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Home Prices Projected To Jump 5.2% By June 2020

10/30/2019

Money

Home prices have been slowly increasing over the past year. According to the most recent Home Price Index Report from CoreLogic, home prices jumped a steady 3.2 percent from June 2018 to June 2019—and it looks like that trend is going to increase. According to the report, home prices are projected to increase another 5.2 percent by June 2020.

So, what does that look like in actual prices? Let’s say you purchased your house in June 2018 for $300,000. If your home value increased along with national trends, today, your home would be worth $309,600—an increase of $9600. And if your home value increases according to next year’s projections, by June 2020, your home will have a price tag of $325,699—an impressive increase of $16,099.

What does that mean for you? It looks like the rest of 2019 (and into 2020) is going to be a great time to sell your home—so if you’ve been thinking about putting your home on the market, now is the time to make a move.

Vivian Fisher, REALTOR®
Leading Edge Real Estate Group
1423 Huntsville Hwy, Fayetteville, TN 37334
Lincoln County, TN Homes for Sale

6 Ways to Protect Your Home (& Trick-or-Treaters) This Halloween

10/17/2019

Halloween Lincoln County TN

From spooky decor to candy galore, the Halloween season is meant to be a fun and festive time for all ages. But according to Traveler’s insurance, along with tricks and treats, this autumn holiday sees 17% more crime-related home insurance claims filed than any other day of the year. With theft and vandalism prevalent, taking precautions is key. After all, forewarned is forearmed.

Before the sun sets and trick-or-treaters and their families begin swarming your property, consider taking the following six precautions that will help keep your property and its potential visitors as safe as possible.

1. Make sure your doors are locked.

This may sound like basic advice, but it’s all the more important to ensure that your property is secure by locking the doors to your house and vehicles on Halloween. It’s a lot less suspicious for a neighbor to see someone walking on your property on Halloween, making it easy for a thief (or just a prankster) to give your doors a try. And, the FBI reports that approximately 30 percent of all burglaries are committed without force thanks to unlocked doors and windows, so don’t give would-be thieves an easy opportunity to rob you.

2. Make sure your walkways are clear and well-lit

The promise of candy can make kids careless when it comes to looking where they’re going. It’s important to remove anything that’s a trip hazard, including sticks and branches on the lawn that can snag costumes and cause kids to fall. Move those gorgeous potted mums, pumpkins, and cornstalks if they’re in the way. Though darkness lends an air of spooktacular eeriness to the night, it can contribute to accidents. Make sure your walkways are well-lit and change any bulbs that are out well in advance.

3. Remove any fire hazards.

Jack-O’-Lanterns are a Halloween staple and yet candles can become a fire hazard, especially if these gourds get knocked over, or flickering flames catch the hem of costume. If you feel this decor is a holiday must-have, look for electric or battery-operated decorations that won’t have your holiday spirit go up in smoke.

4. Keep your pets secure.

The constant ringing of the doorbell can agitate pets. As you open the door to dole out candy, it’s easy for dogs and cats to escape. In the least, this can startle kids, causing them to become upset or stumble backward. But, it could also lead to a child being scratched or bitten even if you do have the sweetest of pets. While your dog may think he’s protecting you, mistaking costumed tweens for would-be intruders can create a Halloween nightmare if someone gets bitten.

5. Remove valuables from view.

On Halloween night, plenty of strangers will be traveling through your neighborhood, with many coming right up to your door, giving them an opportunity to peek directly into your home. With this in mind, it’s a good idea to keep valuables out of view for the evening. Additionally, if you have a home security system, make sure the company’s logo is visible.

6. Tighten your railings.

With crowds clamoring for candy, your front steps can become congested. If anyone starts to feel unsteady, chances are they’ll reach for your railings, and when they do, you want them to be as stable as possible. Adults escorting little ghosts and goblins will be thankful for a sturdy surface amid the mayhem.

This year, make sure your Halloween is scary for all the right reasons. Following these six suggestions can save you from becoming the star in a real life horror story.

Vivian Fisher, Realtor®
Leading Edge Real Estate Group
1423 Huntsville Hwy, Fayetteville, TN 37334
Lincoln County, TN Homes for Sale

Another Inventory Shortage May Be On The Horizon

9/30/2019

Pending
It was just a few years ago that the US was in the midst of the worst inventory shortage in history, creating fierce competition for available properties—and driving up prices in the process. And while the market has become more buyer friendly in recent months, some experts predict another inventory shortage may be on the horizon.

