Buying • Selling • November 12, 2024

Real Estate and the Magic Ball for 2025

by Jonathan Peachey

The real estate market can feel like a maze, with prices, interest rates, and property types constantly shifting. Whether you’re a first-time homebuyer, an investor, or simply someone curious about the industry, understanding the trends and dynamics that shape the real estate market is essential to making informed decisions. In this blog, we’ll dive deep into the key factors influencing real estate in 2025 and offer insights into how you can navigate the market with confidence.

1. Current Trends in Real Estate: What to Expect in 2025

As we move further into 2024, the real estate market continues to be affected by a variety of factors, from economic conditions to changing buyer preferences. Let’s take a look at some of the major trends:

A. Mortgage Rates and Financing Trends
Mortgage rates have been on a rollercoaster ride over the past few years, and 2025 is no exception. The Federal Reserve’s stance on interest rates will likely influence borrowing costs, and while rates may not dip significantly, they are expected to stabilize. For homebuyers, this means that affordability will be a major factor to consider. Rising mortgage rates may lead some buyers to opt for smaller homes or less expensive locations to compensate for higher monthly payments.

B. Remote Work and Urban Exodus
The COVID-19 pandemic forever changed how people think about where they live, with many workers opting for remote or hybrid work. This trend continues to shape the market, as people move away from crowded cities to suburban or rural areas where they can get more space for their money. In 2025, we’re likely to see more people embracing flexible work locations and choosing homes in less densely populated areas.

C. Rising Demand for Sustainable and Smart Homes
As sustainability becomes a bigger priority for buyers, there is an increasing demand for eco-friendly homes. From energy-efficient appliances to solar panels and smart home technology, homeowners are looking for features that minimize environmental impact and reduce utility costs. In 2025, homebuyers will continue to prioritize sustainability and energy efficiency, especially in the wake of growing environmental concerns.

D. The Luxury Market
Despite economic uncertainty, the luxury real estate market remains strong in many regions. High-net-worth individuals are continuing to seek exclusive properties, often in desirable locations such as coastal areas, ski resorts, or major metropolitan cities. These buyers are looking for unique homes with luxury amenities, larger lots, and privacy.

2. How Real Estate Investors Are Adapting to Market Shifts

Real estate investors are facing both challenges and opportunities in the current market. Here are some key strategies investors are using in 2025:

A. Focus on Rental Properties
With homeownership becoming less affordable for many, rental properties are seeing strong demand. Investors are capitalizing on this trend by purchasing single-family homes or multi-family units to rent out. Given the limited housing inventory in many areas, renters are more likely to remain in the market for longer periods, ensuring steady cash flow for property owners.

B. Vacation and Short-Term Rentals
Platforms like Airbnb and VRBO have made short-term rentals a lucrative option for investors, and this trend is expected to continue into 2025. Buyers looking to invest in vacation rental properties can generate a significant income, especially in tourist-heavy regions or popular vacation destinations. However, it’s important to stay informed about local regulations that may impact short-term rental markets.

C. Real Estate Investment Trusts (REITs)
For investors who don’t want to deal with the hands-on management of physical properties, REITs (Real Estate Investment Trusts) are an attractive option. These are publicly traded companies that own, operate, or finance income-producing real estate. With the diversification that REITs offer, they can be an effective way for investors to gain exposure to real estate without the risks and responsibilities of direct property ownership.

3. How to Navigate the Homebuyer Market in 2025

For those looking to buy a home in 2024, it’s essential to be strategic and prepared. Here are some tips to help you succeed in this competitive market:

A. Get Pre-Approved for a Mortgage
In a competitive market with rising interest rates, securing mortgage pre-approval is more important than ever. It shows sellers that you are a serious buyer and helps you understand exactly how much you can afford. Being pre-approved can also give you an edge when competing with other buyers, especially in tight inventory markets.

B. Do Your Homework on Local Market Conditions
Real estate is highly local, so it’s crucial to understand the trends and conditions specific to your desired area. Are home prices on the rise or holding steady? Is there a lot of new construction coming online, or is the inventory tight? Work with a local real estate agent who understands your area and can help you navigate the specifics of your market.

