

Displaying blog entries 1-3 of 3

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Heather Morris
Skogman Realty
341 8th Avenue
Marion IA 52302
(319)350-7653

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