Renovation | Solari Group Blog

Tuesday, November 20, 2018   /   by Nicole Solari

Are Homeowners Renovation to Sell or to Stay?

Over the past few years, two trends have emerged in the housing market:





Home renovations have shot up






Inventory of homes available for sale on the market has dropped





A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home Sales Report from the National Association of Realtors, we are currently at a 4.4-month supply.


This low inventory environment has many current homeowners worried that they would be unable to find a home to buy if they were to list and sell their current houses, which is causing many homeowners to instead renovate their homes in an attempt to fit their needs.


According to Home Advisor, homeowners spent an average of $6,649 on home improvements over the last 12 months. If that number seems high, it also includes homeowners who recently bought fixer-uppers.


A new study from Zillo ...

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  real estate, home ownership, real estate agent, solari group, interest rates, winter, home renovation, home sales, level up

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

Friday, September 08, 2017   /   by Nicole Solari

3 trends shaping the housing market of today (and tomorrow)

It’s time to clear a few things that have been lingering around my desk, bits and pieces of market news that together explain some of what’s happening with today’s housing market and how it may change in the near and distant future.
More would-be buyers opting out of homeownership
The most popular theory about why more houses aren’t being sold: There simply aren’t enough properties on the market to go around. But according to a new study from Experian, one of the big three credit repositories, a big chunk of what would ordinarily be potential buyers have opted out of homeownership.


Source: Experian


More than a quarter of the 1,000 people queried in a telephone survey in late June — 27 percent — told Experian that they have no interest in owning, not now and not five or 10 years from now. That’s up from 19 percent when pollsters asked the same question a year ago.
Another big reason: Folks want to remain mobile. Nearly tw ...

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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, home inspection, home price, safety, inspection, renovation, freedom

Monday, August 28, 2017   /   by Nicole Solari

Waiting to Move May Cost You More!

Some Highlights:

The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
In the report, home prices are compared both regionally and by state.
Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
Alaska & West Virginia were the only states where home prices are lower than they were last year.



source

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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, home inspection, home price, solari team, diy, credit score, safety, inspection, renovation, freedom, home security, property taxes, vacant home, escrow, furniture, clean, taxes, door

Wednesday, June 21, 2017   /   by Nicole Solari

3 Ways to Protect Your Home from Probate

 
After working hard for so many years, you might have purchased a home you are proud of. However, you might have heard about folks whose families were unable to get the family home after a parent’s death because it was tied up in court with probate issues.
 
As a parent and spouse, you probably want to spare your children from the expense and burden of probate court. Here are 3 ways to protect your home from probate so that it goes to the person or people you wish it to with as little delay as possible.
 
1. Use a Living Trust
 
While you're alive, you might be adamant about managing your personal affairs. However, if you want to be sure that you're legally protecting your estate, you ought to look into a living trust.
 
With a trustee, usually a trusted friend or family member, you can continue managing all the assets you transfer to the trust while you’re alive. When you finally pass on, the people or person listed as your beneficiari ...

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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, decor, open house, repairs, loan, investing, decoration, investment properties, invest, re/max, re/max gold, home inspection, home price, real estate team, solari team, diy, credit score, safety, inspection, renovation, freedom, home security, property taxes, vacant home, escrow, furniture, clean, taxes, door, front door

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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