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Archive for the ‘NON Distressed Seller’ Category

Home staging your Oakland County or Lapeer County MI home for sale.

At one time it was just part of a Realtor’s job to “stage” a home they were listing- at least in the North Oakland and Lapeer areas that I work in. In those days staging had a bit of a different meaning. I typically will tell a seller if they need to de-clutter, clean, paint, repair…. I have no taste, so I don’t normally suggest colors. I may suggest taking down some of your “art work” or removing bushes that are too big and too close to the house. This was called “staging.”

Now there is a whole new industry for home staging. Home Stagers have their own associations, training, certifications, etc. This is a “good thing.” Staging your Oakland County or Lapeer home MAY help you sell it faster and for more money. But since Home Staging has become its own industry, home stagers really don’t like Realtors calling what we do home staging.

It’s kind of like Kleenex which is a brand of tissue, but is used for all brands of tissue. Jacuzzi is a brand name that is used for all jetted tubs, and so on.

When it comes to the term home staging or home stager, certified home stagers think they own this term. Who had it first? Realtors used it long before home stagers were in existence. If you contact a Realtor who offers free home staging services, find out exactly what they are offering. Some may have a professional stager on their payroll. Some may just be coming in and suggesting ways to make  your home show better.

There’s nothing wrong with the second scenario; most houses in Oakland and Lapeer County will NOT benefit from professional home staging services. Some will. The first call should be to your Realtor who can help you determine if you need professional staging services or not.

www.SearchMichiganMLSListings.com

www.OaklandCountyMichiganLakes.com

www.ClarkstonMichiganRealEstate.com

www.JHawleyAndAssoc.com

www.AreaRealEstateExperts.com

www.LakeOaklandHomes.com

www.MacedayLake.com

www.LakeOrionLakeFrontRealEstate.com

Jackie Hawley, Realtor
ReMax Encore, Clarkston

cell: 248-736-6407

Jackie@JackieHawley.com

www.MiRelocation.com

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Now your Southeast Michgan house is on the market- beautifully described in the MLS with 25 photos and a virtual tour, sign in the yard with color flyers in the box (again- beautifully described), full color ads all over the internet. Everything is going along just like your Realtor told you it would.

And now the first call.

Someone wants to show your house tomorrow between 1 and 2. That doesn’t mean they show up and leave in that hour. It doesn’t mean they won’t be running early and possibly show up at 5 to 1. Or quarter to one. They may get there at 1:55 and not be done until 2:30 or 2:45.

Please have the house ready early. And if an agent with client in tow shows up a bit early, be prepared to leave immediately. If you get home at 2:05 and they are still there, keep driving! Circle around the block a few times, or go get a coffee.

The goal is to get the house sold- not point out they’re early or make them feel rushed by coming home while they’re still there. Scheduling isn’t a science. Some buyers are faster lookers than others. We don’t know what houses they looked at previous to yours- they may have been dumps and they spent little time on them and arrived early to yours. Whatever.

Just remember- the times you are given for the showing are just approximations.

Marketing Your Southeast Michigan Home

Why You Should List Your Home With Me

Preparing Your Home For Sale

Search The MLS

Southeast Michigan Homes For Sale

Jackie Hawley, Realtor
ReMax Encore, Clarkston MI
Cell: 248-736-640
Jackie@JackieHawley.com

www.MiRelocation.com

www.OaklandCountyMichiganLakes.com

www.ClarkstonMichiganRealEstate.com

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What Does BATVI Mean? Clarkston MI Real Estate

Simply- Buyer Agent To Verify Information.

This is also known as an ass covering, or in my opinion, a waste of precious space in the limited space allotted in the MLS.

If you are buying a Clarkston MI short sale listing, beware of listings where the listing agent fills out the listing in a shoddy manner, such as wasting space in the comments, not filling out the remarks section at all, inaccurate listing information, etc. Remember, the listing agent is the person we are relying on to complete the short sale to the banks’ and seller’s approval. If he can’t fill out the listing, how successful will his short sale negotiations be?

