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17 INEXPENSIVE HOME STAGING TIPS
1. Touch
up all interior paint or repaint it completely in a rich designer color
with white trim.
2.
Pressure-wash the exterior and
repaint the exterior trim, shutters and front door.
3.
Place a new friendly welcome
mat at the front door.
4.
Replace old exterior lights
with new contemporary fixtures.
5.
Clean all windows inside and
out.
6.
Repair or replace broken window
screens and bent frames.
7.
Fix dripping faucets and
replace discolored, rust-stained sinks.
8.
Replace the hardware on
interior doors for a more updated look.
9.
Clean or install new interior
light fixtures and replace burnt-out bulbs.
10.
Get rid of/store unused
clothing and organize your closets to make them appear larger.
11.
Re-caulk tubs, showers and
countertops with fresh white grout and acid-wash shower bottoms.
12. Clean
and add, remove or replace window coverings. Two inch blinds are a favorite.
13. Clean,
repair and re-stretch or replace carpeting.
14.
Clean and organize the garage,
attic and basement. Rent a storage
unit or POD if necessary.
15.
Renovate/rejuvenate the
landscape, reseed the lawn, add color with flowers.
16.
Pack and store collections and
personal items.
17.
Replace old electrical switches.
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Monday, April 29, 2013
17 Inexpensive Home Staging Tips
Wednesday, April 24, 2013
Why do I Need a Home Inspection?
Why, you ask, do I need to spend money for a home inspection?
Buying a home is the largest single investment most people ever make. What you can't see and don't notice can come back to cost you hundreds, even thousands of dollars.
In North Carolina sellers must disclose material facts that they know are wrong with their home, however sometime issues remain hidden and it isn't until the home inspection is complete that they are uncovered. A home inspection may identify the need for major repairs or builder oversights, as well as the need for maintenance to keep it in good shape.
To minimize unpleasant surprises and unexpected difficulties, you’ll want to learn as much as you can about the newly constructed or existing house before you buy it. Most good Home Inspectors are eager to share their knowledge and "school" you on the home you have under contract to purchase. After the inspection, you will know more about the house, which will allow you to finalize your decisions with confidence.
If you already are a homeowner, a home inspection can identify problems in the making and suggest preventive measures that might help you avoid costly future repairs. It can make your home more salable when buyers know that you've been proactive in addressing any issues that may exist. The potential for surprise repairs is also minimized for the seller which is important when you consider that the price for the home has already been negotiated between the buyer and seller.
All buyers should have a home inspection and it can often be beneficial for sellers. If you would like to talk to a Home Inspector in the Triad contact National Property Inspections for more information. Mike Hunger is a trusted inspector which is just what you need when making a home investment decision.
Buying a home is the largest single investment most people ever make. What you can't see and don't notice can come back to cost you hundreds, even thousands of dollars.
In North Carolina sellers must disclose material facts that they know are wrong with their home, however sometime issues remain hidden and it isn't until the home inspection is complete that they are uncovered. A home inspection may identify the need for major repairs or builder oversights, as well as the need for maintenance to keep it in good shape.
To minimize unpleasant surprises and unexpected difficulties, you’ll want to learn as much as you can about the newly constructed or existing house before you buy it. Most good Home Inspectors are eager to share their knowledge and "school" you on the home you have under contract to purchase. After the inspection, you will know more about the house, which will allow you to finalize your decisions with confidence.
If you already are a homeowner, a home inspection can identify problems in the making and suggest preventive measures that might help you avoid costly future repairs. It can make your home more salable when buyers know that you've been proactive in addressing any issues that may exist. The potential for surprise repairs is also minimized for the seller which is important when you consider that the price for the home has already been negotiated between the buyer and seller.
All buyers should have a home inspection and it can often be beneficial for sellers. If you would like to talk to a Home Inspector in the Triad contact National Property Inspections for more information. Mike Hunger is a trusted inspector which is just what you need when making a home investment decision.
