Feb. 5, 2021

Is 2021 the Year to Size-Up Your Home?

Is 2021 the Year to Size-Up Your Home?

2020 was a year for change. Many lifestyle adjustments and plenty of time at home. During that time, you may have started to think about how much your current home suits your needs, even if you thought at one point that the home you’re in could be your forever home.

Last year impacted the needs of many in a variety of ways, and it’s okay to recognize that the home in which you currently live might not fit your lifestyle now. If you’ve turned a room in your home into a makeshift office or school space, you’re trying to exercise at home, or you are just spending more time in your own four walls than you ever expected to, you may be ready to move onto something bigger.

With a 19% increase in closed sales and residential home price appreciation at 13% year-over-year in Park County, it has never been a better time to sell. Inventory has decreased and demand has increased, which has driven prices have been driven up. This is great news if you are a homeowner and you’re thinking about selling. Your home equity has likely risen as prices have increased and there’s a large pool of buyers searching for the perfect home.

If you can relate to all of the above and are weighing your options when it comes to selling and finding a bigger space, let’s chat today.

 

*Based on information from the Northwest Wyoming Board of REALTORS® Multiple Listing Service for the period 1/1/2019 through 12/31/2019 and 1/1/2020 through 12/31/2020. Information is deemed accurate but not guaranteed.
Posted in Seller Tips
Feb. 5, 2021

How To Make Sure You Will Love Your Paint Choice

How To Make Sure You Will Love Your Paint Choice

So you are getting ready to paint a room in your home, you head to the store and see a color you love, and you buy it on the spot! You assume it will look just as beautiful in that room and start painting, only to realize an hour in that it looks completely different in your home.

Many factors play into what paint looks like when you actually put it on your walls, and one of the most important is the lighting in that room. Paint can look completely different in fluorescent light than it does next to an open window letting in natural light. This can be a major stressor, so to avoid the headache, follow these tips next time you plan to paint a room.

First, you’ll need a poster board. Purchase a small sample size of each paint color you are considering, and paint a few shades of each color on the poster board. See how it looks once it has dried in the room you are planning to paint at various times of day in the different lighting it will have. Once you find a color you think looks great, you are going to want to do a sample paint on your walls of that color. While light plays a major role, previous paint colors and wall texture can also impact how the paint color will look, but the poster board test should get you much closer to a color that you will love.

Once you’ve been able to see the paint color on your wall at different times of day, in natural and artificial light, you can commit to painting the entire room without fear of regret.

Posted in Homeowner Tips
Feb. 5, 2021

3 TRICKS TO MAKE BUYERS HAPPY

3 TRICKS TO MAKE BUYERS HAPPY

When selling your home, your first thought may not be keeping potential buyers happy. With all the moving parts of home sales, it can be easy to forget that the little things truly do count - especially when it comes to the happiness of potential buyers. Yes - your home can probably sell itself as-is, but going the extra yard to boost interest in your home is worth it. You can start by putting together a home binder and include the following items for potential buyers to check out:

Home Guide

When a buyer is touring your home, they are going to be curious about the condition of the various parts of your home, from mechanics to appliances. By giving this information up front, you can avoid a lot of back and forth in the future. Included appliance manuals/warranties, smart home tech how to's, a list of updates, home maintenance (ie: last time your HVAC was serviced), and age of mechanicals, roof, and appliances.

Vendor List

Create a master sheet of who you use for all of your homeowner needs. From landscapers to handymen, plumbers, and pest control. Try to include your recommendation for maintenance for any features your home has.

Local Favorites
What made you love where your home is? Include pamphlets from your favorite restaurants, info about local parks, or any neighborhood features that made your location so great. If you have kids, be sure to include things they loved about the area.

Posted in Seller Tips
Jan. 15, 2021

2019/2020 Market Stats Comparison

 

2020 was quite the year! Overall, it was an incredible year for real estate in the Big Horn Basin. For residential properties alone, the number of new listings increased, the number of homes sold increased by nearly 20%, and the median sold price increased by 13%!

Have questions about the market? A specific area or property type? Interested in a market analysis for your home? Reach out to our team at 307-764-6222 as we're happy to help.

Jan. 15, 2021

January Home Maintenance Tips

Posted in Homeowner Tips
Jan. 15, 2021

Charity of the Month : January : Big Brothers Big Sisters

 

Here at Elite West Realty, we give back to a local charity at every closing. We've donated more than $10,000 to local charities in the last two years alone - our favorite company stat! One of our goals is to continue increasing our charitable donations year over year. How can you help? By simply referring your friends and family to Elite West!

Now on to this month's donation recipient, Big Brothers Big Sisters' Powell branch!

"Big Brothers Big Sisters is not your typical organization. We help children realize their potential and build their biggest possible futures. We nurture children and strengthen communities."

To Learn More about this wonderful organization, click here to visit their site!

 

Posted in Local Charities
Nov. 30, 2020

Boost The Mood Of Your Space

If you’re still working from home, you may be feeling down about your current space. While working from home can be fun, it is important to make sure your space keeps you motivated. The best way to do that is to change up your style! Here are some of the easiest ways to boost the mood of your space:

Compartmentalize

If you’re working at home, it is easy to get distracted by your typical home responsibilities since they are now right in front of your face. To stay focused on work, try designating different areas for certain activities. By assigning specific areas for fitness, work and leisure, you will have an easier time letting your brain and body know what you should be focusing on.

Try Some Color

Adding an accent wall, or even painting a whole room, is one of the easiest ways to immediately boost the mood of a room. Consider adding a feature wall with a pop of color or lighting up the space where you work during the day. If you’re not ready to commit to painting your walls you can use accessories like throw pillows, curtains, or artwork to bring color into your space.

