Home Not Selling? Make Sure You Aren’t Doing Any Of These!

When you are listing homes for sale in South Lake Tahoe, the biggest thing to remember is that you want it to appeal to as many prospective buyers as possible. This goes beyond the simple cleaning and rearranging furniture. In fact, if your property has been listed a while, there may be some things that should have been done from the get-go, that didn’t, and are currently impacting how fast the property moves. Your South Lake Tahoe Realtor will be able to advise on all the nuances that go into putting South Lake Tahoe real estate on the market, but here are a few tips to get you started.

Make your South Lake Tahoe real estate neutral.

You may be super into contemporary art or over the top with the mountain bear theme. Which is great…..for you. When a buyer comes into a home and sees over the top accent walls, vibrant colors and lots of personalized décor, it can take away from the home itself and make it hard for them to imagine their things in that space. In fact, the general rule of thumb for listing homes for sale in South Lake Tahoe is to keep it muted and neutral.

Make sure it smells nice.

Homes are lived in. Which means cooking, candles, scents from certain cleaning solutions, perfumes and more. We usually adapt to these scents and don’t notice them after a while, but a fresh pair of nostrils sure can. And depending on what exactly it is-it may be a turn off to most of the folks touring through your South Lake Tahoe real estate. Some smells are easy to fix with opening some windows, a deep clean and washing all the textiles. Some scents like animal urine, cigarettes and grease from foods can be a bit tougher. While some special cleansers can combat certain scents, be sure to chat with your South Lake Tahoe realtor if there is a real issue at hand that can’t be fixed with a simple cleaning service.

Handle the maintenance items.

Don’t skimp and put a Band-Aid on something simply because you don’t want to take the time, effort and money to get your South Lake Tahoe real estate ready for market. Most buyers are going through all the homes for sale in South Lake Tahoe with a fine tooth comb. They are keeping an eye out for mold, mildew, leaks, faulty appliances and MUCH more. If you cut corners, it will likely be noticed. Some things are super easy fixes like a fresh coat of paint, tightening the screws on some cupboards and fixing a drippy faucet. For the bigger stuff, higher a pro. If that isn’t possible, be prepared for some items to come back on the inspection report and be a cause for negotiations. You South Lake Tahoe Realtor will advise on this.

Make it easy for buyers to see your home.

The South Lake Tahoe real estate market can move fast, especially when it comes to hot buys. If you are serious about selling, you must make it easy for buyers to access your home. If you keep it at hours that are only convenient for your schedule, you may miss out on a really good buyer as well as selling on your timeline for the amount of money you desire. Also, don’t stick around for the showings. This makes buyers feel uneasy. Not only do they feel like they are inconveniencing the homeowner, but they don’t feel like they can take their time, speak freely and really see the house in its entirety.

If you are getting ready to list your South Lake Tahoe home for sale, or you are wondering why your home hasn’t sold already, feel free to reach out. I would be happy to help!

Why NOW Is A Great Time To List South Lake Tahoe Real Estate

If you are thinking of selling your South Lake Tahoe real estate, now is a great time! Every seller has a hope that they will make more money at the time of resale compared to when they bought their South Lake Tahoe homes for sale. That is pretty much ALWAYS the goal. However, you can’t always time selling your real estate in South Lake Tahoe with the same time that you need to relocate. If you have been thinking of listing, your best bet is to reach out to a South Lake Tahoe realtor. They can tell you who has control of the South Lake Tahoe real estate market and how to best leverage yourself for a quick sale for the most money. Currently, now is a great time to sell. The median and average sold price has continued to go up in our market and we are still in a seller’s market. In fact, the national average month supply is 4.1 and South Lake Tahoe real estate is 3.7. However, with that being said, the market can change quickly.

Experts are also advising homeowners to list their South Lake Tahoe homes for sale sooner rather than later. Mortgage rates are expected to increase again this year which impacts a buyer’s budget, which essentially impacts their buying power.  In simpler terms, they could afford your house right now, but if the mortgage rates go up, they may not depending how big the hike is. This can impact the demand vs. inventory levels and not in the seller’s favor. If we all of a sudden get a bunch of inventory on the market, buyers will become in control of the market.

