Bay Area Real Estate BlogRecently posted or modified blog posts in the category - Selling Your Homehttps://www.tuscanaproperties.com/blog/Copyright TuscanaProperties.com2024-03-08T18:05:53-07:00tag:tuscanaproperties.com,2012-09-20:32488When is the Best Time to Sell a California Home?<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1172024/when-is-the-best-time-to-sell-a-california-home.jpg" alt="When is the best time to sell a California home" width="1123" height="794" />
It would be fantastic if a home seller could list at any time of the year and collect the same profit.
We all know that can’t be the case. Homes can fetch higher (or lower) prices during different times of the year. The amount of offers you get can also fluctuate.
Real estate agency owner <a href="https://www.tuscanaproperties.com/about/sandy-jamison/" target="_blank">Sandy Jamison</a> says, “I get this question from sellers a lot…When is the best time to sell? I always tell them right after Superbowl Sunday and the Lunar New Year”
Sellers should be ready to list around this time, as more buyers are out searching for their dream homes late in February and March. Even though buyers are high in number, listings aren’t.
This means the few sellers compete less, receive more offers, and have a stronger chance of walking away with their asking price (or more).
What Does the Data Say About Prices Throughout the Year?
Home prices throughout the year in the U.S:
Looking at 2023 from January to November, there’s a peak in June of the sales prices of existing homes. June 2023 has a median sale price of $410,000, but January’s is $361,200, the lowest month in the data. That’s almost a $50,000 difference in 5 months.
Home prices throughout the year in California:
California’s 2023 median prices for single-family homes peaked later than the U.S. prices (according to the <a href="https://carorg.sharepoint.com/:x:/s/CAR-RE-PublicProducts/EcOe903EpvtJmUv1AaJFwp8BRTYd7-S3dKLWEH-edY6Oig?e=5h3lSl" target="_blank">NAR statistics</a>). When the nation peaked in June, California had strong prices. In fact, the median home prices from May through to November should satisfy most home sellers' financial goals.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1172024/hollywood-california.jpg" alt="Hollywood California" width="576" height="384" />
The state of California hit max prices in August 2023 ($859,800) and the lowest prices in February ($735,480). via -<a href="https://rare-gallery.com/5418338-street-road-palm-hollywood-car-tree-sign-suburb-californium-environment-electrical-line-70-film-city-urban-palm-tree-los-angeles-la-free-stock-photos.html" target="_blank">Source</a>
Yes. That’s almost a $125,000 difference between the hottest month of 2023 and the weakest.
Month of 2023
Median Price
January
$751,330
February (Lowest)
$735,480
March
$791,490
April
$811,950
May
$836,110
June
$838,260
July
$832,400
August (Highest)
$859,800
September
$843,340
October
$840,360
November
$822,200
December
$819,740
Timing is crucial. The data shows a massive difference in the median home price from month to month.
Your home is unique. The price of your home may follow these trends closely, but features and location can massively skew these numbers. Find out which month could be profitable for your home by going directly to the source of reliable information (<a href="https://www.tuscanaproperties.com/contact/" target="_blank">a realtor in California</a>).
Your Home Might Not Match the Trends
As a home seller, you’ve got a clear goal, which is maximizing profit. Homes may be priced higher by sellers during spring and summer - but that’s not the case for every property.
Some areas may experience higher peaks and lower lows, while others might be more consistent throughout the year. This article (and the data in it) should be a guideline, not a rule of thumb.
Here’s a guideline from <a href="https://www.tuscanaproperties.com/about/sandy-jamison/" target="_blank">Sandy Jamison, a realtor with 15 years of success</a>:
“I always tell sellers the best time to sell is between February to May. After that time, the market starts to stagnate a bit and you won’t get multiple offers or overbidding. The supply and demand are more in balance during the summer months”
California Market Trends for Each Season
The California real estate market ebbs and flows the most between May and the start of November. January and February seem to be the lowest-performing months for California home prices. However, those aren’t the only months that home sellers need to be careful of. Decreasing prices can start in November and fall quickly.
You’ve already seen the median prices for 2023, but how do the markets perform? Which times of the year are competitive and when do sellers need to be more open to offers? Let’s answer some of those questions.
Spring Trends and Prices
New listings slowly ebb onto the market in spring and competition begins to heat up, along with the weather. Any buyers who weren’t able to find a home during the winter will be scouring the spring listings.
For home sellers, a competitive market can mean handfuls of interested buyers - but places the emphasis more on pricing your home to perfection. Buyers have options during spring and they know summer will bring even more. It’s up to you to stage your property well, though the market isn’t ultra-competitive yet.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1172024/landscape-overview-of-California.jpg" alt="Landscape overview of California" width="576" height="426" />
Throughout the year, home prices rise and fall like California’s topography -via <a href="https://www.pexels.com/photo/building-in-a-mountain-2539437/" target="_blank">Sergei A</a>
At least in 2023, the median prices grew over $45,000 from March to May.
From the start of March to the end of May, the California market should have a trickle of listings. The median home prices won’t be at their peak yet, but they are on the way.
The <a href="https://carorg.sharepoint.com/:x:/s/CAR-RE-PublicProducts/Ea-ocWLqpPBCooyJQNq6jP0BAySEpGf4WxISDPnbCY8F3w?e=nh7Urm" target="_blank">median days</a> spent on the market also decreased as we approached the summer of 2023.
Spring Months of 2023
Median Days on the Market
March
24.0
April
20.0
May
17.0
Summer: Trends and Prices
If you’ve heard that summer is competitive, it was the truth. California home sellers experience fewer days on the market and a healthy amount of buyers. This is also the time that some home sellers will cash in on summer’s inflated prices.
Insider info on summer months: Lots of listings + lots of buyers = fewer offers. The California real estate market is more balanced around this time of year. Buyers have more selection, so you might not offers piling up, nor will they be as likely to pay above market value.
It’s a competitive time - so be competitive. Sellers should take every opportunity to impress potential buyers. Stand out from comparable properties if you want to collect as much profit as possible. <a href="https://www.tuscanaproperties.com/contact/" target="_blank">Realtors can help</a> you establish that price point.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1172024/summer-weather-in-California.jpg" alt="Summer Weather in California" width="576" height="362" />
Summer is a competitive time of year for California real estate via <a href="https://pxhere.com/en/photo/547981" target="_blank">Source</a>
The highest median home prices show up in August ($859,800), well into the summer months. In 2023, May and June were almost identical with median prices of $836,110 and $838,260.
San Francisco Bay Area saw its peak median prices in June ($1,323,8100), proving that each market can have its own behavior.
The difference between median prices over California’s summer months of 2023 is about $22,000. It’s important to remember that more valuable properties could experience even greater returns from a summer sale, assuming the homes follow <a href="https://carorg.sharepoint.com/:x:/s/CAR-RE-PublicProducts/EcOe903EpvtJmUv1AaJFwp8BRTYd7-S3dKLWEH-edY6Oig?e=5h3lSl" target="_blank">NAR trends</a>.
Summer Months of 2023
Median Days on the Market
June
15.0
July
16.0
August
18.0
Autumn: Trends and Prices
Fall is an interesting time for home sellers. It’s starting to take longer for homes to sell as many buyers have secured their homes during the supply-rich spring and summer months. Thanks to this very time-sensitive pressure, buyers tend to be more serious.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1172024/California-iconic-skylines.jpg" alt="California's Iconic Skylines" width="576" height="457" />
One of California’s iconic skylines via <a href="https://www.wallpaperflare.com/white-and-gray-concrete-houses-at-daytime-san-francisco-california-wallpaper-zeazd" target="_blank">Source</a>
California home sellers want to avoid keeping their homes on the market into the winter. Consider this when offers come your way.
Prices also dropped during autumn 2023. Between September and October median prices dropped by a few thousand dollars ($843,340 to $840,360), but prices fell steeply in November to $822,200.
Fall Months of 2023
Median Days on the Market
September
18.0
October
20.0
November
21.0
Winter: Trends and Prices
Winter is not ideal for home sellers - or buyers. Presenting the home in its best light isn’t easy, nor are winter stagings. For Californians, winter might be quite mild, so the selling process might not freeze over.
There won’t be as many buyers looking at homes during the winter. If you choose to list and go through the process of selling, you may need to make certain concessions to close the deal.
If you can wait until late February and the beginning of spring, real estate pros say you’ll have a much easier time catching a buyer’s eye. As if awakening from hibernation, the market will experience a significant jump towards the end of winter and beginning of spring.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1172024/snow-in-California.jpg" alt="Snow in California" width="576" height="344" />
Not all of California gets snow during the winter via <a href="https://pxhere.com/ko/photo/393953" target="_blank">Source</a>
Motivated buyers will be out there. You can add more marketing to attract them or add incentives, like price reductions. This can be a great time to use a <a href="https://www.tuscanaproperties.com/sellers/sandy-has-buyers/" target="_blank">realtor’s network of buyers</a>. Even in slow winter months, they could connect you with someone who’s ready to make you an offer - and save you a lot of waiting around.
Just look at the increase in median days on the market from autumn to winter 2023. From September to November, there’s only a three-day increase. Then, in December, five days are added to the median; a huge jump. It was a similar story in 2022
Month of 2023
Median Days on the Market
December
26.0
Get Answers to Your Questions
If you’re still not sure how your own market will react during different seasons, get in touch with us. Our team of realtors can tell you firsthand what to expect.
We also have something called the <a href="https://www.tuscanaproperties.com/sellers/guaranteed-sale-program/" target="_blank">Guaranteed Sale Program</a> - and you’ll want to hear about this. Most home sellers want to move on to their next home, but that can hinge on selling their current one first. We appraise your home, write you a guarantee, and take away that worry.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2024-02-05T10:00:00-07:002024-02-29T11:48:53-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:32350Acting as a Trustee for an Estate in California
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1172024/acting-as-a-trustee-for-an-estate-in-california.jpg" alt="Acting as a Trustee for an estate in California" width="1123" height="794" />
Most people don’t wake up and decide to research the sale of inheritances (specifically homes), but it’s vital. It’s common for savvy homeowners to place their house in something called a trust. If the homeowner passes, the inheritors can avoid the probate process and even save on taxes.
A home in a trust can be sold, but the type of trust matters. Let’s start by talking about the different types of trusts and how each one works.
After that, we’ll talk about how trustees and beneficiaries can sell an inherited home in California. This is a subject our team knows well. We’ve even written a book about selling inherited homes and we’ll happily send a hardcopy to you for free - <a href="https://jamisonteam.book.live/inherited-book" target="_blank">just let us know where to deliver it</a>.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1172024/a-california-home.jpg" alt="California Home" width="576" height="432" />
A California home - via <a href="https://flickr.com/photos/18702768@N04/" target="_blank">David Sawyer</a>
But First - What is a Trust?
During the homeowners lifetime, they can place their home into something called a trust. Why would someone do this?
Trusts provide a way for a homeowner and the creator of the trust (the grantor) to manage assets. With a trust, the grantor can smoothly pass or divide property to their inheritors. This side-steps a lengthy probate process, since the assets can remain under management, even if the original owner has passed on.
A trust is a legal agreement that might manage property, vehicles, valuables, and other assets. However, the trust is a legal entity, not a specific person - so who controls it?
The Role of a Trustee
Rather than leaving it until the last minute, thoughtful homeowners often make plans for inherited property. When a trust is created for this purpose, it's usually managed by a trustee.
This trustee has the duty of managing the assets in the trust, which must be done in the best interest of the beneficiaries. The grantor, who created the trust, can also set guidelines for the trustee to follow.
The trustee has the power to sell the home, or sell the entire contents in an estate sale (as per the trust or will’s guidelines). Our <a href="https://www.tuscanaproperties.com/sellers/guaranteed-sale-program/" target="_blank">Guaranteed Sale Program</a> can provide peace of mind for trustees selling inherited properties. Read more about how we guarantee that your property sells - and the profit it collects.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1172024/an-estate-sale.jpg" alt="Estate Sale Event" width="595" height="446" />
An estate sale going on - via <a href="https://flickr.com/photos/13548221@N04/" target="_blank">jongorey</a><a href="https://flickr.com/photos/13548221@N04/"></a>
A trustee in California has several duties, including:
Duty of Loyalty: Act in the best interest of those who benefit from the trust.
Duty of Impartiality: There must be no favoritism of any beneficiary over another.
Duty to Avoid Conflicts of Interest: Nothing should interfere with the trust’s management, including conflicts of interest that the trustee may have.
Duty of Disclosure of Information: The status of the trust should be known to the beneficiaries.
Duty Not to Delegate: The role of trustee is appointed and can not be handed off to someone else for ease or other reasons.
Duty to Enforce or Defend Claims: Protecting the trust from loss that could arise from claims or suits is another duty of the trustee.
Duty to Keep Trust Assets Separate: No matter what form the trust’s assets take, they should not mix with the trustee’s own assets. The assets belong to the trust, not necessarily to the trustee.
It’s also important to know about the types of trusts that exist.
Revocable (Living) Trust vs. Irrevocable Trust
There are two different kinds of trust that the grantor can create and each will operate differently.
A living trust or revocable trust has terms the creator can change and modify after its formation. This means that beneficiaries can be added or removed by the grantor, or they can change how the assets in the trust are managed.
An irrevocable trust has terms that can’t be changed or modified after its creation, except in the case where beneficiaries give their consent to do so. The trustee assumes control as soon as the trust is created, meaning that they also control the assets within. As a result, the grantor doesn’t own the assets once an irrevocable trust takes effect.
Just so you know, trusts become irrevocable after the grantor has passed away. It will then fall to the trustee to manage and distribute the assets, depending on the trust’s specific guidelines.
Which Trust is the Better Option?
You might have read about revocable and irrevocable trusts and thought that the latter sounded a bit rigid and inconvenient. However, there are two key advantages that an irrevocable trust holds over a revocable one (a living trust).
Tax benefits are the first advantage of an irrevocable trust. While revocable trusts can be subject to estate taxes or be manipulated to pay off debts, irrevocable trusts are not subject to those same pressures.
Assets in an irrevocable trust will be protected from creditors seeking payment of debts or liabilities.
Grantors must decide to prioritize control of the trust or protection from outside expenses.
The Difference Between a Trust and a Will
The first difference between a trust and a will is the timing. A trust takes effect as soon as it is created, whereas a will is active after the one who created it passes.
The second difference affects the probate process. If you or a grantor places a home in a trust, you can avoid the lengthy and expensive <a href="https://www.tuscanaproperties.com/sellers/california-probate-resources/" target="_blank">probate process</a>. A trust is uncontestable and after the grantor is deceased, the trustee and benefactors can avoid probate - which is a huge advantage.
A will can provide a high level of detail when it comes to things trusts can’t control. This could be guardians of minors, funeral procedures, and distribution of anything not placed in a trust.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1172024/example-of-a-will.jpg" alt="Last will and Testament" width="592" height="435" />
An example of a will - via <a href="https://www.flickr.com/photos/195273280@N04/" target="_blank">Cathrine Sæther</a>
How to Sell Inherited Property in a Trust
When it falls to a trustee to <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">sell a home in California</a>, the conditions of the trust are vitally important. In the case of sole benefactors, they now own the home and are free to keep or sell the property.
Sometimes, selling the inherited home makes the most sense.
Imagine a situation where the grantor has multiple adult children with no need to live in their inherited home. In cases like this, selling the home and generating a profit for the beneficiaries might be ideal for everyone involved. The trustee can sell the property and put the gains into the trust, which will now be divided among the benefactors.
You’re in the Right Place for Advice
Whether you are a sole benefactor or one of many, you may want to sell your inherited property and put the proceeds toward other things. The Jamison Team has a lot of experience in this area, they’ve even written <a href="https://jamisonteam.book.live/inherited-book" target="_blank">a free book</a> that covers the entire subject.
<a href="http://www.jamisonbook.com/inherited" target="_blank"><img src="https://lh7-us.googleusercontent.com/k_lB8aPGDx5XLAsDIfsGMvT28-yv4ewpjRxzpzlxQiWwj69eHJeWXsPG78en_yM_NcA2mepY2Q9nzfxTHuAkK5W-odo98J2uo0KJxdALCezSlzs6pOKTjmwfjJhoKbcyx9K23q3Q2nHnIiWuxygweAg" alt="Selling Inherited Homes Book" width="396" height="601" style="display: block; margin-left: auto; margin-right: auto;" /></a>
Current, but more importantly, useful advice for selling inherited homes
A Guide to Selling Your Inherited House is just that; a guide with effective advice from the professional’s perspective. It’s written by one of the top real estate duos in their local county of Santa Clara and the state of California. Would you like a free copy? <a href="https://jamisonteam.book.live/inherited-book" target="_blank">Let us know where to send your edition</a> and you’ll have the blueprints to inherited home sales in no time at all.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2024-01-29T08:45:00-07:002024-02-27T19:31:46-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:32313How Foreclosed Homes Get Sold by Trustee Sale in California<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/how-foreclosed-homes-get-sold-by-trustee-sale-in-california.jpg" alt="How Foreclosed Homes Get Sold by Trustee Sale in California" width="1123" height="794" />
It’s hard to imagine losing a home to foreclosure, but sometimes life throws difficult obstacles your way. These can take the form of medical problems, loss of employment, mismanagement, or other misfortunes. Whether we are prepared or not, the costs can sometimes be beyond our means.