If you are selling a Clarkston MI home, check your MLS sheet to make sure it is complete and accurate and all 25 photos included. The MLS is in place to sell your listing to the buyers’ agents. If I am going to show 5 houses to someone and 10 show up in the MLS search, I will not show the listings that are incomplete or indicate laziness on the part of the listing agent.

Often times BATVI gets replaced by CHP or EXP (price change or expired listing).

Jackie Hawley Keller Williams Realty, Clarkston
Jackie@JackieHawley.com

Cell: 248-736-6407

Marketing Your Clarkston MI Home

Choosing An Agent To Market Your Clarkston MI Home

Choosing A Buyer’s Agent

Search The MLS

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North Oakland County Homes- The Faster They Sell The Higher They Sell For

The quick sales tend to be the appraisals I sweat out the most. A well priced house will sell quickly. The best prices I’ve gotten for sellers have been the quickest sales.

Last year I listed a 4 bedroom colonial in Wyngate, Clarkston MI. It was the highest priced sale in the sub in 2011- the highest price since Sept 2010. We got 2 offers the first weekend and took the cash offer so we wouldn’t have to worry about an appraisal.

We listed a house in Stonegate, Clarkston MI, Springfield Township last year and priced it on the high side. It sold in the first week and was the highest sale since May 2008, and the first time that sub sold for above $300K since June 2008. It paved the way for other sales. 2 other homes sold for over $300,000 shortly after ours sold.

I had a listing in Waldon Creek, Clarkston. I put into the MLS on a Friday night before a blizzard, and that house still had 13 or 14 showings that weekend and 4 offers. Again, we got top dollar for the neighborhood.

I just listed a 4 bedroom colonial in Paint Creek Ridge in Lake Orion and I expect the same results as above.

There is a shortage of nice homes for sale in North Oakland County and when a good listing hits the market, it sells quickly and a bit high. Multiple offers and quick sales are common on nice, undistressed properties that are properly priced. And they tend to sell a bit on the high side.

Right now the inventory is low in North Oakland County- about a 3 to 4 month supply depending on where you are. And a large percentage of what is on the market is nasty, or over priced, or both…

If you’re selling, it is important to list with an agent with the experience and market knowledge to price your house so it sells quickly and for the highest possible price. There’s a fine line between pricing to get a sale price a bit on the high side, and overpricing a home. There are ways to keep a sale together if you sell your house for a bit over appraised value. And as I’ve written before, there is a difference between appraised value and market value.

I have a track record of getting top dollar for my listings and smooth closings. If you are considering selling your North Oakland County home please don’t hesitate to contact me.

Jackie Hawley
(248) 736-6407
Jackie@JackieHawley.com

What if the Appraisal is Low?

Price, Location, Exposure?? – It’s All In The Price

Why List With Me

Marketing Your Home

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What Sets Me Apart From Other Southeast Michigan Listing Agents?

I’ve been showing houses quite a bit lately and have noticed some disturbing trends. Many of these trends are confined to foreclosure listings; or at least I thought the incomplete listings with no yard sign out front and no electricity on in the house was a foreclosure issue. Many of these foreclosure agents never even see the house, so I guess that can be their excuse. But other agents have been following suit. I guess in their minds good service is graded on a curve and as long as foreclosure agents behave like secretaries for the bank, most of the rest seem to fee the need to imitate.

I showed a house last night, after dark, and was surprised to find no electricity on in the house. I called the listing office and set the appointment with a member of the listing agent’s team. You would think she could have told me we would be looking with flash lights, and I would have thanked her and rescheduled for the weekend during the day.

I’m showing a house tomorrow to the same couple. When I pulled the aerial today I was pleasantly surprised to find it’s a lakefront home. The listing never mentioned that it’s on the water. Good for us on the buyer side, but not so good for the seller.

