20 Tips for Preparing Your House for Sale

20 Tips for Preparing Your House for Sale [INFOGRAPHIC] | MyKCM

Some Highlights:

  • When listing your house for sale your top goal will be to get the home sold for the best price possible!
  • There are many small projects that you can do to ensure this happens!
  • Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

Posted on September 8, 2017 at 12:55 pm
Marni Jimenez | Posted in Uncategorized |

Buyer Demand Continues Outpacing the Supply of Homes for Sale

 

Buyer Demand Continues Outpacing the Supply of Homes for Sale | MyKCM

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

Buyer Demand

The map below was created after asking the question: “How would you rate buyer traffic in your area?”

Buyer Traffic | MyKCM

The darker the blue, the stronger the demand for homes in that area. Only three states had a ‘stable’ demand level.

Seller Supply

The index also asked: “How would you rate seller traffic in your area?”

As you can see from the map below, 21 states report a ‘weak’ sellers traffic, 25 states report a ‘stable’ sellers traffic, only 4 states and DC report a ‘strong’ sellers traffic. Meaning there are far fewer homes on the market than what is needed to satisfy the buyers who are out looking for their dream homes.

Seller Traffic | MyKCM

Bottom Line

Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase. If you are debating listing your home for sale, let’s get together to help you capitalize on the demand in the market now!


Posted on August 1, 2017 at 12:59 pm
Marni Jimenez | Posted in Market Update |

U.S. Housing Inventory Hits a New Low… List Your House TODAY!

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.

Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.

Here is a chart showing the decrease in inventory levels by category:

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.


Posted on July 25, 2017 at 12:54 pm
Marni Jimenez | Posted in Market Update |

7 Painting Hacks to Get the Look of a Pro — Without the Pro Price

These DIY home painting tips will make your friends say, “You cheated!”

A DIY painting job doesn’t have to equal crooked lines, besmirched floors, and ceramic sinks speckled with robin’s egg blue.

Use these simple painting tips and tricks from the pros to make the process faster and less messy — and ensure a fresh, modern look for your home.

#1 Soak Brushes in Fabric Softener to Keep Brushes Soft

Every DIY painter has been privy to the horrors of a day-old brush with stiff bristles that makes round two nearly impossible.

To keep paint brushes soft:

  1. Rinse thoroughly (no soap).
  2. Mix half a cup of fabric softener with a gallon of warm water
  3. Swish brushes in the mixture for 10 seconds or so.
  4. Lay them flat or hang them on a peg for overnight storage.

“That way, the bristles won’t develop a bend and will retain their usefulness for your next painting adventure,” says Artem Filikov, vice president of marketing and product development for home improvement website HomeYou.

Also, there’s no need to rinse before using. The softener actually helps distribute paint more smoothly.Sweet!

#2 Use Plastic Wrap to Prevent Mishaps

When painting around a large, awkward item you want to keep clean, like a toilet or a standalone sink, surround it with plastic wrap to keep drips from destroying its finish. For an extra tight wrap, choose a wrap with an adhesive backing — your hardware store will even carry special painter’s plastic wrap, if you really want to go all out — which will help it stick to the surface and prevent the odd drop from inching its way in. Once you’ve finished the job, just unwrap for a paint-free finish.

#3 Use Vanilla and Lemon Extracts to Reduce Paint Odor

Paint’s intense odor can get really old really fast. Overpower it with a little bit of vanilla. Although there are vanilla-scented products specifically designed to use with paint, you can get the same effect with what’s in your kitchen cabinet. For darker paints, add a couple drops of vanilla extract (artificial is fine) per gallon to reduce the nasty smell and keep your room smelling sweet for weeks to come. Because you don’t want the tint of vanilla to ruin the color of your paint, swap it with lemon extract for light-colored paints.

#4 Repurpose Old T-Shirts as Rags to Reduce Waste

Painting’s a messy job, but using roll after roll of paper towels is neither efficient nor environmentally-friendly. And while you could pick up a mega-pack of plain cotton towels to keep paint from splattering, why not use something you can find stuffed at the back of a drawer. Geoff Sharp, the owner of Sharper Impressions Painting Co., recommends cutting up old T-shirts to use as rags, saving money and resources (not to mention a trip to Goodwill).

“If paint runs down your roller or brush, it gets really messy, really quick,” he says. “Always have a rag in your pocket so you and your brush or roller stay clean.”

 

#5 Keep Q-tips Handy for Mistakes

Oh no! A drop of Naples Sunset just splashed on your white window frame. You’ve only got a few minutes to clean up the mess before your mistake is sealed for eternity. That’s where Q-tips come in handy. Just stash some in your pocket for these types of emergencies. Here’s another use for that pile of cotton swabs tucked in your jeans pocket: Use them to touch up imperfections on newly-painted walls without dirtying an entire paintbrush.

