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February
10

Want Top Dollar for Your House? Now's the Time To List It.

Want Top Dollar for Your House? Now's the Time To List It. | MyKCM

When you're selling any item, you usually want to sell it for the greatest profit possible. That happens when there's a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you're thinking of selling your house this year, here are two reasons why now's the time to list.

1. Demand Is Very Strong This Winter

A recent article in Inman News explains:

"Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . 'Home shopping season appears to already be in full swing!'"

And they aren't the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The ShowingTime Showing Index tracks the average number of monthly buyer showings on active residential properties, which is a highly reliable leading indicator of current and future trends for buyer demand. The latest index reveals this December was the most active December in five years (see graph below):

Want Top Dollar for Your House? Now's the Time To List It. | MyKCM

As the data indicates, buyers are very active this winter. Last December saw even more showings than December of 2020, which was already a stronger-than-usual winter. And remember – you want to sell something when there's a strong demand for that item. That time is now.

2. Housing Supply Is Extremely Low

Each month, realtor.com releases data on the number of active residential real estate listings (listings currently for sale). Their most recent report reveals the latest monthly number is the lowest we've seen in any January since 2017 (see graph below):

Want Top Dollar for Your House? Now's the Time To List It. | MyKCM

And don't forget, the best time to sell an item is when there's a limited supply of it available. This graph clearly shows how extremely low housing supply is today.

Even Though Supply Is at a Historic Low, Home Sales Are at a 15-Year High

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), existing-home sales totaled 6.12 million in 2021 – the highest annual level since 2006. This means the market is hot and homeowners are in a great place to sell now while sales are so strong.

NAR also reports available listings by calculating the current months' supply of inventory. They explain:

"Months' supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace."

The current 1.8-months' supply is the lowest ever reported. Here are the December numbers over the last five years (see graph below):

Want Top Dollar for Your House? Now's the Time To List It. | MyKCM

The ratio of buyers to sellers favors homeowners right now to a greater degree than at any other time in history. Buyer demand is high, and supply is low. That gives sellers like you an incredible opportunity.

Bottom Line

If you agree the best time to sell anything is when demand is high and supply is low, let's connect to begin discussing the process of listing your house today.

February
4

How Remote Work Impacts Your Home Search [INFOGRAPHIC]

How Remote Work Impacts Your Home Search [INFOGRAPHIC] | MyKCM

Some Highlights

October
30

Housing Challenge or Housing Opportunity? It Depends.

Housing Challenge or Housing Opportunity? It Depends. | MyKCM

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we've experienced historically.

There are many reasons for the limited number of homes on the market, but as you can see in the graph below, we're well below where we've been for most of the past 10 years. Today, across the country, there is only a 2.4-month supply of homes available for sale.Housing Challenge or Housing Opportunity? It Depends. | MyKCM

The Opportunity 

This lack of homes for sale is creating a challenge for many buyers who are growing frustrated in their search. On the other hand, this is a huge opportunity for sellers as low supply is driving up home values. According to CoreLogic, the average home has appreciated by more than $50,000 over the past year. And for many homeowners, that's opening new doors as they re-think their needs and use their equity to move up or downsize.

According to Dr. Frank Nothaft, Chief Economist at CoreLogic:

"The average homeowner with a mortgage has more than $200,000 in home equity as of mid-2021."

Today, many sellers are taking advantage of low interest rates and the equity they have in their homes to make a move.

Bottom Line

The biggest challenge in real estate is the lack of homes for sale, but this challenge is also an opportunity for sellers. If you're thinking about selling your house, let's connect to start the process.

October
27

7 Critical Steps to Safeguard your Business and Help Avoid Potentially Devastating Financial Loss From Occurring to Clients

Heightened Discipline for Wire Fraud - North Carolina Bar Association

About two years ago, a respected industry attorney and cybercrime expert released a video, giving real estate professionals the one "100% surefire way" to protect your computer against cybercrime:

  • Close all programs.
  • Power off and unplug said computer.
  • Carry said computer to your backyard, dig a hole and pitch computer into the hole.
  • Follow by pouring gasoline on the computer and setting it on fire.

"This," the lawyer quipped, "is how you secure your computer 100% from cybercrime."

Of course there is no 100% surefire way to eliminate the risk of cybercrime.

In fact, 2020 was a record year for cybercrime with nearly $4.2 billion in reported losses, up from 2019's $3.5 billion, according to the FBI's 2020 Internet Crime Report.

The pandemic has certainly played into the hands of the cybercriminals with more people working from home and systems going remote. One-third of all cybercrime over the last five years occurred in 2020, including $213 million in real estate-related crime losses.

Why Hackers Love Targeting Real Estate Professionals

Real estate fraud is particularly pervasive for a number of reasons: Cybercriminals love targeting small- to mid-sized companies, such as brokerages. Real estate agents handle large sums of money; work off multiple devices; deal with sensitive financial data; and interact with multiple players during the transaction, including buyers, sellers, agents, escrow agents, lawyers, mortgage brokers and banks — all of which makes them the perfect target.

The nature of our industry's remote work makes agents and transaction coordinators particularly vulnerable.

Moreover, the average real estate customer doesn't experience a real estate transaction frequently and, therefore, can be more susceptible to fraud.

So what can real estate professionals do to protect themselves and their customers? They can help to prevent cybercrime before it occurs and results in devastating consequences. Here's how.

How Real Estate Agents Can Help Prevent Wire Fraud

In 2020, NAR data revealed that 13,638 people fell prey to real estate wire fraud, representing a 17% increase over 2019.

Even more alarming, title insurance professionals reported cybercriminals attempted to trick employees into wiring funds to a fraudulent account in one-third of all real estate and mortgage transactions, according to ALTA's 2021 Wire Fraud and Cyber Crime Survey. Fortunately, the thieves were only successful in a little over 8% of these attempts, thanks to proper training and education.

Typically, a cybercriminal targeting a real estate transaction will assume the identity of the title, real estate agent or closing attorney. Just before the deal closes, they will forge an email, which is then sent to the unwitting buyer with new wire instructions. Before anyone has detected what happened, the cybercriminal diverts the buyer's funds into their bank account.

These emails can look quite convincing and indeed appear identical to those sent from one of the trusted players in the transaction. However, real estate agents can take action to help prevent this type of wire fraud from occurring:

STEP 1 - Send Earnest Money Digitally

Emailing sensitive data like banking accounts and social security numbers can leave clients vulnerable to identity theft and loss of large sums of money. However, there's an easier, more convenient alternative to mailing checks and wire transfers, both of which can result in fraud.

Earnnest provides another option to buyers who opt to pay their deposit directly to the escrow holder via a digital transfer using dotloop's safe, secure Earnnest integration. Unlike the manual means of depositing a paper check or a wire transfer, Earnnest processes the funds using a bank-level encrypted transfer, the same high-level security implemented by banks.

Here are the three key steps to how an Earnnest digital transfer works:

1. SELECT ESCROW HOLDER

The real estate agent selects their escrow holder with Earnnest. If the escrow holder is not in Earnnest's network, the agent can invite them to enroll.

2. REQUEST EARNEST MONEY

When it's time for the buyer to pay their earnest money, the agent sends the client a request for earnest money via dotloop, which auto-completes the buyer information to kick off the process.

3. COMPLETE THE DIGITAL TRANSFER

The buyer receives the request, pays the earnest deposit through Earnnest digitally, and the agent and buyer receive a payment receipt email when it's complete.

Unlike wire transfers, digital transfers through Earnnest allow agents and buyers to request and pay earnest deposits from anywhere while protecting their sensitive information. The system automates receipts, provides payment tracking and verifies funds, ensuring a swift delivery and speedy transaction process.

Earnnest takes several steps to ensure the security of all parties. First, the portal fully verifies the identification of the buyer and verifies funds. Also, Earnnest never stores banking information, so the buyer's sensitive data is never visible to anyone other than the bank and the escrow office where it's sent.

The entire process occurs within a matter of seconds, and it's free to real estate agents, costing the buyer only $15.

STEP 2 - Confirm by Phone

Most agents know this, but it bears repeating: Always advise clients to confirm wire instructions by phone using the contact information shared verbally, not via email. Hackers can spoof signature blocks in emails so convincingly, there have been some cases in which clients have called fictitious numbers to verify the wiring instructions only to unwittingly surrender their sensitive bank data to the hackers on the other line.

