Price declines put 400K more homeowners underwater

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CoreLogic: Hiccup in recovery could spur foreclosures

The number of "underwater" homeowners grew by about 400,000 during the final three months of 2011, to 11.1 million, as home prices fell as a result of seasonal declines and a slowdown in processing homes through the foreclosure process, data aggregator CoreLogic said today.
CoreLogic said 22.8 percent of all residential properties with a mortgage were in negative equity at the end of the fourth quarter of 2011, compared to 22.1 percent at the end of September.
Add another 2.5 million borrowers who had less than 5 percent equity in their homes, and 27.8 percent of homes are either underwater or in danger of becoming so in the event of further price declines.
"The high level of negative equity and the inability to pay is the 'double trigger' of default, and the reason we have such a significant foreclosure pipeline," said CoreLogic Chief Economist Mark Fleming in a statement.
The economic recovery will increase the ability of homeowners to pay their mortgages, but negative equity will take longer to improve, so "if there is a hiccup in the economic recovery, it could mean a rise in foreclosures."
Nevada had the highest negative equity percentage with 61 percent of all of its mortgaged properties underwater, followed by Arizona (48 percent), Florida (44 percent), Michigan (35 percent) and Georgia (33 percent).
The top five states combined had an average negative equity share of 44.3 percent, while the remaining states had a combined average negative equity share of 15.3 percent.
Among the 4.4 million underwater borrowers with second loans, the combined mortgage debt was $306,000 on a home worth $84,000 less, on average, for a combined loan-to-value (LTV) ratio of 138 percent.
The 6.7 million underwater borrowers who had no second loan were better off, with an average mortgage balance of $219,000 on a home worth $51,000 less, or a LTV ratio of 130 percent.
The Obama administration's removal of a 125 percent LTV cap on the Home Affordable Refinance Program (HARP) means that more than 22 million borrowers would be eligible for the program it LTV were the only factor (only loans owned or guaranteed by Fannie and Freddie qualify for HARP, which also has minimum debt-to-income and other eligibility requirements).
According to surveys of lenders by the Mortgage Bankers Association, about 80 percent of loan applications are for refinancings, and more than 20 percent of requests to refinance last week were for HARP loans.
As for whether housing prices are headed for further declines, recent data suggest that the answer to that question depends on where a home is located and whether it or nearby properties are sold as "distressed," Daniel Hartley, a research economist with the Federal Reserve Bank of Cleveland, noted in a recent report.
When distressed sales are excluded, CoreLogic home price indexes show average and median prices falling about 1 percent in the 50 larges U.S. markets in 2011, Hartley said. Prices fell in half of those markets, with Las Vegas experiencing the steepest decline of -8.5 percent.
But when distressed sales are included in the analysis, average and median prices fell by 3 percent in those markets, with 38 markets posting declines. In the metro Chicago area, prices were down 11.8 percent if distressed sales are included.
The proportion of distressed sales in each market varied widely, from a low of 9 percent in Nassau and Suffolk Counties of New York up to 68 percent in Las Vegas.
On average, though, the percentage of distressed sales has stabilized in many markets, and price declines have moderated, which "could be a hopeful sign for homeowners and policymakers concerned about the detrimental effects of distressed sales on nondistressed property values," Hartley concluded.

Related articles

• CoreLogic: 11.1 Million U.S. Properties with Negative Equity in Q4, Calculatedriskblog.com (oregonrealestateroundtable.com)
• 22.8 Percent of U.S. Homes Are Underwater (bingrealtygroup.wordpress.com)
• Housing Still Drowning in Underwater Mortgages (blogs.wsj.com)

