Moving Tips • Real estate • June 1, 2023

The Correct Way to Pack Wine Glasses for a Move

by Kim Robbins

Prevent toasting to your home from a plastic cup by saving your delicate wine glasses with these packing techniques of the correct way to pack wine glasses for a move!

If you are one of the lucky folks on the move this month, you are probably up to your knees in boxes and packing paper. You’re trying to figure out how to pack everything so it ends up in one piece in your new home. Well, let us help you with one of the most difficult items to pack: wine glasses. Because of their odd shape they are often packed incorrectly and their delicate glass and long stems get broken in the moving process.

We have seen too many new homeowners sipping out of plastic cups after a move. Let the plastic frat house red cups be gone! Let’s put some elegance into that new home from the start. Here’s a simple step-by-step guide on how to properly pack wine glasses to keep them in one piece and easily accessible after move day — Packing-Wine-Glasses-101-V4

Select the Proper Box:

One of the key factors to keeping your wine glasses from breaking or getting crushed is using the proper box. You need a box that is big enough and secure enough for your glasses. We recommend a “dishpack” box because it’s 5.2 cubic feet high and has double thick walls for extra protection.
Gather the Right Materials:

Once you have the proper box, gather the packing materials to wrap and protect the glasses. Here is what you will need:
1. Packing Paper (Lot’s of it. And, get the plain recyclable packing paper, not newspaper so you don’t have to spend time washing newsprint off all your stemware.)
2. Cardboard Inserts (If you are unable to get these inserts, we will teach you how to do without them)
Wrap:

Place a wine glass on packing paper horizontally. Grab a corner of the packing paper and roll the glass into the paper. Make sure to tuck the sides of the paper in, like you would do wrapping a burrito. Continue rolling the glass on the paper until you reach the end of the paper. Place the now wrapped glass back on another piece of packing paper horizontally and roll again. Repeat 3-5 times (depending on thickness of glass) with more sheets of packing paper until the glass is properly secured & cushioned. Continue for each wine glass. Label the outside of your “burrito” package: “glass” so it won’t get tossed out with the extra packing paper.
Pack & Pad:

Before placing any of the wrapped wine glasses in the box, cushion the bottom of box with packing paper. If you are using the cardboard inserts, position one layer of the inserts in the box on top of the packing paper and place one wrapped glass into each cardboard insert. If you are not using the cardboard inserts, place the wrapped glasses vertically in one layer in the box. Make sure to place them standing up and not lying flat. They are more secure vertically.
Layer & Repeat:

After completing the first layer, place packing paper on top. Add more inserts or place wrapped glasses vertically. Repeat these layers until the box is full.
Stuff Empty Space:

Once the box is full, fill any remaining space with crumpled packing paper. The layer of crumpled paper will add extra cushion and security for the glasses.
Tape & Move:

Lastly, securely tape the box closed and leave it for the movers to carefully move it to your new place! Be sure to label each side of the box “FRAGILE Wine glasses” and arrows pointing up on all sides of the box. Also, write the name of the room you want the box to end up in your new home: “kitchen” or “dining room.”

We hope the techniques of the correct way to pack wine glasses for move help!

Life’s Major Motivators for Moving

by Kim Robbins

Navigating Life’s Major Transitions: Exploring Family Changes and Downsizing as Motivators for Moving

For many, life holds various pivotal moments that can prompt individuals and families to consider moving to a new location. Whether it’s adapting to changing family dynamics or embracing a downsized lifestyle, these major life changes often act as catalysts for relocation. So what are the factors that drive people to move? By understanding life’s major motivators for moving, you’ll gain valuable insights into the emotional, logistical, and practical aspects of moving during transformative times.

Embracing New Family Dynamics: Relocating for Family Changes

Family dynamics naturally evolve over time. Consequently, this leads to various circumstances that necessitate a move. Here are some common family changes that prompt individuals and families to consider relocation:

The New and Growing Family

Welcoming a new addition to the family often brings about the need for a larger living space. Perhaps you need to think about proximity to schools and amenities, and a supportive community. Moving to a family-friendly neighborhood with suitable infrastructure becomes a top priority for expectant parents.

