Blog :: 08-2020

Tips for Properly Storing Your Wine at Home

Let's face it. Since March, we've all been spending A LOT more time at home. We've binge watched our favorite shows. We've had Zoom calls with friends and family. And perhaps even imbibed on some quarantine cocktails.

There are countless online recipes for "quarantinis." But maybe traditional cocktail recipes aren't for you, and you've been enjoying some of your favorite red and white wines while in lockdown.

Whether you are a big wine connoisseur, just saving a few bottles to crack open on special occasions, or keeping a stockpile for evenings in the backyard, it’s important to understand how best to store them safely until you’re ready to partake. Here are a few guidelines for keeping your wine in tip-top shape at home.

Temperature

To ensure each wine bottle maintains the proper flavor and aroma, storing it at the correct temperature is essential. Regardless if it is red, white, or sparkling, storing your bottles at 53°F to 57°F is most ideal. Keeping your bottles in a room where the temperature is much warmer than that may cause the flavor to become flat. Keep your wine in the dark and away from direct UV rays as much as you can to protect the wine’s flavor. 

Moisture

Controlling the humidity in the room is important if you plan to store bottles for more than a couple of years. The ideal humidity for storage is between 50 to 75 percent and anything below that could cause the corks to dry out, letting air seep into the bottle.

Positioning

Generally, it is advised to store wine bottles on their sides. This allows the wine to stay up against the cork which should aid in keeping it from drying out. However, if you don’t plan to store the wine for long or if the bottle has a screw top or plastic cork, this is not required for safe storage.

Timing

Not all wine is designed to have a long shelf life or be aged. Make sure you know what the winemaker’s intention was for that particular bottle. It is always better to open it a little early and enjoy it!

We hope you continue to stay safe and enjoy your social distancing time, and if a glass of wine is your thing, we say "Cheers!"

 

Buying Strategies in an Age of Multiple Offers, Bidding Wars, and Above-Asking Sales

We are in the midst of a very unique time in real estate. The pandemic has led to lower interest rates, homeowners are hunkered down in the comfort of their own homes – opting to stay put –  while long-time-city-dwellers are looking to escape the close proximity of the city for the renewed comfort and safety of the suburbs.

That means it’s an attractive time to buy, financially. There is low inventory availability, and there’s exceptional demand for properties outside of the city.

Bottom line: It is a complicated time for buyers!

Homes are selling fast, with multiple offers, for as much as 20-30% over asking price.

As a realtor, the first thing I do when working with prospective buyers today is set expectations. By setting expectations about the reality of the current environment, we mitigate the potential for frustration while helping the buyer understand how they can best position themselves for success when the right property comes along.

There are a number of guidelines that can help make buyers more attractive to sellers, especially if they are looking at a multiple offer situation.

1.  Plan ahead and get a pre-approval with a well-trusted, local bank.

As a realtor, I look favorably at local banks and lenders that are trusted by realtors and the local community. Ask your realtor who they trust, and if your comfortable doing so, ask other realtors and friends within the community.

Using a reputable, local lender, with a good reputation in the community can help move the process along faster, with fewer approval and closing date delays. This can give you an edge in a multiple offer situation.

2.  If you can do a pre-inspection before making an offer, do it!

Personally, I would never recommend that my clients waive a home inspection. That can be a risky proposition, but you may be able to do a home inspection prior to making an offer!

In the current real estate market, many sellers are delaying reviewing offers for days, which may present an opportunity for buyers to conduct a preemptive home inspection. Essentially, this is a home inspection before the offer is made, and this allows you to waive the home inspection when you make your formal offer.

If a seller won’t give you permission or access to the property to do this prior to making an offer, you can schedule your home inspection prior to the offer deadline, meaning you could make it happen faster than the typical 10 days. Sometimes, cutting this down to 5 days can be attractive to a seller giving you a potential upper hand.

3.  Have your realtor find out what’s important to the seller.

Maybe the seller wants to stay in the house for 4 months. Maybe they would rather not be bothered by having to clean out the contents of the shed. Have your realtor try to find out what would make the sale and transition easier for the seller. There may be small things that you can do, if you have some flexibility, to make you a more attractive buyer.

4.  Don’t get caught in the feeding frenzy.

Homes are selling quickly and for over asking prices. You don’t have to get caught up in that frenzy. This, too, shall pass.

If, however, you find the property of your dreams and you’re prepared to really go after it, make sure you are fully informed. Determine what the house is worth on paper by talking to your realtor and reviewing comps to justify the price. Then, determine what the property is worth to you! Because we’re in the midst of a unique time in real estate, knowing what the house and worth, and what it’s worth to you personally, is essential to make an educated decision about your offer.

If you’re going to make an offer above asking, do it for your own reasons, not simply because you feel like the market demands it, and you have to.

