Real Estate

Selling Your Home to Purchase a Replacement Home

Have you considered purchasing a new home but have wondered how to buy and sell your current home at the same time? Did you know you can sell your home contingent upon purchasing a replacement home and the time frame and other terms can be negotiated with the buyer?

Schedule your online session to ask me how you can purchase and sell at the same time.

Real Estate

Selling Your Home Safely During COVID-19

It is understandable for this time of uncertainty to cause homeowners to consider holding back on selling. However, if you are looking to sell, this should not be what holds you back. In fact, according to a survey from the National Association of Realtors, 77% of homeowners are preparing to sell their homes at the end of the stay-at-home orders.

Don’t stay behind and click below to schedule your 15-minute online session on your home’s value and how to safely sell your home during COVID-19.

Real Estate

Has COVID-19 Affected California Real Estate?

Many are wondering how the real estate market will be impacted with all this uncertainty. In March, the unemployment rate in California rose to 5.3, which was a 1.4 jump from the previous month — this means a lot of people are either completely unemployed or their hours were reduced. So, it’s understandable that the real estate market will be impacted somehow. The question is how much and for how long.

The California Association of Realtors has been following the trends and recently released the following sales and price report:

This chart means the home sales decreased in March and, as of the date of this report, they were expected to be even lower in April. However, according to their research, median home prices increased. This could be as a result of less inventory. If less homeowners put their homes on the market, the demand becomes higher. Since interest rates are still at their lowest, serious homebuyers are searching for homes. Therefore, there is demand and prices increase.

So what does this mean for you? If you are a seller who has been on the fence about selling, this is the perfect time to sell because you have less competition and there is still demand. If you are a buyer, it is also a great time to buy because interest rates are at their lowest –the lower the interest rate, the lower your mortgage payment and the higher your buying power.

I believe the length of time these trends will continue will depend on how much longer the pandemic affects unemployment. This is a public health crisis, but unfortunately, it is impacting the economic stability of our nation. As of right right now, if you are in a position where you can sell or buy, I would recommend you do it. This pandemic is changing everything every day if not every hour, so waiting too long to see what happens, could be a costly decision in the future.

Real Estate

Tips for Home Staging Your Home for Sale

So what is the difference between a home that sells quickly and one that takes three times as much to sell when they have the same characteristics and are in the same neighborhood?  You guessed it–home staging.

Did you know that staged homes sell 80% faster and up to 20% more than non-staged homes?  The thought that home staging can be expensive might overwhelm home sellers.  However, remember your home is now a “product” that you are selling and, in the long run, it will cost less to invest in home staging because the home will be less time on the market and will sell for more. 

If you are planning on selling and simply cannot afford to home stage your home, here are some things you can do yourself to prepare your home for sale:

De-clutter – Go room by room with a box or large basket and throw in anything that doesn’t belong.  Organize your closets and drawers (buyers do look in there).

De-personalize – Walk around the home and remove ANY item that is the size of a football or smaller.  Remove all family pictures.

Paint – Paint a neutral color and repair any damaged wood, doors, or walls.

Space – Buyers want to see a spacious home.  Remove any bulky furniture as well as furniture that blocks walkways or features of the home.

Natural Light – Make changes to allow for natural light in the home.

Pets – Remove any pets, pets’ beds or toys, and pet odors when people are touring the home.

Clean – Do a deep cleaning of the home.  A clean house is always inviting and more appealing.