Our Blog:  Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 18, 2021

The Best Week to Buy a Home Is Right Around the Corner

With low inventory, high competition, and high prices, the summer has been a tough time to buy a home. But, the good news for buyers is that it looks like that’s about to change, and early October is poised to be a much better time to find and buy a property.

According to a recent article from realtor.com, the best week to buy a home in 2021 is right around the corner—the first full week of October, October 3rd through the 9th.

So, what makes this week such a prime time to purchase your dream home? According to Realtor.com’s analysis (which analyzed data going back to 2018), experts are predicting that about 100,000 new homes could hit the market that week—a much-needed inventory increase that can give buyers more options to choose from. And with the school year back in full swing (and many parents reluctant to move and pull their kids out of school), less competition is expected—which could save buyers money on their home purchase. Demand is predicted to fall 18 percent from the peak of the summer—while home prices are projected to drop 2.6 percent.

The Takeaway:

So, what does this mean for you? “Buyers who think that now is the time to buy should get ready,” realtor.com Chief Economist Danielle Hale said in the article. “You’ll get a better-than-average price, more options to choose from, and homes that don’t sell as fast as they did in the heat of summer.” So, if you’ve been struggling to find the right property at the right price, things could be looking up in a few weeks—making now a great time to start looking for a home.

Aug. 21, 2021

Thinking About Updating Your Home? Here Are Some 2021 Design Trends to Consider

When you redesign your home, you want to design it in a way that feels timely and on-trend.

But what does “timely” and “on-trend” look like in 2021?

The 2021 Houzz Emerging Home Design Trends Report outlined some of the year’s most popular home design trends, including:

  • Dedicated activity spaces. Forget craft closets. One of 2021’s biggest trends is creating an entirely dedicated room or space in the home to house the family’s favorite activity—whether that’s an art studio, a home theater, or a wine cellar.
  • Living room refreshes. Updating their home in general is a priority for many homeowners this year—but the room homeowners seem to be most interested in refreshing? The living room. According to Houzz’s data, searches for living rooms (which can provide homeowners design inspiration) are up 52 percent compared to 2020.
  • Luxury colors and materials. This year, homeowners are embracing luxury in their home design—with velvet, gold, and crystal accents all in high demand.
Aug. 12, 2021

Who Is Responsible for Paying Real Estate Fees?

When it comes to buying or selling a home, from a financial perspective, there’s more to think about than just the home price. There are a variety of fees associated with a real estate transaction—and, as a buyer or seller, it’s important to understand which of those fees you may be responsible for during the process.

recent article from realtor.com aimed to clear up the confusion by outlining who covers common real estate fees, including:

  • Agent commission: Real estate agents make a commission off of every home sale; while commissions vary by agent, they’re often a percentage of the total sale price—a percentage that is then split between the buyer’s and seller’s agent. (So, for example, if the commission is 5 percent, 2.5 percent would go to the buyer’s agent, and 2.5 percent would go to the seller’s agent). Generally, the sellers pay this fee when it’s subtracted from the proceeds of their property sale at closing.
  • Closing costs: Closing costs cover a variety of fees (like loan processing, title company, and insurance fees) that are due at closing—and generally run between 2 and 7 percent of the home’s purchase price. Depending on the home sale—and the negotiating skills on either side—these costs may be covered by the buyer, the seller, or a combination of both.

The Takeaway:

So, what does this mean for you? Whether you’re buying or selling a home, if you’re not sure what fees you’re responsible for (or how much those fees will be), talk to your real estate agent. They can give you deeper insights into what fees you’ll be expected to cover—and how much you should set aside to cover those fees during your home purchase or sale.

July 25, 2021

How to Gameplan for Packing and Moving

So, you finally found your dream home!  This is when the stress really begins to build.  The lender will constantly "nag" you for more and more documents along the way, you have to do inspections, find title companies, moving companies, insurance company, just so much to do, and you then are hit with the overwhelming pile of stuff that you have in your house that now has to get into the new place.  If you are selling your home and moving to a new home, that just exasperates the situation. 

Where do you start?  Well, let's start with some supplies.  First, you should have packing supplies.  Always try to get free boxes, and the egg boxes are certainly a great choice!  Also know that you might need a variety of boxes in size and sturdiness for your all your things. It may be a good idea to invest in some wardrobe boxes as well.  According to Google, here’s a quick look at the approximate number of boxes you’ll need for different-sized moves.

