No Comments

3-Step Downsizing Plan

1. Make a plan

Take a trip to your new place and measure the size of your rooms and storage areas. This will be your guide for how much you can take with you. It is better to underestimate than overestimate. As you’re deciding what to keep and what to get rid of, do one room at a time. Moving is a big job, and you don’t need to tackle it all at once. Plan to do a little bit each day and leave extra time so you aren’t rushed. Decide on your furniture first. Going from big to small will give you a better idea how much space you have left to fill. You don’t want to have to reshuffle everything if you can’t take that bookshelf with you.

2. Sort your belongings

Will you use it? It’s easy to convince yourself you might still wear that 10-year-old shirt with the tags still on someday. But if you haven’t used it in the past year, it’s likely you never will. Also, get rid of multiples. Do you have multiple coffee pots, or several sets of china? If you can only use one at a time, you don’t need to keep both. As you sort, follow a strict yes/no policy —no “maybes” allowed. Make a “yes” pile and a “no” pile, and force yourself to choose. If you aren’t convinced the item deserves a yes, then it’s a no. “Maybe” piles just mean more work for you later.

Decide how to divide up your “no” pile. You may not want or need these items anymore, but they’re probably useful to someone else. Special items may be handed down to friends or family members. Furniture, housewares, clothing, and other items in good condition could be sold at a garage sale or on sites like Facebook Marketplace or Craigslist. Or you can choose to donate reusable items to organizations like Goodwill, who sometimes offer neighborhood or even residential pickups, making your task that much simpler. Anything damaged or worn beyond repair should make its way to the recycling bin or a trip to the dump.

3. Preserve memories

Digitize photos to save space and easily share them with family. Photo albums take up a lot of room, and how often do you actually go through them? Pick up a digital frame and enjoy all of your photos in a rotating slideshow or create a slideshow screensaver for your TV or computer. Take photos of items that bring up good memories, but you no longer have room for. You can look back on the memories without actually keeping the items. To make sure those treasured items are in good hands, pass them on to your children, grandchildren, or close friends. They will love the gift, and you get to enjoy seeing the items being used. Another strategy is to give keepsakes a new life. If you love to craft, items like old movie stubs, letters and photos are perfect for scrapbooking, letting you create a record of your experiences. Or make three-dimensional pieces of art using shadow boxes. Gathering up your memories in one place will make them easier than ever to enjoy.

Downsizing is an emotional process. You will discover items you haven’t seen in years, and you will have to decide what to do with them. Give yourself some time to reminisce, and then make a decision. Keep in mind your space limitations. Take with you what is truly valuable — only you can decide what you can’t do without. Just imagine: Once you’ve finished your move, you’ll be able to enjoy your new place surrounded by the feeling of home.

No Comments

WHAT TO DO WITH AN UNFINISHED BASEMENT

Although currently dimly lit and a little rough on the eyes, your unfinished basement still has a lot of potentials. With just a little love and the help of the following ideas, you can spice it up in no time and get some great use out of the space.

  1. Add a pop of color. Give your basement a whole different look without a big renovation by adding some color to space. Consider painting and sealing the floors, opening up the room by painting the rafters white or a light color, or creating a bold accent wall.
  2. Divide the space. Want to make your basement a multi-use room? Partition out the area by installing an inexpensive curtain system. This can be done either with a curtain track or a simple wire, some hooks, and curtains will suffice.
  3. Add foam mats. Whether you’d like to use the basement as a home gym to get a quick workout in or a place for the kids to play and rough house, adding some foam mats into the mix is a great and easy solution. They come in various colors and can quickly be picked up and tucked away if need be.
  4. Use a large rug. As an alternative to adding mats, find a large, eye-catching rug to be used as a focal point, and furnish the area around it.
  5. Add lighting. Basements often offer very little built-in lighting and few outlets around the room. Consider stringing café lighting across space from the rafters to give a nice ambiance and glow without any difficult electrical work.
No Comments

Found a Buyer on Your Own? Here’s Why You Still Need an Agent

Let’s say you’re selling your house. And before you even get a chance to snap listing photos and put it on the market, a buyer comes along. Perhaps the buyer makes you an offer you just can’t refuse. Congratulations, you just cut out many steps of the home-selling process—showings, open houses, and haggling over price.