The best approach is to give the client the phone number of the escrow or title officer at the beginning of the transaction and verbally communicate any changes to the points of contact before any funds are transferred.

Agents should warn all parties involved in a transaction to remain suspicious and vigilant regarding any information exchanged via email, and clearly post these warnings in listing agreements and other visible means of communication.

STEP 3 - Use Secure Wi-Fi

Always use a secure Wi-Fi connection — not a public, unsecured Wi-Fi connection that hackers can easily breach. While it can be tempting to do business over a cup of coffee at the local coffee shop, Wi-Fi connections in public places are favorite targets of hackers.

STEP 4 - Don't Overshare on Social Media

Cybercriminals are notorious for gleaning key information from agents' social media accounts that they, in turn, use to forge a convincing email or identify their next potential victim.

As Chris DeRosa, NAR's member information and eCommerce product lead, points out, "Realtors® are very public people and social media makes it easy for hackers to learn about you. With the right logos and branding, information on listings and clients, photos and domain names that are very close [to your real one], someone could easily convince the target user that the communication and request is legitimate."

Be conscious of what you post on your social media channels and ask yourself, "Is this information a hacker could use to forge an email in my name?"

STEP 5 - Practice Safe Email Habits

Agents and clients can further protect their emails by enabling two factor authentication and, if using Gmail, clicking on the Details link at the bottom of the page in the inbox to show any recent activity, such as from a foreign country. If your email provider offers alerts of any unusual activity, make sure to set these notifications to "on."

As a general rule, always think before clicking on a link. Agents should particularly pay attention to referral emails, which might look like they're from a colleague or a client in another state.

Avoid sending personal information in emails or texts, such as social security numbers and bank account numbers, and regularly purge unwanted email.

Most importantly, avoid and caution clients to avoid clicking on any embedded links and attachments within emails if not from a verbally confirmed, valid source. Hackers often use an infected link or attachment to install malware that can devastate personal finances or wipe out a business's entire operation.

STEP 6 - Update Computer Security Often

It's important to ensure your computer is protected with the latest security updates. On Macs, updates can be installed using the Mac App Store or by choosing System Preferences and then Software Update from the Apple menu. On Windows 10, updates can be found in Settings. Select Update & Security and then Check for Updates.

You'll also want to install and frequently update virus protection as well as make sure your system firewall is enabled.

STEP 7 - Practice Good Password Hygiene

Keeping up with passwords can be a royal pain with the number of apps and devices the average user interacts with daily. However, it's critical that real estate professionals make sure they're not using passwords that can be easily hacked. Avoid using obvious password phrases and the same password for all your systems. Some experts recommend using long phrases of 20 characters or more. Also, consider using an encrypted password vault that stores and encrypts your passwords.

If You Suspect Fraud, Take the Following Steps:

  • Notify the FBI at https://www.ic3.gov/. There's a critical 72 hour window after a breach, in which victims need to notify the authorities to optimize their chances of recovering diverted funds.
  • Notify all parties involved in the transaction to stop any further spread of fraudulent activity.
  • Change all usernames and passwords.
  • Review your insurance policy and contact your insurance company immediately.

Blog post sourced from dotloop.

October
13

What's Causing Today's Competitive Real Estate Market? [INFOGRAPHIC]

What's Causing Today's Competitive Real Estate Market? [INFOGRAPHIC] | MyKCM

Some Highlights

August
29

6 Ways to Transition Decor From Summer to Fall

If your home is full of breezy linens, light colors and fresh scents, it's time to make a few tweaks and replace these items with their autumn-inspired accessories. Fall interiors are all about rich fabrics, deep colors and bringing natural elements indoors. However, you don't need to do a complete design overhaul to have a fall-friendly space. Instead, find out the tweaks you can make to transition your summer decor to an autumn scheme seamlessly.

Layer With Texture and Pattern
As you pack away breezy summer fabrics make room for fall's rich counterparts. Updating your throw blankets and pillows is an easy way to make a space feel ready for the chillier months ahead. Throws and pillows in heavy, textured fabrics, like wool, cashmere, velvet, faux fur or plaid will invite you to stay for a while. Casually drape a throw blanket across the sofa or pile them in a basket within reach. 

Incorporate Rich Hues
Rich, warm tones and jewel-hued colors are a perfect autumn color palette. Whether it's olive green, burgundy or indigo, incorporating these deeper colors as accents can lend a fall vibe. Alternatively, you can consider a neutral color palette of warm cream, gray and taupe to create a calm, cozy space.

Bring in Natural Elements
If you spend most of your summer outdoors, the idea of being inside for the months ahead can feel stifling. Ease the transition by bringing natural elements indoors. Incorporate in-season flower bouquets, such as hydrangeas, spray roses, mums; extra greenery, like seeded eucalyptus, which has a more organic look and feel; or branches to fill centerpiece vases.

Update the Lighting
As you plan to spend more time inside, take inventory of your existing lighting. With more evenings indoors, you may need additional task lighting, such as floor and table lamps. You can also update the lampshades on your scones and table lamps in fall-inspired prints and colors, such as plaid, animal print or in richer hues.

Upgrade Your Bedding
As the temperatures dip, upgrade your sheets to a set of Egyptian cotton, silk or percale, and add an extra woven blanket layer. Take advantage of the crisp cool nights by cracking open a window, knowing you will have an extra layer of bedding to keep you cozy.

Remember the Details
As you prepare to spend more time inside your home, pay attention to the details that give your home an extra special touch. Infusing your home with fall scents, updating your coffee table books, refreshing your picture frames with summer memories and replacing the bathroom hand soaps will go a long way to creating a cozy fall atmosphere.

As the autumn season approaches, a few decor tweaks will help create an inviting and cozy fall atmosphere that will make you and your guests feel right at home. 

July
4

April
22

The Pros and Cons of Heated Flooring

While you might be considering adding heated flooring to your new home, there are a lot of questions to ask before you put your money into this luxury feature. If you're looking for another level of comfort in your home, it's a great option—but it does come with a hefty price tag. Here's what you need to know:

Pros 

  • Durable and reliable. This method of heating lasts longer than a regular home furnace—with proper care it can last up to 35 years.
  • Comfortable. There's no better feeling than a warm floor on a cold day, especially when you first get out of the shower. No one enjoys stepping on cold tile, so bathrooms are particularly popular options for heated flooring.
  • Saves you money in the long term. Since radiant floor heating warms from the floor up, you'll be able to set your thermostat at a lower temperature to feel just as warm.
  • Quiet. Because it does not require a blower, there is no extra noise produced when running it.
  • Distributes heat evenly and consistently throughout each room.
  • Better for allergy sufferers, since traditional central air heating pushes dust, dirt and pollen through the vents and around your home.
  • Customizable. Electric floor heating allows for the option of only having heated flooring in certain rooms—so you can customize where you want it.
  • Hidden, so your home has more space and less unattractive radiators.
  • Versatile. Can be installed under any flooring.
  • Profitable. Increases the value of your home.

Cons

  • Costly. Installation will cost more than replacing a furnace, and hydronic systems are more expensive than electric.
  • Not ideal for older homes as you will have to tear out existing flooring in order to install them. Wait until it's time for a remodel before considering it.
  • Repairs are costly. Because the system is under the floor, this also means repairs to the system are more costly as well. Since heating elements are out of sight, it can be hard to find the problem area.
  • Slower to warm up the house than traditional heating. Especially true for water heating, which can take a few hours to circulate enough hot water to warm the home (but since they retain heat well, this allows for use in off peak hours, saving your utility bills).
March
29

How to Fake a Clean Home in 15 Minutes

We've all been there: guests are scheduled to arrive in 15 minutes, but you got caught up, and the house is still a mess. Here are seven ways to fake that clean home, fast:

All hands on deck. If you're lucky enough to have family members or roommates around, ask them to pitch in. Divvy up rooms to declutter and tidy. If you don't have any helping hands, you'll just have to continue to the next steps, solo.

Focus on trafficked areas. Since time is short, make sure to focus on rooms your guests will frequent, like the living room, kitchen and bathroom. The entryway is also important, as it's the first thing your guests will see, so hang the jackets, straighten those shoes and stash that mail stack.

Freshen air. As you begin to clean, throw open the windows to let fresh air in. Too cold for open windows? Light a mildly scented candle or spray odor neutralizer.

