Is the Real Estate Sky Falling?! Economist Weighs In…

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Buying a home, Home buying strategy, Homes for sale in Jacksonville, homes for sale in Jacksonville FL, Jacksonville FL Real Estate, Jacksonville Real Estate, Making an offer on a house, real estate, real estate advice, real estate information, Real Estate Team, real estate tips, The best real estate agent in Jacksonville

People often wonder if the “bubble” is going to burst, making home prices tumble. 

Sellers worry because it could mean one of (if not the) biggest asset they own could take a beating. Buyers on the other hand hope for some glimmer of deals on the horizon, and maybe a little less competition in the market. 

Well, according to a recent article from Yahoo, home prices will drop in the near future and “cause some pain.”

At face value, that sounds like good news for buyers, and painful news for sellers. But let’s unpack what’s being said in that article a little bit more thoroughly. Economist Robert Shiller is cited in the article saying:

• Prices will eventually drop, and that “They’ll come back down, not overnight, but enough to cause some pain.” (Key words being “eventually” and “some”.)
• He also stated that there’s no clear explanation for the “hot” market, but “expects it to continue for another year or two.”
• Lastly, he said that the current market is different from the crisis that caused the last bubble: “So it’s not the same as 2003. It could be stronger. I think we have better protections, we have better supervision of lenders. So I don’t know if we should be worried about 2007, 2008, 2009 happening again.”

In a nutshell, he’s saying prices will eventually come down, but not for a while, and maybe not all that much. 

So, how does this affect you, and what should you do?! 

• If you’re a homeowner who wants to sell your home and cash in on your equity for good (i.e. move in with family, to a retirement home, assisted living, or rent), you might want to consider selling in the next year or so, before a dip in prices may occur.
• If you’re a homeowner and have no plans on moving in the near future, say 5-7 years, none of this matters really. Historically, prices go down and then back up and ultimately higher than before. So, no worries.
• If you’re a buyer thinking about waiting for prices to drop, you may want to re-evaluate that approach. Rates are still historically low, and prices may not drop for another couple of years. And, when they do drop, who’s to say they won’t drop below the prices you’re seeing now? They could just drop to levels we haven’t even reached yet, but will see in 2022 or 2023.
• Let’s get started NOW! Kevin and Jennifer Hanley, REALTORS The Hanley Home Team of Keller Williams Realty Atlantic Partners Southside HanleyHomeTeam.com 904-515-2479 Team@HanleyHomeTeam.com

TOP TIPS FOR HOUSE HUNTING ONLINE

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home ownership, homes, homes for sale, Homes for sale in Jacksonville, real estate, renters

Photo by Pixabay on Pexels.com

Hunting for a new home online is a great place to start your search, but it should not be your end all be all. Good listing agents are excellent at highlighting the best features of the home, but keep in mind there may be more than meets the eye. To make the most of your time and efforts and gather a well-rounded picture of home listings online, keep the following three things in mind.

1. Stay up to date. When you start your search, make sure you find a site that pulls up-to-date listings directly from the multiple listing service (MLS) where real estate agents actively post their most current homes for sale. Many online resources update less often or fail to remove listings that are off the market, making it more difficult to sort through the clutter.
2. Pictures can be deceiving. Real estate photographers are experts at showing a home in the best possible light. Many use tools and strategies to boost appeal, such as a fisheye lens to make areas look larger and creative editing to make colors and textures really pop. But, often listings will not contain photos of unappealing parts of the home, like small closets or outdated bathrooms.
3. See it to believe it. Once you find what appears to be your dream home online, call up your real estate agent and schedule a showing. You want to take the opportunity to vet the home in person and explore every part of it before beginning the offer process. Your real estate agent will help you cover all your bases and will ask questions you may not have thought of.

Photo by rawpixel.com on Pexels.com

Have any questions or are you ready to start your new home search in 2019? Give us a call today!  Kevin and Jennifer Hanley, REALTORS Keller Williams Realty Atlantic Partners Southside. 904-515-2479

 

The Best Holiday Gift – A New House!

