Jul 1, 2016 | Home Seller Tips
Staging a home effectively is among the best ways to make an impression on the market and get the purchasing offer you’re looking for, but it’s important to do it in a way that will really make homebuyers feel comfortable. While there are plenty of tricks of the trade to try, here are four ways your visitors are sure to feel right at home.
Give The Exterior A Boost
It’s pretty easy for many home sellers to forget about the outside, but the first thing visitors to your home will see is the exterior view so it needs to be in tip-top shape. By ensuring that you’ve trimmed the hedges, cleaned away any unsightly yard tools and done the small fix-ups to your front entrance, your guests are sure to have a positive first impression.
Buy A Beautiful Bouquet
Few things will be more inviting to home viewers than a beautiful flower arrangement that makes them feel like they’re in the midst of a well-kept space, so you may want to pick up a bouquet for your front entrance. Not only will this provide an instantly striking visual, it will also give off a pleasant smell which can be key when it comes to engaging home viewers.
Depersonalize Your Property
It’s certainly the case that a staged home is likely to have more success on the market, but a home that has too many personal items like pictures and papers can actually sway viewers in the opposite direction. While it’s great to keep some personalized pieces, you should definitely survey your house and take down what may make potential homebuyers feel like they’re intruding.
Clean It Up
Cleaning up your house before having guests over may be something of a cliché, but it’s never so important to spic ‘n’ span as it is when you’re staging your home. Instead of a sweep and a mop, ensure you’ve cleaned the bathroom top to bottom, vacuumed and mopped where necessary, and cleared away all the junk that will catch the eye of those who will be sure to notice any flaws.
There are a lot of things that go into effectively staging a home, but by cleaning up the outside and doing a thorough cleaning inside you’ll be able to make a positive impression. If you’re going to be putting your home on the market in the near future, contact your local real estate professional for more information.
Jun 30, 2016 | Around The Home
Due to their size and the amount of work it can take to renovate them, bathrooms can be one of the least favorite rooms in the house for many people. However, there are little things you can add to instantly improve the look of this space. Instead of ripping out the tub or repainting, consider the following decor items for a much-needed boost.
Pick a Plant
A plant that can stand the heat of your bathroom is an instant way to add a new and natural element to an old, underappreciated space. With the addition of a deep, rich tone of green that will provide a pleasant scent and a unique shape, this is an instant, economical pick-me-up.
Add A Candle (Or Two)
Given the lovely scent that emanates from them and the dose of added color, candles can instantly change the appearance of a dram bathroom space. By adding one or two atop the toilet or on a cabinet, your bathroom will be a little closer to the spa experience.
Splurge On Fancy Bottles
If you’re a fan of beauty and bath products, there’s a good chance that you like to stock up on items like bath bubbles and shampoos; fortunately, items like these can make for a space that’s instantly appealing. The next time you’re at the drugstore, splurge on some beautifully packaged duds for some unexpected sophistication.
Replace Your Old Mirror
It may not seem like a mirror switch out will make much of a difference, but swapping out this stale household staple for a funkier version can completely change your bathroom. Whether you buy a new mirror with a funky frame or paint your old one a bold color, this will instantly revive the entire room.
Buy Some Colorful Towels
It may be a simple fix-up, but having a set of old towels hanging around can instantly downgrade the look of your bathroom. If your bathroom is a neutral color and you’re looking for a little dress-up, accenting with a set of colorful towels will instantly switch up the mood.
From the tiles to the tub, the idea of renovating a bathroom can seem like a huge undertaking, but there are little decor items you can add that will really change its look. If you’re renovating your bathroom and are preparing to put your home on the market, contact your local real estate agent for more information.
Jun 29, 2016 | Home Mortgage Tips
Once you’ve purchased a home and decided on a move in date, it may seem like a lot of the hard stuff is over, but you still have one of the most important things relating to such a large purchase to think about: the payments! If you’re looking for a few tips on ways to approach your monthly payment, the following will steer you in the right direction so you can broach your mortgage schedule successfully.
Set Up A Payment Schedule
Many people have been in the situation of neglecting their phone or credit cards by forgetting about the payment due dates, but this can cause a lot of strife when it comes to an investment as large as your home. Instead of leaving it to chance, choose a day each month and ensure that your bank is transferring the funds over automatically so you never have to worry about missing a payment. This will help you retain a reputation as a responsible borrower and it means you won’t have to deal directly with this important expenditure each month.
Be Aware Of Ways To Pay
Instead of being in the dark about ways to pay your mortgage each month, talk to your bank about your options for making your monthly payments in a timely, hassle-free manner. Before you get into the nitty-gritty of home ownership, look into this as soon as you’ve signed off on the papers so you know the best way to approach each month. This will prepare you for your approximate total mortgage payment.
Is It Really Affordable?
If you’re associated with a lender you trust, you’ve probably already been made aware of the amount of house you can and can’t afford, but ensure you’ve sat down and thought about what all the added interest on your home means. While it can certainly be a huge financial commitment for anyone to commit to a monthly mortgage payment, being able to swing the expense consistently is the difference between financial well-being and a purchase you’ll come to regret.
