RISMEDIA, Thursday, July 25, 2013—
Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the median price shows seven straight months of double-digit year-over-year increases, according to the National Association of REALTORS®.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dipped 1.2 percent to a seasonally adjusted annual rate of 5.08 million in June from a downwardly revised 5.14 million in May, but are 15.2 percent higher than the 4.41 million-unit level in June 2012. Read more…
More About Buying Home:
Bringing the Exotic Tropics Home to Naples
Naples Makes Top 10 Turnaround List
By Nick Caruso
RISMEDIA, Saturday, July 13, 2013— The housing market is on the road to recovery and you know what that means: There is more good news to be shared and celebrated in the industry. According to reports from Kiplinger, 12 metropolitan areas fared the best in 2012, thanks to below-average unemployment rates, an improving economy and increased buyer confidence. All of these factors and more are helping transform these cities into seller’s markets:
• Phoenix, Ariz.
• Provo, Utah
• Cape Coral-Ft. Myers, Fla.
• Minneapolis, Minn.
• Akron, Ohio
• Youngstown, Ohio
• Seattle, Wash.
• Salt Lake City, Utah
• Boise, Idaho
• San Jose, Calif.
• Washington, D.C.
• Tucson, Ariz.
This upturn is without question positive news. According to Pat Esswein, associate editor for Kiplinger’s Personal Finance magazine, there are many positive and healthy drivers aiding in these cities’ turnaround. Read more…
More About Buying A Home:
Area home prices to jump by double-digits in next year, research group says
Features New Home Buyers Want
By Keith Loria | RISMEDIA, Wednesday, July 03, 2013
From increasing your property’s curb appeal to staging your home to attract a larger pool of potential buyers, the list of things that require attention before putting your home on the market may seem endless. While the bathroom may be the first area that gets overlooked, it’s often one of the most important spaces when it comes to helping your home stand out.
After all, a bathroom is a place where one starts each morning and ends each night. Not only is it a place for grooming, it can also be a homeowner’s sanctuary—a space for relaxing in a hot bath, escaping the stresses of daily life for a few moments.
In addition, studies have shown that updating a bathroom before putting a house on the market is one of the best ways to increase a home’s resale value. There are plenty of small fixes that are easy to implement, such as replacing the lighting with decorative fixtures or adding a new shower curtain, however, there are a few larger and not-too-expensive renovations that should be considered, too.
For instance, the bathroom is a prime place to start putting those environmentally friendly devices to work. Installing fixtures that save water, such as a low-flow showerhead, a low-flow faucet aerator, and a dual-flush toilet, can save thousands of gallons of water each year and attract an energy-conscious buyer. The addition of energy-efficient windows is another easy option, since bathroom windows are typically on the smaller side. Also, adding natural stone countertops and flooring, which help keep the space cool during the summer and warm during the winter, is another fix that is both decorative and energy efficient.
Even if your bathroom is on the smaller side, there are several things you can do to optimize the space and make it appear larger than it really is. One option is to replace the vanity with a designer pedestal sink, which will add intrigue to the room while taking up less space. You may also want to consider adding large floor tiles and painting the walls a light color to give the illusion of space. Switching out the current bathtub for one that is smaller, but more unique, is another quick fix that’ll add mass appeal.
If you’re looking for something really different, try hanging an entire row of plants along one wall. Or, incorporate multiple mirrors or even a chandelier into the space. Decorative glass, stone tile and extra-wide wall tiles remain popular options in 2013, according to home stagers.
Incorporating unconventional decorating themes will help your bathroom stand out while attracting a larger pool of prospective buyers.
For more bathroom renovation ideas, contact our office today.
Copyright© 2013 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission.
By Nick Caruso | RISMEDIA, Tuesday, June 25, 2013
The housing market is on the road to recovery and you know what that means: There is more good news to be shared and celebrated in the industry. According to reports from Kiplinger, 12 metropolitan areas fared the best in 2012, thanks to below-average unemployment rates, an improving economy and increased buyer confidence. All of these factors and more are helping transform these cities into seller’s markets:
• Phoenix, Ariz.
