Sweet Home Sioux Falls

Providing knowledge about real estate and all things Sioux Falls.

Tag: new homeowner (page 1 of 2)

What Do The Numbers Say?

Unless you don’t check Facebook often, or read the occasional news story, you know that Sioux Falls is experiencing low inventory. It is a seller’s market with high demand and low supply (see previous post). But exactly how low are we talking? Here are the main points when looking at the Sioux Falls Market Statistics for the first quarter of 2017, or better known as Sadie’s 5 minute math lesson.

 

[I will make it as painless as possible for all of you that struggle with math]

 

In the last three months, there were 37 houses under $100,000 sold in Sioux Falls, which means there was on average 12.3 closings per month. This 12.3 is also known as the absorption rate.  There are currently 17 houses under $100,000 on the market today, which tells us we have 1.38 months of inventory (Active homes (17) divided by absorption rate (12.3) = 1.38). If not one more house came on the market, it would take 1.38 months to sell all 17. To put it in perspective, a balanced market has 5-8 months of inventory. Sioux Falls isn’t seeing those numbers until we reach the $300k-$400k range!

For the $100k-$200k price point, there were 238 homes sold in the last three months.

238(homes sold)/3 months = 79.33 homes sold per month = ABSORPTION RATE.

There are currently 51 homes on the market in Sioux Falls between $100k-$200k. If we take the absorption rate (79.33) divided by current homes on market (51), we get .64. That means we have less than one month of inventory for this price range. UNHEARD OF!

 

If you are thinking about being a move-up buyer, now is the time to get the most return from your first home and the best deal on a more expensive home. If you are looking at the under $200k range and thinking waiting will be better, I tell you that finding affordable homes in growing Sioux Falls will be a difficult task for the forseeable future. I will work diligently and fast so you are one of the first people to view those desirable homes. It’s going to be a rough one out there this year, but I’m up for the challenge.

 

[For more information about market stats in Sioux Falls or to view homes that are currently on the market, contact me through Facebook or at 605.261.8396!]

What is Your Home Worth?

Supply and demand. It’s what drives society. At the grocery store buying fruit? You may want to know what’s in season and in biggest supply for the best deal. That hot electronic item of the year? It is most likely sold out by October because of high demand and then only found at a higher price tag.

Supply and demand ebb and flow until it finds an equilibrium. But right now, I can tell you the DEMAND for houses, especially under $200,000 far out weighs the SUPPLY here in Sioux Falls. It makes the hunt that much more timely and the chance of multiple offers more of a sure thing than a possibility. If you think your home falls in this price range, let’s talk. While demand is extremely high, let’s get you the best price for your home and in to a new one with a bigger down payment.

[Call or text 605.261.8396!]

 

The first question is “What do you think my house is worth?” I will gladly answer that by doing a comparative market analysis on your home. After looking at your home, similar homes that have sold in your area, and those coming on the market today, my excel spreadsheet of equations and I will share our suggested number. Hear me when I say this is a NO OBLIGATION appointment. You won’t hurt my feelings if now isn’t the time to sell, or if the number presented isn’t what you expected. I truly want what’s best for you and your family and would be honored to start the journey with you, regardless of the timeline.  With a better idea of what you would return on your home you can better make your future plans instead of doing it blindly.

 

[Small snippet of the market analysis]

If you would like to know what your home is worth, please reach out, I would love meet and catch up or meet for the first time! Spring is already here for the real estate world, don’t miss your opportunity.

Steinberg Shares Strength

The majority of us created health goals at the beginning of the new year. Flash forward five weeks, it’s pretty easy to gradually fall off the bandwagon (I may or may not be talking from experience).

Jason Steinberg is a strength and conditioning specialist in Sioux Falls and is just the person to provide the motivation and guidance we all need to meet our goals. And he can help in the comfort of your own home! About 30% of his business is spent with in home clients. Lack of equipment can be a challenge with in home workouts, but with a couple hand weights, resistance band and/or just body weight, he can create a work out plan that produces real results.

