home selling Archives - Real Estate News and Commentary

September 15, 2025September 15, 2025

Home Didn’t Sell But You Already Moved

What to Do When Your Home Didn’t Sell After You’ve Already Moved

Imagine settling on your new home, but the home you’ve been trying to sell is still on the market. Weeks, or even months, go by and the “For Sale” sign is starting to feel more like a weight than a welcome. This is a scenario that has been occurring more often, yet no one has been talking about it.

What can you do when your house doesn’t sell, but you’ve already moved on with your life? has already moved forward? Here are some options to consider:

1. Take a Fresh Look at the Listing

Sometimes a home just needs a different perspective:

New Photos & Marketing: If your pictures are dark or outdated, refreshing them can breathe new life into the listing.
Price Adjustments: A transitional housing market can be tricky. Long gone are the days of “set it and forget it.” Your agent needs to keep a vigilant eye on market trends. Your home can get overlooked if it’s over-priced, even if it’s slightly over-priced.
Staging and Virtual Staging: An empty home can feel cold. Adding a few tasteful pieces of furniture, either real or digital, can helps buyers imagine themselves living there.

Pros:

Can quickly generate new interest.
Doesn’t require you to give up on selling.

Cons:

Staging, photography, and small fixes can be pricey.
If the market is truly slow, even improvements may not bring a fast sale.

2. Rent It Out

If selling the home isn’t working, owners often decide to rent it:

Short-Term Rentals have become trendy. Apps like Airbnb and VRBO make it possible to host travelers and cover your mortgage while you wait for the right buyer.
Traditional Rental: A one or two year lease gives you steady income and breathing room until the market improves.
Property Management: If you don’t want the hassle, a management company can handle tenants, repairs, and paperwork for a percentage of the rent.

Pros:

Rental income helps offset mortgage and housing expenses.
The home is occupied.

Cons:

Being a landlord means managing tenants, repairs, and any issues with the home.
“Wear-and-tear” occurs. Sometimes the home can get damaged.
Local regulations and/or your HOA rules may restrict rental options.

3. Explore a Lease-to-Own Agreement

This shouldn’t be taken lightly, and you should consult with your attorney before entering into a lease-to-own agreement. However, this arrangement can attract buyers who need time to secure financing. They rent now, and have an option to purchase later.

Pros:

Brings in rental income while keeping a buyer lined up.
Attracts renters who are motivated to become owners.

Cons:

If the buyer ultimately walks away, you’re back to square one.
Requires a clear, legally sound contract.
Can be harder to market compared to a traditional sale.

4. Sell to an Investor or Cash Buyer

Investors are often willing to purchase homes “as-is,” which can be appealing if you’ve already moved and don’t want to handle repairs. There’s a trade off for a speedy cash sale, which is selling at huge discount.

Pros:

Fast closing, sometimes in days.
No repairs, inspections, or appraisals.
Peace of mind when it’s settled.

Cons:

Sale price is likely below market value.
There may be only a few serious cash buyers for your home.

5. Partner With a Different Agent or Approach

If the house has been listed a long time, a new agent with a new strategy may bring fresh energy. Some agents have the knowledge marketing hard-to-sell homes.

Pros:

New strategy and perspective may uncover missed opportunities.
Some agents specialize in challenging sales.
Potential for home buyers to perceive your home sale as a “New Listing.”

Cons:

May feel like starting over.
No guarantee that a new approach will work faster.

6. Keep Perspective

It’s easy to feel frustrated or discouraged. But remember: the situation is temporary. Homes do sell, sometimes it just takes a new angle, a bit of patience, or a creative Plan B.

Final Thought

It’s stressful when you’ve moved and your home didn’t sell. But it’s not the end of the road. You do have options.Taking an honest look at your situation can help you decide on your next move.

By Dan Krell

Disclaimer. This article is not intended to provide nor should it be relied upon for legal and financial advice. Readers should not rely solely on the information contained herein, as it does not purport to be comprehensive or render specific advice. Readers should consult with an attorney regarding local real estate laws and customs as they vary by state and jurisdiction. Using this article without permission is a violation of copyright laws.

What’s your home worth?

