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Are You Ready for the Summer Housing Market?

Are You Ready for the Summer Housing Market?

Are You Ready for the Summer Housing Market? | MyKCM

As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This abundant caution has greatly impacted the number of homes for sale and slowed the pace of a typically busy spring real estate season. Mark Fleming, Chief Economist at First American notes:

“As more homeowners are reluctant to list their homes for sale amid the pandemic, the supply of homes available to potential home buyers continues to dwindle.”

With many states beginning a phased approach to reopening, virtual best practices and health and safety guidelines for the industry are in place to increase the comfort level of buyers and sellers. What we see today, though, is that sellers are still making a very calculated return to the market. In their latest Weekly Housing Trends Report, realtor.com indicates:

“New listings: On the slow path to recovery. Nationwide the size of declines held mostly steady this week, dropping 23 percent over last year, a slight increase over last week but still an improvement over the 30 percent declines in the first half of May.”

Although we’re starting to inch our way toward more homes for sale throughout the country, the number of homes on the market is still well below the demand from buyers. In the same report, Javier Vivas, Director of Economic Research for realtor.com shares:

“Sellers have yet to come back in full force, limiting the availability of homes for sale. Total active listings are declining from a year ago at a faster rate than observed in previous weeks, and this trend could worsen as buyers regain confidence and come back to the market before sellers.”

Lawrence Yun, Chief Economist at the National Association of Realtors (NAR) seems to agree:

“In the coming months, buying activity will rise as states reopen and more consumers feel comfortable about homebuying in the midst of the social distancing measures.”

What we can see today is that homebuyers are more confident than the sellers, and they’re ready to make up for lost time from the traditional spring market. Summer is gearing up to be the 2020 buying season, so including your house in the mix may be your best opportunity to sell yet. Interest in your house may be higher than you think with so few sellers on the market today. As Vivas says:

“More properties will have to enter the market in June to bring the number of options for buyers back to normal levels for this time of the year, nationwide and in all large markets.”

Bottom Line

If you’re ready to sell your house this summer, let’s connect today. Buyers are interested and they may be looking for a house just like yours.

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BUYING A NEW WASHER AND DRYER

Laundry is one of those household chores that always seems to be a headache. Whether you like doing laundry or not, it is often a necessary task in most households. When the time comes to either invest in a washer and dryer set or upgrade the set you have, you may realize that choosing your favorite color is not the biggest choice you have to make. Laundry systems come in all shapes, types, and sizes, and it is important to decide what you need before heading to the store to make your purchase. Here are the parts to consider when making your choice!

1: Side-by side or stackable? Gas or electric?

If your laundry room is already set up, make sure you check if your home will support gas or electric connections. Choosing side-by-side or a stackable set comes down to what you have the space for. Stackable systems are usually smaller and better for space conversation.

2: What capacity works best for you?

Do you do laundry for just yourself, or a family of 6? Are you frequently washing heavy towel loads or only small loads once a week? Front-load washers tend to have a larger capacity and handle bulky items well. Compact top load machines usually have a smaller drum and fit less weight but are more affordable.

3: Front load or top load?

Before considering which you like better, take second to decide which would fit your space. Will the machines be going under a counter, preventing you from purchasing top-loaders? Will they be in a tight corner of a room that will make it hard to open the door on a front-loader? Once you know what your space can handle, then you can decide which you prefer. Front-loaders tend to be more expensive, but are easier to load and unload as you no longer have to strain your arms trying to get the items left at the bottom of the washer. If you are interested in a front-loader but aren’t crazy about crouching to load and unload, you may want to invest in a pedestal that raises the height of the machine.

4: What features do you need?

Today, the features you can get on these machines are endless. Some have digital displays, some have wi-fi capabilities, some are meant to be energy-efficient, and some can even steam your clothes. If any of these (or more) features are a deal-breaker for you, make sure you are searching for the machines that offer these incentives.

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4 Signs You Might Need Roof Repairs

Your roof is a critical part of your home. Protecting you from the elements all year round, your roof takes the brunt of any weather that comes through your town. That exposure every single day can lead to wear and tear, and sometimes that can lead to issues that need repaired. It isn’t always obvious when your roof needs a fix, but here are some indicators that it may be time to call a roofer!

