5 Reasons to Sell Your House This Spring

5 Reasons to Sell Your House This Spring

5 Reasons to Sell Your House This Spring | MyKCM

When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring. Here are five reasons why this is the perfect time to sell your house if you’re ready.

1. There’s high demand from homebuyers.

Buyer demand is strong right now, and buyers are active in the market. ShowingTime, which tracks the average number of buyer showings on residential properties, recently announced that buyer showings are up 51.5% compared to this time last year. Daniil Cherkasskiy, Chief Analytics Officer at ShowingTime, notes:

“As anticipated, demand for real estate remains elevated and continues to be affected by low levels of inventory…On average, each home is getting 50 percent or more requests this year compared to January of last year. As we head into the busy season, it’s likely we’ll push into even more extreme territory until the supply starts catching up with demand.”

When your house is positioned to get a ton of attention from competitive buyers, you’re in the best spot possible as the seller.

2. There aren’t enough houses for sale.

Purchaser demand is so high, the market is running out of available houses for sale. Recently, realtor.com reported:

“Nationally, the inventory of homes for sale in February decreased by 48.6% over the past year, a higher rate of decline compared to the 42.6% drop in January. This amounted to 496,000 fewer homes for sale compared to February of last year.”

The National Association of Realtors (NAR) also reveals that, while home sales are skyrocketing, the inventory of existing homes for sale is continuing to drop dramatically. Houses are essentially selling as fast as they’re hitting the market – in fact, NAR reports that the average house is on the market for only 21 days.

It’s this imbalance between high buyer demand and a low supply of houses for sale that gives sellers such an advantage. A seller will always negotiate the best deal when demand is high and supply is low. That’s exactly what’s happening in the real estate market today.

3. You have a lot of leverage in today’s market.

Clearly, many more people are interested in buying than selling this spring, creating the ultimate sellers’ market. When this happens, homeowners in a position to sell have the upper hand in negotiations.

According to NAR, agents are reporting an average of 3.7 offers per house and an increase in bidding wars. As a seller, this means the ball is in your court – so much so that you can use your leverage to negotiate the best possible contract. Demand is there, and now is the perfect time to sell for the most favorable terms.

4. It’s a great way to use your home equity.

According to the latest data from CoreLogic, as of the third quarter of 2020, the average homeowner gained $17,000 in equity over the past year, and that number continues to grow as home values appreciate. Equity is a type of forced savings that grows during your time as a homeowner and can be put toward bigger goals like buying your next dream home.

Mark Fleming, Chief Economist at First American, notes:

“As homeowners gain equity in their homes, they are more likely to consider using that equity to purchase a larger or more attractive home – the wealth effect of rising equity. In today’s housing market, fast rising demand against the limited supply of homes for sale has resulted in continued house price appreciation.”

5. It’s a chance to find a home that meets your needs.

So much has changed over the past year, including what many of us need in a home. Spending extra time where we currently live is enabling many of us to re-evaluate homeownership and what we find most important in a home.

Whether it’s a house that has the features suited to working remotely, space for virtual or hybrid schooling, a home gym or theater, or something else, selling this spring gives you a chance to make a move and find the home of your dreams.

Bottom Line

Today’s housing market belongs to the sellers. If you’ve considered making a move but have been waiting for the right market conditions, your wait may be over. Let’s connect so you’ll be positioned to win when you sell your house this spring.

Don’t wait until Spring to list your home!

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Hottest home trends for Autumn

 


1. OVERSIZED FLORALS

This is a really lovely trend – who doesn’t love flower prints and on a large scale? Look out for big blousy designs that have a pre-Raphaelite style and you’ll find them on cushions, bedding and as murals (shown here). Keep the rest of the look simple, so the florals become the star and pick out key colors to accessorize with.

2. MODERN NETURALS

This is a combination of different elements that creates a beautiful and simple look with the emphasis on natural-looking furniture. As Kate Butler, head of design at Habitat, explains: ‘Here there’s been a focus on stripped timbers, wood grain and a return to simple, natural patinas and materials within furniture.’ Team this with gently patterned crockery, soft grey chairs and a neutral block colored textured rug to complete this calming trend.

