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Posts tagged ‘selling a home’

Solar Panels and Your Home’s Value

You know that dependency on fossil fuels is a financial and environmental mistake. You want to save some a little money and help to save the environment at the same time. Solar panels is an easy way to do both of those things.

Cost: Solar panels cost, on average, $36,000 to install but Federal tax credits make the actual cost to homeowners closer to $21,000. The average homeowner will save about $200 per month or $2400 per year by switching to solar panels.

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But how do solar panels affect the way buyers see your home? Is your home worth more or less after you install solar panels?

Comparative Pricing: Homes with solar panels are likely to be valued 3-4%  higher than similar homes in the same neighborhood without solar panels. For every $1 saved per year in energy costs, the value added is between $4 and $25, depending on local factors.

In a home that saves $200 per month because of solar panels, the home will be valued between $9,600 and $60,000 more than a similar home without solar panels.

Another method of comparison is the estimate the each kilowatt of solar power installed results in a $5,911 increase in value. Homes typically have up to 5 kilowatts of solar power.

Time on Market: Homes with solar panels will sell faster than similar homes in the same neighborhood unless the solar panels reduce curb appeal. Buyers understand the appeal of saving money on their energy costs and are more likely to choose an energy efficient home over a more costly option.

Curb Appeal:uglysolarpanels

Buyers don’t want to see solar panels. Solar panels on the front of the home may reduce curb appeal so much that the entire additional home value is completely offset. Homes with unsightly solar panels take longer to sell and may sell for less than similar homes in the same neighborhood.

Solar panels can be installed in a more aesthetically pleasing manner. Solar panels that follow the roof line and are continuous rather than isolated are more appealing to buyers. Homeowners who are installing solar panels can be involved in the planning phase to ensure that the design doesn’t detract from the home’s appeal.

So what’s a homeowner to do?

When you’re planning to convert to solar power, be sure to use a contractor that understands the importance of aesthetics to your home. Stay involved in the design process and you’ll find yourself effortlessly adding thousands more to your home’s value!

3 Steps to Selling Your Home Fast

Have you thought of selling your home but don’t know where to start?

Here are 3 simple steps that will help you get your home sold. A real estate professional can help you with any of these steps.

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For more information on selling a home:

9 Steps to Enhance your Home’s Curb Appeal!

Planning to sell your home?

Don’t put up the sign until you’re sure that every potential buyer who sees the sign will be enticed to come inside. Messy front yards and unkempt houses don’t convince buyers that they want to see more. Before you hang the “For Sale” sign, be sure you’ve taken these 9 steps to great curb appeal!

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For more information on curb appeal:

For more information on selling a home:

Buying and Selling a Scotch Plains Home – July 2015

Before you buy or sell a home in Scotch Plains, your first step is to understand how the real estate market is performing. Here’s what you need to know this summer.

Inventory: There are currently 176 homes offered for sale in Scotch Plains. This is pretty normal for Scotch Plains – you can see in the graph below that every sumer has a peak inventory of roughly 175 homes. The summer market is definitiely heating up.

scotchplainsINVjune2015

Prices: The average price of a sold home in Scotch Plains in June was $472,235. This is 8% higher than June of 2014 when the average sale price was $439030 but 8% lower than the 12 month average of $508,310. What’s happening? There’s a definite up-trend over the past year as the real estate market continues to settle, and you’ll notice that the peaks and valleys are less extreme now than they were three years ago.

scotchplainsPRICEjune2015thisoneisajpeg

Sellers who want to get top dollar for their home will want to be sure that their marketing is on point and that their home is appropriately priced. Buyers who are looking for a bargain in Scotch Plains will want to do their research. When you find the home you want to buy, be sure that your offer is competitive because there are many multiple offer situations this summer.

 

Days on Market: The average sold hom in Scotch Plains was sold after 56 days on the market. Looking at this graph of the past 3 years, it’s easy to see that things have improved quite dramatically although there are still some bumps in the road.

scotchplainsDOMjune2015

Home sellers who are interested in selling their property quickly will need to be sure that the home is priced correctly. Overpriced homes sell much more slowly, if they sell at all. Condition also affects the speed at which a home will sell. Homes that are cleaner, more up to date, and in better condition will sell faster than others.

 

If you’re planning on selling your Scotch Plains home, call Team Zuhl today for a free comparative market analysis of your home. If you’re thinking of buying a home in Scotch Plains, call us today!

For more information on selling a home:

 

For more information on Scotch Plains Real Estate:

Buying and Selling a Home in Rahway – July 2015

Before you buy or sell a home in Rahway, your first step is to understand how the real estate market is performing. Here’s what you need to know this summer.