#6 Put Petroleum Jelly on Small Spots You Don’t Want Painted

A little bit of Vaseline can go a long way toward keeping your paint job clean. Using a Q-tip (another reason to keep them handy), go over all the bits and pieces you don’t want painted, like screws or hinges. With the petroleum jelly applied, even an accidental slip won’t leave you heartbroken. Here’s another tip for a hassle-free paint job: “Run petroleum jelly along the seals of your doors and windows to prevent them from sticking,” Sharp says.

#7 Use a Hair Dryer on Painter’s Tape for Easy Removal

Painter’s tape is supposed to make your paint job easier and stress-free. But when strips of perfect paint peel off along with the adhesive — or you just can’t get the darn tape to come off at all — you might feel like you wasted your effort. To help stubborn painter’s tape get a move on, turn a hair dryer (low heat only) toward your handiwork. Holding it about three inches from the wall will help soften the adhesive and ensure an even line, making removal a stress-free affair — and ensuring you keep that dreamy, crisp paint line.

 

For more helpful articles like this one, check out Houselogic.com

https://www.houselogic.com/remodel/painting-lighting/painting-tips-and-tricks/?site_ref=mosaic


Posted on July 11, 2017 at 1:28 pm
Marni Jimenez | Posted in Uncategorized |

How to Be the Neighborhood Hangout House

There’s usually one on any given block — you can spot it by the kids doing chalk art and eating Popsicles in the driveway, and the parents chatting on the porch or around the fire bowl (which seems to be on just about every night). It’s the neighborhood hangout house, and it’s where all of the kids (and grown-ups, for that matter) want to be. If you’re cringing just imagining having neighbors lining up to hang out in your yard, that’s understandable: Being the hangout house is not everyone’s cup of tea. But if you love bringing people in the neighborhood together, read on for 10 ways to do just that.

Posted on June 30, 2017 at 1:52 pm
Marni Jimenez | Posted in Uncategorized |

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 rate around 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.


Posted on June 7, 2017 at 12:08 pm
Marni Jimenez | Posted in Uncategorized |

Top 5 Home Design Trends of 2017

Image result for home decor

 

 

The current trends are all about utilizing rich color, maximizing texture and creating comfortable interiors you can’t wait to relax in. Use these trends to get inspired to makeover your home’s interiors and create spaces you love that also appeal to your personal style. Remember, if you plan to sell in the next few years, you may want to avoid doing anything dramatic and instead incorporate small changes that would appeal to buyers.

 

Why are these trends gaining popularity?

The underlying theme of these trends is creating a home environment you love; one that appeals to your emotions and feels like a retreat from the stresses of the world. Although the home is a place where you can relax and spend time with loved ones, work expectations are beginning to blur the line between work and home. Even if people don’t work from home specifically, many are stretching their work hours into their evenings and weekends to complete work projects.

 

It’s no wonder the Nordic concept of hygge(most often pronounced “hoo-gah”) has become a hot trend. A centuries-old concept, incorporating hygge in the home means creating simple and comfortable spaces that make you feel cozy and safe and appeal to your senses.1 The emphasis is on simplicity and fostering positive experiences, whether you’re spending time with family, reading a good book or catching up on work emails.

 

WARM AND RICH COLORS.

Whether you want to play with a bold color or stick with neutrals, one thing is clear—paint is the foundation of a great design. Painting your interiors has a return on investment of about 75 percent and is a relatively inexpensive project to complete, costing between $25 to $100 for paint alone.2 If you’re thinking of refreshing your home’s interiors with a coat of paint, popular colors include warm taupe, fresh green and dark tones. These colors are popular choices because they evoke feeling of warmth and coziness when you walk into a room.

 

Wondering how to pair these colors? Taupe is the perfect alternative to traditional neutrals, such as gray and white, and goes well with cool blues, earthy greens and deep shades of wine.  Green goes well with other earthy shades, such as copper and moss, as well as deep plum and bright pink. If you’re hesitant to paint your walls green, incorporate it into your home by way of accent pillows, rugs, lamps, vases and other accessories or add a few house plants.

 

If you’re interested in adding more drama to a room, include bold, dark colors.  Dark shades add color and sophistication to any space. Plum and dark gray pair well with pale blues, warm whites and light gray.

 

Try one of these Colors of the Year:

 

Poised Taupe – Sherwin Williams

            Greenery – Pantone

Shadow – Benjamin Moore

 

RICH MATERIALS.

Lux materials create a space in which you can’t wait to kick off your shoes and relax at the end of the day. The Danes use a mixture of materials and pattern as a way of adding character and interest; however the overall look still needs to adhere to a color palette to prevent it from looking distracting.