Empty Nest Syndrome:

Of course, as children grow up and leave home, parents may find themselves with a significantly larger house than they need. Downsizing to a smaller home or relocating to a different neighborhood or city can provide an opportunity to downsize and better align with their new lifestyle.

Blended Families:

Marriages or partnerships that result in blended families can lead to the need for a new home that accommodates the expanded family structure. A move may be necessary to ensure everyone has enough space and to establish a harmonious living environment for all family members.

Transitioning to a Downsized Lifestyle: Relocating for Simplicity and Efficiency

In an era where minimalism and simplicity are increasingly embraced, downsizing has become a popular choice for many. Here are three key reasons why people choose to downsize and move:

Financial Considerations:

For some individuals or families, downsizing is a strategic move to improve financial well-being. Moving to a smaller, more affordable home can free up resources for savings, investments, or pursuing other life goals. Moreover, downsizing often leads to reduced utility costs and maintenance expenses, easing financial burdens.

Lifestyle Simplification:

Downsizing provides an opportunity to declutter, reduce possessions, and create a more streamlined living environment. Smaller spaces necessitate a conscious curation of belongings, allowing individuals to focus on what truly matters and eliminate unnecessary stress associated with maintaining a larger home. The allure of a simpler lifestyle can inspire individuals to seek out new, downsized living arrangements.

Empty Nesting and Retirement:

When children leave home or retirement approaches, the need for a large house diminishes. Empty nesters and retirees often opt to downsize to a more manageable and maintenance-free property. This transition allows them to unlock newfound freedom, pursue their passions, and explore new adventures without the encumbrances of a larger home.

Conclusion:

Moving is a significant decision that often arises during major life changes. Many experience shifts in family dynamics and the desire to embrace a downsized lifestyle. By understanding the motivations behind these transitions, individuals and families can better navigate the challenges and opportunities that come with moving. You may be accommodating new family members, simplifying life, or optimizing finances. The decision to relocate can pave the way for a fresh start and a brighter future.

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Holiday and Seasonal • Homeowner Tips and Tricks • May 25, 2023

Summer Safety Tips for Outdoor Play

by Kim Robbins

Summer Safety Tips for Outdoor Play

When school lets out for the summer, kids will be heading outside more often to climb and swing on the playset, run around in the yard and splash in the pool. But regardless of the outdoor activity, make sure they always use sunscreen and stay hydrated. Of course, while summer is a great time for backyard fun, injuries can end the fun fast, so consider taking some simple steps to make your backyard safe for hours of endless entertainment. Check out these summer safety tips for outdoor play.

Safeguard playsets

Make sure swing sets and other play equipment are on level ground and the legs are properly anchored with hardware that doesn’t pose a tripping or gouging hazard.
Inspect swing sets to ensure bolts and screws are secure and replace rusty parts.
Put wood chips, shredded rubber or other soft landing material underneath the set.
Ensure 6 feet of clearance on all sides and check that swings are at least 8 inches apart

By the pool

Make it a rule that an adult must be present whenever children are in or around the pool.
Install a fence that’s at least 4 feet high with a self-closing and self-latching gate.
Be sure drains are covered and your suction system has an automatic shutdown; suction entrapment can lead to drowning.
Make sure pool slides, stairs and diving boards are secure and in good condition.
Place pool chemicals in a secure area where kids and pets can’t access them.
Empty kiddie pools after every use.

In the yard

Be on the lookout for dead trees or branches that could fall and hurt someone
Fill in any holes that could cause tripping or a twisted ankle.
Scan your yard for poison ivy or oak and, if you find some, treat the area and alert kids to stay clear.

Guard the grill

Establish a 3-foot “kid-free zone” around the grill
Never leave a grill in use unattended
Place the grill well away from siding, deck railings and overhanging branches and a safe distance from lawn games, play areas and foot traffic.

By taking these steps you can ensure a safe summer for the kids.