Foreclosing on a home means that the mortgage isn’t being paid and the lenders need to recoup those funds. In a California foreclosure, there’s a Notice of Default first, and then, home owners receive a Notice of Trustee Sale. After that, the home will usually get another owner at auction and finally, the deed is transferred.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/foreclosure-home.jpg" alt="Foreclosure Property" width="594" height="445" />
Foreclosure can be stressful for some - via <a href="https://flickr.com/photos/basicgov/" target="_blank">BasicGov</a><a href="https://flickr.com/photos/basicgov/"></a>
Our guide to trustee sales and foreclosures will explain this process from start to finish.
Who is the Trustee in a Trustee Sale?
You’re right to wonder who the trustee is. This is a person who acts as a neutral third party and does various things for the home. A trustee handles the transition of property when needed. If the mortgage is paid in full, the trustee’s role is to transfer ‌ownership to you and cease involvement. In a foreclosure, they facilitate some parts of the sale and move the title from previous owners to new ones.
Trustees may have connections to the banking system, but they remain a neutral third party - by oath.
How Does a California Trustee Sale Work?
When you sit down and sign a loan, there are terms to meet. Mortgages are no different, except that the payments can be unforgivingly expensive if there’s a loss of income. If this unfortunate circumstance happens, lenders can choose to foreclose.
In California, foreclose laws allow for judicial and non-judicial proceedings, which happen outside of the court system and are much more common in California. Most mortgages include a specific clause that allows lenders to foreclose non–judicially.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/public-home-auction.jpg" alt="Public Home Auction" width="624" height="414" />
A sign for a public home auction - via <a href="https://www.flickr.com/photos/cafemama/" target="_blank">Sarah Gilbert</a>
The Notice of Default
This is a notice sent by your lender, but coming from the Registrar Recorder’s office. The document will show the outstanding amount, including foreclosure fees. Attached, there must be a declaration that says the lender has spoken to you or made reasonable attempts to do so. When a Notice of Default is recorded, you have 90 days to repay the owed amount, which stops the lender from selling your home.
The Notice of Trustee Sale
At this junction, the lender has tried to get payment, failed, and must (attempt) to sell the property. You’ll be sent a Notice of Trustee Sale, which shows when and where your home will be sold. That notice must be posted on your property and also mailed to you. It is also published in local newspapers, one time a week for three weeks. At least 14 days before the sale date, the Notice of Sale also gets sent to the county recorder.
Paying off your loan completely, plus the fees, is one way to get control of the home again. You can also cover the past-due amount, but this has to be done up to five days before the date of the trustee sale. Within the last five days, you would have to pay off the entire loan, plus fees.
If the homeowner pays what they owe, the lender will need to record that in a Notice of Rescission, canceling the sale.
The Trustee Sale (Public Auction)
Just like a <a href="https://www.tuscanaproperties.com/sellers/california-probate-resources/" target="_blank">probate sale</a>, a trustee sale is something that the public can get involved with. Trustee sales are public auctions and the highest bidder is awarded the property.
How do trustee auctions set the opening bid? Usually, it’s equal to the amount of the outstanding loan, interest accrued, attorney fees, and any other fees attached to the property. If nobody matches this bid, the home is purchased by an attorney presiding over it on behalf of the lender.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/people-waiting-at-a-foreclosure-auction.jpg" alt="Bidders waiting at a foreclosure auction event" width="594" height="445" />
People wait at a foreclosure auction via <a href="https://www.flickr.com/photos/sercasey/404294597/in/photostream" target="_blank">source</a><a href="https://www.flickr.com/photos/sercasey/404294597/in/photostream"></a>
Trustee auctions can be postponed, but only three times, and then a new Notice of Sale needs to be delivered.
What happens if the trustee auction is unsuccessful? If the property goes to auction again and the opening bid is not met, that’s called Real Estate Owned or REO. Contrary to popular belief, foreclosed homes are not always worth the price. Often, the price is higher than the home’s value and that might derail the foreclosure sale. California does have a large amount of foreclosed properties though, so there will always be other options.
What happens if the trustee sale is a success? After ‌winning a trustee sale bid, California trustees transfer the deed to the new owner.
Do You Need Help with Foreclosure or Trustee Sales?
We can help you with both sides of this. Whether you are looking at California foreclosure laws from the homeowner’s perspective and trying to retain ownership - or looking into first-time buying at trustee sale. California is unfortunately the 10th most foreclosed state in America, so there’s plenty of choice.
We’ll be able to use our network and find foreclosure lawyers, should you need them. If it’s a home-related question, The Jamison Team has answers.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2024-01-26T11:00:00-07:002024-02-27T19:33:06-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:32247Simple Guide to California Probate Sales<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/simple-guide-to-california-probate-sales.jpg" alt="Simple Guide to California Probate Sales" width="1123" height="794" />
There’s something called a probate sale in real estate. This kind of real estate transaction happens when someone passes on without a will, leaving their home sale under the direction of state laws. Sometimes, there is a will, but it explicitly asks for the property to be sold. There are other causes too, which we’ll discuss more.
The probate sale is meant to handle the estate correctly to pay beneficiaries and heirs. When the sale is completed, any taxes and debts are paid for by the proceeds.
Probate sales are legal in California, though it’s a strict process that differs from a traditional sale in many ways. For starters, the key decision maker in a probate sale is the court. The home isn’t under the owner’s control, and so, the state laws guide the sale.
What is a Probate Sale in Real Estate?
<a href="https://www.tuscanaproperties.com/sellers/california-probate-resources/" target="_blank">California probate</a> sales are state-controlled real estate sales. For whatever reason, the sale of the estate needs to proceed. The most common reason would be someone passing on without leaving any will or instructions. However, probate sales can still happen with a will, if it orders the property to be sold. Another reason is outstanding debt. If a homeowner has sufficient debt, a court may decide that the home sale should go toward paying that debt.
Without the homeowner controlling the sale, the California legal system steps in to make key determinations and rulings.
Courts usually give the authority to sell the home to someone called an executor or administrator.
The Duties of an Executor and Administrator in a Probate Sale
While these two titles (executor and administrator) may sound like two names for the same role, they’re actually quite different from each other.
An executor is named in the will of the homeowner. Their role has been pre-decided by the homeowner in the case of their passing or to settle debts.
The executor’s role in a probate sale:
Get the legal authority to proceed with the sale.
Arrange a professional appraisal of the home.
Market and list the property for sale.
Negotiate and handle offers from buyers.
Handle the closing of the sale.
An administrator is court-appointed, either because there is no will or the executor isn’t available. The executor has similar duties to an administrator, but not identical.
Administrator-specific duties:
Establish that there is no will available.
Identify any heirs or beneficiaries of the deceased.
Seek court approval for major decisions.
Whether an executor or administrator handles the sale, some duties are shared. Both must keep detailed records of the process and note any expenses. They’ll also maintain the home and keep it in good condition until it changes hands to a new owner. Of course, both must also act in good faith. With no direct involvement from the owner, this last duty becomes vital. The executor and administrator must both work toward the best interest of the estate and any beneficiaries.
How is Real Estate Sold in a Probate Sale?
When they’ve gotten the required approval, executors and administrators can put the property up for sale. Establishing a listing price is crucial and should be done by professionals, which is why local realtors are usually called on. If repairs must be done, these expenses will be recorded by the executor or administrator.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/a-remodeling-underway-in-California.jpg" alt="A remodeling underway in California" width="608" height="406" />
A house undergoing some remodeling - via <a href="https://flickr.com/photos/54144402@N03/" target="_blank">Bob Dass</a>
The home is listed and marketed, though the listing may not say anything about it being a probate sale. They’ll work with realtors to ensure that the home sale goes smoothly and profitably.
Buyers can view probate homes and make offers, but here’s where things diverge from the standard home sale process.
No offer can be under 90% of the appraised value (appraised less than 1 year ago).
Courts must be notified once an offer is accepted.
It’s possible to avoid this part by applying for the IAEA (Independent Administration of Estates Act), which gives you more authority over the property and removes some of the court's control.
Estate Auctions
California probate sales auctions can happen on certain properties. They only start if someone is interested in starting bidding at 105% and $500 over the currently accepted offer. If such a person is present at the hearing (which anyone may attend), then the auction part of the sale can start.
The highest bid wins, but only if the number is reasonable. For example, if the offer is $650,000, but someone bids $11,000,000. That number is not reasonable compared to the offer price and the judge is unlikely to allow it.
The winner of the probate sale auction must pay a 10% deposit on the property.
More Important Rules of Probate Sales
On top of what you now know, there are some important points we should share.
The estate's value must be over $166,250 to be eligible for a probate sale.
The first things paid after a probate sale are the debts, liabilities, and taxes.
It’s possible to avoid probate sales by placing properties in trust. This provides constant stewardship of the property.
A Notice of Sale of usually published, unless the representative has full authority of the IAEA, or has been instructed to sell the property via the will.
Want to Ask Us Some Questions?
Oftentimes, it’s easier to get rid of confusion by speaking directly with a professional. Our real estate team in San Jose, Santa Clara, has many of them. Our success rates are higher than average and we’ve been in business for over a decade. We’ll be able to answer all of your probate sale questions and guide you to the next step.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2024-01-17T09:15:00-07:002024-03-01T09:13:42-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:321455 Tips for First-Time Home Sellers in the East Bay<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/5-tips-for-first-time-home-sellers-in-the-east-bay.jpg" alt="5 Tips for First-time Home Sellers" width="1123" height="794" /><br />
Tips for first time home sellers aren’t hard to come by. One or two factors won’t guarantee a successful sale, and thus, the internet is littered with advice.
We’ve organized some of the most helpful tips and staged them here in this article.<br />
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/landscape-view-towards-East-Bay.jpg" alt="Landscape view towards East Bay" width="614" height="409" />
A shot towards the East Bay - via <a href="https://www.flickr.com/photos/mikedish/" target="_blank">Mike D</a>
This real estate transaction should be profitable and stress-free. By working with those who know the market (East Bay or Bay Area realtors), you’ll be poised for value when you sell your home.
A first time <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">home seller</a> will start with the decision and finish with closing. Here are some tips for each step of the way.
1. Decide if Selling Makes Sense and Select an Agent
Pondering passing on a property? Congratulations. Whether or not you sell now or later, it’s good to have the freedom of choice (and knowledge).
That means this entire transaction has to be right for you. There’s got to be a plan in place, with a clear motive. Why are you selling this home and what is your next move? We <a href="https://www.tuscanaproperties.com/sellers/guaranteed-sale-program/" target="_blank">guarantee our client’s sale price</a> ahead of time, so there’s no concern about being empty-handed.
A new job in California might be driving the sale; a valid reason indeed. Whatever the motive, there’s no need to rush, collect less profit, and deny yourself well-deserved equity.
The whole For Sale By Owner (FSBO) vs. Realtor debate might seem like it’s been raging on forever, but there’s less debate than you’d think. <a href="https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics" target="_blank">Studies have shown</a> that sellers often collect far more profit, but not by selling privately.
“FSBOs accounted for 10% of home sales in 2021. The typical FSBO home sold for $225,000 compared to $330,000 for agent-assisted home sales.”
A vital early step for first time home sellers is <a href="https://www.tuscanaproperties.com/blog/choosing-the-right-real-estate-agent-your-key-to-success/" target="_blank">choosing a local realtor</a>.
Don’t outsource this work to someone who is out of touch with the East Bay real estate market. No - this is a job for the locals. You need your property to be in the hands of professionals who understand local property values, trends, and have a proven track record.
(A <a href="https://www.tuscanaproperties.com/about/client-testimonials/" target="_blank">Bay Area realtor’s testimonials</a> can paint a clear picture).
2. Prepare for the Sale
We’ve written countless articles on <a href="https://www.tuscanaproperties.com/sellers/preparing-your-home-to-sell/" target="_blank">preparing homes for sale</a>. This “preparation” ranges from scuff removal to ceiling repairs, so keep your eyes wide. If something seems like an issue to you, the buyers will probably feel twice as strongly about it.
The Basics:
Cosmetic touches and cleanliness go a long way, so don’t take shortcuts. A clean home signals to buyers that the property is maintained and cared for; a feeling you want them to have. It goes without saying that fixtures, faucets, doorknobs, and latches should all be checked as well.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/californian-home-interior.jpg" alt="Californian Home Interior" width="640" height="427" />
A Californian home - <a href="https://flickr.com/photos/mckibbin/" target="_blank">Ryan McKibbin</a>
Repairs:
Some homes need more than a splash of color-matched paint and a manicured garden. The more complex repairs may be hidden away, but home inspections will reveal them. Don’t let a faulty fuse or leaky shower seal ruin your sale. Usually, the costs of those repairs are insignificant compared to the home’s listing price.
Showtime:
Any realtor worth their reputation will arrange a superb showing of your property. Showing and staging properties is basically a science at this point. The right lighting, layout, and decor can swing a buyer’s perspective in the right way. At this step of the process, you’re leading the buyers up to the finish line.
3. Accept Offers from Potential Buyers (or Don’t)
Your realtor’s analysis of the market and the value of your home will produce a listing price. Now, this may not be the same number you end up accepting. Throughout the process of selling your home, conditions might arise and you’ll receive different offers. With each one, you and your agent can evaluate, using their valuable experience in these situations.
By the way - you can reach this step a lot faster by tapping into our <a href="https://www.tuscanaproperties.com/sellers/sandy-has-buyers/" target="_blank">network of buyers</a>.
Even though you’ll get multiple offers, some may offer added benefits, like non-contingencies and such. It’s not just two parties asking for different things - real estate negotiations can be complex and competitive. Again, the realtor (who has been here countless times) will navigate these waters.
During the negotiations, your realtor will seek the home’s maximum value and close the deal at your discretion.
Here’s one of the most valuable tips for first time home sellers: Don’t accept offer based on emotion, especially if a friend or acquaintance wants to buy your home. Treat this as a business transaction and consider what the correct price is - and that’s not necessarily the same as what feels right.
4. Complete Inspections and Appraisals
You may have already conducted your own <a href="https://www.tuscanaproperties.com/blog/the-role-of-inspections-in-the-homebuying-process/" target="_blank">home inspection</a> ahead of time, but buyers will do their own. There may be different specialists who look over appliances, HVAC, foundations, etc.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/inspection-of-large-home-appliances.jpg" alt="Inspection of large appliances" width="624" height="414" />
Larger home appliances require a knowledgeable technician to inspect - via <a href="https://flickr.com/photos/losangelesdistrict/" target="_blank">Los Angeles District USACE</a>
If the agreement depends on some kind of financing, lenders will almost always require an inspection, for simple reasons. To lend against something and determine the value of the loan, there must be an agreed-upon appraisal.
A closing agent may step in at this point and all contingencies will need to be met. A contingency is something that must be rectified before the contract is legally binding. This could include minor or major repairs, among other things.
It is possible, that after all of this, the buyer may ask to renegotiate some aspects of the contract, perhaps, the price itself. If they do not and you have checked off all of the contingencies, you’re almost at the finish line.
5. What to Expect at Closing Time
You’ve almost reached the end, where the first time <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">home sellers</a> efforts will be bearing fruit. There are different fees that both buyer and seller will need to cover, though not always in equal shares. Transfer taxes, wire transfer fees, HOA fees, and various others will be explained by any worthwhile realtor.
The buyer is likely to do a final inspection, which is more of a formality than a strictly enforced contractual agreement. They’ll check that the property is in suitable condition. Since you’ve gone through repairs, inspections, and stagings, that’s almost guaranteed. Home services are canceled and transferred to the new owners, as well as the utilities.
You’ll receive a settlement statement, which both parties can sign. Finances from the sale can be electronically deposited or paid by check.
When you arrive at this point, congratulations! If you’ve just started thinking about selling your East Bay home (or a mid-way through the process), just reach out if you need expert advice. <a href="https://www.tuscanaproperties.com/about/the-jamison-team/"><br /></a>
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2024-01-12T10:00:00-07:002024-02-27T19:40:02-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:319417 Home Selling Mistakes to Avoid in the South Bay<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12132023/7-home-selling-mistakes-to-avoid-in-the-south-bay2.jpg" alt="7 Home Selling Mistakes to Avoid in South Bay CA" width="1123" height="794" />
The South Bay is massive, holding most of Santa Clara County inside its limits. The area stretches from grapes in Morgan Hill wineries and Gilroy’s garlic field, up to the shores of San Francisco Bay. The real estate market is ultra-competitive, which can work for or against home sellers.
There are common home-selling mistakes made around the world, and South Bay sellers make the same missteps. As one of the most expensive places to buy a home, little errors during a sale can become costly.
These are 7 mistakes we’ve distilled for the South Bay home sellers about to list a property.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12132023/downtown-san-jose-street.jpg" alt="Downtown San Jose Street" width="576" height="432" />
Downtown San Jose - via <a href="https://flickr.com/photos/neighborhoods/" target="_blank">Eric Fredericks</a>
The 7 Mistakes South Bay Sellers Need to Avoid
These home-selling errors and mistakes aren’t ordered in any specific way, but don’t miss a single one. Each item on this list can put more money in your pocket after a sale.
Choosing the Wrong Listing Price
Many home sellers accidentally price their property too low, losing out on valuable profit. Home sales often get finalized, and sellers are unaware that they could have collected thousands more.
<a href="https://www.tuscanaproperties.com/blog/whats-important-when-pricing-your-home-for-sale/" target="_blank">Choosing the right listing price</a> is tricky and this is where a realtor in the South Bay will be valuable. Not only are they monitoring the market, they’ve probably seen comparable homes selling recently. They’ll be able to gauge the right figure, considering your home’s features, neighborhood, and several other factors.
