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 Houselogic.com wrote a GREAT article about the better sites to use, how to spot incorrect/outdated information, etc.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

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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

Home Sales Decrease as Interest Rate Increases

Heads up! Great article on the declining home sales due to the inevitable increase in interest rates. Read up!

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“Existing home sales fell 3.4% in September causing home sales to tumble more than 4% from a year ago this time, according to the National Association of Realtors.

Sales are now clocking in at a seasonally adjusted rate of 5.1 million, down from 5.37 million in September of 2017.

“This is the lowest existing home sales level since November 2015,” said Lawrence Yun, chief economist at NAR. “A decade’s high mortgage rates are preventing consumers from making quick decisions on home purchases. All the while, affordable home listings remain low, continuing to spur under-performing sales activity across the country.”

Interest rates are on the rise. Mortgage interest rates averaged 4.85% on a 30-year fixed-rate mortgage for the week ending October 18, according to Freddie Mac. The 15-year adjustable rate mortgage averaged 4.26% while the 5-year ARM averaged 4.1%. Last year, this time, mortgage rates were under 4%.”

Read more here : https://gateless.com/articles/close-buyers/existing-home-sales-down-as-interest-rates-rise?CampaignId=492

Need to save money in the home buying and selling process?! WE CAN HELP with OUR commission structure! Call us today to find out how!

Have a Sunshine Day!

Ashley, Evelyn & Dana

June Infographic

Here are the top trends in St. Louis real estate for June 2018. Thanks St. Louis Realtors Association for always helping keep our buyers and sellers knowlegable in the current home trends! Have a good night everyone!

06.2018 Infographic

Cabinet Colors to improve YOUR home!

Thinking about selling soon and need an update? OR wanting to make a modern plunge to your kitchen? These cabinet colors are amazing and will instantly improve your kitchen. Which, another pointer, the kitchen is one of two most IMPORTANT rooms when it comes to buyers interest. If you need further help, feel free to call us and use our expertise to help sell your home! We’d LOVE to help! Have a Sunshine Day!

-The Sunshine Team

Ashley, Evelyn & Dana

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Sell your home FAST!

We get this question all the time: What more can I do to help sell my home quicker? Luckily for sellers, right now we are in a seller’s market and homes are going QUICK.

HOWEVER, if you want people to appreciate your home and sell for top dollar with the least amount of days on market as possible…here are some tips for before and during showings!

Have a Sunshine Day everyone!

-Sunshine Team

Ashley, Evelyn & Dana

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What to Expect…From a Home Inspection

Good morning everyone!

Today, I thought we’d discuss home inspections. First, because the New York Times just wrote a pretty awesome article that I wanted to share with all of you. Second, because I have a buyer’s inspection today in the beautiful Lake Saint Louis, MO and am hoping for stellar results! Before I share this link with you, I wanted to point out something that I read in it. I saw that the article says that most first time home buyers don’t know that they are responsible for the home inspection and to make sure to make it contingent upon these inspections. While this is TRUE, the standard contract DOES include an inspection contingency. Also, it is the responsibility of your agent to let you know all of these things that you are responsible. Another point I wanted to make is that there are two types of inspections in Missouri that most people are responsible for. The home inspection which is 95% of the time taken care of by the buyer and then the city/occupancy inspection which is taken care of by the seller to make sure everything is up to code and not dangerous! Most of St. Charles County does not require a city inspection (aside from LSL) but most of St. Louis County DOES! Hope this helps you get by a little easier during your home buying process. And remember, Sunshine Realty is ALWAYS here to assist if you need an agent!

Here is the NY Times link that shows you just what to expect during most inspections: