Have You Thought About Why You Might Want To Sell Your House?

Some Highlights

If you’re on the fence about selling your house, it’s worth considering all the reasons why moving could make sense for you.

If you find your home no longer meets your needs, it may be time to sell.

You have a lot to consider when deciding if you should move. Let’s connect today to go over the benefits of selling your house.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


How Homeownership Is Life Changing for Many Women

Even though Women’s History Month is over, we still reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households.

Why Is Homeownership So Important to Women?

The rise in women pursuing homeownership hasn’t just made an impact on the housing market. It’s also been an asset for those buyers and their households. That’s because homeownership has many benefits, both financial and personal.

On the financial side, housing proves to be the key to building wealth for single women. Ksenia Potapov, Economist at First Americansays:

“For single women, housing has always made up a large share of total assets. Over the last 30 years, the average single woman’s wealth has increased 88% on an inflation-adjusted basis, from just over $142,000 in 1989 to $267,000 in 2019, and housing has remained the single largest component of their wealth.”

The financial security and independence homeownership provides can be life changing, too. And when you factor in the personal motivations behind buying a home, that impact becomes even clearer.

A recent report from the National Association of Realtors (NAR) shares the top reasons single women are buying a home right now (see chart below):

Bottom Line

Homeownership can be life changing no matter who you are. Let’s connect today to talk about your goals in the housing market.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


Controlling Mold

Mold, a fungal growth, is commonly found in buildings and homes. It grows in places with a lot of moisture that can be caused by flooding or leaks. Although there is always some mold in the environment, studies have been done that have linked mold exposure to certain health problems. People regularly exposed to mold were shown to be at risk for upper respiratory infections asthma exacerbation, and allergies. To reduce potential adverse health issues, it is recommended for homeowners learn to identify, control, and prevent mold growth as much as possible.

If you’ve never experienced problems with mold in your home, that is a good thing, but you should still be prepared.

address leaks and water damage

Address leaks and water damage— By eliminating the source of moisture you will reduce the potential for mold. Promptly fix any leaks in your roof, pipes, windows, and other fixtures as soon as you recognize them.

control humidity

Control humidity levels—During humid months, check that the humidity level stays between 30 and 50%. Use an air conditioning unit, dehumidifier, or open the windows to circulate air throughout the house.

ventilate rooms

Ventilate rooms—Use exhaust fans in the bathroom after showers and in the kitchen when cooking to vent moisture outside the home. Regularly clean your dryer vent. You can use air purifiers to control the spread of airborne mold particles.

prevent condensation build-up

Prevent condensation build-up by installing extra insulation on pipes, water tanks, floors, walls, ceilings, and windows. Wipe down the tile after showers and promptly dry all laundry. Clean gutters in spring and fall, and purchase a sump pump or vapor barriers, as needed, for your basement.

Bottom Line

Practicing preventative measures is always the best offense; however, ridding your home of mold can be challenging. These measures can help you prevent and control the growth and spread of mold that could create an unhealthy environment. If you find that mold in your home is too extensive to deal with or is a threat to your health, strongly consider hiring a mold remediation specialist. Otherwise, the best way to cope with it is to get it under control as soon as you detect it.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


How to Make Your Home Safe for Senior Living

As there are a growing number of aged adults living independently, it’s ever important to be aware of the risks of daily living accidents such as falls and fire hazards and how to eliminate these to keep ourselves and loved ones safe. Whether a quick fix or a small renovation, the following are commonly recommended adjustments to help avoid potential risks.

Minimize trips and falls

Remove a loose rug or secure it with double-sided tape or a rug pad. For carpet tears, mend with carpet glue or staples. If you have a flight of stairs, use textured no-slip strips and ascertain that handrails are secure. Another consideration is a chair lift. For the bathroom, a rubber mat in the tub prevents slippage. Also, you can browse your local medical supply store for grab bars to install near the shower, bathtub, and toilet. You may also look for a toilet seat riser to ease getting up. Place electrical cords away from high traffic areas.

Remove obstacles

Clear the pathway of any chairs, appliances, bags, or boxes that can impede the walkway and cause someone to lose their footing. Add low-level shelving to store extra items that are lying around.

