Deidre Pfeifer

Real Estate Agent, California

Flaws You Cannot Hide By Staging Your Home

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Flaws You Cannot Hide By Staging Your HomeWhen you sell your home, you want it look as good as possible. To do this, your real estate agent will help you stage your home or, if needed, help you find a professional to stage your home.

This means de-cluttering your home, re-arranging furniture, and de-personalizing each room.

A staged home is more appealing to buyers and helps to highlight your home’s positive features. However, staging is not meant to cover major flaws in your home. Some things just have to be repaired.

Roof Problems

It doesn’t matter how pretty your home is, your buyer is going to expect you to fix roof problems or adjust your price to cover them. Your roof is one of the most important parts of your home.

Cracked Tile

Of course, you can use throw rugs to cover cracks in your tile, but chances are your buyers are going to look under them. Then they may think you are trying to hide a serious problem like a shifting foundation. Save yourself the headache and have your floors fixed.

Broken Windows

You have to expect your buyers to walk around your home checking out the views from the windows. They’re going to notice any cracks. If you have the budget, consider upgrading your windows and making your home more marketable. At the very least, you should have the glass replaced.

Torn Screens

If you have torn screens, your buyers may think you don’t take care of your property. Yet, screens are fairly easy to fix on your own. With the right supplies from your local hardware store, you can have new, sleek screens in less than a day.

As your agent, I will make sure your home is ready to sell fast. Call your trusted real estate professional today.

2014 Cutting Edge Home Decor Trends

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2014 Cutting Edge Home Decor TrendsYour home is your castle and its decor is a unique artistic expression of your tastes and aesthetic. In order to keep your home decor looking fresh and up to date rather than stale, it’s important to pay attention to the trends as they shift and change.

This is especially important if you are selling your home, because outdated decor can make a negative first impression on the buyer. If you are planning to redecorate this year, what are the hottest trends when it comes to home decor in 2014?

A Breath Of Fresh Air

Benjamin Moore Paints has announced their 2014 Color of the Year, which is a powdery sky blue hue called “Breath of Fresh Air”. It’s a gentle pastel color that works well with neutrals such as brown, grey and white and can also complement other blue and green hues in the same color family.

It looks sweet and modern and it is vibrant enough to make an impact while being pale enough not to draw too much attention to itself. Why not consider incorporating this light blue, or other shades like it, into your decor?

Pattern Trends For 2014

Last year, the trend of the moment was color blocking. However, these days the hottest thing at the moment is patterns that have a white background and a historic themed repeating print. For example, this might include wallpaper, drapes or fabrics with a floral print or a vintage design on white.

Another popular trend is geometric shapes, especially triangles and chevrons. These are often seen in bright and vibrant colors, sometimes also with a white background.

A Touch Of Handmade Elegance

Another interesting home decor trend of the moment is incorporating hand-made items into the room. This could include a hand-knit throw that is draped over a sofa, or an embroidered cushion.

If you are crafty, you could make these items yourself. Otherwise, you could purchase these one-of-a-kind pieces from your local artisans or only at shops such as Etsy.com.

These are just a few hot 2014 home decor trends to get you started on your decorating project. Be creative and have fun while decorating your home, so that you can create a unique and original place where you will feel happy and inspired.

For more tips and information, contact your trusted real estate professional.

Case Shiller Price Index Shows Highest Year-Over-Year Gains Since 2006

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Case Shiller Price Index Shows Highest Year-Over-Year Gains Since 2006The Case-Shiller 10 and 20-City Home Price Indices for October were released on December 31. Although home prices in most cities continued to show year-over-year gains, the pace of home price appreciation is expected to slow in 2014.

Year-over-year increases have been in double digit territory since March 2013, but month-to-month readings suggest that the rate of increasing home prices is slowing.

According to David Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices, “…the monthly numbers show that we are living on borrowed time and the boom is fading.”

The 10 and 20 city indices are showing that home prices some cities that were showing little or no growth in 2013 are posting higher rates of appreciation, while growth in cities that have shown very high increases in home prices are beginning to lose momentum.

Year-over-Year Growth In Double Digits

The 10-and 20-city indices each posted year-over year gains of 13.60 percent between October 2012and October 2013. These were the highest year-over-year gains since February of 2006.

