The Main Reason to Use a Real Estate Professional When Selling Your House

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Every homeowner hopes to accomplish five goals when selling their home:

1.  Sell it for the best price

2.  Sell it within a predetermined time

3.  Sell it with the least amount of hassles

4.  Close on the sale the same day they move into their new home

The fifth reason is the most obvious and the most important:

5. They want to make sure it sells.

In order to dramatically increase the chances that the house sells, a homeowner should list with a real estate professional in their market. Why? Because agents have access to the vast majority of the available buyers!!

According to the National Association of Realtors(NAR) recently released 2016 Home Buyer and Seller Generational Trends Report, 87% of all buyers purchased their home through a real estate agent or broker. And more that 8 out of 10 buyers in every age group used an agent (see chart below).

buyers-using-an-agent-KCM

Bottom Line

If you want your home sold, the best way is to go where the buyers are. The NAR study revealed that the vast majority of purchasers will use an agent when they buy.  Working with a local real estate professional gives you the best chance of selling.

How can I help you achieve your real estate goals.

About Carol Juntunen:
I’m a Realtor® with Baird & Warner in the Chicago NW suburbs.
My intention is to provide insights and information to empower you to make informed real estate choices and decisions, and guide you through the home buying, renting or selling process.

Contact me:
Cell: 224-523-2217
Website: www.caroljuntunen.com
Email: carol.juntunen@bairdwarner.com

Gap Between Homeowner’s & Appraiser’s Opinions Widen

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In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.

If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the price when performing the appraisal for the bank.

Every month, Quicken Loans measures the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation in their Home Price Perception Index (HPPI). Here is a chart showing that difference for each of the last 12 months.

Appraisals-KCM

The gap between the homeowner vs. appraiser’s opinion had been heading in the right direction (closer to even), until this past month, when the gap widened again to -1.99%.

Bottom Line 

Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). With escalating prices, the second sale might be even more difficult than the first. If you are planning on entering the housing market this year, I can guide you through this, and any other, obstacle that may arise.

How can I help you achieve your real estate goals this year?

About Carol Juntunen:
I’m a Realtor® with Baird & Warner in the Chicago NW suburbs.
My intention is to provide insights and information to empower you to make informed real estate choices and decisions, and guide you through the home buying, renting or selling process.

Contact me:
Cell: 224-523-2217
Website: www.caroljuntunen.com
Email: carol.juntunen@bairdwarner.com

 

Spring Cleaning – The Safe & Natural Way

field of daisy flowers

Are you ready for sunny days and the fresh breeze of springtime? It’s time to open the windows, air out the house and get going on that spring cleaning!

Try these easy-to-mix home cleaning solutions, which can be alternatives to hazardous household products.  Most of the products that you hide from your children and pets can be replaced with these mixtures. You probably already have the ingredients somewhere in your home.

All-Purpose Cleaner

Mix one-quarter cup vinegar with one gallon of hot water. Keep on hand in a spray bottle.

Bathroom Cleaner

Scrub area with baking soda and wet sponge. Rinse with all purpose cleaner.

Furniture Polish

Mix together one-half cup of lemon juice with one cup of mineral oil.  Rub on wood furniture with a soft cloth.

Brass or Copper Polish

Mix one teaspoon salt, one tablespoon flour and enough vinegar to make a thick paste. Rub paste on surface and let dry completely. Rinse in warm, soapy water and buff with clean, soft cloth.

Pet Stain Cleanercarpet_backyard

Mix together one-quarter cup of white vinegar and one-quarter cup of liquid soap. Rub into stain and then blot. Rinse with warm water.

Abrasive Cleaner

Mix equal parts salt and baking soda. Scrub with mixture and wet sponge. Rinse with all purpose cleaner.

Floor Cleaner

Mix one-half cup of white vinegar with one-half gallon of warm water. No need to rinse.

Glass-cleanerNo-Streak Class Cleaner

Mix together three tablespoons of vinegar and one quart of hot water. Keep on hand in a spray bottle to use on all windows, mirrors and glass.

