The Liz Moore Market Watch Blog

Closed Sales in Greater Williamsburg are Up 2%

Posted by Lynnette Tully on Thu, May 26, 2016 @ 03:11 PM

Williamsburg.jpgClosed sales in the Greater Williamsburg real estate market are up 2%!

2016 has lagged behind 2015 in closings until April, when year to date closings (402) surpassed last year to date closings (394).  Pending sales are up over 20% so far this year, which means that closings should post an even stronger gain in the 2nd quarter of this year.

*Statistics are from the Williamsburg Multiple Listing Service, and are based on January – April, and run date May 23rd, 2016.

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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Tags: Home Sale Statistics & Trends, Williamsburg

Southern Living Showcase Home Filled with Upgrades and Extra Features

Posted by Lynnette Tully on Wed, May 25, 2016 @ 02:53 PM

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The Southern Living Showcase Home, located at 109 Ford's Colony Drive, is loaded with impeccable upgrades and extra features and is now available for a reduced price at $850,000.

Click Here to Download the Brochure of Extras

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!

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.

Click below to download our brochure that will walk you through these fine features - everything from lighting, to flooring, to electronics, and much more!

Download Upgrades & Extras

Tags: Fords Colony, New Homes, Williamsburg

Profile of Home Buyers and Sellers: The Home Search Process

Posted by Lynnette Tully on Tue, May 24, 2016 @ 01:36 PM

The National Association of REALTORS recently released some highlights from their 2015 Profile of Home Buyers and Sellers, with a section devoted to the home search process.  Did you know:Buying-a-Home-Keys.jpg

  • For 42% of recent buyers, the first step that they took in the home buying process was to look online at properties for sale, while 14 percent of buyers first contacted a real estate agent.

  • 78% of recent buyers found their real estate agent to be a very useful information source. Online
    websites were seen as a very useful information source at 82%.

  • Buyers typically searched for 10 weeks and looked at a median of 10 homes.

  • The typical buyer who did not use the Internet during their home search spent only five weeks searching and visited five homes, compared to those who did use the Internet and searched for 10 weeks and visited 10 homes.

  • Among buyers who used the Internet during their home search, 87% of buyers found photos and 84% found detailed information about properties for sale very useful.

  • 59% of recent buyers were very satisfied with their recent home buying process, up from 56% a year
    ago.
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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Tags: Buyers

Liz Moore Agents Raise Money for the American Diabetes Association

Posted by Lynnette Tully on Thu, May 19, 2016 @ 11:31 AM

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On Saturday, April 30th, a team of Liz Moore agents, family, and friends (a.k.a. The Touring Tamatas) participated the Tour de Cure to raise money for the American Diabetes Association.

The Tour de Cure is a series of fundraising cycling events held in 44 states nationwide. The Tour is a ride, not a race, with routes designed for everyone from the occasional rider to the experienced cyclist. 

The Touring Tamatas were sponsored by local mortgage lenders and Lytle Title, and raised $6,335 for the American Diabetes Association!  Thank you to everyone who supported our team!

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Tags: Community

What to Expect When You're Selling, Part 6: Just Listed Cards, Feature Sheets, Sign & Lockbox

Posted by Lynnette Tully on Wed, May 18, 2016 @ 03:44 PM

When you sell your home, your agent will coordinate many "behind the scenes" activities that will help get your property in front of as many potential buyers as possible, as well as in front of other agents who have clients looking for homes.  checklist.jpg

Click Here Download "What to Expect When You Sell"

Once the photography is complete, we will order “just listed” postcards and glossy, color feature sheets. We use a graphic designer, and the turnaround can be up to a week depending on the number of new listings hitting the market at that time (or more, depending on how much back and forth with edits and proofs).

Once your listing is “live” in MLS, then we order the sign and lock box to be installed. MLS rules prohibit us from putting up a sign before the listing is active (which makes sense – we wouldn’t want a prospective buyer to call their agent after seeing the sign, and the agent not have access to the listing information). Accordingly, our sign installer has to juggle multiple orders each day, and his schedule cannot always be predicted in advance due to volume and the distance between listings. He guarantees us that your sign will be installed within 72 hours of the listing going live, and we try our best to make it happen the day after, if his schedule allows.

