Jan. 9, 2020

January 2020 NWMLS Report - Eager home buyers were plentiful in December but their choices were meager

Provided By Solution Partners NW Latest Press Release - December Statistical Data

Current Market Snapshot Infographic

KIRKLAND, Washington (January 6, 2020) - "The buyers are out there and are showing up at open houses and making multiple offers on new listings," was how one industry leader summarized December's housing activity involving members of the Northwest Multiple Listing Service.

Frank Wilson, Kitsap regional manager and branch managing broker at John L. Scott Real Estate in Poulsbo, also said the severe shortage of inventory - "much lower than in years past" - will lead to continued buyer frustration and escalating home values. He noted one of his colleagues added a new listing the day after Christmas and it quickly drew 11 offers.

Newly-released figures from Northwest MLS show inventory at the end of December was down 31% from the same month a year ago, with only 8,469 active listings compared to the year-ago total of 12,275. The figures include single family homes and condominiums across the 23 counties in the MLS service area.

Last month marked the sixth straight month of declining inventory, noted James Young, director of the Washington Center for Real Estate Research. MLS figures show inventory peaked in June when the database had 16,680 active listings ? about twice as many as December.

Inventory for single family homes and condos (combined) was down by more than 30% in seven counties: Thurston (-54%), Pierce (-38.9%), King (-38.8%), Snohomish (-35.6%), Mason (-32%), Kitsap (-30.6%), and Skagit (-30.5%).  System-wide there is only about 1.2 months of supply.

The inventory of single family homes (excluding condos) is especially tight in several counties, notably Thurston (-54%), King (-41.4%), Pierce (-40%), Snohomish (-36.1%), and Kitsap (-34.3%).

Robb Wasser, branch manager at Windermere Real Estate/East and NWMLS director, noted the sharp drop in King County marked the first time since March 2018 that the supply of homes dropped below one month. "Looking all the way back to 2012 when home values first began recovering, King County has only logged six months with supply levels lower than where we currently stand," he remarked.

"This market is unlike any market I've seen in the South Sound over the past 40 years. Too many buyers chasing too few properties," remarked Dick Beeson, principal managing broker at RE/MAX Northwest in Gig Harbor.

December's volume of active listings included 3,777 new listings added during the month, but during the same timeframe, 5,943 sellers accepted offers on their properties. That number of pending sales was up about 4.7% from twelve months ago.

Brokers said December is typically a slow month for home sales with holidays and historically cold, wet weather, but several MLS representatives commented on last month's surge in activity:

  • "December 2019 proved to be better in just about every single category than December of 2018 - this notwithstanding weather that was not as mild as 2018, and weather typically has an impact on sales."-Mike Grady, president and COO of Coldwell Banker Bain.
  • "Historically low interest rates and strong job growth continue to drive the Puget Sound housing market, which is already sizzling as we begin the new decade. In the more affordable and mid-price ranges, many areas are seeing frenzied sales activity with multiple offers on most properties."-J. Lennox Scott, chairman and CEO of John L. Scott Real Estate.
  • "Home sales continued to be strong through December, fueled by low interest rates and new job creation. Hot spot locations continue to experience multiple offers on properly priced inventory."-Dean Rebhuhn, owner of Village Homes and Properties in Woodinville.
  • "December was one of the most active in recent years with an unusual number of ready, willing, and able buyers in the Seattle market. These buyers were competing for little inventory as the year ended."-John Deely, principal managing broker, Coldwell Banker Bain.
  • "December was a bit of an anomaly in the King County real estate market. Although appreciation has slowed considerably from the 14% or so annual appreciation increases that we experienced during the market frenzy years, inventory continues to get tighter. We experienced very high demand for housing." - Gary O'Leyar, designated broker/owner, Berkshire Hathaway HomeServices Signature Properties in Seattle.

Northwest MLS member-brokers recorded 7,093 completed transactions during December, a gain of more than 11% from the 6,374 closed sales of the same month a year ago. Prices on last month's closed sales of single family homes and condos rose 8.75% from a year ago. For the MLS market overall the price was $435,000 versus the year-ago figure of $400,000.

For the four-county Puget Sound region (encompassing King, Kitsap, Pierce and Snohomish counties), the median sales price for December's closed sales was $495,000, up 10% from the year-ago figure of $449,950.

