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!

Feb. 2, 2024

February Newsletter 2024

Rivero Realtors News February 2024
 
 
(443) 386-1306 debsellsmd@gmail.com https://www.RiveroRealtors.com
Get the Best Price for Your Home with a Real Estate Professional

Every year, thousands of families apply a fresh coat of paint to their house, pack up their belongings, and try to sell their home. Unfortunately, this doesn’t always work out as planned. Some houses sit on the market for a long time, and homeowners aren’t sure why. If you’ve been struggling to sell your house or just aren’t sure where to start, a professional real estate agent can be the difference between your house sitting... Read More
 
Three Budget-Friendly Ways to Make Your Living Room Look Expensive

Your living room is one of the most important rooms in your home. It’s where you’ll spend the majority of your time relaxing and entertaining guests, so it’s understandable to want to make a great impression. If you’re on a tight budget, try these three simple tricks to get a designer look without breaking the bank.

Incorporate a Variety of Textures
While it’s common for people to purchase furniture sets, this can create too much of a “matchy... Read More
 
Here Are Eight of the Most Common Tax Filing Mistakes

As tax season nears, beware of easily overlooked filing mistakes. Here’s a quick list of eight common errors to help you avoid them.

■ Missing Information or Typos:
Double-check every detail on your tax return. Something as simple as a forgotten W-2 form or a small error can lead to bigger problems, like miscalculations and even audits. Take the time for a thorough review to ensure everything's... Read More
 
 
 
Survey Reveals that More People Expect Mortgage
Rates to Drop


A recent report from Fannie Mae on the Home Purchase Sentiment Index indicates that consumers are feeling more optimistic about the housing market. This boost in confidence is fueled by the anticipation of a decrease in mortgage rates within the next year.

According to the survey, 31% of those polled are optimistic, expecting a drop in mortgage rates. In contrast, 31% anticipate rates going up, while 36% believe rates will stay steady. Despite concerns about the overall homebuying climate, there’s been a positive shift in the perception of it being a good time to purchase a home... Read More
 
National Home Trends Point
to a Seller's Market


After five months of declines, existing-home sales increased in November, according to the National Association of Realtors (NAR). While all four sales regions in the country experienced year-over-year sales declines, two regions—the Midwest and the South—saw month-over-month sales climb.

Declining Mortgage Rates Create Opportunity
Lawrence Yun, chief economist for the NAR, expects a marked turn in the coming months as mortgage rates plunge. "The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a... Read More

 

Debbi & Rich Rivero  -  (443) 386-1306 Rivero Realtors News  -  February 2024 


Jan. 9, 2024

January 2024 Newsletter

 

Rivero Realtors News January 2024
 
 
(443) 386-1306 debsellsmd@gmail.com https://www.RiveroRealtors.com
Kick Off the New Year: Six Tasks to Complete in January

As the new year begins, it's beneficial to reflect on the past year of homeownership—what worked well and what could be improved. Taking time to review the previous year will enable you to set goals and make informed choices. Stay on the path to success in 2024 with these six effective tips:

Rethink Your Budget
Incorporate expected upcoming changes, such as downsizing or a job promotion... Read More
 
Tight Inventory Continues to Push Home Prices Higher

Existing-home sales declined in October across the country, according to the National Association of Realtors (NAR), with all four sales regions experiencing year-over-year declines. Month-over-month sales were unchanged in the Midwest but fell in the Northeast, South, and West. Fueling the sales declines were a lack of housing inventory and high mortgage rates, according to Lawrence Yun, chief economist... Read More
 
Refresh Your Home Decor with Low-Maintenance Houseplants

Plants are a refreshing interior design accent that brings in a bit of greenery, and some varieties help purify the air. Even if you don’t have a green thumb, these five plants are very hardy and thrive with the least amount of water or light:

Aloe vera is popular for its medicinal properties. Its spongy, structured form also makes it a great indoor plant. It thrives... Read More
 
 
 
Three Reasons Selling Your Home in Today’s Market
Makes Sense


If you’ve been contemplating selling your home, now is the moment to turn those thoughts into action. Despite the shifting dynamics in the real estate market, the current conditions indicate that it’s still a favorable time to sell.

Prices Are Rising
Home values are on an upward trajectory, dispelling concerns about declining home values. While the pace has slowed from previous years, this deceleration signifies a return to a stable and sustainable market. Selling now comes with confidence as prices continue to appreciate... Read More
 
Which Flooring Material Is Right for Your Home?

