HOW TO LEVERAGE THE SPRING SEASON FOR GREAT PROBATE OPPORTUNITIES LEON MCKENZIE
scenario, you can quickly get the home back on
If you do have a probate home for sale in the
the market with needed upgrades.
spring, then you may not have these issues as you
most likely will have purchased your home for an
Sellers Have an Advantage in the Spring
Probate Market
excellent discount.
With that discount, making
improvements to the property will allow you to best
leverage the spring market.
Knowing what
improvements to make can be all the difference in
Buyers of probate properties are not the only ones
not only getting your home sold, but making a profit
who can benefit from the spring selling market.
on the work that you have completed.
Sellers who hold probate properties can also reap
the rewards of this time of the year. One of the key
Choosing what projects to complete can be the key
indicators for the opportunities that are held by the
to leveraging the spring market. The remodeling
market is the amount of homes that are currently
projects completed in a home can either enhance
for sale. Calculated as the amount of months of
the amount of money you can get at closing or
supply on the market, a “normal” market is
decrease it. Most real estate professionals will tell
considered to have 6 month supply. As of October,
you that kitchens and bathrooms sell homes, but
2013, the supply was only 5.1 months.
3
The
there are other projects that have a high cost to
tightness in the market means that real estate
value ratio.
investors who have homes that are for sale have
amount of money invested versus the return on the
the advantage right now as there is a less than
value of the home. Here are a few current trends
normal amount of homes on the market.
to keep in mind when deciding on what to fix on
With
interest rates climbing and credit still challenging to
A cost to value ratio indicates the
your home before putting it up for sale:
acquire, many sellers are choosing to lower their
prices to get a quick sale.
1.
Entry door replacement. According
to remodeling experts, adding an
attractive entry