SD Market Update: February 2018

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It is always my goal to provide world class service and to become your knowledge broker in real estate.  Know the market, and you’ll know your power. Whether you have been thinking of buying or selling a home, knowing the market puts you in the perfect position to make the best decision for YOU and your family.

If you would like to know the value of your home, please click here, and I will deliver you a 100% free market analysis with comparables to your home within 2 business days, guaranteed. 

The following statistics compare January 2017 to January 2018.
  • The median price of for sale properties is up 7%, and the median price of sold properties is up 5% — home prices have risen.  If you have been thinking about listing your home for sale, you can get the most for your property right now.
  • The number of Expired properties is down 11%. Listings are not expiring as much, because what is for sale is actually being bought very quickly.
  • The average months supply of inventory is down 22%, and the average days on market is down 11%.  Because inventory remains very low, buyers are making their offers quickly.
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Provided by Clarus MarketMetrics® via Realty ONE Group
Information not guaranteed. © 2018 – 2019
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Why You Need An Agent For New Construction

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Are you ready to buy a home and considering going in the route of new builds? It may seem like an easy enough process, where you get to call the shots of how you want your dream home to be, but there is a lot of risk when it comes to new construction if you are going in blindly. It’s unfortunately not as trouble free as we’d like to hope, if you don’t have the right representative by your side to help with the things that need to be looked out for from a professional’s eye. Below, we’ll dive into the many reasons you need a professional buyer’s agent representing you in the sale. They are, after all, on your side. And it’s their role to ensure you aren’t taken advantage of by the builders and their representatives in the transaction.


1. HIRING THE RIGHT BUILDER

The most important part of finding an agent is having a professional’s perspective to finding a builder with a great reputation. You get to benefit from your agent’s network of vendors, lenders, and home builders. They have the industry expertise to connect you with a builder that matches your needs, and more than likely, have already had experience with the builder with a past client. Or, if they haven’t worked with a builder you want to use directly, they can gather person-to-person recommendations from other agents to know the expected experience with said builder. They will help you find one, that not only delivers exactly what their clients want, but in a timely fashion.

2. THE RIGHT LOT IN THE RIGHT NEIGHBORHOOD

The lot you choose to go with in a new build can either be a positive to your new home, or detrimental. In the excitement of the process, we tend to overlook important features of a property. It’s important to have a professional to ensure you make a purchase that will best serve you. They’ll be able to find a neighborhood that best fits your lifestyle and a lot that has a location that works for you. Whether you’re single with pets, or a family with children, the lot location can really make a huge impact. Especially when it comes time to selling it in the future. These are important things your agent will be able to help walk you through, so your decisions work in your favor in the long term, as well as now.

3. UPGRADES AND PLAN MODIFICATIONS

Not only will your agent be able to ensure you get the upgrades and modifications that will best suit your lifestyle, but will also help you make decisions that will increase the value of your home in the long term. They are working for your best interest long term, and with an agent’s guidance, you can be sure to make changes that end up benefiting you.

4. HANDLING CONTRACTS AND PAPERWORK

Your agent will handle the contract and all of the paperwork, and they will be sure to review it to ensure that it is in your best interest. They will be able to help you break down the best loan types, purchasing processes, and steps to take that benefit YOU, not the builder. They are, after all, working for you. They’ll make sure there are no overlooked terms in a builder’s contract that could end up hurting you after you move in. Or even during the building process. You want to make sure you have a professional who is experienced with the paperwork and contracts and knows how to make revisions that work in a way that make you happy.

5. NEGOTIATIONS

It is imperative in the purchasing process to have an agent that is able to represent you and negotiate for you. The building process is so much more than having the builder put in your favorite counters and floors. They will be able to get you a price that actually benefits you – not the builder. They will be able to run a comparative market analysis to ensure you are paying a fair price for the property. You don’t want to end up overpaying for the home – it could put you in a tough spot when it comes time to sell. They’ll also be able to negotiate terms around building time frame, closings costs, and so many other aspects of a contract that you may otherwise overlook.