5 Elements of a Healthy Lifestyle

  1. Exercise
  2. Diet
  3. Sleep
  4. Stress Management
  5. Supplements 

Jason can provide support and accountability for all 5 areas of a healthy lifestyle. He stopped by my own home and showed me some basic moves that can still provide a killer work out outside of the gym. Check out the pictures below!

 

[When working out at home it’s still important to stretch and warm up before activity]

 

[Resistance training will burn calories longer]

 

[No need to drive to get a work out in]

 

[Be more comfortable in your own home than a gym]

 

[Circuit work outs are best when trying to lose weight]

 

To learn more about Jason and the services he provides, visit his website siouxfallsfitnesstrainer.com. He loves helping people and creating unique plans for each individual he works with.

Are you ready to step up your home work outs with a personal gym in your home? Whether that means room for a treadmill or a whole room devoted to work out machines, I can help you find the home that supports a healthy lifestyle. Visit my Facebook page or give me a call/text at 605.261.8396 to chat about your goals!

 

 

 

Getting The Stamp Of Approval

Yesterday I celebrated my four year anniversary of closing on my first home. I didn’t expect to own a home at 23 years old, but I am beyond grateful the seed was planted in my head and I explored my options and ultimately  found out it WAS possible for me. Many people continue to rent or live with their parents not knowing the process of getting approved and in a home is easier than they think. I sat down with Fairway mortgage banker Michael Benton to ask some questions about getting in to your first home:

 

What is the biggest misconception about financing your first house?

There are many misconceptions regarding financing a home but the most common would be with the down payment. A majority of borrowers believe you have to have a 20% down payment in order to purchase a home. There are several loan options that require a substantially less down payment, and for first time home buyers most states offer mortgage programs that assist with down payment and/or closing costs.

What is the first step when purchasing a home?

The first step is to speak with your mortgage lender and determine how much you can afford. Nothing is worse then falling in love with a home that is out of your price range. Getting pre-approved prior to home searching will save you and your realtor a lot of time and effort. I might put in that you should do a family budget to determine what payment fits the best within the budget.

 

[Getting lots of valuable information from Michael Benton]

 

What kind of loan do most people receive?

The three common mortgage loans widely used are: Conventional, FHA, USDA. No one borrower is the same, and so these programs should be selected based on how well the loan products meets their overall financial goals. During the loan application process the loan officer will help determine what the best program would be based on each specific clients overall financial picture.

How much money do you need as a down payment?

Each mortgage program requires a certain percentage of the loan to come from the borrowers own pocket or a gift. Conventional loan requires as little as a 3% down payment for first time home buyers, but generally requires 5% for all other loan purposes. FHA requires a 3.5% down payment, and USDA requires “NO” down payment. Please consult your mortgage lender as your down payment could change depending on your mortgage loan purpose and qualifications.

What advice would you give to someone on the fence about continuing to rent versus buying?

I would say have a great understanding for your current financial situation and what your wanting to accomplish. The number of years you plan on staying in the area will help determine whether you should buy or continue paying rent versus paying a mortgage could be considerably less than you think. Also, consider the pros and cons of owning versus renting i.e upkeep, privacy, building equity etc.
Your lender should be able to provide you with a Buy vs. Rent analysis and a Cost of Waiting analysis to better help you make your decision.

 

[My first home in 2013]

Getting approved and moving in to my first house was one of the most fun and rewarding times of my life. I have now spent four years building equity rather than paying a landlord and getting nothing in return. Getting pre-approved doesn’t cost a penny and has no obligations, so why not call Michael and see where you stand today. Your dream home might not be as far away as you think!

 

Click here for Michael’s Facebook page!

Click here for Sadie’s Facebook page!

Thanking Thanksgiving

I’m hoping your plan for the day is similar to mine. I plan to eat so much food I am in a blissful trance of fullness and happiness the rest of the weekend. Thanksgiving is the perfect day to wear stretchy pants and eat too much with the ones you love. It is also a great reminder to be thankful for all that we have before entering in to a season that can sometimes be the season of “want.” Thank you Thanksgiving, for the day off of work, for a day of not counting calories, and for the time to pause our busy lives and be thankful.