Non foreclosure agents are starting to fill both the agent remarks and buyer remarks on the MLS sheet with showing instructions and ass covering statements such as “buyer or buyer’s agent to verify taxes, sq. footage, etc.” Or BATVI – buyer agent to verify information. DUH! The MLS is supposed to “sell” the house- to entice buyer’s agents to show the listing.

Sometimes the agent remarks are left blank and even on occasion the public remarks are blank. I showed a house with central air that was not included in the MLS. I showed a house today with lake privileges and a subdivision beach and the water name search field was left blank. 20% of the lake front listings in this North Oakland County area also leave the water name search field blank so their listings won’t come up if I am searching for houses on a specific lake.

A while back I was showing houses on acreage and over a third of the listings left the acre search field blank. I’ve shown 2 houses in the past week or so where the listing agent missed a bathroom. And it goes on and on.

I don’t know what has happened to customer service. If a listing agent can’t/won’t fill out a listing completely, how are they going to handle the rest of the transaction? If the incomplete listing is a short sale will the listing agent be able to, or willing to, send everything the lien holders ask for in a timely fashion? I highly doubt it if they can’t even fill in a lake name or check the central air box.

As real estate agents we are dealing with hundreds of thousands of other people’s dollars and we should take that commitment seriously.

One thing I can promise is if you list your Southeast Michigan home with me, your listing will be completely and accurately filled out. You will have the maximum number of photos allowed and a virtual tour (unless your house is a pig sty- no need of scaring off buyers!). You will have a sign in your yard unless otherwise requested and if you don’t have the electricity turned on in the house you can find another agent. I list homes to sell and I sell them at the highest price possible. I will communicate with you throughout- from the time you sign the listing agreement until the sale closes.

I take my job seriously. We like to call ourselves professionals and should behave in a professional manner. Our listings are our face to the public and those listings should represent the home better than those on for sale by owner web sites.

Why You Should Choose Jackie Hawley To Sell You Home

Marketing Your Southeast Michigan Home

Preparing Your Southeast Michigan Home For Sale

Home Evaluation (CMA)

Jackie Hawley, Realtor
Keller Williams Realty, Clarkston
Cell: (248) 736-6407

Jackie@JackieHawley.com

www.MiRelocation.com

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Why I don’t List Short Sale Listings

The title is off a little- if you are a past client or a friend I will consider taking your short sale listing, but you have to play by my rules- no exception. And those rules will be the topic of another post. For the most part I will turn away a listing if it needs to get short sale approval in order to close.

My reasons have nothing to do with morals or any personal feelings I may have toward someone who has to go through a short sale. I will be the last person you find who will pass judgment on your decision to short sell. I just plain HATE dealing with short sales. I’m good at it (I have listed a few- that’s how I know I hate them). I understand the process and am good at negotiating away your deficiency. I just don’t like them.

I don’t like the high failure rate. I would say at least 1/3 of short sale listings that go pending die. They may sell with the second or third buyer. They may go into foreclosure. But MY  business plan doesn’t call for that high of a failure rate.

I don’t like all the hoops the lenders make us jump through. I don’t like re-sending the same paper work over and over. I don’t like the like waiting for months until I get to actually talk to a human being.

I don’t like the fact that the lenders think they have the right to interfere with  my contract with the seller and dictate a change in commission. Why should a short sale seller pay a lower commission than my regular sellers?

I don’t like dealing with uneducated buyer’s agents who think their buyers can walk before the short sale has been approved or denied. They sometimes forget their buyer signed a contract and are committed to this sale like any other- read the contracts and addenda!

When I’ve listed short sales in the past I felt more like an admin person for the bank- not a real estate sales professional. The time invested in properly servicing a short sale listing is too intensive for the failure rate and pay and that is time taken away from servicing my buyers and normal listings.

If you are considering selling your North Oakland County or Lapeer County home and you won’t have to go the short sale route, please don’t hesitate to contact me.