Drain Cleaner

Pour one-quarter cup of baking soda down the drain; follow with one-half cup of vinegar. After “fizzing” stops, flush with boiling water.

Silver Polish

Put a sheet of aluminum foil in the bottom of the kitchen sink and fill with two or three inches of warm water.  Add one tablespoon each of salt and baking soda. Place silver in water, touching foil. Soak for one hour. Rinse in soapy water. Buff with a soft dry cloth.

Ant Repellent

Place chili powder, talcum powder, or powdered chalk at points of entry.

Hope this was helpful! Now, how can I help you achieve your real estate goals?

About Carol Juntunen:
I’m a Realtor® with Baird & Warner in the Chicago NW suburbs.
My intention is to provide insights and information to empower you to make informed real estate choices and decisions, and guide you through the home buying, renting or selling process.

Contact me:
Cell: 224-523-2217
Website: www.caroljuntunen.com

The Difference An Hour Makes This Spring

The-Difference-a-Hour-Makes-KCM

Some Highlights:

  • Sunday, March 13th, we “Spring Forward” one hour for Daylight Savings Time (except for our friends in AZ).
  • Every hour in the United States, 624 homes will sell and 118 homes will regain positive equity.
  • The median home value will also increase each hour in the United States by $1.84.

How can I help you achieve your real estate goals this spring?

About Carol Juntunen:
My name is Carol Juntunen and I'm a Realtor® with Baird & Warner.
My intention is to provide insights and information to empower you to make informed realestate choices and decisions, and guide you through the home buying, selling or renting process.

Contact me:
Carol Juntunen
224-523-2217
Website: www.caroljuntunen.com

Yes, Home Prices Are Rising. No, a New Housing Bubble is NOT Forming!

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We recently reported that home prices are continuing to rise across most of the nation. This has created concern in some pundits that a housing bubble, like we saw ten years ago, is forming again. We want to explain why these concerns are unfounded.

The current increase in home values can be easily explained by the theory of supply and demand. Right now, the number of families looking to purchase a home is greater than the supply of homes on the market.

Here is a chart that explains how the months’ supply of housing inventory impacts home values:

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According to the latest Existing Home Sales Report from the National Association of Realtors, there is currently a four-month supply of inventory. That puts us in the blue section of the above graphic. Home prices should be appreciating.

The difference in 2006…

A decade ago, the demand for housing was artificially boosted by lending standards that were far too lenient. Today, the strength of the demand for housing is legitimate, as lending standards are nowhere near what they were a decade ago.

For proof of this, let’s look at a graph of the Mortgage Bankers’ Association’s Mortgage Credit Availability Index:

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The higher the number, the easier it was to get a mortgage. We can see that from June 2005 to June 2007, mortgage standards were much more lenient than they have been over the last nine years.

Bottom Line

Today’s price increases, unlike those a decade ago, are the result of qualified buyer demand exceeding the current inventory of homes available for sale. Once the supply increases, prices will level out.

How can I help you achieve your real estate goals?

 

 

About Carol Juntunen:
I'm a Realtor® with Baird & Warner in the Chicago NW suburbs.
My intention is to provide insights and information to empower you to make informed real estate choices and decisions, and guide you through the home buying, selling or renting process.

Contact me:
Carol Juntunen
Baird & Warner
Realtor® & Broker Associate
CNE, CSC, e-PRO
carol.juntunen@bairdwarner.com
www.caroljuntunen.com
224-523-2217


Housing Market To “Spring Forward” This Year

 

SpingForward_2016Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year

Demand for housing has remained strong as mortgage rates have remained near historic lows.

The National Association of REALTORS (NAR) recently reported that the top 10 dates sellers listed their homes in 2015 all fell in April, May or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2016, let’s chat! I’d love to help you evaluate the opportunities in your market.

Contact me: 
Carol Juntunen
Realtor® with Baird & Warner in Chicago NW suburbs
Cell:  224-523-2217
Website: www.caroljuntunen.com