Savannah Real Estate Blog - Sharon Black Realty Recently posted or modified blog postshttps://www.sharonblackrealty.com/blog/Copyright SharonBlackRealty.com2023-11-15T12:48:37-07:00tag:sharonblackrealty.com,2012-09-20:5391Essential Home Maintenance Guide: Ensuring Your Home is in Top Condition<img src="https://assets.site-static.com/userfiles/1985/image/Homeowners.jpg" width="1620" height="1080" alt="Homeowners" />
Home Maintenance Checklist for Homeowners: Keep Your Property in Top Shape
Learn how to maintain your home effectively and prevent costly repairs by following our comprehensive home maintenance checklist. In this blog post, we provide essential tips to help you keep your property well-maintained and in excellent condition for years to come.
Interior Home Maintenance Checklist:
1. Leak Detection: Regularly inspect your plumbing for any signs of leakage, such as water stains or mold growth. Swiftly address any issues to prevent further damage.
2. Smoke and Carbon Monoxide Detectors: Ensure your family's safety by regularly testing these detectors and replacing batteries as needed.
3. Air Filter Maintenance: Improve indoor air quality and extend the lifespan of your HVAC system by cleaning or replacing air filters every three months.
4. Pest Infestation Check: Protect your home from pests by inspecting for signs of infestation, such as droppings or wall holes. Take necessary measures to eliminate pests and prevent future problems.
5. Appliance Upkeep: Maximize efficiency and longevity by regularly cleaning and maintaining your appliances. Tasks like cleaning refrigerator coils, clearing dryer lint traps, and flushing your hot water heater annually are crucial.
Exterior Home Maintenance Checklist:
1. Roof Inspection: Regularly check for damage, such as cracked or missing shingles, and engage professionals if repairs or replacements are necessary.
2. Gutter Maintenance: Clean your gutters at least twice a year to prevent water damage to your home's foundation.
3. Tree and Shrub Trimming: Trim overgrown trees and shrubs to safeguard your home's exterior and ensure safety.
4. Repair Cracks and Holes: Promptly address any cracks or holes in your home's exterior to prevent water damage and discourage pest infestations.
5. Power Washing: Keep your home looking fresh and free from dirt and grime buildup by power washing the exterior.
By diligently following this home maintenance checklist, you can keep your home in prime condition, avoiding costly repairs. Remember, breaking down tasks and tackling them systematically can make the process more manageable. Protect your home and investment through regular preventive maintenance.2023-05-09T12:39:49-07:002023-07-10T11:50:07-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5368The Benefits of Getting Pre-Approved for a Mortgage Before Shopping for a Home<img src="https://assets.site-static.com/userfiles/1985/image/pexels-mikhail-nilov-7731330-min.jpg" width="3295" height="2221" />
Buying a home is one of the most significant investments you'll make in your lifetime. It's a significant decision that requires careful consideration of your finances, lifestyle, and long-term goals. For most people, this also means securing a mortgage to finance the purchase of a home.<br /><br />
One of the first steps you should take before shopping for a home is to get pre-approved for a mortgage. Here are some of the benefits of getting pre-approved:<br /><br />
Know Your Budget<br />Getting <a href="https://www.sharonblackrealty.com/buyers/mortgage-pre-approval/" target="_blank">pre-approved </a>for a mortgage will give you a clear idea of how much house you can afford. The pre-approval process involves a lender evaluating your creditworthiness, income, and other financial information to determine the maximum loan amount they are willing to lend you. With this information, you can narrow down your home search and focus on properties that fit within your budget.
Gain a Competitive Edge<br />In a competitive real estate market, being pre-approved for a mortgage can give you an edge over other buyers. When sellers receive multiple offers on their property, they are more likely to choose a buyer who has been pre-approved for a mortgage. This is because pre-approval indicates that you are a serious buyer who has taken the necessary steps to secure financing for the purchase.
Avoid Disappointment<br />There's nothing worse than falling in love with a home, only to find out that you can't afford it. By getting pre-approved for a mortgage, you can avoid disappointment by setting realistic expectations for your home search. You'll know exactly how much you can afford to spend and can focus your search on homes that fit within your budget.
Save Time<br />House hunting can be a time-consuming process. By getting pre-approved for a mortgage, you can save time by focusing your search on homes that fit within your budget. You won't waste time looking at properties that are outside of your price range or that you can't afford.
Close Faster<br />Getting pre-approved for a mortgage can also help you close faster when you find the right home. The pre-approval process involves much of the same documentation and information that you'll need to provide when you apply for a mortgage. This means that you'll already have much of the paperwork out of the way, making the final mortgage approval process smoother and faster.
<br />In conclusion, getting <a href="https://www.sharonblackrealty.com/buyers/mortgage-pre-approval/" target="_blank">pre-approved</a> for a mortgage before shopping for a home can provide many benefits. You'll know your budget, gain a competitive edge, avoid disappointment, save time, and be able to close faster. By taking this important step, you'll be better equipped to find your dream home and make the buying process smoother and less stressful.2023-05-05T06:43:23-07:002023-05-29T13:40:17-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5362The Pros and Cons of Renting Out Your Property: What You Need to Know<img src="https://assets.site-static.com/userfiles/1985/image/pexels-ivan-samkov-8962254-min.jpg" width="5472" height="3648" />
As a real estate agent, one of the questions I hear most frequently from property owners is whether they should rent out their property or sell it. While there are certainly benefits to both options, it's important to weigh the pros and cons of renting out your property before making a decision. Here's what you need to know:
Pros of Renting Out Your Property
Steady Income: Renting out your property can provide you with a steady stream of rental income each month, which can help offset your mortgage payments or provide extra cash flow.
Tax Benefits: There are several tax benefits to renting out your property, including deductions for mortgage interest, property taxes, and repairs and maintenance.
Long-Term Investment: Renting out your property can be a great long-term investment, especially if property values in your area are likely to appreciate over time.
Flexibility: Renting out your property can give you more flexibility if you need to move or relocate, as you can choose to rent out your property and generate income rather than selling it.
<br />Cons of Renting Out Your Property<br /><br />
Property Management: Renting out your property requires a significant amount of time and effort to manage tenants, collect rent, and maintain the property.
Tenant Issues: Dealing with tenant issues such as late rent payments, property damage, and eviction can be stressful and time-consuming.
Property Maintenance: As a landlord, you are responsible for maintaining the property, which can be costly and time-consuming.
Market Risks: The rental market can be unpredictable, and there is always a risk that you may have trouble finding tenants or that your rental income may decrease.
<br />Before deciding to rent out your property, it's important to carefully consider these pros and cons and determine whether renting out your property is the right choice for you. Working with a professional property management company can also help ease the burden of property management and tenant issues.<br /><br />
In summary, renting out your property can be a great way to generate rental income and build long-term wealth, but it also comes with its fair share of challenges and risks. By weighing these pros and cons and carefully considering your options, you can make an informed decision about whether renting out your property is the right choice for you.2023-05-04T04:36:16-07:002023-11-15T12:48:37-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5358Discovering Savannah, GA: Your Guide to Relocating with Sharon Black Realty
Welcome to our video showcasing the beautiful city of Savannah, GA, and its surrounding areas! If you're considering moving Savannah Ga., we invite you to take a closer look at all that Savannah has to offer. We'll highlight some of the best features of Savannah and the surrounding areas, from its rich history and beautiful architecture to its vibrant arts and culture scene. . If you're thinking about making a move to Savannah, we encourage you to consider working with <a href="https://www.sharonblackrealty.com/">Sharon Black Realty</a> as your real estate company. Our experienced agents are here to help you find your dream home in this wonderful city. Thank you for watching, and we hope you enjoy this video! 2023-05-03T12:11:04-07:002023-05-04T04:35:08-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5349 Discovering Your Ideal Neighborhood: Key Factors to Consider When Relocating
<img src="https://assets.site-static.com/userfiles/1985/image/unnamed_1.jpg" width="1620" height="1080" />Relocating to a new area can be an exciting but overwhelming experience. One of the most important aspects of a successful move is finding the right neighborhood that meets your needs and lifestyle. Here are some key factors to consider when discovering your ideal neighborhood:<br /><br />
Location<br />Location is one of the most critical factors to consider when choosing a new neighborhood. It's essential to consider the proximity of the neighborhood to your workplace, schools, medical facilities, and other amenities. You'll also want to think about the distance to your family and friends, as well as the overall safety of the area.<br /><br />
Cost of Living<br />Before deciding on a neighborhood, it's essential to consider the cost of living. Factors like property taxes, home prices, and utility costs can significantly impact your overall living expenses. Make sure to research the cost of living in your desired neighborhood to ensure it fits your budget.<br /><br />
Amenities<br />The availability of amenities in a neighborhood can play a significant role in determining whether it's the right fit for you. Consider the proximity of grocery stores, restaurants, parks, and shopping centers. You'll also want to think about the availability of public transportation, access to highways, and other conveniences that are important to your lifestyle.<br /><br />
Schools<br />If you have children, it's crucial to consider the quality of the schools in the neighborhood. Research the school district and check the school ratings to ensure that the schools in the area meet your expectations. You may also want to consider the distance to schools and the availability of extracurricular activities.<br /><br />
Community<br />Finally, consider the community of the neighborhood. Are there events and activities that you can participate in? Is the neighborhood diverse and inclusive? Consider whether the community aligns with your values and interests.<br /><br />
In conclusion, finding your ideal neighborhood is crucial to a successful relocation. By considering these key factors, you can make an informed decision about which neighborhood will best meet your needs and lifestyle. As a real estate agent, I am happy to assist you in your search for your perfect neighborhood.
2023-05-01T12:42:26-07:002023-05-01T12:46:43-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:534710 Essential Spring Lawn Maintenance Tips for a Lush and Beautiful Yard<img src="https://assets.site-static.com/userfiles/1985/image/pexels-anna-shvets-5231236-min.jpg" width="6240" height="4160" alt="Rolling out sod in a yard" />
Spring is here, and that means it's time to start thinking about lawn maintenance. If you want a lush, beautiful yard this year, there are a few essential tips that you should follow. In this blog post, we'll share 10 spring lawn maintenance tips that will help you achieve the perfect yard.<br /><br />
Rake the Leaves<br />Start by raking up any leaves and debris that have accumulated over the winter. This will help to prevent mold and other problems from developing in your lawn.
Aerate the Soil<br />Aerating your soil is an important step in promoting healthy grass growth. This involves poking small holes in the soil to allow air, water, and nutrients to penetrate the roots.
Seed Bare Spots<br />If you have any bare spots in your lawn, now is the time to seed them. Choose a high-quality grass seed that is appropriate for your region and follow the instructions carefully.
Fertilize<br />Spring is the perfect time to fertilize your lawn. Look for a high-quality fertilizer that is designed specifically for grass and follow the instructions carefully.
Water Regularly<br />Regular watering is essential for promoting healthy grass growth. Water your lawn deeply and infrequently, rather than giving it frequent shallow waterings.
Mow Regularly<br />Keep your lawn mowed regularly, but be careful not to cut it too short. A good rule of thumb is to never remove more than one-third of the grass blades at a time.
Edge the Lawn<br />Edging your lawn will give it a clean, polished look. Use a string trimmer or edging tool to create a defined edge around the perimeter of your lawn.
Control Weeds<br />Weeds can quickly take over your lawn if left unchecked. Use a weed killer or manually pull them out to keep your lawn looking its best.
