Monthly Market Update May 2017
This is Christina Swain with your monthly Market update! Inventory has remained low, and the buyer’s are out in full force. Summer is creeping up on us and the kids will be out of school which means the buyer’s are ready to purchase! Low inventory has created a higher demand in the market. Add to that a drastic increase in sales and reduction in marketing period and it is arguable the best time to sell a house.
So why not capitalize on that demand and drive it up higher to net more? How about netting $10K more? It is easy, hire expert realtors, like us and we invest in the marketing of your home with Professional Pictures.
Pictures are your number 1 marketing tool! Buyers search by pictures online when looking at homes. 92% of home buyers are online searching so your pictures need to be professional. Rooms need to look as large and bright as possible!
Let’s review how buyer’s search for homes. Buyer’s start their search by going online and entering in criteria. Their results pop up and they go through each home by looking at the photos. You only have about 5-10 seconds to capture a buyer’s attention online. So your pictures are critical at this point. It is at this point when a buyer drawn in by your pictures will read the description and further details on your home.
Buyers buy with emotion, and we want your pictures to elicit that emotional response online so we draw the most buyers through the door. More buyers looking at your home means you are able to net the most.
To summarize, you need AWESOME pictures to get a good number of appointments. Buyers are less likely to be interested in your home if your pictures don’t do your home justice.
You May Not ready to sell now, so It’s important that you plan ahead for exterior photos. Now that it’s spring, your home probably looks really good right now.
The Swain Team offers a free Photo Shoot of your home's exterior when your home looks at it's best. This sets you apart from the competition. All other sellers have snow, leaves, and dead grass in their pictures you will have a bright sunny day with all the flowers in bloom. This makes your home much more attractive to buyers. If you are arriving home one day and your home is at it's best. Give us a call 215-757-7257.
Ultimately, you should hire your expert Realtor months to years in advance to do this for you. WORK WITH An expert REALTOR WHO UNDERSTANDS HOW TO USE Innovative marketing techinques.
If you are ready to buy, sell or just have any real estate questions, contact us today at 215-757-7257 or TheSwainTeam@gmail.com. We are happy to help!
23 Valley View Way, Newtown, PA 18940
Coming Soon!...June 2, 2017
Coming Soon!...June 2, 2017. To learn more about this home or to schedule a tour in advance, please call 215-757-7257 or email: TheSwainTeam@gmail.com
Meticulously maintained home situated on premium lot with no homes in the immediate rear, offering expansive views as far as the eye can see. Step inside to the foyer accented by gleaming hardwood floors that extend through to the dining room, and eat in kitchen. The bright and airy eat in kitchen has been completely remodeled and is sure to please! The kitchen features SS appliances, newer cabinets, recessed lighting and granite countertops. The kitchen opens to the bright and airy family room with wood fireplace. 1st floor laundry/mud room and completely remodeled powder room complete the first floor. Upstairs features four spacious Bedrooms including Master Suite with vaulted ceiling, remodeled Master Bath and large walk-in closet. The 3 remaining Bedrooms, and second full bath area complete the 2nd Floor. The tastefully Finished Basement features open entertaining/play area and separate area for storage. Just minutes from I-95 and the Turnpike. Located in the Council Rock School System this meticulously cared-for home is adjacent to Newtown Boro's quaint shops and restaurants
Coming Soon!...June 2, 2017
April 2017 Market Update
Now is the Time to Sell!
Earlier this year we told you it was a good time to sell a house. Low inventory, strong market demand and an early spring created the right conditions for a strong sellers market.
Inventory and demand have not let up! Add to that a drastic increase in sales and reduction in marketing period and it is arguable the best time to sell a house since the mortgage crisis in 2008
If you’ve been on the fence about selling, now is the time to give us a call,
There has been a 16% increase in sales compared to 2016.
Inventory may be low, but that’s not deterring buyers. Year over year sales have increased 16%. Increased sales weren’t the only good news. Median Sold Price on these sales was up 4% compared to March 2016 and has reached a 9 year high.
There were 15,000 more showings this March compared to March 2016. Combine that with the decrease in inventory and the ratio of showing appointment to active listings was at an all time high of almost 6 to 1.
Considering not all active listings are appealing to buyers, that ratio is likely much higher when you factor in highly sought after neighborhoods and price ranges.
There are 10% fewer listings compared to 2016.
There were 5,000 fewer listings this March than were available last March. While that might not sound huge, consider this: listing inventory has not been this low in the peak spring market in over a decade.
The bottom line is: Consumers are ready to buy, they’re willing to pay a higher price, and they’re eager to view more properties. Now is the time sell!
To learn how to sell for the most, come to our next Home Selling Seminar at the Sheraton in Langhorne on May 4, at 6:30 pm.
If you are thinking about selling, contact us today at 215-757-7257 or TheSwainTeam@gmail.com to learn how we can help you sell for the most!
April 2017 Market Update
The Swain Team sells Home in 1 day!
