Posted: 19 Feb 2015 04:00 AM PST
We all learned in school that when selling anything, you will get the most money if the demand for that item is high and the inventory of that item is low. It is the well-known Theory of Supply & Demand. If you are thinking of selling your home, here are two graphs that strongly suggest that the time is now. Here is why…
According to research at the National Association of Realtors (NAR), buyer activity last month (January) was three times greater than it was last January. Purchasers who are ready, willing and able to buy are in the market at great numbers.
Listing your house for sale when demand is high and supply is low will guarantee the offers made will truly reflect the true value of your property.
Design has gone to the dogs. It's true. Some of today's pet accommodations rival the finest custom homes in terms of space, design, style, and materials.
"Many of them have carpeting, heating and air-conditioning, indoor and outdoor lighting, elaborate music and entertainment systems," said the New York Times. "Some are even eco-friendly, with solar panels or planted green roofs. In fact, the only superfluous accessory in the modern doghouse may be the dog."
And the prices are nothing to turn a snout up either. Even Walmart, who, of course, prides itself on its low prices, has gotten in on this trend. They offer the Victorian Cottage Kennel Dog House for $4,400 and the Cape Cod Cozy Cottage Kennel Dog House for $4,600. Of course, these are a bargain in comparison to some of the more decadent dog digs out there.
Rockstar Puppy's custom doghouse start at $6,000 and range up to $20,000. Custom doghouse company La Petite Maisoncreates versions that are upwards of $25,000. "For the supermodel Rachel Hunter's showpiece doghouse in the Los Angeles area…hand-painted wallcovering dotted with pawprints and bones, as well as framed pictures of dogs" were included at a cost of more than $16,000," said the New York Times.
But nothing beats this Mediterranean doghouse. This mini-version of its owner's home is a two-story house with "a Juliet balcony, clay tile roof, copper gutters, and custom light fixtures," said The Barkpost. The owner: Paris Hilton. The cost: $325,000.
Mediterranean not your style? This "Swiss Chalet-style doghouse has a storybook quality," said Bob Vila. A Juliet balcony with decorative railings and matching plant boxes on the lower level allows this house to tie into the surrounding landscaping."
Have a dog who loves water? Why not give him his own pool? This "beautiful ranch style dog home made of real, high-quality lumber and stone siding" includes "a private doggie pool for summertime lounging," said the Barkpost.
Ready to pamper your pooch? The only limitations are your imagination – and your bank account.
Check out the Barkpost for more outrageous dog houses including a Frank Lloyd-inspired structure with plans created by the master himself—a doghouse they cleverly refer to as the "finest example of Prairie School of Barkitecture in existence."
And check out House Beautiful for luxury furniture for other pet members of the household, including this designer fish tank and this $700 Deluxe Lighthouse Cat Tower, "a six-foot-tall and four-foot-wide kitty tower" that offers deluxe accommodations "for the cat who adores colonial style and the sea."
How much housing you can buy with a million dollars very much depends on what city you are looking to buy in.
According to Knight Frank data cited by CNBC's Robert Frank, a million dollars goes a lot further in Cape Town than it would in Monaco.
But what about in the U.S.?
We looked at housing list price data from real estate brokerage Movoto.com and real estate marketplace Zillow.com. The diagram below shows the number of square feet of housing that you can buy for $1,000,000, based on the median price per square foot in each city:
With a median list price of $666 per square foot, San Francisco's real estate boom limits a million dollars to buying about 1,500 square feet. On the other end of the spectrum, the median list price in beleaguered Detroit is just $12 per square foot — 55 times cheaper than in San Francisco.
Considering all five boroughs, the median price per square foot in New York City is $424. Looking just at Manhattan however, that price jumps to an astronomical $1,538 per square foot, leading to $1,000,000 buying just 650 square feet.
But current mortgage rates won’t last forever…
Now that the housing market is finally on the upswing, many people are looking into buying a new home. One of the first things they have to consider before they begin the home buying process is if they are going to use a real estate agent or not. Everyone is going to be different but we put together this inofgraphic to give the American public some ideas about the importance of Real Estate Agents. Feel free to let us know what you think in the comments and don’t forget to share this with your friends.
We are deeply saddened by the events that have unfolded over the last week due to the landslide in Oso, Washington. We have heard from many of you who wish to support and provide emergency relief for those that have lost their homes and loved ones. 100% of the funds designated to the Windermere Foundation's Oso, Washington Relief Fund will go directly to the families affected by the slide, through the Darrington Emergency Task Force for immediate assistance.
You can donate online at https://store.windermere.com/content/foundation-donation. The Windermere Foundation will match the first $5,000 donated.
A special thanks to the Windermere office in nearby Arlington, owned by Gene Bryson, for raising awareness and starting the fundraising effort.
Our hearts go out to all the families affected by this disaster.
Thank you for your support.
Christine Wood | Executive Director
5424 Sand Point Way NE
Seattle, WA 98105
OFFICE (206) 527-3801
FAX (206) 393-3444
MARCH 12, 2014