Long Distance Moves: What To Know

Guest post written by Chief of Organized Living & NorthStar Moving Company Co-Founder Laura McHolm

We often get asked: what moves are considered long distance moves? Long distance moves are any move that crosses a state line. They can also be called interstate moves.

If you are one of the millions of Americans seeking a life change by moving to a new state, Coldwell Banker's Move Meter is an excellent resource to determine what state is a fit for you. Simply fill in where you live and where you are considering moving to and the Move Meter will use data to compare key factors such as taxes, schools, home prices and overall quality of life!

Once you decide on the new state you are moving to and are ready to move, here are the elements to be aware of and consider when moving long distance:

Factors that affect the price of long distance moves

• How far are you moving?
• When are you moving? Think of it like airplane tickets, the busier the time, the more expensive the ticket. Usually, moving companies are the busiest at the end of the month and in the summer.
• How much stuff are you moving?
• Will you pack yourself? Or, is the moving company packing for you?

Consolidated shipping

Instead of sending a giant semi truck across the state line with only your belongings onboard, check to see if your moving company can consolidate your long distance move with other clients' shipments. This method of consolidated shipping allows everyone to receive the lowest rate for long distance moves.

If you need to move quickly, or have a large amount of items to move, you can always pay full price for an entire truck.

Delivery windows

Sometimes for long distance moves, moving companies give a delivery window and not an exact arrival date. They know conditions like weather and road closures can often slow down the moving truck. And, if your belongings are part of a consolidated shipment, it takes time for the movers to pick up and deliver other clients' shipments along the way.

Accessorial charges

Does your move involve any extra circumstances like flights of stairs? An elevator? Will the truck have to park far from your front door? By the way, the moving lingo for "extra circumstances" is "accessorial charges".

Storage

Will your belongings need to be in the moving company's storage while you're getting your new place ready?

Best money saving tip

The best way to truly save on the cost of your move is to choose a moving company based on their reputation. Make sure they have provided stellar service to their clients for years.

SPRING IS HERE

By Brad Gosslee, President, Coldwell Banker Gosslee

Real estate has always been a seasonal business. Every year at this time we embark on our traditional Spring buying and selling seasons that runs into mid-summer before we reach a back-to-school lull and then rebound a bit in the Fall.

But this seasonality went out the window over the last few years going back to when the pandemic began. Home sales and prices went on a tear as the number of available homes plummeted. Starting in June 2020 all across the nation we saw people fleeing urban centers for the suburbs and beyond. A work-from-anywhere model emerged as Zoom calls took over our lives. More affordable markets like Northwest Louisiana became more attractive than ever. And we obviously saw mortgage rates reach all-time lows allowing so many the opportunity to move-up, downsize, buy their first home or even vacation homes.

We had a frenzied market filled with multiple bids as an influx of buyers struggled to compete for a limited number of properties. While we knew the pace would eventually end, we didn't know it would be inflation, the war in Ukraine, and other factors that would force the Fed to increase lending rates. This led to an increase in mortgage rates and thus a slowed housing market at the latter end of 2022.

So here we are now in our first traditional Spring market since 2019. Wow! We are once again seeing buyers and sellers looking to move largely for lifestyle reasons – engagements and marriages, births, growing families, desire to be in better schools or nearer to friends, family and work. Of course, new jobs, promotions and retirements are also drivers as our less joyful occasions like divorces and illnesses.

And, while the real estate market has slowed, we are still helping buyers and sellers.

In Wednesday's Wall Street Journal, they had a story about today's housing market. I was struck by a quote from a recent Los Angeles home buyer who was pictured with his wife and newborn. He was relieved that rising rates have reduced the pace of the market and said, "I found the slowdown in the market to be good because at least we had time. We just wanted the playing field to be a little more level."

Higher rates continue to pull some buyers out of the market, especially at the lower end. Our friends at Fairway Mortgage report our average 30-year fixed-rate mortgage to be currently at 6.81%. Unfortunately, this makes it hard for some to afford increased monthly payments. This is one of the reasons why we had just 283 sales in Caddo, Bossier and Desoto Parishes last month, about 60 less than our five year February average. Not surprisingly. most of the slowdown came at sub-$200,000 price range where there were 147 few homes sold in February compared to last year.

Nationally, sales were up 15.2% from January, but down 22.6% over last year at this time.

I've been a bit more focused today on the raw number of sales rather than percentage decreases. We are off 33% in Northwest Louisiana sales so far this year compared to last year, but we have to remember at this time a year ago, we were still in the second-hottest start ever in Northwest Louisiana. Therefore, we are coming off record highs. It will be interesting to see what sales look like in the next few months as we enter our more traditional sales seasons. 

This month's first chart looks at sales in the different price points. We are down in almost every sector except much of the higher-priced brackets in Caddo and Bossier. The data from Desoto is skewed because sales are largely impacted by a lack of available homes.

Traditionally, we've seen a slowdown in sales bring lower home prices. But that is not occurring today simply because we still do not have enough homes on the market to meet demand. It's still a supply vs. demand imbalance.

So, before I get to prices, let's look at inventory. We had hit an all-time low of 667 available homes in April 2022. Things improved a bit reaching 1,072 in October. But now we are back down to 920 available homes. As a comparison, we had more than 2,100 and 1,80, available at this time respectively in 2019 and 2020.

This means that buyers are met with at least 50% less choice.

And so far this year, we are not seeing much relief. It's definitely a concern that we saw only 369 homes come on the market last month, the lowest February total since I started tracking this data 13 years ago. And we are essentially mimicking what the National Association of Realtors just reported with their latest Existing Homes Sales. Nationally, there are only 980,000 homes on the market. While this is up about 16% over last year at this time, it still equates to a low 2.6 month supply. Our month supply is 2.3.

We get this number by dividing our current number of available homes (920) by our last 12-month average number of sales (402). Therefore, we remain in a strong sellers' market as a balanced one – where neither seller or buyer has a negotiating advantage – is historically around 5 months.

This next chart shows that even with fewer buyers, our inventory levels are not rising. In fact, essentially whatever homes come on the market are being sold – and pretty quickly. You will notice that things are especially tight in the middle price ranges.

The buyer I mentioned benefitted from a slowed pace of sales. Nationally, homes are staying on the market today for about 34 days compared to just 18 a year ago. Locally, our homes are coming off the market in 31 days compared to last year's 16.

He also benefitted from slowing home price appreciation and decided to "date the mortgage and marry the house" going with an adjustable-rate mortgage that has a lower interest rate for the first 10 years of the loan. Obviously, he is hoping to refinance to a lower long-term mortgage in the coming years before the rate adjusts. But he got the house after having struggled to compete for a few years.

The pace of price increases is another data point I'm focusing on. During the pandemic our wonderful region saw double-digit annual percentage increases. This was far from the norm. Traditionally, no matter what occurred on the high-priced coasts, we just chugged along at 2-4% annual increases. But, so far this year, our median price (the middle of all homes sold) is $208,800, up 7% over a year ago.

Home prices are holding their value.

The hope is that sellers – as they see a need– will realize they still command top dollar and continue with their plans to list. They remain in the driver's seat.

We are also telling buyers to recognize that prices are likely not going to fall dramatically. For example, at this rate, our median-priced $208,800 home would cost $223,416 next February with 7% appreciation. Even looking at a 2% increase, that home would be $212,946.

Remember, we are NOT like the rest of the nation!

First, our median price is a whopping $155,000 less than the U.S. mark of $368,000. Additionally, the national median price was 0.2% behind last year. This marked the first year-over-year decline in 131 months. The U.S. has seen more than a decade of continuous increases dating back to the end of the Great Recession.

Here is a snapshot look at how home prices have increased nationally over time:

The above chart perfectly illustrates how equity works for a potential seller. Along with paying down your mortgage over the years, the value of your home has likely increased. Therefore, when you go to sell, you likely have made significant gains. This profit can be put towards the next home either allowing for a cash purchase – no mortgage required – or putting more into the next home to reduce the mortgage amount. Currently 28% of all U.S. sales are cash deals.

Even though we are past the top-of-the-market, homeowners have done extremely well especially over the last several years. And this news is even better for the 30% of all Americans who own their home "free and clear" of a mortgage.

This last chart shows how we compare to the national housing market:

I assume you can tell how much I love analyzing the data to tell the story of our current housing market. But I also hope you realize how much I – and all of our agents – want to be a resource for you.

We understand how confusing things are. It's hard to get local information from Zillow, Realtor.com, Yahoo Finance, MarketWatch, the Wall Street Journal, New York Times or other national entities. Believe me, they don't have a clue when it comes to Caddo, Bossier and Desoto Parishes.

For those considering buying or selling a home, I really do encourage you to reach out to us. Get your questions answered. Gain an understanding of where you stand financially, what you can afford or what your home might be worth. And if you are thinking of a move out of town, our agents can connect you to a solid agent there to help remove some of the mystery.

And, of course, if you want to get even more insight, you can click here to get our Coldwell Banker Gosslee February 2023 Monthly Market Report.

My email is bgosslee@cbgosslee.com. And you can call our office at (318) 747-5411 and (318) 861-2461 or reach an agent though cbosslee.com

The Future Homeowner Club: Game Plan for Buying your First House

So, you want to buy a house?

This guide is designed to map out the 12-Month Timeline that will take you to homeownership. Please note, this can be done sooner than 12 months, but the same framework still applies. As you start the process, you'll be able to determine what your custom timeline is going to look like based on your credit, financing budget, and home goals.

Before you begin, it's important to understand your why – Why do you want to embark on this journey to homeownership? Has it always been your dream to own a home? Do you want to start a family? Do you want a closet that's bigger than a shoebox? Do you want to paint the walls any color you want? Whatever you why is will help you stay on track with your home goals.

12 Months Out

1. Check your credit score: Get a copy of your credit report. The 3 credit bureaus (Equifax, Experian, and TransUnion) are required to give you a free credit report every year. You want to not only learn what your credit score is, but make sure there aren't any errors that need to be disrupted.
2. Figure out your home buying budget: This is important to do at the beginning so that you can create a savings plan for a down payment and other home buying expenses.
3. Get your finances in order: Whether you need to raise your credit score or create a down payment savings plan, you'll want to figure this all out about a year in advance from when you're wanting to buy your first house.
4. Research different loan programs: Myth…You need 20% down to buy a home. Actually, you can put down as low as 3.5% (sometimes even less). Talk to a lender and so some research to figure out what options you have. Homeownership may be closer than you think.

6 to 9 Months Out

1. Do your research: Start thinking about the home features that are most important to you. What are your absolute must haves vs your deal breakers? What is important to you? Being close to work? Having a big backyard? What is important that can't be changed?
2. Take a tour: Start checking out different neighborhoods and see what you like or don't like about different locations. What area do you hope to purchase a home in? Go hangout in the area and check out a local restaurant.
3. Budget for home buying expenses: You'll need to think about more than the down payment amount. You'll be responsible for paying for a home inspection, an appraisal, closing costs and other miscellaneous expenses. Make sure you budget for this in advance.
4. Start gathering paperwork: It's important to know that the bank is going to want to see a lot of paperwork. Preparing for this in advance will make the process so much smoother when you're going through it. Here are a few things to start getting together.
   1. Personal tax returns for the past 2 years
   2. Your most recent pay stubs
   3. Bank statements
   4. Credit card and other loan statements
   5. W2 forms and previous addresses

3 Month Out

1. Get preapproved: By this point, you should be ready to get preapproved! Hopefully you've worked out any credit repair issues and have found a reputable lender to work with. They will run a credit check and determine the amount you're approved for.
2. Your pre-approval amount: Make sure you take into account other expenses like taxes, homeowners insurance and are budgeting for future home maintenance costs. You may not want to spend the max amount you're approved for depending on the rest of your budget.
3. Meet with your Realtor and start the home search: You should have researched and found a Real Estate Agent by this point so now that you have your pre-approval in hand, you can officially start house hunting! Your Real Estate Agent will act as your guide for the entire process.

