Tips for Sellers in a Buyer's Market

I just finished checking my morning "hot sheet" which gives me information about all the new listings and changes to existing listings (i.e., price change, status change, etc.) since I reviewed the MLS data late yesterday afternoon.

Aside from incorrect pricing, the most serious situation I continue to see is that sellers are ignoring to stage their houses.

Sellers, LISTEN UP, if your house is on the market for sale, especially if it's vacant, YOU MUST HAVE IT STAGED. And don't do this yourself unless you're an interior decorator or staging professional. You have lots of competition and if you want THE contract from a buyer (and there aren't many these days), your house had better stand out from the competition!

If you live in Kitsap County or adjacent areas, here's a link to a professional stager. Nonnie is an expert at what she does. Take advantage of her experience.

If you have any questions, contact me and I'll see what I can do to help.

General Real Estate Information from National Association of REALTORS

Click on this link that will take you to the National Association of REALTORS website which provides some interesting statistics and general information.

Credit Scoring Changes Implemented

The folks at Fair-Issac are modifying the FICO system used to provide credit scores for mortgage applications. Click here for a link that Cheri Kesti, our in-house mortgage officer provided to me last week.