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Jessica Buttrey

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Reasons why your home may not be flying off the Market!

by Jessica Buttrey

1. The House is Overpriced

This is usually the number one reason a home won’t sell. An overpriced home just isn’t a practical investment for most home buyers. As should’ve been revealed in the comparative market analysis (CMA), what other, comparable homes have recently sold for should give you a good estimation of a reasonable selling price for the listing in question.

If the seller is standing in the way or insists on a higher selling price due to his/her emotional attachment to the home, try to help him/her be more objective regarding the true value of the property.

2. Buyers Market

If the current market is a buyer’s market, meaning there are a lot of homes on the market to choose from, then the home may not be selling due to tough competition. If it’s a possibility, you may decide to take the home off the market and wait for inventory to drop.

3.  The House is Overly Personalized

You want buyers to imagine themselves living in the home, so make sure your clients remove or store their personal items. It’s rare that a buyer will have the same taste as the seller, so making the house as neutral as possible is your best bet. Making the house less cluttered and more tidy will also make buyers feel more comfortable in the home.

4. Sellers must be Flexible

If you are having difficulty with your clients, it may be time to sit them down for a chat. Some sellers are inflexible with showing times and don’t make their homes as accessible and available as possible. With these clients, you need to reinforce that their lack of flexibility will result in their home spending a longer time on the market, and the longer a home is on the market, the lower the selling price will be. Furthermore, reinforce that if the house doesn’t get shown, it won’t get sold.

5. Location

Unfortunately, you can’t do much about this. Real estate really is about location, location, location, and if the property isn’t in a good spot, it may take a while to sell. Make sure the sellers know how important it is for a home to have good, inviting curb appeal, even if the location is not ideal.

6.. The House is in Need of Some TLC

If it’s obvious to the naked eye that the home needs some TLC, it won’t sell very quickly—if at all. Encourage sellers to give their property a facelift by doing small things like repainting certain rooms, making small repairs, replacing fixtures, and doing some landscaping. Buyers interested in fixer-uppers are few and far between these days, and two-income families want to spend the weekend relaxing, not repairing.

7. The House Smells Bad

This may seem like more of a cosmetic issue, but you’d be surprised how many potential buyers are turned off to a home because of a bad smell. Whether the sellers forget to take out the trash, have pets, or are smokers, they need to make sure their home smells spiffy when it comes time to show. Recommend that sellers get a professional cleaning done before any showings are scheduled, and, if necessary, to have carpet cleaning and furniture cleaning performed as well.

415 33rd St N Great Falls, Mt. 59401

by Jessica Buttrey

http://www.flexmls.com/share/EqZa/415-33rd-ST-N-GREAT-FALLS-MT-59401-

Should you Buy a Fixer-Upper?

by Jessica Buttrey

Should you buy a fixer-upper? Real estate infographics

Top 10 Reasons to Hire A Real Estate Agent

by Jessica Buttrey
Top 10 Reasons To Hire A Real Estate Agent - Infographic
 

 

Let us turn your dreams into an Address

by Jessica Buttrey

Finding a good real estate agent/broker is essential to enjoying a painless real estate transaction. The best agent for you doesn't necessarily work at the largest brokerage, close the most transactions or make the most money. The best agent for you is an experienced professional who will WORK for you, conduct themselves in an ethical manner and knows the market.  The sale of your home could well be the most important financial transaction you have ever been involved with.  The person you select can make it a satisfying and profitable activity, or a terrible experience.  It's your home, and your money.  The choice of your REALTOR is up to you.  We at Buttrey Realty promise to go above and beyond to provide you with the best service in the business, whether you are buying or selling....put us to WORK for you!

 

Why Use a Realtor to sell your home?

by Jessica Buttrey

Why you should use a real estate agent to sell your home

by Jessica Buttrey

New Home Sales are Hot!

by Jessica Buttrey

New home sales hit five-and-a-half year high in January

 

WASHINGTON (Reuters) - Sales of new U.S. single-family homes surged to a 5-1/2-year high in January, possibly easing concerns of a sharp slowdown in the housing market.

The Commerce Department said on Wednesday that sales jumped 9.6 percent to a seasonally adjusted annual rate of 468,000 units, the highest level since July 2008.

December's sales were revised up to a 427,000-unit pace from the previously reported 414,000-unit rate. Economists polled by Reuters had forecast new home sales, which are measured when contracts are signed, falling to a 400,000-unit pace in January.

Sales in the Northeast soared 73.7 percent to a seven-month high, while the South recorded a 10.4 percent rise in transactions to a more than five-year high.

These regions along with the Midwest have experienced unusually cold weather that has been blamed for holding back economic activity. Sales tumbled 17.2 percent in the Midwest last month, while rising 11 percent in the West.

New homes are a small segment of the housing market, which lost momentum in the second half of last year following a run-up in mortgage rates and a shortage of properties for sale.

Higher borrowing costs and home prices mean that properties are less affordable for many, especially as income growth remains tepid.

Yields on 10-year and 30-year Treasuries rose after the release of the housing data, while U.S. stocks were trading broadly higher.

A separate report on Wednesday showed applications for loans to purchase homes fell 4 percent last week from a week earlier, hitting their lowest level since 1995.

Sales of previously-owned homes tumbled to a 1-1/2 year low in January and housing starts recorded their biggest decline in nearly three years last month, according to data last week.

That raised concerns that the sector, which is key to the economy's recovery, was slowing down sharply.

New home sales rose 2.2 percent compared with January 2013. For all of 2013, sales were the highest since 2008.

Last month, the supply of new houses on the market was unchanged at 184,000 units.

New house inventories are likely to remain lean for a while as builders complain about a lack of lots, materials and skilled labor. With household formation falling sharply last year, housing activity could remain constrained for a while.

The median price of a new home last month rose 3.4 percent to $260,100 from January 2013. The pace of price increases, however, has slowed in recent months.

At January's sales pace it would take 4.7 months to clear the supply of houses on the market. That was the fewest months since June and was down from 5.2 months in December.

A supply of 6.0 months is normally considered a healthy balance between supply and demand.

(c) Copyright Thomson Reuters 2014. Check for restrictions at: http://about.reuters.com/fulllegal.asp

Home is Where the Heart Is!

by Jessica Buttrey

Few tips for these freezing Temps! Stay warm and safe Montana!

by Jessica Buttrey

Displaying blog entries 1-10 of 24

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The Buttrey Team
Buttrey Realty
708 Central Ave
Great Falls MT 59401
Office: (406) 452-6460
Fax: (406) 770-3013