Are Home Sellers Calling the Shots?

OCT_TopTenlegalmistakesofsellers2With fewer homes for sale and more buyers coming onto the market, sellers are less willing to negotiate on price like they were during the housing bust. According to the survey, 42% of the people shopping for homes have placed offers in the past six months, yet only 11% of the bids were accepted.

That has caused buyers to rethink their positions: 85% said they’re willing to compromise to get deals done. Just over half said they would be flexible on the closing date; 31% said they would purchase a home “as-is;” and 29% would pony up more cash than they originally planned.

The home shoppers said they are also willing to let go of some of the items on their “wish lists.”

 

Thinking about Selling your home? Update Your Tired Kitchen!

kitchen cabinetsPutting a fresh face on kitchen cabinets will increase the value of your kitchen without the expense of a total Remodel. Having a professional reface your cabinets with laminate will cost somewhere from $1,000 to $3,000 for a standard 10-foot-by-12-foot kitchen. Wood veneer will boost that range to $2,500 to $6,000 and upwards for larger kitchens. Refacing is a fraction of the cost of replacing the cabinets and if you have the know-how and choose the finishing hardware economically, it can be a good choice for a DIY value-adding project. Painting your cabinets is another option for an inexpensive new look.

For more information on kitchen remodels to go HGTV.com

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Millennials’ Obstacles to Buying A Home

There can be many obstacles you may run into when buying a home but as a “First Time Home Buyers” specialist we can work through them together. Click on the “First Time Home Buyers” link to learn more about the process. For more information you can contact me on my direct number at 909-260-8228 to take the first step to purchasing your new home.

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Does your home need a fresh, new look?

Need a new look to your tired home? Try a few or all of these ideas to for a fresher look.

Sideboard - Love this color. Graphite and French Linen Annie Sloan Chalk paint.:

1. Declutter

Number one thing that can devalue a home is clutter.  Like tons of knickknacks, piles of books, and other miscellaneous items that should be tossed out.

No, you don’t need to go crazy but going through your rooms and getting rid of anything that doesn’t mesh with your personal style is a great first step toward transforming your home from average to exceptional.

Walk through each room of your home and edit items. Make some tough decisions. Sure, you love your grandma’s vintage Chinese vase, but does it really it mesh with the style you have taken on throughout the home.  It might be time to store it or let it live in another room with similar family heirlooms.

Next step: Tackle any stuff that piles up—toys (if you have kids), shoes by the door, mail on the dining table. At the very least, find places for your stuff to live in a more organized way; an upgraded closet with beautifully sorted nooks and crannies looks neat and tidy.

2. Eliminate grunge

You may not have time for a deep cleaning on a weekly basis, but a few times a year, deep clean is an easy way to make your home look far more fashionable. After all, you rarely see a mansion with dirty baseboards.

Go through your home and search for overlooked areas that have become dirty and downright gross. You’ll want to pay special attention to the grouting, showers, window ledges and tracks, entry door ways and back patio areas.

Having old tile cleaned and re-grouted makes a huge difference in having your bathroom look clean and fresh. The process is simple and quick.

3. Add—or rearrange—lighting

Designers use lighting to define spaces and separate rooms, making a small space grand.

Think of your living room—where you might have a reading nook, sofas and chairs for company, and a television. Visually differentiate among the areas by using different kinds of lighting: Add a table lamp beside your cozy reading chair and sconces behind your couch for conversation. Consider a dimmer for overhead lights. Architects and lighting designers swear by them.

You may want to use warm-colored light bulbs.  Cool tones are a sure-fire way to make your home look great. Daylight bulbs work best for reading nooks.

4. Upgrade your hardware

Don’t have a kitchen renovation in the budget? You can get a similar effect for much less by changing out old, dated hardware for new.

Tired of your brushed-steel drawer pulls? Try gold, bronze, or even crystal—or try a local thrift/antique store for a vintage look.

It’s not hard to find attractive options in any decor style for next to nothing. A drawer pull, for instance, might start at just $3 or less.

