Tuesday, October 3, 2023
The Property Reporter
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  • News
    Property sales continue to grow

    Property sales continue to grow

    Dr Martens steps into global flagship store on Oxford Street | News

    Dr Martens steps into global flagship store on Oxford Street | News

    Hungary’s resi market in 2023 to copy results of 2022 | Property Forum

    Hungary’s resi market in 2023 to copy results of 2022 | Property Forum

    Property Tax Rally held at Montana State Capitol

    Property Tax Rally held at Montana State Capitol

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Property Forum Awards 2023 – Shortlist announced

    Property Forum Awards 2023 – Shortlist announced

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Mitiska REIM raises €168 million | Property Forum

    Mitiska REIM raises €168 million | Property Forum

  • Retail
    Dallas Design District property sells to North Carolina investor

    Dallas Design District property sells to North Carolina investor

    Developers Are Hiring Private Security to Relocate Homeless

    Developers Are Hiring Private Security to Relocate Homeless

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    BPF calls for empty rates relief extension | Features and analysis

    BPF calls for empty rates relief extension | Features and analysis

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Vukile targets growth in rural retail

    Vukile targets growth in rural retail

  • Residential
    One of Utah’s largest deeply affordable housing developments, Ville 1659, fails

    One of Utah’s largest deeply affordable housing developments, Ville 1659, fails

    The Evolution of PD&R National Housing Market Releases

    The Evolution of PD&R National Housing Market Releases

    Renovated San Antonio senior housing reopens with on-site clinic

    Renovated San Antonio senior housing reopens with on-site clinic

    Moline acquires abandoned properties to turn into housing

    Moline acquires abandoned properties to turn into housing

    Construction to renovate Archer School into affordable housing ramps up

    Construction to renovate Archer School into affordable housing ramps up

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    Annexation for south entrance property before Whitefish Council

    Annexation for south entrance property before Whitefish Council

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

  • Office
    A new office tower for a new office era

    A new office tower for a new office era

    Space leased at 18 Broad in Charleston > Charleston Business Journal

    Space leased at 18 Broad in Charleston > Charleston Business Journal

    Cyclone Gabrielle: Final number of Category 3 properties revealed for Hawke’s Bay; ‘buyout office’ to be set up

    Cyclone Gabrielle: Final number of Category 3 properties revealed for Hawke’s Bay; ‘buyout office’ to be set up

    Apartments, retail and more proposed for old Cooper Stadium property

    Apartments, retail and more proposed for old Cooper Stadium property

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    US office prices headed for ‘severe crash,’ investors say

    US office prices headed for ‘severe crash,’ investors say

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    Taking a closer look | News, Sports, Jobs

    Taking a closer look | News, Sports, Jobs

    Severe crash coming for US office properties, investors say

    Severe crash coming for US office properties, investors say

  • Industrial
    Bis Henderson merges consultancy and space arms to form Visku | News

    Bis Henderson merges consultancy and space arms to form Visku | News

    SJTA & IRG Reach Agreement on Industrial Development Lease in New Jersey

    SJTA & IRG Reach Agreement on Industrial Development Lease in New Jersey

    SEGRO appoints new European head of investment

    SEGRO appoints new European head of investment

    Tuas Mega Port – driving warehouse demand in West Singapore

    Tuas Mega Port – driving warehouse demand in West Singapore

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    2024 Pre-Roll Consultation Period is Underway

    2024 Pre-Roll Consultation Period is Underway

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Australian Property Journal’s sales and leasing transactions wrap

    Australian Property Journal’s sales and leasing transactions wrap

    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Industrial Tenants Flee Sydney High Rents, Space Shortages

  • Hotel
    Uy inks debt-restructuring deal with Chinabank

    Uy inks debt-restructuring deal with Chinabank

    In the healing journey, sometimes luxury is just what the doctor ordered – eJewish Philanthropy

    In the healing journey, sometimes luxury is just what the doctor ordered – eJewish Philanthropy

    County Durham’s Esh Group toasts healthy profits after year of headwinds

    County Durham’s Esh Group toasts healthy profits after year of headwinds

    Council hears more on Oasis sports complex

    Council hears more on Oasis sports complex

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    Paving the Way for Sustainable African Development

    Paving the Way for Sustainable African Development

    England’s Slow-Motion Debt Crisis Rolls Into View

    England’s Slow-Motion Debt Crisis Rolls Into View

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

  • Buying a Home
    Mansion Global Daily: Chinese Buyers Spent an Extra A$1 Billion on Australian Property

    Mansion Global Daily: Chinese Buyers Spent an Extra A$1 Billion on Australian Property

    Seven Common Misconceptions People Have About Buying a Home

    Seven Common Misconceptions People Have About Buying a Home

    France’s Vantiva to buy CommScope’s Home Networks

    France’s Vantiva to buy CommScope’s Home Networks

    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    How buying a new home can save you capital gains tax on shares, MF

    How buying a new home can save you capital gains tax on shares, MF

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    How to buy a video doorbell

    How to buy a video doorbell

  • Selling a Home
    10 Best Selling Espresso Makers for 2023

    10 Best Selling Espresso Makers for 2023

    Top selling home in Tiverton

    Top selling home in Tiverton

    Top selling home in New Bedford.

