5 Reasons You Should Sell This Summer

5 Reasons You Should Sell This Summer | MyKCM

Here are five reasons listing your home for sale this summer makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR)shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is currently at a 4.2-month supply, well under the 6-months needed for a normal housing market. This means, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory could be coming to the market soon.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this summer.

Also, builder’s confidence in the market has hit its highest mark in over 11 years. Experts are predicting that new construction of single-family homes will ramp up this summer.

The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

Fannie Mae anticipates an acceleration in home sales that will surpass 2007’s pace. As the market continues to strengthen, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to a new low of 42 days, after seeing a 12-month high of 48 days in January.

4. There Will Never Be a Better Time to Move Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.9% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

You can also lock in your 30-year housing expense with an interest ratearound 4% right now. Rates are projected to increase in the next 12 months.

5. It’s Time to Move on with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

#1 Reason to List Your House for Sale, NOW!

#1 Reason to List Your House for Sale, NOW! | MyKCM

If you are debating listing your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale 

The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:

Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market.

Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase”.

The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

#1 Reason to List Your House for Sale, NOW! | MyKCM

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Let’s get together and discuss the supply conditions in your neighborhood to be able to assist you in gaining access to the buyers who are ready, willing and able to buy now!

Midtown Modern

I just had the pleasure of listing this spectacular modern midtown town home at 820 Robin Street, Houston, TX 77019. It’s been completely renovated throughout, so it feels like a brand new home & it’s ready for its new buyer to move right in!  Additionally, it’s located extremely close to all of the midtown nightlife, restaurants, several parks and walking distance to downtown.  It’s a great community with a friendly feel in the center of a big city.

I love that this property is an end unit, so you get a ton of natural light throughout the entire home.  There are plenty of windows spread throughout with custom blinds with remotes. 

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Having personally lived in one of the Urban Loft properties in Midtown myself I especially am partial to the HUGE living/dining/kitchen space. This home is very open and inviting. The living room has vaulted ceilings with Minka fans and the wall mounted TV will remain with the home. 

Virtual Staging High Res 1

The kitchen is very open and has stainless steel appliances, a stainless steel refrigerator, under cabinet lights and a gas stove.

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Another thing I love about this home is that it has ZERO carpet. The 2nd and 3rd Floors have refinished pine hardwood floors and they are absolutely PERFECT! The Master retreat is the entire 3rd floor and has vaulted ceilings, a bonus office space, HUGE closet and large Master bath.

Virtual Staging High Res 2

This spacious Master Bath has both a tub and a shower with dual shower heads. 

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Here is a close up of the stainless steel Ducolav sinks in the Master Bath giving this bath a modern feel.  The new Kohler faucets fit perfectly along with the sparkling counter tops.

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Check out this Guest Bath. Trust me – you won’t be disappointed.  It’s truly a show stopper and could seriously be feature in a magazine.  The whole thing has been redone. New subway tile, new dual flush toilet, new fixtures, new sink, new mirror and pendant light. It’s just gorgeous – I swoon over this bathroom every time I see it!

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Again, no carpet in this home! The first floor is stained concrete, which has been refinished. All of the walls & trim of the entire home has been painted and the doors are all a great color of navy – it’s truly impressive.  The first floor bedroom is over-sized and has not one, but two closets. 

Virtual Staging High Res 3

I almost forgot to mention – this place even has a YARD, yes a yard!  This yard is completely low maintenance, but could easily be converted into a backyard retreat!  Imagine the possibilities!

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The 2nd floor even has a large balcony just off the kitchen so you can easily pop out and grill!  This deck has just been redone with new Trex decking.

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Again, just minutes from the heart of Midtown! You definitely don’t want to miss this home!

Midtown Sign

Bethel Park

Thanks for checking it out!

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Perfectly Staged Homes

Let’s talk staging really quick….

Last week I spent a few days getting a house staged & ready for the market.  Why do I spend the time helping my clients by staging their homes, you ask?  The simple answer is that properly staged homes sell and sell quickly.  Sellers want their homes to sell faster, right?! Well, a staged home really helps a buyer picture furniture in the space.  You would be surprised how a lot of buyers lack vision!

See below for a few before and after photos for my upcoming listing this week and let me know what you think (excuse the phone quality photos)!  Vacant or Staged?  Which photos would you rather look at?

DINING ROOM:

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LIVING ROOM:

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See ALL the photos of my new listing at:  2712 Rocky Springs

Can I help someone you know with listing their home to sell?

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#PerfectlyStagedHomes #SarahRhoadsRealEstate #SarahsellstheHTX #HousesandHighHeels

New listing in Richmond!

I have a new listing in Richmond and it is B E A utiful!

8015 Crescent Knolls Drive

8015 Crescent Knolls Drive is a 5 Bedroom Home in an excellent neighborhood.

Vaulted Ceilings and Floor to Ceiling Windows.

 

Kitchen with Breakfast Bar and Island are open to the Living Area.

 

Huge Back Yard and Game Room make it easy to relax.

Community with Trails, Pools and Parks. Neighborhood Website – Long Meadow Farms

Location, location, location!

  • Walking distance to the neighborhood school
  • Nearby Sonterra (Huge shopping & restaurant destination)
  • Convenient to the Grand Parkway, Westpark Toll Road and Fort Bend Toll Road.  

Check it out!