Home prices recovered to mid-2004 levels in October, but remained 20 percent lower than peak home prices seen in June and July of 2006.

Here are figures for 10 cities showing the highest increases in home prices year-over-year in October 2013:

City                                                                        Y-O-Y Growth Rate

Las Vegas, NV                                                  27.10 %

San Francisco, CA                                             24.60%

Los Angeles, CA                                               22.10%

San Diego, CA                                                 19.70%

Atlanta, GA                                                     19.00%

Phoenix, AZ                                                    18.10%

Detroit, MI                                                      17.30%

Miami, FL                                                        15.80%

Tampa, FL                                                      15.20%

Seattle, WA                                                     13.10 %

Home prices in the 10 and 20-city indices have gained 23.10 percent and 23.70 percent since home prices reached their lowest points in March 2012.

Month-To-Month Readings Indicate Slower Growth

Month-to-month readings show a slowing trend in home price growth. 18 of 20 cities included in the S&P Case-Shiller Home Price Indices showed slower growth in October as compared to September’s readings.

The Federal Reserve will begin tapering its asset purchases this month and will continue doing so unless economic conditions slow to a point where the Fed considers tapering counter-productive to economic growth.

Concerns over the tapering of “quantitative easing” and higher mortgage rates are seen as contributing to slower gains in home prices.

Although some analysts have identified indicators of economic growth, most seem to agree that home prices are likely to increase by single-digit percentages in 2014.

What’s Ahead For Mortgage Rates This Week – January 6, 2014

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What's Ahead For Mortgage Rates This Week – January 6, 2014The last week of 2013 brought relatively good news in view of the economic roller coaster rides caused by legislative impasse. A brief shutdown of federal government agencies, and nail-biting suspense over if and when the FOMC of the Federal Reserve would taper its quantitative easing program.

Last week’s news was not high in volume due to the New Year holiday, but it does suggest that a general economic recovery is progressing and that housing markets are leading the “charge!”. Here are the details:

The NAR’s data of month-to-month reading of 0.20 percent showed an increase of 0.20 percent over October’s reading of -1.20 percent, which was the lowest reading for pending home sales in five months.

Lawrence Yun, chief economist for NAR, said that “…the positive fundamentals of job creation and household formation are likely to foster a fairly stable level of contract activity in 2014.”

November’s year-over-year reading for pending home sales was 101.7 against a reading of 103.3 for November 2013. The good news is that November’s reading exceeded a 10-month low of 101.50 for October 2013.

Rapid Rises In Home Prices May Have Peaked

The S&P Case-Shiller 10 and 20- city home price indices for October was released Tuesday with positive results for both indices showing year-over-year gains in average home prices at 13.60 percent.

On an un-adjusted basis, the 10 and 20 city indices each gained 0.20 percent between September and October. The indices each showed a 1.00 percent gain in home prices on a seasonally adjusted annual basis. Case-Shiller cautioned that home prices are expected to rise at single-digit rates during 2014.

Consumer Confidence Rises, Housing And Manufacturing Sectors Improve

December’s consumer confidence reading gained 6.1 points for a reading of 78.1. This also exceeded the expected reading of 76.2. 

The prior two months had shown decreased in readings thought to have been caused by the government shutdown in October. Consumers indicated that they are more confident about the economy than they have been in five and a half years.

Housing and manufacturing are leading the recovery, which reflects stronger housing, production and possibly manufacturing jobs, which have lagged behind increased production. 

The national unemployment rate stood at 7.00 percent last week, which remains 0.50 percent above the Federal Reserve’s targeted rate of 6.50 percent.

Weekly jobless claims came in lower than expectations of 342,000 jobless claims at 339,000 new jobless claims. The prior week’s reading showed 341,000 new jobless claims.

Although a small decrease in new claims, last week’s reading further suggested that the economic recovery is on track.

Mortgage Rates

Thursday’s mortgage interest rate survey showed incremental increases in mortgage rates; concerns over continued tapering of the Fed’s QE program may have been a factor in the slight uptick in last week’s rates.

Average rates for mortgage loans rose as follows. The rate for a 30-year fixed rate mortgage increased from 4.48 to 4.53 percent with discount points rising from 0.70 percent to 0.80 percent.