There are situations where you might <a href="https://www.tuscanaproperties.com/blog/5-important-factors-for-selling-a-home-quickly/" target="_blank">price a home for a quick sale</a>, but you’ll usually go for maximum value. This doesn’t mean waiting weeks for offers, as long as you choose the right listing price.
Try to Avoid or Cover Up Repairs
This is not one of the biggest home seller mistakes, but it must be mentioned. Anytime you try to avoid repairs during a home sale, you could be breaking your contract with the buyers. On top of that, it’s not the right way to conduct business.
If you have repairs or maintenance that look costly, there are options.
You could ask a local realtor for help from one of their affordable contractors.
Depending on the repair, the buyer might accept some kind of credit and fix it themselves.
If the home isn’t ready to sell, never hide this from potential buyers. It shows no integrity, and also, they will find out. Luckily, many people wouldn’t consider making this mistake. This may be especially true for the beautiful homes in the South Bay since it’s even easier to spot shortcomings.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12132023/fixing-home-wirings.jpg" alt="Fixing Home Wirings" width="576" height="384" />
Don’t skimp on repairs - via <a href="https://flickr.com/photos/30478819@N08/" target="_blank">Marco Verch Professional Photographer</a>
Rushing the Listing Photography
Almost all of your potential buyers will see your listing online, so your photography must be top-notch. Street corner snaps with a 2005-era digital camera or old Motorola are unacceptable home selling mistakes these days. Realtors work with photographers for all of their in-house listings. You’ll see this for yourself anytime you browse listings on a decent real estate site.
Ideal lighting and angles can give your home instant appeal online. The good news is that professional photography is coming down in cost. A couple hundred dollars can pay for your home to be captured beautifully in a single day. For larger properties, inexpensive drones can get stunning aerial shots, which used to require a helicopter with a full tank of gas.
Trying to List and Sell Without an Agent
It can’t be that hard, right? Selling a home isn’t just about listing it and signing a contract. Getting the maximum amount of money for clients means that a realtor has to actively market the home, reach out to their network of buyers, host open houses, and complete many other duties. At the end of the day, all of this salesmanship collects higher sale prices.
A <a href="https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics#:~:text=For%20Sale%20By%20Owner%20(FSBO)%20Statistics&text=The%20typical%20FSBO%20home%20sold,relatives%2C%20or%20neighbors%3A%2028%25" target="_blank">2022 study</a> confirmed this, showing that a typical FSBO home (For Sale By Owner) sold for $225,000. The average price a realtor got was $345,000, which is a huge $120,000 difference. The cost of a realtor’s commission is extremely low compared to the extra profit sellers collect.
But there’s another reason to use an agent - and you probably haven’t heard of this one. Our real estate team has a <a href="https://www.tuscanaproperties.com/sellers/guaranteed-sale-program/" target="_blank">Guaranteed Sale Program</a>. When you list your home, we’ll analyze the value and put that in writing. This means that your home is guaranteed to sell at that price, freeing you up to move into a new property without worry.
Accepting Lower Offers from Friends
It could be your friend, a colleague from the office, or your hairdresser. Anytime you sell a home to someone you know, the emotions could cost you value. With our friends or family, we aren’t going to collect maximum value from our home sale.
The proceeds from your home sale will benefit you and your family, so this is not a time to accept anything lower than full value.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12132023/dont-sign-for-a-lower-asking-price.jpg" alt="Contract Signing" width="575" height="383" />
Don’t sign on the dotted line for a lower asking price, even for friends
Hiring an Inexperienced Agent
A home is the most expensive asset you’re likely to own, so don’t entrust the sale to anyone without enough experience. Nothing less than a professional, and a local one, from the South Bay area. Choose a team that is involved in the community, connected to residents, and in touch with the market.
More experience means a higher listing price, fewer headaches through the entire process, and peace of mind. Forget home selling mistakes, because a pro will guide you through each step and keep you informed.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12132023/what-the-jamison-team-offers.jpg" alt="What The Jamison Team Offers" width="602" height="339" />
See what The Jamison Team offers, compared to others
Not Calculating Home-Selling Costs
One of the most costly mistakes to avoid when selling your home involves the selling costs. Most of the time, your equity will cover these expenses, but don’t be surprised by:
Staging costs.
Closing costs.
Agent commissions.
Home inspection costs.
Seller concessions.
Moving costs (we’ll help you move for free).
Anytime you work with a realtor, a full breakdown of these costs will be shown. Surprises are not part of our customer service, so we’ll always keep you in the loop. Our moving service could even help you get to your new home, completely free of cost. If you want to chat with us about selling your home in the South Bay, we’re just a short message or phone call away.
We’ll be happy to explain some of the latest trends in South Bay and speak about your specific situation.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-12-29T14:30:00-07:002024-02-27T19:42:48-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:31977How to Sell Homes Others Failed To Sell<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Authorify_Blogs/how-to-sell-homes-others-failed-to-sell.jpg" alt="How to Sell Homes Others Failed to Sell" width="1123" height="794" />
Nothing’s worse than listing a home for sale and receiving very few offers. Sometimes, those offers might be too low for you to accept, so the search for a buyer continues.
But hold on a moment; this isn’t the time for waiting around and hoping someone takes a liking to your property. The home’s features are under the microscope, from the siding to the shrubs and the price to the plumbing. One could be an obstacle for potential buyers.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/an-expired-home-sale.jpg" alt="An Expired Home Sale" width="512" height="343" />
Certain strategies can turn around a failed home sale via <a href="https://flickr.com/photos/f2-photography/" target="_blank">source</a>
Homes in California sell after about six weeks. Looking at a specific city, like <a href="https://www.tuscanaproperties.com/campbell/" target="_blank">Campbell</a>, the average days on the market might drop to two weeks.
Some homes go way beyond the average and fail to sell, but realtors have strategies in place. Our team has this down to a science and we’ve put it all into a book - which you can have <a href="https://jamisonteam.book.live/expired-book" target="_blank">delivered for free</a>.
A 3-Step Formula to Sell the Unsellable Homes
The three-step formula you’re about to hear isn’t a standalone cure-all. It is, however, a great starting point for homes in California that fail to sell on the first listing.
#1. Improve your home’s marketing.
If you aren’t seeing much interest in your listing, you’ve got to reevaluate your marketing plan. Photos are the obvious first step and play a vital role in generating curiosity from buyers. If an agent somehow missed marketing opportunities, then your home never got the spotlight it deserved.
#2. Identify the reasons your home isn’t selling.
It’s not always the money. Even if the price is below average, something still could be turning buyers away. You won’t always know the reason, so you could ask friends or <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">realtors</a> what they think. If you haven’t received many offers, marketing and pricing are likely culprits. When potential buyers view the home but lose interest, that points to other problems.
#3. Have a successful staging.
The numbers are incredible when it comes to staged vs unstaged homes. Staged homes can sell for 10-15% more than their unstaged comparables. Beyond extra profit, a well-staged home is more likely to win over your potential buyers. The staging professionals who work with your local realtors have this down to a science.
These three tips are straight out of chapter 16 of our book; How to Sell Homes Others Failed To Sell. <a href="https://jamisonteam.book.live/expired-book" target="_blank">We’ll mail one to you</a>, completely free of charge.
<a href="https://jamisonteam.book.live/expired-book" target="_blank"><img src="https://assets.site-static.com/userfiles/1265/image/Authorify_Books/How-I-Sell-Homes-Others-Failed-To-Sell-Sandy-Jamison.jpg" alt="How to sell others failed to sell Book Cover" width="400" height="400" /><br /></a>
<a href="https://jamisonteam.book.live/expired-book" target="_blank">Key Techniques Real Estate Pros Use to Sell Homes</a>
With those three fundamental tips in the last section, you’re off to a good start. These are a few other ways a good realtor can sell a home that failed to sell - or complete the sale the first time.
Choose the Perfect Listing Price
At the end of the day, <a href="https://www.tuscanaproperties.com/blog/whats-important-when-pricing-your-home-for-sale/" target="_blank">a home’s listing price</a> will always be a top consideration for buyers. Price the home too low, and there go the profits you deserve from the sale. Price the home too high and you might be forced to reduce the price later on.
The great news is, that any competent <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">local realtor</a> has a keen understanding of what sells for what price. The comparable properties are a factor, but so is the current market trend, and upcoming developments. A local realtor knows all three of those things.
Grab Your Buyer’s Attention
Camera quality has never been better, so nobody has an excuse for listing low-quality pictures. Your home has to stand out among nearby listings, or at the very least, meet the same visual standard. If buyers are quickly scrolling through homes, how does yours compare?
These days, it’s inexpensive to get a California home photographed inside and out. Larger homes should have drone shots to capture larger features and overall size, which remains a low-cost operation compared to the listing price (and definitely, compared to helicopter photography).
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/12222023/staged-kitchen-ready-for-listing.jpg" alt="Staged Kitchen" width="800" height="535" />
An immaculate kitchen ready for listing (or staging) via <a href="https://flickr.com/photos/residencessb/" target="_blank">source</a>
Negotiation Strategies that Work
Effective negotiation takes experience and exposure to lots of situations. Understanding a buyer’s motivation can help with the negotiations. For example, some buyers might adore the swimming pool, proximity to schools, or the balcony’s view. Knowing this can be an asset during negotiations when you’re trying to get the most value from your home sale.
Experienced realtors know when to meet in the middle, when to go lower, and when to walk away. In California, the Jamison Team has a proven track record and a higher success rate than other realtors. You should collect our free book on selling homes that failed to sell, which is full of golden real estate advice - at no cost. We’ll mail the free book to you, with no strings attached.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-12-21T12:14:28-07:002024-02-27T19:50:02-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:31577The Importance of Curb Appeal in the Bay Area Housing Market
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/11172023/the-importance-of-curb-appeal-in-the-bay-area-housing-market.jpg" alt="The Importance of Curb Appeal in the Bay Area housing Market" width="1123" height="794" />
In the Bay Area housing market, curb appeal is vital. We’re not only talking about planting a few flowers and cutting the grass; curb appeal is much more than a few cosmetic touches with a green thumb.
The term “curb appeal” makes it sound like beautifying a home for when buyers arrive in front of it, but it starts long before that! Potential buyers will see your home’s curb appeal from the moment they check the listing online.
With the right curb appeal, you could see more interest in your listing and <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">sell faster</a>. You might even generate more profit from the sale, as the value of your property increases with updates or alterations.
In the competitive Bay Area housing market, curb appeal should be a primary focus for sellers trying to maximize their gains.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/11172023/a-home-in-the-Bay-Area.jpg" alt="A home in the Bay Area" width="560" height="359" />
A well-manicured home in the Bay Area via <a href="https://flickr.com/photos/wonderlane/" target="_blank">Wonderlane</a><a href="https://flickr.com/photos/wonderlane/"></a>
The Definition of Curb Appeal (with Examples)
Curb appeal is not an objective art, meaning that everyone will have a perspective on it.
In simple terms:
Curb appeal is the appearance of your home from a potential buyer’s point of view.
Buyers will get their first look at your home’s curb appeal online, but lovely photos aren’t enough to sell a property. Your home also has to have great curb appeal in person.
What Exterior Features Are We Talking About?
When <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">real estate agents</a> talk about curb appeal, they mean anything visible from the street in front of the home.
So, curb appeal includes a lot of different features, including:
Your home’s exterior paint
Wood features like porches, gates, and fences
Windows and molding
Paths and walkways leading to the home
The driveway
The front garden and landscaping
All exterior lighting
Even the curbs should have some curb appeal!
Buyers are going to draw conclusions from what the front of your home looks like. If things look out of order or untidy, they might think the rest of the property will follow the same trend - and that’s bad news for sellers.
What could this property from the Bay Area housing market do to boost its curb appeal?
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/11172023/bay-area-home-in-need-of-a-few-touches.jpg" alt="A Bay Area Home Lacks Curb Appeal" width="576" height="383" />
A Bay Area home in need of a few touches via <a href="https://flickr.com/photos/wonderlane/" target="_blank">Wonderlane</a><a href="https://flickr.com/photos/wonderlane/"></a>
What Does Curb Appeal Give Home Sellers?
Curb appeal goes a long way and can even affect your final listing price. You wouldn’t expect two identical properties to sell for the same price if one has great curb appeal and the other hasn’t cut the law in 2 years.
You’ll see much more interest in your property by maximizing its curb appeal. If you get the home’s exterior looking its best, buyers will be more likely to inquire and attend a staging. Your curb appeal will intrigue buyers, rather than turning them away.
Curb appeal could increase your listing price too. All of that cleaning, maintenance, and updating will increase the value of your home (if done correctly).
To recap, you could sell faster and for more profit if your curb appeal is appealing enough - but how can you do that without spending too much money?
Here’s How to Approach Your Home’s Curb Appeal
The aim is to maximize the visual appeal, and from that, maximize the perceived value. It involves a close look at the property, an assessment, and a question:
How can you take your home from its current state to its most attractive version on a reasonable budget?
You’ll want to have a reasonable <a href="https://www.tuscanaproperties.com/sellers/how-to-sell-a-house-that-didnt-sell/" target="_blank">evaluation of the property</a> so that you can sit down with a realtor and look at the changes you should make.
Curb appeal is just one of the strategies realtors use to sell your home for more money - which is something we’ve written a whole book on! With some of the expert realtor-approved tips in our book, you could make at least $10-$30k more on your home sale (or more on more affluent properties).
Why don’t we send you <a href="https://jamisonteam.book.live/more-money-book" target="_blank">a free copy</a>?
<a href="https://jamisonteam.book.live/more-money-book" target="_blank"><img src="https://assets.site-static.com/userfiles/1265/image/Authorify_Books/How-to-sell-your-home-for-more-money.jpg" alt="How to Sell Your Home for more money book by Bob and Sandy Jamison" width="400" height="400" /></a>
Just one of our many free real estate books
Ways to Quickly Boost Curb Appeal in the Bay Area
Start by checking off basic cleaning before getting into more complex changes. It doesn’t matter how many fine details you improve if the broad strokes aren’t taken care of!
Firstly, the driveway, walkway, side paths, and curb might need some TLC. These areas could use a pressure wash (unless it was done recently), especially if there is oil residue, dirt, or mildew buildup.
Landscaping and lawn maintenance are great ways to boost curb appeal too. There’s no need to make the garden into a botanical paradise, but it should be manicured and tidy. Leave your potential buyers feeling that the landscaping is taken care of and not another task they will inherit from you.
Potted plants and shrubbery can be an inexpensive way to raise your curb appeal. Other less-pricey features like exterior lighting, welcome mats, house numbers, and the mailbox, should be considered.
Larger tasks like house painting and roof maintenance can’t be forgotten about. If there’s a need, get an estimate on how much the work will cost. Chances are, if you spot an issue, it’s going to mean even more to potential buyers.
If you’re selling a property in the Bay Area housing market, get a local realtor to connect you with contractors. Repair costs are higher than in previous years, so getting good value is more important than ever. They’ll be able to get you in contact with professionals doing everything from pressure washing to painting.
Let’s Talk About Your Home’s Curb Appeal
Every property is unique, so it can be tough to know how to boost your home's curb appeal. With the right changes, we can achieve the goal of curb appeal, which is, more profit for the property seller.
The Jamison Team has been serving the Bay Area housing market since 2008, so we’ve got plenty of experience transforming homes from curb-average to curb-appealing (with <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">higher success rates</a> than other agencies).
We’d like to give you our opinion and help you decide which changes are vital (and which ones aren’t worth the extra cost).
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-12-04T10:45:00-07:002024-02-27T20:05:14-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:31420How to Sell Your California Home After a Divorce<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Authorify_Blogs/how-to-sell-your-california-home-after-a-divorce.jpg" alt="How to Sell Your California Home After A Divorce" width="1123" height="794" />
Divorces are already difficult. Dividing your assets and selling your home adds another layer of complexity to this time in your life. Even the most friendly and levelheaded couple will need to be patient through this process.
Despite this, your future self will be thrilled if the divorce sale goes well. When the property has sentimental value to you, like a family home, you need to understand the laws in California regarding divorce sales.
Just so you know, we’ve written a book called Best Selling Options in a Divorce. We’d like to make your divorce sale go smoothly by giving you <a href="http://www.jamisonbook.com/divorce" target="_blank">a free copy</a>.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1172024/divorce-sale.jpg" alt="Divorce Sale" width="563" height="375" />
Let us help you navigate this divorce sale - Image source <a href="https://www.advokatsmart.no/" target="_blank" data-auth="NotApplicable" data-linkindex="2" data-ogsc="">advokatsmart.no</a>
California Laws on Marital Property
In California, the assets or valuables in your possession during a marriage could be considered marital property. This means houses, boats, airplanes, jewelry, antiques, and more.
Monetary assets are also considered marital property under the right circumstances, meaning that investments, patent filings, and bank accounts are included.
The marital property gets designated in one of three ways.
Community Property: If property was purchased or acquired during the marriage by both people, that is community property. Homes likely fall under this term if they were purchased during a marriage.
Separate Property: If you receive something specifically intended for you and not your spouse, that might be a separate property in California. For example, if you inherit a home from your relatives or even gifts and heirlooms, those are likely separate property.
Commingled property: In longer marriages, the line between separate and community property becomes more difficult to see. When separate property becomes mixed with community property, like paying for a spouse's debt using a joint bank account, it sometimes becomes commingled property.