6. BUILDER’S AGENT REPRESENTS THEM, NOT YOU

It may seem easy just to pop into an office of a new build, or a builder’s office, and use the onsite agent. But keep in mind that this agent works FOR the builder, NOT for you. So they will be working to make sure the builder gets the best deal at the end of the day. By having a buyer’s agent of your own, you can ensure there is a professional on your side that can walk you through the process and avoid being taken advantage of during the transaction. They will also have a better handle on things when you hit bumps along the way. If you end up working with a builder who isn’t holding their end of the deal, they will have the power to make connections that ensure the builder holds their end of the contract terms.

SD Market Update: January 2018

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Here is your January 2018 San Diego County Real Estate Market update!  Please note, that if you would like to see local statistics for your city or a city you are interested in, I can get this information to you usually within the same day.  Just shoot me a text or call and it would be my pleasure to provide you with any real estate information you seek.

The following stats* compare December of 2016 with Dec-2017:
  • The median sold price is up +9%.  In December of 2016 the median sold price was $495k, compared to December of 2017 at $539k.  That’s a difference of $44,000.
  • The median price of for sale properties is up 7% and the median price of sold properties is up 9%
  • The number of Sold properties is down 12%.
  • The average days on market is down 14%.
  • The number of Expired properties is down 12%.
  • The average months supply of inventory is down 24%
* Report provided by:Clarus MarketMetrics® @ Realty One Group

Storage Ideas For Small Bathrooms

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Is your bathroom small? It’s the worst, isn’t it? Well, unfortunately, small bathrooms are very common, and are usually the smallest rooms in the house. I can almost bet that it almost always feels cramped and tight in there. Although the square footage doesn’t change, a change of organization and storage space can make a drastic change to how your bathroom feels. Here are a few tips and tricks to make your bathroom space feel more functional and spacious.

  • Medicine Cabinet
    If you have a regular mirror, replacing it with one that includes a medicine cabinet and provide further storage space.

  • Shelving
    If you have free space above your toilet, vanity, or other another empty part of the wall, install shelving units. Purchase a few decorative baskets to maximize shelf space.

  • Hooks
    With a few decorative hooks, in a style of your preference, you can declutter by placing a couple on the back of the door to hang towels or robes. Perhaps one or two right next to each end of the shelving unit you just installed.

  • Towel Racks 
    A rack installed inside of you shower can save you space and convenience, also adding an additional shower bar above the original will work nicely. Another idea is installing a few racks a couple of feet above each other or right next on another. If you have an excessive amount of towels, store some of them away in the bedroom closet.

  • Vanity with Cabinet
    I have come across plenty of pedestal sinks in small bathrooms, but if you want save some space, add some storage, and upgrade the look of your bathroom at the same time, a vanity cabinet will definitely do the trick.

10 Staging Tips To Get Your Home Sold

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Ready to sell your house? Here is a few staging tips to get your home prepared for the market. When listing a home that cost hundreds of thousands of dollars, if not millions, you want to make sure it’s presented in the best light. You wouldn’t buy a $50,000 dollar car if it was filled from top to bottom in someone’s personal content and trash. This is the same mindset you need to carry into selling your home that will be worth well over a $100,000.

1. SAY BYE TO CLUTTER

The best thing you can do for your home for sale is to get rid of all of your clutter! Make a rule for your home that for every new piece that comes in, one must go. One of the biggest factors to a cluttered home is too much furniture. Generally, in a professional staging, half the home owner’s furniture is removed to make the house look much bigger. Look around your house and see what you can pack away. It’ll be worth the investment to get a storage unit for a couple of months to store away a lot of your furnishings and goods.

2. FURNITURE GROUPINGS

It’s largely misconceived that furniture pushed directly up against walls make a room look bigger, but this is far from true. Instead, you’ll want to float your furniture in reach room and away from the walls. Position your sofas and chairs into cozy conversational groupings. Be sure the furnishings are placed to make the traffic flow in a room obvious. This will make the room more user-friendly and will make it look larger.

3. TRANSFORM ROOMS

If you have a room that has only served to collect boxes or other junk, it’s important to purpose the room to something that is functional. You can make it into an extra bedroom, a small cozy nook/reading room, etc. If it’s in the basement, hid the boxes and turn it into a gaming room or family area.

4. HOME LIGHTING

Great lighting is the trick to making a staged home look warm and welcome. Most homes are improperly lit, which makes rooms look dark and dreary. There is a quick fix to this issue. Increase the wattage in your fixtures and lamps, aiming for about 100 watts per 50 square feet. Add three different types of lighting to each room: ambient (general overhead), task (under cabinets or pendants), and accent lighting (table lamps and wall accents).