Time to Put Your Plan in Play

1. Meet your realtor and establish your plan: Set up a time to meet and establish your specific game plan. This includes getting your pre-approval, talking about your goals, timelines, home search criteria, deal breakers, must haves, all the things.
2. Digital Home Search and Home Tours: Your agent will set you up on a digital home search based on the criteria discussed at your initial consult. From there, they will coordinate home showings based on listings you're interested in that match your criteria.
3. You found the one – Time to write an offer: Are there other offers on the table, how long has the house been on the market, how does the list price compare to other homes in the area, what can we do to accommodate the sellers, what is the assessed value, etc. How do these compare to the goals you discussed with your agent and what contingencies need to be included?
4. Possible negotiations: Be prepared to negotiate with the sellers. They may counter our offer on price, closing date, inclusions, etc. From here, your agents will help you determine your next steps and proceed accordingly. It's important not to let your emotions get involved here. You need to look at this logically so that you can make smart real estate decisions.
5. Your offer is accepted – Yay! Here's what's next: All offer documentation will be forwarded to your lender. You will submit your deposit to the title company, start your loan application and schedule your home inspection. Your agent will send you a timeline of dates and deadlines along with weekly updates to keep you on track and in the loop.
6. Schedule your home inspection: Your agent will share a list of home inspectors but feel free to choose anyone who is licensed in the state of Louisiana. They will coordinate a date and time to perform the inspection and will share a digital report following inspection. We always encourage you to attend at the end of the inspection so that you can go over the findings with the inspector.
7. Complete the loan application and appraisal: You will start the loan application process with your lender and submit all required documentation. They will then order an appraisal to be hone by an independent 3^rd part appraiser to verify the market value of the home.
8. Satisfy any remaining contingencies: Between now and closing is when we'll need to make sure all contingencies in the offer have been satisfied. If there were repairs required from the home inspection, a home sale contingency on your end, other inspections being done, etc. Once these a completed you are almost done!
9. Loan commitment and final walk through: Once your contingencies have been satisfied and your financing has been approved, you'll receive your final loan commitment and clear to close from the lender. Our final step prior to closing is to schedule a final walk through of the property. Your agent will want to go through and make sure everything is as agreed upon with the sellers.
10. Closing day, keys and celebration: It's finally closing day! Time to sign all the official paperwork and get your keys to your new home! Plan to arrive to your scheduled place of closing on time and with a check in the amount determined with your lender. Bring photo IDs and plan to be there for about 45 minutes. Once everything is cleared, you'll receive the keys and are off to celebrate!

The difference between ordinary and extraordinary is that little extra. Working with a Coldwell Banker Gosslee agent includes that little extra! Our agents communicate effectively, build relationships with other agents and find the right house for every buyer. Whenever you ready to begin your home buying journey, just give us a call!

Bossier City Office (318) 747-5411    Shreveport Office (318) 861-2461

How to Create a Lifestyle Buyers Want 

When the time comes to sell your home, your real estate agent is going to be marketing all of your "house data" from square footage to the size of your yard. All of these details combined with the updates you've done from installing granite countertops to the luxury soaking tub in the Owner Suite are certainly important. However, when you're trying to think of all of the features of your home, often on of the most important factors is overlooked.

That factor is the lifestyle buyers will see when they tour your home. A buyer might say they want a 4 bedroom, 3 bath house with a minimum of 2,500 square feet, a game room and an acre lot. However, what they really might be looking for is a home that has plenty of space for their 3 growing children to play and have their friends over. A years where they can learn how to play catch and have family football games and Summer cookouts. As well as extra room for game and movie nights.

So if you are thinking of selling your home, it's important to think about the kind of lifestyle a buyer would experience in your house in addition to the list of features and square footage. This guide is going to help you determine changes you might consider making to your home before putting it on the market to ensure that buyers are able to see the lifestyle in addition to all of the other details. 

It will also provide you with a few tips and tricks that will make your listing stand out! Most importantly, you'll want to consider working with an agent who understands lifestyle marketing so that they can attract as many buyers as possible, which will increase demand and therefore, maximize the sale price of your home.

Let's determine what lifestyle your home conveys!

1. What is your favorite room in your house and why?
2. If you had 10K to renovate any room in your home, which room would you choose and why?
3. If there a room in your home that could be converted to something more functional? What room would you convert and what would you change it to?
4. Which room in your home do you spend the most time in and why?
5. What is your favorite neighborhood feature or nearby attraction?

Now. Let's talk about some examples of home features that create a lifestyle.

1. Open Concept, Huge Kitchen and Built-In Bar = Entertainer's Dream
2. Private backyard with fire pit and lots of space = Outdoor Lover
3. Home Theater = Ultimate Movie Buffs
4. Close to hiking trails and bike paths = Active and Adventurous

What are your home's lifestyle features? Write those down!

Next Step: Taking what you've learned and applying it to your home.

1. Highlight the rooms that feature your home's lifestyle by staging them and clearing out anything that takes away from how the room is meant to be used. (If you have a great kitchen island but it's cluttered with food boxes, appliances, or mail – organize them, or try to eliminate the things you don't use on a day-to-day basis so that space still shows well.)
2. Think about any rooms that you've converted from their traditional use – does it match the lifestyle you're trying to sell or should you convert it back? (Did you convert a bedroom into a craft room that leaves you with only 2 bedrooms instead of 3?)
3. Do you have a space that could be improved prior to listing your home that would attract buyers? (A beautiful porch that could use some accessorizing, furniture and greenery?)
4. Would adding a home office space instead of a formal dining room make sense? (With many 'work from home' jobs these days, home offices are becoming very desirable. Would one work in your home?)
5. Interview Real Estate Agents to see how they plan on marketing your home. Find someone who understands how to market a lifestyle in addition to all the other details.
6. BONUS IDEA: Write a note to future buyers that you can leave out for showings. Offer them to help themselves to a glass of wine (or whichever beverage you choose to leave out) and tell them to spend some time enjoying (whichever space you think would best sell your home) so they can imagine themselves living there.

Our agents have a passion for helping their clients prep your home for sale and marketing the lifestyle of each listing! If you are thinking about putting your house on the market to move up to your dream home, give us a call today to set up a free consultation. Our agents can help you craft a custom plan for prepping your house for sale so that they can make your listing stand out above the rest. You and your home deserve the utmost attention to detail, and lifestyle marketing will make your home extra desirable in this market.

Bossier City Office (318) 747-5411      Shreveport Office (318) 861-2461

Whether it's your first home or you're getting ready to move into something new that fits your changing needs, this topic is for you. Today, we are going to talk about the top lifestyle considerations for buying a home. So we're going to go beyond your typical list of home features and help you start thinking about the actual lifestyle you want to live. 

LOCATION MATTERS FOR YOUR LIFESTYLE

You hear it all the time in the real estate world - it's all about the location...and it really is true! Because while you can paint colors, countertops and put that massive deck you've always dreamed of, you can't move your house (not without a lot of money anyways).

Think of things like what your work commute will be like, how far of a drive you're willing to have each day, the features you want in your community, and the school distrcit you want to be in if that is important to you. Do you want to be walking distance to the downtown? Do you want to be set further back from the road for privacy? What about the size of the city you live in? Do you want the feel of a small town lifestyle or are you happier in a busier city? The location of your home will be something that isn't going to change so figure out which criteria are essential when it comes to the location of your home and the lifestyle it will create. 

LET'S TALK ABOUT THE HOME FEATURES THAT FIT YOUR LIFESTYLE

When you think of home features it's easy to automatcially jump to your running list of criteria such as the size of the garage, how many bedrooms you want, that must-have updated kitchen and all of the "house data". However, you are ultimately buying a lifestyle, not just a house. So we have some things for you to consider when it comes to the type of lifestyle you are ultimately looking for when you make a move! Write down these questions and really think about what your answers are:

1. Where do you spend most of your time at home? If you love to cook and spend most of your time in the kitchen, you'll want to prioritize the layout of the kitchen when looking for a home. You can always add in upgraded quartz countertops or that dreamy double oven but the size, layout and location of the kitchen should be a top concern if you don't want to do any major renovations. 
2. What is something you wish you had in your current home? What is something you don't want any longer in your current home? Is your yard a lot to maintain and you want something smaller with a lot less maintenance? Maybe it's the opposite and your current yard is just too small for the lifestyle you have - making one of your top priorities having a bigger yard with privacy.
3. Which room in your house do you spend the most time in? How much space do you need to live comfortably and be able to enjoy the things you love the most? Are you hoping to have enough bathrooms to avoid chaotic mornings?

These questions will help you determine which features could be the most important to focus on when it comes time to look for a new home. Maybe features like hardwood floors aren't as necessary as having a layout that is perfect for entertaining and hosting holiday parties. You can always swap out flooring later but the layout will be a little harder to change. 

MAKE SURE TO BUDGET FOR YOUR LIFESTYLE

It's important to consider how much you can afford comfortably. Buyers are often pre-approved for a significantly higher amount than what they are actually comfortable spending on a monthly basis. Think about other expenses you have when it somes to your lifestyle - what else is important to you? Do you love to travel or go out to nice dinners on a regular basis? Do you love attending as many games of your favorite football team as possible? What hobbies do you have that cost money every month? Make sure the amount you spend on your house doesn't eat up all of your extra funds so you're glued to the house and can't have any fun or do the things you love!

If you're considering buying a new home in the near future and you want to chat more about the type of lifestyle you're looking for, reach out to us today!

Bossier City Office (318) 747-5411    Shreveport Office (318) 861-2461

4 Things to Consider When Pricing Your Home

Today, we are talking about the most important factor when selling - how to price your home. Grab a notebook and your favorite pen and let's dive in!

1. 1. Like everyone always says: LOCATION LOCATION LOCATION!: It's true! When pricing your home for sale, you need to consider the details of the location of your home. If you're in a popular subdivision located in a well desired school district, your value is going to be higher than having a house that backs up to a busy road or commerical building. 
   2. If your home has a lot of wear and tear, it will definitely affect your value: Things like shabby carpet, wood rot, beat up floors, rickety doors and ripped screens should be addressed prior to selling if you don't want these things to affect your value. Having a home that looks well taken care of puts the buyer's minds at ease and allows them to look at the home as being low maintenance. Buyers don't want to move in and immediately get to work unless they're buying a fixer upper. Keep in mind that fixer uppers come at fixer upper prices!
   3. Competition: Houses in your neighborhood that are for sale when you list will have a direct affect on the value of your home. If the house down the street is listed for $350,000 but has updated kitchen and baths and your home does not - that is your competition and you'll have to price accordingly. This will also apply when looking at the condition, square footage and length of time on the market to know if it's priced appropriately. The houses in your same area are your direct competition so you need to pay attention to this when listing your own home for sale. Buyers will be comparing your house with the one down the street. 
   4. History: You'll also want to look at comparable homes in your neighborhood that have sold within the past 3-6 months. The homes that have recently sold will give you an accurate idea of what homes are actually selling for along with how long they were on the market and how they compare to yours. If there aren't any recent comps in your neighborhood or there is really low turnover where you live, the search parameters will have to be extended somewhat but this is an important factor to take into consideration when pricing your home.

Pricing your home correctly is a crucial piece to a successful home sale. Taking all of these factors into consideration will help point you to the price that makes sense. It's also important to work with a real estate agent who will be honest about the value of your home. Our agents will be happy to offer you a free, no obligation seller consultation where they will cover all of this and more! Give us a call today to get started.

Bossier City Office (318) 747-5411  Shreveport Office (318) 861-2461

Wallpaper with Personality

Wallpaper is back. And you'll be glad it is – with all the exciting new colors, patterns and textures available to choose from. Today, stylish wallpaper is being used in small spaces, such as powder rooms and mudrooms, or as a beautiful accent, providing pops of color that brighten up an area or give it a more customized look.

Wallpaper choices range from traditional floral patterns to modern art deco designs, with patterns ranging from subdued to bold. Today's wallpaper is also much easier to apply and remove, so you can create a big impact without the hassle and mess. So, where do you begin? It depends on the look you're going for.

Create Visual Interest With Texture

If your space needs some personality, textured wallpaper may be the answer. Its three-dimensional design mimics just about any material, giving the room an unexpected visual element. Faux stone or wood adds rustic charm. Floral or scroll patterns evoke an antique or vintage vibe. Many textured papers are even paintable, so if you ever want to change things up, you can give your walls new life with a coat of paint.

Add a Touch of Glow With Metallics

For a glamorous feel, metallic wallpaper is an elegant choice. Your space will sparkle with movement as gold, silver and black elements reflect the light. Some metallic papers are also textured, producing shadowed accents that add depth and intrigue.

Soften Up With Fabric

Fabric or textile wall coverings are among the oldest types of wall decoration and can complement a bedroom's soft furnishings, giving it a luxurious feel. Found in both manmade and natural fibers, the paper mimics velvet, silk, linen or cotton. These materials are also breathable and porous, making them less susceptible to mold spores. However, keep in mind that fabric wallpaper can be affected by moisture and extreme heat.

Go Green With Naturals

Newer wall treatments made from environmentally friendly, natural products such as bamboo or grass cloth have increased in popularity. Certain brands are handcrafted and create quite a conversation piece, capitalizing on the material's innate color and texture variations.

Wow Them With a Mural

On a feature wall, a mural makes a bold a statement. It can help bring the beauty of the outdoors inside, transforming a room with dramatic floral arrangements, sweeping landscapes, lush forests and a variety of other picturesque nature-inspired scenes.

Find Your Inner Child With DIY Options

If you're looking to create a playful, interactive space, coloring wallpaper is just the ticket. It's not only an ideal addition to a child's room, but also adds a fun element to any entertaining space. Just like coloring books, this wallpaper comes in a plethora of themes and can be minimal or highly detailed in design. Most often in peel-and-stick form, you can easily remove it, apply a new pattern and start all over again. Just be sure to take pictures of your masterpiece before tearing it down.