Maintain Your Tools<br />Make sure your lawn maintenance tools are in good working order. Sharpen the blades on your mower and trimmer, and make any necessary repairs.
Hire a Professional<br />If you're not confident in your lawn maintenance skills, consider hiring a professional to help. A professional lawn care service can help you achieve the perfect yard without the hassle.<br /><br />
By following these 10 essential spring lawn maintenance tips, you can achieve a lush and beautiful yard that you can be proud of. Remember to be patient and consistent, and your efforts will pay off in the form of a healthy and thriving lawn.2023-05-01T06:49:39-07:002023-05-01T07:04:34-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5316103 Salt Grass Circle Richmond Hill GA. 31324
Welcome to your dream home in Dunham Marsh! <a href="https://www.sharonblackrealty.com/property-search/detail/242/286366/103-salt-grass-circle-richmond-hill-ga-31324/">103 Salt Grass Circle Richmond Hill, GA.</a> This stunning property boasts an array of features that will leave you in awe. As you step inside, you'll notice the elegant ceramic tile flooring that looks just like real wood, creating a warm and inviting atmosphere.
The open floor plan allows for seamless flow between the living areas, perfect for entertaining guests. The gourmet kitchen is a chef's delight, complete with high-end appliances, ample storage space, and a large island that doubles as a breakfast bar. The separate formal dining room is ideal for hosting dinner parties or family gatherings.
The owner's luxury suite is conveniently located on the main floor and offers a peaceful retreat away from the other bedrooms upstairs. You'll love the spacious walk-in closet, double vanities, separate shower, and luxurious soaker tub that's perfect for unwinding after a long day.
Upstairs, you'll find three more bedrooms and a hall bathroom, providing plenty of space for family or guests. The bonus room comes complete with a private full bathroom, which can serve as a 5th bedroom, home office, or media room.
This home is situated on a private lot that overlooks a canopy of trees, providing a serene and picturesque view. You'll enjoy the privacy and seclusion that this property offers, with no neighbors behind you.
As a resident of this community, you'll have access to a variety of amenities, including a fishing pond with a dock, zero-entry pool, fitness center, clubhouse, and park. Whether you're looking to relax or stay active, there's something for everyone.
Don't miss this opportunity to make this stunning property your own! Contact us today to schedule a showing.
2023-04-24T07:13:05-07:002023-06-05T11:50:11-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5098A Recession Historically Brings Lower Rates2023-02-09T12:53:22-07:002023-04-14T14:58:12-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5097Consider a Condo as a first-time Homebuyer
If you’re looking to buy your first home, you may want to consider condos. Let’s connect to explore your options.2023-02-09T12:46:12-07:002023-02-09T12:52:56-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5078Terms for Home Buyers to KnowKey Terms To Know When Buying a Home
<img width="1046" height="2684" src="https://files.mykcm.com/2023/01/11164544/Key-Terms-To-Know-When-Buying-A-Home-MEM-1046x2684.png" class="attachment-entry size-entry wp-post-image" alt="Key Terms To Know When Buying a Home [INFOGRAPHIC] | MyKCM" loading="lazy" srcset="https://files.mykcm.com/2023/01/11164544/Key-Terms-To-Know-When-Buying-A-Home-MEM-1046x2684.png 1046w, https://files.mykcm.com/2023/01/11164544/Key-Terms-To-Know-When-Buying-A-Home-MEM-234x600.png 234w, https://files.mykcm.com/2023/01/11164544/Key-Terms-To-Know-When-Buying-A-Home-MEM-399x1024.png 399w, https://files.mykcm.com/2023/01/11164544/Key-Terms-To-Know-When-Buying-A-Home-MEM-768x1971.png 768w, https://files.mykcm.com/2023/01/11164544/Key-Terms-To-Know-When-Buying-A-Home-MEM-599x1536.png 599w, https://files.mykcm.com/2023/01/11164544/Key-Terms-To-Know-When-Buying-A-Home-MEM-798x2048.png 798w, https://files.mykcm.com/2023/01/11164544/Key-Terms-To-Know-When-Buying-A-Home-MEM-100x257.png 100w, https://files.mykcm.com/2023/01/11164544/Key-Terms-To-Know-When-Buying-A-Home-MEM.png 1300w" sizes="(max-width: 1046px) 100vw, 1046px" /><br /><br />
Some Highlights
<a href="https://www.simplifyingthemarket.com/2023/01/06/tips-to-reach-your-homebuying-goals-in-2023-infographic/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="Buying a home" target="_blank" rel="noopener noreferrer">Buying a home</a> is a major transaction that can seem even more complex when you don’t understand the <a href="https://blog.firstam.com/15-real-estate-terms-you-should-know" title="terms" target="_blank" rel="noopener noreferrer">terms</a> used throughout the process.
If you’re looking to become a homeowner this year, it’s important to know these housing <a href="https://www.ftc.gov/sites/default/files/documents/one-stops/real-estate-competition/realestateglossary.pdf" title="terms" target="_blank" rel="noopener noreferrer">terms</a> and how they relate to the current market so you feel confident throughout the homebuying process.
Let’s connect so you have <a href="https://www.simplifyingthemarket.com/2022/12/27/confused-about-whats-going-on-in-the-housing-market-lean-on-a-professional/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="expert answers" target="_blank" rel="noopener noreferrer">expert answers</a> for any questions as they come up.
2023-02-04T11:27:22-07:002023-02-04T11:31:55-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5077You May Not Need as Much as You Think for Your Down PaymentYou May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]
<img width="1046" height="1917" src="https://files.mykcm.com/2023/02/01164441/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-MEM-1046x1917.png" class="attachment-entry size-entry wp-post-image" alt="You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC] | MyKCM" loading="lazy" srcset="https://files.mykcm.com/2023/02/01164441/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-MEM-1046x1917.png 1046w, https://files.mykcm.com/2023/02/01164441/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-MEM-327x600.png 327w, https://files.mykcm.com/2023/02/01164441/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-MEM-559x1024.png 559w, https://files.mykcm.com/2023/02/01164441/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-MEM-768x1408.png 768w, https://files.mykcm.com/2023/02/01164441/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-MEM-838x1536.png 838w, https://files.mykcm.com/2023/02/01164441/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-MEM-1117x2048.png 1117w, https://files.mykcm.com/2023/02/01164441/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-MEM-100x183.png 100w, https://files.mykcm.com/2023/02/01164441/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-MEM.png 1300w" sizes="(max-width: 1046px) 100vw, 1046px" /><br /><br />
Some Highlights
Many people believe you need to <a href="https://www.simplifyingthemarket.com/2023/01/03/wondering-how-much-you-need-to-save-for-a-down-payment/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="put down 20%" target="_blank" rel="noopener noreferrer">put down 20%</a> of the purchase price when you buy a home. But recent homebuyers actually put down <a href="https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers" title="far less" target="_blank" rel="noopener noreferrer">far less</a> on their purchase.
And with programs like <a href="https://www.fhaloans.com/" title="FHA loans" target="_blank" rel="noopener noreferrer">FHA loans</a>, <a href="https://www.benefits.va.gov/homeloans/index.asp" title="VA loans" target="_blank" rel="noopener noreferrer">VA loans</a>, and <a href="https://www.rd.usda.gov/newsroom/news-release/usda-rural-home-loans-offer-100-financing-and-no-down-payment" title="USDA loans" target="_blank" rel="noopener noreferrer">USDA loans</a>, some qualified buyers are able to put down as little as 0-3.5%.
Let’s connect to make sure you have a trusted lender and can find out if you’re <a href="https://www.simplifyingthemarket.com/2022/12/26/financial-fundamentals-for-first-time-homebuyers/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="ready to buy" target="_blank" rel="noopener noreferrer">ready to buy</a> a home sooner rather than later.
2023-02-04T11:12:44-07:002023-02-04T11:27:12-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5076Should You Rent Your House or Sell It?Should You Rent Your House or Sell It?
<img width="750" height="410" src="https://files.mykcm.com/2023/01/31112703/should-you-rent-your-house-or-sell-it-KCM.jpg" class="attachment-entry size-entry wp-post-image" alt="Should You Rent Your House or Sell It? | MyKCM" loading="lazy" srcset="https://files.mykcm.com/2023/01/31112703/should-you-rent-your-house-or-sell-it-KCM.jpg 750w, https://files.mykcm.com/2023/01/31112703/should-you-rent-your-house-or-sell-it-KCM-600x328.jpg 600w, https://files.mykcm.com/2023/01/31112703/should-you-rent-your-house-or-sell-it-KCM-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of <a href="https://www.simplifyingthemarket.com/2023/01/23/want-to-sell-your-house-price-it-right/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="selling" target="_blank" rel="noopener noreferrer">selling</a> it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll <a href="https://theharrispoll.com/wp-content/uploads/2022/12/State-of-Real-Estate-December-2022.pdf" title="survey" target="_blank" rel="noopener noreferrer">survey</a>, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.
Owning a short-term rental can be a tempting idea, but you may find the reality of being responsible for one difficult to take on. Here are some of the challenges you could face if you rent out your house instead of <a href="https://www.simplifyingthemarket.com/2023/01/26/why-it-makes-sense-to-move-before-spring/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="selling" target="_blank" rel="noopener noreferrer">selling</a> it.
A Short-Term Rental Comes with Responsibilities
Successfully owning and renting a house takes work. Think through your ability to make that commitment, especially if you plan to use a platform that advertises your rental listing. Most of them have specific requirements hosts have to meet, and it takes a lot of work. A recent article from Bankrate <a href="https://www.bankrate.com/real-estate/should-i-sell-or-rent-my-house/" title="explains" target="_blank" rel="noopener noreferrer">explains</a>:
“Managing a rental property can be time-consuming and challenging. Are you handy and able to make some repairs yourself? If not, do you have a network of affordable contractors you can reach out to in a pinch? Consider whether you want to take on the added responsibility of being a landlord, which means screening tenants and fielding issues, among other responsibilities, or paying for a third party to take care of things instead.”
Not only is there the upfront time and cost of owning a short-term rental, but there are also risks that could come up for you down the road. Investopedia <a href="https://www.investopedia.com/articles/personal-finance/021815/how-make-money-airbnb-risks-rewards.asp" title="warns" target="_blank" rel="noopener noreferrer">warns</a>:
“Risks of hosting include renting your place to rude guests, theft or damaged property, complaints from neighbors, and potential regulatory violations depending on your location.”
There’s a lot to consider before taking the leap and converting your house into a short-term rental. If you aren’t ready for the work it takes, it could be wiser to <a href="https://www.simplifyingthemarket.com/2023/01/30/where-will-you-go-if-you-sell-you-have-options/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="sell" target="_blank" rel="noopener noreferrer">sell</a> instead.
Your House May Not Be Ideal for Your Rental Goals
Not every house ends up being a profitable short-term rental either. One of the biggest factors is where your home is located. The less likely your neighborhood is to be a travel destination, the fewer requests you should expect from potential renters—and that impacts your bottom line. An article from the National Association of Realtors (NAR) <a href="https://www.nar.realtor/magazine/broker-news/network/what-your-clients-need-to-know-about-short-term-rentals" title="advises" target="_blank" rel="noopener noreferrer">advises</a>:
“When it comes to the viability of profitable STRs . . . consider factors like location, amenities, and whether the property is appealing. Most people seek STRs in locations where they vacation, so proximity to attractions is important. Likewise, the property should cater to a variety of travelers.”
