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Blog Archives: May 2016

Tuesday Tour Sheet for May 31, 2016

May 31, 2016
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 ...

What’s Ahead For Mortgage Rates This Week – May 31, 2016

May 31, 2016
Last week’s economic reports included new home sales, pending home sales along with weekly mortgage rates and new jobless claims. New Home Sales Surpass Expectations Sales of new homes surpassed expectations and the prior month’s reading. April’s reading of 619,000 sales exceeded expectations of 523,000 new homes sold and 531,000 new homes sold in March.  New home sales rose by 16.60 percent on a seasonally adjusted annual basis, which was the highest increase in 24 years. Analysts said that April’s new home sales indicate that builders ...

Avoiding Home Buyer Remorse: 5 Tips for a Happier Homeowner

May 27, 2016
The rush of excitement that comes with finding the home you’ve been looking for is ideal, but just because it seems like the perfect place, it doesn’t mean there aren’t other factors to consider. Instead of getting hit with buyer’s remorse, here are some tips so that your home purchase doesn’t become something you’ll regret. Forget About The Competition If you’re contemplating a house and happen to be dragged into a bidding war, it’s important to take a step back and determine if it’s really the right home for you. It can be easy to get ...

NAHB: Home Builder Confidence Holds Steady in May

May 26, 2016
The National Association of Home Builders reported that home builder confidence in the U.S. housing market conditions held steady for the fourth consecutive month in May. Builder confidence stayed at a reading of 58, which was the number expected by analysts and was also the reading for April. Analysts said that the consistency in readings signified expansion in housing markets. Any reading over 50 indicates that more builders than not are confident about market conditions. Components of the NAHB Housing Market Index include readings on ...

How to Smartly Leverage Your Home Equity

May 25, 2016
So you’ve been a homeowner for some time. You’ve been faithfully paying off your mortgage for years, and you have a fair bit of equity built up in your home – and that makes you proud. But now, you’re wondering what good equity is if you’re not using it. How do you actually use home equity? And how do you leverage it to get a high return for low risk? Here are just a few options you may want to consider if you’re looking for something to do with your equity. Use A Home Equity Loan Or HELOC To Pay Off High-Interest Debt If you have a ...

The Essentials for a Successful Open House

May 24, 2016
From the cleaning to the organizing to the small fix-ups around the house, there can be a lot of minor details that go into staging a successful open house. However, there are a few essential items you should be sure not to forget about when you prep your home for an influx of potential buyers. Choose The Right Time If you happen to be selling your home in the busy season, it’s important to set your open house at a time that gives potential buyers room to breathe. While weekends are a popular time for open houses, you may want to choose a ...

Tuesday Tour Sheet for May 24, 2016

May 23, 2016
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 ...

What’s Ahead For Mortgage Rates This Week – May 23, 2016

May 23, 2016
Last week’s economic news included the NAHB Housing Market Index, reports on housing starts, building reports and existing home sales. Minutes of the Federal Reserve’s last FOMC meeting were also released. Homebuilder Confidence Unchanged, Housing Starts and Building Permits Increase The National Association of Home Builders (NAHB) reported that builder confidence held steady with a reading of 58 in May. Analysts projected a reading of 58 and April’s reading was also 58. Builder confidence in market conditions could be slowing due to ...

How Offering Buyer Incentives Will Get Your House Sold Faster

May 20, 2016
  Why The Added Incentive? It may seem like keeping your home in good condition and pricing it according to its market value is good enough, but in more difficult market times many people have opted for extras that may boost the appeal of their home. While the wrong incentive strategy can make it look like you have a home that is not worth the asking price, there are classy ways value can be added that can still engage the right buyer. Determine Your Ideal Buyer If you’ve already decided that your ideal offer is a perfectly fair deal, ...

5 Great Ways A Real Estate Professional Can Market Your Home Online

May 19, 2016
If you have a great house at the perfect price point, you’re already on the right path to selling your home successfully. However, there are still many tricks of the trade you can utilize to bring potential homebuyers to you. If you’re working with a real estate agent and are looking for great ways to grab attention, here are a few that may garner added interest. Create A Video Tour Open houses are great for giving potential homebuyers a look at your place, but posting a video of your home online can bring in a few more interested ...