In King County, which had the highest volume of sales and the highest prices, the median sales price for last month's closed sales was $615,000. That was an increase of about 3% from a year ago. Prices in King County peaked in May at $645,000.

Deely, a member of the NWMLS board of directors, reported "unusually brisk activity" in the luxury market as the year wound down, with several multimillion-dollar sales coming in all cash with less than two-week closings. Another noticeable trend he cited was foreign buyers and sellers anxious to complete buy-sell transactions before year end. "If this is any indication of the 2020 market, then we will be moving more towards the blistering market of 2017, swinging away from the more balanced market of 2019," he proclaimed.

Some brokers expect the pressure on prices to ease during the first quarter of the year as inventory improves.

"We will see increased new inventory in the 1st quarter of 2020 resulting in a better selection of homes," declared Rebhuhn, who added, "Buyers should be ready to supply sellers with prequalification letters including satisfaction of major underwriting elements."

Scott said some relief should be on the way as the weather warms up and sellers choose to put their home on the market, but he also cautioned it's possible the trend of fewer resale listings than usual will continue on the Eastside. He described the Eastside housing market as "particularly hot," adding, "It shows no sign of slowing down anytime soon with recent job growth announcements and an extreme shortage of unsold inventory priced up to $1 million."

Brokers in several counties outside of King County also commented on inventory shortages and the velocity of sales.

Frank Leach, broker/owner at RE/MAX Platinum Services in Silverdale, said Kitsap, Mason, Pierce and Jefferson counties continue to have constrained inventory, and "the market remains very competitive in all price categories." NWMLS figures show December's inventory in those four counties declined more than 35% from the selection of a year ago, while prices jumped 10.4%. Collectively, there is less than a month's supply (0.94 months) in these South Sound counties.

Leach also noted rentals are very tight with new apartments rented as soon as they are finished. Builders are "chasing the market with most of their inventory being sold before they are finished," added Leach, a member of the Northwest MLS board of directors.  

Wilson, whose office is also in Kitsap County, said more and more of their buyers do not work in Kitsap, adding areas connected to the ferry system are seeing more and more commuters purchase homes "because we are still more affordable than King County with a much higher quality of life." He also said, "The unheard story out there is the one of many sellers who would like to sell their home but cannot find a home to buy in Kitsap."

Young said December's double-digit price increases in several counties reflect the long-term trend of increased interest along the I-5 corridor.

Looking ahead, brokers expect brisk activity.

Grady said, "With inventory below one month in King County, we can only surmise that 2020 will show a return to rising home prices as a result of the lack of inventory and continued robust job market. While buyers will continue to benefit from low interest rates, there are simply not enough homes for sale. These predictors indicate that the first quarter of 2020 will be active."

Beeson, also a member of the NWMLS board of directors, underscored the fact that new construction falls further behind the need each year. "We continuously see multiple offer situations in the median or lower prices ranges. Price creep in Pierce County continues to be above 8% year-over-year for the past three years."

"Clients often ask for our 'crystal ball' projection regarding the direction the real estate market is heading," stated O'Leyar. He tells them "Follow the employment numbers," citing State Employment Security Department reports showing the unemployment rate in King County for November 2019 was 2.3%, the lowest rate for any month measured since January 2016 and the highest employment rate since November 2017.

"The only sound reason for waiting to buy real estate in the Greater Seattle market now would be finding the suitable home versus anticipating the market to get any less challenging for buyers in the near future," O'Leyar remarked.

Northwest Multiple Listing Service is a not-for-profit, member-owned organization that facilitates cooperation among its member real estate firms. With more than 2,300 member firm offices and 30,000 brokers across Washington state, NWMLS is the largest full-service MLS in the Northwest. While based in Kirkland, Washington, its service area spans 23 counties and it operates 20 local service centers.

Statistical Summary By Counties
Market Activity Summary and 4-County Puget Sound Region Pending Sales (PDF)

Oct. 23, 2019

NEW Community in Edgewood!

Residences designed to make the everyday extraordinary.

The Woodlands at Edgewood is a collection of 55 townhomes situated in the community of Edgewood. The community is close to restaurants, shopping, schools and highways.

Ease of Living for the Downsizer or the Busy Professional! The Woodlands at Edgewood townhomes feature comfortable living spaces, beautiful kitchens with modern cabinets and stainless steel appliances, Quartz countertops, laminate flooring, polished chrome fixtures, white painted millwork, large master suite’s with 5-piece master baths and walk-in closets.

