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Why is NOW a GREAT TIME to buy a home????

by Mike Parker

  With the Rates just dropping, NOW is a GREAT time to buy a home!!!  One of our friends, Sam Miller, up in Ohio, posted this YouTube video and it explains why...  Check it out!!!

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Fed Cuts Rates AGAIN!!!

by Mike Parker

This blog was posted by some friends of ours, The Jones Team, realtors out of Tennessee....we thought we had to share because it is so good!!! 

In a suprise move, the Federal Reserve announced this morning that it has cut the Federal Funds Rate three-quarters of a point, moving the key rate from 4.25 to 3.75 percent.

While it was no suprise that the Fed would slash rates, the shocker is that the US central bank would not only make the move before its scheduled meeting next week, but also implement the biggest federal funds rate cut on record going back to 1990.

In addition to dropping the funds rate, which governs overnight lending between banks, the Fed also slashed the discount rate it charges on direct loans to banks by three-quarters of a point to 4 percent.  Many economists believe rates could be cut again at the Federal Reserve’s scheduled meeting on January 29-30.

Check out the full story here.

8 Reasons Why Your Home Is Unsellable

by Mike Parker

Submitted by Jill Kuchle:

Here is another article by real estate expert Barbara Corcoran.  This was featured on the TODAY show.  Here is a link to her video as well.  http://www.msnbc.msn.com/id/21134540/vp/22555782#22555782

Housing trends sail by faster than most of us have time to notice, but when it comes to selling your house, you might suddenly wish you’d sat up and paid attention before. Some styles can be put down to the vagaries of fashion and are easily fixed — gaudy wallpaper isn’t difficult to replace, but moving a laundry room above ground or fitting a proper staircase is another story entirely.

Here’s a list of the big no-no’s, the relics that make a house unsellable:

Small houses
Small is not the new big I’m afraid, at least not yet anyway. People like to have space to live in and a very small house can deal a serious blow to your possible asking price. If you can’t afford to physically increase the size of your house, you need to do everything possible to make it look bigger.

One bathroom
We don’t want to wait to use the bathroom. Not any more. With so many people used to the luxury of multiple bathrooms, it is a hard sell to get them to take a step backward in time.

No air conditioning
Installing central air to your house will cost you about $10,000-$12,000, but if there was ever a juicy bone to get a buyer interested, this is it.

Fuse boxes
Fuse boxes? People expect circuit breakers nowadays, and if you want to modernize your electrics, consider spending $2,000 to replace those outmoded old fuses.

Spiral staircases
Pretty for sure, but the novelty has long worn off. Ever tried carrying a sofa up a spiral staircase? If you have, you’ll know why they might put your average buyer off.

Basement laundry rooms
What a nice idea that was, why not stick those cumbersome noisemakers down in the basement out of sight? Because ever since we did, washing clothes has meant a trek into the dank recesses of our houses. Doing the laundry is so much more appealing when the washing machine is within spitting distance of the clothes to be washed. If you have the space upstairs, it’s time to accept those big old machines back into the fold.

Popcorn and stucco ceilings
Talking about the vagaries of fashion: No one wants to see these any more. Smash them off with a big stick if you have to.

Basements with outside access only
You’re in your pajamas, it’s a cold winter night, rain hammering against the windows and suddenly you remember. You left your groceries in the basement. Curse this house and curse all who live in it! People don’t want to go outside to get into their basement.


In addition to the absolute stinkers when it comes to selling a house, there are several trends on their way out that you may want to avoid:

McMansions
They may be big, but they aren’t clever. Think before investing in one of these: Do you really need all that space? An increasing number of people are deciding they don’t. Quality trumps quantity every time.

Separate living and dining rooms
When was the last time you sat down and had a meal in your dining room? If it was recently, you belong to a dying breed. People want to properly utilize all the space in their house, and in this pursuit, the dining room is casualty No. 1.

8 Tips To Get Your Home to Sell!!!

by Mike Parker

Submitted by Jill Kuchle:

I am an avid TODAY show viewer and on the show today was real estate expert Barbara Corcoran.  She gave some great tips for those of you who are trying to get your home to sell.  Here are 8 of her Tips on Getting your Home to Sell.  Click on  http://www.msnbc.msn.com/id/21134540/vp/20741973#20741973  to watch her interview with Ann Curry - it is very informative as well!!!!

1. Make the right first impression
Buyers decide in the first eight seconds whether or not they want to buy your home.

  • Paint the front door and trim.
  • Hang a wreath on the door.
  • Add potted flowers (flowers in front say this is a happy house).
  • Fertilize the grass to make it bright green.
  • Put fresh mulch around the bushes.
  • Fix the doorbell if it’s broken.
  • 2. Let the sun shine in!
    After location, light is the second most quoted reason why a buyer chooses the house.

    • Clean all the windows.
    • Replace drapery with sheer curtains or white shades.
    • Replace lamp shades with sheer white shades.
    • Replace light bulbs with higher wattage.
    • Trim back shrubs that block window light.
    • Paint the inside walls white.
    • Put white slipcovers on all dark furniture.
    • Put up lights in each corner of the major rooms.

    3. Remove clutter
    People can’t visualize themselves living there when they can’t see past your clutter.

    • Store half your “stuff,” including knick-knacks and furniture.
    • Remove personal objects like family photos and children’s artwork.
    • Remove all objects from closet floors.
    • Put half your clothes into storage.
    • Make your linen closet meticulous; people judge hidden wiring and plumbing by how neat your linen closet is.
    • Hide all electric cords and wiring.
    • Eliminate unhealthy plants.
    • Put fresh sheets on beds with four extra pillows.

    4. Send kitty to Grandma’s House
    People buy with their eyes and their noses.

    • Remove kitty litter, dog beds and other smelly pet items.
    • Warm a few drops of vanilla inside the oven door.
    • Smoke outside; remove ashtrays.
    • Open all windows an hour before the buyer arrives.
    • Keep the trash can clean.

    5. Freshen the kitchen
    The kitchen is everyone’s favorite room in the house.

    • Clear all countertops.
    • Replace cracked, scratched or broken appliances.
    • Re-grout the tile.
    • Wax the floors.
    • Update kitchen knobs.
    • Paint or replace cabinet fronts.
    • Put in a window; it can increase the value of your home by 10 percent.

    6. Clean the bathroom
    No one wants to move into your bathroom.

    • Scrub the walls and floors.
    • Clear off all shelves and put away personal items.
    • Re-grout tiles and replace caulking.
    • Hang a new shower curtain.
    • Buy fresh hand towels and rug.
    • Replace old soap.

    7. Add color
    Touches of yellow and other warm colors say ‘welcome home.’

    • Buy new throw pillows for the sofa and bed.
    • Add a fresh ficus tree.
    • Define areas with colorful rugs.

    8. Don't empty out the house
    An empty house makes the seller look desperate. Buyers generally don't pay full price for an empty house. In addition empty rooms look smaller.

    • Rent or borrow furniture if you need to in order to make the home look lived in and give the buyer a sense of space. 

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    Photo of Mike Parker - CRS Real Estate
    Mike Parker - CRS
    HUFF Realty
    60 Cavalier Blvd.
    Florence KY 41042
    859-647-0700