While I too am thankful for my family, friends and food on the table, I wanted to focus on what I am thankful for in my home. I am creeping up on my 4 year anniversary as a home owner, and I am so thankful every day for what homeownership brings to my life that living in an apartment could not.

 

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[Paisley and Orange Kitty sharing the love]

First and foremost, my home is complete with these two fur balls. There are no animal restrictions when living in a house, which means I look forward to adding more furry friends to my home in the years to come! There are so many animals at the Humane Society, I wish all rentals allowed pets, but unfortunately they do not, so that is one big perk to owning your own home. I hope I can love my future children as much as I love these kitties. #crazycatlady

 

garage

[Cars as snug as a bug in a rug]

The next perk some rentals may have, but with a house, there are no extra charges. I am SO thankful for my attached garage, especially during the painful winter months. With a push of a button I am able to pull in to a snow-free, slightly warmer space for the night. It is a simple luxury, but one that I appreciate daily.

 

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[Picture wall is still in progress]

If you know me, you know I love my pictures. Some rentals are particular about nail holes and may not allow any. While there are ways around that, I am happy my pictures are secure with nails and I don’t need to worry about them falling down. These are my walls and I can do what I need to to fit my style and family.

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[Saving money makes us happy]

A perk to owning versus renting that is not aesthetic is being able to pay yourself instead of a landlord. Every month I write a check to the bank which in turn builds my equity instead of going in to the pocket of someone else. You can’t see the benefits to this right away, but you will thank me later. Often times price to square foot is better in a home as well (double bonus!).

 

Owning a home takes work, but the benefits far out weigh the negatives. I am in charge of my surroundings, I am paying myself instead of a landlord, and I have a place to call home that is truly mine. I am beyond thankful that owning a home is feasible for me at this age. Especially in this market, you would be surprised what you are capable of. Let me connect you with a great mortgage banker to see what you qualify for!

 

Thank you thanksgiving for this designated time. And thank YOU for reading. I am blessed to share my passion for writing and helping others.

 

HAPPY THANKSGIVING! EAT ALL OF THE PIES!

Sunday Funday Realtor Style

The change of seasons seems to get me in a shopping mood. And what more fun thing to shop for than a new house! Let’s get you in to a new house before Jack Frost makes his bitter return to the midwest. Which means we should start the hunt today!

This Sunday I will be hosting an open house at 3012 W Courtyard Lane in Sioux Falls from 1- 2:30 p.m. This 4 bedroom, 3 bath home with a three stall garage has all the room you would need for a growing family!

 

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[Located in southern Sioux Falls with new roof in 2015]

 

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[Walk out leads to spacious backyard and entertainment space]

 

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[Open floor plan and stainless steel appliances]

 

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[Stop by for a sweet treat!]

 

To see more of this gorgeous home, come visit me this Sunday! If you’re unavailable, we can set up a private showing that works with your schedule.

And if you want to know what other open houses are happening, contact me about my free mobile app that allows you to see that information and more!

 

Have a great weekend Sioux Falls!

The Grass Will Be Greener With Mark Everhart

Don’t be the neighbor with the untamed, weed-infested lawn that everyone rolls their eyes at while driving by. Be the neighbor with an elusive green lawn without a dandelion in sight. You will thank yourself later for the incomparable curb appeal.  Mark Everhart, owner of Everhart Landscaping, can perform regular mowing, keep the weeds out, and maintain a healthy lawn for you and your family. I have known Mark a few years now and can attest to his honest, hardworking and passionate service. He truly cares about your lawn and will take the time to explain his work and the benefit it provides. I love having a green, weed-free lawn with out breaking the bank!

Below are paraphrased answers from Mark about his fertilization process and why he loves seeing and treating home owner’s green lawns!

 

How did you get started in landscaping?
I got started in the lawn service after driving my stepfathers car across the Canton practice football field in the spring of 1976. I had to fill the ruts and seed grass. Twenty years later, I fell in love with taking care of grass at a Reformed Church Ministry in Annville, Kentucky. Forty years later I am still taking care of grass.

