Real Estate Market September 17, 2020

When will Interest Rates Rise?

Interest Rates have been at an all time low

Interest Rates have been at an all time low! Which has slightly helped, while the world is going through these tough times. Many people have lost their jobs due to the Coronavirus. Which, a high unemployment rate is not very good for the economy. That is where the Federal Reserve steps in to help. The Federal Open Market Committee met and held a press conference on Wednesday, September 16th to explain their plan.

About 22 million jobs were lost

About 22 million jobs were lost during these hard times. So far only about 10 to 11 million have returned to work. This leaves about 11 million people without work. A lot of jobs that were lost might now be much harder to find openings because it involves direct contact with other people or crowds. This makes it very difficult for people who worked in businesses such as entertainment, travel, hotels, customer service, and other businesses that currently can not operate normally and don’t have as many customers as usual.

Many homeowners have been refinancing their loans

During the Federal Open Market Committee’s press conference, they announced their prediction that the rates will remain low until about 2023. Low interest rates help buyers afford more expensive homes. This is very helpful at this time when home prices are rising. Many homeowners have been refinancing their loans to lower their monthly payments with how low the rates are compared to when they purchased their homes. Refinancing at this time is saving many homeowners tens of thousands of dollars over the life of their loans. Home builders will also benefit from these low rates. They will have the opportunity to take out business loans at low rates. More business loans being taken out will keep home equity loans that are tied to prime rates at low rates.

 

* Information from https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20200916.pdf *
Lifestyle September 9, 2020

Designing With Grey

Grey in your home

Grey is always a great color to use in your home. It is a calming, cool, neutral, and balanced color that is very easy to add any accent colors. Grey is timeless so your home won’t go out of style.

Different types of grey

Grey Doesn’t Have to Be Just Grey

There are many different types of grey. There are warm-greys, cool-greys, and everything in between. Green-Greys are good for bathrooms or kid’s areas. Greys with a green tint could also be a great color for a room where you may have lots of green plants in.

Grey with accent color

Grey is Perfect for Bright Accent Colors

Since grey is a very neutral color, there are unlimited colors that will be great as accents. Pops of bright oranges, yellows, greens, or really any color you could think of will go very well with grey walls. Even brown, black, and white would all go well with grey walls. Light grey walls with brown hardwood flooring or brown couches offer a sophisticated and chic look.

Grey With Patterns

Great With Patterns

Do you like patterns? With grey walls, your home will look amazing with patterns. Grey is neutral and balanced, so a pattern will add a splash of excitement to the room. The pattern could be bright and full of life or it could be a more subtle pattern that blends in with the grey. Either way, your grey room will be your favorite.

Lifestyle September 2, 2020

Small Space Garden Ideas

Small Space Gardens

Do you want to have a garden, but don’t have much space for one? Don’t worry! There are many ways that you can have a garden in a small space. Different kinds of planters and types of plants don’t take up much space but can make beautiful small gardens.
Vertical Gardens and Wall Planters

Vertical Gardens/Wall Planters

Vertical Gardens and Wall Planters could be a great way to have a garden in a small space since they only take up a small area of space. This can be done with many different kinds of planters or make-shift planters. One option is to get a mountable mail bin or file bin.

Another option is to convert a pallet into a vertical planter by creating “shelves” with landscaping fabric and then stapling the landscaping fabric to the back of the pallet. After stapling the fabric, you will be able to add plants. The third option would be to buy flower pots that have a hook on the back so they can be hung on doors, railings, etc. Metal wire grids are yet another option. Plants can be hung from the metal grid and rearranged however you would like it.

Hanging Gardens

Hanging Gardens

Hanging gardens are pretty simple. Buying hanging planters, window boxes, or macrame plant hangers can help to allow for more plants in a smaller area. Macrame plant hangers can be homemade so it has more of a personal touch.

Ladder Garden

Ladder Garden

An old ladder or a thrift store ladder could make a great spot for plants. Plants can sit right on the steps of the ladder. If the steps are too skinny, boards could be laid across the steps to allow for more plants.

