I hope all of you are safe and enjoying extra time with your family. I wanted to update you on how our local market is doing and my outlook on the current condition of our market from my business personally.
Changes in day to day operations:
Personally we have stopped doing open houses but we have not stopped selling or showing homes. Since the virus has thrown us all in a whirlwind, we have shown houses to four different buyers, have gotten two properties under contract and have had two closings. Both of these activities have changed. Closings are now taking place in cars in the attorney’s parking lot. Realtors and mortgage professionals have been asked to not attend closings. Showings are still taking place. I’ve been carrying hand sanitizer in pocket and use it every time I touch something in the house. I’ve been using my elbow to turn lights on and off and keep a six foot buffer between my clients and myself. I’ve found that only serious buyers are out shopping during this time and the tire kickers won’t risk getting sick just to view a house they don’t plan on buying. All of our listings that were on market last month have closed or are under contract and we have sellers getting two houses ready to list and should hit the market in the next few weeks. I believe these homes both will sell in the first week as the market is still experiencing a shortage of listings.
What I think the future holds:
I’ve heard many investors are waiting and watching hoping that the market turns for the worst and they can pick up houses at a discount. I’m not sure this is going to happen for us. We have...
Selling Your Home
We’ve all heard that we need to stage our home before selling but what exactly does that mean?
What is Staging?
The purpose of staging is to help create a mood for potential buyers and to show off all your homes greatest features. The things we do help to make your home feel bigger, warmer, cleaner, and in turn appealing to the highest number of potential buyers as possible.
Types of Staging
Depending on your home and your goals it can mean simply depersonalizing the home or it can mean a complete renovation. It can also sometimes mean furnishing some or all of a home, either physically or virtually.
Sometimes it also makes sense to have furniture and accessories brought in to a vacant space so buyers can get a sense of how their belongings will fit. There is typically an additional cost to the seller, the rental of the furniture.
In many cases even a vacant space doesn’t need to be filled and we can have virtual staging done. Photos are taken of the space and sent to a company we work with to virtually stage a few rooms. When this happens we like to focus on the rooms that are most important to buyers such as the living room, master bedroom, and kitchen. In fact, NAR’s 2019 Profile of Home Staging found that these three rooms are the most commonly staged rooms in a home.
The most common form of staging is what we call “Low Cost-High Impact”. This is when your qualified agent or their professional stager walks your home with you and makes suggestions for things that will yield a high impact but are often no to low cost.
Here is a typical list of Low Cost-High Impact suggestions:
Have you been thinking about selling your home soon?
Here are 5 tips to help you get ready!
It’s amazing how much stuff we accumulate over the years living in our home! Take the time to really go through everything and get rid of all that stuff you don’t want to move with you to your new home!
A good rule of thumb I always tell clients is to remove half to 2/3rds of items in your closets.
A great book for this is “The Life-Changing Magic of Tidying Up” by Marie Kondo.
Make Repairs and General Maintenance
Have you been putting off cleaning out the gutters? What about adjusting that leaky kitchen faucet? – Well’s now’s the time!
Your potential buyers will notice things in your home that need repairs and a lack of general maintenance is easily apparent once others start walking through your home.
Everyone lives differently so things that you don’t access often or think about might be exactly what that buyer is excited about. This means that just because you don’t use or care about one of your homes features doesn’t mean others won’t.
If you’re concerned about your home’s overall condition and the unknown you can always choose to do a pre-list inspection. The home inspector will go through your home from top to bottom and give you a list of everything from the very minor to anything major they find. Doing this in advance...
There’s dog etiquette for the dog park, on and off-leash walking, and public places, but who knew there was dog etiquette when it comes to selling your home? Luckily now you do, so you can use this guide to take the proper steps to ensure your home makes the first impression you need to get you one step closer to Louisville.
Besides, the sooner you get there the sooner you can leash up and explore the city. First, fuel up at one of the many dog-friendly restaurants nearby. While your food settles, take the tram through the Mega Cavern that goes under the city of Louisville or enjoy a glass of wine at Vines & Canines. Once you’re ready to up the activity, go for a casual stroll in Iroquois Park or let your pooch have some off-leash fun at Vettiner Dog Run.
For more information:
Visit rover.com to find a place to board your dog...
|Active Listings||New Listings||Sold Listings||Months Inventory|
|Aug - 2014||6||3||5||1.20|
|Jul - 2014||7||7||3||2.33|
|Jun - 2014||5||4||6||0.83|
|May - 2014||5||5||6||0.83|
|Apr - 2014||8||3||3||2.67|
|Mar - 2014||9||6||5||1.80|
|Feb - 2014||6||7||2||3.00|
|Jan - 2014...|
When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.
1. Begin with a Right-Sized Home.
If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset.
2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.
And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics not in use or turn off power strips to avoid phantom charges.
3. Install Efficient Lighting Such as Compact Flourescent (CLF) or LED Bulbs in Every Fixture.
Lighting accounts for about 6 percent of an energy bill each year.
4. Get an Energy Audit and Have Tests Performed to Identify Ways of Improving Your Efficiency.
You can always upgrade your heating, ventilation, and air conditioning (HVAC) system as well as your thermal envelope, which includes insulation, windows, and doors and the seals or weather stripping around them. Visit energy.gov/energytips for more tips....