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Make Your House the Top Thing on Every Buyer’s Wish List This Season

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With the holidays right around the corner, homeowners planning to move have a decision to make: sell now or wait?

Some may even consider taking their house off the market until next spring. But is that the best choice? Because at this time of year, your home can really stand out.

Here’s the thing: there are plenty of buyers out there who want to be in a new home by the holidays, and your house might be just what they’re looking for. As an article from Redfin says: 

“. . . there is typically less inventory in the housing market this time of year, allowing your home to easily stand out among the available inventory. And though there are technically fewer buyers overall, the homebuyers that are looking are far more serious about finding a home within a specific timeframe. . . selling your home during the holidays might be your best present this year.”

Here are four key reasons you may not want to wait to sell your house.

1. Serious Buyers Are Looking Right Now 

The holiday season doesn’t put a pause on the desire to own a home. Sure, some buyers might delay their search until next year, but others have a reason they need to move now. These buyers are highly motivated and ready to make a serious offer. As Investopedia says:

“Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer. Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale.”

2. You Have an Inventory Edge

While there are more homes coming to the market right now, overall, the number of houses available to buy is still low. 

So, what does that mean for you? If you work with a trusted agent to price your house right, it could still sell pretty quickly. That’s because today’s buyers are on the hunt for quality options – and your home may be exactly what they’re searching for.

3. You Have Control Over Your Showings 

Selling during the holidays doesn’t mean constantly disrupting your schedule. You have the flexibility to set up showings at times that work best for you. This is especially helpful during a busy season, and many buyers are likely to be more flexible with their schedules since they often have extra time off around the holidays.

Now, it’s always better to offer more flexible access to your house. But the reality is, you don’t have to stop the process entirely – especially when you have a great agent to help you navigate each step along the way.

4. Holiday Décor Can Make Your House Shine

For many buyers, a tastefully decorated home can create a warm, inviting atmosphere. It’s easy for them to imagine holiday gatherings and cozy nights in a space that feels just right. Keep your choices simple to let your home’s charm shine through. An article on holiday home-selling advises:

“If you’re selling around a holiday and have decorations up, make sure they accent—not overpower—a room. Less is more.”

Bottom Line

There are plenty of good reasons to put (or keep) your house on the market during the holidays. Reach out to a local real estate agent and see if this is your moving season.

Read more like this at Keeping Current Matters

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11 Illuminating Kitchen Lighting Ideas Homeowners Need to Try

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How your kitchen is lit can affect how well your spaghetti squash is sautéed or whether your guests feel welcome when you’re sharing cocktails at the kitchen island.

The kitchen is a home’s most multifunctional space – and how this gathering area is lit can affect how well your spaghetti squash is sauteed or whether your guests feel welcome when you’re sharing cocktails at the kitchen island.

How does a homeowner accomplish both at the same time? Designer Paul de Andrade, owner of Studio Kestrel in New York City, says the best kitchen lighting designs require multiple light sources in varying types, all of which are tunable.

For example, de Andrade recommends using high-quality LED strip lights under cabinets, which illuminate the entire countertop area. He suggests lighting with a color-rendering index, or CRI, of 90+ so strawberries look bright red and salads look crisp green.

“Lower quality lighting can make your countertop look washed out and sepia colored, which makes food seem dull and unappealing,” de Andrade says.

Here are 11 similarly bright techniques interior designers and kitchen experts propose that will make any kitchen feel warm and welcoming.

Layer Those Lights

Kitchens have a lot of activity: cooking, hanging out or entertaining. That means lots of lighting in various spaces, says Jessie Brinkley, an architectural designer with Melichar Architects in Lake Forest, Illinois.

“Kitchens require a lot of functionality in addition to beauty. Since there are so many affordable options available today, we are seeing layers of lighting that offer up lots of operational flexibility," Brinkley says. "Function task lighting and decorative lighting – small recessed, under-cabinet, in-cabinet, pendant lighting – work in combination.”

Consider a Chandelier

If you want to make a style statement, add a bit of fanciness to the kitchen, says Courtney Cole, an Australian interior designer with TileCloud.

“Chandeliers are returning to kitchens, especially in more traditional or farmhouse-style spaces. If you want to give the room a luxurious touch, these will give you just that – especially when used over a dining area or kitchen island,” Cole says.

Mix Up Your Finishes

Not every light in your kitchen needs to be made from glass, says Alan Berman, president at Archetype Architecture in New York City.