Existing-home sales post third gain in 4 months

NAR: large-scale REO-to-rental program not needed By Inman News
Inman News®

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Increased demand from investors and first-time homebuyers helped boost existing-home sales in January -- the third increase in the past four months, the National Association of REALTORS® reported.
NAR said total existing-home sales -- including single-family homes, townhomes, condominiums and co-ops -- were up 4.3 percent from December to January, to a seasonally adjusted annual rate of 4.57 million.
While that's essentially unchanged from the same time a year ago, for-sale inventory was down 20.6 percent from a year ago, to 2.31 million homes, a 6.1-month supply of homes at the current pace of sales.
Many housing analysts view a six-month inventory of homes as a good balance between supply and demand -- a larger inventory of homes can indicate an oversupply of homes for sale, which can undermine prices. When inventories drop below six months, the shortage of homes for sale can drive up prices.
"The broad inventory condition can be described as moving into a rough balance, not favoring buyers or sellers," NAR Chief Economist Lawrence Yun said in a statement.
Yun cited the statistics as evidence that a government proposal to convert bank-owned properties into rentals on a large scale "does not appear to be needed at this time."
"Foreclosure sales are moving swiftly with ready homebuyers and investors competing in nearly all markets," he said.
Merrill Lynch analysts Michelle Meyer and Ethan Harris think part of the drop in inventory is due to delays in the foreclosure process in the aftermath of the so-called "robo-signing" scandal.
With top banks nearing a final settlement with state attorneys general, they expect the foreclosure process to accelerate, and for inventory to swell to eight months later this year.
The first REO-to-rental transactions are weeks away, but the property pools offered this year may be smaller and more manageable for groups of qualified local investors than previously assumed, Ken Harney reports.
NAR said foreclosures and short sales accounted for 35 percent of sales in January, and that the national median existing-home price for all housing types was down 2 percent from a year ago, to $154,700.
Investors purchased 23 percent of homes in January, up from 21 percent in December, while the percentage of first-time homebuyers increased from 31 percent in December to 33 percent in January.
Nearly one in every three January home sales was an all-cash transaction. A survey of NAR members showed more than half had at least one contract canceled or delayed in January, often as a result of a mortgage application being turned down or because appraisals come in below the negotiated price.
Single-family home sales were up 3.8 percent from December to January, to a seasonally adjusted annual rate of 4.05 million. That's a 2.3 percent increase from a year ago. The median existing single-family home price was $154,400 in January, down 2.6 percent from the same time a year ago.
Existing condominium and co-op sales increased 8.3 percent from December to January, to a seasonally adjusted annual rate of 520,000. That's a 10.3 percent decline from a year ago. The median existing condo price was $156,600 in January, up 2 percent from January 2011.
At the regional level, the West saw the biggest jump in sales, an 8.8 percent increase from December to January. Sales were down 3.1 percent from a year ago, however, and the median price was also down 1.8 percent from January 2011, to $187,100.
The Midwest saw the smallest jump in sales, with sales up 1 percent from December to January. Although that was a 3.2 percent increase from a year ago, the median home price fell 3.9 percent from January 2011, to $122,000.
In the South, existing-home sales rose 3.5 percent from December to January but were unchanged from a year ago. The median price in the South was $134,800, down 0.3 percent from a year ago.
Existing home sales were up 3.4 percent from December to January in the Northeast, and up 7.1 percent from a year ago. At $225,700, the median price in the Northeast dropped 4.2 percent from January 2011.

The Stress of Buying a New Home

Buying a home can be one of the more stressful experiences in life. It is often a long and sometimes intimidating process, lasting up to six months on average. The Real Estate market is huge and changes often with swings up and down. It's easy to become overwhelmed by how much is ahead of you and how little you know about the process. But with the right attitude, it can also be an enjoyable, even exhilarating experience.
Here are some tips to make your home-buying experience positive and less stressful.

Preparing to Move

Organize Be prepared by becoming knowledgeable. Educate yourself on each step of the process so you know what to expect. Get organized ahead of time. Keep a notebook and calendar dedicated exclusively to the home-buying process. An Excel spreadsheet is a great way to organize and compare all the information you gather, such as the homes you are interested in, potential lenders, and different mortgage rates.
Finances Assess your financial situation before you begin looking for a home. Come up with a solid number for the maximum amount you can afford, as well as a target amount you would like to spend, ahead of time. Overestimate the closing costs (interest rates can change). This is also a good time to begin gathering the financial documents that you'll need when applying for a loan.
Keep your finances in order until you close on your new home, which could be as long as six months away. Do whatever you can to help improve your credit score; don't acquire new debt (no major purchases, new loans or new credit cards), reduce or eliminate any current debt, and pay your bills on time. It is never too early to begin improving your credit and is best started as early as two years prior to purchasing a home.
Find an Agent Find a real estate agent who you trust and connect with on a personal level. Communication in this relationship is fundamental. Some questions to ask yourself: Are they good at translating industry jargon into terms you can easily understand? Do they communicate well using media that works for you, such as email, cell phone, or video conferencing? Credentials are a big factor too. Choose an agent with proven expertise in both the type of property and property location that interests you.