If you're starting a remodeling project or home renovation, your choice of flooring is the foundation for the rest of the room. A poor choice can be costly and disruptive if you have to replace it all later. Here are the pros and cons for the most common flooring materials:

Hardwood Has Timeless Appeal
Hardwood flooring, known for its durability and beauty, is a top choice for various spaces because it blends seamlessly with classic and contemporary designs. Maintenance is easy, but installation can be relatively costly. The investment often pays off by enhancing your home's resale value over a lifetime. Just keep in mind hardwood doesn't handle moisture well, comes... Read More
Debbi & Rich Rivero  -  (443) 386-1306 Rivero Realtors News  -  January 2024 


Dec. 2, 2023

December Newsletter

Rivero Realtors News December 2023
 
 
(443) 386-1306 debsellsmd@gmail.com https://www.RiveroRealtors.com
These Design Tricks Will Make Any Room Appear More Spacious

Open floor plans, soaring ceilings, and expansive, arched doorways lend an airy, spacious feel to a house. While not every home boasts these features, there's no need to settle. If your rooms feel cramped, consider these strategies to create the illusion of more space.

Light Paint Palette
While decor magazines and designers may suggest intricate color schemes and even ceiling... Read More
 
Does an Assumable Mortgage Make Sense in a High-Interest Market?

In a market where mortgage rates are surging, potential homebuyers face a daunting challenge. With the national average for a 30-year fixed-rate mortgage standing at 7.5%, some buyers and sellers are asking about other solutions, such as assumable mortgages.

What Is an Assumable Mortgage?
An assumable mortgage allows the buyer to step into the seller's financial arrangement, taking... Read More
 
Increasing Mortgage Rates and Home Prices Is Discouraging Buyers

According to the National Association of Realtors (NAR), existing-home sales declined in September. While all four major sales regions across the country saw year-over-year drops in sales, the outlook was brighter in the Northeast, where month-over-month sales increased.

Fewer Affordable Homes
The decline in home sales might be aggravated by low housing affordability. The 30-year... Read More
 
 
 
Building Better Credit? Don't Fall for Common Credit Repair Myths

On the path to better credit? Prepare to hear a lot of myths. These myths become prevalent for different reasons, so be sure to inform yourself in all matters regarding credit repair. Watch out for these top five credit repair myths when trying to repair your own credit. After all, dangerous methods can do more harm than good.

More Money Means Better Credit
Having a higher income can come with higher credit, but that's only because more money will allow you to pay down credit cards and loans more easily. Credit companies do not look at your individual income when determining your credit score. The fact that so many high-income households suffer... Read More
 
Five Ideas for Thoughtfully Curated Holiday Gift Boxes

The holiday season is a time for spreading joy and showing appreciation for our loved ones. One of the most heartfelt ways to do so is by giving a carefully curated gift box. These thoughtfully assembled packages go beyond the typical presents, offering a personalized touch.

Rest & Relaxation
After a year filled with ups and downs, everyone could use a little extra relaxation. This box could include items like luxurious bath salts, scented candles, a cozy blanket, a captivating book, or a selection of herbal teas. It's a perfect way to encourage self-care... Read More

 

Debbi & Rich Rivero  -  (443) 386-1306 Rivero Realtors News  -  December 2023 

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Debbi & Rich Rivero, Re/Max Advantage, 6021 University Blvd. #100, Ellicott City MD 21043
If you'd like to be unsubscribed from this newsletter, click here
The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice.
If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.
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Nov. 5, 2023

November Newsletter

Rivero Realtors News November 2023
 
 
(443) 386-1306 debsellsmd@gmail.com https://www.RiveroRealtors.com
House Hunting? Look for These Three Things That Always Appreciate in Value

When looking for a home, one common piece of advice is to choose a property that will appreciate in value. However, value is subjective. For example, a dream home with an in-ground pool for one person might be a hassle for another. These three house hunting tips will aid you in objectively assessing a property’s potential and identifying the assets that tend to... Read More
 
Get Your Home Prepared for the Holidays with This To-Do List

As the holiday season approaches, ensuring your home is clean, cozy, and prepared becomes a top priority. Make this festive time less stressful and more enjoyable with this guide on how to get your home ready for the holidays, along with some timely tips:

Prepare the Pantry
A clean and organized pantry is a game-changer during the holiday season. Take inventory of... Read More
 
Creating a Welcoming Entryway: Tips for a Lasting Impression

Your entryway sets the tone for the rest of your home, so it should make a positive first impression. Here are five tips to enhance your entryway:

Make a Statement with Color: Bold and vibrant hues like deep reds or royal blues can create a sense of drama and excitement. Alternatively, soft and neutral tones such as beige or gray can establish a serene... Read More
 
 
 
Prices Rise Amid Slowing Sales and Tightening Supply

For the third month in a row, median home prices surpassed $400,000; at the end of August, median existing-home prices reached $407,100, an increase of 3.9% year over year. According to the National Association of Realtors (NAR), all sales regions in the country reported price increases. Yet these increases came despite lower home sales. According to Lawrence Yun, chief economist for NAR, “Supply needs to essentially double to moderate home price gains.”