Declutter!

Spending more time at home can make a space that didn’t seem cramped before feel overwhelming. There’s no better way to bring harmony to your space than decluttering. While having a clean, decluttered space is aesthetically pleasing, it can also reduce your stress and help you stay focused on work instead of worrying about all the clutter in your field of vision during the day.

Try a Digital Detox

Staying informed is important, and many jobs require technology, but cutting down on screen time can greatly impact how you feel in your space. To reduce screen dependence, set up manageable boundaries based on time or place. Designate phone-free times or remove tech devices from your bedroom for a daily reset.

Lighten Up

If your home is now your office, you can now control the light conditions of your workday. Natural light is one of the best ways to literally and figuratively lighten up a space. Try positioning your desk near a window and keep drapes and shades open during the daytime. You can also add reflective surfaces to enhance the light in dark rooms.

Posted in Homeowner Tips
Nov. 30, 2020

What Do I Do About Radon?

Chances are you don’t worry too much about radon until it is time to buy a home. Radon is a cancer-causing radioactive gas that comes from the natural decay of uranium, which can be found in nearly all soil types. It can travel through the soil, into the air and into your home through cracks, gaps or the water supply. Radon isn’t picky about the homes it enters, found in all types from new builds to 100-year-old homes. Radon causes approximately 21,000 lung cancer deaths each year, second only to smoking. You can’t see, smell or taste radon. It can take years of exposure before health problems become apparent. The EPA estimates that as many as 8 million U.S. homes contain elevated levels of radon.

So, how do you know if your home has radon? Having testing done is the only way to check your home’s radon levels. Some states already regulate providers of radon measurement and mitigation services by requiring registration, certification or licensing. If your state does not regulate testers, you can buy a radon test kit online or from a home improvement store. When buying or selling, the EPA recommends radon testing before finalizing any real estate transaction. Reported as pCi/l, or pico curies per liter, radon levels of 4pCi/l or higher is unacceptable. If your first test comes back higher than 4pCi,I, you should retest. If a second test also comes back with an unacceptable reading, you will need to take steps to reduce your home’s radon levels.

The most common radon mitigation systems rely on fans. Placed in an attic or outside the building, the fans are used to draw air out from under a crawl space, basement, or concrete slab. The fans reroute gases coming from the soil beneath your house to the outside the structure, far enough they can’t re-enter through the windows. Once your mitigation work is complete, you should have your home retested to ensure the radon is gone.

Posted in Homeowner Tips
Nov. 30, 2020

Why Did My Credit Score Drop?

If you’ve seen a change in your credit score recently, you may be wondering why. There are a number of factors that contribute to a dropping credit score and it is important to know what may be causing that! When buying a home, it is important to maintain your credit and not make any major purchases that could impact your score. Here are the top 5 reasons for a drop in credit:

YOU MADE A LATE PAYMENT

Accounting for about 30% of your total rating, your payment history has a big impact on your credit score. If you make a loan or credit card payment more than a month after the due date, it could cause your credit score to drop. A payment 60-90+ days late will have an even greater impact on your score.

YOU MADE A LARGE PURCHASE

Your credit utilization ratio can largely impact your credit score. Your ratio is how much of your credit you use in relation to your total available credit. The goal is to have a lower ratio so if you’ve been using more of your available credit lately, you may see a drop in your score. If for any reason your credit limit is lowered, it can impact your credit utilization ratio and impact your score.

AN ACCOUNT GOES TO COLLECTION

Timely payments on all accounts is an important part of your credit journey. Late payments on credit cards, loans, to medical facilities, student loans and utilities can be sent to a collection agency, which could in turn show up in your credit report.

YOU OPENED A NEW LINE OF CREDIT

When you apply for new credit, you are giving lenders the permission to access a copy of your credit report, which is known as a hard inquiry on your credit. If your credit report indicates that you’ve applied for multiple new credit lines in a short period of time, your credit score may be impacted.

YOU CLOSED A CREDIT LINE

Closing a card means losing available credit, which could increase your credit utilization ratio. As a result, your credit score may drop. If closing a card helps you stop spending, it may be a good idea. Otherwise, it is usually wise to keep lines of credit open. The length of time you’ve had accounts open shows that you have a solid payment history, so that could be another reason to keep that card you’ve had awhile open if you are using it wisely!

Posted in Buyer Tips
Nov. 30, 2020

Prevent Cold Weather Falls On Your Property

Winter is coming which means an increased risk of ice on your property. While bad weather can be inevitable, decreasing fall risk at your home can help. Here are a few ways to just do that:

INDOOR TIPS

The first step to preventing your own falls start indoors. Preparing your entryways can help! Try placing skid-resistant door mats near entrances to dry your footwear. Make sure you check the bottoms of your feet each time you enter the home, and clean off the accumulated ice, snow or water. Keeping your floors as dry as possible is another great way to prepare your home.

OUTDOOR TIPS

To start, you will need adequate supplies of salt and sand. Clear your walkways and treat outdoor surfaces to prevent falls. Wooden porches, decks or steps can become especially slick in winter. Be sure to shovel and treat pathways with salt or sand immediately after storms. Prevent dangerous ice buildup by clearing sidewalks before snow is compacted by footsteps or melts and refreezes. Salt lowers the freezing point of water and can be spread on sidewalks or driveways to keep them from getting icy, or to help melt away ice that has already formed. Sand doesn’t melt ice but is applied to icy walkways to provide traction. If you don’t have sand on hand, other abrasive materials such as kitty litter, saw dust and wood ashes can be used to create traction on icy walkways. You will want to adjust downspouts to drive water away from pathways - it doesn’t take long for pooling water to become icy patches.

Posted in Homeowner Tips