Finding a Home

"Think from the end," is a common phrase heard in human potential circles. See yourself in your new home. How does it make you feel? What does it look like? Keep a journal to record these thoughts. Be as descriptive as possible. This can help to not only narrow down precisely what you are looking for in a home, but it can also help anchor you emotionally during a potentially unstable time by keeping the big picture in mind.
While dreaming of your new home is an important first step, keeping your expectations in check is equally important. Keep in mind that the criteria of what you are looking for in a home will change along the way. No house is perfect. Be willing to compromise on some of your requirements. Make a list of your top priorities (must-have's) and lower priorities (nice-to-have's). This will help identify areas where you can be more flexible.
Once you've found a home you like and know what you can work with financially, don't let the latest market news influence your decision to move forward. If you start second-guessing the housing market or interest rates, you risk losing the home to another buyer. Choose a home because you love it. Listen to your heart.

Waiting for Acceptance

Once you've made an offer on a new home, try to relax and engage in your routine activities while you wait to hear whether the seller accepts your offer. During this waiting period, there are many potential stressors that could send your mind reeling. What if the seller rejects your offer, or comes back with an unreasonable counter-offer? Was your offer too little, or too much? Be prepared to make many offers before one is accepted. Keep in mind, even if your offer is accepted, there's no guarantee it will close. Try to remain detached from the outcome until after the property has been inspected and you've been approved for a mortgage.

Inspection Period

Hire experienced and certified inspectors to conduct a thorough inspection of the property including possible insect damage. Be present during inspection, so you can ask questions regarding the home and become knowledgeable about any issues that are discovered.

Getting approved for a Loan

Taking out a loan can be the most stressful part of the home-buying process. Transactions typically take at least a month to complete. Having your financial situation scrutinized can be an uncomfortable process. Worrying about whether you will be approved is an added stressor. It helps to gather your financial records (credit card balances/statements, bank statements, investment statements) prior to meeting with a loan officer. Obtain a copy of your credit report; you're entitled by law to one free credit report per year. A copy of your 4506 T form (IRS Tax Return Transcript), which includes a summary of your tax information, is also available online for download.
Don't lose sight of the fact that you have options when choosing a lender and a mortgage. This can help restore a sense of control when so much of the home-buying process is out of your hands. Talk to several lenders; don't just go for the first lender you talk to. Consult with your Real Estate agent to help you through the process of securing a mortgage. Don't hesitate to ask questions until you understand the answer.

After Close, Moving In

Congratulations! You've successfully negotiated yourself through the complex maze that is home-buying and now find yourself at last kicking back on your couch with your favorite drink in the home of your dreams.

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Interesting report from Inman News I wanted to share "10 real estate markets poised to outperform in 2012"

Interesting report from Inman News I wanted to share

10 real estate markets poised to outperform in 2012

Inman News report features charts, analysis, commentary on rising metros By Inman News
Inman News®

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Inman News, in a report released today, highlights 10 metro areas that data suggest are set to outshine many other markets in real estate performance this year.
The markets, which stretch from New York to Texas and include metros with populations above 150,000, were selected and ranked based on a range of demographic, economic and real estate market data, including real estate sales volume and median sales price appreciation.