5. GO NEUTRAL

The simple trick to toning down dated finishing in any space is a little bit of fresh paint. You don’t want to go stark white, but look into neutral grey and beige colors. Beige colors can also consist of warm honey like colors, soft blues and greens, and a variety of undertones that add a little life to a general neutral color. If you do want to use bold colors, be sure to only keep it on accent walls to help enhance structural features.

6. MAKE IT LOOK BIGGER

If you want to make a room bigger than it is, paint the room the same color as an adjacent room. For small kitchens and dining rooms, a seamless look will make the space feel like one, open it up, and make it seem much larger. Using drapes that match the wall colors can also add an emphasis to the room’s size.

7. USE YOUR GARDEN

Staged homes have an emphasis in fresh flowers and pricey floral arrangements. If you don’t have the money to go all out on florals, you can get this same effect by raiding your garden space. You can DIY beautiful pieces with fern fronds, magnolia clippings, and more. Use the spring and summer months to find cheerful flowers and use them in your arrangements.

8. GET A FACELIFT

So you can’t afford new cabinets? Then you can just get new doors and drawer fronts. Then paint everything to match and add new hardware to them. Instead of replacing the entire dishwasher, you may be able to get a new front panel, go for stainless steel if you can pull it off. Check with the manufacturer to see if replacements are available for your model.

9.MAKE NECESSARY REPAIRS

Unfinished home projects can really scare off potential home buyers, so you’ll want to be sure to make required repairs. Missing floorboards and large cracks in the sidewalk on the way to your door tend to be a red flag. Holes in walls and scratched up door frames can really look unattractive. These repairs cost you less to fix than buyers might deduct from the asking price.

10. CLEAN YOUR HOME

Aside from de-cluttering, the most important step to staging your home is to clean it. A dirty house is a quick turn-off for potential buyers. Most homes, especially with children and pets, and smokers, have a smell that may go undetected to home owners, but are quickly picked up by strangers. Be sure to have your home professionally cleaned prior to staging to appeal to all buyers that your home is nice and fresh.

Use The Right Paint Finish

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Ready to paint your home? Be sure to use the right finishes in each room and feature to make the best impact in your home. Using the wrong finishes can backfire for homeowners if the wrong ones are used in the wrong spaces. Below, you’ll find the most common finishes and recommendations on where they are best applied to.

– PAINT FINISHES – 

  • Flat is a low-sheen paint with a non-reflective finish that touches up well and hides minor surface imperfections.  It’s ideal for low traffic areas, interior walls and ceilings.
  • Matte has a low luster reflective finish that is durable, easy to clean, touches up well, and also hides minor surface imperfections. It is great for low to moderate traffic areas, such as bedrooms, and interior walls.
  • Eggshell Enamel has a soft, velvety appearance and is a good choice for moderate traffic areas such as living rooms.
  • Satin Enamel if you desire a pearl-like appearance, and are painting moderate to high traffic areas or areas that have some exposure to moisture, such as kitchens.
  • Semi-Gloss Enamel if you desire a sleek, radiant sheen that is great from cabinets and trim, high-traffic areas and high-moisture areas.
  • Hi-Gloss Enamel creates a brilliant, shiny appearance with a glass-like finish. This is great for high-use surfaces

November 2017 SD Market Update

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The following information compares Oct-2016 vs Oct-2017.

  • The median sold price is up 5%, from $505k to $520k.  Additionally, the median price of for sale properties is up 7% and the median price of sold properties is up 5%. What does this mean?  Industry leaders do expect the market to adjust, so for anyone that is thinking of selling their home, right now is the time where one can get the most money for their property. When the market does adjust, properties will, most likely, sell for less than one could get for it in today’s market.
  • The number of Expired properties is down 9%.  Well priced homes that are put up for sale have less of a chance of expiring than this time last year.
  • The average days on market (DOM) is down 14%, from 41 days to 35 days. That’s a difference of almost a week.  On average, properties are selling more quickly and staying a whole week less on the market for sale.
  • The average months supply of inventory is down 28%.  Low inventory drives supply and demand.  Right now, we are not building homes as fast as people need them.  We are behind 1.7 months.

