No Comments

If You Are Thinking Of Selling, Now Is The Time!

If You Are Thinking of Selling, Now Is The Time!

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

“Would-be buyers face a dilemma: There will be more homes on the market over each week of the next three to four months, but there will also be even more prospective buyers. We are entering the busiest season of home buying with the lowest amount of inventory in three years. To be competitive, buyers should get pre-approved for a mortgage and be ready to act quickly if they find a home that meets their needs.”

spring is the time to sell

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.

Smoke goes on to say:

“Listings are growing as they normally do this time of the year, but because demand has been growing faster than supply, homes are selling faster. So the monthly trend is the normal seasonal pattern, but the year-over-year decline is reflective of demand being stronger than supply for more than a year, which is resulting in fewer homes available and faster-moving inventory.”

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.

Blog by: The KCM Crew

For information on how to sell your house FAST and for MORE contact The Joe Reed Team now.

No Comments

How to Not Burn Down the House While Cooking the Turkey

How to Not Burn Down the House While Cooking the Turkey

happy-thanksgiving

If you decide to deep fry a turkey, move away from the house and use a long-handled tool, as this firefighter shows. By HomeInsurance.com The countdown to turkey, stuffing and pumpkin pie has begun. Thanksgiving’s arrival means many of us are scouring the closet for pants with stretchy waistbands so we can prepare to feast.

The holiday is all about giving thanks and spending a day with loved ones. But cooking the festive Thanksgiving meal can lead to fires. And fires can lead to injuries, deaths or property loss, so make sure to follow some safety suggestions for this holiday.

Check the Stats

Thanksgiving Day is the peak day for cooking fires in homes, accounting for about three times as many fires as any other day of the year, according to the National Fire Protection Association (NFPA).

Each year between 2011 and 2013, Thanksgiving Day produced an average of 2,100 residential building fires, resulting in $28 million in property damage, 50 injuries, and 10 deaths, according to a report by the U.S. Fire Administration.

What causes most Thanksgiving fires? More than 71 percent of fires were attributed to cooking, and the highest percentage of fires (24.6 percent) occurred between noon and 3 p.m., the report said.

Eyes on the Prize

Er, turkey. Leaving food unattended while it was cooking was the leading cause of Thanksgiving cooking fires, according to the NFPA. You’ll want to visit with your guests during this holiday, but it’s far more important to pay attention to what’s in the oven or on the stovetop so that you don’t become a statistic.

Also, assign guests items to bring for the meal. Having a potluck-style Thanksgiving dinner will prevent you from doing all the cooking, so you won’t be trying to cook multiple dishes at once. Giving your undivided attention to one dish at a time will help to keep food from burning and starting fires.

And when you want to chat with your guests while you’re cooking, call them into the kitchen with you. Leaving the room while food is in the oven or on the burners is a risky move that makes your insurance provider sweat.

Don’t Wear Loose Clothing While Cooking

Let’s set the scene: You’re wearing a baggy sweater as you cook vegetables in oil or butter, and you divert your attention to talk to a family member. A fire ignites, and, in a panic, you attempt to move the pan to the sink to run water over it. When you move the pan, your loose sleeve connects with the flames and, in a flash, your entire arm is on fire.

There are several things wrong with this scenario. The first is that you should avoid wearing loose-fitting clothes while cooking, as it puts you at an increased risk to catch fire and be injured.

Secondly, never move a pot that’s on fire, or try to put out a grease or oil fire with water. It’s best to put a lid on top of the pot to smother the fire, leave the pot where it is, and turn the heat off when the fire has been tamed.

Getting distracted while cooking is also a no-no.

Keep Fire Hazards Away From the Stove

Just like ill-fitting clothing is a hazard that can easily ignite, so are things like potholders, wooden utensils, towels, and flowers. Keep these items away from burners and the oven to reduce the chances of having a kitchen fire.

It’s also important to keep pets out of the kitchen. Say you just turned off the burner, but your pup comes sniffing around, puts his paws up on the counter, and accidentally slides a towel on top of the still-hot burner without you noticing, causing it to be engulfed in flames. Avoid this type of scenario by keeping the dog in a gated room and keeping other hazards at bay.