Among the findings in this report, researched and written by Inman News reporter Andrea V. Brambila:

• Three of the 10 markets on this list are state capitals, and both Illinois markets benefit from proximity to that state's capital, Springfield.Four of the markets: Bloomington-Normal and Peoria in Illinois as well as Des Moines-West Des Moines and Waterloo-Cedar Falls in Iowa, are no more than 300 or so miles from each other.
• Nine of 10 markets had median sales prices below the national median in the third quarter of 2011.
• Where affordability rankings were available, the markets on the list had no less than 73.6 percent of homes affordable to those households earning the area's median income in the third quarter.
• All had unemployment, foreclosure, and vacancy rates lower than the national average. None of the markets had unemployment rates higher than 7.9 percent. All had lower shares of distressed sales than the national average.
• Only two of the markets had populations above 1 million, and three had populations above 500,000. The remainder had populations below that figure, but above a minimum 150,000.
• As in last year's report, jobs in the public sector as well as the health care industry were major employers in most markets. This year, however, nine out of 10 markets also counted manufacturing companies among primary employers. Technology companies, energy providers, and universities also boosted many markets.

View the "Top 10 Markets to Watch in 2012" Report

5 signs you're real estate-obsessed

I wanted to share this from Tara Nelson.....

Mood of the Market By Tara-Nicholle Nelson
Inman News®

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I recently had an instant message chat with a friend about one of her eventful -- and entertaining -- adventures in Internet dating. She suspected her date had been a classmate of mine in school, but I didn't recognize his name, so as we chatted I did some Internet investigating.
At one point during her hilarious retelling of the evening's events, my search results prompted me to interject, "Uh, did you Google this guy before your date?"
"No," she replied quickly, before saying much more slowly and with rapidly increasing dread, "Whyyyyyyyyy?"
The next moment was one of those scenes that would have been marked by a long, jagged record screech in the movies. "Excuse me?" I typed manically. "You got into someone's car without Googling them first???!!! That's just not safe." I went on.
She thought I was joking, but my knee-jerk reaction on this point is actually a symptom of a syndrome with which I've been afflicted for a few years now. I call it my "Google tic."
That just means that I have the uncontrollable urge to Google, well, almost any and everything.
It started in my work, writing and creating digital content. But it's gotten to the point that I Google every person I meet, am about to meet, or have recently met, every question that comes to mind or debate that comes up.
In fact, tapping into my Google history, I find recent searches for how old Clint Eastwood is; what it means if you keep getting shin splints; the last three medications and supplements that were prescribed and recommended to those close to me; how to tell if someone's really a jerk or just insecure; and the origins of almond milk.
I'm nearly equally captivated by other people's online search behavior. When I type my questions into the search bar, often I'll leave the last few words off, just to see what Google auto-populates into the form, as a peek inside what other searchers are looking for. The mix of highbrow and lowbrow things about which today's inquiring minds want to know is pretty entertaining.
Typing "how do you know if" is auto-completed with "a guy likes you?" and "a girl likes you?" But to end the question "how do you know whether ..." Google suggests alternatives like "whether an image is copyrighted?" "a function is even or odd?" and "an inequality has no solution?"
Unfortunately, not enough of the online search-obsessed are in the market for a home or a solution to a housing issue to get Google to suggest real estate-related subjects for the most common questions people begin typing.
But after many years of living and breathing the stuff of what real estate users care about, I can probably take a guess at what the real estate-related online search obsessions are, and can even categorize them into syndromes in the same vein as my own personal Google tic:
1. The Online House Hunting Tic. These are the folks who are always online, looking at listings, searching for houses -- whether they are actually looking for homes or not! (Frankly, this is just an online extension of the behavior symptomized by an obsession with TV shows like "House Hunters" and "House Hunters International" -- see a related article at Inman News: "Behind the scenes at 'House Hunters International.' ")
And there are several variants on this. Some people just want to know what's on the market in their neighborhoods and their towns. Others take a more escapist approach, searching for homes in the areas they fantasize about living in, whether or not they actually have any sort of plan on moving. Life would be perfect if ...
2. The Open House Tic. This is a hybrid online and offline version of the fixation exhibited by those who get online every Friday and Saturday to prepare their plan of attack for Sunday open houses. This behavior is completely normal and, even, advisable, in actual house hunters -- people who are actually in the market to buy a home, or even home sellers who are (wisely) seeking to scope out the competition.
But it takes on a compulsive element when people who have just bought a home, or have no intention of buying a home anytime soon keep open-house hunting as a weekly habit.
To be fair, this goes on the list of relatively harmless vices, except to the extent that it signals or churns up that feeling of constant discontent, that sense that the home you have is never quite enough.
3. Interest Rate OCD (obsessive-compulsive disorder). Chances are good that you know someone who suffers from these symptoms: obsessively checking online mortgage and news sites to see whether mortgage interest rates have gone up or down, often either (a) dropping an email to their mortgage broker afterward to see whether they've dropped low enough to warrant a refinance, or (b) freaking entirely out that they locked their interest rate or refinanced too soon to catch the very lowest rates.
Market conditions these last few years have only caused this epidemic to spread, as every time we think rates have gotten about as low as they ever have or ever will, it seems like a new "historic low" benchmark is set the very next week.
4. Amateur Appraiser Syndrome. The advent of home-value estimates on various real estate sites has caused some people to fixate on what the sites say is the value of their home. That's not that strange, considering that our homes are our biggest assets and that they have taken such a hit in value of late.
However, it becomes a little strange when you leverage these sites to voyeuristic purposes, tackling your Christmas card address list or your friends' and neighbors' addresses to figure out what the algorithm says their homes are worth, and why you do or don't agree with that.
5. Incessant Redecorating Syndrome. Typically, people suffering from Incessant Redecorating Syndrome tend to prowl celebrity home listings and luxury home sites, as well as home decor and furnishing sites, well, incessantly, even if they live in a fully furnished rental or just peeled the stickers off their new furniture at home.
And they often do these searches on their laptops, while watching home remodeling shows on television or flipping through home decor magazines.
It's a compulsion.
These behaviors, which are actually smart and a great use of technology if you're readying to make an actual real estate move, can become obsessive and even a distraction from other things you should be doing if you persist at it, allowing it to take up a large amount of your time, even when you have no intention or even the vaguest plan of making a move.
Tara-Nicholle Nelson is author of "The Savvy Woman's Homebuying Handbook" and "Trillion Dollar Women: Use Your Power to Make Buying and Remodeling Decisions." Tara is also the Consumer Ambassador and Educator for real estate listings search site Trulia.com. Ask her a real estate question online or visit her website, www.rethinkrealestate.com.