September 4, 2025September 4, 2025

Transitional Market Home Selling

Selling Your Home in a Transitional Market: A Smart Strategy

The housing market is always moving. With the large influx of home listings this year, and more cautious buyers, it gives the feeling that the housing market is in transition. In a transitional market, some homes sell quickly with multiple offers, while other homes sit on the market for much longer than anticipated. If you’re planning to sell your home in a transitional market, the key is having the right strategy. Here’s an approach that can help you stay ahead of the competition.

1. Price with Today in Mind

One of the biggest mistakes sellers make is pricing based on yesterday’s market. If buyer demand is slowing, you don’t want your home sitting unsold for weeks. The best pricing strategy is to look at what’s happening right now. Check the stats for your neighborhood: the most recent sales, buyer activity, and the number of homes on the market. A fair and realistic price can actually attract more buyers and create stronger offers.

2. Focus on Presentation

If you’re trying to get top dollar for your home, also focus on how your home looks. In a market where buyers have more choices, an over-priced home that needs work does not attract buyers. Start with the simple things such as decluttering, some paint, and minor repairs. Consider limited staging. Virtual staging is easier than ever with AI. First impressions, both online and in person, are powerful.

3. Be Flexible with Terms

It’s not always about the price. Offering flexibility with closing dates, repairs, and buyer closing costs, can make your home more alluring. Buyers typically appreciate sellers who work with them to make the process smoother.

4. Market Smarter, Not Louder

In a transitional market, simply putting a “For Sale” sign in the yard isn’t enough. High-quality photos, video tours, and targeted online marketing help your home reach homebuyers. Your agent should have a plan to highlight your home’s strengths and get it in front of motivated buyers.

5. Partner with a Pro

Every market shift is different. A seasoned experienced agent who can decipher the local trends can guide you on timing, pricing, and marketing. They’ll help you avoid the mistakes, and make sure your home stands out from the competition.

Final Thought

Home selling can be stressful, but in selling in a transitional market can add additional anxiety. Selling in a transitional market doesn’t have to be stressful. With the right strategy, you can attract homebuyers and move forward with confidence.

What’s your home worth?

By Dan Krell

August 26, 2025August 26, 2025

AI and Real Estate Transactions

Pros and Cons of AI and Real Estate transactions

Artificial Intelligence has become part of everyday life. People are using AI to plan meals, write emails, and even help with schoolwork. The trend is now to ask AI about real estate: “What’s my home worth?” “What kind of loan should I get?” or even “Which real estate agent should I hire?”

AI can be a powerful tool, but is it the right way to handle big real estate questions? Let’s break down the pros and cons in simple terms.

Why AI Can Be Helpful

One of the biggest advantages of AI is to quickly provide one answer from an internet search. If you want quick answers about average home prices, what closing costs are, or the steps in buying a house, AI can give you one answer in a few seconds. That’s a lot faster than sifting through dozens of websites.

AI is also always “on.” You don’t need to wait. Whether it’s late at night or early in the morning, you can get one explanation anytime.

Another plus is how AI simplifies complicated topics. Real estate has its own lingo. Concepts like “contingencies,” “escrow,” or “earnest money” can be broken down into plain English, which is especially helpful if you’re brand new to the home buying and selling process.

And finally, AI can serve as a useful starting point. Before you meet with a real estate agent, you can explore the process of buying and selling a home with AI to learn the basics. This can prepare you to ask specific questions from a professional about your situation.

Where AI Falls Short

AI also has limitations, especially when it comes to specific and personal decisions about local real estate.

First, AI isn’t always accurate. It pulls from a wide range of information, but it doesn’t always know if what’s shared is current, specific to your area, or correct for your situation. For example, real estate laws, property taxes, or rules about contracts vary widely from state to state, and can also be different within any specific state, depending on the county or city. AI might give you a broad answer, but it could mislead you because the information is not pertinent to your situation.

Second and most important, AI can’t replace human experience. Choosing the right agent, deciding what price to offer, or knowing how to negotiate are things that require local knowledge, judgment, and real-world experience. No algorithm can read the room during a negotiation.