Secure, adjust, or replace faulty furniture

Fix or trade chairs with wobbly limbs for those with sturdy legs and arms. Ensure chairs and bedding are at a comfortable height to sit and rise from. Adjust the headboard or replace the mattress if it’s too high or low.

Improve lighting

Darkness in the home during the night is an accident waiting to happen while making one’s way to the bathroom. Nightlights, motion sensor lighting, or the clapper are helpful aids to increase visibility rather than risking a stumble. LED bulbs versus high bulb wattage are safer and save on energy.

Keep activities and large items on one level

Reduce the need to visit the basement or consider purchasing a ranch where you can access laundry, storage, and other items on the main floor. Create easy access to heavy objects, such as hanging pots and pans on the wall, to avoid heavy lifting.

Practice fire and burn prevention

Control temperatures by monitoring thermostats or installing lock-in switches to control furnace fires. Check that electrical cords are not frayed, and outlets aren’t overfilled to avoid shorts and overheating. Be careful of burns and scalding when near water or in the kitchen. The water-heater thermostat should be no higher than 120 degrees Fahrenheit and avoid wearing loose clothing while cooking on the stove. When using space heaters, ensure they are placed at least three feet away from furnishings.

Follow general safety and health measures

Everyone, including seniors, is vulnerable to smoke and toxic fumes. Change the smoke detector and carbon monoxide batteries twice per year and add a fire extinguisher to the kitchen and on each floor of the home. Keep a list of emergency numbers visible and handy. Hire a regular cleaning service and have the pharmacy attach large print labels to medication bottles. You don’t want to risk the possibility that seniors with mobility, hearing, and visual limitations, accidentally overmedicate or mix the wrong cleaning chemicals.

In addition, obtain a medical alert system for those prone to falls. If they don’t want to wear a device, they should always have a cordless phone handy. Finally, invest in a smart home security system to protect against home invasion if you can afford it.

Bottom Line

As we and our loved ones age, we become increasingly vulnerable to accidents, crime, and health emergencies. Tragedies can cost us dearly if we don’t take the time to ensure our homes are safe. It’s just a matter of taking a few extra precautions and, if needed, investing in the necessary changes to provide the priceless protection and peace of mind that we all deserve.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


Why Buying a Home Is a Sound Decision

If you’re thinking about buying a home, you want to know why buying a home is a sound decision. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment.

This year, we aren’t seeing home prices fall dramatically. As the year goes on, however, some markets may go up in value while others may lose value. That’s why it’s helpful to keep the long-term view in mind. Experts project a return to a steadier rate of price appreciation in the years that follow.

Home Price Appreciation in the Years Ahead

Over 100 economists, investment strategists, and housing market analysts were polled by Pulsenomics in their latest quarterly Home Price Expectation Survey (HPES). The report indicates what they believe will happen with home prices over the next five years. As the graph below shows, after mild depreciation this year, these experts forecast home prices will return to more normal levels of appreciation through 2027.

Estimated National Price Performance - December to December, as forecasted in Q4 2022

The big takeaway is experts aren’t forecasting a drastic fall in home prices nationally, even though some markets will see home price appreciation while others may depreciate. And when they look further out, they see steady price appreciation in the long run. That’s a great example of why homeownership wins over time.

What Does This Mean for You?

Once you buy a home, price appreciation raises your home’s value, and that grows your household wealth. Here’s how a typical home’s value could change over the next few years using the expert price appreciation projections from the survey mentioned above (see graph below):

Potential growth in household wealth over the next 5 years based solely on increased home equity if you purchased a $400k home in January 2023.

In this example, if you bought a $400,000 home at the beginning of this year and factor in the forecast from the HPES, you could accumulate over $54,000 in household wealth over the next five years. So, if you’re wondering if buying a home is a sound decision, keep in mind what a strong wealth-building tool it is long term.

