What Is Your Zestimate?

September 24, 2019September 24, 2019Leave a comment

If you’re a fan of Zillow.com then you are familiar with the “Zestimate” value of your house. Of course, it is an “estimate of value” but because it is generated by Zillow they have added the “Z” to make it proprietary. Recently a buyer asked why a Zestimate was so much lower than the asking price for a house. Good question. Let’s discuss.

Have you checked your house on Zillow lately? If you have, then you may be wondering how Zillow came up with that value. As a real estate agent and as a member of the National Assocation of Realtors, Vermont Association of Realtors, and the Northwestern Vermont Board of Realtors, I have access to many estimating programs that use data differently than Zillow. In addition, I have access to hyper-local real estate information that is reported monthly.

If you are looking for a true “range of value” for your house, then I need to visit. There are many factors involved in pricing a property and the online resources give us a guide, but do not use data points that are crucial in our local area.

Back to the original question, “Why is the Zestimate so much lower than the asking price of the house?” The answer is, “Because Zillow has never been to the house, has never seen the house, and, relies on data that may or may not be accurate.”

For more information on your house, and, to see if your value has truly increased or decreased, get in touch with us.

3 Things That Happen in the Real Estate Market After Labor Day

August 15, 2019August 15, 2019Leave a comment

Photo by Jeffrey Czum on Pexels.com

Labor Day Weekend heralds the end of summer fun and vacations for most people. It’s back to school, back to business, and goodbye to the hazy, lazy, crazy days of summer. What does this mean for our local real estate market? There are 3 things that happen as the weather cools in our region:

Buyers jump back into the market, making looking for a home a priority. With the kids back in school, parents are able to look during the day without having to juggle swim lessons and camp pick-ups. While some families may want to wait until the end of the school year to make a move, many families are ready to transition during this season. Buyers who have been on “hold” due to vacations and trips to the beach are now committed to looking full-time.

Sellers concentrate on repairs, painting, and landscaping. Taking advantage of cooler temperatures and after-work daylight hours, sellers begin to focus on sprucing up their landscaping and the exterior of their homes.

Homes are priced realistically. Sellers who have their houses on the market in the fall are “ready to go” before the snow flies. Buyers, too, want to be settled in time for the December holidays.

For all of these reasons the “Fall market” continues to be one of our favorite times to help buyers and sellers. Many real estate agents tell you that “anytime” is a good time to buy or sell, but, is it? When it’s time for you to jump into the market be sure to contact us for an overview of the current market conditions.

“What? A Radon Test? I Have To Keep My Windows Closed? It’s August!”

July 22, 2019Leave a comment

Photo by Burst on Pexels.com

Everyone looks for ways to cool off from the “dog days” of summer that settle upon Vermont in August. Whether it’s a trip to the Waterbury reservoir, a dip in a quarry, or a leisurely canoe ride down the Mad River, everyone has their own way to beat the heat. And, New Englanders know that it “cools off at night” so many of us forego air conditioning in the evening and throw open the sashes to enjoy summer evening breezes and fresh air.

If you’re selling your house this summer the heat and humidity pose another challenge – a radon test. When the buyer orders a home inspection as part of the contract they may add a radon test. The inspector instructs you to close up your house 24 hours prior to the radon inspection. Inevitably this will happen during a heat wave or during the hottest, most humid days of summer, called “dog days” as ancient Romans associated the steamy temperatures with the dog star, Sirius.

If you’re not ready to pack up and go camping prior to your radon inspection the here are some tips:

Get your Radon tested in January. The Environmental Protection Agency (EPA) chose January as it’s Radon Awareness Month for a reason, having your house closed up in January usually is not a problem.

Contact the Vermont Department of Health to request a free kit – Testing Your Home for Radon. The use of a long-term radon in air test kit is best because radon levels can change daily, weekly, and seasonally. We recommend that you test your home for 3 to 12 months (ideally including a heating season). Longer test periods ensure the most accurate measure of actual exposure. Free long-term radon in air test kits are available to Vermont residents. You can request one from the Radon Program by calling 800-439-8550 (toll-free in Vermont) or emailing radon@vermont.gov.

On the Weaver Team we are committed to help you prepare your home for sale and to help you throughout the process. Contact us for more tips and information, we are happy to help!

Sunday Open Houses or Private Showings?

