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Characteristics of Home Sellers in 2014

  
  
  

The National Association of REALTORS recently released some highlights from their 2014 Profile of Home Buyers and Sellers, with a section devoted to characteristics of home sellers. Did you know: real estate statistics

  • 40% of home sellers traded up to a larger sized home, 47% purchased a more expensive home, and 53% purchased a newer home.
  • The typical seller lived in their home for 10 years. The median tenure has increased in recent years. In 2007, the typical tenure in home was only 6 years.
  • 88% of sellers were assisted by a real estate agent when selling their home.
  • Recent sellers typically sold their homes for 97% the listing price, and 45% reported they reduced the initial asking price at least once.
  • 17% of recent sellers had to delay or stall selling their home because the value of their home was worth less than their mortgage.
  • 36% of sellers offered incentives to attract buyers, most often assistance with home warranty policies and closing costs.

If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised. 

How Much is My Home Worth?

 

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Characteristics of Home Buyers in 2014

  
  
  

The National Association of REALTORS recently released some highlights from their 2014 Profile of Home Buyers and Sellers, with a section devoted to characteristics of home buyers.  Did you know:home buyers

  • 33% of recent home buyers were first-time buyers, which is still suppressed from the historical norm of 40% percent among primary residence buyers.
  • 13% of buyers purchased a multi-generationalhome due to cost savings, children over the age of 18 moving back into the house, and health and caretaking of aging parents.
  • The typical first-time buyer was 31-years-old, while the typical repeat buyer was 53.
  • The 2013 median household income of buyers was $84,500. The median income was $68,300 among first-time buyers and $95,000 among repeat buyers.
  • 65% of recent home buyers were married couples.
  • For 24% of recent home buyers, the primary reason for the recent home purchase was a desire to own a home, while 9% purchased due to a job-related relocation or move, and 8% bought for the desire to be in a better area or a change in family situation.
Are you looking to start the home buying process? Email us at concierge@lizmoore.com, we'd love to help! Or, click below to download our free Home Buyer's Handbook.
Download Our FREE Home Buyer's Handbook

 

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Last Weekend to Tour the Southern Living Showcase Home!

  
  
  

The 2014 Southern Living Showcase Home will be open for just one more weekend - don't miss out!southern living showcase home

Inspired by the pages of Southern Living magazine, the award winning team at Wayne Harbin, Builders is building “Harrison Place,” a 3,500 square foot, fully furnished and decorated show home, outside the gate on Fords Colony Drive.  Preferred subcontractors are featuring the latest and greatest trends in home design, interior finishes, and home electronics.  Unleash your inner chef with on-site cooking demonstrations in our fabulous kitchen, discover imaginative landscaping and outdoor space ideas, and find design inspiration and style tips in every room!  Check out our Facebook page for photos, videos and other updates.

The Southern Living Showcase Home will be open for tours this Friday through Sunday from 10-5.  Tickets are on sale now at www.WilliamsburgShowcaseHome.com, or can be purchased at the door, with proceeds benefiting Habitat for Humanity and Operation Finally Home.  12 passenger shuttle buses will run every 15 minutes from the Fords Colony Country Club, where you can learn more about the community named the number one master plan in America, and touted year after year as one of the top places in the country to retire.

For more information on the Harbin Southern Living Showcase Home in Fords Colony or building your dream home in Williamsburg, call our new homes team at 757-645-4106 or email us at newhomes@lizmoore.com.

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Peninsula Real Estate Market Holds Steady

  
  
  

The numbers are in for the month of October, and the real estate trends are showing a steady forecast for the holiday selling season on the Virginia Peninsula.Virginia Peninsula real estate market

  • Months Supply of Inventory - 7.3
    Six months of inventory is considered a balanced market.  
  • Current Median Sold Price - up slightly to $162,000
     
  • % of Sold Price to List Price - 97.6%
     
  • Average Days on Market - 98.3
     
  • Closed Sales - up 3%

 

If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

How Much is My Home Worth?

 

Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

 

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How's the Real Estate Market Heading into the Holidays?

  
  
  

The numbers are in for the month of October, and the real estate trends are showing a steady forecast for the holiday selling season in Williamsburg, Virginia.Williamsburg real estate market

  • Months Supply of Inventory - 7.2
    Six months of inventory is considered a balanced market.  Inventory levels remain level, so we are expecting a steady market.
  • Current Median Sold Price - up slightly to $290,000
     
  • % of Sold Price to List Price - 98%
     
  • Average Days on Market - 57
     
  • Closed Sales - down 12.2%

 

If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

How Much is My Home Worth?

