All Forum Posts by: Caroline Davis

I asked a lot of one and energy chasing after distressed deals until I Created much better options!   

You are very correct!    And with multiple offers.  

Just thought I would share the Fast Stats for the Atens/Limestone area of Alabama.

Just thought I would share the most recent stats for the Huntsville/Madison Alabama area.

"NORMAL" what is that in this market? CMA History tells us 6 months to a year. Huntsville, Alabama normal is changing fast, weekly, monthly!

I agree ....Price can increase for two reasons. Increased demand or decreased supply.
Huntsville has both....and with the cherry on top.... LOW-interest rates.  Market values are changing every 30 days.  

http://blog.rismedia.com/2020/zillow-survey-home-offices/

For many real estate professionals, the COVID-19 pandemic has led to a complete shift in the way they conduct business. Most brokers and agents were relegated to their home, despite the fact that most people don't have a home office, according to Zillow. This change, and the current prospect of being able to work from home indefinitely, has put a premium on home offices.

With all U.S. states at least partially reopened, it's become clear that most Americans who have the ability to work from home want to continue doing so even after the pandemic ends. According to a recent Zillow survey, many would consider a move to more comfortably do so.

For those individuals, offices sit at the top of the list of the home features they desire most in a new home. This is likely due to the fact that, according to Zillow, just a third of respondents report being able to work from an actual home office. Listings mentioning a home office on Zillow have jumped about 10 percent since April 2019.

"Remote work allows for precious time savings without a commute and potentially more affordable living away from job centers, but it can come with productivity and sanity costs without the proper tools," says Skylar Olsen, senior principal economist at Zillow. "Those costs can be mitigated by certain home features, namely a quiet and secluded place to work."

Additionally, many Americans seem to be considering a move, as Zillow traffic on For Sale listings was up almost 50 percent year-over-year in May. Here are the reasons survey respondents gave as why they'd be most likely to move if given the opportunity to work from home:

Demand for houses continues to skyrocket, according to a report from Redfin CEO Glenn Kelman. Seasonally adjusted demand for houses during the week of June 1 through June 7 was 25% above pre-pandemic levels. Kelman said that bidding wars have caused listings to move quickly, and sales prices are up 3.1% year over year. The percentage of newly listed homes to accept an offer within 14 days increased from 42% in May to 47% in June. “Our abiding concern in May was about the number of homes for sale, but that’s improving too,” Kelman said. “After falling to 21% below last year’s level the week of May 25-31, new listings last week continued their recovery; last week’s new listings were 15% below last year’s level.”1

Four bedroom homes have always been in strong demands with tenants. Especially now in wake of the COVID-19 pandemic a home Office is even more important and in a lot of cases a must! Tenants will pay the highest market value for properties with an in home office.

My experience confirms this article...I am in complete agreement plus The difference between a 3 bedroom vs a 4 bedroom property is easily justified with 1.) higher rents and 2.) rents faster with less time on the market. Shorter vacancy!

http://blog.rismedia.com/2020/zillow-survey-home-offices/