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Your House May Be High on the Buyer Wish List This Holiday Season

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Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best choice you can make. This year, buyers want to purchase homes for the holidays, and your house might be the perfect match.

Here are seven great reasons not to wait to sell your house this holiday season:

1. Buyers are active now. Mortgage rates are historically low, providing motivation for those who are ready to get more for their money over the life of their home loan.

2. Purchasers who look for homes during the holidays are serious ones, and they’re ready to buy.

3. You can restrict the showings in your house to days and times that are most convenient for you, or even select virtual options. You’ll remain in control, especially in today’s sellers’ market.

4. Homes decorated for the holidays appeal to many buyers.

5. Today, there’s minimal competition for you as a seller. There just aren’t enough houses on the market to satisfy buyer demand, meaning sellers are in the driver’s seat. Over the past year, inventory has declined to record lows, making it the opportune time to sell your house (See graph below):

6. The desire to own a home doesn’t stop during the holidays. Buyers who have been searching throughout the fall and have been running into more and more bidding wars are still on the lookout. Your home may be the answer.

7. This season is the sweet spot for sellers, and the number of listings will increase after the holidays. In many parts of the country, more new construction will also be available for sale in 2021, which will lessen the demand for your house next year.

Bottom Line 

More than ever, this may be the year it makes the most sense to list your house during the holiday season. Get in touch with us to determine if selling now is your best move!

 

Article originally published at https://www.keepingcurrentmatters.com/2020/11/25/your-house-may-be-high-on-the-buyer-wish-list-this-holiday-season/.

4 Ways Your Bathroom Can Impact the Value of Your Home

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Most real estate professionals agree that a home’s kitchen and bathroom are two of the biggest selling points for homebuyers. However, even if you’re not planning to sell your home in the near future, you should want your bathroom to be as cozy and accommodating as possible since most people spend considerable time in that room each day.

To add value to your home, or just make it more attractive and useful, here are several upgrades to consider:

Shower, Tub, Sink, and Toilet

Have an expert check your bathroom plumbing to ensure it remains in good condition. Repair any leaks in the water lines and remove evidence of mold or mildew. Fix a dripping faucet and replace worn or rusty hardware in your shower, tub, or sink. Additionally, remove hard water stains in the toilet bowl or grunge around the base.

You may want to repair or replace fixtures that appear dated or that show wear, such as a chipped bathtub finish or cracked counter. Also, consider adding a bidet for convenience.

Lighting

Outdated lighting fixtures can make a room look unstylish and boring. If the electric isn’t up to code, that issue should be handled immediately to ensure safety while using bathroom appliances like a blow dryer or electric shaver. Install recessed lighting or wall sconces to coordinate with the rest of your home decor. Also, dress up any windows with bamboo shades or a cheerful valance—and let the sunlight in when possible.

Flooring

A bathroom floor that’s cracked or showing signs of age can be replaced affordably by utilizing newer water-resistant floor tile or linoleum. Choose a style that meshes with your bathroom’s color scheme and blends with the rest of your home. New flooring can immediately brighten up a bathroom to make it feel more welcoming and updated.

Decor

You may want to paint or add wallpaper to just one wall to bring some personality to your bathroom. Add a couple plants that will thrive on the moisture and help reduce the risk of mold. A wall shelf for decorative vases, flowers, or linens adds storage to make the bathroom more functional. Additionally, hang framed wall art to go with a themed shower curtain as focal points of interest. And a bath mat or throw rug can add a spot of color to bring everything together.

It won’t require much time or money to get your bathroom in top condition. You can continue to enjoy it indefinitely or be assured that if you decide to sell your home, the updated bathroom might just help to clinch a sale.

 

Article originally published at http://blog.rismedia.com/2020/bathroom-impact-value-home/.

Real Estate Is a Driving Force in the Economy

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As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.

Today’s high buyer demand combined with low housing inventory means we’re seeing home prices appreciate at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates. According to Freddie Mac:

The record low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth.

These factors are driving a positive impact on the economy as a whole. According to the National Association of Realtors (NAR), the real estate industry provided $3.7 billion dollars of economic impact to the country last year. To break it down, in 2019, the average newly constructed home contributed just over $88,000 per build to local economies. Across the country, real estate clearly makes a significant impact (See map below):

In addition, the Bureau of Economic Analysis recently announced the U.S. Gross Domestic Product increased at an annual rate of 33.1% in the 3rd quarter of this year, after decreasing by 31.4% in the second quarter. There’s no doubt the growing economy is being fueled in part by the soaring housing market. Experts forecast this housing growth to carry into 2021, continuing to make a big impact on the economy next year as well.

Bottom Line

The American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time.  Best of all, the housing market is making a significant impact as the economy recovers.

 

Article originally published at https://www.keepingcurrentmatters.com/2020/11/04/real-estate-is-a-driving-force-in-the-economy/.

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While you’re here, please check out 80132 homes for sale in Monument, CO, as well as other real estate listings around the area.  View listings, photos, market data, and use our detailed real estate filters to find the perfect place.

Please contact us today at (719) 425-8929 to buy or sell real estate in Colorado Springs and Monument, Colorado – or for help with your property management and probate real estate needs – we would love to speak with you!

Sincerely,

Claire and Jeff Garlick of Blessings Realty