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holiday home, Homes for sale in Jacksonville, Jacksonville Real Estate, Real Estate Team, selling your home, selling your home during the holidays, selling your home in the fall, selling your home in the summer. summer real estate

By Stacey King, REALTOR

Summer is the time to sell your home, right?

You might think that from the stories out there. But the reality is that buyers are always looking for homes. You just need to find the right buyer.

During the summer, homes that are for sale usually see a significantly higher amount of traffic versus their fall and winter counterparts. Some buyers looking in the summer have the philosophy that if they find the “perfect” house and can move in before school starts, they’ll move. If they don’t, they won’t. There’s not a big sense of urgency. That leads to passive buyers flooding open houses, requesting showings and not submitting offers.

The fall is a different story.

After a small traditional dip at the beginning of September, things in the real estate industry pick up in time for fall. While there are fewer “lookey loos” checking things out but not making offers, the buyers who are looking are serious.
There are plenty of things to do during the weeks leading up to Halloween, Thanksgiving and the December holidays. A buyer who is taking time to look for homes is doing it for a reason — because they need to buy a home. Now.

For a seller, this is a winning combination. The buyers looking at your home are serious and ready to make offers, and there are fewer “passive” buyers walking through and taking a peek at your home when they’re not pressed to purchase a home. This means a reduced inconvenience for sellers accommodating showings, and more (often stronger) offers.

Is now the time to sell your home? Call the Hanley Home Team and we’ll walk you through it! http://www.HanleyHomeTeam.com 904-515-2479 Keller Williams Realty Atlantic Partners Southside

Are you Emotionally Ready to Sell?

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emotional, homes for sale, Homes for sale in Jacksonville, homes for sale in Jacksonville FL, motivated seller, ready to sell, real estate advice, sell your home, selling your home

We love to sell homes. It’s a privilege and an honor to be a part of the process. We get great satisfaction from making our living helping people move on to the next phase of their life, whether it’s upsizing, downsizing, or simply relocating to a new neighborhood.

But there is one sort of home seller we can’t really help: The seller who’s not really ready to sell.

If you’re thinking about selling your home, don’t enter into the process lightly. It’s a big deal. There’s some stress and there’s a great opportunity for joy. There’s a big investment at stake. This, along with a lot of other reasons large and small, is why you want to be 100% sure you’re ready to sell your home. If you think you’re ready to sell, but it turns out you’re not, you waste a lot of time and energy (and sometimes money).

So how do you know if you’re really ready to sell your home?

1. You’re fine with the process. You must have no problem with the idea of a stranger poking around your house, talking about renovating it, or treating it like a used car. If you’ve lived in your house a long time, it’s natural to have emotional attachments. So if the process of selling the house makes you feel protective or defensive, you may not be ready.

2. You are flexible on the right price. Motivated sellers understand selling a home involves negotiation and competitive market pricing. If you have a number “you must get” in order to sell, then you might want to think again. Also, if all of the agents who price your home come back too low for your standards, take a breather and ask yourself if it’s go time or not.

3. You know where you’re going next. Prepared sellers have plans, even if those plans aren’t 100% firm. They’re anticipating the move and they are probably even shopping for houses, if only casually at the moment. If you can’t clearly answer the question, “Where would you like to live after you sell?” then you’re not quite there yet.

If you’re iffy on any of these, take a step back and consider how you feel. While some markets favor sellers more than others, a home can sell in any market for the right price. Don’t jump into something before you’re ready.

However, when you’re ready, we’re happy to help. Give us a call when the time is right:

Kevin and Jennifer Hanley, REALTORS The Hanley Home Team of Keller Williams Realty Atlantic Partners Southside 904-515-2479 http://www.HanleyHomeTeam.com

Baby-Proof your Home

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Baby Friendly, baby proof your home, baby proofing, home improvement, home safety, homes for sale, Homes for sale in Jacksonville, homes for sale in Jacksonville FL

You may not have kids right now, but chances are you may be entertaining guests one day who do. You can put your guests at ease and do your best to protect their little ones from harm by investing in some modest pre-visit baby proofing. Here are some sound strategies to make their visit low-stress and safe:

Mind the Power and Appliances
Outlets are enemy #1. Baby fingers are like magnets for electricity, so splurge on some plastic outlet covers which fit snugly into those empty sockets. If you have any multi-socket power strips around, be sure to cover those as well (or elevate them out of harm’s reach). Depending on the age of your youngest visitors, some may be able to reach knobs and buttons on appliances like your stove. Exploring hands can accidentally turn on the gas, so if you think your kitchen will be vulnerable, invest around $10 on stove knob covers.