Separate property can transform into something that both spouses have equity in. For example, some homeowners might create a document that makes their home commingled property, rather than the separate property of one spouse.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/2272024/proposal-of-terms-and-conditions-to-a-client.jpg" alt="terms and conditions" width="1000" height="347" />
Let’s see the first steps to take after defining property ownership - credit to <a class="blue science-text js-contributor-link" href="https://stock.adobe.com/ph/contributor/207638988/puwasit-inyavileart?load_type=author&prev_url=detail" data-ingest-clicktype="details-contributor-link" target="_blank" aria-label="Puwasit Inyavileart - open in a new tab" data-uw-rm-ext-link="" uw-rm-external-link-id="https://stock.adobe.com/ph/contributor/207638988/puwasit-inyavileart?load_type=author&prev_url=detail$puwasitinyavileart">Puwasit Inyavileart</a>
First Steps for Selling a Home During a Divorce
You’ve got to start by finding out what kind of property your home is; separate or community?
You might already know the answer, but if you don’t, here are some key indicators.
Check the title.
If the home was purchased during a marriage, it’s likely part of the marital property. If the property was owned by one spouse prior to the marriage, then their name is probably the only one on the title. In most cases, that means they’ll have legal ownership rights in California. Spouses that aren’t on the title can still prove community property by showing the home was bought with certain intentions.
Who pays the mortgage?
When both spouses are making mortgage payments, it makes perfect sense that they should both get some equity in the home. When both spouses contribute, the home is generally considered community property - even if that home was bought before the marriage began.
Once the ownership is clear, it’s time to sort out equitable distribution before selling the home.
If you’re concerned about selling your home but not having another home to move into after, fear not. Our <a href="https://www.tuscanaproperties.com/sellers/guaranteed-sale-program/" target="_blank">Guaranteed Sale Program</a> will make your sale risk-free and give you the peace of mind to move forward.
Your Options for Selling During a Divorce
Divorcing couples in California usually choose one of these two options for <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">selling their home</a>.
When the couple’s home is deemed community property, things are simple. The spouses sell the home to a third party by using a California realtor and divide the equity from the sale. The terms of the divorce settlement will be agreed upon before the sale.
Some spouses might decide to keep living in the house by buying their partner's equity. This is known as a “buy out” and it’s one way that someone can stay in the <a href="https://www.tuscanaproperties.com/sellers/divorce-and-your-home/" target="_blank">home after a divorce</a>.
Depending on how the house is owned
If the home is owned, then one partner pays for the other’s equity.
If the home is mortgaged, then the person who wants to live in the home will have to restructure the loan into their own name.
If you want to hear what two experienced realtors think your best options are, we’ll send you our free book!
Best Selling Options in a Divorce is written by Bob and Sandy Jamison, two of the Bay Area’s top real estate agents and founders of the Jamison Team. They have a wealth of combined experience dealing with divorce sales and getting the most profit possible, even in complex situations.
We’ll send you a free copy of Best Selling Options in a Divorce – just <a href="http://www.jamisonbook.com/divorce" target="_blank">click here to order your free copy.</a>
<a href="http://www.jamisonbook.com/divorce" target="_blank"><img src="https://assets.site-static.com/userfiles/1265/image/Authorify_Books/Best-Selling-Options-In-a-Divorce-Sandy-Jamison.jpg" alt="Best Selling Options Ina Divorce Book by Sandy and Bob Jamison" width="400" height="400" /></a>
Our detailed guide to your options during a divorce sale<a href="http://www.jamisonbook.com/divorce" target="_blank"></a>
Splitting the Home Equity in a Divorce
California splits community property right down the middle in a property division, giving both spouses 50%.
Depending on how agreeable both parties in the divorce are, there are a few different ways to divide the equity. Assets could take the place of equity in the home, and vice versa.
So, if you want to keep more equity in your home, there are ways to exchange other assets to retain more equity in your marital home.
In California, the Moore/Marsden calculation is used to divide property during divorces. The concept is quite logical and it uses several factors, such as:
The home’s market value during marriage and divorce.
The purchase prices of the home.
The principal amount paid during the marriage
The property’s increase in value during the marriage.
When your final equity distribution is calculated, you can start the next steps.
Should You Sell or Choose a Different Option?
Now you’ve reached a very important stage of the divorce sale process.
If you know how much equity you have in the home, what should you do with it?
If there’s been an order to sell the home, then both parties need to cooperate to list, show, and promote the home. You’ll have to select a <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">real estate agent</a> in California and follow the terms of the settlement.
If the residence is a partially separate property, it won’t be an obstacle to selling the home. In this case, the divorced couple can agree to an unequal split that allocates the right amount to each spouse.
If one spouse doesn’t agree to sell the home, the issue might need to go to court for resolution. One party of the deal might disagree for many different reasons; maybe they think the split is unfair or they simply have too much emotional attachment to the home.
We’ll go deeper into this topic in the future, but if you have more questions, our team is here.
The Jamison Team has been selling homes in California and the Bay Area since 2008, helping many divorce sales go smoothly along the way. The team can provide a personalized roadmap for how your divorce sale will likely go and explain some of the costs, plus what you can expect to gain.
Trust us - we’ve literally written a book on your selling options during a divorce. Have you picked up <a href="https://www.tuscanaproperties.com/sellers/our-books/" target="_blank">your free copy</a> yet?
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-11-22T09:00:00-07:002024-02-29T10:37:23-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:30888Tips for Selling an Inherited House | Tuscana Properties<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10242023/selling-an-inherited-or-estate-home-in-CA.jpg" alt="Selling an Inherited or Estate Home in California" width="1123" height="794" />
Selling an Inherited or Estate Home in California
Inheriting a home can come as a surprise, both emotionally and logistically. You might be one of multiple heirs to a property, face title disputes, or need to make repairs before you can even think about selling—all while navigating the loss of a loved one.
Inheriting property comes with a lot of decisions that need to be made. Whether the home is sentimental to you or not, it’s often best to sell the home and collect the financial proceeds. It’s not as straightforward as selling a home that you purchased yourself, but we’re about to guide you smoothly through the process.
Our agency wrote the book on selling inherited homes that will give you all the guidance you need to sell an inherited house. To learn all the tips and tricks about selling an inherited house, <a href="https://jamisonteam.book.live/inherited-book" target="_blank">download your free copy</a> today.
The First Steps of Selling an Inherited Home in California
Selling inherited property in California starts with a probate process that can take 12 to 18 months to wrap up. These two factors are important and can impact the sale of your inherited home: submitting proof of property ownership and the previous owner’s death, and clearing up any outstanding mortgage, taxes, or debts on the property.
Completing The Probate Process in California
If you inherit a home in the state of California, it's not ready to be sold right away. You’ve got to put it through the probate process. Unfortunately, this can be a lengthy step - sometimes taking as much as 18 months, or as little as 12 months. Starting the probate process involves filing the will and a petition for probate, getting a court date, and more.
During the probate process, you’ll have to submit proof of property ownership and the previous owner's certificate of death. Another thing you’ll need to do is clear up any outstanding mortgages on the property, taxes, or debts.
If your loved one didn’t leave a will, the probate process will likely take longer and be a bit more complicated.
Some CA Homes are Exempt from the Probate Process
Not all inherited homes in California are required to go through the probate process. You might find that your home is exempt from the <a href="https://www.tuscanaproperties.com/sellers/california-probate-resources/" target="_blank">California probate</a> process if:
You have a transfer-on-death deed: A transfer-on-death deed gives the owner the chance to transfer the property to a beneficiary upon their passing. File this deed with the county clerk in whichever location is nearest to the property.
You have received a house in trust in California: Ownership can be passed from one owner to a beneficiary by using a property trust. During the owner’s lifetime, the property will function as if they own it themselves.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/2272024/proposal-of-terms-and-conditions-to-a-client.jpg" alt="terms and conditions" width="1000" height="347" />
Are you exempt from the probate process? - credit to By <a class="blue science-text js-contributor-link" href="https://stock.adobe.com/ph/contributor/207638988/puwasit-inyavileart?load_type=author&prev_url=detail" data-ingest-clicktype="details-contributor-link" target="_blank" aria-label="Puwasit Inyavileart - open in a new tab" data-uw-rm-ext-link="" uw-rm-external-link-id="https://stock.adobe.com/ph/contributor/207638988/puwasit-inyavileart?load_type=author&prev_url=detail$puwasitinyavileart">Puwasit Inyavileart</a>
Dealing with a Mortgage on Inherited Assets in California
One of the biggest considerations when it comes to keeping or selling an inherited home in California is what to do about the additional and often unexpected mortgage. Luckily, you do have options here. You can pay off the mortgage on the property you inherit in a few different ways. A real estate attorney can help you understand your rights.
Firstly, you can sell other assets you inherited.
Selling other assets that you inherit could help you pay off the mortgage on inherited homes. Certain items may have significant value, such as vehicles or jewelry, and these items can help you pay off the balance of the mortgage on your inherited home.
Take the mortgage into your own name.
If you choose to, the property’s mortgage can be transferred into your name. You’ll start to handle payments and with each one, your equity in the property will increase. Taking the mortgage and putting it in your name also allows you to handle the debt in smaller portions, rather than needing to pay off the entire amount at once.
Allow the property to foreclose
No matter how much you may want to take on the mortgage yourself, sometimes that just isn’t an option. In California, a mortgage lender can file to foreclose a property if there isn’t anyone willing or able to repay the mortgage.
Deciding what to do with an inherited property is a big decision, and you don’t have to make it on your own—especially when you may be navigating grief and loss at the same time. Discuss all these for what you can do with your inherited mortgage options with <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">a realtor</a>, preferably one who is experienced in selling inherited properties. Since it’s not the same as your average home sale, you want to make sure you’re working with a team that has the right expertise.
Paying Tax on Inherited Property in California
Regardless of what you decide to do with the mortgage on your inherited home, you’ll have to deal with taxes either way. If you want to sell the property, there are some taxes to learn about.
Inheritance Tax
When you legally inherit a property from someone who has passed away, there is a state tax called inheritance tax. Luckily for California, there is no inheritance tax imposed on real
property. Also, inheritance tax isn’t something that applies to the spouse or children of the deceased owner
Taxes when Selling Inherited Properties
While you don’t need to pay inheritance tax in California, there are a few types of taxes that come from selling inherited homes.
Transfer Tax:
Transfer tax is a one-time payment you’ll make when transferring ownership between two parties. In the counties of California, including Santa Clara County, the transfer tax change is 1.10% of the total sale price (paid by the buyer or seller)
Inheritance Property Tax:
The Property tax for inherited homes is slightly lower than the average U.S. tax rate. On inherited homes, the property tax is just 0.71%, while the national average is around 0.99%.
Capital Gains Tax:
This tax is applied to any profits you make from selling inherited property or other assets. It will fall in line with tax brackets of income around California and it’s a tax levied by the IRS.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10182023/traditional-homes-in-california.jpg" alt="Traditional Homes in California" width="560" height="420" />
A few older homes in California via <a href="https://flickr.com/photos/kenlund/" target="_blank">Ken Lund</a>
Side note about Capital Gains tax xxclusion: You can be exempted from the capital gains tax if you have lived in the home for 2 of the last 5 years. Also, you must have not used the capital gains tax exclusion in the last 2 years for any other California property.
Now You Sell Your Inherited Home in California
There are a lot of moving parts when it comes to selling an inherited home, so you don’t want to go through the process by yourself. You can get in contact with a realtor at any point, from the very beginning before the probate process, or after that’s all wrapped up.
<a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">A California realtor</a> will start by discussing your home's value and comparing nearby properties to find the most attractive listing price. Ask for too much, and the property will become a stagnant listing - but asking for too little is just as bad.
Next is the promotion phase, where experienced realtors tap into their network and <a href="https://www.tuscanaproperties.com/blog/how-local-realtors-use-technology-for-success/" target="_blank">use technology</a> to get your home in front of buyers. It’s no time for shortcuts! Your realtor will recommend a professional photographer and staging crew if it’s necessary.
Sometimes, you can skip right through the marketing steps by tapping into an agency's base of buyers. For example, our agency has buyers waiting to make offers on homes. Sometimes, your home won’t even need to be staged before getting an offer from one of our buyers.
Planning to Sell an Inherited Home?
<a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">The Jamison Team</a> is actively buying and selling inherited homes in the California market, and <a href="https://www.tuscanaproperties.com/sellers/sandy-has-buyers/" target="_blank">two of our top realtors</a> have penned an entire novel on this subject - which you can pick up for free. Just tell us <a href="https://jamisonteam.book.live/inherited-book" target="_blank">where to send your copy</a>.
<a href="http://www.jamisonbook.com/inherited" target="_blank"><img src="https://assets.site-static.com/userfiles/1265/image/Authorify_Books/A-guide-to-selling-your-inherited-house-by-bob-and-sandy-jamison.jpg" alt="A Guide To Selling Your Inherited House Book by Bob and Sandy Jamison" width="396" height="601" /></a>
The perfect book for any homeowner selling an inherited property
Sometimes selling inherited homes can be complicated, especially if the equity is divided multiple ways or some inheritors aren’t cooperating. It can be helpful to have knowledgeable people by your side who have already guided others through the process.
If you’re starting out the probate process, we can recommend real estate legal professionals in your area. If you’ve patiently waited and are ready to sell, our buyers might be ready to make you an offer.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.
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// ]]>2023-11-01T09:00:00-07:002024-03-01T09:02:56-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:305298 Essential Tips for Preparing a Home for Sale<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10242023/8-essential-tips-for-preparing-a-home-for-sale.jpg" alt="8 Essential Tips for Preparing a Home for Sale" width="1123" height="794" />
You loved your home, but now it’s time to make the most profit possible when you give it to the next owner. It can be an emotional time and yet, you’ve got to prepare a home for sale to get the benefits you deserve.
Real estate agents can guide you through this whole process and connect you with contractors. For homeowners who want to prepare everything themselves - it’s no small task, but it can be done.
We all know how first impressions work, but the stakes are much higher in the real estate world. It’s not about dazzling prospective homebuyers with decoration or personal touches; the aim is to present a clean property that focuses on the home’s design.
These 8 Tips Need to be Considered When Preparing Your Home for Sale
Once you’ve decided to sell, it’s time to take a look at what your home needs to get ready for staging or walkthroughs from buyers.
Realtors can connect you with professional stagers who have turned preparing a home for sale into an art form. Even if you choose to go down that road, there are still a few things you’ll have to do.
If you are selling a home in Santa Clara County - <a href="https://www.tuscanaproperties.com/sellers/sandy-has-buyers/" target="_blank">we have buyers waiting</a> to make an offer on your property. Before you take the time to prepare your home for sale, check with us.
1. Remove the Personal Element from the Home
Your family photo frames and art are beautiful, but a potential home buyer might not feel the same way. During their first walkthrough, buyers want to use their imagination and see themselves in the spaces.
Make potential buyers feel like the property is a blank canvas for their own lives, not someone else’s home they’ll live in.
De-personalizing is easier than you’d think. A personal touch could be anything, including picture frames, stickers on glass, pieces of art, or even sentimental (but dated) rugs. These things might seem small to you, but to those who want to buy your home, they might hurt your chances of a sale.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/9292023/a-well-lit-interior.jpg" alt="A well lit interior" width="480" height="360" />
A well-lit interior
2. Get Rid of Clutter
This point ties into our last one about de-personalizing the home, but we need to be more specific.
Clutter means anything that doesn’t add value to the appearance of your home, but still takes up space. Clutter and mess is a big “no-no” when you are preparing your home for sale. That isn’t just because the mess looks unattractive - but also because it indicates your home wasn’t very well taken care of.
If your home is cluttered, potential buyers might start assuming that other things could be disorganized as well, such as plumbing, roofing, electrical wiring, and more. Don’t skip this step when you are preparing your home for sale.
3. Check for Replacements or Minor Repairs
Start with the lighting in every room of the home and also, any exterior lighting. After you’ve completed that, it’s a good idea to move from room to room and note any repairs that should be made. Paint peeling from doors, loose cabinet handles or knobs, mildew on window seals - check it all.
Once you’ve done a visual assessment, check the functionality of your home. Do all of your switches work correctly? Do windows open easily or do they need maintenance? Major appliances like HVAC systems, dishwashers, and ovens should also be checked and repaired if needed.
4. Deep Clean Rooms, Closets, and Cabinets
Sweeping and spraying Febreeze is not going to cut it when you are preparing your home for sale. If the property is older, the cleaning will take longer and be more of a factor for potential buyers. A home or apartment that was built recently needs a lot less TLC to meet a buyer’s standards.
If the home is spotless, but grime is lurking inside your cabinets or under the sink, that will be a red flag for potential buyers. You should expect that every part of your property will be looked at during an open house or staging.
<a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">Realtors</a> are connected to cleaners and real estate staging professionals.
5. Eliminate Odors
Most of the time, a deep clean will create a pleasant smell in your home, but not always. Mildew, mold, or pet odors are strong enough to remain - even after the property has been professionally cleaned.
Consult cleaning professionals if you have some unpleasant smells in your home, but don’t try to cover the bad smells with good ones. If potential buyers think that you are masking smells to hide some kind of damage to the property, you might lose the sale or some profit from your asking price.
There’s some debate about which scents work best when preparing your home for sale. Citrus, pine, jasmine, and cinnamon are natural smells that many prospective buyers will appreciate - but don’t over-apply scents. Your home should smell light, fresh, and clean, but avoid making the scents heavy and overbearing.
