Picture this: you’ve got a slew of eager buyers vying for your listing, each armed with their own stack of AVID disclosures. But here’s the kicker – if you don’t pass on those juicy details to the winning bidder, you’re playing with fire.
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Welcome to the colorful world of real estate, where the tiniest details can turn heads and open wallets! In the game of selling your home, even the shade of your front door can make or break a deal. Brace yourselves because, according to a Zillow survey from 2021, we’re about to dive into a rainbow of possibilities!
Let’s start with the front-runner in the door derby: slate blue. Picture a dreamy, chalky light blue-gray that’s like a breath of fresh air for your entryway. Actual and prospective buyers alike couldn’t get enough of this hue, giving homes with slate blue front doors top marks. They were more likely to swoon over these abodes and were willing to cough up an extra $1,537 on average to call it their own. Talk about painting the town (or your front door) blue!
But hold onto your paintbrushes because here comes the big kahuna: black. This high-contrast color is the epitome of sophistication and drama. Buyers were practically falling over themselves to shell out an average of $6,449 more for homes flaunting a bold black front door. However, like a double-edged sword, black proved to be a bit polarizing, with some folks finding it a tad too imposing for their taste. But hey, fortune favors the bold, right? If you’re feeling daring, black might be your ticket to a hefty payday.
Now, onto the not-so-rosy news: pale pink. While we’re all for embracing your inner Elle Woods, it seems that some buyers weren’t quite ready to bend and snap for homes with a pale pink front door. Described as “kind of shabby looking” by some survey participants, this delicate hue caused wallets to snap shut, with buyers willing to cough up a whopping $6,516 less on average. Looks like pink might be better suited for Barbie’s home than real estate listings.
And then there’s cement gray, the color that left buyers feeling, well, a bit meh. While not as divisive as some of its bolder counterparts, cement gray failed to make a lasting impression. Buyers showed it the door, offering up $1,236 less on average for homes adorned with this lackluster hue. Looks like cement gray might be better suited for, well, cement.
But fear not, homeowners, for there’s hope on the horizon! While the color of your front door may not be the be-all and end-all of your home’s sale price, it’s clear that a strategic splash of paint could pad your pockets. So, before we stick that “For Sale” sign in your front yard, consider giving your front door a fresh coat of paint. And hey, if you’re feeling overwhelmed by the kaleidoscope of choices, why not enlist our help? After all, it never hurts to have a pro in your corner when it comes to selling your home. Happy painting, folks!
Drew and Christine Morgan are experienced REALTORS and NOTARY PUBLIC in Belmont, CA. They have assisted buyers and sellers in their community for over 30 years. Drew and Christine have received the coveted Diamond award and ranked among the top 50 agents nationwide and the top 3 in Northern California by RE/MAX. To contact them, please call (650) 508.1441 or email info@morganhomes.com.
For all you need to know about Belmont, subscribe to this blog right here. You can also follow us on Facebook and on Twitter.
This article provides educational information and is intended for informational purposes only. It should not be considered as real estate, tax, insurance, or legal advice, and it cannot replace advice tailored to your specific situation. It’s always best to seek guidance from a professional who is familiar with your scenario.
BROKER | MANAGER | NOTARY
Despite homes being above water and values steadily increasing on the Peninsula, the overall market is not in top shape, as the number of transactions is at an all-time low.
Overview:
Recent Data (Q3 2023):
Sales Trends:
Home Prices:
Local Impact in Belmont:
In essence, while home prices are rising due to limited supply, the number of available homes for sale and overall transactions has significantly declined, especially when compared to previous years.
Drew and Christine Morgan are experienced REALTORS and NOTARY PUBLIC located in Belmont, CA. They have been assisting buyers and sellers in their community for over 30 years. Drew and Christine have received the coveted Diamond award and ranked among the top 50 agents nationwide and top 3 in Northern California by RE/MAX. To contact them, please call (650) 508.1441 or email info@morganhomes.com.
or all you need to know about Belmont, subscribe to this blog right here. You can also follow us on Facebook and on Twitter.
This article provides educational information and is intended for informational purposes only. It should not be considered as real estate, tax, insurance, or legal advice, and it cannot replace advice tailored to your specific situation. It’s always best to seek guidance from a professional who is familiar with your scenario.
BROKER | MANAGER | NOTARY
A reconveyance deed is like the hero that conveys the title back to the trustor-borrower when the borrowed money is fully repaid. Picture it as the grand finale in the mortgage repayment saga.
Continue readingIt’s almost unbelievable to think of any sector in the Bay Area facing an 18% income drop, but when you couple that with a 25% decline in available homes to sell, it paints a picture that’s not just about numbers—it’s a story.
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t is noteworthy that Brokers must complete three times the educational requirements at the college level compared to salespersons …
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It’s just like hopping on a roller-coaster, but with a twist of real estate drama!
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What is a Moral Hazard and Its Relevance in Real Estate
Continue readingNext time new neighbors appear mysteriously, they might have snagged a pocket listing in the neighborhood.
Continue readingThe article titled "California’s October home sales slide 40%" reported by Inman News today evokes thoughts of Mark Twain’s famous saying there are "Lies, damned lies, and statistics".
Though the number of homes which sold is easily tracked, calculating the true median home price is a little more elusive. The size of homes which sell in a particular period can greatly influence this statistic. The median price has been used quite often as a benchmark for home values since all things being equal, roughly the same size homes sell each month. However, current lending conditions affecting first-time home buyers have skewed these numbers and in fact a disproportionate number of larger homes are selling; and since larger homes sell for more, this has created the appearance of an increase in the median sale price in certain areas.
For example, one of the cities sited in the article as one of the 10 cities and communities with the greatest median-home-price increases in October 2007 compared to October 2006 was Redwood City at 20.6 percent. But if one examines just the single family homes which sold in those two periods, it reveals that in October 2006 the median home price was $810,000 and a year later $1,100,500-a whopping $290,000 more! Pretty exciting news for sellers until you look further at the data and realize that the median size home sold in these two periods also grew; from 1330 sq. ft. to 1760 sq. ft. Calculating the price per square foot which homes sold for in October 2007 ($600.00) and applying that to the difference in the size of homes sold (400 Sq. Ft.) for these periods reveals that $240,000 of the $290,000 increase was simply due to larger homes selling-still an increase, but hardly worthy of making the news. And of course if this scenario is played out across California as a whole, one wonders if the 9.9% median home price dip isn’t actually much steeper than reported?
*Data retrieved from the REIL MLS system for San Mateo County.