In many cases, we are required to call Miss Utility in advance of installing your sign, and will need to wait for demarcation of utility lines. If you have an invisible fence, or a special request regarding the placement of your sign, please let me know BEFORE the listing is active, so that I can include that on the work order.

Putting your home on the market can be overwhelming, so we’ve prepared this guide as an overview of what you can expect each step of the way when you list your home with Liz Moore & Associates.  

Click below to download "What to Expect When You Sell" and have all of your questions answered!

Download

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Tags: Sellers

Kayaks and New Prices in River's Bend at Uncle's Neck!

Posted by Lynnette Tully on Mon, May 16, 2016 @ 03:03 PM

Capture-6.jpg

Just 15 minutes from town, down a relaxing drive off Forge Road, you’ll find this special community of waterfront homes along the shores of the Chickahominy River.

Bordering the Chickahominy River with riverfront and creek front sites available, Rivers Bend at Uncle’s Neck offers a rare opportunity to own acreage on navigable deep water.  Residents can enjoy the various recreational opportunities including boating and fishing on Uncle’s Neck Creek or the Chickahominy River, nature trails and wildlife meadows. 

We are giving away two complementary kayaks to our next three buyers, and prices have just been reduced! Click below to download our updated price list.  

Download the River's Bend at Uncle's Neck Price List

 

Tags: Buyers, Rivers Bend at Uncles Neck, New Homes, Williamsburg

Top Trends in Bathroom Renovations

Posted by Lynnette Tully on Fri, May 13, 2016 @ 03:07 PM

Are you planning to renovate your bathroom before putting your house on the market?  

Click to Find Out How Much Your Home is Worth 

Residential_Suite_Bathroom.jpgHouzz.com did a study on the top trends in bathroom renovations.  Before you start swinging the hammer, it is important to know what your potential buyer might be looking for.  Did you know...

60% of homeowners who are renovating their bathrooms are renovating their master bathrooms.

91% of homeowners are installing high-efficiency toilets.

79% of homeowners prefer glass shower doors over a shower curtain. 

Bathtub?
59% of homeowners 65+ plan to skip a tub in the master or other full bath.
36% of homeowners 25-34 years old plan to skip a tub in the master.
39% of homeowners 25-34 years old plan to skip it in another full bathroom.

One Sink or Two?
91% of homeowners are replacing their master bathroom sink.
45% of homeowners 25-44 years old are installing two sinks.
58% of homeowners 45+ are installing two sinks.

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?  
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Tags: Buyers, Sellers

The Liz Moore Summer Open House Extravaganza is Back!

Posted by Lynnette Tully on Thu, May 12, 2016 @ 12:28 PM

Calling all house hunters!  Visit a Liz Moore open house between May 14th and September 15th, 2016 and you'll be entered into a drawing to win some amazing prizes.  

LMA_open-web-banner.jpg

House hunters can register for the drawing at every Liz Moore open house.  The more you visit, the better your chances are of winning!
 
Click below for a list of open houses and to view complete contest rules.
 
Summer Open House Extravaganza Participating Properties
 
 

Tags: Buyers, Sellers, Hampton, New Kent, York County, Newport News, Poquoson, New Homes, Home Page, Williamsburg

8 Outdoor Trends That Attract Buyers

Posted by Lynnette Tully on Wed, May 11, 2016 @ 02:52 PM

When selling your home, make sure you spend time staging and updating your outdoor spaces just like you would your indoor spaces, especially in the Spring and Summer months.  

Click to Find Out How Much Your Home is WorthPatioPergola_B.jpg

RISMedia recently posted a list of eight outdoor trends that attract buyers:

Outdoor Structures

Outdoor structures make the backyard, and even the front yard in some homes, more functional. An outdoor structure can be something simple — like a storage shed — that makes the space more functional. Or, it can be an outdoor shelter — like a gazebo or pergola — that provides more outdoor living space. 