6. Highlight Key Rooms
Some parts of your home are the selling points, also known as the focal points. For example, a fantastic lobby, floor-to-ceiling windows in the living room, or a spacious kitchen island. Key rooms are often the spaces where buyers will spend most of their time, such as the living room, bedrooms, and kitchens.
Make sure that key spots and key rooms in the property are drawing the attention of potential buyers. Achieve that by using accent art or arranging furniture to pull focus. A nice plant could also draw attention to different parts of the property.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/9292023/good-highligted-space.jpg" alt="Good highlighted space" width="640" height="427" />
A good example of a space that should be highlighted
7. Introduce a Bit of Nature
Don’t put flowers and plants in every room of the house, but instead, place them strategically in key rooms. A vase and bouquet in the kitchen is a lovely touch that also works in living rooms.
If you place flowers or plants around your home, make sure they are healthy! Unhealthy plants might indicate to potential buyers that you aren’t maintaining the home as well as you should be. Even if that isn’t true, it’s not worth the risk. Of course, a professional stager will choose fantastic plants for your home.
8. Check Your Curb Appeal
It’s great if the interior is prepared for sale, but the exterior has to match. From the moment potential buyers park outside your home, they’re evaluating and critiquing it.
Sometimes, a single-family home can benefit from a pressure washing of the driveway and front walkways, but every home is different. If there’s a garden in front of the home, it should be in excellent condition. Dead plants should be replaced, hedges trimmed, and plants pruned.
<a href="https://www.tuscanaproperties.com/about/the-jamison-team/">Local realtors</a> always know several landscaping companies in the area who can complete this kind of work promptly.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/9292023/curb-appeal-of-a-property-in-a-san-jose.jpg" alt="curb appeal of a property in san jose" width="666" height="469" />
Maximize your property’s curb appeal
Let’s Hear Your Questions!
It’s normal to have questions about preparing your home for sale, but you are not alone.
If you want an expert opinion, why not talk to some experts? <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">The Jamison Team</a> is one of the leading real estate agencies serving Santa Clara County in California. After helping their clients buy and sell homes since 2008, they know exactly what makes a property ready for sale.
The Jamison Team will be able to maximize the profit from your home sale and perhaps, find your next dream home. 2023-10-27T10:00:00-07:002023-10-27T10:01:11-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:30596Selling a House in California and Moving Out of State<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1092023/selling-a-house-in-california-and-moving-out-of-state.jpg" alt="Selling a House in California and Moving Out of the State" width="1123" height="794" />
California is known for its picturesque coastlines, iconic landmarks, and dreamy lifestyle. However, the dream doesn’t always last forever. Many California locals get drawn outside the state by more affordable real estate or job opportunities. If you're contemplating selling your California home and moving out of state, you're in the right place. As a team of experienced realtors who have walked countless homeowners through this journey, we share insider tips to make your transition smooth.
Here are several actionable tips to make <a href="https://www.tuscanaproperties.com/blog/things-to-consider-before-selling-your-house/" target="_blank">selling your house</a> in California and moving to a different state easier.
1. Time the Market
Historically, spring is when California house hunters come out in droves. This is usually caused by lovely weather and the fresh start that the season brings. Everyone prepares for the summer selling season to come! If you're reading this in fall or even winter, don't worry!
Each season has its unique perks for sellers. A cozy winter interior or an autumnal backyard can be just as enticing. Know your own market and time the sale right so you can maximize your price. More offers will come across your desk during the spring and summer months in California.
2. Price it Right from Day One
Your home isn't just a building. It is a place where the next family can create memories and live their lives. When selling, focus on price versus your emotions. Overpriced homes tend to linger on the market, making potential buyers suspicious.
Starting with a competitive market analysis, which considers the sale prices of similar homes in your area, ensures you're in the right ballpark. Remember, a fair price is attractive and sparks competitive offers. You’ll receive more offers when pricing your home at a good number. To <a href="https://sdhouseguys.com/sell-my-house-fast-california/" target="_blank">get your California house sold fast</a>, attract as many offers as possible. Selecting an offer with the best terms is easier when you have a handful of others to compare it to.
3. Presentation Matters
We Californians have an innate sense of style and aesthetics. We’re constantly surrounded by natural beauty and iconic architecture. When selling your house, give it the love it deserves. Declutter each room to make spaces appear larger. New homebuyers love space! Consider touching up the paint throughout the interior of your home. Don't forget the power of professional photos. These images can make or break online impressions, which are more crucial than ever in today's digital age.
4. Disclosures When Necessary
From the sunny beaches of SoCal to the misty forests of NorCal, our state's diverse landscape also means varied environmental risks. It's imperative—and legally required—to be upfront about potential hazards like earthquakes, floods, or wildfires. Comprehensive disclosures not only build trust with your buyers but also protect you from post-sale complications or legal tussles.
5. Consider Hiring a Stager
A well-staged home can <a href="https://www.tuscanaproperties.com/blog/how-to-stage-your-home-to-maximize-its-sale-potential/" target="_blank">dramatically increase its perceived value</a>. Stagers have an uncanny ability to transform spaces, highlighting strengths and downplaying any weaknesses. They craft a narrative for potential buyers as they walk through an open house. This helps them envision their lives in the home. While there's an investment involved, the potential ROI in the form of a higher sale price or quicker sale often justifies the cost.
6. Dive Deep into Offers
When that notification chimes indicating a fresh offer on your home, it's easy to get lost in the exhilaration. This is the moment to pop on your analytical hat. The highest offer might blind you at first, but look beyond the dollar figure.
The details of each offer matter! What contingencies are attached? Is their financing solid? Sometimes, an offer with a slightly lower price but a confident path to closing (think cash offers or those with hefty down payments) might be the wiser choice.
7. Plan Ahead
If you are leaving the sunny California shores for new a state, there’s a lot to plan for. Each state offers its own distinct culture, cost structure, and quirks. There’s much more to prepare for than simply hiring a moving company. You can start integrating into a new community before you move from CA.
Start by <a href="https://www.move.org/tips-for-moving-out-of-state/" target="_blank">creating a relocation checklist</a>. Dive into local forums, read up on your new city's local haunts, schools, and parks. Preparing mentally is just as crucial as the physical move. It eases the transition, turning unfamiliar territories into home faster.
8. Navigate the Tax Maze
The words 'capital gains' might sound dreary, but they're crucial to understand when selling your house in California. If your home has appreciated significantly, you're looking at a potential profit. Great, right? Well, before you start planning how to spend or invest it, consult with a tax professional. There are certain exemptions, especially for primary residences, and various tax strategies to consider. This step isn't just about saving money—it's about making informed decisions.
9. Your Realtor: The Golden Key to Success
Your home's sale isn't a solo journey. The realtor you choose can make the difference between a smooth sale and a real estate nightmare. A real estate agent is more than just a middle person—they're your market strategist, negotiator, and emotional support. <a href="https://www.tuscanaproperties.com/" target="_blank">Seek out a realtor who's seasoned in the California market</a>. They should be attuned to your goals, proactive in communication, and always rooting for you.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/962023/california-landscape.jpg" alt="California Landscape" width="743" height="495" />
Moving Out of CA
Saying goodbye to a California home is bittersweet. There are memories attached to every corner. However, as you set forth on this adventure, remember that every end is a new beginning. With the right approach, you can close the chapter of California homeownership smoothly. Sell your home in CA and move out of state without stressing by following these strategies.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-10-16T10:45:00-07:002023-10-17T14:17:47-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:293953 Reasons Homes Fail to Sell + How to Avoid Them<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10112023/3-reasons-homes-fail-to-sell-how-to-avoid-them.jpg" alt="3 Reasons why homes fail to sell and how to avoid them" width="674" height="476" />
These 3 Reasons Can Prevent Homes From Selling
When realtors look at properties that can’t sell, it's usually caused by three main reasons. It's almost guaranteed that one or more of these reasons is to blame.
A <a href="https://www.tuscanaproperties.com/about/sandy-jamison/" target="_blank">San Jose realtor</a> with over 25 years of experience had this to say:
“Most of the time when I talk to a seller, they have at least 1 of the 3 reasons affecting them and causing them not to sell. Sometimes it's 2 or all 3 of the reasons.”
So what are the three reasons home sellers have issues?
Preparation: Getting a home ready for sale is a multi-step process (more about this later)
Price: Overpricing and underpricing are both negative for different reasons
Promotion: Having a perfect property means nothing without a marketing strategy
These are the Three P’s of selling a home. Let’s look closely at each one.
Reason #1: Preparation
By the time <a href="https://www.tuscanaproperties.com/sellers/sandy-has-buyers/" target="_blank">your buyers</a> see your home online, it should already be fully prepared. After the listing is up, nothing should stand in the way of completing the real estate transaction.
<a href="https://www.tuscanaproperties.com/sellers/" target="_blank">Home sellers</a> that skip or rush through the <a href="https://www.tuscanaproperties.com/sellers/12-step-roadmap-to-your-next-destination/" target="_blank">Preparation stage</a> may need help to sell their home.
The Inspection
Have a <a href="https://www.tuscanaproperties.com/blog/the-role-of-inspections-in-the-homebuying-process/" target="_blank">home inspection</a> long before your buyer asks for an inspection. Getting your home professionally checked offers a few advantages.
Firstly, you get a chance to address issues and repairs on your own terms, with your own contractor. Secondly, negotiations go smoother when your home already has an inspection report.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10112023/spectacular-home-in-San-Jose.jpg" alt="Spectacular home in San Jose" width="512" height="512" />
Make sure the home looks spectacular, inside and out
The Staging and Open House
Once the property has a clean bill of health and all repairs are made, it’s time for the next step. You won’t need to show the home to buyers right away, but getting it ready ahead of time is proactive. Homes that have successful stagings or open houses tend to receive more offers.
Some issues with the paint and woodwork might not be flagged as a concern during a <a href="https://www.tuscanaproperties.com/blog/the-role-of-inspections-in-the-homebuying-process/" target="_blank">home inspection</a>, but they will definitely concern your buyers. Check the exterior paintwork, window framing, walkways, lighting, and anything else that a buyer might notice.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10112023/prepping-the-home-for-staging.jpg" alt="Prepping the home for staging" width="512" height="512" />
Spare no expense on cleaning and prepping the home for staging
The interior of the home needs the same attention. Interested buyers tend to focus on the areas that they spend the most time in, like the kitchen, bedrooms, and living rooms. It’s <a href="https://www.tuscanaproperties.com/sellers/27-seller-tips/" target="_blank">important to carefully clean</a> and detail the interior from top to bottom. Scuffs, scratches, and all wear-and-tear need to be taken care of.
Once the home is ready, it’s time for you and <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">your realtor</a> to decide on a listing price.
Reason #2: Price
Pricing a home too high or too low both have destructive results. It’s vital to carefully assess all of the factors that are needed for properly pricing a home.
We’ve got a <a href="https://www.tuscanaproperties.com/blog/whats-important-when-pricing-your-home-for-sale/" target="_blank">guide on pricing homes correctly</a>.
Deciding on the wrong listing price can slow or even prevent a home sale.
Pricing a home too low may not affect the sale, but it can significantly reduce your profit. Offers may flood in, but you’ll minimize your profit.
Pricing a home too high will stop potential buyers from considering your property. The listing might still get attention and a few offers, but there’s a huge risk. If the listing becomes stale and remains on the market for too long, buyers will sense an issue.
“Why isn’t this property sold yet? Are there problems with the home? Is the home over-priced?”
The longer your home stays listed, the less chance the property has of selling for its full listing price. You may need to reduce the price or accept a lower offer.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10112023/comparing-nearby-properties-in-tuscana-properties-listing.jpg" alt="Comparing nearby properties in Tuscana Properties listings" width="634" height="422" />
Comparing nearby properties is one way realtors find the correct listing price
Reason #3: Promotion
If your home is not properly promoted and marketed to buyers, that’s very bad news. It’s almost like opening a new restaurant, but only telling your family about it.
Photography & Video
Homes that are professionally photographed are much more appealing to buyers. The costs are relatively low, especially considering the home’s value. Video walkthroughs are even better for helping a buyer visualize themselves in the spaces. These photos and videos give your home the best possible first impression on potential buyers.
The Listing
<a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">Local realtors</a> use advanced marketing strategies to get your listing in front of buyers. With geo-targeted advertising, your home gets shown to users who are more likely to show interest.
When modern marketing is paired with traditional methods, it's a formidable combo. It might surprise you to know that the tried and true lawn signs and printed material are still very effective for spreading the word.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10112023/The-jamison-team-listings.jpg" alt="The Jamison Team Listings" width="759" height="245" />
Do You Have Questions About Your Home?
If your property is having trouble with one of the three P’s of home selling, get some expert guidance to fix the issue. Being proactive and addressing the problem is the first step.
<a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">Our team of local realtors</a> can help you prepare the property for sale, get inspections, and get it listed in the right places. If you want to know how the process works, <a href="https://www.tuscanaproperties.com/contact/" target="_blank">we are happy to explain</a>.
Connect with a realtor from The Jamison Team quickly!2023-09-13T09:45:00-07:002024-02-08T12:45:17-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:29727How to Stage Your Home to Maximize Its Sale Potential<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/9132023/how-to-stage-your-home-to-maximize-its-sale-potential.jpg" alt="how to stage your home to maximize its sale potential" width="2245" height="1587" />
Here’s How The Best Realtors Stage Their Homes
Whenever you’re selling any kind of home, a “staging” is an important step. It gives interested buyers an opportunity to walk through a property before a sale is finalized. You’ll want to display a well-organized layout and highlight the best features of the home.
Staging is not about decorating your home; it’s about flattering the property in a subtle way and drawing attention to the home’s design.
When ‌home staging is done properly, it boosts the value of your asset and increases the chance you’ll receive your asking price (or more). We’re going to show you the easiest ways to impress potential buyers from the moment they arrive at your home.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture38.jpg" alt="Virtually staged room" width="2048" height="1365" />
This room is virtually staged. Virtual Staging is a cost effective alternative.
Is a Home Staging Worth It?
Realtors will tell you that <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">staged homes tend to sell faster</a>, while also fetching higher prices than homes that aren’t staged. This step in selling your home can seal the deal for your buyer.
Think about the full <a href="https://tuscanaproperties.hifello.com/lp/644a8711c5e05d0018b6dce5" target="_blank">value of your home</a> for a moment.
A question you should ask your realtor is, “Will I be able to collect my home’s full value, without a proper staging?” There are some properties where staging is considered essential.
In a seller’s market, <a href="https://www.tuscanaproperties.com/agent-near-me/" target="_blank">your realtor</a> may conclude that <a href="https://www.tuscanaproperties.com/sellers/27-seller-tips/" target="_blank">staging your home</a> isn’t necessary. When there’s a steady supply of interested buyers for your property, it might be possible to sell the home for the listing price without staging.
But let’s say you manage to get your full asking price, without ‌staging the home. Could you have raised your listing price and potentially gotten more value if you had staged the property?
Your real estate agent will take a look at your property, the <a href="https://www.tuscanaproperties.com/market-data/" target="_blank">current market</a>, and similar listings to determine if you should have a staging or not to sell your home.
3 Tips for Staging a Home The Right Way
Home staging can’t be summed up in one article, but you can’t go wrong by following these fundamental tips.
Everything begins on the outside.
From the moment buyers arrive, the property needs to be looking its best. If something looks wrong or lackluster to you, it will probably look the same for interested buyers.
Ensure that the entrance and pathway leading to it are well-manicured, with all exterior lighting working as it should. Paint whatever needs painting, because that’s inexpensive relative to your home’s value.
Make your property look livable; not “lived in”.
<a href="https://www.tuscanaproperties.com/sellers/benefits-of-staging/" target="_blank">Staging a home</a> ‌involves more than making it look beautiful. You’re trying to show buyers that your property has the potential to become a wonderful place for them and their families to live.
Depersonalize the property. It can be tough for potential buyers to envision themselves living in a home that looks like it’s being lived in already.
To do that, you want to declutter your home and create an emphasis on the layout and design. Furniture and art can remain in the home. You don’t need to stage a bare home, but you should remove personal possessions and knick-knacks.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture39.jpg" alt="Neutral pallet staged room" width="2048" height="1365" />
This room has been staged using a neutral pallet.
Clean like you’ve never cleaned before.
You don’t have to get the scrubbing brushes out yourself, but you should always make sure a home is spotless before ‌staging it. Scuffs on cabinets, residue on windows, grime around kitchen sink handles; you’ve got to remove all of it.
This ties back to depersonalizing the home before <a href="https://www.tuscanaproperties.com/sellers/benefits-of-staging/" target="_blank">a staging</a>. Dirt and scratches are reminders that this was someone else’s home, and worse, someone who didn’t treat it well. Even if it seems minor to you, ‌buyers might not think it is.
Keep pets out of sight and ensure that their hair isn’t hanging around on any surfaces. As lovable as your cats and dogs are, buyers probably don’t want to worry about potential damage or allergens they might leave behind.
Stage Properly and Sell Profitably!
We’re going to cover even more staging tips in our next<a href="https://www.tuscanaproperties.com/blog/" target="_blank"> real estate articles</a>. Hopefully, this quick guide showed you the importance and value of a well-done staging.
If you want to get even more information and ask specific questions about home staging, how about a chat with a realtor?