5.  Hire an experienced, full-time realtor.

When things are selling quickly, you need a full-time realtor who is always available, ready to move fast, and is on top of all of the important details. 

Realtors, who have been at it for a long time, also have other tricks of the trade. They may not publicize their trade secrets – but experience brings knowledge and strategies for making things happen. When you are considering a realtor, ask if they have any strategies or tactics that they employ to help their buyers look more attractive to sellers.

6.  Pick up the phone. 

Yes, texting is convenient, but it never paints the full picture. Be prepared to speak to your realtor as frequently as needed to ensure you are working together to execute a flawless search and attractive buying strategy.

Following these steps can help put any buyer in a more attractive position in this unusual real estate market. Be diligent, thorough, and don’t get frustrated.

If you’d like more information, reach out to Jessica Tully at jessica@molisserealty.net or 978-835-3879.

 

Your Online Home Search – Be Prepared!

In the age of Covid-19, we all find ourselves doing things a lot differently than we did in the past, including searching for our dream home.

Hunting for a new property online is a great place to start your search, but it should not be your end all be all. Realtors who have listings for what they expect will be high-demand properties as scheduling weekend appointments – often in 15-minute increments – in lieu of the traditional open house format.

This is a great safety precaution, but it makes it especially important that new home buyers stay on top of new listings, open houses, and appointment schedules for properties they are interested in.

With historically low interest rates and historically low inventory levels, many properties are selling in record time, with multiple offers above asking price. While it may be tempting to make a quick offer to avoid a bidding war, we always recommend seeing your prospective purchase before making an offer.

Good listing agents are excellent at highlighting the best features of the home, but keep in mind there may be more than meets the eye. To make the most of your time and efforts and gather a well-rounded picture of home listings online, keep the following three things in mind.

  • Stay up to date. When you start your search, make sure you find a site that pulls up-to-date listings directly from the multiple listing service (MLS) where real estate agents actively post their most current homes for sale. Many online resources update less often or fail to remove listings that are off the market, making it more difficult to sort through the clutter.
  • Pictures can be deceiving. Real estate photographers are experts at showing a home in the best possible light. Many use tools and strategies to boost appeal, such as a fisheye lens to make areas look larger and creative editing to make colors and textures really pop. But, often listings will not contain photos of unappealing parts of the home, like small closets or outdated bathrooms.
  • See it to believe it. Once you find what appears to be your dream home online, call up your real estate agent and schedule a showing. You want to take the opportunity to vet the home in person and explore every part of it before beginning the offer process. Your real estate agent will help you cover all your bases and will ask questions you may not have thought of.

If you’re trying to formulate your buying strategy, our certified Realtors can help you put a plan in place to find your dream home! If you’re looking for an agent to guide you through your home-buying journey, you can find all of Molisse Realty Group’s professional agents RIGHT HERE!

 

    Comments

    1. No comments. Be the first to comment.

    What to Repair to Maximize Your Sales Potential

    We see clients struggle with the age-old question whenever they are preparing to list their homes: what should I invest in repairing before I list?

    When you’re getting ready to list your home, of course, it’s very important to ensure you are showing your property in the best light. Taking time to highlight its strengths and fix up some of its possible weaknesses can make a big difference in how fast it sells. At the same time, over-investing in unnecessary repairs should be avoided.

    Here are four recommended repairs to make before selling your home – and they won’t break the bank!

    Repaint walls.

    Giving your home a fresh coat of paint is one of the most cost-effective ways to spruce it up, and generally, it can be a do-it-yourself project. Make sure to cover any walls with scratches and chips and consider updating any accent walls with a more neutral coat.

    Repair floors.

    Hardwood floors are a very desirable feature in a home, so you want to ensure they look their best by fixing scratches or dull areas. If your carpet is worn or stained, consider replacing them. And don’t forget the tile in your kitchen or bathrooms. Re-grouting can go a long way in making dingy tile work look brand new!

    Refresh the landscaping.

    Show buyers your home is the complete package by dressing up the outside as well as the in. Clean walkways and driveways, plant seasonal flowers and plants, trim hedges and trees, and fill in mulch and gravel. It’s important that your home look as desireable as possible from the curb!

    Fix your fixtures.

    Leaky faucet? Rusted drains? Loose drawer handle? Making these small fixes can make a big difference to potential buyers with detailed-orientated minds. Improve your kitchen. An outdated kitchen can be a real eyesore in a home. 

    If your property is very tired, and you want to command top dollar, updating cabinetry, repairing or replacing countertops, and installing new faucets and sinks may be worth the investment

    If you have questions about what repairs you should invest in, reach out to one of our agents. We’ll make sure you only put as little in as necessary to ensure you get the most you possibly can out of your home sale!