Is This the Year to Sell My House

Is This the Year to Sell My House?
Is This the Year to Sell My House

If one of the questions you’re asking yourself is, “Should I sell my house this year?” consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. Here’s why.

According to the latest Home Purchase Sentiment Index from Fannie Mae, 57% of consumer respondents to their survey indicate now is a good time to buy a home, while 59% feel it’s a good time to sell one:

“The percentage of respondents who say it is a good time to sell a home remained the same at 59%, while the percentage who say it’s a bad time to sell decreased from 35% to 33%. As a result, the net share of those who say it is a good time to sell increased 2 percentage points month over month.”

As you can see, many still believe that, despite everything going on in the world, it is still a good time to sell a house.

Why is now a good time to sell?

There simply are not enough homes available to meet today’s buyer demand, and they’re selling just as quickly as they’re coming to the market. According to the National Association of Realtors (NAR), unsold inventory available today sits at a 2.3-month supply at the current sales pace, which is down from a 2.5-month supply from the previous month. This record-low inventory is not even half of what we need for a normal or neutral housing market, which should have a 6.0-month supply of unsold inventory to balance out.

With so few homes available for buyers to choose from, we’re in a true sellers’ market. Homeowners ready to make a move right now have the opportunity to negotiate the best possible contracts with buyers who are feeling the pull of intense competition when it comes to finding their dream home. Lawrence Yun, Chief Economist for NAR, notes how quickly homes are selling right now, further confirming the benefits to sellers this season:

“The market is incredibly swift this winter with the listed homes going under contract on average at less than a month due to a backlog of buyers wanting to take advantage of record-low mortgage rates.”

However, this sweet spot for sellers won’t last forever. As more homes are listed this year, this tip toward sellers may start to wane. According to Danielle Hale, Chief Economist at realtor.commore choices for buyers are on the not-too-distant horizon:

“The bright spot for buyers is that more homes are likely to become available in the last six months of 2021. That should give folks more options to choose from and take away some of their urgency. With a larger selection, buyers may not be forced to make a decision in mere hours and will have more time to make up their minds.”

Bottom Line

If you’re ready to make a move, you can feel good about the current sentiment in the market and the advantageous conditions for today’s sellers. Contact a local real estate professional today to determine the best next step when it comes to selling your house this year.


Articles and Advice

Keeping a Fire Extinguisher in Your Home

Keeping a Fire Extinguisher in Your Home

It’s the device every home should have but hopefully should never have to use: a fire extinguisher is an important home safety device, and no fire safety plan is complete without one. When you go to the hardware store to purchase your fire extinguisher, you’ll find a variety of extinguishers designed to deal with different situations. Knowing what you’ll encounter will help you determine what types are best for your home. 

Top of the Class

Fire extinguishers are sorted into classes based on the type of fire they’re designed to extinguish, and each class uses a different type of agent to extinguish the fire. Here are the classes you can expect to see:

  • Class A is designed for fires involving wood, paper, or plastics. If your favorite scented candle fell onto the book you’d just put down, you’ll need Class A.
  • Class B is for oils, gasoline, or propane. You’ll want this type of extinguisher for grease fires in the kitchen or for most fires around the garage.
  • Class C is for electrical fires. If your home has older wiring or if you’re having electrical work done on your home, get a Class C fire extinguisher.

You may also see Class K fire extinguishers, which are designed especially for professional kitchens and can cope with big grease fires.

Several manufacturers make fire extinguishers for multiple types of fires and may have A-B-C on their labels to indicate this. If you see a number before the A or B, this shows how effective the extinguisher is against each type of fire. Higher numbers mean greater effectiveness against that type of fire. 

Weighty Matters

Size matters when it comes to fire extinguishers. Fire extinguishers range from 2 to 10 pounds, and more isn’t always better. You want a device large enough to be effective but small enough to store conveniently nearby. You may want a few extinguishers in different sizes depending on how much time you spend in an area and the number of combustible items in that area. You may need a bigger device in the garage, whereas a mid-sized one would be better in the kitchen to deal with sudden grease fires. 

