Jeffrey Hogue Realtor

Real Estate home sales, new home construction sales, commercial real estate sales, all iin the Berks County area. Realtor since 1993. Top producing Realtor in Berks County 2012. Over 22,000,000 sold. Instead of telling you what I do, how many homes I have sold and all the awards I have achieved simply read my customer REVIEWS on Zillow.com and Trulia.com. My customers will tell you more about me than I could ever say. I am truly humbled by their comments. Please see my web site at www.jeffreyhoguerealtor.com for more on this subject.

Blog

Do Buyers Hear What Your Home is Saying

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Before a Berks County real estate home buyer enters a home that is for sale their senses are already at work. Sight is normally the first sense used. Second is hearing, unless there is such a rancid smell outside the home it cannot be ignored. Some of the sounds around a home can be controlled by the owners, some cannot. Read on for important home staging tips. There are many Berks County homes for sale so it’s important that your home looks and sounds its best before it goes on the market. Things like trains close by the home cannot be controlled. This is similar to living next to a busy road or highway. Loud music and barking dogs coming from the sellers home likely can be controlled. In this article I will point out items relating to a Berks County home buyers sense of hearing and how they affect the staging of a home. There will be things that we recognize as a potential issue and take control of. The things we cannot control can be managed. The Entrance: Does … [Read more...]

Offensive Odors Can Mean No Home Sale

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I remember when I first started my real estate career. It was autumn 1993. I was eager to gain all the information and experience I could. I took every opportunity that came my way. One day I received a call from a prospective home seller. He invited me over to preview his home. I studied everything I could get my hands on relating to the home. I was about to embark on a great journey. I was excited and ready. On my way to the home I thought about all I had learned about homes in Berks County. I was ready. All I had to do was be myself, share information I had amassed as it related to this particular home and not say anything that may upset the home owner. It was go time! I knocked on the door and was greeted by the owners. Upon entering the home I was also greeted by an invisible inhabitant. Oh no….It was the stench of something fowl. I stayed true to my training and simply hoped I would just get used to the smell, or it would simply leave. Things were going great. Then … [Read more...]

Berks County Home Buyers Need to See the Light

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Selling a home can be difficult. This is especially true if it cannot be seen. I am not referring to a preview or showing. I am talking about lighting. It’s important that your home is illuminated in the best possible way to attract prospective buyers. During a home showing it is important to have all the interior and exterior lights on (Yes…Even in the daytime). It is a proven fact that abundant home lighting helps with mood. It is important that a prospective buyer is in a good mood when previewing your home. Besides setting the mood and accentuating your house’s best features, good lighting not only brightens a room, but can also make it appear larger. Remember, the buyer is in a foreign space. Lighting helps them find their way around and increases visual acuity. As the seller, you will score big points if your home is properly illuminated. There are three lighting types used to enhance a home: natural, task and accent.  All of the types serve a distinct purpose … [Read more...]

Soooo What is a Zestimate Again?

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I remember when Realtors® learned how to do a Comparable Market Analysis, Broker Price Opinion and an Appraisal when estimating the value of a property. We used phrases like comps, variables, CMA and BPO. That was then. Now we have words like “Zestimate®” and spend more time telling prospective Berks County home buyers and sellers what it is and is not. And why they should not fear it. A Zestimate® is the brain child of the real estate search site known as Zillow.com. It is Zillow’s preferred method of estimating the value of property. You see, when Zillow was in its infancy they an attention getter. Few things draw more attention in real estate than getting an estimate of your properties value. It certainly did its job. As the site grew in popularity the Zestimate® was no longer just an attention getter. It became controversial. The heat was turned up and Zillow was forced to add a disclaimer to every Zestimate®. Which states the following…” … [Read more...]

De-clutter ~ De-clutter ~ De-clutter!

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The mantra of real estate value has always been “Location ~ Location ~ Location”. While this is still true De-clutter ~ De-clutter ~ De-clutter may now be running a close second. It is no mystery that people everywhere have more stuff than ever before. This is especially true in Berks County where we tend to keep things we know should have been discarded years earlier. Now it is time to sell that Berks County home but there is one problem…You cannot find it through the clutter. What to do? Well, if you are a true Pennsylvania Dutchman it is time to “RED UP”. If you are not, then de-cluttering will have to do. After you have disposed of all the things you can bear to part with, moved some furniture around and done some sprucing up it is time to call the Realtor®. If that Realtor® is me it is likely we still have some work to do. When I photograph a home it is important that it is displayed to the world without anything that may take away from the homes natural … [Read more...]

