The Liz Moore Market Watch Blog

What to Expect When You're Selling, Part 5: MLS & Online Search Portals

Posted by Lynnette Tully on Wed, May 04, 2016 @ 02:20 PM

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When your home goes on the market, we will enter it into several MLS data bases, as well as lizmoore.com, a number of exclusive niche websites and our digital magazines. Additionally, your listing is fed via listing syndication to all of the major online portals, such as Zillow, Trulia, and Realtor.com (and dozens of others).

Click Here Download "What to Expect When You Sell"

Unfortunately, we have no control over the syndication process, and so it can take up to 48 hours for your listing to appear on some sites. It is not unusual for there to be “data mapping” errors, as it is an automated process. We can put in work orders to have them corrected, but we are at the mercy of the providers, who rarely have “live” customer service folks for us to speak to directly.

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!

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Tags: Sellers

Inventory Declining Steadily in the Williamsburg Housing Market

Posted by Lynnette Tully on Tue, May 03, 2016 @ 03:09 PM

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A steadily declining supply of inventory has led to a robust Spring market in Greater Williamsburg (zip codes 23185, 23188, and 23168). 

Click to Find Out How Much Your Home is Worth

The current market has a 5.8 month supply of inventory (down from 6.4 months in January), which has dropped below the balanced market of a 6 months supply, indicating a trend favoring sellers.  Pending sales are up 22% 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?

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Tags: Buyers, Sellers, Home Sale Statistics & Trends, Williamsburg

Characteristics of Homes Purchased in 2015

Posted by Lynnette Tully on Fri, Apr 29, 2016 @ 03:04 PM

The National Association of REALTORS recently released some highlights from their 2015 Profile of Home Buyers and Sellers, with a section devoted to characteristics of homes purchased.  Did you know:Two-story_single-family_home.jpg

  • Buyers of new homes made up 16% and buyers of previously owned homes made up 84%.

  • Most recent buyers who purchased new homes were looking to avoid renovations and problems with plumbing or electricity at 34%. Buyers who purchased previously owned homes were most often considering a better price at 32%.

  • Detached single-family homes continue to be the most common home type for recent buyers at 83%, followed by 7% of buyers choosing townhomes or row houses.

  • Senior related housing increased this year to 14%, with buyers typically purchasing detached single-family homes.

  • There was only a median of 14 miles between the homes that recent buyers purchased and the homes that they moved from.

  • Home prices increased slightly this year to a median of $220,000 among all buyers. Buyers typically purchased their homes for 98% of the asking price.

  • The typical home that was recently purchased was 1,900 square feet, had three bedrooms and two bathrooms, and was built in 1991.

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.
 
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Tags: Buyers

What to Expect When You're Selling, Part 4: Photography

Posted by Lynnette Tully on Wed, Apr 27, 2016 @ 02:26 PM

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When selling your home, photography is very important, especially when it comes to first impressions.  Most home buyers start their search online, so great photography is key to capturing their attention.

Click Here Download "What to Expect When You Sell"

We will schedule a convenient time for your home to be photographed. Please make sure that all lights are on and ceiling fans are off prior to the arrival of the photographer. The photographer will want to get several angles of the front yard, so make sure there are no cars in the driveway or garbage cans visible.

Your agent will select photos for MLS and marketing based on their experience; if you would like to be involved in the selection of photos, please let them know in advance. If you have photos of different seasons that show off highlights of the property (flowering spring shrubs or colorful fall foliage), it is a nice extra touch to display a small photo album for prospective buyers to see. 

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

Are you interested in hot real estate topics, tips and trends?  
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Tags: Sellers

Liz Moore Agents and Staff Hike for Hospice

Posted by Lynnette Tully on Tue, Apr 26, 2016 @ 02:42 PM

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Agents and staff from Liz Moore and Associates participated in the Fourth Annual Hike for Hospice in Governor's Land on Saturday, April 23rd, 2016.  

Benefiting the Hospice House & Support Care of WilliamsburgHike for Hospice is a a leisurely 2 mile walk and is followed by a Celebration of Life.  

Hospice House & Support Care of Williamsburg provides physical, emotional, social, and spiritual support to enhance the quality of living for individuals facing the last phases of life as well as support the people that they love.  Hospice House offers services free of charge to members of the greater Williamsburg community. Hospice House & Support Care of Williamsburg is a 501 (c)(3) charitable organization with a mission to enhance the quality of living for individuals facing the last phases of life and to support the people they love.

Thank you to all who supported our team!

 

Tags: Williamsburg, Community

Characteristics of Home Buyers in 2015

Posted by Lynnette Tully on Fri, Apr 22, 2016 @ 03:50 PM

The National Association of REALTORS recently released some highlights from their 2015 Profile of Home Buyers and Sellers, with a section devoted to characteristics of home buyers.  Did you know:

  • First-time buyers made up 32% of all home buyers,
    down from 33% last year.Family_playing_a_board_game_3.jpg

  • The typical buyer was 44 years old, and had a median
    household income of $86,100.

  • 67% of recent buyers were married couples,
    15% were single females, 9% were single
    males, and 7% were unmarried couples.

  • 13% of home buyers purchased a multi-generational
    home to take care of aging parents, for cost savings,
    and because children over the age of 18 are moving back
    home.

