What’s with ceiling fans? Do they really save energy?

Air conditioning uses more household energy than anything else by far at 36 cents per hour on average, which is about 25% of your home energy usage.

Running a ceiling fan costs about a penny per hour. Ceiling fans don’t cool rooms but they cool your skin through the wind-chill effect.

The Department of Energy says that if you use a ceiling fan at the same time as your air conditioning, you can raise the temperature setting by four degrees without a change in comfort.

Just don’t leave the ceiling fan running when you leave the house!

What is an absorption rate, and why should you care?

An absorption rate is a calculation that indicates how many months of inventory are remaining available in a certain micro real estate market at the current rate of properties going under contract.

The rate of properties coming on the market is just one piece of the market conditions puzzle.

Are there enough buyers for the number of properties available, or are there too many properties available? Too many properties can mean that it might take eight months or a year at the current rate of sales for the current inventory to sell. That often leads to prices softening, which would indicate a buyer’s market.

In short, you should be sure to know what is going on in your micro-market before making a move.

Contact us or give us a call if you would like to discuss!

Guiding You Home

Your trusted real estate advisors

One of the most fulfilling parts of our job is helping our clients navigate the many challenges that arise during the course of a real estate transaction. Whether there are issues with title to the property, confusion about the underlying mortgage on your coop, or property condition disclosures—just to name a few—we consider ourselves to be a catalyst for resolving the unexpected. The more experience an agent has, the more likely they are to be able to quickly resolve an issue so you can get to the end of the transaction with a smile on your face and the results you deserve.

Let us know how we can help you prepare for your next real estate transaction today! Please contact us or give us a call!