The rate for a 15-year fixed rate mortgage was 3.55 percent with discount points unchanged at 0.70 percent. The rate for a 5/1 adjustable rate mortgage rose by five basis points to 3.05 percent with discount points unchanged at 0.40 percent.

Economists seem to agree on continued improvement in the economy for 2014, however rising mortgage rates and high unemployment remain as obstacles for faster economic recovery.  

5 Ways To Use Your Dead Christmas Tree

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5 Ways To Use Your Dead Christmas TreeThe holiday season is coming to an end. It’s time to pack up the stockings, and take the ornaments off the tree.

That tree was a beautiful Christmas decoration, but now that the evergreen is turning brown, and its needles are falling all over the carpet, you realize it’s time to get it out of the house.

But don’t just throw it away. You have several options. Here are five interesting ways to use your dead Christmas tree.

It’s For The Birds

Keep the tree in its stand and set it outside. You can put some birdhouses in it, or surround it with bird seed. The birds will appreciate your Christmas tree long after you’re tired of looking at it. Take off the tinsel first!

It’s For The Fish

If you (or your neighbor) has a pond, just drop the tree overboard and give it a proper sailor’s burial. A dead Christmas tree is the ultimate home for fish.

The fish can sleep easy behind the branches, and you can sleep easy, knowing your beloved tree is still getting some use. It’s a big help to those trying to keep a pond stocked for fishing.

It’s For The Plants

A dead Christmas tree can be an excellent gardening tool. Cut branches and place them around your perennials to help keep them warm. If you’ve been vacuuming up all those fallen needles, spread them around the garden.

They make great mulch. Better yet, rent a wood chipper, and chop up the whole tree. That’s even greater mulch. If you’re not a gardener, there are several organizations that will accept your tree as a donation.

Burn Baby Burn

Another option is simply use your tree as firewood. Evergreens are great for bonfires and outdoor fireplaces. They ignite really easily. But don’t burn them indoors! The creosote buildup can be dangerous.

Get Crafty

If you’re craving a more creative approach, there are several great dead Christmas tree craft ideas out there. Some people chop up the trunk and use cross sections as planters.

You can also paint a coat of polyurethane on some small sections, and use them as coasters. You could even attempt to make some homemade potpourri. The possibilities are endless.

The fate of your dead Christmas tree is in your hands. You can burn it, make a habitat for animals, make some mulch, or even make some coasters.

The important thing is not to let it end up in a landfill. These dead trees have so many better uses than rotting with the trash.

Tips For Selling Your Home In The New Year

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Tips For Selling Your Home In The New Year Many people think that selling a home after the holidays and during the Winter season is a bad idea. Most people are not in the home buying mood, because they are thinking about the holidays.

Also, buyers will think that you are desperate and they will give you offers that are less than list price.

Advantages Of Selling Your Home Now

However, there are some advantages to selling your home over the holidays and into the new year. There will be less homes on the market, so there won’t be as much competition.

Also, buyers will likely be on their holidays from work, so they will have much more time to view properties and look around at homes.

Another factor is mood – buyers will generally be feeling more cheery and relaxed over the holidays, which will result in them being more likely to make the decision to buy a home.

A home can have a really romantic and cosy feeling during the winter season, which could make a buyer fall in love with it.

When You Are Selling Your Home During The Winter Season, Here Are Some Tips To Keep In Mind:

  • Choose a good real estate agent who will be able to communicate with you well and find the right buyers for your house.
  • Price the house realistically. This time of year, it helps to be competitive. You might even get buyers competing, which will push the price up as they bid against each other.
  • Make sure that you have all of the paperwork in order, including an energy performance certificate, fittings and fixtures list and much more.
  • Give your home a little makeover so that it gives a great first impression. Touch up the paintwork, rearrange the furniture and remove clutter.
  • Giving a sense of airy lightness is important, especially in the winter months. Make sure that your windows let in plenty of natural light.
  • Be flexible. You might need to be able to accommodate last minute viewings or viewings at strange times, so keep your schedule open.
  • Serve seasonal drinks and snacks at your open house, such as mulled wine, eggnog and cookies, to put your buyers in a good mood.
  • Have your moving company chosen and ready to go in advance, in case there is the possibility of a quick sale.

