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So you want to buy a home? Here are five lesser-known tips every buyer should know before starting their journey. Hey there, Jenevieve Croall here with JLUX Homes Realty Group. Buying a home is one of the most significant investments you will ever make, and using the right strategy can make or break the desired outcome. So be sure to include these five strategies when purchasing your next home…

1. The Poker Face

When inspecting a property or visiting an open house, it’s super easy to voice your excitement and show visible enthusiasm for parts of the house. There’s only one problem. You might think you’re alone– but there’s something you may have forgotten. With cell phones, smart speakers, and ring cameras being commonplace in most homes, there’s a good chance a homeowner could be eavesdropping on your conversations. You lose
your advantage when they know how you feel before arriving at the negotiation table. So keep a poker face and your comments to yourself while touring the home.

2. Inspect The Neighborhood, Not Just the Home.

A home is more than just the bricks and mortar that make it up. When you buy a house, you’re buying into a community. Take the time to explore the neighborhood, the major roads, and any available amenities. Observe traffic in and around the suburb at different times, especially when commuting to work. But the best reviewer of the area you want to live in is the people that already live there. Talk to your would-be neighbors to get a sense of the community and daily life.

3. Do a History Check On The Home.

Never skip the home inspection and pay special attention to big-ticket items like the AC unit, electrical wiring, appliances, roofing, foundation issues, etc. If they are towards the end of their life, the price of repair or replacement should be factored into your purchase price. A history check also includes running a CLUE report once under contract during the inspection period. This report will show previous insurance claims, alerting you to past damage and even the possibility of higher insurance premiums.

4. HOA’s

People love or hate them, so before you sign any contract,find out if there is an HOA attached to the home and look through all the by-laws and fees so there aren’t any surprises after closing. And last but definitely not least…


Be sure to purchase with an agent. In most cases, it costs you nothing, and I will have ensured all the above is done for you and so much more.

If you are thinking of building a new home, there are some upgrades you need to consider that’ll boost the value of your home, giving you a big head start on your most valuable investment. Hey there, Jenevieve Croall here with JLUX Homes Realty Group.
Today, I want to tell you about eight upgrades that will increase the value of your new build, giving a better return on your investment than if you waited to upgrade just before selling.

Building your own home means adding in everything you want – but you want to focus on making upgrades that guarantee a return on the additional expense instead of risking a loss later on. While this can vary depending on the area and price range, in general, I would focus on upgrades in these 8 areas:

Number 1: The Kitchen
– When building your kitchen area, you will want to focus on counter space and
cabinets to maximize workspace and storage. Consider adding an island to increase seating and counter space. Then think about aesthetics – countertops, stainless steel appliances, and nice flooring will add a satisfying finish to your kitchen.

Number 2: Extra Interior Space
– If you can afford to make your house larger than planned or add more storage space, do it! An extra bedroom or bathroom could significantly impact your resale value.

Number 3: Open-Concept Floor Plans –
An open floor plan that maximizes the space in a home has been
popular for a while, and I don’t see that changing anytime soon.

Number 4: Bathrooms-
Adding, a little extra to your bathroom budget, will result in timeless spaces which
sell themselves. Think deep tub, large walk-in shower, and appealing countertops.

Number 5: Go Green –
Upgrades that are eco-friendly or energy efficient, such as added insulation or
better windows, are also great additions to your home, making for an attractive selling point later on.

Number 6: Floors –
Swap out laminates for hardwood floors or install porcelain tiles instead of ceramic.
Don’t skimp here – floors that need replacing can sink a sale.

Number 7:
Smart Home Technology – The next generation of buyers are tech-savvy millennials. Smart
homes are huge right now, and while these upgrades can sometimes be pricy, they’ll typically pay themselves off in a couple of years.

Number 8:
Improved Outdoor Space – With many people working from home now, outdoor living is a hot commodity. Work with a landscape company to map out how to make the most of your new space while maintaining your budget.

If you’ve been thinking about building a home and aren’t sure where to begin with getting the most out of your upgrades, give me a shout. I’ll get you up to speed on the best builders and will partner with you to make upgrades that’ll add massive value to your home, so you don’t have to worry about splurging on them and risking a loss down the road. Proper representation can save you thousands and thousands, so click the link for a complimentary consultation today.

I’m here to set the record straight. Hey there, Jenevieve Croall here with JLUX Homes Realty Group, and I’m here to cool your nerves if the talk of an impending recession has got you frazzled. I’ve said it before, and I’ll say it again, A Recession Does Not Automatically Equal a Housing Crisis. While we are seeing a SHIFT pointing towards a more balanced market, the odds of the housing market taking a massive hit in the short term are pretty remote right now. I realize that the economic crisis back in 2008 still causes some homeowners to break out in a sweat. But the economy of 2008 is worlds apart from today’s economy – there’s simply no comparison.