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Homeowner Tips and Tricks • Real estate • Selling • What is home? • May 11, 2023

The Pros and Cons of Owning a Pool

by Kim Robbins

The pros and cons of owning and selling homes with pools

The Pros and Cons of Owning and Selling a House with a Pool

Are you considering buying or selling a house with a pool? Pools can be an attractive feature for many homeowners. Many appreciate what luxurious and enjoyable addition a pool can be. However, it’s essential to weigh the pros and cons before making a decision. In this blog post, we will explore the advantages and disadvantages of owning and selling a house with a pool. Hopefully it will help you make an informed choice! Here are the pros and cons of owning a pool.

The Benefits of Owning a House with a Pool

Relaxation and Recreation

One of the significant advantages of owning a house with a pool is the potential for relaxation and recreation. A pool offers a private oasis where you can unwind. Of course, the fun of swimming and enjoy quality time with family and friends doesn’t hurt either! It provides a convenient way to stay active, relax after a long day, or host gatherings during the summer months.

Enhanced Aesthetics and Property Value

A well-maintained pool can greatly enhance the aesthetics of your property. This indeed can boost its overall appeal. Houses with pools may attract potential homebuyers. They may view them as a symbol of luxury and a unique selling point. (Not always the case though. More about that later!) This increased desirability can positively impact the property’s value. Subsequently, could potentially enjoy a higher resale price.

Privacy and Convenience

When you own a house with a pool, you have the advantage of privacy and convenience. You can enjoy a refreshing swim without worrying about overcrowded public pools or the need to travel. It provides a convenient way to exercise or entertain guests without leaving the comfort of your own home.

Considerations for Owning a House with a Pool

Maintenance and Upkeep

While owning a pool can be enjoyable, it also requires regular maintenance and upkeep. Pools need to be cleaned, chemicals balanced, and equipment serviced to ensure proper functioning. These tasks can be time-consuming and may require additional expenses for hiring professional pool services or purchasing supplies.

Safety is a critical consideration when owning a house with a pool, especially if you have young children or pets. Proper safety measures, such as installing a pool fence, alarms, and pool covers, are necessary to prevent accidents. It’s important to be vigilant and ensure that everyone using the pool follows safety guidelines and practices.

Limited Usability and Seasonal Considerations

In some regions, the usability of a pool may be limited due to climate or seasonal changes. If you live in an area with a short swimming season or colder climate, the pool may not be utilized as frequently, reducing its overall value and benefits. Additionally, pools require regular winterization and maintenance during the off-season.

Selling a House with a Pool

Increased Market Appeal

When it comes to selling a house, a pool can be a significant selling point, attracting potential buyers who are specifically looking for properties with this feature. A well-maintained pool can make your property stand out in the market, potentially leading to a quicker sale.

Limited Buyer Pool

While a pool can appeal to some buyers, it may deter others. Some people may view a pool as a safety hazard, an additional expense, or a maintenance burden. It’s important to consider the preferences of your target buyer demographic and the local market trends when deciding whether to sell a house with a pool.

Return on Investment

The return on investment (ROI) for a pool can vary depending on several factors, including the initial cost, ongoing maintenance expenses, and the local real estate market. While a pool may add value to your property, it’s essential to assess whether the potential increase in selling price justifies the investment.

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Housing market • Moving Tips • Real estate • Selling • Why use a real estate agent • May 10, 2023

Impact of Natural Disasters on the Housing Market

by Kim Robbins

The effect of the Little Rock tornado on the housing market

Impact of Natural Disasters on the Housing Market

Introduction:

Natural disasters can strike unexpectedly, leaving a trail of destruction in their wake. While the human and environmental costs of these events are well-known, there is a significant impact of natural disasters on the housing market. In this blog post, we will explore how natural disasters affect the housing market, with a particular focus on the price and inventory of homes. Understanding these dynamics can help homeowners, buyers, and investors make informed decisions in the aftermath of such events.

Natural Disasters and Home Prices

When a natural disaster strikes, it often leads to a surge in home prices in affected areas. The sudden decrease in housing supply due to property damage or destruction, coupled with a high demand for housing as displaced individuals seek new accommodations, creates a competitive market. This increased demand can drive prices up significantly, making it difficult for buyers to find affordable housing.

