Tracy Real Estate Today Blog: home equity

Showing posts with label home equity. Show all posts

Friday, October 11, 2013

TracyRealEstateBlog- How Will Government Shutdown Affect Real Estate?

The recent U.S. Government shutdown is a topic that must be weighing heavily on the minds of many, maybe more so for home buyers and sellers. Most buyers and sellers can rest assured that the process won't be delayed by the shutdown. Those with a conventional mortgage shouldn't be affected.

Those with FHA or VA mortgage, if you've already begun the process, it's likely you won't be affected either. Banks will continue to process loan applications. Appraisals will continue be ordered and completed. Once the loan goes through the local underwriter and is sent to FHA for final approval, it will be a few weeks out, so it's likely the shutdown will be resolved by then and not affect them.

For buyers with an appraisal this week - after their loan is sent to FHA for approval, we still have 30 days until the close, plenty of time in case of a delay.

Essential government services will continue and most Real Estate buyers and Sellers should not be affected.

Lisa Aguilera
The Aguilera Real Estate Team

Cell: 209-814-8256 | Office: 209-597-8256 |Fax: 209-496-9319 | BRE # 01766690

2311-A North Tracy Blvd, Tracy CA 95376 | Keller Williams Realty, Tracy Branch Office
Email: LisaAguilera1@gmail.com | Website: www.TracyRealEstateToday.com | Tracy & Mountain House CASubscribe To My Newsletter | 1 Minute Housing Market Trends Update | Equal Housing Opportunity

Facebook | LinkedIn | Twitter | Pinterest | Google+

This blog article was provided by Lisa Aguilera, a Nationally recognized Realtor and member of the Central Valley Association of Realtors (CVAR). Top Producing Realtor and CVAR Master’s Club Winner with over $3.2 Million in Sales Annually. Search California real estate and homes for sale: www.TracyRealEstateToday.com. Short Sale information at Short Sale My Tracy Home or Short Sale My Mountain House Home. Homeowners anywhere in California or the United States contact me for more information: Short Sell Your Home.

Disclaimer: The information provided on this website should not be constituted as legal advice. The content is intended to provide general information about real estate, short sale and foreclosure processes, and should not be acted upon without the counsel of a qualified REALTOR®, attorney, and tax expert.

TracyRealEstateBlog-Is Your Zillow Zestimate Wrong?

Unfortunately many homeowners today rely on Zillow's Zestimate tool to give them an estimate of their home's value. Zillow's Zestimate may not be as accurate as they think, especially in the volatile California real estate market. Tracy CA and Mountain House CA home listing prices and home sales are largely affected by complex real estate market trends, with their close proximity to the Bay Area.

According to The Wall Street Journal, Zillow’s Zestimate tool utilizes a home's sales price, sales history, tax assessments, and square footage. Their tool includes a value based on comparable homes.

Although Zestimate may provide an accurate home value for some homes, it may be off by a large amount for other homes. Past sales history isn't always a reliable predictor of a home's value. The real estate market can be very volatile as we saw with the housing boom (economic bubble) of 2000 and it's subsequent bust a few years later. Tax assessments may be inaccurate as some homes may not have been assessed in years. The Zestimate also doesn't take into account all of the housing features and upgrades for each home, such as a recent kitchen remodel.

Bill Garber, a spokesman for the Appraisal Institute, the main trade group for U.S. property appraisers, said that Zestimates, like most automated valuation models, or AVMs, are not used by appraisers as a benchmark because they are based on public information and information from local multiple-listing services that is often inaccurate...Zestimates are a form of AVM … AVMs have limitations, the biggest being the lack of inspection and oversight of any improvements. Complex markets render them nearly useless. They’re basically an aggregation of public records data, and public records are riddled with errors,” Mr. Garber wrote in an email. “Some AVMs are now intermixing MLS information, which is also filled with incorrect information. Garbage in, garbage out.” Source: Wall Street Journal

Your home may be undervalued. If you're on the fence about selling, we can help. We offer a no obligation, free home value estimate. Our comprehensive home estimate takes into account many factors including location, comparable home values and home features.

Call The Aguilera Real Estate Team (Keller Williams) today at 209-597-8256 or click here to get your free emailed home value estimate!

Is Your Zillow Zestimate Wrong? Your Home May Be Undervalued - Aguilera Real Estate Team Tracy California Real Estate

Lisa Aguilera
The Aguilera Real Estate Team

Cell: 209-814-8256 | Office: 209-597-8256 |Fax: 209-496-9319 | BRE # 01766690

Facebook | LinkedIn | Twitter | Pinterest | Google+

Friday, October 4, 2013

TracyRealEstateBlog-Housing Market Is Heating Up

Housing Market Is Heating Up, if Not Yet Bubbling
Source: The New York Times

Renowned economist Robert Shiller (co-developer of the S.& P./Case-Shiller Index) writes in the New York Times that while we are not in a bubble now, there are troubling signs that we may be heading toward one. He notes the country could be lapsing into a bubble mentality— a self-reinforcing cycle of popular belief that prices can only go higher.

Read the full story:

http://www.nytimes.com/2013/09/29/business/housing-market-is-heating-up-if-not-yetbubbling.
html?_r=1&
Housing Market Is Heating Up, if Not Yet Bubbling - Aguilera Real Estate Team Tracy California Real Estate

Lisa Aguilera
The Aguilera Real Estate Team

Cell: 209-814-8256 | Office: 209-597-8256 |Fax: 209-496-9319 | BRE # 01766690

Facebook | LinkedIn | Twitter | Pinterest | Google+

Friday, September 20, 2013

TracyRealEstateBlog-Follow The Aguilera Real Estate Team on Instagram!

The Aguilera Real Estate Team (Keller Williams Tracy) stays on top of the latest technological trends to optimize our Team and Listing visibility on the Internet, which in turn results in an exceptional experience for our Buyer and Seller clients. We also want our clients to be able to utilize the technology they feel comfortable with or enjoy using in order to make their home buying or home selling experience as pleasant as possible. You can now follow us on Instagram! http://instagram.com/tracyrealestate

Follow The Aguilera Real Estate Team on Instagram! - Aguilera Real Estate Team Tracy California Real Estate

Lisa Aguilera
The Aguilera Real Estate Team

Cell: 209-814-8256 | Office: 209-597-8256 |Fax: 209-496-9319 | BRE # 01766690

Facebook | LinkedIn | Twitter | Pinterest | Google+