2020 Real Estate Forecast

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With a new year comes new real estate predictions!  From the National Association of REALTORS®, here is a list of expectations from the industry:

  • 30-Year Fixed Mortgage Average Rate:  3.8%
  • 15-Year Fixed Mortgage Average Rate:  3.1%
  • The Largest Homebuying Group:  25-34 year olds
  • 4% Increase in the Amount of New and Existing Home Sales is Expected, from 6 million in 2019 to 6.3 million in 2020

Give us a call today to see where we can take your home buying/selling journey! 502.223.3553

New Year Motivation!

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As 2019 comes to an end, I think we could all use some motivation for starting the new year with a BANG!  Here are some powerful motivational quotes to be reminded of:

1. “Winners don’t wait for chances, they take them’’. Anonymous

2. ‘’Consult not your fears but your hopes and your dreams. Think not about your frustrations, but about your unfulfilled potential. Concern yourself not with what you tried and failed in, but with what it is still possible for you to do’’. Pope John XXIII

3. ‘’Do the one thing you think you cannot do. Fail at it. Try again. Do better the second time. The only people who never tumble are those who never mount the high wire. This is your moment. Own it’’. Oprah Winfrey

4. ‘’We should not give up and we should not allow the problem to defeat us’’. A.P.J Abdul Kalam

5. ‘’Be miserable. Or motivate yourself. Whatever has to be done, it’s always your choice’’. Wayne Dyer

6. ‘’I’d rather attempt to do something great and fail than to attempt to do nothing and succeed’’. Robert H. Schuller

7. ‘’Even if you fall on your face, you’re still moving forward’’. Victor Kiam

8. ‘’Losers live in the past. Winners learn from the past and enjoy working in the present toward the future’’. Denis Waitley

9. ‘’Your limitation—it’s only your imagination’’ – source: Success.com

10. “Nothing worth having comes easy.” ― Theodore Roosevelt

 

Staging Tips for the Home Seller

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Selling can be overwhelming. You’re packing everything up, trying to make the house look pristine when all around you is what feels like chaos. Since buyers want that great first impression, you know it’s important to declutter—often that means cleaning until your home looks like it’s never been lived in. And while you’re rushing around, trying to find a new place for your items, it may seem like an impossible task.

Take a breather—it’s actually easier than you think. Here are four staging tips that are so easy they may not have even crossed your mind:

Decorate for the potential buyer. You know who this is because you were once this person! If you’re in a starter home neighborhood, the buyer will likely be a younger individual or couple who is looking for more space after cramped apartment living. Pick some trendy paint colors like lilac gray or muted pastels and keep the decor minimalistic and modern. Forget decorating a kid’s bedroom and opt for an office layout in the second bedroom instead.

If you’re looking to downsize from a, say, four-bedroom house on a cul-de-sac, you’re probably going to attract the family crowd. Emphasize your space by decorating according to their needs. Have a finished basement? Amp up the recreational feel with some movie theater loungers or make it a game room!

Think about your neighborhood as well. If you’re in walking distance to a dog park, you may find that your buyer has a furry roommate. If your home is near a highly-rated school, that’s also an indicator that kids may come with the package for whoever owns your home next.

Use resources. You don’t have to take on this process all by yourself. Rent a storage unit so you don’t have to worry about hiding away your must-keeps. This way, these items are already neatly packed away and ready for your new home, and they won’t get in the way of a buyer who isn’t looking to see how bad your shopping addiction is.

Additionally, hire a cleaning company. You can find some relatively affordable options, and this will help you stay stress-free throughout the process. Once it’s clean, all you have to worry about is keeping it that way!

Focus on the small accessories. Take a tour of your own home, but with fresh eyes. What do you see that stands out as grungy, old and just a complete turn-off? This can be anything from a sticky, splattered garbage bin that needs a good cleaning to your shower curtain which has a dense layer of soap scum that’s going to scare even the bravest buyers away. Replace any small accessories that won’t cost you a fortune, and clean anything that can look like new with some TLC.

Use your nose. Again, take a tour of your home, but this time focus on what you’re smelling. A better option might be to find a friend or family member who can volunteer to do this for you—someone who doesn’t live with you or isn’t over all the time. Identify the sources of odor in your home and figure out a solution. The last thing you want is for a buyer to come in and quickly be hit by an unpleasant smell.

The cleaning and decluttering should help with this, but there are other things you can do to ensure your home is a breath of fresh air:

  • Open up the windows! Let your home air out for an hour or two.
  • Light some candles to freshen up the rooms.
  • Bake a cake or some cookies right before a potential buyer comes over.

Staging can be easy if you just put yourself in the buyer’s shoes. It is, however, more than just moving around furniture and putting away the excess items. Think back to the tour you took yourself before buying this home. What stood out to you—both good and bad? Think about how it all impacts the senses. Of course, trends change, but the overall feeling of clean and tidy is always the first thing people notice. And customizing your home with some easy staging tricks can make a big difference!

This article was written by Liz Dominguez and published by RIS Media July 2019

Being a Newer Agent in Real Estate

Let me set the stage real quickly: Towards the end of May 2019 I began studying and taking my course in order to obtain my Kentucky Real Estate License.  I had just finished my junior year at the University of Kentucky and was more than ready for a summer break, but also knew if I […]

The post Being a Newer Agent in Real Estate appeared first on Cassidy R. Smith.

Tips for Buying a Home in The Winter

Home shopping is exciting, sometimes so exciting you lose sight of some important things.  When looking for a home to purchase in the winter you will be exposed to different factors that may impact your decision in whether or not you should make an offer on a property.  Take a look at these tips to […]

The post Tips for Buying a Home in The Winter appeared first on Cassidy R. Smith.