Real Estate News, Tips & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

March 13, 2019

Staging your Home in a Hurry

Ideally you should have a week or two available before you list your property in order to stage your home and make it look its best for buyers. But, what if you listed quickly and within hours of the For Sale sign going up a buyer wants to view your property?

 

In that scenario, you need to do some quick "staging" to get your home ready. Let's assume your property is already clean and tidy. Here are some other things you can do.

 

·Open the curtains, even at night. This will make each room seem brighter, more appealing and more spacious.

·Pull out some boxes or storage bins. Put away personal knick-knacks (like that bowling trophy) and other personal items to reduce clutter on shelves and countertops.

·Clear countertops in the kitchen and bathrooms. Put the old toaster oven out-of-sight.

·Make sure lighting throughout the house is bright and comfortable. In darker areas, plug in a lamp.

·Clear away as much as you can in the foyer. Make that space look open, uncluttered and welcoming.

·Move cars out of the driveway. Give the buyer a convenient place to park!

·Make the beds. Fluff pillows on sofas.

·Clear away as many items as possible from the closet floors (such as shoes.)

·Open a window and air out the kitchen, especially if you just finished cooking.

·Make sure your pet is in a crate or, if possible, out for a walk. Not everyone loves pets.

 

These staging tips take only a few minutes each, but can make a big difference in the impression your home makes on a buyer.

 

Want more home selling advice? Call today at (909)610-5188.  

Posted in Seller Tips
Feb. 25, 2019

Market Update - February 2019 (Video)

Posted in Market Updates
Feb. 24, 2019

Relocate to a Different Town or City

 

Moving around the corner or even across town is relatively simple because you are likely familiar with the various neighbourhoods and you can access them anytime. If there's a listed home you want to view, you can simply go see it.

 

Relocating to a different town or city, however, is much more challenging. It may not be possible for you to make multiple visits to see homes for sale. You may also be unfamiliar with the various neighbourhoods.

 

So what do you do if you want to move out-of-town or need to relocate due to work?

 

Your first step is to get the information you need. You'll want up-to-date data on the neighbourhoods so you can pinpoint the ones that are the best fit for your needs and lifestyle. You'll also want to get a sense of the types of homes for sale in those neighbourhoods — style, size, features, listing price, etc.

 

Your next step is to schedule a day to view homes. This visit must be carefully planned so you only see those properties that are likely to be of interest. You don’t want to travel all that way only to end up seeing properties you wouldn't likely buy. What a waste of time!

 

So, if you’re relocating, you’ll need help. Give me a call. I can help make the relocation go smoothly for you.

 

 

Posted in Buyer Tips
Feb. 1, 2019

9 Steps to Find your Next Dream Home

If you're thinking ahead to your next dream home, the road you need to take to get there may seem confusing. Do you search for listings online? Drop by Open Houses on the weekends? Call the number on For Sale signs?

 

Let's break it all down! Here are the specific steps you need to take to ensure you find a home that fits your wants, needs and budget.

 

1.  Find out how much your current property will likely sell for on today’s market.

2.  Arrange for financing, so you know what you can afford.

3.  Select neighborhoods you'd love to live in. (That may involve some fun exploring!)

4.  Decide on the type of home you want to buy. (For example: detached, three-bedroom, etc.)

5.  Prioritize the property features you want most, so you can be flexible if a feature is missing from a home listed on the market that is otherwise ideal.

6.  View properties on the market that closely fit your criteria, particularly new listings that may not yet be posted online. (Tip: Arrange to be immediately notified of new listings that are a good fit for you.)

7.  When you find a home you want, make an offer designed to get the property — without overpaying.

8.  Negotiate until you secure the deal. This may involve counter-offers.

9.  If the negotiation is skillfully done and all goes well, the home is yours.

 

As you can see, there isn't a lot of mystery in finding your next dream home. You just need to take the steps and get the professional help you need along the way.

 

Looking for a real estate agent that can get you to the finish line?

Call today!

 

Posted in Buyer Tips
Jan. 16, 2019

When a Home Inspector Finds an Issue

Imagine you've found the perfect home. You love it. You've made an offer that's been accepted. So far so good! The only catch? You've wisely made the offer conditional on passing a professional home inspection.

What happens if that home inspection reveals a major issue?

First, you should know that, depending on the age of the property, a home inspection will typically turn up at least a few areas of concern. The inspector might find loose insulation in the attic that is thinning out or roofing shingles that will need replacing in two or three years.

Issues like those are not usually deal-breakers.

However, if the home inspector finds a major issue — such as old wiring that's worn and presents a safety concern — then you're facing a potentially high cost of repair should the deal go through.

In a situation like that, as your real estate agent, I will address the issue with the seller, usually through the seller's agent. Since neither of you will want to lose the deal, the seller often agrees to get the repair done at his own expense or, have some or all of the estimated repair cost deducted from the sale price.

Will the deal be in jeopardy? Usually not. In most cases, if you have a real estate agent like me working in your best interests, it all works out.

If you have any questions regarding inspection, or if you need a dependable inspector,  please do not hesitate to contact me.  

Posted in Buyer Tips
Jan. 5, 2019

Market Update - January 2019 (Video)

Jan. 1, 2019

Taking the Stress Out of Selling your Home

For some people, the thought of listing their home for sale is stressful. They worry about all the things they have to do — and all the things that might go wrong.

