Tuesday, December 9, 2008

How Many Real Buyers Are there?



In a changing market, our job is to not only market your property and manage the transaction, but also to help you get the most for your home. One of the best ways to do that is to price your property right at the right point in the market. Not too high, not too low. Of course, we're always watching and listening to buyers and what they look for.

Another way to look at HOW MANY REAL BUYERS are in the market. The bar graph to the left shows that for Millburn and Short Hills homes for the most recent 2 months. The blue bar is buyers, the red bar is sellers.

Review this and look for updates on Millburn and Short Hills home sales as well as sales data for Chatham, Madison, Summit, New Providence and other New Jersey Midtown Direct towns.

Post your comment or question or request for information. I look forward to serving you and helping you sell your home for the highest value the market will bear.

Friday, December 5, 2008

Which remodeling projects pay off most?

Every year Realtors across the country help compile the National Association of Realtors' Remodeling Cost vs Value Report which helps us understand the "market" value of renovations and additions. This report, this year, highlighted that Curb Appeal is more important than ever!

For example, the most "profitable" project nationwide was upscale fiber cement siding (such as Hardy Plank) which recouped 86.7% of costs. Wood decks followed at 81.8%.

Now, if your house does not need new wood siding, perhaps a fresh coat of paint will do the trick of enhancing your curb appeal. Check with your realtor as to what are popular color combinations, if you're not sure. We're out with buyers all the time and know what they like.

In addition to the siding, pay attention to your walkway and fences. Are they in good shape? If not, paint or remove or replace the fence. Repair, if possible, the walkway. Or, replace it. Unless this is something you really know how to do, hire a professional mason. You will see 100% of this investment when you sell.

Other ways to improve your curb appeal is plants. Certainly in Summer, Spring and Fall flowers and flowering plants give the biggest bang for your buck. In winter, charming pots with evergreens strategically placed will work wonders. Outdoor lighting is also a great way to make your home more appealing to buyers in the early evening, especially since it gets dark so early. Let your home be noticed even after the sun goes down.

Contact me or your Realtor for the complete remodeling cost vs value report for your area. Ask us to help you stage your home in Chatham, Summit, Madison and Short Hills for top curb appeal. We'll help you get top dollar even in today's market!