The current release, Building 1, consists of 2 floorplans all with  3-Bedrooms and leisure lofts, ranging from 1,854 to 1,964 square feet with attached garages. Landscape Maintained.

For Purchase Inquiries at the Woodlands at Edgewood

Please Contact Nancy Hill at 253-653-6323 or Lisa Williams at 206-484-3188.

Visit the Woodlands at Edgewood sales office for information, open Wednesday through Sunday 11-5pm. Just minutes to I-5 and Hwy 167. GPS Address 10413 11th St E, Edgewood.

 

Posted in Real Estate, SPNW News
Dec. 13, 2018

Providence Point Community

Providence Point is an active 55+ Community located in the hills of Issaquah just above Lake Sammamish.  The Providence Point Community is composed of seven distinctive villages offering different architectural styles and character and has 1,008 homes. This gated community is situated on 161-acres in a beautiful, natural setting. 

Providence Point provides a variety of activities for every interest. It is located in a Park like environment with walking trails all around it. There is also a Pea Patch for those interested in gardening.  There is a fitness center with free weights, exercycles and treadmills. The community has hard court tennis and pickleball courts and a putting green for summer golf events. There is an indoor pool with a spa located in the clubhouse that is open daily from 6:00 a.m. to 10:00 p.m. The clubhouse also has a full kitchen and space to rent for events. A library, community coffee shop and event dining room are also located on site.

Providence Point also offers a variety of classes through its Communiversity program. There is a weekly bus that is available for transportation around the region. 

If you are interested in buying or selling a home in the Providence Point Community, contact the on site real estate firm, Solution Partners NW at 425-460-4423 or email us at Info@SolutionPartnersNW.com. We are your Providence Point experts! Click here to view current Providence Point Listings.

Oct. 11, 2018

September 2018 NWMLS Report - Balance “finally returning” to housing market as buyers welcome more choices, moderating prices

KIRKLAND, Washington (October 4, 2018) – Housing inventory continued to improve during September while the pace of sales slowed in many counties served by Northwest Multiple Listing Service. “Balance is finally returning to the market, and with it, slowing home price growth,” stated OB Jacobi, president of Windermere Real Estate.

A new report from Northwest MLS shows double-digit increases in inventory in several of the 23 counties it serves, led by a 78 percent year-over-year gain in King County. Despite improving selection in the central Puget Sound region, a dozen counties reported drops in the number of active listings compared to last year.

System-wide, the month ended with 2.56 months of supply of single family homes and condos, well below the 4-to-6 months analysts use as an indicator of a balanced market between sellers and buyers. The current level is the highest since February 2015 when member-brokers reported 3.56 months of inventory. In King County, supply exceeded two months for the first time since January 2015. 

Condo inventory remains sparse, with only 0.34 months of supply area wide, despite improving inventory (up nearly 70 percent from a year ago). The shortage is expected to ease as construction progresses on several recently-announced high-rise projects. 

Brokers added 10,458 new listings of single family homes and condos to the MLS database during September, slightly more than the year-ago figure of 10,120. At month end, buyers could choose from 19,526 listings, a 22.9 percent improvement from twelve months ago when selection totaled 15,888 listings. 

Commenting on the wider selection, Mike Grady said buyers “are at long last now seeing properties that stay on the market longer.” Listings that are priced appropriately, “and not based on the feverish market we saw just a few months ago are still selling quickly, and home prices are still showing 8 percent appreciation year-over-year – more than double the rate of inflation,” added Grady, the president and COO of Coldwell Banker Bain. 

With improving inventory, some brokers suggest the market may be showing signs of pausing, if not softening. A market shift may be under way, but they believe activity will stay strong. 

J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, encouraged would-be buyers to “put extra focus on October,” which he described as the last great month for new listings until March 2019. “Over the winter, new monthly resale listings will lower by approximately 50 percent compared to summer months.” He also noted interest rates, currently in the upper 4 percent, are projected to rise in the coming months.

“This is a more traditional yearly market cycle taking the place of the unusually overheated real estate market of the past several years,” said John Deely, principal managing broker at Coldwell Banker Bain.

“Given there doesn’t appear to be an end in sight related to the region’s job growth, with employees moving here and not enough units being built to accommodate them, we believe this market normalization will continue,” stated Grady. (For every six new jobs created in the Seattle/Tacoma/Bellevue region, there was only one single-family permit issued, according to data from the National Association of REALTORS®.)