Know the Biggest Risks

Frying is the greatest risk for home fires. So if you’re deep-frying the turkey this year, take extra precautions.

Keep the fryer away from the house and on even ground. The fryer should be set up more than 10 feet away from the home, and on level ground to keep the oil even.
Completely thaw and dry the turkey first. Only fry a turkey after it has been fully thawed and dried off to reduce the possibility of splattering grease, which can ignite fires.
Keep children and pets away, and have a fire extinguisher nearby. The last thing you want on Thanksgiving Day is for a child or pet to knock over the fryer and get injured.
If You Have a Thanksgiving Day Fire

The majority of non-fatal Thanksgiving Day fire injuries occurred when people tried to fight the fires themselves. If your home catches fire when you’re preparing Thanksgiving dinner and you don’t have a fire extinguisher on hand, just get everyone out of the house.

Keep yourself, your family, and your guests safe. You can call 911 when everyone has evacuated.

The good news is that property damage and liability coverage for incidents involving fires are typically eligible for coverage under standard home insurance policies. That’s something to be thankful for.

Original RE/MAX Blog by Rob Penrose http://remaxprosblog.com/how-to-not-burn-down-the-house-while-cooking-the-turkey/

No Comments

How to Sell Your Home Quickly Over the Holiday Season

How to Sell Your Home Quickly Over the Holiday Season
It’s tempting for many sellers to take a step back over the holiday season and wait to list their home until after the New Year. Some sellers may even pull their homes off the market temporarily to relist once the holidays are safely behind them.
This strategy works well for sellers who may have other obligations and can’t be as committed to the sale of their home during the holidays. Admittedly, there are many distractions – holiday parties, family obligations and an endless to-do list. But if you’re motivated to sell, staying focused during the holidays can really pay off.
The end of the year is typically a slower time of year for the real estate market. For motivated sellers, that means less competition. Once the New Year hits, there will likely be a flood of inventory from all those sellers who were holding off on listing their homes. Take advantage of the lack of inventory during this season to make your home stand out and attract your ideal buyer. The holiday season can present some unique opportunities to get your home sold quickly if you take the appropriate steps.
Price competitively. One sure way to make your home stand out against the competition is to price appropriately. The market is incredibly price sensitive. Even slightly over-pricing a home can result in lost momentum and extra days on the market. If your goal is to sell quickly, then over-pricing is not an option.
There may be fewer buyers actively looking on the market during the holidays, but more of these buyers will be serious prospects who are also making their home search a priority. Work with your listing agent to develop an appropriate pricing strategy that works for you and that will also catch the attention of potential buyers.
Make your home shine. Make sure your home is showing at its best. This is the golden rule no matter what time of year you’re listing your home, but it can be especially difficult over the holiday season. Out-of-town guests, holiday decorations and winter weather can all be challenges to getting your home in showing condition.
Holiday lighting, a fire crackling in the hearth, and festive decorations can make a home feel inviting and appealing but only if it’s been executed correctly. Think classic and minimal. Going overboard with holiday lawn ornaments, chotchkies or flashing, multi-colored lights could be a major distraction for buyers. Less is more.
Decorate strategically, get organized, and make a plan so you can easily and painlessly get your home ready for a last-minute showing request.
And if you’re putting your home on the market for the first time, you may want to hold off on the holiday decorations altogether, or remove them temporarily for the photo shoot. Second to price, excellent photography is one of the most important ways to make your home shine and to catch the eye of potential buyers.
A few extra pieces on the fireplace mantel or a garland on the banister can probably be overlooked in person, but it could stand out like a sore thumb in your property photos and distract buyers from noticing your home’s most impressive selling points.
Be flexible. The best way to sell your home during the holidays is to be flexible and make your home easy and available to show. This can be easier said than done, but it’s important to keep your end goals in mind. You’ve already gone through the work of getting your home ready to sell over the holidays, but if you don’t make your schedule flexible enough to get buyers in to see it, it will all be a wasted effort.
Buyers who are looking during the holiday season are often more serious and more motivated to buy and close quickly. Both buyers and sellers alike may take advantage of tax incentives for closing before the end of the year. Although, you should speak with your tax advisor regarding your individual tax situation.
Selling during the holidays also allows you to reach out-of-town buyers who may only be in town for a short time, house hunting during their vacation or in-between visiting family. Scheduling during the holidays can be difficult, so the more flexible you can be to get buyers in the door, the better the chance of a successful sale.
For serious sellers, listing your home over the holidays has its definite advantages. Less inventory means less competition and buyers who are searching over the holidays tend to be more motivated and willing to close fast.
Set yourself up for success to sell your home quickly over this holiday season. Price competitively to attract buyers, make your home shine (less is more), be flexible about scheduling so you can get potential buyers through the door and stay focused. Because, ultimately, what better way to start the New Year than with a fresh start and the successful sale of your home?
Blog by: Sally Forster Jones

