Spring is the optimum time to sell a home. Regardless of whether it’s a buyer’s market or a seller’s market, inventory almost always rises in the spring. Why? Because the largest number of buyers are actively searching for a new home during the months of April, May and June. Even if you aren’t selling your home, this list of things will help you maintain the value of your home. Here are some things you can do to improve the odds that your home will stand out among the sea of new listings flooding the spring-time real estate market: CURB APPEAL First impression of your outside, you want them to want to make it in the house not just drive by. Mow & trim around trees. Trim bushes. Power wash the house. Declutter (toys, garbage, vehicles, etc.) the yard. Plant flowers, either in the ground or in containers. Lay a fresh cover of mulch in the flower beds. Replace/update the address numbers. Paint the front door. CLEAN Vacuum & dust. Wipe down bathroom walls. Wipe down kitchen cabinets and counters. Wash windows and mirrors. Add a fresh coat of neutral paint. Clean flooring, a shiny floor can sell a home. STAGING […]
Repair Tips Every Homeowner Should Know By: Lisa Kaplan Gordon Article reposted from National Association of Realtors Relax. Here’s how to make short work of every common repair annoyance from a leaky toilet to a sticky window. 1. Fix a leaky toilet. Running toilets not only rob sleep, they waste water and jack up your bill. Here’s how to change a flapper — the usual suspect — and solve other likely problems. Related: How to Fix a Sweaty Toilet 2. Repair drywall holes. The hardest part of drywall repair is making the patch flush with the existing wall. A “pumpkin patch” is an easy repair that cuts down on sanding. Related: Another Clever Way to Fix Drywall — with Makeup Sponges! 3. Adjust cabinet doors. Changes in humidity can make cabinet doors rub, refuse to close, or just look cockeyed. Adjusting them is easy and generally requires only a screwdriver. 4. Open a stuck window. Windows stick when paint, dust, or moisture builds. Use a utility knife (or a pizza cutter) to remove old paint. Be careful not to gouge the wood sash. If high humidity is making windows hard to move, run a humidifier that sucks moisture out of […]
Daily Real Estate News | Thursday, June 11, 2015 The residential real estate market, now at its midpoint in 2015, is on track for its best year since the peak of the housing bubble in 2006, notes realtor.com® chief economist Jonathan Smoke. But as Smoke is quick to point out, this time it’s not a housing bubble. That’s because job growth is fueling the most recent climb in demand for homes. More than 3 million jobs have been created in the past 12 months. As job growth increases, demand has followed. Homes are selling more quickly. The median age of inventory from homes on the market nationwide in May was 66 days – eight days faster than last year. Some markets are even seeing inventory move in just 18 to 45 days too, realtor.com® notes. “A rapidly declining age of inventory signals that demand is growing more rapidly than supply,” Smoke writes in commentary at realtor.com®. “Indeed, we’ve had 32 months in a row of existing-home inventory at less than a six months’ supply. That’s why we’re also seeing above-normal price appreciation.” Median home prices rose 9 percent in April year-over-year. Home owners are seeing strong gains in equity lately. […]
Posted by National Association of Realtors Contributed by Howmuch.net It’s important to prepare a home for the cold weather ahead. And, you don’t have to spend a lot of money to do this. Following are winter home improvement projects that home owners can do for less than $1,000: #1 HEATING It’s that time of the year again. Your home has to be properly heated in preparation for the low temperatures this season. Proper heating not only makes your home more comfortable to stay in during winter, it can also help you save on energy bills. For this article however, we will focus on your water heater. Simple Water Heater Installation A water heater is a simple device. It is not difficult to maintain and they usually last from seven to 15 years. However, even with proper maintenance, sooner or later, you will replace your water heater. If your water heater starts to leak or if it isn’t heating, you have to replace it fast. Average Cost: Typical cost is about: $826 – gas water heater with 50 gallon tank, typically used in a 5 person home, including vent and pipe . Prices range from: $639 – electric water heater with […]
Thinking of Listing Your House? If you are debating listing your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage: “While feedback from REALTORS® continues to suggest healthy levels of buyer interest, available listings that are move-in ready and in affordable price ranges remain hard to come by for many would-be buyers.” The latest Existing Home Sales Report shows that there is currently a 5.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and well below November 2014 numbers. The chart below details the year-over-year inventory shortages experienced in 2015: Anything less than a six-month supply is considered a “Seller’s Market”. Bottom Line Let’s get together and discuss the supply conditions in your neighborhood to be able to assist you in gaining access to the buyers who are ready, willing and able to buy now!