1. It Looks Worn

It might seem obvious, but if your roof looks bad, that might indicate it needs a repair. When your shingles appear damp and worn, it means they’re holding moisture and no longer fully able to do their job. If the shingles are cracked or curling up at the corners, they are at a point that they may fall out and will need fixed or replaced.

2. You Have A Leak

Do you have any ceiling wet stains? Though you may not notice them at first, wet spots can be the first indicator that precipitation is leaking through your roof and into your ceiling. You will want to get this fixed as soon as you notice it to prevent further water damage to your house interior.

3. The Roof Is Sagging

If you roof isn’t in a straight line, it is sagging. This means it is definitely time to call a roofing company because serious structural damage can occur if sagging is not remedied.

4. You Can See The Light

This is the one time you don’t want to see the light – and that is when you are looking up at your roof. If light can penetrate your roof, so can plenty of other things. If you ever have any light leaks, get the crack filled as soon as possible.

If your having issues with your roof The Wheaton Team can provide you a list of trusted roofers in the area.

Call today: 719-536-4581

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Why Vinyl?

Choosing the best siding for your home can feel like a big choice. You want something that will look the way you want, but will also be made to last. If you’re on the fence, vinyl siding may be the way to go. There are many benefits to vinyl siding, as it is one of the most cost-efficient options and has been put to the test on millions of homes. If you’re interested in why vinyl siding might be right for you, here are some of the different benefits of vinyl siding!

Save Money Over Time

One of the main benefits for those who invest in vinyl siding is the budget-friendly price point. Wood siding, though appealing, can cost you up to $8/sqft, which can add up fast. For most people, that pricing is not ideal. Vinyl siding can save you up to $1-2 per square foot, adding up to quite a sum when all is said and done.

Have A Shiny Exterior

The color on vinyl is pushed all the way through the material during production, giving it a shine unlike others. You don’t have to worry about chipping or scratching causing discoloration because of the design process. Vinyl is great to stand up against the elements and protect your home.

Quick & Easy Installation

Vinyl siding installation is the most time-friendly option out there. The vinyl is attached to the top of your material of choice, typically plywood or plastic insulation. The installation process is cost-efficient not just for being timely, but because you also save on labor costs.

Customization Options

While neutrals are great, vinyl gives you the option to keep it safe or step outside the norm. Vinyl siding comes in thousands of different colors, as well as several different finishes and outlines. With so many combinations, you are able to have a unique home exterior.

Let us at The Wheaton Team help you find the perfect installers: 719-536-4581

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MOVING DURING COVID-19

As we all learn to accommodate a new normal, those who are moving during this time face new challenges. While cleaning was always an expected part of moving preparation, the kind required today is a bit different. It may seem overwhelming, but moving during a pandemic (if legal in your area) is possible and can be made as safe as possible for you and your family. If you are getting ready to move, here are some tips to stress a little less and be prepared!

 

 

Get New Boxes

Normally, it is easy to find someone in your neighborhood who recently moved who has spare boxes laying around. For now, it is recommended that you purchase new boxes as cardboard can be difficult to sanitize.

Wear Personal Protection

Make sure you don’t pack your masks, gloves, and sanitizer. Your focus might not be on protection from germs and viruses in the chaos of a move, so it is important to have your protection ready for when you are loading and unloading your moving vehicle.

Disinfect + Sanitize

Before you move your items into your new home, take the time to do a sanitizing sweep through the home. Wipe down all door knobs, counter tops, and frequently touched areas like appliance handles.

Wash Your Hands

This one might be obvious, but the best way to protect yourself is to make sure you are frequently washing your hands during a move. You can try your best to avoid touching surfaces others have touched, but your best bet is to just make sure you are keeping your own hands clean and off of your face.

Donate Your Food

Now more than ever, food banks are in dire need of donations. If you are going to be traveling a long distance or just don’t want to worry about food storage in your new home quite yet, your local food bank would likely be quite thankful for your donation.

As always you can count on The Wheaton Team to help you with moving information, please call us at 719-536-4581

The Wheaton Team 🙂

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Thinking About A Tiled Accent Wall?

As simplified, clean styles continue to be the face of home design, there is no surprise that adding a tiled accent wall can be enough to bring life to a room without cluttering it with unnecessary decor.

