Monday, March 11, 2013

Monday Morning Coffee Update

Spring is finally here! We moved the clocks forward this weekend which means MORE SUNSHINE! I feel like when there's sun, people are motivated to get things done. Whether is cleaning out your car, going for a run or finally painting your bedroom, the combination of warmer weather and longer days brings that push to start.

In my business, the combination of weather and sunlight also brings out the home buyers. Yesterday I held an Open House and it was crowded with people hoping to find a new home. New homes are popping up for sale and even more are going under contract each day.

Market News:
According to RealEstateEconomyWatch.com

...The housing recovery is expected to grow at an annualized rate 0.6 percent through the third quarter of this year, then gain momentum and prices are projected to grow 3.7 percent between the third quarters of 2013 and 2014 until settling down to 3.3 percent annual increases over the next three years according to Fiserv, a financial services technology provider using data from the Federal Housing Finance Agency (FHFA).
Both home prices and home sales volumes increased steadily last year, making 2012 the first positive year for both prices and sales since the housing market crash, excluding gains induced by the home buyer tax credits in 2009 and 2010....
The recovery in home prices has been solid and broad-based. At the end of the 2012 third quarter, prices were rising in approximately 62 percent of all U.S. metro areas, compared to 12.5 percent in the same period a year ago. Average U.S. home prices increased 3.6 percent from the third quarter of 2011 to the comparable period of 2012. Many of the metro areas that suffered the most severe declines during the housing market crash enjoyed the highest price increases in that period....

Recipes:
This weekend is Saint Patricks Day. My celebrating is much different than it was in my early 20's, but I do still love the holiday! Are you having people over or heading to a friends house for a party? Here are two easy, fun, Irish themed recipes you could bring:

Soda Bread Biscuits:
Directions
Mix 2 cups flour, 2 teaspoons sugar and 3/4 teaspoon each baking soda and kosher salt in a bowl. Work in 2 tablespoons diced cold butter by hand. Add 1/2 cup raisins and 1 tablespoon caraway seeds. Mix in 3/4 cup buttermilk. Pat out the dough until 1 inch thick; cut into four to six 2 1/2-inch rounds. Bake at 375 degrees F, 15 to 20 minutes.

Guinness Float:
Ingredients
For the ice cream:
6 large egg yolks
1/2 cup sugar
1 cup whole milk
1 cup heavy cream
1/2 vanilla bean, split lengthwise and seeds scraped out
1 ounce Baileys Irish Cream
1 ounce Irish whiskey
For the float:
Dash of chocolate bitters
2 ounces Guinness stout

Directions
Make the ice cream: Whisk the egg yolks and sugar in a large bowl until pale. Bring the milk, heavy cream, and vanilla pod and seeds to a simmer in a small saucepan. Slowly whisk the hot liquid into the egg mixture; strain through a fine-mesh sieve into a clean bowl, then set the bowl in a larger bowl of ice water. Add the Irish cream and whiskey and stir until cool. Transfer to the refrigerator and chill at least 3 hours. Freeze in an ice cream maker according to the manufacturer's directions.

For each float, put a scoop of the ice cream in a glass. Add the chocolate bitters and top with the Guinness.

If you don't have an ice cream maker, fold Baileys Irish Cream and whiskey into softened vanilla ice cream and freeze until firm.

Read more at: http://www.foodnetwork.com/recipes/food-network-kitchens

Monday, March 4, 2013

Monday Morning Coffee updates

One of my favorite things about being a Realtor is when my client finds the property they want to make their home. It's so rewarding to know I helped them find a new place to live, grow, form memories and bonds. I had a settlement last Monday with a client whom I have a close working relationship with, but on settlement day I got to experience a personal moment with her and her fiance that's truly special.
My buyer wanted this particular home from day one. It has the old charm and character she loves, great central location and within their desired price. It's hard to keep buyers unemotional, but I try because one of my LEAST favorite parts about my job is when offers get rejected or we encounter a horrible inspection. So I did my best to get the best deal, even though I knew they'd pay way more. Everything turned out great. They are very satisfied with the terms of the deal and ready to start a new journey. 
This is one of the main reasons why I love my job =)
_________________________________________________________________
Real Estate Tips:
Remodeling Magazine just put out their annual Cost vs. Value report which compares construction costs with resale values for 35 mid-range and upscale remodeling projects. The report comprises additions, remodels and replacements in 9 different regions and 81 markets across the country.

Here's a snapshot of the country- wide- range remodeling projects offering the highest return:

  • Entry Door Replacement (Steel) - ROI on resale = 85.6% 
  • Deck Addition (Wood) - RIO on resale = 77.3% 
  • Garage Door Replacement - RIO on resale = 75.7%    
  • Minor Kitchen Remodel - RIO on resale = 75.4% 
  • Window Replacement (Wood) = RIO on resale 73.3% 
  • Attic Bedroom - RIO on resale = 72.9% 
  • Siding Replacement (Vinyl) - RIO on resale = 72.9% 

Click here to view the Mid-Atlantic Philadelphia regional report 
Notice that most of the highest returns are from Exterior work- siding replacement, windows, garage, etc. Just proves that curb appeal is essential in getting homes sold- quickly and for highest price.
 *First impressions are so important*