March Real Estate Roundup
Freddie Macs results of its Primary Mortgage Market Surveyreg; shows that "mortgage rates have dipped quite dramatically since the start of the year and house prices continue to moderate, which should help on the homebuyer affordability front. The combination of improving affordability and more inventory than the last few spring selling seasons should lead to improved home sales demand."
bull; 30-year fixed-rate mortgage FRM averaged 4.28 percent with an average 0.5 points for the week ending March 21, 2019, down from last month when it averaged 4.35 percent. A year ago, at this time, the 30-year FRM averaged 4.45 percent.
bull; 15-year FRM this week averaged 3.71 percent with an average 0.4 points, down from last month when it also averaged 3.78 percent. A year ago, at this time, the 15-year FRM averaged 3.91 percent.
bull; 5-year Treasury-indexed hybrid adjustable-rate mortgage ARM averaged 3.84 percent this week with an average 0.3 points, the same as last month when it averaged 3.88 percent. A year ago, at this time, the 5-year ARM averaged 3.68 percent.
> Full Story
Realty Times Remembers Long-Time Contributor, Bob Hunt
It is with great sadness and reflection that we announce the passing of Bob Hunt, a long-time Realty Times contributor, former director of the National Association of Realtorsreg;, author of Ethics at Work and Real Estate the Ethical Way. A graduate of Princeton with a masters degree from UCLA in philosophy, Hunt served as a U.S. Marine, Realtorreg; association president in South Orange County, director of the California Association of Realtorsreg;, and was an award-winning Realtorreg;. For the last 20 years Bob has been a weekly contributor to our website, educating agents and brokers alike as an expert in his field; we thank Bob for his many years of dedication to our publication. We will miss his colorful and sage advice. Our hearts are with his family at this very difficult time.nbsp;
> Full Story
Spring Cleaning with an Eye Toward ROI
ldquo;Spring cleaning is the perfect opportunity for home owners to de-clutter and organize their home,rdquo; said Keller Williams. ldquo;It is an especially important task for home owners who currently have their home listed or plan to list in the near future. Taking the time to spruce up the home can help increase value and make a good impression on potential buyers.rdquo;
Clean out your closets
Whatrsquo;s one thing everyone always wants more of: closet space Buyers will open every door and look through every closet to assess whether or not their stuff will comfortably fit inside. Pack up your out-of-season stuff to make it look more airy, and not only will you impress buyers, but yoursquo;ll get a jumpstart on your packing.
Clean out your kitchen cabinets
Theyrsquo;ll go through these too, and if therersquo;s clutter or anything looks sloppy, poorly organized, or out of place, it may give them pause. You donrsquo;t want a buyer questioning whether the house is in good shape because your dishes were mismatched or you had too many junk drawers.
Clean out your garage
Yoursquo;re moving anyway, so you might as well get the garage nice and tidy now. The impression you make here could make a difference in getting a sale or staying on the market.
Spruce up your front yard
ldquo;Prepare the lawn and trees: Itrsquo;s time to bring out the lawn mower and plant nice flowers for a better curb appeal,rdquo; said Keller Williams. While yoursquo;re at it, lay down a fresh layer of mulch, which gives the yard a ldquo;done,rdquo; well-cared-for look, and make sure your door, doormat, and front windows are clean and inviting. Nothing is more important than the first impression your home makes. If the front yard and exterior look shabby, potential buyers may not even venture inside.
Get your yard in order
Outdoor living is more important than ever, and buyers are looking for a space where they can envision themselves >
Concentrate on the kitchen and bathrooms
Even if yoursquo;re not making updates, you can make these key spaces look brand-new with a good scrubbing. Use stainless steel cleaner to make your appliances shine and remove all fingerprints. For bath fixtures, ldquo;Simply add a squirt of a mild soap to a bowl of warm water,rdquo; said The Pink Plumber. ldquo;Use a soft cloth or nonabrasive sponge and clean the fixtures well, rinsing with warm water. Use an old, soft toothbrush to clean any crevices that are hard to get to with the cloth or sponge. Rinse the fixtures well with warm water and dry thoroughly with a soft cloth.rdquo;
Steam clean the carpets
Dirty, dingy, or smelly carpets are a real turnoff. You may not notice theyrsquo;ve lost their luster because yoursquo;re seeing them every day, but they wonrsquo;t likely get past a potential buyer. A good cleaning can make them look new and smell fresh.
> Full Story
ldquo;Old grime, pet dander, settled moisture, and other particles can all serve to not just make your carpet dirty but also to weigh it down and cause the fibers to stick to each other,rdquo; said Kaufman Realty amp; Auctions. ldquo;When yoursquo;re done and the carpet dries, it will be softer and fluffier than ever.