As a seller’s agent, multiple offers can be great. Who doesn’t love options? Does my seller want to take offer A, B, or C? (Or even D, E, or F?).
As a buyer’s agent, multiple offers can mean more stress, headaches, nail biting, and taking on more risk. Lately it has been described as a seller’s market. With the combination of low interest rates and a global pandemic that led thousands of people to decide to look for a bigger house with more rooms, outdoor space, and a more desirable location than their last residence, the result has been multiple offer bidding wars on homes that buyers find desirable. So, what are some suggestions for handling this multiple offer laden market? Here are a few tactics I have learned over the years:
- Do a pre-inspection so that the home purchase is not contingent on a home inspection. If you find too many red flags, you can just skip making the offer and keep looking.
- Ask your lender to approve you beyond just a pre-approval. This might take more energy on the front end so that you can have the bank give you a solid approval letter, but it might mean that you can close on the house in less time and seem like a more solid choice than the other offers.
- Be willing to ask the sellers what they need. Some sellers want a high price, while other sellers are OK with a decent price, but with features such as a rent-back for a month or so while they coordinate closing on their new home, or even begin looking for their new home. Being flexible can be crucial to winning the offer.
- If you are a seller, and need to sell before buying the new home, you might just want to move out, get a six-month or a one-year rental and put the house up for sale. You might find that the profit you make in a multiple offer situation could be enough to cover the cost of the rental and make the search for the next house less frantic and stressful.
These are just a few ideas a good Realtor can help their clients to decide on. Find a trusted Realtor to help you. Oh, and happy Pride month everyone!
Joseph Hudson is a Realtor with The Rutstein Group at Compass. Reach him at 703-587-0597 or [email protected].
The trendiest paint colors of 2021
Ultimate Gray, Illuminating, Urbane Bronze among year’s hues.
Last year, I decided to forego writing about the paint colors of the year, since many people in our vibrant community were out of work. Buying Farrow and Ball paint for $125 a gallon, it would seem, was not the first thing on their to-do lists.
So here we are in 2021 where the Pantone color of the year is…wait for it…Ultimate Gray.
Aren’t we tired of gray yet? Sure, Pantone pairs it with an outrageously bright yellow called Illuminating, which I would have guessed was a blue-toned white had I not seen it online. The combination of gray and yellow has been used in linens and fabrics for several years, albeit in softer hues, so while the stronger hues have been updated for 2021, I don’t find them fresh or exciting anymore.
There is an array of colors in the lineup this year that are reminiscent of dirt. Dulux has Brave Ground, a neutral earth tone that “creates a feeling of stability, growth and potential, and provides a firm foundation for change and creativity.” That sounds like a color I need to have in my paint collection just to write articles, negotiate real estate contracts, and watch the news.
Sherwin Williams brings us Urbane Bronze, which they describe as “sophisticated” and “rooted in nature.” Harvard naturalist Dr. Edward Wilson would have likened it to biophilia, a term he coined for humankind’s desire to search for “a connection to nature and other forms of life.” I think it would accent cicadas nicely.
Contemplative, the 2021 choice from Pratt and Lambert paints, is a color to think about. It’s a deep moss like that found in the rainforest or on the front of my house. I guess it’s time for a power-wash.
Teal has been around for decades, but it became so over-used that 20 years ago, Crayola removed Teal Blue from its crayon collection. Now it’s back in Benjamin Moore’s Aegean Teal, a deep, muted blue-green-gray combination, the ocean’s equivalent of mossy Contemplative.
Southwestern dirt is represented by Behr’s Canyon Dusk, which looks a little like a New Mexico landscape on a hot, dry day, without the cacti interspersed or the mountains on the horizon. Or try it on the exterior of your organic adobe home.
Glidden suggests using its 2021 choice, Aqua Fiesta, a softer, muted turquoise-aqua blend that won’t overpower your bedroom, bathroom and kitchen walls, and will promote a feeling of calm where used.
Dutch Boy has selected Earth’s Harmony for 2021. While the name implies a brown tone, this color is actually a cheerful blue that takes you to the moon and back. (Well, to the sky anyway.) Check out how it looks on kitchen cabinets on Dutch Boy’s website. Forget the gray-on-the-bottom and white-on-the-top cabinet theme and liven up your kitchen with this vibrant color.
Now, if you’re not already on overload, Valspar gives us 12 new colors to select from. Many are neutral and all are muted.
The brown and tan tones include Maple Leaf (think Vermont maple syrup candy), Unforgettable (a perfectly forgettable beige), Arizona Dust (refer to Behr’s Canyon Dusk above), and Gallery Gray (gray is possibly a misnomer – it looks tan to me).
The blues and greens are Lucy Blue (teal by another name), Blissful Blue (a mid-toned blue gray), Granite Dust (a very light blend of green and gray), Garden Flower (a happy green with only a touch of gray), and Academy Gray (more akin to teal than gray and the darkest of their 2021 choices).
In addition, Valspar gives us Soft Candlelight (a not-too-bright yellow), Cherry Taupe (a neutral with slightly pink tones), and my favorite, Dusty Lavender (true to its name, although anything called Dusty makes me want to go and take a shower).
Clark and Kensington paint combines its colors into three collections of six colors each: Understated Impact, Mindful Living, and Creative Escape, which sound like things to ruminate about while doing goat yoga.
Each collection features hues that are like the blues, greens, tans, and grays created by every other paint company. The one exception is Red Tulip, found in the Understated Impact collection. It’s more of a ruby or garnet than a true red, but it’s nice to see someone paint outside the box.