Refinancing to Pay for Renovations? Consider the VA’s Energy Efficient Mortgage Program

May 18, 2016
Making renovations that are energy efficient is not just a great way to reduce energy output, but it’s also an effective way of decreasing monthly utility costs. It serves as a one-time investment that will save money in the long run. However, renovations are costly and not everybody has the extra finances required to make energy efficient changes. This is where the VA’s energy efficient mortgage (or EEM) program comes into play. The program is designed to allow veterans to apply for a new mortgage or refinance an existing one with extra ...

3 Ikea Hacks That Can Be Done in a Weekend’s Time

May 17, 2016
Whether you’re moving into your first apartment or preparing to purchase a second home, Ikea is a favorite for those trying to economically fill up the extra space in their home. While Ikea may have plenty of inexpensive options that you might not think can be dressed up, there are actually a lot of simple pieces that you can add to for a stylish, DIY look that will take no time at all. Cue The Cocktails The popularity of the bar cart has seen a resurgence, but many of these decorative pieces can be quite pricey for the person who isn’t ...

Tuesday Tour Sheet for May 17, 2016

May 16, 2016
  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 – May 16, 2016

May 16, 2016
Last week’s economic news included reports on retail sales and consumer sentiment along with weekly releases on new jobless claims and mortgage rates. Retail sales jumped 1.30 percent in April as compared to the March reading of 0.30 percent. Retail sales excluding the automotive sector rose from 0.40 percent growth in March to 0.80 percent growth in April. Both retail sales reports exceeded expectations. Growth in consumer spending suggests higher confidence in economic conditions and may lead potential homebuyers to consider buying rather ...

‘Free Pizza for Life’ and Other Crazy Home Sales Gimmicks from Across the Nation

May 13, 2016
With the real estate market going through constant fluctuations, it can sometimes be a matter of strife to sell a home. Some will take the familiar road of staging and hope the offers come in, while others will do some crazy things to prove their home is worth buying. While you may not want to take the risk of making these bold moves yourself, here are the unusual things that some people did in hopes of getting their home off the market a little sooner. The Perk Of Added Incentives While there are a variety of goods that can be an added ...

Thinking about Renovations?: 5 Considerations Before Hiring a Home Improvements Contractor

May 12, 2016
With the pre-summer enthusiasm and the milder weather, springtime can be one of the best times of the year to take on home renovations that aren’t as easy in other months. If you happen to have some projects in mind and are considering taking the work on yourself, here are a few questions you’ll need to ask. What Can You Take On? If you have specific renovations in mind for the coming months, it’s very important to decide what you can reasonably take on and what you could pass on to a contractor. While some projects and fix-ups may be ...

How to Determine the Price of Your Home for Sale

May 11, 2016
Many people rely on the price they paid for their home as a starting point for selling, but with the ever-shifting tides of the real estate market, the price paid is not always the best metric to go by. If you’re putting your home up for sale and are looking for the ideal price point, here are some ways you can arrive at a number that will keep potential buyers interested. Check Out Your Neighborhood Your house may have a lot of different features than the homes of your neighbors, but checking out what real estate in your area is selling ...

Tuesday Tour Sheet for May 10, 2016

May 10, 2016
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 ...

4 Neglected Home Maintenance Tasks That Are a Must

May 10, 2016
There are a number of home maintenance tasks that are easy to forget about in favor of more obvious renovations, but forgetting to do some of them can end up costing you a lot down the road. If you’re hoping to keep your home in tip-top shape, here are a few tasks that you shouldn’t forget about. Sealing Off Access Points Small rodents and insects can wreak havoc on your home if they gain access, so ensure that you maintain the foundation of your home and seal off any areas where these pests might get inside. Check all the windows and ...

What’s Ahead For Mortgage Rates This Week – May 9, 2016

May 09, 2016
Mortgage rates fell across the board last week according to Freddie Mac’s Primary Mortgage Market Survey. Other economic news included reports on construction spending, public and private sector employment and national unemployment. Construction Spending Grows in March The Commerce Department reported that the growth rate for construction spending fell in March to 0.30 percent/Analysts expected a reading of 0.70 percent based on February’s upwardly revised growth rate of 1.0 percent. Construction spending was propelled by a 1.50 percent ...

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