Want Top Dollar for Your House? Now’s the Time To List It.

Want Top Dollar for Your House? Now’s the Time To List It. | MyKCM

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons why now’s the time to list.

1. Demand Is Very Strong This Winter

recent article in Inman News explains:

“Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!’”

And they aren’t the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The ShowingTime Showing Index tracks the average number of monthly buyer showings on active residential properties, which is a highly reliable leading indicator of current and future trends for buyer demand. The latest index reveals this December was the most active December in five years (see graph below):

Want Top Dollar for Your House? Now’s the Time To List It. | MyKCM

As the data indicates, buyers are very active this winter. Last December saw even more showings than December of 2020, which was already a stronger-than-usual winter. And remember – you want to sell something when there’s a strong demand for that item. That time is now.

2. Housing Supply Is Extremely Low

Each month, realtor.com releases data on the number of active residential real estate listings (listings currently for sale). Their most recent report reveals the latest monthly number is the lowest we’ve seen in any January since 2017 (see graph below):

Want Top Dollar for Your House? Now’s the Time To List It. | MyKCM

And don’t forget, the best time to sell an item is when there’s a limited supply of it available. This graph clearly shows how extremely low housing supply is today.

Even Though Supply Is at a Historic Low, Home Sales Are at a 15-Year High

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), existing-home sales totaled 6.12 million in 2021 – the highest annual level since 2006. This means the market is hot and homeowners are in a great place to sell now while sales are so strong.

NAR also reports available listings by calculating the current months’ supply of inventory. They explain:

“Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.”

The current 1.8-months’ supply is the lowest ever reported. Here are the December numbers over the last five years (see graph below):

Want Top Dollar for Your House? Now’s the Time To List It. | MyKCM

The ratio of buyers to sellers favors homeowners right now to a greater degree than at any other time in history. Buyer demand is high, and supply is low. That gives sellers like you an incredible opportunity.

Bottom Line

If you agree the best time to sell anything is when demand is high and supply is low, let’s connect to begin discussing the process of listing your house today.

East Cobb New Construction Alert – Lassiter High District!

A 19.9 acre planned development by Ashton Woods Homes just cleared construction site plan reviews last week and initial site clearing just started today. Cobb Development tells me there will be 42 homes on approximately half acre lots – large for East Cobb!

This is so early in the process there is no mention of this development on Ashton Woods Atlanta website. A lot of work including grading, erosion control, and platting must be done before they can even think about building the first home – probably 8 to 12 months out – if nothing unexpected happens.
Garrison Parc New Homes
There is no information on the expected price range of the homes, but I would be surprised if they are not at least $900K – I will post more info as I learn more.

I keep up with new construction in East Cobb and other North Atlanta markets and will stay on top of this project. If you’re thinking about new construction in any of East Cobbs top school systems, reach out to me at 678-585-9691 and let’s talk about this and other new construction opportunities. – Robert Whitfield

RED HOT Pope High Home Coming Soon!

East Cobb Pope High Home

 

Four Bedroom, Three Bath, Finished Terrace, Back Yard Oasis!

Offered For $395K!

This Extraordinary Fully Renovated Home in East Cobb’s Pope High School District has to be seen and experienced to be believed – it has so many upgrades is is almost like a new home! This very open floor plan home with the extensive hardscaping and large waterfall as seen from nearly every window feels like a resort! The bright open spaces and multiple large windows let in tons of light and all the rooms on the main have views to over $40K in landscaping and hardscaping including winding stone walkways, a large party deck, and multi level water fall! But there is still tons of grassy rear yard for children to play. The rear yard is surrounded by lush landscaping, established trees, bushes, and a stand of bamboo, making it your own very private paradise!

Open Floor Plan

 

Multi-level Waterfall

 

 

The brand new enlarged kitchen includes custom soft close cabinets, granite counters, glass tile backsplash, and stainless appliances. Most of the home including the terrace level has new high end LVP wood grain flooring that looks exactly like wood but is more durable. The huge kitchen island overlooks the vaulted great room with floor to ceiling windows and a stone fireplace. All bedrooms have new carpeting.