With an offer in hand, you might be asking what commission an agent would receive if the agent were to get involved at this stage of the home-selling process. But keep in mind what may seem like a straightforward transaction between a seller and buyer once an offer is accepted is usually not all that simple. You still have a marathon to finish before getting to the closing table. We’ve broken down the home-selling process into steps to see what an agent could help you with.

Commissions explained

Neither federal nor state laws govern commission rates, which means commissions are fully negotiable. And negotiating the commission is between you and your agent.

To crunch some general numbers, if a home sells for $250,000 at a 6% commission, the seller’s agent would get $15,000. However, keep in mind commission rates usually vary depending on the state you live in and among brokerages. Always talk with several agents about your particular home-selling needs. Find out if and how they would want to handle the sale to a buyer found by the seller.

The offer

In this scenario, a buyer made you an offer and you accepted. However, it’s time to take a step back: Keep in mind verbal offers are not legally binding in real estate transactions. Agents usually supply a variety of forms such as Residential Purchase Agreements to get offers in writing. These forms vary to conform to state and local laws, and eventually become a binding sales contract. The forms are also known as a purchase agreement, an earnest money agreement, or a deposit receipt. It’s also essential that an offer contains every element needed to serve as a blueprint for the final sale.

An agent can also handle a buyer’s earnest money—usually 1% to 2% of the home’s purchase price—by depositing it in an escrow account held by a third party such as a real estate closing company, an attorney, or a title company agent. Remember, escrow protects sellers. You get to keep that money if a buyer bails on a transaction that’s underway.

The terms of the sale and contingencies

While it may seem the hard part is over if a seller found a buyer on their own, many obstacles can occur during the contract period that will require an agent’s skill to keep the deal together. For instance, an agent will ask if you and your buyer agree on not just the sales price but also the terms of the sale. Terms within a purchase agreement include basic information such as the names of the parties involved, the legal description of the property to be transferred, and the agreed-upon price. But terms also list crucial details such as what personal property will be included in the sale (e.g., appliances or fixtures). Leaving any terms of sale out of the purchase agreement can come back to haunt the buyer, the seller, or both.

An agent will also ensure contingencies are added to your contract. Standard contingencies include a buyer securing financing, a home inspection, repairs, and an appraisal—which is crucial to the mortgage process.

The closing

Remember, you need multiple legal documents for the closing, including a clean title. This step is usually done by an attorney, who collects a fee at the closing. But a real estate agent usually handles getting to the actual closing table by setting a date, coordinating everyone’s schedule, and ensuring all the needed paperwork (which is usually a mound of documents) is ready and correctly signed.

The bottom line

If a real estate professional can assist you, their compensation is a matter of negotiation between you and the agent. Hiring an agent to write the offer and guide it toward the closing table is a smart move.

No Comments

What Is a Wet Bar vs. Dry Bar—and Does Either Belong in Your Home?

What is a wet bar and what is a dry bar? Both are designed to make entertaining at home easy by providing an area to prepare beverages for guests, but the big difference is a wet bar has a sink so glasses can be more easily rinsed. The difference between a wet bar and dry bar may seem like a simple concept, but there’s more to it than plain old plumbing. Here’s what homeowners will want to know when they consider having these features in their house.

What is a wet bar, and why would you want one?

Wet bars are convenient if you entertain on a different floor than your kitchen, or outdoors. In the 1970s and 1980s, home bars became popular as people outfitted their basements as rec rooms. Who wants to go all the way back upstairs to mix a batch of frozen margaritas? Or to rinse out the pitcher for another batch, for that matter? Now, as outdoor kitchens become more popular, wet bars are moving alfresco as well. With a little creativity, you can turn your backyard into a miniature resort.

Wet bar ideas: How to entertain in style

Having a sink in your bar means you’ll not only be able to rinse glasses between mixing drinks, you’ll also be better equipped to handle spills and cleanup. As long as you’re going through the trouble, you could optimize that plumbing with a few more add-ons. You could include a prep area for mixing cocktails that either also drains into the sink (to capture spills) or has its own drain. If you’re into beer in a big way, you could install taps with gutters below that capture and direct drips. That said, a wet bar doesn’t have to be large and elaborate. You can fit one into a tiny nook.

Are wet bars outdated?

Many think that wet bars are less popular today than they were in the past. If personal enjoyment is the goal, then it’s worth it, though. However, experts caution homeowners who want to add this amenity only as an investment, since it could make the home seem dated. Particularly in open kitchens and living spaces, it’s usually not worth it to install a second sink when the kitchen sink is within easy reach.

