Are you doing the things homebuyers love?
We’re approaching spring, which means the housing market is getting ramped up.
Experts agree that the market is softening for buyers, but will it be a full-on buyer’s market? Definitely not — at least, not by springtime.
This spring, buyers will likely see fewer bidding wars, slower price growth and less competition. But sellers will still have some leverage.
Are you thinking of buying or selling a home this spring? Keep these things in mind:
1. Prices won’t skyrocket.
The last few years have seen massive jumps in home prices, especially during the busy spring buying season. This year price growth is likely to slow downa bit in most markets. We may see higher prices at the height of the buying season, but they’re unlikely to be drastically higher than those seen at the end of 2018.
2. Year-over-year inventory will likely remain stagnant.
Because mortgage rates are rising, many homeowners are staying put. New home construction continues to grow, but it still lags behind buyer demand. This means we are unlikely to see an increase in listings from previous years.
3. Bidding wars will lessen.
The days of sight-unseen offers and heated bidding wars are mostly over. Except for a few hotter markets, most buyers will enjoy a slower-paced market and a little more leverage than in years past.
4. Sellers might have to make some concessions.
As mortgage rates rise, fewer buyers are looking to get in on the market, and that means sellers will need to do more to get their attention. This could mean more concessions and more room for negotiations.
Having a knowledgeable agent on your side is crucial to effectively navigating 2019’s changing housing market. If you’re considering buying or selling this year, get in touch today for personalized advice and guidance.
How practical is smart tech for you?
Smart tech has come a long way for homeowners. With the right tools, you no longer have to get up to turn on lights or change the thermostat. Have a habit of forgetting to lock the front door or turn on your porch light at night? Smart home tech can help with that, too.
Are you thinking of installing a few smart devices in your home? Here are some of the most popular and practical options to consider:
This includes motion-activated doorbell cameras, door locks with timers and garage doors controlled by smartphone apps. These technologies can offer peace of mind for homeowners who live alone and added independence to anyone with limited mobility.
Motion detecting exterior lights are the most publicized in this category. However, there are also indoor sensors that control lights as you enter and exit a room or open and close pantry doors. And Wi-Fi-enabled lightbulbs allow you to customize mood lighting throughout the house. These options offer convenience while at home and added security when you’re away.
Virtually all appliances come in smart versions today — from kitchen scales with built-in recipes to Bluetooth-enabled slow cookers to washers and dryers that let you schedule your laundry loads. These can make housework more manageable for those on a busy schedule.
These smart home tools do more than give you traffic updates. Using IFTTT (If This, Then That) customization, they can create a truly connected home. For example, they can turn on specific lights when your TV comes on or open the garage door when you get within a certain distance of the property. And they allow you to voice-activate many of your smart tech commands.
Smart home devices are also one of the most in-demand features with today’s homebuyers. Installing them could increase your property’s long-term value and marketability.
If you’re considering a new home, or have questions about your home’s value, get in touch today.
Professional yet personal
Colors have the ability to evoke emotions and change our attitudes. They can inspire and motivate us to try something new and bold. They can alter our moods and appetites, or even make a room feel small and cramped.
If you plan to redecorate a few rooms in the new year, the right color choices can make all the difference in the feeling you’re trying to achieve. Better yet, it’s one of the simplest and most affordable decor changes you can make. Not sure which colors to choose? Here are 2019’s best color palettes for home interiors, according to the Pantone Color Institute:
This palette is a mix of leisurely, rich shades like Island Green, Aurora Red and Wild Orchid. Pulled from diverse cultures, they tell the story of world travel and are great for spaces where you’ll be entertaining guests.
Proximity shows the connection between technology and nature and speaks to the challenges of modern life. These vivid blue-greens, green-blues and silver-grays are perfect for rooms with abundant natural light.
These culinary-inspired hues call to mind delicious tastes and exotic cuisines with colors like Cappuccino, Chili Pepper and Cayenne. This sensory experience is ideal for dining rooms or quiet spaces like reading nooks.
These soothing pastels evoke calm and serenity and are the epitome of comfort. The soft, nostalgic floral tones would be great in a powder room or master bedroom.
Are you planning a new look for your home? Think of these palettes as a focused road map for capturing your desired style.
If you’d like some guidance for a more substantial home renovation, or you’re interested in finding a new home this year, please reach out today.
??? IT’S GAME TIME ??? Our yearly football contest has arrived! Have you entered to win your favorite NFL Jersey??? Watch video and see comments for details. #AFC #NFC #JoeArizona #GoCards
Posted by Joe Arizona Homes REMAX Professionals on Wednesday, August 15, 2018
Do you think you know who the Super Bowl teams are this year? Got a guess? Let’s hear it!
? Email: email@example.com with the AFC and NFC team you think will be in the Super Bowl.
? If you are correct you will win a prize
? One correct entry will be drawn to win the Grand Prize, an Official NFL Jersey of your choosing.
? 1 entry per email address.
? Deadline 5pm, September 8th, 2018
AFFORDABLE WAYS TO UPDATE YOUR HOME
Tired of your home looking off-trend and out of touch? Or investing in an older home and want to update it? You don’t need deep pockets to do either. In fact, upgrading your home can be quite affordable with the right projects.