“Think brass, leather, marble and artisan glass fixtures that tell a story. Mixing textures and styles creates a vibrant visual experience, making spaces feel alive and expressive with lighting as a key narrative element,” Berman says.

Try a Trend

Kitchen trends that are popular and will continue to evolve in the years ahead include biophilic or nature-inspired design as well as sustainability, says Riki Lent, senior vice president of Kalco Lighting and Allegri Crystal in New Windsor, New York. This translates to kitchens that have warmer tones, softer shapes and an increased use of renewable materials.

“There’s also a strong desire to infuse personality into interiors, so handcrafted elements that artfully infuse unique materials are becoming more important,” Lent says.

Move Past Pedestrian Pendant Lights

Pendant lighting is a homeowner’s chance to make a statement, de Andrade says. “Nowadays there are so many beautiful options, so try something sculptural or alabaster or rattan," he says. "It’s a great way to break away from the often boring and utilitarian design of a kitchen and create a space that blends seamlessly with the rest of your home.”

Don’t Be Down on Downlights

The kitchen is the heart of the home, so its lighting needs to reflect that and be bright, warm and welcoming, says Antonia Caicedo, the interior architect and design director at Jimeco Interiors in Miami Shores, Florida.

"Overly bright lighting that works well in a garage or office space may not be the best for a kitchen space. Opt for a mix of downlights and pendants to achieve the perfect combination of functional and decorative,” Caicedo says.

Dimmer May Be Better

Dimmer switches can be a kitchen’s best assets, says Ashley Macuga, principal designer at Collected Interiors in San Francisco.

“Bedtime doesn’t necessarily mean a kitchen’s work is done. The middle of the night glass of water or midnight snack is better enjoyed under the soft glow of a sink pendant light," Macuga says. "Kept on a warm dim, it mimics the natural glow of sunset, helping you see without signaling to your brain that it’s time to wake up and start the day.”

Use Lights to Show Off Your Stuff

If you have a special piece you love to serve on or maybe a great family collectible, light it up, says Gabrielle Bove, owner of Opaline Interiors Studio in Boston.

“I love to hide LED tape lighting in specialty display cabinets to highlight my clients’ dinnerware and glassware collections. These types of lights are perfect to turn on when you have company over for a dinner party and provide an element of interest,” Bove says.

Take Tech to the Next Level

Bryce Crowley is co-owner of Kitchen Solvers of La Crosse in Wisconsin, working with clients on new custom cabinetry designs. He says homeowners need to add technology to their kitchen-lighting schemes.

“The integration of smart-lighting technology allows homeowners to control brightness and color temperature via smartphone apps or voice commands, enhancing the kitchen’s versatility for different tasks and moods,” says Crowley.

Add Smaller Shelf Lamps

Many homeowners have small or open shelving on either side of their sinks, and these areas can become landing zones for junk or miscellany. Instead, add pretty pendants on either side or bring in a decorative lamp to that otherwise dead space, says Tracy Metro, a Los Angeles-based interior designer and host of interior design show "House Doctor" on Netflix. “If you have opening shelving in your kitchen, putting a small table lamp on the shelf with a special shade adds so much style to the kitchen,” Metro says.

Don’t Forget the Small Details

Everyone always thinks about what’s above our heads – what about those spaces at our feet? That’s where a homeowner with a great designer can have some fun, says Leslie Dapper, lead designer at Rumor Designs in Steamboat Springs, Colorado.

“Under-cabinet lighting and toe-kick lighting for kitchens are both great ideas and easy to do yourself with things like LED light strips and rechargeable lights,” Dapper says.

Read more at USNews.com

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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Don’t Let These Two Concerns Hold You Back from Selling Your House

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If you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market.

Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed because you think you won’t find a house you like.

To put your mind at ease, here’s how to tackle these two concerns head-on.

Is It Even a Good Idea To Move Right Now?

If you own a home already, you may have been holding off because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a lot more feasible than you think, and that’s because of your equity.

Equity is the current market value of your home minus what you still owe on your loan. And thanks to the rapid appreciation we saw over the past few years, your equity has gotten a big boost. Just how much are we talking about? See for yourself. As Dr. Selma Hepp, Chief Economist at CoreLogic, explains:

“Persistent home price growth has continued to fuel home equity gains for existing homeowners who now average about $315,000 in equity and almost $129,000 more than at the onset of the pandemic.”

