Buying this Spring? Be Prepared for Bidding Wars

Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year will be no different!

Buyers have already been out in force looking for their dream homes and more are on their way, but the challenge is that the inventory of homes for sale has not kept up with demand, which has lead to A LOT of competition for the homes that are available.

A recent Bloomberg article touched on the current market conditions:

“It’s the 2017 U.S. spring home-selling season, and listings are scarcer than they’ve ever been. Bidding wars common in perennially hot markets like the San Francisco Bay area, Denver and Boston are now also prevalent in the once slow-and-steady heartland, sending prices higher and sparking desperation among buyers across the country.”

Sam Khater, Deputy Chief Economist at CoreLogic went on to explain why buyers are flocking to the market in big numbers:

“In today’s market, many buyers think the trough in [interest] rates is over. If you don’t get in now, it’s just going to be worse later. Rates will be higher, prices will be higher, and maybe inventory selection will be lower.”

In some markets, “thirty-five percent of properties are selling within the first week or two of hitting the market.” Homes are selling at a rapid clip in places like:

  • Denver, CO
  • Seattle, WA
  • Oakland, CA
  • Grand Rapids, MI
  • Boise, ID
  • Madison, WI
  • Omaha, NE

Bottom Line

In today’s competitive atmosphere, you need a professional on your side who knows your exact market conditions and can help you take the steps you need to be able to secure your new home!

 

Posted by The KCM Crew

3 Outdoor Parties to Plan This Spring

Now that spring has officially sprung, and we’re busy looking ahead to the warmer days to come, it’s also time to start thinking about seasonal party plans. Spring is, in my opinion, the ultimate time of year for outdoor entertaining — it’s warm and sunny, but not so hot that your guests will be uncomfortable, and it’s cool enough at night to light up a fire or throw on a cozy sweatshirt.

And sure, simple barbecues and backyard gatherings are great, but when it comes to outdoor parties, getting a little creative can really pay off. So this year, throw a fete your friends and family will never forget with one of these fabulous (and simple!) ideas.

1. Homegrown Music Festival

iStock/wundervisuals

Instead of dropping hundreds of dollars and having to deal with hundreds (or thousands) of sweaty strangers, host your own low-key music festival. Create a Spotify playlist and invite your guests to add a few of their favorite tunes, that way you’ll have a personalized soundtrack to score the event. Set up a dedicated dance area in your yard’s sunniest spot to truly capture that festival feel (just make sure to stock up on sunscreen first).

2. Personalized Wine Tasting

iStock/courtneyk

Hitting up wineries is a popular spring activity, but actually finding a vineyard and getting your crew on the road can be an ordeal. So instead, have each of your guests commit to bringing a few of their favorite budget bottles, and let each person lead of tasting of their picks. Ask for the bottle names before if you can, that way you can prep a list of wines for each guest to take home.

3. Flower Crown Crafternoon

Kendall Peters

Fresh flowers are one of the best parts of spring, so why not get your best buddies together to craft flower crowns out of some beautiful blooms? Make sure to set up a selfie station too, because we all know flower crowns make the best Instagram bait.

 

Posted by Bridget Mallon on hgtv.com

 

5 Spring Cleaning Tips that Everyone Can Do in a Weekend

We love spring with all the blooms and warm weather that gets us outside. And we love that we are now opening our windows with some wonderful clean fresh scents from outside. As we have been cooped up for months in our homes, we now have the opportunity to get our homes sparkling. We have five simple spring cleaning tips that any homeowner can do this weekend. Let’s take a look at what these tips are and how you can get a sparkling house in just one weekend. 

Change out your winter bedding for spring bedding

Getting a good night’s sleep is oh so important. Your body temperature directly affects your ability for a good night’s sleep. When you remove your winter bedding and add those fresh crisp sheets, you have a luxurious bed to fall a sleep in. Throw the winter bedding in the wash, pack them away for next winter.

Launder your Bath Mats

Walk around your bathrooms, pick up any bath mats or bath rugs and throw them in the wash. Use a little scented detergent to add a little zest to your mats. These mats will feel good on your feet and smell great to boot in your bathrooms.

Vacuum your Draperies and Wipe Down Your Blinds

Quickly and gently use a vacuum extension and vacuum your draperies. Before you take this step, use a lint brush to first remove any lint and dust on the draperies. Once you have taken these two steps, you will see a fresh new set of draperies ready for clean sparkling windows.

Because you are at your windows, also wipe down or vacuum your blinds. Refer back to your manufacturers care instructions depending on the types of blinds you have installed. Some blinds like shutters, can be wiped down, while other blinds may need a vacuum or a blower on low heat to clean them.

Wipe Down your Baseboards, Doorways and Moldings

You may have baseboards, crown molding, and door molding that could use a wipe down after collecting dust all winter. Use a gentle disinfectant by spraying it on a rag and wipe down the molding areas in your home. You maybe on ladders, so be careful. And on floors, so watch your knees. But once these areas of your house are clean, you will have removed dust and grime that has accumulated throughout the winter.