Dry bar ideas: Entertaining made easy

If you aren’t sold on installing a wet bar, a dry bar may be a better alternative. You’ll still have a dedicated spot for barware, spirits, and a beverage refrigerator, but without dealing with plumbing. All you need is a short counter and cabinet space. The trend is leaning toward a dry bar where favorite liquors and glassware are artfully and conveniently displayed. Most people now are just doing a liquor cabinet since space is often an issue, and bars take up a lot of it. Keep in mind that a dry bar can be multifunctional. For example, you could keep party supplies in a cabinet. Another alternative is simply modifying the back of your kitchen island or a counter with some shelves or rollout drawers for easy access.

No Comments

15 Essential Items to Include in an Emergency Survival Kit

You can’t predict the future—or control the toll that a fire, hurricane, or flood takes on your home. But you can take steps to ensure that you’re prepared in the event you get stuck in your house after a natural disaster strikes. When it comes to being prepared, having insurance is crucial, and relatively affordable. But to be fully prepared for a natural disaster, you also need an emergency kit.

A useful survival kit has more than just flashlights and some bottled water (although you should have those things, too). Your kit should contain supplies that will last you at least three days. And you should start cobbling it together now, so you aren’t caught off guard in the event of a crisis. It’s easy to lose focus on what you need to do in a disaster; having an emergency kit will allow you to focus on other tasks while knowing that you have the best emergency supplies handily packed in a kit. Make sure all household members know where the kit is stored. And, since your emergency kit might be the only thing you can take with you when you eventually leave the home, keep everything in an easy-to-carry container.

As for what should go inside the kit, follow this comprehensive checklist. (Heads up: Because some items can expire—and your family’s needs can change over time—look at your emergency kit at least once a year and make any necessary updates.)

Prescription Medications

If you have multiple prescriptions, make sure each is in a labeled bottled.

First-aid Kit

In addition to basic bandages, gauze, and antiseptic wipes, your first-aid kit should include an antihistamine, antacid, anti-inflammatory, pain reliever, fever reducer, antibiotic ointment, eyewash solution, instant cold compress, and hydrocortisone cream.

Flashlight and Battery-powered Radio

Don’t forget extra batteries!

Bottled Water

Lauritzen recommends 1 gallon of water per person per day. Sports drinks like Gatorade or Powerade are also good for replenishing electrolytes.

Food

Purchase nonperishable, easy-to-prepare snacks and meals with high protein (e.g., dried fruit, peanut butter, beef jerky, power bars, granola bars, canned vegetables, nuts, and canned tuna). These foods work well if the power goes out and you’re unable to cook or heat your food. (Don’t forget the can opener!)

Important Paperwork

Make sure you have at least two sets of any important documents—one at home that you can grab quickly if needed, and another in digital form that you keep stored in the cloud. The deed to your house, Social Security cards, medical records, and passports are just some of the paperwork you don’t want to forget.

Pet Supplies

Pack food and water, as well as a collar, leash, carrier, crate, and bowls.

Sleeping bags

Buy one sleeping bag per person, and pack additional bedding, such as warm blankets, if you live in a cold-weather climate.

Activities for Children

Keep the kids entertained (and distracted from the situation at hand) with coloring books, board games, a deck of cards, and puzzles.

Hygiene Products

This includes toothbrush, toothpaste, soap, feminine products, body-cleansing wipes, hand sanitizer, toilet paper, and tissue packs.

Cell Phone Charger

If you’re lucky, your home won’t lose power. But you might forget to grab your regular cellphone charger if you’re in a rush.

Candles and Matches

Keep the matches in a waterproof container.

Change of Clothing

Pack three days’ worth of clothes for each person and include sturdy shoes.

Special Items for Infants or the Elderly

Baby formula and food are obviously a must, but older family members—particularly those who have physical challenges—might need additional supplies.

Cash

If there’s a widespread power outage, stores won’t be able to run their card machines, and banks and ATMs won’t be operating. You’ll want some cash on hand if you need to buy necessary items or put gas in your car to leave town. How much cash you should stow away depends on the size of your family, how well-stocked you are, and your comfort level. Some experts recommend three to five days’ worth of spending money, while others suggest $1,000 to $2,000. In the end, whatever you’re comfortable socking away could save you in an emergency.