It’s smart to do your homework and learn how much rentals in your area go for, how much business they get throughout the year, and how this compares to your goals.
Bottom Line
Converting your home into a short-term rental isn’t a decision you should make without doing your research. To decide if selling your house is a better alternative, let’s connect today.
2023-02-04T11:10:34-07:002023-04-14T15:28:16-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5075Why It Makes Sense To Move Before SpringWhy It Makes Sense To Move Before Spring
<img width="750" height="410" src="https://files.mykcm.com/2023/01/25112149/why-it-makes-sense-to-move-before-spring-KCM.jpg" class="attachment-entry size-entry wp-post-image" alt="Why It Makes Sense To Move Before Spring | MyKCM" loading="lazy" srcset="https://files.mykcm.com/2023/01/25112149/why-it-makes-sense-to-move-before-spring-KCM.jpg 750w, https://files.mykcm.com/2023/01/25112149/why-it-makes-sense-to-move-before-spring-KCM-600x328.jpg 600w, https://files.mykcm.com/2023/01/25112149/why-it-makes-sense-to-move-before-spring-KCM-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.
Spring Should Bring a Wave of Buyers to the Market
In most years, the housing market goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while spring sees a surge of buyers begin their search. And experts project that this year will be no exception.
Right now, buyer demand is low due to a combination of normal seasonal trends and a reaction to last year’s rise in mortgage rates. But rates have started to come down since last November, which has more and more potential buyers planning to jump into the market. That means right now is a sweet spot if you’re in a good position to buy, before more buyers reappear. Affordability is beginning to improve, but demand is still low — for now. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), <a href="https://www.housingwire.com/articles/existing-home-sales-ended-the-year-with-a-whimper-in-2022/" title="shares" target="_blank" rel="noopener noreferrer">shares</a>:
“. . . expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.”
If you’re ready to buy a home, right now is the best time to do so before your competition grows and more buyers enter the market.
Today’s Sellers Are Motivated
Low demand from buyers often means sellers are more motivated to work with you, and that can set you up to buy a home on your terms. In fact, sellers have been more willing to <a href="https://www.simplifyingthemarket.com/2022/12/14/you-may-have-more-negotiation-power-when-you-buy-a-home-today/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="negotiate" target="_blank" rel="noopener noreferrer">negotiate</a> this winter because there are fewer buyers in the market. According to a recent article from <a href="https://www.forbes.com/sites/brendarichardson/2023/01/05/a-record-share-of-home-sellers-gave-concessions-to-buyers-in-the-4th-quarter/?sh=58dc6ba3fbee" title="Forbes" target="_blank" rel="noopener noreferrer">Forbes</a>:
“. . . sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter of last year.”
But keep in mind, the advantages buyers have this winter won’t last forever. The competition you face could be greater if you wait until spring to make a move, and increased buyer demand means sellers will have less motivation to negotiate with you. Be sure to work with a trusted real estate professional to learn what you can expect in your local market right now.
Bottom Line
If you’re in a good position to make a move, it may make sense to move before spring. Working with your team of expert real estate advisors is the best way to learn about the current market and what it means for you. Let’s connect today to determine the best plan to achieve your homebuying goals.
2023-02-04T11:09:04-07:002023-02-04T11:10:28-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5074Why You Shouldn’t Fear Today’s Foreclosure HeadlinesWhy You Shouldn’t Fear Today’s Foreclosure Headlines
<img width="750" height="410" src="https://files.mykcm.com/2023/01/24115337/why-you-shouldnt-fear-todays-foreclosure-headlines-kcm.jpg" class="attachment-entry size-entry wp-post-image" alt="Why You Shouldn’t Fear Today’s Foreclosure Headlines | MyKCM" loading="lazy" srcset="https://files.mykcm.com/2023/01/24115337/why-you-shouldnt-fear-todays-foreclosure-headlines-kcm.jpg 750w, https://files.mykcm.com/2023/01/24115337/why-you-shouldnt-fear-todays-foreclosure-headlines-kcm-600x328.jpg 600w, https://files.mykcm.com/2023/01/24115337/why-you-shouldnt-fear-todays-foreclosure-headlines-kcm-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the <a href="https://www.simplifyingthemarket.com/2023/01/10/the-truth-about-negative-home-equity-headlines/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="stories" target="_blank" rel="noopener noreferrer">stories</a> in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s <a href="https://www.simplifyingthemarket.com/2023/01/11/todays-housing-market-is-nothing-like-15-years-ago/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="happening today" target="_blank" rel="noopener noreferrer">happening today</a>. Here’s a deeper look.
According to the <a href="https://www.attomdata.com/news/market-trends/foreclosures/attom-year-end-2022-u-s-foreclosure-market-report/" title="Year-End 2022 U.S. Foreclosure Market Report" target="_blank" rel="noopener noreferrer">Year-End 2022 U.S. Foreclosure Market Report</a> from ATTOM, foreclosure filings are up 115% from 2021, but down 34% from 2019. As media headlines grab onto this 115% increase, it’s more important than ever to put that percentage into context.
While the number of foreclosure filings did more than double last year, we need to remember why that happened and how it compares to more normal, pre-pandemic years in the market. Thanks to the forbearance program and other relief options for homeowners, foreclosure filings were down to record-low levels in 2020 and 2021, so any increase last year is — no surprise — a jump up. Rick Sharga, Executive VP of Market Intelligence at ATTOM, <a href="https://www.attomdata.com/news/market-trends/foreclosures/attom-year-end-2022-u-s-foreclosure-market-report/" title="notes" target="_blank" rel="noopener noreferrer">notes</a>:
“Eighteen months after the end of the government’s foreclosure moratorium, and with less than five percent of the 8.4 million borrowers who entered the CARES Act forbearance program remaining, foreclosure activity remains significantly lower than it was prior to the COVID-19 pandemic. It seems clear that government and mortgage industry efforts during the pandemic, coupled with a strong economy, have helped prevent millions of unnecessary foreclosures.”
Clearly, these options meant millions of homeowners could stay in their homes, allowing them to get back on their feet during a very challenging period. With home values rising at the same time, many homeowners who may have found themselves facing foreclosure under other circumstances were able to leverage their equity and sell their houses rather than face foreclosure, and that trend continues today.
And remember, as the graph below shows, foreclosures today are far below the record-high 2.9 million that were reported in 2010 when the housing market crashed.
<a href="https://files.mykcm.com/2023/01/24115339/us-foreclosure-activity-doubles-annually-but-still-below-pre-pandemic-levels-MEM.png" target="_blank" rel="noopener noreferrer"><img class="aligncenter wp-image-107043" src="https://files.mykcm.com/2023/01/24115339/us-foreclosure-activity-doubles-annually-but-still-below-pre-pandemic-levels-MEM.png" alt="Why You Shouldn’t Fear Today’s Foreclosure Headlines | MyKCM" width="600" height="450" /></a>
So, while foreclosures are rising, keeping perspective in mind is key. As Bill McBride, Founder and Author of Calculated Risk, <a href="https://calculatedrisk.substack.com/p/the-housing-bubble-and-mortgage-debt-76d" title="noted" target="_blank" rel="noopener noreferrer">noted</a> just last week:
“The bottom line is there will be an increase in foreclosures over the next year (from record low levels), but there will not be a huge wave of distressed sales as happened following the housing bubble. The distressed sales during the housing bust led to cascading price declines, and that will not happen this time.”
Bottom Line<br />
Right now, putting the data into context is more important than ever. While the housing market is experiencing an expected rise in foreclosures, it’s nowhere near the crisis levels seen when the housing bubble burst, and that won’t lead to a crash in <a href="https://www.simplifyingthemarket.com/2023/01/20/whats-really-happening-with-home-prices-infographic/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="home prices" target="_blank" rel="noopener noreferrer">home prices</a>.
2023-02-04T11:05:16-07:002023-02-04T11:08:58-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:5073The 3 Factors That Affect Home AffordabilityThe 3 Factors That Affect Home Affordability
<img width="750" height="410" src="https://files.mykcm.com/2023/01/23111137/the-3-factors-that-affect-home-affordability-KCM.jpg" class="attachment-entry size-entry wp-post-image" alt="The 3 Factors That Affect Home Affordability | MyKCM" loading="lazy" srcset="https://files.mykcm.com/2023/01/23111137/the-3-factors-that-affect-home-affordability-KCM.jpg 750w, https://files.mykcm.com/2023/01/23111137/the-3-factors-that-affect-home-affordability-KCM-600x328.jpg 600w, https://files.mykcm.com/2023/01/23111137/the-3-factors-that-affect-home-affordability-KCM-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to <a href="https://www.simplifyingthemarket.com/2023/01/09/what-experts-are-saying-about-the-2023-housing-market/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="experts" target="_blank" rel="noopener noreferrer">experts</a>, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, <a href="https://www.corelogic.com/intelligence/u-s-home-price-insights-january-2023/" title="shares" target="_blank" rel="noopener noreferrer">shares</a>:
“. . . with slowly improving affordability and a more optimistic economic outlook than previously believed, the housing market could show resilience in 2023.”
The three measures used to establish home affordability are home prices, mortgage rates, and wages. Here’s a closer look at each one.
1. Mortgage Rates
<a href="https://www.simplifyingthemarket.com/2023/01/17/think-twice-before-waiting-for-3-mortgage-rates/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="Mortgage rates" target="_blank" rel="noopener noreferrer">Mortgage rates</a> shot up to over 7% last year, causing many <a href="https://www.simplifyingthemarket.com/2023/01/02/what-are-your-goals-in-the-housing-market-this-year/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="buyers" target="_blank" rel="noopener noreferrer">buyers</a> to put their plans on hold. But things are looking different today as rates are starting to come down. George Ratiu, Senior Economist at realtor.com, <a href="https://www.realtor.com/news/trends/mortgage-rates-are-sliding-could-they-fall-below-6-soon/" title="explains" target="_blank" rel="noopener noreferrer">explains</a>:
“Let’s celebrate some good news. . . . mortgage rates are down. With inflation showing a tangible slowdown, I do expect mortgage rates to follow suit in the months ahead.”
Even a small change in rates can impact your purchasing power. Nadia Evangelou, Director of Forecasting for the National Association of Realtors (NAR), gives this <a href="https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-january-12-2023" title="context" target="_blank" rel="noopener noreferrer">context</a>:
“With a 6% rate instead of 7%, buyers pay about $2,700 less every year on their mortgage. As a result, owning a home becomes affordable to about 1.4 million more renters and 4.3 million more homeowners.”
If 7% rates paused your homebuying plans last year, this could be the <a href="https://www.simplifyingthemarket.com/2022/12/19/mortgage-rates-are-dropping-what-does-that-mean-for-you/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="opportunity" target="_blank" rel="noopener noreferrer">opportunity</a> you need to get back in the game. Be sure to work with a team of experts who know the latest on mortgage rates and can give you the best advice for the current market.
2. Home Prices
The second factor at play is home prices. Home prices have made headlines over the past few years because they skyrocketed during the pandemic. When discussing home prices in 2023, Lawrence Yun, Chief Economist at NAR, <a href="https://www.nar.realtor/magazine/real-estate-news/2023-real-estate-forecast-market-to-regain-normalcy" title="says" target="_blank" rel="noopener noreferrer">says</a>:
“After a big boom over the past two years, there will essentially be no change nationally . . . Half of the country may experience small price gains, while the other half may see slight price declines.”
