Archives: May 2016

Don’t Price Yourself out of the Market

LansdownePricing is probably the most important dynamic in selling your home. To invite reasonable offers, your property needs to be perceived as the best value of all the competing homes for sale.

Buyers are savvy and know about the properties that are in competition with your home. A list price that is too high may drive them to purchase your neighbor’s home instead. Remember, the goal is to receive offers. It is always better to turn down an offer than receive none. This keeps you in control.

Perfect Timing

Everyone wants the highest possible selling price. In our experience, this is most likely to occur when your home is priced correctly from the beginning. New listings receive the most attention during the first 30 days they are on the market, and the showing activity is at its highest during this time as well. The number of buyers looking at your home goes down over time regardless of the price.

It is also crucial that the “correct” buyer actually sees that your home is for sale. A majority of buyers search using price range parameters. A home that is priced too high may not show up in their searches. For example, if the fair market value of your home is $300,000, and you have it priced at $350,000, the buyer searching for $300,000 homes likely won’t even see it. And it won’t stack up to what the buyer looking at $350,000 homes is expecting. Also, you may be perceived as a non-motivated or unrealistic seller.

At Thomas & Company, we work closely with our sellers to determine the best possible price to get their home sold quickly and for top dollar.

The 6 Resources You Must Use When Buying a Home

a couple searching on a computerScrolling through online listing photos, scouting for the best neighborhoods, and pondering décor in your new home is fun. But the home search itself is not the only enjoyable experience; the entire home buying process can be pleasant when you have access to the best tools.

Here are the top six resources you should use to make buying a home easier and enjoyable.

1. A Wants vs. Needs Checklist

First determine what price, location, size, and any special features your new home must have. Then you can hone in on your favorite properties by searching for additional features that you would prefer.

2. A Mortgage Payment Calculator

What do you want your monthly mortgage payments to be? We have an easy mortgage payment calculator you can use to find out how much you can afford for a home. This tool takes into account the length of the loan, the interest rate, and annual tax and insurance to calculate how much you will pay every month.

3. A Reliable Home Search Tool

a person holding a magnifying glass over a houseIf you are using national real estate sites to search for homes near you, keep in mind that you are not seeing all the homes that are for sale. HousingWire reported that websites such as Zillow show fewer listings than are available in many major cities, which means you could be missing out on the best home.

The best source for your home search is a real estate agent and a database of available properties called the Multiple Listing Service (MLS).

4. A Local Neighborhood Guide

Choosing the best home involves more than the property itself. It’s important to research areas and neighborhoods. Here are a few questions you may want to consider when researching communities:

  • Does the community offer amenities, such as a swimming pool or fitness center?
  • What are the parking options in the community?
  • Where is the nearest grocery store, gas station, or shopping area?
  • How is the local school district?

We have helpful information about neighborhoods and areas on our website that you can use when searching for a home.

5. A List of Recently Sold Homes

a line graph with a magnifying glassResearching the real estate market will also make your home search much easier.

If you are thinking of buying a home in a particular community, ask us for the Neighborhood Sold Report, which can help you determine whether the home is fairly priced.

You can always ask us about the real estate conditions in this area, too.

6. A Local Real Estate Expert

But your best resource for buying a home in this area is the local real estate expert. He or she will have all of the tools you will need, including sold data and an easy-to-use home search, to help you easily find the best home.

Are you ready to buy a home? Let us help! Contact us today and we can work with you to find your ideal home.

home buyer receiving key to new home

3 Resources You Must Use Before Selling Your New Albany Home

If you have been seriously considering selling your home in New Albany, one major question on your mind may be “where do I begin?” There are several factors to consider when you do sell your home — your home’s equity and market value, for example — but we have compiled a list of the three best real estate resources to use before you list your home.

1. New Albany Neighborhood Sold Report

a fluctuating line graph on a laptopDo you know if your neighborhood is a sought-after community for home buyers? Understanding the current market conditions in your area is one of the first steps to take before selling your home in New Albany.

The New Albany Neighborhood Sold Report™ will provide you with a list of homes that have recently sold in your area, giving you access to information about the size and value of these properties.

2. New Albany Home Evaluation

As we wrote in a previous blog post about Zestimates, many online home value tools are inaccurate; in the case of Zillow’s home value tool, the “median error rate” is 8%, which can cost you thousands of dollars if you rely on Zestimates to sell your home.

Pricing your home right is crucial if you want to maintain your hard-earned equity but don’t want your home to languish on the market. Use our New Albany Home Values Analysis™ to determine what price is best for selling your home.

3. Home Staging Essentials

a paint roll and paint brushesBefore you list your home on the market, you want your home to look its best. Declutter, deep clean, and depersonalize your living spaces so that:

  • buyers can imagine living in your home,
  • your online listing photos will stand out, and
  • you will have an easier time packing for your move.

Follow our essential home preparation tips before you list your home.

Time to Work with the New Albany Real Estate Experts

Have you found these home selling resources helpful? If you have specific questions about the New Albany real estate market, we can provide you with the answers; please do not hesitate to contact us.

As New Albany real estate experts, we keep up-to-date with current market conditions and have additional resources you need to sell your home quickly and for the most money. Ready to sell your home? List your property with us to get started.

5 Simple Ideas for a Low-Maintenance Indoor Garden

a small potted plant on a living room tableMany homeowners find gardening is an enjoyable outdoor activity with several additional benefits: enhancing curb appeal, creating bright pops of color, and even providing homegrown ingredients for meals.

But outdoor plants need just the right amount of sunshine, space, fertile soil, and maintenance to be able to flourish.

You don’t need to abandon your dream of having a garden if you don’t have the space — bring the garden indoors! Here are a few ideas to spice up your home with easy-to-maintain indoor plants.

Grow Herbs on Your Kitchen Windowsill

Cooking can be a breeze when you have fresh herbs within easy reach. Choose a spot in your home with a lot of natural light, plant your favorite herbs in a container with great drainage, and you’ll be all set.

Make Your Own Terrarium

Transform an elegant glass container into a beautiful closed terrarium filled with succulents. Not only are succulents durable indoor plants that don’t require much water or sunlight, they come in a variety of colors and textures to enhance your home décor.

You can view step-by-step instructions for creating a terrarium on this HGTV guide.

flower on a living room tableFreshen a Table with Indoor Flowers

Place a brightly colored flower on the coffee table or dining room table to instantly add a focal point to the room. African violets and geraniums come in a variety of colors to match your decorations.

Create a Small Garden on a Tiered Stand

If you want to fill an empty space with color, place a variety of indoor plants or flowers on a multi-tiered stand. This small garden is a perfect addition to an empty corner or blank wall, or at the end of a hallway.

Choose Easy-to-Maintain Plant Varieties

The best indoor plants are durable and do not need much sunlight, warm soil, or water, making them the best choice for your low-maintenance indoor garden. Top picks for easy-to-maintain plants include:

  • Pothos
  • English Ivy
  • Peace Lily
  • Rubber Tree
  • Ficus

a leafy indoor plant in a potYou Can Use Plants During Your Home Staging

When you’re selling your home, you don’t have to get rid of your indoor plants to help your home sell. Placing a few simple plants or flowers in a room can make it feel fresh and look like home.

If you’re considering selling your home or are preparing to put your home on the market, we can help you decide which elements of your small indoor garden would be most effective during home staging. Just contact us; we would be happy to help.