These are just a few tips to keep in mind for selling your home over the holidays. For more helpful tips, contact your trusted real estate professional.

New Home Sales Show Healthy Year-Over-Year Increase

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New Home Sales Show Healthy Year-Over-Year IncreaseThe holiday season and winter weather slowed home sales in November. Last week, the NAR reported that sales of existing homes had slumped to their lowest level in nearly a year, but this was not unexpected.  

Short supplies of available homes and rising mortgage rates have increased pent-up demand for homes have kept some buyers on the sidelines.

Improvement In The Labor Market

4.90 existing homes were sold in November; this was lower than the 5.13 million existing homes sold in October, as well as lower than expectations of 5.00 million existing home sales in November.

Existing home sales for November 2013 were also 1.20 percent lower than for November 2012; this is the first time in 29 months that existing home sales were lower year-over-year.

Lawrence Yun, chief economist for NAR, described the slow-down in sales as a “clear loss of momentum.” The outlook for 2014 is better, as analysts expect continued improvement in the labor market. 

The pent-up demand for homes will ease as homeowners begin to list their homes for sale as home prices increase. Mr. Yun also noted that prices for existing homes are increasing at their highest rate in eight years.

The national median home price of existing homes rose to $196,000 in November, which represents a year-over-year increase of 9.40 percent. There was a 5.1 month supply of previously homes available at the current sales rate.

Housing Market Continues To Progress Over Long Term

The Census Bureau and HUD report that 464,000 new homes were sold in November. This was 2.10 percent lower than October’s rate of 474,000 new homes sold. This represents an increase of 16.60 percent as compared to the 398,000 new homes sold in November 2012.

The national median home price for new homes in November was $270,900; with an average new home price of $340,300. The seasonally-adjusted estimate of new homes for sale in November was 167,000; this reading represents a 4.30 month supply of new homes for sale.

While home builder confidence is up and recent labor reports indicate improving job markets, the Fed’s decision to taper its quantitative easing program in January is generating some uncertainty as mortgage rates will likely rise as the Fed winds down the QE program.

What’s Ahead For Mortgage Rates This Week – December 30, 2013

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What's Ahead For Mortgage Rates This Week- December 30, 2013The University of Michigan’s Consumer Sentiment Index was improved for December at 82.5, after the November reading was adjusted from 82.5 to 75. Analysts noted that consumers were relieved when legislative gridlock ended.

Durable goods orders reached their highest level since May with November’s reading of + 3.5 percent. Without the volatile transportation sector, the reading for November was +1.2 percent.

This could be a sign of economic recovery for manufacturing, as more orders are being placed. Economists expected an overall increase of 2.0 percent for overall durable goods orders.

The U.S. Commerce Department provided housing markets with good news with its New Home Sales report for November. 464,000 new homes were sold in November against expectations of 440,000 new homes sold.

This expectation was based on the original reading of 444,000 new homes sold in October, which has been revised to 474,000 new homes sold. The latest reading for October is the highest since July of 2008.

While rising mortgage rates slowed home purchases during the summer, analysts note that home buyers seem to be adjusting for higher mortgage rates by purchasing smaller homes in less costly areas.

Home Builder Confidence recently achieved its highest reading since 2005, a further indication of overall economic recovery and housing markets in particular.

After Wednesday’s holiday, the Weekly Jobless Claims report came in with a reading of 338,000 new jobless claims filed. This reading was lower than expectations of 345,000 new jobless claims and significantly lower than the previous week’s report of 380,000 new jobless claims.

This was the largest decrease in new jobless claims since the week of November 17, 2012. After seasonal volatility associated with the holidays, analysts expect new jobless claims to decrease at a slower rate in early 2014,

Freddie Mac released its Primary Mortgage Market Survey on Thursday. Although some economic analysts had expected a jump in mortgage rates after the Fed announced its plan to begin tapering its monthly securities purchases in January, mortgage rates showed little change.

The average rate for a 30-year fixed rate mortgage rose by one basis point to 4.48 percent with discount points unchanged at 0.70 percent. Average 15-year mortgage rates also rose by one basis point to 3.52 with discount points moving up from 0.60 to 0.70 percent.