Plant-Filled Furniture

Plant-Filled Furniture

Furniture could be the perfect way to incorporate plants into your home. A chair, table, or even a birdbath could be transformed into a great place for some plants. Adding sides to the seat of the chair would allow for a few plants. Cleaning out the birdbath is very easy and can make a great place for a small garden. Making an inset table planter is a little more difficult, but can be a very neat way to showcase your plants and still have space.

 

Buyer Tips August 25, 2020

Tips For The First Time Home Buyer

Home Sweet Home

Being a first time home buyer can be very stressful, yet exciting at the same time. Here are some tips and facts that will help you find your home.

Before Finding Your Home

Gather Your Paperwork & Get Pre-Approved

Paperwork for First Time Home Buyers

If you are applying for a loan, you will need your most current pay stubs, bank statements for the last three months, last two years of tax returns, canceled rent check, and a copy of your lease. Before you start searching for a home, you will want to get Pre-Approved for a mortgage. Shop around at different banks, credit unions, and loan officers to make sure you find the perfect fit. With a pre-approval, you will know how much you can afford and will be able to put an offer in as soon as you find the perfect home. Although, Pre-Approvals normally are only valid for 60 to 90 days. Depending on how long it takes to find your home, you may have to renew your pre-approval.

Find a Realtor That You Can Trust

The Realtor you chose will affect how your buying process goes. You will want to pick a trustworthy Realtor that you get along with and who will find answers to any questions that you may have. Looking at the agent’s past sales and reviews is always a good way to see their repertoire.

Find a trustworthy Realtor

Searching For Home Sweet Home

You may have the vision of your perfect home, but most of the time it is very difficult to find that perfect home. Compromises might have to be made so you are not looking for a home that is out of your price range or that may not be on the market.

For example, Sherry wants a home in a certain school district with 4 bedrooms, 2.5 bathrooms, and a kitchen island. While searching, Sherry finds a home that doesn’t have a kitchen island but has all the other features she wants. Let’s say that Sherry doesn’t go with the home without a kitchen island that is almost perfect. Her search could go on for months longer without finding a home in her price range with even most things that she wants and she might regret not choosing the home without the kitchen island.

This is where compromising comes into play. You might not find the exact home that you are looking for, but you might find a home close to or even better than what you’re looking for!

Compromise on your first home

Buying Your First Home

The closing process can be difficult. This is where your Realtor shines. They will help as much as they can to make the buying process as easy as possible for you. With that said, even with the help of a Realtor, something can and most likely will go wrong. If or when something does go wrong, do not stress. Realtors know that something goes wrong in many transactions and have learned how to fix those minor setbacks. That helps ease the stress, especially as a first time home buyer. Your Realtor will make sure that you know about all of the costs of closing and everything and anything else that you will need to know to get you into your new home!

First Home

Lifestyle August 18, 2020

Creating The Perfect Home Office

Creating the perfect home office

With many people working from home now, it can be tough to create a space where you can work very well in. How we feel while working, especially from home, can affect how much work we accomplish during the day. This is why creating the perfect home office is very important. From your desk, space to what you see and smell can have a huge impact on how your work day goes.

Find a Space

Find a Space For Your Home Office

First, you will need an area to find an area in your home to create your workspace. You may not have a spare bedroom, but don’t worry! There are plenty of other ways you can utilize space to create a work area. Rearranging your furniture could be a good way to utilize more space.

For example, you could move a sofa away from the wall and put a desk behind the sofa or along the wall. Sandwiching a desk in between a bookcase and an armoire could work well in your home. There may be a nook in your kitchen or hallway where you could add a desk or create a hide-away desk under your island. Another way could be converting a closet into a work area. The doors can be removed and extra shelving could be added to make the closet into the perfect workspace. A wall-mounted desk or a double-sided desk could be another way to create a work area in a small space.

Create an Office Environment

Create an Office Environment

Once you have found the perfect workspace in your home, create a nice work environment that will allow you to get a lot of work done and keep you as stress-free as possible. Lighting is a key element that will help to improve your work day. Although, your workspace can’t be too bright. Warm light and light bulbs that simulate natural lighting are always a good choice.

