Real Estate Market Trends?

Real Estate Market Trends?

The Changing Real Estate Market: Remote Work and Technology

The real estate industry is constantly evolving, my friend. Trends and factors shape how buyers, sellers, and agents navigate the market. Today, I want to discuss the latest market trends that are shaping the real estate landscape. We’ll look at the impact of remote work and technology, while also reflecting on the time when Covid-19 was prevalent.

Remote Work and Shifting Perspectives

One noticeable trend is the rise of remote work. Advancements in technology and a global move toward flexibility have led more individuals to choose remote work. What’s interesting is that this shift directly affects the real estate market, as people have changed their perspectives on where they want to live. With no restrictions tying them to a specific location for work, people are increasingly moving to suburban and rural areas. They are searching for homes that offer space, affordability, and a better quality of life.

Focus on Lifestyle and Amenities

Remote work impacts not just finding the right house, but also how people view their homes. A home is no longer just a place to live and raise a family. As people spend more time at home, there’s a renewed focus on lifestyle and amenities. Homes with dedicated workspaces, outdoor areas, and features promoting health and well-being are highly sought after. The real estate market has had to adapt to cater to these changing needs and desires of buyers. Now, properties need to align with the evolving priorities of buyers.

Technology Revolutionizing Transactions

Another powerful trend reshaping the real estate market is technology. Virtual tours, online documentation, and a range of digital tools have revolutionized the way transactions take place. Especially with the presence of Covid-19, which limited face-to-face interactions, reliance on these technological marvels has grown. Buyers and sellers can explore properties and complete transactions from the comfort of their own homes, minimizing physical contact and streamlining the entire process. Agents have also benefitted from technology, using data analytics and artificial intelligence to gain insights into market trends. This enables them to provide accurate pricing and effective marketing strategies.

Agents Remain Essential

While technology brings efficiency and convenience, some argue that agents’ roles are diminishing. Automation of certain tasks and the abundance of online resources have impacted agent commissions. However, it’s important to remember that technology can never fully replace the expertise and personalized service that real estate agents bring to the table. Agents’ negotiation skills, market knowledge, and networking abilities are still incredibly valuable, making a significant difference in achieving the best outcomes for both buyers and sellers.

Adapting to the Trends

To conclude, the real estate market is undergoing a remarkable transformation driven by significant trends. Remote work has led to a surge in demand for properties in suburban and rural areas, where lifestyle and amenities matter. Technology has revolutionized the entire transaction process, enabling virtual tours, online documentation, and improved market insights. Buyers, sellers, and agents must adapt to these trends and embrace the opportunities they present. By staying informed and utilizing technology effectively, individuals can confidently navigate the market and achieve their real estate goals. Remember, for all your real estate needs, you can rely on One REAL Augusta. Don’t hesitate to reach out to us!

The real estate industry is always evolving, my friend, with trends and factors shaping how buyers, sellers, and agents navigate the market. Today, I’m excited to delve into current market trends that have been influencing the real estate landscape. From the impact of remote work to the transformation brought about by technology, we’ll explore the factors shaping the industry while reminiscing about the time when Covid-19 was still around.

Let’s start with one notable trend: the rise of remote work. Technological advancements and a global shift towards flexibility have led more individuals to choose remote work. This shift directly influences the real estate market, as people look for homes in suburban and rural areas offering spaciousness, lower costs, and a better quality of life.

Indeed, remote work impacts more than just choosing a home. Now, a home is seen as more than a place to live and raise a family. As people spend more time at home, there’s a focus on lifestyle and amenities. Properties with home offices, outdoor spaces, and features promoting well-being are in high demand. The real estate market must adapt to cater to buyers’ evolving priorities.

But that’s not all, my friend. Technology is reshaping the real estate market. Virtual tours, online documentation, and digital tools have revolutionized transactions. With Covid-19 limiting face-to-face interactions, reliance on these technologies has intensified. Buyers and sellers can now explore properties and complete transactions from home, reducing physical contact and streamlining the process. Data analytics and artificial intelligence empower agents to better understand market trends, providing accurate pricing and marketing strategies.

However, it’s important to remember that technology can’t replace real estate agents. Their expertise, personalized service, negotiation skills, market knowledge, and networking capabilities are invaluable. While technology brings efficiency, agents play a vital role in achieving the best outcomes for buyers and sellers.

In conclusion, the real estate market experiences remarkable transformations shaped by trends. Remote work drives demand for properties in suburban and rural areas, emphasizing lifestyle and amenities. Technology revolutionizes transactions, offering virtual tours and better market insights. Buyers, sellers, and agents must adapt to these trends and embrace the opportunities they bring. Stay informed, leverage technology effectively, and achieve your real estate goals. Count on One REAL Augusta for all your needs. Get in touch with us!