http://realestate.usnews.com/real-estate/articles/how-to-sell-your-home-quickly-over-the-holiday-season/

No Comments

You Want To Buy or Sell, Now What?

You want to Buy or Sell – Now What?

 

After helping people buy and sell real estate for over 12 years, I hear all people tell me all the time that they didn’t know where to start, what to do, what not to do, and they were a little scared. I ask them, “Well how did you decide to call me” and they almost always say, “our friends used you or we saw you sell that house down the street” or something to that effect.

The Joe Reed Team

It started me to think, what does the person do who doesn’t know someone or is going to start this process alone?

So with the beginning of 2017 here I decided to give my advice to those individuals who need help starting the process of buying or selling.

If you are selling your home:

  1. ALWAYS make sure that the Realtor you are considering is a Realtor. Every agent is not a REALTOR®, but most   are. If you’re unsure, you can ask your agent if they’re a licensed REALTOR®.  REALTORS® are held to a higher ethical standard than licensed agents and must adhere to a Code of Ethics.  Some REALTORS® are brokers, while some are agents. Unfortunately, people use the term interchangeably: there are some differences.
  2. Interview more than one agent! I would suggest that you interview 3 agents. That way even if you go with the one you like the most from the get go, you will know that you made the right decision and won’t question, “what could have been”
  3. Ask questions! Don’t be shy to ask the tough questions. These are some of the ones I recommend.
  1.  How long have you been a Realtor?
  2.  Have you sold homes like mine previously?
  3.  What are your marketing strategies to help sell my home?
  4.  Are you a full time agent?
  5.  Does the agent communicate in a way that works for you? i.e. – texting, social media etc..

 

If you are Buying a home, here are some questions to ask your Buyers Agent

 

  1.  Are you a full time agent?
  2.  Is this agent able to show you homes in the time frames you need?
  3.  How long have they been an agent?
  4.  How strong of a negotiator is this agent?
  5.  What tools does this agent have to help you see a home before anyone else does?
  6.  Does the agent communicate in a way that works for you? i.e. – texting, social media etc..

Some additional questions you should ask are:

  1. Ask the agent why they like real estate. This one can really give you a good feel for if you have the right agent for you. You are going to be spending a lot of time with this person and so you want to have a good relationship with your agent.
  2. How many homes did you and your brokerage sell last year? This is important to know because you will learn how much experience they have as well as how familiar they are with the market.

 

These are just my recommendations on questions to ask, however, for more information please visit http://realtormag.realtor.org/sales-and-marketing/handouts-for-customers/for-sellers/questions-ask-when-choosing-realtor for more great questions and advise.

We at The Joe Reed Team are full time real estate team dedicated to excellence. We would love an opportunity to meet with you whether you are buying or selling or investing. Call us today at 970-270-7505, isit our website atwww.joereedteam.com, or catch up with us on social media.

No Comments

What makes a buyer fall in love?

What makes a buyer fall in love?

With Valentine’s Day now behind us, I started thinking about what truly moves people in real estate and what it is about a particular house that makes someone fall in love with it.