Colors can have a major effect on the space. Reds, oranges, and yellows are warm colors. These colors generally increase energy and stimulate your mind. Blues, greens, and purples are cool colors. These tend to give off a calm and safe feeling. Plants could be added to your work area to boost your productivity and reduce stress levels. Sounds and smells could also reduce stress and boost your productivity. Nature sounds, music for meditation, and classical music can reduce stress and keep your mind focused on work. This will allow you to be more productive. Lemon, peppermint, and eucalyptus can improve focus and stimulate your mind. Lavender, frankincense, and eucalyptus help to create a calm and soothing feeling while helping to alleviate stress.

Space that will assist your work day

While having a small work area, it is important to create the space in a way that will assist your work day. Making sure you have created the perfect home office with good lighting, nice colors, calming sounds, and a pleasant scent will allow for a more productive and more enjoyable work day.

Buyer TipsLifestyleSeller Tips August 11, 2020

Decluttering for Your Move

Decluttering for an easier move

Dusting, mopping, vacuuming, and tidying up isn’t always enough when you’re trying to sell your home. Decluttering and cleaning should start from the top floor, to the first floor, and finally the basement and garage. Before cleaning, decluttering will help make the move easier and will allow buyers to imagine themselves living in the home.


Electronic Clutter

Electronics change and advance constantly which means that old wires, video consoles and games, printer equipment, and so many more unused electronics start to build up. You might have random cords and wires, computer monitors, old televisions, unused tablets, old printers, gaming consoles, etc. The first step is to test every electronic. While testing them out, make a pile of electronics that don’t work and a pile that does work. The pile that does work can then be traded into an electronic or gaming store for a little extra cash for your move, they can be donated to charity or thrift stores, or can be given away or sold online. The electronics that do not work should be disposed of in an environmentally friendly way.

Electronic Clutter


Decluttering Equipment

Outdoor and Sporting Equipment

How many times have your children asked for another basketball? Have your children grown out of their old bikes? If you have kids, you know how much sports and outdoor equipment you end up storing in your home. Footballs, sleds, baseball mitts, tents, backyard games, bikes, scooters, skates, etc. build up year after year. All of the outdoor equipment may not be in the best shape. Or, maybe you and your family may not use them anymore. Those items that are broken can be thrown out. The items that are still usable can be traded into a sporting goods store, donated to a local boys and girls club, or donated to a thrift store.

 

 

 

 

 

 

 

 


Closets and Dressers

Clothes build up very quickly, especially kid’s clothing. Slimming down the amount of clothing your kids have can be much easier than your clothes. If it doesn’t fit, get rid of those pieces of clothing! For your or your spouse’s clothing, there are a few ways to figure out what to get rid of. One way is to empty out your entire closet, put the clothes back that you regularly wear, and try on the clothes that you haven’t worn in a long time. Any of those clothes that don’t fit, aren’t flattering, or are falling apart should be put in a pile to get rid of. The clothing that isn’t falling apart, can be sold at a yard sale, sold to a thrift store, or donated to a charity.

Decluttering Closets and Dressers


Decluttering Books, Movies, and CDs

Books, Movies, and CDs

How many times are you going to watch that movie, read that book, or listen to that CD? Almost everything is digital now, so most likely you can purchase the online version. With that in mind, decluttering your collection of books, movies, and CDs can be a little easier. While going through your books, think about if you will re-read them or not. If not, then you can get rid of it. If you will re-read it, keep it! Or, you can look for a digital version on Amazon Kindle, OpenLibrary.org, or any other digital book library.

With movies and CDs, you can look them up online to see if there is an online version that would work for you if you are on the fence about getting rid of them. There are so many places to find digital versions of movies and CDs. Some places are; Apple Music, Spotify, YouTube, Amazon, Netflix, Hulu, and so many more! Once decided on what to get rid of, those CDs, movies, and books can be sold at a yard sale, sold to used bookstores, or donated to a local library.

 


Go Through Kitchen Supplies

Over the years in your home, you start collecting unnecessary kitchen utensils, small appliances, decorations, etc. These items build up and create more trouble and clutter than they’re worth. Starting with the counters and tabletop, then working to the cupboard, go through everything that you have. There might be coffee mugs with chips off the sides, storage containers with missing lids, donut maker that is never used, melted plastic kitchen utensils, and other kitchen supplies that aren’t in the best condition. These items can be thrown away or, if they are in good condition, they can be sold at a yard sale or given to a charity.