Northwest MLS director Robert Wasser reported the recent re-balancing of the market “has led to fewer listings with offer review dates and pre-inspections,” which he said is a positive for buyers hoping to retain their contingencies. His analysis of MLS statistics indicated the median marketing time in King County has risen to 14 days. Also, prices for closed sales are at 100 percent of their list price for a third straight month.

“In the South Sound the market has shifted into neutral and is idling at the moment,” commented Dick Beeson, principal managing broker at RE/MAX Professionals in Gig Harbor. Noting inventory has improved in both Pierce and Thurston counties “but nowhere near what King County has experienced,” Beeson said buyers can see more homes available for sale for the first time in three years. “Buyers are taking deep breaths as they survey this new territory.” 

Beeson thinks the “new normal” at two-plus months of inventory is “healthy and long anticipated.” He also believes the steep curve of ever-increasing prices and scarcity of properties has crested.

Ken Anderson, another Realtor in South Puget Sound, noted the bigger selection for buyers is good timing with interest rates on the rise. “We are finding buyers eager to get into homes this fall to take advantage of the still incredibly low borrowing rates.” Sellers need to be mindful of softening sales, he suggested, adding
“they’ll have to keep a sharp eye on this trend and have a pricing strategy to match.”

Anderson, the president/owner and designated broker at Coldwell Banker Evergreen in Olympia, said sales remain robust, describing last month as the “second best September on record for closed sales.” Even though pending sales “softened a bit” he said they remain high by historical standards and says “we remain solidly in a seller’s market” but are trending toward balance. “This is welcomed as prices here have risen much faster than our market’s long-term trend line.”

Pending sales (mutually accepted offers) were down nearly 14 percent area-wide, with about half the counties in the MLS report showing double-digit declines. Members notched 8,913 pending sales last month, a slippage of 1,435 sales when compared to the same month a year ago.

Closed sales also reflected slower activity. Members reported 7,630 completed transactions during September, down 18.6 percent from the year-ago volume of 9,371. Through nine months, this year’s closings are down 4.4 percent compared to 2017.

Prices across the 23 counties in the Northwest MLS report are up about 5 percent from a year ago, with ten counties reporting double-digit gains. The median price for last month’s completed sales of single family homes and condos system-wide was $400,000, up from the year-ago median price of $381,000. Last month’s price was down $15,000 (-3.6 percent) from August and $25,000 (-5.9 percent) from the year’s peak (so far), which occurred in June when the median price was $425,000. 

For the four-county Puget Sound region, the median price for September’s completed transactions was $455,000, up about 5.8 percent from a year ago.

Despite slower sales, Northwest MLS spokespeople remain upbeat.

“The housing market close to the job centers has gone from a historic extreme-frenzy market in the spring down a few levels of hotness to a strong level of pending sales activity for new listings,” said Scott.

“Rising interest rates and slowing home prices are affecting the psychology of the region’s housing market, and causing some to speculate that we’re heading towards another housing crash, but that’s definitely not the case,” commented Jacobi. Noting it’s been more than 15 years since this area experienced a “normal” market, Jacobi suggested “people have just forgotten what it looks like. As long as the local economy remains strong, there’s little cause for concern about the shift we’re experiencing.”

He believes “there’s little cause for concern about the shift we’re experiencing,” so long as the local economy remains strong. 

Northwest Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership of around 2,200 member offices includes more than 29,000 real estate professionals. The organization, based in Kirkland, Wash., currently serves 23 counties in the state.

 

Aug. 1, 2018

Solution Partners NW is the New Onsite Team at Providence Point!

Solution Partners NW is thrilled to be the new onsite real estate team at Providence Point! Providence Point is a 55+ community located in Issaquah, Washington. This well-established active adult neighborhood is composed of seven distinctive villages offering different architectural styles and character. It has 1,008 attached and condominium homes. Providence Point provides residents with a full range of amenities including four community centers and various outdoor amenities to keep homeowners busy socially and active physically.

The Solution Partners NW sales office, opening on August 8, 2018, is conveniently located onsite in the Town Hall on Providence Point Drive. Real Estate brokers are available daily to help you find a new home. Our office hours are Monday through Friday from 9:00 am to 4:00 pm and we are available weekends and evenings by appointment.