Feeling timid about jumping on the wallpaper bandwagon? Consider starting with a small project. Give your lamps some personality by applying wallpaper around the edges of the shades. Wallpaper the top of a side table that isn't getting much use. Or paper the back wall of a bookcase or curio cabinet to introduce surprise depth. No matter the project, wallpaper has the unique ability to create a space in your home that's every bit as distinctive as you are.

Guest Room Tips for the Warmest of Welcomes

Opening your house to guests is one of the many joys of being a homeowner. You can make guests feel welcomed and comfortable by following these simple tips.

Create the Ultimate "Flex" Room

Flexibility is key in getting the most out of your guest quarters. If you host frequently, the room will likely be used by a wide variety of people – from your high school bestie visiting with her kids on spring break to Great Auntie Edna who's there for the holidays to your nephew who's in town to tour college campuses. If you expect to holiday children or multiple guests at the same time, consider investing in bunk beds or at least twin beds to offer several possible combinations of sleeping arrangements. The important thing is to plan ahead and anticipate who you may be hosting. Keep this in mind when decorating the space as well. Selecting a neutral color palette (step away from that ruffled, hot pink comforter!) will ensure that everyone feels content in their home away from home.

Add Some Local Flavor

Showcase your local community by displaying the highlights or most popular features of your city. Display a coffee table book about its history or attractions. Framed postcards or other artwork that show the best and coolest spots around town will not only dress up the space, but also give visitors a little taste of what they might see and do during their stay. Go one step further and stock the dresser drawer with brochures or travel magazines they can browse through to gather ideas about an itinerary for their vacation.

Walk a Mile in Their Shoes

Want to really understand what your visitors might need? Spend a night in your guest room with suitcase in tow, and you'll discover all sorts of little niceties that would make a difference to your guests: handy hooks for wet towels, extra blankets in the bureau, plenty of empty hangers in the closet, a convenient luggage rack, drink coasters for the nightstand, an alarm clock or even a collection of short stories for nighttime reading. Endeavoring to understand their needs from their perspective will help you play the role of the perfect host.

Feel confident when you lay out the welcome mat that those who cross your threshold will enjoy the time spent in your home. Refer to these tips when preparing for overnight guests and you'll be sure to win points as a first-rate host.

Let's Talk About Paperwork: What You Need To Buy A Home

From securing mortgage pre-approval through your lender to closing on your new home, the process of purchasing a home involves plenty of paperwork. You can make your life much easier by being prepared. Here are some of the key documents that you may need to provide or review throughout the process of purchasing your next home.

• Proof of Income
  In order to apply for loan pre-approval and determine how much you may be able to borrow, your lender may request a variety of documents to prove your income. These documents may include pay stubs, tax returns, bank statements, and retirement account statements.
  
  
• Proof of Employment
  Your lender wants to know where your down payment will come from and verify that you will be able to pay your mortgage, so they will also request proof of employment. Documents required may include pay stubs, 1099s, and W-2s.
  
  
• Debt Information
  Your lender will also want to be aware of any debts that you already owe, to ensure that you can pay those debts while also covering your mortgage. That could include information on student loans, car loans, and any other debts that you may be carrying.
  
  
• Loan Estimate
  While it's not an indication of your loan status, the loan estimate that your lender is required to send by law provides a broad outline of the terms of your potential loan. It's helpful to have this document available when you're comparing loan terms from multiple lenders.
  
  
• Loan Pre-Approval Letter
  Once you've provided your lender with all of the necessary documents, hopefully the next step will be receiving your pre-approval letter. While it doesn't mean that you've definitely secured the loan, this important piece of paperwork gives you a better idea of your budget.
  
  
• Purchase Agreement
  Once you have found a home you love and negotiated with the seller, the purchase agreement outlines the terms of the agreement. You won't need to create this document, but you'll need to be familiar with it in order to know your responsibilities before closing.
  
  
• Seller's Disclosure
  In some states, the seller is required to disclose any known issues with the home. The seller's disclosure, if required, provides important details on the home's history.
  
  
• Inspection Report
  The home inspection report provides detailed information on the condition of the home. If the inspection reveals problems, you might decide to negotiate with the seller for repairs or for a credit at closing that reflects issues with the condition of the home.
  
  
• Home Appraisal
  The home appraisal, which will typically be arranged by your lender, details the value of the home in the current real estate market. If the appraisal comes in significantly below your offer, you may have to pay the difference in cash or try to negotiate a lower price for the home.
  
  
• Proof of Homeowner's Insurance
  Your lender won't commit to a loan without proof that you have home insurance, so you'll want to have that ready to go in order to secure your loan.
  
  
• Government ID
  Sometimes, the simplest things are also the easiest to forget. You will need a government-issued ID like a driver's license or passport on closing day. Before closing, check that your ID isn't expired and that all of the information is up to date.

The exact documents you will need depend on your location and other factors. If you have any questions about exactly which documents will be needed in your market, your real estate agent should be a great source of advice.

Selling Your Home? Here's What You Need to Know

Selling a home certainly comes with its share of challenges, but there are also plenty of people who have been in your shoes before. Leaning on the advice of an experienced real estate agent is a great way to simplify the selling process. Let's take a closer look at tips to help you get a head start on selling your home quickly.

Proven, Professional Selling Tips

1. Price to Sell
   Trying to squeeze every last dollar out of the deal by starting with a high asking price may ultimately lead to a lower final sale price for your home. A home that's priced too high is likely to sit on the market, and homes that linger on the market ultimately tend to sell for less. You don't need to offer a bargain basement price, but you may want to go a little bit lower than other similar homes in the area, especially if you're hoping for a quick sale.
   
   
2. Clean and De-clutter
   We'll cover staging for open houses shortly, but first, you'll want to take care of the basics of preparing your home for potential buyers. Get ready to clean your home from top to bottom, including those hidden corners that you haven't thought about in years. Now is also the time to start clearing out clutter and storing personal items, so buyers will be able to imagine their lives in the home.
   
   
3. Prioritize Fixes and Improvements
   While you want to make your home as appealing as possible for buyers, upgrading every last little thing is unrealistic and likely to result in lost money. Instead, focus on upgrading the important stuff, with special attention given to kitchen and bathroom areas, because buyers tend to look at those spaces first. Look for upgrades that cost little, but make a big difference in appearance.
   
   
4. Smart, Simple Staging
   Once you've cleaned your home top to bottom and made the most cost-effective upgrades, you'll be ready to start thinking about how to stage your home for open houses. An experienced agent can help you with staging tips that will allow you to showcase the most important areas of your home. Open spaces, ample lighting, and attractively arranged furniture are great places to start.
   
   
5. Consider Curb Appeal
   You want buyers to be impressed from the moment they arrive at the curb, so it's important to make sure that your yard is clean, your landscaping is well-maintained, and the entrance to your home is looking its absolute best when selling a home.
   
   
6. Be Ready for Anything
   Selling a home is a complex process, so there may naturally be some ups and downs while your home is on the market. Financing can fall through, buyers can have second thoughts, and appraisals may not always match the value you expect to get for your home. Stay focused on your goals, work closely with your agent, and you'll be ready to overcome any obstacle.

Reading about the best tips to sell your home is a great place to start, but remember that there's no substitute for working with an experienced, professional real estate agent.

Get Ready for March Madness with a Sports Viewing Room

Shocking upsets! Amazing buzzer beaters! Yes fans, it's March – time to fill out your bracket and get ready for some serious basketball. When your favorite team hits the court, will you hit the sports bar or watch from home? You can enjoy the best of both with a sports room that will be the envy of all your pals. Here are a few simple tips to get ready for the madness.

The TV

When it comes to screen size, it almost goes without saying that you have to think big. Make sure every play, every foul and every point is captured in big, bold, high-definition. That goes for the acoustics as well – bigger is no doubt better. With an excellent surround sound system, you can experience every swishhh as if you're courtside.

The Couch

Leather is probably your best bet for maximum relaxation. If you plan to spend a lot of time on that sofa (like maybe two weeks in March?), you need the perfect place to sink right down and settle in. Added bonus: The easily wipeable surface means you don't have to worry about spills and stains when things get a little rowdy in overtime.

The Drinks

Having a fridge nearby – full size or mini – is always a good idea. It'll spare you from too many trips to the kitchen, causing you to miss out on all the excitement. Installing an elevated bar area with stools behind the couch is another popular option. Not only will it keep your beverages and snacks close at hand, it also means everyone has an awesome seat – squarely in front of the screen.

The Bar

If you're ready to level up and recreate your favorite sports bar in your basement or garage, then having an actual bar is a necessity. This can be as simple or as extravagant as you want, from a $200 bar unit on Amazon to a custom DIY project and everything in between.

The Décor

Although this feature has the final spot in this list of top tips, it's still pretty crucial. You want the room to feel like a rec room. So gather all your sports memorabilia – framed jerseys, pennants, autographed balls, heck, even a bobblehead will do – to give it the right atmosphere.

Now all you need is food and friends. Let the madness begin!

What to Consider When Buying a Home to Renovate

Have you ever binge watched home renovation shows on HGTV and thought to yourself "I could do that!" I want to know who has seriously considered buying a home to renovate because if you're even considering making a real estate investment like this, whether flipping a home for a quick profit or renovating a home to live in for a few years, you'll want to keep listening to make sure you know the most important thing to consider!

If you're the King or Queen of DIY, have an eye for hidden potential and want to invest your hard earned money into real estate so you can turn it into even more money, buying a home to renovate could be a really great option for you! But first, let's talk about the #1 thing you need to consider before making your move!

LOCATION LOCATION LOCATION

It probably doesn't come as any surprise that location is what you should consider when buying a home to renovate because isn't that the case with any house? It's all about the location! But let us tell you why, in particular, it's important to pay attention to this. You don't want to over-renovate for the area you're buying in. You could buy a home that needs some TLC and make it absolutely beautiful BUT if all of the other homes in the neighborhood are valued at a price significantly less than what you're thinking, it'll be really tough to sell for the amount you want. 

So how do you know what to look for to find the right location?

1. You'll want to look in areas where homes aren't super cookie cutter. Think neighborhoods with a wider range of styles, sizes and price points. 
2. Study the area and what types of finishes the other homes have. You might want to rethink installing high end hardwood flooring throughout the entire house if most of the neighboring homes have laminate and carpet. Same goes for any higher end features. 
3. Start with the basics and make sure the home you buy to renovate makes sense for the renovations you want to complete.
4. Keep an overall location in mind as well. If you buy a home at a great price and flip the inside so it looks like it's straight out of a page of Crate & Barrel catalog BUT it's on a really busy road and barely has a yard, you'll be hard pressed to get the money back that you put into renovations with this as well. 

If you're thinking of looking for a home to renovate, so your homework! For even more peace of mind that you're making a smart investment, make sure you find a real estate agent to work with who can walk you through everything you should watch out for - from red flags to home inspection negotiations. You won't want to buy an investment property alone.

How To Get Your Home 'Show Ready' in 15 Minutes or Less

Have you ever cleaned your house from top to bottom and thought - looks great, now no one touch anything!! When you're selling your house, this couldn't be more true. So whether you're going to be selling soon, your house is already for sale or you have in-laws who give you a 15 minute warning before stopping over, we want to share our best hacks for getting your house "show ready" in under 15 minutes.

1. Have a Last Minute Basket: Have one laundry basket that you dedicate for a speed clean up. Use it to throw in scattered toys, magazine, a sweatshirt hanging on the chair, and any little things laying around that you want out of sight but don't have time to put away quickly. 
2. Fluff the Couch Pillows: If your spouse or dogs like to bunch up the pillows, you'll want to make sure they're nice and fluffed before the buyers arrive!
3. Light a Candle: Have a candle out on the kitchen counter that is ready to be lit when you have a showing. 
4. Turn on Every Light and Open All the Blinds: We are talking ALL the lights! Exterior lights, table lamps, and accent lighting - the brighter the better.
5. Clear off the Counters: The countertops should be cleared of clutter from a bridal shower invite to the Crate&Barrel catalog you still want to look through. The only things that should be out on the countertops are 1-2 small appliances, such as the coffee maker.
6. Invest in a Big Decorative Basket or Storage Ottoman for Blankets: So many of us use blankets when we are lounging in front of the TV. Keep a nice big basket next to the couch you can quickly throw your blankets in so they're not sprawled across the couch. 
7. Close the Toilet Seats: Pretty self explanatory, but please do not forget to do this. 
8. Set Alexa to Play Some Nice Background Music: This is a multi-tasking item! While you're fluffing the couch pillows, you can tell Alexa what to turn on. If you don't have an Alexa, we suggest turning on some tunes.
9. Hide Your Pet's Dishes and Grab the Pets: Even pet lovers don't like to see signs of pets when they're looking at a home they're thinking of buying. So take the dog bowls and toys with you (you can throw them in the special laundry basket).
10. Keep a Package of Cleaning Wipes in Your Bathroom and Kitchen: Do a quick wipe down of the countertops so they're sparkling and clean! No one wants to see a dirty kitchen or bathroom!

