2020 is over, but sadly most of the chaos is moving into 2021 with us. Most of the world hoped to see a clean slate as midnight struck crossing over into the new year, but that did not happen. Although it might seem events will get repetitive, there are some new trends that thrived in 2020 that will continue to in 2021, including relocating and being able to purchase a home virtually.
It is no surprise that businesses are adapting to working remotely, we can thank the quarantine period for introducing "WFH" (working from home) as the new job trend. Businesses are adapting to this since they still need to run during this on-going pandemic. Since working from home has become the new normal, homeowners have been on a constant journey to sell their homes and move to their preferred vacation spots. Homeowners have been anxiously on the market putting in offers, even over asking price, to secure their new remote location.
Due to the 11 month and counting pandemic, mortgage rates have been at its lowest towards the end of 2020. (Essentially any movement of mortgages can increase or decrease your mortgage over the lifetime of your home loan.) Making a move now can give you an advantage to prepare before the popular busy spring time. Because of the low inventory of houses currently, competition is rising. This could be an advantage to get your home to sell before more houses hit the market.
Following that, lowered mortgage rates apparently were left in 2020 and those who took advantage of that peak benefited greatly. However, 2021 is working differently and mortgage rates are slowly increasing already into the new year. If you find a home that fits perfectly for you and you are able to buy it, don't wait in hopes for another drop in rates as the future is not predictable, so don't risk your chance of losing your dream home!
Not to mention that the new normal of home buying is moving virtually, recently called "iBuyer home purchases". Homebuyers are now able to fully purchase their new home completely virtual. So if you're concerned about going out to house hunt, you don't have to! You can still work with an agent, get a tour of the house, and put in an offer all without physically walking through the doors. It's the new thing and it seems to be successful thus far amidst the world's current situation.
Take control now while you can and sign on your new "working from home" home! We hope that you find your place this year and when you do, come find us to help you close!
If you're wondering what the housing market looks like, here are some information gathered from Redfin.com. You can see which Middle Tennessee cities that better fit the numbers you're looking for. Take a look below of the housing market in five of our surrounding cities here in Middle Tennessee since of November 9th of 2020.
*Please note that these numbers can change daily reflecting our country's current events, click over to redfin.com to get exact up-to-date numbers after today's date.
Daylight savings ending means the days are getting shorter and the weather is getting chillier, falling into the winter months. You probably spent some time renovating your yard as you were quarantining in the beginning of the coronavirus pandemic. Don't let the winter ruin what you put time in! Here are the few things you can do to prepare your yard for the winter.
Treat your lawn
To ensure your roots are in the soil during the season, be sure to reseed and add in winter fertilizer. Some people will aerate their lawn by poking holes in the soil to allow air flow to seep into the ground and allow water to soak and nourish the grass. Through aeration, it prevents "crown hydration" which is when grass can intake water, freeze and then rupture the cells. It also prevents "snow molds," which is when the snow melts leaving fungal infections on the grass that will kill it.
Cover your plants
Winter creatures tend to stop by and nibble at what's left for the season. To avoid your garden being nibbled away, try putting chicken wire or loose cloth to protect your precious plants. You should also cover new trees by their base with a blanket to avoid frozen cracks in them after winter is over.
Dead limbs that could fall during snowy weather need to be removed. The last thing you need is a fallen branch damaging your home. It also gives your tree more strength when you remove dying or dead branches. Don't forget the power lines! Make sure to remove any branches that are too close to power lines, especially ones that could easily fall when heavy snow or ice has fallen overnight.
Tighten/repair any features
Start repairing before the weather gets too cold to bare. Check your driveway and walkways for any cracks in case any icy weather remodels your entry way into a slippery unwanted slide. If you have any wobbly stones, make sure to properly re-level them to avoid any tripping. Any loose bolts and screws will need to be tighten before a winter storm attacks. Lose railings won't always be able to withstand the winter mixture of snow and ice.
Store the patio furniture
A great way to prolong the lifetime of your outdoor furniture is by washing and storing them away for the winter time. Check for the manufacturer's instructions on how to properly store them away if you are out of room in your shed or garage. Also if there are any lightweight furniture you have, it's best to put those away so they don't get blown away in the windy nights and avoid getting damaged.
Get ahead this winter and take care of your lawn during the last few weeks of fall that we have left. It will help speed up the process come spring time! Doing so will avoid unwanted injuries and be less of a hassle during the colder days.
Looking into building your next home? You should consider getting title insurance to protect yourself and your new home. It can easily be overlooked because title insurance is usually to protect your home from any liens from previous owners and you're probably thinking there couldn't possibly be any liens on a plot of land that hasn't been touched before you. However, you just never know if there was a previous owner that might have had liens that could put you and your home in jeopardy. In most cases, there's usually an owner prior to the beginning of construction of residential homes. So, title insurance.
