Monday, September 20, 2021 / by Nicole Solari
If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below):As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than doubled to over 10 years. The housing industry refers to this as your tenure.
To really explore tenure, it’s important to understand what drives people to make a move. An article from The Balance explores some of the primary reasons individuals choose to sell their houses. It says:
“People who move for home-related reasons might need a larger home or a house that better fits their needs, . . . Financial reasons for moving include wanting a nicer home, moving to a newer home to avoid making repairs on the old one, or cashing in on existing equity.”
If you’ve been. ...
Monday, September 13, 2021 / by Nicole Solari
If you’re on the fence about whether or not you want to sell your house this year, there’s good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic. Over the last year, agents have adopted new technologies and safety measures designed to keep you safe. And experts say these practices are here to stay. As Bob Goldberg, CEO of the National Association of Realtors (NAR), puts it:
“The pandemic has confirmed to all of us in the industry that technology will continue to transform real estate.”
Below is a closer look at some of the new tools real estate professionals are using to better serve sellers.
New and Existing Technology Are Impacting the Process
In the 2021 Realtor Technology Survey, NAR asks real estate professionals their opinions on the most valuable pieces of technology for their business over the past 12 months. The graph below highlights the top five. ...
Friday, September 3, 2021 / by Nicole Solari
An Entertainer’s Dream: Top Backyard Upgrades Your Summer Guests Will Eat Up
As warm weather returns, many of us are happy to say goodbye to cold grey skies and welcome the return of outdoor living. Patio restaurants, park days, and even just evening strolls make life a little more varied and bright. When it comes to entertaining and having people over to your home, a backyard oasis really makes the experience complete, whether you’re eating dinner on the patio or relaxing with delicious beverages by the fire. If you’re hankering for a home project, here are some backyard upgrades that will offer you great options for entertaining. If you’re also selling a house this summer, they can be attractive draws for potential buyers as well.
Flocking to the Firepit
On the HomeLight's Q1 2021 Survey of Real Estate Agents, the top feature for backyard entertaining is to add a firepit. Making a firepit special really comes with the seating options, since most fire pi; ...
Wednesday, September 23, 2020 / by Nicole Solari
Price, condition, location, appearance and financing remain major drivers for home buyers everywhere. But, required amenities and how buyers pinpoint, “tour,” and purchase the homes they find desirable has changed significantly -- and maybe permanently -- this year.
In response to COVID, home offices, more space, well equipped kitchens, bigger backyards, workout rooms, even Zoom studios have moved onto the must-have list for many buyers. Sellers must also recognize that today’s buyers are not just ok with technology. They use it for everything.
1. Sellers have to get real fast.
While selling can be very emotional for homeowners, today’s sellers must be willing to set their emotions aside and approach a home sale as the business transaction it is. If they’re in a slow market or natural disaster zone, taking a wait-and-see approach could be the smart move. If they must sell as-is now, they will have to be a. ...
Friday, April 10, 2020 / by Nicole Solari
Believe it or not, there are lots of things you can do to prep your house for a sale without even going to the store.
Your real estate plans don’t have to be completely on hold even while we’ve hit the pause button on other parts of daily life.
Tackling small projects from cleaning the corners you may normally skip to tidying up your yard are easy and necessary wins if you’re thinking of listing your house and making a move. ...