Virtual Home Staging: The Next Best Thing
Home staging is one of the most important steps in preparing your home for sale or rent. I can’t stress this enough. In cases where physical staging can’t be accommodated, whether it be due to time, tenants or budget constraints, virtual staging is the next best thing. Unit Realty Group offers our clients virtual home staging solutions. Virtual staging gives us the ability at all price points to creatively allow prospective buyers and renters to visualize what a space can be.
We can help set the stage and take away the guesswork for buyers and renters. We can showcase where the couch can go, what size bed can fit in the bedroom, what to do with that open entryway. Is the room perfect for an office, or maybe a nursery? Virtual home staging is very valuable to those looking to emotionally connect with a home and visualize themselves living there.
Virtual home staging can make the property stand out from the competition. We have impressed our clients with before and after photos. Take a look at some of the astonishing results below. We have taken a blank canvas, included the right furniture, lighting and artwork to create an inviting and entertaining space. We have also taken an extremely lived in property and shown how neat, spacious and functional it can actually be.
Virtual Home Staging Results: Before and After
Bottom Line: Home staging can fit into everyone’s budget thanks to virtual home staging. Let us know if we can help you.
712,000 Homes In The US Regained Equity
Back in July on the blog, I discussed the buy vs. rent debate which concluded that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. My recommendation was that it may be worthwhile to buy due to home values appreciating, and homeowner equity rising. This still remains true, as the latest Equity Report from CoreLogic revealed that 712,000 borrowers moved into positive equity.
The average homeowner gained approximately $14,900 in equity during the past year. This is great news for the housing market. Homeowner equity increased by almost $871 billion over the last 12 months, the largest increase in more than three years. Of the 95.1% of homeowners with positive equity in the U.S., 82.9% have significant equity (defined as more than 20%). This means that more than three out of four homeowners with a mortgage could use the equity in their current home to purchase a new home now.
The map below created by the KCM Crew shows the percentage of homes by state with a mortgage and significant equity. Note that Massachusetts is at 86.5%
If you are debating selling or buying I would be happy to meet with you and help evaluate your options.
Here’s December 2017’s Monthly Indicators Report from the Greater Boston Association of Realtors® showing Boston real estate market trends.
December 2017 Greater Boston Real Estate Market Trends
Sales of detached single-family homes and condominiums softened in December amid appreciating home prices and rising inventory, according to data released today by the Greater Boston Association of REALTORS® (GBAR).
The 1,027 single-family detached homes sold in December 2017 was a 9.7 percent decrease in sales from the 1,137 homes sold in December 2016. This total was the seventh-highest on record for the month of December, and is above the monthly sales average since 2003 of 984 homes sold. The condo market also experienced a decrease in sales as 793 units were sold in December 2017, which reflects a 14.3 percent drop in sales from the 925 units sold in December 2016, which is also the record high for December. This was the eighth most active December on record for condo sales and sits above the historical monthly average of 772 units sold.
- December condo sales DOWN -14.3%
- Median prices UP +15.8% ($542,000)
- Active Listings UP +7.3% to 1,441
- Listings added to the market -18.8% over last year (358 in 2017 from 441 in 2016)
- December single-family home sales DOWN -9.7%
- Median prices UP 8.1% ($589,000)
- Active Listings UP +17.5% to 2,311
- Listings added to the market UP +1.8% over last year (405 in 2017 from 398 in 2016)
Interested In Specific Neighborhood / Area Real Estate Market Trend Data?