Feb. 11, 2020

The Top 5 Reasons to Hire a Pro Real Estate Agent




Are you thinking of hiring a real estate agent for your 2020 needs? If so, here are the top five reasons to hire a professional.

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

If you’re thinking of buying or selling in 2020, there are five key reasons to hire a professional to help with your transaction:

 

5. Contracts. A professional agent will not only help you understand all the disclosures contracts to stay safe in our highly litigious world, but they’ll also understand the nuances and tools that lay deep within the contract to position you for success as it relates to contingencies or timelines. This is especially true for sellers who also need to buy a replacement home. 

 

4. Experience. Experience and education about the sales process are valuable to any buyer or seller in the market. Here, ‘experience’ doesn’t mean the agent’s time in the industry, but rather how much they’ve done the particular thing you’re hiring them to do. Find an agent who knows all the ins and outs of the road ahead of you. 

 

3. Negotiations. We’ll act as a buffer between all parties involved in the transaction. I like to negotiate strategically to put my clients in the best position based on my experience and understanding of the contract. I’ll use that as leverage to get the most out of negotiations as possible while ultimately advocating for their best interests. 

 

2. Pricing. Helping clients understand pricing in today’s market has become more interesting as information has become more accessible through the internet. As professionals, it’s our job to help verify and increase the accuracy of our clients’ listing and offer prices. The real value comes from helping them understand the opportunity and/or leverage point that exists within the price. For example, we can tell sellers whether it makes sense to price your home slightly under market value to leverage it into a higher price. We’ll also help buyers understand how to compete within their desired price range.

 

1. Knowledge. Professional agents have their finger on the pulse of the market; they can simplify and explain what current market conditions mean for you, as well as inform you about opportunities. 

 

 

If you have any questions about buying or selling a home, or you need professional assistance with your transaction, don’t hesitate to reach out to us. We hope to speak with you soon!

 

Posted in Pro Tips
Jan. 14, 2020

4 Home Renovations That Will Bring The Greatest Returns




Are you planning to make home renovations in 2020? If so, here are the top four renovations to make if you want the best return on investment.

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

As a home-improvement enthusiast myself, today I’ll share the top four home renovations in terms of the kind of return you’ll get on your investment:

1. Garage door replacement. Garage doors can be the main focal point of your home. The average replacement costs about $3,600, and you can expect to recoup around 98% of that cost.

2. Landscape improvements. Don’t get too extravagant here; we’re talking about replacing sod, planting flowers, and maybe installing some rock formations. Sprucing up your landscaping can boost your curb appeal, which always gives a good return on your investment—a 95% return, on average.

3. Kitchen remodel. This is not only a great opportunity to add value to your home, but also a way to increase your enjoyment while you live there, be it for entertaining or handling your day-to-day cooking. The average kitchen remodel costs a little over $20,000 and you can get an 80% return on your investment.

4. Wood deck additions. If you’re lucky enough to have a large backyard, a wood deck addition can really enhance the usability of that space, allowing you to host more people and enjoy the outdoors more often. The average cost is upwards of $10,000 and your return on investment will be around 75%.

 

Use these tips to help get you started on any home improvements you’re considering for 2020. Remember that every home and neighborhood is different, so what may be good in one place isn’t necessarily going to be as good in another.

 

If you have any questions about your upcoming project or home improvement in general, feel free to reach out to us. I’d be happy to discuss your plans and even refer you to a trusted vendor. Hope to hear from you soon!

Posted in Seller Tips
Jan. 13, 2020

2470 Genova St #4 - JUST LISTED!

Posted in Listings
Jan. 6, 2020

785 Dolomite Court - JUST LISTED!

Posted in Listings
Dec. 30, 2019

4 Reasons Why This Winter Is a Great Time to Sell




If you’re thinking of selling your home, there are four reasons why you should do so this winter.

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

There are four compelling reasons to sell your home this winter:

1. Buyer demand is strong. In many areas in the Sacramento region, multiple buyers are competing against each other for the same home—especially in entry-level or first-time buyer markets. There’s a great opportunity to take advantage of this increase in demand.

2. There is less competition. Inventory is very low right now, which means there are fewer homes for sale than there are interested buyers. Don’t wait until additional inventory comes on the market this spring.

 


    Selling your home and moving up sooner rather than later could lead to substantial savings.

 

 

3. Buyers are serious this time of year. Traditionally, sellers think spring is the best time to sell because of the potential of more buyers in the market. However, buyers who shop for homes in the winter—when it’s rainy, cold, and wet—are eager to find a home quickly. It only makes sense to list your home while other sellers wait.

 

4. There may never be a better time to move up. There’s more active inventory in higher price ranges, which means it’s a great time to sell your starter home and move up into your dream home if you’ve been thinking of doing so. Additionally, home prices are expected to appreciate by 4% to 5% next year, so it will cost you more in raw dollars if you wait.

 

The bottom line is that selling your home and moving up sooner rather than later could lead to substantial savings.

 

Of course, everyone’s situation is different, so if you’d like to discuss what your next move should be or if you have any other real estate questions, don’t hesitate to reach out to me. I’d love to help you.

Posted in Seller Tips
Dec. 9, 2019

2605 T Street - SOLD!

Posted in Listings
Dec. 9, 2019

Why Our Fall Market Presents a Great Opportunity for Buyers and Sellers




As we end fall and head toward winter, sellers have a great opportunity in our market.

