And when it comes to buying or selling a house, it turns out some of the very best -- ones that can translate into big bucks -- are those maybe only someone with Glen Kelly' imagination would think of.
March is the most profitable month. For sellers, that is. According to Spencer Rascoff, CEO of Zillow.com, who mined his site's database of millions of homes in co-authoring the newly released "Zillow Talk: The New Rules of Real Estate," properties listed then sold faster and fetched 2 percent higher than average.
"You shouldn't list your house for sale before March Madness or after the Masters (in April)," says Rascoff.
Replacing an unsightly roof with a spiffy new one -- better for that all-important "curb appeal" -- was one of the very few projects singled out in Remodeling magazine's new annual Cost vs. Value Report for 2017, rising a chart-topping 5.9 percent over even last year's double-digit increase.
The Starbucks Effect. Don't laugh. When Rascoff was checking his data, he discovered that, lo and behold, homes within a quarter mile of a Starbucks had appreciated 31 percent more -; 96 percent vs. 65 percent -; over the last 17 years than others nationwide.
"Is it that Starbucks is really great at picking locations, or is that Starbucks is sort of an omen of gentrification?" he writes. "It's a little of each."
Very Respectfully,
Glen Kelly, Broker of Record, SFR, SRES, CRS
TOP AGENT MAGAZINE COVER STORY
Glen Kelly Real Estate LLC
Glen Kelly, Realtors
Office: 732-244-0567
Executive: 100 Longboat Avenue, Beachwood, NJ 08722
Ocean South: 830 Radio Rd, 2nd Floor, Suite B, Little Egg Harbor Township, NJ 08087
Monmouth: 273 Hwy 34, Suite 204, Colts Neck, NJ 07722