The average rate for a 5/1 adjustable rate mortgage rose by 4.00 basis points to 3.00 percent, with discount points unchanged at 0.40 percent.

2014 shows promise of a steady economic improvements, and given the latest New Home Sales report, it’s possible that improving housing markets will continue leading the way.

What’s Ahead

As with last week, this week’s schedule of economic events is reduced due to the New Year holiday. Pending home sales for November will be released Monday, Tuesday’s economic reports include The Case/Shiller Housing Market Indices and the Consumer Confidence report.

After the holiday on Wednesday, Thursday’s scheduled reports include the Weekly Jobless Claims and Freddie Mac PMMS on mortgage rates. Construction Spending will also be released. There is no housing or mortgage-related economic reports set for release on Friday.

How To Build An Outdoor Fire Pit

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How To Build An Outdoor Fire PitWith most of the country easing into full-on winter weather, last-minute outdoor projects need to happen soon. And what better way to enjoy a cozy holiday season than by drinking hot chocolate and roasting marshmallows at your very own outdoor fire pit.

In one weekend, the steps below can help you build an outdoor fire pit and get you fired up about the cold!

Determine The Size And Location

The first order of business is to choose where to build your outdoor fire pit. You want to make sure it’s not too close to the house or overhanging trees.

Once you’ve found the spot, lay out a ring of stones and mark it with a shovel before you dig the hole. You’ll want it to be between 35-45 inches in diameter. This will allow a roaring fire, but it will also feel cozy and intimate.

Dig The Pit And Make A Trench

Make a hole six inches deep within the circle your marked using your stones. You want the sides to be straight and the bottom flat. Then dig down an extra six inches around the perimeter.

This trench should be wide enough to fit a ring of stone blocks that will be the base of your wall. Fill the six-inch deep trench with drainage gravel until it’s level with the center of your pit.

Lay The Stone Blocks

Lay out the stone blocks on top of the gravel. Place the first one and use a level to make sure it’s sitting squarely. Set the second block next to it and so on. Use a level to ensure everything is even.

For the second layer, squirt masonry adhesive in a snaking pattern and center a block on top of the seam of the first layer. Build up the wall until it’s about one foot above ground level.

Finish It Off

Fill the pit with gravel until you reach ground level. The gravel will help the base of the walls set straight. If you want to cover the outside of the pit walls with stone cap pieces, then try to fix them together like a puzzle using masonry adhesive.

Then you can either build a fire on top of the gravel or insert an iron campfire ring into the center. Once you’re finished, then it’s time to bundle up and get those marshmallows roasting!

Keep That Heat Inside, Insulate Your Windows For The Winter

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Keep That Heat Inside, Insulate Your Windows For The WinterDid you know that, according to the U.S. Department of Energy, 10% of air leaks out of the average house through the windows? Also, an estimate by Energy Star states that homeowners could save an annual 7-15% on their energy bills by replacing their own windows with more efficient models.

If you live in an old home, it might not be possible to replace all of the windows in your home. However, there are still many simple and cheap things that you can do that will help to insulate your windows.

Apply Rubber Weather Sealing

At your local hardware store you will be able to find some inexpensive strips of rubber weather sealing that is self adhesive. You can cut a long strip down to fit your window and then peel it off and stick it to the frame in order to close gaps and keep out drafts.

This is a cheap solution, but it can be very effective and it will not affect the appearance of the windows. Be very careful when you peel off the rubber strips later, as they can leave a stick residue.

Keep Some Draft Snakes Around As Pets

What is a draft snake? It is a soft plush fabric tube that you can use on a window sill or also underneath your doors to prevent cold air from creeping into your home.

They are sold online or you can make your own by filling a tube of fabric with rice or beans. They are cheap and simple, but of course they will only insulate the window sill and not the rest of the glass.

Add Insulating Window Film

Another option for insulating your windows in the winter is to use insulating window film. This is a transparent product that sticks directly to your window and gives them an extra layer of protection.

This means that your windows will not be perfectly transparent, as the film will affect the view somewhat, so you might only want to use them in some parts of the house.

These are just a few simple ways that you can insulate your windows and save money on your energy bill this winter at your home. For more helpful tips, contact your trusted real estate professional.

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