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Blog Archives: April 2015

First-time Real Estate Investor? Here Are 3 Helpful Tips That Will Get You Started

April 30, 2015
Real estate investing comes with many benefits that you may be eager to start taking advantage of. For example, the right rental property can provide you with monthly cash flow coupled with equity appreciation, tax deductions and more, and these can have incredible effects on your overall financial situation. As a first time real estate investor, you may be excited to start searching for a property to invest in, but you may consider following a few helpful tips to make your search more successful. Determine Your Budget There are investment ...

Median List Price for San Francisco Condos is $1,025,000

April 29, 2015
The median list price in SAN FRANCISCO, CA this week is $1,025,000. The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market. The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb. The market seems to have paused around this ...

You Ask, We Answer: How Long Should It Take to Sell My House in the Spring?

April 29, 2015
Depending on where you live, selling your house in the spring could take a few weeks to a few months. Although people are in the market to buy a home all throughout the year, spring time appeals to buyers who may be planning to use an income tax refund to help with the down-payment or closing costs. If you want to sell fast make sure you pay attention to the details like curb appeal, freshening the interior, and pricing your home right. Curb Appeal Basics Selling your home quickly in the spring depends on a buyer’s first impression when ...

Tuesday Tour April 28, 2015

April 28, 2015
Tuesday tour (aka Broker’s Tour) is not just for brokers anymore – the public is invited and welcome to attend. In fact, it’s one of SF’s best kept real estate secrets. Many of the properties on the tour are open for the first time. For serious buyers, this is a great opportunity to get a sneak peak before the weekend crowds. Plus, many of the open houses are catered – BONUS! Click HERE for a full schedule I go out just about every week to scope out what’s hot and what’s not, and report back to my clients. For help with San Francisco ...

Improve Your Home’s Resale Value with Our Guide to Adding a Beautiful Wooden Fence to Your Yard

April 28, 2015
With many types of home improvements, at least a portion of the cost that you put into the improvement can be recouped from additional value when you sell the home. While each project is different, some projects can have multiple benefits that impact property value and overall desirability with a new home buyer. Adding a beautiful wooden fence to your yard is a great way to boost resale value, and with a closer review, you may determine that you want to install a new privacy fence to your property soon. Instilling Privacy Around Your Home ...

What’s Ahead For Mortgage Rates This Week – April 27, 2015

April 27, 2015
Last week’s housing related reports included the FHFA Home Price Index, the National Association of Realtors® Existing Home Sales report and The Commerce Department’s report on new home sales. Results were mixed, but suggest that housing markets are strengthening. FHFA Home Prices Up in February, Existing Home Sales Highest in 18 Months The Federal Housing Finance Agency reported that home prices associated with mortgages owned or backed by Fannie Mae and Freddie Mac rose from a 5.10 percent increase in January to a seasonally adjusted ...

The Spring Rains Are Coming – Here’s How to Prepare Your Home if You Live in a Flood Zone

April 24, 2015
If your home is located in a flood zone, it’s critical that you know how to get ready for those drenching spring rains. Here are some basic steps any homeowner can take to prepare for potentially devastating floods. Community Emergency Plans Your community has an emergency plan in case of flooding. There are warning signals to alert residents, evacuation routes mapped out and the locations of emergency shelters are given. Get in touch with your community government center if you haven’t already received copies of these preparedness plans. ...

Median List Price for San Francisco Condos is $ 1,049,000

April 23, 2015
The median list price in SAN FRANCISCO, CA this week is $1,049,000. The 251 properties have been on the market for an average of 36 days. Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit. The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their ...

How Does Making Lump Sum Payments Affect Your Mortgage? Let’s Take a Look

April 23, 2015
Periodically, many homeowners will receive a rather sizable amount of extra cash. This may be from a bonus from your employer, a refund on your tax return, a financial gift from a relative or something else altogether. While there are many things that you could do with your windfall, you may be wondering if paying down your mortgage balance is a wise idea. Before you make your decision about how to spend your money, consider what impact your lump sum payment will have on your mortgage. Reduction in Principal Balance The most obvious impact ...

Home Builder Confidence Rises in April

April 22, 2015
The National Association of Home Builders (NAHB) reported that April’s Housing Market Index rose from a reading of 52 in March to 56 for April. This is in line with warmer weather and the peak home buying season in spring and summer. Readings over 50 indicate that more builders view market conditions as positive as those who do not. NAHB members cited lower mortgage rates and better labor market conditions as reasons they expect more home buyers to enter the market. All Components of Builder Confidence Increase The NAHB Home Builder Index ...