And there you have it! Your house will be ready for buyers in no time! 

DIFFERENT TYPE OF MARKET

By Brad Gosslee, President, Coldwell Banker Gosslee

"I've been in real estate for a long time and cannot remember a market like this."

That was how I started my blog last February. Back then we had record demand, an all-time low supply of homes on the market and prices that were rising to record highs.

Today's market is very different, but I must repeat myself. I've been in real estate for a long time and cannot remember a market like this.

But I say this for a different reason as we are not following the patterns of a normal market correction. In a traditional shifting market, we see a slowdown of activity which leads to an increased supply of homes and stabilization of home prices. But this isn't the case today.

Yes, we've had a slowdown in home sales. But our inventory levels – even though they are rising – are still not enough to meet demand. And that has kept price appreciation higher than we traditionally see. Today's market is not like others we have experienced before.

As we get ready for the 2023 Spring housing market, here is a more detailed look at where things currently stand:

Home sales

Wow! Things have changed drastically. Through the midway point of 2022, real estate sales were at near record levels. But we have now flipped in the complete opposite direction to near record lows.

While January is always the slowest sales month of the year, there were only 226 last month combined in Caddo, Bossier and Desoto Parishes. This was 39% lower than last year's 368 January sales when we were still in the midst of the frenzied market. And we were also way off the five year January average of 314 sales.

The largest reason for the reduction in sales has been the increase in mortgage rates. The National Association of Realtors' Existing Home Sales report, which was released on Tuesday, shared that the national average for a 30-year fixed-rate mortgage was 6.32% last week. It was 3.92% at this time a year ago. This rise in rates and subsequent increase in monthly payments has unfortunately "priced out" a large swath of potential buyers.

This is likely why there were only 53 sales of homes under $100,000, off 33% from last year, and just 55 sales between $100,000-$200,000. This was off 56% from last January's 124 sales. Without buyers at these levels, we would have fewer "move up" buyers causing a ripple effect as we move up in price ranges. January marked the first time since mortgage rates began rising that the top of the market recorded negative sales figures over a year ago.

Our sales slowdown was similar to what is occurring nationally where the sales rate  was down 36.9% over last January. A year ago, sales were at a blistering 6.34 million pace. One last note, nationally, the U.S. ended the year with 5.03 million home sales, the lowest since we came out of the Great Recession in 2014.

This month's first chart shows sales in each local Parish compared to last year:

Pace of Sales

If you have been reading these monthly blogs, you know that Days on Market has been at all-time low levels which had dropped to just seven days in June! Yup, it was taking one week for a home to be sold! Today we are returning to a bit more normalcy at 30 days (nationally its 33 days), largely because with fewer buyers sales, we are not seeing multiple bids and therefore a slower pace in making an offer.

Here is another great national stat that shows how much things have changed. Midway through 2022, 88% of all homes sold in the U.S. were off the market in 30 days or less. Today that figure stands at 54%.

Inventory

Things were really dire back in April 2022 when we hit an all-time low of just 667 available homes for sale. By October, we jumped to 1,072 and today stand at 912. As the below chart shows, at this time in 2019, we had more than 2,000 homes for sale.

This means a buyer today has less than half of the choice they had just four years ago.

Here is why we are likely not seeing enough homes come on the market:

• During the pandemic, for quite a few reasons, interest rates dropped to all-time lows. This led to a refinancing boom and so many were able to get rates in the low 2% ranges. If they don't have a need to sell their home today, they naturally don't have a large incentive to give up that mortgage. Remember, your mortgage rate doesn't travel with you to the next home.
• So many others, because of low rates, were able to take advantage of their equity and "move up" or "downsize". Many in this group adjusted their timeline for such a move and are now well situated. They don't need to sell again.
• We had so many also take advantage of the low rates to purchase their first home. They are also not ready to sell yet.

Those who are selling today are doing so because of traditional life events including growing families, a desire to have their kids in better school districts, a job promotion or new job which allows for greater income and ability to move closer to work, friends and family or a desire to upgrade to a home with new amenities. These are largely the reasons as to why 463 homes came on the market in January. But we still need more.

NAR reports there are currently only 980,000 homes on the market in the entire U.S. The good news is we are up 15.3% nationally over last January. It's great to see that our local levels improved by 24%

This next chart shows the supply of homes on the market locally, along with the monthly supply. We are still exceedingly low overall at just 2.2 months, which is dramatically lower than the 2.9 months seen nationally.

Prices

Nationally home prices were up 1.3% over last January to a median price (the middle of all homes sold) to $359,000. Locally, our median price was $209,050, which was up 15% over last January. Our average price, which many believe is a better barometer, is $216,998, up 8% from a year ago.

Lawrence Yun, the Chief Economist for NAR said, ""Home sales are bottoming out. Prices vary depending on a market's affordability, with lower-priced regions witnessing modest growth and more expensive regions experiencing declines."

We are one of the lower-priced regions as our median home is about $150,000 less than the national mark.

But in a place like Boise, Idaho, where prices exploded during the pandemic, they are off about 3.5% year-over-year. But they saw their median price go from about $400,000 in April 2020 to more than $700,000 last March. That pace was unsustainable. But clearly, giving back 3.5% of a meteoric rise doesn't mean buyers are getting a home on the cheap.

And that brings me to one of the most important messages we continue to have for buyers. Yes, we understand prices are high, but I've yet to meet anyone in the real estate industry who believes that we will return to pre-pandemic levels. What we do expect is for the rate of increase to slow. That still means our $210,000 will likely be more next year.

But if sales are lower and inventory is rising, how can prices still rise?

It's not a mystical creation. Instead, it's because our inventory levels had dropped so low that even moderate increases are not enough to meet demand. Remember, we are still more than 1,000 homes short of where we were in 2019! And we still have buyers!

What is therefore occurring is that these buyers, while they can take a bit more time to make a decision with less competition, don't have a lot of choice. Therefore, sellers remain in the driver's seat.

Many, including our friends at Fairway Mortgage, are also projecting that interest rates will begin to drop by midyear. If this does occur, that will bring more potential buyers back into the market and likely strengthen price gains.

Here is how our market compares to the national scene:

As I wrap up this blog, I want to reiterate how important it is for EVERY potential buyer, including first-time buyers, and seller to make an appointment for a free consultation with one of our agents.

We take great pride in being a valuable resource and that is one of the reasons why we have been the number-one company in Northwest Louisiana every year for three-straight decades. Our agents are highly trained, they are full-time and know our market inside-and-out. They are also incredibly caring and want to help.

And while you can spend hours researching online, it's likely only going to confuse you more. Instead, I urge you to get your questions answered even if you aren't quite ready to enter the market.

If you want to get even more insight, you can click here to get our Coldwell Banker Gosslee January 2023 Monthly Market Report.

Please reach out to one of our agents or feel free to reach out to me at bgosslee@cbgosslee.com.

If you're thinking of selling your home in 2023, you're going to want to read our 3 part plan to creating the most demand when listing your home for sale. More demand means more money in your pocket. 

Let's get started!

Part 1: Focus on selling a lifestyle

You're not just selling a home, you're selling a lifestyle! This means you'll want to think beyond square footage and room sizes and determine how to highlight the features of your home that will show the lifestyle someone will have if they live there. 

Ask yourself questions, such as what feature did you love most about your home when you bought it and which room do you spend the most time in. Share these answers with your Real Estate Agent so that they can market a lifestyle, not just a house!

Part 2: Stage to sell

Staging your home for sale is crucial to attracting the most buyers and generating the most interest in your home when it's for sale. Depersonalize and declutter so that potential buyers can more easily picture themselves living in the home rather than feeling like they're in someone else's home. 

Make sure to appeal to today's buyers. Talk with your Real Estate Agent about what updates or small changes will make the biggest impact to attract what buyers are looking for these days. 

Part 3: Have a pricing strategy

If you want to attract the most buyers as soon as that for sale sign goes up, it is important that you have a pricing strategy in place. 

Many sellers believe they should list their home slightly higher than what they hope to sell it for, but the problem is that doing this will only hurt your chance at attracting the most buyers. The problem is that it will decrease the number of interested buyers right when you list, could increase the length of time your home sits on the market and ultimately, decrease your sale price (less money in your pocket)!

What you feel your home is worth on paper might not necessarily match what the market is saying your home is worth. The current market and the buyers are who will ultimately determine the value of your home. Make sure you're being realistic!

These steps are crucial, so we hope that you remember them when you are preparing your home for sale. And, if you are looking for an experienced agent to help you, reach out to us today! 

Making Every Open House Count

There's never been more ways for motivated homebuyers to view properties, but no matter how efficient or convenient virtual property tours can be, nothing beats seeing a home in person. Open houses are the perfect opportunity to learn vital details about a home that will help you narrow your property search. Here are a few savvy tips for making the most your open house tour.

Get Pre-Approved

If you're serious about buying, then getting pre-approved for a mortgage will save you time and help streamline your open house process, so you only tour homes that are in your budget.

Know What to Avoid

Before heading into an open house, research common home issues in your area so you're able to watch for potential problems. Beware of interior red flags such as water stains, leaks beneath sinks, cracks in the ceilings or walls, uneven floors and evidence of mold or pests. On the exterior, check if the roof has any missing tiles and for any damage to outer walls. Speak to your agent, home inspector or local contractors to learn more about what to avoid.

 Ask Plenty of Questions

Be sure to ask the listing agent questions during the open house. They will be privy to any relevant details about the home that may not be noticeable. Depending on the state you're in, you should also obtain a property disclosure on the home (they're not required in every state), as it will have important information about the condition of the roof, age of systems, any known plumbing issues and more.

Have Your Poker Face Ready

Learn as much as you can at each open house but remain non-committal with the listing agent and avoid sharing any details about your home search or budget. At this stage, appearing too eager and disclosing those details can put you at a major disadvantage, especially if you wind up in negotiations with that listing agent. Likewise, it's best to avoid discussing the home with your fellow attendees until after you've left the viewing.

Make A Good Impression

When visiting open houses, you'll find there are typically requests from the owners, such as removing your shoes and not taking photos or videos. Always respect the rules, as it's in your best interest to make a positive impression with the listing agent, especially if you're serious about making an offer on the home. Be memorable by introducing yourself and making a genuine effort to learn about the property.

Find the Right Agent

When you're ready to buy, it's advantageous to find an agent that will represent your best interests. Do your homework before committing to an agent. Be sure to read their bio and client testimonials for a better look at their service and personality. The right agent will have invaluable insights to share and make the process more seamless.

While being mindful of these tips, remember to relax and enjoy the experience. You can use whatever you learn as a means of getting closer to the home of your dreams.

Curb Appeal: A Fresh Facade Makes a Statement

Maybe your perfect house was "new" a few years ago and it's time for a refresh, or perhaps you're just ready to mix things up a bit. Whatever your motivation for a mini home makeover, it's always smart to begin by focusing on the facade. Go beyond a fancy mailbox or a seasonal wreath and check out these signature upgrades for considerable curb appeal.

It's the Little Things

Maintaining the strongest and most attractive qualities of your home should be a priority. So before making any major alterations, take a good look at your front yard, walkway and facade, and figure out what could use some reimagination. Are the doorknobs losing their sheen? Could your off-white front door use a boldly hued coat of paint? And there's no need to stop there – adding a graphic rug, piece of cozy porch furniture or tasteful planters are simple yet surprisingly effective ways to alter the front yard vibe.

Add a Splash of Color

Speaking of greenery, a quick online search of gorgeous home exteriors almost always includes those with pert and perfect plant life. Dressing your home with its own corsage is a simple and often lasting way to beautify it. You don't need a botanical wonderland like the gardening enthusiast down the street, but manicured landscaping can make all the difference. Spruce things up by planting shrubs and perennials instead of annuals and zone-picky florals. Select bushes that will fill empty spaces, trees that will accent your home's peaks and native flowers that will add a dash of pizazz.

It'll Be Worth It

Now for the big stuff. Even if you ignore all the above and prefer a more minimalist landscape design, maintaining a clean, presentable front is of utmost importance and ensures your home will always be a welcome sight. If you're short on time, consider hiring a landscaper for routine lawn and yard maintenance. You can also make the exterior more enticing by pressure-washing the driveway, front walk and patio, using either a professional service or buying or renting a power washer. Your brick, wood or stone will thank you.

Let It Shine

Why not highlight your home's new style with landscape lighting? Check your local home improvement store for street posts, mountable lamps, and garden or walkway lights. While abundant lighting is the natural answer to nighttime, don't overdo it – you don't want to rival your hometown stadium, do you? Depending on the size, prices range from $10 per item and up, so do your research to find a great outdoor lighting business near you, or get into the DIY mood to set up your home for a show at dusk.

