Archives: June 2017

Summer Housing Market Update

This summer, the housing market in New Albany is moving fast. With more than 22 years of experience helping clients buy and sell homes here, all of us at Thomas & Company have never seen a market this hectic. But the real question is what makes this market different and why is it such a great time to sell your home?

In short, New Albany is currently in a “perfect storm” market for sellers, where housing prices have been rising at the same time that inventory has remained very low. While the summer is typically a high time for buyers to start looking to begin with, the atypical drought of sellers has led to an unprecedented increase in demand. Right now, a majority of the well-priced homes hitting the market and going into contract in under a week – and often with multiple offers.

Earlier in this market frenzy, comparative sold listings were lagging behind; however, with 9-12 months of values consistently increasing, appraisals are finally reflecting the actual market value of homes in New Albany.

One thing that the real estate market is not right now is predictable. And, while the market seems to be trending upward, there is no guarantee that this will continue into the coming months or even weeks. If you have been considering selling your home, there is little doubt that you will get a better price in the future than you would today.

If you would like a better idea of what your home is currently worth, please reach out to someone here at Thomas & Company – we offer complimentary market valuations and expertise. And, with our suite of services, including home staging, professional photography, and a results-driven marketing plan, we’ll make your home stand out from the rest!

3 Home Selling Prep Essentials

You’ve got to start somewhere when preparing your home to sell, but it’s not where you would think. Before jumping right into cleaning, decluttering, staging, and marketing, take some time to review. Having a solid understanding of the real estate market and the home selling process is essential for a smooth and stress-free sale. So let’s get to it.

1. Know What’s Happening in the Real Estate Market

aerial view of residential community

Are homes in your community flying off the market in just a couple of days? Are properties selling over asking price again and again? What have homes like yours recently sold for? Knowing about current market conditions will give you an idea of how quickly your home is likely to sell, as well as how high a price you’re likely to receive. Ask us for a Neighborhood Sales Report for an inside look at market activity!

2. Find Out How Much Your Home is Worth

You’ve probably asked yourself “what’s my home worth?” a dozen times over the past few years. Now’s your chance to learn the answer!

When we’re determining how much homes are worth, we don’t just pull a number out of thin air. Home buyers are the ones who determine what properties are worth, so we take a look at current market activity (which you’ve already done!) to see how much buyers are willing to pay for homes like yours. At the end of all of our research, we have a detailed report of what your home is worth, which in the real estate industry is called a “comparative market analysis.” Call us and we’ll provide one for your home!

3. Wait Before Making Drastic Home Improvements

highly upgraded kitchenBefore you decide to shell out thousands of dollars to completely gut your kitchen and bathrooms, talk with a real estate agent who’s familiar with your community and what buyers are looking for in a home like yours. You may be surprised to learn that your potential buyers don’t want top-of-the-line appliances, quartz countertops, under-cabinet lighting, or any of those “must-haves” that you see on HGTV.

Save yourself the time, money, and headaches and talk with us. We can tell you which home improvements are worth the money and which ones aren’t.

Bonus Tip: Find the Right Real Estate Agent

The best way to save time, money, and unnecessary headaches? Work with a professional. The best real estate agent takes the time to understand your goals, provides you with the resources you need, and tells what to expect when selling your home. Plus, your real estate agent will be there to answer any questions you have at any time in the process.

We’d be happy to talk with you about your plans to sell your home. Call us!

What’s Hot in Home Design This Summer

Bright sunshine, warmer days, and a ton of new trends come with the change in season, and this summer certainly won’t disappoint. In the real estate world, these new trends revolve around the latest and greatest in wall colors and decorations, space savers, and creative living arrangements. We have our eye on a few interesting home décor ideas and hot home features that we think you’re going to love!

laptop sitting on marble countertop

Marble: A Sophisticated Look for Summer

Whether natural or imitation, marble is one of the top home décor trends for summer 2017. Designers are incorporating this luxe look into bathrooms and kitchens as expected, but they’re also taking it to everything from flower vases to side tables.

table with vintage dinner plates

Vintage Looks are Back in Style

1960s floral patterns have resurfaced in today’s home design magazines. Old World-inspired indigo dyes are popping up in everything from fabrics to bedspreads. Colorful melamine dinnerware is becoming popular in indoor and outdoor table settings. These nostalgic summer looks are sure to create the perfect feeling of “home.”

Today’s Buyers Crave These Trendy Home Features

Seasonal trends are not all about home décor. Outdoor entertaining spaces and smart-yet-sophisticated interior features are what buyers are searching for this summer. Are these popular home features on your must-have list?

sparkling swimming pool

Private Swimming Pools

With warm, sunshine-filled days ahead for summer, pools are at the top of most buyers’ home search lists. Backyard pools continue to be sought-after as both a focal point and a fun outdoor entertaining space.

neutral room with light wood floors

Lighter Hardwood Floors

Darker shades are out; bamboo, oak, and pecan flooring are on buyers’ must-have lists this summer. With these lighter shades in your living spaces, your home will seem even more light-filled and spacious.

kitchen with open floor plan

Spacious Open Floor Plans

This home design trend continues to be popular among home buyers. It’s not hard to understand why! Open floor plans create an effortless flow into any home and maximize every square inch of space.

We’ll Help You Find Your Dream Home

Have these décor ideas and trendy features on your mind as you search for a new place? We can help you find the perfect home and move you quickly through the process. Call us and let’s chat!