 

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[Mark doing a spring application on my lawn in Sioux Falls]

 

What do you love most about taking care of other’s lawns?

I love the business and personal relationships I create with customers. I also enjoy the beauty of a nourished lawn. I believe a healthy and beautiful lawn is an experience and can contribute to your overall health.

 

 

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[Mark walks an average of 3 gallons per 1000 feet]

 

How does your fertilization process differ from the self applications done by the homeowner?

It is difficult to control weeds with bag fertilizer. With liquid fertilizer, there is better contact with the weed which kills them more efficiently, especially in the spring.  Liquid fertilizer offers a residual kill by absorbing through the plant versus the soil.

 

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[This 300 gallon tank holds herbicide for weeds and fertilizer]

 

What general advice do you have for homeowners taking care of their lawn? Especially those that are considering resale in the next year or two.

Especially if you are planning on selling your home in the near future, I would hire a professional service in time to do 2 applications. This will be to start the fertilization process and stimulate the grass. From there, you can make the decision if the lawn needs more attention.

 

What is the biggest mistake you see in lawn care?

The biggest mistake you can make in lawn care is doing nothing at all. You have invested time and money in to your home, so it is important to keep up with lawn care just as it’s important to keep up with maintenance. Rather then ‘letting it go’, doing a couple applications a year and a little up keep will save you a major headache down the line.

 

If you want ideas on how to get your house looking its best, give me a call or text at 605.261.8396, I would love to bounce around some ideas! And for a beautiful and healthy lawn, be sure to contact Everhart Landscaping! 

 

“So Powerful, So Unbelievable, And It’s True”. 

I was lucky enough to be in college during the 2008 economic crisis.  While I worked some jobs part-time, I was studying full-time so I wasn’t doing any serious job-hunting when many companies were at risk or significantly tightening their belts.  I didn’t own a home yet so “sub-prime loans” and “adjustable-rate mortgages” didn’t mean a whole lot to me. I was in college bliss, the worst of my worries were paper deadlines and making it to my 8 a.m. class.

While it is by no means a documentary, the movie The Big Short opened my eyes to this time in history and how some people got themselves in major financial trouble. The movie The Big Short is at times confusing, but a fascinating moving with an unbelievably talented (and not to mention beautiful) cast. Check out the trailer below if you haven’t seen it!

 

 

As realtors, our team is rarely in the office at the same time. So I planned a mid-week movie night for The Nelson Group to get together, eat some food, have some laughs, and chat about a movie that relates to what brings us all together, the housing market.

I can’t begin to articulate our great discussion after the movie, but I’ll just tell you it was fun to discuss the similarities and differences of the 2008 housing market compared to now, and how the crash affected Sioux Falls.  The Big Short is a must see and is now on Netflix!

 

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[Team Selfie! After Kaylee and Beth had to leave]

 

Mortgages, the housing market and knowing when to buy or sell are all difficult subjects to understand. I want to answer all of your questions and help you make the best decisions for you and your family. Call 605.261.8396 to chat about your housing dreams today!

 

Click here to visit my Facebook page!

Click here to visit the Nelson Group Facebook page!

 

Welcome Home.

I may be giving away my secret here, but I wanted to share about what I’ve been doing for a closing gift for my clients. It has been the most fun creating a fun gift for them to find in their new home. I LOVE surprises! And I love thanking my clients in a unique way for choosing me as their realtor. It means more than they know.

Keeping with my philosophy of shopping local, every goodie I put in my basket is purchased from a local business. I figure my job is selling Sioux Falls, so I better support Sioux Falls in any way that I can. Plus, you find way more unique and fun things at the smaller shops.

 

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[Welcome home gift for my clients with a young family]

I start with purchasing a bottle of champagne and a salty snack at Lewis Drug. Their fridge is probably pretty empty, and a glass of champagne sounds like the perfect break from all the moving they will be doing. I also found this fun house puzzle at Lewis Drug. Way to help me stick with the theme, Lewis.

