Ginny's RI House Hunt Blog

A Frosty Housing Inventory heading Our Way

frosty winter sceneAs the mood of buyers changes with the wind there is no doubt that a frosty housing inventory is heading our way...i would not blame that either on La Nina.  It is obvious by the housing market numbers in my geographical region that the inventory level of houses for sale is way up from last year.  We are talking over a 25% increase in housing inventory levels in RI and the home sales are just not keeping pace with the numbers coming on the market.

So what is a seller to do?  Your competition is fierce in the marketplace.  So the price and condition do matter more than ever to move your home. Look at the comparable solds in your market with a realtor to see where you'll be versus the competition.  Find an internet savvy realtor who just not lists your home but markets it on the web to numerous search engines and prospects to bring the buyers and other agents in.  More than ever open houses do work - consistent traffic to showcase your home in the best possible light has enabled me to bring offers to the table for a number of my listed homes this calendar year.  Yes, open houses do work.

living room 

Rejuvenate your 'to be' sold house using this following formula:

Staging.  Ensure your realtor works with a stager or can do it for you - presentation is key.
De-clutter.  Pack it up, donate it or POD it.  Show the rooms you have and the space within openly.
De-personalize.   We all love our pictures but it's a cardinal rule of Real Estate to remove them and let the buyers envision themselves in your home.  Remove the lacy antique curtains gathering dust in the living room, too.
Paint.  Yes, you love the deep purple bedroom and the kelly green Irish family room but buyers DON't.  Do the neutral colors and your house will show better for little expense.
Repairs.  Do the minor repairs around the house.  Remove the mini trees growing in the gutters, the flaking paint at the front door or deck, trim the trees around your home so you can see in and out of the windows, replace the corroded bathroom sink & faucet, re-grout (it really is easy), replace kitchen handles/knobs for updating, fix the holes in the wall your son put there with drywall compound, etc.
Front door entry.  Make it inviting- no rusty door knobs or doors that have been through 3 wars are needed here.  This entrance sets the tone for the rest of the house and how you care for it.  Check the walk and fall flowers and freshen it up.

Are you ready to sell yet? Fall is here... Be the seller that starts on this project path today and you can keep that frosty housing inventory level heading our way at bay. 

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

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cell: 401.529.7849      Ginny Lacey Gorman, Realtor

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Comment balloon 9 commentsGinny Gorman • September 12 2010 10:09AM
A Frosty Housing Inventory heading Our Way
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As the mood of buyers changes with the wind there is no doubt that a frosty housing inventory is heading our way.. i would not blame that either on La Nina. It is obvious by the housing market numbers in my geographical region that the inventory… more
Slash the Price and Buyers will Come - Hot and Heavy!
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Open House 1710 Stony Lane North Kingstown RI 02852 Sun. 8/29 1-3 p. m…
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O pen House on Sunday 8/29 from 1-3 p. m for this Contemporary/Colonial with a new price of $359, 000 at 1710 Stony Lane North Kingstown RI 02852- home for sale It is a well maintained home on nearly 2 private acres next to the cul de sac… more
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Just like marriage vows, mortgage holders need help along the way with arbitration, negotiation, remediation, modification and sometimes divorce or closure… sometimes the mortgage holder will also 'stick it out' to the final end to… more
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Sometimes life throws you curves and sometimes it just is grand because of the people you meet in this business… and i met the googley eye old time realtor yesterday with that RI style He called me from a mailing I did and asked me to come out… more
Open House 1710 Stony Lane North Kingstown RI 02852 Sun. 8/1 1-3 p. m…
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O pen House on Sunday 8/1 from 1-3 p. m for this Contemporary/Colonial with a new price of $399, 999 at 1710 Stony Lane North Kingstown RI 02852- home for sale It is a well maintained home on nearly 2 private acres next to the cul de sac… more
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It is a time in real estate when buyers are asking ridiculous things of sellers - You, as their buyer's agent, want me, the sellers agent, to do WHAT? Oh, I understand the request (or might it call it a demand) correctly alright. This is all… more
Open House-27 Birchwood Drive North Kingstown RI 02852 Home for Sale..
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Another Warwick RI 02889 Home Sold by Ginny L. Gorman at 474 West…
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Another Warwick RI 02889 home sold by Ginny L. Gorman at 474 West Shore Road Warwick RI 02889 and this one sold in 12 days! Not just in 12 days but in a multi-bid situation and for 5% over listing price for the seller. This was a first time home… more
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