 

Moving Boxes Needed by Home SqFt
Home Size/SqFt Small Large
700 SqFt 12 4
700-900 SqFt 15 6
900-1200 SqFt 21 10
1200-1600 SqFt 30 15

You can certainly use this as a guide.  Of course, if you house is 2400 sq ft, you would need 60 small boxes and 30 large and just keep estimating for the size of your current home.  Keep in mind, however, this can vary depending on whether you have fully utilized your sq footage or if you are more of a minimalist, but this is a good starting point. 

You will also need other items to help you pack.  Do you have picture frames, drinking glasses, dishes, or anything else fragile?  You will want to make sure they are wrapped and protected.  You can certainly purchase packing paper and bubble wrap, or start by saving any bubble wrap from items you purchase, use newspaper, mailer sheet, or other junk mail that might help.  You can also use clothes, sheets, towels etc. too.  You will need to bring your tee shirts, towels, sheets, etc. anyway, so why not use them to protect your breakables?                                                       

Now that your items are protected, you will also need packing tape or any type of tape to secure your boxes as well as a marker to identify items in your boxes.  It is also a great idea to write the room in which each box should go.  This aids anyone helping you move to place boxes exactly where they need to go.

Another great idea is using a portable moving/storage company like PODS.com  you can order a Pod ahead of time to sit in front of your house and load it up when you have time and then they can pick it up and relocate it to your new home for you to unload.  

If you are selling and need to declutter, before you put your house on the market, PODS can help there too! 

For a fast, free quote, visit PODS.com/Remax or call (866) 556-9595 and mention Promo Code: RMAX to save 10% on your next moving or storage project.

Courtesy of Debbi & Rich Rivero and the RE/MAX family!

July 14, 2021

3 Benefits of Hiring Carriers That Specialize in Senior Moves

Whether it is moving to a new house, a family member's home or an assisted living community, you need to complete numerous tasks when transitioning to a different living space. Working with a company that specializes in moving older citizens can make the process go more smoothly. When deciding which option to choose, consider these three services provided by transportation companies that focus on the retirement population. 

 1. Assist With Packing

From market reports to facility reviews, you spend days of research finding your perfect home; therefore, the less work required to settle into your new residence, the better. Professional movers can save you many hours by wrapping and boxing your belongings. 

Some companies provide packing supplies; however, you may save money if you purchase them separately. To help streamline the process, simply label or color-code boxes ahead of time and write down which items need to go where in your new living quarters. 

 

2. Provide Professional Recommendations

You will need other professional services to get settled into a new home. Since movers help people transition to different dwellings every day, they are a valuable resource for finding other reliable companies. 

For example, if you decide to purchase an existing home, it is wise to re-key locks to eliminate the risk of others gaining access to your house. Your Real Estate Agent or movers probably have some good recommendations for local locksmiths. Get their feedback or search a site like Angi for locksmiths in your area and research the suggestions to determine ratings and see comments from previous customers.

While it can vary, the average cost of re-keying a door is $50-$150, so get an idea of the price charged by each business. They may even offer specials for new customers. Just be sure to hire a company that is insured, bonded and provides a warranty in case something does not work.

Another great example is storage units. Since many older individuals choose to downsize, you may have items you do not want to part with that won't fit in your new home. Your Real Estate Agent can have coupons for places like PODS and  the movers may have some excellent storage center recommendations to keep your belongings safe. Some moving companies even offer their own storage facility, which saves you the time of finding and dealing with a separate business. 

 

3. Break Down and Reassemble Heavy Furniture 

According to one report, 33% of people hire professionals when moving. Although reasons vary, one advantage is assistance with furniture. Breaking down and rebuilding furniture can be difficult at any age, but it is especially challenging if you have any physical limitations.

Taking apart and putting together bed frames, desks or tables is also time-consuming. If you need to move a heavy piece of furniture from or to an upper floor, you need a second person to help. This limits what you can get done if you live alone. 

Save yourself these headaches by hiring a moving company that specializes in the older generation. These companies take all those tedious jobs off your plate by tearing down the furniture, wrapping the pieces, moving them to the truck, securing them, driving them to your new home, moving them to the right spot and rebuilding the furniture so it is completely ready to use. 

If you are mature in years and switching to a new residence, hire a professional moving company that focuses on older individuals to enjoy these advantages during your move. The right company provides packing assistance, business referrals and help getting heavy furniture safely set up in your new home.

Rivero Realtors are always here to help and have much experience in Senior Moving, call Debbi at 443.386.1306 to get started.

