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Today’s Buyers Are Serious about Purchasing a Home

(Published on - 8/9/2020 4:29:37 PM)

Today’s Buyers Are Serious about Purchasing a Home

Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates:

“…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged in the process to find a home. That is a significantly higher share than the comparable figure a year ago (41%), which suggests that the COVID-19 crisis and its accompanying record-low mortgage rates have converted some prospective buyers into active buyers.”

Why Homeowners Have Great Selling Power Today | Keeping Current Matters

It’s no surprise that buyers are out in full force today. Many Americans now need more space to work from home, and the current low mortgage rates are providing an extra boost of motivation to enter the housing market.

If you’re considering selling your house, know that today’s buyers are serious about making a move. Your opportunity to sell your house in a market with high demand is growing, especially as more millennials enter the housing market too. The same report also notes:

Of Millennials planning a home purchase in the next year, 57% are already actively searching for a home.”

Odeta Kushi, Deputy Chief Economist at First American, explains:

“When breaking down house-buying power by educational attainment for millennials in 2019, we find that the higher the education, the higher the household income, and the higher the house-buying power. In 2019, median house-buying power for millennials increased 16 percent relative to 2018.”

As demand for homes to buy grows and more millennials enter the market with growing buying power, the opportunity to sell your house grows too.

Bottom Line

Today’s buyers are serious ones and millennials are helping to fuel that charge. So, if you’re considering selling your home, reach out to a local real estate professional to determine your next steps in the process while buyers are actively looking.

 

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


Keeping Pets Safe During a Move

(Published on - 8/2/2020 5:40:17 PM)

Moving day, just imagine it: The sun is shining, the weather is just perfect, and you’re about to close one chapter and open a brand new one. There’s so much possibility ahead! Although it may be exciting and full of promise for you, moving can be a terrifying event for your pets, even if you’re just moving down the street. Fortunately, you can take a lot of steps to protect your furry, feathery and scaly pals in these high stress times.

Your Moving Day Checklist: Pet Edition

Whether you’ve got a dog that you love, a cat that’s a handful or a flock of chickens, moving with animals takes patience and attention to detail in order to help them get through the process with the least amount of stress possible. Remember that your pet doesn’t understand what’s happening and that the noise, strangers and general chaos can be terrifying for them.

Before you so much as begin to pack, it’s important to consider what’s going to happen with your pets during your move. Here are some things you can do to keep them safer and happier during the whirlwind that’s to come:

  • Start practicing now. It’s likely your pet will need to be confined to a crate, bathroom or other safe space so that the door can be left open to move things out. Before the move starts, you can begin to get them used to the idea of being confined. Start by staying in or near the space with them and rewarding them when they relax (this could take some time at first, so be patient). As they get better at being confined with you, go farther and farther away, and for longer periods, rewarding them as they adjust to the situation.

Getting your pets used to being confined like this can help prevent injuries to them should they frantically scramble to escape, and can help you better see what kinds of things in those spaces may be potentially dangerous when they’re left unattended on moving day.

  • Ask your vet. Your vet has all kinds of things in their dispensary for these one-time highly stressful events. They can make a specific recommendation based on your pet’s history and particular panic buttons, and also give you more behavioral tools to your own toolbox to help your pet cope. Absolutely ask your vet for help before you even book a mover or a moving truck.
  • Take frequent breaks. If you can, stretch your move out over a few days or a week so that your pets can have a breather from their safety spot. Depending on just how much there is to move, it’ll be easier on you, too. For example, you might move a lot of boxes on Monday, take the small appliances over on a Wednesday and then move the furniture on Friday. Giving your pet some time to shake off the stress will make the move a lot easier for them.
  • Consider a pet sitter. Longer moves may require you to be away for a while, which turns an already stressful situation into a potential for real trouble. A pet sitter will help fill your shoes while you’re moving, or while you’re taking care of getting the new place cleaned up and ready to go if your pet is very prone to stress in new situations. Just make sure to introduce the pet to the sitter ahead of time so they can get to know one another.

Make Your Move Easier with HomeKeepr

Not sure where to turn for a pet-friendly mover or a pet sitter who can help tend your favorite furry friend while you’re away? Look no further than HomeKeepr where you can find the perfect pet-friendly moving team that can help you start your new chapter with as little stress as possible.

 

Article Source: HomeKeepr

 

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


Data Points to Strong Summer Real Estate Market in Chicagoland Area

(Published on - 7/28/2020 7:29:16 PM)

Midwest Real Estate Data (MRED) serves more than 45,000 real estate professionals in Chicagoland and the surrounding counties.

This week's market snapshot shows that homes under contract increased for the third week in a row, surging 17 percent from the first week of July. The data from across MRED's markets also show a 66.5% increase in contracts for the week ending July 27 versus the same week last year.

Median prices continue to show strength as well, with a 6.7% increase over the same week last year. This was the sixth straight week of year over year weekly median price gains, the data show.

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Darien Realtor Receives 'Lions Club Humanitarian of the Year' Award

(Published on - 7/24/2020 4:49:47 PM)

On July 21st, 2020, the Darien Lions Club, in collaboration with the city of Darien, held a ceremony at city hall in honor of Deneen Ruffolo, recipient of the Darien organization's 'Humanitarian of the Year 2020' award. 

