Still Waiting on the Fence?

“I am going to wait until the market bottoms out to buy.”

Is there ever a perfect time to buy? Yes, when you need or want to move. I hear it quite often … “I am going to hold off until the market bottoms out.” But what you don’t realize is that when the market “bottoms out” it usually means its already starting to turn around and with that can come stiff competition when making an offer to buy the home of your dreams. Everyone tends to scramble to get the best deal at that point, leaving you contending with multiple offers on the home you want — and before you know it, poof … it’s a seller’s market again! Opportunity is lost.

“I am going to wait to see if the rates go any lower.”

Rates are currently hovering around 5% and under if you have a decent credit score! These rates are historically low! I’m sure you’ve heard the saying … “You snooze you lose.”  Rates are starting to go back up so any future price decreases in homes for sale may just be a wash … think about it … if the interest rates climb, you are spending thousands more over a long term mortgage … who out there likes giving the bank extra money? Not me!

Home prices do not necessarily coincide with interest rates. For example, even if the home drops in price and the interest rate goes up, you lost money in the long-term. Rates are low NOW and Spring is the busiest marketing time of the year … Why? Most people like to do their moving when their children are out of school and before the school year begins plus they have the additional cushion of their income tax refunds. If I my real estate crystal ball is correct, I predict a busy spring this year … so maybe it’s time to think about jumping off the fence?

Thinking about buying? Check out my BUYER’S TOOLKIT!

 “Sellers are desperate.”

I am really not seeing this in certain markets and locations. While some markets have been hit hard, Real Estate is still all about “location, location.”  Real Estate is VERY local; markets vary across the country and from town to town. Here in Philadelphia and its surrounding suburbs I am finding that most sellers are really NOT desperate at all. Unless there is some unforeseen disaster or the property is a distress sale, sellers are not as desperate as the media would have you believe. So as the old school 80’s song goes … “DON’T BELIEVE THE HYPE!” (Public Enemy)

In fact, Philadelphia and it’s surrounding suburbs have not been hit as hard as the rest of the country. Overall, we have only seen a slight decrease in home prices as compared to other states and now that Spring is around the corner and interest rates are still low (but on the rise), I am seeing a huge increase in activity, even multiple offers on properties again!

Sellers still need to do their best to make their home marketable and to keep it in tip-top shape to compete with the other properties for sale in their area. Pricing the property well is key and always take into consideration the way the home shows compared to other properties on the market if you cannot afford to fix up the home to show. 

For some tips please check out my SELLER’S TOOLKIT! Thinking of selling? Now may be the time to go for it! 

Ready to Make a Move? Contact Me Today!

Kim Schreiner, ePRO, SFR, Realtor
RE/MAX Affiliates, NE
The #1 RE/MAX Office in the City of Philadelphia
Office: 215.992.1726
Cell: 215.510.2149

Fully Furnished Condo for Sale Center City Philadelphia

Fully Furnished Center City Condo

Fully Furnished Center City Condo

323 sq. ft., 1 bath “Hi-Rise Condo” –  Fully Furnished

Washington Square West, Philadelphia  –  Let the sunshine in! Fabulous 8th floor studio with GREAT views of the city and abundant sunlight. Gorgeous new light oak laminate flooring, recently painted and **Bonus Alert** being sold fully furnished (Ikea Bed Frame, Refrigerator, Lamp, Table and 2 Chairs, Wall Unit, Armoire and Flat Screen TV) – just perfect for the SavvyBuyer or as an InvestmentProperty – as these studios are easily rented. Located steps away from major colleges, hospitals, fine dining and entertainment. Walk to Kimmel Center, City Hall, Avenue of the Arts and much more. Grand Lobby with marble floors, mahogany walls, 4 elevators, free high speed internet, 24 hour attendant and controlled access entrance. Condo fee includes all utilities plus community room and fitness center. Bike parking, laundry facility and salon onsite. Pet Friendly! Handicap accessible. Put this one on your must see list!

Property information

Kim Schreiner, ePRO, SFR, Realtor
RE/MAX Affiliates, NE
The #1 RE/MAX Office in the City of Philadelphia
Office: 215.992.1726
Cell: 215.510.2149

Agents Making A Move, Pt. 3 … thee end … for now.

8 months has passed by already … 8 months since I became a RE/MAX agent. If you aren’t an agent, this blog will probably bore you. But if you are an agent or thinking of becoming one, then by all means .. KEEP READING!

It’s been a while since I last updated my blog, especially on this topic! That’s a good thing. I’ve been busy. Unimaginably busy! My move has paid off in so many different ways. I cannot tell you how happy I am that I took the leap, and by doing so, I grew my business, my sphere and my reputation in the industry. It’s been a helluva ride  that I am sharing with you because I know how scary it can be to jump ship! I am now working with the industry leader most known for its caliber of agents and its overall presence in the marketplace, worldwide.

