Archive for December, 2012

5 Things New Home Buyers Look for First

The real estate market is so huge these days that people that want to sell a house need to make sure that everything is in a perfect state. And not only that – they should also try to make the most important features stand out in order to make the potential buyers even more interested in their particular house.

Nobody buys a house without looking around for awhile, so it is necessary to get the property into the ideal state. Of course, there are some things that new home buyers look for first – and those are the things that you should focus on in your preparations the most. In this article, we are going to look at some of the top ones.

Patio

Patio might not be the most important feature for many buyers, but it is a feature that has a huge influence on the buyer’s first impressions and we all know how important that factor might turn out to be. Someone who will have to walk through a patio that is in a state of disrepair is surely not going to regard the entire property very highly. On the other hand, a well-designed patio with seasonal decorations that is kept in a good state might have the opposite effect on the potential buyer, so make sure that your patio is indeed going to start the inspection on a high note.

Roof

When it comes to exterior features, roof is one of those things that stand out the most and any deficiencies in that department are going to be noticed by everyone who will want to take an in-depth look at the property. This is especially true in locations that experience their fair share of bad weather and where it is a really good idea to have a roof of the best possible quality. You might not be willing to invest into a complete renovation, but you should undoubtedly fix the most obvious problems in order to make your house more attractive.

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Posted by: Guest Contributor on December 27th, 2012 under Best Practices, Guest Bloggers

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Happy Holidays!

HomeGain wishes you and your family a safe and happy holiday season!

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Posted by: HG Blog Admin on December 23rd, 2012 under none

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Real Estate 360 Live With Louis Cammarosano 12/10/12

On Monday December 10, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (14:37)

Ryan notes that the Federal Reserve will be buying 90% of the new debt the US issues. Louis notes that governments need to grow and need revenue and can only get so much from taxation and have in recent years have resorted to borrowing printing money to meet its spending obligations.
Louis predicts another round of buying from the Federal Reserve this week.

Louis notes that the US economy is now a debt based economy with 70% of the GDP based on consumer spending of borrowed money and a good portion based on the real estate industry which involves people merely moving in and out of homes. Louis notes that this is not the basis of a sound economy that produces things, saves their money and there fore can afford to buy things and houses.

Louis notes that even though the unemployment rate has gone down, an increasing number of young people are out of work and the number of people out of the labor force has increased by over 500,000. Unemployed people can’t buy houses.

Louis notes that a demand based economy is a loser and that one with productions and savings is sustainable.

Louis notes that the federal reserve over powers the market.

Louis notes that the “tax the rich” issue is a smoke screen that diverts attention from the deficit because taxing the rich does not solve the deficit as the money proposed to be taken from the rich will pay to operate the government for eight days.

Louis notes that the US doesn’t owe $100 Trillion because some rich people made too much money.

Louis notes that taxing the rich often results in receiving less tax revenue and the concept of taxation is that somehow the government own your money and allows you to keep some of it.

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Posted by: Louis Cammarosano on December 20th, 2012 under Louis Cammarosano on Real Estate Radio

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Staging Your Property to Appeal to All Five Senses

Before you conduct your first open house, consider how you can stage your property so that it is more appealing to potential buyers. Most open houses appeal to only one sense – our eyes. This is extraordinary given how much our day-to-day emotions are influenced by what we smell and the fact that there is a high chance our mood can change when we are exposed to a positive sound. The importance of our senses has been completely overlooked when it comes to selling a home… until now.

Sniffing an opportunity…

Have you ever walked past a Subway sandwich shop where you can smell the aroma of warm bread? If you look carefully at the awning you will spot vents that are specially designed to disperse baking aromas. This has proved to be a profitable exercise for the Subway Franchise.

Studies show that smell is heavily connected to our memory and our mood. When the opportunity presents itself, I like to place a tangerine or a pinch of vanilla extract on a sheet of tinfoil and turn the oven to 275 degrees. I have observed that this subtle smell will put a smile on a visitor’s face and allow a buyer who has seen 15 similar apartments in one day to distinguish your apartment as the “vanilla smelling apartment”. The smell must be subtle and anything too strong could backfire.

Taste goes hand in hand with smell.
Who’s in a good mood when they’re hungry? In addition to creating a subtle aroma, pairing simple foods together could go a long way with changing your buyer’s mood. When I place a pinch of vanilla extract in the oven I generally like to offer foods that match this smell such as cookies, chocolate, and coffee that I have brewed. When I place a tangerine in the oven, chopped fruit with tooth picks and wine generally matches the aroma better.

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Posted by: Guest Contributor on December 19th, 2012 under Guest Bloggers, Home Staging

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HomeGain Releases 4th Quarter 2012 National Home Values Survey Results

Sixty-five percent of real estate professionals expect home values to increase in the next six months, up from 51 percent from last quarter; Sixty-one percent disapprove of Obama’s performance as President

by Louis Cammarosano

HomeGain, one of the first websites to provide free instant home valuations online, announced the results of its nationwide fourth quarter 2012 home values survey. Over 200 real estate agents and brokers and over 1,500 homeowners were surveyed. We also released the regional results of the fourth quarter 2012 HomeGain home values survey.

