Housing Inventory is INSANELY LOW, as evidenced in the fact there were only 8 single family homes actively listed FOR SALE in the zip code of 08003 in Cherry Hill, and 13 single family homes listed in all Voorhees, given the parameters listed below.
Home buyers are feeling extremely frustrated as they continue to place very competitive offers on homes, and time and time again, are being outbid.
Even as I continue to only want the best for my buyers and advise them of their options, I am astonished at what some buyers are willing to do out of total desperation. Waiving all inspections to win a bid is not something I would advise. When you are bidding 10-20 percent higher than a home’s market value, be sure you aren’t going to want to sell it in a few years because the market may have corrected itself by then.
Home Sellers who own second homes(they know they won’t be out on the street) are cashing in on the gains.
While MORTGAGE RATES continue to RISE, many buyers will continue
to be challenged heading into spring as their borrowing costs rise and housing values continue to be driven up by high demand.
Going Places with Dina Guzzardo
An exciting new tour is currently being offered in the spring, summer, and fall by Aloha Tiki Cruises. A custom-built Tiki themed tour on a 30ft × 14ft twin engine boat which features a thatched Tiki Hut and Bar, an impressive sound system, LED lighting, large deck/lounge area, and even a bathroom will sail you around the beautiful coastline of AC and Brigantine.CLICK HERE FOR FULL ARTICLE
Photo: James Baigrie
I’ve told clients and friends for years the easiest and most cost effective way to truly transform a space is with a tiny investment in paint. A new color on a wall can completely revamp a dated space. Just as a new coat of paint can transform a room, a piece of furniture or dated cabinetry, the same holds true for dated or faded wood floors.
Painted wood floors became popular in old Victorian homes, farmhouses, and beach cottages as a way to retain character, add color, and hide imperfections before the development of modern wood sealants. Over the years, designers and homeowners have gotten creative and turned to painting floors over sanding and refinishing for several reasons including:
I suggest consulting with a paint store professional to decide what paint is best for durability and to achieve the look you desire. For a satin finish, choose a latex floor paint. For a semi gloss or high gloss finish, use a latex, polyurethane, or alkyd paint.
QUICK TIP: As always, when I consult with HOME SELLERS, when their home needs upgrades to make it more inviting to potential buyers, I advise them that investing in paint can go a long way.
MY TOP FIVE SUGGESTIONS ON PREPARING A HOME FOR SALE
As always, if you have any questions regarding design or preparing your home for sale, feel free to contact me. 856.912.4995
Do you remember there was a time when it was difficult to sell a home if there was a pool in the backyard? Well times have certainly changed in the world of Covid-19.
In-ground pools are now a major selling point with home buyers today. From personal experience, many of our buyers have placed pools and/or hot tubs at the top of their want list. If there is a pool in the backyard, buyers are willing to pay a premium, especially due to the fact if a homeowner wants a pool installed today, on average they are looking at a 2 plus year wait time. According to REALTOR magazine, pools have become one of the most popular keyword searches on listing sites.
As the growing popularity of renting vacation homes on Airbnb and VRBO continues to soar, tenants are also willing to pay a premium if the home features an in-ground pool.
SELLERS, If your home has an in-ground pool, you can expect a greater demand in today’s market. But REMEMBER, price your home at market value to bring the greatest number of buyers through the door.