Some Buyers are kitchen people, some are outdoor people, some are theater people but are there things that are consistent across the board that make people fall in love with a home?

This article from Realtor.com has some ideas in it about what truly makes a Buyer fall in LOVE. It is a great read. http://www.realtor.com/advice/sell/love-at-first-sight-home-buyers/

The Buyers Agents here at The Joe Reed Team are not “ordinary agents” who send you properties from the MLS and wait for you to tell them if you like one. They are up early checking to see what has been listed over night, they are checking throughout the day for the perfect one to pop up and get you in before any other Buyers get a chance to see it. They are talking and networking with other agents about properties that are about to hit the market or that have recently expired and are no longer available to the public thru the internet or websites. They are previewing properties for you so that they don’t waste your precious time with properties that won’t work. Simply put, they just worked harder and smarter than most agents to ultimately get you thru the front door of the house that you are going to fall in love with.

Call us today at 970-270-7505 or visit our website www.thejoereedteam.com to get to know Adam, Chad or Cody and have them help you find the perfect home to fall in love with. 

No Comments

Buying A Home In The Spring

Buying a Home in the Spring

Spring and summer are the high season for buying a home: according to one estimate, about 40 percent of home sales happen from April through July. Spring is a great time to buy a home, because buyers can move in better weather, have months to fix up the house before the cold sets in, and can get kids settled before the school year begins.
However, those advantages also mean that spring can be a competitive time to house-hunt. It’s important to be prepared: Know what you want, what you’re willing to trade off and how much you can spend, and be ready to move quickly when you find the home you want.

buying a home in the spring

Set Your Budget for Buying a Home

First, decide how much house you can afford. Besides monthly mortgage payments, you must have enough money for a down payment, closing costs, moving and the initial expenses of living in the home, including things like new furniture and paint.
The Mortgage Bankers Association recommends that buyers spend no more than 2.5 times their income on a home. Total housing payments should not exceed 28 percent of your gross income, and total debt payments should be less than 36 percent. That means payments on all loans, including your mortgage, student loans, auto loans and credit card debt. Try our Home Affordability Calculator to do the math.

Determine Your Home Wants and Needs

Before setting out on your search for a home, determine your needs. Make a list of what you absolutely must have and what you would be willing to forgo. Research the neighborhoods that interest you. Check out the schools, the local services and the public facilities and speak to people on the street to get a feel for the area.

Choose a Good Real Estate Agent

Local agents offer information you can’t always find online or through property listings. Agents know the prices of recently sold properties, and many have a good handle on what a house is worth. A buyer’s agent will represent your interests; helping you find homes that fit your budget and list of requirements and helping you get the best deal.

Get Mortgage Loan Pre-Approval

Speak with several mortgage lenders, online and off, and choose the best rate and the most appropriate terms for your budget. The low rates that are available may not last indefinitely, so see if you can lock in all or part of the loan. Many lenders offer various plans for your monthly payments. With a mortgage loan pre-approval in hand, you’ll be ready to act quickly when you find a home you want to make an offer on.

Blog by Cina Coren

No Comments

What’s Luck Got To Do With It?

With St. Patrick’s Day this month, I got to thinking about “luck” and what it means in real estate. Does luck have a place in real estate?
For decades, probably even before the turn of the century, real estate has always been jokingly about location, location, location but is there more to it than that? Is it luck? Did you just happen to find your dream home? Did your house just happen to go under contract in one day with multiple offers? I say no. I believe, and even practice, that real estate is a calculated game of insight, wit, and intelligence.

imagesThat is not to say that the brand new agent who is selling the overpriced listing down the street doesn’t get “lucky” once in a while but for the most part, luck has no place in real estate. The time honored practices in real estate have never been more important. Technology is great, and I utilize all the new stuff as it comes out, but it does not take the place of putting the work into the job. We can’t just rely on throwing a sign in the yard and hoping to get “lucky”. That is an amateur’s mistake.