 

Natural materials and textures allow you to maximize the comfort of the bedroom, living room or family room. Wood accents give rooms an earthy feel. Incorporate rustic wood sculptures, trays and furniture into your space. Choose furniture made with sustainably harvested wood certified by the Forest Stewardship Council (FSC) or use reclaimed wood for an environmentally friendly alternative.

 

If natural elements aren’t your style, but you want to add more visual interest to your room, try mixing patterns. Although it may have been avoided in the past, mixing stripes, florals and geometric prints actually help ground a space as long as the patterns feature complimentary colors or different shades of one color. If you’re worried about going overboard and making your room look “busy,” focus your mix in one area of the room. For example, add throw pillows in a variety of patterns to your sofa.

 

GOING GREEN.

According to a recent study from the American Psychological Association, people are more stressed than ever, with 24 percent of adults reporting they’re experiencing “extreme stress.”3

Top sources of stress include work and money. By incorporating small changes, like making your house more energy efficient, you can start to lower your bills and get back to relaxing and enjoying life like the Danish do (who consistently top the polls as the happiest people).

 

Save money on your energy bills by sealing the “envelope” of your home, which includes the windows and doors, walls, floor and roof. The better insulated your home is, the less heat will escape and the lower your energy bill (and stress level) will be.

 

The most heat loss occurs through the walls of the home: up to 35 percent of heat loss, to be exact.4 Ceramic insulating paint is a space-inspired coating of paint mixed with ceramic compounds and applied to interior or exterior surfaces. It seals your walls and prevents heat from escaping, which means reduced energy bills all year long.

 

THE FUNCTIONAL HOME OFFICE.

Twenty-four percent of employed people do some or all of their work at home.5Since more people are working remotely than ever, home offices are becoming more popular. Even if you don’t plan on working from home, a home office gives you a place to pay bills, work on personal projects, plan your family’s schedule and more. Home offices tend to be multifunctional, serving as a guest room when family and friends visit, and have the potential to meet other needs that arise.

 

The key idea behind hygge is to enjoy the environment around you and for each room to be a sanctuary to sink into at any given moment. Your home office is no exception! Maximize your productivity, efficiency and focus by painting the walls shades of green or blue.6 If space is an issue, create a nook by installing docking and tech cabinets that are big enough to store a printer and other small office equipment and files without taking over the room.

 

If you don’t have room in your home for an office, look no further than your backyard. Shedquarters, small structures or sheds built in the backyard for use as an office or home-based business, are an attractive option for homeowners who don’t have a room to dedicate to an office and don’t wish to add on their homes. while the jury is out on how much value these structure add to a home, they can convert easily into a storage shed if you plan to sell in the future.

 

SPLURGING ON KITCHEN RENOVATIONS.

The kitchen is often the busiest, most hectic room in the house and one of the top renovation projects with a high return on investment.7 We do more than cook meals there; it’s where homework is done, bills are paid, weeks are planned and more.

 

Kitchen remodels consistently show a respectable return on investment. According to the 2017 Cost vs Value Report from Remodeling magazine, a minor kitchen remodel touts an 80.2 percent return on investment.8 You don’t need to overhaul your entire kitchen to make it more hygge. Smaller additions can transform it into a relaxing and functional space you enjoy spending time with friends and family in.

 

What does a “minor kitchen renovation” entail? In addition to replacing the fronts of your cabinets and drawers, it also includes replacing out-of-date appliances and fixtures. You may also consider replacing countertops. Quartz and quartzite are becoming more common as are other green laminate options, including ones that mimic stone, wood and concrete. Laminates install in less time, often over the existing countertop, make it an ideal choice for busy homeowners as well. Other hot kitchen trends include incorporating sustainable materials like bamboo into your countertops and floors and water filtration systems.

 

Want to improve the look and feel of your home’s interior? Are you thinking of upgrading to a home that better fits your changing needs? Call us—we’d love to help you achieve all of your home-related dreams.

 

Sources:  1. Time, Hygge, the Nordic Trend That Could Help You Survive 2016

  1. Quality Smith
  2. American Psychological Association, 2015 Stress in America
  3. Department of Energy
  4. Department of Labor
  5. Entrepreneur, How the Color of Your Office Impacts Productivity
  6. Realtor.com
  7. Remodeling Magazine, 2017

Posted on May 31, 2017 at 10:57 am
Marni Jimenez | Posted in Uncategorized |

Thinking of Selling? Now Is the Time to Act

Thinking of Selling? Now Is the Time to Act | MyKCM

If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.

Jonathan Smoke, Chief Economist at realtor.com, revealed in a recent article that:

“The biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully under contract. That’s because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.”

Smoke goes on to say:

“We started the year with the lowest inventory of homes available for sale that we’ve ever seen on realtor.com. While we did see inventory grow 2% in February, total inventory was down 11% over last year.”

In this type of market, a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction including the inspection, appraisal and financing contingencies.

