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Displaying blog entries 1-8 of 8

Own it! Staging Your Home Yourself

by RE/MAX, LLC

 

Selling your home? Check out this video for tips on how to stage your home!

 

 

 

 

 

Buyer Beware: 3 Home Buying Misconceptions

by Real Team 360

Iʼm here to save you pain, buyers. There are myths about the home shopping
experience that must be addressed. I like to make the home buying experience as
stress-free as possible, so please hear me out on these three big myths about home
buying:
Myth #1: “That house has been on the market so long I bet we can work the
seller down easily.”
Not necessarily. Exceptionally high days on market could mean almost anything. The
seller could be bullheaded about their price. The seller may not be particularly
motivated to sell for emotional or other personal reasons. Donʼt forget: A sales-weary
seller isnʼt likely to respond to your host of rational reasons why their house should be
a bargain.
Myth #2: “I want to look at foreclosed homes because theyʼre a real bargain and
the banks need to unload them.”
Banks, like entrenched sellers, donʼt always make decisions which seem rational
based on obvious information. You can have a hard time divining the reason a bank
chooses to reject an offer for a foreclosed or distressed property, and their decision
may be based on financials which seem counterintuitive. The truth is, many distressed
sales can be longer and more fraught than regular sales.
Myth #3: “I liked this house a lot, but with this market, I bet it will still be there if I
decide to buy it.”
Itʼs very, very painful to see a client love a home but fail to make a move to purchase
that home. If you fell in love with it, why wouldnʼt someone else? Just because a
property has been on the market a little while doesnʼt mean it will stay on the market.
The bonus myth in this one? Your “perfect” home is probably going to be a home with
some small compromises. If you donʼt make an offer on a home, youʼre effectively
saying, “Iʼm comfortable losing this home.”
My job as an agent is to represent your interests and do my best to protect you along
the way. If youʼre pursuing a home purchase in the near future, please get in touch.
There are many other ways I can lower your stress and help you find a great home:

Iʼm here to save you pain, buyers. There are myths about the home shoppingexperience that must be addressed. I like to make the home buying experience asstress-free as possible, so please hear me out on these three big myths about homebuying:

Myth #1: “That house has been on the market so long I bet we can work theseller down easily.”

Not necessarily. Exceptionally high days on market could mean almost anything. Theseller could be bullheaded about their price. The seller may not be particularlymotivated to sell for emotional or other personal reasons. Donʼt forget: A sales-wearyseller isnʼt likely to respond to your host of rational reasons why their house should bea bargain.

Myth #2: “I want to look at foreclosed homes because theyʼre a real bargain andthe banks need to unload them.”

Banks, like entrenched sellers, donʼt always make decisions which seem rationalbased on obvious information. You can have a hard time divining the reason a bankchooses to reject an offer for a foreclosed or distressed property, and their decisionmay be based on financials which seem counterintuitive. The truth is, many distressedsales can be longer and more fraught than regular sales.

Myth #3: “I liked this house a lot, but with this market, I bet it will still be there if Idecide to buy it.”

Itʼs very, very painful to see a client love a home but fail to make a move to purchasethat home. If you fell in love with it, why wouldnʼt someone else? Just because aproperty has been on the market a little while doesnʼt mean it will stay on the market.The bonus myth in this one? Your “perfect” home is probably going to be a home withsome small compromises. If you donʼt make an offer on a home, youʼre effectivelysaying, “Iʼm comfortable losing this home.”

#GoodToKnow

Renters also share their perspectives on home buying; respondents sound off on the presidential race and its impact on the housing market.

IRVINE, CA (Aug. 22, 2016) -- Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks, today released results of its latest Homeowner Sentiment Survey indicating that current and prospective homeowners remain optimistic about the current state of the U.S. real estate market. Respondents cite higher home values, increasing housing inventory and low interest rates as the main reasons for their optimism.