Why would you hire an agent that relies on luck? Most of the time, the commission on the sale of a house is a substantial amount of money, and true professional Realtors earn every penny; but it never ceases to amaze me the Buyers and Sellers who don’t educate themselves and just hire agents that rely on “luck” rather than those who have insight, wit and intelligence.

So, what does all this mean to you? Well, you are lucky you are reading this blog because we at The Joe Reed Team do not rely on luck. We rely on technology, wit, intelligence, and time honored practices to make sure that your real estate transaction is the best possible experience for you.
Call us today 970-270-7505 or email us at info@thejoereedteam.com

No Comments

What makes a tech savvy agent?

Are all agents the same? What makes a tech savvy agent?  Don’t they just put your home into the MLS and then sit back, golf, and wait for their check to come in?  That is the most common statement that we hear when a Seller has listed with another agent, their home doesn’t sell and we are sitting in their dining room as we ask what happened with their first agent.

 

As uncomfortable as it is for me sometimes, I like the honesty from the Seller even as inaccurate it is most of the time. However, it gives us an opportunity to really tell the Seller what we do that is different from other agents.

So what exactly is it?

Technology is the single most important thing in selling a home in today’s market in my opinion. Yes, face to face interaction, proper contract writing skills and knowing the legal details are important, but if you don’t have the best, latest technology and truly understand how the consumer utilizes it, then your agent isn’t reaching the most amount of Buyers for you; therefore, not doing the best possible job.

 

The largest generation of Buyers, in the history of real estate, is just now entering the buying field; the Millennials. They are smart, savvy, and quick. If they can’t navigate your business while mobile, they will move past you and never give you another shot. If you don’t text, blog, have an online and interactive way for them to view homes, network with them through social media, or simply move as fast as they do, then you lose them! GAME OVER!

The steps a tech savvy agent should take for YOU.

So, that is why back in 2007 when I joined RE/MAX 4000, I made a commitment to my Sellers and Buyers that I would always have the latest technology for my clients. We were the first to have a lot of the technology in Grand Junction that is now standard in our area.  We are more than just a tech savvy agent, we are tech savvy people who embrace it and love every aspect of it.

 

I can confidently say, there is not another agent in the greater Grand Junction area that has the amount of technology The Joe Reed Team has. Call us today for your personal appointment, custom tailored to your needs to help you achieve your real estate goals.

No Comments

The Best Home Improvements For Fall

What are the best home improvements for fall?

Fall is the season for posting apple-picking photos on Instagram, enjoying pumpkin spice–flavored everything, and spending weekends enjoying the autumn scenery. Just peek out your window —whether you live in Boston, MA, or own a piece of Atlanta, GA, real estate — the cooler temps and changing leaves are hard to resist. While beautiful, fall is also the perfect time for rolling up our sleeves and tackling those home improvement projects we put off during the summer.

Fall Home Tips“Enjoying the weather can put you in a great state of mind and allow you to focus on the task at hand — and do it well. Beyond that, most building materials are at their best when they are installed at moderate temps,” says Phil Eby of Eby Exteriors in Akron, PA. Plus, contractors typically have fewer projects during the fall, so you’re more likely to find help quickly if you don’t want to go the DIY route. Especially if you plan on listing your home in the spring (or anytime within the next year), you’ll want to prioritize the best home improvements for resale.

 