Decluttering the Kitchen


Why Will Decluttering Help Sell Your Home?

When buyers are looking at your home, they like to imagine living in the home. With less clutter, they are able to imagine their own things and clutter in the house. Less clutter will also keep them focused on what they are there for. Almost empty counters and less furniture will help to show your home’s features better. Homes that are less cluttered normally sell faster and for a better price!

Lifestyle August 5, 2020

Back To School in 2020 – Creating a Home Study Space

How To Create a Perfect Home Study Space for This School Year

Back to school in 2020 is much different than in previous years. With many school districts doing online learning this school year, your student might need an at-home study space to get their school work done.

 

Create a Quiet, Distraction-Free Zone

A quiet space that is free of distractions will help your child succeed with this new form of learning. Music could be quietly played so the silence doesn’t become overwhelming, but it should not be played from something distracting like a cell phone. If there’s not a ton of space for a desk, there are some ways to set up a work area in small spaces.

A quiet space that is free of distractions will help your child succeed

Have A Well-Stocked Study Area

Your student’s study area should have everything they might need to complete their work. This way they don’t have to run all over the house looking for supplies when they could be doing school work. Some things they should have are paper, pens/pencils, and anything else they might need.

Study area should have everything they might need

Good Lighting is Key

If the study area is too dark, your child will be straining their eyes and it could make them more distracted. A desk by a window could help, but you also don’t want your student to get distracted by things going on outside. Good lighting will allow them to get more school work done.

Good lighting will allow them to get more school work done

Keep A Schedule

Creating a schedule for your child will help them stay on task and remind them what they should be working on. Some students might have virtual classes that they have to attend. Having a schedule can help your child remember to join the virtual class. Breaks should be included in the schedule as well, so your child doesn’t get worn out.

Having a schedule can help your child

Make the Space Comfortable

If your child is not comfortable in their study space, they will not get as much school work done. There should be a place to sit upright at a table to help your student focus. Your child should help decorate the space to make sure they feel comfortable and inspired. Keep an eye on them to see how they work best. You can always adjust the space based on your observations.

Make sure they feel comfortable and inspired

Help Should Be Close By

At some point, your child will need help or have questions about their assignments. You or someone that is able to offer guidance should be close by. That way they won’t get stuck on a question or assignment and will be able to complete more school work.

Your child will need help or have questions

Real Estate Market March 3, 2020

Real Estate Market Update: February 2020

The Real Estate Market has been interesting so far this year and the statistics show it. This February the median sales price rose 0.03% up $5,000 to $185,000. February’s closed sales are down 0.12% from 250 to 220 which makes sense with active listings being down 0.09%. With the low inventory, median days on the market dropped 0.27% to 19 days because buyers are desperately searching for new listings.

Learn more about the market by contacting us, checking out the current active listings, or looking at the market trends on Greater Lehigh Valley Realtor’s website.

February 2020 Real Estate Market

 

Buyer Tips January 10, 2019

Smart Buyer’s Guide to Choosing the Perfect Property

Daydreaming about owning your own home is one of the most intoxicating practices known to modern man, especially now that HGTV and all the house flipping shows make it look like a cakewalk. But when the time comes to actually put your money where your daydream is, it can be challenging for first-time buyers especially to understand how a home that doesn’t currently come anywhere close to “dream” status could be whipped into shape — and how a home that they think is perfect now will end up feeling like a mistake in a couple of years.

To avoid that unfortunate scenario, first-time buyers will need to think carefully and weigh all of their options. After considering all of these factors, you’ll be well-prepared to choose a house that feels like home today and for years to come.

Price

First and foremost, you need a home that you can afford. There’s no sense in deciding that you must have four bedrooms when the most you could afford in your market is two.

You don’t need to go through the entire process of getting pre-approved for a mortgage before you can start even considering what you want, but do a little bit of research around what your current housing market looks like, and then think about the down payment size and your own current finances. There are mortgage calculators and other tools online that can be useful, and it’s almost always helpful to talk to a real estate professional, like a mortgage broker or a real estate agent, so you can get a realistic idea of what you might need to spend and what you can spend on your new home.