Make Some Rooms Off-Limits
It may not be practical to baby proof every inch of your house, so make certain zones baby-free by using gates. Sturdy, simple, pressure-mounted gates will protect certain passages and prevent you from making any permanent holes in your wall. Alternately, use door knob covers to make even unlocked rooms less likely to be prone to an infant invasion.

Fight Falling Objects
Babies are all about testing gravity, and as they try to bring themselves upright, they’re liable to tug on anything within arm’s reach. This might include your entertainment center, bookshelf, floor lamps, or other furniture. Are there any precarious pieces which might tumble down and seriously injure a child? Consider pieces on top of shelves (like decorative glassware) which could be shaken down through modest force.

Curtail the Cords
Power cords and curtain (or blind) cords can cause falls, entanglement, or even strangulation. Tie these up out of the way or too high for a baby to reach from the floor.

Get Down and Look Around
A baby will put anything in its mouth. That will include choking hazards, dropped medications, or stray chemicals such as rat poison or cleaners. Shift your perspective to the floor and look for anything suspicious.

Some homes are more kid-friendly than others. If you’re looking for a great home for little ones, we can help you find one today!: Kevin and Jennifer Hanley, REALTORS The Hanley Home Team of Keller Williams Realty Atlantic Partners Southside – 904-515-2479 http://www.HanleyHomeTeam.com

Real Estate’s Potential for the Greatest Good

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Homes for sale in Jacksonville, real estate, real estate consultant, real estate information, real estate investing, real estate jacksonville fl, Real Estate Team, real estate tips, The Greatest Good

“The greatest good you can do for another is not just to share your riches but to reveal to him his own.”

-Benjamin Disraeli (1804-1881); Prime Minister of the United Kingdom

What does it mean to reveal a person’s riches to themselves? What is the mechanism by which you can even accomplish such a thing? And what does it have to do with your real estate agent?

Quite a bit!  A real estate agent has the power to reveal their clients’ self-possessed riches.

One, a good agent will help clients see how a home is an investment in their future. That they are investing in themselves, and the decision to do so is a mark of their own wisdom.

Two, a good real estate agent helps guide clients through an emotionally fraught transaction, which often shows they have deeper reserves of self-confidence and strength that they may have overlooked in the past.

Three, a real estate agent helps foster a sense of trust and interdependency — that we can, in this world, rely on others to represent our best interests, and that we are not in a perpetual state of “king of the mountain” and abject self-reliance. A client with a good agent has both a friend and a professional ally.

Whether you’re buying your first house or selling your home, there’s both a tangible, bottom-line difference when working with an agent, as well as valuable intangible benefits. For us, it’s a great privilege to be a professional part of that process!

We’d love the opportunity to “the greatest good” on your behalf.  Now is a great time to make your next move: Kevin and Jennifer Hanley, REALTORS The Hanley Home Team of Keller Williams Realty Atlantic Partners Southside 904-515-2479 http://www.HanleyHomeTeam.com

Aging in an Accessible Home

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Aging, Aging in an accessible home, aging parents, downsizing, home accessibility, Homes for sale in Jacksonville, homes for sale in Jacksonville FL, homes in Jacksonville, Real Estate Team

If you love your home and plan to live it in through your retirement years, you’ll want to be sure it’s safe for you as you face some of those little challenges aging presents. Assess your home and see if there are any changes you may need to make. Doing so will not only reduce the risk of injury, but it will also give your loved ones peace-of-mind, especially if you live alone.

