Colorado Real Estate Blog

Colorado Springs Real Estate Blog, Get Tips for buyers and sellers, statistics and analysis, great homes for sale and more!

How Important are First Impressions?

firstimpressions

The saying "You never get a second chance to make a first impression” has never been truer, especially when it comes to marketing Real Estate.

In the 2013 National Association of Realtors Survey of Home Buyers and Sellers, Home Buyers were asked, “What actions they took as a result of an Internet Home Search?" 75% responded that they drove by or viewed the home while 63% scheduled a walk through. This reinforces our philosophy that the Internet is the new first showing.

This survey also supports our belief that professional photographs, video and virtual tours are essential tools used to drive traffic to our listings.

Here is the complete list of results from the survey.

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ACTIONS TAKEN AS A RESULT OF INTERNET HOME SEARCH
Drove by or viewed home 75%  
Walked through home viewed online 63%  
Found the agent used to search for or buy home 30%  
Requested more information 24%  
Looked for more info on mortgage and home buyers tips 13%  
Pre-qualified for a mortgage online 13%  
Contacted builder/developer 8%  
Applied for a mortgage online 8%  
Found a mortgage lender online 7%  

 

If you would like to learn more about our listing process and what we do to get Colorado Springs Home Buyer traffic to our listings, please visit our Colorado Springs Home Seller Section.

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Do I Need an Appraisal to Sell My House?

Sellers often ask me if they should get their home appraised before putting it on the market.  Here is my answer to that:

An appraisal is an expert estimation of the quality and price of the property. It is more detailed than the market analysis, which your Realtor will do. Typically, appraisals cost around $400.  They are a good idea if you live in an unusual market, one where home values fluctuate a lot.  Let's say you live in a neighborhood where homes range from $200,000 to $650,000.  Then an up-front appraisal is a good idea.  It will help Buyers to see the value in your home without questioning the overall market in your area. 

On the other hand, if you live in a neighborhood where most of the homes are alike, similar in age and size, then an appraisal might not be necessary for you to have done up-front.   Here, it's pretty safe to conclude that your home's value will be consistent with those around you.

Either way, once you have a contract on your home your Buyer will most likely be getting an appraisal done for the purpose of satisfying his loan.  His mortgage lender will order an appraisal prior to closing, to make sure the contract price and condition are satisfactory for the new mortgage.

Ask your Realtor what they think you should do.  A good agent will shoot straight with you and not spend your money unnecessarily!

 

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