July 2022 Real Estate Roundup
Mortgage interest rates have settled in the mid 5% range. Markets across the US are shifting as a result. While there are still multiple bidders in high demand neighborhoods others are facing few buyers at all. This points to the fact the real estate is about location, location and location. Whether you plan on buying or selling these articles in this month’s roundup are great for you.
Open House vs. Private Showings
There are two options when it comes to getting buyers into a home that is listed for sale. Luke Skar explores the pros and cons of the open house and private showings and why one might be better than the other. The open house is a bit like a scatter approach where the seller is trying to see what sticks. In a hot seller’s market homes can sell via the open house but it most cases it is from private showings. Learn about the other pros and cons associated with each option.
Buyer’s Market Defined
In this excellent write up by Bill Gassett he explain what is a buyer’s market and why it matters. The market in many locations is shifting to a buyer’s market and this is due to many factors as explored in the article. From interest rates for houses going up, to the economy weakening there are a variety of reasons for the switch to a buyer’s market. Changing to a buyer market does not happen overnight and sellers can be slow to adjust during the change.
Final Walkthroughs For Buyers and Sellers
When buying any type of real estate it is wise for the buyer to make sure to walkthrough the property just before closing. A lot of things can change from when the offer and inspections were made up until the day of closing as Vickie Moore explains. Sellers need to make sure the property is in good shape for the walkthrough as well otherwise the buyer could hold up the closing.
Installing A Motion Sensor Light
Home security is a prime concern for many homeowners and any extra security advantage can help keep a home and its occupants safe. In this article by Eric Jeanette he takes you through the process of installing a motion sensor light. Motion sensor lights around the home are a great way to deter criminals as they prefer to do things in the dark. Eric even provides a great video showing how to DIY installing a motion sensor light.
Aging in Place
Learn about aging in place with this helpful article from Kevin Vitali. Many people prefer to live in their current home and maintain independence. Kevin explores aging in place and what exactly is involved. Setting a home up properly to accommodate the needs of its occupant is important. Technology plays a role along with the setup of a home. Learn about what resources are available and how to effectively setup the perfect home to age in place.
Keeping Your Home Cool In The Summer
Hot days are upon us during the summer time and keeping one’s home cool not only helps with personal comfort but also with saving money through reduced power bill. Paul Sian provides a number of tips for homeowners to use to help make sure their home’s cooling system does not have to work overtime to keep the home cool. Some little changes can help with keeping a home cooler and save money as well.
Do Solar Panels Help or Hurt A Home’s Value?
Solar panels are a great way to save on power bills and help the environment at the same time. Solar panels are generally mounted on the roof and anytime the sun is shining help towards providing electricity for the homeowner’s use. Conor MacEvilly sought the input from real estate agents and real estate appraisers as to whether solar improves the value of a home. The answer is it depends and location is a key factor in that variable.
Airbnb Cleaning Checklist
For those investors working with short term rentals (STR) getting the cleaning part done right and in time for the next tenant is critical. Delivering a consistent experience is how fancy hotels get people to keep coming back and the same is true for a short-term rental. In this article by Zogics they provide an in depth cleaning checklist for short term rental investors. By sticking to this checklist for any STRs they may run an investor can ensure a five star experience for their tenants.
What articles did you find informative from above? Feel free to comment below or add an article below about real estate that you found to be helpful.
Real Estate Roundup for July 2022 was provided by Greater Cincinnati Area Luxury Realtor Paul Sian of United Real Estate Home Connections. Paul is a licensed real estate agent in the states of Ohio and Kentucky and has over 14 years of experience. Do you have a home you are ready to sell now in Greater Cincinnati or Northern Kentucky? Be sure to contact me now!