Declutter. Run through your high traffic areas and remove clutter. Piles of mail, shoes on the floor, blankets unfolded and errant clothes all need to be stashed. If you don't have time to put things where they belong, do a tornado sweep with a laundry basket, nabbing all out-of-place items to rehome when you have more time. Simply stash your full basket in a hidden area, like a closet or laundry room.

Tidy. Now that the clutter is gone, tidy tables and counters to make your space look open and clean. Stack those magazines in an orderly pile, arrange the remotes, put away those drying dishes and take out the trash.

Wipe down. Head to the kitchen and bathroom with a rag and disinfectant and wipe down counters, mirrors and toilets that your guests might encounter.

Vacuum. Now that your surfaces are fully clean, run a vacuum over the floors (and furniture!) to pick up pet hair and dirt. Nothing says "clean home" like vacuum lines on the carpet, so fake it until you make it.

March
25

Buyer & Seller Perks in Today's Housing Market

Buyer & Seller Perks in Today's Housing Market | MyKCM

Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you're thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season.

The Biggest Perk for Buyers: Low Mortgage Rates

 Today's most compelling buyer incentive is low mortgage interest rates. The 30-year fixed-rate is now averaging just over 3%. While that's slightly higher than the record-lows from 2020 and earlier this year, it's still way lower than historic norms, making purchasing a home an ongoing perk for hopeful buyers (See graph below):

Buyer & Seller Perks in Today's Housing Market | MyKCM

This is a huge advantage for buyers and helps to make owning a home attainable for more households – and there's good reason to strive for homeownership. The latest Homeowner Equity Report from CoreLogic shows how homeowners saw major gains in their net worth last year, all thanks to owning a home. Frank Martell, President and CEO of CoreLogic, explains:

"Positive factors like record-low interest rates and a booming housing market encouraged many families to enter homeownership. This growing bank of personal wealth that homeownership affords was noticed by many but in particular for first-time buyers who want a piece of the cake. As a result, we may see more of those currently renting start to enter the market in the near future."

Low mortgage rates are a plus for buyers right now, but experts forecast we'll see them continue to rise as the year goes on. If you're ready to purchase a home, it's wise to get started on the process soon so you can secure today's comparatively low rate.

The Biggest Perk for Sellers: Low Inventory

Today, there are simply not enough houses on the market for the number of buyers looking to purchase them, and it's creating a serious sellers' market. According to Danielle Hale, Chief Economist at realtor.com:

"Total active inventory continues to decline, dropping 50 percent. With buyers active in the market and sellers still slow to put homes up for sale, homes are selling quickly and the total number actively available for sale at any point in time continues to decline." (See map below):

Buyer & Seller Perks in Today's Housing Market | MyKCMThe lack of houses for sale continues to challenge the market, and with low mortgage rates fueling buyer demand, homes are hard for buyers to find today. According to the latest Realtors Confidence Index Survey by the National Association of Realtors (NAR), the average house is now receiving 4.1 offers and is on the market for only 20 days.

Buyers are clearly eager to purchase, and because of the shortage of inventory available, they're often entering bidding wars. This is one of the factors keeping home prices strong and giving sellers leverage in the negotiation process.

Homeowners who are in a position to sell shouldn't wait to make their move. There's a light at the end of the tunnel for today's inventory shortage, so listing this spring will get your house on the market when conditions are most favorable. With low inventory and high buyer demand, homeowners can potentially earn a greater profit on their houses and sell them quickly in the fast-paced spring market.

Bottom Line

Whether you're thinking about buying or selling a home, there are major perks available in today's housing market. Let's connect today to discuss how these favorable conditions play to your advantage in our local area.

February
3

Click here to view our January Dataw Island Newsletter

February
3

Click here to see our January Harbor Island Newsletter

February
2

Click Here to read our January Newsletter for an overview of the Market on Fripp Island

February
1

Berkshire Hathaway HomeServices Bay Street Realty Group and Berkshire Hathaway HomeServices Cora Bett Thomas Realty Add Marjory Mitchell to the Team as Realtor®

Marjory Mitchell.jpg

BEAUFORT, SC – Berkshire Hathaway HomeServices Bay Street Realty Group recently welcomed Realtor® Marjory McMillan Mitchell as a new agent. In this role, Mitchell will provide guidance and assist sellers and buyers in the process of marketing and/or purchasing property for the right price under the best terms.

Although new to real estate, Mitchell is no stranger to the Low Country. Having lived on Fripp Island for most of her life, she's an expert and loves every aspect of life on the coast. 

A salesperson at heart, she has over 31 years experience working as a Military Sales Representative with The Jim Terry Group, selling military souvenir items to Army and Air Force Exchanges in the Southeast; as well as selling to the Navy Exchanges worldwide. 

She also enjoys volunteering her services to the Bft area with her 31 yrs with The Beaufort Charities organization. We are lucky to have her join our team of real estate experts.

November
24

It's the most wonderful time of the year! Our hearts are filled with so much thanks and even more giving. At Berkshire Hathaway HomeServices Bay Street Realty Group and Berkshire Hathaway HomeServices Cora Bett Thomas Realty, this season of giving always reminds us how thankful we are for the communities we are lucky enough to serve all year long. 

This year has proven to be difficult for everyone — but one silver lining has been the immense compassion and generosity that so many people have shown. Our agents' giving hearts have put together several philanthropic efforts throughout the lowcountry. 

Our Perry Street Office in Downtown Savannah, has teamed up with Safe Shelter and Savannah Area Board of Realtors to Adopt a Family this holiday season. The coats, clothes, purses, jewelry, and toys have already started filling up our office; and this sight couldn't make us happier. Since 1979, SAFE Shelter has been Savannah's only shelter dedicated to victims of intimate partner violence and their underage children. Their "Adopt a Family" program helps spread the joy of the holiday season to those that may not have otherwise been able to enjoy it! 

In Beaufort, we have partnered with HELP of Beaufort and organized a holiday toy drive! What says Christmas more than a child's smiling face when they receive a new toy from Santa? Our agents are collecting and donating new, unwrapped toys for our area's children in need. These toys will go to kids aged newborn to 16 and will be handed out by HELP of Beaufort. Since the early 70's, they have been striving to build healthy communities by providing education, a safety net, and creating opportunities for those most vulnerable.

Last but certainly not least, our Skidaway Office has organized donations of snacks and other daily needed items for The Landings heroic first responders. As many of us know, they apply for grants that cover their big ticket items (like gear and equipment), but that doesn't leave room for the day to day. So our agents are coming together to donate snacks, goods, and monetary donations for these local heroes. 

There's no better way to close out 2020, than by giving back in as many ways as we can. The lowcountry is a special place to call home, most especially because of the people who live here and their charitable hearts. We are proud to be a part of it! Interested in getting involved or learning more about any of our efforts? Please give our Georgia office 912-233-6000 or South Carolina office at 843-301-0013.

November
28

Gratitude: Why We are Thankful to Call Cora Bett Thomas Realty Home

Gratitude is an emotion of the heart. As Thanksgiving draws near, we are all reminded to stop and give thanks...  Whether it's our health, our family and friends, or our job.

Our agents say, "We are thankful Cora Bett Thomas Realty is our home" and here's why. Sandra Sandling says, "I'm thankful for my coworkers. They feel more like family. A work culture that celebrates success and the unique strengths of each agent. I am thankful that we love dogs and celebrates our four legged family like no other."

"My Career in Real Estate has been exciting, rewarding, frustrating and also liberating," says Scotti Moore. "I am given the opportunity, everyday, to strive towards helping people accomplish their goals.  Cora Bett Thomas Realty & Associates has made that opportunity more obtainable. Each agent has the tools & resources needed for success. they need to be successful available to them. From mentoring, marketing, meetings solely meant for learning and leadership and the chance to be with people working just as hard as you are. I am thankful I made the move to Cora Bett Thomas Realty, I just wish I had done it sooner.  My career has a brand now and I am proud of it. Thank you Cora Bett for providing us with everything we need to be successful."

Nikki Johnson adds that she is thankful for, "[her] awesome mentor, clients and support at Cora Bett Thomas Realty." Cora Bett Thomas Realty is proud to work with clients and customers who have become our dearest friends.  We are relationship driven, working tirelessly to support the diverse needs of their dynamic clients. "I am thankful for working with professional REALTORS who show up and exceed client expectations," says Susan Kornegay. Since 1994, Cora Bett Thomas Realty has been one of the top-performing residential and commercial real estate leaders in Historic Savannah, Georgia's Golden Isles and the South Carolina Lowcountry.



