How to Price Your Home

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    When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area. Here are five criteria to look for in a sales comparison.

    1. Location: Homes in the same neighborhood typically follow the same market trends. Comparing your home to another in the same neighborhood is a good start, but comparing it to homes on the same street or block is even better.
    2. Date of sale: It varies by location, but housing markets can see a ton of fluctuation in a short time period. It‘s best to use the most recent sales data available.
    3. Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics.
    4. Features and upgrades: Remodeled bathrooms and kitchens can raise a home’s price, and so can less flashy upgrades like a new roof or HVAC system. Be sure to look for similar bells and whistles.
    5. Sale types: Homes that are sold as short sales or foreclosures are often in distress or sold at a lower price than they’d receive from a more typical sale. These homes are not as useful for comparisons.
Posted on March 22, 2018 at 7:05 pm
Heather Adkinson | Category: Community, Moses Lake Relocation | Tagged , ,

Modern Architecture in Moses Lake

I don’t know about you but the one thing that I wish Moses Lake had more of is Modern Architecture. There is something about the clean lines that speaks to my OCD. Looking through these articles and seeing all these beautiful homes make me wish we had a builder in town who did more modern homes. Are you a fan of clean lines or would you rather stick with the craftsman style?

Posted on January 3, 2018 at 4:47 pm
Windermere K-2 Realty, LLC | Category: Community, Home, Moses Lake Relocation | Tagged , ,

Moses Lake Agriculture Parade

The Moses Lake Ag parade has been a staple in this Agriculture town for over 20 years now.  Started in 1995 by Sue Tebow this year she will be honored with the title “Grand Marshall” of this yearly parade.

This parade, on December 1st, filled with lighted tractors, farm equipment, and community merchants, is a perfect accompaniment to the close ties that we share with Agriculture here in the Basin.  If you’ve lived here long enough we all know and have been helped in some way by the local farmers and their contribution to the community.  Just look towards the lighted corridor on I-90 through Grant County and you will see their willingness to make the holidays brighter even for those driving back and forth across the state.  Farm land ablaze with Christmas characters for miles keeps us all entertained in those long hours of driving.

This parade honoring our local farmers will begin in Sinkiuse square at 5:00 pm.  The local stores will remain open for shoppers and on the streets you will find toasted marshmallows, hot chocolate, fresh made mini doughnuts and best of all FREE french fries donated by Simplot.  In addition to the food there will be local dance and singing talent organized by Dale Roth in the square.  Lighted parade will begin at 7:00.

All of this is put on and hosted by the Moses Lake Business Association as they strive to supply this city with a thriving downtown community where local residents can enjoy the local food and fare.  Come join us, bundle up warm, as we pay tribute to the industry that keeps food on our table. We could not do it without all the help from this giving community.

Posted on November 29, 2017 at 6:55 pm
Heather Adkinson | Category: Great things about this little town, Moses Lake Relocation, Things to do, Uncategorized | Tagged , ,

Which Down Payment Strategy is Right For You?

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders.
But there can actually be financial benefits to putting down a small down payment—as low as three percent—rather than parting with so much cash up front, even if you have the money available.

THE DOWNSIDE

The downsides of a small down payment are pretty well known. You’ll have to pay Private Mortgage Insurance for years, and the lower your down payment, the more you’ll pay. You’ll also be offered a lesser loan amount than borrowers who have a 20-percent down payment, which will eliminate some homes from your search.

THE UPSIDE

The national average for home appreciation is about five percent. The appreciation is independent from your home payment, so whether you put down 20 percent or three percent, the increase in equity is the same. If you’re looking at your home as an investment, putting down a smaller amount can lead to a higher return on investment, while also leaving more of your savings free for home repairs, upgrades, or other investment opportunities.

THE HAPPY MEDIUM

Of course, your home payment options aren’t binary. Most borrowers can find some common ground between the security of a traditional 20 percent and an investment-focused, small down payment. Your trusted real estate professional can provide some answers as you explore your financing options.

 

Posted on November 16, 2017 at 5:35 pm
Windermere K-2 Realty, LLC | Category: Buying a Home, Moses Lake Relocation | Tagged , ,

5 Negotiating Tactics that Backfire

Negotiation is a subtle art in real estate, but skilled negotiators can usually find some common ground that satisfies all parties. On the other hand, using the wrong negotiation tactics can sink a deal pretty quickly. Here are some negotiation tactics buyers (and real estate professionals) should avoid:

1.      Lowball offers: Going far below market value when you make an offer damages your credibility as a buyer and can be insulting to the seller. The seller has a range in mind that they’ll accept, and if you’re not even approaching the low end of that range, they won’t even consider the offer.

2.     Incremental negotiations: Don’t continue to go back to the seller with small increases in your offer ($1,000 or less). The constant back-and-forth can grow tiresome and lead the seller to consider other opportunities.

3.     “Take it or leave it”: Try not to draw a line in the sand with your initial offer. The seller can get defensive and consider other offers if you immediately show that you’re unwilling to budge. Even if it’s true, don’t make a show of it.

4.     Nitpicking after inspection: Obviously if inspection reveals a major issue, it should be factored into the final sale price. But insisting on a lower price for every minor repair can put negotiations in a stalemate.

5.     Asking for more, more, more: Some buyers will request that the sellers throw in add-ons like furniture or appliances that weren’t included in the listing. Try to avoid giving the seller a reason to build up resentment and think that you’re being greedy.

 

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Posted on November 8, 2017 at 6:10 pm
Windermere K-2 Realty, LLC | Category: Buying a Home, Home, Moses Lake Relocation | Tagged , ,