Tag Archives | #2019REALESTATE

    The KonMari Method: Helping You Prep Your House For Sale

    The KonMari Method: Helping You Prep Your House For Sale

    The KonMari Method: Helping You Prep Your House For Sale | Simplifying The Market

    One of the biggest challenges sellers face when listing their house is decluttering. Cleaning out some of the more personal decorating choices allows buyers to imagine themselves living in the house.

    Those planning to sell soon are in luck! Marie Kondo, the inventor of the KonMari Method of Tidying Up, has gained popularity with her new Netflix series. She gives some great tips for sorting through years of accumulated possessions that we all collect in our homes.

    “The KonMari Method™ encourages tidying by category – not by location – beginning with clothes, then moving on to books, papers, komono (miscellaneous items), and, finally, sentimental items. Keep only those things that speak to the heart, and discard items that no longer spark joy. Thank them for their service – then let them go.”

    When you subjectively look at all of your belongings, you can sort through the ones that mean the most to you. Not only will you increase space for more joy-bringing items in your new home, but you will also have a much easier time packing remaining belongings!

    “Remember, tidying up isn’t about getting rid of stuff. It is about creating an environment that sparks joy and improves your quality of life.”

    When selling your house, first impressions matter! Before you or your agent schedule a photographer to take photos for your listing, make sure to tour your home with fresh eyes. Look for any imperfections that a buyer might notice.

    When you sort through your more sentimental items, consider packing them away to ensure that you know where they all are. That way, they are safe during open houses and showing appointments. This will also cut down on the amount of packing you need to do right before you move!

    Bottom Line

    Whether you are selling your house to move up to a larger one, downsizing, or moving in with family, only bring the items that truly spark joy for you. This will not only help cut down on the items you move, but also ensures that you’re off to a great start in your new home!

    Source: Michigan Real Estate Updates

    4 Proven Ways Real Estate Can Build Sizable Family Wealth

    4 Proven Ways Real Estate Can Build Sizable Family Wealth

    4 Proven Ways Real Estate Can Build Sizable Family Wealth | Simplifying The Market

    Recently, David Greene, co-host of the BiggerPockets podcast and a nationally renowned author and speaker, wrote an article in Forbes explaining how investing in real estate could help build wealth. Many of the points he made also apply to a family owning their own home. Here are a few:

    1. Appreciation

    “The rising of home prices over time, is how the majority of wealth is built in real estate. This is the ‘home run’ you hear of when people make a large windfall of money. While prices fluctuate, over the long run real estate values have always gone up, always, and there is no reason to think that is going to change.

    One thing to consider when it comes to real estate appreciation affecting your ROI is the fact that appreciation combined with leverage offers huge returns. If you buy a property for $200,000 and it appreciates to $220,000, your property had made you a 10% return. However, you likely didn’t pay cash for the property and instead used the bank’s money. If you consider that you may have put 10% down ($20,000), you actually have doubled your investment, a 100% return.”

    2. Leverage

    “By nature, real estate is one of the easiest assets to leverage I have ever come across—maybe the easiest. Not only is it easy to leverage the financing of it, but the terms are incredible compared to any other kind of loan. Interest rates are currently below 5%, down payments can be 20% or less, and loans are routinely amortized over 30-year periods.”

    3. Paying Off the Debt

    “One of the best parts of investing in real estate is the fact that … you’re slowly paying down your loan balance with each payment to the bank… After enough time passes, a good chunk of every payment comes off the loan balance, and wealth is created.”

    4. Forced Equity

    “Forced equity is a term used to refer to the wealth that is created when an investor does work to a property to make it worth more…

    Example of this would be adding a third or fourth bedroom to a property with only two, adding a second bathroom to a property with only one, or adding more square footage to a property with less than the surrounding houses.”

    Though Green was talking about investors, the same could be said about a family upgrading their own home.

    Bottom Line

    Green put it best by saying:

    There are many ways to build wealth in America, but real estate might be the safest, steadiest and simplest way to do so.”

    To read the full article, click here.

    Source: Michigan Real Estate Updates

    Do You Know How Much Your Home Has Increased in Value?

    Do You Know How Much Your Home Has Increased in Value?

    Last year we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed:

    Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.”

    The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of CoreLogic’s Home Equity Report.

    Since 2011 home values have increased significantly throughout the country, with prices rising by 5.1% in 2018 alone. When surveyed, homeowners revealed the top four reasons why they felt their homes had increased in value.

    1. Desirable Location
    2. Improved National Economy
    3. Improved Local Economy
    4. Low Home Inventory in My Area

    As we can see, not only does the data show that the homes have appreciated, but homeowners also believe they know why. Many have taken advantage of the opportunity to use their newly found equity to sell their current house and move up to their dream home!

    2019 will be a good year for the homeowners that still want to take advantage of their home equity! CoreLogic forecasts that home prices will increase by 4.8% by the end of the year.

    Bottom Line

    If you are a homeowner who would like to find out your current home value, let’s get together to discuss the hidden opportunities in your home!

    Source: Michigan Real Estate Updates

    2018 Summary of Buyer and Seller Trends

    Each year the National Association of Realtors (NAR) assembles an informative report that summarizes national data concerning buying and selling trends and characteristics for the current year. Below are 2 interesting infographics produced by NAR summarizing this data.

    Some of these facts may seem logical yet others may surprise you.  The most important information we focus on is the impact these trends have on individual properties.  How does this trend affect the purchase or sale of the specific property you want to buy or sell?   To learn more about how these trends can affect your real estate goals, reach out and let’s discuss.

    MESSAGE JOHN