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

As many of you know, Sacramento traditionally operates as a seasonal market—we peak in the summer and experience a downturn in the fall. This fall, however, things shaped up a little bit differently.

Why? Well, our listing inventory has decreased by about 7% year over year, while pending sales have increased by about 7%. Inventory is at just 1.5 months, and sellers are taking advantage of low inventory and higher buyer demand. They’re selling their homes faster now than they were in the previous four months.

 


    We’re seeing a sweet spot in the $300,000 to $500,000 price range.

 

What’s also interesting about our market is our median home price is $385,000—just $5,000 off the peak price we saw last June. Overall, the market is moving slightly slower than it has in the past. The average days on market for homes has increased, but that doesn’t mean the market is changing for the worse. It’s just taking a day or two longer to sell a home on average than what we’ve previously seen.

 

In my experience dealing with buyers, we’re seeing a sweet spot in the $300,000 to $500,000 price range. Here, sellers who stage and prep their home for the market are selling with multiple offers. I’ve even seen homes attract as many as six offers. This isn’t to say that every home is getting that type of attention, but there’s a real opportunity for sellers in this price point to price their homes in a compelling way. Many buyers out there want to take advantage of low interest rates and buy.

 

Where the market will head as we enter 2020 is anyone’s guess, but what I like are the continued low interest rates and consumer confidence. If those two things remain in place, we’ll have a nice real estate environment for buyers and sellers.

 

If you have any questions about our market or your buying or selling situation, don’t hesitate to reach out to me. I’d love to help you.

Posted in Market Update
Nov. 26, 2019

What The Tenant Protection Act Means for Renters & Landlords




Are you curious about what Sacramento’s new rent control ordinance means to landlords and renters alike? If so, this video is for you.

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

On September 12 of this year, Sacramento passed its own version of rent control called the Tenant Protection and Relief Act. This ordinance serves to further tighten restrictions on rent increases and reduce the number of ways in which a landlord can evict a tenant.

Specifically, rent increases will now be capped at 6% plus CPI, which is essentially a cost-of-living index. Currently, that index is at 2.5%, meaning you’d now have a total maximum increase of 8.5%. That’s down from the state’s prior law of 10%.

In addition to this, landlords will not be able to evict tenants without cause. The specific causes necessary to evict someone are listed as:

  • Failure to pay rent
  • Criminal activity
  • Failure to give notice
  • Substantial repair
  • Owner move-in
  • Removal from market

 


Rent increases will now be capped at 6% plus CPI, which is essentially a cost-of-living index.


 

 

Further still, beyond capping rent increases, the ordinance also limits the number of increase to one per each 12-month period.

 

In my opinion, the restriction placed on the circumstances under which a landlord can evict a tenant is one of the most important pieces of the new rent control act. However, there are a few important exemptions that both landlords and renters need to be aware of:

  • The ordinance only applies to multi-family homes—properties with two or more units that were built before February 1, 1995.
  • There is a provision in the law called the “Fair Rate of Return”: This allows landlords to petition the city for an increase in rents above the maximum allowable limit. This will only be relevant in circumstances where a new buyer has purchased a property that brings in negative cash flow; this provision will allow the owner to get some additional rent relief.

What does this all mean for the tenant-landlord relationship in Sacramento moving forward?

 

I think we may see some landlords pass through some of their operating expenses to tenants in circumstances where they can’t increase rents enough. That means you might see some utility bills and parking fees being passed through to tenants. I also think that landlords may not be able to achieve maximum sales prices when they sell their properties if they have one of the properties that qualify for the protection and they have lower rents for renters.

 

It’s ultimately important to understand whether or not you’re in one of the protected properties, what your rights are as they pertain to your lease agreement, and, of course, the new ordinance itself.

 

If you have any questions about rent control, buying or selling property, or real estate in general, don’t hesitate to reach out to us. We look forward to hearing from you soon.

Posted in Pro Tips
Nov. 24, 2019

SOLD!! - 494 Garden Street

Posted in Listings
Nov. 21, 2019

Deep Dive into Obtaining a Home Loan



In this video, we cover all the basics of mortgage financing from the very beginning. 

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

If you’ve had questions about the home financing process or aren't sure where to start, today's video is for you! We brought in expert loan officer Jeff Stevens of Umpqua Bank to go over the steps of getting a home loan. In this video, we answer the following questions:

 

  • What can a home buyer expect from the pre-approval process?
  • How long does the process take (consultation, pre-approval, etc.)?
  • After I get pre-approved, am I committed to anything?
  • Is a first-time home loan always the best option for a first-time home buyer?
  • When should a home buyer get pre-approved?
  • Is it ever too early to get pre-approved for a home loan?
  • Am I wasting my lender's time by getting pre-approved before I'm ready to buy?
  • What are the advantages of working with a local lender over an online lender?
  • What is the difference between a pre-approval and a pre-qualification?
  • Is there anything better than a pre-approval?

We're so glad to have Jeff on our team as our trusted lender partner with his wealth of knowledge and willingness to assist all types of home buyers! Watch the video to learn all the basics and first steps of obtaining a home loan!

 

If you have more questions about home financing or any other real estate needs I can take care of, don’t hesitate to reach out! I’d love to speak with you.

Posted in Live Interviews