Bottom Line

According to the experts, while we may see slight depreciation this year, home prices are expected to grow over the next five years. If you’re ready to become a homeowner, know that buying today can set you up for long-term success as home values (and your own net worth) are projected to grow. Let’s connect to begin the homebuying process today.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


Test Your Home Smarts

How much do you know about home maintenance? Test your knowledge by responding to each of the statements with TRUE or FALSE.

1. You should not clean concrete floors unless they are painted. T/F

2. Never use salt for traction on icy sidewalks because it damages the pavement. T/F

3. Forced-air furnace filters need to be changed every three months. T/F

4. You should run hot water through the garbage disposal to help break down food scraps. T/F

5. Throw in a handful of sugar to prevent soot and add color to the fire in your fireplace. T/F

6. Firewood should be stored away from the fireplace in another room. T/F

7. You can use equal parts of vinegar and warm water per gallon to clean exterior windows. T/F

8. Your water heater should be set at 120 degrees Fahrenheit. T/F

9. Skylights should be inspected twice per year. T/F

10. If you notice film on your kitchen cabinets, you should clean your range hood grease filter. T/F

11. A qualified roofer should inspect your roof every three years. T/F

12. Noisy water pipes should be fixed at first notice of a leak. T/F

Let’s see how well you did. Here are the answers:

1. False-You can clean unpainted concrete floors with a solution of 4 to 6 tablespoons of sodium carbonate in a gallon of hot water. Mix scouring powder to the solution for tough jobs.

2. True- Use sand or cat litter.

3. True- A minimum of 3 months, more often if you have pets or allergies.

4. False- Use cold water because hot may cause fats to thicken and stick to the blades.

5. False- Use salt to prevent soot and add color; the salt combines with the water in the burning wood to create an acid that dissolves the soot. Color is created when the heat changes the salt’s electrons, producing photons of light.

6. False- Firewood should be stored outside, away from your house, and not directly on the ground.

7. False- Per quart of warm water.

8. True.

9. False- Skylights should be inspected regularly as they are prone to leakage from cracks around seals.

10. True.

11. True.

12. False- They should be fixed promptly because the vibration that it causes can loosen fittings and start a leak.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Reasons To Consider Condos in Your Home Search

Original Post

Are you having trouble finding a home that fits your needs and your budget? If so, we’ll give you some reasons to consider condos in your home search. According to Bankrate:

A condo can be a more affordable entry point to homeownership than a single-family home. And as a homeowner, you’ll build equity over time and have access to tax benefits that a renter wouldn’t.”

That’s why expanding your search to include additional housing types, like condominiums, could help you accomplish your homeownership goals this spring, especially if you can be flexible about the space you need. Condos are typically smaller than a single-family home, but that’s part of what can make them more budget-friendly (see graph below):

Condo price vs single family home

In addition to providing more options in your home search and possibly your price point, there are several other benefits to condo living. They tend to require less upkeep and lower maintenance – and that can give you more time to spend doing the things you enjoy. Plus, since many condos are in or near city centers, they offer the added benefit of being in close proximity to work and leisure.

Remember, your first home doesn’t have to be your forever home. The important thing is to get your foot in the door as a homeowner so you can start building wealth in the form of home equity. In time, the equity you develop can fuel a future purchase if your needs change.

Ultimately, owning and living in a condo can be a lifestyle choice. And if that appeals to you, they could provide the added options you need in today’s market.

Bottom Line

It could make a lot of sense to add condos to your home search. Let’s connect today if you’re ready to check out the options in our area.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


Creative Parties with Cher Ewing

In this episode, I speak with Cher Ewing about Pintwist Parties, of which she is the owner and founder. Pintwist Parties is a fun, paint party business, and is a great way to tap into your creative side, even if you think you’re not creative. Cher offers unique laser-cut-out projects that are on trend; she brings all the supplies and shows you step-by-step how to complete your project. You can also host your very own Paint Party with her DIY Kits, or you can join her two monthly DIY Kit Monthly Subscriptions: Pin Kit Central and Twisted Ladder Kit Club. It’s all about the Kits!

