If you're thinking of selling your house, it may be because you've heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let's turn to the data.
Today, there are far more buyers looking for homes than sellers listing their houses. Here are the maps of the latest buyer and seller traffic from the National Association of Realtors (NAR) to help paint the picture of what this looks like:
Notice how much darker the blues are on the left. This shows buyer traffic is strong today. In contrast, the much lighter blues on the right indicate weak or very weak seller traffic. In a nutshell, the demand for homes is significantly greater than what's available to purchase.
You have an incredible advantage when you sell your house under these conditions. Since buyer demand is so high at a time when seller traffic is so low, there's a good chance buyers will be competing for your house.
According to NAR, in February, the average home sold got 4.8 offers. When buyers have to compete with one another like this, they'll do everything they can to make their offer stand out. This could play to your favor and mean you'll see things like waived contingencies, offers over asking price, earnest money deposits, and more. Selling when demand is high and supply is low sets you up for a big win.
If you're also looking to buy a house, you may be tempted to focus more on just the seller traffic map and wonder if it means you'll have trouble finding your next home. But remember this: perspective is key. As Danielle Hale, Chief Economist at realtor.com, says:
"The limited number of homes for sale is a lesson in perspective. This same stat that frustrates would-be homebuyers also means that today's home sellers enjoy more limited competition than last year's home sellers."
If you look at the big picture, the opportunity you have as a seller today is unprecedented. Last year was a hot sellers' market. This year, inventory is even lower, and that means an even bigger opportunity for you. Even though finding your next home in a market with low inventory can be challenging, is that concern worth passing on some of the best conditions sellers have ever seen?
As added peace of mind, remember real estate professionals have been juggling this imbalance of supply and demand for nearly two years, and they know how to help both buyers and sellers find success when they move. A skilled agent can help you capitalize on the great opportunity you have as a seller today and guide you through the buying process until you find the perfect place to call your next home.
If you're ready to move, you have an incredible opportunity in front of you today. Trust the experts. Let's connect so you have expertise on your side that can help you win when you sell and when you buy.
If you're ready to move up, you may be trying to decide whether you want to buy a home that's already on the market or build a new one. And since the supply of homes available for sale today is low, you're willing to consider either avenue. While home builders are doing everything they can to construct more houses and help narrow the supply shortage, they're also facing delays due to factors outside of their control.
Here's the latest on some of the key challenges homebuilders are experiencing today and how they could impact your plans to move up. When you know what's happening in the industry, you can make an informed decision on whether to look for a newly built or an existing home in your home search.
The first hurdle builders are dealing with is the lack of supply of various building materials. According to a recent article from HousingWire:
". . . Nearly everything needed in the homebuilding process is facing some sort of delay and subsequent price increase."
The supply issue isn't just with lumber, even though that's what's covered most in the news. The article explains many other supplies are impacted too, including roofing materials, windows, garage doors, siding, and gypsum (which is used in drywall).
The difficulty in getting these items is dragging out timelines for new homes as builders wait on what they need to finish construction. And since materials are in short supply, even when they do get the product, the principle of supply and demand is driving prices up for those goods. HousingWire explains it like this:
"When supplies are low, charges inevitably go up, . . . Meanwhile, a lack of availability is causing huge delays, meaning builders are struggling to stay on schedule."
The National Association of Home Builders (NAHB) agrees:
"Builders are grappling with supply-chain issues that are extending construction times and increasing costs."
But that's not the only challenge with new home construction today. Builders are also having a hard time finding skilled labor, which means they're short-handed, further dragging out their timelines. Odeta Kushi, Deputy Chief Economist at First American, says this is an ongoing challenge for the industry:
"The skilled labor shortage in the construction industry is not new – it's been an issue for more than a decade now."
But there is good news. The February jobs report shows employment gains in the construction industry. Kushi puts this encouraging news into perspective in the article mentioned above:
"Overall this was a good report, . . . The supply of workers continues to fall short of demand, but the underlying momentum of the labor market recovery is strong, and falling COVID case counts provide further forward momentum."
That means, while finding workers continues to be a challenge for builders, there are signs of positive momentum moving forward.
HousingWire explains how these things can impact move-up buyers today:
"The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Explosive supply and labor costs are forcing long delays. . . ."