From real estate veterans, to those just getting their start, Cora Bett Thomas Realty is proud to have agents from all stages in their career. Mary Bernard shares her personal gratitude by saying, "I am thankful that Cora Bett Thomas Realty and Associates has the knowledge, tools, professionalism and broad network to help me get my start in the real estate business. I am grateful that so many of our agents, administrators, and marketing director will pick up the phone at a moment's notice and answer any of my questions. They've walked me through a stressful transaction...or two!"

 

Veronica DeBorde says, "I am thankful to be surrounded by a group of incredibly talented individuals, who are not only coworkers but friends." Cora Bett's dearest friends - many of whom are clients or members of her team - compliment her on her innovative spirit, warm hugs, great listening skills, and amazing cocktail parties.

 

Happy Thanksgiving from our family to yours!

 

July
16

The Cora Bett Thomas Realty & associates team announces Lisa Snipes advancement to sales associate. Previously, Snipes worked for the company in an administrative role, organizing client and agent interactions. In this new role, Snipes will guide buyers through the lengthy process, and provide homeowners a well-planned process when selling their home.

Snipes has been involved in personal corporate relocations, dealt with the buying and selling of more than a dozen of her own homes. With a huge sense of community and love for people, Snipes is excited about this new opportunity. 

Snipes believes that empathy plays a major role in her day-to-day career with Cora Bett Thomas Realty. She enjoys figuring out what buyers are searching for and understands the stressful process, so she works to relieve the majority of stress for buyers or sellers.

July
11

Beaufort Water Festival

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. 

June
28

 

Buying a Home is a Big Deal

It's a life event, and it's an important decision. If you're looking to buy, you'll want to find the right neighborhood, right mortgage, and perfect home. If you're looking to sell you'll want to find the right price and the right time to put your home on the market. But this important step is often overlooked … Searching for the perfect agent for yourself.

This person should be someone compatible with you (and your family), but also someone who has the experience to make the process enjoyable. Cora Bett Thomas suggests that you interview your agent, asking them these 5 key questions for finding the perfect agent:

What do you do differently than anybody else?

Find out what sets them apart. What type of Brokerage to do they work for? How are they going to go above and beyond for you and the service you need?

What experience do you have?

Have them tell you about the most interesting listing or sale they've ever made. How long have they been in the business in your area? If they are new to the market they may still be learning the area. Have they helped sell your type of property before? Have they helped a buyer in your situation? All real estate transactions are different, so you want to make sure your agent knows how to guide you through the process, or has the resources behind them to support your needs.

How do you communicate?

Communication is a big deal. Some people prefer phone calls, others a text or an email. The frequency of communication is also a deal breaker. You should have your choice of how you like to be communicated with, but no matter the case they should be communicating with you very often and very clearly.

How active are you as an agent?

Are they actively soliciting listings and going out and finding customers? That is the key. This is not a 9-5 job, this is a smart job. Your agent needs to know more than just the transaction at hand. Are they caught up on the national market as well as your local market? Be sure to ask about community involvement. An agent who has relationships around your town will help get you connected.

How are you going to market my property?

There's more to it than just putting the For Sale sign in the yard. Your agent should be explaining what your property offers to a wide audience. They should be using videos, digital marketing, Instagram, Facebook, and all social media platforms to help sell your home.

Ready to Sell or Buy a Home?

You want the home buying and selling process to be just as important to your agent as it is to you. Come see us at Cora Bett Thomas Realty, because we have the right agent for you!

June
18

Cora Bett Thomas Realty President Heather Booth recently received her broker's license.

Booth, who has served as President of Cora Bett Thomas Realty and Associates since 2006, has helped grow the company steadily over the last 13 years. The company now has over 50 agents  specializing in residential and commercial real estate, luxury vacation rentals and leasing management. 

"This is an exciting new chapter for our office," says Cora Bett  Thomas, CEO and Founder of Cora Bett Thomas Realty and  Associates. "I am thrilled to watch Heather continue to be a  trailblazer in real estate for our clients."   With her broker's license, Booth plans to support Cora Bett  Thomas and agents in any areas they request, and this new  license helps her do so in a larger capacity. 

May
6

Hurricane Preparedness Week 

In the Lowcountry, we are less than a month away from the beginning of the 2019 Atlantic Hurricane Season, and now is the time to make sure you are prepared. We have recently had two seasons with close calls and you can read what  we learned about preparing here 

The 2019 Atlantic hurricane season is an upcoming event in the annual formation of tropical cyclones in the Northern Hemisphere. The season will officially begin on June 1, 2019, and end on November 30, 2019. These dates historically describe the period each year when most tropical cyclones form in the Atlantic basin and are adopted by convention. 

While predictions right now favor average activity for hurricanes in the Atlantic, it is still important to be ready. Don't wait until the last minute to make preparations. One of the most important things you should do, and do immediately, is to check your homeowner's insurance. Most standard homeowner's insurance policies do not cover flood damage. Check your flood zone at the Georgia Department of Natural Resources DFIRM Flood Map. Then, make sure to have adequate flood insurance for your home. Flood insurance coverage usually takes 30 days to go into effect.

Make sure that you are aware of your community's  evacuation plan and evacuation route. A great way to be prepared for a hurricane and to stay informed during a hurricane is to sign up to receive local alerts and warnings.

Pay attention to local weather forecasts. Storm paths change quickly and without much warning, so listen out for local weather alerts. Also listen to local officials for warnings and instructions, such as evacuation orders. Follow the Chatham Emergency Management Agency, or CEMA, on Twitter and Facebook and check in often for updates.

The FEMA mobile app is also a great resource for hurricane preparation, and includes checklists for hurricane preparation. The FEMA mobile app also provides weather alerts from the National Weather Service and maps of open hurricane shelters and recovery centers. 

Create and review your family's emergency communication plan and make sure that your family is all aware of the contents and location of your emergency supplies. Another important way to be prepared is financially. Strengthen your financial preparedness in the event of a hurricane by collecting and securing important financial, insurance, medical, and other personal records. 

Protect Your Investment

If you have an investment and/or rental property, do not neglect it, even if it is vacant. Instead, make sure to conduct a full hurricane preparedness check on the property every year. This ensures that your property is ready to withstand the high winds and heavy rainfall that is common during the Atlantic Hurricane Season. The staff at Cora Bett Thomas Property Management are available to conduct a Full Weather check on your property, which includes:

  • Complete Roof Inspection
  • Siding and Entry Inspection
  • Window inspection
  • Comprehensive Plumbing and HVAC Check

Once the check has been completed, you can approve any work or repairs that need to be done to ensure that your property is ready to withstand the forces of Mother Nature. The peace of mind that comes from having your property ready will be worth the effort and expense.

These are just a few tools and resources that can help you and your family get prepared, and offer some peace of mind as we approach the 2019 Hurricane Season. 

April
30

Staging a Home is Key to Presenting Properties

By: Catherine James

When selling a home, there are infinite approaches and scenarios. Some sellers completely move out before putting their home on the market, others live there permanently until they sell it, and then there are those that are a brand new build. Whatever the case may be, the goal is the same: to sell the home.

In order to do so, there is one very important step in the process that sometimes gets overlooked: staging. Staging a home is professionally decorating, furnishing, or rearranging so that the buyers can see the potential in the space. It's the secret ingredient that helps a home sell quickly, and at a potentially higher value.

What's not a secret, though, are the numbers. According to the National Association of Realtors, nearly one third (29%) of selling agents believe staging increases the value of a home by 6% to 20%. They also found that staged homes sold 72% more quickly than empty homes.

People don't realize once they put their home on the market, it's no longer their home, it's a commodity. It's time to declutter, depersonalize, and truly make it easier for an outsider to picture themselves living there

This process can be difficult for some homeowners, as they have to detach from the memories and appeal to a larger audience. The bubblegum pink wall they raised their daughter in, the collage of family photos that covers their living room wall, and excessive furniture that shrinks the space … they all have to go.

A professional stager is hired to help you see everything, from curb appeal to the small details that you may have never noticed! They do the research on the area and the current trends. They help you decide color palette, furniture, and props. They get movers to make it happen and help attract your space to more sellers.

So what is the secret to staging? It's not about covering up the negative… it's truly about highlighting the best features in your home. It's all about painting a picture for the lifestyle of a potential home buyer! Show them that they can kick back, relax, and sip a glass of lemonade or a cocktail on their new screened porch. Portray to them that they can wake up to a cup of coffee at their breakfast bar. Set up the space so that it's spacious and they see that they have room for growth.