So, while prices will likely be flat this year in some markets, others could see small gains or slight declines. It all depends on your local area. For insight into what’s happening in your market and how prices are impacting affordability, reach out to a trusted real estate professional.
3. Wages
The final component in the affordability equation is wages. The graph below uses <a href="https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm#%E2%80%8B" title="data" target="_blank" rel="noopener noreferrer">data</a> from the Bureau of Labor Statistics (BLS) to show how wages have increased over time:
<a href="https://files.mykcm.com/2023/01/23134805/american-wage-growth-since-2000-MEM-1.png" target="_blank" rel="noopener noreferrer"><img class="aligncenter wp-image-107030" src="https://files.mykcm.com/2023/01/23134805/american-wage-growth-since-2000-MEM-1.png" alt="The 3 Factors That Affect Home Affordability | MyKCM" width="600" height="450" /></a>
When you think about affordability, remember the full picture includes more than just mortgage rates and prices. Wages need to be factored in as well. Because wages have been rising, many <a href="https://www.simplifyingthemarket.com/2023/01/04/avoid-the-rental-trap-in-2023/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="buyers" target="_blank" rel="noopener noreferrer">buyers</a> have renewed opportunity in the market.
While affordability hurdles are not completely going away this year, based on current trends and projections, 2023 should bring some sense of relief to homebuyers who have faced growing challenges. As Mike Fratantoni, Chief Economist at the Mortgage Bankers Association (MBA), <a href="https://finance.yahoo.com/news/real-estate-ceos-economists-other-113600300.html" title="says" target="_blank" rel="noopener noreferrer">says</a>:
“Rates are expected to move lower for the year, and home price growth is expected to cool, both of which will help affordability challenges.”
Bottom Line
If you have questions, let’s connect. You’ll also want to make sure you have a trusted lender so you can explore your financing options. You may be closer to <a href="https://www.simplifyingthemarket.com/2022/12/26/financial-fundamentals-for-first-time-homebuyers/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="owning a home" target="_blank" rel="noopener noreferrer">owning a home</a> than you think.
2023-02-04T11:01:29-07:002023-05-29T10:21:20-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2993What’s the Difference between an Appraisal and a Home Inspection?What’s the Difference between an Appraisal and a Home Inspection?
<img width="750" height="410" src="https://files.mykcm.com/2021/01/25122555/20210126-KCM-Share.jpg" class="attachment-entry size-entry wp-post-image" alt="What’s the Difference between an Appraisal and a Home Inspection? | MyKCM" loading="lazy" srcset="https://files.mykcm.com/2021/01/25122555/20210126-KCM-Share.jpg 750w, https://files.mykcm.com/2021/01/25122555/20210126-KCM-Share-600x328.jpg 600w, https://files.mykcm.com/2021/01/25122555/20210126-KCM-Share-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
If you’re planning to buy a home, an <a href="https://cdn.nar.realtor/sites/default/files/documents/valuation-appraisal-for-homebuyers-12-2020.pdf" title="appraisal" target="_blank" rel="noopener noreferrer">appraisal</a> is an important <a href="https://www.simplifyingthemarket.com/2020/12/04/the-path-to-homeownership-infographic/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="step" target="_blank" rel="noopener noreferrer">step</a> in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. It’s also a different step in the process from a home inspection, which assesses the condition of the home before you finalize the transaction. Here’s the breakdown of each one and why they’re both important when buying a home.
Home Appraisal
The National Association of Realtors (NAR) <a href="https://www.nar.realtor/appraisal-valuation/residential-appraisal-process-for-home-buyers" title="explains" target="_blank" rel="noopener noreferrer">explains</a>:
“A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised! An appraiser will observe the property, analyze the data, and report their findings to their client. For the typical home purchase transaction, the lender usually orders the appraisal to assist in the lender’s decision to provide funds for a mortgage.”
When you apply for a mortgage, an unbiased appraisal (which is required by the lender) is the best way to confirm the value of the home based on the sale price. Regardless of what you’re willing to pay for a house, if you’ll be using a mortgage to fund your purchase, the appraisal will help make sure the bank doesn’t loan you more than what the home is worth.
This is especially critical in today’s <a href="https://www.simplifyingthemarket.com/2020/12/10/why-it-makes-sense-to-sell-your-house-this-holiday-season/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="sellers’ market" target="_blank" rel="noopener noreferrer">sellers’ market</a> where low <a href="https://www.simplifyingthemarket.com/2021/01/14/why-right-now-may-be-the-time-to-sell-your-house/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="inventory" target="_blank" rel="noopener noreferrer">inventory</a> is driving an increase in <a href="https://www.simplifyingthemarket.com/2020/10/16/how-to-prepare-for-a-bidding-war-infographic/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="bidding wars" target="_blank" rel="noopener noreferrer">bidding wars</a>, which can push home <a href="https://www.simplifyingthemarket.com/2021/01/11/what-does-2021-have-in-store-for-home-values/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="prices" target="_blank" rel="noopener noreferrer">prices</a> upward. When sellers are in a strong position like this, they tend to believe they can set whatever price they want for their house under the assumption that competing buyers will be willing to pay more.
However, the lender will only allow the buyer to borrow based on the value of the home. This is what helps keep home prices in check. If there’s ever any confusion or discrepancy between the appraisal and the sale price, your trusted real estate professional will help you navigate any additional negotiations in the buying process.
Home Inspection
Here’s the key difference between an appraisal and an inspection. MSN <a href="https://www.msn.com/en-us/money/realestate/what-is-a-home-appraisal-everything-you-need-to-know/ar-BB17nckC?fbclid=IwAR2hDqkZowDqKWBcb7DxAI_iy37ONH_n3-B1XBOYdN0_resgnZr163iZ9j0" title="explains" target="_blank" rel="noopener noreferrer">explains</a>:
“In simplest terms, a home appraisal determines the value of a home, while a home inspection determines the condition of a home.”
The home <a href="https://www.simplifyingthemarket.com/2019/10/01/what-to-expect-from-your-home-inspection-2/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="inspection" target="_blank" rel="noopener noreferrer">inspection</a> is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transaction is final. Your real estate agent is a key expert to help you through this part of the process.
Bottom Line
The appraisal and the inspection are critical steps when buying a home, and you don’t need to manage them by yourself. Let’s connect today so you have the expert guidance you need to navigate through the entire homebuying process.
2021-02-02T07:47:00-07:002023-05-29T13:26:07-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2992Want to Build Wealth? Buy a Home This YearWant to Build Wealth? Buy a Home This Year.
<img width="750" height="410" src="https://files.mykcm.com/2021/02/01143538/20210202-KCM-Share.jpg" class="attachment-entry size-entry wp-post-image" alt="Want to Build Wealth? Buy a Home This Year. | MyKCM" loading="lazy" srcset="https://files.mykcm.com/2021/02/01143538/20210202-KCM-Share.jpg 750w, https://files.mykcm.com/2021/02/01143538/20210202-KCM-Share-600x328.jpg 600w, https://files.mykcm.com/2021/02/01143538/20210202-KCM-Share-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and other incremental expenses. Using these measurements, recent studies show that it’s still more <a href="https://www.simplifyingthemarket.com/2021/01/20/owning-a-home-is-still-more-affordable-than-renting-one/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="affordable" target="_blank" rel="noopener noreferrer">affordable</a> to own than rent in most of the country.
There is, however, another financial advantage to owning a home that’s often forgotten in the analysis – the wealth built through equity when you own a home.
Odeta Kushi, Deputy Chief Economist for First American, discusses this point in a recent blog post. She <a href="https://blog.firstam.com/economics/dont-overlook-the-benefit-of-equity-when-considering-whether-to-rent-or-own" title="explains" target="_blank" rel="noopener noreferrer">explains</a>:
“Once you include the equity benefit of price appreciation, owning made more financial sense than renting in 48 out of the 50 top markets, with the only exceptions being San Francisco and San Jose, Calif.”
What has this equity piece meant to homeowners in the past?
ATTOM Data Solutions, the curator of one of the nation’s premier property databases, just analyzed the typical <a href="https://www.attomdata.com/news/market-trends/home-sales-prices/attom-data-solutions-2020-year-end-u-s-home-sales-report/" title="home-price gain" target="_blank" rel="noopener noreferrer">home-price gain</a> owners nationwide enjoyed when they sold their homes. Here’s a breakdown of their findings:<a href="https://files.simplifyingthemarket.com/2021/02/01143542/20200202-MEM-Eng-1.jpg?a=504836-817d7b68fbe8d29c369fab8c661efa77" target="_blank" rel="noopener noreferrer"><img class="aligncenter wp-image-97243" src="https://files.mykcm.com/2021/02/01143542/20200202-MEM-Eng-1.jpg" alt="Want to Build Wealth? Buy a Home This Year. | MyKCM" width="600" height="450" /></a>The typical gain in the sale of the home (equity) has increased significantly over the last five years.
CoreLogic, another property data curator, also weighed in on the subject. According to their latest <a href="https://www.corelogic.com/insights-download/homeowner-equity-report.aspx" title="Homeowner Equity Insights Report" target="_blank" rel="noopener noreferrer">Homeowner Equity Insights Report</a>, the average homeowner gained $17,000 in equity in just the last year alone.
What does the future look like for homeowners when it comes to equity?
Here are the seven major home price appreciation forecasts for 2021:<a href="https://files.simplifyingthemarket.com/2021/02/01143540/20200202-MEM-Eng-2.jpg?a=504836-817d7b68fbe8d29c369fab8c661efa77" target="_blank" rel="noopener noreferrer"><img class="aligncenter wp-image-97242" src="https://files.mykcm.com/2021/02/01143540/20200202-MEM-Eng-2.jpg" alt="Want to Build Wealth? Buy a Home This Year. | MyKCM" width="600" height="450" /></a>The National Association of Realtors (NAR) just <a href="https://www.nar.realtor/newsroom/existing-home-sales-rise-0-7-in-december-annual-sales-see-highest-level-since-2006" title="reported" target="_blank" rel="noopener noreferrer">reported</a> that today, the median-priced home in the country sells for $309,800. If homes appreciate by 5% this year (the average of the forecasts), the homeowner will increase their wealth by $15,490 in 2021 through increased equity.
Bottom Line
As you make your plans for the coming year, be sure to consider the equity benefits of home price appreciation as you weigh the financial advantages of buying over renting. When you do, you may find this is the perfect time to jump into homeownership.
2021-02-02T07:34:00-07:002023-05-29T13:18:49-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2940Is This the Year to Sell My House?Is This the Year to Sell My House?
<img width="750" height="410" src="https://files.mykcm.com/2021/01/06164503/20200107-KCM-Share.jpg" class="attachment-entry size-entry wp-post-image" alt="Is This the Year to Sell My House? | MyKCM" loading="lazy" srcset="https://files.mykcm.com/2021/01/06164503/20200107-KCM-Share.jpg 750w, https://files.mykcm.com/2021/01/06164503/20200107-KCM-Share-600x328.jpg 600w, https://files.mykcm.com/2021/01/06164503/20200107-KCM-Share-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
If one of the questions you’re asking yourself is, “Should I sell my house this year?” consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. Here’s why.
According to the latest <a href="https://www.fanniemae.com/newsroom/fannie-mae-news/home-purchase-sentiment-dips-slightly-may-have-plateaued-now" title="Home Purchase Sentiment Index" target="_blank" rel="noopener noreferrer">Home Purchase Sentiment Index</a> from Fannie Mae, 57% of consumer respondents to their survey indicate now is a good time to buy a home, while 59% feel it’s a good time to sell one:
“The percentage of respondents who say it is a good time to sell a home remained the same at 59%, while the percentage who say it’s a bad time to sell decreased from 35% to 33%. As a result, the net share of those who say it is a good time to sell increased 2 percentage points month over month.”