Pros and cons of pricing home under market

Don't jump to conclusions when you hear that a listing sold for more than the asking price. You need more information. Are prices are heading up in your area, or did the sellers intentionally price low to stimulate multiple offers?
There was good news about the housing market recently. In October, pending sales rose 9.2 percent from the same month a year earlier, according to the National Association of REALTORS®. Pending sales are a leading indicator, and the index is a measure of homebuying interest.
Unlike recorded home sales, a certain number of pending sales don't close. Even so, this is a positive sign in the midst of a volatile market.
In some areas where job growth is strong and there aren't many homes for sale, home prices are starting to rise. But at this point, these areas represent a small part of the overall housing market.
Unless you're selling in a high-demand, low-inventory market, it's risky to list your home under market value. Some sellers use this strategy to increase their chance of multiple offers and a quick sale for over the asking price.
This strategy could backfire if you are priced low and receive only one offer for the asking price or less. It's difficult to negotiate buyers up on price when they're not in competition with another buyer.
On the other hand, if you know there is strong demand for a home like yours, pricing on the low side could generate enough action to get your home sold at or over the list price. But you shouldn't price lower than a price you'd be willing to accept if you receive only one offer.
HOUSE HUNTING TIP: Sellers should have a good understanding of the pricing dynamics currently operating in their neighborhood before they select a list price for their home. Are listings sitting on the market for months or are they selling quickly? Are certain locations or price ranges more active than others? How does your home compare to those that sold recently? Pricing right for the market is critical to selling in today's market.
Like sellers, buyers should become price experts on the areas where they would like to buy. The Internet makes this chore a lot easier. But you'll get a better feel for valuation if you see homes that would satisfy your housing needs in person.
Don't focus on list prices. Sellers often make the mistake of listing for more than their neighbor's second-rate home. However, if the neighbor's home is priced too high, this isn't a good benchmark. Also, consider that the reasons you think your home is better may not be in sync with the way a buyer may view your home.
It's difficult for buyers and sellers to be objective about buying and selling homes. Most sellers have strong attachments to their home and have a hard time divorcing themselves from it emotionally. This can cause them to reject a good offer and later regret the decision.
Buyers can be so objective that they find it impossible to buy a house. The perfect house does not exist. Neither does the perfect deal. Compromises need to be made, but with full understanding of the pros and cons. In other words, you should make rational decisions about the price you pay and what you're willing to live with.
Knowledge of local pricing is essential for buyers in market niches that are hot compared to the rest of the market. Be sure to find out the sale price of homes that you've seen and liked or bid on and lost.
THE CLOSING: This way you'll be in a better position to have a shot at winning in competition the next time.