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture40.jpg" alt="Visit our website for more staging tips" width="1554" height="832" />
Browse the website for other staging tips and guides
Get in touch with realtors of <a href="https://www.tuscanaproperties.com/contact/" target="_blank">The Jamison Team</a>, an agency formed in 2008 out of San Jose, California. They’ve helped hundreds of families buy homes or sell properties (with a 98% success rate, compared to the 70% rate of other agents). They’re deeply familiar with the staging processes for different types of homes.
The Jamison Team can help you decide whether you need a staging, or not, and how to go about it.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-08-31T16:39:00-07:002024-02-08T12:06:43-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:29720When Should a Seller Drop Their Home’s List Price?<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/9132023/when-should-a-seller-drop-their-homes-list-price.jpg" alt="When should a seller drop their homes list price" width="2245" height="1587" />
Why Home Sellers May Consider a Price Reduction
For several reasons, you might be thinking about reducing your home’s listing price. You aren’t alone; one in every ten sellers drop their property’s price at least once.
A price reduction can be normal and necessary, but the way you and your realtor approach it makes a huge difference.
Home sellers play a balancing game; on one side of the scale is the listing price, with <a href="https://www.tuscanaproperties.com/sellers/how-to-sell-a-house-that-didnt-sell/" target="_blank">the time the property is on the market</a> on the other‌. The longer your home stays listed, the less chance you have of receiving the asking price. Even when homes sell within the first week of being listed, there’s just under a 60% probability that the offer meets your listing price.
The moral of the story is, homes that <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">sell quickly</a> have a better chance of selling for their full listing price. Let’s walk through some reasons why a reduction may be necessary and how to go about it.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture26.jpg" alt="Price reduction strategy" width="1280" height="857" />
Has your realtor covered a price reduction strategy?
Signs That You Should Consider Reducing Your Listing Price
Like canaries chirping in a coalmine, there are usually signs that a price reduction is in your best interest.
You’re receiving a very few offers on your property.
When a home’s price doesn’t meet buyer’s expectations for value, that translates into fewer offers. Online listings might be showing steady traffic and viewers, but for some reason, a lack of offers. When the home is priced correctly, the listing views should correlate to proposals from <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">interested buyers</a>.
The low amount of offers is leading to fewer showings.
After the first two weeks, most homes will have fewer showings scheduled by interested buyers. If you notice the number of showings beginning to drop off quickly, it might be an indicator that your listing needs a adjustments or a renewed marketing strategy.
Your home’s listing price is higher than comparable properties.
It’s never been easier to compare prices these days. You can expect your listing to perform poorly if the asking price is out of touch with the market. Part of your <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">real estate agent</a>’s responsibilities include this kind of market research.
You received an appraisal that is lower than your listing price.
You might risk wasting time and resources if your asking price on the listing is higher than an appraisal (either yours or the buyer’s). It’s a good idea to hire your own appraiser so that you’re aware of how interested buyers will evaluate your home.
Realtor Marketing Strategies to Enhance Your Listing
Property pricing is extremely important, but weak marketing can be just as destructive to a listing’s performance. Experienced <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">realtors</a> have marketing tools that will get buyers’ eyes on your listing and increase its value at the same time.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture27.jpg" alt="Photography is a great way to showcase a home" width="1890" height="888" />
Drone photography is a great way to showcase a home.
Professional photography, videos, and virtual tours.
The first time potential buyers see your property, it’s got to be looking top-notch. At the very minimum, most homes are professional photographed. The property might be gorgeous in-person, <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">buyers</a> won’t arrange viewings if the listing isn’t attractive. Some homes can really benefit from a virtual walkthrough or drone footage, especially high value or expansive properties.
Optimized listings in all of the right places.
Making sure your listing satisfies buyers’ curiosities and questions is the first step on the road to an offer on the property. A realtor won’t miss important details, like the home’s best features and a summary of the surrounding area.
Signage in the right places; not randomly placed.
Even though <a href="https://www.tuscanaproperties.com/featured-listings/" target="_blank">real estate listings</a> generate a vast number of leads, For Sale signs can’t be underestimated. Visible signage at the property and in the local neighborhood is inexpensive and effective.
Use feedback from buyers who didn’t make an offer.
Anyone who viewed the listing or went to a showing for your property has helpful insight for you and <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">your realtor</a> - especially if they didn’t make you an offer. A brief questionnaire or discussion might help you isolate the reason your listing is underperforming.
Trusted Price Reduction Strategies to Consider
Whenever you’re considering reducing the price of your listing, discuss your options with your realtor. It’s likely that they’ve already got a strategy in place to optimize your asking price and make it more competitive.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture28.jpg" alt="Sell for their asking price" width="910" height="390" />
Homes that sell quickly are more likely to sell for their asking price
Don’t delay: The old saying “time is money” definitely applies to real estate transactions. Every day that passes, the chance of your home selling for the asking price gets lower and lower. Keep in contact with your realtor and act quickly if you aren’t seeing the offers and interest you expected.
Reduce the price, but only once. Instead of making several reductions, choose a price cut that is significant, but not drastic. The average price cut is about 3-5%, but discuss this with your real estate agent.
Ask your realtor about market trends. What other buyers, sellers, and real estate agents are doing will affect your listing. Your realtor can use their industry connections to align your listing with ‌trends, and make the most profit in the current market climate.
Here’s The Next Step
You might see the signs that a price reduction is in your best interest, but a realtor can tell you with certainty. The good news is, you can easily connect with experienced agents from the comfort of your home.
<a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">The Jamison Team</a> has been helping their clients buy and sell homes in the San Jose area since 2008, though many of the team members have been in real estate for much longer. The firm has a 98% chance of success, compared to 70% with other local agents.
Use their experience if you’re considering a price reduction. Feel free to reach out to The Jamison Team!
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-08-29T12:14:00-07:002024-02-08T12:24:05-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:29757How Local Realtors Use Technology For Success<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/9132023/how-local-realtors-use-technology-for-success.jpg" alt="How local realtors use technology for success" width="2245" height="1587" />
The real estate industry benefited in a big way from increased technology. Transactions became more convenient and secure, but marketing properties got a boost too.
So far, Apple and Samsung haven’t released Robot Realtor prototypes.
Not yet, at least.
Virtual tours using augmented reality sound like something from a sci-fi movie, but it’s a growing trend for property listings. There’s no telling how far this technology will progress, and one day, open houses and stagings might be virtual too.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture48.jpg" alt="Drone footage of a beautiful home" width="1280" height="724" />
Drone footage of a beautiful home Via <a href="https://pixabay.com/photos/real-estate-drone-exterior-mansion-3615617/" target="_blank">Pixabay</a>
Drones have changed the real estate photography industry in a permanent way. In the past, only the most opulent homes had aerial photography, at a significant expense to the home’s seller. Drones brought higher quality photos and lower prices, making it an option for many sellers looking for a visual advantage.
We’re also going to cover the AI and machine learning side of real estate in this article.
Here’s how technology is used in the real estate world and how it changed it (forever).
High-Tech Meets Real Estate
Here are some of the most prevalent forms of technology used in the real estate world.
Online Listings
The first step for many home buyers and sellers is the internet. <a href="https://www.tuscanaproperties.com/featured-listings/" target="_blank">Browsing listings</a> online is much easier than heading down to local offices, plus you get to see far more properties online. Who doesn’t love browsing homes from the living room couch?
It’s also quicker for real estate agencies to get homes listed. This is good news for sellers, who will wait less time getting their property in front of buyers.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture49.jpg" alt="Hundreds of properties listed in Tuscana Properties" width="1335" height="918" />
You can see hundreds of properties without spending much time
Geo-Targeted Marketing Strategies
Rather than choosing a specific website to advertise with, realtors can use a technique called geo-targeted advertising to reach buyers in the right area. This means that customers in specific areas see the ads, but you can also adjust the targeting further. This marketing strategy can filter potential buyers based on things like online presence, demographics, and visitation data.
Realtor Tools
To stay organized and connected to their networks, <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">realtors</a> use a variety of applications and technology. Agencies have streamlined the process of buying and selling real estate with internal workflow tools, something that many other industries also benefit from. The tools create a clear pipeline among staff members and realtors to take transactions from start to finish, eliminating delays and mistakes.
There are also virtual tour software, document signing apps, and customer relationship management programs; all of which allow realtors to ‌be more efficient.
Artificial Intelligence
AI is used for chatbots and virtual assistants on most major real estate websites. The goal is to efficiently answer questions and put them in touch with realtors, but faster than traditional methods.
The other major thing that artificial intelligence can do for realtors is lead management. Software is getting more and more adept at sorting and managing leads and potential clients.
Data (Lots of Data)
<a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">Realtors</a> need to be aware of local market trends to do their jobs successfully for home buyers and sellers. There is a staggering amount of data, both public and private, that can aid realtors.
Machine learning (ML) is the process of teaching a program to recognize data and then use it in some way. When ML is applied to raw real estate data, there’s a lot of actionable info for realtors to use. It’s truly incredible what these programs can (and will) help with.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture50.jpg" alt="Data must be managed and used" width="2048" height="1365" />
Data must be managed and used - Image from <a href="https://depositphotos.com/stock-photos/illustrations" target="_blank">Depositphotos.com</a>
Machine learning can provide realtors with:
Historical sales data analysis
Better customer service
Advanced home pricing
Faster and more precise property searches
AI and machine learning will also contribute more predictive analysis as the technology improves.
Mobile Apps
Realtors can use mobile apps to check property prices, update listings, and connect with clients. There are apps for almost everything! Agents can send documents, review a property’s condition, and even take 3D scans of rooms.
VR and Augmented Reality
Home buyers don’t always need to view the property in person before making an offer. Some studies discovered that upwards of 60% of participants made an offer without visiting the home first. How is that possible?
Studies estimate that listings with virtual tours receive up to 90% more exposure than those that don’t.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Tuscana_Thumbnails_Landscape_16.jpg" alt="Virtual walkthroughs" width="2245" height="1587" />
Virtual walkthroughs will probably become standard practice one day - via Canva
It’s likely that virtual tours and augmented home staging will become increasingly popular and cost effective. As camera technology improves in the future and the process becomes cheaper, many home sellers will elect for virtual tours.
One incredible <a href="https://www.snappr.com/enterprise-blog/the-rise-of-virtual-tours-for-real-estate" target="_blank">study</a> found that the months after the first announcement of COVID-19 (back in 2019) showed a 750% spike in virtual tours.
Secure E-Signing
Certain documents and approvals can be done remotely, thanks to the invention of document e-signing tools. There are standalone apps and browser tools so you can sign documents from your bedroom, living room, or garage; or wherever you craft your best signatures.
You might be wondering, “Are these e-signing apps secure?”
E-signing tools are always encrypted and use digital certificates to authenticate users. There are usually verification methods that a signee must complete before it’s time to sign.
These tools work well on tablets and smartphones since you can more accurately complete your signature.
How Can We Help You?
If you want to know more about advertising strategies, how realtors use data, or other areas of real estate tech; here’s what you can do.
Ask an experienced <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">San Jose realtor</a> directly.
You might not expect this, but realtors will enjoy telling you about the different ways they use technology to buy and sell homes. They’re well aware of the benefits and they understand that tech is a win-win for clients and agents.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-08-28T12:17:00-07:002024-02-28T10:37:58-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:29755How San Jose Realtors Host Successful Open Houses<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/9132023/how-san-jose-realtors-host-successful-open-houses.jpg" alt="How San Jose Realtors Host Successful Open Houses" width="2245" height="1587" />
Even though an open house seems like something that only benefits the buyers, it’s a very important moment for property sellers too.
An open house usually lasts for a few hours and allows any interested buyers to attend. It’s slightly different from ‌<a href="https://www.tuscanaproperties.com/blog/how-to-pull-off-an-expert-home-staging-without-spending-too-much-money/" target="_blank">staging</a>, where potential buyers usually set viewing appointments.
<a href="https://www.tuscanaproperties.com/buyers/resources-for-buyers/" target="_blank">Home buyers</a> get to view the home in its peak condition and decide if it meets their standards. It’s important to remember that homebuyers are not distracted by a few decorations and a few glimmering windows; they’ll be looking at the home’s design and functionality with a careful eye. An offer depends on a successful open house.
<a href="https://www.tuscanaproperties.com/sellers/" target="_blank">Home sellers</a> need to justify their listing price and get the most value from their property; an open house does both. Compared to the total value of the home, paying for a professional staging and open house costs pennies on the dollar. It’s more than just a deep clean; it's ‌an extremely important presentation.
Let’s go through the steps of an open house so that you know what to expect.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture45.jpg" alt="Open houses should be welcoming" width="1536" height="1152" />
Open houses should be warm and welcoming
Step 1: Prepare the Property
An open house needs to present the property in a decluttered and comfortable manner, without looking as if anyone lives in the home. The aim is depersonalization, not decoration.
Obviously, any problems with the home or small repairs should already be finished before planning an open house.
Don’t forget the value of <a href="https://www.tuscanaproperties.com/blog/does-nice-curb-appeal-add-that-much-value-to-your-property/" target="_blank">curb appeal</a>. Make the exterior as warm and approachable as possible.
Buyers will be more reluctant to purchase homes that look lived-in and customized to the previous owner’s style. Balance minimalism with a comfortable arrangement of furniture that matches the home’s design.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture46.jpg" alt="Showcase potential with an open home" width="400" height="400" />
Showcase potential with an open home
For the seller of the property, it’s worth taking the time to get familiar with specific details about the home. During an open house, the property owner (or representative) should be present to answer questions and warmly welcome guests. <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">A real estate agent</a> can also stand in and show the best features of the home. They’ve got the benefit of experience and they’ve guided potential buyers through this process many times.
Step 2: Targeted Advertising
Advertising an open house begins with high-quality photos and even video walkthroughs. The time of potential buyers is valuable, and like most of us, it can be in short supply. That’s why the first promotions that buyers see must have fantastic imagery.
<a href="https://www.tuscanaproperties.com/blog/increase-your-homes-screen-appeal/" target="_blank">Screen appeal</a> is more important than ever and buyers expect professional images for listed properties.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Invoice_2__3/Picture47.jpg" alt="lighting nd composition is important in photography" width="1742" height="770" />
Lighting and composition are extremely important for home photography
Not all advertising is done on websites or with printed promotions. <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">A realtor</a> keeps a large network of private and corporate homebuyers who are waiting to hear about new listings. They may require a staging or open house, but they also might not want that delay. That means sellers might be able to get offers very early in the process through a realtor’s business network.
Digital advertising is only effective if it's targeted properly. Realtors already understand which avenues to take and which aren’t worth the time. They’ll use relevant social media platforms and email marketing to connect with potential open house guests.
The MLS listings can be updated to let viewers know about open houses. Once your listing spreads to other real estate sites, lots of potential buyers will get notified about the open house.
Signage in the local area has always been a tried and true advertising technique, even while digital methods surge in popularity. The signs around the home will direct guests to your open house and maybe attract a few new attendees.
Step 3: Collect Valuable Contact Details
When the property’s best features are displayed and the home looks perfect, its bound to get open house guests interested. Realtors and homeowners use several methods to collect contact information from guests without being confrontational or pushy.
Sign-in Sheets: Simplicity is the name of the game! Attendees shouldn’t have to fill out their entire life story, just a few details like name, email, and phone number are enough. This sign-in sheet is usually beside the main entrance to the property.
Handheld Sign-in: Some open houses use a combination of paper sign-in sheets and digital ones, usually on a handheld device. For some guests, this digital option will be more familiar. It will be much easier to move contact details into other workflow programs with a digital sign-in option.
Listing RSVPs: Realtors use specialized widgets so that anyone who views a listing can register to attend the open house.
Get More Insider Real Estate Tips (From the Pros)
<a href="https://www.tuscanaproperties.com/sellers/" target="_blank">Home sellers</a> aren’t alone in this complicated process; realtors can significantly reduce the time and effort it takes to get the full value from your home. In the San Jose area, including the rest of Santa Clara County, there’s one team with an above-average track record.
<a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">The Jamison Team</a> has proven success in <a href="https://www.tuscanaproperties.com/sellers/can-you-tell-how-many-homes-a-realtor-has-sold-sellers/" target="_blank">buying and selling property</a>. Since forming the agency in 2008, Sandy and Bob Jamison have built up <a href="https://www.tuscanaproperties.com/about/client-testimonials/" target="_blank">a long list of happy clients</a>.
They might have <a href="https://www.tuscanaproperties.com/sellers/sandy-has-buyers/" target="_blank">buyers waiting to make you an offer</a>, which could save you valuable time.
Whatever you need help with, you won’t feel any pressure from The Jamison Team. You can reach out to them knowing that they won’t be steering you in the wrong direction.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-08-28T11:43:00-07:002024-02-06T10:44:45-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:29362Ways Home Sellers Avoid Losing ProfitWays Home Sellers Avoid Losing Profit
Real estate transactions are complex. If <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">home sellers in San Jose</a> aren’t wary of the countless pitfalls, they may lose some or all of their profit. Each step of the process, from preparing the home, to marketing and staging it, has potential for profit gains and losses.
There’s good news.
There’s never been more access to information in all of human history. We’ve distilled expert <a href="https://www.tuscanaproperties.com/blog/how-to-sell-your-home-like-a-pro-in-san-jose-learn-the-secrets/" target="_blank">home-selling strategies</a> into this article, which will take most readers less than 5 minutes to finish.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10312023/ways-home-sellers-avoid-losing-profit.jpg" alt="Ways home sellers avoid losing profit" width="808" height="571" />
Read this guide for fundamental profit-increasing strategies
Sell Using a Local Realtor
Connecting with a local realtor brings several advantages. With decades of experience and knowledge of the local market, realtors are poised to get maximum value for clients.