There are also many other local toy stores that I look forward to stopping in for future gifts for the kids!

 

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[Gift ideas at Josephine’s Floral]

My next stop is Josephine’s Floral at 8th & Railroad where I pick out a plant of some kind that will live longer than a flower, to remind them of this exciting change in their life. There are so many cute items in this store, I love stopping by!

 

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[Macarons at CH Patisserie]

Last but not least, I stop by CH Patisserie for a sweet treat to add to the basket. If you have been here, I’m sure your experience can speak more to this store’s awesomeness than I can. And if you haven’t, you should make it your next stop. Every dessert is delicately and thoughtfully made, and not to mention delicious. We are lucky to have a dessert place of this caliber downtown Sioux Falls.

 

SofaSpotlight

[Sofa by Furniture MART]

Finish it off with a hand written thank you, and a gift card to Furniture MART,  my custom welcome home basket is complete! A perfect mix of practical and indulgence gifts to kick of their first few days in their new home!

I am so glad I made the leap in to real estate, it has been such a FUN and rewarding job. I would love to work with you NEXT!

 

p: 605.261.8396

e: sadiehalberstadt@kw.com

Party Planning Pointers From the RDE Team

Did you or someone you know get engaged over the holiday weekend? Fourth of July is a great day to POP the question, and if you did, now is the time to start planning with an experienced and creative team.

I have been friends with Redefined Designs & Events  owner Lucy Henglefelt since I was a sophomore in high school and she was yelling  at me to stay in a straight line during colorguard practice for the LHS marching band. Those were the good old days.

Since then, I have witnessed Lucy on her creative journey to owning her own event planning business. She is truly passionate about what she does whether she is planning a wedding, dinner party or house warming party. No question you will want this girl and her team for your next event.

 

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[Lucy and I bookending a photo during a Christmas Party she hosted for us girls. All LHS colorguard alum]

 

How would you plan a housewarming party different than a shower or wedding?

A housewarming should be more laid back than a formal gathering such as a shower/wedding. The key is keeping things simple so you can enjoy the festivities with your guests as well.

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[ Simple but cute centerpiece]

What do you believe are appropriate gifts for a housewarming party?

Make sure it’s something small, a bottle of wine or perhaps a gift card to a local home improvement store-projects always pile up with newly found home ownership.

Who should you invite to a housewarming party?

Whoever you would like to see your new home! Just make sure the guest list isn’t too much for your new space to handle.

What is your favorite event to plan?

Weddings are my favorite-being a part of a couple’s special day is an amazing honor. Guiding couple’s through the wedding planning process and helping them make informed and educated decisions is my passion! Assisting them in making their wedding dreams a reality gives me such joy.

 

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[I don’t know about you, but this RDE Crew looks FUN]


How did you make the leap of starting your own event business?

With a bachelors degree in interior design I always knew I wanted to pursue a career that would challenge me and fulfill my creative side. I didn’t discover the world of wedding planning until I was planning my own wedding and felt I had a knack for it. Five years later-here we are!

Any fun facts or stories about parties you’ve planned?

The best party I ever planned was a joint birthday party for two special little girls that were turning 8 and 3. They had no idea about the party and when they arrived they were super surprised to see a photo booth and pink everywhere.

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[Themed birthday party]

 

Getting married and purchasing a new home are two of the most monumental events in a person’s life. Let Lucy and I guide you through these amazing, but stressful times. And once the home buying process has closed, she can throw an amazing house warming party to celebrate!

See Lucy and her team this Saturday at 9 a.m. at the beautiful Blue Haven Barn and Gardens for a bridal brunch by GonnaGetWed. It’s going to be a great event to meet numerous wedding vendors in this new venue!

And once you’ve taken the leap into marriage, contact me at 605.261.8396 to talk about purchasing your first home as husband and wife. Exciting times!

 

Visit the Redefined Designs & Events Facebook page!

Visit the Sadie Halberstadt – Keller Williams Facebook page!

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