Blog Posts in Category: Homes
This week, several cities, the County of Alameda, and the State of California enacted moratoria on evictions for nonpayment of rent. Below you will find summaries of each ordinance relevant to your location:
State of California: Governor Gavin Newsom issued an executive order banning the enforcement of eviction orders for renters affected by COVID-19 through May 31, 2020. The order prohibits landlords from evicting tenants for nonpayment of rent and prohibits enforcement of evictions by law enforcement or courts. It also requires tenants to declare in writing, no more than seven days after the rent comes due, that the tenant cannot pay all or part of their rent due to COVID-19. more...
Bay Area home costs have begun growing, with careful consumers venturing once more into the market in the midst of low inventory and consistent demand. The middle deal cost in January for single-family homes rose, year-over-year, in Santa Clara, San Mateo, Alameda, and Contra Costa areas, as indicated by another Zillow study. The greatest risers were in tech-strong San Mateo, where the average sale cost expanded 6.3% to $1.47 million, and Santa Clara, with the cost up 2.7% to $1.21 million.
With high demand and scarce homes available to be purchased has been a steady refrain as the region sinks further into a housing crisis. Median home estimations made record gains somewhere in the range of 2012 and 2017, prior to hitting a break in 2018 and 2019. Longterm homeowners have seen their property value take off, while many would-be homebuyers have remained leaseholders or left the region. For buyers ready to get into the market, low-interest costs — floating around 3.5% for a standard, 30-year mortgage — have expanded purchasing force and spending plans. The low stock of homes available to be purchased has added a desire to move quickly for buyers, squeezing costs and making for quicker sales. more...
Buying a new house while selling your old home is the best path to take for some home sellers turned home purchasers. Ideally, this change would happen in one day. However, in reality, it isn't so straightforward, and you'll have to expect some time between selling your home and purchasing your new one or the other way around. The procedure is a difficult dance full of complex steps and a rhythm that is hard to do flawlessly. All in all, you might be wondering, would I be able to purchase another house before I sell mine? The response to that is, yes, you can! Yet the bigger question is whether you will want to once you understand the entire process.
Pros and Cons of Selling Before Buying more...
Due to the evolving coronavirus pandemic Congress has officially rescheduled the final day to file your 2019 taxes to June 15th, 2020. With that in mind, you might be thinking about whether there are tax deductions when selling a home, and of course, there are! You may recall 2018's new tax code otherwise known as the Tax Cuts and Jobs Act, that changed a few guidelines for homeowners. But have confidence that if you sold your home last year, or intend to sell this year, expect some tax deductions that can still amount to sizable savings when you file with the IRS. Need a full summary of the considerable number of deductions (as well as tax exemptions or other write-offs) at a home seller's disposal? Look at this rundown to ensure you miss none of them.
1. Selling costs more...
In spite of the fact that the home buying season has begun sooner than expected this year, Zillow says that homes recorded in May usually sell for more than other months in the year. Truth be told, the Mortgage Bankers Association said that January 2020 was the hottest January for purchasing mortgage applications in 11 years.
As the climate warms up, American homebuyers continue leaving to come out of their winter hibernation to search for new homes. While families with kids, which make up an enormous level of homebuyers, are bound to be excited to purchase, sell or move during the summer to avoid interrupting their child’s school experience. more...
Real Estate website Realty Hop has announced San Francisco is one of the coldest home markets in the country
throughout the previous four consecutive months. The listing website estimated the contrast between a home's list price and the closing price. “In theory, stronger markets should exhibit fewer price drops and smaller percentage discounts,” according to Realty Hop.
In February, the typical San Francisco home sale totaled 5.07% less than its list price, a discrepancy of about $61,000. That places the city of San Francisco in 6th place nationwide. For example, the most sought after housing market under this standard was Gilbert, AZ, where the average decline before the transaction came in at 1.69%, a median of roughly $8,500. In January, home sales were 5.75 % below the asking value, for December 5.63%, and a similar figure in November of a year ago. more...
Selling your home can be both invigorating and upsetting, particularly if it's your first time. Despite why you chose to sell your home, there are various complexities you can accidentally fall into, making your home selling experience far less than perfect. Fortunately, we've assembled a summary of the most widely recognized home selling mistakes to avoid when selling your home.
