Mia Stringer, Realtor

12/16/2021

Home News and Commentary Daily News

Misconceptions About a Seller’s Market

December 14, 2021

The housing market is hot, but some homeowners may overestimate just how hot it is when they go to sell. Real estate professionals shared with realtor.com® a few unrealistic expectations that some of their sellers have had, such as that their home has doubled in value since they bought it or that they shouldn’t have to make any repairs before closing.

“One of the biggest mistakes sellers can make is going with aspirational pricing just because it is a seller’s market,” Jeremy Bolger, a real estate salesperson with Brown Harris Stevens in New York City, told realtor.com®. “We have seen many deals get multiple offers and go at or over ask, but they almost always stem from buyers sensing some form of value. And if there is no perceived value, buyers will often stay on the sidelines, even with limited inventory.”

Not everything will sell for a price far above list price or as quickly as in a few days—or mere hours—even in this hot housing market. Real estate pros told realtor.com® that some of their sellers believe their home will sell in a few days and then become disappointed when it doesn’t. Homes that need some repairs, are in a higher price range, or have quirky features may still linger on the market, realtor.com® notes.

Also, even in a seller’s market, homeowners will still need to make repairs. Investors may be willing to overlook some repairs, but many buyers are in search of move-in ready, agents say.

“If the seller has a place that needs a touch-up or decorative work, it’s usually a good idea to do it ahead of listing,” Bolger told realtor.com®. “Construction and renovation costs are up sharply with all the supply chain issues. Buyers can be wary of purchasing a place that they will have to do work on, especially since the money spent there needs to be fully out of pocket versus buying a move-in-ready product and having everything rolled into the mortgage.”

Source: “6 Home-Selling Hopes and Dreams That Can Easily Turn Delusional,” realtor.com® (Dec. 13, 2021)

10/13/2021

According to Alabama Real Estate Journal, the current housing market shows price per square foot at $133 - $157 per square foot (depending on the area) In Huntsville AL, the median list price for a home is $274,900.

“Affordable mansion” may seem like an oxymoron, but even with skyrocketing home prices, there are still bargains to be had.

10/11/2021

Something to think about.

You’ve probably been told to consider a home’s “curb appeal,” before heading into the open house. This, of course, is an assessment of the home’s attractiveness from the street (the curb!). It’s the way the house’s facade and front yard presents to passers-by. Nice-looking curb appeal ...

09/24/2021

IN CASE YOU HAVEN'T HEARD....

08/16/2021

For all the new homebuyers....

Having recently purchased my first home, I’ve had a front-row seat to all the trials and tribulations that come with learning how to be a homeowner.

08/05/2021

Smart Tags Help You Find the Missing Pieces
Are you curious how smart tags work? Here's how they make it easy to locate lost items around the home and security against theft or loss when you’re out.

Day to day life has a lot of moving parts. Unfortunately, this sometimes makes it a little too easy to

08/04/2021

For all of you that have asked me, here’s some talking points. If there are foreclosures, they will have little impact on the housing market.

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen.

02/18/2021

If you are looking for a new home, let me know. I am here to help.

It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home.

02/16/2021

Are you wanting to sell your home? Here is some information that may be helpful.
https://miastringer.book.live/biz-card-book