Here are five ways to make a big impact without spending a lot:
REPAINT. Paint trends come and go, so if your walls are still the same color or have the same wallpaper from 1950, they’re likely out of date. Consider giving the walls a new look with a more modern tone.
CHANGE LIGHT FIXTURES. It’s time to kick out-of-style light fixtures to the curb. Pendant lighting, Edison bulbs and simple recessed lighting are what’s hot with today’s designers and buyers.
UPDATE YOUR HARDWARE. You’d be surprised at how easily doorknobs, drawer pulls, locks and handles can start to look aged. Take a good look at your existing hardware, and consider upgrading to newer models. And don’t forget the hinges.
REFACE YOUR APPLIANCES. Have an old, yellowing appliance but don’t want to replace what’s not broken? Just use peel-and-stick stainless steel or marble contact paper, and reface those appliances instantly.
INSTALL A KICKPLATE. If you want to upgrade your curb appeal but can’t afford a new door, consider installing a kickplate. It’s an instant, affordable way to add visual appeal to any existing entryway.
These upgrades may seem minor, but when done properly, they can have a serious impact on your home’s aesthetic.
If you’re considering more extensive updates, let’s get together to discuss ways to increase your home’s marketability and long-term value.
We live in a litigious society, and for most families it would be financially devastating to experience a lawsuit. Want to protect your assets? An umbrella policy could provide the extra coverage you need.
What does an umbrella policy cover?
An umbrella policy provides additional liability protection. If someone sues you, this policy picks up where your homeowners or car insurance coverage leaves off. Coverage includes everything from legal fees to the settlement amounts associated with a lawsuit.
Umbrella insurance also covers litigation prompted by:
- Rental property incidents
- Malicious prosecutions or false arrests
- Defamation of character
- Damages for pain and suffering
Who needs extra coverage?
If you’re worried about keeping your existing net worth and future earnings secure, it might be worth looking into an umbrella policy. People with substantial assets often set up umbrella liability insurance to insulate themselves in the event of a lawsuit, but wealthy policyholders aren’t the only ones at risk. If you don’t have significant assets, the court can target your future earnings to pay off damages.
How much coverage do you need?
Umbrella policy premiums are relatively inexpensive compared to what it would cost to have your assets drained. But the more you have to safeguard, the larger the policy you may need.
To figure out how much coverage you need, first evaluate all savings, retirement accounts and physical property. Next, calculate what the potential loss of your future income would be. Finally, add these figures together to form an idea of your potential coverage amount.
No matter how much you have or don’t have, an umbrella policy can help you preserve your current and future wealth. Feel free to reach out if you have any questions.
Have you outgrown your home? Or has your home outgrown you and your household? Fewer and fewer families expect to stay in their first or second home for the long haul. Here are some factors to determine if you’re financially and emotionally ready to sell your house:
- Growing or shrinking household — Are you about to welcome a new baby or take in aging parents? Maybe you’re sending your youngest off to college. In any event, if your living space has become too cramped or grown beyond your needs, it may be time to make a move.
- Plenty of home equity — Subtract the value of your home from the amount you have left on your loan. What’s left over is the equity — or the amount you’ll have post-sale. After you sell your home, you’ll be a buyer again, so having some funds to put down is key.
- Interest from potential buyers —You’ll want to list when you know buyers are looking. Some experts say late spring is the ideal time to sell, but peak seasons vary by region. Milder weather can increase buyer interest, but that also means more competition from other sellers.
- Changing circumstances —Location matters. Whether your neighborhood dynamics are changing, you’re unhappy with the schools in your area or a new job significantly increases your commute, your community needs to fit your lifestyle.
- Home improvements —Renovations may be a wise investment, but it’s best to avoid listing your home in the middle of a project. If you plan to sell your home as is, completing some minor home updates such as new paint and fixtures can be a huge selling point.
Moving is a big decision, one that requires careful consideration. If your needs have changed since you bought your home, don’t hesitate to get in touch.
Color can impact the overall mood of your surroundings as well as what potential buyers feel when they step inside your home. The challenge comes in choosing the right combination for your particular space. See what forecasters are predicting and learn how to implement the hot colors of 2018.
Hues to Use
Experts from Pantone, Sherwin Williams and other companies make annual paint color predictions based on global themes. Hues such as BEHR’s color of the year, In the Moment, along with its peaceful palette, focus on people’s need to unplug from an overconnected world. Similar shades like Equilibrium and Off the Grid also promote a sense of serenity.
The Light and the Dark
Contrasting light and dark colors is a great way to create dynamism in your home decor. The lighter the shade, the more spacious the appearance. If your furniture or flooring is primarily neutral, adding dark colors to the mix can bring balance and help create attractive focal points.
Capitalizing on Color
Our mood is subtly yet consistently influenced by the colors around us. For example, soothing shades such as the powdery blue Casual Day can help you unwind and relax after a long day at work. Conversely, vibrant deep oranges like Civara invigorate and promote an optimistic tone.
Pointers for Color Pops
Both fun and formal spaces are equally enhanced by accents. Whether you use them to highlight a unique architectural feature or tie an area together, the trick is to be strategic. In design, the 60-30-10 rule is a well-known way to bring balance to a room.