Our team has written <a href="https://www.tuscanaproperties.com/blog/5-benefits-of-choosing-a-local-san-jose-realtor/" target="_blank">a more detailed article</a> on this subject. Let’s sum up the main reasons.
Realtors offer:
Intimate knowledge about San Jose’s real estate market
Awareness of local laws and regulations
A faster process from start to finish
Personalized support, without delay
Expert negotiation
Local realtors know what it takes to buy and <a href="https://www.tuscanaproperties.com/blog/how-to-sell-your-home-like-a-pro-in-san-jose-learn-the-secrets/" target="_blank">sell homes</a> in their communities. Technology has only added to the advantages. Real estate agents now wield advanced marketing tools, workflow programs, and local property data to optimize the home-selling process.
The faster that <a href="https://www.tuscanaproperties.com/sellers/can-you-tell-how-many-homes-a-realtor-has-sold-sellers/" target="_blank">a home sells</a>, the more likely it is that the seller receives their acting price. There’s a real incentive to move the process along quickly. Properties that linger on the market sometimes accept lower offers and lose profit after price reductions.<img src="https://assets.site-static.com/userfiles/1265/image/blogs_updated/4_2.jpg" alt=" " width="1457" height="640" />
Get peace of mind from The Jamison Team’s home sale guarantee
Get Your Home Inspected Ahead of Time
A home inspection is an inevitable part of the home-selling process, but some owners leave it too late. If you wait for the potential buyer to prompt you, valuable time and negotiating power can be lost.
Instead of waiting until talks are underway with your potential buyer, have the inspection done ahead of time. Paying $1000 for an inspection before you begin negotiating will make you aware of all potential issues and repairs you’ll need to make.
If you decide to wait and get the home inspected later, the buyer will be privy to the result and repairs you need to make. It’s best to get everything sorted <a href="https://www.tuscanaproperties.com/blog/top-7-things-to-do-before-listing-your-home/" target="_blank">before you involve buyers</a>. If there are problems, you can choose the contractor that suits your budget, at a time that suits your schedule.
Market Your Home Properly
Modern realtors use modern marketing techniques. Listing sites have made reaching an audience of buyers easier, especially with geo-targeted advertising. With this style, your listing reaches users based on their web habits and location, which is much more effective.
Realtors can use their existing web presence, like websites and <a href="https://www.tuscanaproperties.com/blog/">blogs</a>, to get exposure for listings. Social media sites also give valuable exposure, especially for established real estate agencies with a significant web presence.
Choose a Correct Listing Price
The amount of profit a seller can net from their home depends on <a href="https://www.tuscanaproperties.com/blog/whats-important-when-pricing-your-home-for-sale/" target="_blank">choosing the correct listing price</a>.
There's a fine balance that realtors seek when calculating a home’s listing price.
<a href="https://www.tuscanaproperties.com/sellers/27-seller-tips/" target="_blank">Pricing a home</a> above its real value can delay the sale, drive away potential buyers, and ultimately cost the homeowner a profit.
Pricing a home below its value is just as bad of a result. The property will receive no shortage of offers, but profit will be lost when the dust settles and the transaction finishes.
<a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">Realtors</a> use contributing factors to judge the <a href="https://www.tuscanaproperties.com/blog/whats-important-when-pricing-your-home-for-sale/" target="_blank">best possible listing price</a>.
Some of these factors are:
Comparable properties in close proximity to the home
The market trends for the neighborhood and surrounding area
The supply and demand of nearby properties
The home’s quality and amenities
Unique features such as swimming pools, guest houses, etc.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10312023/which-home-is-likely-need-repairs.jpg" alt="which home is likely need repairs" width="614" height="461" /><br /> Which home is more likely to need repairs? Via Wikimedia Commons (Credit Matthew T Rader)
Prepare the Home for Staging
Staging can give a big boost to a listing and give buyers the final push they need to commit. The National Association of Realtors did a study and found that 82% of realtors said their clients could better visualize ‌staged properties as their own homes.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10312023/a-well-lit-interior.jpg" alt="A well lit interior" width="480" height="360" />
A well-staged home - via <a href="https://flickr.com/photos/realestaging/" target="_blank">Real Estaging</a>
That’s a very important part of <a href="https://www.tuscanaproperties.com/blog/how-to-sell-your-home-like-a-pro-in-san-jose-learn-the-secrets/" target="_blank">successfully selling a home</a>. Creating a connection between your buyer and the property is essential for getting maximum profit from selling your home.
Staging a home increases the perception of value. It’s about much more than deep cleaning; the property must be presented in a specific manner. Instead of showing a lived-in home, potential buyers would much rather see the spaces and design highlighted (not decorations or clutter).
Consider Every Offer and Don’t Get Greedy
Some <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">home sellers</a> receive offers, but they hesitate to take them, thinking that there may be higher offers in the future. Properties almost always receive the bulk of their offers within the first few weeks after listing.
If the offer is reasonable, you should give it fair consideration. The longer your home stays on the market, the less likely it is that it fetches the <a href="https://www.tuscanaproperties.com/blog/whats-important-when-pricing-your-home-for-sale/" target="_blank">full listing price</a>. After the home has been listed for several weeks, savvy buyers understand that the seller is struggling. You’ll receive even lower offers, which might be less than some of the offers you had in the first week.
This is another place where <a href="https://www.tuscanaproperties.com/contact/" target="_blank">a realtor’s advice</a> can steer you away from losing profit. They’ll be able to use their listing and negotiating experience to determine which offers make sense in your situation.
Do You Have Questions About Closing Costs?
Closing costs can also affect the amount of profit made on a real estate transaction. Get in touch with our experienced realtors to find out more about these closing costs and everything else real estate related.
Talk with an <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">expert realtor</a> ‌today and they’ll help you take the next steps to sell your San Jose or Santa Clara County property. It’s a complex process, so start with a no-obligation discussion with our team first.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-08-17T13:28:00-07:002024-02-28T10:53:43-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:28015Things to Consider Before Selling Your House <img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1032023/Things-to-Consider-Before-Selling-Your-House.jpg" alt="Things to consider before selling your house" width="875" height="584" />
Since the pandemic, many people have started <a href="https://www.tuscanaproperties.com/sellers/can-you-tell-how-many-homes-a-realtor-has-sold-sellers/" target="_blank">selling their homes</a> due to the market gaining traction. Those homeowners that sold their homes were able to make a profit due to the urgent need.
While selling your home may seem like an easy decision if you’re able to potentially make a profit, there’s a lot that goes into the final decision. You’ll want to take a list of things into consideration before putting your home on the market.
If you’re in the process of choosing whether or not to sell your home, evaluate these things before adding a “for sale” sign to your front yard.
#1 Financial Considerations
If you’re currently struggling to manage the upkeep of your home, especially financially, you’ll want to weigh all of your options before selling it. Even if you’re unsure of what decision you’ll make, talk to a real estate professional to get a feel for what the selling process would be like. It’s also smart to review the current housing market in your area. This will help to determine how much you could <a href="https://www.hgtv.com/design/decorating/design-101/10-best-kept-secrets-for-selling-your-home" target="_blank">sell your house</a> for and also give you an idea of whether you can make a profit or not.
A realtor can also help you decide whether or not now is a good time to sell. They will have an idea of what’s selling in the area and if house sales are worth the stress. They can also provide you with information on how much you’ll have to pay a realtor if you use their services. Additionally, you can reach out to an attorney for additional costs on how much you would owe for their time. Gathering these costs beforehand will give you an idea of how much you will have to pay at closing. While you may get a check for closing on your house, you’ll have to pay realtor and attorney fees.
#2 Remodel or Relocate
Whether you’re expanding your family and need extra bedrooms, or want to have extra space for guests to stay, you’ll want to determine if you should buy a larger home or consider expanding your current home. No matter what the reason is that you need more space, determine which option would be best for you both financially and realistically. If you have the space and capacity to add to your home, this would save you from the hassle of having to sell it and move out.
If you’re unable to expand your current home, your best option is to buy something larger that offers what you’re looking for. Create a list of your requirements such as how many bedrooms and bathrooms, garage size, and any other wants and needs that would make a new home worth it. Once that list is created, this will give you an idea of how much you’ll be spending on a new home and <a href="https://www.rocketmortgage.com/learn/how-much-house-can-i-afford" target="_blank">what mortgage you can afford</a>. This will allow you to make a budget to fit your lifestyle.
#3 Location, Location, Location
Do you currently live in a location that you love, or are you in an area that you would be okay leaving? Based on your thoughts, this will also be a determination of your final decision before selling your home. If you currently live in an area that has a high-sell rate for houses, it may be worth selling yours as well. If you can make that higher profit that will benefit you when it comes to buying a newer home, it’s definitely something to consider.
<a href="https://www.tuscanaproperties.com/sellers/12-step-roadmap-to-your-next-destination/" target="_blank">Moving to a new location</a> due to work or wanting to move closer to family could be another reason to consider selling your home. If you’re relocating for work, make sure that you work closely with your company to receive your relocation package if offered. This will help to cover any costs or a short-term rental while you look for a new home. If you have to move on short notice, see if your company would be willing to cover your current mortgage until new homeowners move in.
#4 Including Your Family On The Decision
Making the final call and choosing to move or stay in your home can be a hard decision for homeowners, especially if you’re parents. If you’re considering moving your family to a new home, there is a lot to take into consideration. Including your kids in the decision can help you to You may have to consider the following:
Do we need to change schools?
Will the kids get their own rooms?
Will repairs need to be done to a new home? If so, is it safe for our family?
Keeping an open dialogue with your kids about this decision will benefit you all and make them feel like they’re a part of this life change. It can also teach them how to handle change if that happens, or<a href="https://www.planetspark.in/blogs/how-to-teach-decision-making-skills-to-young-kids" target="_blank"> how big decisions</a> are made. You could give them a couple of different options and they can learn to outweigh them or make a pro/con list.
Making The Final Decision
Determining whether or not to sell your home can be a tough decision to make. Your current financial circumstances, the size of your home, and the location are all determining factors to consider before putting your home on the market. If you ever have questions about how you should go about the process, work closely with a <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">The Jamison Team</a> to help you come to your final decision. Realtors will work closely with you and will help you sell your house to the best buyer and someone willing to make it their next home.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-06-29T08:56:09-07:002024-02-08T12:40:39-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:277515 Ways to Market Your Home for a Quick Sale
Mortgage rates are finally on the decline, and federal interest rates are leveling out. As a result, it's an excellent time to both buy and sell a home. Many homeowners are taking advantage of this shift and putting their properties on the market with the intent to upgrade.
With that said, moving into a new home before you've sold the old one can be a stressful experience. Even in a buyer's market, many homeowners fear that their home won't sell as quickly as they'd like it to. Plus, many homeowners hope to hasten the sale of their home for financial reasons, or even just to optimize their time.
Luckily, there are several things that all homeowners can do to market their property and expedite its sale. We've created this blog to share our realtors' top tips for selling your home quickly in the current market. Keep reading to learn how to market your house efficiently and begin your fantastic new life.
Selling quickly doesn’t always mean reducing your profit.
Why Do People Want To Sell Their Homes Quickly?
Some homeowners feel that their time is more important than fetching the maximum asking price on a home. Other homeowners might choose to market a home for a quick sale when they want flexibility or the ability to buy another property. In many cases, homeowners simply find the process stressful and want to put it behind them as efficiently as they can.
There are countless other reasons, including career loss, <a href="https://www.tuscanaproperties.com/sellers/divorce-and-your-home/" target="_blank">divorce</a>, overseas job opportunities, and more. Here are 5 of the most important factors to be aware of when you <a href="https://www.tuscanaproperties.com/marketing-your-home/">market your home.</a>
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1052023/5-Important-Factors-for-Selling-a-Home-Quickly.jpg" alt="5 Important factors for selling a home quickly" width="656" height="438" />
Selling quickly doesn’t always mean reducing your profit
There are many reasons why homeowners sometimes try to sell their property quickly.
Here are 5 of the most important factors to be aware of when you <a href="https://www.tuscanaproperties.com/marketing-your-home/" target="_blank">market your home</a>.
1. Choose the Perfect Asking Price
<a href="https://www.tuscanaproperties.com/pricing-your-home/" target="_blank">Selecting the right asking price</a> isn’t easy and there are several factors that should influence your choice.
Trends in your <a href="https://www.tuscanaproperties.com/free-market-analysis/" target="_blank">local market</a> are very important. Your real estate agent with help you compare your property to similar properties in your neighborhood. Comparable homes must be nearby, with a similar size and features. Look at comparable homes that are still listed, but also the ones that have recently sold.
For example, let’s say you’re selling a 2-story home in <a href="https://www.tuscanaproperties.com/homes-for-sale-in-central-san-jose/" target="_blank">Central San Jose</a> with a basement and garage. You check the local listings in close proximity to your home and see 4 comparable properties, listed between $600,000 and $700,000.
Assuming that your home has similar livable/usable space and features, it would be smart of you to <a href="https://www.tuscanaproperties.com/pricing-your-home/" target="_blank">choose a price</a> that is relative to the comparable properties.
Your realtor will also factor in other market considerations to ensure the asking price is fair and competitive, such as:
Public transportation in the area
Job opportunities
Access to sports centers, gyms, parks, and other recreation spots
Nearby schools
A home in a highly-rated school district can often fetch a higher asking price than a similar property in a less desirable school district. Likewise, the closer your home is to public transportation, the more desirable it will be for commuters. You can use these features to your advantage to market your home for quick sale.
2. Take Great Photos and Videos for Buyers
Human beings shop with their eyes, and first impressions make a huge difference. This goes double when considering a major, life-changing purchase such as a new home.
Thus, when a homeowner wants to <a href="https://www.tuscanaproperties.com/sellers/">sell their home</a> quickly, they need to have attractive photos and videos of the property. Great images create a higher perceived value especially if other listings in your neighborhood feature lower-quality images with poor staging and few interactive elements. An attractive image can sometimes be the deciding factor for individuals choosing between two properties. Make sure potential buyers have a good understanding of the layout and features before they walk through the door. Oone of the best ways to speed up the process for interested buyers is to showcase the home professionally online. Virtual walkthroughs are becoming more standard for real estate listings, especially for affluent properties.
Walkthroughs provide potential buyers with the opportunity to take a leisurely, personalized tour of your home. Virtual walkthroughs also allow distant buyers to tour the home, which can help facilitate sales from afar. The more people who can see your property in a positive light, the quick it will sell.
Selling your home quickly often means investing in high-quality videography or photography services at the outset. If you value your time, this investment is often worthwhile.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1052023/listing-photos.jpg" alt="listing photos of Tuscana Properties" width="871" height="391" style="text-align: center;" />
Photos should be well-lit and show as much of the home as possible
3. Get the Home in Tip-Top Shape
If you want to sell a home quickly, a cursory vacuum and wipedown of the kitchen won't be enough. Remember, this is one of the largest transactions you’ll make during your lifetime, so this home-cleaning is worth more than ever.
Get rid of scuffs, scrapes, cracks, chips, and anything else your buyer might not like to see. A lot of these marks aren’t as difficult to remove as you may think.
Spend enough time cleaning (and refurbishing) to get your property as close to a brand-new state as possible. if time, materials, or ability is a concern, consider bringing in a team of professional cleaners to get your house ready for visitors. This one-time investment can transform a potential buyer's first impression of your home.
Staging is also a critical element that can contribute to a quicker sale. Remember to depersonalize the home as much as possible. Highlight the layout and design of the home, but never try to adorn it with personal possessions and decorations.
Buyers want to be able to move into homes that don’t feel overly lived-in. When they tour the property, they should be able to imagine themselves living there. If they cannot see themselves in the space due to the distracting decor, they will often pass on the property outright.
Realtors know what it takes to <a href="https://www.tuscanaproperties.com/showing-your-home/" target="_blank">stage homes</a> and they’ve got plenty of connections to contractors and cleaning professionals.
4. Selectively Renovate (or Update) Key Areas
Not all renovations give you a 1-to-1 return on your money, but certain renovations can make your home more attractive to buyers (and help it sell quickly).
You might not have to renovate, but don’t hesitate to repaint rooms or replace lighting, faucets, and other decor. Relative to your asking price, these small updates will go a long way and improve your home’s appeal to buyers.
Prioritize any features of your home that could lead to future repairs. That means leaking taps, unreliable door locks, rusted piping, clogged drain pipes, and anything else that buyers will need to fix in the near future.
During a tour, realtors will be able to point out these new and updated features to potential buyers and use them as attractive selling points. Buyers like knowing that they won't need to invest time or money into such renovations themselves. It makes them feel as if they are getting more value for their money. As a result, these small but significant changes can expedite a home sale.
5. Realtors Have Buyers Waiting for Your Listing
You might be able to expedite selling your home by tapping into a realtor’s network of <a href="https://www.tuscanaproperties.com/sellers/sandy-has-buyers/" target="_blank">homebuyers</a>.
Individuals and corporations sometimes ask real estate agents to let them know about properties before they hit the market. You might be able to save time and negotiate a fair price for your home, without listing the property. Some buyers may offer you <a href="https://www.tuscanaproperties.com/cash-offer/" target="_blank">cash for your property</a>. This can speed up your sale and make it more lucrative, which is a bonus for every party involved.
