RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Climate Control, Lighting, Security Most Popular Smart Home Upgrades

September 19, 2016 1:45 am


More homeowners are springing for a smart home makeover, so much so that renovated homes today are more than twice as likely to include a smart system or device, according to the recently released U.S. Houzz Smart Home Trends Survey. The results of the survey, which, in conjunction with CEDIA, assessed nearly 1,000 renovators either planning, in the midst of, or who have recently completed a home renovation, indicate 45 percent of homeowners are incorporating (or have incorporated) smart home technology as part of a renovation.

“Our data sheds light on how renovating homeowners are embracing smart technology,” says Nino Sitchinava, principal economist at Houzz. “These homeowners aim to improve the comfort, convenience, safety and energy usage of their home during their renovations, and smart technology appears to address many of their needs.”

Why the smart move? Homeowners are installing smart home technology for:

Safety/Security
Twenty-five percent of homeowners surveyed upgrade to features with smart technology to protect their homes against intruders (67 percent) or control and monitor the safety of their homes while they’re away (52 percent). The majority of those upgrading for safety/security reasons spend $1,500 or less.

Climate Control
Fourteen percent of homeowners surveyed upgrade to features with smart technology to improve the comfort of their homes (71 percent), reduce energy consumption (68 percent) or control and monitor the device while they’re away (41 percent). The majority of those upgrading for climate control spend between $1,501 and $2,500.

Lighting
Twelve percent of homeowners surveyed upgrade to features with smart technology to reduce energy consumption (59 percent), improve the comfort their homes (54 percent) or change the “mood” or “vibe” of their homes (34 percent). The majority of those upgrading for lighting spend $1,500 or less.

The most common smart home devices, according to the survey’s results, are:

• Fire/Gas Alarms
• Cameras
• Door/Glass/Motion Sensors
• Door Locks/Video Doorbells
• Thermostat
• Television
• Speakers
• Video/Music Streaming
• Indoor/Outdoor Lighting

“While many homeowners report difficulty learning about and finding the right smart products to fit their needs, high levels of adoption and satisfaction among renovators are sound predictors of a wider reliance on these technologies among the general public in the near future,” Sitchinava concludes.

Source: CEDIA
 

Published with permission from RISMedia.


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A Multitude of Tips for Multiple Offer Situations – Pt. 1

September 19, 2016 1:45 am


Multiple offer situations, or cases in which more than one competing offer is placed on a home, can be challenging for a homebuyer, especially one new to the process.

Knowledge is half the battle when navigating the multiple bid minefield. Below are insights and tips from the National Association of REALTORS® (NAR) all buyers should be mindful of.

• While a listing agent can offer advice and suggestions, all decisions about how offers will be presented—and dealt with—are made by the seller. Your agent likely has other buyer clients, some of whom may be interested in the same properties as you are, so ask how offers and counter-offers will be presented and negotiated.

• Sellers can handle multiple offers in the following ways: accept the “best” offer; inform all potential purchasers that other offers are “on the table;” “counter” one offer while holding others awaiting a decision on the counter offer; or counter one offer while rejecting the others.

• Generally, purchase offers are not confidential—in some cases, sellers may make other buyers aware that your offer is in hand, or even disclose details about your offer to another buyer in the hope of convincing that buyer to make a “better” offer. You may want to discuss the possibility of making an offer confidential, or establishing a confidentiality agreement between you and the seller, with your agent prior to negotiations.

• There are advantages and disadvantages to various strategies. A low initial offer may result in obtaining the property for less than the listed price, or it may result in another buyer’s higher offer being accepted. On the other hand, a full price offer may result in paying more than the seller might have required. In some instances, there can be several full price offers competing for the seller’s attention—and acceptance.

Keep in mind, most importantly, that your agent’s guidance is based on experience, and is no guarantee as to how any particular seller will act (or react). Above all, your best line of defense is an agent seasoned in multiple offer situations.
 

Published with permission from RISMedia.


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