Sold in 1 DAY! This Pennsbury school district home was placed on the market on a Thursday afternoon and our seller had a FULL PRICE offer the next morning! The home wasn’t even on the market for a full 24-hours before an offer was received. The home was priced within 3% of the market just as we advised, to facilitate a sale within 30 days. Mortgage rates are historically low so the buyers are out there and getting great rates from their mortgage lenders. The story of this sale proves that with expert Realtors on your side we can get your home sold FAST for the most money. The Swain Team employs advanced marketing tactics to ensure the highest demand for your home. The higher demand for your home = More Money!
So, please don’t keep us a secret! If you or someone you know is looking to buy or sell a home, give us a call at 215-757-7257 or email us at TheSwainTeam@gmail.com. We’d love to help you with all your real estate needs! We’re always here to help!
Credit scores for millions of Americans may soon increase due to two major changes in credit scoring.
Starting July 1, the three major credit agencies — Experian, Equifax and TransUnion — are dropping certain negative information from credit reports, including tax liens and civil judgments.
According to FICO, out of the 200 million Americans with credit scores, 12 million consumers will see them increase in July. However, it may not be by much. FICO projects 11 million consumers will see a score increase of less than 20 points.
"It's good news for the consumer, clearly, because the credit score is used almost ubiquitously across the world of consumer finance, and lenders use it, insurance companies use it, credit carders use it," said John Ulzheimer, a credit specialist who has worked for Equifax and FICO.
If you are interested in buying, contact The Swain Team today for a free Buyer Consultation. We will review the process with you as well as help you get preapproved and find the best loan program available for you. 215-757-7257 or TheSwainTeam@gmail.com
Positive Changes in Credit Scoring Coming July 2017
Research shows that Americans are confident in the economy. In fact, a recent Gallup poll states that Americans view the economy more positively since the election in November than they did in the previous nine years.
The housing market has remained steady, since last spring. We did not home sales dip in Novemeber, December or January. Normally, spring is thought to be the optimal time to sell however demand for housing did remain high over the winter.
Jonathan Smoke, the chief economist at realtor.com, stated in his latest article that “In most markets most years, the optimal time to list is in the spring so that the maximum number of potential buyers view the home. This year, the conventional wisdom of buying and selling may need to change. Inventory levels at the beginning of 2017 are at multi-year lows. Sellers now face very little competition.”
As I am sure you know Interest rates on the rise.
In a recent survey of loan officers that asked them how they thought rising rates will impact demand for mortgages, 16.7% said it would have no impact because there is not enough supply to fulfill current demand. Another 16.7% said rising rates will weaken demand. I agree with that assertion. The vast majority of people moving on—they’re just going to have to pay more.
If you’re a first-time buyer or a seller who’s thinking about buying, you have to take into consideration that if you wait until later in the year, you will have to spend more money. All experts are projecting that interest rates will continue to rise throughout the year.
Let’s take a look at where the experts are projecting rates to be in the next three quarters:
If we look at the average interest rates are going to rise about a tenth of percent each quarter. So why wait?
I have had clients reach out to me and ask if interest rates go up, will my home value decrease?
In this economy, that does not appear to be the case. The fact remains that there is low inventory out there and that drives the demand up.
CoreLogic Chief Economist Frank Nothaft said, “Very low mortgage rates sparked demand, and with inventories low, the result has been a pickup in home-price growth.”
If you have any questions about our market or are thinking about buying or selling a home, please don’t hesitate to reach out to us. (215) 757-7257 or TheSwainTeam@gmail.com.
In the meantime, be on the lookout for my next video market update.
39 Rain Lily Rd., Levittown, PA 19056
Coming Soon!...Mid-April! To learn more about this home or to schedule a tour in advance, please call 215-757-7257 or email: TheSwainTeam@gmail.com
Great Location! Well maintained country clubber with 6 bedrooms and 3 bathrooms. Step inside to the foyer with ceramic tile floor and decorative entry door. Step inside to the bright & airy living room accented by the fireplace. The living room opens to the banquet sized dining room. The sliding glass door in the dining room leads to the enclosed 25 x 11 sunroom. The remodeled eat in kitchen features maple cabinets, granite countertops, glass top range, and more! From the kitchen you can access the garage and the laundry room located there. For your convenience there is a large master bedroom suite on the first floor with a private full updated bathroom. Two nicely sized bedrooms and an updated full bathroom complete the first floor. Upstairs hosts three bedrooms and a full bathroom. The upstairs bedroom to the left offers walk in attic access for all your storage needs. Let the rear yard be your oasis for summer fun! The fenced rear yard offers privacy while you swim in your inground pool with diving board and sliding board!