So, when you weigh your options and try to decide between building a home or buying an existing one, factor the potential delay in new home construction into your decision. While it doesn't mean you should cross newly built homes off your list, it does mean you should consider your timeline and if you're willing to wait while your home is being constructed.
When planning your next move, understanding the latest market conditions is key to making the best decision possible. To make sure you have all the information you need, let's connect. Together we can make sure you know what's happening in our local market so you can confidently decide what's right for you, your priorities, and your timeline.
It's a well-known fact that the real estate market cools off in the fall and winter and picks up in the spring, but what is really the best season to sell your property? The answer ultimately depends on your situation and location. The reality is each season comes with its own unique advantages and challenges. To help you determine the best season for selling, we'll break down the top advantage and challenge of each season below:
Many people believe spring is the best time to sell your home, but that really depends on where you live. While spring is often the most popular time to shop, some southern states experience intense weather in late spring. Competition is also at its peak. Here are some of the benefits
Statistics show that late June has the highest number of closings, indicating summer is an ideal time to sell. It's also the most popular time to move, especially because school is out. However, extreme heat in some areas of the country coupled with vacation times can drag out the closing process.
Once school starts, there is a noticeable decline in real estate activity, but that doesn't mean fall is a bad time to sell. There are still many buyers on the market that couldn't secure a home in the spring or summer. Selling in late September / or early October has both pros and cons:
December is often considered to be the slowest month for real estate closings. Cold weather means fewer shoppers in most of the country, but competition is probably at its lowest point of the year. If you live in Florida, Arizona, or Southern California, winter is likely a great time to sell.
It's certainly possible to sell your home any time of the year, and so often the right season depends on your property, location, and situation. Your real estate agent is a great resource to help you assess the market and determine the best time to list your home. When you are ready to list your home, let's connect!
The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today's buyers are looking for homes with more space to support their work needs.
As a seller, if you no longer need the extra room you have in your home, rest assured there are buyers who do.
Remote work remains a reality for many Americans. A recent poll from Garter, Inc. shows many organizations have not yet returned their offices:
". . . 66% of organizations are delaying reopening their offices due to new COVID-19 variants."
And it's not just companies that are choosing to remain remote for the time being – workers are seeking more flexibility. According to research from PricewaterhouseCoopers, nearly one-fifth of employees want to be fully remote in the future. The study also finds that many people are leaving jobs to seek out remote work opportunities:
"Among employees looking for new jobs, almost one in ten say it's because they moved away from the office while working remotely and don't want to go back on-site."
That's leading today's buyers to prioritize finding homes with more space so they can comfortably work from home. The 2021 Home Design Trends Survey from the American Institute of Architects finds that 69% of surveyed individuals still want at least one office at home. However, it also shows that more people are looking for multiple spaces in their home for remote work and virtual meetings (see graph below):
If your house has extra space that you no longer need, buyers are interested, and now may be the perfect time to sell.
Your trusted real estate advisor can help you highlight many of the most sought-after features in your listing, including home offices. On the other hand, if you have extra room without a purpose, consider staging it as an area where remote work can happen. Your agent can help you with this as well by evaluating and preparing your space for potential buyers. They'll make recommendations for how to stage the room, where to draw the eye, and what other sellers are doing to make their houses stand out.
With the continued rise in remote work, more buyers are looking for homes that can support multiple home offices. If you have extra room you're no longer using, consider selling. Let's connect today to discuss the unique features in your house and how you can capitalize on any extra space to appeal to today's buyers.
Whether it's a wraparound, screened-in, a loggia or a veranda, porch designs are endless. A porch can be a place to make a first impression on guests, a location for your morning coffee, a destination for sunset cocktails or even a place to enjoy an evening fire. Read on to learn how to create a well-designed front porch that will be sure to wow guests and become your own luxurious oasis.
Fireplace Focal Point
Incorporating a stone fireplace into your front porch design creates both a stunning visual focal point and is a destination to warm up and unwind. Both practical and beautiful, it can be used year-round and will impress anyone who visits your home. Accentuating the space with ambient lighting, comfortable seating and a cozy rug underneath will make this the most used area of the house.