Though they are all tiles, wall tiles differ from floor tiling. Wall tiles are usually thinner and made with less hard material, as they don’t need to withstand the pressure of flooring. Even though they may weigh less, wall tiles are still extremely durable.

Because there are all different sorts of shapes, sizes, and types of wall tiles, you are sure to find a type that is the perfect fit for your home.

Each type of tile has its own unique qualities that will help you determine which will work best for you. Here are the 5 most common types of tiles to help you make your decision:

1: Ceramic Tiles

The most commonly used tile, ceramic is used for both wall tiling and flooring. Usually ceramic tiles are simple in design and come with a durable glaze coating. Subway tiles are often ceramic, and can be used in bathrooms as long as they are waterproof.

2: Metallic Tiles

Metallic tiles are great if you are going for a rusty look., but can be easily damaged if the wrong cleaner is used.

3: Cork Tiles

Cork tiles are growing in popularity and add a unique touch of texture to wherever they are added. It is important to weigh your options when choosing cork tiles as they can be expensive to remove later due to the adhesive needed to place them. Cork tiles are a bit difficult to clean as they have uneven surfaces, but when used in small amounts can add a perfect pop to any room.

4: Marble Tiles

Marble tiles have one of the widest variety of choices when it comes to tiling. They can be used for bathrooms, kitchens, and floors, and come in various quality levels. While marble tile is beautiful, it is important to choose a brand with a proper rating so you don’t end up with cracked tiles.

5: Mosaic Tiles

If you have a wall that is asymmetric, mosaic tiles may be perfect for you. They are naturally decorative and because of the wide variety of patterns, shapes, and colors, it can be easy to find a style for everyone.

If you need help finding a tile specialist call today: 719-536-4581

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Home Loan or a Mortgage?

Did you know that a home loan and mortgage aren’t the same thing? Though often used as interchangeable terms, the two actually work together to finance a home. Many first-time buyers are unaware of this before entering the process. Knowing the difference ahead of time can help you to have a better understanding of the home buying process.

A home loan is the actual money that is taken out to buy a new home. Home loans typically are only used for residential properties and can be received through a financing company. There are different types of home loans and they can have either an adjustable or fixed interest rate.

A mortgage is all about legality. It is the legal documents that you sign that indicates how you will repay that home loan. A mortgage is a legal verification of your obligation to pay back your home loan in full to your lender. Your new home is the collateral and can therefore be repossessed by your lender when payments are not made. Because of this, a mortgage will always mean the same thing. While that is the case for mortgages, there are several different types of home loans. Here are those types:

Conforming:

Conforming loans will either be lower than or equal to the loan limit set. These loans conform to the basic standards of Freddie Mac or Fannie Mae.

Jumbo:

Jumbo loans are usually only used to purchase high end real estate and exceed basic loan limits. These loans do not conform the basic standards.

Government: 

Backed by the federal government, the guidelines for these loans are often quite strict. They can be harder to obtain but usually have lower interest rates.

Conventional:

Backed by mortgage companies, conventional loans are what most think of when they hear about home loans. These loans usually have higher interest rates to make up for the risk taken by lenders.

If you need lender information please call today: 719-536-4581

or visit our website at: www.TheWheatonTeam.com

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Best Power Tools for DIYers

 

Now more than ever, DIY projects are everywhere you look. It seems like everyone is trying to be productive with the little extra free time on their hands, and hardware stores still have lines out the door. If you are just getting into the DIY world and are realizing some of the basic hand tools just aren’t cutting it anymore, it may be time to invest in some smaller power tools that work best for the do-it-yourself enthusiast.

1. 10” Sliding Miter Saw

With this tool, you can cut baseboards, frame out a door, and even more. Getting the saw with the slide allows you to cut more significant pieces.

2. Nail Gun

While a hammer and nail approach can work for most DIY projects, you will save yourself time and energy when you invest in a nail gun and air compressor. If you are into reupholstering, you may also want to consider a staple gun.

3. Rotary Sander

If you plan to strip any word surface, invest in a rotary sander. There are plenty of models available under $50 that will save you more time than you could have imagined.

4. Jigsaw

If you love making or updating wood furniture, a jigsaw may be a great addition to your tool bag. The jigsaw allows for cutting various shapes and detailed cutting.