Wipe down Light Switches, Doorknobs and Remote Controls

Each of these areas in your home, have hands that switch them on and off and open and close rooms. Hands that are dirty, oily and potentially full of bacteria. Spring is a great time to get rid of any germs that may have lingered from the winter to avoid any more illnesses that could come in the home.

With these simple spring cleaning tips, you can get your home in tip top shape, smelling fresh and happy!

 

Posted by HomeZada

4 Great Reasons to Buy This Spring!

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtorsare in unison, projecting that rates will increase by at least a half a percentage point this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage 

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

 

Posted by The KCM Crew

Spring Forward: The Difference An Hour Makes [INFOGRAPHIC]

Some Highlights:

  • Don’t forget to set your clocks forward this Sunday, March 12th at 2:00 AM EST in observance of Daylight Savings Time.
  • Unless of course, you are a resident of Arizona or Hawaii!
  • Every hour in the United States: 649 homes are sold, 177 homes regain equity (meaning they are no longer underwater on their mortgage), and the median home price rises $1.86!

Posted by The KCM Crew

Housing Market Expected to “Spring Forward”

KCM-Share-9

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows.

The National Association of Realtors (NAR) recently reported that the top 10 datessellers listed their homes in 2016 all fell in April, May or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2017, meet with a local real estate professional to evaluate the opportunities in your market.

 

Posted by The KCM Crew

10 Tips for Organizing an Irresistible Yard Sale

Whether you’re downsizing before a move or just unloading some unwanted goods, make your next yard sale a smashing success with this expert advice.

Shutterstock ID 346767128; PO: Cat Overman

Shutterstock ID 346767128; PO: Cat Overman

At some point, nearly all of us will organize or assist with a yard sale, garage sale, or estate sale. Whether you’re planning your own yard sale, or are pitching in to help run one, the key to yard sale success is drawing a crowd.

Some people make “yard sale-ing” the main activity of their Saturday morning. What entices them to stop their car and jump out to cruise a collection of used stuff? Understanding this will help you get traffic to your sale so people will snap up your unwanted items.

The three keys to a yard sale people can’t help stopping for are:

  • Stellar signage
  • Personalized presentation
  • Interesting inventory

Over the years, the quality of yard sales has diminished. Many folks simply open the garage door, lay a sheet on the ground and drag out dusty, cobwebbed items stored in the corners of the garage and attic for way too long. They stick a sign marked “Yard Sale” in the ground and hope for the best.

Shutterstock ID 281792402; PO: Cat Overman

Shutterstock ID 281792402; PO: Cat Overman

While that approach can work, it won’t give you top dollar, says author and garage sale expert Ava Seavey.

As long as you’re taking time out of your life to sell your used furniture, nearly new kitchen appliances, and sports equipment, why not try to get as much as you can for those items? A little class and some effort will definitely make the difference.

Keys to success

Here are Ava’s 10 tips for a successful yard sale:

  1. Offer at least 100 items or more for sale. People tend to drive on by when they don’t see enough inventory.
  2. Present an array of goods. All clothes and shoes or just kids’ items won’t give you the kind of traffic you need to generate cash. Get more people by supplying an interesting inventory.
  3. Use tables and tablecloths to display your more expensive items. The easier it is for your customers to shop, the more you will sell — and the classier your wares look, the more you can charge.
  4. Create tags or labels to individually price all items. This allows your yard sale helpers to actually help you without having to turn around and ask you for the price on every item. This personalized presentation makes it easier for buyers to make decisions and add up the purchases in their heads as they shop.
  5. Choose your sale’s date wisely. The majority of yard sales and garage sales are held in the spring, and the best day of the week for a sale is Friday. Be sure, however, to avoid holidays and holiday weekends.
  6. Make sure you have outstanding signage. Signs should be double-sided to catch people driving in both directions. Write in big letters, and use as few words as possible. Always have an arrow on the sign pointing in the direction of the sale. The better the signs, the better the turn out.
  7. Wear an apron. It will help you stand out so buyers know who’s in charge when they want to negotiate prices or request that items be held for pick up at a later time.
  8. Stock your cash box. Take a trip to the bank in advance of the sale and get plenty of coins and dollar bills for change.
  9. Provide a way to carry items off. Declutter your closets and donate all the plastic bags and empty boxes to your yard sale. This has two advantages: It creates even more space in your home, and helps your customers carry their purchases to their car more easily.
  10. Prepare for leftovers to move on. At the end of the sale, be ready to take all leftover items to a charitable group, or arrange to have them picked up. The point of a yard sale is usually to declutter and make some money — not to bring back in the very items you’ve already determined could be let go.

Posted by Dorothy The Organizer on Zillow