At the moment, sellers have less competition which means they benefit from shorter listing times, competitive offers and in some scenarios, multiple offers which can result in over asking. If you are thinking of listing South Lake Tahoe homes for sale and need a South Lake Tahoe realtor, feel free to give me a call. I am a long time, local, South Lake Tahoe realtor who is well versed in this market and would be happy to help!

Why Summer Is A Great Season To Sell Real Estate

Thinking of selling your South Lake Tahoe real estate this summer? This really is a great time! Of course, you will want to align yourself with a qualified South Lake Tahoe realtor who can act as your advocate from start to finish. They also break down the process in a way that is not only easy to understand, but  also prepares you for the market. There are always certain things that a seller will want to do to prepare their South Lake Tahoe real estate before it goes in the MLS. A South Lake Tahoe realtor is also the best person to tell you what a market comparable list price is. Listing according to market value is the best way to ensure that your home will not sit and “grow stale”. If you feel like summer is the season you want to list, check out these tips for why now is a great time to sell homes for sale in South Lake Tahoe!

The demand for homes for sale in South Lake Tahoe is strong. Demand for homes is strong across the majority of the U.S. but we currently have a 3.7 month supply which puts us in a seller’s market. This essentially means that demand is high and inventory is low. This is a great time for homeowners to list their homes for sale in South Lake Tahoe as sold prices have continued to go up, which means you stand to get a return on investment at resale.

The process is a little quicker due to the competitive nature of the market. Serious buyers are getting all their affairs and finances in order so that when they find their dream real estate in South Lake Tahoe, they can act fast. This is great for sellers as it means they are attracting serious buyers who are focused on purchasing South Lake Tahoe homes for sale.

Now is also a great time to move up if you can afford to. South Lake Tahoe homes for sale that are in a higher price category are actually in a buyer’s market. Tahoe Keys for example is over the 6 month supply. Which means that you can take advantage of lower mortgage rates and snag that dream home you thought was out of budget. Sellers are more motivated to negotiate when they are in a buyer’s market, but also prices for real estate in South Lake Tahoe are projected to increase over 5% in the next 12 months. Predictions aren’t scientific; however, it is best not to test it if you can’t afford that kind of increase.

If you want more information on selling real estate in South Lake Tahoe or interested in working with a qualified South Lake Tahoe realtor, feel free to give me a call. I would be happy to help guide you through the process!

South Lake Tahoe Real Estate Update

The monthly market report is in! If you are purchasing or selling homes for sale in South Lake Tahoe, there are a few things you will want to do to get started. Before you do anything, align yourself with an experienced South Lake Tahoe realtor. We act not only as your advocate, but also your guide, from start to finish and beyond whether you are selling or buying. Once you have chosen a professional you trust, ask them for a detailed market report not only for South Lake Tahoe real estate in general, but your neighborhood and or the neighborhoods you are most interested in. If you have picked a qualified pro, chances are high they will give you this info right off the bat. But if not, using up to date details like average and median sold price, days on market and month supply can guide you regardless of what side of the transaction you are on. As a seller, you can rest assured you list your real estate in South Lake Tahoe at a market appropriate price while a buyer can feel confident they put together a competitive offer. So how is Lake Tahoe real estate doing? Let’s look!

The average sold price for homes for sale in South Lake Tahoe has increased 8.2% from this time last year at $538,917. The median sold price for South Lake Tahoe homes for sale is up 5.3% from last year (although unchanged from the past couple months) at this time at $440,000. The median percentage of list price has increased 98%. This number is great to use as a tool for determining your negotiation power when it comes to making or accepting an offer on South Lake Tahoe homes for sale.

The amount of South Lake Tahoe homes for sale has increased slightly from 216 last year to 225 this year. New listings have gone up 15.4%, pendings are up 4.2% and closed sales are up 1.5%. Both the average and median days on the South Lake Tahoe real estate market are down from this time last year. The median is at 72 and the average is at 102. The month supply is still at 3.7, but that number is up 8.8%. To understand this number, South Lake Tahoe realtor’s look for a 6 month supply in order to be considered balanced, while anything less than 4 is a seller’s market.

