If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!
Buyer Demand Continues to Outpace the Supply of Homes for Sale
The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory:
“Inventory coming onto the market during this year’s spring buying season– as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand.
That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”
The latest Existing Home Sales Report shows that there is currently a 4.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 6.1% lower than last year’s inventory level.
The chart below details the year-over-year inventory shortages experienced over the last 12 months:
Anything less than a six-month supply is considered a “seller’s market.”
Let’s get together to discuss the supply conditions in our neighborhood so that I can assist you in gaining access to the buyers who are ready, willing, and able to buy right now!
Posted by The KCM Crew
Ready to sell? Visit our website HERE to get started!
For first-time home buyers and seasoned homeowners alike, moving day is a major drag. Sure, it’s exciting to start the next chapter of your life in a brand-new place, but the process of moving is often a grueling, exhausting ordeal. Aside from having to sort through literally everything you own, you also have to deal with the physical side of moving: packing boxes, lifting furniture, and deep-cleaning your house.
So to make moving day as pain-free as possible, you’ll want to have specific household items at the ready.
“Move-in day can be pretty nerve-wracking; there’s a lot to do,” says Paul Travaglini, a real estate agent at Century 21 Seaport in Winthrop, MA. “My advice is to try to take it slow, and to make sure you have some necessities handy.”
We spoke with experts and rounded out the ultimate checklist of things you’ll appreciate having on moving day. These items will help you get settled sooner and ultimately make a smooth transition into your new home.
1. Bottled water and food
You are likely be starving after hours of cleaning and moving, and won’t want to make a trip to the supermarket. Have some water bottles on hand, and get easy-to-make food, such as pasta and sauce, for the first couple of days, while you settle into your new home.
3. Cleaning supplies
You’ll want to give your house a good scrubbing before you move in. “Don’t forget paper towels and other cleaning supplies in case the house is dusty,” says Travaglini. Bring your supplies from your old home, or head to the store and buy soap, floor cleaner, sponges, a mop, bucket, window cleaners, a vacuum, bathroom cleaner, and a toilet scrubber.
4. Closet hangers
You’ve made sure your new home is spotless. Now make sure your clothes aren’t wrinkled. (You’ll thank us for this one.)
5. Cooler with ice
This is a good idea if the previous owner didn’t leave a fridge, and yours hasn’t arrived yet.
6. Furniture sliders
Even if you have movers, you may want furniture sliders, the little things that go under the legs of chairs and couches and allow you to slide them easily without scratching your floor. You can pick them up at any hardware store.
7. New front-door lock
That ceremonious moment when you’re handed the keys to your new home is exciting. But you can’t be sure who else has a pair. Plan ahead and buy a new front-door lock, and set an appointment with a locksmith to change the locks or rekey the doors. You can have them come by on move-in day or shortly after.
Don’t spend your first night in your new house in the dark! Pack up all the lamps and light fixtures you’re planning to keep from your previous home and have them readily available. “Some rooms don’t have overhead lighting, so lamps will be very helpful,” says Rita Patriarca, a real estate agent at Re/Max Encore in Wilmington, MA.
9. Lightbulbs and batteries
These are other items you can usually buy in bulk. Most large retail and hardware stores carry bulbs in various wattage and shapes.
Personal hygiene might be the last thing on your mind on move-in day, but make sure you have soap, toothbrush, toothpaste, shampoo, and anything else you need. Moving day is a sweaty experience, and you’ll need a shower when you’re done. Plus, your new home will attract neighbors and friends. You’ll want to smell and look nice. Right?
11. Trash can and trash bags
If you plan to keep your trash barrel outside of a cabinet and you have a pet, it’s a good idea to get one with a secure top. You don’t want Fido or Tabby getting into the trash.
12. Smoke and carbon monoxide detectors
You never want to go a day living in a house without property smoke and carbon monoxide detectors. Check the house on move-in day to make sure you have enough detectors. Test each one to make sure the batteries are working.
13. Sticky notes
Mark down where you want things. It’s a good idea to label where you want your furniture, TV, dining-room table, etc. You can do this by writing on a sticky note and leaving it where you want the items located. This will help the movers know where to put everything.
14. Your favorite beverage
Whether you prefer champagne, Dr. Pepper, or Maker’s Mark, get yourself your favorite beverage to celebrate your new home. Toast yourself, your significant other, your kids, your friends and family, and everyone else who played a part in the move. You’ve earned it.