As you can see, many still believe that, despite everything going on in the world, it is still a good time to sell a house.
Why is now a good time to sell?
There simply are not enough homes available to meet today’s <a href="https://www.simplifyingthemarket.com/2021/01/05/why-not-to-wait-until-spring-to-make-a-move/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="buyer demand" target="_blank" rel="noopener noreferrer">buyer demand</a>, and they’re selling just as quickly as they’re coming to the market. According to the National Association of Realtors (NAR), unsold inventory available today sits at a <a href="https://www.nar.realtor/newsroom/existing-home-sales-decrease-2-5-in-november" title="2.3-month supply" target="_blank" rel="noopener noreferrer">2.3-month supply</a> at the current sales pace, which is down from a 2.5-month supply from the previous month. This record-low inventory is not even half of what we need for a normal or neutral housing market, which should have a 6.0-month supply of unsold inventory to balance out.
With so few homes available for buyers to choose from, we’re in a true <a href="https://www.simplifyingthemarket.com/2020/12/10/why-it-makes-sense-to-sell-your-house-this-holiday-season/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="sellers’ market" target="_blank" rel="noopener noreferrer">sellers’ market</a>. Homeowners ready to make a move right now have the opportunity to negotiate the best possible contracts with buyers who are feeling the pull of intense competition when it comes to finding their dream home. Lawrence Yun, Chief Economist for NAR, <a href="https://www.nar.realtor/newsroom/pending-home-sales-slide-2-6-in-november" title="notes" target="_blank" rel="noopener noreferrer">notes</a> how quickly homes are selling right now, further confirming the benefits to sellers this season:
"The market is incredibly swift this winter with the listed homes going under contract on average at less than a month due to a backlog of buyers wanting to take advantage of record-low mortgage rates."
However, this sweet spot for sellers won’t last forever. As more homes are listed this year, this tip toward sellers may start to wane. According to Danielle Hale, Chief Economist at realtor.com, <a href="https://www.realtor.com/news/trends/housing-market-2021-forecast/" title="more choices" target="_blank" rel="noopener noreferrer">more choices</a> for buyers are on the not-too-distant horizon:
“The bright spot for buyers is that more homes are likely to become available in the last six months of 2021. That should give folks more options to choose from and take away some of their urgency. With a larger selection, buyers may not be forced to make a decision in mere hours and will have more time to make up their minds.”
Bottom Line<br />
If you’re ready to make a move, you can feel good about the current sentiment in the market and the advantageous conditions for today’s sellers. Let’s connect today to determine the best next step when it comes to selling your house this year.
2021-01-07T08:20:00-07:002023-05-29T13:14:02-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2715Buyers Are Finding More Space in the Luxury Home MarketBuyers Are Finding More Space in the Luxury Home Market
<img width="750" height="410" src="https://files.mykcm.com/2020/09/30115634/20201001-KCM-Share.jpg" class="attachment-entry size-entry wp-post-image" alt="Buyers Are Finding More Space in the Luxury Home Market | MyKCM" loading="lazy" srcset="https://files.mykcm.com/2020/09/30115634/20201001-KCM-Share.jpg 750w, https://files.mykcm.com/2020/09/30115634/20201001-KCM-Share-600x328.jpg 600w, https://files.mykcm.com/2020/09/30115634/20201001-KCM-Share-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market.
The Institute for Luxury Home Marketing (ILHM) <a href="http://blog.luxuryhomemarketing.com/september-luxury-market-report-summary-luxury-buyer-trends-for-fall-2020/" title="explains" target="_blank" rel="noopener noreferrer">explains</a>:
“With quarantine concerns still top of mind for many luxury buyers, we see large, sprawling estates making their comeback.
For instance, the last six months have seen a resurgence in the buying of mega mansions and estate-size homes – specifically properties that offer space (both inside and outside), separate home offices, gyms, and private amenities such as swimming pools, yoga studios, and recreation rooms.”
This was not the case at this time last year, as the most recent Luxury Market Report from ILHM <a href="https://www.luxuryhomemarketing.com/assets/LMR_NorthAmerica.pdf" title="emphasizes" target="_blank" rel="noopener noreferrer">emphasizes</a>:
“Exactly one year ago, we reported that demand for large properties, mega mansions, private estates, and luxury ranches had reduced significantly over the previous few years; especially from the younger generation of luxury property buyers.”
For today’s buyers looking for larger homes, steady increases in <a href="https://www.simplifyingthemarket.com/2020/09/24/home-equity-gives-sellers-options-in-todays-market/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="equity" target="_blank" rel="noopener noreferrer">equity</a> might be what makes a move possible. Leveraging home equity makes it easier to afford the down payment on a luxury home, and current low interest rates are making mortgage payments more <a href="https://www.simplifyingthemarket.com/2020/09/22/the-cost-of-a-home-is-far-more-important-than-the-price/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="affordable" target="_blank" rel="noopener noreferrer">affordable</a> than they have been in years. The report from ILHM also notes:
“Luxury real estate prices may continue to strengthen further into the third quarter, as the affluent continue to see large investment returns from the currently strong stock market.
Coupled with the low interest rates, the policies granting (and insisting) on working from home implemented by many employers, and the concerns of the pandemic, all translate to the affluent increasingly trading in their city lifestyle for a home that has it all.”
Clearly, today’s strong gains in home equity paired with record-low interest rates make fall a great time to move up into the luxury market to meet those changing needs.
Bottom Line
If you’re ready to gain some breathing room in a larger home, let’s connect so you have the guidance you need to find more space in the luxury home market.
2020-10-01T10:11:00-07:002023-05-29T13:09:52-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2344Five Tips for Funding a Vacation<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Vacay_Fund.jpg" width="2083" height="1177" />
There’s nothing quite like some well-earned time off in a fantastic new place, but vacations certainly don’t pay for themselves. Here are a few ideas for funding your next getaway.
1. The change jar: It’s not groundbreaking, but it works. Here’s an eye-opening stat: Putting $1.37 daily into your change jar adds up to $500 annually!
2. Sell your stuff: We all have some clutter that we don’t need and have been looking for an excuse to get rid of, and that stuff can be pretty valuable. Think of what might be in your attic or basement—baseball cards, furniture, etc. It’s not junk, but it’s not doing you any good, and someone might find it valuable.
3. Set up a dedicated savings account: You could do this in your current bank account or use one of several tailor-made online services for vacation savings. Has the money transferred directly from each paycheck so you’re always saving on schedule?
4. Get the kids involved: Vacations are even more expensive when you’ve got a family. If your kids get money from jobs, chores, or an allowance, ask them to put a little cash away for a vacation here and there—it could end up paying for a meal or a night in a hotel.
5. Volunteer: Your church or community center probably organizes low-cost vacations where you can visit a new place and do some good by giving back to the community.
2020-06-11T11:00:00-07:002023-05-31T13:52:19-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2360Five Apps for Easy Home Decorating<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Girl_on_Phone.jpg" width="2775" height="1841" />
Technology has made it easier than ever to bring your home decor ideas to reality. There are countless smartphone apps that help you plan a space or do some valuable comparative shopping. Here are five apps to use on your next decorating project. Most are available on both iOS and Android devices.
Color Capture: Ever see a color that would make for a perfect paint scheme? Benjamin Moore’s Color Capture app allows you to take a photo of anything and instantly get a matching paint color.
iHandyLevel: Hanging photos and artwork? Rather than searching through your toolbox for a level, you can use something that’s already in your pocket: Your phone. The iHandyLevel app functions just as well as a dedicated level, turning your phone into the ultimate picture-hanging companion.
LikeThatDecor: Let’s say you see the perfect Chesterfield sofa in a coffee shop, and you want to see where you could get one of your own. Use the LikeThatDecor app to take a photo of furniture and instantly see similar items from dozens of retailers.
IKEA Catalog: Forget about the nightmare of navigating the parking garage, showroom, and warehouse at your nearest IKEA. The IKEA Catalog app allows you to virtually place furniture in a room. If only there was an app for easy IKEA assembly!
<a href="https://www.designsponge.com/" target="_blank">Design</a><a href="https://www.designsponge.com/" target="_blank">Sponge</a>: DesignSponge is one of the best DIY and home decor websites out there. Now there’s an app that makes it easy to access all of their awesome content on your smartphone.2020-06-05T14:00:00-07:002023-05-29T13:00:50-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2361The Dirtiest Items in Your Home and How to Clean Them<img src="https://assets.site-static.com/userfiles/1985/image/melanie/home_Cleaning.jpg" width="1280" height="958" />
Of course, one of the dirtiest objects in anyone’s home is the toilet. But, that’s not the only place where dirt and germs accumulate.
Here are five other dirty places and suggestions for cleaning them.
Bath Towels - When you and your family dry off from your shower, your bath towel absorbs the water from your body. Then it sits all day breeding bacteria that thrive in warm, moist areas. Combat this issue by changing your bath towels out every two days and washing your dirty towels in hot water to kill anything living on them.
Shower Curtain - Shower curtains easily pick up bacteria the same way bath towels do. They also attract germs from the toilet if they are near each other. Clean your shower curtain by spraying it down with a bleach-based product. Spray the rings and rod, too. Also, when the shower curtain is beyond cleaning, replace it.
Doorknobs - Entryway and bathroom doorknobs are exposed to myriad germs daily. Thankfully, doorknobs are easy to clean. Wipe them down with antibacterial wipes regularly.
Window/Door Tracks - Window and door tracks are harbingers of dust and dirt. The grime that builds up can make you and your family ill. You can easily clean these areas by vacuuming out large pieces of debris and then spraying the stuck-on dirt with water, letting it loosen up and wiping it with a damp cloth.
Toothbrush Holders - Your toothbrush holder is likely teeming with germs and bacteria. Wash it with hot soapy water twice a week. If you can, run it through the dishwasher to ensure it gets clean and sterilized.
2020-06-02T09:00:00-07:002023-05-29T12:53:27-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2312Create an Evacuation Plan for Your Pets <img src="https://assets.site-static.com/userfiles/1985/image/dog_with_family.jpg" width="1000" height="826" />
Create an Evacuation Plan for Your Pets. An evacuation plan is a necessity for every home, especially if you live in an area where fires, earthquakes, hurricanes, flooding, and other disasters are a possibility. Many homeowners create evacuation plans for their homes and practice them with their kids, but far fewer have considered one for their pets. Take these steps to add your pets to your evacuation plan.
Assign pet evacuation to an adult. Everyone should know how to act during an evacuation, and that includes assigning one parent or adult to the pets. This allows the other parent and the children to focus on their part of the evacuation plan, so there’s no confusion during a high-stress moment when time is of the essence.
Keep evacuation maps and pet carriers readily accessible. If you need to evacuate, you should know exactly where every important item is. If you pets require carriers, keep them in a place that you can access easily.
Practice your plan. Include your pets in your home evacuation drills. It’ll help you see how they will respond and make changes to your plan if necessary. Getting your dog out of a window may not be as simple as you think!
Be prepared in case you get separated from your pets. No matter how much you drill your evacuation plan, it’s possible that a dog or cat will run off while you’re focusing on keeping your family safe. A microchip or a GPS-compatible tag can help you find your pets once it’s safe to return to the area.
