Blog :: 08-2017

August Signature Report

 

We are about two years into a national trend of decreased housing supply and increasing average sales prices. Of course, there are exceptions to this rule, but the market is shifting predominately in favor of home sellers. This is great news for homeowners, and home sellers, as property values continue to rise along with demand. Purchasers will be happy to hear that interest rates have remained low, but are expected to creep up in the year to come.

We've seen dozens of multiple-offer situations over the summer, which makes having a realtor on your side crucial to negotiate the best price and terms for your sale or purchase. With a market this aggressive, having a professional working on your behalf is more important than ever. 

With an increased demand for homes the average amount of time a property spent on the market in August continued to decrease. This is especially true of homes listed by a licensed real estate agent as they're more widely visible to potential purchasers. Not only are homes selling quickly, but the multiple-offer situations referenced above can drive the sale price up.

 

August 2016 vs. August 2017 Chittenden County Statistics

As pictured in the graphs below, the number of available listings this August is down 15.6% from last year at month's end. Most notably however, is the substantial jump (over 12%!) in sales price from this time last year, netting sellers nearly $37,000 extra! These statistics are based on homes sold with the assistance of a trained professional; according to a recent study, homes sold without the help of a realtor net substantially less, and spend more time on the market. 

 

Sale Price vs. List Price Comparison

Below you'll find two charts comparing the average sales price versus list price of properties sold so far in 2017. As you'll see, month over month, Signature Properties of Vermont realtors are able to achieve or exceed our sellers' expectations. Signature Properties of Vermont boasts slightly higher  results than competing firms with our sellers receiving 100% of their asking price, on average. 

 

 

August Firm Rankings

We're proud to once again be in the top 10 performing brokerages this month, and year to date! It is important to us as a company that we maintain a small, productive team which allows us to handle each transaction with the personal attention and care it deserves. At Signature Properties, our clients, and their properties, are treated with the utmost respect. We'd like to think that our consistently high ranking reflects the time and attention we work to provide. 

 

As always, if you have any questions about your home, or the market in general, please give us a call! We are thankful to be your real estate resource. 

Do these things now if you want to sell your home this fall

We're not trying to wish away the last few weeks of summer, but if you're thinking of listing your home for sale this fall, now is the time to prepare. Fall and winter may not traditionally be the busiest times for real estate sales, but they do attract the most serious buyers. With inventory decreasing, you can bet more eyes will be on your home! These tips will help make it even more attractive.

 

 

The most important step you can take when you decide to sell your home is to find a trustworthy agent to assist you. According to the National Association of Realtors, 89% of home sellers choose to work with a realtor rather than attempting to sell their home themselves. There are many reasons home sellers seek out professional help, including a notable increase in selling price, a decreased amount of time spent on the market, and the peace of mind that comes with having a seasoned realtor on call. 

It's important to find a realtor that you feel comfortable and secure with. A home is usually the largest financial asset our clients own, and it deserves to be treated with care and respect. A great realtor will keep in contact, explain every detail of the sales process, market your home widely to qualified buyers, and most importantly, help you get the greatest return possible on your investment. 

If you're considering selling your home, one of our agents would be more than happy to hear your thoughts, and provide you with a report on your home's value!

 

 

Our second tip is to start a home maintenance "to do" list and start checking things off. Take care of any obvious repairs and maintenance that you can in advance so your home is ready to be shown when it hits the market.

Below are a few commonly forgotten items that really make a difference to prospective buyers:

Inside:

- touch up paint 

- replace burned out light bulbs

- be sure doors and windows are jam-free

- shampoo carpets

- replace any broken screens

- deodorize areas exposed to pets or smoke

- pack up any superfluous belongings to make the home show-ready

Outside:

- keep grass and landscaping tidy

- rake excess leaves - especially important this time of year!