The survey showed that 66% of existing homeowners view the U.S. real estate market favorably, representing a 5-percentage point jump since spring to the highest level in more than a year. Favorability also grew most among baby boomers, who are making noise with a newly favorable attitude toward the housing market. To date, boomers have been the most pessimistic group tracked in the ongoing survey but the latest results reveal a full 60% of boomers view the housing market favorably, a 6-point increase since last spring. They overwhelmingly (72%) point to interest rates as the primary reason for their optimism.

“We find this data particularly interesting in light of the housing-inventory shortage seen in many markets,” said Gino Blefari, CEO of Berkshire Hathaway HomeServices. “As homeowners feel increasingly confident about the outlook of housing and their homeownership investments, they are more likely to consider a move for themselves – up, down or laterally to another market. Perhaps this is a signal that more existing homes may gradually come to market freeing up more options for first-time and move-up buyers.”

Millennials Are Most Optimistic

 Among all respondents, millennials are most optimistic about the real estate market and are the most satisfied with the U.S. economy. In fact, 76% of respondents ages 18 to 34 view housing favorably, up a point from last spring and a full 17 percentage points from November. A large majority of millennials (85%) also believe that owning a home is an important part of the “American Dream,” a sentiment shared with older generations.

Mortgage rates remain low but how low is up to interpretation. Just 13% of millennial respondents described loan rates as “low” while 53% categorized them as “average.” Additionally, millennials indicated that their biggest challenge in purchasing a home is securing a low mortgage rate. Gen-Xers said their largest barrier to homeownership is saving money for the purchase, while boomers – in concert with their growing confidence – said their biggest challenge is “finding a home that suits their family’s wants and needs.”

The possibility of rising mortgage rates remains a concern among all demographic groups surveyed. Not surprisingly, 81% of prospective homebuyers expressed concern about rate increases. “Mortgage rates have been low for so long it’s only reasonable for rates to rise a little at some point down the road,” said Stephen Phillips, president of Berkshire Hathaway HomeServices. “If and when rates do rise, it’s also reasonable to expect only a gradual increase over time – no rate shock.”

Renters Respond                                                                                                                 

Berkshire Hathaway HomeServices’ Homeowner Sentiment Survey also asked renters about their perspectives on homeownership. Many said they’ve been renting homes for longer periods than originally planned.

Those renting for a year to three years said their largest challenge is saving money for a down payment. Prospective homeowners renting from three to five years said their primary hurdles include finding a suitable home, trying to save money and getting a good interest rate on a loan. Those renting for six years or more expressed more concern about the U.S. economy.

Besides saving for a down payment, 37% of millennial renters indicated they are interested in buying only when they’re ready to afford their dream home, signaling that they find the concept of a “starter home” less desirable than previous generations.

Renters who said they could not buy a home listed poor credit scores and strict lender guidelines as their principle hurdles.

Presidential Race and Real Estate                                                                                                                                

With presidential campaigns in high gear, the survey asked respondents which candidate would have a more positive impact on the housing market. Among current homeowners, 33% said Donald Trump would be better for real estate while 31% picked Hillary Clinton. Among prospective homeowners, 35% said Clinton would have a more positive impact on housing compared with 27% for Trump.

Most Democrats and Republicans surveyed expressed a favorable outlook for the U.S. housing market. Regardless of political affiliation, respondents indicated that credit scores impacted by the recession, stricter lending requirements, and the competitive landscape for available homes are key challenges for the market.

“A much larger percentage of survey respondents admitted they ‘don’t know’ which candidate will be best for real estate,” Blefari said. “It will be interesting to see who will embrace the housing needs of Americans and put forth the best case for positively impacting our real estate market.”

The full survey details are available upon request.

Berkshire Hathaway HomeServices Consumer Sentiment Survey Methodology                                                             

Interviews with 2,521 respondents were conducted online by Edelman Intelligence in June 2016. The respondents captured were either current homeowners (individuals who currently own a home as a primary residence) or prospective homeowners (individuals who do not currently own a home and are likely to buy a home as their primary residence in the next six months). The margin of error is +/-2.2% for current homeowners and +/- 4.4% for prospective homeowners.

