Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Feb. 9, 2018

**Tips for Buying A Home**

CHECK OUT THE NEIGHBORHOOD

Before you buy, visit the neighborhood – drop by morning, noon, and night. Homebuyers can become distraught because they thought they found the perfect home, only to find out the neighborhood wasn’t for them. Drive by the house at all hours of the day to see what’s happening in the neighborhood. Do your regular commute from the house. Even if you don’t have kids, research the schools because it can affect the value of your home. If you buy a house in a good school district versus a bad school district even in the same town, it can make a difference.

Posted in Buying
Feb. 6, 2018

**Tips for Selling Your Home**


PRICE IT RIGHT FROM THE START

Sellers often think they should start the asking price high and then lower it later if it doesn't sell. This could result in a slower sale, sometimes even at a lower price. The first 30 days activity of your house being on the market is always the best, so don't scare prospective buyers (and agents) away!

 

Posted in Selling
Jan. 25, 2018

8 Things to Avoid on the Road to Buying a Home

Posted in Buying
Jan. 25, 2018

Sept 2017 Residential Market Report

Posted in Market Reports
Jan. 25, 2018

August 2017 Residential Market Report

Posted in Market Reports
Jan. 25, 2018

July 2017 Residential Market Report

Posted in Market Reports
Jan. 25, 2018

June 2017 Residential Market Report

Posted in Market Reports
Jan. 25, 2018

May 2017 Residential Market Report

Posted in Market Reports
Jan. 25, 2018

3 Key Ways to Prepare Your Home to Sell

 

 

 

Selling your home doesn′t just mean hiring a realtor to stick a sign out front. There are a lot of preparations you should make to ensure you get the best offer possible in the shortest time.

Repair.
Just because you’ve gotten used to the cracks in the walls and the rattles in the radiators doesn’t mean a buyer will too. If you have hardwood floors that need refinishing, be sure to get it done—hardwood is a huge selling point. Buyers like to snoop around, so be sure to fix any sticky doors or drawers as well. Finally, don’t forget to address any issues with the exterior—fences, shingles, sidewalks, etc. After all, without curb appeal, some buyers may never get to see the inside.

Neutralize.
You want buyers to see themselves in your home. If your living room has lime green shag, wood-paneled walls, and all your collectibles and personal photographs, this will be much harder for them to do. Try replacing any bold color choices in your floors and walls with something more neutral—beiges, tans, and whites. Repainting and reflooring will make everything look fresh and new, and help prospective buyers imagine all the possibilities.

Stage.
Once your house is clean and updated, it’s time to play dress up. Home stagers can add small details and décor touches that will bring out the possibilities in the various spaces in your home: lamps, mirrors, throw rugs and pillows, flowers, decorative soaps and towels, patio furniture. Home staging can be particularly useful if your home is especially old or if the exterior looks dated. Think of it as a little mascara and rouge—if it’s done right, you notice the beauty, not the makeup.

Posted in Selling
Jan. 25, 2018

5 Important Tips for Buying a Home

Looking to buy a home? Here are five essential tips for making the process as smooth as possible.

 

1. Get your finances in order.
Start by getting a full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, find a suitable lender and get pre-approved for a loan. This will put you in a better position to make a serious offer when you do find the right house.


2. Find a house you can afford.
As with engagement rings, there’s a general rule of thumb when it comes to buying a home: two-and-a-half times your annual salary. There are also a number of tools and calculators online that can help you understand how your income, debt, and expenses affect what you can afford. Don’t forget, too, that there are lots of considerations beyond the sticker price, including property taxes, energy costs, etc.

 

3. Hire a professional.
While the Internet gives buyers unprecedented access to home listings and resources, many aspects of the buying process require a level of expertise you can’t pick up from surfing the web. That’s why you’re better off using a professional agent than going it alone. If possible, recruit an exclusive buyer agent, who will have your interests at heart and can help you with strategies during the bidding process.

 

4. Do your homework.
Before making a bid, do some research to determine the state of the market at large. Is it more favorable for sellers or buyers? Next, look at sales trends of similar homes in the area or neighborhood. Look at prices for the last few months. Come up with an asking price that’s competitive, but also realistic. Otherwise, you may end up ticking off your seller.

  

5. Think long term.
Obviously, you shouldn’t buy unless you’re sure you’ll be staying put for at least a few years. Beyond that, you should buy in a neighborhood with good schools. Whether you have children or not, this will have an impact on your new home’s resale value down the line. When it comes to the house itself, you should hire your own home inspector, who can point out potential problems that could require costly repairs in the future.

Posted in Buying