To figure out what’s worth your time and budget, we asked real estate agents and other professionals for their expert opinions. Here’s what they had to say:
1. Paint the front door ROI: 80% to 140%
Hands down, the easiest exterior project is also the one that reaps the biggest rewards. A freshly painted front door helps your home stand out from the block, and it can be finished in less than an afternoon. Fall is usually the perfect time for this activity; just pick that afternoon wisely. “Normally, exterior painting should be done at a time when the temps are at least 50 degrees or so and aren’t dipping below the 40s at night. This allows the paint to adhere properly and prevents it from freezing before it is fully dry,” Eby says.
2. Refresh (or repair) the deck ROI: 80% to 120%
A deck is only as good as its condition. If the wood is splintering, the finish faded, or the rails shaky, call in the experts. “A buyer who sees a dirty deck that’s in disrepair may sour their feelings about your house, and even if they still want to buy your home, they will certainly use it as a negotiating point,” says Eby. Even if you have to outright replace the deck, it’s worth the expense. (Just remember to get a permit!)
3. Enhance the exterior ROI: 60% to 100%
If your exterior paint job is in decent shape, a few touch-ups could suffice. But for those with chipping paint or a 1970s color scheme? Call the pros immediately. “The last thing you want is to scare buyers away before they even get inside,” says Than Merrill, former host of A&E’s Flip This House and CEO of FortuneBuilders. On average, you’ll spend $1,000 to $3,000 (for a 500- to 1,500-square-foot single-story home), but he estimates that the investment in curb appeal can help properties sell for up to 10% more than others on the block. Just stick to neutrals: This isn’t the time to try out a statement color.
4. Replace or repair your roof ROI: 50% to 110%
“The peace of mind offered by a functionally sound roof is invaluable to its respective occupants and is weighed heavily by those intent on making a purchase,” Merrill says. A new roof can be basic or with details that enhance curb appeal, but its main value comes from instilling confidence in a prospective buyer. This holds true for repairing leaks and for cosmetic damage, which buyers often use to negotiate a lower price.
5. Power-wash the exterior ROI: 40% to 110%
The ROI for this project can vary based on just how dirty your home was before the wash. If the home was merely a little dirty, the ROI may not be as great as it is for one that will look almost new after the wash. If your home falls into the latter category, it can be worth it to hire a pro. “The ROI could be 100% or more, even if done by a pro for $1,000 or more,” Eby says. If you decide to go DIY, Eby cautions to take care to avoid spraying water in a direction that’ll force it behind siding or under shingles.
6. Window replacement ROI: 50% to 80%
Windows can be hit-or-miss investments, mainly because they are expensive to replace and almost invisible to buyers. “It’s been my experience that unless the windows are damaged or so poorly insulated that your utility bills are sky-high, most buyers don’t consider windows to be a major deciding factor,” says Wingfield.
7. Update your HVAC ROI: 20% to 50%
This project ranks as one with the lowest payoff, simply because current buyers have come to expect all homes have central air. An upgrade isn’t a selling point unless the system was old to begin with. “If your existing system has been in place for more than 10 to 15 years, it’s likely that you’ll soon need a new one. It becomes an area that a potential buyer will most likely use to negotiate a lower price,” Eby says. Even then, you might have to show proof of gains in efficiency to recoup your costs.
8. Clean the gutters ROI: Priceless
Here, an ounce of prevention is worth a pound of cure. “While you may need to wait for inclement weather to realize your return on investment, a mere 30 minutes of routine rain gutter maintenance could prevent thousands of dollars in damage to the foundation of a home,” Merrill says. If you outsource this chore, expect to pay $3 to $9 per foot.

No Comments

Financial Benefits of Home Ownership

Owning a home is a big financial investment, but it has the potential to provide the buyer with some substantial rewards as well. Let’s look at some of the ways that owning a home can provide you with some great benefits from a financial perspective.

When you buy a home in Grand Junction, it has quite a bit of potential to go up in value over time. Of course, this is dependent on the home you choose, and making sure that you can actually afford the property. Each month, you are building equity in your home. Every payment you make increases the equity you have in the place. Over time, the value of the property can increase.

In addition, you could always choose to use it as an investment property if you would like. This can help you pay off your mortgage and even bring in some extra income each month.

Of course, one of the biggest benefits is the tax deductions that you can get when you own a home. You are able to deduct interest payments from your taxes, which can actually help you to save a substantial amount on your home, particularly in the early years. With the money you save on your taxes, you could actually make extra payments on your home to pay it off a bit earlier.

In addition, when you own a home for more than five years, you will find that it is cheaper than renting. You aren’t simply throwing your money away either. You have an investment that will last your lifetime if you choose.

Thanks to these financial benefits, and the great properties in the area, there has never been a better time to start looking for a great property in the Grand Junction area. Start your search today.

Resource: forbes.com