These sellers earned over 1k per hour preparing their home for sale. Step by step this is how they did it.

Front porch

So, we did some fun math with a recent seller and as it worked out they earned 1,262.50 an hour for their efforts in getting their home prepared. Here is the story…

Shortly after our sellers agreed to  let us  help them  sell their home  on W Frances Pl, this comparable home on N Fresco went pending. Screen shot of the details on both (other than the address) here.

Screen Shot 2015-03-20 at 12.33.22 PM

The N Fresco home was pretty comparable with the exception of being a single story (which often sell for more than 2 stories) and had 1 less bed and bath and it didn’t show well. So maybe, at least in my head, those tradeoffs were just a swap. What this meant for my sellers was if they were going to sell their home and did nothing to improve it, it would probably sell for about 446,000 and take some time to sell.

My suggestion at the time was to shoot for 475k and see how the market responded. As time went by and their house evolved, we advised “go for it pricing” at 499k.  After receiving multiple offers we ended up selling for 501,500. Making the difference between where they would of sold doing nothing and where they ended up going through our preparation process $55,500.

Earning that extra $55,500 took time and money. The sellers said that they spent about 5k and it took about 40 hours of work. If you do the math that equates to $1,262.50 per hour. I’ll take that job! How about you?

If you want to discuss how to prepare your home to sell, let me know. Happy to help.

Gosh, I love this Central Austin Home!

I love this home! It’s super nice, features wonderful historical architecture, has great energy, lot’s of natural light, spacious rooms and thoughtful modernizing touches and is literally steps away from award winning Lee Elementary. If you are into charming – this one is for you! The details are 1800 feet (ish). Has 3 bedrooms, 2…

Sellers got love from buyers this Valentines

I hope all of you had a fantastic Valentine’s Day and got your share of love.  Central Austin sellers certainly did! The market is heating up, and buyers are courting sellers with money, sureness of deals, and whatever else a seller might want.  To illustrate, in the under 500k range we saw 1 home with 30+ offers and another home with…

Coming soon Classic Hyde Park Bungalow

  Coming soon-  Classic Hyde Park Bungalow with original Long Leaf pine floors. Updated home with recessed lighting, high ceilings, amazing kitchen update complete with granite counter tops and custom wood cabinets.  Huge front porch that is just begging for a porch swing! Kitchen has a great breakfast bar and a beautiful sunny area with…

Coming Soon at 4909 West Frances 78731

In the next couple of weeks we will have a new listing on the MLS. It’s a 2 story 4 bedroom, 3 bath pier and beam home with wood floors, lots of natural light, a larger yard (for the area) on a street with sidewalks, beautiful trees and really close in to downtown. We are…

Here I go with predictions for the Austin Real Estate Market! And suggestions…

One month into 2015 buyers are busily looking for homes while sellers are still getting their homes ready for market. So, for my monthly market update, there is no real action yet but it’s coming. The number of homes available to choose from is still really low and we are all just waiting. Guess it’s…

Everyone (myself included) has predictions for Austin Real Estate in 2015

  There was a second report from Fitch Ratings saying Austin’s housing market is 20% over priced and this one predicted a slight decline in Austin home prices for 2015.  The Fitch report cites the cost of living in Austin vs. the rest of the state and our exposure to oil prices falling. If you…

Interest rates in the news and a look back at historical rates

Thought I would share this cool chart that shows interest rates since 1984.  Even though rates have been creeping up lately, we are still close to historical lows relatively speaking.       More interest rate info – The Fed sets interest rates (discount rate) and is the focus of this article in USA Today that explains…

Field notes 3/2’s under 500k in Central, North Austin

I went out today and saw most everything that was a 3/2 under 500k in Central, North Austin. These are my field notes. Hope you enjoy. The ones with stars next to them are properties that I thought might be worth you taking a look at. 4605 Beechwood – small lot, needs updating. Wall paper,…

Bungalow in Hyde Park sold for over asking price in 4 days!

This great bungalow in Hyde Park Recently sold over asking price in 4 days! This house was a remarkable story from start to finish. We were able to get the house listed within 9 days when the sellers gave us the green light. Executing our three preparatory steps in record time, we were able to get the seller’s a…