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Homes are selling faster in July, and many markets are hotter today than they were a year ago, realtor.com® notes in its newly released housing report. California markets continue to see some of the most traction from home shoppers.
“We normally see the housing market begin to slow down in midsummer, but this year has been a different story,” says Javier Vivas, realtor.com®’s manager of economic research. “Mid- to lower-tier homes are flying off the shelves and … [are] being replaced by higher-priced, larger homes.”
The national median list price in July was $275,000, realtor.com® reports. Further, the National Association of REALTORS® reported this week that 54 percent of existing homes were on the market for less than a month in June.
Owning a home and making mortgage payments is like putting money in the bank. Barring a market reversal, that nest egg of equity in your home will grow and grow. And for most homeowners, their house is their largest asset—which means there’s a lot of money at stake when it comes time to sell.
Want to get as much money back as possible from this big-ticket investment? Of course you do! So avoid doing these nine things when you put your home on the market.
Lure potential buyers with a simple and clean palette. Shades of white and off-white are the top colors for a quick home sale, Jody Finglas of Finglas Painting in Ossining, N.Y., told USA Today.
“White is the foundation that anchors the home,” adds Friley Saucier, a broker-associate with Sotheby’s International Realty in Naples, Fla. “This is absolutely what is most requested when I’m working with home buyers.”
Finglas says less is more. “We’re seeing a lot of requests for lighter, brighter colors,” he notes.
When working with a white backdrop, the trick is to add in color through the furnishings and accessories, Finglas says. He says selecting the right shade of white paint isn’t easy. “A white kitchen can mean 40 different colors,” Finglas says.
Homeowners should still bring home paint swatches, says Dwayne Bergmann of Dwayne Bergmann Interiors in Fort Myers, Fla.
“Whites can have a more blueish hue or more of a brown or even pinkish hue depending on the exact lighting,” Bergmann says. “Even a pure white is going to look different.”
Source: REALTOR® Magazine Online and USA Today
Looking for some home improvement inspiration? Here are a few suggestions for projects that won’t break the bank or steal more than a weekend or two.
- Make an entrance
The entrance to your home is a focal point and a few simple changes can leverage its impact. Sand and repaint your front door or invest in a brand new one. Add some bling with new address numbers, knobs, doorbells or knockers. Frame the door with planters to help complete the picture.
- Class up your cabinets
You don’t need to buy new cabinets to give your kitchen a new look. Add a fresh coat of paint, or try out new cabinet hardware (buy knobs and pulls that are the same size as the ones you have to save installation time) for details that give the upgrade an added level of elegance.
- Make a splash
You don’t need to be a pro to install a new kitchen backsplash. Many home stores offer quick classes, or you can cruise YouTube for “how-to” videos. Customize your kitchen with ceiling tiles, glass or ceramic tiles, wood or stainless steel.
- Crown yourself
Crown molding around your walls is a simple addition that can add a ton of character. If you don’t have woodworking tools, don’t panic. Home improvement stores can cut strips of molding to your measurements.
- Look to the little things
You’ll be surprised at how much of a difference swapping out old switch plates, outlet covers and doorknobs can make.
Do your ambitions extend beyond a few small projects? Maybe you’d like to tackle an entire fixer-upper? Or perhaps you know of someone else who would? I’ll be happy to help; contact me today!
When you’re selling your home, you may be willing to do whatever you can to help it stand out and sell faster. Because the National Association of Realtors is predicting modest growth for the 2017 real estate market, as a seller you want every edge you can get.
“Smart home features are designed to make homes more convenient, appealing, secure and energy-efficient — all of which are bonuses when you’re trying to sell a house,” says Geoff Lewis, President of RE/MAX, LLC. “Sellers who want to move their homes faster may benefit from adding smart features that make their properties more appealing to tech-minded buyers.”
According to IHS Markit and CNBC, 80 million smart home devices were delivered worldwide last year. That’s a 64 percent increase from 2015.
Here are six trending smart home features that might catch buyers’ attention and help sell your home faster:
1) Keyless/remote entry door locks
Have you ever left the house and worried that you left the front door unlocked? If your home is equipped with a keyless/remote entry door lock — available from multiple manufacturers — you can use an app on your smartphone to lock the door from wherever you are. Some manufacturers make versions that will also send a text or email to your phone when the door opens. Locks that can be programmed with multiple entry codes also allow you to see who comes and goes and when.
2) Smart lighting
From lighting automation that allows you to control lights remotely and wirelessly, to energy-efficient LED bulbs that can change color to match your mood and decor, lighting has come a long way. Some smart lights work in tandem with home automation systems to allow you to turn them on or off, or even dim them, from an app on a smartphone or tablet. Others require no communication hub and can be controlled directly from your mobile device. You can also put some smart bulbs on timers (using your wireless device), sync them with certain TV shows or movies, and integrate them with security cameras and thermostats.
3) DIY security systems
Don’t want to sign a contract or deal with complex security systems? Install-it-yourself security systems are affordable and offer security features like cameras, sensors, motion detectors and alarms or sirens, without the need for a security service to monitor them.
4) Smart appliances
The Internet of Things (IoT) — everyday objects that have network connectivity — includes a growing list of smart appliances. Many manufacturers are offering washers, dryers, refrigerators and other home appliances that can communicate with you — and each other — wirelessly. Many can be controlled remotely from your smartphone — so if you leave the house and can’t remember if you turned off the stove, you can check in and turn it off using your smartphone app.
While appliances aren’t always included in a home sale, they do make for interesting features that keep your home top of mind to buyers.
5) Smart plugs
One of the easiest, most affordable smart home upgrades you can make is to add smart plugs to your home. These Wi-Fi-enabled plugs fit existing outlets and can be controlled from a smartphone app. Plug anything into a smart plug, like lights or a television, and you can turn it on or off remotely, track energy consumption, or even create an on-off schedule.
6) Temperature controls
Programmable thermostats were just the beginning; today’s home temperature controls are even smarter. Like other smart home features, smart thermostats can be controlled remotely from your mobile device. You can program them to make automatic temperature adjustments and then use your smartphone to override the program like turning up the heat on a particularly cold day. Some smart thermostats learn from household behavior and adjust the temperature to meet your family’s needs and save energy, while others adjust based on the number of people in a room. And several can now be operated via voice-controlled virtual assistants.
“Many of these smart home features are surprisingly easy and affordable to install,” Lewis says. “Sellers who are open to the idea of investing a little money to possibly help get a speedier sale, may want to consider adding the smart features buyers will be looking for in 2017.”
If you or someone you know is thinking of selling, contact me today!
When you hire a real estate professional to help buy or sell a home, they can help free up time you would otherwise spend on sorting through listings, scheduling showings, or trying to figure out paperwork. You might even have time to focus on the fun parts of moving, such as:
- Building a Pinterest board of décor inspiration
Don’t have a particular design style in mind? No problem. Check out the RE/MAX Pinterest page for ideas.
- Clearing out the clutter with a yard sale
Remember, each thing you sell is one less thing you’ll have to pack – and unpack. Here are some top yard sale tips.
- Planning your housewarming party
You’ll want to show off the new place – especially after you’ve made it Pinterest perfect. Put together a Facebook event and start thinking about party favors to thank friends who helped you move in.
- Bargain shopping for furniture
There are plenty of options for you to furnish your new nest without breaking the bank. Here are six places to find furniture within your budget.
It’s easier to find time to prepare for your move if your agent does the heavy lifting. I’ll be happy to help; contact me today!