Underestimating the cost of selling your house
While the point of selling your home is to eventually benefit from the profits, many home sellers disregard the expenses related to selling their home. First of all, you can hope to utilize five to six percent of the entire cost of your home to cover the commissions of both the seller and buyer agents. For instance, in the event that you sell your home for $700,000 you could end up paying upwards of $30,000 in commission fees. Besides, this substantial cost does exclude potential concessions homebuyers may need you to make during the negotiation stage, for example, making fixes proposed by a home inspector.
Skipping a pre-listing home inspection before selling your house
Selling a house can be stressful, even when everything is going according to plan. However, if a homebuyer employs an inspector who notices an issue like pests, mold, or a split foundation, your feelings of anxiety will increase as you jeopardize losing the entire deal. Given that home inspections are relatively affordable, there's very little motive to stay away from them. Getting a pre-posting home review will comfort your psyche, as you'll either realize that your house is in sound condition or you'll have the option to handle the issues before homebuyers get the opportunity to bring them up during the negotiation stage. In the event that an issue arises, you can either fix it or you can tell purchasers and afterward and make a concession during the negotiation stage by properly depreciating the cost of your home.
Pricing your home incorrectly
On the off chance that you price your home excessively high, your home may remain available on the market for an unfathomable length of time. Then again, in the event that you price your home very low, you'll probably sell your home swiftly yet you chance passing up a lot of cash. The initial step to seeing how much your house is worth is using an online calculator or contact Advent for a free home valuation consultation. Schedule a meeting with your realtor afterward to consider an adequate pricing method for your home. They will take a gander at similar properties in your neighborhood that were recently sold, as well as bring perceptive insights into what the housing market is currently doing. Together, you'll select a satisfactory opening cost as well as a pricing strategy that will incentivize purchasers if your home starts to sit available for a long time.
Not budgeting for your move
At the point when you think about the moving procedure, you have two choices: paying a moving company or get your friend's truck and moving your items with buddies. By hiring a moving company instead of moving without anyone's help, you're getting somebody who will pack, move, and afterward unload your things. This implies a full-service mover can certainly be justified despite the tasks associated with selling your home. Also, when you contract movers your assets are safeguarded so you're secured in the event that anything breaks.
Not addressing the exterior of your house
Throughout the years, your home's outside has gotten damaged from the elements. With everything the unstoppable force of life tosses at it consistently, the paint on your home's outside and the stain on your deck has likely lost a touch of their radiance. So before posting, make certain to pressure wash your home first. Ensuring your home puts its best self forward in the marketing photos, you will likewise improve the general check offer when purchasers, in the long run, arrive for a tour. Along with pressure washing your home and deck, you can likewise set aside the time to pressure wash your garage door entryway, fence, yard, driveways, and any walkways you may have.
One of the primary things a potential purchaser will see when they pull up to your house is the paint. On the off chance that you need to establish a suitable first impression, at that point you'll have to guarantee that your house is painted an intriguing color and that the nature of your paintwork is choice. While the activity of repainting your home may take a couple of days, the benefit of painting your home before selling will be certainly justified regardless of the effort. An ongoing report found that painting the outside of your home has a 51% quantifiable profit. But try not to stop with just the outside! In the event that you happen to have a bold and unfitting divider, you'll need to repaint them to be a more buyer-friendly neutral shade. Doing so will make it simpler for purchasers to have the option to imagine themselves living in your home as it makes them think about your dividers as a clear canvas.