Changing the counter top and faucets is another change that can make your home look like a “High End” home.  If you have the budget, exchange your dated sink accessories for something fresh that matches your brand-new hardware.

5. Repaint

There’s no simpler way to freshen a home than painting. Painting freshens up an old look and add a few bright colors to change the feel of it.

You can’t go wrong with stylish neutrals. DIY decorators might enjoy a tasteful, sandy tan tone, which pairs well with any number of woodsy colors.

Paint isn’t just for your walls: Add some color to your front door, window trims or a piece of furniture.

6. Focus on the details

Does your home feel a little Blah—and you’re not sure how to change it? Try changing just small items like vases, frames, and objects that add visual interest to an otherwise bland area—perhaps a shelf or console table.

Organize your small items around a theme so that the decor items tell a visual story. Go around your house and gather  items you love that need a new home

For example, take that silver tray you’ve been wanting a use for, add a glass tumbler with a fresh flower, that postcard your parents sent from London, and a white bowl filled with colorful candy.  You now have a magazine-worthy vignette!

Another way to go: Grouping together multiples of the same object (e.g., glass vases in the same color) is an instant update. Decorators often use odd numbers because they are said to be more appealing.

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Baby Boomers Realty Selling their Home

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2015 Expected to bring Millennial Buyers

exterior-495e50-300x200Millennials have been considered absent from the real estate market – even talk about what may be a burden on the economy. However, 2015 is expected to bring some surprises as they’re predicted to be the largest group of home buyer’s.  Recently Zillow came together & put together what they believe 2015 has in store for us and a year full of Millennias.

 

According to research from Zillow, 42% of Generation Y members plan to buy a home in the next one to five years, 11% higher than Generation X – who have led the market’s recovery till now. Not only are Millennials expected to overtake Gen X for most home buyers next year, it’s also believed that Millennials will initiate two-thirds of all household formations over the next five years, which would greatly drive first-time buyer sales.

In addition, rent is expected to go up in 2015, but home value won’t match it. According to the forecast, you can expect rent to continue its ascent – growing by about 3.5% throughout the year. Home value appreciation, on the other hand, is expected to slow down next year, dropping to nearly 2.5% by the end of 2015. “As renters’ costs keep going up, I expect the allure of fixed mortgage payments and a more stable housing market will entice many more content renters into the housing market,” said Zillow’s chief economist Dr. Stan Humphries.

It is expected that builders will start building more, less expensive homes. From what we have seen in recent years, builders are going to make a shift from building fewer, more expensive home to more, less expensive homes. This is partly due to an expected influx of millennial buyers and an increased demand for the lower end homes.

You can read more Zillow articles at: http://www.zillow.com/blog/

Millennials (also known as the Millennial Generation or Generation Y) are the demographic following Generation X. There are no precise dates when the generation starts and ends. Researchers and commentators use birth years ranging from the early 1980s to the early 2000s.

 

- See more at: http://www.lakearrowheadrealestateca.com/lake-arrowhead-ca-real-estate/blog/#sthash.e8irgtC8.dpuf

“Safety First” When Listing Your Home for Sale

Safety has become a real issue in the real estate industry. When selling your home there are certain safety guidelines that should always be followed to keep yourself and other safe.

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Real Estate Agent Communication for the Millennials

agent communication

What are the Millennial’s looking for in a real estate agent today? Responsiveness is #1, Knowledge is #2.

If a real estate agent does not have a smart phone or devise in today’s fast pace, fast changing market you will be left behind.

You can view my listings, reviews and more information about JoAnn Dickinson, Broker on Trulia, Zillow and many other marketing sites to review my skills as a Real Estate Broker or you can contact me on my direct line at 909-260-8228 to discuss the 2015 market and what is to come next year.

- See more at: http://www.lakearrowheadrealestateca.com/lake-arrowhead-ca-real-estate/blog/#sthash.EgHcJur3.dpuf