Bottom Line

As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.


Posted on April 21, 2017 at 10:41 am
Marni Jimenez | Posted in selling |

It’s a Seller’s Market! Should I Downsize Now?

 

It's a Seller's Market! Should I Downsize Now? | MyKCM

A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their houses in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market.

In a blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:

  1. A smaller home means less space, but it also means less time, stress and money spent on upkeep.
  2. Let’s assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1–1.6 million in the bank to get you through your golden years.
  3. Use the proceeds from selling your current home to pay cash for a smaller one. Just imagine what you could do with no mortgage holding you down! If you can’t pay cash, aim for a 15-year fixed rate mortgage and put at least 10–20% down on your new home. Apply the $500 you saved from downsizing to your new monthly payment. At 3% interest, you could pay off a $200,000 mortgage in less than 10.5 years, saving almost $16,000 in the process.

Realtor.com also addressed downsizing in an article. They suggest that you ask yourself some questions before deciding if downsizing is right for you and your family. Here are two of their questions followed by their answers (in italics) and some additional information that could help.

Q: What kind of lifestyle do I want after I downsize?

A: “For some folks, it’s a matter of living a simpler life focused on family. Some might want to cross off travel destinations on their bucket lists. Some might want a low-maintenance community with high-end upgrades and social events. Decide what you want to achieve from your move first, and you’ll be able to better narrow down your housing options.”

Comments: Many homeowners are taking the profits from the sales of their current homes and splitting it in order to put down payments on smaller homes in their current locations, as well as on vacation/retirement homes where they plan to live when they retire.

This allows them to lock in the home price and mortgage interest rate at today’s values which makes sense financially as both home prices and interest rates are projected to rise.

Q: Have I built up enough equity in my current home to make a profit?

A: “For most homeowners, the answer is yes. This is if they’ve held on to their properties long enough to have positive equity that will be sizable enough to put a large down payment on their next home.”

Comments: A study by Fannie Mae revealed that only 37% of Americans believe that they have significant equity (> 20%) in their current home. In actuality, CoreLogic’s latestEquity Report revealed that 78.9% have greater than 20% equity. That equity could enable you to build the life you’ve always dreamt about.

Bottom Line

If you are debating downsizing your home and want to evaluate the options you currently have, let’s meet up to help guide you through the process.


Posted on March 21, 2017 at 10:45 am
Marni Jimenez | Posted in selling |

March Home Maintenance

We have made it to March! Spring is on its way, and the weather is already showing it. If you feel like you’re starting to get the spring cleaning itch early, this is for you! This is the perfect time to do some home maintenance as the weather is beginning to warm up, but also before April showers hit.  Below I have a few  maintenance tasks that are perfect to do in the month of March, especially if you live in Southern California like me. Check them out below:

Clean the Gutters: This is one task that nobody likes to do, but it is very important to maintain. Remove leaves and other debris that have accumulated throughout the winter, so you are all ready for those April showers. Overflowing gutters and blocked downspouts can damage siding and foundations.

Tip: Install gutter guards—screens, foam inserts, surface tension covers—which help to keep debris out of gutters.

 

Clean your A/C condenser: This one also sounds like a dirty task, but it is crucial that it is cleaned so it works properly. Especially if the temperatures are on the rise in your area. Remove all the dust and debris around the outside of the condenser.

Tip: Hook up a garden hose and spray the outside of the condenser. The water will melt away the gunk.

 

Prep your yard: Start bringing your yard back to life now, before temperatures warm up for real.

Tip: Remove large stones, branches that have fallen or that have littered your yard. Get out the lawnmower cut your grass. Nothing looks better in a front yard than freshly cut green grass. Prune all flowers and shrubs. Get rid of all dying blooms, that way they wont affect any others.

Clean the siding: This is one thing that often gets forgotten, or even unnoticed by homeowners. However, those who will notice it are those that will be visiting you in the Spring and Summer for outdoor BBQ’s. Get rid of dirt and grime that can cause mildew and shorten the life of your siding.

Tip: A bucket of warm soapy water and a long handles brush are all you really need. Rinse off with your garden house when finished. No fancy cleaning solutions will really make a difference. With a little elbow grease, your home will look like new.

Inspect the Roof: Our roofs take a beating in the winter with all the rain, or snow for those who get it. Take a close look at your roof for any loose or broken tiles. Also check for missing shingles, worn and rusted flashing, and cracked boots around vent pipes. These may not seem like a big deal now, but delaying repair can cause problems later on.

Tip: To save you from a potential accident, make it easy on yourself by checking your roof with a pair of binoculars while standing firmly—and safely—on the ground.

 

Doing these few simple tasks will make a big difference in your home. Make use of this beautiful March weather!

 


Posted on March 2, 2017 at 11:25 am
Marni Jimenez | Posted in Home maintenance |