Making small updates and investments will ensure your home looks, feels and is well taken care of. Go ahead and use these tips, and if you continue to challenge yourself to improve your home's first excellent impression, your neighbors may feel challenged to match it!

10 Common Home-Selling Mistakes

If you're considering selling your home, you may believe it's an easier process than buying a house. While being on this end of the transaction does have its advantages, homeowners should be aware that it's easy to make costly errors. When you're ready to begin the process of selling your home, try to avoid these common mistakes.

1. Get Too Emotionally Invested
   Even when emptied, your home is still full of wonderful memories. It's easy to remain emotionally invested in your home, and thus, let these emotions drive your actions during the sale. Always remember that you must remain professional at all times when selling your home.
2. Over Pricing Your Home
   Because you care for your home so deeply, you'll likely overvalue its worth. While you do want to sell for the highest amount possible, overpricing it can turn away buyers and leave you losing money in the long run. Be sure to price is strategically in regards to its appraisal price and prices on comparable homes in the immediate area.
3. Selling Your Home When You're Upside Down on Your Mortgage
   Unless you're in a situation that requires you to quickly sell your home, it's ill-advised to sell your property when it's decreased in value. You should always try to at least break even when selling your home.
4. Taking Poor Photography
   The importance of high-quality photography and videography cannot be understated. With so many buyers shopping online, their first impression from the listing will be one of the main factors that influence their decision to walk your home. Make sure you invest in high-quality photography and videography for your listing and showcase your home beautifully.
5. Not Staging It to Sell
   Whether you're ready to begin photographing the space for your listing or welcoming prospective buyers in for a tour, your home must be presentable. It should be thoroughly cleaned, staged, decluttered and depersonalized. Dusty corners, empty rooms, cluttered closets, and family photos can all turn away prospective buyers.
6. Failing to Disclose Important Issues
   Selling your home is a legal transaction which is why it's vital that you're honest and transparent throughout. You must disclose all major (and many minor) issues with the home. This includes renovations, repairs, and any damages throughout your ownership of the property. It's better to be upfront about issues like repaired water damage and lose a potential buyer than to hide an issue and encounter legal troubles.
7. Not Anticipating Selling Costs
   The goal of selling your home is to make money, but you must keep in mind that selling your home does include various costs. Photography, staging, agent commissions, repairs, moving expenses, and closing costs are just some of the many expenses that sellers must pay.
8. Mishandling Multiple Offers
   If you're lucky enough to receive multiple offers, you must know how to handle them maturely and responsibly. Regard each as a potential selection and investigate the legitimacy of each. Weigh the pros and cons of the full loan; sometimes the "lower" offer may actually be more profitable in the long-term.
9. Not Using a Real Estate Agent
   One of the biggest mistakes homeowners make when selling their home is to think that they can do it alone. These transactions can be quite complex and attempting to handle everything on your own could actually cost you thousands more than necessary.
10. Selling Your Home When You're Not Ready
    Perhaps the worst mistake that you can make is selling your home when you're not ready. If there's any hesitation or uncertainty, speak with a real estate agent. They'll help you objectively determine if now is the right time.

Real estate transactions can be complex and mistakes can be easily made when selling your home. Thankfully, these pitfalls can be avoided with a little forethought and help from a real estate professional.

Does Your Water Heater Need Replacing?

It's all too easy to forget just how essential hot water is to everyday life, at least until it's not there when you need it. Bathing, cleaning, and cooking are all dependent on your water supply, and when your water heater goes, it will likely be at a most inconvenient time. One of the best ways to avoid such a crisis is to recognize the signs that go along with a failing water heater. A simple but important part of your home's maintenance, making sure your water heater is functioning correctly and knowing when it's time for a replacement is easy if you know how to spot potential problems.

• Leaks
  Home improvement experts know that one sure sign of a faulty water heater is visible leakage. If you notice water in the floor around the base of your water heater, it could be leaking. More than one reason will cause leaks; however,  the bottom line is that the appliance may need replacing.
• Your Hot Water Isn't Exactly Hot
  If you notice the water coming from your hot water faucet is colder than usual, the issue may be with your water heater. The burner or element could be damaged from sediment or mineral deposits that build up over time inside the appliance.
• Overheating
  A water heater that overheats your water or throws the breaker could mean trouble. Get a professional to inspect your water heater to determine if it needs to be replaced. Putting in a new water heater before your current one fails is not only smart, but it could save you frustration and further problems down the road. Having a new water heater installed is a relatively simple home improvement project, and many newer appliances offer energy saving features previously unavailable.
• Visible Rust
  If you can see rust on the outside of your water heater, the chances are that it won't be long until it begins leaking if it hasn't already. Appliances may stand the test of time for a while, but none of them last forever. Once you detect rust on your water heater, it's just a matter of time until you'll need a replacement, and investing in a new water heater may prevent more significant problems and inconveniences for you and your family.

Whether you are a do-it-yourself type when it comes to home improvement projects or prefer to leave it to the pros, it's smart to check the condition and performance of your water heater on a regular basis. Preventing a hot water crisis in your home is a simple matter of being proactive.

Selling A Home? Don't Bother To Fix These Things

Most guides to selling a house will tell you all about the things that you do need to fix or upgrade, and for good reason. There are some things that every buyer will look for, and you don't want to fall short in those areas. However, there are also plenty of renovations and fixes that you don't need to worry about. Whether an item is simply not a priority for buyers or the cost of an upgrade doesn't match the expected return, it's a good idea to know what not to fix.

Selling A Home? Save Money And Effort By Skipping Unnecessary Fixes And Upgrades

The big thing to remember with upgrades is that the more you spend on a project, the bigger your risk if the taste of your buyer doesn't match your own taste. That rules out most major renovations unless the room is in such rough shape that it needs an upgrade for the home to sell.

• Major Bathroom Renovations
  There's no doubt that buyers tend to look at kitchens and bathrooms first, but that doesn't mean you have to shell out big bucks for a full bathroom renovation. A full renovation is an expensive prospect, and the return just isn't enough to justify the cost. Many buyers even look forward to renovating key areas themselves when they move in, and the last thing you want is to invest in a major renovation that doesn't fit the buyer's taste.
  
  
• A Brand New Kitchen
  Just as with bathrooms, making major upgrades to your kitchen is a big risk because you don't know if the buyer's taste will match your own. Rather than diving into big, costly projects, focus on making necessary fixes or small upgrades to kitchens and bathrooms for a better return on your investment. That way, your new buyer can spend their own money picking out cabinets, countertops, and anything else they desire.
  
  
• Painting in Bold Colors
  While it's a good idea to touch up paint or even apply a fresh coat, you'll probably want to skip the bright, bold colors in favor of something tamer. You want buyers to be able to imagine their lives in your home, and that may be hard to do if the walls are painted neon green. Trends come and go, so stick with classic colors.
  
  
• Upgrades That Don't Fit Your Neighborhood
  It's important to consider what other homes in the neighborhood have to offer because you don't want to upgrade the home to the point where your list price will be too expensive for the neighborhood where the home is located. Unless you're competing with upscale homes in an affluent neighborhood, too many bells and whistles may actually be a negative for buyers who are shopping on a budget.
  
  
• Upscale Outdoor Patios
  Yes, many buyers will love having a nice patio in their backyard where they can host parties and enjoy the outdoors. But an upscale outdoor patio often costs more to install than you'll be able to recoup from your eventual buyer. This is another area where the buyer's taste might not match your own. Even if they do want a patio it's best to let them handle the job themselves.

If you have any questions about which fixes to prioritize, which to skip, and what matters most to buyers in your market, then your real estate agent should be your number-one source for advice. Working closely with your agent will help you focus your effort where it's most needed and simplify the process of selling your next home.

Buyers Will Text

There are countless reasons that buyers choose one home or another, but one thing is guaranteed: the final decision comes down to emotion. When selling your home, it's essential to do everything you can to help prospective buyers love the property and "see themselves" there.

Even if they are looking at many other properties, the one that resonates with them on a deeper level is the one most likely to finally close the deal. Luckily, you don't have to be a mind-reader to be successful in selling your home. With a few basic "best practices," you'll find yourself with big advantages in the market.

• Get Excited About Staging
  Staging is one of the most valuable advantages anyone can have for positioning a home to move. A well-staged house sells up to 88% faster than one that has only been tidied up. Although in-person staging is worth it, there's a low-cost alternative — virtual staging — that produces a similar effect using enhanced photographs of a home's interior.
  
  
• Dive into Curb Appeal
  Aside from location (location, location!), curb appeal is the most potent asset you can have on your side. It forms the first impression that would-be buyers will carry with them all throughout the process. Luckily, there are fast and relatively easy ways to do it: Power-washing exterior walls, a fresh coat of paint on walls and doors, and a little bit of landscaping.
  
  
• Let There Be Light
  Light conveys an instant subconscious message. If buyers visit a space that seems too dark, they will imagine it as cramped, dreary, and smaller than it is. In advance of photography or any open house, replace your current light bulbs with more luminous ones. Don't be afraid to add lamps and fixtures throughout a home — and make full use of natural light where you have it.
  
  
• Look into Energy Efficiency
  Energy-efficient fixtures, appliances, and temperature control systems are attractive to buyers since they lower a home's total cost of ownership. Electricity is one of the biggest household bills, so showing that yours is lower than the neighborhood norm will help your property stand out. A professional energy audit can provide concrete proof of the benefits.
  
  
• Drum Up Buzz
  A lot of old-fashioned real estate marketing has gone out the window in the last few years. Still, there are creative ways to combine today's online marketing with other clever projects. Just to give one example, consider holding a garage sale as you're ramping up to put a home on the market. Not only will you declutter (helping your staging), but you may meet potential buyers.
  
  
• Spend Time in the Kitchen
  Selling your home becomes a lot simpler if you have a sleek, modern kitchen to show off. Open-plan kitchens are growing popular, but just about any layout can be compelling if you invest in new appliances. A matching set of appliances might cost as little as a few hundred dollars, but it will take a big worry off the minds of your prospective buyers.
  
  
• Clean and Declutter
  Getting items off the floor is one thing, but your best bet is to empty out the closets as best you can by moving items into storage. When closets are at least 50% empty, they look a lot more spacious. As for cleaning, it's a good idea to go the extra mile. For example, steam clean carpets, drapes, and upholstery, especially if you have pets.

Once buyers start telling their friends about a home, they are all but committed. These tips will help you unleash the "wow factor" and get those texts flying faster.

Buy A Home With No Money Down

Would you believe us if we told you that you can buy a home with no money down? It's true!

Here are some first-time homebuyer programs to know about.

1) FHA Loans:

Backed by the Federal Housing Administration (FHA), these loans are a popular option for first-time buyers. Why? Think low down payment options and flexible and income requirements.

2) VA Loans

These loans are available to eligible military members and veterans and offer competitive interest rates with zero down payment.

3) USDA Loans

Available to homebuyers in rural areas, USDA loans offer low (or no) down payment options, flexible credit requirements, and the option to finance repairs and closing costs into the loan.

4) State and Local Programs

Many states and localities offer homebuyer assistance programs, such as down payment assistance, grants, and tax credits. Ask your lender about local programs for first-time homebuyers. 

5) Homebuyer Education Courses: Some programs require first-time homebuyers to complete a homebuyer education course, which can help them understand the process and prepare them for homeownership. It may seem like a drag, but the more you know, the smoother it'll go!

If you're thinking of buying this year, take a deep breath and start exploring your options - homeownership is within reach. Don't forget, our experienced agents will be here when you are ready to take the leap!

3 Tips to Boost Your Curb Appeal

Gentle reminder today that curb appeal makes all the difference when selling your home. Buyers are super savvy these days and they are driving the neighborhoods and checking out your curb appeal before they ever reach out to their agent for a showing. If your curb isn't appealing, they are less likely to want to see what's inside. So...let's talk about it!

You know the curb appeal trifecta: mulch, seasonal color, and a pressure-sprayed driveway. But you're gonna need to add these three if you want to level up your outdoor game:

1) Illuminate walkways.

Would-be buyers are sure to do a nighttime drive-by (trust me, they will). Ambient outdoor lighting will have them oohing and ahhing. (Quick tip: Solar lights make this a cinch.)

2) Update porch lights.

Replace crooked, outdated, or rusty porch lights with something fresh and modern. Your local home improvement store and a couple of hours are all you need. 

3) Add seating with outdoor throw pillows.

Everyone dreams of a breezy afternoon in the yard, sipping a cold glass of lemonade. Add seating to give buyers an exact place to do just that. Have a showing? Add a pitcher and glasses to your front porch set up to really give them the feel of what it's like to live in your home!

Now...Time to get to it! 

Thinking of buying or selling this year? Reach out to us today! Our agents will be happy to help you with your real estate goals!