What is Happening With Home Appraisals?

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This is a very interesting time in the Berks County home marketplace. We have a unique situation that continues to unfold. The inventory of available homes has declined. This is creating an imbalance in the buyer to seller ratio (Supply & Demand). The effect of this normally raises the price of homes. While we are seeing some value increase it has been somewhat subdued by an unforeseen force….The Lender Appraisal! How can the value of a home go up when a home appraisal uses trailing information to substantiate that value? This becomes even more of an issue when the last 6 to 12 months of home sales reflect lower prices. Hmmm… In past years new home construction was the tide that raised all boats. When there is a new home subdivision in a community the seller/builder sets a price for the homes on the available lots. Buyers visit the site and order homes. Many times the buyers add extras and options to the homes. This allows the appraisal values to climb. This elevates … [Read more...]

The COST FACTOR of a Berks County Home Purchase

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How much does a Berks County home cost? The question seems simple enough. The answer is not that easy. The answer is even more complex if there is a mortgage involved. The National Association of Realtors states that approximately 65% to 70% of all buyers obtain a mortgage to purchase their home. The first thing we need to find out is the interest rate and term of the mortgage. For this example I will use a mortgage amount of $100,000(easy math). Our interest rate will be 3.75% and the term of the mortgage will be 30 years. The principal and interest payment is $463.00. What this means is for every $1,000 borrowed the cost is $4.63. This is the “COST FACTOR”. Ok, just to make sure this is clear…If you take a mortgage of $250,000 at 3.75%  interest and 30 year term the principal and interest payment would be $1,157.50 ($4.63 x 250). That was the easy part…Really! Now let’s add the property taxes. If the taxes on our $100,000 home are $3,000 per year, … [Read more...]

Berks County Home Sellers Should Think More like Buyers

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In past articles I have laid a solid foundation of ideas for someone who plans to sell their home. I used the five senses to show how home buyers will value your Berks County real estate. If you have not read the articles yet here are the links: SIGHT- Berks County Home Buyers Need to See the Light SMELL- Berks County Home Buyers can Smell a Good Deal HEARING- Berks County Buyers Hear What Your Home is Saying to Them TOUCH- Simple Touches Can Lead to a Successful Berks County Home Sale TASTE- Taste Affects The Intrinsic Value of a Berks County Home The most important sense to a Berks County home seller is the sense of VALUE! “What is my home worth?” This is often the most requested piece of information most Berks County home sellers want. Yes, they want to hear what I can do to sell their home, where I advertise and how long I have been selling Berks County real estate. But they all pale in comparison to the main question…HOW MUCH? It is not always easy to … [Read more...]

Why Buyer’s Agents Shouldn’t Sell Their Customer a Home

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 Real Estate in Berks County - The Responsibility of a Buyer's Agent So you’re a buyer looking to purchase a home in Berks County. Locating real estate in Berks County has become easier than ever before. There are literally thousands of web sites with home search tools for you to utilize. Some have more reliable information than others. You look at some real estate in Berks County and a home catches your eye. You would like to know more about it. Maybe even schedule a preview. Some web sites make it easy for you to contact the Listing Agent of the real estate. They supply phone numbers, email addresses, information buttons and even forms for you to supply your contact information so the Listing Agent can reply. Sometimes you are given a choice to contact one of several Buyer Agents. So what should you do about the real estate in Berks County you are interested in? Who should you contact about the home you want to see. If you are simply curious and looking for … [Read more...]

Renovation and Mid-Century Homes

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Berks County possesses an amazing architectural selection of residential properties ranging from traditional colonial to contemporary styled homes. After WWII the country experienced an economic explosion that was greatly responsible in creating what is known today as the suburbs. Berks County was primed for this innovative change. The city of Reading was ripe with hard working blue collar workers who were looking to provide a better lifestyle for themselves and their families. The surrounding countryside was just full of open land & farms. These eventually were cultivated into the suburban areas Berks County enjoys today. Out of this expansion was born the Hayes & Whitman split level home style, Sterling ranchers & mid-century modern contemporary homes. These mid-century homes represent an era that offers a uniquely special quality. They are the home you grew up in, your grandmothers home, your aunt and uncles home and yes, the Brady's home. Whenever I am asked to … [Read more...]