Marketing Your Non Distressed Home

Why You Should List With Me

Preparing Your Home For Sale

Jackie Hawley
Keller Williams Realty, Clarkston
Cell: (248) 736-6407
Jackie@JackieHawley.com

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I want to start out by stating this post IS NOT for the potential Clarkston short sale seller. Short sales, and what I like to call a normal sale, are 2 completely different animals. Most Clarkston MI short sale sellers NEED to sell and are upside down on their mortgage. The regular seller may or may not NEED to sell but either way, they either have equity or have the money to make up the difference if they are upside down on their mortgage.

But this post is for the “regular” or “normal” Clarkston home owner who has at least been toying with the idea of selling for whatever reason.

If you have been thinking of upgrading you may be able to buy that house you couldn’t afford back in 2003 or 2004. You may be able to purchase that home you dreamed about back then for the same or less than you paid for your current home. And with current interest rates you may be able to upgrade with a lower house payment.

Other benefits to selling now:

  • Inventory is low which means a lack of competition. A good chunk of that competition are short sale listings and by virtue of the time it takes to get a short sale approved, a large portion of the buyer pool can’t even consider a short sale listing
  • Lack of new construction listings. Prices have gotten so low a builder can’t compete against existing homes.
  • Prices have gotten so low you may be able to downsize into a house for a very small or no house payment. Buying that retirement home a bit early and eliminating your house payment is about the ultimate in security
  • If you’re thinking of upgrading this may be a great time. Prices are low and whatever you may lose on the house you’re selling you can more than make up for on the other end. I have clients moving to the lake or onto acreage who never thought they would be able to live that lifestyle.

Other possibilities are to downsize and buy a second home/cottage. Or downsize and buy rentals for income purposes. I have one client who is buying small homes in the Lake Orion, Clarkston and Oxford areas and renting them out for double her house payments on those homes.

This is an economy where a lot of people are hurting beyond belief. It is also an economy where real wealth can be made.

Jackie Hawley, Realtor

Keller Williams Realty, Clarkston MI

Cell: (248) 736-6407

Jackie@JackieHawley.com

Search the MLS

Selling?

Buying a Foreclosure or Short Sale Listing

Clarkston MI Homes For Sale

Clarkston MI Lakefront Homes For Sale

Lake Oakland and Woodhull Lake

Lotus and Maceday Lakes

Deer Lake

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Price, Location and Exposure??? NOT!!! It’s ALL About PRICE!

If you are trying to sell your Clarkston MI home in today’s real estate market you have probably read that it’s all location location location. Or possibly price, location and exposure. That last one is one third correct. It’s all about price.

Crappy location? Location can always be compensated for by price.

Your Realtor took 1 photo and left the remarks section of the MLS listing blank? This too will reflect in the price.

Is the house difficult to show? Price will take care of that.

Does the house show poorly? Not clean or dated or delayed maintenance? This will also reflect in the price.

No matter what market we’re in, price has always been the cure all for deficiencies in a property (house, land, etc).

To get the highest price possible for your Clarkston MI home you need to call a good, full time, experienced agent to help eliminate as many deficiencies as possible.

Check Your MLS Sheet- an oldie but goodie about incomplete MLS sheets

Should You Pay For the Buyer’s Well and Septic Inspection?

Why You Should Hire Jackie Hawley to Sell Your Clarkston MI Home

What Real Estate Costs Are the Clarkston MI Seller Responsible For?

Jackie Hawley
Keller Williams Realty, Clarkston Michigan

Jackie@JackieHawley.com

cell: 248-736-6407

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Live in the Clarkston School District? GREAT Time to Sell!

The average sales price for Clarkston MI homes is up 7.6% from last year and up 12.2% from 2009. Unit sales are up about 2 1/2% from last year and up over 22% from 2009.