 

Why Working with a Local Real Estate Professional Makes All the Difference

If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the millennial generation’s mantra is, “local, local, local.”

CentSai, a financial wellness online community, recently surveyed over 2,000 millennials (ages 18-34) and found that 75% of respondents would use a local real estate agent over an online agent, and 71% would choose a local lender.

Survey respondents cited many reasons for their choice to go local, “including personal touch & handholding, longstanding relationships, local knowledge, and amount of hassle.”

Doria Lavagnino, Cofounder & President of CentSai had this to say:

“We were surprised to learn that online providers are not yet as big a disruptor in this sector as we first thought, despite purported cost savings. We found that millennials place a high value on the personal touch and knowledge of a local agent. Buying a home for the first time is daunting, and working with a local agent—particularly an agent referred by a parent or friend—could provide peace of mind.”

The findings of the CentSai survey are consistent with the Consumer Housing Trends Study, which found that millennials prefer a more hands-on approach to their real estate experience:

“While older generations rely on real estate agents for information and expertise, Millennials expect real estate agents to become trusted advisers and strategic partners.”

When it comes to choosing an agent, millennials and other generations share their top priority: the sense that an agent is trustworthy and responsive to their needs.

That said, technology still plays a huge role in the real estate process. According to the National Association of Realtors, 95% of home buyers look for prospective homes and neighborhoods online, and 91% also said they would use an online site or mobile app to research homes they might consider purchasing.

Bottom Line

Many wondered if this tech-savvy generation would prefer to work with an online agent or lender, but more and more studies show that when it comes to real estate, millennials want someone they can trust, someone who knows the neighborhood they want to move into, leading them through the entire experience.

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Summer Pool Maintenance 101

Summer Pool Maintenance 101

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

Laying poolside is the quintessential way to spend a scorching summer day. It’s easy to imagine the fun that comes with owning a pool—floating in a tube on Caribbean blue waters, family poolside volleyball, romantic moonlit dips—without considering the responsibility that comes with it.

The truth is, owning a pool requires regular upkeep and maintenance: weekly vacuuming, chemical testing, and inspecting various filters, pumps, heaters, and more. By understanding the cost of owning a pool and how to properly care for it, you can learn to avoid the common and costly mistakes that take the fun out of pool ownership.

Here are six easy ways to keep your pool party-ready this summer:

  1. Know Your Chemicals
    An under-maintained pool doesn’t just look gross; it can also contain E. coli and other dangerous bacteria. On the flip side, over-chlorinating can cause swimming pool rash and eye irritation.

Fortunately, you don’t have to be a chemist to maintain proper chemical levels in your pool. Using chlorine and pH testing strips to clean your pool is straightforward with modern testing kits.

The colors on a testing kit chart represent your pH level, which tells you if you added too much or not enough chlorine. The ideal amount of chlorine and pH is:

  • a free chlorine concentration of at least 1 ppm; and
  • pH 7.2–7.8

If your pool doesn’t match these standards, simply adjust the chemicals or water levels.

Test your pool’s chemical levels at least once a week to keep maintenance work low and the water ready for swimming.

  1. Practice Quick, Daily Pool Cleaning
    Pool cleaning is just like house cleaning—doing little chores everyday can prevent a cleaning disaster at the end of the week.

One of the easiest (but most important) pool maintenance chores is skimming the top of the pool every day for leaves, bugs, and dirt. This helps your water circulate correctly and keeps you from having to add chlorine too often, improving pool feel and aesthetics.

Make sure to clean out the strainer basket and scrub the sides of the pool with a brush or pumice stone about once a week to prevent algae buildup. These tiny chores go a long way in keeping your pool clear and bacteria free.

  1. Learn to Use Your Pool Vacuum
    How often you have to vacuum depends on how vigilant you are about daily skimming, since dirt and leaves left on the surface eventually sink to the bottom.

Pool vacuums come in a wide variety of styles and prices, from largely automated robotic cleaners to handheld systems with telescopic poles.

Vacuuming the pool can require a little bit of work to set up, but it is a key ingredient to a healthy pool. The process can be about as fast and simple as vacuuming a carpet indoors once you’re familiar with the equipment.

  1. Shock Your Pool Twice a Season
    Shocking your pool can sound scary, but all it means is adding a high volume of chemicals all at once in order to “shock” the system and kill bacteria. You only have to shock your pool about twice a season to counteract contamination.

