Real Estate Agent | Solari Group Blog

Tuesday, March 12, 2019   /   by Hayley Baker

What’s Going On With Bidding Wars?

What’s Going On With Bidding Wars?




In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home.
According to the Cambridge English Dictionary, bidding wars occur when two or more parties repeatedly outbid each other as they compete to purchase something- in this case, a home.
In some areas of the country, first-time buyers have been met with fierce competition throughout their experience. Some have been out-bid multiple times before finally winning a bid on a home to call their own.
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), there is currently a 3.7-month supply of homes for sale.
With the current number of houses listed for sale ...

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  real estate, home ownership, homebuyers, real estate agent, buying, first time home buyer, home price, market update, solano county, napa valley, for sale, market trends, the solari group, home buyer tips, real estate market, home buyer

Thursday, March 7, 2019   /   by Nicole Solari

WHY AN ECONOMIC SLOWDOWN WILL NOT CRUSH REAL ESTATE THIS TIME?

WHY AN ECONOMIC SLOWDOWN WILL NOT CRUSH REAL ESTATE THIS TIME







 



Last week, the National Association for Business Economics released its February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future:



“While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.”



Their findings coincide with three previous surveys calling for a slowdown sometime in the next two years:


The Pulsenomics Survey of Market Analysts
The Wall Street Journal Survey of Economists
The Duke University Survey of American CFOs


That raises the question: Will the real estate market be impacted like it was during the last recession?


A recession does not equal a housing crisis. According to the dictionary definition, a recession is:



“A period of temporary economic decline during which tra ...

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  real estate, home ownership, homes for sale, real estate agent, selling, investment properties, solari team, solari group, market trends, selling tips, the solari group

Tuesday, February 26, 2019   /   by Nicole Solari

WHAT ARE THE BENEFITS OF BECOMING A HOMEOWNER??

WHAT ARE THE BENEFITS OF BECOMING A HOMEOWNER?







 



Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time!


Why is this date important? Homeownership is not just a roof over your head! It represents shelter, stability, wealth, and pride! For decades, homeownership has been an important part of the American Dream!


However, many question if the next generations see the same benefits of homeownership as their predecessors.

In case we have forgotten, some of those benefits are:
Non-Financial Benefits

Educational Achievement: Homeownership has a positive impact on academic achievement, including reading and math performance in children 3-12 years old.
Civic Participation: “Owning a home means owning a part of the neighborhood.” Home ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, first time home buyer, upgrades, investment properties, home price, housing market

Monday, February 18, 2019   /   by Nicole Solari

4 Behind-The-Scenes Ways Your Real Estate Agent Supports Your Home Sale

4 Behind-The-Scenes Ways Your Real Estate Agent Supports Your Home Sale







When you hire a real estate agent to sell your home, there are obvious things you notice them doing to help your house sell. Things like: hosting open houses, bringing potential buyers on home tours, and marketing your property in multiple ways to make sure it gets enough exposure.


But when it comes to adding value to your home sale, that's just the tip of the iceberg. A huge percentage of your agent's job takes place behind-the-scenes, and they're working around the clock to get your house sold & even when you're not looking.


Here are 4 behind-the-scenes way your real estate agent is working to get your house sold:


1. Performing market research


When it comes to pricing your home, your agent doesn't just pull a random number out of a hat. Your agent's recommendation is a result of extensive market research to ensure your home is priced in a way that's attractive to both buyers ...

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  real estate, homebuyers, real estate agent, homes for sale, buying, realtor, selling, first time home buyer, moving, upgrades, real estate team, solari team, solari group, selling tips, market trends, housing market, sense of belonging, level up realty

Tuesday, February 12, 2019   /   by Nicole Solari

How To List Your Home for the Best Price

How To List Your Home for the Best Price





If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018.
The map below shows the results of the latest index by state.

Real estate is local. Each state appreciates at different levels. The majority of the country saw at least a 2.0% gain in home values, while some residents in North Dakota and Louisiana may have felt prices slow slightly.
This effect will be short lived. In the same report, CoreLogic forecasts that every state in the Union will experience at least 2.0% appreciation, with the majority of the country gaining at least 4.0%! The prediction for the country comes in at 4.6%. For a median-priced home, that translates to over $14,000 in additional equity next year! (The map below shows the forecast b ...

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  real estate, homebuyers, real estate agent, homes for sale, buying, selling, moving, upgrades, investing, real estate team, home price, solari team, selling tips, home seller, interest rates, level up

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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