It is important to understand that these numbers are for real estate in South Lake Tahoe in general. If you have a specific neighborhood you need a market update for or are looking in certain neighborhoods, these numbers will likely vary. Once again, the best place to get this info is from a realtor in South Lake Tahoe as we use up to date stats from the local MLS. Have questions about real estate in South Lake Tahoe? Feel free to reach out. I would be happy to help!

Selling? These Rooms Can Scare A Buyer Away!

If you are in the process of getting your home ready for the South Lake Tahoe real estate market, you came to the right spot. As I have discussed in several past blogs, there are a lot of steps to take in order to properly prepare homes for sale in South Lake Tahoe. Especially because you can think you are doing everything right, and still find that potential buyers may just not be that into your home. However, there are things you can do to make sure you make the best first impression on everyone that walks through the door. The most important is choosing a qualified South Lake Tahoe realtor. They will be able to advise on the steps that need to be taken as every property is different. However, there are some good, general “rule of thumb” tips to follow. Check them out here!

Unless your entire home for sale in South Lake Tahoe is vacant, avoid the lone empty room. It can kill a sale as it leaves buyers wondering what the space is meant for. As a seller, you may think it leaves things open for interpretation, but taking the steps to stage it like an office or a den can make a world of difference. Not to mention, when a room is empty, the flaws stand out. Like the chipped paint or stained carpet.

On the other end of the spectrum is the cluttered play room. We have all seen them, and we may even have them. One of the best things a seller can do is prepare their home for sale in South Lake Tahoe by de-cluttering, donating, selling, tossing or packing up what isn’t in use. Clutter anywhere gives the impression that a homeowner isn’t clean. So take the time to go through and clear things up. Also remove any art left overs like paint hand prints and stickers that have made their way to a wall or a window. Don’t think you can take a shortcut either and shove everything in the closets. A cluttered closet makes South Lake Tahoe real estate look like it doesn’t have enough storage.

Not every home can be light and bright throughout, however, one dark room can kill the deal. When buyers are looking for South Lake Tahoe homes for sale, they are looking for their dream home while simultaneously looking to see what negative each property features. If you have one room that doesn’t get a lot of natural light, try these tips.

  • Keep doors and blinds open so light can flow.
  • Add lamps and keep them on.
  • Use a mirror which reflects light AND makes spaces look bigger.
  • Take off window screens.

Otherwise, a dungeon like room can turn people away.

The dingy bathroom that has seen one too many baths can also cause a buyer to walk straight into the arms of other South Lake Tahoe homes for sale! Carpet in the bathroom, leaky faucets and a dirty tub can gross people out. Don’t go out of your way to do a complete remodel if it isn’t in the budget,  but do what you can to fix it up and make it appear clean.

Speaking of needing a spruce up, kitchens are the center of a home. When buyers are touring South Lake Tahoe homes for sale, the kitchen is one of the main rooms they are looking at. So while a spendy remodel may not be in the budget, do what you can to make it shine. If your appliances need updating, consider replacing them if possible. Affordable changes include a new coat of paint or stain on cabinets as well as new finishes. Fix creaky cupboards or broken drawers. Buyers are visual, so if you still have appliances from the 70’s, they are going to see dollar signs and start calculating what needs to be done if they buy your South Lake Tahoe real estate.

And finally, the formal living room that buyers feel like they can’t go in. These pristine rooms were once super desirable, but now feel like a space that doesn’t serve a purpose. While some folks still desire a fancy living room that only gets used for special occasions, most buyers want their living areas to be functional. Depending on the flow of the home for sale in South Lake Tahoe, you can use this room as an office, a dining room or a den.

Chat with your South Lake Tahoe realtor about what are the popular features buyers are looking for in a home for sale in South Lake Tahoe. Every area is different. So while some folks may be looking for new and modern in others, some may be interested in the charm of an older cabin.

To get more information from a South Lake Tahoe realtor, give me a call. I would be happy to help!