Man Caves and She Sheds ... Home Improvement Treasures

Deciding on how to best utilize a home improvement budget is never an easy job, and even less so when one is determined to have a man cave and the other has her heart set on building a she shed. Both projects have the potential to add character and comfort to your home, but don't underestimate the importance of understanding how each could affect your home's value and appeal in the future. No matter which project you ultimately decide on, be certain to make it a fun and creative endeavor.

Man Cave Madness

Man caves have been very popular over the past several years. It has been fairly common for men to have their own space to use as a personal retreat.  Sometimes the space comes in the form of a study or library and sometimes as a well-appointed shed in the backyard. Many modern-day man caves incorporate sports themes and hobbies and tend to be much more casual in their styling. You may be considering the basement, attic or even the garage for a man cave renovation, to provide a little distance from what's going on in the rest of your home. In many cases, a man cave may not add to the value of your home, as you may be simply redecorating the room and adding electronics. However, if you are altering the structure to accommodate the remodel, it's wise to assess whether any changes will negatively impact the home's future value and attractiveness to potential buyers should you decide to sell. 

She Shed Fever

Most women rarely have a space of their own to use as a private getaway, especially if they have children at home. It's hard to put a true value on a content wife, although it's been said that a happy wife equals a happy life. She sheds are rapidly gaining popularity among homeowners, and the idea gives birth to an entire range of creativity in building and decorating a special place just for her.

A she shed can actually add value to your home in that it's a separate structure, and if crafted and decorated in a way that complements your property, can become quite the attractive feature to visitors, prospective future buyers, and of course to you! Decide how you want your she shed to look and feel, and begin by deciding on its architectural design. Depending on your home and landscaping, you might choose to build a mini cottage or cabin or opt for something more modern and open. You'll want the space to reflect your tastes and personality, so put some thought into how you will furnish and decorate your personal retreat.

If you plan on using your she shed for a hobby in addition to relaxing, be sure to consider how much space you will need and how best to store any necessary tools and supplies. Consult with a builder or designer to get your project going, and be sure to clearly explain your vision for the space. The most important factor in creating your she shed is to make it a place that you will enjoy using and that it is comforting and inviting to you.

Whether you decide on a man cave or a she shed, make it a part of your home that will be not only utilized but treasured!

How Credit Scores Impact Your Interest Rate

There's no doubt that a strong credit score makes it easier to secure a mortgage with favorable terms when buying a house. The higher your credit score, the lower you can expect your interest rates to be, which can translate to significant savings over the life of your loan. A damaged credit score, on the other hand, can lead to higher interest rates, and make it difficult to qualify for certain types of loans without repairing credit first. Understanding how credit scores impact your interest rate is an important step in securing a mortgage for your next home.

• Risk-Based Pricing Highlights Importance of Credit Scores
  The mortgage industry is largely based on risk-based pricing, which means that the cost of your loan goes up based on your level of credit risk based on the lender's calculations. Credit scores range from 300 to 850, and to qualify for a conventional mortgage you'll typically need a score of at least 620. Where your score lands between 620 and 850 has a big impact on your interest rate, so it's worth keeping your credit history as clean as possible.
• What's a "Good" Credit Score and How Do You Learn Yours?
  While standards vary between lenders, most agree that a "good" credit score checks in at 670 or above. Unsure of your credit score? You can request a free copy of your credit report once per year, allowing you to see your three major credit scores. After the first annual report for each bureau, additional reports in the same year require a fee. HUD-approved housing counselors can also provide you with a free report, and help you review it.
• How Lenders Use Credit Scores to Calculate Interest Rates
  Higher credit scores lead to lower interest rates, and lower credit scores lead to higher interest rates. A higher score increases the lender's confidence that you'll make payments on time, while a lower score presents increased risk to the lender. The difference between a 620 and 750 credit score could lead to a half-percent increase in rate, which may not sound like much but ultimately makes a big difference.
• A Small Change in Rates Makes a Big Difference Over Time
  Even a change of half a percent in your mortgage rate can ultimately make a major impact over the life of your loan, and the potential exists for even larger gaps in interest rates based on credit score. That half-percent difference, over the life of a 30-year mortgage, could add more than $20,000 to the total cost of the loan.
• How to Repair a Damaged Credit Score
  If your credit score could use some work, the ideal time to start is before you start shopping for a loan. Make all payments on time, resolve old debts, and review your credit report to look for inaccuracies. If there are inaccuracies in your report, resolve them with the relevant credit agency.
• Protecting a Strong Credit Score Before Buying a House
  If your credit is already in great shape, make sure you don't do anything to lower it before shopping for a mortgage. That means it's best to put off big purchases and new lines of credit until after you're done buying a house.

While your credit score impacts many facets of the mortgage process, the biggest key is in how it affects your interest rates. A higher credit score ultimately means lower interest rates, and that's a big win financially long-term when buying a house. Even if your credit has seen better days, there's plenty you can do to get your score in shape before pursuing a mortgage.

Kitchens Sell Houses

The kitchen is the heart of a home. This is where meals are made, families eat together, and all the hustle and bustle of the holidays happens. So it may come as no surprise that the kitchen is one of the top places to update when selling your home.

When you update your kitchen, you'll get more of your investment back when you sell the home. On average, sellers get back 70 or 80 percent of the cost of the updates. The updates you choose do matter, though, so here are a few things to focus on.

1. Paint
   There's no better way to brighten your kitchen than a fresh coat of paint. Stick to light neutral shades to keep the kitchen bright and leave room for buyers to envision their own color schemes and decor. Think beyond white to shades of cream, beige, and tan. If your cabinets are in good condition, a few coats of paint and a change of hardware can give them a whole new look.
   
   
2. Cabinetry
   Nothing makes a kitchen look dated faster than old cabinetry. If the cabinets aren't in good enough condition to be repainted, you can give them a major facelift by refacing them. Completely new cabinetry should be a last resort, as the added expense may not be reflected in the returns.
   
   
3. Appliances
   One of the top things to update when selling your home is your kitchen appliances. A full set of new, matching appliances is a strong selling point in any home. Opt for something neutral--stainless steel is always popular with buyers. Energy Star appliances can turn some heads, especially with younger buyers, who tend to be more energy conscious.
   
   
4. Granite
   Granite is another kitchen upgrade that you're likely to see a high return on when selling your home. Buyers love seeing granite countertops. You don't necessarily need to upgrade with the most expensive options. You can always opt for something that looks similar to granite, like quartz with a granite pattern.
   
   
5. Flooring
   Think of your kitchen floor as setting the stage for impressing potential buyers. Drab or dated flooring can detract from any other updates you might make in the kitchen. Budget permitting, install high-quality flooring that will turn people's heads, like attractive, high-quality tile. Want to make your kitchen look bigger? Set the tile on the diagonal to create a space-stretching optical illusion. Hardwood is another favorite with buyers, even in kitchens. If you have hardwood underneath your linoleum, consider uncovering it and having it refinished.
   

Make a Strong Impression

The kitchen is possibly your best chance to impress potential buyers, not to mention one of the few areas of your home where your investment gets the biggest return. Even so, you'll want to do it right for maximum impact. While updating these five areas, make sure you're staying true to your home's character, architecture, and neighborhood. If you need help deciding what updates to make, your real estate agent can help guide your decisions.

THE REPORT IS FOR YOU

By Brad Gosslee, President, Coldwell Banker Gosslee

I love writing this monthly blog and our Coldwell Banker Gosslee Monthly Market Report. I'm a numbers guy and therefore enjoy the statistics as they show where things stand in Northwest Louisiana. I also enjoy seeing how we stack up each month to the national numbers from the National Association of Realtors (NAR).

I hope I'm able to help area buyers and sellers get a sense of what drives prices and the opportunities each side may have.

This month, I want to take a different approach. I want to address each group separately. I'll weave in some stats but put the charts at the bottom so you can look at them separately.

Sellers

• Let's start with sellers since they remain in the driver's seat when it comes to negotiations. That's because we still have a major shortage of available homes.

We are seeing this lack of inventory play out across the nation. Northwest Louisiana happens to have an even tighter supply than what NAR reports nationally. Even though we ended the year up about 20% in supply, we are still way below the norm. There were a total of 937 homes on the market as we entered 2023 in Caddo, Bossier and Desoto Parishes COMBINED! Four years ago, it was 2,068.

There are several reasons why inventory remains low.

The first is that so many refinanced during the recession and currently hold mortgages with all-time low rates. They don't want to give up that low monthly payment. Additionally, the low rates created a unique opportunity for so many to move earlier than they had originally projected.

• Along with fewer homes coming on the market, those that do are still selling quickly. Sales last month sold in 30 days. While this is not the off-the-charts fast pace of last year's 12 days, it is still incredibly quick.

• Home prices are holding their value. We know this by the "sales price to list ratio." As I've shared previously, this stat shows how effectively agents and their clients are setting a sales price. While the "top of the market" may have peaked and we do not have the same number of multiple bids that drive up prices, sellers are currently getting 97.4% of their list price – in line with traditional norms. This means a home listed at $300,000 would be expected to eventually sell at $292,200.

We ended 2022 with a median price in our three parishes (the middle of all homes sold) of $211,000. Our average price was $234,173. These were up 6% over 2021. This percentage increase did come down as last year progressed (it was still in double-digit annual returns in June).

Sellers should understand that while they are reading about falling home prices in certain parts of the nation, we are not seeing that here. Home prices are still rising. They just aren't doing so at the same pace as they once were. And, even if they do come down, they are doing so off all-time highs.

Therefore, the key word for sellers today is "equity." If you have owned your home for at least three years, you have likely seen your home value rise significantly. In fact, those who bought their home four years ago have likely made at least $50,000!

• While sellers do have the upper hand in negotiating, we are seeing them also being more proactive in attracting buyers. This makes a lot of sense as we are no longer in the "feeding frenzy" where almost every home that went on the market quickly attracted a list of prospective buyers. Therefore, sellers are working with their agent to potentially make upgrades in their home to attract buyers along with agreeing to some types of concessions during the negotiation phases.

• I could go on-and-on about the state of the housing market and, while I recognize the need for a look at the stats, the one piece no data point can share is WHY people are interested in selling their home.

During the recent housing boom, we saw so many able to move up their selling timeline. They may have taken advantage of the work-from-anywhere phenomenon, moved to a larger home in a better school district or near family and friends, decided to move to their retirement destination or other reasons. They likely benefited from all-time high prices and all-time low mortgage rates.

But not everyone was ready, willing or able to make a move at that time. They also may not have had a reason to. But that could change.

Life events almost always trigger why people sell their homes. It could be marriages/second-marriages, children and growing families, school-based decisions, job promotions and new jobs, along with retirement and medical needs.

• To anyone who is thinking about selling, you owe it to yourself to learn what to expect during the process, starting with what your home is worth. We have a great feature on our website ("Home Values" in the search bar) that gives you a broad estimate, but until one of our agents sits down with you and gets into the "nitty-gritty," you won't have a firm handle on pricing. Don't assume that the AVMs (automated valuation model – like our tool or Zillow's Zestimate) understand the day-to-day local market conditions. They don't.

An appointment with one of our agents is also an opportunity to learn. In a more normalized housing market like the one we are in now, selling a home requires a lot of work and decisions including how the home is shown from "curb appeal" to the inside, how it is marketed to reach potential buyers, including the photography, video, promotion and advertising and so much more. That is why our Coldwell Banker Gosslee 10-point marketing plan is critically important.

Don't get "paralysis by analysis." You could be on the web non-stop, and you still won't learn as much as you would in a short conversation with an agent.

Buyers

• OK buyers! It's your turn. Now that you've read how sellers are approaching their process, let's talk about yours. Let's start with the financials. First of all, remember that over the last several years a 30-year-fixed rate mortgage was the norm. Rates were low and you could "lock-in" for the long haul. There was little need to look at other mortgage options. 

That has changed. As I've shared before there are plenty of ways to get the financing you need. This is where talking with one of our agents is a great first step. Not only can they explain the process, but they can connect you to a reputable mortgage professional who can answer your questions.

The mortgage companies - like our partners at Fairway Mortgage – understand the challenges buyers may have today and have developed programs that help make the monthly payments affordable. And, as rates are projected to fall at some point this year and into next year, refinancing is an option.

• Once you understand the mortgage side, now you can begin looking at the "how much house you can afford." This is a crucial step. While our inventory is still low, we have more homes available than even a few months ago. But you may find that prices in one of your favorite neighborhoods have risen out of your price bracket, so you may have to look at others areas. Think of it as trading "price for commute." That means you get the house, but you may have drive a bit further to get to work and other amenities. And you are now in the homeownership game, almost always a better option than renting.

• I want to address the price of homes from a buyer's perspective. Obviously, you want them to come down. But there are a few things to consider. First, there is no indication that home prices will drop to their pre-pandemic levels. Instead, the pace of price increases will likely slow. Over the last several years, Northwest Louisiana saw home prices increase annually by double-digits. This was abnormal for us. Normally prices rise each year by a "Steady Eddie" 2-3%. 