Fifteen years ago, US home values plunged, TRIGGERING the crisis which led to a recession. The unsecured lending for overvalued homes and soaring demand was the catalyst, NOT the result. If you look at the last six recessions to hit the US since 1980, you’ll see that home prices went up on 4 occasions, only dipping by less than 2% in 1990 and then bottoming out in 2008. You see, a recession represents a decline in economic activity throughout the economy across all sectors.
So, while it may be easy to associate falling economic activity with declining home values, this simply isn’t the case. Just look at what happened during the height of the COVID pandemic – no housing crisis. Instead, homes appreciated by 6% in 2020.
Home prices are determined primarily by supply and demand, followed by inflation and interest rates, among other things. And demand for homes is still high in most areas– looming recession or not.

Of course, all housing markets are cyclical. There are peaks, where prices are high, and valleys, where values trend downwards, but eventually, things inevitably even out before going through another cycle.
But the fact remains, Real estate has always been and always will be one of your safest bets for protecting your money – just look at the historical track record – it always balances out. If you have questions about the ever-shifting real estate market or your home’s value, click the link for a complimentary consultation, or give me a shout. Bye for now.

Hey there, Jenevieve Croall here with JLUX Homes Realty Group. After two years of soaring home prices in a red-hot real estate market, it can be easy to fall into the trap of pricing your home too high.
While sellers have been able to name their price over the past 24 months, recession fears and increasing interest rates are starting to hit buyers’ pockets, and the housing market is cooling off. Which means buyers don’t have as much pressure to jump on the
first house they see listed anymore.

Yes, inventory remains low, and sellers are still seeing great offers for their homes, but with demand slowing, pricing your home right is more critical than ever. Homes priced on the higher end are spending more time on the market than they would have earlier this year or in 2021, and sellers will soon have to start negotiating with buyers with less spending power than they had a year ago. While you may still get lucky with the odd buyer willing to splurge in order to be in a particular neighborhood, in general, overpricing your home will cost you THOUSANDS off the bottom line. And if you are someone that wants to price it high and then reduce it later…That will cost you thousands too.

Think of it this way – dropping your asking price is much more difficult than raising it.

You see, buyers see a price drop as leverage and an indicator that your home isn’t worth its price tag, while an increase in your asking or bidding war sends the message that demand for your home is high and they should get an offer in before the number goes up again.
So if you are considering selling and want to get the most out of your home’s value in a cooling real estate market, give me a shout. I will develop a rock solid pricing strategy for your unique property and suggest what improvements are needed to get the maximum amount of money when selling.

Click the link below for your complimentary consultation today and as always, thank you for your referrals.

After more than a year of escalating demand and soaring prices, many experts believe that the record-breaking housing market is finally beginning to cool off. So, is the housing boom ending? Are we headed for a market crash? Or are home prices just correcting in line with a long upward trend? I’m here with all the answers…Hey there, Jenevieve Croall here with JLUX Homes Realty Group. You may have noticed that there seems to be a shift underway in the housing market. After almost two years of consistent price increases, this boom we’ve been experiencing looks like it is finally running out of steam. How do I know? Well, there are four clear signs that the housing market is starting to slow down.

#1. Increased Inventory of Homes for Sale. Since 2019, demand has far outpaced the supply of homes and available rental properties. But starting the month of May, things changed. According to data from, more new property listings entered the market in May than any other month since June 2019, and active listings are up 13% from last year.

#2. Price Reductions. This month has also seen substantial discounts on expected asking prices across the country. Previously, bidding wars almost guaranteed the owner would get above the asking price. But as inflation and the cost of living increase, competition is dying off, prompting some sellers to have to reduce their asking price. The average price cut now sits at 10.5%, much higher than the 6.2% in May 2021.

#3. Mortgage Rates Are Up, and Applications Are Down. The sudden and dramatic mortgage rate increases this year have impacted the total number of home loan applications received. In fact, the Mortgage Bankers Association reports that application numbers were down 16% from June 2021. This decline is likely to continue as mortgage rates inevitably increase again this year.

#4. Fewer People Shopping for Homes. Inflation, higher mortgage rates, and increased cost-of-living pressures mean fewer people are shopping for houses. Agents have reported declining home inspection requests – down 14% from June last year. While the demand might be there, some buyers have been priced out of the market.

In conclusion, Are we heading towards a crash? No. Is the market correcting? Not really. So far, what we’re seeing is just a turning point toward more typical, pre-pandemic levels. But every market is cyclical, and every area and price point are different. As your real estate expert, I will be sure to keep you updated on the latest, so stay tuned for future videos. If you have questions about how to positioning yourself as a buyer or seller in this market, give me a shout. I can guide you through the best possible outcome given any market.