Staging isn't a secret, it's a necessity.

Contact Cora Bett Thomas Realty Today for more information on Staging and Selling Your Home. 

April
8

Trina Gecco

Cora Bett Thomas Realty recently announced the hiring of Office Director, Trina Gecco. In this role, she will enter listings, process commission checks, create and distribute e-blasts, and handle internal and external office communications.

Trina has an extensive background in real estate and hospitality, equipping her with the knowledge and skills to fulfill the responsibilities as Office Director. She has an Associate's Degree in Business and Hospitality Management and has spent over 10 years in the real estate industry.

With roots in Upstate New York, Trina is happy to be living out the Lowcountry lifestyle. She currently lives with her family in Bluffton, South Carolina, where she enjoys fishing, boating, and shopping locally. Trina also spends her time volunteering and is actively involved in her son's school.

Trina's sense of teamwork, leadership skills, business acumen, and real estate experience provide her with the expertise to manage office responsibilities at Cora Bett Thomas Realty.

For more information about Cora Bett Thomas Realty and Associates, visit www.CoraBettThomas.com

April
8

Jamie Sumner

Cora Bett Thomas Realty recently welcomed back Savannah native Jamie Sumner, as a Realtor. In this role, she provides guidance to sellers and buyers in marketing and purchasing property, making the process enjoyable and low-stress for her clients. 

Sumner has been working in the real estate business since 2004, and is licensed in both Georgia and Florida. She has been a Top 10 Agent for seven straight years in Savannah and the Listing and Selling Agent of the Month numerous times throughout her career. Sumner attended the Ninja Selling Class in 2010 and was previously a member of the "Distinguished Sales Society." 

During her time in Savannah, Sumner has listed and sold luxury multi-million-dollar waterfront homes, residential homes in the greater Savannah area, and unique properties in the Savannah Historic District and Islands area. 

Before her career in real estate, Sumner received a Bachelor's of Business Administration Degree and a Master's of Business Administration Degree from Georgia Southern University. She later was employed as the Chief Financial Officer of Georgia Heritage Federal Credit Union in Savannah. 

Jamie Sumner, who was born and raised in Savannah, is excited that she, her husband (Randy) and her two children (Olivia and Jett) have moved back to the place she has always considered home. She is also delighted to once again be able to help clients buy and sell real estate in Savannah, an area she knows well. "Savannah is a beautiful city and I am very proud to call it home," said Jamie Sumner. "I am ready to jump back in and represent my clients with the same high-level expertise and knowledge that I have for the past 12 years. I'm very excited to be back in Savannah and back working with the best Broker in town." 

For more information about Cora Bett Thomas Realty and Associates, visit www.CoraBettThomas.com

March
29

Real Estate Virtual Realty

By: Demetri Chrissos

From the alarm clock that wakes you up every morning to the maps that get you from point A to B on time, we are living in a technology-first world. Connectivity is inevitable. Most likely all of these resources can be found in the palm of your hand, on your smartphone.

The same goes for the world of real estate. Highly developed gadgets are improving by the minute, and Cora Bett Thomas has always put a huge emphasis on the importance of technology.

"It's time to embrace this new world of real estate."

Real Estate Virtual Realty

"My goal is to be open to new ideas and be a step ahead of the technologies in the ever-changing world of real estate," says the founder of Cora Bett Thomas Realty, Cora Bett Thomas. "It's time to embrace this new world of real estate."

Technology has truly transformed the way realtors think, operate, and serve their clients. There are now 3rd party websites showcasing properties, and 3-D home tours, right from the luxury of your home. You can feel like your inside another home with the click of a mouse.

Real Estate Virtual Realty

To make it even more real, Cora Bett recently introduced her team to Virtual Reality glasses. They are made by Google and branded with Cora Bett Thomas Realty's logo, costing only a few dollars to produce and compatible with most any smartphone. These VR glasses, paired with the Matterport 3D camera, give users the chance to see and feel a property layout without actually stepping foot inside (as seen in photo).

It can be an incredible tool for agents who want to show a variety of interiors to those who are just starting their search. They don't fully replace the showing of properties (yet) but they add an element of service for clients and customers. It will also grow as a tool for visitors looking to just rent our vacation properties

The DIY cardboard trend in technology can be seen elsewhere. Nintendo recently came out with the Switch, a console designed to be portable and enable players to bring gaming experiences out of the family room and into the world. They've even created cardboard cutouts that can create a steering wheel, a fishing pole, and more. This provides affordable access and the "Do It Yourself" experience for those who otherwise wouldn't get to experience these innovations.

As technology changes, easy and affordable access to it is one of the most important factors. By sharing and introducing Cora Bett Thomas Realty clients and agents to virtual reality, we're contributing to the conversation.

February
27

Our Team Member, Beth Bohmert, Named Beaufort-Jasper County Realtors Association 2018 Realtor® of the Year.

Beth Bohmert

Cora Bett Thomas Realty's Beth Bohmert was recently awarded 2018 REALTOR® the Year. The Realtor of the Year is awarded to an individual who is chosen by her peers. She had been described as someone who is generous with her time and a lifelong mentor. Bohmert is a top producing agent in Beaufort. She began as a Realtor in 2002, making real estate her full-time career while she juggling the responsibilities of raising three children. Bohmert brings her business acumen from her career on Wall Street, as a Commodity Broker & a Foreign Currency Trader, to her real estate business.

In 2013, Bohmert was elected to serve her first 3-year term, as a Director, on the Beaufort County Association for Realtors Board of Directors. She subsequently was elected to a second 3-year term, and in 2018, was nominated and elected to serve as the 2019 Secretary of the Beaufort-Jasper County Realtors Association. During her time as a Director, she served on a Task Force that researched and vetted MLS systems which resulted in the Association upgrading to FLEX MLS system. She was also instrumental in helping expand the MLS system to the South of the Broad & spent many hours helping the MLS staff defining the geographic areas.

February
21

Prepare Your Home For Sale

Ready, Set ... For Sale!

BY ANN TOHILL

It's time to upgrade, find a better school district, move cities for a new job, or make room for more! Whatever the case may be, selling your home should be an exciting time. It's out with the old, and in with the new. It's time for a reset. But for some homeowners, it can be overwhelming. To ease stress ahead of one of the hottest home selling seasons, here are some tips for preparing your home… so that "For Sale" sign can be added to the front yard.

1. Curb Appeal

Curb appeal is so important — and so are first impressions! Start with the lawn. Freshen up the mulch/pine straw, add colorful flowers to the flower beds, mow the lawn, get rid of those pesky weeds, sweep off the pollen from the front porch, and make sure your front door is sparkling from afar. Catch their attention right away.

2. Take a Deep Breath

When you open your door, take a deep breath in… What does it smell like? Wet dog, cigarettes, food, bleach, cleaning supplies, or too much air freshener? You want that fresh scent, but nothing that's too overbearing. The smell of your home will make or break the deal. Diffusers are a wonderful investment or throw a batch of cookies in the oven just before a showing.

3. The Details

Make sure batteries are replaced in your smoke alarm and all light bulbs are working. You want the potential buyer to get a true feel for your home!

4. Clean, Clean, Clean

Wipe down your baseboards, wash your walls, clean your carpets, scrub your bathrooms, dust your fans, and don't forget your curtains and blinds.

5. De-personalize Your Space

Potential buyers want to be able to picture themselves in your home. Take down personal photos, artwork, and collectibles. Declutter your space, but don't throw items in a closet or the oven... people will look in all of those places when touring your home.

6. Touch up Your Paint

Think about using only neutral colors. Consider painting your daughter's hot pink room or your bright orange kitchen, a light tan or a faded gray. That's an easy fix for new home buyers, but some can't picture the potential, they actually want to see it.

7. Give Your Home an Easy Flow

Make sure your furniture is moved around so that it's comfortable. If you can afford it, think about renting a storage unit for excess furniture.

8. Set the Stage

It's good to have your home staged. You can hire a stager and get them to spruce up your home, so people can dream up what it can look like.

9. Make Repairs

That loose handle, the faucet that always drips, or the closet door that doesn't shut all the way… fix that!

10. Hire a Home Inspector 

If you've lived there a while, it's a good idea for you, as the seller, to hire a home inspector before putting your home on the market. This is to make sure it passes all inspections and is 100% ready to sell.

