From our friends in KCM
If you’re thinking of selling your house this spring, now is the perfect time to start getting it ready. With the market gearing up for its busiest time of year, it’ll be important to make sure your house shines bright among the competition.
Here are some valuable tips you can use to get your house market-ready.
Declutter and Organize
First impressions matter, and if your house is a mess, that can easily turn off potential buyers. Before listing, take the time to declutter and organize each room. Decluttering is about more than just tidying up – it’s about creating a sense of space and openness that allows potential buyers to envision... Read More
By Patrick S. Duffy | US NEWS & WORLD REPORT
Monthly costs in these locations start as low as 18% of local per capita incomes, compared with the national average of 39%.
Detroit may not be the most undervalued area for long. Its economy will continue to see steady growth in the years ahead with more jobs and higher wages for area residents.
The most undervalued markets to purchase a home continue to be located predominantly in the Midwest and the East Coast, led by Detroit, Cleveland, Philadelphia, St. Louis and Oklahoma City.
The most undervalued markets to rent a home are also concentrated in the Midwest, led... Read More
By Jillian Pretzel | Realtor.com
Thinking about selling your house in 2024? While many home sellers wait until spring to put their property on the market, there are some distinct advantages to getting ahead of the curve this year and listing sooner rather than later.
Generally, the cold weather season causes home sales to be sluggish, but this winter is a bit different. High interest rates kept much of America’s real estate market in a deep freeze for most of 2023. But now that rates have subsided a bit in the new year, there is a whole lot of pent-up demand (and supply) that could burst onto the market at any... Read More
Curious about homeowners association fees? Here’s how HOA fees are collected and used.
By Kristine Gill | Better Homes
There are two major components to a homeowners association (HOA). The first is that the organization oversees a set of rules particular to the residential community. The second component is the associated fee required for living in the community and how the HOA fees benefit the homeowners.
“An HOA fee is typically structured per community to enforce rules and regulations so it can set the covenants, conditions, and restrictions,” says Donna Soda, Realtor and global real estate advisor. “The idea is to maintain the community in a beautiful manner.”
What is a homeowners association?
A homeowners... Read More
By our friends in KCM
If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale.
The Mortgage Rate Lock-In Effect
Over the past year, one factor that’s really limited the options for your move is how few homes were on the market. That’s because many homeowners chose to delay their plans to sell once mortgage rates went up. An article from Freddie Mac explains:
“The lack of housing supply was partly driven by the rate lock-in effect. . . . With higher rates, the... Read More
By Kristine Gill | Better Homes
Experts outline the average cost to stage a home, including factors that affect costs and a breakdown of home staging expenses.
Preparing to sell your home includes embarking on a laundry list of tasks with conflicting advice from all sides. Friends and family might have might have told you that staging your home isn’t necessary, while your real estate agent might be suggesting it. So, do you need to stage your home? Or is a quick clean and decluttering just as effective?
“I can confidently say that staging always offers a return on investment,” says Dot Frank, a realtor with Better Homes and Gardens Real Estate Alliance Group.... Read More