After a roller-coaster of two years with steep price increases and a low inventory of homes, the market has been challenging for buyers, especially first-time home buyers. And although we see some relief on the horizon with more inventory coming to the market, the feds have just announced another rate increase, with more coming later in the year. Hi, Jenevieve Croall here with JLUX Homes Realty Group and I’m here to give you four tips on how you can beat the Fed’s rate hikes and turn the tables on challenging market conditions. There’s not a lot we can do in the case of global inflation and federally-set interest rates, but as a home buyer, here are some tips to consider when home shopping that can ensure you don’t get priced out of the market.

1: Spend some time shopping for a sweet mortgage. There are so many different options available for home loans with different rates, fees, conditions, and even perks. Making the right choice can save you thousands of dollars over the life of the loan. Before signing any agreement, ensure you have at least two or three competing quotes for comparison.

2: Pick a location that doesn’t break the bank. Not everyone can afford to live in the city or neighborhood of their choice. It’s an uncomfortable truth, but it’s easy to get priced out of an area as the cost of everything skyrockets. But that doesn’t mean you can’t find a fantastic place to call home—the further out from the larger well-known cities, the lower the prices. And there are still bargains to be found if you know where to look like I do.

3: Get a Low Down-Payment Loan. One of the biggest worries when buying a home is coming up with the down payment. Saving 10-20% of the purchase price can seem impossible sometimes – unless you snag a loan with a low down payment option. FHA and VA loans, to name a few, come with attractive down payment requirements, boasting a minimum 3.5% and even zero percent down options.

4: Consider Purchasing a Fixer-Upper. If you’re prepared to get your hands dirty, you can turn your purchase into a lucrative investment. Most people don’t want the hassle of renovating an older home, but for the 21% of people who would consider it, buying a fixer-upper is a viable way to get into your dream home earlier. If you’re considering buying a home this year, it makes sense to act soon.

With rising inflation kicking up interest rates, and a cooling real estate market, purchasing sooner rather than later means you can stabilize your monthly housing cost and invest in an asset that historically outperforms inflation. And these tips and options are just a few of the things we can do to get you there. My team and I are ready give you the expert advice needed to navigate today’s ever-changing market. Just click link below or give me a shout to get started.

As the cost of lending rises and house prices continue their upwards momentum, things have accelerated faster than most people predicted in the first quarter of this year. So what can we expect from the spring and summer housing market? Will this trend continue, or is there a reversal coming? Hey there, Jenevieve Croall with JLUX Homes. Earlier this year, I gave you a peek into what 2022 had in store for the housing market. As we head into the bottom of the 2nd quarter for 2022, let me catch you up on what’s happened, where we are, and what lies ahead for the rest of the year. The housing market has outperformed almost every investment class for the past two years and has proved many experts wrong in the process.While no one knows exactly what will happen, we can make a few educated guesses. Here are my four key predictions for the housing market in the second quarter and 3rd quarter of 2022. Number 1: Less competition for high-end and luxury homes.While the average home price is increasing, this rate doesn’t affect the entire market equally. The vast majority of buyers are concentrated in the affordable end of the market, which has the added consequence of diluting those looking for luxury properties. While the top end has seen growth, it hasn’t kept pace with more affordable homes in terms of price percentage increase. Number 2: Higher mortgage rates force some buyers out of the market.This one may seem a little obvious, but it does need to be said. Higher mortgage rates combined with an ever-increasing cost of living means that many people simply can’t afford to purchase a home. Number 3: House prices will continue to rise, but growth will slow. 2021 was a record year for house prices, with the median price tag increasing by 18.8%. While 2022 started in much the same fashion, most economists agree that acceleration will peak in May at 22% before slowing down to 17.8% by 2023. That being said, those increases are substantial, especially year on year. Number 4: The Great “Return to the Office” will see more demand in urban areas.As pandemic-related travel restrictions ease and the world gets more or less “back to normal,” many businesses will insist their employees return to the office. This can be a problem for many who initially escaped during the height of the pandemic by moving from urban areas to more rural properties where remote work was simple, and life was more affordable. This shift could see a greater demand in urban regions once again.That’s it for my market update. I will be sure to keep you updated as changes occur. If you’re watching this and ready to make a move, contact me today. My team and I are prepared to help you navigate today’s market. And as always, thank you for your referrals

