tips for sellers: Remodeling? Flipping? You Need to Read This - 12/10/07 05:58 AM
by Rich Schiffer, Weichert Realtors 
When selling your home, there are two key concepts to getting it sold for the best price that the market will bear:
Price it according to market conditions.Update it to market standards. This article focusses on #2. 
Whether you are an Investor buying properties to "flip" or a homeowner who wants their home to be positioned to sell quickly, you need to know how much of your investment you stand to recoup for any particular remodeling project.  To that end, you should familiarize yourself with the results of the 2007 Cost vs. Value Report, by RemodelingOnline which has just been released.  It shows some very interesting results.  This … (8 comments)

tips for sellers: What To do Before You Sell - 05/03/07 05:05 AM
by Rich Schiffer, Weichert Realtors 
(Reprint Permission Granted.  Click here for a list of other Advice to Home Sellers articles by this author.)
In a recent blog post, I was asked the question, "What are the top 5 things homeowners should do/replace to get the best value from their home?"
Here is my answer:
The first advice I would give anyone considering selling their home, is to get in touch with a local REALTOR, for specific advice about your specific property in your specific market.
But that aside, there are some general bits of advice I can give you:
Identify the areas that need most improvement.  Ask yourself, "If you were looking to buy this … (10 comments)

tips for sellers: Absorption Rate: What it is, and Why you Should Know it - 04/29/07 02:12 PM
by Rich Schiffer, Weichert, Realtors 
Before I began my career in Real Estate, I had often heard the terms "sellers market" and "buyers market" but I had never stopped to think at all about what these terms really meant.
Now that I am engaged in this career, and am being looked to as an expert by my clients, I thought I should boil this down in a way that would make it easy to explain to the consumer.  In addition, a recent conversation with Jeff Bellonger tipped me to the fact that this simple concept may be misunderstood by other professionals in the … (67 comments)

tips for sellers: Educating Sellers about Market Value - 01/25/07 04:32 AM
by Rich Schiffer, Weichert Realtors
Sellers are often affraid that they are going to get less money for their home than it is worth.  So in their minds, the best thing to do is price it high, so when they accept a lower price, they will "be ok with it."   This leads to properties that get few showings, spend many days on the market, and many headaches for sellers and their agents, as they try to market a home to a consumer that is likely looking in another (lower) price range.
To address this, we need to better educate our clients.
Someone once said, "Use … (17 comments)

 
Rich Schiffer, Referral Agent, e-PRO

Rich Schiffer

Referral Agent, e-PRO

Swarthmore, PA

More about me…

Address: 854 Michigan Ave, Swarthmore, PA, 19081

Mobile: (610) 506-2663

I will be posting information intended to be helpful for home buyers, sellers, and investors. I will also post articles intended to be of benefit for other Real Estate Professionals. I will try to avoid articles on religion or politics, unless it has direct bearing on Real Estate matters, but I reserve the right to be thought-provoking, and even philosophical at times. (And even humorous, if I am feeling in the mood) Please sign our guestbook:

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