If you are interested in purchasing or selling a home in Providence Point please contact us at 425-460-4423 or email us at info@solutionpartnersnw.com.  We look forward to working with you!

June 22, 2018

Eye on the Market

Summer 2018 is heating up with a new supply of inventory entering the market.  According to the latest figures published by the Northwest Mutiple Listing Service, an impressive 14,524 new listings were added in the month of May. This is the highest number of new listings since May 2008.

This news offers relief for buyers who have been growing weary of multiple offer situations, rising home prices and losing out on homes they wanted. 

Real estate brokers have noticed the new surge of inventory has made selling homes a bit more challenging. There have been recent price reductions and it is taking a little longer to sell a home. A home that use to sell in a week, might take 3 weeks to a month now. This requires more marketing, more open houses and more competitive pricing.

Homes are still selling, but buyers are being a bit more discerning and taking their time to shop, because now they can! The market is still as strong as ever but it is a bit more balanced, which is a good thing.

May 7, 2018

Are you feeling isolated at your Big Box Franchise/real estate firm?

 

Did you join a real estate “team” where you are a supportive arm to the team leader?

  •                 All Sales get credited to the Lead Agent?
  •                 You earn 50% or less of commission and then pay a firm split?
  •                 You/your team pays for office space, Transaction assistance, NAR fees and a high cap?

A number of us did the same thing and then realized that model is not working for us as individuals and in the long term we would have no personal business!

How do YOU grow a personal business, get credit/NWMLS data for your work, keep 70% of commissions and have a low CAP ($14,900) while retaining similar services of a Big Box Firm?

The answer is simple, you stop relying on the franchise or the team concept.  Real Estate is an individual business with a group of supporting members to assist your business.  You cannot rely on a Team Leader to support you long term – this is your business and it requires personal effort!

Check us out at Solution Partners NW where our brokers have sold over 12,000 homes with a sales volume over 2.2 Trillion dollars.  Our firm is not a household name.  We don’t advertise because that requires higher splits.  Why charge our brokers a higher cap to grow bigger when our brokers are making well over the average broker income by staying small, steadfast, and focused on our broker success.  

In addition to our offerings, we supply you with a full time marketing director who does all your marketing creation and maintenance to promote YOU and YOUR BUSINESS. This includes posting on your business social media sites, creating and printing your listing materials, providing design services, ordering marketing pieces for you and so much more.  We want every broker to feel like they own their own business and have their own marketing director AT NO CHARGE.   This is all under the umbrella/protection of Solution Partners NW where the Designated Broker will provide one-on-one personal training.  You can even shadow train with her.

No NARS dues, No franchise fees, No office space charges, No team splits.

What is the harm in meeting for 30 minutes to discover a different model?  Why!  Why not?

Nothing ventured - Nothing gained.

Contact Nancy Hill for more information at 253-653-6323 or email at N.Hill@SolutionPartnersNW.com

Posted in Real Estate, SPNW News
May 3, 2018

Some Advice on Closing Costs

 

It is a good idea to factor in the closing costs when buying a home, so you can properly plan and manage your finances.  In most cases you can expect to pay 2-5% of the purchase price in closing costs, not including the down payment.

Closing costs can include the following:

  • Down Payments can vary, most are in the range of 5% - 20% of the purchase price depending on your qualifications and loan choice.
  • Earnest Money Deposit is the money put down when a contract is written and usually it goes into an escrow account.  If the property closes this money generally goes toward your closing costs but can be non-refundable after a certain period if the buyer backs out of the purchase. 
  • Lender fees include charges for loan processing, underwriting and preparation.
  • Third-party fees include charges for insurance, title insurance, title search, appraisal fees and other inspections such as termite.
  • Government fees include deed recording and state mortgage taxes.
  • Escrow and interest fees include homeowner's insurance, loan interest, Real Estate taxes, home warranties, prepaid interest and occasionally private mortgage insurance.
  • Property taxes

Please do not hesitate to contact us at 425-460-4423 when you are ready to take the next step or if you have any questions. We look forward to assisting you!

 

Posted in Buyer Tips, Real Estate
May 3, 2018

Welcome Melissa Spear to the SPNW!

 

"Deciding to join Solution Partners NW has been one of the easiest decisions I’ve ever made.  I was lucky enough to work with both Nancy Hill and Kim Stites during my tenure at Quadrant Homes. Throughout the years, I continued to see both of them within the construction arena. 