Posted by Les Masterson on realtor.com
Wondering how to water a lawn? Sadly, it’s not quite as simple as just turning on the sprinklers and walking away. The number of times you water your lawn throughout the year and how much water you give the grass matter—so if you’re foggy on the details, allow this latest installment of our Lawn Lover’s Guide to show you the ropes!
Read on to learn how to water a lawn, and when, how often your grass needs water, and a whole lot more to amp up your lawn care.
Why you should water your lawn
Grass may not be as difficult to maintain as a vegetable garden, but if you want to keep your yard looking green and gorgeous, you can’t just treat it with benign neglect. Aerating, seeding, and watering your lawn are all part of keeping your curb appeal intact.
“When you don’t give your lawn enough water, it grows with shallow roots,” explains Don Botts, the president of Quality All-Care Services, in Bonner Springs, KS. “This can stunt the growth of your grass and make it harder for your lawn to survive severe temperatures or disease.”
If you stop watering your lawn entirely, warns Chris Bartells, owner of Green Mountain Turf Sprinkler Repair in Lakewood, CO, you’ll start to notice brown patches emerging in a matter of weeks, as the grass begins to lose moisture.
“Pretty soon, your lawn will be more brown than it is green, the soil will harden, making it harder for water to penetrate it when you do water it, and will likely need a reseeding if you ever plan on restoring it to its former glory,” Bartells says.
There is one exception to the watering rule: If you live in a climate where it rains regularly or you’re going through a rainy spell, it’s OK to skip out on watering your lawn—it can actually be more harmful to your grass to overwater, increasing the risk of grass disease.
That said, you probably need to water your lawn, so let’s talk about how to do it the right way.
When to water your lawn
Before you even think about hitting the grass with a steady spray of water, you’ll want to make sure you know the best time of day to do it. Although many folks assume night time is best, most experts will tell you that’s a myth.
“There are a lot of people who are surprised to find out that watering your lawn at the wrong time of day can have such an impact,” says Botts. “Watering at night often means that water will sit on your grass overnight, which can lead to disease.”
Another no-no? Watering in the hottest part of the day. Although you may think your thirsty lawn wants a drink midday, the heat will cause evaporation to happen quickly, before water has had a chance to reach the roots of your grass.
The best time of day to water is in the morning, if possible some time between 4 a.m. and 10 a.m., Botts says.
How to water your lawn if you have sprinklers installed
If you’ve moved into a home with sprinklers already installed in the lawn, you’re in luck. They will do the bulk of the work for you.
Bartells suggests placing a few empty cans of tuna or cat food in the spaces between your sprinkler heads, then turning your sprinklers on, allowing them to run for 15 to 20 minutes.
“Then measure how many inches of water is in each can, using a ruler,” Bartells suggests. “Average that by the amount of time you ran your system, and you should end up with a pretty good estimate of how long your lawn needs to be watered to get the full inch or two of water that it needs [per week].”
Depending on your soil type, you may want to water your lawn all at once, or break it into two or even three equal applications throughout the week. Longer stretches of watering are better for the lawn than quick daily sessions.
“You want deep roots, but watering them for short amounts of time daily instead of watering them for 20 minutes or so once a week or every other day is like splashing them with water without actually letting them drink it,” says Bartells.
How to water your lawn (without installed sprinklers)
Watering your lawn when you don’t have sprinklers means more work for you, but just looking at that gorgeous greenery will ensure that hard work is worth it.
Botts advises investing in a rain gauge, so you can determine just how much water your lawn is getting from nature. If it’s less than 1 to 3 inches, you can set up a rotating sprinkler (the type kids like to run in and out of during the summer works well), setting it in one part of the lawn for 15 to 20 minutes, then moving to spots that weren’t reached and allowing it to run again for 15 to 20 minutes and so on. The tuna can trick works here too, and will help you gauge just how long to run the sprinkler.
If you don’t have a sprinkler, you can use a hose, with the nozzle attachment set to “sprinkle.” Be sure to move around the yard, hitting all areas of your lawn with the water.
If your lawn has clay-based soils, you’ll want to water once a week, Botts says. If you have sandy soils, you’ll probably need to water every three days or so.
“If there are sloped areas in your lawn where water runs off quickly, spots where the afternoon sun roasts harder than others, or areas that are heavily shaded, you may have to pay extra attention to make sure that your lawn is getting enough water,” Botts adds.
