What do we really mean when we say a house has great bones?It’s a feature that all buyers want, but few can define. Understanding how to identify qualities that add up to the coveted “great bones” feeling can help you set your listing apart. Recently, Architectural Digest’s Lindsey Mather asked a handful of designers to get specific about the qualities that give a home this elusive quality. Here are a few distinct items to look for:G
Accessory dwelling units are increasingly being used by homeowners to add small secondary housing options on their property. These “granny flats” may be in the form of a converted garage or even a tiny home in an oversized backyard.As more municipalities look to grant permits for these structures, some hope the trend can help alleviate housing shortages. Many forms of guest houses were deemed illegal in California up until recently. But a n
Millions of homeowners are getting ready to rebuild damaged property now that Hurricanes Harvey and Irma have moved out of Florida, Texas, and other affected areas. But media reports warn of a new threat: storm scammers.“We’ve seen it after every significant disaster, and we don’t expect anything different once the Harvey-induced floods recede,” Frank Scafidi, spokesman for the nonprofit National Insurance Crime Bureau, told CNN.Indeed,
Homes sold quickly across the U.S. this summer. Properties that sold between May and July typically were on the market less than 31 days in 29 states and the District of Columbia, according to the July 2017 REALTORS® Confidence Index Survey.Fifty-one percent of properties that sold in July were on the market for less than a month. Only nine percent of properties were on the market for six months or longer, according to the report.Properties sol
A severe inventory shortage may be allowing your clients to believe selling their homes will be quick and easy. That can lead to sellers who believe that they can do less to prep their homes for the market and that buyers will still be willing to pay top dollar. But buyers are still fairly picky, and they will be quick to pass over an unsightly or outdated home.Lawrence Yun, chief economist at the National Association of REALTORS®, says that ma
Real estate professionals meet with a lot of different personalities in navigating complex transactions. Some home shoppers are a joy to work with, while others can make you want to scream. A recent realtor.com® article highlights some of the most difficult personalities you may encounter on the buy side, including:Serial lowballersAll buyers want to get a home at the absolute best price, but some take that too far. Rachel Foy, a real estate pro
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The Houston Association of REALTORS® has launched a housing section on its website to help victims of Hurricane Harvey find a temporary place to live. It allows real estate professionals, property owners, landlords, and property managers to post homes they will make available.Some of the homes posted may be available for free or reduced rent, depending on the owner, HAR notes. The HAR.com site will display properties for sale or lease across th
Fifty-nine percent of real estate professionals say staging a listing contributes to receiving higher offers from buyers, according to the National Association of REALTORS®’ 2017 Profile of Home Staging. Sixty-two percent of agents also say staging “slightly” or “greatly” decreases the time a listing spends on the market.The amount of money sellers stand to gain from staging their home is significant. Thirty-one percent of practitione
The impact immigrants have on U.S. real estate is growing, as 13 percent of the nation’s population—about 42 million people—hails from foreign countries, according to the National Conference of State Legislatures. “Immigrants are a big driving force for housing markets across the nation,” Kusum Mundra, an economics professor at Rutgers University in Newark, N.J., told realtor.com®. “Most want the American dream, which is to own a hom
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