In my opinion... if you're looking for homes in the under $200,000 price range, there are a few things that will help you acquire the home you want.
1. Don't look at homes at the very Maximum of your budget. Why? Because they're likely to have multiple offers and you better come in with your absolute best. If the bank says the top of your budget is $175,000... I'd stick to looking at homes $170k or lower. That way, you can come in with a good offer, and you're able to entertain a counter offer or two if you get them. Plus, you'll have a little extra money each month to make some updates if you want, down the road, eh?
2. Think about the things you have to have. For example, if you say you want 4 bedrooms, but don't really NEED 4 bedrooms, why not go with 3? An extra bedroom adds a lot to the value of a home. If you decide you can live with one less bedroom, now you can look at the nicer end of the 3-bedroom market instead of the shabbier end of the 4-bedroom market.
3. Be READY to make an offer! These homes are selling fast. There's a shortage of homes for sale under $150k for sure. If you're not really sure if you want to move or not... I'd wait until you're absolutely ready. You may be searching around for just the right home... and when you find it, you'll put your house up for sale. But most likely... there's going to be an offer on that home that isn't contingent on a home selling. They're going to take that offer over yours if it's a good offer. Does that mean I'm saying put your home up for sale now... and let the chips fall where they may? Maybe. That's up to you. Are you ok living in an apartment for a few months if necessary? You'll have a lot better luck with any offer you present to a seller if it's not contingent on your home selling first. It may not be your favorite option, but it might be your best. Depends on your situation.
4. Don't be so picky. Yes, I know you want everything to be perfect... but it's not brand new. There will be things that you're not 100% happy with. That's why it's priced a heck of a lot lower than it would cost to build a brand new home just like it. You'll have to settle with a few things that aren't perfect. To me... if I find a home that I like, with a layout that works, in a setting I like... then I can fix some of the little things over the years.
5. Ask your Realtor (wink wink), to be brutally honest with you. Tell them to be frank with you regarding everything. After all, we see what's going on with the housing market. We see how fast homes are selling, what percent of the asking price they're selling for, and how negotiations are being handled. It's not the same every time. It's important to know how to handle every situation as best as possible.
Are we perfect? No. But we're 100% on your side. We're here to give you the advice, confidence, and knowledge to make the best decisions you. Of course, it can be stressful. We will assess every situation thoroughly in order to provide smart solutions to any bumps in the road that may pop up.
We'd love to be your real estate team for your home selling or buying. If you want to discuss the possibility of buying or selling in the future... let us know. It's never to early to start the conversation. : )
Sioux Falls, SD
Call, text, or email. Whatever you prefer. Have a groovy day!
Are you looking for a new place to call home? You might feel like some people are a step ahead of you. You see a home for sale that you adore... but by the time you request a tour... it already has an offer on it. Dang!
If you grab a great Realtor like myself, I'll keep you a step ahead. I get notified on many homes and townhomes going up for sale before they're available for the public to see.
To have a Realtor looking out for you and monitoring the market gives you an big advantage over just doing it on your own. Homes for sale in certain price ranges can get an offer and an accepted offer very quickly. So, having your ducks in a row with a pre-approval letter from your bank and having me keeping an eye out for you will give you the best chances of getting the home you love.
Let me know if you're ready... and then I'll discuss your wants and needs with you. The bottom line... I'm here to help. I am working for you! And I love doing it!
Hegg Realtors - Sioux Falls
Searching for a New Home?
When we bought our first home, my husband and I didn't know a lick about anything. We were at the Realtor's mercy. We didn't know who paid our real estate agent, we didn't know that just because she showed us a home we weren't obligated to use her (even though that's what she insinuated), and we didn't know how the process worked.
Looking back, I want to be the one who can be trusted by the first time home buyers. And I want to be the one with the reputation of honesty and intelligence in all real estate transactions.
Let's get back to that one thing we didn't know... Who pays the buyer's real estate agent? Well, typically, the Sellers pay. But I don't think most buyers know that. If I were to go back in time to when we were buying our first home, we for sure would have chosen our Realtor a bit more carefully.
So, if you're searching for a home, I'd recommend having a Realtor help you out. I can set up alerts for the type of home you're looking for. You can get an automatic notification when something new pops up. But you shouldn't really rely completely on that either. I love searching and keeping our pulse on the residential real estate market in Sioux Falls and around the area. If I'm searching for you... you're going to know it. You're going to get the attention that you appreciate. You're going to know that I'm working our tails off for you!
And in a market where homes are selling fast, you want to make sure you have all your financials in order and when you find "the one", you're able to make an offer as soon as you can. Get that pre-approval. Even if you're "just looking". You never know when you'll find a home for sale that you fall in love with.
Let's make it easy, fun, and as stress-free as possible! Happy hunting! Let me know if we can help.
