My Blog

Best Bet Home Improvements

Sure, you can spend a lot on something purely for the personal pleasure of having it like that outdoor Jacuzzi under the attached gazebo or you can go the practical route and make an improvement that will increase your home’s market value. But be forewarned! You can’t expect to always recoup your costs on both counts. Just because you put $25,000 worth of improvements into your home doesn’t mean that your house is worth $25,000 more! It may not sound very exciting, but it’s the basic improvements you make to your home that may have the greatest return on its value: a beautiful new bathroom won’t make up for a leaky roof. Below are some examples of a few improvements that usually pay off and some that rarely make a difference (no matter how much you paid for them) when it comes time to sell your home. We are noticing that as Weston Homes “age” Buyers are favoring homes with updated Kitchens and Baths. Properties that have not been updated tend to take a little longer to sell, or Buyers want to discount the price based on the amount of money they feel will be needed to remodel the house. Painting If you’re planning to sell your home in a year or two, a fresh coat of a neutral toned paint could make the sale easier. If you have colored walls, even if you don’t plan to paint the whole house, neutralize the home as much as possible. Kitchen With just a few basic improvements, your kitchen can practically pay you back with interest! New paint, appliances and flooring are always... read more

The Market Has Stabilized

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates are still below 5%. However, sellers should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease. Here is a chart detailing this... read more

Third Quarter Market Trends 33028 Pembroke Pines, FL

  Since one year ago, the number of active listings is up 67.6% while the sold properties are down 57.1%. The pended  listings under contract are up 26.3 %. When the PENDED LISTINGS indicator is rising, our market is in recovery. Contracts have been written and are anticipated to close. Average home prices are up.  The price per square foot of a single-family residence, is approximately $165 per square foot – which is an increase of  16.3% over last year. Homes remain on the market an average of 47 days  a decrease of 29.9% over last year. Homes are selling within 96% of their originally listed price. As of today’s date there are 83 active listings in zip code 33028 homes newer than 1995. Part of the reason for this increase people who were  previously under water have now placed their homes for sale. As inventory increase the prices level off or start to fall. The average listed price in 33028 is $435,000.00– a 3.% /decrease over last year.  Oddly the average sold price is  $455,000.00. Important information: Months of Inventory.  Currently, zip code 33028 is experiencing 9.5 months of inventory which is indicative of a balanced market.  The single family homes in this area were experiencing barely 1 to 3 months of inventory.  Oddly, in August of 2014, the inventory shot up to 9.6 months. Since our inventory was extremely low for so long, it is a relief to buyers that there is more to chose from –however, prices have leveled. It is time to list, time to sell, time to upsize, time to downsize — money is still inexpensive to borrow. Consider what is happening nation Would you like to... read more

Why You Need A Real Estate Agent

The information delivered by your neighborhood real estate agent in the past is now available on the internet. You no longer need agents for information regarding which homes are for sale or what houses in your neighborhood sell for. You can easily find that information online. This information itself is no longer what you need from your real estate professional. However, you still need someone to deliver a thoughtful analysis of this information. “There’s a large gap between information and actionable knowledge.” In other words, information by itself is essentially useless. What’s truly important is being able to understand, analyze, and use the information for the best outcome. And that’s what a real estate professional’s job has become! What you really want is someone who can… Analyze all the available information Connect the dots and let you know if now is a good time to buy or the right time to sell Take the time to explain your options—simply and effectively You now need a real estate agent who truly understands the market and can help you feel confident that you are making the right decisions for you and your family.... read more

Home Price Versus Your Happiness. . . Steve Harney Weighs In. . .

Steve Harney, a national Real Estate prognosticator, stated in his kcmblog yesterday: “I recently gave a presentation about the current real estate market to a group of home sellers in a city in the Northeast.  That night, I explained to them that home values in their area were about to be negatively impacted by a surge of distressed properties entering their region over the next year. As I have often found to be the case, the homeowners were very receptive; many felt that they now had the information they needed to make a good decision with regard to pricing their home to sell in this market. After the class that night, several of the homeowners came up to me to privately discuss their personal situations. One of these owners said something I will never forget. He shared with me that he had come to a revelation that night. This particular homeowner had put his home on the market with plans to move to Florida, where his daughter and his infant grandson live. He missed his daughter very much and missed his grandson even more. He hated every passing day that he wasn’t able to “hold the baby in my arms and rock him to sleep”. That night at the seminar, he thanked me for reminding him of the reason he put his home on the market in the first place – he needed to rejoin his family. I was struck by the wisdom of his final words to me before he turned to walk away. “I thought I was putting a price on my home. While I hold out– hoping... read more