Fully Remodeled Kitchen

 

 

Huge Drive Under Rear Deck

 

Rear Hardscaping

 

Rear View From Waterfall

 

Rear Yard View

The exterior has HardiPlank Cement siding, a new roof, and new vinyl insulated windows. There is a new redesigned front porch and concrete landing and heavy landscaping in the front including stacked stone retaining walls. This home has a Deep two car garage (enough for full sized trucks) , plus parking under the huge drive under party deck with easy access to the double door terrace level entrance!

Fully Rehabbed East Cobb Home

 

The terrace has a kitchenette, full bath, a separate private entrance, and is perfect for a fourth bedroom and large media room, or an in-law or teen suite!

Fully Finished In Law Suite

Hurry – In this market I fully expect this special home to be gone before it even reaches the MLS in about 8 days! This was posted on 8-30-2020!

Call Robert Whitfield for more info and a private showing – 678-585-9691.

New Housing Design Trends Sweeping The Nation – And Atlanta!

In a recent webinar titled Designing Architecture, Interiors, and Landscaping for the New Decade, noted design trend consultant Renee Labbe summarized some of the top new housing design trends for the coming decade. Here are great examples of the most successful and inspirational designs by builders all over the country.

As an Atlanta Broker with a lifelong passion for architecture and home design I keep up with home design trends, and am seeing various iterations of these trends by certain forward thinking custom (and even production) builders in various markets in Intown Atlanta, Marietta, East Cobb, Sandy Springs, and all over North Atlanta.

Modern Farmhouse – Gabled + Boxed
Gabled modern is a beautiful, more traditional take on the modern home. This Southern California home is R. Douglas Mansfield Architect’s take on the modern farmhouse trend that has swept the nation. If you like the modern farmhouse design, I know the builders who are doing modern farmhouses and where to find them in metro Atlanta.

Here are a couple of Modern Farmhouse designs in the Pope High District in East Cobb – New Construction Homes

East Cobb Modern Farmhouse

East Cobb Modern Farmhouse New Construction Home – Source: Robert Whitfield

East Cobb Modern Farmhouse New Construction Home

East Cobb Modern Farmhouse New Construction – Source: Robert Whitfield

Rooftop Patios

Roofline Retreats
This trend provides a balance of modern architecture with roof top decks with more traditional elevations This townhome includes a roof deck that is integrated into the gabled roofline. This preserves the more traditional roofline, while providing outdoor space to enjoy long range views. I am seeing these roof top decks all around town from Aria in Sandy Springs to Abbington at Wildwood in East Cobb!

Box Frame House

The Box Frame
This homes elevation includes a dramatic popped-out box that includes multiple windows. This builders collection has rich modern elevations that mix materials, color, and massing variations like the popped-out box set of windows. In Atlanta this type is mostly used in multifamily.

Linearr Textures

Linear Texture
While this trend is more commonly seen in some of the modern farmhouse homes, this kitchen by Trumark Homes has a unique take on it. Instead of including a horizontal tile backsplash, this California home includes vertical rectangular tiles for a very interesting look.

Bring Nature Indoors

Into the Wilds
It’s hard to tell where the indoors end and the outdoors begin at the clubhouse at the Resort at Playa Vista. The clubhouse integrates natural materials in its elevation and has plentiful windows. Its design creates a seamless division from indoors and out, especially as the fitness center extends to a covered outdoor track and to a landscaped roof seating area. I have seen this trend in a few custom homes but mostly in commercial office buildings in Atlanta.

Random Tiles Are Back

Return of Random
While Renee highlighted the random pattern trend in flooring, this trend can be seen in great back splashes and accent walls as well. The master bathroom in the model for Miraval has a great seemingly random backsplash. While the tiles are the same shape, the color variation in this Southern California project by Pinnacle Residential makes it seem random. This has been cropping up in new construction in Atlanta for a few years.

Bring the Outdoors In with window walls

Outdoors Is In
With the growing integration of bi-fold or stacking doors between the great room and the backyard, a seamless transition between indoors and out has become much more commonplace in production homes. Some builders are furthering this transition by including the same flooring in the great room as on the patio, along with the bi-fold glass doors. Craft Homes had some fun with this trend with glass garage doors off of the great room in their Artisan Series at Laureate Park in Orlando. The glass and ability to open up an entire wall help to provide that seamless transition to the outdoors. Several trendy restaurants in Atlanta use the roll up garage door for a wall of windows look, but I have not seen them in a residential home yet, however there are examples of wall wide bi-fold and slider doors to open a wall and bring the outdoors in!