Sioux Falls, South Dakota
Search For Homes
Homes For Sale in Sioux Falls, South Dakota
Are you ready for a different home? Maybe you need more space, or need a smaller space. Maybe you're moving in from a different area because of a job switcharoo.
I'll help you find a home that will fit your needs and your budget. I can constantly monitor the new homes that come up for sale, and sift through the current homes for sale that may be your next home sweet home.
You may not have the time to stay on top of the market, but I do. It's my job. It's also my job to be your home buying helper. You're my priority. If you want to look at a few homes some day, no problem. If you want to look at more another day, sounds good to me.
One other aspect of my job is to work on your behalf to get you a fair deal. Whether it's making an offer or combing through a counter-offer, I'm diligent in my duties for you. I've caught many mistakes that others have made that would have made things more complicated at closing. I'm a stickler for details. And it's because I want your home buying or home selling experience to be the best you've had.
I was a high school math teacher for many years. I loved helping students be the best they could be. And that "helper" mentality goes with me no matter where I am and what I'm doing. I'll give you the care and attention you deserve.
Sometimes the real estate market can get a little dicey. There are people out there that will do anything they can to squeeze every penny out of a deal. I'll be your best negotiator for you because I'm prepared. It's better to have more than enough knowledge about a property than "just enough".
Sometimes issues come up. I'm going to be there for you to make sure everything gets fixed, smoothed out, and addressed in the proper manner. As fast and efficient as possible.
If there's a new home in your future, or if you're thinking about selling your existing home, I'd appreciate the chance to work with you.
Sioux Falls, SD
Search for Homes For Sale
Is it a buyer's market? Or a seller's market? I don't think one is better than the other. We're in a great area for buyers and sellers! Sioux Falls is growing... and so are the neighboring communities. Brandon, Garretson, Harrisburg, Canton, Hartford, Renner, Crooks, Tea, Corson, and others are going their own kind of gangbusters!
We are in a wonderful housing market. Is there a right time or a wrong time to buy or sell? Well, of course, that depends on your situation. But interest rates aren't a problem. Interest rates are fantastic in my opinion. Our first home loan's interest rate was in the 6's. And we thought that was awesome! And it was.
Is there something in particular you're looking for? I'd love to help you find it. I have fun staying on top of what's for sale throughout the area. I would enjoy finding YOU something to be excited about!
Are you wondering what your home is worth before you decide to put it up for sale? I can stop by and discuss everything with you. I'll collect the data needed and do my due diligence, so we can be confident that we're pricing your home right.
The attention you get is important to me. You need to feel and know that your needs are being met and exceeded. That's what I want to be for you. If you need advice, support, or someone to bounce ideas off of, I want to be there for you. I will be there for you.
So, is the housing market a good one? You bet it is! Especially if I can be the one to have your back. I'll be working for YOU. We'll make sure we're making the smart decisions that get you where you want to be.
Have a great day!
Sioux Falls, SD
Let me give you an example story about why you want your home to appraise at or above the value of the accepted offer...
You may feel that your house is worth $215,000. You set your sale price at $217,000. You have multiple offers to choose from. One is 213, one is 214,500, and the other is 216 because they know there's a shortage of good homes for sale and they LOVE your home. They want it bad.
You're thinking, "Yes! We're going to get what we want, maybe more!"
Did you know that the bank that loans the money to borrow needs to have the home appraised? Because they need to know if you default... that they can get their money back if they need to sell it.
The house appraiser goes off of "comps" or comparables. Referring to properties with characteristics that are similar to a subject property whose value is being sought. Meaning that they'll look at similar homes that have sold in your area. And sometimes those homes have to be within a really small area around your home (depending on the loan type). So, that can make a big difference.
The appraisal comes back at $207,000. You're thinking, "What? That's not right." But it all has to do with the "comps". And sometimes it doesn't seem real fair. Sometimes it might not be. But we don't make the rules. The bank with the money to lend does.
Now, the buyer has the option to negotiate again. They may want to offer you 207. But one of the other offers might want the home bad too... and offer you 210 because they don't need to borrow the full amount. Maybe they have enough to put down and don't mind if they're paying a bit more than the appraised value. But you still may want to hold out for 215. That's your option. But there's probably a limit to how far people will go above the appraised value. This is not a super common example, but common enough. Sometimes things just get a little complicated.
All of these things are why I'm here. I'll make sure you know what could happen. I'll make sure you know about the comparables I use when we're coming up with a sale price for your home. You may or may not have an idea of what you want to sell your home for. Either way... we'll talk about all of the variables to come up with one of the best plans for your situation.
If you have other questions about the home selling or home buying process, please let me know. I'm a teacher at heart, and I love to help. :-)
Sioux Falls, SD
Ever wonder if the real estate market is still hot?
The last home I had listed, sold in one day. It was in Brandon, South Dakota.