Distressed sales in Clarkston MI have been on the decline, contributing to the higher prices. Through July of 2011 distressed sales (short sales and foreclosures) have made up 56.7% of the closed sales in Clarkston MI. In 2010 distressed sales 59.6% of the total Clarkston sales which was an improvement from 2009 when over 64% of the sold homes in Clarkston were either a short sale or bank owned home.

clarkston school sales chart through july

There are currently only 211 active listings for sale in Clarkston or just over a 5 month inventory. Like in any market, some (many) of those homes are overpriced. Good, properly priced inventory is even less than the 5 month inventory the stats show. The last 3 homes we listed in the Clarkston school district all sold the first week on the market and all 3 got prices that were at the top end for their respective neighborhoods.

Typical Costs for the Clarkston Home Seller

What Happens if the Appraisal is Low?

Getting Your Clarkston MI Home Ready For Sale

What are Seller Concessions?

Why are the Buyer and I Both Paying for Title Work/Insurance?

What to Expect on the Listing Appointment

Jackie Hawley
Keller Williams Realty, Clarkston
Jackie@JackieHawley.com

(248)73606407

www.MiRelocation.com

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I was talking to a couple of agents at the office yesterday and one of them was complaining about our purchase agreement asking for the seller to pay for the well and septic inspection (if the house is on well and/or septic). He was saying that perfectly good offers were getting countered because of this one item.

He has a couple of options- he can cross out seller and hand write in buyer and have it initialed, or he can cross out the whole paragraph and the buyer can make it part of his general home inspection.

Another agent wanted to know why he would want that removed; after all he is working for the buyer and the seller should have to prove their well and septic worked properly and the water clean. Like supplying clean title.

I ask- As a buyer’s agent why would you put the seller in charge of ANY of your inspections?

well and septic inspection“Back in the day” many of the purchase agreements asked for septic inspections to be performed by the county. Oakland County used to send out a sanitarian, who would walk out to where he thought the septic field was, sniff the air, and approve the septic. That’s not really much of an exaggeration. The point is, there is no hard and fast rule as to what constitutes a well and septic inspection. And most purchase agreements that have pre-printed that the seller is to supply a satisfactory well and septic inspection don’t specify exactly what they want done and what constitutes satisfactory. Just a sniff test? A dye test? Open the tank and take core sample from the field?

And the water…. Who is collecting if the seller is having it done? What lab? Are the including arsenic and lead? Do you even care if the water is tested? Because no matter what the purchase agreement states, you REALLY are paying for that well and septic inspection. Sellers have a bottom line and any costs you ask them to cover will be factored into the sale price. So really you are still paying, but giving up the power to have any say in how those inspections are performed and who is performing them.

Sellers- If you get an offer asking you to pay for the well and septic inspection DO NOT COUNTER that condition. In the whole scheme of things, the couple hundred dollars a well and septic inspection costs is nothing. Let the buyer’s agent “save” them $200 or $300.  I’m not suggesting you would cheat and send distilled water to a lab, but if you hire a home inspector to collect the water and take it to the lab you have control. We don’t know the buyer’s inspector. We don’t know how long that water sample might roll around in his trunk. Also, if you’re paying, a dye test for the septic is sufficient. It’s what is required by FHA, but doesn’t tell you the condition of the field or tank. It just means it’s working.

I don’t know why brokers pre-print contingencies in their purchase agreements. Everything is negotiable. There are no standards, and old customs have been changing to reflect the high percentage of foreclosure and short sale listings. It’s presumptuous to assume in advance how ALL buyers want to negotiate their home purchase.

photo from Flickr and Soil Science

Seller concessions for dummies

Home sellers- check your listing (MLS sheet)

Seller- you accepted an offer- now what?

Is the appraisal for the buyers protection?

Oakland and Lapeer County Home Seller- The Closing is Set- What To Do Now?

Getting Your Oakland or Lapeer County Home Ready for Sale? I Have Coupons That May Help

Oakland and Lapeer County MI Home Seller- What to Expect on the Listing Appointment

Could Incomplete MLS Listings Be To Blame For Bad Appraisals?

Jackie Hawley
Keller Willliams Realty, Clarkston MI

Jackie@JackieHawley.com
Cell: (248)736-6407

www.MiRelocation.com

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