December Housing Stats- INVENTORY IS LOW!

Good morning Sunshine!

I am so sorry we’ve been so absent on the blog lately, but Ashley had her baby! Wyatt Christopher McLaren is here and we are so in love with him! That being said, we are back and ready for action and to HELP YOU SAVE MONEY when listing/buying your home! See below for the December housing report from St. Louis Realtors Board of Association. Single Family Housing Inventory IS DOWN 21.9%! Holy Cow! That means, you guessed it, it is a sellers market. Inventory is low and you have WAY less competition currently. To find out more about how we can help get you started and save you THOUSANDS of dollars along the way, reach out to Ashley at ashley@sunshinerealtystl.com or call us at 636-336-1330. Here is the rest of the report findings from the board,

“In 2019 home prices were up again in most markets. Buyer demand continues to be strong but with tepid seller activity still in many locations, total sales are lower than they would normally be in a more balanced market. While up from their recent lows a few months ago, mortgage rates end the year close to three-quarters of a percent lower than a year ago, helping to improve affordability and offset rising home prices.
New listings increased five percent for residential homes and 22.5 percent for townhouse/condo homes. Pending sales decreased 5.6 percent for residential homes and 15.3 percent for townhouse/condo homes. Inventory decreased 21.9 percent for residential homes and 9.4 percent for townhouse/condo homes.
Median sales price increased 11 percent to $205,700 for residential homes and 9.3 percent to $167,300 for townhouse/condo homes. Days on market remained flat for residential homes but increased 14.6 percent for townhouse/condo properties. Months supply of inventory decreased 20.0 percent for residential homes and 9.7 percent for townhouse/condo homes.
With low mortgage rates, low unemployment, and continued wage growth, home buyer activity is expected to remain healthy into the new year. New construction has been on the rise in 2019 and is expected to continue into 2020, but many experts note that the country is still not building enough new units to quench demand. It remains to be seen whether existing homeowners will be enticed to sell by higher home prices, which could finally bring the overall housing market into greater balance.”

Housing-Report-Infographic_04

Have an amazing day!

-The Sunshine Team

Ashley, Evelyn & Dana

 

Declutter Craze Help!

With all of the Marie Kondo fanatics out there lately, and since we get this question ALL the time, we thought we’d post a helpful guide for decluttering that we recently saw on Pinterest. We hope this helps you in your spring cleaning phase, and remember, if you are in St. Louis, Jefferson, St. Charles, Warren or Lincoln County, MO, we can help you list and sell your home and save you THOUSANDS in the process with commissions! Reach out today to find out how we can help make this process a fun and smooth one!

Have a Sunshine rest of your Hump Day everyone!

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-The Sunshine Team

Ashley, Evelyn & Dana

Fees You May NOT Have Prepared For…

Happy February Sunshine!

Today, and lately actually, we have been working with a lot of sellers and buyers that don’t know about certain fees/costs that are involved in the home buying process. Particularly, closing fees, title fees, inspections both government and home, etc. We found a FANTASTIC article written by houselogic.com discussing a lot of these “unknowns” that many people, especially first time home buyers, may not know about.

Check it out here: Unknown fees for a Buyer

To recap a lot of it here, a buyer has many fees when it comes to buying a home ON TOP of the actual purchase price. These costs can include an appraisal ordered by the lender, lender fees, title company and search fees that help provide clear title, possible survey fee if you want to know where your property ends and begins, home inspection fees including radon, sewer, pest & overall home, etc. ALL THINGS TO THINK ABOUT before you take the plunge into the home buying process :). We hope this helps brighten your day just a bit and gives you just a little more insight into the home purchase process and what to plan ahead for!

Have a Sunshine Day everyone! And remember, if you need help in selling, buying or both, we are here for you! Give us a call today at 636-336-1330 and ask for Ashley to get your simplified process started :). Everyone needs a little help every once in a while 😉

-The Sunshine Team

Ashley, Evelyn & Dana

Repairs to make before listing your home

Hey Sunshine!

Today, I saw a really great article on houselogic.com about repairs to make before selling your home. Here is the link…has some great info in there including fixing outdated grout, damaged yard, pet damage, floor damage and water stain damage!

Houselogic article: repairs to make before selling your home

Those are all fantastic recommendations…especially the info on water stains. Those scare buyers! Fix them, especially if what caused them are already taken care of! Easy and SO SO worth it!

Here are a few other things we recommend sellers do before listing their home:

*Paint over dark colors with neutral tones to brighten your space.

