Why Choose A Realtor To Sell Your Home

You’re thinking of selling your home but you don’t want to pay a Realtor.

A Realtor is a great asset to any home owner.

A Realtor comes with negotiation skills that most homeowners may not possess.

A Realtor comes into your home and is brutally honest with you about what you need to do to get the highest possible offer for your home. Realtors have knowledge on buyers and their preferences.

A Realtor has no emotional connection to your home and can negotiate with a buyer from a financial perspective versus an emotional perspective.

A Realtor spends their time marketing your home to prospective buyers. They do all your showings and open houses. They make sure that they are showing your home to buyers that are ready to buy and home buyers that can afford to buy right now

A Realtor can tell you what your home is worth. Realtors have access to data on each neighborhood , what homes are selling for and what they are appraising for. Most Realtors will give you a FREE CMA so take advantage of that and contact one today.

A Realtors takes care of all the paperwork involved in your real estate transaction. The Offer and the Negotiating Process. Inspections & Appraisals.

Contact a local Realtor for your free CMA

If you want to buy or sell a home, it’s important to know if it’s a buyer’s market or a seller’s market. Here’s how.

Buyers or sellers market

Buyer’s Market Definition

A buyer’s market occurs when the supply (available properties for sale) exceeds demand (the number of buyers seeking to purchase properties). If you’re buying a new home, a buyer’s market is the ideal time to make your move. You might be able to buy a great home for a lower cost than you would in a seller’s market.

If you’re trying to sell your property in a buyer’s market, your home may remain on the market longer before you’re able to secure a buyer due to the large number of available properties. You may also have to lower your listing price or make other concessions in order to secure a buyer.

Seller’s Market Definition

A seller’s market occurs when demand exceeds supply, or there are more buyers seeking to purchase properties than there are available homes on the market. This often leads to multiple buyers interested in a single property, resulting in bidding wars. A seller’s market is a fantastic time to sell your home as you could secure a sale price that’s higher than your listing price, or at least more than your bottom line (the lowest price you’d be willing to accept for your home).

If you’re buying a home in a seller’s market, be aware that the seller has the advantage. If other buyers are interested in the same property you’re making an offer on, trying to get a lower sale price probably won’t work to your advantage. In fact, you could lose the opportunity to purchase the property altogether if a competing buyer makes a higher offer. Seller’s markets are sometimes called “renter’s markets” for this reason; sometimes potential buyers need to keep renting until they can save up a higher down payment and compete with other buyers in the market.

What Is My House Worth?

How to Determine If It’s a Buyer’s Market vs. Seller’s Market

The real estate market goes up and down depending on the season. There are usually a lot more homes for sale in the summer months (June – August) than any other time of year. That means that it could be a seller’s market in the winter but a buyer’s market in the summer. Whether it’s a buyer’s market or a seller’s market also depends on the area. Cities with a lot of available jobs and growing industries will often be a seller’s market, while those with struggling economies will be a buyer’s market.

One way to determine if it’s a buyer’s market or a seller’s market is to look at inventory, or the number of homes for sale. If inventory is low, it is most likely a seller’s market. If the current level is below 0%, that means that there are fewer homes for sale now than during this time last year, and it could be a seller’s market in your area.

Buying & Selling in Different Types of Markets

A local real estate agent will be able to come up with a strategy for getting the best deal, whether it’s a buyer’s market or a seller’s market. If you’re selling, they’ll know how high of a price to ask for, and if you’re buying, they’ll know what you need to offer in order to compete with other potential homebuyers (or sway the homeowner to accept a lower price).

Article taken from Redfin.com

Best Light Bulbs

light bulbs

Although the old-fashioned incandescent bulb is on its way out, you have more lighting choices than ever before. And that means making decisions about price and energy efficiency. But don’t forget aesthetics.

If you wind up with lighting that’s harsh, flat, or unpleasant — like when you’re trying on bathing suits in a retail dressing room — it won’t matter that you got that LED on sale or that it lasts forever. You’ll wish it didn’t.

For most home lighting, your choice boils down to three options, from most to least expensive:

  • LEDs
  • Fluorescents (including CFLs)
  • Energy-efficient (halogen) incandescents, which meet the government’s new energy efficiency standards and aren’t being phased out.

Energy-efficient light bulbs are just one way to take back your energy bills.

So how do you choose?

Learn the New Light Bulb Language

Since January 1, 2012, the Federal Trade Commission has required a new “Lighting Facts” label. It was designed to help consumers break the habit of picking bulbs based on wattage to determine brightness. Now a metric called lumens is used for this task. Wattage only measures the amount of power a light bulb consumes.

Confused? Here’s an example: If you want to replace a 100-watt incandescent with an LED bulb and get the same brightness as the old bulb, you’d need a 27-watt LED bulb with an output of 1,600 lumens.

How to Read the New Label

While the new light bulb lingo sounds pretty complicated, it’s not once you get the gist. Here’s a breakdown of the “Lighting Facts” label:

Brightness: Here’s a quick tip: the brighter the light bulb, the higher the number. Standard bulbs range from 250 to 2,600 lumens.

Estimated Yearly Energy Cost: How does this add up? According to the U.S. Department of Energy, by upgrading 15 traditional incandescents in your home with energy-saving bulbs, you can save about $50 per year on your energy bill. Plus, energy-efficient bulbs produce about 75% less heat, so you may see additional savings when it comes to home cooling.

Life: The life of each bulb is estimated based on the usage described. Keep in mind that labels marked Energy Star meet strict energy efficiency guidelines set by the U.S. Environmental Protection Agency:
Energy Star LEDs use about 25% of the energy and can last about 25 times longer than traditional incandescents.

