Current market conditions fall 2017

Current market condition in Tippecanoe County are extremely odd at the moment. I used to be able to say that the market is good or the market is bad. This market is very segmented. Below 100,000 is still extremely hot and location is not really a factor, believe it or not. I have never sold so many houses in north Lafayette and all of them were owner occupied which will be a real boon to that part of town. Under 150,000 in a good area is still extremely hot. That’s great for seller’s and really hard on buyers. I’d say that between 150,000 and 250,000 is a stable market. From there on, the higher you go, the worse it gets. There are way too many houses on the market in the upper end and hardly any buyers. No matter what price point you are at, proper pre-market preparation is absolutely critical. The house pictured below is a fantastic example. We discovered that there were hardwood floors under the carpet, so we recommended that the sellers rip up all the older carpet. Then we recommended removing the dark paneling in the family room, painting all interior walls and trim and changing out a few light fixtures. Once all the work was done, we staged the home to look like a model home and we sold it in six days! Call Team Howlett if you have any real estate needs! 765-414-6531.

How to Purchase a House When You Already Own One.

The owner of the this house was able to follow Team Howlett’s most recommended way to purchase a house when you already own one. If at all possible, we recommend that you take a home equity loan out on your current house. Make sure that you use a lender that will “re-cast” your new mortgage. This means that you can use the proceeds from the sale of your last home to reduce the monthly payments on your new home without extending the term of the loan. Not every lender does this, so be sure to ask us for a lender recommendation! No need to double your closing costs! Then we will help you find the house of your dreams. This might take a while, since the inventory is so low. That’s why it makes so much sense NOT to sell your house until you know where you are going. Then you close on your new home and totally move out of your old house.

Master Bedroom Before

Team Howlett will advise you on what you need to do to get your house ready for the market. Pre-market preparation is crucial! Do you need to paint? Do you need new carpets in a few rooms? Do you have peeling paint outside? Should you replace the countertops in the kitchen? About half the time we are telling home owners to take certain actions and the other half of the time we are telling people NOT to take certain actions. We are in houses every day. We know what the buyers are looking for. There is no need to make improvements that won’t result in a higher sales price.

Master Bedroom After

We also recommend once everything is out of the house that you hire professional house cleaners. We have several that we can recommend. Moving is such an exhausting experience. It’s best to leave that final clean to the professionals. Team Howlett will then come in and stage your house for free! We are the only real estate team in Tippecanoe County that is doing complete staging. We furnish the living room, dining room, breakfast nook, family room, office (if there is one), master bedroom, all bathrooms and the kitchen. We will make your house look like a model home! Best of all, your house can be shown at a moments notice. It will be a vacant home, but it sure won’t look like one. You’ll never have to clean for a showing or leave for a showing.

Family Room Before

 

Family Room After

Please contact Team Howlett for all of your real estate needs! We love to help!

Call Meg at 765-414-6531

Call Eric at 765-414-1795

 

Visit Team Howlett’s Website to learn how we can help you achieve your real estate goals!!

 

 

 

 

Parkside Seafood House and Oyster Bar

Ok, I’m just going to say this. The Parkside Seafood House and Oyster Bar is the best restaurant in town.  It is located on 1902 Scott St, Lafayette.  Eric is from Massachusettes, home to the best cod in the world. We have vacationed in Maine, home to the best lobster in the world. We have lived in Puget Sound, home to the best Halibut in the world. We have lived in Pescara, Italy, home to so much good fish it takes your breathe away. Our favorite waiter always used to say “This fish is our ocean!” So we are picky.

Meg is enjoying our favorite oyster.

The oysters are so fresh that you feel the sea breeze in your face. We have dined here 3 times and have enjoyed it every time

We would also like to do a gratuitous plug for our amazing bungalow that is one block away from the best restaurant in town. This house has so much going for it. There is a complete Mother-in-law/rental/teenage get-away in the back of the house. Check it out! 1902 Thompson St, Lafayette Home for Sale

Only 2 Blocks from Parkside Seafood House, this cute bungalow on 1902 Thompson St is for sale.