    Top selling home in New Bedford.

    Australian grandmother scammed out of $750,000 after selling her family home

    Australian grandmother scammed out of $750,000 after selling her family home

    You can buy an 8x18ft tiny home on the beach for only $45,500

    You can buy an 8x18ft tiny home on the beach for only $45,500

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandmother scammed out of $750,000

    Grandmother scammed out of $750,000

    Home battery owners earned up to £26 in trial for selling power to the grid

    Home battery owners earned up to £26 in trial for selling power to the grid

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

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  • Home
  • News
    Property sales continue to grow

    Property sales continue to grow

    Dr Martens steps into global flagship store on Oxford Street | News

    Dr Martens steps into global flagship store on Oxford Street | News

    Hungary’s resi market in 2023 to copy results of 2022 | Property Forum

    Hungary’s resi market in 2023 to copy results of 2022 | Property Forum

    Property Tax Rally held at Montana State Capitol

    Property Tax Rally held at Montana State Capitol

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Property Forum Awards 2023 – Shortlist announced

    Property Forum Awards 2023 – Shortlist announced

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Mitiska REIM raises €168 million | Property Forum

    Mitiska REIM raises €168 million | Property Forum

  • Retail
    Dallas Design District property sells to North Carolina investor

    Dallas Design District property sells to North Carolina investor

    Developers Are Hiring Private Security to Relocate Homeless

    Developers Are Hiring Private Security to Relocate Homeless

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    BPF calls for empty rates relief extension | Features and analysis

    BPF calls for empty rates relief extension | Features and analysis

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Vukile targets growth in rural retail

    Vukile targets growth in rural retail

  • Residential
    One of Utah’s largest deeply affordable housing developments, Ville 1659, fails

    One of Utah’s largest deeply affordable housing developments, Ville 1659, fails

    The Evolution of PD&R National Housing Market Releases

    The Evolution of PD&R National Housing Market Releases

    Renovated San Antonio senior housing reopens with on-site clinic

    Renovated San Antonio senior housing reopens with on-site clinic

    Moline acquires abandoned properties to turn into housing

    Moline acquires abandoned properties to turn into housing

    Construction to renovate Archer School into affordable housing ramps up

    Construction to renovate Archer School into affordable housing ramps up

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    Annexation for south entrance property before Whitefish Council

    Annexation for south entrance property before Whitefish Council

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

  • Office
    A new office tower for a new office era

    A new office tower for a new office era

    Space leased at 18 Broad in Charleston > Charleston Business Journal

    Space leased at 18 Broad in Charleston > Charleston Business Journal

    Cyclone Gabrielle: Final number of Category 3 properties revealed for Hawke’s Bay; ‘buyout office’ to be set up

    Cyclone Gabrielle: Final number of Category 3 properties revealed for Hawke’s Bay; ‘buyout office’ to be set up

    Apartments, retail and more proposed for old Cooper Stadium property

    Apartments, retail and more proposed for old Cooper Stadium property

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    US office prices headed for ‘severe crash,’ investors say

    US office prices headed for ‘severe crash,’ investors say

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    Taking a closer look | News, Sports, Jobs

    Taking a closer look | News, Sports, Jobs

    Severe crash coming for US office properties, investors say

    Severe crash coming for US office properties, investors say

  • Industrial
    Bis Henderson merges consultancy and space arms to form Visku | News

    Bis Henderson merges consultancy and space arms to form Visku | News

    SJTA & IRG Reach Agreement on Industrial Development Lease in New Jersey

    SJTA & IRG Reach Agreement on Industrial Development Lease in New Jersey

    SEGRO appoints new European head of investment

    SEGRO appoints new European head of investment

    Tuas Mega Port – driving warehouse demand in West Singapore

    Tuas Mega Port – driving warehouse demand in West Singapore

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    2024 Pre-Roll Consultation Period is Underway

    2024 Pre-Roll Consultation Period is Underway

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Australian Property Journal’s sales and leasing transactions wrap