  • 18% of recent home buyers are veterans and
    3% are active-duty service members.

  • At 30%, the primary reason for purchasing a home
    was the desire to own a home of their own.

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, Home Sale Statistics & Trends

Quarterpath at Williamsburg: Save $5,000 on Any Home Sold in April

Posted by Lynnette Tully on Wed, Apr 20, 2016 @ 11:58 AM

Off the beaten path, and yet close to everything, the City’s newest community is nestled on rolling terrain between the new Riverside Doctor’s Hospital and nearby shopping, banking and dining at Quarterpath.

Two minutes in one direction and you’re on 1-64 for a painless commute to the Virginia Peninsula or Richmond. 5 minutes in the other and you’re strolling in Colonial Williamsburg or through the tree-lined campus of William & Mary.

Quarterpath at Williamsburg is offering some amazing incentives this month, one being a $5,000 in savings on any home purchased in the month of April.  Come check out the model home, open daily 12 - 5pm.

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Contact to Lisa Gasper at 757.585.2936 or email quarterpath@hhhunthomes.com for more information.

Tags: Buyers, Quarterpath, New Homes, Home Page, Williamsburg

What to Expect When You're Selling, Part 3: Pre-Listing Inspections & Appraisals

Posted by Lynnette Tully on Tue, Apr 19, 2016 @ 04:08 PM

In some cases, I will recommend an up front appraisal and/or home inspection when selling your home.

We will call you to set up the appointments for the Appraiser and the Home Inspector to come by and do their inspections. You don’t need to be home, but it is important that they have access to electrical panels, the attic and the crawl space, and any outbuildings (sheds/garages) so if you need to move some furniture or leave separate keys, please make sure that you do so. Also, be sure to give me any special instructions to pass along about pets.inspect.jpg

Click Here Download "What to Expect When You Sell"

It takes them between 5 and 7 business days to complete their reports, so as soon as I have them in hand, I’ll call you to come into the office so we can review them.

A couple of thoughts about these inspections:

• Remember that appraisers approach price a little bit differently than buyers do. Their report is a snapshot in time, based on a look backward for the past 6 months, and considering only similar properties that have sold and closed. Because we will need to position your home to be competitive with what’s active on the
market, I may recommend that you list at a value different from the appraisal. It really depends on the overall analysis, and we’ll talk about that when we meet.

• The pre-listing home inspection is designed to pinpoint any major issues of which you were unaware, to give you the option of correcting anything that may be an impediment to sale or in the spirit of full disclosure to the buyer. All home inspectors are different, and it’s conceivable that the buyer’s home inspection, if they elect to have one, will turn up a few additional things. We will discuss this in detail once we have the report in hand, including my suggestions on which repairs, if any, you should make. Please note that I am required by law to disclose any repair issues with respective buyers.

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

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

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Tags: Sellers

What to Expect When You Sell, Part 2: The Listing Paperwork

Posted by Lynnette Tully on Tue, Apr 12, 2016 @ 02:22 PM

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One of the "least exciting", yet necessary, steps to selling your home is meeting with your agent to do listing paperwork.  It will take a few hours to review the entire listing packet, so it is always good to plan accordingly.

Click Here Download "What to Expect When You Sell"

If you prefer, your agent can email you the documents in advance to review. You can also complete and sign them electronically if you like. Once the listing is input into MLS, you will have a chance to review it….make sure to proof it carefully as there are many details and administrative data entry mistakes can happen.
All parties involved in the sale/on the current deed will need to be present to sign (or via separate email address to sign electronically). If the property is an estate or held in a trust, your agent will need to verify authority to sell; please be sure to advise them if this is the case and they will let you know what additional paperwork will be necessary (copies of the trust or a death certificate, etc.). If any party will not be present and will be signing via power of attorney, make sure you provide your agent with a copy of that document in advance to review.

In addition, you will need to give your agent an extra house key that you have verified works.
And lastly, if you have a survey or appraisal from when you purchased or refinanced, a copy would be helpful for your agent's files.

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

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

Subscribe!

 

Tags: Sellers

Where Did Buyers Find Their Home in 2015?

Posted by Liz Moore on Thu, Apr 07, 2016 @ 04:14 PM

The 2015 National Association of Realtors Profile of Home Buyers and Sellers reports on where buyers found the home they purchased.  

Click Here to Download Our Free Home Buyer's Handbook

Internet - 44%
The number has consistently increased year after year, starting at just 8% in 2001.

Real Estate Agent - 33%
Ranging between 38% and 33% since 2004, this number was at its highest in 2001 (48%) and its lowest (33%) 2013-2015.

Yard Sign/Open House Sign - 9%
This number stayed between 15% and 16% from 2001-2008, and started to drop in 2009.

Friend, Relative, Neighbor - 6%
Jumping back and forth from 7% to 8% from 2001-2008, this number dropped to 6% in 2009 and has stayed there.

Home Builder or Their Agent - 6%
This number has stayed the same for the last four years and increased slightly in 2015.

Directly From Sellers - 2%
This number has remained between 2% and 3% since 2005.

Print Newspaper Advertisement - 1%
This number started at 7% in 2001 and has consistently dropped year after year. 

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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.

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

Subscribe!

Tags: Buyers, Sellers