Inspect first and Sell Later

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If you are planning to list your home for sale, you will likely look for ways to improve its salability. You may watch the latest episode of HGTV or call your local REALTOR®. Either way, good information is available on how to prepare your home for sale has value. You may consider staging the home or getting to that honey-do list. You might call Jeffrey C. Hogue (selfless plug) and have him list your home and take great home photos so it looks primed on all the web sites. Almost everything you come up with will have some level of effort & expense. While all the ideas and efforts are worthy, they all pale in comparison to a pre-listing home inspection. Having your home inspected by a certified home inspector before your home hits the market offers a benefit to everyone who is and will be involved in the sale of your property. It is likely that a home inspection will be done on your property at some point of the sale. According to the U.S. General Accounting Office, more than … [Read more...]

Berks County Home Square Footage Mystery Part #1 & Part #2

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Part #1 Click HERE for Part #2 When you do a home search is square footage or size of the home a consideration? Do you ever wonder how home square footage is calculated? If you own a home, or plan to, in Berks County this is an article you want to read. Today over 90% of people searching for a new home shop online. They use web sites like Zillow.com, Trulia,com and Realtor.com. The first criteria is usually location, second is price and third is bedrooms and baths. Following close behind are land size, amenities and home size. Would you be upset if you searched for a home online and found one you were interested in, scheduled an appointment to see it, and discovered it was much smaller than the listed size? Maybe, maybe not. Well let's say you lived in California and made a special trip to Berks County to see that home and it was only 2,400 square feet and the listing information said 3,700 square feet. That might be a problem. Is this scenario even possible? If so, how? … [Read more...]

The Value of Great Home Photos

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Ten years ago when a friend told you he or she was dating online you may have thought they were desperate or worse. Now many do it without a second thought. I have never personally dated online (I married before it was the in-thing) but have been told that a person's photograph has much to do with whether they are contacted or not. I would also guess that the people using a dating web site service submit a photograph of themselves that is flattering. It would be unlikely that they would snap off a photo using their iPhone just after waking and post it. Unfortunately, it seems that the second circumstance is more the norm when most real estate agents post photos of their customer’s home on the web or Multi-List Service. Home marketing seems to closely relate to the dating trend. Taking professional photos of the homes I market entices prospects to take the next step. They reach out to preview the home (a date). If the home lives up to the on-line presentation there could be an … [Read more...]

Real Costs of Berks County Home Ownership ~ Pt 1

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Pricing A Berks County Home Part #1 My hope is that this article will help you understand factors that I use when valuing a home in Berks County. It is one of the most difficult and criticized things any real estate professional deals with in his or her career. Price a home and it sells within a week. The seller may think it was under priced, and they could have gotten more. Ok, it doesn't sell in a week. Matter of fact, it still has not sold 6 months later. The seller may think the agent is not doing their best to sell it or have overpriced the home. Sounds like a no win situation. Sometimes it is. Following is an example of how to assess the value of homes in Berks County: My first Berks County home value consideration is a market analysis. This is an analysis of homes that are pending sale, have sold or are actively being marketed in a specific area within a defined period of time. This is the most well-known version of home valuating. Before venturing out to meet the … [Read more...]

Real Cost of Berks County Home Ownership ~ Pt 2

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Pricing A Berks County Home Part #2 My Third Berks County home value consideration is intrinsic value. This is what I think buyers will think of the home, or something like that. This is obviously the most difficult analysis. It is based on emotion, taste, and feeling and just about everything you would almost never use to estimate the value of an item. It is the way many sellers value their home. Whether it is simply because the home is theirs and hope springs eternal, or they believe the color of a wall will bring windfall profit, one thing remains true. Sellers are simply the best buyers for their own home. It would be weird if things were different. The internet has educated many home sellers as to the true value of their home. This does not mean that it is not fun to play a lottery ticket now and then. After all somebody, somewhere always wins….I think? My goal here is to bring reason to the forefront, while not losing my sense (or a prospective buyer's) of what looks, I … [Read more...]

PART #4 TOUCH: ‘Handling’ – Home Staging

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Simple Touches Can Lead to a Successful Berks County Home Sale- This is part 4 of a 5 part series on how your home staging affects the senses of a prospective Berks County Home Buyer. When selling a Berks County home, homeowners inevitably consider the visual factor as the most important (it is on the web).  If the home is on a high traffic road or your furnace is loud, sound is quickly addressed.  Odors are hard to ignore.  But…..the sense of touch?  As a Berks County Home Seller, you may not want home staging to involve views touching things much.  The truth is, they do and that is a great thing! Consider your favorite sweater.  Did you only look at it, or did you touch it, even try it on?  New linens, the handle on the dishwasher, the knobs you chose for your kitchen cabinets.  When a person touches something, they are making a stronger connection.  They are now beyond window shopping.  As a Berks County Home Seller, you want to make a connection during home … [Read more...]