Title insurance reveals existing liens on a plot of land including contractor's and mechanics liens. It protects property buyers and mortgage lenders against defects or problems with a title when there is a transfer or property ownership. It is your best protection through potential hidden defects even through a thorough public records search.
Mostly every piece of land will have some sort of an easement for utility companies to come and service the rest of the community. With title insurance claims, you can be covered over the devastation of your yard being dug up for a sewer line or your proudly grown garden with a tree being torn apart and cut down for a new pole. Utility companies have the right to install whatever is necessary without the owner's permission as well. Add less stress by getting title insurance to help burden the loss that might happen if your land is being shared unknowingly with someone else.
Not only is it just on land that is shared, but title insurance can cover liens. For example, mechanics liens cover the bill from providers and builders if they were unpaid. If the contractor does not pay them or go out of business, contractors can place a lien on your property before you even get to enjoy it. Your contractors might be totally legit and very professional, however a lot can be undiscovered and unspoken of until you have a very bad day and everything hits you like a truck costing you a chunk of money out of your own pocket to take care of. Hence why there even is title insurance--it happens and title companies are around to help you, like us! Stay on the safe route and cover your home and your family the best way you can.
Here at Attorneys Title, we handle the title search, policies, and insurance. We'll be sure to take good care of you and your home. Call us today for more information or to get started on owning your new property.
Did you know that there was a National Curious Day? Yep, there is. According to Days of the Year, October 9th is the day for curiosity. Let's tickle your brain and share with you some interesting real estate facts around the world that you didn't know until today!
For starters, did you know that in Scotland, homeowners traditionally paint their doors red to symbolize they are mortgage-free. If you ever stop by and see a red door, tell them congrats--being mortgage-free is a huge accomplishment!
More recently in 2019, Santa Cruz County in California experience a not so usual bandit around town. Realtors were noticing missing house listing brochures and the one behind this was known as the "Flier Bandit ." There was a contest of who can get the most fliers. The prize you may ask? A bride! The Sheriff's office was not too thrilled to handle a non-crime investigation, because it wasn't a "crime" unless he was trespassing. Let's hope there aren't anymore Flier Bandits out there, the real estate market does NOT welcome you!
Have you've seen the Bavarian town named Nordlingen? From an aerial view, you'll notice its shape. This town was built over a 15-million-year-old meteor--can you believe that! The people of this town are still living in that circular layout ontop of the remaining crater. How neat, you'll have to go visit one day to see this one in person!
As you're reading this in the middle of the 2020 Covid-19 Pandemic, let us offer you a quick relief about germs. Did you know that silver, iron, copper and aluminum doorknobs kills bacteria as well as serve as a natural self-disinfectant? I hope that gives you something less to worry about when planning to visit open houses while many others are touching the door knobs. But make sure you check what your doorknobs are made from, stainless steel or glass can actually be more of a hotspot for bacteria, so please still be sure to clean and sanitize well!
Last fact that you didn't know until today: did you know the average time a person moves is 12? Yes, twelve times in their lifespan! All that moving and you will still need an agent for each time alongside a title company, so we hope we are your choice during one (or all) of them!
Attorneys Title takes care of the preparation, reviewing of purchase and sale agreement, loan documentation, leases, title insurance, and so much more! Let us take care of you in one of your many moves.
We hope you do you part in staying curious today. Go out and find something interesting you are curious about and share it with your friends!
Are you in the market to sell your home this season and not sure what else you need to do to help boost your advertising? Here are some tips you might want to consider adding to your to-do list if you haven't already thought about doing so yet!
Before the leaves turn brown and wilt away, snap some photos of the greenery you have! You will be able to offer what your home looks like during both seasons of summer and fall. Showcasing an enjoyable outside experience in other weather scenarios can bring to life what potential your home has for someone else!
As the year moves forward, the days are getting shorter. Take your photos now while the daylight is still available, but don't get discouraged to use additional lighting. You should stage your home as homey and warm as you can. Did someone say pumpkin spice candles?
Even when the leaves fall, don't forget to get the shots of the beautiful landscape you have. Be sure to rake the leaves often and keep your yard tidy. Declutter the areas that need some help and clean your windows!
It is harder to sell during the winter months (December and January) as weather is never spot on in Tennessee. So move fast when preparing to sell your home as it will make the process 10x easier for the buyers to move through and not have to deal with unexpected weather that could pop up.
Do not be discouraged. It can seem daunting to miss potential buyers coming out during the cold weather, but making your home appealing and livable will motivate buyers to take the next step with you! Take advantage of this season and use it to outshine your beautiful home!
Fall is upon us and even in the midst of the 2020 pandemic, there are still plenty to do this season! There are activities for families, kids, couples, and even pets to enjoy this fall! We have taken some time to jot down events from the surrounding counties that we work with often that might help our neighbors (you) plan a great day or weekend during this season with your family and friends, as you social distance of course! Check down below for some amazing fall activities and get your planner out! Feel free to share to your friends and neighbors! What are you most excited about for this Fall?