Category Archives: Real Estate News

Buying A Home Is More Affordable Than Renting In 54% Of US Counties

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Buying A Home Is More Affordable Than Renting In 54% Of US Counties (Photo courtesy of Keeping Current Matters)

According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.”

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HouseLogic list of 81 Home Staging Tips

We recently found this comprehensive article on HouseLogic.com offering a great list of Home Staging Ideas – some that even we have not heard of before! Here’s some of our favorites …

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  • Let a slideshow of beautiful images play on your television like a screensaver.
  • Help buyers imagine their life in your home. Set the scene by displaying a board game or tea service on the coffee table, and arrange furniture in conversational groups.
  • Make sure every switch plate and outlet cover matches and looks brand new.
  • Keep closets, basements, and attics as empty as possible to maximize the appearance of storage space.
  • Let buyers entertain the idea of entertaining. Set out some chic place settings around the table, or a few wine glasses and a decanter on the buffet.
  • Pack up all but the clothes you’re wearing this season to make you closets look larger.

Excerpt from original article:

Staging your house can make you money. Seventy-one percent of sellers’ agents believe a well-staged environment increases the dollar value buyers are willing to offer, according to the National Association of REALTORS® “2015 Profile of Home Staging.”

Just take this real world tale of two condo listings from Terrylynn Fisher, a REALTOR® with Dudum Real Estate Group in Walnut Creek, Calif., who also stages:

Both units were in the same complex. One hadn’t been staged or updated since it was built; the other was staged and had been slightly refreshed (a little paint here and there and one redone bath). Otherwise, both units were the same size and layout. The staged condo sold for about $30,000 more than the unstaged unit, she says. “People couldn’t believe it was the same model.”

Before your eyes turn into dollar signs, keep in mind staging isn’t guaranteed to get you more money. But it’s an important marketing tool to help you compete at the right price, which means you can sell faster. (A study from the Real Estate Staging Association bears this out.)

Helping buyers fall in love with your property takes more than running the vacuum and fluffing the pillows: It’s all about decluttering, repairing, updating, and depersonalizing, say real estate agents and stagers.
Read the Full Article here …

https://www.houselogic.com/sell/preparing-your-home-to-sell/home-staging-checklist/?site_ref=mosaic

 

How Rising Prices Will Help You Build Family Wealth In 2018

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Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

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Since the experts predict that home prices will increase by 4.2% in 2018, the young homeowners will have gained $10,500 in equity in just one year.

Over a five-year period, their equity will increase by nearly $45,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

What does this mean to you?

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!

Home Design Trends That Defined 2017

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From techniques to make listing photos pop to methods for staging small spaces, these were the design crazes that made the biggest difference in home sales. We strived to offer both news and practical advice in our home and design section throughout the year, but we also kept an eye on forthcoming trends. As you can see, our roundup of 2018 design trends—which was published only this month—quickly became our most popular design article of the year.

What’s Hot: Trends in the Pipeline for 2018
The housing trends on tap next year center around integrating technology and creating healthy and connected living environments. Here are the need-to-know products and services promising to transform homes and your clients’ lifestyles over the next year or so.

Staging for a Cozy, Minimalist Look
Real estate agents often have to work with either barren rooms or sloppy, overstuffed spaces. But what’s truly attracting the most buyers is a deft balance of tidy austerity and a comfortable, lived-in feel. Here are five recommendations to strike the right tone.

How to Make a Big Statement With a Small Yard
Not everyone dreams of a lush and sprawling backyard, so playing down diminutive outdoor space in your listing could be a missed opportunity to connect with a buyer who sees a postage-stamp lawn as a plus. Here’s how to make a splash with the most compact outdoor spaces.

4 Surefire Tips for Better Listing Photos
Interior shots pose a variety of photographic challenges that are difficult for amateur photographers. Real estate pros shouldn’t be expected to transform overnight into professional camera wielders, but you can benefit from a few tricks and some decent equipment.

These Doors Can Modernize Your Listing’s Look
The front door has always had a starring role in a home’s curb appeal. But lately, the doors inside a home are getting a closer look for their ability to add style and address design challenges. Consider these simple yet elegant options for dividing a space while earning design points.

—REALTOR® Magazine/DAILY REAL ESTATE NEWS