St. George Utah Real Estate Infographics
As humans, we are visually predisposed to absorb complex detailed information at the blink of an eye. In a day and age of Hipsters, MEMES and a plethora of over-the-top social media channels, it’s easy to suffer from information overload. As a means of communicating multifaceted ideas in their most simplistic form, Utah MLS Real Estate’s infographics are meant to give a graphic visual representation of some cash saving real estate information, data, and ideas in a clear and concise manner.
Covering everything from social media’s relevance in the technological frontier of real estate marketing, to identifying the “usual suspects” in any given real estate transaction – be they baby boomers or generation X’ers.
While most of these real estate infographics have been “borrowed” from other Realtors on Pinterest … they are incredibly helpful at conveying many convoluted thoughts, ideas and emerging trends.
The sometimes long and dusty road to successfully selling your home can occasionally be a frustrating one. Understanding how to increase your properties desirability – particularly when compared to its competition – can greatly reduce the anxiety of the home selling process. Below are six cost-effective ways of adding value to your home and maximizing your ROI (return on investment).
Organize, Clean and De-Clutter … Better known as OCD
For approximately $300 (depending on the state/city) the average home seller can hire a professional cleaning service to clean your entire home. While at the same time de-cluttering all the rooms within the house to create a greater sense of space – which is often a huge selling point for today’s homebuyers.
Brighten Up Your Homes ROI
Light, bright, and spacious rooms are critical to enhancing a homebuyer’s first impression. For those sellers that like a good last-minute value-added investment, it has been demonstrated that purchasing high-end light fixtures nets approximately 300% over their initial cost. Example: Those sellers that can afford to invest $1500 on high-tech lighting around the house can generally expect to see a $7800 return on their investment. When aiming for the tech savvy millennial homebuyers, style and functionality remain critical. Those light fixtures that are Internet ready and have the ability to interact with today’s modern smart phones tend to have the best ROI.
Inspect and Perform Maintenance Before Listing
Understanding that, should your home receive an acceptable real estate purchase contract, the buyers will be obligated to perform their own due diligence. – Such as an in depth Home inspection. By eliminating any potential maintenance issues upfront, the seller increases their marketability and potential eliminating any requests for repair. Ranging anywhere from $200-$450, a qualified Home Inspector can ensure there are no ‘Section 1’ termite issues, leaky water pipes, electrical issues septic problems, or other potentially costly repairs.
Increasing your homes curb appeal by simply cleaning up your yard and making sure your trees, shrubs, and other plant life are vibrant green, helps to ensure clients will want to go beyond the front yard. Those listings with a shabby front yard and disheveled landscape are incredibly hard to get buyers interested in. Buyers do judge a book by its cover. Viewing the condition of the front yard as an ominous barometer to what lays beyond the front door.
Hardwood, tile, or slate – buyers tend to be attracted to homes that have more modernized flooring, which ultimately translates to an increased value for the property. Toss out the old shag carpet: when potential buyers are made to endure a “Well seasoned” carpet scheme, they tend to think about his replacement cost. Rather than being stunned and wanting to write a contract on the home, they’re running for the door, wondering why their buyer’s agent brought them to this listing in the first place.
While not one of the higher ROI items on today’s list, painting your home before putting it on the market is one of the more attractive things you can do to help get the market’s attention, and ultimately selling your home. That new coat of paint tells any potential buyer that your home is fresh and well cared for, and is already in move-in condition. Generating anywhere between 100 to 120% return on investment, those home sellers and can afford approximately $2000 on getting their home a facelift can ultimately add approximately $5000 to the home’s value.
Remember, when you’re selling your home, the property needs to be “ready to show” at all times. With today’s modern Keyboxes and hungry Realtors looking for the best deals – you never truly know when the right buyer might be walking through your front door. Those listings that are Keyboxed and ready to show must be maintained in showroom shape. No dishes in the sink, no dirty laundry in the laundry room, keep the bathrooms pristine clean and make sure any pets are restricted to the backyard. While this routine may be a little inconvenient in the short term, it could benefit your bottom line at the close of escrow.
In this St. George Utah real estate infographic we’ll drill down on the average profile of Southern Utah’s primary players in the real estate transaction – the buyers and the sellers.
According to the statistical data on today’s infographic, the average buyers look something like this:
While the average buyer of today’s real estate is approximately 42 years old, most take their initial leap of faith into the real estate market at 31 years of age. The statistical average age of the 2nd home buyer (see: retirement property) seem to be focusing on their rapidly approaching golden years … at only 52 years old.
Other interesting facts of The Usual Suspects:
Most of today’s buyers have already entered marital bliss; 92% of today’s technologically advanced buyers have done advanced research on both the area they hope to relocate to, as well as the available inventory within that area. Additionally, today’s buyers understand the patience pays off – and plan on taking approximately 12 weeks to visit an average of 10 homes before they commit to purchasing a specific property. And as today’s home prices continue to go up while the interest rates have leveled off – 88% plan on financing their new family home.
How today’s real estate buyers educate themselves:
38% of today’s homebuyers fall into the category “first time buyers.” While 42% start their home buying process online, roughly 2/3 interviewed at least one agent before settling on the realtor they used. Of those who did their due diligence in selecting an educated realtor… 88% stated they would feel comfortable in recommending their agent to either a family member or friend.
Today’s real estate seller’s:
they generally stay in their homes for about nine years, most are moving in order to facilitate a growing family, while 50% are selling their home as a means of upgrading into a newer abode. And provided they’ve been given accurate comps to work from … Today’s sellers can anticipate receiving approximately 97% of their initial list price.
Realtors can be pigeonholed and generalized also, for instance; according to today’s info graphic we see that the typical realtor is approximately 57 years old and is a white female who is graduated from college. Closing an average of 12 transactions a year, the median earnings of today’s hard-working realtor is approximately $43,500 per year. Of which, they claim approximately $4900 unrelated business expenses. While today’s real estate info graphic claims that only 12% maintain some form of real estate blog, 70% are said to have maintained their website for the last five years and 56% are active on social media.