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What to Look for In Your New Neighborhood

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!

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A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture

A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture | MyKCM

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How to Get the Most Money When Selling Your Home

How to Get the Most Money When Selling Your Home | MyKCM

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

1. Price it a LITTLE LOW 

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In reality, this just dramatically lessens the demand for their house (see chart below).

How to Get the Most Money When Selling Your Home | MyKCM

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead have multiple buyers fighting with each other over the house.

Realtor.com gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive, as the seller likely believes that he or she will net more money if they don’t have to pay a real estate commission. With that being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

Research posted by the National Association of Realtors revealed that:

“The median selling price for all FSBO homes was $185,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $163,800. However, homes that were sold with the assistance of an agent had a median selling price of $245,000 – nearly $60,000 more for the typical home sale.”

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!

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Housing Market Expected to "Spring Forward"

Housing Market Expected to “Spring Forward” | MyKCM


Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows.

The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2016 all fell in April, May or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2017, let’s get together to evaluate the opportunities in our market.

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Thinking of Selling? Do it TODAY!!

Thinking of Selling? Do it TODAY!! | MyKCM

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!

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Over Half of All Buyers Are Surprised by Closing Costs

Over Half of All Buyers Are Surprised by Closing Costs | MyKCM

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!

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Are You 1 of the 59 Million Planning to Buy This Year?

Are You 1 of the 59 Million Planning to Buy This Year? | MyKCM

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Access: A Key Component in Getting Your House SOLD!

               Access: A Key Component in Getting Your House SOLD! | MyKCM        


So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers.

There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home.

Here are five levels of access that you can give to buyers, along with a brief description:

  1. Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
  2. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.
  3. Open Access with a Phone Call – the seller allows showing with just a phone call’s notice.
  4. By Appointment Only (example: 48 Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
  5. Limited Access (example: the home is only available on Mondays or Tuesdays at 2pm or for only a couple of hours a day) - This is the most difficult way to be able to show your house to potential buyers.

In a competitive marketplace, access can make or break your ability to get the price you are looking for, or even sell your house at all.

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!


I hope you had an amazing weekend!  As always I like to start the week off right with some words of motivation...

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The Impact of Homeownership on Civic Involvement

The Impact of Homeownership on Civic Involvement | MyKCM

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First Comes Love... Then Comes Mortgage?

First Comes Love… Then Comes Mortgage? | MyKCM


According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 14% of all first-time buyers last year.

If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2016, while single men accounted for 8% of buyers. One recent article pointed to a sense of responsibility and commitment that drives many single women to want to own their home, rather than rent.

Here is the breakdown of all first-time homebuyers in 2016 by percentage of all buyers, income, and age:

First Comes Love… Then Comes Mortgage? | MyKCM

Bottom Line

You may not be that much different than those who have already purchased their first homes. Let’s get together to determine if your dream home is already within your grasp!

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!


I hope you had an amazing weekend!  As always I like to start the week off right with some words of motivation...

Read More

The Impact of Homeownership on Educational Achievement

The Impact of Homeownership on Educational Achievement | MyKCM

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Homeownership Offers Stability & Wealth Creation

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!


I hope you had an amazing weekend!  As always I like to start the week off right with some words of motivation...

Read More

No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring!

No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring! | MyKCM

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Thinking of Making an Offer? 4 Tips for Success

Thinking of Making an Offer? 4 Tips for Success | MyKCM

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!


I hope you had an amazing weekend!  As always I like to start the week off right with some words of motivation...

Read More

Have You Saved Enough for Closing Costs?

Have You Saved Enough for Closing Costs? | MyKCM

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!


I hope you had an amazing weekend!  As always I like to start the week off right with some words of motivation...

Read More

Will Housing Affordability Be a Challenge in 2017?

Will Housing Affordability Be a Challenge in 2017? | MyKCM

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Why Pre-Approval Should Be Your First Step

Why Pre-Approval Should Be Your First Step | MyKCM

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!

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If Your Home Hasn't Sold Yet... Check the Price!


The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the winter as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?

If your house hasn’t sold, it is probably because of the price.

If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. See chart below.

If Your Home Hasn’t Sold Yet… Check the Price! | MyKCM

Bottom Line

The housing market is hot. If you are not seeing the results you want, sit down with your agent and revisit the pricing conversation.

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You Need a Professional on Your Team When Buying a Home

You Need a Professional on Your Team When Buying a Home | MyKCM

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!

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Inadequate Inventory Driving Prices Up

Inadequate Inventory Driving Prices Up | MyKCM

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!

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Homeowner's Net Worth Is 45x Greater Than A Renter's

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Student Loans = Higher Credit Scores

Student Loans = Higher Credit Scores | MyKCM

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Whether You Rent or Buy: Either Way You're Paying a Mortgage

Whether You Rent or Buy: Either Way You’re Paying a Mortgage | MyKCM

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!

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Why You Shouldn't Take Your House Off the Market During the Holidays


If you are one of the many homeowners who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now!

The latest Existing Home Sales Report from The National Association of Realtors (NAR), revealed that the inventory of homes for sale has dropped to a 4.3-month supply.

Historically, a 6-month supply is necessary for a ‘normal’ market, explained below:

Why You Shouldn’t Take Your House Off the Market During the Holidays | MyKCM

There are more buyers that are ready, willing, and able to buy now than there have been in years! The supply of homes for sale is not keeping up with the demand of these buyers.

Bottom Line

Home prices are appreciating in this seller’s market. Making your home available over the next few weeks will give you the most exposure to buyers who will be competing against each other to buy it.

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Building Your Family's Wealth Over the Next 5 Years

Building Your Family’s Wealth Over the Next 5 Years | MyKCM

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Monday Motivation by your Realtor, Kelli Guidry

Happy Monday!

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Selling in the Winter Attracts Serious Buyers

Selling in the Winter Attracts Serious Buyers | MyKCM

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Bayou Region Real Estate

(985) 601-3136

info@bayouteam.com

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