{"id":9017,"date":"2018-05-10T11:11:04","date_gmt":"2018-05-10T18:11:04","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=9017"},"modified":"2018-05-07T13:44:51","modified_gmt":"2018-05-07T20:44:51","slug":"the-features-to-sell-a-home-above-asking-price","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/05\/the-features-to-sell-a-home-above-asking-price\/","title":{"rendered":"The Features to Sell A Home Above Asking Price"},"content":{"rendered":"<p style=\"text-align: justify;\">Homebuyers, especially first-time buyers shopping for entry-level homes, can expect to pay a significant premium for houses with listings that tout popular farmhouse or craftsman-inspired features, according to a new report from RealEstate.com, a Zillow Group brand tailored to helping first-time buyers find and budget for their first home.<\/p>\n<p style=\"text-align: justify;\">RealEstate.com analyzed listing descriptions from millions of entry-level homes, defined as those priced within the bottom third of the market, to see how certain home features, amenities and design styles affected sale price.<\/p>\n<p style=\"text-align: justify;\">Starter homes mentioning \u201ccoffered ceilings,\u201d \u201cclaw foot tubs\u201d or \u201cfarmhouse sinks\u201d in their listing descriptions saw some of the highest sale premiums of the keywords analyzed \u2013 selling for as much as 29 percent above expected values. Furthermore, homes described as \u201ccraftsman\u201d performed better than any other design style analyzed. Even though Chip and Joanna Gaines\u2019 \u2018Fixer Upper\u2019 TV show may be over, their farmhouse chic style has certainly had an impact on home trends, especially among entry-level homes or first-time buyers.<\/p>\n<p style=\"text-align: justify;\">Energy efficient features also command high premiums among entry-level homes. Homes mentioning \u201csolar panels\u201d sell for as much as 40 percent more than expected, but mentions for higher-tier homes only saw a 13 percent boost.<\/p>\n<p style=\"text-align: justify;\">Millennials are playing an increasingly larger role in the housing market. They make up 42 percent of all homebuyers today and 71 percent of first-time buyers, and their preferences \u2013 from location to home features \u2013 may have an increasingly notable impact on the market.<\/p>\n<p style=\"text-align: justify;\">\u201cIn today\u2019s competitive housing market, understanding what homes may command a premium or attract multiple offers can be hugely beneficial to buyers,\u201d says Jeremy Wacksman, Zillow Group chief marketing officer. \u201cHowever, it\u2019s important to keep in mind which features or amenities matter most to you in a home. While a farmhouse sink or butcher block counters may appeal to many millennials and first-time buyers, not everyone may want to pay the premium those features may command.\u201d<\/p>\n<p style=\"text-align: justify;\">Buying a home can feel like a moving target. With 24 percent of homes selling over list price, determining a realistic budget \u2013 and sticking to it \u2013 can be challengingiii. To help first-time buyers, RealEstate.com allows home shoppers to search for homes based on the home\u2019s \u201cAll-In Monthly Price,\u201d which includes estimates for costs such as mortgage, property tax and utilities, giving them a more accurate picture of the cost of homeownership.<\/p>\n<p><a href=\"http:\/\/realtybiznews.com\/these-are-the-features-you-need-to-sell-an-entry-level-home-above-price\/98748337\/\" target=\"_blank\" rel=\"noopener\">These Are The Features You Need to Sell an Entry-Level Home Above Price<\/a> by Mike Wheatley | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Homebuyers, especially first-time buyers shopping for entry-level homes, can expect to pay a significant premium for houses with listings that tout popular farmhouse or craftsman-inspired features, according to a new &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/05\/the-features-to-sell-a-home-above-asking-price\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-9017","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Features to Sell A Home Above Asking Price &#8226; 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