3. GOLD

Although we had gold as a trend back in spring/summer, it’s still very much here and you’re going to see even more of it this season! So how about using it in a different form instead of as an accessory? Yes, that’s right – GOLD carpet, and isn’t it fabulous, especially with this Mid-Century modern furniture?

4. JET BLACK

Fans of monochrome will adore this trend. It’s all about the accessories – and they need to be black. But if you’re not a massive fan of large amounts of black you can make this trend work by using small blocks here and there. Like this beautiful beaded pendant, console and shelving unit. Combine this look with tactile pieces and white to balance it out.

5. ALL THE PINKS

Dusty, old fashioned pinks are all the rage for autumn which is a perfect antidote to the usual rusty tones we see, and as it’s such an easy-on-the-eye color it’s simple to apply to our homes. We asked Karen Thomas, head of design at Home at Marks & Spencer to explain this trend: ‘Adding warmth and color to your home, these tones will work especially well alongside metallic, contemporary greys and the new wave of darker neutrals. If you’re feeling bold, go for statement upholstery in vibrant pink velvet or for a more understated look try painterly florals and layer textures and fabrics to add interest.’

5. TACTILE KITCHENS

Kitchens are undergoing a change, no longer are they simply all about one style of units, a worktop and a complementary splash back. This new and exciting trend is all about mixing it up – different textures sat next to each other, contrasting in both color and touch. ‘A sleek quartz work surface with an integrated solid wood chopping board or dark cabinetry against a clean marbled splash back, makes for an eye-catching space, and one that is full of character,’ says Daniela Condo, designer at Life Kitchens.

Discover hidden treasures for a great cause

Join us for the Annual Hall & Hunter Realtors Estate Sale benefiting Habitat for Humanity in partnership with Changing Places Moving Compan

Birmingham, MI — On September 9, 2017 hundreds of buyers and collectors from all over the tri-county area will have their pick of some amazing collectibles, antiques, and quality furniture at the annual Hall & Hunter Realtors Estate Sale.  Now in its 13th year, this annual event benefits Habitat for Humanity of Oakland County and to date, has raised more than $250,000 dollars to help local families achieve their dream of owning their own, affordable home. Held under a giant tent at the Hall & Hunter Realtors office, located at 442 S. Old Woodward Avenue in Birmingham, the event runs from 9am to 4pm and shoppers are encouraged to get there early.

The annual Hall & Hunter Estate Sale has grown to become a full year’s endeavor. Through a unique partnership with Changing Places Moving Company of Waterford, donated items are collected throughout the year from Hall & Hunter clients, agents and many other community friends. The donations are then stored in the Changing Places warehouse and are delivered to the offices of Hall & Hunter in downtown Birmingham just prior to the sale.

For several days prior to the big sale, dozens of Hall & Hunter volunteers roll up their sleeves to help set up and stage the items in our giant white tent. Lori Stefek of Stefek’s Auctioneers & Appraisers generously donates her merchandising expertise to accurately price, stage and prepare for the one-of-a-kind day-long sale. Other major sponsors include Bank of Ann Arbor, Equity Title, and Downtown Publications.

Habitat for Humanity is a grass roots organization dedicated to the elimination of poverty and substandard housing.  Habitat builds or renovates homes in partnership with qualifying families who pay a no-profit mortgage held by Habitat.  Since 1996 Habitat for Humanity of Oakland County has built and renovated homes for more than 200 families.

Hall & Hunter Realtors is an exclusive affiliate of Christie’s International Real Estate and has been serving the community for more than 60 years.

For more information contact:  Gillian Lazar (glazar@hallandhunter.com) or Pam Gray (pgray@hallandhunter.com) or call 248-644-3500.