Not refinishing hardwood floors or cleaning your carpet In case you're reading this at home, look down. How do your floors look? Regardless of whether they don't look awful, there's a fair possibility they're beginning to show their age. Since potential purchasers will be assessing each part of your home, you should begin considering revamping your hardwood floors and cleaning your rug. Regardless of where you're selling, the best time to have your rug cleaned or hardwood floors revamped is directly before you organize your home. Since you'll as of now be moving most (or the entirety) of your furniture to either another home or a capacity unit, this is an extraordinary time to complete your floors (like the floors above) and make them an offering point to potential homebuyers. Forgoing professional real estate photos With the coming of cameras on cell phones, everybody likes to consider themselves a photographer nowadays. Despite the fact that that image you took of your meal a week ago seemed as though it could be highlighted in promotions, you're still most likely not prepared to take your own real estate photographs. A Real Estate Photographer will ensure that your home looks extraordinary when you show it, in addition to the fact that they have the professional equipment, and they comprehend the points that best sell a home. On the off chance that you have an enormous home, a dazzling perspective you need to flaunt, or a lot of land, you may need to consider having aerial photographs taken of your home. The perspectives that automatons can catch are noteworthy and can assist appear with offing your home such that it will ensure it stands apart from different houses in your general vicinity that is available. Furthermore, drone innovation makes this choice more affordable than at any time in recent history, permitting you to get much more value for your money. Lingering during a home tour No one likes someone lingering around them, especially when they happen to be the owner of the house they're touring. On the off chance that you don't leave the home during a showing, potential buyers feel ungainly as they aim to discuss their thoughts on the house. You additionally keep your listing agent from being able to do their job to the best of their abilities as you’re naturally going to want to answer any questions the buyers have rather than leaving those questions to your agent. So as opposed to remaining in your home during a tour, try taking the opportunity to go shopping, get things done, or visit a few companions. Your agent will be thankful! Taking a Lowball Offer Personally Despite your reasons behind moving, the way that you've most likely lived in your home for a considerable length of time implies that you have plenty of solid sentiments attached to it. So when you get a lowball offer, it's normal to feel offended. Rather than leaving, send them back a counteroffer that you and your realtor believe is reasonable. In the event that they truly are intrigued, then you’ll be glad you didn’t let your emotions get the better of you. If you need any assistance during your home selling process, please call Darryl Glass via. Phone at (510) 500-7531, or email firstname.lastname@example.org email@example.com. You can also schedule a call with Darryl directly on his calendar below: more...
In 2019, half of the most competitive neighborhoods for buying a home were in the Bay Area. In a recent report from Redfin, home purchasers seeking an area for the calmest, most floral, and convenient distance to restaurants and markets, was the country's most sought after neighborhood in 2019. About 72% of homes in White Oaks, C.A. sold above asking value this year, and most were available for less than fourteen days. Redfin found the median sale price of a home in White Oaks was valued at around $1,835,000. White Oaks took the top spot in Redfin's positioning of the 20 most competitive neighborhoods, yet it has a great deal of nearby competition. Ten of the top neighborhoods are in the Bay Area and near half of those are in Oakland.
The second most competitive Bay Area housing market is the Glenview neighborhood of Oakland. Fourth overall, with more than 84% of homes selling for above the asking price. Likewise a few popular neighborhoods in Oakland like Upper Rockridge, Bushrod, and Piedmont. “I’ve heard a lot of people say the Bay Area housing market is cooling this year, but I’m seeing the opposite in Oakland,” Oakland Redfin agent Katy Polvorosa said in a statement. more...
Downtown Oakland’s development has been long coming, but the 2008 recession delivered a critical blow to the proposed plan. Freezing practically all development in Oakland until around 2015, as high priced rents were driving the residents and organizations out of San Francisco eastbound.
Now, a flood of relocation from San Francisco alongside nearby business development has made Oakland one of the most sizzling neighborhood economies in the nation. Extra office ventures totaling in excess of 4 million square feet, or space for 20,000 additional workers, are under development or scheduled in Downtown Oakland, which presently has around 80,000 total jobs. more...
A recent report from Realtor.com® confirms that lower mortgage rates have piqued the interest of more buyers this fall. However, the consistently shrinking inventory of lower-cost homes is not keeping up with the high demand of buyers.
Highlights: • In September, inventory levels were 2.5% lower than a year ago • Mid-market homes—those priced between $200,000 to $750,000, which make up the largest segment of housing inventory—showed zero percent growth in September. • “The mid-tier of housing represents nearly 60 percent of homes for sale on the market, making it a solid indicator of how tight inventory levels are in the U.S.,” says George Ratiu, senior economist for realtor.com®. • Further, homes available under $200,000—the entry-level tier--have decreased 10% over the last year. • Meanwhile, homes listed for sale over $750,000 continued to grow, in September reaching 4.7 percent over levels from a year ago. • However, realtor.com® economists note that if strong homebuying demand, fueled by lower interest rates, continues to persist into the fall, the inventory of homes in this upper-tier price range also could see declines by February of the coming year. • “While lower mortgage rates and the arrival of fall promised a reprieve, conditions continue to tighten as demand remains strong. September inventory trends, especially in the mid-market, may be the canary in the coal mine that we could be headed for even lower levels of inventory in early 2020.” • The median list price nationwide in September was $305,000, up 4.3% over last year. Nationally, homes sold at an average of 65 days in September, one day slower than a year ago. Tell us your thoughts below: • How can move-up buyers edge the first-time buyer competition? • What are some ways that first-time buyers can top move-up buyers in search of lower-cost homes? For More Information set up an appointment to speak with Darryl Glass, our lead Realtor and Broker Associate by clicking here: Darryl's Calendly more...