Real estate professionals continue to be more optimistic about the direction of home values than homeowners. Sixty-five percent of real estate professionals expect home values to increase in the next six months, up from 51 percent last quarter and up from 15 percent in the fourth quarter of 2011. Thirty-nine percent of homeowners expect home values to increase in the next six months, up from 34 percent last quarter.

Eleven percent of real estate professionals expect home values to decrease in the next six months, unchanged from last quarter. Twenty percent of homeowners expect home values to decrease in the next six months, also unchanged from last quarter.

Twenty-four percent of real estate professionals and 41 percent of homeowners believe home values will stay the same in the next six months.

Seventy-nine percent of real estate professionals and 62 percent of homeowners think home values will increase in the next two years. In contrast, just 11 percent of real estate professionals and 17 percent of home owners think home values will decrease in the next two years. Ten percent of real estate professionals and 31 percent of homeowners think home values will stay the same in the next two years.

According to surveyed agents and brokers, seventy-five percent of homeowners believe their homes are worth more than the recommended agent listing price. In contrast, sixty-three percent of home buyers believe homes are overpriced.

“We are seeing a continued increase in optimism about the direction of home prices,” said Louis Cammarosano, General Manager of HomeGain. “Real estate agents expect the recent pick up in the real estate market to continue in the coming two years.”

Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Up in the Next Six Months:

Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Down In the Next Six Months:

Forty-six percent of agents and brokers surveyed indicated that they “strongly disapproved” and 15 percent “somewhat disapproved” of Barack Obama’s performance as President, earning him a 61 percent disapproval rating, a decrease of six percent in the disapproval rating of agents and brokers surveyed in the third quarter of 2012. In a year-over-year comparison with the fourth quarter of 2011, the President had a 70 percent disapproval rating among agents and brokers.

Thirty-nine percent of homeowners “strongly disapproved” and 11 percent “somewhat disapproved” of the President’s performance, earning him a 50 percent disapproval rating. The President had a 56 percent disapproval rating last quarter among surveyed homeowners with 45 percent “strongly disapproving.” The Rasmussen Daily Presidential Approval Index taken during the same period as the HomeGain Fourth Quarter 2012 Home Values Survey indicated that President’s average approval rating was 55 percent and the average disapproval rating was 44 percent, with an average of 30 percent “strongly approving” of his performance and an average of 34 percent “strongly disapproving” of his performance.

Top 10 States Where Real Estate Agents and Homeowners Approve of Barack Obama’s Performance as President:

Top 10 States Where Real Estate Agents and Homeowners Disapprove of Barack Obama’s Performance as President:

The survey was conducted from November 27 – December 6, 2012.

View all prior HomeGain national and state home prices surveys.

Set forth below are the results of the fourth quarter 2012 and third quarter 2012 national home values surveys as well as the results of the fourth quarter 2011 survey. Also set forth below for selected questions is the national home owner response data for the fourth quarter of 2012. Click on each question to see complete results:

Questions and National Results:

  1. Have home prices increased, decreased or stayed the same in the last year?
  2. On average, what do homeowners believe that their home is worth?
  3. How do buyers feel that homes for sale are priced?
  4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
  5. What is the average difference in price between what a home is listed at and what a home sells for?
  6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
  7. In the next two years, will the values of homes in your market increase, decrease or stay the same?
  8. What percentage of homes for sale are foreclosures in your area?
  9. What is the average home price in your area?
  10. What percentage of your clients are first-time buyers?
  11. How do you think Barack Obama is performing in his role as President?

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Posted by: Louis Cammarosano on December 14th, 2012 under Home Prices, Home Values, Home Values Surveys, HomeGain Market Data

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HomeGain Releases 4th Quarter 2012 Regional Home Values Survey Results

Below are the regional results of the entire survey, categorized into four regions*, Northeast, Southeast, Mid-West and West. You can also check out the national results of the HomeGain 4th quarter 2012 home values survey.

Questions and Regional Results:

  1. Have home prices increased, decreased or stayed the same in the last year?
  2. On average, what do homeowners believe that their home is worth?
  3. How do buyers feel that homes for sale are priced?
  4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
  5. What is the average difference in price between what a home is listed at and what a home sells for?
  6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
  7. In the next two years, will the values of homes in your market increase, decrease or stay the same?
  8. What percentage of homes for sale are foreclosures in your area?
  9. What is the average home price in your area?
  10. What percentage of your clients are first-time buyers?
  11. How do you think Barack Obama is performing in his role as President?

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Posted by: Louis Cammarosano on December 14th, 2012 under Home Prices, Home Values, Home Values Surveys, HomeGain Market Data

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