Inspection | Solari Group Blog

Thursday, August 23, 2018   /   by Nicole Solari

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:





There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros






About 14% of all listings had a price cut in June






Since the beginning of the year, the share of listings with a price cut increased 1.2%






This is the greatest January-to-June increase ever reported, and more than double the January-to-June increase last year





Senior Economist Aaron Terrazas further explained:




“A rising share of on-market listings are seeing price cuts, though these price cuts are concentrated at the most expensive price-points and primarily in markets that have seen outsized price gains in recent years.”



What this DOESN’T MEAN for the real estate market…


This doesn’t mean home v ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, selling, home inspection, property taxes, escrow, selling tips, solano county, solari group, staging, for sale by owner

Monday, June 25, 2018   /   by Nicole Solari

You Don't Need 20% to Buy a Home!

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do not own their own homes is because they believe that they cannot afford them.


This brings us to two major misconceptions that we want to address today.


1. Down Payment


A recent survey by Laurel Road, the National Online Lender and FDIC-Insured Bank, revealed that consumers overestimate the down payment funds needed to qualify for a home loan.


According to the survey, 53% of Americans who plan to buy or have already bought a home admit to their concerns about their ability to afford a home in the current market. In addition, 46% are currently unfamiliar with alternative down payment options ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, selling, finances, first time home buyer, open house, home price, home inspection, solari team

Thursday, April 26, 2018   /   by Nicole Solari

“Short Of A War Or Stock Market Crash…”

This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way:





A 5% increase in home prices increases payments by roughly 5%






A 1% rise in interest rates increases payments by roughly 13% or 14%





That begs the question…


What if both rates and prices increase as predicted?


The report revealed:




“If interest rates and home prices rise by year-end in the ballpark of what most analysts are forecasting, monthly mortgage payments on a new home purchase could increase another 10–15%. That would make 2018 one of the worst full-year deteriorations in affordability for the past 25 years.”



The percent increase in mortgage payments would negatively impact affordability. But, how would affordability then compare to historic norm ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, selling, first time home buyer, moving, upgrades, open house, loan, home price, home inspection, solari team, renovation, property taxes, escrow, for sale

Tuesday, April 24, 2018   /   by Nicole Solari

Thinking Of Selling Your Home? Here's Why You Need A Pro In Your Corner!

Thinking Of Selling Your Home? Why You Need A Pro In Your Corner











With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.


Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.


Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO:





The buyer who wants the best deal possible






The buyer’s agent who solely represents the best interest of the buyer






The buyer’s attorney (in some parts of the country)






The home inspection companies, which work for the buyer and will almost always find some problems with the house ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, selling, finances, first time home buyer, upgrades, open house, decor, investing, loan, repairs, decoration, investment properties, real estate team, home inspection, solari team

Monday, October 23, 2017   /   by Nicole Solari

Hiring An Agent To Sell Your House May Cost You NOTHING!

There is no doubt that it is easier to sell your house when using the services of a local real estate professional. The agent will provide:





Greater exposure to more buyers






The skills of a professional negotiator






A layer of protection from possible legal liabilities






Professional guidance in navigating any pitfalls that may arise






A level of safety while showing the home





There is no doubt that these services are valuable to any family that decides to sell. The only question is – how valuable? One of the main reasons For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe these services are not worth the fee an agent charges. But, what if those services didn’t cost the seller a penny?


A study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything and, in some cases, may be costing themselves more by not ...

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  real estate, home ownership, homebuyers, homes for sale, real estate agent, realtor, buying, selling, finances, upgrades, first time home buyer, moving, open house, decor, repairs, loan, investing, decoration, investment properties, invest, real estate team, home inspection, home price

The Solari Group
Nicole Solari
DRE# 02014153

Solano Location
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-486-5400

Napa Location
1700 2nd Street Suite 222
Napa, CA 94559
707-819-9119

IDX Content is provided via the Internet for consumers’ personal, non-commercial use. Variable Price’ indicates the seller is willing to entertain offers within a Listing Price Range. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. IDX provided by Commissions Inc. Data last updated:April 21, 2019
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