Newly Listed Homes Get 3.4 Times More Online Views Than Those With a Price Drop

    

Price your home right from the start to maximize the homebuyer interest it will get on day one

Homes get 3.4 times more online views the day they are listed than they do the day the seller drops the price. So if you’re thinking about testing the waters with a high price and then lowering it a few weeks later to drive more interest, we advise against it.

Homes Get 3.4X More Views The Day They Are Listed Than After a Price Drop

“It’s critical to price your home to sell from the start,” said Redfin chief economist Daryl Fairweather. “Fair or not, buyers judge a home by how many days it has been on the market. A home that has been on the market for more than a few weeks has a scarlet letter on it, and buyers will wonder why no one else wanted to buy it. Dropping the price can help get your home onto the radar of some buyers who are searching for homes priced just below the original price, but you likely won’t be able to regain the appeal of a newly listed home.”

A home for sale that is viewed by 100 buyers online in its first day receives an average of just 17 views per day after 30 days on the market. Dropping the price only boosts that to 29 views, and the bump only lasts a single day. The day after a price drop, the home’s views fall back down to just 18 per day.

It is critical to put your absolute best foot forward the moment your home hits the market. Price it right, include the best quality photos, and make sure all the details are just right. You’ll never be able to replicate the surge of attention your listing gets on its first day on the market.

Online views of home listings drop off steeply after the first day, with half as many visits on day two and a quarter as many after a week on the market.

During the 4-week period ending May 19, nearly a quarter (24.2%) of homes for sale had a price drop, up from 21 percent a year earlier, but down from the 30 percent record high posted last October. As home sellers this spring adjust to a market that’s less favorable to them than it has been in years, it’s increasingly important to make your home as appealing as possible to the most serious buyers whose phones will alert them when your home is first listed. Alerts about a price drop are more likely to inspire skepticism than excitement in homebuyers.

“Especially in a market where bidding wars are not the norm, it can be tempting for a seller to price their home a little high to avoid leaving money on the table,” explained Seattle-based Redfin listing agent Dorothee Graham. “If we have to drop the price, I’ll run a new comparative market analysis (CMA) so the seller can see how much similar homes nearby are listing and selling for, then I offer to take them in person to tour those properties so they understand where their home should be priced.

“I also pull a list of everything available in that price range I’m recommending so they can see what else is out there, regardless of property type, size or condition, because this is how buyers are searching,” continued Graham. “We also keep in mind price intervals and how homebuyers tend to search on Redfin and other real estate sites. A seller might want to reduce their price by just $10,000 to $15,000, but we advise that this won’t work unless it puts them in a different price bracket on real estate sites. When you do a price drop it has to be meaningful.”

Methodology

For this analysis we collected Redfin.com pageview counts of 1.2 million listings of homes for sale across the U.S. between January 2018 and March 2019 that had at least one price drop during the period. We averaged the number of views listings got each day on the market, relative to their listing date and the date of their first price drop. The data was indexed to 100 views on day 1 of the listing in order to clearly show the volume of listing views relative to day 1 of a new listing.

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6 Smart Home Devices for a Healthy and Happy Pet

    

As pet owners, we all face that familiar pang of guilt when leaving the house to go to work, school, or to run errands. Your pet is home alone, fending without you, waiting for your return. Until recently, there was no way to periodically check-in, or confirm your pet’s safety throughout the day. Instead, pet parents were left to wait, wonder and worry.

Smart home devices have changed the landscape for pet owners. We now have access to a multitude of tools that provide savvy ways to keep an eye on four-legged friends from afar. From feeders controlled via Bluetooth to automated dog doors, the wide world of pet-centered smart home technology can ensure your furry friend’s safety and happiness.

Homeowner and dog coming home for playtime with smart home devices

1. Worry Less with Pet-Specific Cameras

Many families have long installed security systems with cameras inside and outside the home, but these cameras are designed for general surveillance, rather than specifically monitoring pets. However, an evolution in camera technology has resulted in a new frontier: pet-specific surveillance. These products are designed to keep an eye on pets, and even interact with them when you are away from home, providing peace of mind and added stimulation for your pet.

The Furbo Dog Camera is a leader in this class. For $199, this surveillance tool is placed at canine eye level so you may interact face-to-face with your dog during the day. This camera also allows you to toss treats to your pup when he’s being a good boy, as well as a bark sensor so that you can immediately check in when your dog has something to say.

If you want to keep tabs on your cat when it is snoozing in a remote corner, a collar camera may be a better option. These Go Pro-like devices are designed to be attached to a cat’s collar. It allows you to see your cat playing, where they’re sleeping, or what trouble they’ve gotten into throughout the day.

Dog looking into a Furbo smart home camera

2. Keep Your Pet Nourished with Food Dispensers

Feeding your pet is a big part of daily routines but mistakes happen–your pet kicked over his food dish, or something is keeping you away from home longer than expected. Luckily, pet technology can take care of the problem.

The Petnet SmartFeeder is an automatic pet feeder that dispenses dry food on scheduled intervals, managed by smartphone with smart home device pairing abilities. This feeder also provides a nutritional score to evaluate your pet’s diet and uses pet-specific metrics to determine the perfect feeding frequency and serving sizes. 

