Thinking of Selling? Why Now May Be The Time

Posted by David Kaufmann on January 29, 2016 at 8:15 PM Comments comments (0)

Thinking of Selling? Why Now May Be The Time

Thinking of Selling? Why Now May Be The Time | Keeping Current Matters

It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their home on the market until then. The question is whether or not that will be a good strategy this year.

The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed which months most people listed their home in for 2015. Here is a graphic showing the results:

2015 Popular Selling Months | Keeping Current Matters

The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,860,000.

That number spiked to 2,280,000 by May!

What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring. They are out looking for a home right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition for a buyer.

Bottom Line

It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.

David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstownand the surrounding areas.

www.DavidKaufmannEXITRealty.com- 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax;DavidKaufmannEXITRealty@gmail.comemail


What to do AFTER the storm has passed

Posted by David Kaufmann on January 23, 2016 at 9:05 PM Comments comments (0)


What to do AFTER the storm has passed:

From the official website of the Department of Homeland Security 01/23/2016

Hello Maryland, now that “Jonas” #Blizzardof2016 has passed, here are a few tips on what to do next.


After Winter Storms And Extreme Cold

  • If your home loses power or heat for more than a few hours or if you do not have adequate supplies to stay warm in your home overnight, you may want to go to a designated public shelter if you can get there safely. TextSHELTER + your ZIP code to 43362 (4FEMA) to find the nearest shelter in your area (e.g., SHELTER20472)
  • Bring any personal items that you would need to spend the night (such as toiletries, medicines). Take precautions when traveling to the shelter. Dress warmly in layers, wear boots, mittens, and a hat.
  • Continue to protect yourself from frostbite and hypothermia by wearing warm, loose-fitting, lightweight clothing in several layers. Stay indoors, if possible.


Learn From Every Storm

Restock your emergency supplies to be ready in case another storm hits.

  • Assess how well your supplies and family plan worked. What could you have done better?
  • Take a few minutes to improve your family plan and supplies before the next winter storm hits.
  • Talk to your neighbors and colleagues about their experiences and share tips with each other.

David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXIT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax; DavidKaufmannEXITRealty@gmail.com email


The Most Appealing Aspects of Homeownership

Posted by David Kaufmann on January 18, 2016 at 6:40 PM Comments comments (1)

The Most Appealing Aspects of Homeownership

A post from my site at SimplifyingTheMarket.com published this past week . What is most appealing about homeownership to you?

The National Association of Realtors (NAR) just released their first issue of the Housing Opportunities & Market Experience Survey (HOME). In the report, NAR revealed what Americans believe to be the most appealing aspects of homeownership.

Here is a graph showing the results:

The Most Appealing Aspects of Homeownership | Simplifying The Market

It is interesting to see that the two most appealing aspects had nothing to do with money, but instead, addressed the non-financial benefits of homeownership.

David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax; DavidKaufmannEXITRealty@gmail.com email

New Listing in El Centro, CA! 2611 Lenrey Ave.

Posted by Jay Goyal on January 16, 2016 at 3:25 AM Comments comments (0)

Amazing house for sale in one of the most desirable areas of El Centro CA 92243!!

4 Bed + 3 Bathrooms 

Visit www.2611lenrey.info for an online tour, pictures, and  additional information!
Don't miss out the opportunity to own your dream home!

 

 

 

 

 

Tips for Sellers - Spring is just 74 Days Away!

Posted by Jon Harrison on January 6, 2016 at 2:15 PM Comments comments (0)

Tips for Sellers. Spring is only 74 days away get that house ready to sell!

Can you believe it? The holidays just ended and spring is just 74 days away so here are some Tips for Sellers to help you get that house ready to sell.

•    Let the winter weather guide you to any maintenance the outside may need. Make notes about the condition of the roof, paint, yard drainage and so on. A few quick repairs will help you sell and improve your house's curb appeal.

