Tag Archives: wheatfield homes for sale

Could Wheatfield Property Sales Actually be Made in Bitcoins?

Would you be willing to sell your Wheatfield property to a buyer who is offering virtual currency?

In recent news, there has been an influx of people who are putting their homes up for sale in Bitcoins. It may be actually worthwhile to consider the upsides, because doing so opens up your Wheatfield property to a vast new market (not to mention potentially garnering the attention of your local media and scads more traditional buyers who are in their audience).

You may have read last December’s reports about the man who tried to sell his ranch-style home in New York for $799,000 worth of bitcoins. Another seller, a 22-year-old Canadian man, put up his advertisement in March. He had the distinction of being the first one in his town to advertise a home in exchange for the popular digital currency.

Now in case you’ve been putting off trying to figure out what Bitcoin actually is, perhaps we can save you some trouble. It’s an open source and decentralized peer-to-peer payment system that allows its users to buy and sell in virtual cash.

In case that sounds like gobbledygook, in the simplest terms, it’s a system where you don’t need to have real, government-minted cash to close a transaction—all you need is an online “bank account” with enough Bitcoin to pay for its dollar equivalent. Bitcoin’s primary attraction is to those who feel queasy about the stability of traditional currency, especially those who fear inflation. Their fears are quelled by Bitcoin’s creators, who guarantee that only a certain amount of Bitcoin will ever be allowed to circulate. Apparently, many people believe them.

Bitcoin might be new (introduced in 2009), but it is gaining more and more popularity. Even businesses like Overstock.com, Virgin Atlantic, the Sacramento Kings, TigerDirect, Atomic Mall, Clearly Canadian, and Zynga now accept bitcoins. As more credible parties accept them, the more credible the phenomenon becomes.

How could it help you sell your Wheatfield property? Many people who are using the services of online advertisers are technologically savvy, and usually aware of how Bitcoin is fast becoming a popular payment system for online transactions. Compared with credit cards which generally charge 2 to 3% in transaction fees, Bitcoin fees are much lower—practically negligible. Because it currently resides in such a small market niche, that target audience is especially attentive to Bitcoin-traded products. There is also the likelihood that at least some traditional buyers who stumble across such a unique offering will find themselves intrigued enough to investigate your property further. You may even make the news. Talk about free advertising!

Whether or not you’re a Bitcoin believer—if you’re ready to sell your property in Wheatfield this summer and want state-of-the-art marketing input—you’ve come to the right place. Call us today to discuss a marketing plan that, Bitcoin or not, is designed to bring in the buyers!

Wheatfield Home Sellers: Adapt to Millennial Real Estate Preferences

The generation born between the early 80s and just after the turn of the century (aka Millennials) have been slower to take the first steps toward home ownership than previous generations. That’s likely one of the byproducts of the cultural and economic shifts which have combined to make real estate less affordable (and proportionately less appealing). While there is no denying that lately it’s been a difficult environment for many Millennials to jump into the real estate market in Wheatfield, there are still plenty of young people who would like to buy a home.

But what makes Wheatfield real estate attractive to these younger prospects can be a lot different than what has traditionally drawn previous generations of buyers. And with fewer motivated prospects in this younger generation, if you will be selling your own Wheatfield NY property anytime soon, you should have your antennae up for how to include them in with your other potential buyers.

It’s no secret that Millennials devote a disproportionate amount of their time in the online world. In 2013, the number of hours Millennials spent on the Internet increased by 25% to nearly 25 hours per week. In short, homes with poor wireless and mobile connections will be a difficult sell to millennial buyers. If your current connection is slow, research other providers which will be available for a new buyer. Just the fact that such options are available can be enough to remove what could potentially block a sale.

Millennial buyers (well, most buyers, actually) don’t like cluttered homes—especially those littered with outdated furniture: it’s just too much of a leap to picture how they could make their own lifestyle fit into such a space. According to real estate website Homegain, sellers who invest just $500 in home staging can be expected to reap an average 343% on that investment.