Monday, April 22, 2013
Thursday, February 28, 2013
Housing Is on a Sustained Growth Path
The housing market is “on a sustained growth path,” according to the latest economic outlook by Fannie Mae’s Economic & Strategic Research Group.
"One of the key developments for the housing market last year was the general consensus that home prices, on a national basis, bottomed earlier in the year and continued to build momentum, exhibiting robust year-over-year gains unseen since the housing boom," according to the report.
Housing inventories are at the lowest since December 1994 and fewer distressed homes have helped to lift home prices, according to Fannie Mae economists.
Among some of Fannie Mae economists projections for this year:
"One of the key developments for the housing market last year was the general consensus that home prices, on a national basis, bottomed earlier in the year and continued to build momentum, exhibiting robust year-over-year gains unseen since the housing boom," according to the report.
Housing inventories are at the lowest since December 1994 and fewer distressed homes have helped to lift home prices, according to Fannie Mae economists.
Among some of Fannie Mae economists projections for this year:
- Home prices: Fannie Mae economists predict that the median price of existing homes will increase 2.3 percent on an annual basis this year, reaching $181,000. The median price of a new home will likely increase 1.6 percent to $248,000. For 2014, economists predict that home prices will increase an extra 2.8 percent.
- Home sales: Existing-home sales will likely rise 11.5 percent in 2013, and new-home sales will rise 12.5 percent, economists predict.
- Mortgage rates: Rates will likely edge up slightly this year with 30-year fixed-rate mortgages projected to average 3.8 percent this year and rise to 4.4 percent in 2014.
Tuesday, February 5, 2013
Clemmons West Home For Sale
Click the link below to preview a great home available in Clemmons West, listed in January of 2013 and brought to you by Mary Plybon of Century 21 Triad.
http://www.announcemymove.com/announcement.php?id=18610714&code=2RXAdo3gm"
http://www.announcemymove.com/announcement.php?id=18610714&code=2RXAdo3gm"
Monday, January 14, 2013
Clemmons West Home Sales in 2012
There were 23 homes sales in Clemmons West in 2012. Although some sales were bank owned properties the overall statistics remain strong. The median number of days on the market (DOM) was 162 and the median list to sale price was 95%.
If you are interesting in selling your home note the four key components to homes sales:
1. Location
2. Price
3. Condition of property
4. Marketing
Clemmons West continues to be a desirable neighborhood due to convenience, schools, amenities and community. As a seller you control the listing price of your home and the condition. A home in top condition priced at market value will bring a buyer in the shortest amount of time. Marketing is controlled by the Realtor you select. Combining traditional methods with more cutting edge approaches will get the message out to the widest number of buyers. Great communication with your Realtor is also key to staying on track. If you want a Realtor who knows Clemmons West and will work for your best interest, then give me a call today for a free consultation. As your neighbor and a professional in the industry I would love to help you achieve your goals. Call me today for a free market analysis of your homes value.