Households with multiple pets, particularly those in which pets eat different foods or have dietary restrictions, may prefer the SureFeed Microchip feeder. This tech-savvy solution uses RFID technology to recognize which pet is at his bowl to manage food access. It ensures that Fido isn’t eating Fluffy’s food or that your diabetic cat doesn’t have access to the high-fat food options your other kitties enjoy.

3. Smart Exercise Equipment = Heart Healthy Pet

A little extra activity never hurt, especially when you’re not around for playtime. Smart technology that inspires physical activity, like The Little Cat, can be a great resource.

Essentially a kitty treadmill, it uses LED light to follow the wheel’s movement to give your cat something to chase. The innovative invention can help housebound cats stave off obesity and boredom. Owners control the speed from their smartphones or may leave settings on manual mode. Later, you can review exercise information to see how much time Fluffy spent getting into shape.

4. Keep Your Pet Fresh with Self-Cleaning Litter Boxes

Let’s face it, absolutely no one likes cleaning out the litter box. While a necessary part of pet ownership, this less-than-thrilling task is often hard to fit in a busy schedule. New advances in self-cleaning litter boxes do all the heavy lifting, with options like the app-enabled LavvieBot that’s starting its first funding campaign. LavvieBot monitors box usage with the ability to differentiate between cats by weight and even send notifications when the waste tray needs to be emptied. 

Cat owners also love the rotating Litter Robot that sifts waste, removes odor, and even offers a night light for evening use. With a price tag of between $399-$499, homeowners praise its convenience and durability.

Dog owners aren’t left out in the waste management field either. The brand new InuBox provides a raised platform that detects both dog presence and waste. The $149 is worth it to pet parents who can’t make it home during a long day at work.

Cat with an automated litter box smart home device
Photo by Your Best Digs

5. Let Your Pet Out with an Automatic Dog Door

For homeowners with a fenced-in yard, access to a dog door is a great way to ensure your pet can stretch his or her legs and use the bathroom during the day. However, they aren’t always great for security. Smart dog doors solve common pet door problems, making sure pets have the option to go outside without compromising home security. It also lowers the risk of an indoor-only cat escape.

The PetSafe SmartDoor ($94-$215) is a functional smart home device that offers automatic locking capabilities and programmable entry and exit times. This ensures only pets with outdoor privileges can go in and out. 

For pet owners with multiple pets and varying preferences, the PlexiDor ($372) uses RFID chip technology but allows for a greater range of customization options. Each pet can have its own unique smart home device settings with different permissible time frames. This can be an excellent option if you have two dogs who shouldn’t be outside at the same time.

6. Keep Your Pet Happy with a Remote Playtime Device

No pet likes to be left home alone. Even cats, animals that prefer to sleep all day, need daily stimulation. This can be hard if you regularly take overnight trips for business or work long hours. Luckily, smart toys keep your pets entertained, even if you can’t be there to throw a ball yourself.

The iFetch interactive ball launcher makes playing catch easy, allowing for customizable tosses at 10, 20, and 30 feet.

Dog playing with smart home device for remote playtime

For those who prefer an app-operated product, the SmartPult distributes treats and tosses balls from anywhere in the world. Distance is easily adjustable from anywhere, making it easy to accommodate any yard or indoor space.

For restless kittens, cameras like the Petcube Interactive Wi-Fi Pet Camera cost roughly $99 and come with the ability to remotely control a laser pointer for hours of enjoyment.

If you want to do right by your pet, the best in pet technology can make a difference. From automatic food bowls to ensure full stomachs to surveillance cameras to stay in contact all day, technology solutions can deepen your relationship with your pet.

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Find inspiration in landscape designs and ideas from this year’s show in London

 May 24, 2019
Editor, Houzz UK and Ireland
 
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Woodland plantings, green roofs and copper and brass structures were some of the standout trends at the 2019 RHS Chelsea Flower Show, held May 21-25 in London. Read on to see other design and planting ideas from England’s famed garden exhibition.
 
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Barbara C

In regard to the grocery bags, I thought I was alone in not wanting them on my counters! I unload them to a rug in front of the sink and unpack them from there. If someone insists on putting them on my counters, I put newspapers down first.

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taryn_stowell

Also, when you have a skinny kitchen, try to stagger the placement of the appliances or else you end up sitting in your dishwasher when you are trying to remove a dish from the oven. Or vise versa.

    
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dreamdoctor

Grocery bags - I try not to overthink things too much - my wife is a micro biologist and teaches medical micro, epidemiology and immunology - what I'm saying is I'm surprised we have children given her back ground and what over thinking that would result in. Think about it sure but maybe not over think it.

The first thing I do when starting food prep is to wipe everything down and clean out the sink. She uses Comet, I use the hand dish washing fluid. I am vegan she is facultative vegan - animal products have the potential to contaminate the kitchen far more then shopping cart and check out belt scunge. We got rid of that problem - why bring that potential contaminate in on purpose? It is a practical matter among other things if you are concerned with health and sanitation in the kitchen. So nice not to worry about what knife did what and what cutting board was used for what. Deregulation of these industries does not give me any sort of peace of mind.

On the other hand - the grocery bags are unloaded on the peninsula which is on the opposite side of the kitchen from the main prep area. It happens to be bigger (by design) and closer to where most of the groceries are stored.

    

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Installing an island can enhance your kitchen in many ways, and with good planning, even smaller kitchens can benefit

 May 27, 2019
Houzz UK Contributor. LWK Kitchens are a design-led German Kitchen specialist based...More
 
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