Housing Supply Dynamics
Unfortunately, the country’s housing supply is a long way off from doubling. By the end of August... Read More
 
Seven Essential Tips for Listing Your Home over the Holidays

Are you considering selling your home over the holiday season? To kick-start the process, consider these seven key strategies.

Experienced Agent: Enlist the help of an experienced real estate agent who understands the nuances of the market and can guide you through the process.

Optimal Pricing: Set the right price to attract potential buyers without compromising on your profits. A well-researched comparative market analysis (CMA) can be invaluable.

Impressive First Impression: In today’s digital age, online... Read More

 

Debbi & Rich Rivero  -  (443) 386-1306 Rivero Realtors News  -  November 2023
Oct. 2, 2023

October Newsletter

Rivero Realtors News October 2023
 
 
(443) 386-1306 debsellsmd@gmail.com https://www.RiveroRealtors.com
Seven Guaranteed Ways to Scare Away Buyers When Selling Your Home

Selling your home takes a combination of preparation and hard work. However, your chances of selling will be hindered if you make any of the following common mistakes before welcoming a viewer into your home.

1. Overly Quirky Decor. Overly quirky artwork and ornaments should be toned down. Replace excessively striking accessories, paint colors, and floor coverings... Read More
 
These Decor Trends
Will Set the Mood for Fall


Decorating your home for the fall season can create a cozy and inviting atmosphere. Here are the top three fall decorating tips to help you achieve a warm and festive look:

Embrace Autumn Colors
This season, jewel tones will take center stage. Deep burgundies, luxurious purples, emerald greens, and royal blues are bold colors that offer a... Read More
 
The KonMari Method: A Once-and-for-All Decluttering Technique

Are you often overwhelmed by clutter in your home or office? If the mess continues to build up, despite your best efforts, it might be time to discover a new solution. Try the KonMari Method, developed by Marie Kondo, a Japanese cleaning consultant with a lifelong passion for tidying.

In her book “The Life-Changing Magic of Tidying Up,” Kondo shares her philosophy and... Read More
 
 
 
Home Prices Rise as Inventory Shortages Continue

For the fourth time, the median existing-home sales price climbed above $400,000, according to the National Association of Realtors (NAR); in July, it reached $406,700, a 1.9% year-over-year increase. Across the country, prices rose in the Northeast, Midwest, and South but remained stable in the West. According to Lawrence Yun, chief economist for the NAR, most homeowners are benefiting from the price increases, as their wealth continues to grow. “However,” he added, “many renters are concerned as they’re facing growing affordability challenges because of high... Read More
 
Sellers, You Can Still Get a Great Price for Your Home

As mortgage rates continue to climb, many have anticipated a significant drop in home prices. However, that hasn’t happened yet and is unlikely to occur anytime soon. In fact, property prices remain high and are even rising in some markets. Here are several factors contributing to high property prices:

Very Low Inventory
The real estate market is experiencing an unprecedented shortage of available homes. Compared to past “normal” years, there are only about half as many homes for sale. This scarcity has created a competitive environment where demand exceeds supply, leaving buyers motivated to find a home... Read More

 

Debbi & Rich Rivero  -  (443) 386-1306 Rivero Realtors News  -  October 2023 

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Debbi & Rich Rivero, Re/Max Advantage, 6021 University Blvd. #100, Ellicott City MD 21043
If you'd like to be unsubscribed from this newsletter, click here
The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice.
If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.
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Sept. 3, 2023

September 2023 Newsletter

Rivero Realtors News September 2023
 
 
(443) 386-1306 debsellsmd@gmail.com https://www.RiveroRealtors.com
Understand AVMs to Maximize Your Home’s Appraisal Value

Technology has transformed the way homes are appraised, and a new set of rules has emerged for sellers looking to maximize their home’s appraisal value. Understanding modern appraisals is essential, as appraisal value is critical in determining a home’s asking price.