That is where we are likely headed. That means that the homes you are interested in today might be 2-3% more expensive next year. 

So why wait? The biggest reason is to save for a down payment. The more you save, the less you owe. For example, if you were interested in a $240,000 home and saved 10% for a down payment ($24,000), using a 30-year-fixed rate mortgage at 6% and assuming no extra fees, your monthly payment would be $1,295 a month. If you saved 20% ($48,000), you monthly payment would be $1,151 a month. 

Now let's look at waiting a year. The $240,000 home would now be about $245,000. So now, to get to the 10% or 20% down payment goal, you would need to save more. And your monthly payments would be $1,322 or $1,175. 

But here is the rub. If you are renting, you are not gaining equity. If your rent is $1,000 a month (not including utilities and other fees), essentially that $12,000 for the year is gone. If that was going towards a home, you build equity. When you eventually sell your home, you will get what the home is worth at that moment minus what you still owe your lender. 

In our $240,000 example, let's assume it appreciates 3% annually and is now worth about $268,000 in four years. When you sell the home, you would have made $28,800 minus what's left on the mortgage. That's equity. 

• The rising mortgage rates have obviously priced out some potential buyers. This is slowing the pace of the market. Fewer buyers at the lower-end limits the number of "moving-up" sellers, which eventually slows the pace of home sales at the higher end. 

But with less competition, qualified buyers (those with the financial means and pre-approved for a mortgage) are enjoying the ability to have more time to make a decision. That's why our time on market rate has risen from 12 to 30 days. But, as I said, earlier, we still have a lot of buyers who are still looking at a limited supply. 

Most buyers are once again entering the market because of a particular life event - including engagement and marriage along with the reasons I mentioned above. To show you that buyers are still active, realize that there were 5,101 homes sold in our three parishes in 2022. While this was down 15% from red-hot 2021 – and even with mid-year mortgage rates rising – it was the third busiest market EVER! 

• It is therefore so important to know what you "must have" in a home vs. "want to have." That list will be incredibly helpful. 

• Let me close this buyer portion in the same fashion as I did with the sellers. I believe it is critically important to speak to one of our agents before you even fully enter the buying process. They will help you learn what you can afford, how the mortgage process works, what types of homes are currently on the market and at what price point. Our agents are an invaluable resource. 

Finally, we are starting to see more and more open houses. Over the last few years, homes were selling so quickly that open houses were sometimes rare. We have a great tool on our site that shows which open houses are being held each weekend along with where each is located so you can map out your visits. And, when you get there, make sure to talk to our agents. Even if you are only beginning the process, they will be happy to talk and even set up a time to have a lengthier conversation.

I hope this was helpful. Please reach out to one of our agents or feel free to reach out to me at bgosslee@cbgosslee.com.

Here are the charts!

This one shows how we compare with the nation:

This chart indicates the number of 2022 sales in various price brackets. Notice that sales are off our 2021 record pace in almost all sectors except for the higher end. We will likely soon see a shift there too.

Finally, this chart breaks down how many homes are currently on the market broken down by price points. By comparing today to four years ago, you can really grasp how low our inventory is.

Staging Tips That Will Help You Sell This Spring

Whether on television, at an open house or on the pages of a magazine, we've all seen stunningly outfitted estates that deliver a true wow factor – and listing price – that properties without staging just cannot match. Buyers quickly fall in love with homes that have a strong character while wordlessly conveying the lifestyle they would enjoy if they lived there. Before listing your property, consider that proper staging is one of the most important factors in enhancing your home's appeal and most flattering features.

First Things First

 In order to entice potential buyers, you must think outside the box – but to start, examine what needs to be done to get your home in showplace shape. Check under older carpets for lovely hardwood, survey the ceiling for cracks or leaks to seal, consider having the pool or tennis court resurfaced and focus on boosting your curb appeal. Once your home is a clean slate, you are ready to begin.

 Neutral Rules

When using achromatic tones on painted walls and furniture, ensure that the staging pieces do not distract from the form of the home. When staging for luxury, color psychology can signal buyers that they're working with a discerning seller who has elevated the home to its full, indulgent potential.  

In the world of interior design, fashion and luxury vehicles, neutral colors have always made a recognizable statement of power, sophistication and confidence. Once you're prepared to stage your home, you'll want to highlight those qualities with the crème de la crème of design – blacks, grays and whites. 

While buyers will always notice houses with splashy displays, that doesn't necessarily mean they will find them appropriate for their tastes. Staging experts often use furniture, rugs and paint in neutral hues (also consider beige and pale, cool colors) to help buyers overlay their own creations onto the scene and more easily discover the home could be the perfect fit.

Character Is King

Often, a seamless introduction to the home involves pairing décor with architectural personality. Envision how Old-World pillars and stonework are beautifully complemented by gold-framed art and Turkish rugs, and contemporary interiors effortlessly show off leather, wool or velvet furnishings and unique accents as statement pieces. When hiring an interior designer to get the job done, seek out a professional with not only expertise, but also an imaginative mindset.

Now to address spatial issues. For smaller sitting rooms, offices or charming nooks, instead of cluttering the area to make it appear as if much can be done with the layout, take a more minimalist approach to ensue that each individual piece has room to breathe and directs attention to the space itself.

On the other hand, if you have a cavernous room, think about creative ways to section it off and separate it into more manageable areas with rugs or furniture in unique arrangements. The same approach can be applied to unusually shaped rooms.

Attractive Accents

While a visually busy room is an easily avoided faux pas, keep in mind that going completely neutral is not the answer either. In order to strike that oh-so-delicate balance between sensible furnishings and handsome décor, decorate with stylish accents that lend a perfect finish to any lifestyle.

Any artwork on display should be minimal and tasteful, so buyers can easily picture how they will customize the space on their own, and personal items like family pictures, sports memorabilia and other personal items should be stored.

When a buyer enters your front door and explores the home room by room, they'll be thinking about how they will personalize it with their own touches, and how much of a transformation might be needed to get it suited for them. With beautiful furnishings in place and just the right level of flair, they won't have to work very hard to visualize their new life – and that gets them one step closer to making your house their new home.  

6 Steps to Finalize Your Mortgage

Three of our favorite magic words are "clear to close."

One of the last steps in your home purchase before closing day is to finalize your loan. But before we do that, let's back up and review what you can expect from your lender. 

The mortgage process is different for every buyer, but can usually be broken down into the following steps:

1. Pre-Approval: Your lender will run your credit score and pull your credit history to determine a loan amount for which you qualify. This allows you to set an accurate budget while home shopping. 
2. Home Shopping: While house hunting, partner with an agent you trust. National real estate websites aren't always up to date, and don't show 100% of the available inventory on the market. 
3. Mortgage Application: Once you submit an offer and it's accepted, you'll complete a loan application, submit the required documentation and enter the underwriting process. 
4. Loan Processing: Loan processors gather information about the borrower and property, review the application and assemble a package for the underwriter. They'll open the file and get the following wheels in motion.
5. Underwriting: The underwriter is the key decision maker in the loan application process. They will review the borrower's credit history and ability to repay the loan, and then decide to approve or reject the loan. 
6. Clear To Close: Once you get the all-clear, you'll schedule your closing and final walk-through. On closing day, you'll sign a lot of documents to complete your purchase, and the title company will complete the recording and funding of the loan. 

Once you've been pre-approved, and have an accepted offer, the process generally takes anywhere from 30-45 days and involves a thorough evaluation of your credit history, income, assets and documentation.

Once everything is in order and your application has been processed, the mortgage underwriter will approve the loan and your lender will issue a "clear to close." Now, it's time to schedule your closing date. 

In just a few more days, you're going to be a homeowner! 

Rookie Mistakes That Can Bench Your Home Sale

The decision to sell a home isn't one to face lightly. Going through with it means undertaking one of the most complex processes you'll ever undertake. Luckily, the help of a real estate expert simplifies things and makes it a lot less stressful. Still, researching the topic is always a good idea.

The more you know, the easier it'll be to make informed choices throughout the "game." Your real estate pro can offer you expert advice, but the final decision is always up to you.

Let's look at some of the most common "rookie mistakes" that can send your sale to the dugout:

1. Rushing Your Agent Pick
   Selecting an agent is one of the most important things you'll do in the course of a sale. Your choice will likely affect every stage of the home sale. How your home is staged, listed, and marketed all come back to your agent — so take time to find an agent you can work well with.
   
   
2. Setting the Wrong Price
   Poor pricing can add eighteen months to your sale timeline. Homeowners bring a long, emotional history to price question. On the other hand, a good agent will use knowledge of the local market and trends to find the ideal price: One that helps you reach your profit and timeline goals.
   
   
3. "For Sale By Owner" (FSBO)
   This may be the single biggest mistake sellers can make. It invites all kinds of problems — from buyers seeing you as a target for rough negotiations to paperwork issues, few people are prepared for. It puts legal liability for a whole host of issues directly in your lap, too.
   
   
4. Waiting to Spruce Up the Home
   There are many things you can do, even on a tight budget, to make your property much more appealing to would-be buyers. A quick coat of exterior paint, a new doorknob, and a touch of landscaping supercharge curb appeal. For a bit more, think about adding new kitchen appliances.
   
   
5. Forgetting to Clean and Organize
   Before a home hits the market, it should be thoroughly cleaned. Pressure cleaning the outside is a must. Interior carpets and upholstery should be steam cleaned, especially if you have pets. Start moving items out of the closet and into storage early on to make them seem bigger.
   
   
6. Neglecting to Stage the Home
   When you really want to sell a home fast, staging is your secret weapon. Staging breathes new life into a home even if it has some factors working against it, potentially adding thousands to your selling price. It's more than fresh-baked cookies, though, and is best handled by a pro.
   
   
7. Not Looping In Your Mortgage Lender
   Your current mortgage situation goes a long way toward telling you what your sales goals should be. Only your lender can give you all the details you need about loan payoff and how paying early might affect you. Be wary of early payoff penalties that some lenders require.

It may sound complicated to sell a home, but it doesn't have to be a hassle. A real estate agent who specializes in homes like yours will be a team player throughout the process. Experience is essential! Now, play ball!

Home-Buying Guide for Newlyweds

Instead of being a property renter, you can build equity as an owner. You can decorate, remodel or upgrade your home however you please. If your life plan includes children, they'll have a green space to play and entertain friends close to home.

Before you begin your home-buying quest, you should understand the process of buying a house and the personal commitment necessary to make it happen. That's why we created this Home Buying Guide for Newlyweds. Use it as a framework for discussing basic home-buying concerns. 

1. Decide if you really want to buy a home
   Never buy a home because your mom says so or because it seems like the grownup thing to do. A home is a major investment. Long after you've paid your closing costs, it will add a lifetime of expenses to your budget. If you 're ambivalent about your home-buying decision, wait until you're ready.
   
   
2. What kind of home do you want
   When you're buying a house, it's a good idea for you and your spouse to agree on what kind of house it should be. Discuss architectural style, age, landscaping, bedrooms, and amenities. Detail the must-have features that are critical to your comfort and well-being.
   
   
3. Decide where you want to live
   The National Association of REALTORS® 2017 home trend study reported that buyers under age 36 planned to keep their homes an average of 10 years. If you follow this national trend, you'll want to make certain your home will fit your lifestyle today and in the future. To avoid a love-hate relationship with your new home, investigate the community before you decide to buy.
   
   - Crime and safety trends
   - School district standards
   - Recreation area safety
   - Questionable neighbors
   
   
4. Know how much can you afford
   Sit down with your spouse to discuss your income and what you can afford. Review any life circumstances that might affect your future ability to pay.
   
   
5. Discuss your credit
   You should know your spouse's financial profile before you tie the knot. If you bypassed that discussion, it's important to get the financial details before you consider buying a house.
   
   - Credit score
   - Outstanding debt
   - Assets
   - Income
   - Savings
   
   If there are hidden financial skeletons in either spouse's closet, they could haunt you when the mortgage company assesses your ability to repay your loan. When you know and understand your credit profile, you can take steps to repair your credit ahead of time.
   
   
6. Get a mortgage pre-approved letter
   After you've addressed your financial details, it's a good idea to seek mortgage pre-approval before you begin your home search. Your mortgage company will assess your credit, determine your ability to meet their financial standards, and issue a letter confirming your pre-approved status.
   
   Sellers and their real estate agents know you're serious about buying a home when you show them proof that you've consulted a mortgage company. They'll be more willing to consider your offer and negotiate a deal.
   
   
7. Consider loan programs
   If you're ready to buy a home but your finances aren't perfect, these government-backed loan programs may be able to help you with financing.
   
   - Federal Housing Authority
   - Fannie Mae
   - Freddie Mac
   - Veteran's Administration
   
   You may qualify for a low-interest rate or a reduced down payment. These programs are flexible in assessing your credit, income and work history.

Work With a Real Estate Professional

Contact your real estate professional when you decide that buying a house is the right decision for you. An experienced agent has the knowledge and experience to guide you through the home-buying process.