2020-06-01T12:30:00-07:002023-05-29T12:53:49-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2351How Your Daily Drive Time can Factor into Your Mortgage<img src="https://assets.site-static.com/userfiles/1985/image/melanie/traffic-jam.jpg" width="960" height="540" />
It’s easy to overlook some of the things that can affect your budget and purchasing power when you’re considering a home, and one of the biggest factors that buyers overlook is the cost of their daily commute.
We’ve all heard that real estate is all about “location, location, location,” and properties in more desirable locations typically come with a higher price tag than similar properties that aren’t in a hot neighborhood.
Yet the overall cost of living for choosing one location over another might be negligible when you factor in the commuting costs that are required—gas, vehicle maintenance, insurance—if you purchase a home that is significantly further from your workplace. If your mortgage is $200 less per month, but you’re spending an extra $200 in commuting costs, are you really saving money?
Commuting costs aren’t just about the disposable income left in your bank account, either. It can even affect how much money you can borrow. If you’re a long-distance commuter, a loan officer may factor your travel costs into your debt-to-income ratio.
Aside from how commuting affects your purchasing power or disposable income, there’s also the question of how it affects your quality of life—no one wants to spend hours a week just getting to and from work.
The real estate market varies greatly from location to location, so the best way to get a complete picture of your purchasing power—and all the factors that go into your home budget—is to speak to a trusted real estate professional.
2020-05-20T10:30:00-07:002023-05-29T12:37:31-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2355Which Down Payment Strategy is Right for You?<img src="https://assets.site-static.com/userfiles/1985/image/melanie/08b59830-c848-11e9-91cd-0330b9d34b2c-creative_strategies_to_save_for_your_down_payment-ogid-5970.jpg" width="610" height="361" />
You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders.
But there can actually be financial benefits to putting down a small down payment—as low as three percent—rather than parting with so much cash up front, even if you have the money available.
THE DOWNSIDE
The downsides of a small down payment are pretty well known. You’ll have to pay Private Mortgage Insurance for years, and the lower your down payment, the more you’ll pay. You’ll also be offered a lesser loan amount than borrowers who have a 20-percent down payment, which will eliminate some homes from your search.
THE UPSIDE
The national average for home appreciation is about five percent. The appreciation is independent from your home payment, so whether you put down 20 percent or three percent, the increase in equity is the same. If you’re looking at your home as an investment, putting down a smaller amount can lead to a higher return on investment, while also leaving more of your savings free for home repairs, upgrades, or other investment opportunities.
THE HAPPY MEDIUM
Of course, your home payment options aren’t binary. Most borrowers can find some common ground between the security of a traditional 20 percent and an investment-focused, small down payment. Your trusted real estate professional can provide some answers as you explore your financing options.
2020-05-20T06:00:00-07:002023-05-29T12:34:20-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2359Before You Take the Plunge with a Fixer-Upper, Think About Resale Value<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Front_Porch.jpg" width="1350" height="900" />
We’ve all watched the HGTV programs that show a run-down old house transforming into a dream home. Tackling a big renovation project on an outdated property can indeed pay off big—both with the home of your dreams, and with a return on investment. If resale value is a primary concern, consider these factors as you’re making your fixer-upper plans.
Is the price right?<br />How much can you invest in a home beyond the sale price while staying in line with the value of homes in the neighborhood? You don’t want to improve a home to the point that it’s worth far more than the norm for the area. You’ll enjoy the property while you’re living there, but if you ever decide to sell, your ROI could be limited by the market value of nearby houses.
Low cost, instant equity<br />There are a lot of low cost and DIY improvements that will add equity almost immediately, such as rehabbing the landscaping and adding fresh coats of paint. These improvements add value to the property almost instantly.
What’s worth spending on?<br />A little elbow grease goes a long way, but there will inevitably be projects that require some serious spending. If you’re concerned with getting a return on your investment, focus your dollars toward the roof, floors, and the home’s exterior. They’re not flashy upgrades, but they’re important for future buyers. On the other hand, luxuries like a swimming pool are unlikely to see any return on investment.2020-05-19T14:45:00-07:002023-05-29T12:56:30-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2328Sellers: Improving Your Curb Appeal Can Make A Huge Difference<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Before_After.jpg" width="627" height="1024" />
Curb appeal is a big factor for home buyers. The exterior of your home is the first thing buyers will see when they come to a showing or open house, and you want to make a great first impression. And even if you’re not selling your home, these are low-cost, low-time investment fixes that can make a big difference.
Fix landscaping eyesores<br />A brown, dead lawn—or an overgrown one—isn’t the best way to welcome buyers to your home. If your lawn is in need of repair, consider watering it regularly. If your grass is healthy, keep the lawn freshly mowed. An appealing lawn can be worth more than $1,500 in the final price of your home.
Shutters and siding<br />It’s easy to let your exterior walls fall into disrepair, or even to let them get a little dirty. A good scrubbing or power washing can make your siding look brand new, and you can touch up any major issues with some paint. The same goes for your shutters.
Add some living accents<br />So far we’ve covered fixing what’s broken. Next, it’s time to add a little personality. Planting flowers will add some much-needed color to an otherwise ordinary outdoor space. Potted plants will do the trick too, especially if you have a deck or patio that needs a little decorating.
Work on your walkway<br />The path to your front door should be inviting. A stone walkway from the driveway instantly upgrades your curb appeal. And if you’ve already taken care of that part, tidy up by removing weeds and debris, and then line the walkway with some subtle lighting. It’ll make your home look cozy and appealing, day or night.<br />2020-05-12T12:00:00-07:002023-05-29T12:26:00-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2356How to Lower Your Cable Bill<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Watching_tv.jpg" width="780" height="438" />
More and more people are cutting the cord and going without television service, but for many—especially those who watch a lot of live programming— cable is still a necessity. Cable and satellite companies love to sign customers to a two-year contract, but will dramatically raise your bill when a promotional period ends after one year. Suddenly, you’re paying $50 or more per month for the same services.
Here’s how to get (and keep) the best deals on television service.
Know what’s in store: Cable and satellite companies seemingly make it impossible to go online to downgrade your services, cancel service, or choose a new bundle. Even online chat support gives the cable company the upper hand. Picking up the phone and negotiating remains the best way to get the lowest price for your television service.
Knowledge is power: Before you call, do some research. Understand the terms of your current contract, see which bundles your cable provider is currently offering to new customers, and price out similar service offerings from other companies. You’ll be in a better bargaining position if you have the freedom to cancel on your current provider.
Make the call: Make it clear to the support representative that you are calling because your rates have increased and you’re considering cancelling if they cannot lower your bill. The support representative will initially try to offer higher-priced bundles or short-term freebies, but don’t give up on the negotiation—remember, you already know you can switch to another provider. If the sales representative won’t budge, you can even end the call, and try again with a different representative. In most cases, they would rather find a package that works than lose a customer.
2020-05-11T10:39:00-07:002023-05-29T10:44:47-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2338Thinking About Buying Soon? Make Sure Your Credit is in Order<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Good_Bad_Credit.jpg" width="696" height="464" />
When you're about to apply for a mortgage, improving your credit score is crucial. A good credit score can save you significant money, potentially thousands of dollars, over the loan's lifespan. Here are some steps you can take that will make a noticeable impact on your credit score:<br />- Pay off your credit card balances: Your credit utilization is a significant factor in determining your credit score. It should ideally be less than 30 percent of your limit and even better if it's below 15 percent. Credit utilization applies to both individual cards and your overall credit limit. You could use down payment funds to pay off your credit card balances.<br />- Do not cause any harm: If you plan to apply for a mortgage soon, it's best to avoid opening new lines of credit. Doing so will result in a hard inquiry appearing on your credit report.<br />- Address negative items: It's good practice to check your credit report a few times a year for negative things, such as collections or late payments. You can get free information annually from each of the three major bureaus (Experian, Equifax, and TransUnion). If you find any negative items, write a letter to the original creditor explaining the circumstances that led to it and request its removal from your report. Writing this letter can be surprisingly effective and improve your credit score quickly. You can find templates for request letters online.
2020-05-10T11:00:00-07:002023-05-29T12:19:14-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2357New Home, Better Living<img src="https://assets.site-static.com/userfiles/1985/image/melanie/hOUSE5.jpg" width="612" height="408" />
When you’re house hunting, focus on the things that will improve your quality of life.<br />
There are so many factors that go into a home buying decision that it can make your head spin—especially if you’re in a competitive market where time is of the essence. The desire to purchase a property makes it easy to look past issues that could detract from your enjoyment of the home and cause some regrets down the road. That’s why when you’re weighing your options, quality of life should always be the top priority.
Location is part of lifestyle<br />
Buyers often focus on “must haves” that can be added via renovation, but will downplay factors that are impossible to change. For example, if you work and spend much of your free time in the heart of a busy city, a house in the suburbs may mean more space for the same price, but it could also mean long commutes and a major hit to your nightlife. A centrally-located condo might be a better option.
On the other hand, if you’re a weekend warrior who looks forward to skiing, hiking, and mountain biking trips, living outside the city may be perfect—you’re that much closer to the trails when you wake up on Saturday morning. It’s a cliche, but it’s true: Location, location, location.
Big homes aren’t for everyone<br />
If you love entertaining friends and family, a big house makes perfect sense. You’ll have all the space you need to prepare meals and throw big parties, and your guests won’t have any trouble finding parking.
But a big home also means more cleaning and maintenance—more lawn to mow, more bathrooms to scrub, more things that will break and need fixing. Before you dive into an alluring big home, consider your tolerance and enthusiasm for the upkeep. For some, a smaller home or a professionally-maintained condo are better options.
<br /><br /><br />2020-05-10T08:05:00-07:002023-05-29T12:00:29-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2343Is A Bigger House Within Your Budget?
<img width="750" height="410" src="https://files.mykcm.com/2019/12/03083311/20191204-KCM-Share.jpg" class="attachment-entry size-entry wp-post-image" alt="Is A Bigger House Within Your Budget? | MyKCM" srcset="https://files.mykcm.com/2019/12/03083311/20191204-KCM-Share.jpg 750w, https://files.mykcm.com/2019/12/03083311/20191204-KCM-Share-600x328.jpg 600w, https://files.mykcm.com/2019/12/03083311/20191204-KCM-Share-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br />Many realize their homes are just not quite big enough to host all of their guests and loved ones. Are you one of those homeowners dreaming for a larger space to call home?
You may have enough equity in your current home to move up.
According to the <a href="https://www.attomdata.com/news/market-trends/attom-data-solutions-q3-2019-home-equity-underwater-report/" title="Q3 2019 U.S. Home Equity & Underwater Report" target="_blank" rel="noopener noreferrer">Q3 2019 U.S. Home Equity & Underwater Report</a> by ATTOM Data Solutions,
“14.4 million residential properties in the United States were considered equity rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.”
This means that one in four of the 54 million mortgaged homes in the U.S. have at least 50% equity. If these homeowners decide to sell, they can use their equity to put toward the purchase of a new home. Maybe you’ll be one of them.
NAR recently released their <a href="https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers" title="2019 Profile of Home Buyers and Sellers" target="_blank" rel="noopener noreferrer">2019 Profile of Home Buyers and Sellers</a> showing that,
“This year, home sellers cited that they sold their homes for a median of $60,000 more than they purchased it, up from $55,500 the year prior. This accounted for a 31 percent price gain, up from 29 percent the year before.”