We are holding an open house on November 16th from 1-3 and are holding a drawing for a $50.00 gift certificate to the Parkside Seafood House and Oyster Bar.

Come and visit us!

Meg

Architecturally Specific Home Staging

Team Howlett had a big challenge this week. We’re offering a rustic real estate property in West Lafayette IN for sale.  We wanted to give it a cabin feel without turning the property into a cliche.  In the master bedroom, we chose mission style furniture and warmed it up with a Martha Stewart quilt.

1st Floor MBR. Mission Style, wood floors and sunny windows.

The large dining room was large enough for seating for eight, so we chose one of our traditional sets and set the table for a feast! Simple white dishes, mason jar mugs, and quilted placemats add to the homey feel.

Dining Room seating for 8. Classic dining room set with simple country decorative items.

In the living room, we paired simple off white furniture with rustic coffee and end tables.  We’ve been getting the property ready for the market since the beginning of the year, so Meg has been on the prowl for decorative items with a cabin feel for several months. The feedback from the agents so far has been really positive!

Modern furniture with rustic style wood balcony. Large windows & deck access with nature views.

Please call for a showing.

Meg Howlett, Realtor, Associate Broker, Coldwell Banker Shook, 765-414-6531, mhowlett@shook.com.

Flipping your own house

There’s a lot of talk about getting rich quick by “flipping” houses. Fueled by the HGTV

Before. Dark paint, burns in the carpet, patches in the walls, windows covered, and clutter.

shows, you simply find a distressed property, fix it up, sell it and voila! You’ve made money! Right? Well, the thing is, this is much easier said than done. You have to be prepared for the unexpected. Who knew that the tub would fall through the second floor bathroom into the kitchen the day after closing?! (This happened to a client of mine when I was a broker in Washington State)

After. Living Room: Freshly Paint and Fixed Walls, New Carpeting, Sunny Windows, and Team Howlett Staging. Move-in ready home for sale!

Here’s a safer bet. If you are considering moving for whatever reason, how about flipping your own house? New carpet, paint and other more minor repairs can make a world of difference. If you want to do the work yourself, please have Eric and I stop by ahead of time to give a free consultation on the best way to proceed.

 

Before. Lots of clutter. Damaged walls, burn marks in floor.

Check out these before and after pictures from our seller in Lafayette! Our seller was out of town, so Team Howlett, with the amazing help of Property Solutions, did the “flip” for him. Jeff Martin,owner of Property Solutions, is a genius in getting the biggest bang for the buck for our sellers. He painted the entire interior, including walls and all trim, replaced both bathroom floors, recarpeted all bedrooms and great room, and put a new counter top

After. Freshly painted walls, repaired flooring, cleaned, cleared and staged. Then fantastic photos to market.

and mirror in the master bath. All materials and labor were only 5,000 and the seller stands to make at least twice that from putting the money in ahead of time.

 

 

 

Before. Master bedroom. Dark, damaged walls, stained carpets.

 

Then Team Howlett came in and worked our FREE staging magic!  This transformation of real estate in Lafayette is astonishing!  Click on any of the photos to expand!

 

 

 

After. Newly painted, sunny windows, new carpets, and staged to perfection.

We never get tired of seeing a job well done.  Give us a call to see how we can help you!  We pride ourselves on pre-sale project help, great staging and then fantastic photos!

 

 

 

 

Before. Master bath. Burn marks on sink, worn sink, damaged mirror, scratches on walls.

Team Howlett.

Meg Howlett, 765-414-6531.

Eric Howlett, 765-414-1795.

Realtors. Residential Real Estate Experts.  Coldwell Banker Shook Broker Associates.

 

After. New countertop, new mirror, new vinyl flooring, freshly painted and staged with decorative items. A bathroom you would be proud of.