Pintwist Parties started as a way to keep the spirits up for a member of her tribe when the friend was given a fatal cancer diagnosis. Her friend could no longer go out easily and Cher wanted to do something fun every week to help escape reality for a little bit. Then when the world shut down in 2020, her business shut down and she had to pivot to delivering groceries. But she missed the creativity of her business. So she pivoted yet again, and decided to create kits to ship for people to do on their own.

Listen to all the practical ways Cher worked with her tribe to grow her business and take it to the next level.

PinTwist Parties offers Live Pinterest inspired Parties, DIYKITS, Monthly DIY subscriptions, Blanks for Paint/Sign Parties and Laser Cut Files.
_______________________________________
Cher Ewing: Pintwist Parties
Email: pintwistpartiesllc@gmail.com
Phone: (214) 534-7455
Facebook: Pintwist Parties
Twitter: PintwistParties
Instagram: @PintwistParties
_______________________________________

Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


The Role of Access in Selling Your House

Original Post

Once you’ve made the decision to sell your house and have hired a real estate agent to help, they’ll ask how much access to your home you want to give potential buyers. Your answer matters more now than it did in recent years. Here’s why.

At the height of the buying frenzy seen during the pandemic, there was a rise in the number of homebuyers who put offers on houses sight unseen. That happened for three reasons:

  • Extremely low housing inventory
  • A lot of competition from other buyers wanting to take advantage of historically low mortgage rates
  • And general wariness of in-person home tours during a pandemic

Today, the market’s changing, and buyers can usually be more selective and take more time to explore their options.

So, in order to show your house and sell it efficiently, you’ll want to provide buyers with as much access as you can. Before letting your agent know what works for you, consider these five levels of access you can provide. They’re ordered from most convenient for a buyer to least convenient. Remember, your agent will be better able to sell your house if you provide as much access to buyers as possible.

  1. Lockbox on the Door – This allows buyers the ability to see the home as soon as they are aware of the listing or at their convenience.
  2. Providing a Key to the Home – This would require an agent to stop by an office to pick up the key, which is still pretty convenient for a buyer.
  3. Open Access with a Phone Call – This means you allow a showing with just a phone call’s notice.
  4. By Appointment Only – For example, you might want your agent to set up a showing at a particular time and give you advance notice. That way you can prepare the house and be sure you have somewhere else you can go in the meantime.
  5. Limited Access – This might mean you’re only willing to have your house available on certain days or at certain times of day. In general, this is the most difficult and least flexible way to show your house to potential buyers.

As today’s housing market changes, be sure to work with your local agent to give buyers as much access as you can to your house when you sell.

Bottom Line

Access can have a big impact on the sale of your house. Let’s connect today if you’re ready to make a move this spring.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


What’s Ahead for Home Prices in 2023

Original Post

Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.

Selma Hepp, Chief Economist at CoreLogicsays:

While 2023 kicked off on a more optimistic note for the U.S. housing market, recent mortgage rate volatility highlights how much uncertainty remains. Nevertheless, the continued shortage of for-sale homes is likely to keep price declines modest, which are projected to top out at 3% peak to trough.”

Additionally, every quarter, Pulsenomics surveys a panel of over 100 economists, investment strategists, and housing market analysts regarding their five-year expectations for future home prices in the United States. Here’s what they said most recently:

So, given this information and what experts are saying about home prices, the question you might be asking is: should I buy a home this spring? Here are three reasons you should consider making a move:

  1. Buying a home helps you escape the cycle of rising rents. Over the past several decades, the median price of rent has risen consistently. The bottom line is: rent is going up.
  2. Homeownership is a hedge against inflation. A key advantage of homeownership is that it’s one of the best hedges against inflation. When you buy a home with a fixed-rate mortgage, you secure your housing payment, so it won’t go up like it would if you rent.
  3. Homeownership is a powerful wealth-building tool. The average net worth of a homeowner is $255,000 compared to $6,300 for a renter.

Experts are projecting slight price depreciation in the housing market this year, followed by steady appreciation. Given that, you may be wondering if you should move ahead with buying a home this spring. The decision to purchase a home is best made when you do it knowing all the facts and have an expert on your side.

Bottom Line

Let’s connect so you can make the most informed decision about your next move.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.