Another drawback is the lack of personal touch. Real estate isn’t just about facts and figures; it’s about personal connection. Do you need a bigger home for a growing family? Are you looking for a place close to work? Do you want an investment property with good rental potential? A skilled agent asks these questions and tailors advice to you. AI cannot connect on the same level as another person.

And perhaps most importantly, not all real estate agents are the same. Every agent has their own strengths, style, and way of working. Some are better with first-time buyers, while others shine in luxury markets or investment properties. Finding the right one is truly a personal choice. Choosing the right agent is about trust, communication, and whether you feel comfortable working together. AI can suggest what to look for, but it can’t tell you who will truly “click” with you.

The Bottom Line

AI can be a fantastic tool for learning. It’s fast, easy to use, and helps you cut through some of the confusion that comes with real estate jargon. If you’re just starting out, it can help learn about the home buying and selling process.

But when it comes to the big stuff, such as choosing an agent, making an offer, or selling your home, there’s no substitute for the human expertise. A trusted local agent who knows the market and understands your goals, someone who can guide you through the details in a way that a AI can’t.

Think of AI as a reference book, much like an encyclopedia. It can show you the general landscape and explain the rules of the game. But when it comes to actually making offers, negotiating, and closing the deal, you’ll want a real estate professional by your side. A key take away is that finding the right agent isn’t just about teams, sales stats, and an AI reply, it’s about finding the person who fits you best for your situation.

By Dan Krell
Copyright © 2025

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July 11, 2025July 11, 2025

The Wrong and Right Ways to Value a Home

Stop Guessing: The Wrong & Right Ways to Value a Home

When buying or selling a home, knowing the actual value is critical. Yet so many people, buyers and sellers alike, lean on quick rules of thumb or “word on the street” ideas that can be wildly off base.

Let’s break down the most common mistakes people make when trying to figure out a home’s value, and what actually works.

Wrong and right ways to value a home: Common Mistakes Buyers & Sellers Make When Valuing a Home

Mistake #1. Trusting online estimates from portals

It’s tempting to check a website, see a dollar figure pop up, and take it as gospel. But online estimates are based on broad algorithms. They’ve never walked through your home, smelled fresh paint, or noticed the outdated HVAC. The real estate portal might be $20,000 or $50,000 off (sometimes more). These tools are helpful for getting a ballpark, but they’re rarely accurate enough to make big financial decisions.

Mistake #2. Taking a neighbor’s word for it

We all know someone who claims, “My house down the street sold for $650,000!” But did it actually close at that? Was there a huge seller concession? Did it include extra acreage or high-end upgrades? Relying on neighborhood chatter is a fast way to misjudge your own situation.

Mistake #3. Looking at active listings instead of sold homes

An active listing shows what a seller hopes to get, not necessarily what the market will pay. You need to look at recent sales, because that’s the only place where money truly changed hands.

Mistake #4. Using the tax assessment

Your county’s assessed value is mainly used to calculate property taxes. It may have been updated years ago or rely on broad mass appraisals. It’s almost never aligned with today’s true market value.

Mistake #5. Doing simple “price per square foot” math

This is one of the most common mistakes, and one of the most misleading. People will say, “Homes around here sell for $250 a square foot, so mine should be worth $500,000.” But homes aren’t priced like bulk flooring.

Small homes usually have a higher per-foot cost because of the kitchens, bathrooms, and mechanical systems, which are the most expensive areas.
Larger homes often have a lower per-foot cost, even though they may cost much more overall.
Plus, upgrades, lot size, views, pools, floor plan efficiency, or even just charm can dramatically shift value in ways a price per foot misses.

While price per square foot can provide a rough benchmark, it’s never the whole story.

The Right Way: Use Comparable Sales (Comps)

If you really want to know what a home is worth, you look at comparable sales, or “comps.”

What are comps?

Recent sales of homes that are similar in size, age, condition, and location.

Why it matters:

These show what buyers have actually been willing to pay in your area, under real market conditions.

Adjusting for differences:

A good agent doesn’t just look at raw numbers. They’ll adjust for differences , like adding value for your new roof or subtracting for that home’s finished basement when yours is unfinished.