Traditionally, home appraisals were done manually by professionals who used their expertise... Read More
 
National Home Sales Down, but Prices Still at Record Highs

Existing-home sales saw a decline in June, with every sales region across the country reporting drops in year-over-year sales. However, according to the National Association of Realtors (NAR), month-over-month sales were more variable, with increases in the Northeast, decreases in the South and West, and stability in the Midwest. Home prices, meanwhile, held firm in most regions of the country. According to Lawrence... Read More
 
The Pros and Cons of Seller Financing: What You Need to Know

In the last year, interest rates have surged—with the average mortgage rate more than doubling. This rapid rise has left some homebuyers seeking alternative financing to fund their property purchases. As a result, private financing options have gained popularity in the real estate market. According to data from Realtor.com, the mention of private financing in property listings reached... Read More
 
 
 
Here’s What’s Trending for Kitchen Renovations

Planning to renovate your kitchen? You’ll want to know the latest trends. Houzz recently conducted a survey of 2,380 U.S. homeowners to learn about their kitchen renovation plans and preferences. Here are some of the most interesting findings:

Sustainability Tops the List
Ninety-two percent of those surveyed said they incorporate sustainable features when they’re doing a kitchen renovation, with LED bulbs and energy-efficient appliances being the most popular choices. Water-efficient fixtures and energy-efficient windows are also becoming increasingly... Read More
 
Select the Perfect Paint Color and Finish for a Modern Makeover

To achieve a modern makeover, it’s important to consider the right paint color and finish for your interior. Neutral colors like beige and gray have always been popular choices for interior paint colors. In 2023, neutral paint colors are trending toward warmer grays, greige tones, creamy whites, and shades closer to beige. These colors bring warmth and a clean, modern feel to your space. They work well in both traditional and contemporary settings, providing versatility and a fresh look.

When selecting a finish, consider the following options... Read More

 

Debbi & Rich Rivero  -  (443) 386-1306 Rivero Realtors News  -  September 2023 


Aug. 7, 2023

Doors Vs. Wheels

So...  I had a settlement today and it was a wonderful transaction.  Buyers and sellers were both happy and enjoyed the entire transaction.  While we were there, a discussion started about what is more prevalent in the world, wheels vs doors.  I was then surprised to find this was a dilemma disscussed by todays youth; My vote was for doors as most vechicles that have four wheels also have four doors and every home has multiple doors in each house, but no wheels, but the buyer pointed out that every "system" could also contain wheels to operation (for eg. a clock).  This made me ponder a little too much, so not sure what to do to solve this problem... I asked AI...this is what CHATGPT computer" has to say....

"While I don't have access to real-time data, I can make an educated guess based on common knowledge. It's likely that doors are more prevalent in the world compared to wheels. Doors are found in virtually every building, structure, and vehicle, including homes, offices, factories, cars, airplanes, and more. They serve essential purposes for access, security, and privacy.

 

Wheels, on the other hand, are found in a wide range of vehicles and machinery, but they might not be as universally present as doors. While there are many vehicles on the roads and various forms of machinery that use wheels, not every object or structure requires wheels.

 

Remember, this is a general estimate and might not be accurate in every specific context. The prevalence of doors and wheels can vary greatly depending on the specific area or industry you're considering."

 

SO, for those of you that are still debating this issue, I am on the the "Door" side!

Aug. 6, 2023

Buy without selling

Do you want to buy before selling, but don't have cash to do so?

Concerned about being "homeless" by selling and not finding a new home in time?

Mike has the answer...

Contact us for more info!

Aug. 6, 2023

August 2023 Newsletter

Rivero Realtors News August 2023
 
 
(443) 386-1306 debsellsmd@gmail.com https://www.RiveroRealtors.com
Smart Home Investments for Your Money: 2023 "Cost vs. Value" Report

A home is often the largest investment a person will make in their lifetime—but it’s not a hands-off investment. Failing to make improvements to your home could cost you when it comes time to sell. Zonda Media’s 36th annual Cost vs. Value report polled over 6,000 Realtors to determine the total value renovations add to the sale price of a home. Here are the top five most worthwhile home remodeling projects... Read More
 
Have You Implemented These Nine Home Safety Essentials?

Moving into a new house is exhilarating, but don’t forget about home safety. Here are nine essential measures every homeowner should take as soon as they get the house keys:

Change the Locks
You don’t know who has copies of the old keys, so change out all the locks as soon as the property is yours. Don’t forget garage doors, shops, and alarm... Read More
 
Tips for Conserving Water in Your Landscaping

Use these tips to create an aesthetically pleasing landscape while also being mindful of water conservation.

