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Jeff Stoffel | Blog

Thursday, July 25, 2019   /   by Jeff Stoffel

The millennial monsoon: How preferences are shaping demand

Millennials are the largest generation in U.S. history, and their collective lifetime spending power is estimated at a whopping $10 trillion. Analysts predict the mega-generation will influence industries including real estate for years to come.

A few ways millennials are impacting real estate these days:

They prefer to own, not rent. Contrary to popular belief, 53 percent already own homes — and 88 percent of those who don’t wish they did.

They switch homes frequently. Millennials keep their homes an average six years before selling, compared to 10 years for other homebuyers.

They optimize technology for house hunting.  In 2017 58 percent of millennial buyers found their new homes via mobile device.

Half prefer new homes. Analysts say many lack the time and/or money to conduct their own renovations and repairs, often due to crippling student debt. ...

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Thursday, July 25, 2019   /   by Jeff Stoffel

Cost vs. Value: Which Home Improvement Projects Have the Highest ROI?

Home improvement projects can seem attractive as summertime comes around, but not all upgrades are equal. Remodeling magazine recently released its 2019 Cost vs. Value report, comparing costs for 22 of the most popular professional remodeling projects in 136 U.S. markets. The report outlines how much real estate professionals believe the various types of investment will improve a home’s resale value.

According to Remodeling, “curb appeal” projects, which enhance the appearance of a home, provide some of the highest returns because they improve a buyer’s first impression.

The five home improvement projects below specifically yield the highest returns on investment across the country.

Garage Door Replacement (97.5% ROI): Removal of an existing double-car garage door and installation of a new insulated door with windows.

Average cost: $3,611

Average resale value: $3,520

Window Replacement (V ...

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Thursday, July 25, 2019   /   by Jeff Stoffel

What Singles Look For in a Home

Single and ready to…own a home? Today, more and more people are looking to buy a home before they enter into relationships. In 2018, singles made up over 20% of the home buying market, and that number may grow this year. As a real estate agent, are you ready to cater to this growing demographic? Here are some things to remember that may help you navigate this type of home buyer.
Their Safety is Top PriorityWhile most people generally value their safety, singles may make it a higher priority since they will more likely be leaving and returning home on their own. When showing a home to potential home buyers, make sure to highlight aspects that may make them feel more secure. These can include structural features such as an attached garage and window locks, as well as neighborhood qualities like well-lit streets and bustling businesses nearby. Guide them towards properties in close-knit communities, since neighbors there may be more on the lookout for each other’s well-being ...

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Tuesday, July 23, 2019   /   by Jeff Stoffel

5 Home Projects to Complete in 10 Minutes or Less

You probably have a laundry list of projects you’ve been meaning to complete around your home. Luckily, there are tips to help you complete some of these tasks in ten minutes or less. Your home can feel more organized (almost) instantly.
Organize your kitchen pantry: Start by sorting out expired items. Now organize your shelves by function. Separate snacks, baking necessities, spices, and more. Take inspiration from your favorite grocery stores. This ten minute task can save you time when you’re cooking your favorite recipes or making a quick midnight snack. As an added bonus, it reduces the chance of adding salt instead of sugar or vice versa.
Make natural cleaning products: Skip the store. Make your own cleaning products using things you probably already have on hand. You can save money, have a clean home, and be more environmentally friendly. Get started by making these natural cleaning solutions.
Organize your closet: Set a timer and organize your ...

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Tuesday, July 16, 2019   /   by Jeff Stoffel

STARTER HOME BASICS ...How to own a home

What comes to mind when you picture your ideal home? A pool? Tennis courts? So many rooms that people FaceTime from opposite ends of the house instead of meeting in the middle? That all sounds great?but before you can live like Beyoncé, you have to start somewhere. We sat down with Trenton Hoggard, a CENTURY 21 agent at Wright-Pace Real Estate in Jonesboro, AR, to get the inside scoop on buying and owning a starter home.


Ah, renting. Landlords, roommates, the neighbors who seem to either loudly argue or purposely park in your driveway?it can get old pretty quickly. Here’s the good news, the difference between renting and buying a home may seem huge?especially when you factor things like student loans into the picture?but in reality, the costs are more similar than you would think. Having student debt is “not going to be a deal breaker” when it comes to buying a house, says Hoggard. In fact, Hoggard adds that the ...

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