5. Cordless Drill

The cordless drill should be one of your very first DIY tool purchases. You can use the drill for just about everything, from hanging shelves to drilling holes.

6. Air Wrench

The air or impact wrench is essentially a power socket wrench. This wrench is great when you are dealing with tight lug nuts and bolts or stripped screws. They give a high degree of torque without a lot of exertion on your end.

7. Circular Saw

If you need a fast and efficient way to make straight and bevel cuts, you will want to add the circular saw to your list of tools. They can be used by hand or mounted.

Check back next week for a new BLOG from The Wheaton Team…

719-536-4581

www.TheWheatonTeam.com

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Keeping Your Carpet Clean

Carpet tends to ignite a love-hate relationship with homeowners. While carpet can add comfort, design, and even a pop of color to a space, it can also feel overwhelming to manage something meant to last a decade in your home. Whether you have little feet and paws running around or it is just you, it can still seem like a daunting task to make sure your carpet stays in the best shape possible. No one want a dirty, smelly carpet and it can instantly ruin a space you once loved. So instead of avoiding the carpeted rooms in your home, take these steps and make sure your carpets and as clean as ever.

1. Choose The Right Carpet

When it comes to carpet, choosing what you need in the space is much more important than choosing what you want. While making sure your carpet matches your goal aesthetic, you are going to want to make sure you are choosing the correct material. If you are putting carpet in a high-traffic room, nylon carpet is your best bet.

2. Always Cut Snags

While carpet snags can seem trivial in the grand scheme of things, it is important to keep an eye out for them and cut them as soon as you notice them. If you neglect to trim snags, they can unravel and lead to further damage. There is no use in worrying about keeping a carpet clean if it is ripped to shreds.

3. Create Protective Measures

If you will naturally have a lot of visitors enjoying your carpet, there are several steps to take to try to minimize the wear and tear done to it. First, consider encouraging all guests to remove their shoes at the door if they don’t already. Another step to take is adding several rugs at entry points to your home so that any additional dirt and debris can get caught by an easily cleaned rug, rather than your carpet.

4. Treat Stains As Soon As They Happen

If you are in the middle of hosting a party or just don’t quite feel like getting up and dealing with a mess, it may seem like a pain but it is key that you remove and treat a stain as soon as it happens. Letting any spill soak will reduce your chances of treatment and removal, and you can end up with a permanent stain.

5. Add Vacuuming To Your Weekly To-Do

If you aren’t already vacuuming at least once a week, start now. Maintenance cleaning is much better for your carpet than waiting until it actually looks dirty. Once you are vacuuming weekly, try upgrading to twice or three times a week. This will do wonders for the life of your carpet.

6. Invest In Professional Cleaning

Either once or twice a year, consider hiring the professionals to come in and deep clean your carpets. Nothing will bring them back to life better than an expert dirt and debris removal.

Need a Professional, we can help!

Call The Wheaton Team today for our list of carpet cleaning professionals: 719-536-4581

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Creating A Productive Atmosphere While You #STAYHOME

1. Light up your space!

Letting in as much natural light as possible to your at-home work space is the first step to making a better place to get things done. Your body works best with natural light because of circadian rhythms, which tell your brain to be awake and productive when natural light is around you. Natural light will help you feel alert and the vitamin D you will get from opening those windows will help boost your immune system.

2. Add minimalist decor!

You don’t want to crowd your work space, but it is important to decorate your space in a way that you will enjoy. Having a clean, organized space with a few quirks that will make you smile – like a favorite photo.  Make sure any items you will need, like pens and highlighters, are within reach, so you are more motivated to stay put!

3. Make your work space only a work space.

It is important to train your brain to differentiate when it is time to work and when it is not. When we drive to work or school, it is natural for us to switch into ‘working’ mode, but when we work from home, it is hard to get into that mode. By only sitting in your work space when it is time to get things done, you will train your brain to be more productive when you are in that space.

4. Manage your cell phone use.

While you may need your phone to make work calls or check in with your teacher, it is important to set boundaries and stick to them. If you find yourself constantly wanting to scroll through social media instead of getting work done, try download an app that will limit your social media access each hour. If you don’t need your phone for work or school, try keeping it in a box across the room.

Keep informed with our weekly blogs,

The Wheaton Team

RE/MAX Properties, Inc.

719-536-4581