Are You Ready to Sell?

These 10 steps are all affordable and worth the time and effort. The homes with neutral colors that are sparkling clean and inviting to a stranger, don't last long on the market. There's no specific ideal time to sell your home, but if you're considering attracting springtime buyers, now is the time to start to prepare your home for sale.

If you have any additional questions or are looking to sell, visit our website at www.corabettthomas.com or call us at 912.233.6000 and we will connect you with a licensed agent.

February
13

The 12th Annual Savannah Book Festival will continue to celebrate nationally-recognized and local authors through their contributions to literacy, ideas, and imagination. Festival Saturday is a free and open to the public event that features solo author presentations in seven venues around Telfair, Chippewa and Wright Squares in historic downtown Savannah.  Our headlining authors events, featuring some of the biggest names in the book world, are ticketed at a nominal fee.

Savannah Book Festival celebrates books and the written word and brings authors from around the country to Savannah. The authors will present their work to audiences of book lovers eager to hear what they have to say. The guests include bestselling authors of popular fiction and non-fiction, as well as historians, lifestyle experts, and other critically acclaimed authors.

The festival's annual Festival Saturday will take place on February 16, 2019 at venues in and around Telfair Square in beautiful downtown Savannah. The Festival, which runs from 9:00 a.m. to 5:00 p.m., is free and open to the public. On Saturday, Author Silas House brings his novel Southernmost To Savannah Book Festival. The novel Southernmost begins with a flood of biblical proportions. The aftermath is set in a Southern Appalachian town where a fundamentalist preacher struggles with his rigid beliefs. 

Savannah Book Festival Children's Tent

SBF and Live Oak Libraries (LOPL) are pleased to announce the SBF Children's Tent event, which is taking place on Sunday, February 17 from 1-4 pm in Reynolds Square. The SBF Children's Tent will feature author appearances, activities and book-signings. For more information, please click here.

"...Eleven hundred men went into the water. Vessel went down in twelve minutes..." 

You may recognize those words as part of Robert Shaw's monologue in the movie "Jaws," but a new book exposes what really happened that day. Indianapolis: The True Story of the Worst Sea Disaster in U.S. Naval History and the 50-Year Fight to Exonerate an Innocent Man. The authors, Lynn Vincent and Sara Vladic, will present the closing address on Sunday, February 17. Indianapolis is the culmination of years of research and tells the story of — and those surrounding — what is arguably the United States' most famous naval warship. There was a great interview with authors Vincent and Vladic on GBP's "On Second Thought" that you can listen to here.

For More Information Visit 12th Annual Savannah Book Festival website

January
29

Make Your Plans for Super Museum Sunday!

Super Museum Sunday

Georgia, and Savannah in particular, has an impressive variety of museums and historical markers. On Sunday, February 10th, Georgians and visitors alike can experience our state's rich history and cultural life. Historic sites, house museums, art museums, and other points of interest in Savannah and throughout Georgia will open their doors to the public, providing an exceptional opportunity to experience the history in our own backyard.

Check Out the 2019 Super Museum Sunday Printable Map

An impressive list of Savannah's Museums and cultural heritage sites for showcasing knowledge and education will be free to the public from noon to 4 p.m. The Coastal Heritage Society's five museums will participate in the 2019 Georgia History Festival's "Super Museum Sunday" on Feb. 10th. Those sites include Georgia State Railroad Museum, Old Fort Jackson, Pin Point Heritage Museum, Savannah Children's Museum, and Savannah History Museum. Guests can enjoy free interactive exhibits and engaging tours at each site through hands-on, immersive activities that illustrate the narratives of Savannah's past.

In addition to the museums that are part of the Coastal Heritage Society, the Telfair Museums will open all three of their sites — the Owens-Thomas House, the Telfair Academy and the Jepson Center. However, because of the crowds that are expected for Super Museum Sunday, you might want to go ahead and get that visit  to see the French Impressionism exhibition Monet to Matisse taken care of before February 10th (which is also the last day of this unforgettable exhibition).

Super Museum Sunday

Pin Point Heritage Museum, located in the old A.S. Varn & Son Oyster and Crab Factory, is your chance to experience the Gullah/Geechee culture firsthand. For nearly 100 years, the community of Pin Point was quietly isolated on the banks of the Moon River just south of Savannah. Now, you can explore the refurbished museum complex and experience multimedia presentations, exciting exhibits and unparalleled views of the marsh. If you are looking to have a more adventurous  Super Museum Sunday, you can also kayak to the Pin Point Heritage Museum. 

We Love Super Museum Sunday.

Many museums participating on Super Museum Sunday plan to offer free guided tours and live reenactments for the special occasion. The free admission provides the opportunity for those who otherwise  cannot afford the chance to visit one of their local community museums. It is also an affordable way to explore a museum in your neighborhood that you may have never considered visiting before. Below is a list of participating Chatham County Museums. If you won't be in Savannah on Super Museum Sunday, visit the Georgia Historical Society website for more information and the complete list of participating museums, parks and historical sites throughout Georgia.

Super Museum Sunday Chatham County

  • Bloomingdale History Museum & Visitors Center
  • National Museum of the Mighty Eighth Air Force
  • Andrew Low House Museum
  • Beach Institute African American Cultural Center
  • Bonaventure Historical Society
  • Coastal Georgia Botanical Gardens
  • Congregation Mickve Israel
  • Davenport House Museum
  • First African Baptist Church
  • First Bryan Baptist Church
  • Flannery O'Connor Childhood Home
  • Fort Pulaski National Monument
  • Georgia State RailRoad Museum
  • Girl Scout First Headquarters Museum and Program Center
  • Green-Meldrim House
  • Harper Fowlkes House
  • Juliette Gordon Low Birthplace, National Historic Landmark 
  • King-Tisdell Cottage
  • Massie Heritage Center
  • Mother Mathilda Beasley Cottage
  • Oatland Island Wildlife Center
  • Old Fort Jackson
  • Ossabaw Island
    Call Ossabaw Island for ticket/wait list information.
  • Pin Point Heritage Museum
  • Savannah Children's Museum
  • Savannah History Museum and Battlefield Memorial Park
  • Savannah-Ogeechee Canal Museum & Nature Center
  • Ships of the Sea Maritime Museum
  • St. John's Church
  • Telfair Museums' Jepson Center for the Arts
  • Telfair Museums' Owens-Thomas House & Slave Quarters
  • Telfair Museums' Telfair Academy of Arts and Sciences
  • Thunderbolt Museum
  • Tybee Island Light Station and Museum
  • UGA Marine Education Center & Aquarium
  • Webb Military Museum
  • Wormsloe State Historic Site
January
9

Kelly Durbin

Cora Bett Thomas Realty recently added of Kelly Durbin to our team. Kelly will be responsible for buying and selling homes in Richmond Hill and the surrounding communities. In this role, she will create targeted marketing strategies, be an expert at negotiating contracts for clients, and have a comprehensive understanding of the market.

Kelly is a strong negotiator and has a passion for real estate. She recently moved to the area from North Canton, Ohio where she served as a realtor for 5 years. While there she received several awards for her dedication to real estate, including the Ohio Association of Realtors President's Sales Club Award of Achievement from 2016-2018.

Kelly received her Real Estate Certificate from Hondros College and also attended Walsh College in North Canton, Ohio. Prior to real estate, she worked for several years as a Medical Coding and Billing Representative.

The beautiful history, proximity to the coast, and unbeatable landscapes, are just a few reasons Kelly  is excited to call Richmond Hill home. She's thrilled to explore everything our area has to offer and looks forward to sharing her love of real estate with so many new clients.

For more information about Cora Bett Thomas Realty and Associates, visit www.CoraBettThomas.com

December
16

Kelly Foley

Cora Bett Thomas Realty has hired real estate agent, Kelly Foley. As Sales Associate, she will guide buyers or sellers through the negotiations, contractual aspects, and lengthy real estate processes.

Foley has an extensive background in customer service, equipping her with strong negotiation skills for home buying. She spent five years in the U.S. Air Force. Following that, she spent over 20 years in the aerospace industry, traveling the world with airline executives and partnered with the Department of Defense, as Director of Operations.

Foley is happy to be back to her roots in the Southeast, where she spent most of her early life. She now lives with her family in Rincon, where she enjoys spending time with husband, Vincent, and son, Liam. Foley also volunteers her time with PACK, a local organization collecting food donations for underprivileged children, helping ensure have meals over the weekend.

