Real Estate Team | Solari Group Blog

Monday, June 24, 2019   /   by Nicole Solari

What You Need to Know About Private Mortgage Insurance (PMI)

WHAT YOU NEED TO KNOW ABOUT PRIVATE MORTGAGE INSURANCE (PMI)









Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI).

What is PMI?

Freddie Mac defines PMI as:



“An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%.


Once you’ve built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.”



As the borrower, you pay the monthly premiums for the insurance policy, and the lender is the beneficiary. Freddie Mac g ...

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  real estate, home ownership, finances, real estate team, solari team, credit score, mortgage, mortgage insurance

Wednesday, February 20, 2019   /   by Nicole Solari

All Generations Believe Renting Is More Affordable Than Owning—Even Though It’s Not True

All Generations Believe Renting Is More Affordable Than Owning—Even Though It’s Not True

According to new research from lender Freddie Mac, every generation—from millennials to Gen Xers to Baby Boomers—are continuing to rent because they think it’s saving them money. According to the report, 76% of Millennials, 75% of Gen Xers, and 81% of Baby Boomers said renting was the more affordable option.
But with rents rising across the country, that’s just no longer the case. According to the most recent Market Outlook Report from Realtor.com, rents rose year over year in nearly ¾ (73%) of counties across the United States. And according to Trulia, it is now more affordable to own a home than to rent in a whopping 98% of the largest metro markets in the US.











The Takeaway

The misconception that renting is more affordable than homeownership is not only costing renters of every generation money, it&r ...

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  real estate, home ownership, homes for sale, buying, finances, first time home buyer, investment properties, real estate team, solari team, solari group, for sale, the solari group, market trends, level up realty, home sales, rent

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

Friday, February 08, 2019   /   by Nicole Solari

5 REASONS TO LOVE HIRING A REAL ESTATE PRO

5 Reasons To Love Hiring A Real Estate Pro

LINK: http://www.keepingcurrentmatters.com/2019/02/08/5-reasons-to-love-hiring-a-real-estate-pro-infographic/?utm_campaign=Blog_Promo&utm_medium=email&utm_source=email-automated&utm_content=DailyBlogSubscription&utm_term=BlogPost









Highlights:





Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make!






They are there for you to help with contracts, explaining the process, negotiations, and pricing (both when making an offer or setting the right price for your home).






One of the top reasons to hire a real estate professional is their understanding of your local market and how the conditions in your neighborhood will impact your experience.


LINK: http://www.keepingcurrentmatters.com/2019/02/08/5-reasons-to-love-hiring-a-real-estate-pro-infographic/?utm_campaign=Blog_Promo ...

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  real estate, home ownership, realtor, first time home buyer, real estate team, home price, solari group, market trends, team

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:June 25, 2019