But it takes more than just a good market. It's important to price your home right... while still getting in the top range of what it's truly worth. A lot of factors go into pricing your home to sell.
If you really want to get people interested when they look at your home online, you have to have good pictures. Pictures that tell help potential buyers really feel what the home is like.
I take multiple shots and then go through them all to pick the very best ones. Have you ever looked at homes online and you almost have to crank your head sideways trying to figure out what you're looking at? That shouldn't happen. Every picture should be crystal clear (can't believe how many blurry pics I see). Pictures should also be relevant. Which means, if you take a picture of some "thing" or room that really has no bearing on whether someone would choose to buy the home... then skip it. Only highlight the parts of the home in which potential home buyers truly care about. And then show those areas of the home in the best possible way.
With the description and the pictures, we're trying to entice your potential buyer into seeing it in person.
And once you get people into your home, you have to deliver what they were expecting...and more. The simple things need to be done. It needs to be clean, picked up / organized, and allow the potential buyer to envision themselves living there.
So, when you're ready to sell your home, I'd love to be the person you trust. One thing about me that you'll appreciate is that I'm always working hard for you. I make sure everything is in order. The paperwork and every step along the way will be done right and in a timely manner. I'm an organized person at home...and it carries over into the work I do. All i's are dotted and t's are crossed.
Oh...and phone calls, texts, and emails will be dealt with fast. I'm not ever going to make you wait, wondering if I'll ever get back to you with an answer to your question. I wouldn't want to be left hanging if I were in your position, so, I won't do that to you. I like to have things moving along nicely and quickly. Because the faster everything is taken care of for you, the easier it is for you.
Have a great day!
Sioux Falls, SD
Spring Lawn Prep info and graphic from National Association of REALTORS®
Lawn aeration brings oxygen, water, and nutrients directly to grass roots, which helps make your lawn green and lush. It's a critical part of spring and fall lawn care and gives roots the vital boost they need.
I'd love to help out with your home buying and selling. I've experienced 4 home purchases and 3 home sales of my very own. Which means, I don't just know the local Sioux Falls real estate market, but I know about home ownership.
My husband and I have lived in 4 totally different styles of homes. From a small 2 bedroom Ranch, a nice-sized story and a half, a brand new custom-built home... to an ultra-unique "reverse walkout" just outside of Sioux Falls.
Bottom line: I have the experience you need... and I'm a stickler for details. All the i's will be dotted and t's will be crossed.
And if you need some lawn advice, I'll probably refer you to my hubby, who knows quite a bit about creating a nice lawn. Have a great day!
Sioux Falls, SD
1. Little Things Matter (Selling Your Home)
Put yourself in the buyer’s shoes. What would matter to you? The little things can add up to a lot. Like trimming bushes, edging the sidewalk, or washing a few windows. Inside, make sure your house smells good. There are a lot of great-smelling household cleaners out there. I always say, it doesn’t cost much to clean well. And it makes a big difference to buyers.
Make sure your closets are organized well. Don’t let it be overflowing and looking too small. All rooms should be de-cluttered as much as possible. Less is more. Make sure the kitchen is immaculate. Dust, clean toilets, mop floors, scrub all those places you haven’t in a while, etc. A good, deep clean is very important.
Put out fresh towels, minimize family pictures and knick-knacks. Everyone’s sense of style and design is different. Just make sure that the buyer will be able to visualize some of their own things in the house. If it’s too cluttered, it’s tough for a buyer to imagine themselves living there. And definitely make sure the dog’s doo-doo is picked up!
It's all time well-spent and extra elbow grease is cheap.
2. School’s in Session – Take Some Notes (Searching for a Home)
I’d recommend keeping a list of pros and cons of all the homes you look at. Even if it’s just the major items that stand out to you, it will help to be able to look at your notes at a later date. It will help you go back into those homes in your mind. You may think you’ll remember everything you liked, loved, hated, or were apathetic to, but after a while, it’s hard to keep them all straight.
3. What Season is It? (Selling Your Home)
I didn’t think of this right away, but different seasons can affect the way you show your home sometimes.
Winter: If there’s a fireplace, make sure it’s in working order. Around the holidays, you can add touches like wreaths and a few other accents. Just don’t overdo it. Find photos of your home in other seasons other than winter that “shine a nice light” on your property. That way potential home buyers can see what it looks like without 8 inches of snow on the ground.
Spring: Flowers are always a good touch. “Spring”-scented candles are nice. Make sure you do a top-to-bottom Spring cleaning. Use bright-colored linens, spreads and pillows. Any extra splash of color you can add will also help.
Summer: Summer is outdoor time. So, make sure the yard, patio, deck, or any outdoor area is as inviting as possible. Hanging flowers are a nice touch. Keep the house cool but not cold.