Here’s the equity gain breakdown based on the number of years these sellers lived in their homes<a href="https://files.simplifyingthemarket.com/2019/12/03083237/20191204-MEM-ENG.jpg?a=504836-817d7b68fbe8d29c369fab8c661efa77" target="_blank" rel="noopener noreferrer"><img class="aligncenter wp-image-90522" src="https://files.mykcm.com/2019/12/03083237/20191204-MEM-ENG.jpg" alt="Is A Bigger House Within Your Budget? | MyKCM" width="600" height="450" /></a>
Bottom Line
If you’re one of the many homeowners with big dreams of owning a larger home, let’s get together. Working with a trusted advisor to find out how much equity you have is a great first step in putting your move-up plan in motion.
2020-05-10T06:40:00-07:002023-05-31T13:41:06-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:23262 Myths Holding Back Home Buyers
<img width="750" height="410" src="https://files.mykcm.com/2019/11/13051338/20191118-KCM-Share.jpg" class="attachment-entry size-entry wp-post-image" alt="2 Myths Holding Back Home Buyers | MyKCM" srcset="https://files.mykcm.com/2019/11/13051338/20191118-KCM-Share.jpg 750w, https://files.mykcm.com/2019/11/13051338/20191118-KCM-Share-600x328.jpg 600w, https://files.mykcm.com/2019/11/13051338/20191118-KCM-Share-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
In a recent article, <a href="https://blog.firstam.com/economics/dispelling-the-myth-of-the-20-percent-down-payment" title="First American" target="_blank" rel="noopener noreferrer">First American</a> shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals,
“Saving for a down payment is one of the biggest obstacles faced by first-time home buyers. Dispelling the 20 percent down payment myth could open the path to homeownership for many more.”
Myth #1: “I Need a 20% Down Payment”
Buyers often overestimate how much they need to qualify for a home loan. According to the same article:
“Americans still overestimate the qualifications needed to get a mortgage, resulting in qualified potential buyers not even considering homeownership. Indeed, the Urban Institute report revealed that 16 percent of consumers believed that the minimum down payment required by lenders is 20 percent or more, and another 40 percent didn’t know at all.”
While many potential buyers still think they need to put at least <a href="https://www.simplifyingthemarket.com/2019/02/05/one-more-time-you-do-not-need-20-down-to-buy-a-home/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="20% down" target="_blank" rel="noopener noreferrer">20% down</a> for the home of their dreams, they often don’t realize how many assistance programs are available with as little as 3% down. With a little research, many renters may actually be able to enter the housing market <a href="https://www.simplifyingthemarket.com/2019/04/29/how-quickly-can-you-save-your-down-payment/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="sooner" target="_blank" rel="noopener noreferrer">sooner</a> than they ever imagined.
Myth #2: “I Need a 780 FICO® Score or Higher”
In addition to down payments, buyers are also often confused about the <a href="https://www.simplifyingthemarket.com/2019/03/19/what-credit-score-do-you-need-to-buy-a-house/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="FICO® score" target="_blank" rel="noopener noreferrer">FICO® score</a> it takes to qualify for a mortgage, believing a ‘good’ credit score is 780 or higher.
To debunk this myth, let’s take a look at Ellie Mae’s latest <a href="https://static.elliemae.com/pdf/origination-insight-reports/EM_OIR_SEPTEMBER2019.pdf" title="Origination Insight Report" target="_blank" rel="noopener noreferrer">Origination Insight Report</a>, which focuses on recently closed (approved) loans.<a href="https://files.simplifyingthemarket.com/2019/11/13051307/20191118-MEM-ENG.jpg?a=504836-817d7b68fbe8d29c369fab8c661efa77" target="_blank" rel="noopener noreferrer"><img class="aligncenter wp-image-90307" src="https://files.mykcm.com/2019/11/13051307/20191118-MEM-ENG.jpg" alt="2 Myths Holding Back Home Buyers | MyKCM" width="600" height="450" /></a>As indicated in the chart above, 50.23% of approved mortgages had a credit score of 500-749.
Bottom Line
Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Believe it or not – your dream home may already be within your reach.
2020-05-09T12:05:00-07:002023-05-29T11:57:03-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2321Five Tips for Selling Your Home in a Hurry<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Home_for_sale.png" width="1621" height="1075" />
There are a lot of factors that will determine how quickly your house is sold, and it’s important to tackle the factors you can control. If you’re still living in your home while trying to sell it, these are a few simple ideas that can help speed up the home sale process.
1. De-clutter: Buyers want to step into a prospective home and imagine the possibilities. That’s a lot easier to do when a space is airy and clutter-free. Get rid of the clutter that’s just taking up space in your home, and it can totally transform how a buyer sees the property.
2. Offer an incentive: Don’t break the bank for add-ons that don’t make financial sense in the long run, but there are some reasonable expenses you can use to entice buyers, such as offering a home warranty.
3. Focus on flow: Now that you’re working toward a new home, it’s important to position your furniture for easy movement through the space, rather than how you personally like it arranged. Position your furniture so that it’s natural to flow from one room to the next.
4. Take care of your to-do list: There’s probably a list of small repairs that you’ve been putting off for a while, like fixing a dripping faucet or touching up paint on some walls. Make those repairs so that the home is more move-in ready for buyers.
5. Commit to cleanliness: Just like removing clutter, keeping your place clean can go a long way toward appealing to buyers. It’s especially true in the kitchen—no dishes in the sink or coffee rings on the countertops!<br /><br />2020-05-09T08:00:00-07:002023-05-29T11:42:39-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2320How an Agent Can Help Alleviate Stress<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Realtor_Showing_Property.jpg" width="1140" height="641" />
Purchasing a home can be a stressful experience, whether you’re a first-time buyer or you’ve been through the process before. But that’s one of the reasons that working with a real estate professional is so worthwhile. With your agent’s guidance, buying a home should be enjoyable, rather than stressful. Here are some of the more unique circumstances where your agent can make your life much easier.
Out-of-town buyers: If you’re looking for vacation homes or moving to a job in a new city, there’s a good chance that viewing homes will be difficult—you could be a long drive or even a plane ride away. With today’s video messaging apps like Skype or Facetime, your agent can walk you through a property virtually. It’s not the same as walking through in person, but it will at least give you an idea about whether a property is worth pursuing further.
When life is just too crazy: If you’re just getting too busy with everything else going on in your life, a good buyer’s agent should be able to recognize the situation and help you take a step back. They can suggest that you take a few weeks off from your home search to recharge, or only focus on properties that exactly fit your wants list.
Inspection issues: You’re dreaming about move-in day, and then some unforeseen issues turn up during inspection. A good agent can work out those issues by negotiating a lower offer—to cover costs of repairs—or by getting the seller to fix the problem.2020-05-08T14:15:00-07:002023-05-29T10:56:57-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2332The True Cost of Not Owning Your Home<img src="https://assets.site-static.com/userfiles/1985/image/Pictures/People/Family_On_Couch.jpg" width="750" height="410" />
There are great advantages to owning a home, yet many people continue to rent. The <a href="https://www.mykcm.com/2019/11/19/expert-advice-3-benefits-to-owning-a-home/" title="financial benefits">financial benefits</a> are just some of the reasons why homeownership has been a part of the long-standing American dream.
Realtor.com reported that:
“Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option…as people get more savings in their pockets, buying becomes the better option.”
Why is owning a home financially better than renting?
Here are the top 5 financial benefits of homeownership:
Homeownership is a form of forced savings.
Homeownership provides tax savings.
Homeownership allows you to lock in your monthly housing cost.
Buying a home is less expensive than renting.
No other investment lets you live inside of it.
Studies have also shown that a homeowner’s net worth is <a href="https://www.mykcm.com/es/2019/08/19/a-great-way-to-increase-your-familys-net-worth/" title="44x greater">44x greater</a> than that of a renter.
A family that purchased a median-priced home at the start of 2019 would build more than<br />$37,750 in family wealth over the next five years with projected price appreciation alone.
Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment – along with a profit margin!
Bottom Line
Owning a home has many social and financial benefits that cannot be achieved by renting. Let’s connect to determine if buying a home is your best move.2020-05-08T10:30:00-07:002023-05-29T11:34:55-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2337Which Features are Young Buyers Looking for in a Home?<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Millenials.jpg" width="750" height="400" />
Millennials are the second-largest segment of home buyers, ranking behind only baby boomers, according to the National Association of Realtors. Here are five features that tend to entice millennials who are looking to buy.
An up-to-date kitchen and bath<br />Younger buyers often have limited funds for renovations, so it’s important that they have functional and inviting bathroom and kitchen spaces from the very start.
An open floor plan<br />Having a formal dining room isn’t of particular importance to millennials, in fact, many prefer open spaces with no separation between kitchen, living room, and dining room. An open concept makes it easier to entertain everyone at once.
An office<br />More and more jobs are offering work-from-home options, and there are also plenty of freelancers and telecommuters among millennials. A dedicated space for getting some work done can be a key attraction.
Friendly location<br />With gas prices rising, many millennials prefer walking, biking, or public transit for their commutes. A great location is key.
Energy savings<br />Millennials are often more conscious of energy conservation and efficiency. Energy-efficient appliances, energy-efficient windows, and quality insulation can make a huge difference.2020-05-08T06:30:00-07:002023-05-29T11:28:03-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2339New Home? Here's How to Save<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Save_Money_at_Home.jpg" width="1080" height="675" />
Here are a few things new homeowners can do to save on energy and maintenance.
When you’ve just purchased a new home, there’s a ton on your mind. There’s moving, decorating, getting to know your new neighborhood, and more. Here are a few things that should be at the top of your to-do list, because they’ll save you a lot of money.
Check on your water heater<br />Set your water heater for 120 degrees Fahrenheit. This is plenty hot enough for bathing, washing dishes, and any other household use of hot water, so heating water above 120 degrees is a waste of energy and money. And if your water heater is an older model, it’s worthwhile to invest in a water heater blanket to keep it insulated.
Replace air filters<br />Sellers often put in a lot of cosmetic work to get the home move-in ready, but they often skip or forget about air filters in the HVAC system. Filters can be found at your local hardware store (just make sure to get the right size) and are easy to replace. Doing so will improve air flow and quality, and save on energy costs.
Get a smart thermostat<br />A smart thermostat, such as Nest, will cost you some money up front but is well worth the long-term savings. It’s programmable so that your AC and furnace run at lower levels when you’re not home, so you’re not wasting money to cool or heat an empty house.
Set up a space to air-dry clothes<br />Whether it’s a rack in your laundry room or a clothesline in the back yard, air-drying clothes is a big money saver over even the most energy-efficient dryers. Air-drying your garments will also help them last much longer.