March 26, 2019March 26, 2019Leave a comment

p: Enid Buzz

If you are selling, do you really want the public tromping through your house on a Sunday afternoon? If you are buying, do you really want to leave your shoes in a pile at the front door and hope no one slips into your shoes by accident on the way out? Some of the Weaver Team buyers frequent Open Houses with our approval as they are “scoping out” the area, so, they are helpful in that circumstance. Most of the time, though, beware of the pitfalls of this Sunday afternoon activity.

Based on my recent experience visiting a Sunday Open House, I now encourage buyers to call me for private showings. Bumping into other people in the hallway and stepping around toddlers in a basement rec room detracts from the overall house-viewing experience.

First, let’s look at it from the buyer perspective. Serious buyers typically sign Buyer Agent contracts with real estate agents. While most buyers say, “I will know it’s the right house when I see it,” that is just the beginning. In fact, the decision to buy property hinges on many factors including location, price, and condition. Material facts and information concerning major systems and components of the property weigh heavily in the completion of a purchase. Questions like, “Has the house been tested for radon gas?” and “What are the options for Internet?” simply cannot be answered thoroughly at an Open House.

Next, let’s look at it from the seller perspective. If you think that Facebook or Google is invading your privacy, that’s nothing compared to having the public crawling through your house unsupervised. Do you want strangers viewing your house and pawing through your linen closet and medicine cabinet? The contents of your medicine cabinets, closets, drawers, refrigerator, etc. are now exposed to random strangers. Alcohol, medication, jewelry, and small electronics provide temptation to some people, even if they look like honest, upstanding citizens.

In our opinion the “awe, c’mon in and look around” days of real estate are over. Buyers deserve more than a quick run through on a Sunday afternoon and sellers deserve more than random people pawing through their personal belongings. Reach out if you want to start the process of buying a home. We are happy to schedule private showings.

Why We Love Real Estate: 3 Things We Learned From Our Clients This Year

December 19, 2018December 19, 2018Leave a comment

blogging-business-coffee-34601 On the Weaver Team, we love to write our own blogs on real estate topics. While we often impart our real estate opinions, knowledge, and advice, we decided that this month our blog is all about you. These are the three things we learned this year from our dear Real Estate Clients:

Transitions in life are difficult, but there is a silver lining. We empathize with the struggles of selling a home and moving. We have moved several times ourselves and we understand the hassles and inconveniences involved. Because most of our clients are, or end up being our friends, we often hear, “It was a stressful process but now we are so happy that we made the move.” Nothing warms our hearts more than knowing that our clients are happily resettled in a new home.

Little things matter. Small details make all the difference in the real estate experience of a buyer or seller client. We know how to overcome most of the obstacles in a transaction with our advice that we have gained over many, many, real estate sales. Our clients appreciate our attention to the little things and have told us, “We never would have thought of that!” This makes us smile.

There are always options. Often, buyer and sellers are overwhelmed with the many aspects of today’s real estate transaction. Sometimes obstacles seem unsurmountable. Our knowledge and experience bring clarity to the situation. If you have options then you have an opportunity to move yourself forward in your real estate goals. Our clients appreciate our detailed assessments of their real estate dilemmas. We love hearing, “You took the time to explain everything in such detail it helped us decide which option was best.”

Every year we reflect on the three things that we learned from our real estate clients. We look forward to learning more next year and we will share it in our end of the year blog. Until then, we thank our clients for reminding us that there is a sliver lining, little things matter, and there are always options.

3 Home Improvements That Pay Off

October 22, 2018Leave a comment

p: Pinterest

There are likely some home improvement projects you’d like to tackle, but which ones will pay off when it is time to sell? If you are planning on spending many more happy years in your home, your return on investment is really the joy you get from living in a home that you love. But, if you may sell in the next few years, you need to consider which renovations will offer the best return on your investment.

Here are our top 3 home improvements that pay off:

New Roof – A new roof tops the home project list in rate of return. While it is a costly investment, the potential ROI is 109% (according to HouseLogic), and Realtors® say that a new roof helps make a sale over 30% of the time. A new roof will add to your curb appeal and improve energy efficiency.

Hardwood Floors – Most buyers today want wood floors, in fact, they almost expect it. Hardwood floors offer one of the best returns on a home investment – they can add 2.5% to the sale price. A beautiful, durable, and timeless addition you can enjoy until you make your move.

p: clopaydoor.com

New Garage Door – Okay, so maybe it’s not the most glamorous home improvement, but a new garage door will immediately boost your curb appeal and make your home shine. And bonus – it’s also one of the most affordable improvements! If you have an attached garage, an insulated door can also help lower energy bills.

