Want to Sell Your House This Fall?

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Fall often signals a slowing down in the real estate business. While steady home sales are expected to continue through the year, many regions will likely slowly shift from a sellers market to a moderate or buyers market, meaning if you’re selling, you’ll want to do everything you can to make you house look its best.
As you set out to put your home on the market and add your home sale to this year’s statistics, keep the following fall tips in mind:
Curb appeal. A home shopper’s first impression is everything. The moment they pull up to the curb, they’ll make an instant judgment. You’ll want to be sure it’s positive. You can begin by making sure leaves are raked, and your shrubs and bushes are pruned.

Make sure your walkway is free of leaves and debris.

Trim trees so unexpected winds don’t knock down branches that could damage your home or hurt anybody.

If it is rainy, be sure you have a good doormat so all potential homebuyers can wipe their feet and not traipse mud and water through the house.

Make sure gutters are free from debris and are draining properly.

If you already have snow, be sure you clear the front walkway to the door. And if you have stairs leading to your front door, make sure they’re not icy.

If you live in a warm region, plant a few fall annuals to give your exterior some instant color.

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Secrets to a Successful Move

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Planning to move this summer? You’re not alone — summer is the busiest time of year for professional movers, according to the American Moving and Storage Association. It’s an arduous process, but these tips will make your transition much smoother.

If you’re planning to use a moving company, call now. As busy as they are, they usually need plenty of notice — often at least six weeks or much more if you’re moving a long distance.

Be sure to build in some overlap between the closing/possession date of your new home and the last day of the lease on your rental (or closing date of your current home). Moving always takes much longer than you think. If you want to make any changes to your new home — for instance, paint some walls, put in new carpeting or refinish wood floors — plan enough time to do it BEFORE you move in so your furniture and belongings are not in the way.

Pare down your belongings. There’s no sense moving things you don’t need or want. Look through your house for rarely used items. Discard anything that’s beyond repair, have a yard sale to get rid of the rest, and plan to load unsold merchandise into your car right away so you can take it to the charity of your choice.

Make notes about your new house — room measurements, door measurements, location of electric/cable/phone outlets — so you can determine exactly where your belongings will go. Measure appliances to make sure they fit the space available. When I moved from Florida to Colorado, I measured my refrigerator’s width but not its depth. I hadn’t taken my new kitchen’s floor plan into consideration, and my fridge stuck out so far that I couldn’t open the dishwasher. I’ve also had friends who bought wonderful overstuffed furniture, only to find they couldn’t get it through the doorways of their new house.

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Using Home Equity to Invest in Real Estate

“I am sure that many investors read through real estate blogs and forums pertaining to real estate investing and wonder where the investment dollars will come from. I know that many young professionals have stocked away savings accounts and retirement plans, but are uneasy about depleting these funds to buy investment property.”

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A Quick Nickel Beats a Slow Dime… Any Day

“Should you REhab or PREhab? Most real estate investors have heard about (and many have participated in) a REhab. Made famous by reality TV shows, a REhab is when a real estate investor renovates a dilapidated property into a sparkling home, so it can be sold to a retail buyer.”

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Barbara Corcoran to Move-Up Buyers: DO IT NOW!

Barbara Corcoran on the TV Show Fast Money:

“Right now, if you are upgrading to a bigger house, even if you’re selling at 10% off, you buy your new house at 10% off. Price appreciation is going to go much higher than people anticipate.”

Yearly Price Gains Continue into Offseason for Homebuying

“Compared to 2011, home prices continued to show strong gains in October and posted their biggest yearly increase since June 2006, according to data from CoreLogic.”

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Real estate: Find opportunity next year

“Home prices are expected to rise a modest 1% from the fourth quarter of this year to the end of 2013, according to the real estate research firm Fiserv. David Stiff, Fiserv’s chief economist, notes that after some choppiness early on, prices should increase 3.4% from the second quarter of 2013 to the second quarter of 2014. In hotter regions out West, you can expect bigger gains.”

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Mortgage Rates Go Lower Than Before – What That Means To Homeowners

Homeowners received a late Christmas gift with the news that the interest rate on a 30-year, fixed-rate loan, the most popular choice of homebuyers, was averaging 3.91% according to Freddie Mac’s Primary Mortgage Market Survey. This is the lowest it has been in the 40-years that the survey has been running. What does this mean for homeowners and potential buyers?

What does this mean for homeowners and potential buyers?

Savings! Savings! Savings!

Simply put, homeowners will feel it where it matters most: in their wallets. Since the beginning of last year rates have fallen 0.9%. On a $200,000 mortgage a homeowner will save $1,200 a year. 

Refinance And Save Some More

The new rate affords the opportunity to refinance an existing mortgage at the improved rate, creating an obvious saving. But there is another option: refinancing a home at a shorter term, 20 or 15 years for instance. It would mean paying off your loan over 15 or 20 years if you can find a rate that will keep your monthly payment the same to what you were paying on the existing 30-year loan. 

New Construction Starts Afresh

It has already started to happen: house starts have increased during the second half of last year. Since the markets went bust, building costs have exceeded the price of existing homes, thus placing a dampener on construction. The lower interest rate will activate buyer’s activity and bring higher prices within reach of more buyers. 

More Stability To The Market

A better rate will stabilize existing mortgages and bring more buyers into the market, creating much needed stability.

Get More Bang For Your Buck

The lower interest rate is almost like receiving a pay hike from your employer. You can now afford a bigger loan than you would have been able to while still making the same repayment. As a buyer you will have more options and greater bargaining power than before.

If you have been waiting for the right time or dreaming to buy a home of your own, there surely is no better time than right now.

Here’s how we make choosing the right home so much easier. Take the first step to finding the right home in West County today with our innovative Hot List. You will receive an email containing all the latest listings. It takes less than 30 seconds to get started today when you fill out the form below. 

Home Sales Are Up And 5 Other Reasons Why Real Estate Won’t Let You Down

There was more good news when it was revealed that the number of pending home sales have continued their increase in the last month. It’s not just the increase that will make homeowners and potential buyers happy; pending home sales are at their highest level since the housing crisis started three years ago.

There are still more positive signs for the real estate market if you already are a homeowner or if you want to become a Ballwin homeowner. As you’ll see, it’s not just blind optimism speaking, here are five more reasons that the worst might be behind us:

There are still more positive signs for the real estate market if you already are a homeowner

  • Not just home sales are up, but also housing starts have increased to its highest level in almost two years. In some cases it finally makes financial sense again for developers to start building new homes. This is a positive indication that normal market behavior is starting to take place again.
  • Broadly speaking the economic outlook is positive. Officially the recession has ended, meaning the economy is no longer contracting. This year moderate economic growth looks likely, supported by strong exports. This means the value of your assets is safe.
  • Unemployment figures are continuing to improve. It might be slow improvement, but it is improvement across most sectors nonetheless. Better employment figures means consumer spending improves, which in turn helps the economy grow and this again creates more jobs.
  • The number of distressed sellers has been consistently decreasing throughout the second half of last year. As more people regain employment, the repayment of mortgages also improved. It leads to a stronger real estate market where home values are maintained.
  • Home prices are stabilizing. As you will have seen all the factors lead up to an improved real estate market with a result that home prices are stabilizing.

If you have been cautious about buying a home in the current market you can now feel secure that you won’t lose your money by buying too soon. If anything, you might lose out by not buying soon enough.

Now, I invite you to discover the many great homes for sale throughout West County from Wildwood, Chesterfield and more with our innovative Hot List. See what properties are available today and be instantly notified as soon as new listings become available.