Indoor-Outdoor Inspired Living
A porch isn't solely a place for guests to enter your home, but it can be an additional living space. Creating an outdoor living room on your porch means bringing in a beautiful rug, sofa and chairs, and filling the area with abundant blooming flowers and lush greenery. Spend your evenings lounging with a crisp beverage while watching the sunset or welcome passing neighbors for an impromptu chat.
Private Sitting Space
Since a porch is typically in the front of the house, it doesn't offer the same level of privacy a backyard does. However, you can create a private sitting area with a wall of wall-placed shrubs to create a natural privacy screen without interrupting the existing porch design.
Front Door Technology
Equipping your front porch with the latest home technology trends will give you insight into who's coming and going, even when you're not around. A video doorbell gives you the luxury of seeing who is at your front door, detects motion and provides two-way audio—all from the convenience of your smartphone. Having a keyless entry keypad on your front door gives you the option of distributing the code for anyone who may need easy access, whether it's a dog walker, cleaning service, etc.
Delivery Drop-Off Station
In a world where nearly everything is available with a few taps on a smartphone, having packages pile up on the front steps can be unsightly. A valet closet, a closet designed to drop off packages, dry cleaning, food delivery, groceries or any other items delivered by delivery personnel, can keep parcels secure until you're able to retrieve them. In addition, installing a keyless entry code on the door will allow delivery personnel to safely leave your items if you're unavailable to receive them directly.
Whether you're building a space to rest or adding additional levels of convenience, your front porch is responsible for your home's first impression.
While no one ever wants to imagine their home filling with water, for many areas of the country, flooding is a scary reality for many homeowners. Whether a natural disaster is on the way or you simply want to be aware of how to protect your home when flash flood warnings sound, we have five steps to preparing your home for flooding.
Clear gutters. If flooding is predicted in your area, help your home out by clearing all gutters, downspouts and drains so your home can battle the rising water.
Elevate outdoor electric units. Outdoor generators, fuel tanks and air-conditioning units should not be left on ground level outdoors. Elevate them as best you can and securely anchor them so they don't float away if flooding occurs.
Power down. Shut off your electricity via your breaker panel to stay safe.
Move items upstairs. When flooding is likely, take charge by moving items upstairs and further from the flood zone. Furniture, rugs, electronics and important paperwork should all be moved to the highest ground possible. Make copies of important paperwork and store them digitally so you don't lose them.
Raise appliances. While you likely can't lug your refrigerator upstairs, you can elevate your appliances on concrete blocks to minimize damage if only a few inches of water floods in.
Vacations may mean family fun and lasting memories, but between travel and cleaning, coming home from a vacation can make you more tired than before you left. After some much-needed time off, no one wants to spend days catching up on dirty laundry. Thankfully, a little planning before and during your vacation can make all the difference when you come home.
Keep a Laundry Bag in Your Suitcase
Avoid the need to wash clothes unnecessarily by keeping a laundry bag in your suitcase. This will ensure you can easily sort through dirty items during your trip, allowing you to keep your hotel space clean while preventing dirty and clean clothes from mixing together. Going on a beach or waterpark trip? Purchase a waterproof bag to ensure that your soggy clothes don't leak on the rest of your items.
Start a Load of Laundry Right When You Come Home
After a long trip, it can be tempting to relax as soon as you arrive home. Resist this urge and immediately start a load of laundry. This will ensure that you're not bogged down by a huge to-do list in the form of dirty clothes, and if you pack your dirty clothes well, starting a load quickly is a simple task that will have a big impact.
Families Designate One Suitcase for Dirty Clothes
If you're traveling with a few family members, particularly if your party includes children, dedicate one suitcase at the end of your trip to exclusively put all the dirty clothes into. Once you arrive at home, you can have each family member put their respective suitcases and clean items away, while the suitcase with dirty items is placed in your laundry room. This way, you're not going to each family member requesting their dirty items and a load of laundry can be done upon arrival back home.
Wash Swimsuits First
Wet swimwear can get stale or sour if they're not addressed quickly. When you arrive home, be sure to prioritize any wet or soiled items in the first load. If you must leave any loads for the next day, you've already tackled the items that should be taken care of quickly. If you brought along any beach towels, be sure to include these in the wash with your swimsuits.