Posted by Jeanne Sager on realtor.com
You can practically smell the sunscreen and chlorine from here.
If you can’t make it oceanside this summer, a cool and refreshing backyard pool is the next best place to be.
Check out these nine gorgeous swimming pools — any of which would be perfect for a summer staycation.
Sleek and modern with clean lines, this Los Angeles, CA, pool looks like the perfect place for a romantic midnight swim.
The high temperatures of St. George, UT, are no match for this chic desert pool with views of the mountains.
Simple but luxe, this pool in Toluca, CA, has more than enough room to host friends and family for a summer pool party.
Seamlessly blending into its tropical surroundings, this infinity pool in Longboat Key, FL, offers a luxurious place to relax at the end of a long day.
In Johns Island, SC, the natural surroundings create a lush background for a few laps on those hot summer days.
This Santa Rosa Beach, FL, pool boasts its own built-in hot tub for ultimate relaxation.
A tropical getaway or someone’s backyard? Who can tell! This pool in Key West, FL, oozes island charm.
With a classic shape and design, this lakeside Seattle, WA, pool provides plenty of space to soak in the summer sun.
Posted by Jamie Birdwell-Branson on Zillow
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 Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year.
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 increased by half a percentage point already in 2018 to around 4.5%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by nearly a full percentage point by 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 have 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
Ready to buy? Click HERE to find your next home!
The sun is high and hot—and so is the competition for buying a home.
Thinking about buying a home this summer? The sunniest time of year is great for exploring new neighborhoods and visualizing future patio parties during viewings. But before you start any serious shopping, it’s important to understand what the housing market is like for buyers right now, and what you can do to end up with the best home—and the best price—for you.
The housing market should be just as strong this summer as it’s been all spring. Existing home sales and list prices have risen this year, and starter home inventory has plummeted by 14 percent. But there are perks to house hunting right now, too. Here are some facts and tips to help you get the most out of this year’s summer housing market.
Prices drop during the summer.
Summer may be a busy home-buying season, but it’s not as crazy as spring. In fact, prices drop from May through October. If you can hang on until late August, you could find a really great deal—that’s when nearly 14 percent of listings get a price cut.
PMI is getting more affordable.
There’s good financing news, too: Private mortgage insurance (PMI) is getting cheaper after PMI lenders MGIC and Radian lowered their rates this spring.
“That’s going to cause most of these PMI companies to be competitive, which is going to bring them all down,” Knoxville real estate agent Nic Nicaud says. Because PMI is typically required when homebuyers have a down payment of less than 20 percent, that means it’ll be cheaper for some buyers to get into homes sooner.
Don’t discount older listings.
When homes are flying off the market within days, it’s easy to think a listing that’s a week or so old is a red flag. Minneapolis real estate agent Danny Dietl says that’s not always the case. In his experience, it’s often because a buyer got cold feet and pulled out of a deal on a perfectly good house. But thanks to the assumptions people make about older listings in busy markets, the delay can cause the price to come down.
Consider a fixer-upper.
In a competitive market, it’s important to be flexible. That could mean going with a fixer-upper, even if you were imagining a move-in ready dream home. There are just more of them out there: The number of starter homes on the market is shrinking, but there are 8.3 percent more fixer-uppers among them than there were six years ago.
If you’re dead-set against a fixer-upper, Dietl says to be prepared to move quickly. “There’s only ever going to be a couple of options at a time,” he says. “And when new listings come on, it’s going to be pretty ferocious.”
Get to know the neighborhood.
In competitive markets, it’s tempting to make an offer on any available property that fits your criteria, but if it’s in the wrong neighborhood, you may never end up feeling at home in your house.
Take the time to do some community scouting before making an offer. You might notice convenient parks and new playmates for your kids—or be relieved to find more nightclubs than strollers on your block. You can even find out what your future neighbors have to say about the area with the new What Locals Say feature on listings throughout Trulia.
Make the strongest offer—even if it’s not the highest.
Obviously, now is not the time for low-ball offers. But the strongest offer isn’t always the highest one. Dietl says cash offers are often the secret to a winning bid. “You can even actually be the highest offer by thousands of dollars, and a cash offer may take precedence,” he says.
Sure, coming up with a cash offer could be tough for many buyers. But there are other ways to make a strong offer that don’t require gobs of money: Including generous contingencies, like a shorter closing or inspection period, and writing a great offer letter can help make your offer stand out.
Posted by Patrick Dunn on Trulia