 

Luckily, it doesn't have to be that way. Here are some tips for making your home sale go smoothly:

 

· Give yourself time to prepare. If you're thinking of selling six months from now, start preparing your property now. Do any necessary staging, and get it looking its best. Avoid doing these tasks at the last minute.

· Set the right price. Pricing your property too high will likely result in few, if any, buyers coming to see it. You might end up having to lower your price later, causing your home to linger even longer on the market. That's stress you don't need!

· Have a flexible viewing schedule. If you make it too difficult for buyers to see your property, they might lose interest or simply choose to buy another home. Be as flexible as possible when a buyer wants to view your property.

· Plan get-away activities. When a buyer comes for a scheduled viewing, don't be home. Instead, plan some fun activities for your family. Think: playground, shopping, cycling, the zoo, etc.

· Accept the ups and downs. Prospective buyers might say they love your home and plan to make an offer. Then you don't hear from them again! It happens! Accept the inevitable ups and downs of selling your home.  

· Get help with repairs. You'll probably have things that need to be fixed around the home, like a dripping faucet that needs repair or a room that needs painting. If possible, hire a professional to do some of that work.

· Finally, work with a great real estate agent. That will make the biggest difference in ensuring your move goes smoothly and stress-free.

 

Looking for a real estate agent like that? Call me!

Posted in Seller Tips
Dec. 29, 2018

Market Update - January 2019

Let's do a quick recap of the market roller coaster ride we had in 2018.  

We started the year in a abnormally strong seller's market.  Witnessing the lowest inventory level in years  for most areas.  It created a huge imbalance of on the supply and demand and caused the home to sell in days and drove the price up.  

Fast forward to 2nd quarter of 2018,  the market began to slow down...ending a 5 year upward-trending cycle.    The number of pending sales declined rapidly while number of homes for sale continue to rise.  Shifting the market away from a seller's market.  

In the last 2 or 3 month of the year,  we have our normal real estate 4th quarter slow down.  At the same time, we were closing out the ending of a 5-6 year upward trending cycle.  

With unrest in the financial market, rising in interest rate and housing prices being as high as they had been,  buyers were not able to afford homes like they had in the past.   

As we continue to sit at the beginning of an adjustment period where we see we the shift from an abnormally strong seller market to a normal market in 2019.  Let's take a look at a few points on what you can expect in a Normal market.  

1. Buyers have choices.  Listing inventory has grown and come back to normal...meaning...buyers have more selection on homes to buy.  When buyers have choices,  price often go flat or decline.

2.  The table has turned.  As we move from a sellers' market to a buyer's market, which will make seller unhappy and buyers very happy.

3.  Frustrating time for sellers.  There will be more listings expired because comparable 2-3 month old can no longer support the market value today and if the agents are passive.  

4.  Patience is a Virtue.  Listings will be on the market for extended period of time vs a few days or few weeks when we had seen in the last few years.    

5.  Professional Opinion matters.  For Sale by owners are not selling quickly and more than ever,  need a good agent's advice.  

6.  Softening on the price.  Motivated seller will be lowering the prices and bring the neighborhood comparable down and unmotivated seller will remain on the market for extended period of time with a higher price.  

7.  Agents leaving the business.  With 50% of the real estate agents not completing a single transaction in 2018.  The part time agents, the passive agents or unskilled agents who do not have the skill set to get homes sold in this market will leave the business.

8.  Buyer Frenzy disappeared.   With more listings on the market and selling slowre, buyers now have the luxury of more houses to see.  

9.  Monitor that interest rate.  Interest rate and financing will continue to be a big factor for both home sellers and buyers.  

10.  More Buyers will qualify in time.  With less profit appreciating in home price and possibly slowing down,  more people are not qualify to buy.

 

 

 

Dec. 22, 2018

Holiday Wishes from Jack

Posted in Market Updates
Dec. 16, 2018

How to Buy a Home in a "Hot" Area

Is there an area you'd love to get into that's "hot"? In other words, an area where, as soon as a new home comes up for sale, buyers are clamoring to see it?

It can be intimidating to try to buy into a neighborhood like that. On one hand, it's the type of area you'd love to call home. After all, there are good reasons why it's so popular! On the other hand, you might be discouraged by the competitiveness and prices.

If you want to live in that neighborhood, there are a couple of things you can do that will increase your chances of success.

The first is to create a strategy. Most buyers rush to see a listing in a desirable area only when it shows up on MLS — or sometimes only when it's advertised. You'll have a better chance of getting into the neighbourhood if you are alerted the moment a property comes up for sale and you have pre-arranged financing. You’ll get to the head of the line and be ready to make a credible offer.

The second is to have your agent prospect for a seller.  Often time there are home owners that are thinking about selling but is not quite ready yet.  Real Estate professionals can approach these sellers about the possibility selling the home to you without listing it on the market.  This will also help you avoid competitions.   

The third option is to consider targeting other neighborhoods with similar characteristics. You may have long-dreamed of living in Prestigious Area A, yet there might be a Hidden Gem Area B that is just as good. Maybe it’s even better!

Ultimately, your goal is to find the home you want in a neighborhood you like. The right strategy will get you there.

Contact me for more information.

Posted in Buyer Tips