Thursday, January 31, 2019 / by Hayley Baker
Why It Makes No Sense To Wait For Spring To Sell
The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As an example, here is what happened to housing inventory at the beginning of 2018:
Putting your home on the market now, rather than waiting for increased competition in the spring, might make a lot of sense.
Buyers in the market during the winter are truly motivated purchasers and they want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
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Tuesday, December 26, 2017 / by Hayley Baker
TOP 5 REASONS YOU SHOULDN’T FSBO
In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.
Here are the top five reasons:
1. Exposure to Prospective Buyers
Recent studies have shown that 95% of buyers search online for a home. That is in comparison to only 17% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?
2. Results Come from the Internet
Where did buyers find the home they actually purchased?
49% on the internet
31% from a Real Estate Agent
7% from a yard sign
1% from newspapers
The days of selling your house by just put ...
Thursday, December 21, 2017 / by Hayley Baker
Rents Are On The Rise: Don’t Get Caught In The Rental Trap!
There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage.
Don’t Become Trapped
A recent article by Apartment List addressed rising rents by stating:
“Rents are up 2.7% year-over-year at the national level. Year-over-year growth continues to fall between the 2.1% rate from this time last year and the 3.4% growth rate from October 2015.”
The article continues explaining that:
“Despite the seasonal slowdown, rents are still up year-over-year in 89 of the 100 Largest cities.”
Additionally, the Urban Institute revealed that,
“Over a quarter of renters, or 11.1 million households, are severely cost burdened, spending at least half their income on rental housing.”
These ho ...
Tuesday, December 19, 2017 / by Hayley Baker
Exemptions From Property Taxes
What are they and who is eligible?
Even though the California Constitution states that “all property is taxable,” over the years a number of exemptions from property tax have been approved by the legislature or the voters. Reasons for these exemptions may have been
to recognize private activities that replace demands on public services [welfare/private colleges]
church and religious activities that should be separated from state intrusion [religious/church]
promotion of homeownership [homeowner]
recognition of service to state and country [veterans] and
difficulty of administering assessment of stocks, bonds, bank accounts and inventory [intangible/inventory].
In addition, counties are allowed to adopt low-value ordinances which allow assessments below a certain level (in Napa County $2,000) to be exempted because the cost of ...
Thursday, December 14, 2017 / by Hayley Baker
Before You Make an Offer, Here Are 4 Tips for Success!
So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true!
Freddie Mac covered “4 Tips for Making an Offer” in their Executive Perspective. Here are the 4 tips they covered along with some additional information for your consideration:
1. Understand How Much You Can Afford
“While it’s not nearly as fun as house hunting, fully understanding your finances is critical in making an offer.”
This ‘tip’ or ‘step’ should really take place before you start your home search process.
Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and will allow yo ...