Blog Posts
2023 has been a challenging year for the housing market. With seemingly soaring interest rates, low inventory on the market, and an inflated market things have been difficult for both Buyers and Sellers alike. Even now as we step into the latter half of 2023, the housing market remains a dynamic arena with truly life changing opportunities. When coupled with the right team, possibilities are endless for everyone. To find those opportunities, let’s dive into what the months ahead could look like if you’re in the market to purchase or sell your home. more...
06/19/2023
Your Preferred Property Management Group
Advent Properties, Inc has been providing service beyond expectation to California Homeowners and Landlords since we were established in 2008. As we move into a shifting market, it’s important for us to continue expanding our ability to provide top notch services to all of those we continue to serve. Here are just seven reasons why we are your number one choice for Property Management:
1) Marketing Presence
One of the number one keys to keeping your property constantly occupied with great tenants is our expansive Leasing and Marketing abilities. We keep our eye on the local rental market and make sure local renters keep their eye on your property. We implement videos, virtual staging, and flexible private touring from highly trained our highly trained leasing professionals. Allowing your property to be viewed as the number one choice in its neighborhood is why we consistently keep our properties occupied with great tenants. more...
For the month of May, Advent Properties is proud to support our very own Leasing Agent, Tyler Powell. Tyler has been with the company now for over 3 years and is our sole Leasing Agent working directly with our owners to keep their properties occupied with our amazing tenants. Thanks to Tyler, Advent has an average of 28-40 days on Market for our properties. Which is less than the 30-60 average days you usually expect in the Bay Area. We sat down with Tyler and asked him questions on why he has so much success:
How long have you been with Advent Properties? How did you get your start here
Since October 2020. I was let go of my previous job due to covid in March of 2020. I spent months looking for not only just a job, but a job that would get me excited. When Benjamin and William decided to hire me and give me a chance, my career was truly changed forever. more...
As retirement approaches, many people are concerned about ensuring their financial stability. One way to achieve this goal is by investing in real estate. Purchasing a rental home can provide a stable source of income during retirement, but there are several things to consider before making such a significant investment.
According to Investopedia, investing in income-generating property can be a smart financial move. A rental property can provide a steady stream of passive income that can supplement other retirement savings. In addition, owning a property provides a tangible asset that can appreciate over time, increasing its overall value. However, this is not for the faint of heart, investing in rental properties requires careful consideration, education, research and planning. more...
04/27/2023
Why Young Adults Should Purchase a Home
Buying a house can be a difficult task for anyone to do. So of course with student loans, an entry-level job, and the desire to travel and explore the world, it’s understandable why as a young person there’s the decision to rent over buying. However, homeownership presents many benefits that cause a significant impact to your financial future when choosing to purchase a home earlier rather than later. There’s a reason that Urban Institute finds $72,000 difference between those who purchase a home between 25 and 34, and those who waited to buy until 35 to 44.
1)Building Equity: Why is it Important to have Equity? What is Equity?
One of the most important and crucial parts of owning a home is generating and building equity. Equity is the amount of wealth you have generated from owning your home. Equity can be generated by paying your monthly mortgage, or by appreciation in home value. This wealth can be used later to do things that would otherwise create a challenge for those without it. Equity can be used to pay for higher education, make home improvements, pay for higher education, gain an even better home, and so much more. more...
Mortgage rates have shot up since the beginning of the year following a honeymoon period of record-low rates through the pandemic; home buyer demand thrives, and inventory levels remain scarce — the Bay Area housing market is “normalizing” and seeing less-intense competition. You may wonder: “Are the days of homes going for $1 million over the asking price after just days on the market coming to an end?” You may find your answer with three key metrics that show where the Bay Area and California housing markets stand.
1. Home sales are declining.
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As previous sponsors of “Feed the Need” and “Show Your Love” events, Advent has contributed more than just money to help make a difference and impact people’s quality of life.
Benjamin and Darryl have helped increase awareness of Spectrum’s senior service programs by engaging our team and reaching out to a vast network of contacts. Whether making calls to personally invite people to get involved or donating wine glasses to offset event expenses, Advent has impacted the success of Spectrum’s fundraising events. Ensuring that dollars donated go directly to helping those in need of daily service programs like Meals on Wheels. more...
Photo by Kindel Media.
California launched two programs last month to help those interested in becoming homeowners, and one allows first-time homebuyers to borrow a down payment at 0% interest. more...
Photo by Pavel Danilyuk
Mortgage rates have finally hit 5% and if mortgage rates continue on their current trajectory, some experts predict 30-year fixed rates could hit 6% within the next few months. But others say the timeline is a little longer. Whenever rates hit this benchmark, one thing is clear: Though a 6% mortgage rate is still considered historically low, it would signify the highest level for rates in about the last decade. more...
Photo by Andrea Piacquadio.
Mortgage rates took another jump higher last week, taking their toll on current borrowers who might have wanted to refinance. Demand from homebuyers, however, appears to be hanging in for now. more...