Mortgage rates have just hit a 12-year high – clocking at more than 5.5% in the last few weeks. It’s not where the rates are at that has me taking notice – it’s how quickly we got here. So, the million-dollar question is, will this trend continue, or will interest rates finally start to cool down? Hey there, Jenevieve Croall here with JLUX Homes. The start of 2022 hasn’t been good for inflation. While it’s not the worst we’ve ever experienced, these rapid inflationary pressures are starting to creep up to levels not seen since the early 1980’s. So, what does that mean? Well, apart from your weekly groceries costing a lot more, inflation puts upward pressure on interest rates. When inflation begins to escalate past the acceptable 2-3% per year range, the FED usually steps in with a range of economic actions to stabilize the economy. One such action is raising the official interest rate in which the Federal Reserve lends money. The banks and financial institutions then pass on this rate to you, the mortgage holder, making your monthly payment just that little bit more expensive. The FED has already increased rates for the first time since 2018, with another six more penciled in for the rest of 2022.I made a video back in February warning of imminent Fed increases and the subsequent rises in mortgage rates that were coming. So where do interest rates go from here? Well, almost everyone has been proven wrong in some way trying to predict how fast these rate increases have been coming. All we can say for sure, is the upward trend will continue. So, what effect does that have on house prices? This perfect storm of economic conditions also pushes your average house price up – the number of houses for sale is down while the demand has skyrocketed. Okay, enough of the bad news; there is a silver lining to situations like this. Firstly, if you’re in a position to buy, now is a great time to lock in an interest rate we might not see again for some time and pick up a property that is reliably accruing equity. Secondly, if you’re retiring or looking to downsize your home, selling is an excellent opportunity to cash out and take advantage of record housing prices.And finally, we’ve been here before, and an inflation rate of 8.5% is nowhere near the extraordinary highs of the 1980 recession, where inflation hit 13.5% and the mortgage rate a staggering 18.63% That’s it for today’s update. If you’re watching this and you want to make a move before interest rates go up, contact me so we can discuss your options for buying in today’s market. And as always, thank you in advance for your referrals.

Did you know if you repurchased a house in 2002, it’d be worth more than twice what you paid? That’s right. Despite a financial crisis and the pandemic, home prices have continued to increase, climbing by 106% in just two decades! Hey there, Jenevieve Croall here with JLUX Homes Realty Group and I’d like to tell you why investing in real estate is – and always will be – your best investment. But you may be thinking… Real estate is expensive, it can take years to pay off, and financial and economic uncertainty mean danger for property, right? Wrong. Despite the risks we’re facing in 2022, real estate is among the most stable and reliable investments out there. In fact, all this uncertainty means you SHOULD be investing in property – and here’s why. Property is safe: When considering the long-term performance of real estate versus risky investments like stocks and bonds, there’s just no comparison. Historically, return on investment for housing sits at around 9%, while the S&P 500 boasts a more volatile 5-8%. It’s simple math. Property represents a physical asset: While other investments are digital in nature, you get to enjoy your purchase with real property. Whether you’re living in a home, renting it out, or using it to earn income – nothing beats having a literal roof over your head. And property pays: Investing in property is like running a marathon – it’ll take time to see returns, but it’s worth the wait when you do. Besides playing the long game, your initially high investment will likely pay some pretty healthy dividends later. So, if you’re looking to make a dependable, long-term investment that pays off down the road and enjoys virtually guaranteed returns, then purchasing real estate is your best bet. Contact me today for informed, up-to-date info on the market and get ahead in planning for your future. Whether you want to invest in the US or abroad, we are here to assist. Because there is no better investment than in real estate – and I’m here to get you started.

Let’s get real, It is not a surprise to many of you that in today’s real estate market, buyers need THE ULTIMATE competitive edge to win in this new Hunger Games style home search! BUT what if I told you I could turn you into an ALL CASH BUYER, giving you that ultimate advantage over all your competition. Hi there, Jenevieve Croall here with JLUX Homes Realty Group. In my last post, I talked about how JLUX Homes has partnered with HomeLight to help my local sellers unlock their full market equity BEFORE buying their new home. Today I want to talk about how HomeLight is turning ALL my BUYERS, regardless if they currently own a home, into CASH KINGS! HomeLight Home Loans has a revolutionary new product where they will purchase your new home, on your behalf in CASH! Then they will finance it back to you with a traditional conventional loan, with competitive rates and no lender fees. Let’s talk about why this is a HUGE game changer for all my local and out of state clients.

First off, Sellers are looking for the strongest offer, and most of the time that means a cash heavy offer with a quick closes and even financing and appraisal contingencies waived. Positioning yourself as a CASH BUYER puts you in this wheel house and will bring your CASH OFFER to the top of the pile when sellers are sifting through multiple offers. Once your cash offer is accepted by the seller, HomeLight will then use their funds to purchase your new house and can close in as early as 8 days. Then HomeLight holds the home while you secure traditional conventional financing with them and as soon as your loan closes, HomeLight sells the home to you at the same price they purchased. Typically this all can be done within 21 days! o recap, HomeLight Home Loans turns our buyers into Cash Buyers, allowing them to win contracts and close quickly.

To learn more about HomeLight and JLUX Homes can help you achieve your real estate goals, let’s chat!

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