Check for leaks and running toilets<br />A leaky faucet or a constantly-running toilet will use up water unnecessarily, and that’ll show up on your utility bill. And in the worst case, they’ll cause expensive water damage and mold.<br />2020-05-07T14:15:00-07:002023-05-29T11:23:00-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2342Millennials Are on the Move as First-Time Homebuyers
<img width="1046" height="1477" src="https://files.mykcm.com/2019/12/05064901/20191206-MEM-1046x1477.jpg" class="attachment-entry size-entry wp-post-image" alt="Is Your First Home Now Within Your Grasp? [INFOGRAPHIC] | MyKCM" srcset="https://files.mykcm.com/2019/12/05064901/20191206-MEM-1046x1477.jpg 1046w, https://files.mykcm.com/2019/12/05064901/20191206-MEM-425x600.jpg 425w, https://files.mykcm.com/2019/12/05064901/20191206-MEM-725x1024.jpg 725w, https://files.mykcm.com/2019/12/05064901/20191206-MEM-768x1084.jpg 768w, https://files.mykcm.com/2019/12/05064901/20191206-MEM-1088x1536.jpg 1088w, https://files.mykcm.com/2019/12/05064901/20191206-MEM-1451x2048.jpg 1451w, https://files.mykcm.com/2019/12/05064901/20191206-MEM-100x141.jpg 100w, https://files.mykcm.com/2019/12/05064901/20191206-MEM-1484x2095.jpg 1484w, https://files.mykcm.com/2019/12/05064901/20191206-MEM-scaled.jpg 1813w" sizes="(max-width: 1046px) 100vw, 1046px" /><br /><br />
Some Highlights:
According to NAR’s latest <a href="https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers" title="Profile of Home Buyers & Sellers" target="_blank" rel="noopener noreferrer">Profile of Home Buyers & Sellers</a>, the median age of all first-time homebuyers is 32.
With more millennials entering a homebuying phase of life, they are driving a large portion of the buyer appetite in the market, keeping buyer activity strong.
More and more “old millennials” (ages 25-36) are realizing that homeownership is now within their grasp, and they’re actively dominating the first-time homebuyer market!
2020-05-06T10:15:00-07:002023-05-29T11:13:31-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:23453 Mistakes to Avoid When Selling a Home in 2020
<img width="750" height="410" src="https://files.mykcm.com/2019/12/13100948/20191217-KCM-Share.jpg" class="attachment-entry size-entry wp-post-image" alt="3 Mistakes to Avoid When Selling a Home in 2020 | MyKCM" srcset="https://files.mykcm.com/2019/12/13100948/20191217-KCM-Share.jpg 750w, https://files.mykcm.com/2019/12/13100948/20191217-KCM-Share-600x328.jpg 600w, https://files.mykcm.com/2019/12/13100948/20191217-KCM-Share-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
It’s exciting to put a house on the market and to think about making new memories in new spaces, but we can have deep sentimental attachments to the homes we’re leaving behind, too. Growing emotions can help or hinder a sale, depending on how we manage them.
When it comes to the bottom line, homeowners need to know what it takes to avoid costly mistakes. Being mindful of these things and prepared for the process can help you avoid some of the most common mishaps when selling your house.
1. Overpricing Your Home
When <a href="https://www.simplifyingthemarket.com/2019/11/20/buyers-are-looking-now-are-you-ready-to-list-your-home/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="inventory" target="_blank" rel="noopener noreferrer">inventory</a> is low, like it is in the current market, it’s common to think buyers will pay whatever we ask for when we price our homes. Believe it or not, that’s far from the truth. Don’t forget that the buyer’s bank will send an appraisal to determine the fair value for your home. The bank will not lend more than what the house is worth, so be mindful that you might need to renegotiate <a href="https://www.simplifyingthemarket.com/2019/09/23/is-your-house-priced-to-sell-immediately/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="the price" target="_blank" rel="noopener noreferrer">the price</a> after the appraisal. A real estate professional will help you to set the true value of your home.
2. Letting Your Emotions Interfere with the Sale
Today, most homeowners have been living in their houses for an average of 10 years (as shown in the graph below):<a href="https://files.simplifyingthemarket.com/2019/12/13100841/20191217-MEM-ENG.jpg?a=504836-817d7b68fbe8d29c369fab8c661efa77" target="_blank" rel="noopener noreferrer"><img class="aligncenter wp-image-90616" src="https://files.mykcm.com/2019/12/13100841/20191217-MEM-ENG.jpg" alt="3 Mistakes to Avoid When Selling a Home in 2020 | MyKCM" width="600" height="450" /></a>This is several years longer than what used to be the norm, since many homeowners have been recouping from negative <a href="https://www.simplifyingthemarket.com/2019/08/14/the-benefits-of-growing-equity-in-your-home/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="equity" target="_blank" rel="noopener noreferrer">equity</a> situations over the past 10 years. The side effect, however, is when you live for so long in one place, you may get even more emotionally attached to your space. If it’s the first home you bought after you got married or the house where your children grew up, it very likely means something extra special to you. Every room has memories and it’s hard to detach from the sentimental value.
For some homeowners, that makes it even harder to negotiate, separating the emotional value of the home from the fair market price. That’s why you need a real estate professional to help you with the negotiations in the process.
3. Not Staging Your Home
We’re generally quite proud of our décor and how we’ve customized our houses to make them our own personalized homes, but not all buyers will feel the same way about your design. That’s why it’s so important to make sure you stage your home with the buyer in mind. Buyers want to envision themselves in the space, so it truly feels like their own. They need to see themselves in the space with their furniture and keepsakes – not your pictures and decorations. <a href="https://www.simplifyingthemarket.com/2019/03/22/20-tips-for-preparing-your-house-for-sale-this-spring-infographic-2/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="Stage" target="_blank" rel="noopener noreferrer">Stage</a> and <a href="https://www.simplifyingthemarket.com/2019/02/06/the-konmari-method-helping-you-prep-your-house-for-sale/?a=504836-817d7b68fbe8d29c369fab8c661efa77" title="declutter" target="_blank" rel="noopener noreferrer">declutter</a> your home so they can visualize their own dreams as they walk through your house. A real estate professional can help you with tips to get your home ready to stage and sell.
Bottom Line
Today’s seller’s market might be your best chance to make a move. If you’re considering selling your house, let’s get together to help you navigate through the process while avoiding common seller mistakes.
2020-05-05T13:29:00-07:002023-05-29T11:09:43-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:23334 Tips to Improve Your Home and Save on Your Energy Bill
<img width="750" height="410" src="https://files.mykcm.com/2019/10/01125734/20191002-Share-KCM.jpg" class="attachment-entry size-entry wp-post-image" alt="4 Tips to Improve Your Home and Save on Your Energy Bill | MyKCM" srcset="https://files.mykcm.com/2019/10/01125734/20191002-Share-KCM.jpg 750w, https://files.mykcm.com/2019/10/01125734/20191002-Share-KCM-600x328.jpg 600w, https://files.mykcm.com/2019/10/01125734/20191002-Share-KCM-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
As a homeowner, it’s important to keep your home running efficiently, not only to save money, but also to help the environment thrive. October 2nd is <a href="https://www.energyefficiencyday.org/" title="Energy Efficiency Day" target="_blank" rel="noopener noreferrer">Energy Efficiency Day</a>, a perfect time to think about making some key upgrades that will improve the efficiency of your home. If you’re looking to sell your house and increase the pool of potential buyers in your market, the upgrades below are truly a must.
According with <a href="https://wallethub.com/edu/energy-costs-by-state/4833/" title="Wallet Hub" target="_blank" rel="noopener noreferrer">Wallet Hub</a>,
“In the U.S., energy costs eat between 5 and 22 percent of families’ total after-tax income.”
What should you spend on utilities?
<a href="https://www.moneymanagement.org/blog/2018/08/how-much-should-you-be-spending-on-utilities-each-month" title="Money Management" target="_blank" rel="noopener noreferrer">Money Management</a> says,
“If you’re working with a budget, and trust me, you should be, your utility costs should be no more than 8-10 percent of your monthly income.”
How can you make your home more efficient?
<a href="https://www.energyefficiencyday.org/ways-to-save-on-your-next-energy-bill/" title="EnergyEfficiencyDay.Org" target="_blank" rel="noopener noreferrer">EnergyEfficiencyDay.Org</a> provides some handy tips that can help you improve the energy efficiency of your home. Here are a few simple ones to consider, and how to make them happen:
1. Make the Switch to LED
LEDs are a great example of how innovation and technology can make your life easier. They last at least 25 times longer and consume up to 90 percent less electricity than incandescent bulbs.
Tip: By switching five of your home’s most frequently used bulbs with ENERGY STAR® certified LEDs, it’s possible to save $75 on energy costs annually.
2. Seal Those Leaks
On average, heating and cooling account for almost half of a home’s energy consumption. In fact, all the little leaks can be equivalent to leaving open a 3-foot-by-3-foot window.
Tip: Take simple steps like caulking windows, sealing leaks around chimneys and recessed lighting, and sliding draft guards under your doors to save up to 20% on heating costs.
3. Heat and Cool Efficiently
Don’t waste money heating or cooling an empty home. Install a programmable thermostat and in colder weather schedule your home’s heat to lower when you are away or asleep and increase when you are returning home or waking-up. In warm weather, schedule the thermostat to raise the temperature when you are away or asleep, and lower it at other times.
Tip: Follow the U.S. Department of Energy recommended temperatures and be energy-efficient all year.
4. Maintain Your HVAC System
Make sure to clean or change your furnace filters regularly. A dirty furnace filter will slow down air flow, making the system work harder to keep you warm (or cool) and costing you more money.
Tip: Consider getting a winter tune-up. Just as a tune-up for your car can improve your gas mileage, a semi-annual or yearly tune-up of your heating and cooling system can be vital to improve efficiency, saving you money and making your home more comfortable.
Bottom Line
By making a few key upgrades to your home, you’ll save on your utility bills and improve the energy efficiency of your home. When you’re ready to sell your house, these key features will make it even more attractive to potential buyers. Let’s get together to discuss what buyers are looking for when it comes to energy efficiency options in our area.
2020-05-05T08:01:00-07:002023-05-29T12:57:29-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2362Home Staging Checklist<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Family_Room.jpg" width="1387" height="882" /> Did you know a staged home spends 72% less time on the market than a home that is marketed completely empty?
By staging your home when listing it for sale, buyers will be able to envision themselves in the furnished home and will be more likely to submit an offer!
<img src="https://assets.site-static.com/userfiles/1985/image/melanie/Home_Staging_Checklist.png" width="1545" height="2000" />2020-05-04T11:57:00-07:002023-05-29T12:57:15-07:00Tom Blacktag:sharonblackrealty.com,2012-09-20:2335Can Your Real Estate Agent Answer These Important Questions?
<img width="750" height="410" src="https://files.mykcm.com/2017/05/26104607/20170601-Share-STM.jpg" class="attachment-entry size-entry wp-post-image" alt="Can Your Real Estate Agent Answer These Important Questions? | MyKCM" srcset="https://files.mykcm.com/2017/05/26104607/20170601-Share-STM.jpg 750w, https://files.mykcm.com/2017/05/26104607/20170601-Share-STM-600x328.jpg 600w, https://files.mykcm.com/2017/05/26104607/20170601-Share-STM-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
Selecting the right <a href="https://www.sharonblackrealty.com/about/" target="_blank">real estate agent</a> ensures a smooth and successful home buying or selling experience. While many agents can provide guidance and industry knowledge, expecting more from them is crucial. The recent housing crisis has highlighted the complexities of the real estate market. Therefore, it's essential that your agent can offer expert answers to your questions to help you make informed decisions for your family. Whether it understands how mortgage interest rates affect buyer demand, predicts whether we're on the brink of another housing bubble due to the current rapid increase in home prices, clarifies whether a 20% down payment is mandatory for home purchase, or explains why listing your home at a higher price and lowering it later isn't a viable strategy, your chosen agent should be able to address all your concerns with confidence and clarity. So, when selecting an agent, choose wisely and opt for someone who can provide a deep understanding of the current housing market in simple terms.
2020-04-17T08:59:00-07:002023-05-29T12:56:59-07:00Tom Black