The Case for Repurposing Your Space

It's almost criminal — leaving rooms in your home underutilized. While navigating the obstacle course of life, there are a host of reasonable factors that lead to this common home-functionality transgression. Now is the ideal moment to repurpose what you have and reinvent such spaces.

A desirable feature of yesteryear, the formal dining room is now often deemed obsolete by many homeowners, who allow it to morph into an underused or wasted space. A contributing factor is the evolution of the kitchen into a multi-functional communal area. Fortunately, the size and central location of this former principal gathering room typically allow for plenty of practical new purposes.

Similarly, extra bedrooms are always useful – until they aren't. These rooms typically boast prime real estate within a dwelling, yet unless you frequently host overnight guests, they easily befall the sin of neglect. If it's become rare for you to have stayover visitors, the space is well worth repurposing to revive and add value to your floor plan. It's your oyster for all sorts of possibilities!

Any of the following suggestions could inspire these rooms' next roles. Here is a curated collection of the most actionable and relevant ways to inspire an uplifting transformation in your dwelling's neglected spaces.

Serious Business

Particularly with recent shifts to a work-from-home situation, savvy homeowners have taken to the idea of repurposing their dining room into a home office. Adding a desk, shelves and a few chairs – perhaps from the dining table set – will easily convert an outdated area into a place dedicated to work or remote learning. Get creative with this project and give the room a true makeover with a bold new paint color, wallpaper and artwork throughout the reimagined space.

Child's Play

If you have young children, consider creating a designated play area. You can maintain organization in the room by adding a colorful chest of drawers, whimsical hutch or handy bins for toys and game storage. Be sure to incorporate plenty of comfortable seating, and perhaps even a television to enhance the capabilities and fun factor.

Hobbyist Lair

Bibliophiles and audiophiles, rejoice! A dining room or spare bedroom could be reinvented into a library or combo listening studio. Any treasured books or magazines hidden away in boxes or spread among various coffee tables throughout the house can be placed on stylish display on dramatic floor-to-ceiling shelving. An essential here is at least one ultra-cozy chair. Vinyl lovers can add a turntable and settle in for undisturbed contemplation. Further elevate this converted space by introducing an elegant bar cart or armoire bar cabinet.

Mindful Movement

Fitness-focused households might find another use for an underutilized space – and pounce on the opportunity to build out a home gym. Relocate or sell any unneeded furniture, and as a first step for those with wood flooring, try laying foam mat overtop. Double down on the quality of this transition by installing a full-length mirror. Then comes the fun part: Decide which machines, weights or other equipment would optimize the revitalized room.

Every square inch of your residence matters, so if you discover any areas that have become abandoned, focus on the primary needs and functions that best serve you and your family – and reference these tips to get the most out of your space.

The Ten Commandments of Buying a Home

To make the buying a home a little less stressful, learn the Ten Commandments of Buying a House.

1. Maintain Steady Employment. Lenders like to see job stability. It's important for at least one of the applicants to hold a steady job. And the longer you stay at the same job, the better it looks when applying for a home loan.
   
   
2. Limit Bank Account Activity. When you apply for a home loan, you'll need to produce bank statements. Lenders look for consistency each month, like steady deposits, regular bill payments, and no erratic spending.
   
   
3. Continually Monitor Your Credit Score. This is so much easier than it used to be. Gone are the days of waiting for your free, yearly credit report to arrive in the mail. Websites are available to help you monitor your credit score--even offering great tips on how to improve it. 
   
   
4. Postpone Large Purchases. Unless you have money to burn, now is not the best time to purchase a car, motorcycle, new furniture or anything else that might make a lender nervous. The bank questioning a large purchase could slow down the loan application process.
   
   
5. Save for a Down Payment. The sooner you start this, the better. A 20 percent down payment is what's recommended. Even if you qualify for no down payment, it's in your best interest to put some money down.
   
   
6. Only Consider Homes Within Your Budget. We're all guilty of wanting more. But taking a peek at what's just a touch over your budget can be dangerous. Don't torture yourself. Embrace what you can afford.
   
   
7. Research Various Neighborhoods. It's a good idea to visit different areas, even ones that may not be on your radar. Check what traffic patterns are like, where the schools are, quality of grocery stores, things that will make your everyday life more comfortable.
   
   
8. Get Pre-Approved. Once your finances are strong and stable, it's a good idea to get a loan pre-approved. As a buyer, this gives you more leverage when the seller knows things aren't going to fall apart on your end after you make a bid.
   
   
9. Resale History. While investigating the neighborhoods, review not only the resale info on the home but other comparable homes in the area. Have they gone up in value? How long do they sit on the market? Is there a cluster of homes up for sale in the same neighborhood? Your REALTOR® can help you with these questions, and the answers may give you better insight into what's happening in that area.
   
   
10. Find a Real Estate Agent you Like and Trust. When you find a REALTOR®, you will share a lot of personal information with this person-- not to mention spend many hours with them.  It's important to have good chemistry. And remember, thou shalt not carry the entire burden yourself. A great agent is always ready to help their clients through every step of the process. 

Why You Should Use a Realtor to Sell Your Home

For many people, owning a home is one of the largest financial transactions they'll make, which is why 87% of sellers rely on an agent to be their guide¹. It's estimated that real estate agents play more than 150 roles during an average home transaction, so it's best to leave it to the pros.

Real estate agents know how to sell your home quickly and for the best price. Successful sales balance four components: the market, price, condition of the house and exposure. Because agents know about market trends and the other houses in your neighborhood, they're well equipped to play up your home's advantages and downplay disadvantages.

In addition, a skilled agent will:

• Help determine an asking price that will make your home competitive
• Offer recommendations on how to prepare your home to attract attention, from staging and curb appeal to small home repairs that can make a big difference
• Market your home to people who are most likely to buy your home
• List your property on the Multiple Listing Service, so buyers can easily find it online
• Represent your needs and negotiate the best deal possible
• Help you navigate the many services you may need during the process, such as appraisals, inspections, home repairs, title, mortgage, home warranty and insurance
• Be readily available to take your calls and answer any questions

There is also a financial advantage to using an agent:

• Homes that are offered for sale by the owner (FSBO) typically sell for less than the selling price of other homes. FSBO homes sold at a median of $225,000 in 2021, which is significantly lower than the median of agent-assisted homes at $345,000².
• The average Coldwell Banker® listed property sells for 20.7% higher than the National Association of REALTORS® average price³.

If you are selling your property and plan to purchase another home, your real estate agent will be a valuable partner to help ensure everything goes smoothly. In fact, 53% of sellers nationwide use the same agent to purchase their next home³.

Contact your Coldwell Banker affiliated agent today to discuss listing your property for the spring selling season.

Selling Your Home During The Winter Has Its Advantages. 

Let's debunk the myth that you should wait until spring to sell your home.  Historically, spring is the busiest real estate selling season; however, people do buy homes 365 days a year.  Dave Ramsey, America's trusted voice on money and a national best-selling author and radio host, reports homes listed in the winter have a nine percent greater likelihood of selling, sell a week faster and sell for more money.

Here's how selling your home during the winter months can work to your advantage. 

1. Less competition
   The widely held belief that spring is the best time to sell a home leads to a greater influx of available homes hitting the market. Consequently, prospective buyers have a larger inventory of homes from which to choose. Listing your home before spring improves your odds of selling it at a higher price without a lot of competition.
   
   
2. Better exposure of your home
   With fewer listings on the market, your home will get more attention from real estate agents and may appear in more buyers' internet searches. 
   
   
3. Corporate relocations
   Companies often relocate workers during the first quarter of the year. Selling your home to someone relocating for work can help you obtain a higher sales price. These buyers are motivated to reach an agreement and are eager to move.
   
   
4. Fewer yard maintenance worries
   Selling your home during the spring or summer requires you to be vigilant about yard care so that your house looks its best for every potential buyer. Listing your home during the winter requires investing less time and money in lawn and landscaping expenses.
   
   
5. List in February, sell quickly
   A national study that analyzed listings, sales prices and time on the market found that winter is the best time for sellers to list their home. The study found that 66 percent of the homes listed in February sold within 90 days. A higher percentage of homes sold for above list price during winter months compared to those listed in June or later.

Winter home buyers tend to be serious shoppers. They are motivated and may not be interested in doing a lot of browsing. Regardless of what time of year you list your home, if it is priced right and shows well, it will sell.

Questions To Ask An Agent Before Listing Your Home

According to data from the National Association of REALTORS®, most home sellers hire the first real estate agent they meet.

Now, that might not necessarily be a bad idea if you happen to meet a great agent right out of the gate, but selling your home is a big move, and it's important to choose your listing agent carefully.

To find the best agent for the job, you need to ask questions — and not just "how much will you get for the property?" and "what will the commission be?" Include these questions during the interview process:

• What are your credentials?
  A real estate agent should have a state license and belong to the local real estate trade association. You may also find someone who is a licensed REALTOR® (a member of the National Association of REALTORS®), which requires additional training and a strict code of ethics.
  
  
• Do you specialize in my neighborhood?
  Local expertise is crucial. Your agent needs to have in-depth experience in your local real estate market, including inside knowledge about any upcoming developments that might affect the value of your home.
  
  
• How many homes have you sold in the last year?
  Past performance doesn't always ensure a quick sale, but you'll be able to put your mind at ease knowing that your agent has a track record of success. Ask about how much these homes sold for, so you know that your agent has experience selling homes in your price range.
  
  
• How do you determine the listing price?
  The "money talk" is the make-or-break conversation for many home sellers. It's important that your agent can help you land on a listing price that you feel good about but is also appropriate for the market. An underpriced home doesn't give you the profit you deserve, but an overpriced home could end up languishing on the market. Be sure you understand how the agent arrives at a price for your home.
  
  
• What's your sales plan?
  Your agent should have a plan laid out for marketing your home. Mailers, listing services, open houses, and social media are all important.
  
  
• What will it cost me to sell my home?
  From broker's commission to closing fees, there are a number of costs that can really add up when you're selling your home. Find out what it will cost, and compare from one agent to the next.
  
  
• Will I be working with you directly?
  There's a balancing act between working with a specific agent and a team of agents. Either way, you'll want to know for sure whether you'll be working with one specific agent or a member of the agent's team. It's also important to know how you will be communicating with your agent.
  
  
• How long will it take to sell?
  No agent can say exactly how fast any home will sell. The national average is 65 days, but this depends on a variety of factors.

Your goal should be to an agent with whom you are confident and comfortable with and who can sell your home quickly and at the right price. Ready to put your home on the market? Reach out to a Coldwell Banker Gosslee Agent today!

Bossier City Office (318) 747-5411  |  Shreveport Office (318) 861-2461

The Top Reasons Why People Move

Life is constantly changing — relationships, jobs, children, and family. All of these things cause shifts in our lifestyles and, more specifically, where we live. People relocate to a new home for a number of reasons: career, relationships, family, finances or just for change itself.

Here are nine reasons why people move:

1. Larger Home
   Upsizing is one reason people move. A couple that decides to start having children soon realizes that their initial home no longer meets their growing family's needs. As children grow, there is a need for extra bedrooms and living space. The more children added, the greater the need for a larger home with more bedrooms, bathrooms, and a larger yard.
   
   
2. Downsizing
   When children grow and leave the home, some parents opt to downsize and relocate to a smaller, more manageable house.
   
   
3. Homeownership
   Homeownership is still very much a part of the American dream for many people--and falls into our "top 10 reasons for relocating" category. While homeownership comes with a number of responsibilities, it also comes with opportunities too, like creating your dream home, enjoying your personal lifestyle, and having peace of mind.
   
   
4. Change in Relationships
   Personal relationships often cause people to move. Whether you're starting a new life as a couple or starting over after a divorce, these life events cause people to move. Another reason could be a death in the family, causing you to move from a home holding too many memories.
   
   
5. Change in Employment
   Job promotions and company relations may cause people to move from their current homes. If a new job requires extensive commute times, many people find it easier to move closer to their new place of employment.
   
   
6. Change
   Some people change... for the sake of change. Moving to a new town or state gives people the chance to add excitement to their lives. They have the opportunity to make new friends, experience new things, and explore new career paths.
   
   
7. Financial Reasons
   The cost of living varies from one place to another. When a family faces a financial crisis, the logical thing to do is move to a convenient but less expensive location. At times, the move to a more affordable house or location is just a measure to cut down on spending and save more.
   
   
8. Better Home
   As income increases, so does the tendency to want better things. A better home falls into this category. After years of hard work and wise spending, upgrading to a better, newer home is often the ultimate reward for many people.
   
   
9. Schools
   Good school districts should be a top priority for people with and without children. Homes located in a good school district provide families with children the best chance at a top education. And for people without children, buying a house in a good school district helps optimize the home's future resale value.

No matter the reason you move, the right real estate agent can make the process that much easier. Talk to your local agent today about the steps you need to make for a stress-free move.