Selling a House? 5 Reasons You Should Do It Now

Many are talking about why now is a great time to buy a home. Today, we want to look at why it might also be an opportune time to sell your house. Here are the Top 5 Reasons we believe now may be a perfect time to put your house on the market.

1.) Demand Is High

Homes are selling at the fastest pace since November 2009 when the market spiked in response to the home buyer tax credit. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that monthly sales increased 9.7% over the same month last year. Total sales have been above year-ago levels for 22 consecutive months. There are buyers out there right now (buyer traffic is 31 percent stronger than a year ago) and they are serious about purchasing.

2.) Supply Is Beginning to Increase

Total housing inventory last month rose 11.9% to 2.16 million homes for sale. This represents a 5.2-month supply at the current sales pace, compared with 4.3 months in January. Many expect inventory to continue to rise as more sellers escape the shackles of negative equity. Selling now while demand is high and before supply increases may garner you your best price.

3.) New Construction Is Coming Back

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative for many purchasers.

4.) Interest Rates Are Rising

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year mortgage have shot up to 3.98% which represents a jump of more than ½ point since the beginning of the year. Even those trying to be the voice of reason on this issue are projecting higher rates. For example, Polyana da Costa, senior mortgage analyst at Bankrate.com said:

“Rates are unlikely to keep going up so quickly and should remain below 5%.”

Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

5.) It’s Time to Move On with Your Life

Look at the reason you are thinking about selling and decide whether it is worth waiting. Is the possibility of a few extra dollars more important than being with family; more important than your health; more important than having the freedom to go on with your life the way you think you should?

You already know the answers to the questions we just asked. You have the power to take back control of your situation by putting the house on the market today. The time may have come for you and your family to move on and start living the life you desire. That is what is truly important.

 

Source: The KCM Blog

Moving Into a New M/I Home? How to Stage Your Old Home to Sell.

Are you all packed up and ready to move into your new M/I Home? But wait! What about selling your old home? Don’t let selling your old home hold you back from settling into your new M/I Home! If you want to sell your home quickly and for top dollar, staging is a great start. Staging is the process of presenting your home in the most appealing way to the market. Allowing families to visualize how they would live and how their furniture would fit into your home will make it more appealing. The staging process doesn’t have to be difficult or costly. Here are our top 5 tips to stage your home to sell.

1. Wide Open Spaces: De-clutter, de-clutter, de-clutter – we can’t say it enough! If you haven’t already moved into your new M/I Home, put away the knickknacks and junk to make your current home look neat. Rearrange furniture to make rooms appear larger and more inviting. If some pieces of furniture look worn, keep them in storage while staging your home to sell. Organize bookshelves, coffee tables, desks and more in order to clear up surfaces.

2. Mmm, Fresh Baked Cookies: Make sure your home not only looks inviting, but smells pleasant as well! Having a place that smells like fresh baked cookies, pie, cake or other sweet dessert can really make a house feel like a home. Be conscious of cooking or pet odors that may linger. Open your windows to allow for air circulation and add fresh flowers for that extra touch.

M/I Homes Master Bedroom

3. See the Light: Good lighting makes homes look warm and inviting. Think about adding extra lamps to dark corners, as well as replacing old bulbs. Keep curtains and blinds open during the day to bring in as much natural light as possible. Neutral colors on walls help a room look bigger and brighter – try light beige as white walls can look a bit sterile. You can even light the fireplace on a dreary day to brighten up a room.

M/I Homes Kitchen

4. Keep it Simple: Don’t overcrowd living spaces with too much furniture. Try to put away kitchen appliances that take up counter space. Make sure your closets are tidy and clean. Don’t over-decorate with too many pillows, blankets and rugs. Remember – you’re trying to sell the house, not the stuff inside of it!

5. Detail-Oriented: Once you’ve completed the big changes to your home, concentrate on the little things that may have slipped through the cracks. Replace broken bathroom tiles, make sure wallpaper isn’t torn and check for dust. Most importantly – CLEAN! A clean home will always be more appealing than a dirty one. Try to depersonalize your home so that buyers can picture themselves living there. Finally, spruce up the front of your house with plants and flowers – you want to make the best first impression possible!

These 5 tips are a great way to stage your home for a quick sell. Whether your house has been on the market for awhile, or you’re still living there, staging a home is a great way to entice buyers. Remember – you can still stage your home if you’ve already moved into your new M/I Home. For more information on M/I Homes, visit our website.