Fun Holiday Planning Kit!

Most people that know me even a little, know that I operate out of my planner.  It’s how I stay organized and happy.  I time block everything, including time to relax and unwind.

I have tried many planners, and the one I am using right now comes from a company called Day Designer.

Today they sent me a free holiday planning printable kit.  Since it’s free and fun–and also, since the holidays are crazy if you make the mistake of not planning for them–I thought I would share this nifty planning kit here for you!

Here’s a short description: Get organized this holiday season with the enclosed collection of holiday planning printables. You’ll find the tools you need to create a realistic plan for the holidays that ultimately prioritizes the people and activities that matter most.

Download a copy of your holiday planning kit here (click link): Holiday_Printable_Kit_-_Day_Designer

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San Diego Market Update – October 2017

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Good afternoon, fellow San Diegans!

Here is a short market update from you.  The following information is just a concise bullet list of market updates.  If you would like to see the full report (from Clarus MarketMetrics®), please let me know and I will email it to you!

Based on the last 12 months:

  • The median sold home price is up 10%. This means that if you list your house now, you’ll be able to get top dollar for it. We can’t know for sure what the market will do in the short or long term future–but we do believe at some point home prices will stabilize and take a dip.
  • The average days on market is down 11%. Translation? Properties are selling fast.
  • The average month’s supply of inventory is down 23%.

A lot of people believe in the myth that during the holidays, nothing sells.  However, if you’re waiting for Spring to list your house–don’t.  The notion that real estate sales stop cold during the holidays is a total myth.

The truth is that real estate is ALWAYS being bought and sold, year around, worldwide.  Owning real estate is one of the highest dreams one can hope to realize, and it doesn’t matter what time of year it is.  In fact, sometimes the fall and winter months are the best times to buy or sell real estate. This is because sales can move more quickly because serious buyers and sellers go into the market during these months.

From “I Do” to Sold

Newlyweds are saying “I do” to each other, and equate to over half of first time home buyers that are also saying “I do” to their dream homes. It makes sense! When you put two hearts together, the time comes to find a home to nourish that love. A home that brings two of your places together, and makes it one. If you and your spouse are ready to fall in love with the perfect house together, here are five tips to make sure the process goes smoothly, and you come prepared.

1. YOUR WEDDING BUDGET: Your wedding is a one-time event that shouldn’t be less than what you’d imagine. It’s a beautiful time to put all of your dream pieces together. However, it’s best to sit down and find out ways you can shift the budget to help with your down payment for a home, if you plan to purchase. The average couple spends a little over $20,000 on their wedding. Even a savings of $5000 from your wedding budget can help with owning the perfect home. 

2. WEDDING GIFTS: Wedding bliss comes with wedding gifts. Let’s admit, one of our favorite times during the wedding season is all of the gifts that come pouring in! Have any friends or family pitching in cash? Save that to put towards your down payment. And depending on the generosity of your gifts, you can even open an account dedicated to your down payment, that friends and family can gift to. 

3. GET PRE-APPROVED: One of the least brought up conversations in relationships is the credit and financial history of your soon-to-be spouse. Get together with a lender to go over both of your histories to know what needs to be done to put you guys in a position to own together. In some cases, only one person can get approved, while the other can’t. If you want to put both of your incomes toward the cost of the house you want, talking to a lender early on can ensure you are prepared to make the right moves.

4. THE RIGHT AGENT: That’s where I come in! For starters, I can connect you with a lender to ensure you guys are being watched over from the best recommendations. And it’s an absolute joy to take the stress out of buying a home for my newly wed couples. We all know how stressful, although joyous, a wedding can be. To then jump into buying a house shortly after, well, it’s certainly a lot to get through. But I can guide you through all of the steps to make sure you end up with a house you love. Just think of me as a wedding planner, but for homes.

5. NOW THERE’S TWO: Although some spouses are a match made in heaven, loving and adoring the same exact things, often times that’s not the case with most couples. You still are your own persons, and have your own tastes. This is where the first step to comprise really begins. Spending a good bit of money on a place you both will love and call home. A happy marriage starts with a happy home, so be sure you both are considerate of each other’s wants and needs in style and location, so you both are happy with the home you end up getting.