Energy Star CFLs use about 25% of the energy and last 10 times longer than a comparable traditional incandescent.

Light Appearance: Terms such as “soft white” don’t mean the same thing from brand to brand. To compare bulbs, you need to know their color temperature, which is measured in kelvins on a scale of 1,000 (the warmest — think candlelight) to 10,000 (the coolest — like a blue sky). LEDs, CFLs, and halogen incandescents all come in a wide range of color temperatures.

Here’s a quick kelvin breakdown for easy reference:

  • The 2700K to 3000K range is warm and inviting.
  • 3500K casts a neutral light.
  • 4100K casts a cool and bright light.
  • The 5500K to 6500K range is closest to daylight.

Energy Used: As we mentioned above, wattage now only measures energy usage, not brightness. So the lower the wattage, the less energy used.

Contains Mercury: Have no fear; only CFLs have a small amount of mercury, so you won’t see this if you are purchasing LEDs or energy-efficient (halogen) incandescents.

What’s Not on the Label?

Not all specs are covered on the FTC label.  So we suggest searching for bulbs online if you’re seeking something really specific. You can often find the necessary info on manufacturers’ websites. Stuff you can look for includes:

How well the bulb shows off colors and textures. This is the key to whether you’ll be satisfied with the quality of light you get. Look for the color rendering index (CRI), a measurement of 1 to 100. The higher the bulb’s score, the better.

Incandescent halogen bulbs score a perfect 100. CFLs and LEDs don’t fare as well as a group, although some individual bulbs get high scores.

How the bulb casts off its light (in technical terms, beam spread). Let’s say you use track lighting to highlight a piece of artwork. “If you want to light a 15-inch-by-9-inch picture on the wall, you don’t need a 4-foot-by-4-foot spread of light,” Witte says. “To be energy-efficient, match the beam spread with the task, putting light only where you need it.”

Buying the Best Bulb for the Job

The key to setting the mood is combining different sources to create pleasing layers of light, says lighting designer Rosemarie Allaire. So here are a few more features to keep in mind that will help simplify the bulb selection process.

Halogen incandescent: They give off the same quality of light as the old bulbs, but save 25% on energy costs. They do cost more than the originals, but less than LEDs or CFLs. Plus, “Incandescent light renders color and texture beautifully,” Allaire says.

LED: “LEDs don’t have the three-dimensional light quality that incandescents do, and I find them to be flat,” Allaire says. “They’re all over the map as far as color rendering goes, and they don’t dim well, so I don’t use them in living areas or for art lighting. But their long life is a big plus.” Tip: LEDs will continue to improve rapidly as technology advances. But for now, be sure to check the label for color rendering and color temperature before you buy.

CFLs: CFL lighting is diffuse, so its color rendering generally isn’t up to snuff compared with incandescents. But if you find a particular brand with a color temperature you like, CFLs can work nicely in drop-bowl fixtures and table lamps — places where air circulates freely around the bulb. CFLs don’t do well with too much heat buildup.

Article from houselogic.com

Laundry Rooms Rank Highest on Most Wanted Home Features List

laundry room

Nearly all home buyers – 91 percent – want a laundry room included in their home, more than any other home or community feature, according to NAHB’s report What Home Buyers Really Want (2019 Edition). The report is based on a national survey that asks recent and prospective home buyers (people who bought homes in the previous three years or are planning to do so in the next three years) about the features they want in a home and a community.

One question in the survey asks them to rank features using a four-tier scale of essential/must have, desirable, indifferent, and do not want. Figure 1 shows the top ten features with the highest combination of essential/must have (unlikely to buy a home without it) and desirable (would be seriously influenced to buy home if included). Not only does a laundry room top this list, but when ranking features solely by the essential/must have shares, a laundry room tops the list again with 54 percent of home buyers.

After a laundry room, the most wanted feature is ENERGY STAR windows, with 89 percent of home buyers rating it as essential/must have or desirable. It is important to note that two other ENERGY STAR-related features make the top ten list: ENERGY STAR appliances was rated essential/must have or desirable by 86 percent of home buyers and an ENERGY STAR rating for the whole home was rated essential/must have or desirable by 81 percent. The fact that these features made the top ten list indicates that energy efficiency is very important to home buyers.

Two other features on the top ten list are outdoor: 87 percent of home buyers want a patio and 85 percent want exterior lighting. Another theme present is the desire for spaces with organizational functionality: 85 percent view garage storage as essential/must have or desirable while 83 percent feel the same way about walk-in pantries. The other most wanted items include a ceiling fan (with an essential/desirable share of 85 percent), hardwood flooring (83 percent), and a double sink in the kitchen (81 percent).

Article taken from eyeonhousing.org

Fix Up Your Home or Sell It As Is?

So you’re thinking of selling your home, but the bathrooms look a bit worn and there are other areas like appliances that should be replaced. The biggest question is, should you spend the time and money to update the interior and exterior of your home? Or should you just sell the home as it is?

Many homeowners go overboard and spend too much time and money improving and fixing up their home before putting it on the market. It’s a good idea that if you know that you will be selling your home that you talk to a real estate agent. A realtor can tell you exactly what home improvements will give you the best return on your investment. Why spend time and money on home improvements that most buyers will never notice or will not give you the best return on your investment.

A Realtor has access to information about all homes for sale. We can do comparables and show homeowners exactly what their return can be for each home improvement project. Even if you plan on selling in December and it’s only January, get with a Realtor. This will save you time, and lots of money on home repairs that you shouldn’t do. Realtors will make sure that you make improvements to your home which will return the investment with a good profit. We can also give you advice about what colors most buyers are looking for in a home. So don’t hesitate to talk to a Realtor today.