Monthly Archives: November 2019

You’re not cooking this Thursday

You’re breathing a sigh of relief. It’s not your year to host the family for Thanskgiving.

But, before you take off to celebrate the holiday with family and friends, here are a few tips to be sure that you home is safe while you’re away.

Don’t let your house appear as if no one is home. Set timers on interior lights. This goes a long way to deter those with bad intent, who often look for opportunities during the holiday season. If you have two cars and are only taking one, consider leaving the other in the driveway. This can also create the appearance that someone is home. If you’re going to be gone for an extended period of time, ask a neighbor to move it to a different spot.

Be careful what you share on social media. Never broadcast your location on Facebook or Instagram. Even if you think that it’s only your friends or colleagues following you online,  you don’t who is watching their pages.

It might seem obvious, but check to be sure all doors and windows are locked.

Plan some exterior lighting. Set these lights on timers, too.

Finally, don’t leave spare keys outdoors. Collect any that are hidden from around the outside of your home. Remember, under the mat and in potted plants are not especially original hiding places.

With peace of mind, you can better enjoy the holiday.


Mari was installed last week for another term as a member of the Board of Directors of the Cape Cod and Islands Board of Realtors and MLS.

In congratulating her, Today Real Estate said that Mari “does a great job of sustaining an extremely successful real estates career and still manages to assist her peers by volunteering with the Cape Cod and Islands Association of Realtors, and the Cape Cod community through her volunteer efforts with the Cape and Islands United Way.”

In addition to her involvement with the Board of Realtors, Mari is chairing the health grants review committee for United Way.


We hope you have a happy and safe Thanksgiving. We’re grateful to everyone who has decided to “make their move with Mari.” We sincerely appreciate your trust and friendship.

Enjoy your week…

Mari and Hank

Buyer Demand Continues to Increase

Sitting on the fence about whether or not you should put your home on the market?

This may change your mind: across the country — including here in the Northeast — buyers are out in full force.

According to the latest ShowingTime Showing Index,: “Home showing activity was up again nationwide with a 4.6 percent rise in traffic, as the traditionally slow fall season began with a marked boost in buyer interest.”

Buyers clearly have the right idea, as mortgage rates have dropped over a full percentage point since the fall of 2018. They’ve hovered in a historically low range since this summer, making the overall cost of homeownership significantly more attractive and affordable.

Here’s the breakdown of how ShowingTime reports current buyer traffic patterns across the country:

The West Region, which until August had experienced 18 consecutive months of flagging home buyer traffic, lead the four regions in year-over-year improvement with an 8.9 percent increase in buyer activity.

The South followed with a 6.4 percent increase, the largest such improvement in the region since April 2018, with the Northeast Region’s 5.6 percent increase the next largest among the four regions.

The Midwest’s more modest 0.8 percent year-over-year growth rounded out the nation’s promising month.”

Our experience on Cape is in line with the national trends. Open houses are busy and buyers are ready to make decisions.

If you’re thinking of waiting until spring to sell, think again!  This might sound crazy, but this is a great time of year to market your home. Our houses never look better than they do at the holidays. Buyers are serious and have the same holiday demands that you do putting a strong emphasis on cooperation on both sides.

We’d be happy to meet with you to discuss your options. Just contact us via the comment section or by calling 508-568-8191. Thanks.


We’ve teamed up with our colleagues at industry resource Keeping Current Matters (KCM) to create a webpage that contains both articles and videos about the real estate market.

Just posted on Real Estate with MARI AND HANK SENNOTT is an article explaining why the current economic situation will not lead to a housing crisis similar to the one in 2008.

Too many talking heads are predicting the worst for the housing market. These self described experts are looking at the availability of mortgages as a sign of trouble. Please read the article linked here to see why they’re not correct.


Finally…

Home prices are predicted to rise in 2020. Putting off  buying and/or selling will only cost you more if you wait.

Enjoy your week…

Mari and Hank

 

Buyers and Sellers

 

There’s an interesting question that some buyers are facing right now.

With a somewhat limited inventory, especially in the starter and middle-level markets, some buyers are considering a new house that’s recently been constructed, or building the home of their dreams.

According to Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB): “The second half of 2019 has seen steady gains in single-family construction, and this is mirrored by the gradual uptick in builder sentiment over the past few months.”

