Tips on Christmas Decor Home Staging

StyledStagedSold_Image1If you’re staging your home during this time of the year, adding a bit of holiday cheer to your decor can make a big impression on potential buyers. Use these tips to create a simple, polished look that puts your home in its best light this holiday season.

Choose the Right Christmas Tree

When showing your home, include holiday decor that allows potential buyers to picture themselves in the space. For example, choose a tree that allows other aspects of your home to shine. Your living room or entryway will look bigger if you opt for a small artificial tree over a 6-foot live pine. An artificial tree is also less messy than a real one, meaning your home will always be neat and tidy and ready for the next showing.

Light It Up

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The Christmas light possibilities are endless, but when you’re staging a home for sale, think simple and low-key and stick to one style. An over-the-top display might not reflect the tastes of your potential buyers, and too many decorations can take away from the room itself.

Take advantage of the many styles of Christmas tree lights available to give your home an understated yet inviting holiday look. Opt for something different, like an artificial white tree decorated with white LED lights. Finally, choose ornaments and trim that coordinate with the lights. Add a few silver and red ornaments for extra sparkle and color. It’s just enough Christmas for your family to enjoy without overpowering the room.

Decorate Your Mantel

Traditional Christmas Fireplace

The fireplace is an important focal point. Keep it simple and elegant to help potential buyers imagine opening their own Christmas gifts around a roaring fire.

Don’t completely cover the mantel. Pack away any personal family photos or the kids’ school crafts. Drape a garland across the mantel, allowing the branches to hang over the edge. A string of simple white LED lights adds just enough illumination to highlight the fireplace.

Add a few candles and a simple vase to reflect the light. A rustic wreath on the wall above the mantel completes the scene without distracting from the main event. This style is classic enough to appeal to a variety of buyers while still capturing the holiday spirit.

Don’t Forget the Exterior

Christmas Door

Increase your curb appeal and make a good impression from the get-go by decorating the outside of your home. Consider your neighborhood, too–if all of your neighbors have lights and outdoor decorations, you don’t want to be the only home without them.

Keep things simple and easy with a festive wreath on the door to greet potential buyers. Wrap a garland or string of lights around your front porch (or hang them around your entryway), then finish the look with lanterns or a potted evergreen. Finally, make sure your walkway is clear of snow or ice.

Welcome Buyers With the Spirit of the Holidays

During an open house, create the feel of a festive holiday party by offering seasonal snacks like gingerbread cookies, candy canes, hot chocolate, and apple cider. Keeping mulled hot apple cider simmering on the stove will also make the whole house smell good. Light a fire in your fireplace to make the home feel cozy and warm, helping visitors envision living there. When it comes to impressing potential buyers, these small touches can make all the difference.

 

Source: Merri Cvetan, “Tips on Christmas Decor Home Staging,” Styled, Staged & Sold, December 10, 2017.

Mortgage Rates Aren’t Budging

Mortgage rates have mostly held steady the past few weeks, with the 30-year fixed-rate loan still averaging below 4 percent.

“The 10-year Treasury yield was relatively flat this week, as was the 30-year mortgage rate, which rose 1 basis point to 3.93 percent,” says Sean Becketti, Freddie Mac’s chief economist. “Despite a strong advance estimate for second-quarter GDP, markets are erring on the side of caution.”

Freddie Mac reports the following national averages with mortgage rates for the week ending Aug. 3:

  • 30-year fixed-rate mortgages: averaged 3.93 percent, with an average 0.5 point, rising from a 3.92 percent average. Last year at this time, 30-year rates averaged 3.43 percent.
  • 15-year fixed-rate mortgages: averaged 3.18 percent, with an average 0.5 point, dropping from last week’s 3.20 percent average. A year ago, 15-year rates averaged 2.74 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.15 percent, with an average 0.5 point, falling from last week’s 3.18 percent average. A year ago, 5-year ARMs averaged 2.73 percent.

Source: “Mortgage Rates Aren’t Budging,” REALTOR Magazine (August 4, 2017)

Sellers Need to Know: Report on Sales of New and Existing Homes in June

According to Realtor Magazine, a joint report released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development shows home sales dropped by 6.1 percent in the South in June, but the greatest number of new homes was sold in the South in June.

Nationwide, new-home sales inched up 0.8 percent in June. Indeed, it seems like new construction seems to be popping up all over the metro Atlanta area, but the report notes that the inventory of new homes is tight and the discrepancy in sales of existing homes is also largely due to lower inventory levels.

What does this mean for you if you’re considering selling your home? It could be good news! Lower inventory can mean a better seller’s market. If you’re considering selling your home in 2017, knowing the latest data and trends in your neighborhood can make all the difference. Find out how many potential buyers are looking for a home just like yours AND get 3 home value estimates (including a Zestimate)! Check out Berkshire Hathaway’s new home value estimator: Buyside. It’s free and instant; try it today!

A Compilation of Recommended Vendors & Service Providers

Are you planning to sell your home this year and need to get it ready to go on the market? Do you need a reliable plumber or electrician? Maybe a tree removal service or home stager? Download your free Vendor Resource Guide here.

Petersen Partners has compiled sources for its Vendor Resource Guide from a select group of REALTOR® colleagues based on personal or client experience. We recommend you do your own research to find the vendor(s) that best suits your needs and situation. We welcome your positive or negative feedback on any of the names contained in this list. Your comments and suggestions will help us achieve our goal of providing the names of the best, most reliable vendors in our area.

Don’t Make These Three Mortgage Mistakes

For most buyers, the mortgage is the largest monthly expense they will ever have. Yet many borrowers don’t know how to prepare, negotiate or shop for mortgage loans.2302642.medium

  1. Compare lenders. A loan officer works for a bank or savings and loan and offers you proprietary loan packages. A mortgage broker shops your deal around to various lenders and gets quotes for you. You’ll have to share personal financial information to get a realistic rate, and then pick the lender’s offer you like best.
  2. Pay attention to terms. All fees are negotiable. It’s all in your loan estimate and closing disclosure form when you’ve applied for the loan, so ask for a blank one up front so you can compare fees. Ask the reason for each fee if it’s not apparent.
  3. Choose the right type of loan. Current market conditions favor fixed rates, because rates are rising from all-time lows. Yes, they cost more than hybrid loans or adjustable rate loans, but the base amount is fixed and doesn’t change. Only your taxes and hazard insurance will cost you more over the years.

If you get an adjustable rate mortgage, you are at the mercy of market conditions. While there’s a cap on how high your interest rate can go, it’s only a good risk if you plan to occupy your home less than five years.

Ask your lender to explain the risks and benefits of the types of loans available.

 

Selling Your Home? Here’s 3 Reasons You Need to Hire an Agent

Here’s 3 reasons why you should hire an agent and not just list your home “for sale by owner”? Want to know more reasons? We have heard it stated there can be upwards of 100 people involved in coordinating efforts around one real estate transaction and an average of 17 hiccups in every real estate transaction. A typical sale involves well over 20 various steps and our Listing Process consists of a 180-point checklist. Petersen Partners’ goal is to coordinate all the moving parts and people in a transaction and eliminate the challenges as best we can on our clients’ behalf. We are there every step of the way to guide our clients through the matters that require special attention. Find out more by visiting www.PetersenPartners.com.

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