Wash Clothes as You Go
If you are taking an extended trip, take advantage of your hotel or rental home's laundry amenities. This can prevent the need for loads of laundry once you've arrived at home, and can also help you pack lighter, which could save on luggage costs.
Keep the summertime fun going strong after the July 4th holiday by checking out the 64th Annual Beaufort Water Festival. This festival spans 10 days is held in scenic Beaufort, South Carolina. Beaufort's beautiful Waterfront Park is the hub of the festival. Most of the events that make up the festival will be either in the Waterfront Park, or on the river itself.
The Beaufort Water Festival begins on Friday, July 12th. The opening ceremonies will feature live music by The Parris Island Marine Band and fireworks. The Festival Arts & Crafts Market will also open on this Friday. The Arts and Crafts Market will be open for the duration of the festival.
Throughout the week, the festival will host a variety of events. Sporting events include a bocce ball tournament and a badminton tournament. In addition to nightly concerts and The Commodore's Ball, the festival will also host a Teen Dance and a Lowcountry Supper. Other entertainment includes a Ski Show and Shrimp Boat Tours. The festival culminates with the Blessing of the Fleet and Parade of Boats on Sunday, July 21st.
The Beaufort Water Festival celebrates the spirit of community that makes Beaufort one of the best places to live in the Southeast. Whether you're looking just to visit, or considering a stay that lasts a bit longer, the Beaufort Water Festival is a great way to immerse yourself in the heart and soul of this quintessential Lowcountry town.
The days are growing longer and the jasmine is blooming. Nature is announcing the arrival of summer in the Lowcountry. In Bluffton, South Carolina, we welcome summer with the Bluffton Village Festival. The Bluffton Village Festival has been going strong for 41 years and is formerly known as Mayfest. But whatever you choose to call it, this local celebration is fun for the whole family, including four-legged family members.
The Bluffton Village Festival features over 200 food vendors and artists. This year, the festival will be on May 11, 2019 from 10am to 5pm in Old Town Bluffton. The event is organized by the Rotary Club of Bluffton. In addition to free admission to the festival for all, free parking and free shuttle service are also available.[caption id="attachment_2218" align="alignnone" width="640"] Courtesy Bluffton Village Festival[/caption] [caption id="attachment_2220" align="alignnone" width="640"] Courtesy Bluffton Village Festival[/caption]
The Bluffton Village Festival includes longtime favorite events such as the Pie-Eating Contest and the Ugliest Dog Competition. A recent, but no less popular addition to the festival is the Kids' Donut Eating Contest. Local bakery The Sugaree provides the tasty treats for both the Pie-Eating and Donut-Eating contests.
If you're a fan of that Lowcountry staple, shrimp salad, then you'll want to try one of the festival's shrimp salad sandwiches. These sandwiches are so famous that some people attend the festival from hundreds of miles away just to get their hands on one. The shrimp salad sandwiches are made and sold by the ladies of The Church of the Cross. Even though these ladies make more and more sandwiches to keep up with the growing demand, be warned. These sandwiches usually sell out quickly and early.
Local musicians are playing all day at venues all over The Bluffton Village Festival, including The Chiggers, Lyn Avenue, and Snowbird Mike. Students from The Bluffton School of Dance are also performing.
The Bluffton Village Festival has no shortage of shopping opportunities from a variety of vendors and artists. This year's featured artist is Amos Hummell, who has been connected to Bluffton for over 40 years and is an active supporter of arts in education.
The Bluffton Village Festival brings the town of Bluffton together to celebrate. This celebration has a laid-back attitude that embodies the community and quirkiness of Bluffton itself. The Bluffton Village Festival is a a great way to kick off summer in the Lowcountry.
"Looking at these old graves makes me think how generation after generation of the same family are all gathered together. And that makes me think about how life goes on, but not about dying."
Midnight in the Garden of Good and Evil
One of Savannah's must-see places isn't in the Historic District, or even in Downtown Savannah. Bonaventure Cemetery is located in the community of Thunderbolt, between Savannah and Wilmington Island. Bonaventure Cemetery first gained publicity on a worldwide scale when it was featured in John Berendt's Midnight in the Garden of Good and Evil. But the fact is, Bonaventure has been a part of the fabric of Savannah for as long as anyone can remember.