However, the impact on home prices can vary depending on the severity of the disaster and the availability of insurance coverage. In areas with robust insurance coverage and quick recovery efforts, the price increases may be temporary. Conversely, regions with limited insurance coverage or prolonged recovery periods may experience long-lasting price spikes.

Natural Disasters and Housing Inventory

One of the most immediate effects of a natural disaster is a decrease in housing inventory. Severe damage or destruction can render properties uninhabitable, resulting in a reduced number of available homes. Homeowners may be displaced and unable to return, while others may choose to relocate permanently. This sudden decrease in housing supply puts additional strain on the market and can lead to increased competition among buyers.

Moreover, natural disasters can also impact new construction and development. Builders may face delays or challenges in obtaining materials and permits, slowing down the construction process. This further limits the housing inventory and prolongs the imbalance between supply and demand.

Long-Term Effects and Recovery

While the immediate impact of a natural disaster on the housing market is evident, the long-term effects and recovery process should also be considered. As communities rebuild and infrastructure is restored, housing markets tend to stabilize. However, the duration of recovery can vary greatly, ranging from months to years, depending on the scale of the disaster and available resources.

Investors and buyers looking for potential opportunities should consider the long-term prospects of the affected areas. Some communities may experience a revitalization and increased demand for housing as the recovery progresses. On the other hand, regions with repeated natural disasters may face ongoing challenges, impacting housing market stability and investment viability.

Conclusion:

Natural disasters have a profound impact on the housing market, particularly in terms of price and inventory. The sudden decrease in housing supply and increased demand can lead to price spikes and make finding affordable housing difficult. Understanding these dynamics and considering the long-term effects and recovery process are crucial for homeowners, buyers, and investors navigating the aftermath of natural disasters. By staying informed and assessing the local housing market conditions, individuals can make informed decisions and contribute to the rebuilding and revitalization of affected communities.

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Financing • Housing market • Real estate • Why use a real estate agent • May 8, 2023

HUD Announces Reduction in Mortgage Insurance Premiums for FHA Borrowers

by Kim Robbins

HUD announces changes that will save borrower thousands!

HUD Announces Reduction in Mortgage Insurance Premiums for FHA Borrowers

Recently, HUD released details of a long-anticipated plan. HUD announces reduction in mortgage insurance premiums for FHA borrowers. Currently, FHA borrowers are charged by 30 basis points (0.3% of the loan balance). Excitingly, this could benefit up to 850,000 borrowers over the coming year. Also, this would save these families an average of $800 annually. The premium will be reduced from 0.85 percent to 0.55 percent for most FHA borrowers. In this blog post, we will discuss the details of this announcement and what it means for FHA borrowers.

What is the MIP?

So, what is MIP? The mortgage insurance premium (MIP) is a fee that the Federal Housing Administration (FHA) charges borrowers who take out FHA-insured loans. On a positive note, MIP protects the lender in case the borrower defaults on the loan. The borrower pays MIP monthly lumped in with their mortgage payment.

Reduction in MIP

According to the HUD release, the 30 basis point annual MIP reduction will apply to almost all Single Family Title II forward mortgages insured by FHA. All elible properties with receive this benefit. This includes single-family homes, condominiums, and manufactured homes.

Consequently, FHA borrowers stand to receive significant savings from this reduction in MIP. For example, the average FHA borrower purchasing a one-unit single-family home with a $265,000 mortgage will save approximately $800. Moreover, the national median home price as of December 2022 was$467,700. FHA’s annual MIP reduction will save a borrower with that mortgage more than $1,400 in the first year. Additionally, the reduction can also help more people qualify for a mortgage. Because the reduction in the overall cost of homeownership, potential buyers may be able to qualify for a mortgage with less income.

Impact on Homeownership

Next, reducing the cost of homeownership is an undeniably essential step towards increasing homeownership rates in the United States. In fact, low and moderate-income households are most effected by this change. As HUD Secretary Marcia Fudge notes, “we continue our work to address longstanding disparities in homeownership.” This reduction in MIP will make homeownership more affordable and accessible for many households. Most importantly, those struggling to make ends meet may be closer to making home ownership a reality.

Effective Date

The annual mortgage insurance premium reductions will be effective for mortgages endorsed for insurance by FHA on or after March 20, 2023. This means that borrowers who have already closed on their FHA-insured loans will not be eligible for the MIP reduction.