• Provo, Utah
• Cape Coral-Ft. Myers, Fla.
• Minneapolis, Minn.
• Akron, Ohio
• Youngstown, Ohio
• Seattle, Wash.
• Salt Lake City, Utah
• Boise, Idaho
• San Jose, Calif.
• Washington, D.C.
• Tucson, Ariz.
This upturn is without question positive news. According to Pat Esswein, associate editor for Kiplinger’s Personal Finance magazine, there are many positive and healthy drivers aiding in these cities’ turnaround. Continue reading…
More About Buying A Home:
Benefits of Real Estate Investment vs. Stocks and Bonds
Naples Makes Top 10 Turnaround List
RISMEDIA, Saturday, June 22, 2013
Freddie Mac recently released its U.S. Economic and Housing Market Outlook for June showing the effects rising interest rates are having on certain markets around the country and the overall housing recovery. A short preview video and the complete June 2013 U.S. Economic and Housing Market Outlook are available here.
Outlook Highlights
Interest rates for 30-year fixed-rate mortgages have risen about 0.5 percentage points over the past several weeks and are expected to hover around 4.0 percent during the second half of 2013.
With rising mortgage rates, expect a sharp decline in refinance volume in the second half of this year; refinance originations are expected to total about $1.1 trillion in 2013, down from $1.5 trillion in 2012.
At today’s house prices and income levels, mortgage rates would have to be nearly 7 percent before… Read more
More about Buying A Home:
That boom you heard is Southwest Florida building industry: It’s back
Changing Spaces in New Homes
By David R. Leopold | RISMEDIA, Monday, May 27, 2013
We see it every day. Sellers who don’t take the time to ensure a smooth home inspection and who pay for it in the long run. The spring market is upon us. A little preparation can ensure sellers have great home inspections.
Home inspectors typically arrive 30-45 minutes early to the home inspection appointment so that they are professionally set up and ready to go when you arrive. I can’t tell you how many times I’ve been greeted at the door a half hour before everyone is set to arrive by a person who looks as if they’re freshly out of bed.
If a seller does this, he’s about two hours late for his presentation. On inspection day, the house should be empty of the owners and their presence. In fact, everything should be just like it was on the initial viewing day. Be ready for inspection day by getting up and out of the house an hour before the appointment. The home should also be clean and pets should be removed or crated.
If something isn’t working properly, don’t try to hide it. We will find it. Buyers get very suspicious when sellers deliberately try to conceal defects. They immediately see you as dishonest and wonder what else you’re hiding. It’s not worth losing their confidence over a trivial defect. Just leave a note: “We know about it and we’re getting it fixed.”
In addition, make sure the location of attic and crawlspace hatches are identified and are easily accessible, as home inspectors hate moving your stuff.
If the hatch is in a closet, remove any clothing that is hanging directly under the hatch as well as anything on the floor. Your home inspector doesn’t want to move your smelly sneakers.
It’s also important to check every area of the house for blown light bulbs. This includes the crawlspace, attic, garage and furnace room. We don’t want to waste time determining if a fixture is inoperable or simply has a blown bulb.
Do you have a septic system or a well buried in your yard? If so, make sure you leave a sketch of the locations. There’s nothing worse than a group of contractors, home inspector, buyers and their REALTOR® wandering around a yard needlessly, searching for something you know the exact location of.
Lastly, please don’t leave your dirty laundry in the washing machine or dryer. We have to test these appliances and we don’t want to pull your dirty underwear out of the washer in front of everybody. Also, make sure your oven and stovetop are clear and clean so that we can easily test them without setting off the smoke alarm.
Some of these items may seem like REALTOR® 101, but I’ve noticed over thousands and thousands of home inspections that only the most successful REALTORS® pay attention to these details. Help your seller help themselves—and you—get ready for inspection day.
By David R. Leopold is the owner of Pillar To Post Home Inspection located in Fairfield County, Conn.
For more information, visit www.pillartopost.com.