•    Check condition of all your weather stripping. You will be surprised how much more comfortable the house is without the drafts blowing in.

•    Is your HVAC system up to par? Many heating and air conditioning companies will give a big winter discount to come out and perform a tune-up on your HVAC system. The quieter and more efficient it runs the better a buyer likes it.

•    Check all your wall plates and replace as necessary and check all electrical outlets.

•    Check all your windows to see if they move freely. If they’re stuck check for moisture getting in.  

•    Colder weather means your water heater works harder. Check underneath it for leaks.

These are just a few things that can help to bring you more money when you go to sell your house in the spring. Call me now for more free house selling tips and find out “What’s my Profit?” if I sell my house. 

Search for Houses in Las Vegas for Sale from your smartphone at jonslasvegashomes.com

New Listing in El Centro, CA. 504 Desert Garden.

Posted by Jay Goyal on December 31, 2015 at 5:10 PM Comments comments (0)

Huge lot, Upgrades, Affordable! Dear Home buyer, I am 504 Desert Garden in El Centro.  If you are looking for very nice house which has been upgraded with quality products then check me out.  I am located close to I-8 access, shopping centers, parks and hospital. Food places are within walking distance.  Recently, I have been through major remodeling.  Do not forget to check the windows, quality flooring, specious bathroom, nice colors within the house and other items.  Are you ready to fall in love with kitchen which has gorgeous white cabinets, attractive and very nice kitchen counter top, island with bar style seating and steel appliances?  You may get lost in the large back yard, which has plenty of space to park your RV, build a pool, patio and many more possibilities. I have several advantages of being a corner property with only one neighbor.  The best thing about me is the price which is very affordable.  Why to pay rent when you can become my new owner? 3 Bedrooms, 1 Bathroom. 

Check out our online tour HERE !

For more information or to speak to one of our agents about more listings please call (760) 352- 9000

 

 

 

Condo for rent in Calexico, CA! by Jay Goyal

Posted by Jay Goyal on December 30, 2015 at 6:20 PM Comments comments (0)

This condo is located in a gated community in a great neighborhood minutes away from local stores and restaurants. This property has 2 covered parking spaces, a community pool with a jacuzzi and a storage room. The rooms are spacious and washer and dryer are included! 

2 bedroom + 2 bathroom 
850 /mo + 850 deposit. 

 

 

Click here for more pictures! 

Home Prices: Past, Present & Future

Posted by David Kaufmann on December 22, 2015 at 7:55 PM Comments comments (0)

Home Prices: Past, Present and Future | Keeping Current Matters

CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months.

Here are state maps for each category:

The Past – home appreciation over the last 12 months

Home Prices Past | Keeping Current Matters

The Present – home appreciation over the last month

Home Prices Present | Keeping Current Matters

The Future – home appreciation projected over the next 12 months

Home Prices Future | Keeping Current Matters

Bottom Line:

Homes across the country are appreciating at different rates. If you plan on relocating to another state and are waiting for your home to appreciate more, you need to know that the home you will buy in another state may be appreciating even faster.

Meet with a local real estate professional who can help you determine your next steps.

David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax; DavidKaufmannEXITRealty@gmail.com email

Foreclosure Inventory Drops as Economy Improves

Posted by David Kaufmann on December 15, 2015 at 7:55 AM Comments comments (0)

Foreclosure Inventory Drops as Economy Improves

Some Highlights:

  • Foreclosure Inventory has dropped year-over-year for the last 4 years (48 months).
  • Only 3.4% of US homes are in serious delinquency.
  • 29 states have a foreclosure inventory rate lower than the national average.
  • For more information you can download the full report here.


