Blog Posts in Category: Real Estate

08/06/2020

5 Real Estate Myths About COVID-19—Debunked

5 Real Estate Myths About COVID-19—Debunked

The global pandemic known as COVID-19 has dramatically disrupted the ways we handle business, interact with others, and who we allow in our homes. With that said, it is easily understood why many homeowners and homebuyers believe that this is not the most suitable time for selling or purchasing a new property. However, home sellers sitting on the sidelines might be passing up the opportunity to make large amounts of profits on their property. While homebuyers who assume they can't schedule home tours right now might be forfeiting their chance to snag their dreams.
To help you separate the truths from the half-truths from the utter falsehoods that might be filling your social media feeds, here are five common myths about real estate during the Coronavirus pandemic—debunked:   more...

07/23/2020

4 Great Ways to Build Equity in Your New Home

4 Great Ways to Build Equity in Your New Home

Congrats on investing in a new home! Now you may be wondering how do you increase its worth? One way to increase the value is by building equity. Equity is the market value of your home or property, minus your outstanding mortgage debt. Building equity is one of the most important financial benefits of ownership.
If you live in a market where home values are rising, your home may increase with the rising demand, and your equity will increase without doing anything. On the other hand, you can work on growing your home’s value by decreasing the amount you owe and increasing the value of your property.   more...

07/22/2020

Just Sold by Darryl Glass: 1547 Hallbrook Drive, San Jose, CA 95118

Just Sold by Darryl Glass: 1547 Hallbrook Drive, San Jose, CA 95118

We are proud to announce this well-loved and cared for craftsman home in San Jose is now SOLD! 1547 Hallbrook Drive was on the market for the first time in almost 50 years, with only two previous owners!
Within a week, 1547 Hallbrook Drive received an all-cash offer and moved into Escrow. Just like the owners of this home, we are confident that Darryl can make your home buying or selling experience swift and seamless.   more...

07/14/2020

Renters were particularly optimistic about home buying, according to the latest Fannie Mae survey

Renters were particularly optimistic about home buying, according to the latest Fannie Mae survey

After diving to nearly the lowest level in its history in April, an index measuring consumer viewpoint in the housing market bounced back significantly in June. Mortgage applications to purchase a home rose 5% for the week and were a remarkable 33% higher than a year ago. Renters were particularly optimistic about home buying, and it shows.
Home price gains continue to accelerate, so low mortgage rates are giving buyers much-needed help. The share of consumers who think it’s a great time to buy a home increased from 52% to 61% month to month, according to the Fannie Mae survey, while fewer Americans believe it was the wrong time to buy. Renters drove much of that improvement.   more...

06/30/2020

Just Sold by Darryl Glass: 2636 School Street, Oakland, CA 94602

Just Sold by Darryl Glass: 2636 School Street, Oakland, CA 94602

We are glad to announce this beautiful single-family home in Oakland has officially been SOLD!
Darryl worked hard to finalize this sale after safely working with the owners throughout Oakland's shelter-in-place. A direct result of this is finalizing a sale of 13% above asking price!   more...

06/25/2020

The Best Time to List in the Current Market Could Be Now

The Best Time to List in the Current Market Could Be Now

The Spring and Summer seasons are usually the best time to sell a home for those seeking to earn the most profits. Due to COVID-19, it remains uncertain if conventional wisdom may apply since buyers and sellers alike have slowly returned to the market.
The number of newly listed homes for sale on Zillow was down 39% on May 3rd, 2020, compared to the same day last year, further signaling a delay in the usual surge of spring listings this year.   more...

06/08/2020

San Francisco's lowest rent prices in 3 years, down 9.2%

San Francisco's lowest rent prices in 3 years, down 9.2%

Rents for one-bedroom apartments in San Francisco have dropped by 9.2% since June 2019, according to Zumper. That is the highest drop since the rental site started recording such data in 2015, and brings median one-bedroom prices down to levels not seen since March 2017.
With the economy wavering and unemployment numbers skyrocketing, witnessing such a steep dip should not come as a surprise. But many long-time San Francisco residents find the nearly double-digit year-over-year decline "shocking." Prices are unlikely to plateau anytime soon, with median one-bedroom prices in San Francisco dropping about 3% just in May alone.   more...

05/22/2020

6 Common Mistakes First-time Homebuyers Make

6 Common Mistakes First-time Homebuyers Make

Buying a home is one of the most significant financial decisions you’ll make in your life. Although, on occasion, it can be one of the largest sources of stress for many first-time buyers is the financing process. Unless you’ve planned thoroughly and dedicated time for research, receiving a mortgage can feel complicated and overwhelming. Luckily, you could learn from these common mistakes first-time homebuyers make to have a less stressful experience:
1. Not realizing the full cost of homeownership: Being a first-time homebuyer involves much more than the monthly cost of renting, which usually includes your rent payment, some of the utilities, your internet, and cable bills. As a homeowner, you’ll be responsible for the additional monthly costs that may have been covered by your landlord. That includes the following expenses: Water, sewer and garbage, monthly HOA fees, landscaping, property taxes, and homeowners insurance. All of that is in addition to maintenance costs, which you should set aside 1-3 percent of the purchase price of the home annually to cover repairs and maintenance.   more...