Foley's leadership skills, business acumen, and project management experience provide her with skills to assist buyers and sellers through their real estate transactions.

December
12

Cora Bett Thomas Realty Recently Hired Dylan Mckie  as Sales Associate

Cora Bett Thomas Realty Hires Dylan Mckie as Sales Associate.

Cora Bett Thomas Realty recently announced the addition of Dylan Mckie as Sales Associate. In this new role, he will facilitate clients with renting, buying, and selling of residential properties.

In August of 2018 Mckie became a licensed Realtor®. He takes time to study property listings, interview prospective clients, and draw out real estate contracts. He also assists real estate powerhouse, Bradford Moody, with research and the completion of transactions. His background is in construction and home renovation.

New to Savannah, Mckie recently moved from Highland Village, Texas. He now lives near Daffin Park and loves meeting new people there. In his free time, he volunteers with Habitat for Humanity in downtown Savannah.

Although new to the real estate field, he says what he lacks in experience, he gains in enthusiasm and willingness to learn.

November
14

John Jewell Joins Our Commercial Team

Cora Bett Thomas Realty recently announced the addition of John Jewell to the commercial real estate team. As a commercial broker, he will act as the mediator between buyers and sellers, facilitating transactions in properties such as: large scale multi-family, land for development, multi-tenant strip centers, multi-tenant office buildings, and restaurants.

With over 15 years of experience in commercial real estate, Jewell has completed transactions across both Georgia and Tennessee. In that time, he has worked with some of the largest property owners, completed transactions with national retailers, and secured large government leases. Most recently, he opened and ran his own real estate business in Tennessee. Prior to that he worked as Managing Director for a national commercial office, and before that, began his career with a regional commercial firm.

Jewell received his Bachelor's Degree in Business and Economics from Wofford College in Spartanburg, South Carolina. His father, Ken Jewell, sparked his passion for real estate, having practiced commercial real estate in South Carolina for years. Jewell is married to real estate power house Amanda Jewell, together they have 2 children. He and his family enjoy boating or traveling whenever possible.

Jewell has been a multi-million dollar producer every year since 2003. He has a passion for both landlord and tenant representation, and looks forward to new opportunities here in Savannah.

Contact John

August
9

Supply & Demand Will Determine Future Home Values

Supply & Demand Will Determine Future Home Values

Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of "supply and demand," which is defined as:

"The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price."

When demand exceeds supply, prices go up. Every month this year, demand (buyer traffic) has increased as compared to last year and for the first five months of 2018, supply (the number of available listings) had decreased as compared to last year. However, a recent report by the National Association of Realtors (NAR) revealed the first year-over-year increase in supply in three years.

Here are the numbers for supply and demand as compared to last year since the beginning of 2018:

Home Prices are Still Rising

The increase in the June numbers doesn't mean that prices won't continue to appreciate. In that same report, Lawrence Yun, NAR's Chief Economist, explained:

"It's important to note that despite the modest year-over-year rise in inventory, the current level is far from what's needed to satisfy demand levels.

Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up."

Bottom Line

The reason home prices are still rising is that there are many purchasers looking to buy but very few homeowners ready to sell. This imbalance is the reason prices will remain on the uptick.

From KCM

July
6

Be Prepared for Bidding Wars.

Bidding War

Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the new school year. This year will be no different!

Buyers have already been out in force looking for their dream homes and more are on their way. The challenge is that the inventory of homes for sale has not kept up with demand, which has led to A LOT of competition for the homes that are available.

A recent article by the National Association of Realtors touched on the current market conditions:

"Realtors® in areas with strong job markets report that consumer frustration is rising. Home shoppers are increasingly struggling to find an affordable property to buy, and the prevalence of multiple bids is pushing prices further out of reach."

Realtor.com went on to explain why buyers are flocking to the market in such big numbers:

"A booming economy and stable employment in most parts of the country have created a new generation of eager home buyers – and led to fevered price battles spilling over into some unexpected, smaller markets."

Javier Vivas, Director of Economic Research for Realtor.com had this to say about competition:

"Multiple-offer scenarios are no longer reserved to the usual big, fast-moving markets…demand for homes has spilled outward into secondary, smaller markets, and more buyers are gearing up to face fierce competition in more places around the country."

Realtor.com looked at the number of homes that were selling above asking price to determine which markets were heating up. Below are the Top 10:

  • Akron, OH
  • Worcester, MA
  • Lexington, KY
  • Irvine, CA
  • Greensboro, NC
  • Sioux Falls, SD
  • Madison, WI
  • Louisville, KY
  • Tacoma, WA
  • Little Rock, AR

Bottom Line

Contact us to discuss our exact market conditions so that we can help you create a strategy to secure your new home in this competitive atmosphere. We're here to help you get into your dream home. 

Contact Cora Bett Thomas Realty & Associates today.

July
3

Two Cora Bett Thomas Realty Listings Featured on HGTV Ultimate House Hunt. 

HGTV.com editors recently chose not one, but two Cora Bett Thomas Real Estate listings as finalists for its online contest, the Ultimate House Hunt.

The month-long contest, held now through July 17 features 88 homes from around the world in eight different categories. Visitors to the site are asked to vote for their favorite for a chance to win $10,000.

Both listings, one in Savannah and one in Beaufort, are featured in the Homes with History category. Editors selected these homes based on striking photographs of their extraordinary features and inspirational design. Other categories include Amazing Kitchens, Curb Appeal, Extreme Homes, Global Homes, Modern Masterpieces, Urban Digs and Waterfront Homes.

Voters can vote for one house in each category once per day at www.HGTV.com/househunt

"I am so honored the editors at HGTV.com chose both of these beautiful, historic homes," said Cora Bett Thomas. "I am excited for the world to see the beauty and charm of Historic Savannah and the South Carolina Lowcountry and how we preserve nostalgic classic architecture without sacrificing modern conveniences. Please go out and vote for our beautiful homes!"

This is the seventh consecutive year HGTV has aligned exclusively with Cora Bett Thomas Real Estate's global real estate network Leading Real Estate Companies of the World® and its luxury marketing division Luxury Portfolio International® to host the Ultimate House Hunt, which is one of the most popular contests on HGTV.com.

The Savannah finalist is a Federal-style townhome in the desirable Jones Street neighborhood. Built in 1853, the three-story, brick home has housed a number of high-profile individuals, including August Coppola, brother of director Francis Ford Coppola.

The 4,000-square-foot home has several unique features including high ceilings, six fireplaces, exposed brick walls, and stained glass windows, combined with a recently renovated and thoroughly modern kitchen. The first floor, with its own private entrance, can function as additional bedroom space or be rented as an apartment, vacation rental, or business. A second-floor balcony overlooks a private courtyard complete with a fountain and an iron gate that leads to three parking spaces in the rear lane.

The Beaufort finalist is the Robert Smalls House, a National Historic Landmark built in 1843. The house is named for Robert Smalls, an enslaved African American man who commandeered a Confederate ship and delivered its passengers to freedom during the Civil War. Smalls later returned to Beaufort, was elected to the U.S. House of Representatives and bought the house, which had been owned by his slave master.

The two-story, antebellum home features a wood frame structure, gable roof and two porches. Palmetto and magnolia trees shade sitting areas and brick walkways in the formal front garden. Around the back of the house waits a two-story guest cottage with a full kitchen, one and a half baths and a loft. The 4,264-square-foot house features six fireplaces, hardwood floors, crown molding, built-in bookshelves, a butler's pantry and a recently renovated modern kitchen with a large island, granite counters and a green subway tile backsplash.

About Cora Bett Thomas Realty

Cora Bett Thomas and Associates has more than 35 years of experience helping clients buy and sell, both residential and commercial properties in Savannah and its surrounding areas, Beaufort, Bluffton, Hilton Head Island, Palmetto Bluff and the Lowcountry. 

June
25

3 Issues Facing Today's Real Estate Market

Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called "Top Ten Issues Affecting Real Estate™," given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners. 

The Counselors of Real Estate (CRE) "is an international organization of high profile property professionals which include principals of prominent real estate, financial, legal, and accounting firms as well as recognized leaders of government and academia." 

Their annual "top 10" list spans any and all issues that could have an impact on the real estate market. This year, the list was broken up into "Current" and "Long-Term Issues."