Bonaventure Cemetery was originally a private commercial enterprise and was named "Evergreen Cemetery." The cemetery was first established in 1846 on the original Bonaventure Plantation. The cemetery first started out as 70 acres and was created as a result of Savannah's other cemeteries approaching capacity. The Evergreen Cemetery was patterned after the Victorian design of cemeteries, with curving paths, grassy lots, and plenty of shade trees. Evergreen Cemetery was frequented by those who sought solace during times of bereavement. But the cemetery also served as a place for families to meet and gather for picnics.
In 1907, the City of Savannah purchased Evergreen Cemetery, making it the 4th of the 5 cemeteries that the city owns. The City of Savannah had the cemetery redesigned for more efficient maintenance and for more gravesite spaces. Bonaventure Cemetery has also expanded to 103 acres since its purchase.
Part of what makes Bonaventure Cemetery so special is the natural beauty of the space that it inhabits and that surrounds it. Located on a bluff overlooking the Bull River, Bonaventure Cemetery is home to majestic live oaks draped with Spanish moss and azalea bushes that bloom with riotous color in early spring.
Trails wind through Bonaventure Cemetery and along the bluff, and benches and seating areas are scattered throughout the cemetery. An entire day can easily be devoted to strolling among the graves and admiring the monuments, some of which are quite ornate and impressive. Bonaventure Cemetery is open year-round, and offers special after-dark tours during the Halloween season. To truly appreciate Savannah's past and present, visit Bonaventure Cemetery.
330 Bonaventure Rd
Thunderbolt, GA 31404
The Blue Heron Bluff neighborhood is designed to fully embrace the beauty and low country lifestyle of living on the beautiful 100 Mile Coast. The private community boasts stunning views of both the Intercoastal Waterway and the marshlands, and these can be seen from every lot. The neighborhood consists of 12 single family lots that will feature low country architecture, and welcoming porches--perfect to enjoy the sunrise and sunsets of each day.
The single street brick paver neighborhood will be gated and will feature the future amenities of a clubhouse and pool. Elegance, grace, and beauty all perfectly describe this neighborhood. It seems nearly impossible to be able to live on the water in a custom home neighborhood where no lot has a bad view. But Blue Heron Bluff is making this possible.
The neighborhood is located on Islands Expressway and is within 5 minutes to the Historic District, 5 minutes to the Truman Parkway, 15 minutes to Tybee Island. Neighboring communities include Emerald Pointe, Causton Bluff, and The Bluff. Living in Blue Heron Bluff gives you the luxury of living on the water while still allowing you to be anywhere in Savannah within a matter of minutes.
In Savannah, it's no secret how much we love dogs. In the past, we have mentioned several places in Historic Downtown Savannah where our four-legged friends are welcome. But if you're looking to get outside of town and have a romp with your pooch, check out Fort Pulaski National Monument. It is the only dog friendly beach in Savannah accessible by car.
Fort Pulaski is located 15 miles from Savannah, down Highway 80 East. Fort Pulaski has many trails surrounding it that make it ideal for walking your dog. Several hiking trails surround Fort Pulaski. These trails include the Lighthouse Overlook Trail, the Historic Dike System, and McQueens Island. All of these trails are easily walkable, and your dog is welcome so long as he/she is leashed.
The McQueens Island Rails to Trails follows the old Tybee rail line, which once spanned the distance between Savannah and Tybee Island. This is a gravel-packed trail, but a pleasant walk nonetheless with plenty of expansive view of the Savannah River. Both the Lighthouse Overlook Trail and the North Pier Trail lead through the scenic wooded areas surrounding the fort. The Historic Dike System is a two mile trail that circles around Fort Pulaski and offer stunning views of the historic Cockspur Lighthouse.
Access to the Savannah River is also available via Fort Pulaski, and trails will lead back to a small sandy embankment along the river — perfect for letting your pooch cool off for a minute. These trails are packed with native flora and fauna, which are sure to delight.
Fort Pulaski is open daily from 9am to 5pm and is closed on major holidays. All vehicles must be over Cockspur Island Bridge by closing time. Daily passes into the park are $7 for adults, and annual passes are a great value at just $30.