David Kaufmann – Realtor ® / GRI - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Queenstown and the surrounding areas.

www.DavidKaufmannEXITRealty.com - 443-223-3026 cell, 410-304-2115 office,

410-304-2031 fax; DavidKaufmannEXITRealty@gmail.com email

Why You Will Need to Sell Your Home Twice

Posted by Petra Quinn on December 11, 2015 at 11:25 AM Comments comments (0)

Are you on the fence about buying or selling a home? If you are a seller, let me tell you Why You Will Need to Sell Your Home Twice! Buyers, this can save you some headaches, and potentially funds, as well.


A recent post on “The Home Story”, a site published by Fannie Mae, explained the difference between the price a seller may get for their home and the value an appraiser might assign the property.

The Sales Price

Of course, most sellers want to maximize the value they get for the house. However, the price they set might not be reflective of the other comparable homes in the neighborhood. As the article stated:

“People tend to view their homes emotionally, and that can become quickly apparent when they decide to sell.”

That doesn’t mean that the home won’t necessarily sell for that price.

A seller can set an asking price and actually have a buyer agree to that price. However, that value may not be necessarily in agreement with what most buyers are willing to pay. For example, one person can view a property, determine it is exactly what they are looking for and well worth the asking price, whereas another person could look at the same property and feel the asking price is too high.

Steven Corbin, Director of Valuation in Fannie Mae’s CPM Real Estate division gives an example:

“Someone may have driven by the property countless times, and they really want to live in that house. So in reality they may overbid for that property. This would be a situation where the actions of a specific buyer do not represent the actions of a typical buyer.”

The Appraised Value (or Market Value)

Fannie Mae explains what they look for when appraising the house:

“When a contract is established on a property, an appraised value is determined by a professional real estate appraiser. The appraiser works on the lender’s behalf to determine that value by taking many factors into consideration, including the neighborhood, the value of properties of similar size and construction, and even such things as the type of fixtures on the premises and layout of the floor plan.”

Corbin adds:

“From a lending perspective, a bank would want to know the probable price a typical buyer would offer for the property. That’s what an appraiser would set as the market value.”

The Challenge when Sales Price and Appraisal Value are Different

If the appraiser comes in with a value that is below the agreed upon sales price, the lending institution might not authorize the mortgage for the full amount a buyer would need to complete the transaction.

Quicken Loans actually releases a Home Price Perception Index (HPPI) that quantifies the difference between what sellers and appraisers believe regarding value. The HPPIrepresents the difference between appraisers’ and homeowners’ opinions of home values.

Currently, there is approximately a 2% difference between what homeowners believe their home to be worth and what appraisers value that same home. On a $300,000 sale that would be a $6,000 difference. That could be a challenge that might prevent the home sale proceeding to the closing table.

Quicken Loans Chief Economist Bob Walters recently commented on this issue:

“The more homeowners are in line with appraisers, the easier it will be to refinance their mortgage and easier for those looking to buy a home. If the two are aligned, it eliminates one of the top stumbling blocks in the mortgage process.”

Bottom Line

Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). In a housing market where supply is very low and demand is very high, home values increase rapidly. One major challenge in such a market is the bank appraisal. If prices are jumping, it is difficult for appraisers to find adequate comparable sales (similar houses in the neighborhood that closed recently) to defend the price when performing the appraisal for the bank.

With escalating prices, the second sale might be even more difficult than the first. That is why we suggest that you use an experienced real estate professional to help set your listing price.


Petra Quinn is a trusted Real Estate Professional with over 10 years experience, specializing in listing and selling residential real estate on both sides of the Chesapeake Bay Bridge, in Anne Arundel & Queen Anne’s County, from luxury homes to more modest dwellings. Petra is also an active board member of Kent Island Estates Community Association, Talisman Therapeutic Riding fundraising committee and volunteer, as well as an active committee member at MidShore Board of Realtors®. You can reach Petra best on her cell phone at 443-600-1986, or via email Petra@EXITGoldRealty.com. EXIT GOLD REALTY is located at 115 Pullman Crossing Road, Grasonville, MD 21638. The broker, Debbie Houck, can be reached at the office under 410-304-2115