Posts with tag 'rockford real estate'
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Rockford Real Estate Online - September 2014
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Rockford Real Estate - Monthly News and Tips
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Rockford Real Estate Online Magazine - July 2014
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Is Rockford a Buyer's Market?
Many people are currently asking if Rockford is a buyer's market. Let's look at the numbers. Right now, a lack of new listings is driving the time it takes to sell a home to historic lows. Last year, it took nearly 10 months to sell a home in the Rockford real estate market but this past May it took less than 6 months. That's nearly 4 months less time. The last time the absorption rate was this low was in summer 2007. The Rockford market housing inventory his 1,870 homes this May, almost 30 percent less than last year at this time. At the mid-level price range, multiple offers are competing for a scant supply of homes for sale. Properties are getting asking price and then some. Prices for mid-level homes are up double digit year over year and rising at a brisk pace. One of the theories of real estate is that a six-month supply of homes is considered a balanced market. When inventory rises, buyers get the upper hand and prices turn soft; with lower supply, sellers call the sh...
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Top 10 Things to Do Before Selling Your Home
What are the top 10 things to do before selling your home? With the buyer's market that has returned to the world of real estate, there's never been a better time to place your home on the market. But before you actually put your home up for sale, here is a plan to use that can help maximize the value of your home along with creating the fewest number of seller concessions when you get an offer from a potential buyer. When selling real estate, you want to make some important improvements that will not only increase your ability to get a top price but also help sell it quickly. These Top 10 Things to do before selling your home are inexpensive tips that can also make your home more inviting to prospective home buyers. 1. Paint the façade of your home including your front door 2. Trim the plants and plant seasonal flowers 3. Paint the inside of your home with neutral colors 4. Replace, repair and/or clean your home's flooring 5. Make major repairs if needed plus get...