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Ready to Sell? 3 Ways an Agent Helps Get You Started

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

The process of putting your home on the market and finding your next place can be overwhelming. Fortunately, an experienced agent can help you weigh all your options. Here’s where a professional might start:

1. Researching your home’s value
An agent will have the pulse on the current market. Together, you can review how much comparable properties have been selling for and how long they stayed on the market. The agent can provide a realistic idea of what your home is worth, and how fast (or long) it could take to find a buyer.

2. Working with your budget
After you learn what your current home is worth, you’ll be able to hone in on your options for your next one. An agent can give you an idea of what types of properties and which neighborhoods are in your budget. And a good agent who knows the area will also be aware of local housing trends and can advise you when might be a good time to buy.

3. Making your home market-ready
There may be work to do before you put your house on the market. A REALTOR(R) can help you prioritize repairs and also recommend a home inspector for an expert opinion on features like roofs and HVAC.

Ready to explore your options? Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals.

Courtesy of RE/MAX Blog

Get to Know Your Plumbing

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

You will spot several different types of plumbing systems in any housing market, including our own. Copper, galvanized, rigid plastic, polybutylene, and soft plastic are but a few. Certain systems are more prone to having certain problems.

Fixing minor plumbing repairs today can save you time and money when you are ready to sell. Buyers are expecting your home to show its absolute best while on the market. Anything less suggests that other things might also be wrong. At the same time, big upgrades may go unappreciated.

Before you make improvements, give me a call. I can help you determine which areas will pay the highest dividends, and which ones won't! 

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals.

June Home Sales Decrease: Could This Bring Some Much-Needed Relief to Buyers?

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Months of constricted inventory combined with a steady gain in year-over-year price increases created a recipe for seller’s delight in recent months. But for homebuyers, tight housing markets can mean increased competition (and some headaches!). Trends continue to show a move toward a more balanced market, and the increase in average days on market year-over-year may be welcome news to homebuyers.

According to the most recent RE/MAX National Housing Report, June saw closings decline and an all-time high median sales price of $276,000 for the 10-year history of the report. With sales slowing, inventory increased 1.3%, but supply still remains tight.

Despite the decline in home sales, there are indications that the market is rebalancing. “Several encouraging longer-term trends – ongoing demand, improving inventory levels, low interest rates – are helping the market make incremental progress on multiple fronts,” said RE/MAX CEO Adam Contos.

These trends may provide an opportunity for homebuyers to have greater flexibility to negotiate terms and concessions. Homes are sitting on the market a bit longer, which could make finding that perfect home more of a reality.

Here are some highlights of the latest data found in the RE/MAX National Housing Report:

  1. Home sales slowed at an unusual decline for this time of year.

June, typically the strongest month for home sales, saw closings decline 4.7% from the previous month and 7.8% from June 2018. This is only the second June in 10 years to have fewer sales than May.

  1. Inventory is up. Transactions are down.

With sales slowing, June inventory increased 1.3% over June 2018, marking the first year-over-year rise in June inventory in the report’s 10-year history. This is the ninth consecutive month that inventory has grown, showing the shift as the market rebalances.

  1. Sales prices are accelerating after months of moderation.

Housing activity in the report’s 54 markets nationwide also saw the Median Sales price grow by 6.7% year-over-year. June’s price increase accelerated compared to the prior three months, each of which had a year-over-price increase of less than 3.5%.

Prospective homebuyers, are you ready to make your move? Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals.

Blog courtesy of RE/MAX Blog

3 Things to Consider Before Registering Your Home on a Short-Term Rental Site

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Once upon a time, the idea of renting out your home to a stranger while you left for vacation was considered quite odd.

Today, renting a room in your house (or the entire house) to unknown travelers isn’t an outlandish concept, thanks in part to online services such as Airbnb, FlipKey and VRBO. Short-term rentals provide an income opportunity for owners and a unique way for visitors to experience a city. What better way to get the local experience than staying with – or renting from – locals?

If you think you’re up to being a host of a short-term rental, here are three things to keep in mind.

1. Legality

The rise in popularity of Airbnb and other sites hasn’t been without its controversy. There are concerns that short-term rentals threaten the jobs of hotel workers, and that a short-term rental doesn’t have to pass the same certifications and inspections of regular hotels.

Some cities have enacted restrictions against short-term rentals. You may need to register and get a permit or a license – or you may not be able to host at all. Check with your local government to make sure you understand the laws.

2. Taxes

You may not need to report the money earned from the short-term rental of your home if you meet both of these requirements:

1. You rent it out for fewer than 14 days a year AND

2. You live in it for more than 14 days or more than 10 percent of the total days you rent it out during the year (this determines if the property is seen as a residence or a rental property by the IRS).

Still unclear about the taxes on your short-term rental? TurboTax provides some more information, or you may want to consult with a tax professional.

3. Additional Costs

Renting out your home could mean an extra insurance bill. Check with your insurance agent to learn what your current policy covers regarding short-term renters. They may recommend increasing coverage. Airbnb does provide free primary liability coverage for up to $1,000,000 per occurrence, and many of the other sites have partnerships that make it easy to take out additional coverage, if needed.

In addition to insurance, you’ll have to pay a percentage of the rental income to the website: Airbnb and FlipKey both charge a 3% host service fee, VRBO has an option to pay-per-booking or an annual subscription fee.

Are you looking for a permanent home in your favorite vacation spot? Search for properties and connect with me on my website www.winstonrealtygroup.com 

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals.

Leaving Your Home Alone - Summer Vacations

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

If you're going to be away for an extended period of time or you're going to be without internet service for a week or two (yes, some people can actually still do that), you may want to think about finally setting up that auto-pay feature for some of your utilities to pay them automatically while you're away from civilization.

While keeping the electricity up and running is important, you may not need to leave everything plugged in while you're gone.  Unplugging non-essential electrical items can also help protect them in case of a lightening storm or an unexpected power surge.  If you have house plants, be sure and consider their needs as well when deciding on what temperature to leave the thermostat on while you're away.

Home Depot has a wide range of both indoor and outdoor timers that will allow you to set a time (or times) for your lights or a TV or radio to come on in the evening and remain on until the timer shuts them off.

If you have an alarm system, you may want to make sure that it is in proper working order as well as notify your alarm company of the exact dates that you'll be out of town.  If you ask someone to check on your house, be sure that they know the alarm codes along with the basic functions of the system.  Most alarm companies will also be able to set you up with a temporary code for them that will automatically expire on your return date.

You definitely don't want to come back to a house full of bad smells or flies (or both) so be sure and remove all perishable items from the fridge and countertops.  Check that all trash cans are emptied and see if that same friend might be able to put your trash canisters out for collection - and then put them back on collection day.  This will reduce the impression that nobody is home and your neighbors won't be annoyed by your trash cans being left out on the street for two weeks.

Also, be sure and put on hold any newspaper subscriptions as well as check with your local Post Office and see if you can have a vacation-stop put on your mail delivery.  You can also easily do this online now!

Finally, be careful when talking about your vacation plans on social media outlets such as Facebook or Twitter or Instagram. Burglars frequently monitor social media sites for indications of empty houses.

So stay safe, have fun, and don't forget the sunscreen!

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals.

Image by David Mark from Pixabay 

Displaying blog entries 1-5 of 5

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Contact Information

Photo of RE/MAX Central Realty Real Estate
RE/MAX Central Realty
Heidi and Michael Winston
8921 W Sahara Ave, Suite A
Las Vegas NV 89117
Heidi: 702-277-6599
Michael: 702-219-8692
Fax: 702-974-2288