Three Ways Low Inventory Is a Win for Sellers

Three Ways Low Inventory Is a Win for Sellers | MyKCM

The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR):

“There is no shortage of hopeful, potential buyers, but inventory is historically low.”

When the demand for homes is higher than what’s available for sale, it’s a great time for homeowners to sell their house. Here are three ways low inventory can help you win if you’re ready to make a move this fall.

1. Higher Prices

With so many more buyers in the market than homes available for sale, homebuyers are frequently entering into bidding wars for the houses they want to purchase. This buyer competition drives home prices up. As a seller, this can definitely work to your advantage, potentially netting you more for your house when you close the deal.

2. Greater Return on Your Investment

Rising prices mean homes are also gaining value, which drives an increase in the equity you have in your home. In the latest Homeowner Equity Insights ReportCoreLogic explains:

“In the second quarter of 2020, the average homeowner gained approximately $9,800 in equity.”

This year-over-year growth in equity gives you the ability to put that money toward a down payment on your next home or to keep it as extra savings.

3. Better Terms

When we’re in a sellers’ market like we are today, you’re in the driver’s seat if you sell your house. You have the power to sell on your terms, and buyers are more likely to work with you if it means they can finally move into their dream home.

So, is low housing inventory a big deal?

Yes, especially if you want to sell your house at the perfect time. Today’s market gives sellers immense negotiating power. However, it won’t last forever, especially as more sellers return to the housing market next year. If you’re considering selling your house, the best time to do so is now.

Bottom Line

If you’re interested in taking advantage of the current sellers’ market, let’s connect today to determine your best move in our local market.

Unemployment Report: No Need to Be Terrified

Unemployment Report: No Need to Be Terrified | MyKCM

Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now. That pain should not be understated.

However, the long-term toll the pandemic will cause should not be overstated either. There have been numerous headlines claiming the current disruption in the economy is akin to the Great Depression, and many of those articles are calling for total Armageddon. Some experts are stepping up to refute those claims.

In a Wall Street Journal (WSJ) article this past weekend, Josh Zumbrun, a national economics correspondent for the Journal explained:

“News stories often describe the coronavirus-induced global economic downturn as the worst since the Great Depression…the comparison does more to terrify than clarify.”

Zumbrun goes on to explain:

“From 1929 to 1933, the economy shrank for 43 consecutive months, according to contemporaneous estimates. Unemployment climbed to nearly 25% before slowly beginning its descent, but it remained above 10% for an entire decade…This time, many economists believe a rebound could begin this year or early next year.”

Unemployment Report: No Need to Be Terrified | MyKCM

Here is a graph comparing current unemployment numbers (actual and projected) to those during the Great Depression:Clearly, the two unemployment situations do not compare.

What makes this time so different?

This was not a structural collapse of the economy, but instead a planned shutdown to help mitigate the virus. Once the virus is contained, the economy will immediately begin to recover. This is nothing like what happened in the 1930s. In the same WSJ article mentioned above, former Federal Reserve Chairman Ben Bernanke, who has done extensive research on the depression in the 1930s, explained:

“The breakdown of the financial system was a major reason for both the Great Depression and the 2007-09 recession.” He went on to say that today – “the banks are stronger and much better capitalized.”

What about the families and small businesses that are suffering right now?

The nation’s collective heart goes out to all. The BLS report, however, showed that ninety percent of the job losses are temporary. In addition, many are getting help surviving this pause in their employment status. During the Great Depression, there were no government-sponsored unemployment insurance or large government subsidies as there are this time.

Today, many families are receiving unemployment benefits and an additional $600 a week. The stimulus package is helping many companies weather the storm. Is there still pain? Of course. The assistance, however, is providing much relief until most can go back to work.

Bottom Line

We should look at the current situation for what it is – a predetermined pause placed on the economy. The country will recover once the pandemic ends. Comparisons to any other downturn make little sense. Bernanke put it best:

“I don’t find comparing the current downturn with the Great Depression to be very helpful. The expected duration is much less, and the causes are very different.”

Source: Keeping Current Matters

If you would like a 15-20 minute Zoom meeting to find out the value of your home during COVID-19 please click the calendar below and schedule a time for a personal meeting.

PAULA WYNN – REALTOR® at EXIT Real Estate Gallery (904) 502-9432. Paula services the entire northeast Florida area which consists of Jacksonville, Argyle, Avondale, Orange Park, Green Cove, Middleburg, Lake Asbury, Jacksonville Beaches, and surrounding areas. With Paula Wynn, your real estate transaction is always a win!