Mary Plybon, Realtor
Century 21 Triad
336-712-5351
| Address | Date Sold | Sold Price | Original Ask | DOM |
| 3621 Edgemoor Ct | 1/13/2012 | $260,000 | $289,900 | 85 |
| 7031 Bridgewood Rd | 1/30/2012 | $232,000 | $247,500 | 104 |
| 734 Barrocliff Rd | 2/22/2012 | $215,001 | $214,000 | 13 |
| 3680 Tanglebrook Trl | 2/23/2012 | $204,000 | $217,900 | 97 |
| 176 Norridge Ct | 4/18/2012 | $238,900 | $244,900 | 22 |
| 3602 Tanglebrook Trl | 4/27/2012 | $173,000 | $179,900 | 184 |
| 6919 Bridgewood Rd | 5/25/2012 | $197,000 | $200,000 | 202 |
| 151 Roquemore | 6/28/2012 | $172,000 | $229,900 | 118 |
| 536 Drumheller | 7/27/2012 | $211,000 | $249,900 | 440 |
| 584 Maidstone Ln | 8/8/2012 | $206,000 | $219,900 | 36 |
| 323 Epping Rd | 8/9/2012 | $232,000 | $259,000 | 431 |
| 3727 Squirewood | 8/17/2012 | $263,000 | $275,000 | 124 |
| 734 Barrocliff Rd | 8/28/2012 | $225,000 | $239,900 | 20 |
| 133 Roquemore | 9/14/2012 | $228,000 | $244,900 | 323 |
| 106 Roquemore | 10/10/2012 | $175,000 | $194,900 | 141 |
| 124 Roquemore | 10/11/2012 | $179,500 | $197,900 | 117 |
| 7530 Idols Rd | 10/17/2012 | $228,500 | $239,900 | 90 |
| 7078 Whitby Ave | 10/31/2012 | $205,000 | $219,500 | 218 |
| 7077 Whitby Ave | 11/14/2012 | $246,000 | $267,500 | 114 |
| 7563 Tanglewood Ct | 12/7/2012 | $140,000 | $179,900 | 94 |
| 3655 Tanglebrook Trl | 12/20/2012 | $285,000 | $299,900 | 168 |
| 590 Barkworth Rd | 12/21/2012 | $215,000 | $279,900 | 504 |
| 6966 Bridgewood Rd | 12/28/2012 | $293,000 | $299,900 | 100 |
Thursday, December 20, 2012
Home Prices Could Jump in 2013, J.P. Morgan Says
Home-price forecasts for 2013 are on the rise.
J.P. Morgan Chase & Co. expects U.S. home prices to rise 3.4% in its base-case estimate and up to 9.7% in its most bullish scenario of economic growth. Standard & Poor’s, which rates private-issue mortgage bonds, on Friday said it expects a 5% rise in 2013.
The J.P. Morgan analysts boosted their base-case estimate from 1.5% after a convincing rise in the “net demand” for housing this year has surpassed 2 million homes for the first time since 2006, said John Sim, a strategist at the investment bank. Net demand is the pace of existing home sales minus the inventory of homes available for sale.
“Net demand has picked up a lot in 2012,” said Mr. Sim. “Once you get north of the 2 million territory, you are in the positive growth area unless you get a lot of distressed inventory, which this year hit a low point” since at least 2008, he added. J.P. Morgan predicts that net demand to rise from 2.7 million next year from 2.3 million this year.
An expected increase in home prices in 2012 triggered a run into some of the riskiest real estate assets, such as subprime mortgage-backed securities from the real estate boom, and analysts including Mr. Sim expect that trend to continue. Rising home prices and the quest for yield has also given a tailwind to new mortgage bond issuance that has been mired in the fallout of the housing crisis and regulatory uncertainty for the past four years.
U.S. home prices nationwide increased on a year-over-year basis by 6.3% in October, the biggest increase since June 2006, according to CoreLogic. Investors zoning in on the increases bought subprime mortgage bonds, which have posted returns of more than 40% since December.
Home price increases could exceed J.P. Morgan’s base forecast if investors seeking yield push deeper into real estate, according to Mr. Sim’s home price report.
That may already be happening, considering recent comments by Luke Scolastico, a vice president at Credit Suisse, one of two issuers of mortgage bonds without government backing since the financial crisis. Credit Suisse is increasing its purchases of jumbo loans to meet demand for securities it sees from investors, he said on an American Securitization Forum panel this week.
“We’re buying loans, every day…and (on the month,) more than the month before,” Mr. Scolastico said. Part of the reason is because of home price appreciation, but also because of the “technical demand” for relatively higher yielding assets as Federal Reserve policies depress interest rates, he said.
New mortgage bond sales from other issuers, including investment banks, could boost issuance of private label bonds this year as high as $30 billion, Mr. Sim said. That’s up from almost $5 billion this year but paltry compared with annual volume above $1 trillion generated as the housing bubble neared its breaking point in 2006.
