All Blog Entries by Mark Gellman

There are currently 44 blog entries published by Mark Gellman.

 

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This Thanksgiving, let us at The Gellman Team do the baking for you.

We’re excited about our second annual appreciation event this year. To thank all of our clients and friends for their business, referrals, loyalty and friendship we're inviting all of you to The Gellman Team’s Pie Day Giveaway.

On November 20th and November 21st, stop by our office between 12 p.m. and 6 p.m. to pick up your free apple pie or pumpkin pie! Simply visit TheGellmanTeamEvents.com before November 15th to register and tell us which kind of pie you’d like.

We’re thrilled to be able to offer this opportunity to thank all of you in person. Be on the lookout for reminders about this event in your mailbox and your inbox.

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Now that summer’s over and school’s back in session, should prospective sellers list their homes in the third and fourth quarters of this year or wait until next spring?

We’re huge proponents of selling in the third and fourth quarters when there is less inventory in the market and a significant number of buyers who are still very active. Since a lot of buyers sat out the busy spring and summer seasons, they’re now making their move.

"We’re encouraging all of our sellers to put their homes on the market immediately." 

We’re encouraging all of our sellers to put their homes on the market immediately. The only ones who are exempt

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If you are thinking of selling your home, should you update your home or sell it as-is? If you decide to update, which areas will get you the best return on investment?

Before we list a home, we always make sure to assess which updates should be made before the property hits the market. Sometimes, if a home has been sitting on the market for a long time or coming back on the market after failing to sell, updates can help your property appeal to more buyers.

However, it’s important to be very cautious when updating your home. Some updates will get you a better return than others.

In our current market, move-in ready homes are

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Now that summer is over and school is back in session, what is happening in the St. Louis real estate market?

A common trend that started in spring and carried through the summer was a weakness in inventory of great homes that are priced correctly. Renovated homes in the $500,000 and under price range were selling with multiple contracts and bidding wars. Those homes were priced right, marketed to the highest level, and they were all move-in ready.

In the upper end of the market, many areas are in a buyer’s market. Some of those areas have over a year of inventory. Why are these homes taking longer to sell? It really comes down to

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HGTV is one of the most popular cable networks on TV, but unfortunately, it's setting up some unrealistic expectations for buying a renovation property. Many people see these shows and think a gut renovation will be fun, and the most unrealistic expectation these shows set is making it all look far easier than it is.

It's all very challenging to find great contractors who are consistent and show up. These shows also fail to show all the unknowns—what happens when you peel back the onion? What's going on with the home's plumbing and electric? What issues come up, that can’t be seen when the house was bought? Unfortunately, many people are only

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In a seller’s market like ours, in many areas/price points here in St. Louis, multiple offers and bidding wars are common. As a homebuyer, being able to compete in these situations isn’t all about the highest possible price you can offer. You’ll have to pay a premium for the good homes, to be sure, but we’ve got some tips for you to help make your offer stand out in other ways so you have a better chance of an accepted contract.

One of the first things you can do is waive the appraisal rider. In this market, with inventory levels low in certain areas/price points, demand is high and many homes are selling for record prices. At the same time,

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How do you appeal your 2017 property taxes if you think there has been a mistake?

2017 is a reassessment year, which means many people’s taxes have gone up 15% to 25% or more or have not decreased enough. 


"We can help you appeal your 2017 property taxes."

Luckily, the Gellman Team is here to provide you MLS data for sales in 2015 and 2016 that will impact your 2017 tax reassessment. That being said, you can go to www.TheGellmanTeamPropertyTax.com or text PROPERTYTAX to (314.627.0866) to request MLS data for appealing your property taxes. Whether your taxes went up too much or did not decrease enough, we’re here for you as your trusted

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What’s happening in the St. Louis area real estate market this month?

I wasn’t exactly right when I predicted back in February and March that inventory levels would significantly increase as we entered the spring. We thought that by now we would have significant increases in inventory and there would be additional options for buyers. Thus, there would be somewhat of a shift from a seller’s market to a more balanced market.

In many areas, however, we continue to see inventory levels hovering around two to three months, which still reflects a seller’s market. It appears the simple law of supply and demand still rules. We’re still seeing top

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By now, you should have received your invitation to our client appreciation party. We're excited to see you and your family there!

We'll have a day of bowling, darts, pool, food, and drinks at Saratoga Lanes on April 2nd from 2 p.m. to 6 p.m.

If you haven't yet, please RSVP here to let us know how many will join us.

Thank you again for all your support! We're looking forward to another great year and we look forward to seeing you at the party!

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Today I’m going over a topic that many viewers have inquired about: upgrading or remodeling a home for market.

In today’s market, if you’re looking to maximize your equity, the best thing you can do is upgrade your home.

Buyers in this market have a lot of purchasing power because of low interest rates and great financing, but they don’t always have a lot of out-of-pocket cash. A buyer may be able to afford to finance a home that has had some remodeling done, but not to buy as is and upgrade it themselves. That’s why investing in upgrades is a great idea.  

Keep in mind that you do have to be very generic when remodeling. Don’t focus on a

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