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Small & Associates Real Estate, Inc. Blog

Thursday, April 4, 2024   /   by Annie Junker

Real Estate Flipping

Real Estate Flipping





















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Real Estate Flipping
...is it still a thing? Can you still do it and what kind of properties can you flip? Because real estate has become more and more valuable particularly over the last 3-5 years, more people are seeing the value in investing in real estate whereas 15-20 years ago the mindset was "oh the house will need all this renovation" so they would avoid it.

But if you have a certain type of personality, you can see the houses that have those possib ...

Thursday, April 4, 2024   /   by Annie Junker

Myth vs. Reality: Staging

Myth vs. Reality: Staging








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Myth vs. Reality: Staging
Myth: Staging a home is unnecessary; buyers can visualize the potential of an empty space.
Reality: While some buyers may have a keen imagination, most find it difficult to visualize the potential of an empty space. Staging helps create a visual representation of how rooms can be utilized, making it easier for potential buyers to imagine themselves living in the space.
Myth: Staging a home is expensive and time-consuming.
Reality: While staging can require an initial investment, it doesn't have to break the bank. There are various levels of staging, from simple declutte> ...

Thursday, April 4, 2024   /   by Annie Junker

Overpricing a Property

Overpricing a Property








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Overpricing a Property
Overpricing your home when selling it can have several negative consequences:

Limited Interest: Potential buyers may be deterred by the high price, reducing the pool of interested parties. This can lead to your property staying on the market for longer periods, which can be both financially and emotionally taxing.

Appraisal Challenges: If the asking price is significantly higher than the market value, it may not appraise at that value. Lenders typically won't finance a property for more than its appraised value, potentially causing deals to fall through.

Competitive Disadvan> ...

Thursday, April 4, 2024   /   by Annie Junker

Myth vs. Reality: All Home Improvements Increase Value

Myth vs. Reality: All Home Improvements Increase Value





















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Myth vs. Reality: All Improvements and Repairs Increase the Value of Your Home
 
Here's the reality:


Return on Investment (ROI) Varies: Not all improvements and repairs yield a significant return on investment. While some renovations like kitchen upgrades or adding a bathroom can increase value, others may not add as much value as expected. The ROI depends on various factors including the local real estate market, the ...

Thursday, April 4, 2024   /   by Annie Junker

Myth vs. Reality: Online Evaluators

Myth vs. Reality: Online Evaluators





















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Myth vs. Reality: All Online Evaluators are Always Correct

Home value websites for real estate, also known as property valuation or appraisal websites, are online platforms that provide estimates ...
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: April 19, 2024 Feed Last Updated: April 19, 2024

All or a portion of the multiple Listing information is provided by the Virginia MLS Cooperative, from a copyrighted compilation of Listings. All Virginia MLS Cooperative information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2024 Virginia MLS Cooperative. All rights reserved.

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