Thursday, November 8, 2018 / by Tammi Knapp
My blog postings, for the most part, are informational, however some times I have a touching or funny story that I want to share, so I have decided to sprinkle those in. I am human, not just a marketing bot. I have feelings and make relationships with my clients. It is my goal to make many more relationships and sharing these stories in my blog might just be the first step in fostering those relationships. So here goes the first of many.
Real estate for me is more than just a job, it feeds my soul. I recently helped a family from China purchase their first home in the USA. The spoke very little English, so some of the communication was touch to say the least. We muddled through and with persistence and patience they closed on their new home. I checked in on them recently and received the following reply. It is feedback like this that makes me LOVE what I do.
There's something wrong in my email box ...
Wednesday, November 7, 2018 / by Tammi Knapp
There is a lot of talk about the market slowing down. Here are some stats to help clear things up.
The average sales price of homes in Cary has increased from $280k in 2015 to $380k in 2018. That is $100k in 3 years. We can't possibly maintain that kind of appreciate, nor do we want to. Cary would become a place that only a select few could afford. So yes, appreciation has tapered off a bit. Part of that is due to seasonality. We do typically price correct during the winter months.
This graph shows average days on market. This year we dipped below 15 days on market. Some homes were actually selling in hours. This kind of market is very hard on buyers and sellers alike. Buyers are forced to make offers with very little time to consider their options. Sellers are faced with multiple offers and made to chose who will they chose to work with. That may seem ideal, but these offers are coming with ...
Tuesday, November 6, 2018 / by Tammi Knapp
We are shifting into a buyer's market. As we do so, it’s time to make some adjustments. For one thing, it's worth looking at some simple home improvement projects that can help ensure you sell your home quickly and at a top price. The thing is, when it comes to selling your home, not all home improvements are created equal. That's why I've collected the three top home improvement projects that home buyers love, according to a report by the National Association of Home Builders:#1 Laundry roomMore than anything, home buyers currently want a separate room for washing, folding, and ironing clothes, so they can keep the mess out of their living space. The good news is this project can be surprisingly easy to complete. If you have an unused basement, it makes a lot of sense to put the laundry room there, because all the utility lines will be accessible, and you probably won't have to demolish anything. In this ca ...
Monday, November 5, 2018 / by Tammi Knapp
Gray skies don’t have to mean a drab indoor life.
As fall continues and the days become shorter, it’s too tempting to just hibernate until spring. But there is, indeed, joy to be found in the quieter months of the year.
Perhaps it’s a bit overdone to talk about the art of hygge, that untranslatable Danish word that references the feeling of being ultra-cozy and content.
The thing is, the Danes know how to thrive in winter. You might already know they’re the happiest people on earth, but did you know a lot of them attribute their unseasonably sunny outlook to their home- and self-care habits?
When it’s cold and rainy out, you might hear the siren song of your favorite streaming service. Ahh, sweet, solitary binge-watching! But if you’d like a more satisfying way to spend a chilly evening, here are a few ideas to channel the Danes’ wisdom and make an intentionally delightful day out of drab weather.
1. Set the mood
Candles are a key in ...
Friday, November 2, 2018 / by Tammi Knapp
There are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources:
Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.
The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.
Freddie Mac – An organization which provides liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.
Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets.
Here are their projections:
Every source sees home sales growing next year. Let’s ge ...