Conclusion

Finally, the reduction in the annual mortgage insurance premium by HUD is a significant development. The benefits can reach up to 850,000 FHA borrowers over the coming year. This reduction in MIP can result in significant savings for borrowers. It can also make homeownership more accessible and affordable for many households. As the Secretary of HUD notes, this reduction in MIP is an essential step towards reducing longstanding disparities in homeownership.

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Financing • Housing market • Moving Tips • Real estate • Why use a real estate agent • April 27, 2023

Mortgage fees are changing. Here’s what you should know.

by Kim Robbins

Mortgage fees are changing for homebuyers next month. Here’s what you should know.

Mortgage fees are changing. Here’s what you should know. Starting May 1, upfront fees for loans guaranteed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs). These are the fees that vary from borrower to borrower. They are based on their credit scores, down payments, types of home, and more.

What are the fee changes?

The entire matrix of fees based on credit score and down payment has been updated. If you have a top credit score, you’ll still pay less. However, the penalty now for having a lower credit score will be smaller than it was before May 1. For example, if you have a score of 659 and are borrowing 75% of the home’s value, you’ll pay a fee equal to 1.5% of the loan balance. Before these changes, you would have paid a 2.75% fee.

On the other end, if you have a credit score of 740 or higher, you would have paid a 0.25% fee on a loan for 75% of your home value before May 1. After that date, you could pay as much as 0.375%.

What loans do these fees apply to?

Any loan that’s guaranteed by either Fannie Mae or Freddie Mac, regardless of the lender.

Why are these changes being made?

These changes are part of the Federal Housing Finance Agency’s broader examination of fees. The aim is to provide “equitable and sustainable access to homeownership” and shore up capital at Freddie Mac and Fannie Mae.

Are these positive changes?

It depends on which side of the spectrum you land. While people with higher credit scores will benefit from the changes, people with lower credit scores may end up paying more.

“I can see both sides,” said Hakan Wildcat, mortgage area manager in Kansas for Guardian Mortgage. “Are there going to be people who qualify for a loan but maybe shouldn’t? Maybe, but that’s probably a very small percentage,” he said. Then added,”But I can see at the end of the day, money is money and if you have great credit, why should you be penalized?

“We’re going to have to see it in practice and see how it plays out but overall, the thought process is probably sound and good,” he said.

Other Changes on the Horizon

The Housing Finance Agency also plans a fee on August 1 for borrowers with at least a 40% debt-to-income ratio and 60% loan-to-value ratio. This is calculated by how large your loan is compared with the value of your home. This fee was also supposed to take effect May 1 but was delayed after pushback from the industry.

As a standalone measure, debt-to-income ratio is not a reliable indicator of a borrower’s ability to repay, said the Mortgage Bankers Association, an industry group.

“A borrower’s income and expenses can change several times throughout the loan application and underwriting process,” wrote Bob Broeksmit, Mortgage Bankers Association president and chief executive, in a recent blog post. “This is especially true in today’s labor market, which is shaped by the growth in self-employment, part-time employment, and gig economy employment.” This would “create complications and problems for borrowers and lenders alike.”

The debt-to-income ratio fee will also likely affect a larger group of potential buyers, Wildcat said. “A lot of people fall above 40% debt-to-income ratio, and this is going to impact their purchasing power.”

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Entertaining Tips • Homeowner Tips and Tricks • Real estate • Selling • What is home? • April 19, 2023

Staycation Innovation – Make Home the Only Place You Want to Be

by Kim Robbins

Staycation Innovation – Make Home the Only Place You Want to Be. If your own backyard is likely to be your leisure-time destination this summer, you may as well daydream some plans to amp things up out there. Ponder these fun and fabulous ideas that just might get your wheels turning and help make your home the only place you want to be.