 

 

Blog courtesy of  Michael Longsdon 

@elderfreedom.net

July 9, 2021

Sell Or Lease Your Home: Which Is The Best Option

It’s a question homeowners need to answer before putting a home on the market. Should you sell the property or rent it out to qualified tenants? There are advantages and downsides to each option. The answer comes down to what works best for you.

Selling a Home vs Renting It Out

Selling your home puts cash in your pocket, it also relieves you of any obligations to the property. If you’re moving out of state, you may not want to deal with the problems that come up with a rental property.

As the owner of a rental home, you are responsible for the upkeep and general maintenance.

You still are paying property taxes, along with any applicable HOA fees. You also have to find reliable tenants with good credit histories.

You also want to think about the complicated and costly eviction process. Hopefully, you won’t find yourself in this situation, but it does happen. Are you ready to spend the time and money it takes to have a delinquent tenant legally removed? Some laws favor the tenant over the property owner.

Benefits of Putting a Home on the Rental Market

It may seem easier selling your home, but you’re missing out on revenue. Rental properties can be lucrative investments. It does require proper management from yourself or an outside company, but you also have a reliable monthly income stream.

Another reason to consider putting your home up for rent is the property’s sentimental value. It may be a family home filled with memories or have unique architectural features that you’re not ready to give up. You may also plan on moving back to the area at a later date. Renting out your house ensures you still have a home when you come back.

Getting Your Home Ready to Rent

The number of rental properties is up in most U.S. cities, even though 2021 is still considered a seller’s market.

Rental listings in some cities can bring over $2,000 a month in added income, while others are much higher. Getting top dollar from tenants depends on the neighborhood and the home’s amenities. Even if the property isn’t in a desirable area, you can still maximize its rent potential with a few upgrades.

Have your lawn landscaped with hardy shrubs and flowering plants. Give the trim a fresh coat of paint, and power wash patios and sidewalks.

The interior walls may also need painting, and don’t forget to take a look at the fixtures. Update old lights and faucets. You don’t need to spend a lot of money, but these changes will give the  home a fresh, new look.

Home entertainment rooms are at the top of the list for many prospective renters. You don’t have to leave your laser projector behind but having a dedicated space for home movie night increases the property’s rent potential. Inground pools also entice tenants, though make sure it is properly fenced in. You don’t want the pool to become a liability.

Conclusion

Renting out their property isn’t for everyone. There is a lot of work involved, even if you use a rental management company. It does guarantee a monthly income stream, and you still own the property.

If you don’t want to worry about your old home, it is a seller’s market.

 

Need direction?  Don't know where to turn, have questions, call us at 443.386.1306 to discuss your options!  Or visit Our Selling Page for more info.

 

This Guest Blog written by: Karl Kennedy

July 6, 2021

Home Warranties, Are They Worth It?

Do You Really Need A Home Warranty?

 

Are the appliances and systems ready for middle school? Are you on a tight budget? Are you not handy?

Ask yourself, do you feel comfortable doing this?

If the answer is no, maybe a warranty isn't a bad idea!  This is one of the many covered items in a one-year home warranty for your brand-new home purchase.

Having a home warranty doesn’t mean a homeowner will never have to spend a dime on home repairs. Purchasing a home warranty can help alleviate some of the financial burden new homeowners face when a major appliance or home system goes out. A warranty is designed to cover items that are in good working condition upon occupancy, and then fail due to normal wear and tear.

In today’s fast paced market, a home warranty is important for a homeowner who doesn’t have an emergency fund or wants to reserve it for other things. A warranty can also be helpful for people who have just depleted their savings to buy a home and want to avoid any additional major expenses.

Broken Heater

Your first winter in your house, you can be sitting in your home like an eskimo, or rely on a warranty to ease those possible issues.  Read more

For home sellers, offering the buyer a paid one year home warranty with the purchase may provide a measure of protection against buyer complaints about problems that arise after the sale closes and within that first year

.

Expectations – home warranty vs home owners insurance? A home warranty is not an insurance policy, but rather a service contract that helps pay the cost of repair or replacement of covered items, such as major kitchen appliances, as well as electrical, plumbing, heating and air condition systems. A home warranty should be considered when a home inspection reveals that several of the home’s appliances and systems are nearing their lifespan.  A warranty does not cover windows, doors or other structural features. 