Does Decorating Matter – How do I Stage my House for the Holiday Season?

September 19, 2018Leave a comment

p: jennycookies.com

As we get into the decorating holidays, Sellers always ask, “can I decorate for the holiday?” The short answer, “yes, with some ‘staging’ recommendations.”

True story – I once showed a house with one fully decorated artificial Christmas tree in every room. Well that’s not too weird, right? Did I mention it was July?? Sometimes it’s difficult to imagine “not” displaying treasured holiday keepsakes or seasonal decorations when your house is on the market. So, what about decorating for holidays when it makes sense – October, Halloween; November, Thanksgiving; December, Christmas/Hanukkah? Unless you are showing houses to Scrooge, most buyers are in the holiday mood and a welcoming seasonal wreath, doormat, or display on the kitchen island makes them feel welcome. Too many decorations can be distracting to buyers, much like a wall of family photos. Here are the Weaver Team’s tips for the upcoming holiday season.

p: houseofhargrove.com

First, Halloween. Don’t get us wrong, we love Halloween – who doesn’t? The candy, the costumes, the orange & black decorations – what’s not to love? Many of you will even buy a costume for Fido or Kitty. Awe! Cute! Pumpkins, mums, decorative kale and cabbage, all safe bets if your house is for sale. Unfortunately, most buyers are a little scared of zombies, skulls, and anything with fake blood. For more formal spaces, like living rooms and dining rooms, try a “Martha Stewart” type vibe with white Cinderella pumpkins and black branches. Orange and black are not everyone’s favorite color combination so be careful not spread the decorations into every room. If you need to be “spooky” try to keep it on the front porch or back deck, that way once inside the house the buyers feel more at ease.

1-Rustic-Fall-Decor Next, Thanksgiving. Autumn and fall colors blend nicely with most décor. A spray of silk autumn leaves or mums fit nicely into nooks and bookshelves. Your fall-themed pillows, blanket throws and flower arrangements will add a cozy and warm vibe to the interior. Don’t skip the autumn decorations in November and go right to Christmas. If you get weary of thinking that you need to overhaul the house again for November here’s another Weaver Team tip – “layer” your decorations. Place autumn first as a base, think leaves, mums, fall colors and then add your Halloween decorations. When it comes time to switch on November 1^st just remove Halloween and voila! All set for November.

p: theharperhouse.com

Finally, everyone’s favorite decorating holiday – Christmas. Okay, you have permission to dive right into the holly and “ho-ho-ho” the day after Thanksgiving. Here, again, just a caution about overusing red and green in every room. Like Halloween, you may want to research a more elegant look for your formal rooms. Gold, silver and white may be decorative enough to add an air of festiveness to your living room without overwhelming the buyer’s senses. If you celebrate Hanukkah then you are all set as the silver, white, gold and blue theme compliments almost all styles.

So, go ahead! Trim the tree, display the Menorah, put a scarecrow on your front porch. But, remember, take them down when the celebrations are over. You don’t want to end up in my blog – like the condominium owner that still had a Halloween mat at his front door – in March!

3 Reasons Why Your Listing Agent Isn’t Showing Your House

August 27, 2018August 27, 2018Leave a comment

realtor_showing_house_451242040 Every once in a while a seller client will ask, “Why aren’t you ever showing my house?” It’s a very good question. Shouldn’t the seller’s real estate agent, the one who listed the house, the one whose sign is in the front lawn, be the agent that shows the house the most? Just a common sense, right? Actually there are 3 reasons why your listing agent isn’t the one showing your house.

1. Buyers are represented by Buyer’s Agents who represent the buyer, not the seller in the transaction.

2. Your listing agent may get inquiries on your property, but when the buyer finds out that the listing agent can’t represent them in the transaction they seek out a Buyer’s Agent.

3. The listing agent’s marketing is reaching buyers who are just entering the market and will eventually sign up with a Buyer’s Agent.

Over the last few decades Buyer’s Agents have been able to represent buyers in many markets. Years ago, all agents where agents of the Seller. No agents were looking out for the buyers.

Realtor Showing Hispanic Couple Around New Home As state regulations on the real estate industry evolved it became part of real estate law to recognize that buyers may need protection in the real estate industry. In today’s real estate world most of the activity occurs on the internet. Real estate agents “buy” leads. When a prospective buyer finds your house on a website the inquiry to show the house goes to an agent “other” than your listing agent. As listing agents, we make sure that we promote our listings to all real estate agents, our friends, past and current clients.

