Solari Group Blog

Wednesday, March 13, 2019   /   by Hayley Baker

7 Things To Avoid After Applying For A Mortgage!

7 Things To Avoid After Applying For A Mortgage!




Congratulations! You’ve found a home to buy and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time life changes, consult your loan officer. They will be able to tell you how your decision will impact your home loan.
Below is a list of 7 Things You Shouldn’t Do After Applying for a Mortgage! Some may seem obvious, but some may not!
1. Don’t change jobs or the way you are paid at your job! Your loan officer must be able to track the source and amount of your annual income. If possible, you’ll want to avoid changing from salary to commission or becoming self-employed during this time as well.
2. Don’t deposit cash into your bank accounts. Lenders need to source your money and cash is not really traceable. Before you deposit any amount of cash ...

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  real estate, home ownership, homebuyers, homes for sale, buying, finances, first time home buyer, solari team, solari group, solano county, napa valley, escrow, for sale, mortgage, selling tips, home buyer tips, home seller, level up realty, home buyer, home sales, first time home buyers

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 07, 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

Wednesday, March 06, 2019   /   by Nicole Solari

2 Reports That Say Now Is a Great Time to Sell?

2 Reports That Say Now Is a Great Time to Sell







Heading into the spring buying market, there are strong trends starting to emerge.
The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials and Generation X leading the way!
Let’s dive a little deeper into some of the recent reports that have been released and what they mean for the spring buying season!
1. National Association of Realtor’s Existing Home Sales Report
Sales of existing homes were down for the third consecutive month in January. Some of this can be explained by the natural seasonality that the real estate market experiences every year, and some can be explained even further by a lack of homes available for sale on the market.
Inventory
For the last eight months, the inventory of homes for sale ha ...

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  homes for sale, selling, upgrades, investing, investment properties, solari team, solari group, property taxes, market update, for sale, market trends, selling tips, home seller, level up realty

Monday, March 04, 2019   /   by Nicole Solari

Home Values Projected To Increase 6.3% In 2019

Home Values Projected To Increase 6.3% In 2019














Buying a home is an investment. And, like any investment, you want to make sure it’s going to deliver a healthy return.
According to recent projections, it looks like real estate is going to pay off in a major way in 2019.
According to recent data from Zillow, the US Median Home Value is projected to grow a healthy 6.3% in 2019. So, if you were to purchase a home for $250,000 at the beginning of 2019 (in other words, now), that same home is projected to be worth $265,750—an increase of $15,750.

The Takeaway
Real estate is projected to provide some healthy returns in 2019, so if you’ve been thinking about investing in a new home, now is a great time to make a move.

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  real estate, home ownership, homes for sale, buying, investing, investment properties, market update, furniture, housing market, dream home, real estate market

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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