Beds, baths, and size

You know what size your household is and whether it’s likely to grow in the future. You also know how much space you’re likely to need based on your own current household’s configuration — if you work from home, then your desire for a little more space (and a room for a home office) might be non-negotiable, whereas if you’re used to commuting to an office every day, you may not need a home office at all.

So get a handle on the minimum number of bedrooms and bathrooms you’ll need in any home you buy. If you can, try to come up with some parameters for square footage, too. And you may want to think about your overall lot size if, for example, you’re an avid gardener or you have large dogs who’ll need some space to romp in the yard.

Special features

Once you understand your basic requirements for a home, you can start thinking about additional features that you’d like it to have. Perhaps you want a garage to store your tools, or a fenced-in yard for the aforementioned dogs — or a deck where you can lay out and soak up some sun on weekends.

You should also think about the ideal heating and cooling setup in any home you buy, and it’s also wise to consider the school district (because even if you don’t have kids, it’s smart to keep in mind any buyers who could purchase your home from you in the future — they might have kids).

Some of these special features might be “nice-to-haves,” and you might decide that some are absolute necessities. Spend some time talking to a general contractor or a real estate agent before you make any final decisions about necessities, though — it’s quite possible that some of the things on your “must-have” list can be easily added once you move in.

Location matters — a lot

Smart first-time buyers will want to think beyond a school district when choosing a home. How close is your home to major highways in the area (and is that a good thing or a bad thing)? How close are you to work, and are there other job opportunities or thriving industries nearby? What’s the shopping like? Are there parks or recreation centers, and where are the best grocery stores?

You’re buying a neighborhood just as much as you’re buying a home, and unlike your home, there isn’t usually a lot you can do to change the neighborhood. So make sure you’re fully aware of what the area where you’re hoping to buy is like, both positive and negative, and understand how that’s going to affect your life while you’re in the home and any buyers who may come after you.

Focus on what you can’t change

It’s really easy to fall in love with one part of a home and allow it to cloud a truer vision of your future. Maybe that kitchen is perfect for re-imagining yourself in a scene from Julia and Julia, but if there aren’t enough bedrooms or bathrooms in the home, then you’ll regret the purchase soon after you move in.
Try to look beyond trims and finishes to focus on the aspects of the home that are fixed and unchanging, like the lot size or the location of the property. If you’re touring a potential home with an agent, give your agent your list of must-haves and ask your agent if the house could fit that list with a little bit of work.

A real estate professional can help you figure out if a house that you think is just OK today might actually be your dream home in disguise. You can change out carpeting for hardwood floors and redo a kitchen over time, but if your heart is set on waterfront property … that might take a few thousand years to manifest, and you don’t have that long.

Is that really a “bargain”?

If you’re faced with a choice between a home that seems like a bargain but requires some fixing-up and a home that’s more expensive but requires little or no work, which should you choose?

In general, you probably want to opt for paying more out-of-pocket today for a home that’s still standing solidly tomorrow. There might be a good reason why that home is listed at a “bargain” price — it might be too expensive and time-consuming for anyone to reasonably fix.

This is another area where your real estate agent can help you understand whether a home’s condition is really worth the savings. Agents have seen homes in the area of all ages and in many different conditions, and they can let you know what issues typically arise in homes and whether the place you’re considering might be at risk for exhibiting one or more of those issues.

When you know how to choose the perfect property, you’re in a good place to start your home search — even if you’ve never bought a home before. Once you’ve got your short list of what you’re seeking, talk to a real estate professional so you can take the next step toward your homeownership dream.

Seller Tips January 10, 2019

5 Home Seller Strategies for Staging Your Home Perfectly

There’s a reason why people love looking at photos of homes for sale — it’s rare that we get to see a place look it’s very best, and scrolling through gorgeous room after room helps serious buyers see themselves settling down in those very rooms.

But as any seller (or photographer) can attest, getting a home ready for its close-up (also known as “staging”) is not easy and is definitely not always fun. It involves a ton of cleaning, some furniture removal (or placement), a plethora of attention to detail, and usually a lot of light. This is why professional stagers charge hundreds (sometimes thousands) of dollars for their services.