Millennials work from home in greater numbers than ever before—so presenting one of your rooms as a home office can create an appealing environment. Even if a room is currently being used for other purposes, having a wireless device working in a corner will usually be enough of a cue to point out its home office potential. If no dedicated room is available, staging a corner in the kitchen as a mobile docking/work station can also do the trick.

Millennials aren’t just refraining from purchasing homes—they’re also avoiding car purchases in the same numbers. The percentage of 16- to 24-year-olds with driver’s licenses has been dropping since 1997 (it’s now under 70% for the first time since the early 60’s). Walkability is the term describing how easy or difficult it is to walk to work, public transportation, stores, parks and other facilities. If this factor is a real estate plus for your home, create a bullet point list of approximate times or distance to local features that are closest to your property. Five or six should be enough (even if some are just a pond or small local market!)

There is a convincing amount of evidence indicating Millennials are simply delaying real estate purchases—rather than planning to skip home ownership altogether. As the economy slowly improves, we expect greater numbers of younger buyers to enter town’s real estate market. For now, if you will be listing your property in town this spring or summer, it’s important to keep all potential client pools in mind. We’re here to help cover all the bases—call us today if you want get going with a marketing plan designed to sell!

What You Should do if Your Wheatfield Home Won’t Sell

Even in today’s Wheatfield real estate market there are still a surprising number of homes that have been on the market for a few months with no obvious signs of activity. If your Wheatfield, NY home has been on the market for a while without any serious offers, it’s probably time to take another look at your strategy and your home to make it more attractive to buyers:

1. Review your asking price
The number one reason we see Wheatfield, NY homes sit on the market is because of listing price. If your home is priced above the market the likelihood of selling it are greatly reduced. Your Realtor® should have provided you with a list of comparable recent home sales in your area along with a professional analysis to figure out the proper selling price (if your Realtor didn’t provide this, contact us and we’ll send you one).

Drive by the homes on the comparable sales list your Realtor provides to get a feel for what’s been selling.
• Are those homes really comparable to your home?
• Are they in the same condition as your home?
• Are the schools of the same quality as the schools in your neighborhood?
Pay particular attention to any differences (or in any variances in HOA or Mello Roos) as they can significantly impact your home’s value versus the Wheatfield marketplace. A good comparative market analysis will help you figure out the RIGHT listing price for your home.

2. Take a video of your home
Shoot a video of your Wheatfield home both outside and inside. Then watch the video (preferably on a computer or larger screen) objectively as if you were a potential home buyer. What do you see? Look for negative elements such as weeds growing in the yard, dirty carpets, or a cluttered interior. It’s important to notice negative elements you can quickly fix to make your home more appealing to buyers. It may surprise you to see what your home looks like when viewed on camera.

3. Leave during your home’s open house or showings
It is vitally important that you leave the house when buyers are touring your home. Potential buyers will not feel comfortable looking in closets or in drawers with you standing over their shoulder. They will also be less likely to express their true opinion about your home. Therefore, do everything you can to be scarce during showings. Additionally, if you have pets, take them with you along with items like food bowls and litter boxes. The last thing you want is for potential buyers to contend with your pet pitbull or the odors coming from a litterbox.
4. Hold an open house on a weeknight
While most buyers in the market for a Wheatfield home are accustomed to attending open houses on weekends, there are those for whom weekends just don’t work. By holding an open house on a weeknight you face less competition than on a weekend and may draw in buyers who normally would not have seen your home.
5. Consider staging your home
To stage a home simply you can just remove all personal items, add neutral window coverings, paint in neutral colors, and take down most decorations (most homes are over-cluttered). Ask your Realtor for advice. For example, you may love zebra print and red accents; however, that’s not going to appeal to most buyers. Loud designs and bold colors can easily detract from the positive aspects of a home. If you feel you can handle the staging project yourself, have at it. However, if the process of staging your home seems overwhelming there are companies that can professionally stage your Wheatfield NY home for you. Contact us for a reputable referral.
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If you find yourself in a position where your house just won’t sell, DO NOT just sit and wait for things to change. Take action before market conditions change! Feel free to give us a ring if you’d like some advice.