Home Trends can make your home feel and look new and refreshing, but they can also make your home feel outdated and uncomfortable. Some trends reach their end date while some become timeless. You might be asking yourself “How can I tell when my home needs to be renovated?” The most common method of staying up-to-date is to find blogs, influencers, and catalogs that fit the moods you want to show inside and outside of your home. You can modernize your home with small details like adding wallpaper, plants, and accents. Or you could go big and paint your rooms, order new furniture, or even add/remove the carpet. But remember, trends change like the seasons. So here is a list of 10 Home Decor Trends we’ve noticed that are losing their appeal this forthcoming Winter Season. 1. Fake Plants Implementing Plants in your home can help improve your indoor air quality. So place a few living plants in the appropriate hospitable locations of your home over several fake plants and flowers. If you’re concerned about your lack of a green thumb, here are a few suggestions that are easy to care for during winter. • In an Overly-Heated Room: Cacti and Desert Plants • In a Dry Room: Aloe or Fiddle Leaf Fig Trees • In a Dry Room: Philodendrons or Succulents • In a Low-Light Room: Chinese Evergreen, or Aglaonema • In a Drafty Room: Christmas Cactus or Jade Plants 2. Too Much Granite Granite is a popular option when choosing kitchen counters, but avoid going overboard by adding accents such as quartz or butcher block countertop for your kitchen island and workspace. 3. Industrial Everything Industrial home decor has been popular for decades; Edison bulbs, exposed brick, rusted or brushed metal accents are a few examples of this decor design. However, there is such a thing as too much industrial. If you want to go for an industrial look inside of your home, add a couple of elements such as modern pendant lights or a pegboard backsplash. 4. All Grey Everything Adding to the Industrial trend we’ve listed prior to this, all grey rooms can sometimes make a room feel dull and life-less in contrary to creating a calming and minimal environment. If it is too late to re-paint your walls or you absolutely adore your grey furniture, try adding in some vivid colored plants or wall decor that is an appropriate fit for the type room. 5. Vertical Blinds Vertical blinds can be a pain to open, close, and can become tangled easily. So most home decor enthusiasts update to mini blinds, DIY window treatments, and lightweight curtains to preserve the abundant natural sunlight in their homes. 6. Indoor Wicker Furniture Wicker furniture is typically a top choice for your balcony or porch, so keep the wicker outside. When used indoors, wicker is one of those home trends that can quickly make a home look dated. 7. Carriage hinges Carriage Hinges are most popularly found on tilt-up retractable garage doors that usually do not open like shed doors. This trend could make your home garage feel more like a barn shed as opposed to a destination for your vehicle. 8. Tuscan-Inspired Kitchens A popular kitchen design trend for just about two decades, but Tuscan kitchens are starting to lose their appeal. Instead of lots of stone and darker colors, today’s kitchens focus on brighter lighting and a crisp color palette for home trends. 9. Brass Hardware Metals may be in when it comes to accessories, but avoid shiny brass as it can make a kitchen look dated. Instead, replace cabinet hardware with brushed nickel, glass or stainless steel. 10. Bold Appliances Bold kitchen colors are on-trend, but avoid choosing bright colors for appliances. You wouldn’t put a ’70s avocado green or goldenrod refrigerator in your kitchen now, so just imagine how that bold red or seafoam green appliance will in a few years. We hope this list is helpful to your home modernization, we anticipate the various point of views about trendy home decor. Please let us know what your thoughts are in the comment section below, or tag us in your post on any social platform! more...
As the brisk winds of winter approach us, Advent Properties is here to keep you updated on how you can prepare to keep your home warm, cozy, clean and sturdy!
For your safety, and to avoid damage to your property inside and out; it is best to routinely clean your microwave and oven, range hood filters, unclog sink and drain holes, replace heater filter, and check smoke alarms and fire extinguishers on a monthly basis.
Cleaning your heater system, windows, and running water to flush toilets in unused spaces should be done on a quarterly basis. However, the following home maintenance tasks done to prepare your home for the Winter season will help you stay ahead of any property damage inside and out of your home. more...