Today I happened across Oprah's show on cleaning up clutter in homes across the nation. Of course, they cleaned up a few homes (WOW WOW WOW) and hauled away the trash and donated items in various VW bugs (cool cars!) She encouraged people to sign up for the decluttering curriculum and to sign the "I will not clutter" pledge. But the big WOW came at the end of the show when she announced that for the next week THE CONTAINER STORE
would be offering 20% discounts to everyone who gets the coupon off of Oprah's web site.
So here is a great way to: 1) Purchase GREAT stuff from THE CONTAINER STORE 2) Get the clutter out of my life 3) Give my clients scoop on this cool discount before they miss this great deal or hear it somewhere else!
Oprah, you go girl!
Recently I had the opportunity to stage a home that had been on the market for some time. It took four ASP stagers all day to tackle the inside of the home. We never got to the basement, the attic, the garage, or to the porch.
Thought you might want a visual of the garage. This just reconfirms the adage that LESS is DEFINITELY MORE. Just a reminder to every potential seller that a buyer cannot imagine what they cannot see!
Title Companies need to have specific guidance if buyers are expecting the sellers to help with their closing costs. To make sure that ALL possible closing costs are covered, you must include the following language in your purchase agreement:
"Closing costs, prepaids, discount points, origination fees, transaction fees, processing fees and any other related closing costs."
The last transaction I completed, the bank had one opinion and the title company had a completely different view. Thank goodness the issue was resolved prior to closing between the professionals. But both parties suggested the language above. At closing the buyer received $3,000 in closing costs which included $700 to pay down the mortgage rate to 4.75%.
For those of you who have been following the saga of my dog Jessie -- she was on the lam for three nights in below freezing weather. The doggie is now home and recovering from the saga.
Neither the National Association of Realtors (NAR) nor the Fort Wayne Association of Realtors could tell you
when this market will turn around. But one thing is apparent -- there is an incredible amount of pent up demand for home buyers and sellers that will manifest itself -- hopefully soon! Realtors and homeowners should know the local housing market trends -- because buying and selling strategy must be based on the fine points of the local housing industry.
So here is just a taste of what happened last year as far as real estate market trends for Allen County, Indiana.
• The most significant trend is the downturn in new construction inventory and sales. Since last year, new construction inventory is down 17.9% and pending units are down a whopping 31.6%.
• Overall, there are fewer homes for sale -- which also accounts for less pending units in this area. Actually, that is good for home sellers because there will be less competition!
• Also, all mortgage rates are down from last year. My most recent buyer secured a 30-year rate of 4.75% -- WOW! Now that should get buyers off of the couchJ Also, traditionally February is the best month to secure the lowest interest rates.
• In 2008, the average home was on the market for about 112 days. In 2007, that same home would have been on the market for 98 days. Not a significant difference, but it means that the home must be priced right with the market so that it does not become "shop worn." The only things that matter are right PRICE and right CONDITION.
There are five reasons to list your home NOW rather than waiting.
• Inventory - You will avoid the potential competition that warm weather brings.
• Motivated Buyers - Buyers that are out there now are serious and motivated.
• Mortgage rates - Rates are at an all time low and there IS an uptick in buyer traffic.
• Goals-Move on with your life, lower your expenses, and accomplish your goals.
• Reverse Fear - By listing now, you could avoid any level of uncertainty.
In 2008, RE/MAX was the ONLY local company to boast an increase in sales volume (10.3%). And, if I may mention it among friends, I was among the top 20% of agents in production in Allen County and the Fort Wayne Area Association of Realtors (FWAAR). Now that's the rest of the story!
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