Making the decision to invest in a home can be one of the most exciting things you’ll commit to in adulthood, but ensure you’re aware of just what your monthly mortgage means so that it’s not something you’ll look back on. If you’re currently on the market for a home, contact your local mortgage professionals for more information.
Jun 28, 2016 | Home Seller Tips
Many millennials are set to flood the real estate market in the coming years to invest in a home of their own, but what is it that this group of young people is looking for in their property? From sizeable kitchens to a sustainable ethos, here are some of the things that will likely appeal to millennials searching for an ideal place of their own to settle.
A Suburban Location
There’s something to be said for city life, but many millennials are actually flocking to the safety and comfort of the suburbs in the hopes of finding more economical options for housing. With real estate prices going up all over and seeing even higher spikes in city centers, properties that offer a better price and a good-sized space are becoming a more desirable option.
A Carpet-Free Living Space
There was once a time when homes were carpeted top to bottom and it was considered the must have look, but in recent years hardwood has become all the rage with its easy-to-clean ability and durability. While there are many risks associated with carpet and its overall cleanliness, the low maintenance quality of hardwood is making it an absolute must for many homebuyers.
Smaller Is Better
The oversized mansion with 3 extra bedrooms, 4 bathrooms and a huge yard used to be something that many homeowners idealized and aspired to, but with the rising cost of real estate and the awareness of all that goes into a home, people are shirking off this old world fairy tale. As opposed to sizeable estates, most millennials would prefer a space they can feel comfortable in and also maintain at the same time.
An Up-To-Date Area For Entertaining
Small-scale homes certainly feed the necessity for open spaces, but it just so happens that many millennials are also looking for great spaces for entertaining and an open concept kitchen achieves just this. Instead of four walls and outdated appliances, millennials want stainless steel, a lot of countertop space and a place they can comfortably hang out with their family and friends for hours on end.
Many millennials are currently perusing the market for their ideal starter home, but smaller homes with an open concept are often better when it comes to catching the interest of this group of buyers. If you’re currently on the lookout for a great deal, contact your local real estate professional for more information.
Jun 27, 2016 | Mortgage Rates
Last week’s economic news was dominated by Great Britain’s vote to withdraw from the European Union. New and Existing Home Sales were released along with weekly reports on mortgage rates and new jobless claims.
“Brexit” Vote Tanks Stocks, Could Cause Lower Mortgage Rates
US stocks plunged in reaction to the news of Britain’s decision to leave the EU and the resignation of its Prime Minister. While investors don’t want to see their 401(k) values crash, mortgage rates may also fall as a result of “Brexit”. Fallout caused by economic uncertainty connected with Great Britain’s move to regain independence is expected to have lingering influence on global financial and economic developments in coming months and years.
Fed Chair Janet Yellen said in testimony before the Senate Banking Committee that Great Britain’s decision to leave the EU could have significant consequences. Chair Yellen’s comments were made prior to Friday’s announcement of Great Britain’s decision.
Existing Home Sales Highest Since 2007, Home Prices Continue Rising
According to the National Association of Realtors® May sales of pre-owned homes hit their highest level since February 2007. May’s seasonally-adjusted annual reading of 5.53 million sales fell just shy of analysts ‘expectation of 5.55 million sales, but exceeded April’s reading of 5.43 million sales. May’s reading represented a 1.80 percent increase in sales and a year-over-year increase of 4.50 percent.
Short supplies of available homes continued to drive up home prices according to NAR chief economist Lawrence Yun, who expressed concerns about affordability as home prices continued to outstrip wages and inflation. The national median home price was $239,700 in May, which was 4.70 percent higher year-over-year. Although first-time buyers typically represent about 40 percent of homebuyers, they currently account for 30 percent of homebuyers.
New Home Sales Fall in May
Sales of new homes slowed in May after jumping in April. According to the Commerce Department, sales of new homes fell by 6.00 percent on a seasonally adjusted annual basis. 551,000 new homes were sold against the expected reading of 560,000 new homes sold and April’s downwardly revised reading of 586,000 new homes sold. New home sales were 8.70 percent higher year-over-year in May.
Mortgage Rates Rise, Weekly Jobless Claims Fall
Last week’s mortgage rates don’t reflect the Brexit decision and rose slightly on Thursday. The average rate for a 30-year fixed rate mortgage was two basis points higher at 3.56 percent; the average rate for a 15.year fixed rate mortgage was also two basis points higher at 2.83 percent. The average rate for a 5/1 adjustable rate mortgage was unchanged at 2.74 percent. Discount points rose to 0.60 percent for a 30-year fixed rate mortgage but were unchanged at 0.50 percent for 15-year fixed rate mortgages and 5/1 adjustable rate mortgages.
What’s Ahead
Next week’s economic events include Case-Shiller Housing Market Indices, Pending Home Sales, Consumer Spending and Construction Spending
