real estate goals

Barndominiums – The Hottest Trend

For the past few years, people have been ruthlessly shedding the excess in their lives to squeeze into a home smaller than a walk-in closet. Well, move over tiny houses, millennials are trading their minimalist, cramped space for the expansive lifestyle of the barndominium.

A barndominium is a play on words originally used to describe a living space built inside a barn or auxiliary building primarily used to house on-site employees. Over time, it morphed to include guest suites or rental units over garages and now it incorporates a new design style. Barndominiums typically are mixed-use structures, including either a workshop, garage or other utility room.

Modern barndominiums use simple barn or industrial buildings and convert them to spacious homes. Often these can be added to an existing structure, but home builders have latched on to this growing trend with building kits or quick-install prefabricated buildings. All incorporate wide open spaces; a blank canvas for the homeowner to use in creating the perfect home for their needs.

Merging farmhouse rustic with contemporary industrial style, these homes offer big open rooms that often house living, dining, and kitchen areas. Because there is minimal internal construction – few walls, open ceilings – building costs are lower than traditional homes, making this an attractive option for younger home buyers who don’t want to sacrifice style to save money.

Barndominiums bring the simplicity of an urban loft to the softer, rustic design of an upscale farmhouse. After years of craving the simplicity of a tiny house, modern homebuyers are finally taking the concept of an easy lifestyle but enjoying the luxury of expansive living space.

5 Tips for Writing a Winning Offer in this Market

Everyone recognizes that this is a difficult housing market for homebuyers. With inventory shortages and low interest rates, buyers have seen a face-paced market with strong growth in home prices. As interest rates begin to rise, the pressure for buyers to settle on a new home and lock in their rate is even stronger. With so many buyers vying for the same property, it’s important to write the best offer right up front.

Here are 5 tips to help you write a strong offer.

1. Show Financial Strength – You already know you need a preapproval letter but ask your lender to include an explanation about how they qualified you, bank statements, tax records, underwriting review.

2. Include a Proof of Funds Letter – Ask your lender to include a letter which indicates they have checked funds needed for the close.

3. Larger Deposit – Earnest money is deposited into escrow and is applied to the buyer’s costs at the close. If you are serious about the home, offer a larger deposit that shows you have “skin in the game.”

4. Limit Contingencies – Real estate contracts have a lot of standard contingencies. Working with your agent, discuss them each in detail and remove any that aren’t necessary or don’t add extra protection.

5. Be Flexible – Make it easy on the seller. Offer a flexible closing date or leaseback option if they need more time. Consider offering a contingency to the seller that allows them to find their new home.

Remember that even in this fast-paced real estate market, buyers are finding new homes. With a little strategy, you can find the right home for you and your needs.

The LO Down

Live Oak Real Estate is founded on the concept of growth and change. Our owners knew going into this business that their goal was to create a brokerage with agents who are ready and equipped to revolutionize their market. How do we, at Live Oak, equip ourselves? Through continual education, discussions, and constant motivation! With this concept in mind, our owners built The LO Down Podcast. 

The LO Down Podcast revolves around the importance of mindset in business and life. You will notice that Dustin Thomas and Andrew Fleeman bring fun and light to real life situations in the Real Estate world. Both of our hosts have experience in buying, selling, building, flipping and investing in real estate. Where their expertise caps, they are eager to bring business owners and entrepreneurs with drive and experience to guide us through their unique success story. 

Dustin and Andrews main goal for The LO Down Podcast is to give faith to anyone hovering over that line, wondering if they should take that leap of faith. Our host will not only give you the push, but are here to educate and encourage you through your journey. 

Check out their newest episode releasing tomorrow titled The Importance of Mindset in Business and Life. You can find this episode, along with the previous post, on all podcast platforms. 



Written by Brooke Harrell

What Are Your Real Estate Goals?

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Invariably, the first time you meet or speak to your Live Oak Real Estate agent, the same prompt starts the conversation: “tell me about yourself and your real estate goals.” Seems simple enough to answer. “I need more space” or “I’m ready to downsize” are common answers.

While these answers may be at the heart of the decision for change, they neglect to provide the concrete data your agent needs to identify the right prospective homes. This in turn leads to frustration and wasted time and energy—on both sides—and ultimately will not help find the best housing option for you.

Before meeting with your Live Oak Agent, consider the specifics of what you need. For example, when explaining that you need more space, be specific about what that means. Do you need more bedrooms for a home office or a new baby? Would you like to have a larger kitchen or a bigger yard? In other words, what does “space” mean to you?

Discuss specifics about your lifestyle as well. Would one “great room” be a better configuration than separate living and dining areas? Would you like to live close to a park or school? Would you value a private, gated community? These are just a few of the specifics your agent needs to know.

Our agents want to provide you the best options to tour; not only is that a good use of your time, but theirs as well. There is no reason to see 25 homes each weekend if only 4 of them suit your needs. By having clearer conversations upfront, you can save valuable time and find the right home faster.