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Set on almost 2 acres, this European inspired manor home takes full advantage of its peaceful, private setting located in highly sought after Cranbrook Community neighborhood. Bathed in natural light and rich in character, the interior benefits from a thoughtful floor plan that connects to an array of outdoor living spaces. Exquisite details include gleaming marble floors, leaded glass windows, crystal light fixtures and intricate moldings. The main level takes in a 2 story foyer with a sweeping staircase, richly paneled library, gourmet kitchen opening to wonderful entertaining space featuring a large family room with fireplace, beautifully accented formal rooms and luxurious master suite and bath. Ample family accommodations include four additional bedrooms and 3 full baths on the upper level that overlook the spectacular gardens and lush landscape. A very special home! Contact Cindy Kahn for more details.

Faces of luxury real estate

Very proud to see our fearless leaders featured in Hour Detroit‘s Faces of Luxury Real Estate. CEO Dennis Wolf, President Brad Wolf & Assistant Manager Ryan Wolf consistently show a deep commitment to integrity and professionalism, setting an amazing example for our 90 experienced agents.

Are you and your garden ready for summer?

A little seasonal maintenance can go a long way toward ensuring safety and security. Traveler’s Insurance provides a home maintenance checklist to help you do just that:

Indoors:

  • Furnace – clean or replace the filter
  • Fireplace – remove any ash and have the chimney swept
  • Smoke detectors – change the batteries and check that detectors are working
  • Water heater – inspect for leaks or corrosion
  • Air conditioning – have the system checked and tuned by a professional before turning it on for the season
  • Electrical outlets – check outlets and cords for frayed wires or loose-fitting plugs. Fuse boxes and extension cords also should be checked to make sure they are not overloaded.
  • Dryer – Clean lint build-up from the clothes dryer exhaust duct and the space under the dryer. Use a specialized brush to clean out the vent pipe.
  • Windows – Let the sun shine in through clean windows all over the house

Outdoors:

  • Roof – Check for loosened shingles or any damage from snow or ice, and make repairs now to reduce the possibility of leaks
  • Gutters: Clean leaves and debris from gutters and downspouts to keep water flowing and reduce the possibility of water damage
  • Trees: Visually inspect trees for damage or rot and remove, or have professionally removed, any dead trees or limbs. Be sure all healthy trees and bushes are trimmed and away from utility wires
  • Lawn Equipment: Make sure lawn mowers, tractors and other equipment are tuned up before using. Store oil and gas for lawn equipment and tools in a vented, locked area.
  • Walkways and Driveways: Repair any cracks and broken or uneven surfaces to provide a safe, level walking area.

7 reasons to work with a REALTOR®

This article is from the National Association of REALTORS®. REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference for home buyers:

  1. An expert guide. Selling a home usually requires dozens of forms, reports, disclosures, and other technical documents. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.
  2. Objective information and opinions. REALTORS® can provide local information on utilities, zoning, schools, and more. They also have objective information about each property. REALTORs® can use that data to help you determine if the property has what you need.
  3. Property marketing power. Property doesn’t sell due to advertising alone. A large share of real estate sales comes as the result of a practitioner’s contacts with previous clients, friends, and family. When a property is marketed by a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.
  4. Negotiation knowledge. There are many factors up for discussion in a deal. A REALTOR® will look at every angle from your perspective, including crafting a purchase agreement that allows you the flexibility you need to take that next step.
  5. Up-to-date experience. Most people sell only a few homes in a lifetime, usually with quite a few years in between each sale. Even if you’ve done it before, laws and regulations change. REALTORS® handle hundreds of transactions over the course of their career.
  6. Your rock during emotional moments. A home is so much more than four walls and a roof. And for most people, property represents the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on the issues most important to you.
  7. Ethical treatment. Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a REALTOR®’s client, you can expect honest and ethical treatment in all transaction-related matters.

5 tips for buyers in a tight housing market

When inventory is low, home prices tend to go up. Attempting to purchase a house in this type of market can make the already complex process of buying a home even more overwhelming. Get through the buying process with as little stress and difficulty as possible with these tips from the National Association of REALTORS® (NAR):

  1. Determine and stick to a budget.
  1. Identify desired neighborhoods and home wants versus needs.
  1. Be ready to make a decision quickly.
  1. Bid competitively and limit contingencies.
  1. Work with a REALTOR® from Hall & Hunter Realtors. Meet our Agents