This is great news for home buyers, because it means there are additional options coming to the market, which will provide more choices. The most recent data from NAHB shows that  nationally the inventory of new homes for sale was 321,000 in September, representing a 5.5 months’ supply. This is in line in percentage terms  with what we’re seeing on Cape.

Builders are very aware of buyer sentiment and Indications are that they’re beginning to focus on price ranges where there are more interested buyers.  With both a lower sales price for these homes and low-interest rates, today’s buyers are in a potentially strong position.

If you’re thinking of buying a newer home, we’d be happy to meet with you to discuss opportunities that are in the pipeline, as well as review current inventory,

Just contact us via the comment section or call 508-568-8191. Thanks…


If you’ve been planning to sell your home early in the New Year, now is the time to put it on the market.

Fact is, our homes never look better than they do during the holidays. With company coming, small repairs are made and rooms refreshed for overnight guests.  Clutter is put aside as festive decorations come down from the attic.  Can you think of a more opportune time for potential buyers to see you home and professional photographs taken to be used for marketing?

Buyers, who are looking during the holidays, are definitely serious and respectful of a seller’s holiday commitments. Keep in mind that buyers are also trying to juggle their own responsibilities, plus search for a new home.

Another reason to begin marketing your home now is that most hiring occurs in January and February, when managers receive their new budgets. The Cape is a prime spot of interest for both those hires and transfers, who put a priority on quality of life and work balance.

With many people waiting to list their homes until later in the year, you could be in a very advantageous position with these buyers, if you choose to act now.

Please let us know how we can help.


Finally,

Who you work with really does matters!

Wishing you a happy and safe Veterans Day. Thank you to all who served.

Enjoy your week…

Mari and Hank

Multi-Generational Homes Becoming More Common

Did you know that one in six Americans currently live in a multi-generational household?

Our friends at industry resource KCM and Generations United, report that the number of multi-generational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors shows that 12% of all buyers have a multi-generational household.

The benefits to multi-generational living are significant. According to  a posting from Toll Brothers, ranked the number one home builder worldwide:

“In recent years, there’s been a steady rise in the number of multi-generational homes in America. Homeowners and their families are discovering new ways to get the most out of home with choices that fit the many facets of their lives.”

Their piece explains the top five benefits of multi-generational living. Here is the list, along with excerpts from their article:

1. Shared Expenses

“Maintaining two households is undeniably costlier and more rigorous than sharing the responsibilities of one. By bringing family members and resources together under one roof, families can collectively address their expenses and allocate finances accordingly.”

2. Shared Responsibilities

“Distributing chores and age-appropriate responsibilities among family members is a tremendous way of ensuring that everyone does their part. For younger, more able-bodied members, physical work such as mowing the lawn or moving furniture is a nice trade-off so that the older generation can focus on less physically demanding tasks.”

3. Strengthened Family Bond

“While most families come together on special occasions, multi-generational families have the luxury of seeing each other every day. By living under one roof, these families develop a high level of attachment and closeness.”

4. Ensured Family Safety

“With multiple generations under one roof, a home is rarely ever left unoccupied for long, and living with other family members increases the chances that someone is present to assist elderly family members should they have an accident.”

5. Privacy

“One of the primary trepidations families face when shifting their lifestyle is the fear of losing privacy. With so many heads under one roof, it can feel like there’s no place to turn for solitude. Yet, these floor plans are designed to ensure that every family member can have quiet time… [and] allow for complete separation between the generations within the household.”

A local realtor — like Mari Sennott and Associates — can assist you in identifying homes on Cape that could address your particular requirements for multi-generational living. Please contact us at 508-568-8191 or at msennott@todayrealestate.com. We’d be happy to help.


Looking to update your home before selling?

There are two areas that buyers seem to pay the most attention to: kitchens and bathrooms. Both are potential big ticket items that can impact an offer, if the buyer feels that they’re in need of improvement.

One way to update the kitchen that’s gaining popularity is replacing the microwave over the stove with a hood.

To learn more, check out this article in the most recent edition of Realtor Magazine. 


Finally…

To simplify the home buying process, prioritize your needs.

Enjoy your week…

Mari and Hank