 

Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

 

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5 Tips for Selling Your Home During the Holiday Season

  
  
  

Selling your home between Thanksgiving and New Year's Day might sound scary, but it doesn't have to be.  Dave Ramsey has five tips for selling your home...and surviving...during the holiday season.selling your home

1.  Deck the Halls (But Not Too Much)
There’s no reason to box up your Christmas spirit this year. Just keep decorations simple and remove as much clutter as you can to make space for the buyer.  However, do make sure the pictures are taken before you decorate.  You don't want the photos of Christmas lights lining your yard floating around for buyers to see in March.  

2.  Crank Up the Cozy
Nothing stirs up nostalgia quite like the holiday season. And, folks, nostalgia sells! Some things to consider:

  • Build a roaring fire in your hearth.
  • Spring for a live Christmas tree.
  • Prepare fresh-baked goods, mulled cider or hot cocoa.
  • Play soft Christmas music in the background.

3.  Make a List (and Check It Twice)
If you feel overwhelmed by all the things that have to get done each day, why not take a few cues from Santa? Create a checklist and walk through your house daily.  This will prevent the last minute panic right before a showing.

4.  Get the Whole Family Involved
There’s an upside to having hordes of family around when your home’s on the market. You have lots of extra hands to help!

5.  Partner With a Pro to Minimize Stress
Maintaining a show-ready home during the holidays isn’t easy, but it doesn’t have to keep you from enjoying the family traditions you love best. Find balance by leaning on an experienced real estate agent who knows the joys of selling a home this time of year and won’t leave you lingering on the market.

Are you thinking of selling your home?  We'd love to show you the many marketing components we can use to get your home sold quickly for top dollar, AND save you time AND money!  Email us at concierge@lizmoore.com, or click below to fill out our Seller Interview. 

 

Complete Our Seller Interview

  

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Meet the Designer this Weekend at the Southern Living Showcase Home

  
  
  

Southern Living Showcase HomeYou can meet  Christine Estep, owner of Jackson Thomas Interiors and designer of the 2014 Southern Living Showcase Home, this weekend as your tour the home in Ford's Colony, Williamsburg, Virginia.  Come be inspired by Christine as she shares the latest trends in interior design.  The schedule and list of topics is as follows:

Friday, Nov. 7th at 1 & 4pm – Light Control, Insulation Factors, Design and Function of Window Treatments

  • Hunter Douglas
  • Drapery linings and fabrics

Saturday, Nov. 8th at 11am & 2pm - Room Design

  • Maintenance free alternatives to achieve the high end look of marbles and stones/solid surfaces that are rich in design and low maintenance
  • Upholstery and new materials on casegoods - pulling a room together with collages of fabrics that are durable and functional as well as beautiful!

Sunday, Nov. 9th at 1 & 4pm - What are the Trends in Design?

  • Is wallpaper in or out – why grasscloth?
  • Surfaces, tiles and other ways to make your homes beautiful
  • Metallic paints

The Southern Living Showcase Home will open to the public for tours beginning November 7th, Friday through Sunday from 10-5.  Tickets are on sale now at www.WilliamsburgShowcaseHome.com, with proceeds benefiting Habitat for Humanity and Operation Welcome Home.  12 passenger shuttle buses will run every 15 minutes from the Fords Colony Country Club, where you can learn more about the community named the number one master plan in America, and touted year after year as one of the top places in the country to retire.

For more information on the Harbin Southern Living Showcase Home in Fords Colony or building your dream home in Williamsburg, call our new homes team at 757-645-4106 or email us at newhomes@lizmoore.com.

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Southern Living Showcase Home Calendar of Events

  
  
  

Southern living HomeIn addition to being able to tour “Harrison Place“, the 2014 Southern Living Custom Builder Program Showcase Home in Ford's Colony, many events will be taking place throughout the three week long show.  With something for everyone, you don’t want to miss this opportunity to see this beautiful home.  Preferred subcontractors are featuring the latest and greatest trends in home design, interior finishes, and home electronics.  Unleash your inner chef with on-site cooking demonstrations in our fabulous kitchen, discover imaginative landscaping and outdoor space ideas, and find design inspiration and style tips in every room!  Below is the calendar of events:

Friday, Nov.7th, 10 am - Show Opens!

