#buyers

Latest from Debora

Vetting Possible Buyers Before A House Showing

The world has changed and we are all doing things a little differently these days. Buyers used to call their agents and ask to see a home. An appointment would be set and off they go. Things are a little more complicated now and before you can go look at a house, you'll need to do a couple of things. 1. In Monterey County and elsewhere in California, every person who wants to see a home must first sign a COVID entry form. You are stating that you don't have the virus, aren't

Some Points About Our California Housing Crisis

Reasons why we don't build enough housing in California Community resistance Water restrictions and lack of water to support additional population Commercial development brings in more tax revenue than residential Project reviews and CEQA delays discourage developers What are the obstacles to housing in California? Supply and demand create inflated prices and income doesn't have the chance to catch up Mortgage rates are low but buyers can't afford to pay the inflated housing

Woman vs Man - Home Purchase Preferences

One in five consumers buying a home today is a single woman. Meyers Research in Costa Mesa, Calif., conducted a survey analyzing the buying preferences of 33,000 home shoppers, including both men and women with a variety of locations and price points. They found that the influence of the female buyer segment goes further than expected. Not only are women involved in buying their own homes, but they also help guide many single men who seek advice during a home search. Here are

Interest Rates at a 3 Year Low!

Does anyone remember when interest rates were over 10%? I dug into the distant past and found these rates on Value Penguin Inc. I guess we have a lot to be thankful for right now. Take a look.... Year Lowest Rate Highest Rate Average Rate 1990 9.56% 10.67% 10.13% 1989 9.68% 11.22% 10.32% 1988 9.84% 10.77% 10.34% 1987 9.03% 11.58% 10.21% 1986 9.29

Are You Wildfire Ready?

Thousands of wildfires strike California every year so it's important to prepare your property and your family. Here are some tips from the California Department of Forestry & Fire Protection: Create a defensible Space: It's the buffer that homeowners are required to create on their property between a structure and the plants, brush and trees. This space is needed to slow the spread of wildfire and improves firefighter safety. Zone 1 - Extends 30 feet from buildings, decks an

Survey Says....Some Facts About Family Home Buying

No surprises here and the Monterey Peninsula and Bay Area are no exception..... According to the National Association of REALTORS®’ 2019 Moving With Kids survey, based on responses from more than 7,000 consumers, the two characteristics that buyers say they weigh the most when deciding on a neighborhood are the quality of the school districts and the proximity to schools In addition, parents are willing to make sacrifices for the sake of their children and will spend a littl

Will it be a Buyer's Market this year?

Due to home prices slowing, interest rates holding and more inventory on the market, we may be heading into a "Buyer's Market" this spring. Traditionally, the week of the ATT Pro Am marks the beginning or our local "selling season". Sellers like to take advantage of the influx of visitors and they feel that it's a good time to expose homes to the market. The reality seems to be that it generates a lot of looking but not necessarily a lot of buying. New listings are coming to

National News: Buyers Are Willing to Pay Extra for Smart-Home Gadgets

Do you have smart technology in your home? If you do,buyers are willing to pay extra to get it. According to research (23,000 surveyed) from John Burns Real Estate Consulting: 60% of home buyers say they’d spend more on a home with a smart thermostat 60 percent+ of new-home buyers also say they’d pay more for an exterior security camera and smart locks. In a separate John Burns survey of more than 300 home builders: 53% say they would incorporate smart-home technology into ne

National Real Estate: Down Payments are Getting Bigger........

Inventory continues to remain tight in California and it sounds like buyers are bringing more money to the table make their deal happen. Competition is strong and sellers are at an advantage. Multiple offers, prices above asking and no contingency requirements are fairly common now a days. It makes it difficult for those that don't have a lot of room to negotiate. Check out the following down payment levels: Among 143 metro areas analyzed, the top five cities where residents

National Real Estate: And the Happiest City in America is.........

The happiest city in America is......Fremont, Calif., according to a new analysis of more than 180 of the largest U.S. cities. There are a total of four cities in California on the top ten list. WalletHub measured cities using 28 “happiness indicators,” including low divorce rates, amount of leisure time, income growth, low depression rates, and more. So why are residents so happy in Fremont? Nearness to San Francisco and Silicon Valley Job opportunities abound Real estate pr

National Real Estate: More Buyers Are Buying Sight Unseen!

Interesting survey from Redfin. Would you buy a house sight unseen? It sounds a little scary since photos don't always give you the full picture. What is the neighborhood like? Does the property have a steep drive way? Is there a power tower right behind the house? How busy is the street? There are so many things that could be present and not shown in photos. As an agent, I'm here to help answers many of these questions but I always prefer that my client visits the property

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