C. Consider the Long-Term Investment
While it’s easy to get caught up in the excitement of buying your dream home, it’s important to consider the long-term value of your purchase. Is the neighborhood growing? Are there future developments that could increase property value? Think beyond immediate needs and focus on the investment potential of the property.

D. Be Ready to Move Quickly
In a fast-paced market, you may need to act quickly when you find the right property. Homes are selling faster in many areas, and delays could mean losing out on the perfect home. Having your finances in order, knowing your budget, and being ready to make an offer quickly will give you a competitive edge.

4. The Future of Real Estate: What Lies Ahead?

While it’s impossible to predict exactly what will happen in the next few years, certain trends are expected to continue shaping the future of real estate:

– Technology and AI: From virtual home tours to AI-powered pricing models, technology will continue to play a larger role in real estate. Expect to see more tools that streamline the buying and selling process and provide more accurate market data.

– Affordable Housing: As the affordability crisis continues, there will likely be increased focus on policies and solutions that address the need for affordable housing, including zoning changes, government incentives, and new construction projects aimed at addressing the housing shortage.

– Demographic Shifts: As millennials and Gen Z enter the home-buying market, their preferences will continue to shape demand. These younger generations value walkability, sustainability, and digital integration in their homes.

5. Conclusion

The real estate market in 2025 presents both challenges and opportunities. For homebuyers, it’s essential to stay informed about interest rates, market trends, and your personal financial situation. Investors must be agile and adapt to changing demands for rental properties, sustainable homes, and alternative investment vehicles like REITs. No matter where you stand in the real estate world, one thing is clear: staying ahead of trends and being prepared are key to navigating the market successfully.

Whether you’re buying, selling, or investing, understanding the market dynamics in 2025 can set you up for success in the ever-evolving world of real estate.

Events and Ideas • November 5, 2024

Quirky Holiday Traditions That Aren’t Traditional

by Jonathan Peachey

The holiday season is full of rituals, whether it’s decorating the tree, cooking elaborate feasts, or exchanging gifts. But while we all know about the classic traditions, there’s a world of quirky, offbeat customs that families and communities have created to bring a unique twist to the season. Some of these might seem strange, but they’re guaranteed to spark joy, laughter, and a little extra holiday cheer. Here are some fun and unexpected holiday traditions from around the globe and beyond that aren’t your typical Christmas or Hanukkah fare—but perhaps they should be!

1. The Yule Lads (Iceland)

Forget about the jolly old man in red—meet the Yule Lads! These 13 mischievous figures are part of Icelandic folklore and serve as an alternative to Santa Claus. Instead of arriving on Christmas Eve, the Yule Lads make their way to homes throughout December, one by one, each arriving on a different night. However, they aren’t exactly bringing presents like Santa. The Yule Lads are known for their quirky and often naughty behaviors. For example, there’s “Spoon-Licker,” who steals wooden spoons, and “Door-Slammer,” who makes a racket by slamming doors at night. It’s a quirky way to keep kids on their toes during the holiday season—and one that could add a bit of chaos (and fun) to your own holiday traditions.

2. The Great Canadian “Polar Bear Club” Dive

If you’re in Canada (or certain parts of the U.S.), you might find a group of brave souls who take part in a chilly tradition: the Polar Bear Plunge. Held on New Year’s Day, this tradition involves jumping into freezing cold waters, often in a lake or the ocean, to ring in the new year. While it’s not for the faint of heart (or anyone who values warmth), it’s a tradition that has spread in popularity, with people in snowy cities like Toronto, Calgary, and Vancouver gathering to take part. The crazier, the better! After the plunge, participants warm up with hot cocoa, creating a festive, adrenaline-fueled, and entirely unique holiday experience.