According to a recent article from realtor.com, new home listings are either declining or staying the same in markets across the country. If that trend continues, it could mean another historic inventory shortage. “It was only 18 months ago that the number of homes for sale hit its lowest level in recorded history and sparked the fiercest competition among buyers we’ve ever seen,” said Danielle Hale, realtor.com’s chief economist, in the article. “If the trend we’re seeing continues, overall inventory could near record lows by early next year. So far there’s been a lackluster response to low mortgage rates, but if they do spark fresh buyer interest later in the year, U.S. inventory could set new record lows.”

The Takeaway:

Today, there isn’t the fierce competition for property that the market saw a few years ago—but that could change with another inventory shortage. So if you’ve been thinking about buying a home, now’s the time to make a move.

Vivian Fisher, Realtor®
Leading Edge Real Estate Group
1423 Huntsville Hwy, Fayetteville, TN 37334
Lincoln County, TN Homes for Sale

Photos Can Make or Break Your Home Sale

9/23/2019

Photo

There’s a lot that goes into successfully selling your home, from listing at the right time to hiring the right agent. But there’s one asset you might not have thought of that can make or break your home sale—and that’s the right photos.

recent article in the Washington Post explored the importance of photos in the home selling process, and the results were astounding. The article, which examined data from various real estate sources (including the National Association of Realtors®TruliaRedfin, and real estate photography company VHT), found that 87% of buyers relied on photos to help them make a decision on a home, and 84% of buyers wouldn’t even consider a property that didn’t have listing photos. While any photos are better than no photos at all, the most benefit comes from professional home photos; professionally photographed homes sell 32% faster—and demand a 47% higher asking price per square foot—than listings without professional photos.

The Takeaway:

If you’ve been thinking about listing your home, photos are a non-negotiable. And if you want your home to sell quickly (and profitably!), you should definitely consider hiring a professional photographer to capture the perfect shots.

Vivian Fisher, Realtor®

Leading Edge Real Estate Group
1423 Huntsville Hwy, Fayetteville, TN 37334

Millennials Buying More Homes Than Any Other Generation

6/24/2019

Millennials

Millennials haven’t always been framed in the best light. But it turns out that despite popular opinion, millennials aren’t blowing their paychecks on avocado toast—they’re using them to purchase real estate.

According to the 2019 Home Buyers and Sellers Generational Trends Report from the National Association of Realtors®, millennials made up 37 percent of home buyers in the US—more than ? of total home buyers and the highest percentage of any generation. And even more impressive? Eleven percent of those home buyers are what’s considered &”younger millennials”—people between the ages of 21 and 28.

The Takeaway:

What does that mean for you? If you’re a millennial who’s been thinking about purchasing a home, now is a great time to join your home buying peers and buy a home of your own (it’s a much better investment than the avocado toast).

Vivian Fisher, Realtor®
Leading Edge Real Estate Group
1423 Huntsville Hwy, Fayetteville, TN 37334

6 Reasons Why I Fell In Love With Real Estate

6/20/2019

I love real estate

We can’t help who we fall in love with, and even more frustratingly, who falls in love with us. It’s simply one of life’s mysteries. And we might not know exactly why we fell in love with real estate, but we probably have our suspicions. Here are six reasons why I fell in love with real estate:

1. The people

You have to enjoy working with people in order to be a successful real estate agent. Coworkers, clients, baristas who recognize you as you bring in a gallon-sized travel mug for your daily caffeine dose — you’re always around people. It would be dishonest to say that it always goes smoothly, but the relationships and interactions are a huge part of the overall experience, and allow you to connect with people in a way you don’t get to in many other careers.

2. No two days are ever the same

If the drudgery of five days a week at the same office, with the same snack machine, and the same coworkers telling the same lame jokes kills your spirits, then the novelty of working in real estate will be the wind in your sails. No two days will ever be the same in the business, which means every day you’ll embark on a new adventure that could lead to a closed deal, or a trip to the park to meditate and clear your head. If you like variety, you will fall in love.

3. The thrill of the chase

While we may convince ourselves that we hate prospecting or showing up to appointments that go nowhere, it’s those very things that make us appreciate our successes that much more. The pursuit, the hopes and dreams of success, the sweat you have to put in to make things happen — all of these are the ingredients for a successful real estate career, and we appreciate the work more than we are willing to admit.

4. Just me and the open road

While real estate requires working with lots of different people in different capacities, it also has its share of solitude, and is, at its core, an independent profession. Nothing will happen unless you make it happen yourself, so if you’re an independent-minded person who enjoys being out on your own, not only will you be successful but you’ll also fall in love with the feeling of getting in your car and creating your own destiny.

5. The highs are amazing

While the lows are painful, the highest are exhilarating. If you’ve never experienced the joy of a signed contract, or a clear to close, then you have no clue just how energized and happy a signature or a few words can make you feel. Any doubts about the profession can be immediately wiped out, and you can fall in love with real estate all over again after you get to celebrate one of your triumphs.