Homestead Exemption Deadline TODAY

“The Florida homestead exemption and Save Our Homes assessment limitation help Florida homeowners save money on their property taxes. Benefits are also available to property owners with disabilities, senior citizens, veterans and active duty military service members, disabled first responders, and properties with specialized uses.

Taxable value of a home is reduced thru homestead exemptions to help the homeowner save money on property taxes. If your home is valued at $150,000 and you receive a $25,000 homestead exemption, your home will be taxed as if it is worth $125,000. In order to take advantage this benefit, you must submit an application by the deadline on March 1, 2019.”

How do I file a homestead exemption?

Visit the link below to locate instructions for your county. Some counties allow online filing while others require you to visit the property appraisers office. Click here to find your county instructions

Who qualifies for an exemption?

Anyone who owned a home on Jan. 1 and used it as a primary residence on that date is entitled homestead exemption.

Are other exemptions available?

If you qualify for the over-65 or disabled exemption, you are also entitled to a permanent, locked-in “ceiling” on the school property taxes on your home. In case of death, the over-65 or disabled homeowner’s exemption, but not the school tax ceiling, transfers to the surviving spouse, if the spouse is 55 years of age or older at the time of death and lives in and owns the home. The exemptions may be transferred to another property by using the former home’s tax “ceiling” calculation.

Do I have to apply each year?

No. If you had a homestead exemption on your home the previous year, you won’t need to reapply unless your chief appraiser requires it. However, if you have not received an exemption on your present home or if you have moved to a new home, you will need to file for an exemption the current year.

Is there a fee to file for the exemption?

There is no application fee; the service is provided free of charge. Beware of letters you may receive saying they will file for you for a fee.

What is the application deadline?

You are to file the completed application with all required documentation beginning Jan. 1 and no later than April 30 of the year for which you are requesting an exemption but if you. If you qualify for the age 65 or older or disabled persons exemption or the exemption for donated homesteads of partially disabled veterans, you are to apply for the exemption no later than the first anniversary of the date you qualify for the exemption.

In DUVAL county

“The deadline to timely file for a homestead exemption is March 1. Late filing is permitted through early September. (The deadline for late filing is set by Florida law and falls on the 25th day following the mailing of the Notices of Proposed Property Taxes which occurs in mid-August.)”

PAULA WYNN – REALTOR® at EXIT Real Estate Gallery (904) 502-9432. Paula services the entire northeast Florida area which consists of Jacksonville, Orange Park, Green Cove, Middleburg, Lake Asbury, Jacksonville Beaches, and surrounding areas. With Paula Wynn, your real estate transaction is always a win!

22 Surprisingly Genius Uses for WD-40 That You’ll Wish You Knew Sooner

1. Give those squirrels the slip by spray painting the tops of your bird feeders.

If the bird feeders are high, put a cushion or trampoline underneath for hours of entertainment.

To keep squirrels from taking over a bird feeder, spray a generous amount of WD-40 on top of the feeder. The pesky squirrels will slide right off.-13 uses for WD-40

2. Have a glass stuck inside another that you need to separate without shattering?

Let a little WD-40 work its way down between them and gently separate them. Be sure to wash very well before using again.


Source Reader’s Digest Michele Anderson Meyer Helpful Household Hints

3. You can use WD-40 on cockroaches for an instant kill. Just a quick spritz will do.

If you want to keep those and other creepy crawlies out of your home, spray some WD-40 on the windowsills, frames, screens, and door frames. Be sure to avoid breathing any in, and do not do this if you have babies or small children in the house.

Exterminate roaches and repel insects  Don’t let cockroaches, insects, or spiders get the upper hand in your home. • Keep a can of WD-40 handy, and when you see a roach, spray a small amount directly on it for an instant kill. • To keep insects and spiders out of your home, spray WD-40 on windowsills and frames, screens, and door frames. Be careful not to inhale the fumes when you spray and do not do this at all if you have babies or small

Source Reader’s DigestMaria KnightWD-40

4. WD-40 is awesome for removing difficult scuff marks from your floor. If there are a lot of marks, keep those windows open.

Those tough black scuff marks on your kitchen floor won’t be so tough anymore if you spray them with WD-40. Use WD-40 to help remove tar and scuff marks on all your hard-surfaced floors. It won’t harm the surface, and you won’t have to scrub nearly as much. Remember to open the windows if you are cleaning a lot of marks.