About Berkshire Hathaway HomeServices and HSF Affiliates LLC                                                                                 

Berkshire Hathaway HomeServices, based in Irvine, CA, is a real estate brokerage network built for a new era in residential real estate. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability and longevity. Visit www.berkshirehathawayhs.com.

Irvine, CA-based HSF Affiliates LLC operates Berkshire Hathaway HomeServices, Prudential Real Estate and Real Living Real Estate franchise networks. The company is a joint venture of which HomeServices of America, Inc., the nation’s second-largest, full-service residential brokerage firm, is a majority owner. HomeServices of America is an affiliate of world-renowned Berkshire Hathaway Inc.

Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, and are used under license with no other affiliation with Prudential.

Media Contacts:

Kevin Ostler

(949) 794-7980

hsfranchise.com

 

Alyssa Camacho

(212) 642-7732

alyssa.camacho@edelman.com

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Roadblocks to the American Dream

by CAR

What is stopping prospective buyers from achieving the American Dream of home ownershp? There are many roadblocks buyers face including lack of inventory and personal debt. 

 

Info graphic about the road blocks that hinder prospective buyers

RE/Max National Housing Report June 2016

by RE/MAX, LLC

 

 

 

 

 

 

RE/MAX National Housing Report - October 2014

by RE/MAX, LLC

The Pine Street Promenade project is scheduled to break ground in 2016!

by Paso Robles - Good News

The Pine Street Promenade Project was recently approved in Paso Robles.
The project includes a 121 room boutique hotel with meeting space, spa, and
restaurant; an open air artisan marketplace; a 500-seat performing arts center
and a 5-level parking garage.
This village-within-a-village will also include retail space and of􀏐ices. Its
location in the town center makes it walking distance to restaurants,
shopping & services. It will provide a commercial and pedestrian connection
between the city’s transit station and the central business district surrounding
the downtown park area of Paso Robles.
The Promenade will be built in stages, with each stage bringing jobs to the
community and draws to visitors.
The project is scheduled to break ground as soon as 2016.
For more information, go to www.pinestreetpromenade.com

The Pine Street Promenade Project was recently approved in Paso Robles.

The project includes a 121 room boutique hotel with meeting space, spa, andrestaurant; an open air artisan marketplace; a 500-seat performing arts centerand a 5-level parking garage.

This village-within-a-village will also include retail space and offices. Itslocation in the town center makes it walking distance to restaurants,shopping & services. It will provide a commercial and pedestrian connectionbetween the city’s transit station and the central business district surroundingthe downtown park area of Paso Robles.

The Promenade will be built in stages, with each stage bringing jobs to thecommunity and draws to visitors.

The project is scheduled to break ground as soon as 2016.

For more information, go to www.pinestreetpromenade.com

(Info taken from http://www.prcity.com/government/pdf/GoodNews/GoodNews-PineSt-Promenade.pdf)

Wines of Paso Robles

by Paso Robles - Authentic California

 

Over 40 wine grape varietals and blends are produced in Paso Robles, California - from Spanish to Italian to Bordeaux and Rhône, including the area's heritage variety Zinfandel.

This vast area boasts six different wine regions, each with their own distinct microclimate and terroir including the Back Roads Wineries, Far Out Wineries,
Pleasant Valley Wine Trail, Downtown Wineries, 46 East Wineries and 46 West Wineries.

Wine lovers can visit a large variety of tasting rooms, many of which offer picnic areas and specialty winemaker dinners. There are numerous wine events throughout the year, including the Zinfandel Festival, Earth Day Food and Wine Festival, Paso Robles Wine Festival, Sunset's SAVOR The Central Coast and Harvest Wine Weekend.

Displaying blog entries 1-8 of 8

Contact Information

Real Team 360
RE/MAX Parkside Real Estate - BRE #01421338
1213 Vine Street
Paso Robles CA 93446
Office: (805) 238-1555