- be sure any outdoor lights are working properly

- clean garage/barn

- touch up paint if necessary

- clean gutters and windows

- be sure walkways are clear of debris

 

 

Fall in Vermont is one of the most beautiful times of year! As the daylight hours become fewer, it's important to add a few extra lights to your home before you list it. If you don't already have a porch light, it would be a very nice, welcoming touch - be sure to leave it on before showings, too! Inside you may want to add a few lamps here and there to brighten your space.

If your home has a fireplace, now is the time to emphasize it! With chilly days ahead, making your home feel cozy and warm will be especially attractive to buyers.

 

 

Curb appeal is essential for home sellers regardless of season, but it's especially important in the fall. Summer spoils us with lush greenery and beautiful flowers, and can make late fall feel dreary in comparison. Add a few potted plants or pumpkins by your front door or mailbox, remember the front porch light, and keep landscaping tidy. All of these things will help your home to stand out when it comes time to sell!

6 Garden Tips To Transition From Summer To Fall

Summer isn't over yet, but it's time to start thinking about the upcoming transition to fall. We've put together 6 tips to keep your garden looking beautiful into the foliage season.

 

Before you do anything, take lots of photos of your current garden and landscaping. Take notes on which plants did well, which didn't and where you would like to see changes next year. Put together a binder, or digital photo album to look back on next year when spring rolls around. 

 

Now the real work begins. It's time to remove any annuals that are past their prime, rake the soil and add fresh mulch where necessary. This is also a good opportunity to trim bushes, and prune perennials. 

Fall is the time to look at your perennials and divide any that may be getting too large. This is a great opportunity to re-plant in other areas, or trade with friends to diversify your garden!

Fall doesn't mean you have to sacrifice your flower garden! There are lots of hardy plants that will thrive this time of year. Mums and pansies add a vibrant pop of color and look wonderful planted in your garden, or in pots by your entry!

With the change of seasons comes a change in temperature. Invest in some frost covers for planted flowers and bushes, and prepare to move potted plants indoors at night. 

 

Last but not least, fall is the time to think ahead to your spring garden. Remember those photos you took? Re-purchase any bulbs that did especially well, because now is the time to get those in the ground for next season. If you're not sure which bulbs will do well in your garden, this site has a comprehensive list with planting tips. 

Grill marinades to make your BBQ the talk of the neighborhood

There's still plenty of summer left, and that means there will more barbecues and fun gatherings to be had this season! We have 2 delicious marinade recipes to take your upcoming cookout to the next level. Enjoy!

 

 

Ingredients: 

- 1 Cup crushed pineapple

- 1/3 Cup soy sauce or coconut aminos

- 1/3 Cup honey

- 1/4 Cup apple cider vinegar

- 1-2 Cloves crushed garlic

- 1 Tablespoon fresh crushed ginger

- 1/2 Teaspon crushed cloves

- 1/2 Teaspoon cayenne pepper (optional - adjust to taste)

Directions: 

Mix honey, cider vinegar and pineapple juice together thoroughly. Add other ingredients individually making sure that each spice is well combined and thoroughly dissolved. 

For chicken or pork: thoroughly coat meat and refrigerate for 6-8 hours in marinade. Bake or grill and enjoy!

For fish or vegetables: Coat in marinade and allow to sit for no longer than 30 minutes before baking, grilling or sauteing. Enjoy!

 

Ingredients: 

- 1 Cup red wine vinegar

- 1/2 Cup olive oil

- 1/4 Cup worcestershire sauce

- 1/4 Cup brown sugar

- 4 Cloves crushed garlic

- 2 Tablespoons paprika

- 1 Tablespoon sea salt

- 2 Teaspoons ground black pepper

- 1 Teaspoon cayenne pepper or red pepper flakes (Optional - adjust to taste)

 

Directions: 

Mix all ingredients, combining thoroughly. Place brisket in plastic bag or tupperwear container and coat with marinade. Refrigerate for up to 14 hours (the longer the better!) before grilling. Feel free to add any of the dry ingredients directly to the meat before grilling. Prepare to allow the brisket around 5 hours to cook (internal temperature should reach at least 195 degrees). The less you flip the meat, the better. Cook it on slow heat and let it be. Enjoy!