Home Staging: The Effective and Practical Way to Sell Your House

As a home seller, how do you make your property stand out from the rest of the competition?
For one, you can remodel it, in order to increase your home value. Normally, people spend a big amount just to remodel bathrooms and kitchens, etc.  But what are your other options if you don't have the money, normally if you're ready to sell?

You can make your property also stand out from the rest of the competition by pricing your home cheaper. Obviously, this approach has its glaring advantage like you don’t have to exert some effort of “dressing up” your house. Since they don't have to pay for a big amount, you can manage to make your home look worn or in bad condition in parallel to its price. Most home buyers would merely purchase the most terrible house they can find not only to save up on some cash, but also thinking that they could improve it so that they could profit from it later. However, the downside on this style, naturally, is that you slash off the amount you eventually forked out over the property.

Good thing, there’s another easy strategy in making your home stand out from the rest of the competition.
Have you considered home staging? This is actually quite a novel approach for private sellers. This concept is to make a different and brand new home experience to lure the buyers. This involves bringing over interior designers and home stagers to craft a wonderful home, giving a new dimension to experience living in style. This is another great strategy in making your property stand out from the rest of the pack. Home staging is by far the most efficient and logical choice instead of cutting down the price or remodeling the property.   Home staging generates a fantasy that your house is perfect — complete with all the new furnitures, striking landscaping with matching interior paint schemes to entice the buyers. Though indeed this can be misleading, but this is selling and it works everytime because buyers will be so taken with the house that they give down payments for that! But in reality, they’re jusrt buying the bare house without furniture, no landscaping and only flat white walls all throughout.   As for the developers? Nope, they couldn't care less since a sale was already made.
See the power of home staging? Not only you will be amazed by how it transforms your house--buyers particularly, will fall prey on this strategy.
Make your homes stand out from the rest! Visit us at Gilbert AZ Homes for sale and Homes for sale in Gilbert.

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A Quick Tip For Selling Your Home

Selling home tips are a dime a dozen these days. Seems like everybody and his virtual assistant has a long list of ideas about how anyone can sell a house in this market. Well, I'm here to tell you it isn't all that easy, in fact it takes considerable time and attention to position your home to attract the perfect buyer as quickly as possible.

I am not just writing a list of tips to fill up space, but I am telling you the most important tip of all. In fact, it's number one on my own list of selling home tips, my short list of things that really work in the real world. My top tip is to scroll back the videotape in your mind to the day you bought your home and replay it again to remind yourself why you fell in love with it in the first place. That is really a powerful exercise that prepares you to stage your home and to write your classified ads with the fresh, enthusiastic mindset you had when you were the buyer once upon a time. Writing ads to attract buyers works like magic when you are speaking their language.

There are so many distressed and extremely motivated sellers these days, it only stands to reason that buyers will pick up on their anxiety and either offer less than the asking price or simply walk away. Buyers have some kind of subtle radar that tells them a seller is over-eager to sell, and no matter what the real reason it leaves an impression on the buyer that there might be something wrong with the home itself. That's the last thing you want your prospective buyers to feel about your home for sale. What you want them to feel is that they are darn lucky to have a chance to see and perhaps purchase such a great house that you still love so much!

