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Downsizing is more than just moving into a smaller space—it’s about aligning your home with your current lifestyle and future goals. Whether you’re looking to simplify, cut costs, or start fresh in a new environment, 2025 could be the perfect time to make a change. But how do you know if downsizing is right for you? Let’s explore the key factors to consider before making your move.
As we step into 2025, the Reno-Sparks real estate market remains a dynamic and evolving landscape, shaped by the challenges and opportunities of the past year. With fluctuating home prices, inventory shifts, and rising interest rates, sellers and buyers alike are navigating a competitive and nuanced environment. In my latest podcast, I am joined by Elena Boland of Wholesale Mortgage for a comprehensive recap. We take a closer look at how the market performed in 2024, from key trends and median home price changes to inventory levels and buyer activity. Plus, we’ll explore the top 5 financial incentives sellers can leverage in 2025 to attract motivated buyers and close deals effectively. Whether you’re a seller looking to maximize your property’s appeal or a buyer seeking valuable insights, our podcast has something for everyone.
Selling a house during the winter months can be challenging, as the cold weather may discourage potential buyers. However, with the right strategies and some extra effort, you can successfully sell your home even in winter. Here are some useful tips for sellers to ensure a successful home sale this winter season.
The Reno-Sparks real estate market has experienced notable dynamics, reflecting broader regional and national trends. For this month's Reno-Sparks Market Update, Elena Boland from Wholesale Mortgage joined me to help break down the details of these real estate trends. We discuss the steady median home prices at $610,000, a 6% year-over-year increase, and mortgage rates in the low sixes for conventional loans. Learn about the shift in closed sales, seasonal inventory changes, and the key differences between conventional and government-backed mortgage rates as we look back at August's real estate market details for Reno-Sparks.
Our September 2024 Reno-Sparks Market Update podcast includes highlights on:
The recent settlement involving the National Association of Realtors (NAR) has sent ripples through the real estate industry, signaling significant changes for both home buyers and sellers. Starting on August 17th, buyers will need to sign agreements with their agents before viewing homes, both in-person and virtually. Additionally, sellers are no longer required to pay buyer's agent commissions, shifting the negotiation dynamics in the housing market. For anyone navigating the housing market, understanding the implications of this settlement is crucial, as it could affect everything from the price you pay for a home to the services you receive from your real estate agent. In this blog, I will highlight what the NAR Settlement means to homebuyers and sellers.
Hosting an open house is a pivotal moment in selling your home. It’s your chance to showcase your property to potential buyers and make a memorable impression. To ensure your open house is a success, careful preparation is key. Here are some essential tips to help you get your home ready:
First impressions matter. A clean, clutter-free home helps potential buyers envision themselves living there. Start by deep cleaning every room, including carpets, windows, and surfaces. Declutter spaces by removing personal items, excess furniture, and knick-knacks. Less is more when it comes to presenting your home in its best light.
Home staging can significantly impact a buyer’s perception of your property. Arrange furniture to highlight the room’s best features and create a welcoming atmosphere. Consider hiring a professional stager if needed, or use online resources for guidance. Neutral decor and tasteful accents can make your home more appealing to a broad audience.
The exterior of your home is the first thing visitors see. Boost your curb appeal by tidying up the garden, trimming shrubs, and planting colorful flowers. Make sure the front door is clean and inviting. A fresh coat of paint on the front door or new house numbers can also create a strong first impression.
Natural light can make a home feel warm and inviting. Open curtains and blinds to let in as much light as possible. If your home lacks natural light, strategically place lamps and use soft, warm bulbs to brighten up the rooms. Ensure that all light fixtures and bulbs are working and dust-free.
Pleasant, neutral scents can enhance the appeal of your home. Avoid strong odors like cooking smells or pet dander. Consider baking cookies or brewing coffee before the open house to create a welcoming aroma. Be mindful of using air fresheners or candles; opt for subtle scents that won’t overwhelm visitors.
Address any small repairs that could detract from your home’s appeal. Fix leaky faucets, squeaky doors, and chipped paint. Ensure that all appliances are in good working order and that there are no visible maintenance issues. Small improvements can make a big difference in how your home is perceived.
Set the stage for a comfortable and inviting experience. Consider playing soft background music to create a pleasant ambiance. Ensure that the temperature is comfortable and that there’s a good flow of air throughout the home. Add fresh towels in bathrooms and ensure that all spaces are welcoming.
Prepare brochures or fact sheets about your home for visitors to take with them. Include information on key features, recent upgrades, and neighborhood amenities. Providing a clear and concise overview can help potential buyers recall the property’s highlights after they leave. Work with your real estate agent to provide materials for potential buyers to take home.
Your real estate agent can provide valuable insights and assistance in preparing for the open house. They may offer staging tips, marketing strategies, and help with scheduling. Coordinate closely with your agent to ensure that everything is aligned for a successful event.
Ensure that your home is safe and accessible for all visitors. Remove any potential tripping hazards, secure valuable items, and make sure that all paths and entryways are clear. If you have pets, consider making arrangements for them to be out of the house during the open house to avoid distractions.
By following these tips, you’ll create an inviting environment that highlights your home’s best features and makes a strong impression on potential buyers. A well-prepared open house can lead to a successful sale and a smooth transition to your next chapter. Good luck!
Looking for an experienced Real Estate Team in Reno/Sparks and Northern Nevada? Look no further than Ken Angst and his team! With a demonstrated history of success working with buyers, sellers, and investors, we are the top authority in the area. Stay up-to-date on the latest trends and topics in the Reno/Sparks real estate market with our weekly podcast, designed to provide you with the information you need to make informed decisions. Whether you're looking to buy, sell, or invest in property, we have the expertise you need to achieve your goals. Contact us today to learn more! 775-525-0309
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In some cases, insurance risks can drive up the overall cost of a home. Features like pools or outdated or damaged roofs can increase premiums. Since many lenders roll home insurance premiums into monthly mortgage payments, that can be a stumbling block for some buyers.
If you are looking to buy or sell in the current Reno-Saprks real estate market it's important to stay up-to-date on the current and often changing market conditions. In my latest podcast, I am joined by Elena Boland from Wholesale Mortgage to discuss the essential real estate trends from May 2024 and what that means going forward. We cover key topics such as median home prices, current mortgage rates, and effective selling strategies.
When you're ready to sell your home, doing a little preparation beforehand can potentially help your home sell quicker and for a higher price. This can involve tasks such as decluttering, making necessary repairs, freshening up the interior and exterior with a new coat of paint, and enhancing curb appeal. Additionally, consulting with a real estate agent to set an optimal listing price and create an effective marketing strategy can further increase the likelihood of a swift and lucrative sale. Let's look at some tips I have put together to help you with getting your home ready for the market.