Top 3 Home Improvements in 2017

Five Easy Fall Home Maintenance Tips (1)According the the National Association of Realtor’s 2017 Remodeling Impact Study, both realtors and home buyers listed the same top three items on the list of most impactful interior home improvements.  Even better, homeowners were happiest with the results after tackling the very same items.

I always tell my clients, unless you pan to sell in the next 12 months, do what makes you happy in your home and then worry about resale.  Looks like what homeowners enjoy living with and what brings value at resale are the same things!

About Michelle

I am a REALTOR in Northern Virginia and a 14 year resident (and cheerleader) of Loudoun County.  I take the time to get to know each unique client and community and they benefit from my unrivaled neighborhood knowledge. By bringing my personal touch, straight forward style and proactive marketing plan to the buying and selling process, I provide exceptional results to clients whether they are in Ashburn, Aldie, Broadlands, Leesburg, Purcellville, Potomac Falls, Reston or beyond (I can find you a great agent anywhere in the U.S, just ask!).

Sellers: Why FSBO Costs You

Selling your home on your own, especially in a hot market, might seem like a great way to save some money.  At the end of the day, the couple/few percent of your total sales price that you “save” really does cost you and adds stress to the process of selling your home you could have avoided.  When it comes down to it, FSBO properties just get lower and fewer offers resulting in a lower sales price.

fsbos-02Not to mention the expertise in negotiations and contracts that a Realtor brings to the table and those are often hard to put a dollar value on.  My advice – don’t mess around with what is likely your biggest investment.  Hire a professional and walk away with more money.  Now that is a win-win!

Sellers: First Impressions (Online) Matter

It’s not shocking that most home buyers find their home using the internet. What is shocking is how many sellers and listing agents don’t make the most of the internet. First impressions matter and, often times, your home’s first impression is made on the internet.

I only use professional HDR photos and have a proactive online marketing plan for each property so my sellers get the best exposure to potential buyers.

internet

 

The Other Costs of Home Buying & Selling

Home buying and selling costs go beyond just a listing price. A good realtor will run some numbers for you so you aren’t surprised by the other fees and taxes that go along with a closed transaction.

In fact, walking through a net cheet is a key part of my listing appointments because the last thing I want is for my clients to be surprised by any part of the home selling/buying process.

#MichelleSellsLoudoun

 

 

Sellers: Fall is a Great Time to Sell

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School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.

Here are five reasons why you should consider selling your house this fall: 

1. Demand Is Strong

The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market at 4.7-months.

This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this fall.

Also, as builders regain confidence in the market, new construction of single-family homes is projected to continue to increase over the next two years, reaching historic levels by 2017. Last month’s new home sales numbers show that many buyers who have not been able to find their dream home within the existing inventory have turned to new construction to fulfill their needs.

The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

Fannie Mae announced that they anticipate an acceleration in home sales that will surpass 2007’s pace. As the market heats up, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler. 

4. There Will Never Be a Better Time to Move Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.3% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

According to Freddie Mac’s latest report, you can also lock-in your 30-year housing expense with an interest rate around 3.46% right now. Interest rates are projected to increase moderately over the next 12 months. Even a small increase in rate will have a big impact on your housing cost.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire. 

That is what is truly important.