Kopa Real Estate Blog

As we begin 2020 we want to thank everyone for your business and your referrals in 2019. We hope 2019 was a great year for you and wish you a happy and prosperous 2020!

Be Careful Listening To Predictions And Interpreting Data

This is the time of the year when everyone wants to make predictions about the real estate market and the economy. Do you remember this time last year? Everyone was predicting the Federal Reserve would increase interest rates 3 times and a recession was almost guaranteed to happen. Both of those predictions couldn’t have been any more wrong!

We will also see more end of the year statistics and projections for next year. Inside this issue we talk about one particular company using statistics to influence your behavior. In

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This is a great story about how being afraid of low-ball offers when selling your home winds up attracting low ball offers. The figures in this post have been changed to protect the innocent.

Whenever we talk with someone about selling their home, we go over the 3 strategies to price your home. We emphasize that it is YOUR home because we will give you professional advice, the same advice I would give a member of my family, and the final decision is up to you.

Occasionally we have a client who wants to price their home above the recommended market value. When we are in that situation, we do everything we can to get that price and the truth is sometimes the owner of the house is right and a buyer pays a higher price than expected.

What

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Open Door is a house flipping company that buys homes at a low price and then re-sells the homes at a higher price. I think it’s great that consumers have more choices today when it comes to selling their homes.

It’s great as long as consumers are informed and not being misled about the real estate market and the true expected sales price of your home. What I’ve found when testing an offer for my own properties is the offers were very low. Because I’m working in the real estate business I know their offers are low. My fear is Open Door is preying on people who are less financially savvy and the people who can afford to lose money the least.

Because I previously requested an offer, yesterday I received this email from Open Door saying the Austin

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Because we hold so many open houses, we see the same potential buyers over and over. They often tell me their struggles and frustrations about their home buying process.

Many of these struggles and frustrations are self-inflicted due to how they choose their Realtor. Buyers often think all Realtors are the same. As a result, when buying a home they will work with their friend (everyone has a friend in real estate) or hire an agent based on which agent gives you the largest rebate.

Especially in a low inventory real estate market like ours this is a huge mistake because you are not getting the most important things you need from a Realtor which are perspective and advice.

The average Realtor only sells about 1-2 homes per year. As a

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Are you planning to sell a home with a solar system in the Austin area? Follow these tips to maximize the sales price for your home.

  1. Put Together A Package Of Information About Your Solar System

Think back to when you purchased your solar system. What information was important to you? Chances are the buyer of your home will want to know the same things.

When we are selling a home with a solar system we will put together a package of information including…

  • Original cost of the system
  • Age of the system
  • KW size and number of panels
  • Warranty
  • Current utility bills compared to before solar system
  • Is the system owned or leased

It is important to have this information in the document section of the MLS as

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In our neighborhood everybody talks about the ways in which home values are affected in the community. Maybe it is new apartments being built, sometimes it’s cars parked on the street, many people are concerned about cars being broken into, for others the hot button is landscaping and how the community is maintained.

When I talk to our neighbors the conversation often turns to some of these issues and how they are affecting our property value negatively. They talk about all the visible things that may potentially affect home value in a neighborhood.

In reality there is a hidden killer of home values that very few people know about. The hidden killer is the average agent that listed your neighbor’s house.

Let me tell you why.

Because when

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If you’re planning to sell your home next year you’re probably asking yourself when you should contact us?

The short answer is that hopefully this timeline will give you an estimate of when you should contact us.

The longer answer is it depends on your particular situation. Some homes may need more time to be properly prepared for the market than others.

We always recommend contacting us as soon as possible.

One of the biggest mistakes we see sellers make is spending money on the wrong things. Certain improvements sound like a good idea in theory but don’t always result in a positive ROI in our market. Often, we meet with someone and could have saved them thousands if they had only called us a couple weeks earlier.

In other cases, we

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This is a popular question whenever we do our home selling seminars. The short answer is no.

When estimated a sales price for your home we want to compare your home to other similar homes that have sold recently. From there we want to make adjustments for specific features and benefits about your home and add in market knowledge from our side and where we expect the market is going.

The reason a tax value may not be accurate is the value of your home is established early in the year based on sales largely from the previous year. As I am writing this message some of those comparable sales are close to 2 years old and since we are in an appreciating market they may not accurately reflect what is happening in the current market.

If you

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If you are like me whenever you are buying a product or service you want to know what guarantees you will receive and how you can cancel the agreement. For some reason when people are selling their home they don’t think about getting a guarantee. Perhaps it is because some people think the real estate market is so good that every home will sell quickly.

In reality, about once a week we receive a call from a person trying to sell their home. Their agent isn’t performing and the seller isn’t happy. Their home isn’t selling and it seems like promises were made by their agent and not kept.

The seller wants to hire us to sell their home but unfortunately in most cases the seller has signed an agreement with the agent that doesn’t allow for the

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