Privacy in Outdoor Spaces

The outdoor living space is considered more than just a backyard for the modern buyer. Today, the outdoor space is an extension of the home. People are moving indoor furniture outdoors, adding fireplaces and even installing televisions. Yet when they are relaxing outside, individuals want a measure of privacy. No one wants to be gawked at when enjoying a drink and watching the game after a long day at work.

What does this mean as you are upgrading your outdoor space? If possible, add some privacy to the space to create a room that is an extension of the home. Put up walls around the pergola or choose an enclosed gazebo to do this easily.

Outdoor Kitchen

More and more meals are being cooked outdoors, and the modern outdoor kitchen includes more than just a grill and a picnic table. An outdoor sink, range and even oven can make your home more inviting. Of course, you will need to weigh the costs of this upgrade against the potential benefits; but if you have a great outdoor entertaining space, consider adding an outdoor kitchen to attract potential buyers.

Outdoor Lighting

Outdoor lighting appeals to buyers for a number of reasons: First, it improves the function of the space, making it easier to enjoy an outdoor living space even after dark. A well-lit deck lends itself well to summer barbecues and parties that continue after midnight.

Outdoor lighting also helps attract buyers by making the home more visible when they drive by the property, even if they drive by after dark. Good outdoor lighting will make the home inviting at all times of day. Also, it helps improve the security of the property, which may be important to select buyers.

Low-Maintenance Landscaping

Most home sellers know they should improve and upgrade their garden areas, but do so carefully. A lush, yet high-maintenance garden may detract from your home's ability to sell. Many of today's buyers are busy and do not have the time it takes to tend a garden.

When upgrading your landscaping, go as low-maintenance as possible, while still ensuring that the home is attractive. Perennials that grow well in your area can add a splash of color, but do not need to be replanted year after year. Mulch or rock can keep weeds at bay while giving the space a finished look. Automatic watering systems help ensure the plants have enough moisture to thrive, without requiring the owner to keep track of watering schedules. Don't forget to add stone walkways and decorative items to improve the aesthetics of the space, without adding maintenance efforts.

Natural Wood and Stone

Natural wood and stone features on the home — even if they are made from faux materials like vinyl — attract the modern buyer. This design trend can make an outdated home look modern on the exterior, causing more buyers to stop and schedule a showing. It can also boost the appeal of a modern home by helping it to stand out from a crowded marketplace.

Fire Pits or Fireplaces

If you have a modest budget, but want to add an outdoor feature that will increase your home's potential value, consider adding a fire pit or outdoor fireplace. You can even do this as a DIY project if you have the time. A fire pit provides a comfortable, logical place for outdoor entertaining or simply enjoying s'mores together as a family.

Permanent Seating

Many homeowners pull out all the stops when it comes to building decks, patios and outdoor entertaining spaces, but forget the most important part — seating. While you can add seating through outdoor furnishings, this will not add value to the property in the opinion of a buyer. Consider a permanent, built-in seating option, like a bench built into the deck or a picnic table that stays with the property.

The first step in pricing your home right is finding a professional real estate agent who can help you do just that.  Email us at concierge@lizmoore.com or click below for a complementary market analysis on your home.

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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Tags: Sellers

Inventory Drops to a Five Month Supply on the Peninsula

Posted by Liz Moore on Fri, May 06, 2016 @ 03:09 PM

Pen.jpg

A steadily declining supply of inventory has led to a robust Spring market on the Virginia Peninsula (REIN MLS areas 101-112).

Click to Find Out How Much Your Home is Worth

The current market has a 5 month supply of inventory (down from 7.3 months in January), which has dropped below the balanced market of a 6 months supply, indicating a trend favoring sellers.  Pending sales are up 21% for the first quarter, as compared to the first quarter of 2015.  Liz Moore & Associates Williamsburg office celebrated a record March, and is pacing to set yet another record this month!  What does that mean for you?  It’s a great time to sell!

The first step in pricing your home right is finding a professional real estate agent who can help you do just that.  Email us at concierge@lizmoore.com or click below for a complementary market analysis on your home.

How Much is My Home Worth?

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

Tags: Buyers, Sellers, Home Sale Statistics & Trends, Hampton, York County, Newport News, Poquoson