This month, I hope to see more decorating in gem colors: Garnet, Amber, Citrine, Emerald, Sapphire, and Amethyst, with accents of Smoky Quartz and Tiger Eye, and a smattering of Sky-Blue Topaz, Rose Quartz, and Pearls.
Now, wouldn’t that make a nice flag? Stay colorful, my friends.
Valerie M. Blake is a licensed Associate Broker in D.C., Maryland, and Virginia with RLAH Real Estate. Call or text her at 202-246-8602, email her via DCHomeQuest.com, or follow her on Facebook at TheRealst8ofAffairs.
Boosting your curb appeal for summer selling 2021
The look of your exterior speaks volumes about your interior
A prospective buyer’s first impression of your home speaks volumes about how you take care of your house. If the outside of your home isn’t well-tended, you are eliminating many buyers and can expect your home to sit on the market longer and sell for less. Try some of these tips to give your home great curb appeal.
Dress Up Your Front Door: It’s the first thing guests are in contact with when visiting your home. If your door is peeled, weathered, or the paint has just become dull it can diminish the appeal of your home. Painting your front door is an inexpensive way to add curb appeal to your home. Buying a can of paint for under $30 can easily liven up the look of your home. Pick a shade that compliments the rest of your home, but makes the door stand out. If you have an HOA, be sure the color you choose is authorized by the association. Feeling fancy? Add an address plaque above your door or install a stylish door knocker.
Rejuvenate Plant Life: Flowering plants are a great way to make your home vivid and inviting. In the D.C. metro area, we have many beautiful flowers that thrive in the summer and can bring fresh curb appeal to your home. Peonies work well in sun-filled areas, although buy an established plant as they can take years to fully blossom. Plant some clematis along the border of your exterior; these colorful beauties do well in shaded areas.
Brighten Up Your Mailbox: Mailboxes are one of the first things a prospective buyer notices. Mailboxes are usually neglected by homeowners, but painting them is a quick and easy way to bring curb appeal to your home. If your mailbox is on a wood post, paint the post a neutral color. For mailboxes that are on their last leg, it may be simpler to just replace them. Install a flower box around your mailbox to add a fresh look. Coordinate the color of the mailbox and your front door or your house’s trim color. The state of your mailbox indicates how well you’ve taken care of your home; a neglected mailbox can easily raise a red flag for prospective buyers.
Replace Your Gutters: An old gutter system with peeling paint and rust spots emits a sign of a neglected home. Replacing your gutters may cost you a little more than planting flowers and painting your door, however, it will go a long way in your home’s curb appeal. Vinyl gutter systems are less expensive but are infamous for cracking over time in our cold weather. If your budget allows for it, copper systems express a look of high quality and will go a long way with curb appeal.
Curb appeal is a prospective buyer’s first impression of your home. The look of your exterior speaks volumes of your interior and can tell someone what they should expect when they open your front door.
Why are so many people moving to Florida, Texas, and Nevada?
Affordability, low taxes motivating many to relocate
Without a doubt, 2020 and 2021 have been very different, life-changing years for many of us. The pandemic changed life in many ways, for many people in both personal and professional respects. From a business perspective, for many, COVID-19 meant a transition from being required to go into an office every day to primarily working remotely from home.
As working remotely increasingly becomes the new normal for many, the question began to arise, “If I can work anywhere, do I want to stay here?” After all, until now, most people lived near their workplaces because they were required to be physically present in those workplaces for the majority of the time. Now, if work is remote, home could, in theory, be anywhere. People are thinking less about where they have to live, and more about where they want to live.
Of course, that means different things to different people, and many factors can make a particular place appealing — or not so appealing. For some, it’s being closer to family and friends. For others, it’s a certain kind of weather or scenery — maybe being close to the beach or the mountains. And for still others, economic considerations play an important role.
After all, if you can live anywhere, living in a place where you can keep more money in your pocket is appealing. As a result, the COVID-19 pandemic ultimately accelerated the migration of businesses, families, and individuals from states that are more expensive to others that are less so.
Three particularly popular destinations are Florida, Texas, and Nevada. Here are a few reasons why:
More Tax-Friendly: One huge advantage of each of these states is that they have no state income tax. While there are still other taxes like sales, and property tax, not paying income tax can ultimately result in significant savings, particularly in comparison with some states that have very high income tax rates in addition to being more expensive generally.
Affordable Housing and Rental Opportunities: Many of the cities in these states offer more house for the money than what can be found in other locations. For many, location is everything – but for an equal number, location plus affordability is appealing. Many people like the idea of being able to afford a larger home or more land for a lower price. This is not to mention that from a business perspective, these states tend to offer more affordable rental prices for office space than some other states and cities do.
Mild Climate: Although weather often isn’t the only determinative factor in a move, it can definitely be a bonus. In addition to offering significant economic advantages, all three of these states offer plenty of sunshine, mild or warm temperatures throughout much of the year, and plenty of beautiful scenery for residents to enjoy.
Each family, each person, each business is different, but for many, these are some of the primary advantages of making a move to these three states. Regardless of your reason though, when making a move, one thing you’ll always need to make that move successful is a talented Realtor.
Maybe you’ve decided that the time is right for you to make a move to one of these more tax-friendly states – or maybe you’ve decided to make a move elsewhere, for different reasons. Regardless of where you decide to go, or why you decide to go, at GayRealEstate.com, we’ll meet you there. We are proud of our hard-earned reputation for pairing LGBTQ buyers and sellers across the country with talented, experienced LGBTQ-friendly realtors who know and love their communities, and who can help you achieve your real estate dreams. If you’re ready to make a move, there’s no time like today to take the first step. Get in touch with us at any time. We look forward to helping you soon.
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