Here’s what you’ll want to inspect as you consider aging in place:

1. Bathroom handrails. Next to the toilet and tub are top choices. Not only are they there for moments of instability, but they can help you raise and lower yourself more easily. You might also consider converting to a walk-in shower with a seat.

2. Non-slip surfacing. Showers and tubs are much safer if you reduce the chance of slippage. Having coating installed to facilitate your grip is a good idea.

3. Stairway railings. Both inside and outside stairways should have sturdy, useful rails (i.e. not just decorative).

4. Ample lighting. Consider adding lighting indoors and outdoors. Decreased visibility is a major contributor to falls. Lighting also adds security by deterring would-be burglars.

5. Sharp edges. Tables, countertops, and other areas were sharp edges are likely to be found should be replaced with rounded surfaces.

6. Flat thresholds. Transitions from room-to-room should be as bump-free as possible. You may be used to stepping over the occasional random stair or elevated threshold, but you might not be so agile as you age.

7. Storage height. If you’ve been used to climbing up and down step ladders to access your storage spaces, look for alternative storage options.

8. Furniture support. Is your couch too low? Do your chairs have arm rests for support? Are countertops too high? Find the sweet spot where comfort and safety meet.

Home size is often an issue as well, especially if there are upkeep and maintenance issues to consider. Of course, if you’ve decided your current home isn’t the greatest for an age-in-place approach to your golden years, we are happy to help you sell your current home or look for a new one:  Kevin and Jennifer Hanley, REALTORS – http://www.HanleyHomeTeam.com 904-515-2479 The Hanley Home Team of Keller Williams Realty Atlantic Partners Southside

Tips for Adding a Bathroom to your Home

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adding a bathroom, adding a bathroom to your home, bathroom addition, contractors, home renovations, Homes for sale in Jacksonville, homes in Jacksonville, Jacksonville FL Real Estate, Jacksonville Real Estate, real estate, real estate information, real estate investing, Real Estate Team, renovation

Have you been living with a single-bathroom home? Is the time here to consider adding an extra full-bathroom or “water closet” to your existing layout? First, know that of all the renovations you can make to a single-bathroom home, adding an extra bathroom is one of the soundest investments you can make. With rare exception, the money you put into a second bathroom should pay handsomely when you list your house in the future. The bathroom is one of the most-used rooms in your home and it can have a profound impact on how prospective buyers see your home in the future once you’re ready to move on. If you’ve been curious about the process or want to make the leap two a two-bathroom home without relocating, you’ll want to keep some tips in mind about this special renovation project.

1. Think about where you can add a bathroom versus where you think it’s ideal. You’ll want to identify where your existing water and waste lines are in the home. Adding a bathroom across the house ups the complexity and expense.

2. Single-story homes with crawl spaces have a bit more flexibility for adding a bathroom since crawl spaces provide easy access for running plumbing lines. If you have a two-story house, aligning your new bathroom (either upstairs or down) with your existing one can ease plumbing challenges.

3. Adding a tub can add value, especially if you suspect future buyers might have children.

4. Natural light and ventilation are a big plus. While fans are common and should be installed, being able to draw in sunlight or air out a bathroom via an exterior wall can really upgrade the luxury feel.

5. Always get the proper permits for work and only collaborate with licensed and bonded contractors. You want to make sure you’re covered in the event of any problems and you’ll definitely want to be able to show future buyers that your work is legit and up to code.

6. Choose high-end design fixtures where possible, especially if the bathroom is small. Innovative luxury options can make the room feel larger and really add that “wow” factor. Some nice-to-have options include a towel warmer and separating the toilet from the rest of the room via a “water closet” partitioning. Go with neutral palettes and classic tiles for a timeless effect. You can always jazz up the space with rugs, towels, or other bath accessories.