No Comments

Home Energy Cost: The Real Deal on Big Bills That Come With a House

Home energy cost is not something people always think of when it comes to buying a house. But don’t get consumed by the details of finding and buying a house without considering the potential bills you’ll have to pay every month for heating, cooling and more.

Home energy cost considerations

Even an affordable mortgage payment could quickly tip into the pain point if your new home comes with a monthly utility outlay that you weren’t expecting. So what factors should you consider? Everything from your electric bill to your heating are part of your home energy cost.

How to do that math:

You might want to hire a professional to determine the home’s overall energy costs before committing to a down payment. Energy audits cost a few hundred dollars but could save you from countless headaches (and costs) down the line. Not only will they give you a good idea of what’s in store, they will also point you toward fixes you can install so you’re not facing the same bills as the previous owner. The federal government’s Energy.gov site has guidelines for home energy audits, and tips for a DIY version. If you don’t want to go that far, here are some specifics to consider:

Heating and cooling systems

Heating and cooling can consume 45% of a house’s energy costs. The layout of the house will be a factor in energy costs. Vents located under windows are inefficient, and some rooms may not even have vents. In colder climates, remember that heat rises. High ceilings can result in wasted energy and added heating costs every winter. In tri-level houses, the upper floors will be warmer while the ground floor will be colder.

Consider how much alterations might cost. In-floor heating can save you up to 40% of energy costs, depending on the system. To have a professional install a hot water radiant floor heating system would cost about $6 to $15 per square foot.

Get all the information available on the house’s furnace and air conditioner. Find out the seasonal energy efficiency rating (SEER) for the house’s air conditioning system. For gas furnaces, you need to know the Annual Fuel Utilization Ratio (AFUE). If the house’s heating and cooling systems are 10 to 15 years old, or have a SEER of less than eight, it may be necessary to replace them.

Appliances energy costs

Did the former owner of the house throw in some appliances as part of the package? Although this gesture may save you money in the short run, be aware that older appliances can be much less energy efficient than new ones. Inefficient appliances eat up energy and can cost you hundreds of dollars over time. Research the make and model of any used appliances and assess whether they will incur higher energy costs than if you bought new ones.

Tax credits

State and federal programs might offer tax credits or other deals, such as grants or discounts, if you replace older appliances or heating or cooling systems, like an aged boiler, with newer, more energy-efficient versions. Some localities offer free energy audits, too. It might be worth asking about such programs if you are looking at an older house. Maybe the efficiency ratings are low, but if you love the house, and there’s enough deals available that you could upgrade relatively painlessly, it might still be worth purchasing. The key here is knowing the facts so you can judge what your bank account can handle.

Infrastructure

Check features such as windows, doors, insulation and siding for efficient energy usage. You can hire a professional to use a thermal camera to see where heat escapes, or conduct a blower-door test to identify air leaks by using a large fan with an airtight skirt that blows air out the door, although those tests could prove expensive. Insulation in the attic should be thick enough to hide all of the studs. Weathering and material aging can cause problems with siding, such as cracking, rotting or cupping, so check its condition too. Leaky windows glazed with putty can be reglazed, or consider buying double-pane windows. These will run you about $600 for moderate quality or up to $800 for high quality.

Architectural features

Big homes mean bigger energy bills too, so consider size in relation to your ongoing energy bills when you look at homes. A big stairway in the entryway means a lot of wasted heat each time the front door opens. Beautiful cathedral ceilings can bump up energy bills too. Walls of windows can afford a lovely view, but the added sunlight can strain your air conditioning bills in the summer, while leaks will raise your heating costs in the winter.

Energy costs: an informed decision

Only you can decide whether a home’s energy costs are worth the selling price. Your dream home may not be so ideal if the energy bills deplete your savings. But it could be worth investing some money in upgrading the house’s systems and features.

No Comments

Need to Replace Pet-Damaged Carpet?

As a pet owner, you know that accidents happen. There are a variety of reasons why our four-legged friends do their business or act out inside the house and on the floor. Maybe they’re marking their territory, or their anxiety may be manifesting in their clawing at the carpet. However, your home is probably your biggest investment, so you want to maintain its resale value—and keep it from looking and smelling like a litter box. So, what are the best options for pet-resistant flooring that would also appeal to future buyers? Check out the expert’s top recommendations.