Mortgage bonds issued by Fannie Mae, Freddie Mac and Ginnie Mae still fund more than 90% of new home loans. Bank portfolios and other private lending make up the rest.
Considering risks, J.P. Morgan analysts conceded that the economy is “gloomy” and tight lending standards can stop a bullish homebuyer from proceeding with a purchase. On the supply side, the “shadow inventory” of more than four million homes near or stuck in foreclosure still looms, though that is dropping, the analysts said.
What’s more, just the uncertainty over whether politicians will be able to steer clear of the “fiscal cliff,” the scheduled tax increases and spending cuts next month, may hurt investor confidence, the J.P. Morgan analysts said.
If taxes rise, reduced income for the potential homebuyers will damp housing demand, they added.
But the expectations for higher home prices are still widespread. Nearly three-quarters of investors polled by J.P. Morgan expect home prices to rise 5% in 2013.
J.P. Morgan Chase & Co. expects U.S. home prices to rise 3.4% in its base-case estimate and up to 9.7% in its most bullish scenario of economic growth. Standard & Poor’s, which rates private-issue mortgage bonds, on Friday said it expects a 5% rise in 2013.
- AFP/Getty Images
“Net demand has picked up a lot in 2012,” said Mr. Sim. “Once you get north of the 2 million territory, you are in the positive growth area unless you get a lot of distressed inventory, which this year hit a low point” since at least 2008, he added. J.P. Morgan predicts that net demand to rise from 2.7 million next year from 2.3 million this year.
An expected increase in home prices in 2012 triggered a run into some of the riskiest real estate assets, such as subprime mortgage-backed securities from the real estate boom, and analysts including Mr. Sim expect that trend to continue. Rising home prices and the quest for yield has also given a tailwind to new mortgage bond issuance that has been mired in the fallout of the housing crisis and regulatory uncertainty for the past four years.
U.S. home prices nationwide increased on a year-over-year basis by 6.3% in October, the biggest increase since June 2006, according to CoreLogic. Investors zoning in on the increases bought subprime mortgage bonds, which have posted returns of more than 40% since December.
Home price increases could exceed J.P. Morgan’s base forecast if investors seeking yield push deeper into real estate, according to Mr. Sim’s home price report.
That may already be happening, considering recent comments by Luke Scolastico, a vice president at Credit Suisse, one of two issuers of mortgage bonds without government backing since the financial crisis. Credit Suisse is increasing its purchases of jumbo loans to meet demand for securities it sees from investors, he said on an American Securitization Forum panel this week.
“We’re buying loans, every day…and (on the month,) more than the month before,” Mr. Scolastico said. Part of the reason is because of home price appreciation, but also because of the “technical demand” for relatively higher yielding assets as Federal Reserve policies depress interest rates, he said.
New mortgage bond sales from other issuers, including investment banks, could boost issuance of private label bonds this year as high as $30 billion, Mr. Sim said. That’s up from almost $5 billion this year but paltry compared with annual volume above $1 trillion generated as the housing bubble neared its breaking point in 2006.
Mortgage bonds issued by Fannie Mae, Freddie Mac and Ginnie Mae still fund more than 90% of new home loans. Bank portfolios and other private lending make up the rest.
Considering risks, J.P. Morgan analysts conceded that the economy is “gloomy” and tight lending standards can stop a bullish homebuyer from proceeding with a purchase. On the supply side, the “shadow inventory” of more than four million homes near or stuck in foreclosure still looms, though that is dropping, the analysts said.
What’s more, just the uncertainty over whether politicians will be able to steer clear of the “fiscal cliff,” the scheduled tax increases and spending cuts next month, may hurt investor confidence, the J.P. Morgan analysts said.
If taxes rise, reduced income for the potential homebuyers will damp housing demand, they added.
But the expectations for higher home prices are still widespread. Nearly three-quarters of investors polled by J.P. Morgan expect home prices to rise 5% in 2013.
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