That's why this whole idea is at the top of my selling home tips, it is the most important thing you can do to sell your home in any market. It's all about your attitude and how it comes across in the way you stage your home for showings with little details that show you care, and how you write classified ads to post online and in the newspaper that include lots of details that attract buyers who might be looking for a home exactly like yours. Your attitude matters and it can work like a magnet to attract your perfect buyer when you sell a home.

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Important Home Marketing Guide

In order to attain successful home marketing, it requires a lot of patience, good marketing and effort.

To sell your home quickly, there are some factors you need to keep in mind to market your home better.

Keep your home sparkling clean and free from clutter. Have a storage space or boxes where you can place all personal items that you no longer want to display.

Place a nice vase with fresh plants or flowers on a dining table to add life inside the home.

Print out flyers about the home for sale which you will put in your info station including the condition of the property and the neighborhood. Also, produce business cards to give out to your agent or to your interested buyers.

Schedule an open house to invite home buyers to check out your house. Keep your kitchen sink and bathroom fresh and sparkling. Check the tubing and pipes for any signs of leaking.

Put away the old towel in your bathroom and replace it with new and clean towel. Spray some air freshener to keep your home smelling fresh or a scent of aroma will do.

Many buyers begin their search for houses for sale online, so better be sure to take good pictures of your home to sell especially the front view of the house and the features. Listings that do not show any photos are often left disregarded.

By staging your home, you may be able to attract more potential buyers.

For the exterior, since your yard will be the first thing buyers will see, landscaping will improve your curb appeal. Have a For Sale sign in your yard and do not forget to put your contact number so they can call you.

Virtual tour can also help you to get potential buyers and to show to them the view and the house features.

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Easy Ways that Can Sell Your Home Fast

The key to a successful home marketing do is a lot of effort and good marketing.

To sell your home quickly, there are some factors you need to keep in mind to market your home better.

Keep your home fresh and free from clutter. Have a storage space or boxes where you can place all personal items that you no longer want to display.

Place a vase with fresh plants or flowers on a table to add more  life to the home.

Print out flyers about the home for sale which you will put in your info station including the condition of the property and the neighborhood. Also, make business cards to give out to your real estate agent or to your interested buyers.

Plan an open house to encourage home buyers to visit and check out your house. Keep your kitchen sink and bathroom fresh and sparkling. Check the pipes and tubing if there is any leakage.

Put away the old bath towel in your bathroom and replace it with new and clean towel. Spray some air freshener to keep your home smelling fresh or a scent of aroma will do.

Most buyers begin their search for houses for sale through the internet, so make sure to take good pictures of your home to sell especially the front view of the house. Most listings that show no photos are often left unnoticed.

By staging your home, you may be able to attract more home buyers.

For the exterior, since your yard will be the first thing buyers will see, landscaping will improve your curb appeal. Place a For Sale sign in your yard and do not forget your phone number so they can contact with you.

Virtual tour can also help you to get potential buyers and to show to them the view and the house features.

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Team Clyde's "Clyde's Coffee Break" Weekly Local Real Estate Market Update April 29th

News Headlines are CRAZY and SCHIZOPHRENIC..CNBC makes no sense with their headlines on the housing market. One day its up and everything looks good, the next day its down and we are looking at another crash….two days later everything is good..they are SCHIZO!!!!. The headlines are all over the place and make no sense.
Welcome to “Clyde’s Coffee Break” for April 29, 2011. Clyde’s Coffee Break is a weekly Local Real Estate Market Update brought to you by Stephen & Donna Clyde, Team Clyde of RE/MAX Connection Realtors in Marlton New Jersey.
Every Friday afternoon Clyde’s Coffee Break will bring you an update on the local real estate markets in Burlington, Camden and Gloucester Counties. Real estate markets are local, and what you are hearing or reading in the national news coverage doesn’t reflect what is happening in your county, town, development or even on your street.
So tune in every Friday afternoon, grab a good cup of coffee take a quick break and find out what is happening in the real estate market here in South Jersey.