6. Because I care

They say that if you do something you love, then you’ll never work another day in your life. Well that’s not exactly true, you’ll still have to work, but it will feel different. In real estate, even though you’re helping other people buy and sell houses, it still feels like something that’s yours. And because it’s yours, you will care. And because you care, you will appreciate it in a way that’s different than almost any other job you could possibly have, which is all the more reason to fall in love with it.

Vivian Fisher, Realtor®
Leading Edge Real Estate Group
1423 Huntsville Hwy, Fayetteville, TN 37334

4 Behind-The-Scenes Ways Your Real Estate Agent Supports Your Home Sale

6/19/2019

When you hire a real estate agent to sell your home, there are obvious things you notice them doing to help your house sell. Things like: hosting open houses, bringing potential buyers on home tours, and marketing your property in multiple ways to make sure it gets enough exposure.But when it comes to adding value to your home sale, that’s just the tip of the iceberg. A huge percentage of your agent’s job takes place behind-the-scenes, and they’re working around the clock to get your house sold — even when you’re not looking.Here are 4 behind-the-scenes way your real estate agent is working to get your house sold:

1. Performing market research
research

When it comes to pricing your home, your agent doesn’t just pull a random number out of a hat. Your agent’s recommendation is a result of extensive market research to ensure your home is priced in a way that’s attractive to both buyers and you, the seller. Agents pull data on comparable properties in your area (from both the MLS and any public databases) for the past 12 to 18 months. They research how each home was priced and how the price correlated to the average time the property sat on the market before coming up with a CMA (comparable market analysis) to determine the market value of your property and suggest a listing price. All the insights gathered from your agent’s behind-the-scenes research are crucial to pricing your property correctly — and wouldn’t be possible without your agent’s hard work.

2. Gathering relevant information for buyers
Paperwork

A critical part of the home selling process is providing accurate and complete information to potential buyers. But most of the information buyers want isn’t something you, as a seller, will have ready and available. Your agent gathers all the information a potential buyer might want to know so that if and when they request it, it’s ready to go. Agents research things like the average utility usage of your property for the past 12 months, a breakdown of the home’s floor plan, and a list of all available electricity and gas vendors in the area to make it available to buyers, which saves you a ton of time and hassle.

3. Phone calls and scheduling
Phone

As part of their marketing efforts, your agent likely has your property listed on both the MLS and multiple public forums in order to get your home in front of as many potential buyers as possible. And while the increased exposure is great for driving interest in your home, someone needs to manage all the inquiries, follow up with interested buyers, and schedule viewings. And that person is your real estate agent. When your agent calls you to schedule a tour, that’s just a small part of the process. Before they called you, they’ve already answered email inquiries, fielded multiple phone calls, talked to buyer’s agents, and weeded out people who aren’t serious about viewing — and potentially buying — your home. The call you get to schedule the tour is the last step in a lengthy scheduling process — most of which your agent manages behind-the-scenes.

4. Managing the close (and all the logistics that go with it)
multitasking

Now, once a qualified buyer makes an offer on your home — and you decide to accept it — your agent’s job goes into high gear. Now, that’s not to say that managing the close happens entirely behind-the-scenes; obviously, your agent is going to work with you to get the job done. There’s plenty of the closing process (from negotiating with the buyers to reviewing contracts) that you’ll get to witness up close and personal. But there’s a lot more that goes into managing the close of your home then what you actually see from your agent. They have to make sure the signed contracts are sent to everyone who needs a copy, including the lender, the buyer’s agent, the title company, and any involved attorneys. They have to file a status change with the MLS from “For Sale” to “Pending” and, finally, to “Sold.” They need to schedule the final walkthrough with the buyers and their agent. Closing on your home? It’s kind of a logistical nightmare. But luckily for you, when you work with a real estate agent, they take care of all the (many) details and logistics that need to be managed throughout the closing process, saving you immeasurable time, money, and frustration. When you work with a real estate agent, it’s easy to see the value that they bring to the table during the process of selling your home. But what you see is just the beginning. The hours you see your agent putting in — the home tours, the open houses, the phone calls — are just a tiny fraction of the work they’re actually doing. Your agent is working around the clock to get your home sold… and the majority of that work takes place behind-the-scenes.

June Is National Homeownership Month! Here’s An Interesting Take On It...

6/18/2019

Are you aware that June is National Homeownership month?

Probably not. Because you’re too busy working to afford the home you live in, whether you rent it or own it.

June

Why should you care?