7204 Radcliffe St., Bristol, PA 19007
Coming Soon!...Mid-April! To learn more about this home or to schedule a tour in advance, please call 215-757-7257 or email us at: TheSwainTeam@gmail.com
Like New Construction offering river views. Completely Remodeled with high end finishes!!! As you drive up take notice of the prominent pergolas that overhang both sides of the driveway. The picturesque porch is ideal for relaxing with a cup of coffee. Step into the home through the oversized (4’2”x 9’ 6”) ornate mahogany door. The spacious open floor plan is sure to please! Hard wood floors throughout the entire home. The bright and airy living room features a coffered ceiling. The gourmet chef in your family will fall in love with the stainless steel restaurant style eat in kitchen. Featuring: a 54” Double Door Refrigerator, 54” Double Door Freezer, 48” 6 Burner gas range with double oven and grille pot filler for your convenience, and three bay sink with dual faucets and pre-rinse faucet. Sliding glass doors off the kitchen lead to the outdoor entertaining area with exterior commercial natural gas grilles (36” chargrille & 24” Flat top). The first floor master suite offers a recessed ceiling with dual rotational ceiling fan and sliding glass door leading to the private side deck. The private bathroom with ceramic tile floor, pedestal sink, Jetted tub with ceramic tile surround. Upstairs hosts two master suites with 10.6ft ceilings as well as a laundry room. The first spacious suite is illuminated by recessed lighting and a dual rotational ceiling fan and offers a sizeable walk in closet. The bathroom includes upgraded his & her vanity, ceramic tile floor, and a large walk in shower. In the second suite you will enjoy river views as well as a sliding glass door leading the upper deck. Just imagine sitting outside on a spring evening as the sun goes down and enjoying the view. The master bathroom offers a custom ceramic tile shower with seating, his & her vanity, and storage space. The expansive rear yard includes vinyl privacy fencing.
The home underwent a complete renovation down to the foundation in 2008, 2x6 construction (walls) engineered floor joist & beams. Anderson 400 Series windows with custom grilles, and Anderson Frenchwood Hinged Double doors with both sides operating were installed. 3 ½ in trim throughout with 5 ½ in baseboards accent each room. 9ft ceilings on the first floor, 10’ 6” on the second floor each room except baths have ¾ x 5 ½ hardwood flooring. All plumbing, water, sewer, and gas have been replaced. There are two HVAC systems that are gas condensing furnaces & Central air. Home also features a newer roof (2009), 200 amp electric, tankless hot water heater, fenced yard, garage, 2 laundry rooms one upstairs and one in the basement), walk out basement and a 3rd floor for storage.
328 Flint Rd., Langhorne, PA 19047
Coming Soon!...End of March!
Coming Soon!...End of March! To learn more about this home or to schedule a tour in advance, please call 215-757-7257 or email TheSwainTeam@gmail.com
Step inside to the welcoming foyer. The bright and airy living room has pocket doors that open to the family room accented by a brick hearth fireplace. The spacious dining room is ideal for entertaining or a family gathering. Natural light floods the updated kitchen and breakfast room through the sliding glass door that leads to the rear patio. The laundry room offers ample storage with cabinets and counter top space to fold laundry. Upstairs hosts 4 bedrooms and 2 full bathrooms. The oversized master bedroom suite is sure to please with walk in closets and a private master bathroom suite. The master bedroom sitting room (12x9) has been converted to a large walk in closet highlighted by a skylight and recessed lighting. The bright master bathroom has been remodeled and offers new ceramic tile and his/her sinks. The large rear yard is perfect for a summer BBQ with friends. As an added bonus there are no homes immediately in the rear. The home also features a 2 car garage.
Coming Soon!...End of March!
22 Wilfred Ave., Titusville, NJ 08560
Coming Soon!...Mid-March! To learn about this home or to schedule a tour in advance, please call 215-757-7257 or email TheSwainTeam@gmail.com.
Charming home offering main floor living. Within walking distance of Washington Crossing State park, the Delaware River and tow path. The cul-de sac street creates a very quiet atmosphere and it is only 30 minutes to center city Philadelphia, 20 min to Princeton or the Trenton Train Station, 10 min to a municipal golf course and 5 min to I-95. The updated Eat in Kitchen boasts new flooring, recessed lighting, built-in hutch with book shelves and gas cooking. The remodeled bath features a ceramic tile floor, newer toilet and vanity with granite countertop. Natural light floods the oversized living room. The master bedroom suite offers ample closet space and a half bathroom. The office can easily be used as a third bedroom. The home also features fresh paint, new carpeting, off street parking, an oversized garage, and basement. The picturesque rear yard in a private setting offering a shed, and a large 32 x 10 trex deck with hot tub. Great location if you enjoy outdoor activities like walking/cycling on the tow path, canoeing/kayaking on the canal or watching outdoor theater at Washington Crossing State Park. The home also features 2002 New chimney, 2003 garage built, 2005 shed built, 2005 electric service up grade & 200Amp, 2007 new roof, 2007 siding and insulation, 2007 new heater, 2007 basement and retaining wall next to garage, 2013 20 KW propane Generator and 125 Amp service to garage. Conveniently located near New Hope, Lambertville and Princeton. Easily accessible to I-95 and Philadelphia.