Landscaping Improvements Protect Property Values

Team CHR Selling

Real estate prices may continue to go up. They may retreat. However, you don’t have to be the victim of market whims. There are strategies you can employ to protect your property value. Our favorite strategy is landscaping. Why? Landscaping is unlike any other improvements that you do to your property. Improvements like new kitchens or window coverings get dated …

Seller Strategies for Finding A Replacement Home

Team CHR Selling

Right now, sellers can sell quickly and for more than their home has ever been worth in many cases and still have options to implement strategies to protect themselves in case they cannot find an appropriate, exciting or acceptable replacement home. Here are some of those strategies:     Have home totally prepared, ready to go to market, then find …

Another Real Estate Bubble?

Team CHR Buying, Selling

Is it deja-vu? Have we seen this movie before? The metro Denver real estate market has made a dramatic turnaround — going from a buyer’s market to a seller’s market in short order. With prices rising dramatically, is this just another bubble that is going to come crashing down? Not necessarily. Historical perspective shows this. The accompanying chart shows the …

Multiple Offers Impact Buyers … and Sellers

Team CHR Buying, Selling

Multiple offers on a given property become common any time we enter a strong seller’s market. This phenomenon can create frustrations for buyers. Less appreciated is the fact that it can create headaches for sellers too. This multiple offer situation is new in the sense that it is different from what we experienced in 2008 through 2012. However, it is not …

The Challenge of Repositioning

Team CHR Buying, Selling

Repositioning. What is it? You own a house. You need to sell it to buy another because the one you own is too small, too large, too old or in the wrong area. Or, you’re just tired of it. Or, there has been a marriage, a divorce, a death, a job change, or … well, the list is endless. Repositioning is …

The Myth of the Winter Slump

Team CHR Buying, Selling

Here is a piece of conventional wisdom about real estate: It is slow in the winter. The holidays are busy. People are preoccupied with other things. No one is thinking about real estate. Not so fast. The stats tell a different story. If we look at the winter months of late December thru late March, it is not uncommon for …

Zillow Zestimate Zaccuracy

Team CHR Buying, Selling

One of my daughters told me about a friend that negotiated a price on a condo she bought in Chicago based on the Zillow Zestimate of the value of property. Ouch! Those zanny Zillow Zestimates (how much alliteration can I squeeze in here) are familiar to many of you. If not, just know that a “Zestimate” is Zillow’s term for their estimate …

Thinking Outside the Trapezoid

Team CHR Buying, Selling

We’ve collected a series of posts related to Innovation — we call it “Thinking outside the Trapezoid”. Yes. We know. The typical phrase is “thinking outside the box.” However, that phrase is a traditional metaphor for the idea of thinking in innovative and creative ways. Using it is, in and of itself, not very creative and innovative and therefore not …

Short-Circuited Promotion

Team CHR Selling

Many homes are getting sold prior to officially going on the market these days. It can happen for a variety of reasons. Some are outright sinister and unethical. Even when done innocently and naively, it is a strategy that often causes you to put less money in your pocket than you otherwise would. Here is a scenario that happened recently. …

Marketing Mayhem

Team CHR Selling

Many real estate companies try to out bid each other on marketing. They tout their 89-point marketing plan or 117-point marketing plan or 2,533-point marketing plan. It seems to be driven by a “more is better” philosophy. It gets kind of silly. The marketing plan we’ve adopted at CHR is different. Rather than just do a bunch of stuff without …

Bad Advice About Home Pricing – From Agents

Team CHR Selling

One of the first things I was told when I started working as a real estate agent is that I had a solemn moral and ethical obligation to scare the #@%*^ (daylights) out of sellers about the dangers of over pricing their homes. Grizzled veterans explained that over pricing a home leads to many bad things: fewer showings, longer time …

Begin with a Feasibility Study

Team CHR Buying, Selling

Thinking of selling one home and buying another? A “feasibility study is a good place to start. It shows you how much money you’ll put in your pocket if you have a house to sell and outlines the cash and monthly payments required to get that house you’d love to buy. See a sample feasibility study HERE.