If adding a bathroom sounds like more hassle than it’s worth, you might want to consider your next move! We’d be happy to help you find a home with your dream bathroom already included! Kevin and Jennifer Hanley, REALTORS – The Hanley Home Team of Keller Williams Realty Atlantic Partners Southside 904-515-2479 www.HanleyHomeTeam.com

Protecting your Pipes in Winter

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cold temperatures, cyclone bomb, Homes for sale in Jacksonville, protecting pipes, protecting pipes in the winter, protecting your home, real estate, real estate in Jacksonville, snow

Hey Jacksonville (and the rest of the United States), this article may come in handy right now! Don’t risk thousands of dollars in plumbing repairs… take the time to protect your pipes from bursting. When water freezes in your pipes, the ice expands, adding to the overall pressure in your home’s plumbing. When this force builds, it can cause pipes to split. In addition to plumbing repairs, you might find yourself on the hook for flooding damage, too.

The pipes most at risk? Those exposed to the lowest temperatures, of course. This includes plumbing on the exterior of the home, in exterior walls, and exposed pipes in those unheated zones of your home. Did you know that even a frozen garden hose can cause enough pressure to split an interior pipe? Be sure to disconnect and drain them. Faucets outside are vulnerable as well, so you’ll want to locate the shutoff valves for those spigots and make sure they’re drained before a freeze.

Naturally, if you’re not going to be around for the winter months, you’ll want to prepare your home before you head to a warmer climate. Don’t let the house drop below the mid-50s, and shut off the water main and be sure to drain the home’s plumbing by letting the faucets run to empty and flushing the toilets.

But what do you do if the freeze takes you by surprise? Here are some quick tips to try and save yourself from a plumbing nightmare:

1. Get the taps running. You don’t need a rushing stream of water, just make sure indoor and outdoor faucets are letting a steady drip out to keep the water moving.

2. Open up closed spaces. Have an unheated garage? Pipes in cabinets? Get warm air circulating in there by opening them up to climate-controlled areas of your home. The added heating expense is nothing compared to costly repairs.

3. Insulate pipes. If you suspect the pipes are starting to accumulate some ice, you can try hot towels (soaked in hot water) to loosen the frosty slush in the pipes.

4. Hair dryer to the rescue. When hot towels won’t help, don’t hesitate to get out your trusty hairdryer or heat gun to thaw things out. No open flames, though!

Finally, if you fear the worst is already upon you, turn off your water main. At least this way you won’t face a flood when things get moving again. Protect your home this winter!

Enjoy helpful home tips? Let us know and we’ll include you on our free, periodic mailings: Kevin and Jennifer Hanley, REALTORS The Hanley Home Team of KellerWilliams Realty Atlantic Partners http://www.HanleyHomeTeam.com 904-515-2479

 

The Best Holiday Gift – A New House!

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holiday home, Homes for sale in Jacksonville, Jacksonville Real Estate, Real Estate Team, selling your home, selling your home during the holidays, selling your home in the fall, selling your home in the summer. summer real estate

By Stacey King, REALTOR, The Hanley Home Team

Summer is the time to sell your home, right?

You might think that from the stories out there. But the reality is that buyers are always looking for homes. You just need to find the right buyer.

During the summer, homes that are for sale usually see a significantly higher amount of traffic versus their fall and winter counterparts. Some buyers looking in the summer have the philosophy that if they find the “perfect” house and can move in before school starts, they’ll move. If they don’t, they won’t. There’s not a big sense of urgency. That leads to passive buyers flooding open houses, requesting showings and not submitting offers.

The fall is a different story.

After a small traditional dip at the beginning of September, things in the real estate industry pick up in time for fall. While there are fewer “lookey loos” checking things out but not making offers, the buyers who are looking are serious.
There are plenty of things to do during the weeks leading up to Halloween, Thanksgiving and the December holidays. A buyer who is taking time to look for homes is doing it for a reason — because they need to buy a home. Now.

For a seller, this is a winning combination. The buyers looking at your home are serious and ready to make offers, and there are fewer “passive” buyers walking through and taking a peek at your home when they’re not pressed to purchase a home. This means a reduced inconvenience for sellers accommodating showings, and more (often stronger) offers.

Is now the time to sell your home? Call the Hanley Home Team and we’ll walk you through it! http://www.HanleyHomeTeam.com 904-515-2479 Keller Williams Realty Atlantic Partners Southside