An unexpected byproduct of the pandemic has been a booming housing market. As Covid-19 hit the country, the housing supply was already low, and the lockdown depressed the volume even more. As more homebuyers began looking for new homes, fueled by the ability to work-from-home and low interest rates, sellers have been experiencing a strong seller’s market. As we end 2021, however, signs may start to point to a market slowdown. Interest rates are starting to rise, and the higher home prices have discouraged potential buyers from purchasing. So, what does this mean for a seller this fall and wint ..read more

More than one seller has been surprised to find that their favorite chandelier is not theirs to take when they move. First-time home sellers might be especially confused when confronted with an exclusion form presented by their agent, but understanding what is, and is not included in the sale by statute is important to avoid disappointment on both sides. The first rule of thumb is to consider if the item is nailed down, bolted, mounted, or planted. This covers a wide range of items both inside and outside the home. This might seem simple enough, but the debate about what constitutes a “fixture ..read more

Tight labor markets are affecting industries across the country. Skilled and unskilled jobs remain unfilled as employers struggle to find prospective employees. For anyone ready to hire a contractor or handyman to perform home improvement projects, this shortage is causing frustration. As more people embrace the “staycation” and seek ways to upgrade their homes, many are finding few tradesmen to even come to provide estimates, much less schedule the work. If you are trying to find good people to help with home improvement projects, there are still a few ways to achieve your goals. Here are a f ..read more

The increase of pricing in the housing market and lack of inventory has left some potential homebuyers renting instead of purchasing. As a result, these renters may not just be viewing rentals as just a temporary steppingstone to homeownership and expect their rentals to have nicer amenities than in previous decades. If you’re a landlord, there are 8 amenities your rental should consider including: 1.Dishwasher Rentals without dishwashers may experience more turnover than those that include one. 2. Washer and Dryer–With all the great space-saver appliances on the market, there is no excuse no ..read more

Real estate markets across the country are experiencing a strong seller’s market right now. For potential sellers, this may be a golden opportunity to get top value for their property. While it may be tempting to aim for the sky when setting the listing price, that may not be your best option. Here are 3 pricing strategies to consider before deciding on your asking price. 1. Listing at Market Value Buyer’s love “realistic sellers.” After considering the market data for your area, choosing to list at the current market value can attract the right buyer and encourage a solid offer or two. Typi ..read more

Real estate prices across the country have increased dramatically in the past year. With increases in the 10-12% range, many potential homebuyers have given up and decided that homes are just too expensive to consider. While homes have become more expensive, it does not mean they are unaffordable. Would you believe that we are experiencing a historically favorable market for buyers when it comes to affordability? Why? This is because affordability involves more than just the purchase price of the home. When considering whether you can afford a home, you must include wage growth and interest r ..read more

Download It’s no secret that most of the country is experiencing a strong seller’s market. With more homebuyers than inventory, most sellers have been delighted to sell quickly and often with multiple offers. Yet, some homes are still sitting on the market and these sellers may be wondering why. Here are 7 reasons why your home listing is not selling: 1. Over confidence–While many homes are being snapped up on day one, this does not mean you can avoid the basics of good marketing, professional photos, and open houses. 2. Overpriced–In a seller’s market, home prices do advance, but a dramatica ..read more

We are spending more time at home than ever before. This impacts how we view and use our homes. If your home no longer fits your needs in this new environment, you may be considering a right-size move. The open floorplans and great room layouts that have been so popular over the past few years may not allow for the various workspaces your family needs now. Separate and private areas for work and school needs may require more rooms or nooks, causing you to wonder if a larger home makes sense. The fact is, before you buy a larger home, consider your long-term needs. Will the kids be returning to ..read more

Summer is here and you’re spending more time outdoors. For most of us, this still means primarily in our own backyards. Personal outdoor space has never been more popular and if yours could use a little sprucing up, here are the hottest trends for 2021. • Outdoor Kitchens – This trend is going nowhere. Ever since the first built-in BBQ showed up, homeowners have loved cooking outdoors. Choose from a simple pizza oven to a full chef’s set-up with multiple ovens, refrigerators, cooking spaces, and bar. • Edible Gardens – While home gardeners have enjoyed seasonal tomatoes and herb pots for decad ..read more

Buying or selling a home can be stressful, even in normal times. Right now, when the housing market is moving at a frenetic pace, both buyers and sellers are making quick decisions and are feeling extreme pressure. As the tension rises, it can be easy to overlook the end goal; right-sized home, relocation, dream home, etc. Try not to lose focus! Buyer Challenges Facing a very tight inventory of available properties, buyers have limited time to arrange to tour homes and knowing they must make a quick decision once they have. Buyers do not have the luxury of a second look or hesitation and often ..read more