Inventory: There are currently 228 single family homes offered for sale in Rahway. This is slightly higher than previous years. Higher inventory sometimes leads to lower prices.

rahwayINVjune2015

Fifteen homes were sold in June in Rahway. This is much lower than we usually see in June.rahwaySOLDjune2015

Prices: The average home that sold in Rahway in June was sold for $234,739. This is the highest average sale price we’ve seen in Rahway since last summer and higher than the 12 month average sale in Rahway which is $209,872.rahwayPRICEjune2015

Sellers who want to get top dollar for their home will want to be sure that their marketing is on point and that their home is appropriately priced. Buyers who are looking for a bargain in Rahway will want to do their research. When you find the home you want to buy, be sure that your offer is competitive because there are many multiple offer situations this summer.

Days on Market: Homes that sold in Rahway in June had been on the market for an average of 95 days. This is slower than we saw last summer when homes were selling iafter 43-55 days.

rahwayDOMjune2015

Home sellers who are interested in selling their property quickly will need to be sure that the home is priced correctly. Overpriced homes sell much more slowly, if they sell at all. Condition also affects the speed at which a home will sell. Homes that are cleaner, more up to date, and in better condition will sell faster than others.

If you’re planning on selling your Rahway home, call Team Zuhl today for a free comparative market analysis of your home. If you’re thinking of buying a home in Rahway, call us today!

For more information on selling a home:

For more information on the Real Estate in Rahway and Linden:

Buying or Selling a Home in Mountainside – July, 2015

Before you buy or sell a home in Mountainside, your first step is to understand how the real estate market is performing. Here’s what you need to know this summer.

Inventory: There are currently 50 single family homes offered for sale in Mountainside. This is an unusually low inventory for the beginning of summer. Low inventory sometimes results in an increase in prices. There were 8 homes sold in June in Mountainside.

mountainsideINVjune2015

Prices:

mountainsidePRICESjune2015

The average sale price of a home in Mountainside in June of 2015 was $698,681. This is 11% higher than the 12 month average of $625,728 and the highest June average of the past several years.

Sellers who want to get top dollar for their home will want to be sure that their marketing is on point and that their home is appropriately priced. Buyers who are looking for a bargain in Clark will want to do their research. When you find the home you want to buy, be sure that your offer is competitive because there are many multiple offer situations this summer.

Days on Market:

mountainsideDOMjune2015

Eight homes were sold in June in Mountainside and they were sold after an average of 55 days on the market, the fastest June sales in several years. The 12 month average in Mountainside is 63 days.

Home sellers who are interested in selling their property quickly will need to be sure that the home is priced correctly. Overpriced homes sell much more slowly, if they sell at all. Condition also affects the speed at which a home will sell. Homes that are cleaner, more up to date, and in better condition will sell faster than others.
If you are a buyer or a seller interested in a home in Union County, please call Team Zuhl! We’re happy to help you in all of your real estate needs!

If you’re planning on selling your Mountainside home, call Team Zuhl today for a free comparative market analysis of your home. If you’re thinking of buying a home in Mountainside, call us today!

For more information on selling your home:

For more information on Mountainside Real Estate:

Not intended to solicit currently listed properties.

Buying or Selling a Home in Linden – July 2015

Before you buy or sell a home in Linden, your first step is to understand how the real estate market is performing. Here’s what you need to know this summer.


Inventory
: There are currently 279 single family homes offered for sale in Linden. This is a higher inventory than we normally see in June. Increased inventories tend to cause a decrease in prices.

lindenINVjune2015

There were 21 homes sold in June of 2015.

lindenSOLDSjune2015


Prices
: The average price of a home sold in Linden in June was $224,043. about 4% higher than the 12 month average of $215,276.

lindenPRICEjune2015
Sellers who want to get top dollar for their Linden home will want to be sure that their
marketing is on point and that their home is appropriately priced. Buyers who are looking for a bargain in Linden will want to do their research. When you find the home you want to buy, be sure that your offer is competitive because there are many multiple offer situations this summer.


Days on Market:

lindenDOMjune2015

Homes that sold in Linden in June sold after an average of 124 days on the market, significantly higher than the 12 month average of 98 days.

Home sellers who are interested in selling their Linden property quickly will need to be sure that the home is priced correctly. Overpriced homes sell much more slowly, if they sell at all. Condition also affects the speed at which a home will sell. Homes that are cleaner, more up to date, and in better condition will sell faster than others.

If you are a buyer or a seller interested in a home in Union County, please call Team Zuhl! We’re happy to help you in all of your real estate needs!

For more information on selling a home:

For more information on the Linden Real Estate Market:

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