June 2021

Found 5 blog entries for June 2021.

When it comes time to sell your home, you likely want it to go for the highest possible price. On Local4News, Michael Perna spoke about easy ways to increase your home's value. Read below for steps that could increase your home's value by two to five percent.

Declutter to Make the Home Seem Larger and Welcoming

Increase Your Home's Value With Easy Home ImprovementsThe first step in helping to maximize your home's value is to declutter. A good start is going through all the closets and organizing or removing 30 to 50 percent of the items. A half-full closet looks much bigger and will allow buyers to imagine their own clothes in the space. Decluttering is also an important piece of your own moving process.

Removing clutter from the rest of the home should come next. Doing so throughout the home

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Sadie Callegari Featured on WXYZ-TV

Sadie Callegari Discusses Time Management While Balancing Work & Family Life

The Perna Team AwardsA big THANK YOU to WXYZ-TV Channel 7 for featuring our very own Sadie Callegari on how the pandemic has affected working mothers and how to help overcome those obstacles. 

In her years as a Real Estate agent and now Director of Coaching & Training, Sadie has mastered the use of her calendar for effective time management, which has been a tremendous help with balancing personal and family time as well.

As a working mom herself, she advises staff and other working moms to "give yourself a bit of grace". Give 100% while you're working, but do the same thing for your family while at home - "Put your phone to the side, be 100

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Here are the things that sellers (and buyers) should be paying attention to.

  

Today I’m coming to you with a couple of tips about how to evaluate an offer when you’re selling in this market and how to make a winning offer if you’re buying. I’ll talk about important factors in multiple-offer situations, including price, contingencies, and occupancy.

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to browse specific topics at your leisure:

0:25 — Why contingency dates and time frames are so important in this market

1:02 — How financing details play a role in determining the strength of an offer

1:55 — Pay special

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The real estate market is still on fire with 51% of homes closed in May of 2021 selling ABOVE asking price!

  

This is the first time we have seen the closed sales above the asking price go above the 50% mark. Additionally, the average time on the market has dropped to a record low of just 17 Days across the board.

In Metro Detroit, we saw average sales prices increase to $262,500, up to $10,500 from the April 2021 average of $252,000. This is an incredible jump. On a national level over the past 12 months, we have seen the average sales price increase 13.2%, with the increase in Metro Detroit just a bit higher at 14%.

The number of sales we are seeing month over month is holding steady with just a slight increase of 100 homes between

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Here’s why there’s no reason to worry about an impending market crash.

  

Will the Real Estate Market Crash?

I have had a ton of questions along these lines in recent weeks, so I wanted to take a few minutes to take a good look at 3 reasons that it could, and 3 reasons why I don't foresee this happening.

Google has had a significant spike in the number of searches for "When will the real estate market crash," with a 2,400% increase over the last 30 days. This is definitely a topic on a lot of people's minds. There has also been a 350% increase in searches for "How much above asking price should I bid on a home". Most people seem to be very cognizant of the current real estate market, but I believe there is a certain amount of fear of the

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