Choose Native and Drought-Resistant Plants
Opt for plant species that are native to your region and can thrive with minimal watering once they are established. These plants are adapted to the local climate and require less... Read More
 
 
 
With Available Homes Selling Quickly, More Housing Inventory Is Needed

There was a slight improvement in the housing market in May, according to the National Association of Realtors (NAR), with existing-home sales increasing. While every region of the country posted year-over-year declines, month-over-month sales were variable, with the South and West seeing increases and the Northeast and Midwest seeing declines. According to Lawrence Yun, chief economist for the NAR, mortgage rates had an impact on the direction of home sales. "Relatively steady rates have led to several consecutive months... Read More
 
Ready to Make Your Move? Let Me Help You Find Your Dream Home

Are you ready to buy a home? Here are some essential real estate facts to help you get started:

Make a Must-Have List
Create a comprehensive list of features that are nonnegotiable for your new home, as well as those that would be desirable but not essential. This will help you prioritize your needs and ensure your family’s comfort.

Work with a Local Expert
Real estate agents are invaluable resources with extensive knowledge of contracts and negotiations. Partnering with a local expert will guide you through the buying process... Read More

 

Debbi & Rich Rivero  -  (443) 386-1306 Rivero Realtors News  -  August 2023 

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Debbi & Rich Rivero, Re/Max Advantage, 6021 University Blvd. #100, Ellicott City MD 21043
If you'd like to be unsubscribed from this newsletter, click here
The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice.
If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.
Powered by AnyPresentations.com

July 15, 2023

Selling Your House Made Easy

picture provided by Pexels

 

 

Selling a house can be a time-consuming and often stressful process. From listing your property to finding a suitable buyer, the traditional method of selling a house can take months, or even longer. We would love to help you through the navigation process and you can start here www.riverorealtors.com/selling/.  However, in today's fast-paced world, many homeowners are seeking alternative ways to sell their homes quickly and efficiently. Enter "We Buy Houses in WDVM," a reliable and hassle-free solution that has gained popularity among homeowners in the WDVM (Washington DC, Maryland, Virginia) area. In this blog post, we'll explore the benefits of this alternative method and why it might be the perfect choice for you.

 

Swift Sales Process:

 

One of the most significant advantages of working with "We Buy Houses in WDVM" is the speed at which you can sell your house. Unlike the traditional method, which involves numerous showings, negotiations, and potential delays, these specialized companies are known for their quick sales process. Within a matter of days or weeks, you can have a fair cash offer in hand and complete the transaction.

 

No Repairs or Renovations:

If your house is in need of repairs or updates, it can be challenging to attract potential buyers and secure a fair price. However, companies like "We Buy Houses in WDVM" alleviate this concern. They are willing to purchase houses in any condition, regardless of repairs or renovations needed. This means you won't have to spend time and money fixing up your property before selling.

 

No Need for Real Estate Agents:

While working with a real estate agent has its advantages, it also involves commissions and fees that can significantly impact your profits. With "We Buy Houses in WDVM" , there's no need for a middleman. You can bypass real estate agents and directly deal with the buyer, ensuring a more streamlined and cost-effective selling process.  If you are unsure of the best route for you, reach out to me via email or schedule a 1-1 call with me to discuss your options, ABSOLUTELY FREE OF CHARGE to you.

Cash Offers and Guaranteed Closings:

One of the standout features of "We Buy Houses in WDVM" and similar companies is their ability to provide cash offers for your property. This eliminates the uncertainty associated with traditional financing, such as buyer mortgage approval or delays caused by lenders. Moreover, these companies often guarantee closing the sale, providing you with peace of mind and a firm timeline for the transaction.

 

Simplified Selling Experience:

Selling a house can be overwhelming, with paperwork, negotiations, and legal complexities. "We Buy Houses in WDVM" aim to simplify the process by taking care of the majority of these tasks for you. They have experienced professionals who handle the paperwork, title transfers, and legalities, making the selling experience smooth and stress-free.

 

So, when it comes to selling your house quickly, "We Buy Houses in WDVM" can offer an attractive alternative to the traditional method. With a swift sales process, no repairs or renovations required, no need for real estate agents, cash offers, and guaranteed closings, it's no wonder why many homeowners are turning to this convenient solution. If you're looking to sell your house in this area, consider exploring this alternative route for a hassle-free and efficient selling experience.