Joe Marchese, Mayor of Darien, designated Friday, July 24th, 2020 as 'Deneen Ruffolo Day' in Darien, IL. Lions Club President, John Pearson, presented Deneen with a replica brick paver to be placed in Lions Patio at Darien Community Park.


Deneen Ruffolo, John Pearson, Joe Marchese, Greg Ruffolo
 

The Humanitarian of the Year award is bestowed by Darien Lions to honor efforts of community members in delivering charitable services. Deneen's selfless efforts assisting Darien Lions programs earned her this prestigious award. Her invaluable assistance with Lions Food Baskets program, procuring & wrapping thousands of gifts ensuring a Merry Christmas to over 250 families & their 600 children, is priceless. She spearheads organizing and wrapping over 4,000 gifts every year for families in need, something she does so thanklessly and with a bright smile on her face, year after year.


Deneen & Greg Ruffolo pictured with family

Greg Ruffolo, her husband, comments "Deneen taught our children (and now grandchildren) how to properly treat others, to always be kind, not speak poorly of others but rather find good in them, and to help by assisting others. In the end, that is the real reward for her."

Congratulations, Deneen, for this wonderful accomplishment!


4 Bottom-Line Tips to Decide: What Is the Value of My Home?

(Published on - 7/19/2020 5:23:56 PM)

Here’s how to price your home to sell fast.

Your home is more than just a bunch of rooms under a roof. It’s the space where you watched your daughter take her first steps, hosted Super Bowl parties, and celebrated holidays. Those memories are priceless. But when sell your house, the warm and fuzzies can't factor into the question: What is the value of my home?

You aren’t selling your memories; you’re selling a house.

This is where an agent can help. You’re the one who will set your listing price, but your agent has the expertise and local knowledge to advise on how to price your house so it doesn't languish on the market.

#1 Don’t Go High Out The Gate

You think your house is great. The problem is sellers often think their house is so great that they list at too high of a price and miss the window of sales opportunity that comes with a new listing.

“By listing too high, you lose your most important leverage and timing because it’s new,” says Ali Evans, an agent in Santa Barbara, Calif. “If you overprice it, you miss out on all those buyers.”

The longer your house sits on the market, the less likely you are to get your asking price. Because buyers expect there’s a deal to be made on a house that’s been on the market for months. 

“If something doesn’t move in the first 30 days or so, then people start thinking that they’re not going to be paying full price any longer,” Evans says.

Bottom line: Listen to your real estate agent about home value, because she knows how to price your home to sell fast. She's looking at all of the comp prices and knows what the competition is like in your market. 

#2 Don’t Assume Upgrades Will Get You A Higher Price 

You renovated your kitchen after you watched too many episodes of Property Brothers. You looooove the way your reno turned out, because your kitchen is now stunningly modern, as kitchens on HGTV are. Everyone else will love it too, right? So you want to push up the listing price.

Don’t be so sure everyone else will pay big bucks for it, Evans says.

“Upgrades that are done in very specific taste can be tricky. Updates that are neutral are going to appeal to a lot of people will see more value,” she says. “But upgrades don’t always equal value.”

In fact, research from the NATIONAL ASSOCIATION OF REALTORS® shows you might recoup 59% of your costs, based on a national average, on a complete kitchen upgrade.

In other words, just because you put $65,000 into your kitchen renovation doesn’t mean you can list your home for an additional $65,000. Your agent can help you assess the market value of your upgrades and answer the big question, What is the value of my home?

#3 Don't Set A Dollar Amount You Need To Make

Having an idea of what you want to earn from your house sale is fine, because you’re looking at your home as the giant investment that it is. But pricing your home so that you will make a certain amount of money is the wrong approach.

The number you have in your head may not be in line with the market. This is where doing research on the housing market comes in handy, as well as listening to your agent. 

“Make sure you understand the logic behind the price your agent suggests,” Evans says “It’s important to not be frustrated that it’s $20,000 below where you want to price it, and understand the thought process.”

Your agent will research the market to see what other houses in your area are selling for. He also knows the market, the inventory of houses for sale, and how your home compares to others in the area.

If you’ve listed the home too high, and you’re not getting any bites, don’t be afraid to do a price correction, Evans says. Lowering the price shows buyers you’re realistic and motivated. Adjusting the price is a key part of knowing how to price your home.

#4 Don’t Let Emotions Get The Best of You

For most people, selling a home is emotional. Whether you’ve lived in your house for four years or 40, you’re attached to it.  But it’s important to not let your emotions drive you to price your house for more than it’s worth. 

Listen to your agent on how to price your home. His cool-headed knowledge of the market and real estate inventory will be a wiser guide for pricing than your irrational love for the bay window in the living room, the restored hardwood floors, and the way the light shines in your beloved sunroom in the morning.

“Pricing can’t be an emotional thing,” Evans says. “It needs to be based on market analysis, which is why an outside perspective is important.”

When you ask yourself, 'what is the value of my home,' think with your head, more so than your heart.

 

Article Source: Houselogic by Realtors

 

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

 


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