Hardwood

If you have your heart set on beautiful hardwood floors, you’ll be happy to know that there are a few types of hardwood that are durable enough for Fido. Real wood floors are extremely durable and designed to withstand the traffic of busy families, including man’s best friend. Your dog’s claws will be less likely to scratch harder wood varieties like oak, maple, walnut, or—one of the strongest options—bamboo. The hardness of bamboo makes it more resistant to scratches, liquids, and mess, which helps out with pet accidents. If you’re considering bamboo, be sure to get medium- to high-priced bamboo flooring since the cheaper options aren’t as sturdy or scratch-resistant.

Porcelain tile

Your delicate porcelain dinnerware may lead you to believe that this type of material is not the strongest flooring option, but the experts say otherwise. The simplest floor to maintain—not only for pets but also for spaces with heavy traffic—is porcelain tile. Porcelain tile that has a glaze on it will not absorb any hazardous bodily fluids from pets and is easy to clean. An additional note is that sweeping, vacuuming, and wiping with a damp mop is all that’s needed to keep it sparkling. And, there’s an additional benefit to porcelain: It will not absorb odors. It is also recommended to use a grout that is nonabsorbent which will prevent liquids from seeping between the tiles and provide excellent stain resistance. However, you might want to avoid porcelain tile if your pup is older and has a hard time getting around. Many dogs do not have good traction on slippery surfaces, and older dogs may get injured and not be able to walk on surfaces without some tactile grip.

Luxury vinyl tile

Vinyl, in general, has come a long way since the days of disco. Luxury vinyl tile is a great, pet-friendly option as it’s scratch- and stain-resistant. Some varieties are even waterproof. Many people choose luxury vinyl tile because it can replicate popular (but less resilient) flooring options like hardwood or marble, and it costs way less. The cleaning is quick and easy and luxury vinyl tile doesn’t stain like carpeting.

No Comments

7 Questions to Ask at an Open House That Uncover the Truth

Open houses are undeniably a fun way to fantasize over property that could be yours. Still, once you’re done staring up at those high ceilings and peeking into walk-in closets, you should also try to get beyond the surface appearance of the place and take the golden opportunity to gather some valuable information.

In case you’re stumped on what to say, here’s a list of smart questions to ask at an open house. Whether you’re querying the listing agent or the home seller who happens to be on site, these topics will help you deduce whether the place is truly right for you.

Can you tell me more about the house?

This is a great way to break the ice and get the conversation going with owners or agents on site. This may seem like a vague question, but that is the point. Pay attention to what is mentioned first, and more importantly, what is not said, which could be a weakness.

What shape is this place in? Have there been any recent improvements?

It’s good to find out what improvements have been made so that you know they won’t need to be done after you purchase the place. If you find out that something like the boiler or roof was repaired or replaced recently, then the chances of it being required again soon are small.

While there really isn’t a way of anticipating when something would break or need to be redone, it’s helpful to rule out what won’t need to be fixed immediately based on what’s been done already. More information about the condition of the building or anticipated repairs should be disclosed during the due diligence process.

Has there been a lot of interest in the property?

This is a nice way of asking how much competition you could face if you make an offer. Just keep in mind that listing agents will typically try to paint a positive picture, so it’s up to you to read between the lines.

If the listing agent says things have been slow at the property and the listing has been on the market for an extended time, this may be your opportunity to negotiate a better price. On the other hand, if the agent informs you of high interest, this may be your cue to act more quickly than you might have planned.

When are the sellers looking to close?

The two main points that are negotiated during the purchase of a property are the price and the timing of the closing. You can use this information to tailor your offer to the seller’s needs. In other words: Some sellers may need to move out ASAP if they’ve bought a new home. Or if they’re waiting for new construction to be complete, they might need to cool their heels instead. If you’re flexible on your move-in date, you can highlight this in your offer to make it stand out—and maybe even snag a better deal as a result.

How much do utilities usually run?

This question can be an important part of monthly budgeting. All buyers are anxious to know what their monthly costs will be with utilities included. Principal, interest, maintenance, and taxes are easily available, but utility estimates may only be available from the owner. This is also a good question if you’re apartment hunting, as utilities could include different things at different places.

Some buildings include things like electric and gas in the monthly common or maintenance charges, while others require owners to set up accounts with the respective providers to be billed directly through them. Sometimes buyers assume that the monthly charges listed for the unit are all-inclusive and are surprised after living in the unit for a month to receive a $300 electric bill on top of the monthly charges from the building.

