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| | This means that if you are serious about moving your home in this season's market you must be willing to be flexible with your time. Making your home readily available may mean more showings or a |
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Should I Stay Or Should I Go: Sell Or Remodel?
The best way to determine if you should be calling your expert real estate agent or your expert remodeler is to put pen to paper or fingers to the keyboard to make some notes about your ultimate goals for your home. Doing this will allow you to comparatively consider and see which things matter most. For instance, some people love their home but not the street they live on.
That might bother them so much that it's worth the move or at least house-hunting, to see what the options look like. Others, might find the neighborhood perfect but their home is on the small side. A talented remodeler can usually help by creatively gaining both square footage and a great design. Whichever the case, weighing your options before making a rash decision will prove to be advantageous in the long run.
Start by considering things like the location. This is vital because if you live inland and you want a nearby ocean view, a move is likely going to be mandatory.
Lower Inventory Levels Sell Homes Quicker
Today's median time for a home to remain on the market is 69 days (July 2012). This is down nearly 30 percent from the 98 days seen in July 2011. The NAR reports that during periods which see close to a 6-month supply, such a now, homes have a median selling time of 6 weeks.
Inventory levels remain low, with a 6.4-month supply of homes on the market in July. This is down 31.2 percent from a year ago. Last July saw a 9.3-month supply of homes on the market.
Lawrence Yun, NAR chief economist, said there is a clear relationship between inventory supply and time on market. "As inventory has tightened, homes have been selling more quickly," he said. "A notable shortening of time on market began this spring, and this has created a general balance between home buyers and sellers in much of the country. This equilibrium is supporting sustained price growth, and homes that are correctly priced tend to sell quickly, while those that aren't often languish on the market."
"Our current forecast is for the median existing home price to rise 4.5 to
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Avoid 3 Common Mistakes Even Savvy Decorators Make When Choosing Art
In the realm of interior design, the works of art you choose should frame your decor and go beyond matching the furniture, being "cool," or displaying status symbols. Consider these tips for choosing art for your home.
Mistake No. 1 Choosing artwork to match the sofa: Find work that compliments your mood and the style of your décor. To that end, here are some important questions to consider.
Does the art make your energy feel light or heavy? Try experimenting. Grab a National Geographic or some other magazine with a wide variety of images and take a look through the pictures. Become aware of the photographs that weigh you down and those that create an effervescent effect in
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| Rich Ferretti, Broker/Realtor ABR,QSC e-PRO E-mail: rich@richferretti.com Web: http://www.richferretti.com 704-564-0807 | | Keller Williams Realty704-564-0807 6555 Old Monroe Road Indian Trail, NC 28079 |  Equal Housing Opportunity |
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