*Service your AC/Heater if you haven’t done so in over a year.

*Clean and stretch any carpeting that looks outdated to give it a new look!

*Paint/repair baseboards/doors

These recommendations plus the other great ideas in the houselogic.com article are great starters to getting your home ready to list and meet with a listing agent! Call us today for a free consult to learn about these and MUCH MORE!

Happy Monday!

The Sunshine Team

Ashley, Evelyn & Dana

 

 

 

Browser Beware: Browsing Online vs. In Person

Are you up to date on all of your online browsing rules? Houselogic.com wrote a GREAT article about the better sites to use, how to spot incorrect/outdated information, etc. We are ALWAYS telling our buyers to send us addresses first if the home they see online didn’t come directly from us. We’ve seen homes listed on Zillow that sold a year ago before! We also warn our buyers that agents nowadays use photographers and filters for photos so when they walk into that shiny new home, it may not be as shiny and new as it looked online. We love this tidbit below! Be sure to follow the link to the full article and information.

“First things first: You wouldn’t read last month’s Vanity Fair for the latest cafe society gossip, right? So you shouldn’t browse property sites that show old listings.

Get the latest listings from realtor.com®, which pulls its information every 15 minutes from the Be First Through the DoorAsk your agent to send you automated emails from their MLS with new properties that meet your specs.Multiple Listing Service (MLS), regional databases where real estate agents post listings for sale. That means that realtor.com®’s listings are more accurate than some others, like Zillow and Trulia, which may update less often. You wouldn’t want to get your heart a flutter for a house that’s already off the market.” Credit: houselogic.com

https://www.houselogic.com/buy/how-to-buy-step-by-step/house-shopping-sites/

Need help searching for that perfect home?! Call us today at 636-336-1330 and ask for Ashley! Have a Sunshine rest of your Monday everyone!

-The Sunshine Team

Ashley, Evelyn & Dana

Is the Economy a positive factor in YOUR buying decision currently?

Apparently, according to Fannie Mae, the economy is a positive uptick in American’s decision to purchase a home currently. How do you feel about the economy and home sales right now? Give us a call today to see how we can help you save EVEN more with all star and recognized service!

“WASHINGTON, DC – The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased slightly in September, falling 0.3 points to 87.7, reversing August’s increase. The dip can be attributed to decreases in three of the six components, including the mortgage rate and household income components. The net share of Americans who said it is a good time to buy a home rose by 5 percentage points, while the net share who said it is a good time to sell a home remained unchanged. However, the net share who expect mortgage rates to go down over the next 12 months fell 4 percentage points, and the net share of survey respondents who said their household income is significantly higher than it was 12 months ago decreased 3 percentage points. Respondents also expressed a slightly more pessimistic view on job security, with the net share confident about not losing their job falling by 1 percentage point. Finally, the net share of respondents who said that home prices will go up in the next 12 months increased 1 percentage point.”

read more of this article about the economy, rates and homebuyers thoughts here:

http://fanniemae.com/portal/media/corporate-news/2018/september-home-purchase-sentiment-index-6772.html?utm_source=AKZO+Media+Subscribers&utm_campaign=b806c45fd5-EMAIL_CAMPAIGN_2018_10_09_09_03&utm_medium=email&utm_term=0_134f701abc-b806c45fd5-276542805

Have a Sunshine Friday everyone!

Posted by Ashley Murphy McLaren with Sunshine Realty. Reach out to Ashley!

636-336-1330 ask for Ashley Or ashley@sunshinrealtystl.com

FYI…Rates ARE still and WILL PROBABLY still increase.

Hello Sunshine!

Here are the recent rates for all loans, etc. We’d like to share that though rates were at about 3.5% a little more than a year+ ago, they will KEEP increasing! We have had several buyers lately that are scared of this rate (and that was at 4.875%). Our best intel is that though recent buyers are use to 3-4% interest rates, 5 years ago 8% was normal. Our best advise, 5% is the best you’re going to get in the nearest future. The interest rate was at 3-3.5% for so long that the rate is bound to rise and keep going. Take it while you can! Here are the current rates!

 

Conventional 30 year fixed                            4.999%           0 pts

Conventional 30 year fixed 3% Down           4.875%           0 pts

Conventional 20 year fixed                            4.750%           0 pts

Conventional 15 year fixed                            4.500%           0 pts

Conventional 5 year ARM                            4.625%           0 pts

FHA/USDA/VA 30 year fixed                      4.999%           0 pts