If you poke around and read anything you can find about it, you’re being urged to recognize and celebrate the benefits of homeownership. That seems kind of a weird thing to ask you to do. Do you really have the time or care? What’re you supposed to do, throw a party? Sit alone and contemplate it? Invite some friends out for coffee and chat about it? You’ve got to figure that the people who actively promote it probably have their reasons and motives for pushing it. (You know, like real estate agents, mortgage lenders, and the government.) It makes you wonder… Why do they push it, other than to make money? Is it really the “American Dream”? Or is it just a packaged ploy? Is it all it’s cracked up to be? What about all the people who were recently hurt by the housing market and getting in over their heads? What about the economy and jobs? What about making enough money to even afford a house? And, what about all the headaches and worries that come with homeownership? Are you being sold on something unachievable, or not even all that desirable?

Maybe you shouldn’t own a home

OK, first off… Homeownership is not for everyone. There always seems to be this push to increase the percentage of homeowners. It gets wrapped in reasons why it’s good for you, your community, the country as a whole…maybe even the whole universe. Pushing to increase the percentage of homeownership for the sake of statistics and percentages is wrong. Lots of people shouldn’t own a home. Maybe some people shouldn’t even be allowed to own a home even if they qualify financially. That’s what leads to problems, because it’s a responsibility not everyone can handle. Besides, if everyone owned property it wouldn’t be as special. As coveted. As much of a dream. So, if you do question whether homeownership is “worth it”, maybe it isn’t the worst thing. Maybe you shouldn’t own a home. It’s easy enough to let the people who really want to own property, and believe in the value of it, own all of the real estate. Just don’t buy any…

Let them enjoy the “pride”

One of the catch phrases you’ve probably heard is, “There’s pride in homeownership.” That’s kind of the cover-all reason given as to why more and more people should own their own homes. You can’t entirely diminish the fact that there is pride and value in owning real estate. There is. Nor can you entirely diminish the actual benefits of ownership, like building wealth, tax incentives, and not throwing money out the window and building someone else’s wealth. But there’s certainly an inability for some people to buy real estate. Some people will never achieve homeownership. And there’s certainly risk and worry involved. Not everyone can handle that. It’s certainly understandable that lots of people shy away from buying real estate so soon after the real estate bubble burst, and the slow recovery. Some people are still recovering financially. Some people watched their parents struggle and worry, only to lose their home. But for those who can and do own real estate, there is pride. And there’s appreciation. Because while not everyone should own real estate…at least now everyone can.

You get to choose, not be chosen to own land

It used to be only a select few who could own land. Now almost everyone has the right to own property…if they want to and have the ability. This isn’t the feudal system where there are only a handful of Lords who’ve been granted a piece of land to look after by a King. (Side note: Do you think any Lords ever questioned the value of owning land?) You can choose to be the lord of some land. You just have to want to, and be financially qualified to. While you don’t have to be “chosen”…nobody’s giving it to you either. So, if you can financially afford to, there should be some pride and appreciation in owning a little (or large) piece of this planet, with a “castle” to call your own. So, when you do decide to buy some real estate, you should enjoy the pride, appreciation, and respect for the right and privilege to do so. You are essentially choosing to be your own land Lord. There are places in this world you still can’t. So, imagine that. Imagine not having the choice.

Is it worth you recognizing and celebrating?

With all that in mind, is National Homeownership Month more meaningful to you? Does it put homeownership in an objective light? Is it appealing to you? Does it make you want to own real estate? Does it make you want to own more real estate if you already own some? Don’t get swept up in the hype of homeownership month, or anyone just trying to persuade you of the benefits of homeownership, no matter what month it is. The best way to figure out if you should be a homeowner is to speak with a serious, objective real estate agent. One who takes counseling clients more seriously than pushing the pride of homeownership, just so they can make a sale. Give me a ring if you’re looking for some good, objective counsel. I’d love to be part of that round table.

Selling Your Home? These Are The Features Home Shoppers Are Looking For!

6/17/2019
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When potential buyers hit the market, they typically have a list of things they want and need in their new home. As a seller, if you can anticipate those wants and needs, it puts you in a better position to successfully sell your home. And, thanks to a new survey, anticipating those wants and needs just got easier.

According to a recent survey from home services company Porch, home price (77%) and home size (60%) topped the list of features homebuyers look for in a new home. But those aren’t the only features potential buyers are looking for! There are a number of features homebuyers look for in a home that you can control as a seller, including home features (50%) and curb appeal (14%).

The Takeaway:

As a seller, there’s a lot you can do to cater to potential buyers, like landscaping your yard to increase curb appeal or adding desirable features—and the more you cater to what homebuyers want, the faster and easier it will be to sell your home.

Vivian Fisher, Realtor®
Leading Edge Real Estate Group
1423 Huntsville Hwy, Fayetteville, TN 37334
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