When there is a request for a showing we make sure that the “showing agent or buyer’s agent” knows all of the features and amenities of your property to show it in its best light.

5 Reasons Why Keller Williams Vermont is our Happy Place

July 25, 2018Leave a comment

KW Office Exterior We are obsessed with lists. The top five places to camp in Vermont. The best ice cream in the area. Budget-friendly design secrets from the pros. So, when Keller Williams Realty was named in the Forbes magazine list of “The Ten Happiest Companies to Work for in 2018,” we were intrigued.

After all, that is where the Weaver Team hangs a Vermont real estate license. So, in the true spirit of lists we have compiled the top five reasons why, indeed, Keller Williams Vermont is one of the “Happiest Companies” in Vermont.

Welcoming atmosphere. From the day we walked into Keller Williams in September, 2014, the atmosphere has always been upbeat, friendly and professional. From the lobby to the conference rooms you will see people smiling, greeting one another warmly.

Educational classes and seminars. Every day there is a class or seminar in the training room that adds to the real estate knowledge that we have accrued over the years. National and local experts keep us up to date on financing options, inspection items and economic and housing trends.

Modern offices, lunch room, meeting spaces and conference rooms. You need to visit our South Burlington office to understand. Let’s just say we have views of the Mount Mansfield Green Mountain range and a lunch room with two refrigerators. Oh, and if you come in when it is dark the lights automatically turn on as you enter the building.

Access to Industry Leaders. On-site mortgage lenders, attorneys and our leadership team provide face-to-face interaction on a daily basis for questions and provide solutions to challenging situations.

Culture. This is the sum of all of the above. Why we are here. If you don’t believe us, call us for a seller or buyer consultation and meet us in the office. Would love to show you our Happy Place.

Home Inspections – The Good, the Bad, and the Ugly

June 18, 20181 Comment

p: lasvegasrealproperty.com

If you are buying or selling a house in Chittenden County, Vermont then heed this warning, “The house may not pass a building inspection.” What do you mean, “pass an inspection?” Are inspections now pass or fail? The short answer is “yes.”

Your Purchase and Sale Contract may include an Inspection addendum, with the caveat “Inspection report shall be to Purchaser’s satisfaction.” Satisfaction? Like a Yelp review on a restaurant? Does satisfaction mean a 5-star review? Or just, yeah, okay, satisfactory, like a 3-star review. Or satisfaction like the Rolling Stones, “Can’t get no satisfaction?”

And finally, is it a case of, there are no bad inspections, just buyers with high expectations? Let’s explore.

Let’s dive into the good, a 5-star inspection. Congratulations, the house you are buying has no significant structural, mechanical, electrical or plumbing defects. You may move along toward closing, this contingency is satisfied and the purchase price on the original contract remains intact. Or, maybe the house needs some GFCIs (ground fault circuit interrupters) and a mixing valve on the hot water tank. Oh, and the smoke detectors are over 10 years old and now need to be photoelectric. As the seller you will have to sign a document that states the smoke/fire/co2 detectors meet the current electric code. Most sellers will concede to some electrical updating along with the smoke/fire/co2 detectors.

What-Is-Section-8-Inspection-FAQs-PictureGarden-The-Image-Bank-Getty-Images-575c30f13df78c98dc23ed5e

p: thebalancesmb.com

Let’s look at a bad inspection, one that produces a laundry list of items that includes every historical leak (darn it, we knew we should have repainted the ceiling after the tub overflowed 5 years ago), creak, nail pop and flaw in the house, interior and exterior. The exterior suffers from peeling paint on the trim, curling asphalt shingles on the roof, gutters that are full of leaves and a driveway with potholes.

Now, let’s look at a plain old ugly inspection. This one has an active leak, usually a sewer pipe in the basement (don’t step in the puddle), mold (dead or alive?) in a poorly ventilated attic, and, everyone’s favorite, an old oil tank in the basement or an old furnace.

The issues that arise at inspection range from good, bad to ugly. That is why you want to hire an experienced real estate agent to walk you through the different scenarios. As a buyer, your agent can tell you which items you should ask the seller to take care of, if you should ask for money back, or if you should back out of the deal all together. As a seller, your agent will be able to advise you on which items are typically taken care of and what you can say no to.

The Weaver Team

Your guide to VT Real Estate | Home Staging | Decor | DIY | General Awesomeness

Category: Sellers