If hiring a stager isn’t in your budget or you’re simply more of a do-it-yourself type, consider taking advantage of these relatively quick and easy methods for helping your soon-to-be-sold home appear shiny and new.

1. Clean, clean, clean, clean, clean

Even if you follow every other tip on the list to an exacting standard, if your home isn’t clean, you won’t be reaping all of the benefits that staging could generate for you. There are two big steps to cleaning for staging:

  • Decluttering your home
  • Deep cleaning everything … everything

First is the clutter. This might be a good time to join the neighborhood garage sale or arrange for your sister-in-law whose kids are a few years younger to come pick up all the hand-me-downs you’ve been promising. It always makes sense to start with things that you don’t want to pack up and move to a new location.

Don’t forget about the furniture — too much furniture in a room makes it look cramped and small, so remove what you don’t need.

Resist the temptation to box everything up and stash it in one room, the garage, a basement, or an attic — unless it’s not your room. Buyers are going to want to open doors, cabinets, and drawers, and peer into closets and utility rooms, so if you want your home to look its best, you need to keep those areas neat, too.

Some sellers rent storage facilities during the process, and that’s always a possibility, too. If you have family or good friends in the area who can take some of the larger items for you, then you might be able to get a smaller storage unit. (Make sure to pay your loved ones back with a gift or thoughtful gesture when the home is sold!)

When the surfaces are clear and your surroundings are feeling more vacation-home than lived-in, it’s time to deep clean those surfaces. Scrub the inside from ceiling to floors; wash your windows; consider power-washing the outside to brighten it up. Plant new flowers, keep your sidewalks and walkways clear and weed-free, and set some inviting chairs with fluffy cushions on your (freshly polished, cobweb-free) front porch.

Once the decluttering is done, it’ll be much easier to get everything looking shiny and new — and easier to hire help, too — so make sure to tackle this step first.

2. Light up

If you haven’t changed a light bulb in a while, then you might be surprised by how much brighter they’ve gotten — or what a difference a bright bulb can make in a room that you thought was naturally dreary and dim. Changing out your bulbs can be a quick way to give your entire home a quick lift, brightening up every room and helping potential buyers see exactly how well-maintained those original wood floors are, and examine the crown molding close up.

Experts suggest that you obtain 100 watts of lighting for every 50 square feet in your home, and consider using three different types of lighting (not just overhead lighting) to get there. Overhead or ambient lighting is important, of course, but accent lighting (on walls and tables) and task lighting (reading or under-cabinet lights) will help showcase your space in all its glory.

3. Rearrange with an eye for balance

Most of us don’t live in perfectly symmetrical surroundings, but if there’s a way to achieve it with your furniture, then it’s worth it to try — at least for the photos. Try to balance any shelves, counters, and mantelpieces in the same way, with an eye for highlighting the accessories that will help make your home look like a retreat from a messy world.

You can do the same thing with area rugs and artwork. Arrange your floor and wall coverings to draw the eye down the halls and through the house, which will give touring buyers a pleasant sense of welcome and discovery.

4. Organize and energize

There are always going to be parts of your house that are made to hold “stuff” — but you can make that stuff look presentable with a little bit of organization.

Some decluttering and color-blocking on your bookshelves can make the display draw the eye instead of distracting from the rest of the room, for example. Kids’ and pets’ toys are another opportunity to organize and beautify with a decorative box or basket, or a fun shelving unit that holds everything with style.
Straighten your shoes on the closet floors and neaten up the hanging areas, then open up the doors when you leave for a buyer’s tour. They’ll enjoy the welcoming feeling of the open doors (and you know they were going to open them up, anyway).

5. Polish up the appliances

If you can afford it, new appliances in the kitchen can go a long (long!) way toward helping a buyer fall in love with the heart of the house. New appliances tend to help generate high returns for sellers, so depending on the condition and upgrades in the rest of your home, you might want to consider it — you might be able to find some good deals on floor models or end-of-season sales, too.

If not, help your appliances look their best by using stainless steel polish, glass polish, or whatever else you might need to help regenerate the shine on your stove.

You don’t need to take all these tips when staging your home — but don’t ignore them all when you’re selling, either. Taking the time to pay a little bit of attention to staging before a buyer even sees the place can reap big rewards at the closing table.