Modern valuation techniques, which use technology, data and analytics are allowing lenders, borrowers, and investors a more efficient process for successfully closing transactions. This allows a financed buyer the opportunity to compete against all cash offers and to do so at lower costs. If you’re looking to purchase a home, then I encourage you to reach out to me so we can begin the home search together.
Read MoreIn 2003, my dad gifted me a copy of Robert Kiyosaki’s “Rich Dad, Poor Dad” and it taught me that exchanging my time for money in the grocery business as an employee wasn’t going to get me to where I wanted to go in life.
Read MoreBuying a home is a significant investment and a crucial decision for anyone. One of the best ways to make the most out of your home buying experience is to attend open houses. Open houses are a great opportunity to see the property in person, get a feel for the neighborhood, and ask any questions you may have. However, to get the most out of an open house, it's important to know what to look for and what questions to ask. In this blog post, we'll share some tips for home buyers on how to make the most out of viewing a property at an open house.
Read MoreIn all, I am starting the year off with 11 written goals. Five are work related, six are personal related. Once accomplished, I will be looking back at a fulfilling 2023 that resulted in a happier, healthier, and more accomplished me. What about you, do you enjoy setting written goals for yourself? If so and you’re up to it, message me what some of yours are for the year to come. I’d love to hear from you!
Read MoreThis is promising news to me and I’m excited by the opportunities that the current market is presenting real estate buyers and investors. Over the next weeks I’ll be working on my goals for 2023, and I think adding at least one new rental in the Sacramento area over the next 12 months will be one of those goals. Feel free to reach out to me with any questions or interests you have as they relate to real estate.
Read MoreThe hypothetical rental I was considering at the time was a three-bedroom, two full bathroom home with 1,600 square feet of living space on a 0.16-acre sized lot in an average neighborhood. The median price for a detached single-family home in February of 2021 was $440,000. Rent rates were estimated at $1.25 per square foot, which put our generic home at $2,000 per month.
Read MoreIn addition to the more attractive pricing seen in the condo market, there also is more of a balance at the negotiating table between buyers and sellers than currently exists in the single family home market. Price and balance are two strong influences that should prove this prediction to be accurate.
Read MoreTaking a look at Sacramento County, the current median price for a detached single family home during the past six months is $440,000. The median statistics for our generic Sacramento County property is 3 bedrooms, 2 full bathrooms, and a little more than 1,600 square feet of living space with a decent sized yard (0.16 acres). Rental rates in Sacramento will vary depending on where the property is located within the county. For general purposes, I estimate rent to be $1.25 per square foot of living space and in this example, a 1,600 square foot home would generate $2,000 a month in rent.
Read MoreWill that trend continue into 2021? Most forecasts predict that it will. You may have seen a lot of shares on Facebook of the Realtor.com article predicting that Sacramento will be the hottest market in the nation through 2021.
Read MoreHome values are up, interest rates are down, and your neighborhood is highly sought after. Any one of these factors could lead a home owner to consider selling. With so many contributing factors working in concert, they have created a great real estate market and sellers are taking advantage of it. As the air gets crisp, the leaves start to change their colors, and kids are back in school (sort of) is now still a great time to sell?
Read MoreThe Governor has signed an order to extend the eviction moratorium for commercial tenants through March 2021. The residential market continues to be a bright spot in terms of property values, but is struggling to meet buyer demand due to an extreme lack of inventory.
Read MoreThe median sales price of existing homes sold in the United States was $304,100 in July 2020, the first time in US history that the median sales price has exceeded $300,000. The $304,100 median price is also a record on an inflation-adjusted basis, besting the $230,200 median sales price from July 2006 (14 years ago), equal to $293,096 in 2020 dollars (source: Nat'l Association of Realtors).
Read MoreThe Sacramento region continues to experience a tightening of the housing supply. For another consecutive month, buyer activity has outpaced seller activity throughout the area. There are two likely and positive sources for the continuous influx of buyers.
Read MoreSales of existing homes has skyrocketed in July and rose 24.7 percent across the country from June to July and 8.7 percent since July 2019. The national median sales price of existing homes has also risen - it is up 8.5 percent from July 2019 at $304,100. This is the first time ever that the national median sales price of existing homes has surpassed $300,000.
Read More…the consensus among real estate professionals continues to be that this hot market will continue into the foreseeable future. I’m hearing that from people here locally, as well as from Realtors and loan officers in various markets around the country. I don’t have any real times facts or experiences that contradict those outlooks, but I will say this: 2020 has been very volatile due to covid-19…
Read MoreReal estate is a cornerstone of wealth building. Having your monthly house payment go towards your own equity opposed to someone else’s through rent is a key component of that wealth building. With interest rates being at all-time lows, it is allowing more and more people to take advantage and become home owners.
Read MoreIn short, Fannie Mae’s surveys continue to confirm what we’re seeing here locally in our own market. Buyer activity is robust, while seller activity is limited. Competition for available homes is tight, and home values remain steady. Properly priced homes continue to receive offers in short order. Will home prices drop due to COVID-19 influences?
Read MoreI get asked on a near daily basis where I think our local real estate market is headed. On one hand I read articles that covid-19 cases are increasing, more shutdowns are imminent and 40+ million Americans remain unemployed. On the other hand, I read articles like I did this morning which point out new pending sales on existing homes increased at a record setting level and interest rates continue to be at the lowest levels they’ve ever been.
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