Thursday, 7 April 2016
Wednesday, 6 April 2016
Wednesday, 30 March 2016
Friday, 8 January 2016
Now that we are in the start of New Year, sellers and buyers want to know what may be in store for the year to come. 2015 saw some great stride in improvements with many housing markets improving across the nation in both the number of sales and home values. I have listed a short summary of these trends for you to keep in mind, especially if you plan to sell or buy a home in the coming year.
Home prices and interest rates will be on the rise, but only at a consistence pace. home values countrywide will rise on average 3.5%. The California Association of Realtors expects to see home values across the state rise 3.2%. Economists are saying that interest rates will rise in answer to expected increases from the Federal Reserve.
The good news is rates on 30 year mortgages are expected to see a small raised, going from 4.0% to 4.5% in 2016. In terms of accessible home sales, CAR anticipates an increase of 6.3% in the number of sales for the state overall.
Now the median age of a first time home buyer is the highest it has ever been, age 33. This is a reflection of the housing crisis we went through and the resultant economic changes that have affected many young adults since then. With high rents and wages remaining stationary for many, saving for a down payment has been challenging. This trend is expected to continue for many in 2016. But there may be a bit of good news to help home buyers.
Credit scoring and its effects on home loan experience could become more flexible over the next year. As refinancing is expected to slow down, banks may become more flexible toward credit scores for new mortgages in an effort to "win" more borrowers.
When it comes to home trends, experts forecast that suburbs will make a return in popularity. The Urban Village idea has taken hold in more and more major metro areas across the country, as witness by the continual move of employers out of city centers. The most attractive suburbs have walked able main streets, work opportunities and public transportation.
In addition to these features, more buyers will be looking for Eco-friendly homes with smart features built in. The savings that can be achieved with power smart homes is well attractive. This in turn will make new homes more in demand, as new construction is increasingly including these types of features in homes, making them ready built for those who are environmentally conscious.
Less expensive areas which are experiencing more job increase will see better sales results in 2016, San Bernardine, the Central Valley and Solano County being some examples. In areas such as San Francisco Bay, home sales will rise but at a slower pace due to the smaller list and higher list prices.
California as a state is widely diverse when it comes to housing markets, but our growing economy and the national trends expected for the coming year will help see growth in home sales overall.
Thursday, 17 December 2015
David Lindahl Said home selling tipsfor winter season can be a harsh, unappealing time of year to sell your home. With 2016 about to rev up, it's especially vital to make your home stand out if you want to sell in the New Year. Here are some necessary tips for making your house No1 on the market as the year begins.
Warmth is top priority
Your house should always be warm when a Realtor conducts a walk through with buyers. Set a timer on your thermostat so it's temperate when they arrive. Also make sure to check there are no leaks with your ducts and vents, as this can make rooms cold all through a walk through.
Keep the house bright
It's also main to ensure that your home is sufficiently lit in every room. You want buyers to feel welcome place and impressed with the kitchen, next bathroom and bedrooms of your home. If a room has dim lighting or a burned-out bulb, it could take away from the in general appeal of the room. You should also think spending a little additional money to upgrade your lighting fixtures installing recessed lighting in confident rooms will give your home a small extra "pop." Standing lamps are also an extraordinary, reasonable alternative to lighting additions.
Try to make your landscape appealing
While your yard will be mostly winter during this time of year, there are several ways to smart up your cold weather landscape. Start by clearing your yard of any broken branches or big patches of fall leaves. It's also significant to ensure that any snow on or near your home's walkway is removed. If needed, you can hire a weekly snow remove service to keep your home safe for buyer walkthroughs.
Make the inside cozy
In addition to keep your house well-lit and temperate, there are other ways to make your home cozy and welcoming to buyers.
Classical musical system
You want buyers to feel as though they by now live in your home when they walk through the door. When you offer them a cozy location, they will want to use more time in your home and esteem its features.
Keep the fireplace lit
While you should have the heat on during a walk through, a different warm and cozy feature is the fireplace. If you have got a wood-burning model, this means you all need to have wood handy. You don't want to have several showings a day and a fireplace that roar for only half the company. This is especially important if the fireplace is close to the entry.
Plan for any storms
Make sure there's an urgent situation kit on hand in your home in case your home suffers an outage during a winter storm. This should include items like:
While your Realtor should be ready for inclement weather, it's important that you be prepared to keep everyone safe should the bad happen during a showing. And don't forget to keep a secondary travel emergency equipment to take when you are leaving for showings as well.