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Blog Posts By Date: February 2020

02/28/2020

The Winter Blues of Realty: SF Homes Selling Under Ask Price for Four Consecutive Months

The Winter Blues of Realty: SF Homes Selling Under Ask Price for Four Consecutive Months

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.   more...

02/25/2020

Questions Your Real Estate Agent Cannot Answer Legally

Questions Your Real Estate Agent Cannot Answer Legally

Real estate agents aim to become the go-to resource for their clients throughout the home buying process. Some become more like advisors than sales reps, particularly with buyers and renters in search of massive help through the commonly distressing time. In any case, because of federal, state and city fair housing laws, which are set up to prevent discriminatory acts against protected classes in real estate, there are a few inquiries that agents legally cannot answer. These questions might be asked innocently, however, brokers can be fined and punished for answering them. Here are a couple of instances:   more...

02/21/2020

Top Mistakes to Avoid When Selling Your Home

Top Mistakes to Avoid When Selling Your Home

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.   more...

02/14/2020

The Latest Version of the FICO Score, and How it Could Affect You

The Latest Version of the FICO Score, and How it Could Affect You

FICO recently reported its new form of the FICO score, a three-digit number that evaluates an individual's credit uncertainty. The new scoring model will consider consumers' debt levels and will more intently monitor personal advances. Prior scoring models took previews of an individual's payment history. The new model will take a chronicled perspective on payments and can process significantly more data, including account balances for the past two years, expecting to give loan specialists more knowledge into how people are dealing with their credit, FICO said.   more...

02/14/2020

The Down Payment Hurdle: Maybe Easier to Overcome Than You Think

The Down Payment Hurdle: Maybe Easier to Overcome Than You Think

The California housing market continues to be invigorated by low mortgage rates, which has led to a year-over-year increase in home sales for the second month in a row. At just over 400,000 sales in the month of September, the 5.8 percent year-over-year increase is the highest growth rate seen since March 2017. Lower interest rates caused the monthly payment on the median-priced home to drop 7.4 percent from last September, continuing the declining trend that started in March 2019. The dip in mortgage payment, which enables home buyers to save hundreds of dollars, is an important variable that could help sustain the sales momentum through the remaining part of 2020.   more...