Agents, I cannot lie … I do have an ulterior motive for wanting you to check out my firm; but I can’t share that publicly, so call me if you want to hear allllll about it. I’d be happy to talk to you! 215-335-6900.

RE/MAX - Experience SELLS

There has not been one negative thing about my new company. My broker is always available, day and night to help when needed. The other agents in my office are always willing to lend a hand and they all have nothing but great things to say about the company they work with! The overall “personality” of the office is so full of energy, fun, humor … just a big difference from the “other” place … and you can see why RE/MAX agents are so successful.  We have drive — and most of us have a major “addiction” to real estate.  The other night, a fellow agent made that comment to me and and I thought that was a very good way of talking about real estate .. it IS an addiction, a beneficial, positive addiction.

My name is Kim Schreiner and I am happily addicted to REAL ESTATE.

I am glad I became a part of this team. If you are interested in inquiring about becoming part of such a fabulous office (the Number #1 RE/MAX Office in Philadelphia) give Alan Stasson a call at 215-335-6900. Or, visit his website, (be sure to check out the commission calculator) and if you don’t believe the difference, then give ME a call. I have a nice spreadsheet to share with you that shows the difference of my REAL sales in 2009 at the “other” place vs. RE/MAX (same work, mo’ money – you get paid like the professional you are)! Yep, sometimes it IS about you, your family, and getting what you are WORTH.

I’m good at what I do. Are you? I work hard, very hard. Do you? If you answered yes, then why are you paying your current broker so much for YOUR HARD WORK? 

If you are reading this far, you must be asking yourself that already.

Stop paying for your broker’s vacations!
If you can sell 8 or more properties per year, then maybe it’s time to consider a career move to better YOUR career.

Since when did I become a recruiter?
Back to my ulterior motives that I cannot share publicly, but I am NOT a recruiter. I am very happy I took a chance on myself, it paid off. Just sharing my happiness with my fellow agents who are still giving away a big chunk of their hard earned money and not getting much in return.  Another thought provoking question for you … figuratively speaking …

Maybe it’s time to consider taking YOUR happy pill?

At RE/MAX Affiliates NE … the split I have with my firm … I get A LOT in return. For each sale … they mail out JUST SOLD postcards for me, it’s a no brainer, I just check a box on my closing sheet.

Although I like to do a lot of my Internet marketing myself, it’s not for everyone! An added bonus (double advertising for me, yes, sometimes again, it IS ABOUT YOU, and Alan is all about marketing his agents) – all office listings automatically get posted on YOUTUBE and Craigslist, saving loads of time! Another perk? Free breakfast once a month at our office meetings .. come on … bacon, eggs and coffee on your boss? Nice. 

1 hour of your time with a down to earth, hands on broker can put THOUSANDS in YOUR pocket. When I say thousands, I can prove it. Call me about my lil’ spreadsheet …

No brainer.

Kim Schreiner, ePRO, SFR, Realtor
RE/MAX Affiliates, NE
The #1 RE/MAX Office in the City of Philadelphia
Office: 215.335.6900
Cell: 215.510.2149

Reality TV and Real Estate

If it weren’t for having a 5 year old, HGTV would be on my television 24 hours a day. Shows like Designed to Sell, Buy Me, Get It Sold, and Hidden Potential  can be great “tools” to ask clients to watch. On shows geared towards sellers, real estate “experts” walk through the property picking out all of the reasons why they feel the home is not selling while the owners sit back, watch, listen and cringe. Typically for about 2,000.00 designers will come in and stage the home. The transformation is amazing sometimes netting a seller thousands in return. While not everyone will have 2000.00 to spend getting their home ready for sale, decluttering a room and a can of paint can work wonders and can completely change the feel of any room.

Other shows like Hidden Potential (which brings an architect along for the ride with buyers through homes they would typically run from upon entering) and shows them the “hidden potential” of the home within the specified budget of the buyer. The show can really help buyers have an open mind and more importantly, vision.

On the down side of reality TV and real estate, some of the things that personally make me either laugh or scream are … how hilarious is it when the agent sits down with the client to write an offer and it’s one piece of paper and they’re done!?! While I am sure they must stay within a specified time frame for the show, this is not true reality TV.  Here in PA, there is a mountain of paperwork that must be completed just to make an offer! Secondly, the other night I was watching a show geared toward first time home buyers, there was a bidding war on a condo. The agent suggested to her clients they drop the mortgage contingency on their offer to get the condo. My jaw just dropped and I had to wonder who’s best interest she was looking out for … fortunately the “virgin” buyer told the agent absolutely not and although they lost the condo to another bid, they didn’t lose their shirts!