A thorough comparative market analysis (CMA) by an experienced local agent pulls all of this together, so you see a realistic range that reflects both the hard data and the nuances of your home’s appeal.

The Bottom Line

Pricing (or offering on) a home based on guesses, online calculators, neighbor rumors, tax records, or simple square-foot math can leave you badly misinformed. Whether you’re buying or selling, the smartest way to protect your money is to use real, recent comparable sales with expert adjustments.

What’s your home worth?

By Dan Krell
Copyright © 2025

June 27, 2025June 27, 2025

What Homebuyers want: What Home Sellers Can Do

The Real Estate Deep Dive Podcast: What Homebuyers Want

What Homebuyers Want: The Top 5 Things They’re Looking for in a House. And What Home Sellers can do about it.

In today’s market, understanding what buyers truly want isn’t just useful, it’s essential. Whether you’re preparing to sell or simply curious about current trends, these are the five features that top the wish lists of homebuyers:

1. A Functional Floor Plan

Open-concept layouts remain popular, but it’s not just about knocking down walls. Buyers want spaces that make sense and have intention. Clear sightlines from kitchen to living room, a separate dining area, and a logical flow between rooms all help a home feel both livable and inviting.

What Sellers Can Do:

Remove bulky furniture to highlight flow between rooms.
Stage a spare bedroom as a home office or reading nook.
Use rugs and lighting to define open areas.
Highlight any bonus spaces (finished basement, sunroom, attic) as usable square footage.

2. Updated Kitchens and Bathrooms

In competitive markets, buyers expect modern finishes. You’ve heard it before: kitchens and baths sell houses. Buyers are drawn to clean, modern updates, think quartz countertops, shaker cabinets, stylish tile, and energy-efficient appliances. Even small upgrades (like new hardware or lighting) can go a long way.

What Sellers Can Do:

Replace dated hardware and light fixtures for a fresh look.
Re-grout tile, deep clean, or replace caulk for a “like-new” feel.
If the budget allows, update countertops or swap out old appliances with stainless or energy-efficient models.
Add under-cabinet lighting or modern faucet fixtures.

3. Natural Light and Good Lighting

Buyers love homes that feel light, bright, and airy. A home that feels bright and airy is always a step ahead. Large windows, skylights, and thoughtful lighting choices can transform a space and influence a buyer’s emotional response from the moment they walk in.

What Sellers Can Do:

Open all blinds/curtains and clean windows before showings.
Use light-colored décor and mirrors to reflect natural light.
Trim landscaping that blocks sunlight through key windows.

4. Energy Efficiency and Smart Features

Buyers are environmentally conscious and tech-savvy. From better insulation and new windows to smart thermostats and solar panels, buyers are more aware of long-term savings and environmental impact. Homes with high-efficiency HVAC systems and smart home integration are especially appealing.

What Sellers Can Do:

Highlight your home’s energy-efficient features in the listing (new windows, insulation, HVAC).
Install a smart thermostat before listing.
Provide energy bills to show savings.
If possible, add LED lighting throughout and seal drafty areas.

5. A Quiet, Usable Outdoor Space

Buyer references remain strong for private outdoor retreats. Whether it’s a fenced yard, a cozy deck, or just a patch of grass for pets or a garden, usable outdoor space has become increasingly important. Buyers imagine gathering, relaxing, or simply having a peaceful retreat just beyond their back door.

What Sellers Can Do:

Clean up and define the yard or patio: mow, mulch, add potted plants.
Add low-cost touches like string lights, an outdoor rug, or a small café set.
If fencing is old or damaged, consider repairs or a coat of paint/stain.
Emphasize the potential: space for pets, gardening, or gatherings.
Stage outdoor areas (deck, patio) with seating and planters to create an indoor-outdoor feel.

Final Thoughts

Every buyer has unique needs, but these five features consistently top the list.

If you’re preparing to sell, focusing on these areas of What Homebuyers Want can give your home the edge it needs in a competitive market. Buyers are thoughtful and values-driven, but that doesn’t mean you need to invest tens of thousands to impress them. Strategic updates, good staging, and a clean, well-maintained home can make a powerful impact.

What’s your home worth?