Want to know how much coverage you can get and the cost?  Click here to learn more

 

Blog written by Marlene Campini @ Old Republic Home Protection

June 22, 2021

7207 Barry Lane - New Listing

Welcome to 7207 Barry Lane,

Elkridge, MD 21075

OPEN THIS SUNDAY 12:00-2:00pm

$465,000!

This is what you have been waiting for! A four-year-young townhouse with stone front, two-car garage and upper loft level with deck! This house was purchased to mimic the model home, so all the bells and whistles can be found here! Over $50,000 in options when originally purchased! Start at the entry level with den/office area and of course the two-car garage and then the wood steps head up to the main living level. Open concept living - the kitchen is totally upgraded with signature Maple cabinets, Quartz countertops, stone backsplash, stainless steel appliances, gas, five-burner stove, large center island and ceramic tile staggered floor. The large inviting living room is adorned with 3 1/4" Solid Oak shale-colored hardwood floors which also continues to the upper bedroom level. There you will find three bedrooms including the owner bedroom with the hardwoods, a walk-in closet and an exquisite bath with walk-in spa shower, vanity with quartz counters and double vessel sinks and separate water closet. Owners also reconfigured this level in order to house the washer/dryer for maximum convenience! And... one more level to go! On the very top floor, you will find the loft or recreation room with its own powder room and then just steps to your private roof-top deck to enjoy the views. All this and more with the perfect location, that is only a 5 min drive to I95, 10 mins to Halethorpe MARC station, 15 mins to Baltimore City/ Costco/ Arundel Mills! Since this style home is rarely available and extremely desirable, don't miss this opportunity! See it today!!  You can do your own open house now!  Check out our walkthrough tour!

 

June 21, 2021

A Guide to Senior Moving

 

Moving to a new home is always tricky.  However, for seniors, trying to determine your next move poses additional challenges.  From deciding to downsize to finding the right community and choosing which items to keep, the whole process can be very stressful.  There are resources to help, read A Guide on Senior Moving to help you prepare for a smooth and stress-free move.   Many of your options will depend on your personal situation for example, how mobile are you?  What is your health situation?  What is your affordability situation?  Some seniors decide to move in with family members, in fact, one out of every four caregivers lives with the elderly or disabled loved one he or she cares for. This is an option, but check out this list of questions to see if this is the right choice for you and your family.

 

Source: Caring.com 2017 Caregiver Journey Survey

The Main Reasons Why Senior Loved Ones Moved in With Family

61

61% cited a medical condition or diagnosis

59

59% cited safety concerns

29

29% cited financial considerations

Other options such as assisted living, nursing home, or a 55+ community are also great solutions but it depends on your needs.  Believe it or not, some of these options are less expensive than retrofitting your current home and hiring a home health aide or similar service.  For additional resources, revisit my blog:  A Quick Guide to Retirement and Affordable Living

 

Looking for more info on the options and costs for senior living in Maryland  Click Here.

When you do decide to make that move, check out the Steps for A Low-Stress Move First

 

 

Blog provided by: Darlene Smith

 

 

Planning on selling your home or downsizing into a new one? Partner with dedicated real estate professional Debbi Rivero today! 443.386.1306

 

June 2, 2021

New Listing! OPEN SUNDAY 1469 Allen Way

 

Welcome to Our Newest Listing!

 

1469 Allen Way, Westminster, MD 21157

 

Listed for only $369,900!

 

        Remodeled home awaiting new owner!   See more photos here

This home will make your dreams come true! Beautifully updated 3 bedroom 2.5 bath, 2 car garage home on gorgeous large landscaped lot! Enter into an inviting foyer, from there step up to your formal living room with brand new carpet. Upstairs you will find a gorgeous remodeled bath with jetted tub, along with three ample-sized bedrooms, and don't miss the primary bedroom with its own bath. Large main level dining room and beautiful updated kitchen with SS appliances and new granite countertops. From your kitchen you will find the welcoming and fenced rear yard with oversized shed to store all your landscaping needs. Plus there is a beautiful play house with a slide and finished off with electric. An awesome, newly refinished super-sized deck is perfect for relaxation. Light-filled and large family room with additional walk-out to rear yard. Lower level with warm wood stove and new flooring. Just a great flowing floorplan for you. This home has been freshened up with new paint too, so absolutely nothing to do but move right in!! Don't delay, see me today before I'm gone.

 

 

24/7 open house!  Visit the virtual walkthrough!

 

 

To see in person, visit us Sunday from 1-3

or call 443.386.1306 to set up a private tour!