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Tips for Getting Your Home Ready for the Fall Selling Season

(Published on - 10/18/2020 3:39:22 PM)

It's officially autumn! In preparation for the fall selling season, we reached out to three of the top real estate professionals in New York City to get their take on the best ways to get your home ready to be viewed by potential buyers.

"In a competitive market, it's essential that a seller focus on the little details to ensure their property makes a great first impression," says Lisa Lippman, an agent at Brown Harris Stevens.

Here are some of the top ways to get your home ready for the fall selling season in any market:

In addition to smaller details—such as touching up paint, buying radiator covers and fixing or replacing kitchen cabinets—Lippman suggests the following:

  • Color-coordinate the clothes in your closet for the appearance of more space.
  • Stage vacant or sparse rooms.
  • De-personalize your home–remove photographs and personal collections, and aim to keep trinkets to a minimum.
  • Refresh and replace grout as needed in your bathrooms and kitchen.

"Fall is the time when the leaves start to change colors and dictate new design color schemes…and with the change of pace, the sales dynamic changes as well," says Aleksandra Scepanovic, managing director at Ideal Properties Group.

Besides cleaning all the nooks and crannies in your home, and replacing any broken lightbulbs, Scepanovic suggests:

  • Create a narrative that speaks of ease and joy of ownership…of this specific space, this specific home. Think about what the buyer would see, and what you'd want them to see.
  • Check off the "grand negative impact" items from your list first: a leaking bathtub, a scraped up section of drywall, chipping paint, broken tiles, etc.
  • Make spaces neat, open, bright and airy. Start with a neutral base and venture into bolder accents only if your buyer research warrants them.
  • Less is always more in a property's sale preparation. Resist the urge to over-decorate.

And here are some suggestions provided by Paula Del Nunzio, an agent at Brown Harris Stevens:

  • Eliminate odd odors, and do not use scents as the buyer may dislike the ones you choose.
  • Deep-clean all surfaces, wash windows and keep them spotless.
  • Remove all cat litter boxes and dog toys a buyer can trip over.
  • If you have a garden, keep it colorful with plants that can be replaced if they should die

Article Source: RISMedias

Realty Executives Midwest
1310 Plainfield Rd. Ste 2 | Darien, IL 60561
Office: 630-969-8880
E-Mail: experts@realtyexecutives.com


Where Are Home Values Headed Over the Next 12 Months?

(Published on - 10/11/2020 5:13:48 PM)

Where Are Home Values Headed Over the Next 12 Months?

As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would home values begin to depreciate?

Original forecasts modeled this uncertainty, and they ranged anywhere from home values gaining 3% (Zelman & Associates) to home values depreciating by more than 6% (CoreLogic).

However, as the year unfolded, it became clear that there would be little negative impact on the housing market. As Mark Fleming, Chief Economist at First American, recently revealed:

“The only major industry to display immunity to the economic impacts of the coronavirus is the housing market.”

Have prices continued to appreciate so far this year?

Last week, the Federal Housing Finance Agency (FHFA) released its latest Home Price Index. The report showed home prices actually rose 6.5% from the same time last year. FHFA also noted that price appreciation accelerated to record levels over the summer months:

“Between May & July 2020, national prices increased by over 2%, which represents the largest two-month price increase observed since the start of the index in 1991.”

What are the experts forecasting for home prices going forward?

Below is a graph of home price projections for the next year. Since the market has changed dramatically over the last few months, this graph shows forecasts that have been published since September 1st.

Where Are Home Values Headed Over the Next 12 Months? | Keeping Current Matters

Bottom Line

The numbers show that home values have weathered the storm of the pandemic. If you want to know what your home is currently worth and how that may enable you to make a move this year, contact your local real estate professional.

 

Article Source: Keeping Current Matters

 

Realty Executives Midwest
1310 Plainfield Rd. Ste 2 | Darien, IL 60561
Office: 630-969-8880
E-Mail: experts@realtyexecutives.com


Is a Smart Home Worth It?

(Published on - 10/4/2020 5:12:16 PM)

Smart Home Tech in Apartments is the Way of the Future - Build Magazine

Smart homes are becoming increasingly popular, as more people are willing to invest in automatic home appliances and systems to make their lives easier and their homes sustainable and more convenient. However, as one might assume, smart homes do come with a set of downsides along with the perks. So, before you introduce any changes, study our list of advantages and disadvantages of turning your home into a smart home first.

Advantages 

Great convenience

Automatic home appliances and systems can be programmed to fully meet all your specific needs. They also enable you to control and check on your home no matter where you are.  In a few simple clicks, you can turn on the heating or turn off the lighting whenever you want. This is why investing in these devices becomes one of the money moves buyers make after purchasing their first home.

Nowadays, there are a lot of companies that are focused on producing smart homes feature products at favorable prices. As turning your home into a smart home is a process, you can plan how you are going to invest money in these products. This way, you will not harm your home budget immensely, yet you will reach your goal of living in a modern and comfortable smart home. 

Top home security

Smart home security systems keep your home safe at all times.  With the help of security cameras, motion detectors and temperature sensors combined with a proper application, you get instantly notified wherever you are if something unusual occurs in your home. 

Smart homes save our money and our environment

We have already mentioned that smart homes feature products can be programmed. Thus, using a timer to turn the lights or the heating on and off provides you with a chance to save big on your monthly home expenses, save energy, and eventually our environment.

Disadvantages to bear in mind

High cost

Homeowners can have trouble affording this type of home improvement but the situation is likely to change. A vast number of companies are working on finding favorable solutions that will suit a great majority of home budgets. So, those who currently cannot afford a project like this might be able to complete it in the near future.

Potentially difficult to use

Using smart home products can be very challenging for those who are not into modern technology. If you are among them, you will probably spend a considerable amount of time reading manuals to understand how smart home devices work. On the other hand, you can always ask someone for help, advice or instructions regarding this matter.

Another problem arises when the time comes for a family move. Dealing with electronics and smart home devices when moving can be unmanageable without professional movers. These items need to be handled with exceptional care and professionals will know the right techniques to apply.

Reliability

One of the greatest disadvantages of turning your home into a smart home is certainly reliability. All these highly useful devices and systems fully depend on an internet connection. In other words, if you lose the connection, your appliances might stop working. 

Final words

Turning your home into a smart home is not something you should do at all costs.  It requires a careful analysis of all the advantages and disadvantages that come with it. While it is undoubtedly true that the quality of your life will increase, you might encounter some problems you have not counted on. So, weigh all the pros and cons before you decide.

 

Article Source: Realty Executives International

 

Realty Executives Midwest
1310 Plainfield Rd. Ste 2 | Darien, IL 60561
Office: 630-969-8880
E-Mail: experts@realtyexecutives.com


Why Pricing Your Home Right Matters This Fall [INFOGRAPHIC]

(Published on - 9/27/2020 6:10:17 PM)

Why Pricing Your Home Right Matters This Fall [INFOGRAPHIC] | Keeping Current Matters

Some Highlights

  • As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true.
  • To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start.
  • Reach out to a local real estate professional today to make sure you have the guidance you need to price your home right this fall.

 

Article Source: Keeping Current Matters

 

Realty Executives Midwest
1310 Plainfield Rd. Ste 2 | Darien, IL 60561
Office: 630-969-8880
E-Mail: experts@realtyexecutives.com


Real Estate Market Snapshot

(Published on - 9/20/2020 3:40:33 PM)
 Article Source: MRED

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