How much traffic can one expect in this area?

If an open house is on a weekend, which is usually the case, a buyer cannot readily know if there is traffic during the week for commuters going to and from work. Ask if this is a street that people use to avoid traffic lights or to get to school and work. It will give you an idea of the expected noise level and safety.

What is the neighborhood like?

Buyers want a neighborhood that fits their current or perceived lifestyle. Buyers almost always ask this question at open houses. However, it’s a tricky one for agents to answer because of the Fair Housing Act, which prohibits housing discrimination based on race, religion, sex, or family/economic status. That being said, this is where it pays to listen to the subtext. If an agent says, “Well, there is a great community playground in this cul-de-sac,” then you can probably deduce that the area is more family-friendly than upscale yuppy. This one will require a little sleuthing, but ultimately, it’s worth doing some digging at an open house to make sure what you see is what you get!

No Comments

How Sellers Win When Housing Inventory Is Low

How Sellers Win When Housing Inventory Is Low | MyKCM

In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season.

1. Higher Prices

With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase. According to the latest data from the National Association of Realtors (NAR), homes are receiving an average of 3.7 offers in today’s market. This buyer competition drives home prices up. As a seller, this certainly works to your advantage, potentially netting you more for your house when you close the deal.

2. Greater Return on Your Investment

Rising prices mean homes are also gaining value, which increases the equity you have in your home. In the latest Homeowner Equity Insights ReportCoreLogic explains:

“In the second quarter of 2021, the average homeowner gained approximately $51,500 in equity during the past year.”

This year-over-year growth in equity gives you the ability to sell your house and then put that money toward a down payment on your next home, or to keep it as extra savings.

3. Better Terms

In a sellers’ market like we have today, you’re in the driver’s seat if you make a move. You have the power to sell on your terms, and buyers are more likely to work with you if it means they can finally land their dream home.

So, is low housing inventory a big deal?

Yes, especially if you want to sell on your terms. Moving now while inventory is so low is key to maximizing your opportunities.

Bottom Line

If you’re interested in taking advantage of the current sellers’ market, let’s connect today to determine your best move.

No Comments

There Are More Homes Available Now than There Were This Spring

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale as we move into the end of the year.

The Number of Homes for Sale Usually Peaks in the Fall

In the residential real estate market, trends generally follow a predictable and seasonal pattern. Typically, the number of homes available for sale (or active monthly listings) peaks in the fall. But in a chapter where so little feels normal, the question becomes: should we expect a fall peak this year?

If we look at the active monthly listings for 2021 (shown in the chart below), we’ll see that the number of homes on the market has increased fairly steadily since spring this year. The realtor.com data shows we’re still seeing an increase in active inventory month-over-month. While that gain is a bit smaller month-to-month (see August to September in the chart), September numbers are still up from the month prior.There Are More Homes Available Now than There Were This Spring | MyKCM.The important takeaway here is the latest monthly numbers show growth. At the end of September, buyers had more options to pick from than they did this spring. That’s encouraging for buyers who may have paused their search months ago because they had trouble finding a home. Danielle Hale, Chief Economist at realtor.com, sums this up nicely:

“Put simply, this September buyers had more options than they’ve had all year and while that’s typical of early fall, that’s not what happened in 2020. Still, it’s important to remember that while buyers may have an easier time this fall than they did in the spring, the market remains more competitive than it has been historically at this time of year.” 

As Hale says, a fall peak in inventory is in line with typical seasonal trends. While it’s impossible to say for certain what the future holds for housing inventory, we do know both buyers and sellers have opportunities this season based on the latest data.

What Does That Mean for You?

If you’re thinking of buying a home, rest assured you do have more options now than you did earlier this year – and that’s a welcome relief. That said, today’s market is still highly competitive. This isn’t the time to slow your search. It’s actually the season when the number of homes available for sale tends to peak. Focus on the additional options with renewed energy this season and be prepared for ongoing competition from other buyers.

If you’re considering selling your house, realize that while growing, inventory is still low. Selling now means you’ll be in a great position to negotiate with buyers – and competition among buyers is good news for your bottom line. Eager buyers will likely be motivated to act before the holidays, giving you the benefit of a fast sale.

Bottom Line

Whether you’re buying or selling, there’s still a chance to make your goals a reality this season. Let’s connect so we can discuss what’s going on with the local market and current trends and what they mean for you.