3. La Befana (Italy)

In Italy, Santa Claus has a little competition from La Befana, a kindly old witch who visits children on Epiphany Eve (January 5). Legend says that La Befana was invited by the Three Wise Men to follow them to Bethlehem to see the baby Jesus. However, she was too busy cleaning her house to go along, and when she later decided to catch up, she couldn’t find the way. Ever since, she’s been flying on her broomstick, delivering gifts to children on the eve of January 6. Unlike Santa, La Befana doesn’t rely on reindeer—she’s all about the broomstick. Children leave out stockings or shoes for her, and she fills them with treats. But beware: if you’ve been naughty, you might find a lump of coal instead of candy.

4. The “KFC Christmas Dinner” (Japan)

In Japan, Christmas isn’t widely celebrated in the same way it is in Western countries. However, one quirky tradition that has taken off in recent years is the consumption of KFC for Christmas dinner. This custom began in the 1970s when KFC launched a successful marketing campaign promoting fried chicken as a festive Christmas meal. Now, many Japanese families order KFC for Christmas Day, often making it a special part of the holiday meal. It’s such a big deal that people will book their orders weeks in advance to ensure they get their crispy, golden chicken fix. For anyone who loves both holidays and fast food, this is a tradition worth adopting.

5. The Festival of Unusual Trees (Germany)

In some parts of Germany, the holiday season isn’t just about the usual pine trees or Christmas trees. The Festival of Unusual Trees in the town of Oberursel showcases some of the most peculiar and creative tree decorations ever imagined. From upside-down trees to trees made entirely of recycled materials, this quirky tradition encourages families to experiment with their holiday decor in unconventional ways. Imagine a tree made entirely out of books, or one shaped like a snowman. It’s a fun way to challenge tradition and let your imagination run wild.

6. The “Giant Lantern Festival” (Philippines)

The Giant Lantern Festival in San Fernando, Pampanga, Philippines, is a dazzling display of lights that happens every December. But what makes it quirky? The competition! Local villages craft enormous, intricate lanterns that can be as large as 20 feet in diameter, and they’re often made of colorful materials like paper, bamboo, and even recycled plastic. These lanterns are then paraded through the streets in a vibrant contest to see who can create the most beautiful, intricate design. It’s like a blend of a light show, a competition, and a celebration of Filipino artistry—one of the most spectacular and quirky light festivals in the world.

7. The “Tió de Nadal” (Catalonia, Spain)

In Catalonia, Spain, there’s a truly bizarre holiday tradition that involves a wooden log. Tió de Nadal, or the “Caga Tió” (literally, “pooping log”), is a wooden figure of a log with a painted face and a red hat. On Christmas Eve, children “feed” the log over several days and then, on Christmas day, they hit it with sticks while singing a special song to “encourage” it to “poop” out small gifts and sweets. The tradition stems from an old pagan custom of bringing in the log to ensure a good harvest, but today it’s just an odd and amusing way to engage children in the holiday fun.

8. St. Lucia’s Day (Sweden)

In Sweden, **St. Lucia’s Day**, celebrated on December 13, has become a key part of the Christmas season. But it’s not just about lighting candles—it’s about transforming into an angelic procession of young girls dressed in white robes with red sashes, wearing crown-like headpieces adorned with candles. The leading girl is known as “Lucia,” and she brings warmth, light, and music to dark winter nights. The tradition is quirky in its symbolism of light overcoming darkness, and it adds an ethereal, almost magical feeling to the holiday season. Some families in Sweden also serve saffransbullar (saffron buns), adding a sweet touch to the day.

9. The Krampus Run (Austria)

In Austria and parts of Germany, the **Krampus Run** is a chilling and fun tradition. Krampus is a horned, half-goat, half-demon figure who is said to punish bad children during the Christmas season, alongside Saint Nicholas. On December 5th, towns hold a Krampuslauf, or Krampus Run, where people dress up as Krampus in terrifying costumes and parade through the streets, frightening onlookers with their growls and clanging cowbells. The tradition is a bizarre, thrilling counterpoint to the cozy and sweet holiday norms of gift-giving. It’s a great way to embrace the spooky side of the season.