Alfresco Pizzeria

First, patio kitchens have already impressively elevated the concept of cooking outdoors. You can find anything from sinks, refrigerators, warming drawers to even wine coolers. Consider a novel component that will really kick things up a notch. If you love crispy brick-oven pizza, what better way for you and the family to enjoy a piping hot slice than in the fresh air and under a twinkling canopy of stars? Conduct some online research. Sketch a few layout options that make sense for your space. With a touch of imagination and an investment in a bit of creative masonry, you and the whole troop could soon be sinking your teeth into an alfresco-prepared, pepperoni-covered creation that deliciously celebrates the season.

Tranquility Space

Next, the peacefulness of a water feature is the perfect addition to a budding backyard oasis. It can also be an ideal focal point that complements both small and larger spaces. Wonderfully delightful options include waterfalls and fountains. These produce the pleasant sound of trickling water and maybe some vibrant koi fish for visual appeal. Consider the addition of native plants and flowers to attract wildlife such as chirping birds and frogs. Be the architect of your very own happy place. Add a hammock or stylish swing chair to the tableau and you’ve just found your new favorite book nook. Now you can tackle that summer reading list in blissful comfort.

Gaming Arena

Whenever the family is gathered for some quality time together, a little lively competition can go a long way. Any number of nifty games can be set up and enjoyed right on your own lawn. A rousing round of bocce ball, croquet or even traditional cornhole will be enough to liven things up at home and get everyone joining in the fun. The key is to create a dedicated recreation space. For something like classic horseshoes, for instance, you can jazz things up by incorporating special features like retaining walls and backstops to make the arena feel official. Consider adding a bordering landscaping to help separate the area as a designated gaming spot. Once you’re all set up, choose your teams carefully and let the tournament begin!

Entertainment Hub

Envision whiling away the lazy days of summer poolside or out on the patio? Rest assured that you won’t have to give up your favorite technologies at the same time. It’s possible to sing along to the musical hits of the 80s and even binge watch that hot new drama everyone’s talking about as you kick back and enjoy the great outdoors. Wireless connectivity has become increasingly advanced. These include hidden speakers and waterproof flat screen TVs that offer perfect sound and image quality while seamlessly blending in with your natural outside space. Introduce such high-tech conveniences to your out-of-doors living area and benefit from the very best of both worlds.

As you can see, there’s no need to wander very far to make the most of the season. If you’re feeling inclined to give the yard a little tender loving upgrade, the ultimate summer vacation may be just a few steps away – right out your own back door.

Would you rather skip the updates and just get the house with the attributes you most want and need? Check this out for tips on what to do next!

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Homeowner Tips and Tricks • April 13, 2023

Spring Lawn Care Steps: Tips for Homeowners

by Kim Robbins

Spring Lawn Care Steps: Tips for Homeowners

As a new homeowner, taking care of your yard can be overwhelming. With spring just around the corner, it’s important to start thinking about spring lawn care. Here are some spring lawn care steps to get your yard in shape for the season.

Rake and Clean Up Debris

The first spring lawn care step is to rake and clean up any debris left over from the winter months. Dead leaves, branches, and other debris can suffocate your lawn and prevent it from getting the necessary sunlight and nutrients. Use a rake or leaf blower to clear away any debris, and dispose of it properly.

Aerate Your Lawn

Aerating your lawn involves poking small holes in the soil to allow air, water, and nutrients to penetrate deeper into the roots of your grass. This helps to promote healthy growth and a strong root system. You can rent an aerator from your local home improvement store, or hire a professional lawn care company to do it for you.

Fertilize Your Lawn

Fertilizing your lawn in the spring is an important step in maintaining a healthy and lush yard. Use a high-quality fertilizer that contains nitrogen, phosphorus, and potassium, which are essential nutrients for plant growth. Be sure to follow the instructions on the packaging and avoid over-fertilizing, as this can damage your lawn.

Seed Bare or Thin Areas

If you have bare or thin areas in your lawn, spring is the perfect time to reseed. Choose a grass seed that is appropriate for your climate and soil type, and follow the instructions on the packaging for the best results. Be sure to water the newly seeded areas regularly and keep them moist until the grass has established itself.

Control Weeds and Pests

Weeds and pests can quickly take over your lawn if left unchecked. To prevent this, use a pre-emergent herbicide to control weeds before they have a chance to germinate. If you notice any signs of pests such as grubs or insects, use an appropriate insecticide to control them before they cause significant damage to your lawn.

