Month: November 2010

Increase Your Home’s Appeal During The Holidays

Your goal will be to enhance your home for sale during the holiday season without alienating any potential buyers. You will want to carefully manage the atmosphere creating warmth, elegance and family-friendliness, without clutter.  

 Stage your house just right, because the holidays typically bring in serious buyers, rather than “just lookers.”

 So go on and deck those halls, just keep these holiday real estate tips in mind when you do.

Create Warmth
Your goal when decorating your house for holiday sale is to create a warm inviting atmosphere while keeping everything buyer friendly. Light the fireplace and set the thermostat to a warm temperature. Open the draperies, turn on lights and add more lamps.  Since it gets dark earlier, light your porch, your walkway and your house number. A dark, cold house will seem sterile and uninviting.

Keep it Simple
Holiday decor can add a cozy homey feeling to your house. While a few tasteful decorations can enhance your home’s attractiveness to buyers, too much holiday cheer will drive them away and can prevent them from freely walking through your home.  Consider taking down customary pictures and then putting up holiday decorations, instead of just adding holiday decorations to what you already have up in your home. 

Don’t Forget Aromas
Don’t forget a pine scented air freshener or scented candle or scented soaps to create a holiday atmosphere without distracting from your home’s floorplan.  The old “fresh baked cookie” trick works especially well during this season! 

Consider Setting the Dining Room Table
The holidays are a time of gathering with friends and family, so consider setting your dining room table as a display that will show your buyers how beautifully they could celebrate and entertain in your home.

Host  A Holiday Open House
Remember that your friends, neighbors, and family are a great source of potential buyers, so invite them to celebrate with you….perhaps they know someone in the market for a new home!


Best Time to Buy a Home EVER

We had a great lunch bunch today where we discussed the Home Affordability factors that are showing that never in our history has there been a better time to buy homes!  That’s right – NEVER!  Home affordability takes into account interest rates, home prices and income levels.  With interest rates at historic lows and home prices falling or remaining stable, reports show that a family needs only 15% – 16% of their income to purchase a home……..that’s down from approximately 50% just a few years ago.

We need to be sure that the buying public is aware of the truth about mortgage rates as they relate to other economic indicators:  in 1989 a loaf of bread was 67 cents, a new car averaged $15,350; average home price was $120,000 with an average payment of $1,053.  In 2009, a loaf of bread is  up to $2.79; the average new car price has increased to $28,715 and the average price of a home is up to $174,000……but the average monthly payment is DOWN to $934.  Mortgage rates in 1989 averaged 10% while in 2009 the average was 5%, and current rates are below 5% in many cases.

This perfect scenario for home buying will change dramatically with even a slight rise in interest rates, so we need to be sure the consumers are informed and inspired to act today.  It will be a shame to wait until rates begin to rise to take action!

Dreaming of Being Self Employed? Love People? Thinking of a career in Real Estate?

Don’t miss our informative, casual career night and get great information about a career in the real estate industry!   Join us in our one hour presentation to get the facts and information you need to take the best first steps and make the best decisions about entering the wonderful world of Real estate!  Many of us love homes, love people, are interested in being our own boss – thinking about becoming a Realtor?  Then we look forward to meeting you Tuesday evening, November 16th from 6:30pm – 7:30pm at 2611 Cross Timbers, Flower Mound, TX, 75028. Regardless of your geographic location, this is a great way to receive reliable information and the inspiration to get off to a great start!