This Is A Drill

Familiarize yourself with how your fire extinguishers work before you use them. Most will use the P.A.S.S. method: Pull the pin, Aim the nozzle at the base of the fire, Squeeze the handle at the top of the extinguisher, and Sweep the device side to side. Keep your fire extinguishers in a place where you can access them easily, and remind yourself of their location several times a year. A good time to remind yourself is when you check your smoke alarm batteries or test a hard-wired smoke alarm system for a more complete fire safety check. 

Charging Ahead

A fire extinguisher is a pressurized device, and nothing can maintain pressure forever. If your extinguisher has been used or is more than a few years old, your local fire department can direct you where you can have it recharged. Fire extinguishers can also corrode or be damaged otherwise. If this happens, replace the device quickly.

While improvised remedies can extinguish some house fires, without a tested and certified way to get fires under control, you could inadvertently turn a small home accident into a serious emergency. Of course, fire extinguishers are not meant to suppress large fires, and if you’re unsure, the safest thing to do is exit your house. But obtaining and maintaining the right fire extinguishers will still help keep your home and your family safe.


Make a Resolution to Tackle Home Projects in 2021

It’s that time to begin looking ahead to the new year once again, and that means resolutions! But why stop at self-improvement when you can add home improvement to the mix as well? This is the perfect year to make home improvement your New Year’s resolution priority and tackle some projects that you’ve been dreaming of for years. Find some inspiration with our guide to home improvement resolutions for 2021.

  1. Clear Clutter, Create Storage Space, and Organize Your Favorite Rooms
    If you’re looking for an affordable home improvement project that you can start working on right away, getting your home more organized is a great resolution. Start clearing out clutter by making piles of items to donate, sell, and discard. Adding shelving to rooms is a great way to increase storage space and display your favorite items. For bedrooms, closet organizers can help maximize space while providing easy access to all of the items you need.
  2. Eco-Friendly Upgrades for a Greener, More Sustainable Home
    Interested in helping out the environment and saving some money in the process? Then it’s time to go green for your next home improvement project! Start by swapping out all of those old light bulbs for some fresh, new LED bulbs. Cut down on energy use by turning off electronics while not in use, and install a programmable thermostat to keep your home comfortable without wasting energy.
  3. Install a Home Security System for Safety and Peace of Mind
    It’s important to feel safe at home, and installing a home security system is an easier home improvement project than it’s ever been before. You can order a full system online with easy DIY installation or opt for an even more robust system that can be installed by a pro.
  4. Create a Cleaning Plan to Keep Your Home Looking Its Best
    Cleaning may not be the first thing that springs to mind when you think home improvement, but it really is an important factor for making sure your home is at its best. Make a resolution to create a weekly cleaning plan for every room in your home, and involve the whole family. A cleaning schedule makes it so much easier to keep your home looking fantastic while providing every member of the household with productive projects to work on each week.
  5. Improve Air Quality and Maintain Your HVAC System
    Air quality can become an issue in even the cleanest homes, especially during the winter. That’s why it’s so important to make maintaining your HVAC system a top home improvement priority. Change filters regularly, and have an HVAC pro check your system at least once per year. You’ll also want to make sure that your kitchen and bathroom vents are always in good working order.
  6. Show Your Yard Some Love and Boost Curb Appeal
    While most of our ideas have focused on the interior of your home, you certainly don’t want to forget the great outdoors! Winter is the time to get your yard in order because it’s easy to trim trees and shrubs while there are no leaves on the branches. It’s also an easier time to clean your yard, get rid of debris that has built up throughout the year, and prep your yard to look great when spring arrives.

No matter which home improvement projects you plan to tackle in 2021, New Year’s resolutions are a great way to give yourself some extra motivation to get the job done. Make home improvement a priority for 2021, and the results will speak for themselves.