10. Fesitval of the Three Kings (Mexico)

In Mexico, the tradition of El Día de Reyes, or Three Kings Day, on January 6, celebrates the arrival of the Wise Men bearing gifts for baby Jesus. Families celebrate with a special bread called Rosca de Reyes, a round sweet bread decorated with candied fruits. Hidden inside the bread are small figurines of the baby Jesus. Whoever finds one must host a party on February 2nd for Candlemas. It’s a quirky way to keep the holiday spirit alive even after the Christmas tree comes down, and it gives families one last chance to gather and share a meal together.

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Embrace the Unconventional!

The holiday season is about making memories, so why not break from the typical traditions and try something a little more unexpected? Whether it’s sharing a festive meal of fried chicken or participating in a run with a scary mythical creature, these quirky traditions add a touch of fun and excitement to the season. So this year, why not mix it up and start your own unconventional holiday tradition? You might just create something your family will cherish for years to come!

Buying • Selling • October 29, 2024

Embracing Fall: The Perfect Time to Buy or Sell Your Home

by Jonathan Peachey

As the leaves begin to change and the air turns crisp, fall presents a unique opportunity in the real estate market. Whether you’re considering buying or selling, this season offers distinct advantages that can help you achieve your goals. Here’s why fall is an ideal time to make your move in real estate.

1. Motivated Buyers and Sellers

As summer vacations wind down and families settle back into their routines, the real estate market sees a surge of motivated buyers and sellers. Buyers looking to close before the holidays often feel a sense of urgency, while sellers are keen to capitalize on this interest. This dynamic can lead to more competitive offers and faster sales.

2. Less Competition

While spring and summer are traditionally busy times in real estate, fall tends to see fewer listings. This decrease in inventory can work to your advantage—whether you’re selling a home with fewer competing properties or finding a home in a less crowded market.

3. Favorable Weather for Showings

Fall weather can be perfect for home showings. The cooler temperatures make it comfortable to tour homes, and the beautiful fall scenery can enhance curb appeal. Sellers can highlight cozy features like fireplaces and warm interiors, while buyers can envision themselves enjoying the space during the holiday season.

4. Year-End Financial Benefits

For buyers, purchasing a home before the year ends can come with financial benefits. Mortgage interest rates often fluctuate, and securing a lower rate can lead to significant savings over the life of the loan. Additionally, homebuyers may benefit from tax deductions related to mortgage interest and property taxes when they close before December 31.

5. Opportunity for Negotiation

As the market slows down, both buyers and sellers may find more room for negotiation. Sellers may be more willing to entertain offers or make concessions to close a deal before the year ends. For buyers, this can mean a better price or added incentives like repairs or closing cost assistance.

6. The Holiday Season is Coming

As the holidays approach, many buyers prefer to be settled into their new homes. This can create a sense of urgency for those looking to buy. Sellers can leverage this by highlighting how their home would be perfect for hosting holiday gatherings, showcasing features like spacious kitchens and inviting living rooms.

7. The Emotional Appeal of Fall

The fall season brings an emotional resonance that can enhance the home-buying experience. The sense of coziness and warmth associated with autumn can make properties feel inviting and desirable. Sellers can stage their homes with fall decor to create that warm, welcoming atmosphere that resonates with potential buyers.

Conclusion

As we embrace the beauty of fall, it’s an excellent time to consider your real estate goals. Whether you’re looking to buy your dream home or sell your property, the unique advantages of this season can help you navigate the market with confidence.

If you have questions about the current real estate landscape or want to explore your options, don’t hesitate to reach out. Let’s make the most of this beautiful season together!

Events and Ideas • October 23, 2024

Remodeling a Bathroom for Under $1000

by Jonathan Peachey

Photo of a bathroom with dark green tile and a wooden vanity with white walls and a skylight, a black and white tile floor frame the photo

Remodeling a bathroom can often feel overwhelming, especially with the potential for costs to skyrocket. However, with a budget of $1000, you can achieve a refreshing transformation without breaking the bank. Here are some practical strategies to revitalize your space affordably.

1. Set Clear Priorities

Before diving into the remodel, identify what you want to change. Is it the outdated fixtures, tired tiles, or lack of storage? Focus on areas that will have the most impact for the least cost. Setting clear priorities will help you allocate your budget effectively.