Here’s why this can be such a game-changer when you sell. You can use that equity to put down a larger amount on your next home, which means financing less at today’s mortgage rate. And in some cases, you may even be able to buy your next home in cash, avoiding mortgage rates altogether.

The bottom line? Your equity could be the key to making your next move possible.

Will I Be Able To Find a Home I Like?

If this is on your mind, it’s probably because you remember just how low the supply of homes for sale got over the past few years. It felt nearly impossible to find a home to buy because there were so few available.

But finding a home in today’s market isn’t as challenging. That’s because the number of homes for sale is growing, giving you more options to choose from. Data from Realtor.com shows just how much inventory has increased – it’s up almost 30% year-over-year (see graph below):

 
 

And even though inventory is still below pre-pandemic levels, this is the highest it’s been in quite a while. That means you have more options for your move, but your house should still stand out to buyers at the same time. That’s a sweet spot for you.

It’s important to note, though, that this balance varies by local market. Some places may have more homes for sale than others, so working with a local real estate agent is the best way to see what inventory trends look like in your area. 

Bottom Line

If you’re thinking about selling, hopefully these concerns haven’t kept you up at night. With this information, you should realize you don’t have to let the what-if’s delay your move anymore.

Connect with a local agent so you have the data and the local perspective you need to move forward.

Read more at CNBC.com

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Home sales surged in October, just before mortgage rates jumped

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A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer.

Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 2.9% higher than October of last year, marking the first annual increase in more than three years.

This count is based on signed contracts, meaning most of the deals were made in August and September. During that time, the average rate on the popular 30-year fixed mortgage was falling. It started August around 6.6% and dropped to a low of 6.11% by mid-September, according to Mortgage News Daily.

“The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” said Lawrence Yun, NAR’s chief economist, in a release. “Additional job gains and continued economic growth appear assured, resulting in growing housing demand. However, for most first-time homebuyers, mortgage financing is critically important. While mortgage rates remain elevated, they are expected to stabilize.”

There were 1.37 million units for sale at the end of October, an increase of 19.1% from October 2023. That puts inventory at a 4.2-month supply at the current sales pace. It is still on the leaner side, as a six-month supply is considered balanced between buyer and seller.

Tight supply continues to put upward pressure on prices. The median price of an existing home sold in October was $407,200, an increase of 4% from the year before. By price category, the higher end of the market is seeing more activity than the lower end.

“We still need another 30% in inventory just to get us back to the pre-Covid conditions,” Yun said.

The share of all-cash buyers pulled back to 27%, down from 29% in October 2023. That is still high historically, but lower mortgage rates likely caused that share to drop.

First-time buyers made up 27% of sales, down from 28% the year before and still historically low. They usually make up 40% of sales.

Mortgage rates are much higher now, at 7.05% on the 30-year fixed. A new report from Redfin, however, showed a recent surge in the number of potential buyers contacting its agents, particularly after the election. Its so-called demand index rose 17% year over year during a one-week period in mid-November to the highest level since August 2023.

“The burst of buyers and sellers jumping into the market is the result of pent-up demand from people who were waiting for the election to pass, and for the Fed to cut interest rates a second time,” said Chen Zhao, Redfin’s economic research lead. “Now we’re keeping a close eye on whether this is a short post-election boom, or if it translates into a steady improvement in pending sales.”

Read more at CNBC.com

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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Map shows options for people hoping for permits to cut down their own Colorado Christmas tree

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A memorable experience, cutting a holiday tree is a special tradition to share with family and friends while helping to maintain a healthy forest.

For many families, venturing into the forest to cut a Christmas tree for the holidays is a treasured tradition carried on for generations, while others may just be discovering the thrill of searching for the perfect holiday centerpiece.

For every tree that is found, cut and carried home as a holiday fixture, you’re also contributing to the overall forest health. Christmas tree permits are a unique opportunity for citizens to help thin densely populated stands of small-diameter trees – the perfect size for a Christmas tree.

People who are interested in cutting down their own Christmas trees in the wild this year in Colorado can do so by purchasing a permit at recreation.gov/tree-permits. The website allows you to view maps of cutting areas and learn more about the types of trees that can be cut.

The website also offers safety tips.

The tree cutting process contributes to the overall forest health by helping to "thin densely populated stands of small-diameter trees."

Read more at CBSNews.com and Recreation.gov

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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