For safety, make sure to wear protective eye goggles and rubber gloves when shocking the pool. Here are a few tips to help get you started:

  • Use one pound of shock per 10,000 gallons of water.
  • Dissolve one pound of shock solution in a five-gallon bucket of warm water before adding it to the pool.
  • Once the shock is dissolved, slowly pour the solution around the pool.
  • Shocking the pool works best at evenings or night. Not only can sunlight dissolve some chemicals and make them less effective, but the chlorine levels can balance out while you’re sleeping.

Just be sure to wait until chlorine levels are back to normal (anywhere from 15 minutes to 8 hours, depending on the kind of shock you used) before going for a swim or you risk serious skin irritation.

  1. Check Your Water Level
    Everyday summer play can cause major fluctuations in your pool’s water level. The perfect water level is halfway up the skimmer line.

If your water level gets too low it could reduce safety and ruin your pool’s pump. Adding water is easy: just grab a hose and fill it up. Be careful not to overfill your pool, though. Renting a pump to lower the water level can be labor intensive and expensive.

  1. Call in the Pros
    With the above tips, you can take care of most summer pool maintenance by yourself. But, a pool is still a complex system—chemicals, heaters, filters, pipes—and sometimes even the savviest pool owners need an expert opinion.

Getting a yearly checkup by an expert to make sure all your equipment is working will save you money and keep your pool operating all summer long.

For the latest real estate news and trends, bookmark RISMedia.com.

Summer Pool Maintenance 101

#1 Reason to List Your House for Sale, NOW!

If you are debating listing your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale 

The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:

Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market.

Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase”.

The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

#1 Reason to List Your House for Sale, NOW! | Simplifying The Market

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Let’s get together and discuss the supply conditions in your neighborhood to be able to assist you in gaining access to the buyers who are ready, willing and able to buy now!

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Summer Pool Maintenance 101

How to Earn Travel Rewards Without a Credit Card

(TNS)—Credit card averse? You’re not alone. According to a recent study from Bankrate, 35 percent of adults ages 30 and over don’t have a credit card.

The bad news is, not having a travel credit card does make it more difficult to earn travel rewards—that is, unless you travel often enough to rack up loyalty points by the thousands.

While having a travel credit card does make earning points easier, if you’re patient and a little crafty, you can earn airline miles, hotel points and other rewards without using credit at all. As always, it helps to be willing to think outside the box and put in a little legwork. With some luck and time on your side, you’ll be on your way to a stash of rewards:

Shopping Portals
Certain airlines offer online shopping malls that let you earn additional points when you click through before you buy. Alaska Airlines offers Mileage Plan shopping, for example. Southwest Airlines, Virgin America, American AAdvantage and a slew of other airlines offer easy-to-use portals with lucrative offers.

If you shop online often, you have nothing to lose by earning a few miles with every purchase.

Loyalty Programs
If you’re traveling some already, it makes sense to sign up for every hotel or airline loyalty program you encounter. That way, you’ll earn miles or points for travel you actually pay for—regardless of whether you hold their co-branded credit card or not.

Dining Rewards
A handful of the most popular airlines offer dining rewards programs that dole out points for restaurant purchases. You usually have to dine at specific restaurants and meet spending thresholds to qualify, but you can earn points easily if you dine out often.

Check out the Alaska Mileage Plan Dining, the AAdvantage Dining Program by Rewards Network and the Delta SkyMiles Dining program, for starters.

E-Miles and E-Rewards
Websites such as e-Rewards.com and e-Miles.com let you earn valuable perks, airline miles and more just by participating in surveys.

“Members earn e-Miles miles that quickly add up for redemption into your favorite airline frequent flyer program, hotel loyalty program or retailer, simply for the time you spend reading and reacting to marketing messages that have been preselected to match your stated interests and advertising preferences,” according to the e-Miles website.

Best of all, signing up for either program is free. You can earn miles or points in programs such as Hilton Honors, Southwest Rapid Rewards, Alaska Mileage Plan or American AAdvantage.

Follow and Subscribe
Airlines and hotels look to engage frequent travelers by occasionally offering special promotions to their fans. You might get an extra 500 miles or hotel points for watching a video, for example.

You may also earn miles for subscribing to email updates, so make sure to subscribe for alerts from hotels or airlines you use frequently. Most of the time, these offers require very little effort on your part, and the points you earn can add up quickly.

©2017 Travelpulse

Distributed by Tribune Content Agency, LLC

For the latest real estate news and trends, bookmark RISMedia.com.

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