2. Freshen Up the Paint

One of the simplest and most cost-effective ways to rejuvenate a bathroom is with a fresh coat of paint. Choose moisture-resistant paint in light colors to make the space feel larger and more inviting. You can expect to spend around $30 to $50 on paint and supplies.

3. Update Fixtures

Swapping out old fixtures like faucets, towel bars, and light fixtures can dramatically enhance the look of your bathroom. Look for affordable options at big-box retailers or online. You can typically find stylish faucets for around $50 to $100 each. Remember to consider the finish; brushed nickel and matte black are currently trending.

4. Refinish or Paint Cabinets

If your bathroom cabinets are looking worn, consider refinishing them instead of replacing them. Sanding down and repainting can breathe new life into old cabinets. For a sleek look, opt for a bold color or a classic white. Expect to spend about $100 to $200 on supplies, including paint and brushes.

5. Accessorize Smartly

New accessories can make a huge difference without a significant investment. Consider adding a stylish shower curtain, new towels, a decorative rug, and modern storage solutions. You can find affordable options for around $100 in total.

6. DIY Tile Alternatives

Replacing tile can be expensive, but there are budget-friendly alternatives. Peel-and-stick vinyl tiles are an excellent option for a DIY project. They’re easy to install and can mimic the look of high-end materials. You can cover a small bathroom floor for about $100 to $200.

7. Lighting Matters

Updating your lighting can transform the mood of your bathroom. Consider replacing outdated fixtures with modern designs. Additionally, adding mirrors with built-in LED lighting can enhance brightness and the sense of space—budget around $100 to $200 for lighting upgrades.

8. Smart Storage Solutions

Clutter can make a bathroom feel cramped and chaotic. Invest in clever storage solutions like floating shelves, under-sink organizers, or decorative baskets. These can usually be found for under $100 and help keep your bathroom organized and stylish.

9. Clean and Declutter

Sometimes, a simple cleaning and decluttering can work wonders. Remove unnecessary items and give surfaces a good scrub. A clean, organized space often feels like a remodel. This step is virtually cost-free but immensely impactful.

10. Consider Temporary Fixes

If your tub or shower shows signs of wear, consider refinishing it or using a tub liner. These solutions are less costly than full replacements and can improve the overall appearance of your bathroom.

Conclusion

Remodeling your bathroom on a budget doesn’t have to be daunting. By prioritizing your changes, focusing on DIY solutions, and investing in strategic updates, you can create a fresh and inviting space for under $1000. Embrace your creativity and make the most of your remodel—your dream bathroom is within reach!

Here are some more great blog posts to get your creative juices flowing!

How to Remodel your Bathroom for Under $1000Homes.comhttps://www.homes.com › Blog home › Homeownership

https://www.sherwin-williams.com/en-us/color/color-of-the-year/2025

https://www.architecturaldigest.com/gallery/inspiring-bathrooms-archives-slideshow

Events and Ideas • October 16, 2024

Fall Outdoor Home Maintenance: A Comprehensive Guide

by Jonathan Peachey

As the vibrant colors of autumn begin to paint the landscape, it’s not just a signal for cozy sweaters and pumpkin spice lattes; it’s also the perfect time to prepare your home for the winter months ahead. Fall outdoor maintenance is crucial in ensuring that your home remains safe, functional, and beautiful throughout the colder seasons. Here’s a comprehensive guide to help you tackle those essential tasks.

1. Clean Your Gutters

One of the most important fall maintenance tasks is cleaning your gutters. Leaves and debris can accumulate quickly, leading to clogs that cause water to overflow. This can damage your roof, siding, and foundation.

Tip: Use a sturdy ladder and gloves. Consider installing gutter guards for easier maintenance in the future.

2. Inspect Your Roof

Before the winter snow hits, inspect your roof. Look for missing or damaged shingles and any signs of wear around chimneys and vents.

Tip: If you’re uncomfortable doing this yourself, hire a professional to assess the roof’s condition.

3. Prepare Your Lawn and Garden

Fall is an ideal time to prepare your lawn for the winter. Rake up fallen leaves to prevent them from smothering the grass. Aerate your lawn to allow nutrients and water to penetrate the soil more effectively.

Tip: Consider overseeding your lawn with cool-season grasses to ensure a lush green lawn come spring.

4. Winterize Your Irrigation System

Before the temperatures drop, be sure to winterize your irrigation system to prevent pipes from freezing. Drain the system, remove any hoses, and store them in a dry place.

Tip: Don’t forget to insulate any exposed pipes with foam insulation or heat tape.

5. Check Your Outdoor Lighting

As the days get shorter, it’s important to ensure that your outdoor lighting is functioning properly. Check for burnt-out bulbs and replace them to keep your home well-lit and safe.

Tip: Consider switching to energy-efficient LED bulbs to save on energy costs.

6. Inspect and Store Outdoor Furniture

If you have outdoor furniture, give it a good cleaning and inspect for any repairs needed. Store items in a dry place to protect them from the elements. If you can’t store them, invest in high-quality outdoor covers.

Tip: Use a mild soap solution to clean your furniture, and let it dry completely before covering it.

7. Check Your Fencing and Gates

Autumn is a good time to inspect your fencing and gates. Look for any loose boards or rusted hinges that may need repairs. A sturdy fence helps protect your property and provides a secure space for pets and children to play.

Tip: Treat wooden fences with sealant or paint to protect against moisture and rot.

8. Prepare Your Fireplace and Chimney

As you prepare for cozy nights by the fire, don’t forget to inspect your fireplace and chimney. Schedule a professional cleaning and inspection to ensure there are no blockages or creosote buildup.

Tip: Keep a fire extinguisher nearby and always use a screen to contain sparks.

9. Store Seasonal Decorations

If you have seasonal decorations, like pumpkins and other fall decor, remember to store them properly to extend their life. Clean and pack them away in labeled bins to make next year’s decorating easier.

Tip: Take inventory of decorations that may need replacing or updating.

10. Plan for Winter

Lastly, start thinking about winter. Stock up on essentials like salt for your walkway, firewood for the fireplace, and any necessary supplies for snow removal.

Tip: Create a winter maintenance checklist to keep track of tasks as the season progresses.

Conclusion

Taking the time to tackle these fall outdoor maintenance tasks can save you time, money, and stress in the long run. Not only will your home be prepared for winter, but you’ll also enjoy a beautiful outdoor space as the leaves fall and the air turns crisp. Embrace the season, and happy maintaining!

Events and Ideas • October 8, 2024

Fall in Real Estate: Embrace the Season with Exciting Activities

by Jonathan Peachey

As the leaves turn vibrant shades of red, orange, and gold, fall transforms neighborhoods into picturesque landscapes. For those in the real estate market, this season offers a unique opportunity to explore and engage with the community. Whether you’re a homeowner, a prospective buyer, or an agent, there are plenty of activities to enjoy that can enhance your appreciation of the local area and even benefit your real estate endeavors.

1. Attend Local Fall Festivals

Many communities host fall festivals that celebrate the season with food, crafts, and entertainment. These events not only provide a fun day out but also allow you to connect with neighbors and local businesses. If you’re in the market for a new home, attending these festivals can give you a feel for the community vibe and the people who live there.

2. Go Apple Picking or Visit a Pumpkin Patch

Nothing says fall like a visit to an apple orchard or a pumpkin patch. These family-friendly activities are perfect for creating lasting memories. As you explore local farms, you can also take the opportunity to learn more about the area’s agricultural heritage and what makes it unique. If you’re a real estate agent, consider hosting a client appreciation event at one of these locations!

3. Explore Scenic Hiking Trails

Fall is the perfect time to hit the trails. The crisp air and stunning fall foliage make hiking a delightful experience. Many areas have local parks or nature reserves where you can enjoy the beauty of the season. For those looking to buy a home, being close to nature can be a significant draw, so take note of the nearby hiking opportunities.