Ready to Relocate? 3 Tips on How to Set a Moving Budget That Won’t Break the Bank

April 21, 2015
Relocating to a new area can be exciting, but it can also be expensive. There are many resources to help, but most cost money. However, if you take your time and plan carefully, you can reduce the expense so you don’t start your new life with new debt. Here are three tips to controlling your moving budget. 1. Find Out What’s Free Nothing is better than paying nothing, right? Don’t assume you have to fork out money for everything you need to move. If you have accepted a new job, ask your new employer whether the company can cover any of your ...

Tuesday Tour April 21, 2015

April 21, 2015
Tuesday tour (aka Broker’s Tour) is not just for brokers anymore – the public is invited and welcome to attend. In fact, it’s one of SF’s best kept real estate secrets. Many of the properties on the tour are open for the first time. For serious buyers, this is a great opportunity to get a sneak peak before the weekend crowds. Plus, many of the open houses are catered – BONUS! Click HERE for a full schedule I go out just about every week to scope out what’s hot and what’s not, and report back to my clients.   For help with San ...

What’s Ahead For Mortgage Rates This Week – April 20, 2015

April 20, 2015
Last week’s economic reports included the NAHB Wells Fargo Housing Market Index, Housing Starts, and Freddie Mac’s weekly survey of mortgage rates. Other news included the weekly jobless claims report and consumer sentiment for April. Mortgage Rates, Jobless Claims Rise Mortgage rates moved up according to Freddie Mac. The average rate for a 30-year fixed rate mortgage increased by one basis point to 3.67 percent. The average rate for a 15-year fixed rate mortgage also increased by one basis point to 2.94 percent. The average rate for 5/1 ...

Pre-Sale Painting: Color Combinations to Use – and Avoid – When Painting Your Home

April 17, 2015
One of the more common steps that homeowners will take when preparing to list their home for sale involves repainting the walls. Walls can easily give the home a worn, drab look when they have visible signs of dirty, smudgy fingerprints and other unsightly blemishes. While repainting the walls can have a whitewashing effect that instantly makes the home look cleaner, brighter and more appealing, the color combinations that you choose for your home should be considered with care. You have a rainbow of possibilities for your space when ...

Median List Price for San Francisco Condos is $996,500

April 16, 2015
The median list price in SAN FRANCISCO, CA this week is$ 996,500. The Market Action Index has been trending down recently, but as days-on-market decreases also, there are not strong signals for the direction of the market. The market has achieved a relative stasis point in terms of supply and demand – conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result. This week saw relatively little price change from last week....

Understanding Commissions and How Your Real Estate Agent is Compensated When Your Home Sells

April 16, 2015
When you make the decision to sell your home, you may eagerly seek assistance from a skilled real estate agent. A real estate agent offers important services that can help you to more successfully and easily sell your home in the fastest amount of time and for the best price. This is a professional who is committed to helping you achieve your goal and who will not be compensated for his or her efforts unless successful. With a closer look at how real estate commissions are earned, you will see that your agent will work hard for his or her ...

FOMC Minutes: Housing Market Stable But Slow

April 15, 2015
The minutes of the March meeting of the Fed’s Federal Open Market Committee (FOMC) were released Tuesday and included a staff review of current economic conditions. The minutes noted that while labor markets continued to grow, inflation to the Fed’s target rate of 2.00 percent was impeded by dropping fuel prices. The Committee noted that expectations for longer-term inflation remained stable. Non-farm payrolls, which include both private and public sector jobs, grew in January and February and the national unemployment rate reached a new low ...

Market Force Report for March 2015

April 14, 2015
All expectations in 2015 are for a healthy and energetic selling season. National stories have been highlighting an increase in new construction sales and pending sales, but national stories are not always readily applied to the local scene. All the same, if ever there was a year to list or purchase a home, wider economic factors seem to indicate that this is the one. New Listings were down 13.6 percent for single family homes and 8.9 percent for Condo/TIC/Coop properties. Pending Sales increased 6.0 percent for single family homes but ...

Tuesday Tour Schedule Released for April 14, 2015

April 14, 2015
Tuesday tour (aka Broker’s Tour) is not just for brokers anymore – the public is invited and welcome to attend. In fact, it’s one of SF’s best kept real estate secrets. Many of the properties on the tour are open for the first time. For serious buyers, this is a great opportunity to get a sneak peak before the weekend crowds. Plus, many of the open houses are catered – BONUS! Click HERE for a full schedule I go out just about every week to scope out what’s hot and what’s not, and report back to my clients.   For help with San ...

What’s Ahead For Mortgage Rates This Week – April 13, 2015

April 13, 2015
Last week’s economic news included the minutes from the most recent FOMC meeting, which indicated that the Fed’s monetary policymakers are eyeing a potential increase in the target federal funds rate, but don’t expect to do so immediately. Members of the Federal Open Market Committee expressed concerns about lagging housing markets and noted that inflation has not yet achieved the Fed’s two percent goal. When the Fed decides to raise its target federal funds rate, which now stands at 0.00 to 0.25 percent, Interest rates and mortgage rates ...

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