    Australian Property Journal’s sales and leasing transactions wrap

    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Industrial Tenants Flee Sydney High Rents, Space Shortages

  • Hotel
    Uy inks debt-restructuring deal with Chinabank

    Uy inks debt-restructuring deal with Chinabank

    In the healing journey, sometimes luxury is just what the doctor ordered – eJewish Philanthropy

    In the healing journey, sometimes luxury is just what the doctor ordered – eJewish Philanthropy

    County Durham’s Esh Group toasts healthy profits after year of headwinds

    County Durham’s Esh Group toasts healthy profits after year of headwinds

    Council hears more on Oasis sports complex

    Council hears more on Oasis sports complex

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    Paving the Way for Sustainable African Development

    Paving the Way for Sustainable African Development

    England’s Slow-Motion Debt Crisis Rolls Into View

    England’s Slow-Motion Debt Crisis Rolls Into View

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

  • Buying a Home
    Mansion Global Daily: Chinese Buyers Spent an Extra A$1 Billion on Australian Property

    Mansion Global Daily: Chinese Buyers Spent an Extra A$1 Billion on Australian Property

    Seven Common Misconceptions People Have About Buying a Home

    Seven Common Misconceptions People Have About Buying a Home

    France’s Vantiva to buy CommScope’s Home Networks

    France’s Vantiva to buy CommScope’s Home Networks

    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    How buying a new home can save you capital gains tax on shares, MF

    How buying a new home can save you capital gains tax on shares, MF

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    How to buy a video doorbell

    How to buy a video doorbell

  • Selling a Home
    10 Best Selling Espresso Makers for 2023

    10 Best Selling Espresso Makers for 2023

    Top selling home in Tiverton

    Top selling home in Tiverton

    Top selling home in New Bedford.

    Top selling home in New Bedford.

    Australian grandmother scammed out of $750,000 after selling her family home

    Australian grandmother scammed out of $750,000 after selling her family home

    You can buy an 8x18ft tiny home on the beach for only $45,500

    You can buy an 8x18ft tiny home on the beach for only $45,500

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandmother scammed out of $750,000

    Grandmother scammed out of $750,000

    Home battery owners earned up to £26 in trial for selling power to the grid

    Home battery owners earned up to £26 in trial for selling power to the grid

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

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Home Selling a Home

Selling Your Home? You’ll Want to Hear This First

PrR by PrR
2022-07-10
in Selling a Home
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Selling Your Home? You’ll Want to Hear This First
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The once red-hot seller’s market that garnered multiple offers in the first few days of a listing is no longer the norm. While the housing market is still favoring home sellers, the real estate market is changing. This means sellers need to take a more calculated and careful approach to listing a home right now. If you’re planning to sell your home in the coming months, you’ll definitely make sure you read this first.

Price is more important than ever

Newly listed homes rose by 4.5%, which is in line with pre-pandemic levels. More sellers are listing their homes to take advantage of today’s pricing before things shift, meaning buyers have more options when shopping.

June marked the largest jump in inventory in history — an 18.7% increase from the year prior — but it’s still well below 2019 levels. Housing inventory remains thin, despite the recent uptick, which means the market still favors higher pricing due to limited supply. But rising interest rates are putting a damper on growth. People are getting priced out of the market due to higher mortgage rates combined with record-high home prices.

Price reductions, while still below pre-pandemic levels, are rising thanks to these new pressures. It’s super important right now to be realistic about pricing and ensure the price is right at the time of listing. This increases the chances of getting it sold faster and for top dollar. Homes that sit on the market are susceptible to mortgage rate changes that could result in higher interest rates for buyers. This prices more people out of the market and could result in you having to reduce your price to sell.

Selling quickly and having buyers lock in rates while they’re still relatively low should be a major focus right now. Speak with an experienced Realtor in your market to get a better understanding of the right list price given the supply and demand in your particular area.

Person sitting on couch smiling.

Image source: Getty Images.

Make your first impression count

More inventory and choices for buyers mean it’s important to make your property stand out to compete in an increasingly fierce marketplace. Properties listed with professional photos or using virtual staging technology and 3D tours are known to outperform listings that don’t. They often sell faster and for a higher price.

If you work with a local Realtor, make sure they are integrating professional-quality photos or tours into your listing strategy. And consider decluttering your home or making your furnishings and decor more neutral to appeal to a wider audience.

The good news is that it’s still very much a seller’s market despite the growing inventory. There’s a good chance that if the property is priced right and presented professionally in the listing, it will sell quickly and for top dollar. If you’ve been wanting to sell, I recommend doing it now before the market shifts.

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