BY Realtor magazine, Jan 7, 2019 © CameronAynSmith – iStock/Getty Images Plus Sellers whose homes aren’t in tip-top shape may need to spend extra money or put in a little elbow grease to get their properties in market-ready condition. But what are the most important repair or maintenance tasks that support a higher asking …Read More..
Realtor Magazine, Jan4, 2019 Luxury home sales are cooling off, and some sellers are finding they may have to invest in a few upgrades to nab top dollar for their home. High-end sales posted a 7 percent gain in October annually, the second slowest increase in more than two years, according to an analysis from realtor.com®. And while sales are slowing, inventories of homes for sale are swelling. The total number of properties listed at or above $1 million is posting double-digit increases. “Buyers are being more demanding,” says Javier Vivas, realtor.com®’s director of economic research. The Wall Street Journal interviewed brokers, real estate agents, developers, and designers to pinpoint some of the most popular upgrades they believe are improving some sellers’ chances of a sale. Here are some of those upgrades: High ceilings: Ten-foot ceilings, cathedral ceilings, and vaulted ceilings are in demand, even higher thirteen-foot ceilings have gained popularity in the market. “The first thing buyers ask when they walk in—before they ask about square footage—is ‘How high are the ceilings?’” Retractable glass walls: Movable glass wall systems are gaining fans in the luxury housing market. Some homeowners are ripping out French doors to an outdoor living space and swapping them for accordion glass doors. “They give traditional floorplans that contemporary, updated look,” Quartzite countertops This natural stone is harder than granite and less prone to stains than marble. “Light whites and grays are replacing darker granites,” “Buyers like to see a light, neutral countertop, not something so personalized or so busy that it’s competing with the tile on the backsplash.” Four-car garage A garage that can accommodate three or four cars is very desirable in the luxury market. “Buyers love garages,” “Most of our buyers, even if it’s just a couple, tend to have three, four, five, six cars.” Smart home systems Home automation systems that can control the lights, window treatments, regulate thermostats and access security cameras are proving popular. “It is now expected that a home has an ample amount of technology,” Gary Gold, executive vice president at Hilton & Hyland, told The Wall Street Journal. Neutral decor “Light grays are really popular—whether it’s flooring or wall colors,” Carlos Fernandez says. Swap out heavy drapes and antique furnishings, he suggests. “Heavy brown furniture is out,” he adds. “It’s not easy telling a client that buyers are turned off by that look.”
Realtor Magazine, Jan4, 2019 Luxury home sales are cooling off, and some sellers are finding they may have to invest in a few upgrades to nab top dollar for their home. High-end sales posted a 7 percent gain in October annually, the second slowest increase in more than two years, according to an analysis …Read More..
Trying to sell your home, but no one’s buying? Don’t beat yourself up quite yet — there are lots of complex reasons why a home might not sell the instant it hits the market, many of which are beyond your control. However, there are also a lot of (to put it bluntly) dumb reasons …Read More..
WASHINGTON – Sept. 29, 2016 – The nonpartisan Tax Foundation released its 13th annual State Business Tax Climate Index, which measures how well-structured each state’s tax code is by analyzing more than 100 variables in five tax categories: corporate, individual income, sales, property and unemployment insurance. Wyoming once again took first place with the most …Read More..
By Elizabeth Weintraub Updated June 18, 2016. The Benefits of Working With an Agent. With so much information readily available online, clients sometimes ask me, “Why should we hire a real estate agent?” They wonder, and rightfully so if they couldn’t buy or sell a home through the Internet or through regular marketing and advertising channels …Read More..
By Elizabeth Weintraub Updated September 22, 2016. People say the best days to own a boat are the day you buy the boat, and the day you sell it. That’s not true when it comes to home ownership (unless, perhaps, you live on a boat). The best days in home ownership are when you …Read More..
Despite recent gains in the stock market, Americans have more confidence investing in real estate. About a quarter of Americans surveyed said real estate was their top choice for long-term investing, according to a new national survey released by Bankrate. Consumers selected real estate as the top pick to invest money they wouldn't need for more than 10 years, followed by cash investments (e.g. certificates of deposit and savings accounts). Then, coming in a distant third was the stock market. "Houses are tangible," says Sterling White, co-founder of Holdfolio, a real estate investment firm. "You can physically see and feel the product. So you know where your money is going: It's going into that house. With stocks, you have no clue where your money is going." The millennial generation was the only group that valued cash investments above other choices (32 percent of those between the ages of 18 and 35, and 43 percent of 18 to 25 year olds selected cash as their top choice) by a large margin. It's concerning "that so many people think that's such a good investment for such a long period of time," says Avani Ramnani, a financial planner and director of financial planning and wealth management at Francis Financial. "Right now, especially, you're getting practically no interest from cash investments like savings accounts and CDs." Americans are feeling more bullish about their sense of financial well-being, according to the Bankrate Financial Security Index, which is based on survey questions of how consumers feel about their debt, savings, net worth and job security. Source: "Real Estate Top Investing Choice, Survey Finds," RISMedia (July 24, 2016)
Despite recent gains in the stock market, Americans have more confidence investing in real estate. About a quarter of Americans surveyed said real estate was their top choice for long-term investing, according to a new national survey released by Bankrate. Consumers selected real estate as the top pick to invest money they wouldn’t need for …Read More..
According to a Zillow Digs analysis of 50,000 photos of recently sold homes, those with creamy yellow or wheat-colored kitchens, light green or khaki bedrooms, dove or light gray living rooms, and mauve or lavender dining rooms sold for $1,100 to $1,300 more than those decorated with less popular colors. This means real estate professionals might want to point sellers toward these colors. Based on studies of color, Credit.com says there are certain paint shades that sellers should avoid. Buyers tend not to like slate gray, terracotta, dark brown and off-white or eggshell, according to the website. Source: RealtorMag (09/07/2016)
According to a Zillow Digs analysis of 50,000 photos of recently sold homes, those with creamy yellow or wheat-colored kitchens, light green or khaki bedrooms, dove or light gray living rooms, and mauve or lavender dining rooms sold for $1,100 to $1,300 more than those decorated with less popular colors. This means real estate professionals …Read More..
For homeowners looking to spruce up their home before listing it, there’s plenty they can do to attract more buyers and potentially boost the value of their home too. Veteran real estate professionals recently weighed in at This Old House on some of the best home improvement projects they believe can help a home show …Read More..
Photo Credit: My Domaine. One of the first things you do to add a personal touch to your space is to hang things up on the walls. It might be photos, it might be degrees or it might be art, but one thing that just about everything you might put up will have in common …Read More..