Friday, Nov. 7th, 1 pm & 4pm - Meet the Designer with Christine Estep, Jackson Thomas Interiors

Saturday, Nov.8th, 11 am & 2pm - Meet the Designer with Christine Estep, Jackson Thomas Interiors            

Saturday, Nov.8th, 11:30 am - Landscape, Belgard Hardscape & Outdoor Living with Brian Almond, Living Image Landscapes              

Saturday, Nov. 8th, 1 pm - Cookie Decorating with Great American Cookies

Sunday, Nov. 9th, 1pm & 4pm - Meet the Designer with Christine Estep, Jackson Thomas Interiors               

Sunday, Nov. 9th, 2 pm - Cooking Demonstration with Center Street Grille

Saturday, Nov.15th, 10:30 am - Landscape, Belgard Hardscape & Outdoor Living with Brian Almond, Living Image Landscapes

Saturday, Nov. 15th, 2:30 - Cooking Demonstration with Le Yaca

Saturday, Nov. 22nd, noon - Landscape, Belgard Hardscape & Outdoor Living with Brian Almond, Living Image Landscapes

Saturday, Nov. 22nd, 2:30 - Cake Decorating with Cakealicious

The Southern Living Showcase Home will open to the public for tours beginning November 7th, Friday through Sunday from 10-5.  Tickets are on sale now for $10 in advance ($12 at the door) at www.WilliamsburgShowcaseHome.com, with proceeds benefiting Habitat for Humanity and Operation Welcome Home.  12 passenger shuttle buses will run every 15 minutes from the Fords Colony Country Club, where you can learn more about the community named the number one master plan in America, and touted year after year as one of the top places in the country to retire.

For more information on the Harbin Southern Living Showcase Home in Fords Colony or building your dream home in Williamsburg, call our new homes team at 757-645-4106 or email us at newhomes@lizmoore.com.

 Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

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Can You Guess the Price of the Southern Living Showcase Home?

  
  
  

Southern Living Showcase HomeThe 2014 Southern Living Custom Builder Program Showcase Home is the latest home on the Liz Moore and Associates' online contest, Guess the Price. Guess correctly and you could win a free lunch at  Opus 9.  Playing is easy!  Go to www.lizmoore.com/guess , check out the featured home and submit your guess for what you think the list price will be.  Can you price it like a pro?

The Southern Living Showcase Home will open to the public for tours beginning November 7th, Friday through Sunday from 10-5.  Tickets are on sale now for $10 in advance ($12 at the door) at www.WilliamsburgShowcaseHome.com, with proceeds benefiting Habitat for Humanity and Operation Welcome Home.  12 passenger shuttle buses will run every 15 minutes from the Fords Colony Country Club, where you can learn more about the community named the number one master plan in America, and touted year after year as one of the top places in the country to retire.

For more information on the Harbin Southern Living Showcase Home in Fords Colony or building your dream home in Williamsburg, call our new homes team at 757-645-4106 or email us at newhomes@lizmoore.com.

 Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

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9 Things to Consider Before Making an Offer on a Home

  
  
  

There are many things to consider when buying a home, in addition to things like number of bedrooms and overall square footage.  REALTOR.com has a list of topics you should do your homework on before you sign on the dotted line.buying a home

1. Search for neighborhood information online.
If you already live in the community, you may be able to skip this step, but it’s always a good idea to find out as much as you can about the neighborhood.

2. Check the crime report.
Your local police station will have statistics on crime and you can also go to www.crimereports.com to find information according to a particular address or ZIP code.

3. Check on the schools.
Even if you don’t have children, buying a home in a good school district is an important way to make sure your home maintains its value. You can find information on each school district website or go to www.GreatSchools.com for ratings.

4. Check for local amenities.
You can go to Google Maps for a Street View of a community to see what’s nearby, or visit www.WalkScore.com to find out what is within walking distance of the home. If you have a particular activity that you enjoy, such as tennis or golf or swimming, find out how far you’ll have to go to get to a facility.

5. Check for neighborhood amenities.
If you’re buying within a homeowners association, you can usually find information online about community activities, but even in areas without an association some neighborhoods have frequent community-wide gatherings or sports leagues.

6. Visit the home at different times of day.
If you want to know what it will be like to live somewhere, visit on a weekday, a weeknight and a weekend to see how quiet or active the area will be.

7. Test your commute.
If you only visit a home on a weekend you’ll have no idea what the traffic pattern is like during rush hour, which could have a big impact on your enjoyment of the property.

8. Talk to the sellers.
If the sellers are willing to share information with you, they’re the best resource of all to learn about the community and the house. You can ask the sellers about renovations they’ve done and even talk to them about whether your plans for the house are possible.

9. Ask about taxes, homeowner association dues, homeowners insurance and utility bills.

Are you looking to start the home buying process?  Email us at concierge@lizmoore.com, we'd love to help! Or, click below to download our free Home Buyer's Handbook.

Download Our FREE Home Buyer's Handbook

 

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