Fall: Pumpkins by the front door? Sure why not. As long as they’re not rotten. Vases of some fall foliage can help make it pleasing to the eye. Just don’t overdo anything. Less is more. Maybe incorporate a seasonal scent like baked apple pie. Make sure the falling leaves haven’t taken over your yard, too.
Don’t let this list panic you though. These are just suggestions. Mostly remember that simpler is better, cleanliness is vital, and put yourself in the buyer’s shoes.
4. Investments in Your Home (Getting Ready to Sell Your Home)
You may need to consider replacing a few items that are run-down, shabby, or not in working order. Maybe you should power wash your deck or fence and re-stain? Could a few more plants in your landscaping help? Fresh mulch? What about faucets? Old faucets are pretty easy to replace. And if a toilet is stained beyond the point of no return, you may want to have a new one put in.
Some art on the wall always helps to add some color to a room. Don’t be afraid to head to a bigger department store that carries a lot of framed or canvas art. They’ll be prints. And they’re very inexpensive. Plus, any wall hangings you do invest in can go with you to your next home!
5. Extra Research Can Save You From a Bad Buy (Getting Ready to Buy a Home)
You can scope out the neighborhood at different times of the day to make sure there isn’t anything obnoxious that you could have missed before. But it doesn’t hurt to do a bit more detective work.
Make sure there aren’t an abnormal number of homes for sale in the area. If so, you might want to keep digging until you find out why. What kind of commercial business is in the area? Does it seem to be flourishing? Or are there a lot of vacant commercial spaces?
Just make sure you don’t let too much emotion drive your buying decision. Of course, there will be a lot of emotions, because it’s exciting to shop for a new home! But remember to tell your left brain keep your right brain in check.
6. Is a pre-inspection worth it? (Selling Your Home)
Pre-inspections aren’t mandatory, but the potential buyers can have an inspector go through the home with a fine-tooth comb. You could have a pre-inspection. Here are a couple reasons to consider: 1) It will give you a chance to fix something that you didn’t know about. 2) It’s a way to show that you’re up front with buyers and not trying to hide anything.
7. Don’t Be Stubborn – Think the Numbers Through (Buying a Home)
Be careful to not get into a “win at all costs negotiation”. You could be the stubborn type (which I completely understand) and let something like a few grand come between you and your next dream home. Here’s a hypothetical for you. What if the interest rate is 4.5% and the negotiation seems to be at a stalemate and you’re still $5000 away from what you said you were willing to pay. Assuming a 1.25 percent property tax and 15 percent down, that’s only about $25 per month on a 30-year mortgage. Think about that before you drop everything and take yourself out of the running for a home that you truly love. Of course your numbers will be different. I’ll help you work them all out if you need them. Did you know I was a high school Math teacher for 15 years?
8. Curb the BIG spending if you’re thinking about BUYING
I wouldn’t buy a car right if you’re thinking about buying a home (Unless you don’t think your debt-to-income ratio will be a problem with your mortgage banker). Opening new credit cards or accumulating any other kind of new debt can potentially hurt also. And try not to go from employed to self-employed prior to buying a home.
9. Is the Price Right? (Pricing Your Home To Sell)
Pricing your home accurately is important. Yes, you want to get as much as you can for your home, but take a few things into consideration. You may be tempted to overprice when there are a low number of homes for sale combined with high demand. That’s economics, right? And it could cross your mind to go low to stir up a bidding war. My advice (along with many others) is not to play pricing games. Price your home fairly.
Of course, that doesn’t mean you have to price your home exactly what other homes in your area have sold for. But that’s a good starting point if they are similar in size. Then, you have to look at any other additional factors that could affect the value of your home. What are the most important things people are looking for in your price range? Is there anything about your home that would raise the eyebrows of a potential buyer (either good OR bad)?
But that’s what I’m here for, too. We’ll talk through it. I’ll show you the research. I’ll evaluate your home and the market thoroughly before we agree on a listing price. We want to get you the fair market price for your unique home, and also get it sold in a reasonable amount of time. There are many things to consider. Again, we’ll talk it through together. I want you to be comfortable with everything, every step of the way.
Should we get to work?
To me, it’s important to be “real” with people. I gain nothing in the long run by not being completely honest. It’s in my nature to help people. At the end of the day, I want you to understand everything completely. I think back to when my husband and I bought our first home. We were young and clueless about a lot of things. We didn’t get a lot of help. Things were NOT explained to us like they should have been. If I knew then, what I know now, I would have fired a Realtor or two in the past. And I think we were afraid to ask questions sometimes. So, I don’t want that to ever happen to anyone buying or selling a home. There’s no dumb question. This should be a wonderful experience for you. I want you to know that I’m in this with you. I’m on your side. When you end up happy, I end up happy.
Sioux Falls, SD
I am a licensed real estate agents with Hegg REALTORS in Sioux Falls, South Dakota.