Today we're going to focus on three of the five "Current" issues with a brief explanation of their impacts on the housing market today!

E-Commerce & Logistics

With promises of 2-day shipping no matter where you live, we are benefiting more now than ever before from the speed and ease-of-use of online retailers like Amazon. These e-retailers haven't changed whether or not we buy certain items, but rather HOW we buy them!

Many traditional malls or big-box stores are being repurposed as warehouses or distribution centers for online retailers so that they can get their products out faster.

A Look to the Future: "Developers who are including experiences into their locations are the ones who will succeed. It's about the experience and gaining something over just going to buy a product."

Generational Change & Demographics

By now we've all heard that the millennial generation is the largest yet, just by sheer volume. The largest group of millennials turns 30 years-old in 2020. The average first-time homebuying age is between 30 and 32, depending on marital status. Real estate professionals will be inundated with more and more buyers as the years roll on. Nahas commented on this in his presentation, saying that,

"Too many developers have become dependent on making decisions based on baby boomer's preferences.

The 75 million millennials are coming, and they will influence real estate and commerce even faster than the baby boomers in the 50s and 60s."

Interest Rates & the Economy

The interest rate that you secure for your mortgage is a big factor in your monthly housing cost and in how much you ultimately pay for your home. According to Freddie Mac's Primary Mortgage Market Survey, rates rose to 4.62% on a 30-year fixed rate loan last week.

The Federal Reserve also raised the federal funds rate for the second time this year. If unemployment continues to be at or near record lows, two more hikes are likely to come later this year. Nahas added,

"Rising rates can be good and bad for the economy. Bad for borrowing money with additional costs, but good to control inflation and help grow the economy at a moderate pace."

Bottom Line

If you are planning on buying and/or selling a home this year, let's get together to help you navigate the conditions in your market and set you up for success.

Contact Cora Bett Thomas Realty & Associates today.

From KCM

June
21

Protect Your Dog on Hot Pavement.

Dog on Hot Pavement

Summertime is nearly here in the Lowcountry. This means longer days full of sunshine, which is great if you're at the beach, but not so great if you're trekking across hot pavement. It's always fun to go shoe shopping for summer sandals, but don't forget about your four-legged friends' feet. Sure, shoes are available for dogs, but those can be uncomfortable (and hot!) in the summer. A cheaper and more comfortable option is a paw protection wax . 

Paw protection wax is an all-natural product that forms a barrier on dog's paws. Formulated with vitamin E to moisturize, help soothe wounds and keep paws healthy paw wax is nontoxic, hypoallergenic, and easy to apply. The wax is absorbed into the paws and forms a semipermeable shield, which allows perspiration to escape through the toes. In addition to snow, ice, and hot pavement, paw protection wax also protects from irritants such as sand, salt, and rough terrain. 

Paw protection waxes are made from food-grade waxes that are non-toxic and non-allergenic, so it's ok if your dog licks their paws after an application of the balm. You can even use it on yourself as a protective balm against windburn. 

One of our favorite paw protection waxes is Musher's Secret, a dense, but breathable wax originally developed in Canada for sled dog races and it's ideal for protecting your dog's paws from extreme temperatures — hot or cold. While any paw protection wax will need to be reapplied depending on your dog's activity, a little bit of the product goes a long way. Just a small amount on each paw is good for a week's worth of walking.

Make the most of the summer days in Savannah for you and your pooch, and keep their paws protected. 

Where to Find Paw Protection Wax

Locally, find paw protection wax at Woof Gang Bakery locations. But just call ahead to make sure paw protection wax is in stock at your nearest location because of its popularity. Find your nearest store here.

You can find Musher's Secret online at Amazon.

And don't forget to pick up a travel dog bowl to keep your pal hydrated too!

June
11

Catherine jamesCora Bett Thomas Realty recently announced Catherine James as a new real estate agent.In this role, she will facilitate the buying and selling process for residential clients throughout Savannah.

Originally from Long Island, New York, James left New York to raise her family in warmer weather, and spent the next 25 years soaking up sun in Florida. While in Florida, Catherine's love for coastal living grew stronger, which fueled her passion for specializing in waterfront properties. 

When her daughter moved to New York City, she decided to follow up and go back to her roots in Long Island.  Several years into her return, however, Catherine found herself missing the South. Being familiar with Savannah where her daughter attended college, she decided to move to the Hostess City and couldn't be happier with the decision and she currently resides in Midtown Savannah.

Catherine is licensed in Georgia, Florida, and New York and is a certified home stager.

 
May
17

Tax reform and the housing market.

tax reform and the housing market

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream.

Now that the first quarter numbers are in, we can begin to decipher the actual impact that tax reform has had on the real estate market.

1. Has tax reform killed off home buyer demand? 

The answer is "NO."

According to the Showing Time Index which "tracks the average number of buyer showings on active residential properties on a monthly basis" and is a "highly reliable leading indicator of current and future demand trends," buyer demand has increased each month over the last three months and is HIGHER than it was for the same months last year. Buyer demand is not down. It is up.

2. Have the tax changes affected America's belief in real estate as a long-term investment? 

The answer is "NO."

Two weeks ago, Gallup released its annual survey which asks Americans which asset they believed to be the best long-term investment. The survey revealed:

"More Americans name real estate over several other vehicles for growing wealth as the best long-term investment for the fifth year in a row. Just over a third cite real estate for this, while roughly a quarter name stocks or mutual funds." 

The survey also showed that the percentage of Americans who believe real estate is the best long-term investment was unchanged from a year ago.

3. Has the homeownership rate been negatively impacted by the tax changes?

The answer is "NO."

Not only did the homeownership rate not crash, it increased when compared to the first quarter of last year according to data released by the Census Bureau.

In her latest "Z Report,Ivy Zelman explains that tax reform didn't hurt the homeownership rate, but instead, enhanced it:

"We have been of the opinion that homeownership is most highly correlated with income and the net effect of tax reform would be a positive, rather than negative catalyst for the homeownership rate. While still in the early innings of tax changes, this has proven to be the case."

4. Has the upper-end market been crushed by new State and Local Taxes (SALT) limitations? 

The answer is "NO."

In the National Association of Realtors latest Existing Home Sales Report it was revealed that:

  • Sales between $500,000 and $750,000 were up 4.5% year-over-year
  • Sales between $750,000 and $1M were up 15.1% year-over-year
  • Sales over $1M were up 17.3% year-over-year

5. Will the reforms in the tax code cause home prices to tumble over the next twelve months? 

The answer is "NO."

According to CoreLogic's latest Home Price Insights Report, home prices will appreciate in each of the 50 states over the next twelve months. Appreciation is projected to be anywhere from 1.9% to 10.3% with the national average being 4.7%.

Bottom Line

The doomsday scenarios that some predicted based on tax reform fears seem to have already blown over based on the early housing industry numbers being reported.

Contact Us Today!

April
3

Choose From Savannah's Best Real Estate Team!

Savannah's Best Real Estate Team

How do you select the members of your team who are going to help make your dream of owning a home a reality? What should you be looking for? How do you know if you've found the right agent or lender?

The most important characteristic that you should be looking for in your agent is someone who is going to take the time to really educate you on the choices available to you and your ability to buy in today's market.

As the financial guru Dave Ramsey advises:

"When getting help with money, whether it's insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman."

Do your research. Ask your friends and family for recommendations of professionals they've worked with in the past and have had good experiences with.

Look for members of your team who will be honest and trustworthy; after all, you will be trusting them to help you make one of the biggest financial decisions of your life.

Whether this is your first or fifth time buying a home, you want to make sure that you have an agent who is going to have the tough conversations with you, not just the easy ones. If your offer isn't accepted by the seller, or they think that there may be something wrong with the home that you've fallen in love with, you would rather know what they think than make a costly mistake.

According to the Home Buyer and Seller Generational Trends Report:

"Buyers from all generations primarily wanted their agent's help to find the right home to purchase. Buyers were also looking for help to negotiate the terms of sale and to help with price negotiations." Additionally, "Help understanding the purchase process was most beneficial to buyers 37 years and younger at 75 percent."

Look for someone to invest in your family's future with you. You want an agent who isn't focused on the transaction but is instead focused on helping you understand the process while helping you find your dream home.

Bottom Line

In this world of Google searches, where it seems like all the answers are just a mouse-click away, you need an agent who is going to educate you and share the information that you need to know before you even know you need it. 

Contact Savannah's Best Real Estate Team Today!

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