By following these simple steps, you can ensure that your yard is healthy and beautiful throughout the spring and summer months. Remember, proper spring lawn care is essential for maintaining a lush and vibrant lawn.

Housing market • Moving Tips • Real estate • Selling • What is home? • Why use a real estate agent • April 5, 2023

Two Reasons You Should Sell Your House

by Kim Robbins

These are the top two reasons people are considering selling right now

Two Reasons You Should Sell Your House

These are the top two reasons you should sell your home.

Wondering if you should sell your house this year? As you make your decision, think about what’s motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons you should sell your house (see graphic below):

Let’s break those reasons down and explore how they might resonate with you.

1. I Want To Take Advantage of the Current Market and Make a Profit

When you decide to sell your house, how much you’ll make from the sale will likely be top of mind. So, here’s some good news: according to the latest data, the average seller can expect a strong return on their investment when they make a move. ATTOM explains:

“The $112,000 profit on median-priced home sales in 2022 represented a 51.4% return on investment compared to the original purchase price, up from 44.6% last year and from 32.8% in 2020.”

Even though home prices have declined slightly in some markets, they’re still much higher overall than they were just a few years ago. To understand what’s happening with home prices in your area and the current value of your house, work with a local real estate professional. They can give you the best advice on how much you could gain if you sell this year.

2. My Home No Longer Meets My Needs

The average person has been in their house for ten years. That’s a long time when you think about how much may have changed in your life since you moved in. And typically, those changes have a direct impact on what you need in a home. Whether it’s more (or less) space, different features, or a location closer to your work or loved ones, your current house may no longer check all the boxes of what feels like home to you. If that’s the case, it could be time to work with a real estate agent to find a better fit.

Bottom Line

If you’re thinking about selling your house, there’s probably a good reason for it. Let’s connect so you can make a move that’ll help you accomplish your goals this year.

You may also be interested in An Expert Gives You Clarity in Today’s Housing Market to learn more about how we can help you get where you want to be!

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©2022 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.

Select the Proper Box:

Gather the Right Materials:

Wrap:

Pack & Pad:

Layer & Repeat:

Stuff Empty Space:

Tape & Move:

Navigating Life’s Major Transitions: Exploring Family Changes and Downsizing as Motivators for Moving

Embracing New Family Dynamics: Relocating for Family Changes

The New and Growing Family

Empty Nest Syndrome:

Blended Families:

Transitioning to a Downsized Lifestyle: Relocating for Simplicity and Efficiency

Financial Considerations:

Lifestyle Simplification:

Empty Nesting and Retirement:

Conclusion:

Summer Safety Tips for Outdoor Play

The Pros and Cons of Owning and Selling a House with a Pool

The Benefits of Owning a House with a Pool

Relaxation and Recreation

Enhanced Aesthetics and Property Value

Privacy and Convenience

Considerations for Owning a House with a Pool

Maintenance and Upkeep

Limited Usability and Seasonal Considerations

Selling a House with a Pool

Increased Market Appeal

Limited Buyer Pool

Return on Investment

Impact of Natural Disasters on the Housing Market

Introduction:

Natural Disasters and Home Prices

Natural Disasters and Housing Inventory

Long-Term Effects and Recovery

Conclusion:

HUD Announces Reduction in Mortgage Insurance Premiums for FHA Borrowers

What is the MIP?

Reduction in MIP

Impact on Homeownership

Effective Date

Conclusion

Mortgage fees are changing for homebuyers next month. Here’s what you should know.

What are the fee changes?

What loans do these fees apply to?

Why are these changes being made?

Are these positive changes?

Other Changes on the Horizon

Alfresco Pizzeria

Tranquility Space

Gaming Arena

Entertainment Hub

Spring Lawn Care Steps: Tips for Homeowners

Rake and Clean Up Debris

Aerate Your Lawn

Fertilize Your Lawn

Seed Bare or Thin Areas

Control Weeds and Pests

Two Reasons You Should Sell Your House

1. I Want To Take Advantage of the Current Market and Make a Profit

2. My Home No Longer Meets My Needs

Bottom Line