Chicago, IL (PRWEB) December 6, 2006
What’s In, What’s Out with Homebuyers in 2007 by Mark Nash is based on a survey of 923 real estate agents, brokers and managing directors of associations responded to a survey request in Agent to Agent ezine, published by Mark Nash. Agent to Agent is distributed monthly to real estate professionals in all fifty states and Canada. This article is a desire to run free with the permission of the author. Contact Mark if you would like additional quotes for your article.
-correction of housing. My prediction in 2006 “What’s In, What’s Out” I expected a decline in home prices soft in most markets. In 2007, plans for a 5-8% drop in prices on average between single-family homes and condominiums.
-houses that are priced right. It is not the market boom of 2005, just look at the comparables sold from the last six months. Forget the cocktail party chit-chat when all you heard was record prices in the shortest time on the market in the history of U.S. real estate.
-line home evaluation sites (Zillow.com). Mainly those using updated data and reliable home sale. Technology is great when it works, but proceed with caution online web sites for evaluation. Ask yourself how long does it take your recorder of deeds and real estate transactions to save? If the last-minute, ok, if not, plan time lead in online assessment to spit accurate information.
-market timing. Many buyers and sellers were on their own time in 2006 and have missed opportunities that were created by not recognizing the real estate markets ebb and flow. Spring is high market, most in demand by the largest number of buyers. Summer is a good market, fall is just, and winter is the rest of the market, buyers and sellers left in the markets, a good and fair.
-Savvy buyers. With interest rates historically low and curved to the request for a sweet year, in 2006, offers and lack of frenzy will not last long. “The request for advance” from 2006 could trigger a mini-frenzy in some markets.
-officetels or third place. Home offices are on the rise, while those who work for one, need more coffee or a hotel lobby for business meetings. Look for alternative work spaces that fill the home office with locations at the time of the conference room-type spaces that offer technology and privacy.
-Upscale garages. It is no longer the ground out of sight-out-of-mind dumping. Garages today want them decked out with cabinet and storage systems, mini-refrigerators, insulation, heating and air conditioning and flooring durable but residential-looking statements.
-Caving. Man caves and Mom caves out of the closet. Personal dedicated space for a person in a household can not go to work on projects or “cold”, without being disturbed and if so, in an emergency.
-Two home offices. Rising gas prices and travel times have created two more home-work-at-families. Size matters, make sure that everyone is at least ten by ten feet.
rooms. A unique space for exercise, meditation, yoga, sauna and fancy steam showers. Showers are going upscale too. Cascade, programmable temperature and water flow are the next trend for “showerers”.
-heated patios, sidewalks and driveways. Northern baby-boomers are tired of shoveling and looking for ways to reduce winter maintenance, and many have discovered how also heating the patio can add an extra couple of fun weeks in spring and autumn.
-hum rooms. Optional in new homes, next to two other rooms to the master, relief “circular saw” and an alternative to the couch. A boon to millions of relationships nationwide.
-modular housing. Many believe that the range typical old-fashioned double as modular, but modular options and quality have exploded from the upper end 11 000 square foot home, with every whistle and bell, complex finishing details, the bread and butter 1200 square foot starter home. Low-cost, factory-built construction and design of the fast time of foundation, make this affordable wave of the future.
-Sustainable Design. Sustainable design is based on three areas, the conservation of energy conservation, quality of indoor air, and resources. Considered new age in rural construction, sustainable design looks at homes holistically, not just a group of unrelated systems thrown together. Natural forms of energy such as wind, solar and geothermal if it is available on the site, are maximized.
-structured wiring. Until then, with all the buzz about green homes is structured wiring, now in the mainstream must-have for buyers of technology at home. TV coaxial cable (RG-6), Category 5E voice and data lines, distributed radio, remote camera security are wired through a house in multi-outlet boxes called in the trade centers, home network .
-based finishes and kitchen wall cabinets. Matchy Matchy-is in the kitchen design. The new look is to have stained wood bases and painted wood cabinets above. Old Europe look at the rules, but with devices today.
– “As” in home sale marketing. Everything went on the market boom, but if you plan to use “as is”, in 2007, forget it. The two-letter two words kiss of death, buyers see it as a red flag on the house and you the seller. You have too much competition to drive buyers away.
buyer incentives. Free cars do not sell houses, not realistic prices. Gimmicks only confuse and distract buyers. Cut to the chase and deduct the cost of your free-with-purchase from your current price and send the signal to buyers that you are selling real estate is not personal property.
-open. The pendulum has swung open to “the house sold the first day” to “we must have our house open every Sunday.” Desperation is when your house is open every Sunday. Buyers know and track it. Plan on every three weeks for an open house.
-Over-full-price offers. It was a strategy on the market boom in the price of a house and let the market set the price. Not today, something that will not change in 2007 is that each buyer will want a deal, and a walk if they do not receive one.
-Rooms not big enough for a bed. In the boom, developers and rehabbers have learned the best way to profit was to increase the number of rooms of a house for a house. Rooms reduced to walk-in closet size when a four-bedroom one-bedroom was gut-rehabbed in a room with two to four bedrooms. Or, doors and windows to eliminate the space wall. Savvy agents kept asking, can you install a queen-size bed in both rooms? And the answer was usually, no.
lifting upper glass doors kitchen cabinets. Buyers say it looks great, but many who specified and experienced first-hand do not have time to keep their kitchen cabinets organized. Plus if you hate washing windows, more glass in a room as a fatty food is high-maintenance.
-bowl-shaped sinks below cons. Splash-and-keep all earned the reputation of these beautiful looking, but do not want one.
shiny metal finish. Brushed nickel and tin are antique brass, polished and released.
-steel refrigerators and dishwashers are a fading trend. The cold look and higher maintenance of steel moves buyers to specify warmer colors in kitchen appliances.
-Spiral staircases. Once the rage for mid-seventies to do more, now the death of a salesman at home. The baby boomers have aged, their children do not like them, hostile to pets and young children. You take and put it in a standard staircase (inside or outside) before you sell.
-Bamboo floors. First reviews are on this popular eco-floor, and they are not pretty. Easily dented and scratched, and subject to deformation changes in our climate and humidity levels.
. The word is out that these poor parents of noisy solid wood can not withstand multiple sanding to change the color or to remove stains.
-sellers who smoke in their home while it is marketed. Buyers hate the smell of secondhand smoke and stale. Marketing your home is not the same as living in it. If you have to smoke to exit.
? Copyright 2006 Mark Nash
About Mark Nash
Mark Nash is a real estate columnist author, broker and syndicated based in Chicago. The author of five books, his latest Real Estate AZ for buying and selling a home is available in December 2006. The Library of Congress has invited Mark to Washington, DC, to present his fourth book 1001 Tips for buying and selling a home March 21, 2007. He contributes residential real estate analysis to Bloomberg TV, Business Week, CBS The Early Show, CNN, HGTV.com, Smart Money magazine, The New York Times, The Today Show and USA Today.
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