4. Visit Local Farmers’ Markets

Farmers’ markets are abundant in the fall, offering fresh produce, artisanal goods, and seasonal treats. These markets are great for meeting local farmers and artisans while also supporting the community. If you’re selling a home, showcasing the local farmers’ market can be a selling point, highlighting the area’s commitment to local businesses and healthy living.

5. Participate in Community Service Events

Fall is a wonderful time to give back to your community. Many organizations host food drives, park clean-ups, or charity runs during this season. Getting involved not only benefits those in need but also helps you meet fellow community members and potential clients. Building relationships through service can lead to valuable networking opportunities in real estate.

6. Host or Attend a Home Tour

With the real estate market often slowing down in fall, consider organizing a home tour in your neighborhood. This can be a fun way to showcase homes for sale and encourage local residents to explore new listings. It also provides a relaxed environment for potential buyers to connect with agents and learn about the market.

7. Enjoy Seasonal Events and Workshops

Many local businesses and community centers offer seasonal workshops, from crafting to cooking classes. These events not only provide fun activities but also a chance to meet new people. For real estate professionals, these gatherings can lead to new contacts and clients, so don’t hesitate to engage and network.

8. Plan a Neighborhood Block Party

What better way to enjoy the fall than by hosting a block party? This is a great way to bring the community together and foster relationships among neighbors. If you’re a real estate agent, this could be a fantastic opportunity to showcase your knowledge of the local market and the benefits of living in the area.

Conclusion

Fall is more than just a season; it’s a vibrant time to engage with your community and enhance your real estate endeavors. From local festivals to outdoor activities, embracing what fall has to offer can provide valuable experiences and connections. So grab a warm drink, bundle up, and dive into the many activities your community has to offer this autumn! Whether you’re looking to buy, sell, or simply enjoy the season, the opportunities are endless.

Agency • September 24, 2024

Reduced Commission: The Hidden Cost of Lower Service

by Jonathan Peachey

Blog banner featuring spiraled lined with text in front of the white text, gray background

Are you selling your property in Central Virginia? If so, have you considered how much you’re willing to pay your listing agent? Many sellers sign documents without questioning the commission, trusting that their agent knows best. But if you’re a savvy seller looking to maximize your return, you may be tempted to negotiate a reduced commission.

While some agents agree to a lower fee to secure your listing, it’s essential to understand the potential trade-offs. Not every agent who lowers their commission lacks professionalism—some may offer the same high level of service. However, if you push for a significant reduction, consider what that might mean for the quality of service you receive. Are you inadvertently asking your agent to cut back on marketing, staging, or professional photography?

Your Home Is Your Biggest Asset:

For many, a home is the most significant financial investment they’ll ever make. When it comes time to sell, you want your property to shine. This means ensuring that:

Photos are high-quality and well-lit.
The home is properly staged.
The listing description resonates with potential buyers.

A captivating listing can attract buyers and motivate them to visit your home in person. You want them to feel as excited about your property as you do!

Questions to Consider:

As you navigate the selling process, ask yourself the following:

Why hire an agent who won’t showcase your home effectively?
Why settle for someone taking photos with their smartphone?
Are you okay with crooked or bad pictures?
Are you comfortable with listing photos that look unprofessional?
Is your agent primarily motivated by commission rather than the quality of their work?

Focus on Quality, Not Just Cost:

While it’s natural to consider commissions, it’s crucial to choose an agent who values your home as much as you do. An agent who prioritizes their commission over quality service may not represent your interests effectively. Every aspect of your listing, from the photography to the description, reflects both your home and your agent.

Demand Excellence:

Your home deserves the same level of care and attention whether it’s a modest property or a multi-million-dollar estate. If your agent isn’t treating your listing with the respect it deserves, it might be time to reconsider your choice, even if it means a slight delay in selling.

You’re worth it, and so is your home. If you’re paying a percentage of your home’s value, make sure your agent is providing value in return. Don’t hesitate to ask for examples of past listings and their marketing strategies.

Conclusion:

Demand better, expect more, and hold your agent accountable. Your home sale is too important to compromise on service quality. Make sure you have an agent who is committed to showcasing your property in the best possible light.