05/22/2020

4 Things You Can Do To Prepare Your Home For The Market After COVID-19

4 Things You Can Do To Prepare Your Home For The Market After COVID-19

While the spring market would usually be running at full power now, COVID-19 has put an impermanent stop to most real estate transactions. However, that does not imply that you cannot set aside the effort to prepare your home to be listed and available to be purchased once we flatten the curve. In light of that, here are four recommendations on things you can do to prepare your home to hit the market after stay-at-home orders have been relieved:
1. Address any minor repairs: Even the most meticulous homeowners typically have a list of home repairs that they mean to fix when they have time. Whatever fixes may be on your to-do list, it's imperative to deal with them before you list your home available for sale. While these fixes usually won't require a ton of effort on your part, they will go a long way towards improving the opinions of the overall condition of the home, which can lead to higher-priced offers.   more...

05/20/2020

Sellers Are Standing Firm on Their Asking Prices

Sellers Are Standing Firm on Their Asking Prices

Almost 75% of Realtors report that their sellers have not reduced their listing prices down to draw new buyers amid this pandemic, announced by the National Association of REALTORS. That indicates the amount of precaution home sellers consider to avoid feeling pressured to sell quickly during COVID-19.
"The housing market faced an inventory shortage before the pandemic. Given that there are even fewer new listings during the pandemic, the home sellers are taking a calm approach and appear unwilling to lower prices to attract buyers during the temporary disruptions to the economy" says NAR Chief Economist Lawrence Yun   more...

04/24/2020

March Home Sales and Prices Affected by COVID-19

March Home Sales and Prices Affected by COVID-19

The California Association of Realtors recently reported that California home sales fell from both the previous month and year in March as the coronavirus pandemic began to affect the housing market, and as the state’s stay-at-home order was put in place.
Finalized escrow sales of existing, single-family homes in California totaled a seasonally balanced annualized pace of 373,070 units in March, as per data gathered by C.A.R. from in excess of 90 neighborhood REALTOR affiliations and MLSs statewide. It is changed in accordance with seasonal factors that generally impact home sales.   more...

04/24/2020

Richmond Council Rejects Suspending Rent and Mortgage payments

Richmond Council Rejects Suspending Rent and Mortgage payments

Richmond City Council on Tuesday dismissed an emergency request that would suspend all rent and mortgage payments in Richmond for the span of the COVID-19 shelter-in-place precautions. Alternatively, the city councilmembers cast a vote for protections like the Contra Costa County Board of Supervisors announced before Tuesday. The Board of Supervisors passed an emergency law applying to every one of the 19 cities and unincorporated regions, Supervisor John Gioia said in an update.
The law, as indicated by the Supervisor, restricts evictions for default for private and business occupants affected physically or economically by the COVID-19 pandemic; bans "no-fault" evictions "except to protect the health and safety of the owner or another tenant, or to allow the owner or their immediate family to move into the residential unit"; temporarily freezes rent increases, despite the fact that state law keeps the freeze from applying to single-family homes or living arrangements worked inside the most recent 15 years; gives residents affected by the pandemic a 120-day grace period to take care of rent, and cancels late charges for unpaid rent for affected occupants. These principles apply through May 31, except if reached out by the Board of Supervisors. Despite the County ordinance, which can be read in full here, a city can revise and include restrictions protecting renters if it chooses.   more...

04/24/2020

Is It Safe To House Hunt During the Coronavirus Pandemic?

Is It Safe To House Hunt During the Coronavirus Pandemic?

While risk is an individual choice, the real estate industry is adjusting to give access to home buying securely during the coronavirus pandemic. You would now be able to do numerous things at a safe social distance, or even remotely with regards to purchasing a home that you might not have considered doing previously.
Here are on the whole the courses face to face checkpoints to purchasing a home have changed to guard you during the coronavirus pandemic:   more...

04/09/2020

The Difference Between Cash vs. Mortgage When Buying a Home

The Difference Between Cash vs. Mortgage When Buying a Home

Cash vs. Mortgage Overview: There's a lot to consider when contemplating purchasing a home outright versus financing it. Here are some of the major differences between using cash or a mortgage to buy a home:
KEY TAKEAWAYS   more...

04/09/2020

How to buy a home if you can’t save for a down payment

How to buy a home if you can’t save for a down payment

With millions of Americans facing financial burdens like student loans and high rents, saving up to make the traditional 20% down payment on a first home can be daunting. There’s good news for prospective homeowners: You don’t need to do it!
You can blame the difficult financial circumstances many young people find themselves in today. But misconceptions may be part of the problem too. Nearly half of renters said they believe they need at least a 20% down payment to buy a house, according to Bank of America’s 2018 Homebuyer Insights Report, although the government and most housing experts disagree.   more...

Due to the Shelter in Place order our office is closed to the general public. As an Essential Business we are still open.
To contact us please call 510.250.7918 or email us at team@adventpropertiesinc.com.
Hide Message