California Realtor. Tracy CA Homes, Mountain House CA Homes, Manteca CA Homes, and Lathrop CA Homes. Home Buyer Tips, Home Seller Tips, Real Estate Market Trends and much more! The Aguilera Real Estate Team, Keller Williams Realty CalBRE# 01766690, Equal Housing Opportunity
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Existing-home
prices were up across much of the country in February due to a lag in
inventory levels, according to a recent report by the National
Association of REALTORS (NAR). However, overall existing-home sales,
which include recently purchased single family, townhomes,
condominiums, and co-ops fell 0.4 percent during February to a seasona
Freddie Mac
reports the national average commitment rate for a conventional,
30-year fixed-rate mortgage at 4.3 percent in February, down from 4.43
percent recorded in January 2014. Buyers were accessing rates of 3.53
percent in February 2013. First-time buyers were responsible for 28
percent of purchases in February, up from 26 percen
Sellers, you have
an excellent opportunity to sell your home this season, if you have
the right pricing strategy in place from the start! Studies show that
the longer a property stays on the market, the less the seller will net
upon the sale. It is very important to price your property at a
competitive market value at the signing of your listi
Savvy
investors always seem to find great deals in the housing market. But
the truth is there are always great deals out there. You just have
think and act like an investor. In the last several years most areas
have been in a buyer's market. However, with inventory at the lowest
supply since 2005, chances are most of us are now in a seller's market.
What does a housing market shift mean for home buyers?
Expect
competition. Multiple offers are back. Homes with the best pricing, in
the best condition, and in the best location go first. Be ready. It's
more important than ever to be pre-qualified so that you're ready to
write an offer at any time. An offer with a pre-qualification letter
looks stronger and has a better chance at getting accepted. Prioritize.
Being clear on your wants and needs is especially important in a
seller's market.
You may
have to compromise on some of your wants. However, you should never
compromise on your needs. So work with your agent to be very clear on
what you'd like to have your next home and what your "must-haves" are.
Home Sales Activity for March 2014 in the US:
Home sales
activity was at an annual pace of $4.6 million with the median home
price of $189,000. Home prices are down 4.5 percent from last month but
are up almost 11 percent from the same month last year. The average
national rate on a 30-year fixed-rate mortgage edged back to 4.33
percent.
There's No Place Like Home! Spacious two story home with separate
living room/ dining room combo. Open floor plan in family room and
kitchen. Kitchen has beautiful granite counter tops and a pantry closet.
A breakfast nook compliments the kitchen. Large Master bath with
separate tub/shower and walk-in closet. Good sized backyard with stamped
concrete and fully landscaped. Bring your pickiest buyers!
In
Edgewood neighborhood! 4 bedrooms upstairs, den downstairs. Home is
freshly painted. Large family room that opens into kitchen with a
breakfast bar. Black appliances in kitchen. Plantation shutters.
Separate, formal dining room. Upstairs laundry room. Yards are nicely
landscaped! This home is move-in ready!
Another California Home Sold by The Aguilera Real Estate Team!
Congratulations to the Overman family! Wishing you lots of happiness
in Texas! Thank you for trusting me first with your purchase and now
the sale of your home. 🏡 You were wonderful to work with and will be
missed!