Top 5 Reasons to Build with M/I Homes

M/I Homes is the homebuilder of choice for more than 82,000 homeowners nationwide. With a variety of home locations, neighborhoods, amenities and interior finishes, M/I Homes is the perfect fit for any prospective homebuyer! So why is M/I Homes Indianapolis so great? We’re glad you asked! Here are the top five reasons why M/I Homes Indianapolis is the right choice for you.

1.    Treating Customers Right: The most important and significant core value of M/I Homes is the “we care” philosophy that is instilled in each and every associate at every stage of the homebuilding process. This past October, former CEO Irving Schottenstein was inducted into the Building Industry Award’s Hall of Fame, honoring his outstanding lifetime achievement in the residential building industry. Irving firmly believed in always treating customers right and ensuring a top rate experience. This philosophy and legacy has made M/I Homes into the company it is today.

2.    30-Year Transferable Structural Warranty: M/I Homes offers this warranty in order to provide you with peace of mind and added resale value. From the moment the home is purchased, we are committed to homeowner service, uncompromising quality, superior design and enduring value.

3.    More Floorplans: In total, M/I Homes offers close to two dozen floorplans throughout neighborhoods across central Indiana! With the start of 2013, M/I Homes Indianapolis introduced three new floorplans designed for the way you live today! The new Cooke, Dillion and Fairview floorplans encompass a variety of 4 bedroom, 2.5 bathroom home designs – ranging anywhere from 2,600 to 3,300 square feet.

4.    Number of Neighborhoods: M/I Homes Indianapolis offers 30 neighborhoods in Indianapolis, Avon, Greenwood, Carmel and more! We also have two new neighborhoods joining the roster later this spring! Sign up here to be the first to learn about our new Greenwood community or click here to learn more about a new neighborhood coming to Franklin Township.

5.    Built Better:  At M/I Homes Indianapolis, we are committed to building quality homes and continually working to improve. The new 2”x6” lumber we are using is designed to create stronger, more stable walls meaning superior construction and a better built home. In addition, using the 2”x6” lumber builds a deeper wall cavity, allowing room for thicker insulation. With added insulation and tight envelope construction, you are guaranteed to save on energy costs!

So, are you ready to build with M/I Homes Indianapolis?  For more information, give us a call at 317.883.9517 or email salesindy@mihomes.com. We look forward to hearing from you!

The Top Professional Athlete Homes of 2012 on Realtor.com

While castles, missile silos and zombie fortresses ruled the REALTOR.com realm in 2012, there were plenty of prime real estate happenings coming out of the professional sports world. From Jerry Rice to John Smoltz, here are your favorite athlete homes from the past year.

5. San Francisco 49ers Great Jerry Rice’s Atherton Mansion

Starting things off in our walk down Sportsman Lane was the luxe estate of arguably the greatest football player that ever was, Jerry Rice. Known for his training runs up “The Hill,” the San Francisco 49ers legend has been looking to pitch his mansion in the hills of Atherton, CA for some time now, and took another step towards coaxing a buyer by dropping the asking price for the 13,908-square-foot home to $10.5 million.

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4. NASCAR’s Kyle Petty Cashes Out of Isle of Palms

Revving things up in South Carolina this year was former stock car driver Kyle Petty. The son and grandson of racing icons, Richard Petty and Lee Petty, respectively, the NASCAR RaceDay co-host looked to peel out of his Isle of Palms beach home and would later pocket $1.2 million for the 4,100-square-foot oceanfront residence.

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3. Spring Training Roundup: Homes of Major League Baseball Players

We love us some Spring Training here at REALTOR.com and apparently you do, too. Coming in third on our top sports posts of 2012 was an entire lineup of major league baseball player homes to kick off the start of Grapefruit and Cactus League action. From Matt Cain to Barry Larkin, we circled the wagon on the All-Star properties of ballplayers, past and present.

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2. Lamar Odom’s Rents Rich in Dallas

Lamar Odom’s L.A. exit and arrival in Dallas was big news during the 2011 offseason. However, in the real estate world, it was Odom and wife Khloe Kardashian’s rental of a posh condo in Big-D that really stole the show. Owned by the son of Texas Rangers owner Tom Hicks, Khlomar were reportedly shelling out $7,500-a-month for the stylish high-rise pad at the W Dallas Victory Hotel & Residence.

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1. Braves Legend John Smoltz Lists Sportsman’s Dream Mansion

With separate tennis and basketball courts, baseball and football fields, a fully stocked and oxygenated fishing pond, a jogging trail AND a 18-hole golf course all found on the premises, it’s easy to see why former Atlanta Braves hurler John Smoltz had the No.1 athlete home of the year. The Cy Young Award-winner and perennial All-Star made headlines in January when he put the 18,265-square-foot mansion on the market for a cool $7.2 million.

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source: Realtor.com

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