Shake Siding and Mixed material Designs

The Shake-Up
This home by Infinity Home Collection highlights an example of how shingled siding is finding its way into modern homes. The home has a cottage lake motif with a distinctly modern edge to it as well as a mix of stone, shingled siding, and vertical groove paneling. Another trend I see in Atlanta, mostly in multifamily condos and apartments.

Contemporary Dormers

The Contemporary Dormer
Dormer windows have long been associated with traditional elevation styles. They are now starting to show up on modern homes. This model has a traditional feel with a modern edge and includes a single dormer window. This style can be seen all around Atlanta.

Modern Arch Design

The Modern Arch
As lines continue to blur between modern and traditional, arches are finding their way into modern homes. Casavia by Pardee Homes in San Diego’s Pacific Highlands Ranch has an outstanding mix of modern Spanish-inspired elevations. I have seen little to none of this trend in Atlanta to date, as we have very few Spanish and Mediterranean homes – we do have some though in both East Cobb and Alpharetta.

Statement Floor Designs

Statement Floors
Statement floors are popping up in more and more homes these days, even beyond the higher-end luxury homes. These dramatic flooring designs can be in foyers or even master bathrooms. A few highlights include Toll Brothers’ Alta Vista in Southern California with a cool, black-and-white zig zag pattern on the tile flooring one of the master baths.

Trends travel faster now due to the internet and especially sites like Pinterest and Houzz. So if you’re passionate about design, and especially if you’re a builder/developer or you work with buyers, sellers, builders, and remodelers like I do, it is more important than ever to stay on top of the latest and greatest trends.

If you’re interested in finding New Construction Homes that incorporate these latest design trends, reach out to me anytime – Robert Whitfield  678-585-9691

 

 

 

Article Ideas and Photos Courtesy Burns Consulting’s DesignLens site

 

Protect Yourself From Wire Fraud in Real Estate

Wire Fraud in Real Estate

Whether by compromised data, cracked passwords, or phishing, real estate is a target for cyber criminals. More and more over the last few years, homebuyers and sellers-and the practitioners who serve them-are reporting theft via wire fraud. Typically criminals gain access to emails, learn of a pending transaction, and then message phony wiring instructions to victims. Bogus DocuSign emails, emails with illegitimate referrals, and ransomware attacks are also on the rise.

Being a victim of wire fraud can be devastating – as your funds are almost always irretrievable once sent. And aside from making off with money, criminals can gain personally identifiable information, through any of a combination of schemes. This can be used for other crimes. Often scammers get initial information on an individual from social media sites – birth dates and photos for example.

Best practices to protect yourself when buying a home:

  1. The first step in protecting yourself from fraud and especially wire fraud, is being aware that you may be a target. By educating yourself on the danger, you’re much more likely to identify suspicious activities and unorthodox changes to procedure that are utilized by hackers.
  2. Be sure that you clearly understand the wiring instructions for your transaction, and ensure that you’re getting that information from a verified source – the attorneys secure portal and if needed, confirm anything you have a question about with a staff member you know for a fact is with the firm. All closing attorneys we use in East Cobb and North Fulton will be using a secured portal to send you instructions about making wire transfers to their designated escrow account – they will never do this by phone or email. We as brokers and agents will not give you wire instructions. Most closing firms will also have their standard procedures posted on their website. As an extra step, make a phone call to a number that’s listed on the closing attorneys’ website to speak with a real person to verify the information you receive in the secure portal.
  3. Take common sense precautions with cell phones and laptops – don’t open links to access secure portals or your bank while using unsecured public Wi-Fi at restaurants, hotels, etc.
  4. Trust your gut – if something seems wrong or fishy, it probably is. If you are sent a message requesting a partial payment, notifying you of a change in the deadline for your transfer, or detailing a new procedure for your wire transfer, don’t do anything without talking to your real estate agent. Your agent likely knows the law firm personnel well and can reach them regarding any odd or last minute changes. Last minutes changes in general – and especially contacts to you regarding wire transfers that are made via phone call, text, fax, signing software like DocuSign, or email are big red flags.

Robert Whitfield is the Broker/Owner of Advantage Realtors, and has over 35 years of multifaceted experience in the Atlanta Real Estate Brokerage, Building Inspection, and New Home Construction Markets.