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November 2019

Whether you own a home or are looking to buy or sell one, here are some useful tips, ideas and advice. When you’re ready to make your move, let's talk about it!

Berkshire Hathaway HomeServices Michigan Real Estate
Stephanie Sherriff
Luxury Collection Specialist
2694880417
lofatlaugh@aol.com
www.yourgalinkalamazoo.us

 

HOMEBUYERS’ ADVICE

Good Reasons to Buy During the Holidays

Did you know that the holidays are among the best times of the year to buy a home? Put a giftwrapped set of housekeys under your Christmas tree and ring in the new year with a new abode you’ll love. Here are a few reasons why now is the time.

Home prices aren’t going down. The U.S. Economic Outlook from the National Association of REALTORS in September 2019 predicts that this year will end with a median national home price of $269,600, while home prices in 2020 will reach $278,500, a difference of $8,900 or 3%. In fact, home prices steadily rose for 89 months as of July 2019.

Mortgage interest rates are favorable. Mortgage interest rates are at or near three-year lows and are expected to stay low, making it possible for fall homebuyers to lock in record-low interest rates. That’s something to give thanks over in November! Lower rates make homes more affordable than they were a year ago, when rates were higher.

Less competition for homes. Over 51% of homes were sold in less than a month in July 2019, as families were pressed to move into their new homes before the new school year that starts in September.  Housing traffic historically slows down in mid-winter. Sellers may be more willing to negotiate if they know you’re serious about buying a home. Get prequalified for your loan and time could be on your side.

HOME IMPROVEMENT ADVICE

How to Choose New Kitchen Cabinets

Cabinets set the style for any kitchen, and with advances in functionality as well as beauty, your new cabinets should transform your food prep workspace. According to Consumer Reports, new cabinets account for about 40% of an overall kitchen remodel budget, so it’s important to get the look and features you want.

The most popular cabinet doors today are flat fronted or framed with hidden hardware for a modern esthetic. Look for “quiet closing” cabinets that close on their own to prevent slamming. Storage options that pull down, rotate or lift up can deliver equipment to you without bending over or getting a stepladder. Drawers that pull out under countertops are easier to use than shelves because you can see everything that’s stored. Cabinets that reach the ceiling can accommodate items you don’t use daily, like holiday dinnerware.

Many new kitchens have various wood grains and stains, factory-painted wood, and porcelain or laminate cabinet fronts. Island cabinets often feature a contrasting color to the wall  cabinets.  

All kitchens have trouble spots that can be fixed with the right design. Hire a certified kitchen designer, who’s adept at space planning, traffic control and up to date on the newest products. They troubleshoot difficult areas with space-saving ideas such as shallower-than-standard cabinets for narrow galley kitchens.

Be open to new products that can save you valuable time, such as drink stations, refrigerated drawers and large trough sinks. Visit a few kitchen showrooms with your designer to get more ideas.

HOMESELLERS’ ADVICE

Staged Homes Sell Faster

In a survey released this year, the National Association of REALTORS found that 83% of buyers’ agents said that staging helps homebuyers visualize themselves living in the home and influences them enough to make higher offers.

Sellers’ agents report that homes sell faster and for more money. Over half said that staging sells a home faster, and about 22% say offers improve by 5%, while 17% reported improved offers of up to 10%. Two percent say offers increased by over 20 percent – over $50,000 for a median priced home, reports Housingwire.com.

These are just a few of the advantages to staging your home to sell, but there are other benefits for home sellers. 

Staging gives you a deadline.  Buyers shop by online photos first, so staging will showcase your home at its best – decluttered, freshly painted and displayed with new furniture and accessories that appeal to today's buyers.

Staging gives you great ideas. You’ll learn a lot about making rooms flow, creating focal points, improve lighting, and how to use color.

Check out www.stagerighthomestaging.com!  Carole Morgan and her talented team can create a look that will appeal to the current demographic and it will be love at first sight!

MI Lic #: 6501149935
5839 Oakland Dr. Portage, MI 49024

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