Source: Reader’s DigestJane CarleyWD 40 uses

5. Tannin stains (tea and coffee) are easy to remove from a counter with some WD-40 and a sponge or damp cloth.

Remove tea stains from the counter

Source: Reader’s DigestTracy KingWD-40 – It!

6. You can use WD-40 to dissolve tough stains in the toilet bowl.

Remember your ventilation! Might want to be sure not to get any on the seat, or using the bathroom will be a whole new kind of exciting.

Source: Reader’s Digest2Penny Charlson GravesUnusual uses for…

7. You can spray WD-40 on the outsides of your windows to prevent frost and snow buildup.

Source: Reader’s DigestTracy KingWD-40 – It!

8. You can prevent wasps and yellow jackets by spraying WD-40 under the eaves of your home, and anywhere they like to build them.

Do it in the spring before they come around and you wont have to dodge uninvited residents every time you walk around the house.

Source: Reader’s Digest5Hot Pepper DaveJust Good Stuff to Know

9. Is the shine from your polyurethane shine causing you to reach for your sunglasses?

Spray some WD-40 on a cloth and wipe the floor a bit to tone it down. Be sure not to get it too thick or you might be surfing around your house rather than walking.

Source: Reader’s Digest💕BLUSHIN👄Home Remedies

10. WD-40 can help remove strong glue from many surfaces around the your home.

Source: Reader’s Digest21GColdrenCrafts

11. Are your children getting into arts and crafts? Don’t fret! Even dried glue can be removed from a hard surface easily with WD-40.

Source: Reader’s DigestTracy KingWD-40 – It!

12. Did you put a sticker on your window only to later realize you just aren’t feeling it anymore?

Spray a little WD-40 on the glass and sticker, wait a few minutes, and then use a non-scratch spatula or acrylic scraper to remove said sticker with ease.

Source: Reader’s Digestby Digital Vision.1Tracy KingWD-40 – It!

13. Does that random, hard to clean carpet stain have you frustrated?

Spray some WD-40 on it, wait a couple of minutes, and then clean with regular carpet cleaner or some soapy water and a sponge. You’ll be amazed how easily it will come up.

Source: Reader’s DigestTracy KingWD-40 – It!

14. You can use WD-40 to clean tomato sauce stains from pretty much anything.

Once again, spray a little on, let set for a couple of minutes, and clean up with some soapy water.

Source: Reader’s DigestTracy KingWD-40 – It!

15. Need to get some deep cleaning done with your fridge?

Remove all food, spray a small amount of WD-40 on the difficult to clean spots,let set a couple of minutes and then wipe it off. Remember to avoid breathing in fumes while doing this, and clean the fridge thoroughly with soap and water before putting the food back in.

Source: Reader’s DigestTracy KingWD-40 – It!

16. If you have leather furniture that needs conditioning, take it outdoors and spray some WD-40 on it, then buff with a cloth. Give a little time before you bring it back in.

Source: Reader’s DigestTracy KingWD-40 – It!

17. If you catch them early enough, WD-40 can help remove blood stains.

Simply pretreat whatever it is you need to wash, let set for a couple of minutes, and then wash as normal. This also works with grease, lipstick, and other similar stains. With clothing, sheets and towels, you can pretreat with WD-40 before putting them in the washing machine.

Source: from polyvore.com𝔇𝔢𝔞𝔡𝔭𝔬𝔬𝔩’𝔰 𝓗𝔞𝔴𝑘𝔢𝑦𝔢Polyvore

18. Did you come home to an impressive, yet unwanted work of art on your wall?

No worries. Make sure the windows are open, and then spray some WD-40 on the marker or crayon marks and wipe up with a rag. It won’t harm the paint, or most wallpaper. You can always test on a small area before doing the whole thing.

Source: from intheplayground.files.wordpress.comAndrew ProctorHome is Where the Heart is

19. Have some nasty oil spills ruining the look of your concrete? Spray with a good amount of WD-40 and then simply wash it away with the water hose.

Source: from i289.photobucket.comMichelle ShurMy favorites

20. Need to rejuvenate your plastic furniture? Spray it down with some WD-40 and wipe away with a clean, dry cloth and voila!

Source: from designmadness.gr2I want this in my house | Interior Design shopping siteI want this in my House | Dining Chairs

21. Shoveling snow off of the driveway is challenging enough without it sticking to your shovel. Spray a thin layer of WD-40 on the blade and the snow will easily slide off.