Over the years, a deep mutual respect was created.  Hanging my license with a smaller, boutique company has allowed a much more hands on training with thoughtfulness and care.
One of the biggest draws for me is their Marketing Department. Having Jansy Peternell, the Marketing Director, create bio’s, personal websites, business cards, flyers, postings and Facebook business pages, Boosting my Listings on Facebook for FREE because I’m part of the team, is a huge help and relief.  Utilizing a professional Marketing Director to guide and coach me on the most current, high impact marketing tactics gives me that extra confidence for success as well.
 
Nancy Hill and everyone on the SPNW team, has taken me under their wing, while supporting and encouraging me every step of the way on my new career path.  I look forward to learning as much as I can from each incredible person on our team at Solution Partners NW."
Posted in SPNW News
March 22, 2018

10 Tips to Increase Your Homes Value

1. Make sure your kitchen looks clean and reasonably updated.

For a few hundred dollars, you can replace the kitchen faucet set, add new cabinet door handles and update old lighting fixtures with brighter, more energy-efficient ones.

If you’ve got a slightly larger budget, you can give the cabinets themselves a makeover. Rather than install an entire new cabinet system, look in to refacing your cabinet doors, painting them or updating the hardware. Your cabinets will look like new!

If you’re handy, you can order your own replacement cabinet doors and door fronts from retailers like Lowe’s Home Improvement or The Home Depot and install them yourself.

2. Give appliances a facelift. If your kitchen appliances don’t match, order new doors or face panels for them. 

Many dishwasher panels are white on one side and black on the other. So you can check to see if all you have to do is flip yours around. A more cohesive-looking kitchen makes a big difference in the buyer’s mind — and in the home’s resale price.

3. Buff up the bath. Next to the kitchen, bathrooms are often the most important rooms to update. They, too, can be improved without a lot of cash. A home owner can easily install a new toilet seat or pedestal sink and it can change the look of a bathroom.  

Replacing old vinyl is not too difficult as well. You can typically install new vinyl right over the old vinyl and it can give your bathroom a fresh look.

If your tub and shower are looking dingy, consider re-grouting the tile and replacing any chipped tiles. A more complete cover-up is a prefabricated tub and shower surround. These one-piece units may require professional installation but can still be cheaper than paying to re-tile walls and refinish a worn tub.

4. Step up your storage. Old houses, particularly, are notorious for their lack of closet space. If you have cramped storage areas, you can add do-it-yourself wire and laminate closet systems to bedrooms, pantries and entry closets.

In the end, your closets will be more functional while you’re living in the house and will make your home look more customized to potential buyers when you’re ready to sell. 

5. Add a room in a week or less.  If you have a three bedroom house with a den, you could add a closet to that room, and now you have four bedroom house, which will add value. The drywall and closet system installation would probably cost you less than $1,500.

6. Mind the mechanics. It's often a good idea hire an electrician and plumber for a couple of hours to look over your electrical services, wrap or fix loose wires, fix any faulty outlets, and check for and fix any water leaks. This will let the buyer know you have done your due diligence to prepare the home for market.

7. Clean your carpet. Carpeting is another detail that can quickly update a home and make it look cleaner. A professional carpet cleaning is an inexpensive investment, especially if your rugs are in good shape and are neutral colors.

If your carpet is showing serious wear, cover it with inexpensive, strategically placed area rugs. Unless the carpet is in really bad condition, most real estate brokers would not recommend replacing the carpet.  

8. Let there be light. If you have boring recessed lights in your dining and living rooms, consider replacing one of the room’s lights with an eye-catching chandelier. Home stores offer a wide range of inexpensive, but nice-looking, ceiling fixtures these days. If you have a ceiling fan and light, you can also buy replacement fan blades (leaving the fan body in place) to update the fixture’s look.

9. Repaint or replace your front door. Repainting your front door or replacing it with a new door with a window can add more light and make it more appealing. New hardware would also be a good idea.  It is an inexpensive update that can add value to your home.

10. Consider curb appeal. Mow the lawn, add a few well-placed shrubs, sweep the walkway and add some potted plants. Consider hiring a landscaper to install some new sod, plant a few evergreen shrubs and give your front yard a good cleanup. These kinds of changes can instantly change people’s perception of your home and, therefore, increase its value.