Source: from interactives.fox10tv.comLaura R.The News in Pictures

22. Thistles turning your yard into a virtual mine field? Spray some WD-40 on them and bid them good riddance.

Source: Reader’s Digest

Home Values Recover To Pre-Recession Values, Making It A Great Time To Sell

The Great Recession was one of the most challenging times in US history. The US lost nearly 9 million jobs, unemployment nationwide hit an astounding 10%, and housing prices fell a whopping 33%, causing American households to lose of $16 trillion dollars in net worth.

But luckily, the economy started improving in 2010. The GDP grew an impressive 19% from 2010 to 2017, and the economy added jobs for a record-breaking 88 consecutive months, recovering all the jobs lost during the recession. Not to mention, unemployment fell to 4%.

But one area that was a bit slower to recover was home values. Many homeowners who lost a significant portion of their home’s value in the recession have been hesitant to sell—especially if they purchased their home when prices were high.

But according to Evaluating The Housing Market Since The Great Recession, a recent report from CoreLogic, homeowners who lost value in their homes during the recession finally have something to celebrate. According to the report, the average house price is now 1% higher than it was at the peak of the real estate market in 2006, growing 51% since bottoming out in 2008.

The Takeaway

If you’ve been waiting to sell your home for it to recover its pre-recession value, now is the time to make a move. Not only have housing prices recovered to their peak values, but the inventory crisis is driving up prices, making it the perfect market to finally sell your home.


Jacksonville Walking Tour

This tour of downtown Jacksonville with Jacksonville Walking Tours a division of AdLib Luxury Tours & Transportation, Inc. is filled with unexpected surprises. The underground tunnel is one of the most intriguing historic areas of downtown Jacksonville. If you have not experienced this tour I urge you to click on the link above and schedule your tour. I have lived in Jacksonville for over half of my life and I had no idea that some of these areas existed.


We also learned some of the future plans for the downtown area. We toured the Florid Theatre and learned about the plans to replace all the seating in the theatre. Did you know there are only 2 companies that create replicas of this type?



PAULA WYNN – REALTOR® at EXIT Real Estate Gallery (904) 502-9432. Paula services the entire northeast Florida area which consists of Jacksonville, Orange Park, Green Cove, Middleburg, Lake Asbury, Jacksonville Beaches, and surrounding areas. With Paula Wynn, your real estate transaction is always a win!





Thank You

I would like to take a moment to thank everyone who had a impact large or small, on my business last year. I set out on a journey of which I wasn’t sure I could accomplish but knew deep in my heart that I wanted, no needed to try. While I did not reach every goal I met most and I accomplished more than I ever thought possible.

Thank you to my customers, without you there would be no business. Many of you became close friends and I value everyone of you.

Thank you to my family who have supported me, helped me, listened to me and sacrificed so I could live my adventure.

Thank you to my many friends in the real estate world who have taught me, listened to me, kicked my butt, and supported me.

Thank you my dear friend Key Yessaad. If it weren’t for you I would not be where I am today. I can believe that simple phone call to you asking about SEO turned into a new life. Thank you for all the coaching and advice. Thanks for always telling me the truth, even when it wasn’t always something I wanted to hear. Thanks for always holding me accountable and encouraging me to be courageous even when it wasn’t easy or popular. Thanks for pushing me to believe in myself and to have expectations for myself. Thank you for all those hours of phone calls that have lead me to where I am. But most of all thank you for believing in me even when I didn’t. You will always be my mentor, my inspiration and mostly my friend.



This Saturday, June 4th from 1-3, I will be hosting an open house at 1575   Linkside Dr, Fleming Island, FL 32003 in Fleming Island.

Very nice 3/2 home situated in the heart of Fleming Island’s Eagle Harbor. Across street from golf club house. Open floor plan features spacious family room, eat-in kitchen, and formal dining room. Split bedrooms. MBR has large walk-in closet. Master Bath includes garden tub and separate shower. Open lanai overlooks well maintained back yard with natural preserve for added privacy. ”A” rated schools. A one-owner too! Community amenities includes three swim parks, professional tennis courts, play grounds, basketball courts, covered picnic areas, and adjacent to county maintained soccer fields. Very convenient to restaurants, movies, shopping, and public library. CDD fee is paid off!! Come be a part of this wonderful lifestyle.

Similar properties but not in the same neighborhood.

For More information please call Paula Wynn, REALTOR® at (904) 502-9432



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