<a href="https://www.tuscanaproperties.com/sellers/sandy-has-buyers/" target="_blank">The Jamison Team</a> has over 20000 buyers-in-waiting and one of them may make you an offer. They can use their network of homebuyers and potentially sell your property without listing it on the open market.
The Jamison Team has been buying and selling homes in Santa Clara County since 2008. If you need to sell a home quickly in San Jose or the Silicon Valley, contact the team for a no-obligation chat about your property.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-06-19T15:06:39-07:002024-03-08T18:05:53-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:27746What’s Important When Pricing Your Home for Sale?Factors to Consider if Pricing Your Home for Sale
<a href="https://www.tuscanaproperties.com/sellers/can-you-tell-how-many-homes-a-realtor-has-sold-sellers/" target="_blank">If you’re selling your home</a>, you’ve got to avoid incorrectly pricing your home.
Choosing the wrong price can do several (bad) things to your listing.
Your listing will stay on the market longer.
If you overprice your home, you will receive fewer offers.
If you underprice your home, you might lose valuable profit, despite lots of offers.
Homes that remain listed longer, generally have a lower chance of selling for their asking price. By analyzing the local market and checking comparable listings with a realtor, you’ve got a much better chance of maximizing the value of your home.
It’s in your best interest to <a href="https://tuscanaproperties.hifello.com/lp/644a8711c5e05d0018b6dce5">price a home correctly</a>, not only for a quick sale, but also so that you collect the most profit from your home.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10312023/whats-important-when-pricing-your-home-for-sale.jpg" alt="What's important when pricing your home for sale" width="613" height="408" />
Many factors influence your final listing price
5 Factors You Need to Consider When Pricing a Home
We’ve distilled five main factors that you can use to determine the correct listing price. A <a href="https://www.tuscanaproperties.com/" target="_blank">local realtor</a> will examine numerous other factors, but this is a great starting point.
1. Comparable Local Listings in the Neighborhood
You need to check the listing prices of homes in the nearby area. That goes for homes that <a href="https://www.tuscanaproperties.com/recently-sold/" target="_blank">recently sold</a>, as well as the ones that are <a href="https://www.tuscanaproperties.com/featured-listings/">still on the market</a>. Potential buyers will be spending their time looking at properties nearby and it will surely affect their perspective on your home.
A comparative market analysis will give you a detailed look at home prices in your local area.
Comparable homes:
Have been listed recently.
Feature homes with a similar size and design.
Include homes in the nearby area.
Have a similar placement, like waterfront homes, or those on a busy street.
<img src="https://assets.site-static.com/userfiles/1265/image/blogs_images/Whats_Important_When_Pricing_Your_Home_for_Sale/2.jpg" alt="Tuscana properties listings" width="1092" height="837" />
Browse local listings with similar qualities to the home you want to sell
2. The Location
Even if you’re in love with the location, that doesn’t mean that home appraisers will view it the same way.
There are a few main factors that some appraisers use to assign value based on location.
The reputation of educational institutions nearby
The nearby employment opportunities
Access to shopping, recreation, and entertainment
You may have a home in a gorgeous area, but if buyers are concerned about access to these things, it might influence your listing price.
Location can even trump the size and value of the home in some cases.
3. The Size of the Home
Home values can be roughly shown by a price per square foot.
Here’s how you can calculate the price per square foot for any property.
The price per square foot = the sales price ÷ square footage of the home.
Some buyers will use the price per square foot to compare homes and determine their relative value.
Buyers also want to know how much of the home is “usable space”. Garages, crawlspaces, attics, and unfinished storage areas aren’t always counted as usable space.
<a href="https://www.tuscanaproperties.com/sellers/sandy-has-buyers/" target="_blank">Your potential buyers</a> will focus on “livable space”, which includes bedrooms, bathrooms, living rooms, and kitchens. The more livable space your property has, the more attractive it will be to buyers. Bedrooms and bathrooms are usually the most valuable livable spaces.
4. The Age of the Home
It’s a simple fact that things which are newer, tend to break less. Newer homes appeal to buyers because they don’t need to worry as much about repairs or maintenance.
For older homes, an inspection helps home buyers and sellers identify repairs that are needed. These can be completed before or after the sale, depending on what both parties agree on.
A roof is always a point of concern, so if your home has a long warranty on a recently replaced roof, it will help your final listing price.
A newer home usually appraises higher than an older one, but this isn’t always the case. Well-maintained rustic homes can still fetch high prices, especially with the right renovations.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10312023/which-home-is-likely-need-repairs.jpg" alt="Which home is more likely need repairs?" width="614" height="461" />
Which home is more likely to need repairs?
Via Wikimedia Commons (Credit Matthew T Rader)
5. Renovations and Upgrades
The upgrades sellers make can boost their final listing price and improve outdated sections of the home.
Knowing which <a href="https://www.tuscanaproperties.com/blog/home-renovations-what-to-expect/" target="_blank">areas to renovate</a> and upgrade is the hard part. In some areas, certain renovations are more highly valued than others. For example, a finished basement might have more value in one city than in another.
There’s not always a direct return from your renovations.
To find out which improvements can have the biggest impact on your final listing price, speak to your local realtor. They’ve seen hundreds of properties in the area, so they know which home upgrades translate to higher listing prices.
The Jamison Team can help you analyze the market in Santa Clara County’s many communities and guide you to choosing the correct listing price. Since 2008, they’ve been buying and selling homes, helping hundreds of families along the way.
<a href="https://www.tuscanaproperties.com/sellers/sandy-has-buyers/" target="_blank">There are buyers waiting in Santa Clara</a>, so if you’re thinking about listing your property, start with a no-obligation discussion with The Jamison Team. By tapping into their network of buyers, you might sell faster (and above your asking price).
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.
2023-06-19T14:23:54-07:002024-02-06T10:47:07-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:25964What Is The Ideal Neighborhood To Flip Houses In Your Particular City?
The location can either greatly increase or decrease the value of a home, no matter how well you renovate it. Therefore, it is crucial to conduct enough research to find the best neighborhoods to flip houses in your particular city.
You can take several approaches to the matter, but the most important thing is that you <a href="https://www.tuscanaproperties.com/blog/what-to-consider-before-buying-a-fixer-upper/" target="_blank">consider every factor that weighs the income of your investment.</a> Flipping a property in the right neighborhood will make you a great profit.
Look for Popular Markets
You have the best chance of raising profits when you choose the right location. To do so, you need to research the market and find the best neighborhood that is most desirable for buyers.
You could flip a house and create a beautiful home, but no matter how well you <a href="https://www.assetsoft.biz/blogs/post/why-is-maintenance-important-for-your-properties" target="_blank">take care of property maintenance</a> or how well you create an exterior and interior design, a buyer will choose a less appealing home in a more desirable area. You can make a decision by getting the assistance of your local realtors to ensure that you have the opinion of professionals with data and <a href="https://www.tuscanaproperties.com/communities/" target="_blank">market analysis</a>.
While researching for the perfect area, it's best to keep schools and public transportation in mind. Buyers will want to move to properties that are surrounded by essential amenities. Keep your target buyers in mind as well. If you are planning to fix and flip family homes, it’s important to find neighborhoods with schools, daycare centers, and parks.
Research the demand and inventory. It is important to see how many people are trying to find properties to buy in the area. The competition between buyers gives you an opportunity to raise profits and compete in the market. Getting an opinion from professional realtors helps to find out what people are looking for in your city and what are the reasons why certain neighborhoods are more popular than others.
Be Cautious of the Costs of Materials
Flipping a house is not cheap. Buying a house is more expensive in certain cities than in others. Therefore, you need to evaluate your budget and account for every cost you are going to have to make.
Although, the more expensive the property is when you buy it, the higher its value will get after fixing it up. However, you don’t want to make too many expenses when you can make a lot of profit. The <a href="https://www.tuscanaproperties.com/sellers/how-to-sell-a-house-that-didnt-sell/" target="_blank">housing market is volatile</a> and ever-changing, but you have the upper hand when you own a fixed-up property. Therefore, ensure to check the price of each material separately.
Check the Reputation
You need to check crime rates and records of the neighborhoods on your list. No one wants to move to an area where several crimes have taken place. The reputation of the neighborhood has a great impact on your profit.
The property you pick should be close to good schools, workplaces, and markets. It’s preferable if your chosen neighborhood has some businesses such as bakeries, coffee shops, and restaurants in it.
You need to find neighborhoods that have shopping spots, sports centers, public transportation, low-traffic streets, and nice architecture.
Learn About The Local Taxes
<a href="https://www.chicagospropertymanagement.com/blog/rental-property-tax-deductions-things-you-should-know-" target="_blank">Taxes </a>make things more difficult for homeowners, but they are not going away anytime soon. Therefore, it’s best to ensure that you know about the tax rate in your chosen area to flip the house. The tax rate is going to have an incredible impact on the profit you make as an investor.
If the taxes are high, the house value can get low. You need to focus on the buyer and how they can afford the property you offer. Even if it’s beautiful, comfortable, and in a nice and safe neighborhood, high tax rates can drop the price and lower your profits.
When you are sorting out your budget and accounting for expenses, it’s crucial to remember that as long as you are the owner and taking the time to flip the house, you will have to pay real estate taxes and school taxes.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.
2023-04-04T09:24:19-07:002024-02-08T12:27:39-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:25962Does Flipping Properties In Low-Income Neighborhoods Really Pay Off?<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1032023/does-flipping-properties-in-low-income-neighborhoods-really-pay-off.jpg" alt="Does Flipping Properties in Low-income neighborhoods really pay off?" width="450" height="300" />
Managing real estate gets difficult for many people, especially since the prices in high-income neighborhoods are excessively high. Therefore, you might be wondering if purchasing and flipping a house in a low-income neighborhood is worth the trouble.
Property investment requires a strong management system and lots of planning. Low-income neighborhoods might not offer the advantages that upper-class and middle-class neighborhoods do, but they come with big perks as well. So let us discuss the challenges and the benefits of flipping properties in low-income neighborhoods.
Place-Based Investing
<a href="https://www.tuscanaproperties.com/blog/what-is-a-sellers-market/" target="_blank">Depending on the market</a>, your property value might change greatly. The area of your home changes the significance of flipping a property. Choosing a specific neighborhood for your investment can be referred to as Place-Based Investing. Usually, the location of your property can increase or decrease its value. You can get to your target buyers by choosing the property areas wisely.
How to Define a Low-Income Neighborhood
If you are an investor who plans to purchase a property to flip in a low-income neighborhood, it’s best to understand its premise. Firstly, you need to understand why the neighborhood is low-income.
Most of the time, a low-income neighborhood is one with retail houses that sell for less than 100 000$. This means that nicely renovated and functional homes cost less than 100 000$ in the neighborhood. However, there are levels in low-income neighborhoods as well.
Some neighborhoods are considered low-class and cheap because of the danger they hold. However, some neighborhoods have inexpensive properties but are safe and secure for owners and residents.
One is obviously better than the other. Therefore, if you can find a neighborhood that is low-income because of properties there and not because of levels of danger and criminal rates, then you have a bigger chance of successfully flipping real estate.
How to Define The Price
You need to learn about the target buyers. There is a difference between investors who wish to fix and flip homes and those who want to buy and hold, such as property managers and investors. Property managers <a href="https://www.bradyrglasvegas.com/when-do-you-need-the-services-of-a-property-manager/" target="_blank">are going to look at your project</a> and make sure that the home is livable at the bare minimum when a fix and flipper will try to turn the house around to sell it for a lot of money and make a huge profit.
Therefore, to analyze deals, you need to know who your clients are and what you can get for a certain neighborhood and property.
You can use a strategy that gives you the upper hand by selling homes for less than the average. Therefore, you will have to find out what buyers are offering in a neighborhood that you have chosen and make offers to sell for slightly less. For example, you can offer <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">to sell a home</a> to a buyer for 60 000$ when they have been expecting to pay 70 000$ for a house in your neighborhood. The key is giving the best offer for a property that you spent way less than you are asking for.
You can subtract your chosen wholesale fee from the average price of houses in the neighborhood you have chosen. This way you will have a maximum allowable offer in the area. You are going to have to do a great deal of research to find the right buyers for your property.
Is Fix and Flip a Good Idea for Low-Income Areas?
Although we discussed ways to profit from investing in properties, including in low-income areas, many experts would suggest otherwise.
Investing in a property in a low-income market is going to be difficult to profit from if you wish to fix and flip. In most cases, <a href="https://www.tuscanaproperties.com/blog/rental-property-maintenance-and-upkeep/" target="_blank">people rent properties</a> in low-income neighborhoods, which is why this is more appropriate for property managers. However, people rarely buy homes in low-income areas. The risk is greater than in high-level markets when it comes to flipping houses in low-income neighborhoods.
Low-income neighborhoods are low-income for a reason, mostly because they lack important facilities such as schools, hospitals, and care centers. Therefore, it’s a better option for you to raise your capital and wait for the perfect opportunity to purchase an inexpensive, fixer-upper property in a high-income market to flip it and sell it for a greater value. Desirable locations can have a great effect on your success.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. <a href="https://www.tuscanaproperties.com/sellers/sandy-has-buyers/" target="_blank">Our experts</a> are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.
2023-04-04T09:06:23-07:002024-02-07T10:04:26-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:25454What is a Seller's Market?<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Old_Blogs/Tuscana_Thumbnails_Landscape_14.jpg" alt="What is a seller's market?" width="2245" height="1587" />
If you're in the market for a new home, you may have heard the term "seller's market " thrown around. But what exactly does that mean, and how does it affect your home buying process? In this blog post, we'll take a closer look at seller's markets in real estate and what you need to know if you're buying or selling a home.
What is a Seller's Market in Real Estate?
In a seller's market, the demand for homes is greater than the supply available for sale. This means that there are more buyers than there are homes on the market. As a result, sellers have more power and control over the home buying process. They may receive multiple offers for their home, have more negotiating power, and may be able to command a higher price for their property.
Seller's markets can be caused by a variety of factors, such as low interest rates, a growing economy, a shortage of available homes, and a high demand for housing due to population growth or other factors. When these factors combine, it can create a hot real estate market where homes sell quickly and for high prices.
How Does a Seller's Market Affect Home Buyers?
For home buyers, a seller's market can be a challenging environment to navigate. With limited inventory and high demand, buyers may face a lot of competition and may need to act quickly to make an offer on a home. This can lead to bidding wars and multiple offers on a single property.
If you're buying a home in a seller's market, it's important to be prepared. Here are some tips to help you navigate the process:
Get pre-approved for a mortgage. A pre-approval letter from your lender can help you stand out from other buyers and show sellers that you're serious about buying a home.
Be flexible. In a seller's market, you may need to be flexible with your criteria for a home. Consider expanding your search area or looking at homes that need a little work.
Act quickly. When you find a home you like, be prepared to move quickly. Work with your agent to submit an offer as soon as possible.
Be prepared for a bidding war. In a seller's market, it's not uncommon for multiple buyers to make offers on the same property. Be prepared to adjust your offer if necessary, but don't get too caught up in the bidding war and overpay for a home.
How Does a Seller's Market Affect Home Sellers?
In a seller's market, home sellers are in a favorable position as they have the upper hand in negotiations with potential buyers. The following are some ways in which a seller's market can affect home sellers:
Higher sale price: In a seller's market, homes are in high demand, and this can drive up the sale price of a home. Home sellers can expect to receive multiple offers, which can result in a bidding war among buyers. This competition can push the sale price higher than the asking price, resulting in a higher profit for the seller.
Faster sale: With more buyers competing for a limited number of homes, homes tend to sell more quickly in a seller's market. This means that home sellers can sell their homes faster, and without having to wait for long periods for the right buyer to come along.
Less negotiation power for buyers: In a seller's market, buyers are often willing to pay more for a home than the asking price to secure the purchase. This can put the seller in a strong negotiating position, as they can be less likely to concede to buyers' requests for price reductions, repairs, or contingencies.
Increased confidence: Home sellers in a seller's market can feel more confident about selling their homes, as the demand for homes is high, and there are many potential buyers in the market. This can make the selling process less stressful and more enjoyable for the seller.
Limited options for homebuyers: A seller's market can make it challenging for homebuyers to find a home that meets their needs, as there are fewer homes for sale. This can lead to an increase in the number of buyers who are willing to pay more for a home, resulting in a higher sale price for the seller.
Overall, a seller's market can be an excellent opportunity for home sellers, as it can result in a faster sale, a higher sale price, and increased confidence. However, it is essential to work with a real estate professional who can guide you through the selling process and help you make informed decisions that align with your goals.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-03-13T14:39:18-07:002023-11-03T13:44:47-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:25311How To Sell Your Home Like a Pro in San Jose [Learn the Secrets]Setting Yourself Up For Home Selling Success
<a href="https://www.tuscanaproperties.com/sellers/" target="_blank">Selling</a> homes without real estate agents is a goal for many Americans, but is it realistic? It might look like a way to save money, but there’s more to the story.
If it were simple and profitable for a homeowner to put their own home on the market, we would see a lot more people doing it. <a href="https://cdn.nar.realtor/sites/default/files/documents/2022-highlights-from-the-profile-of-home-buyers-and-sellers-report-11-03-2022_0.pdf" target="_blank">DIY real estate agents only make up 10% of home sales</a> in the US, according to the NAR.
The reality is, homeowners usually make more money from their homes by partnering with a real estate agent.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/Old_Blogs/Tuscana_Thumbnails_Landscape_22.jpg" alt="How the professionals sell your home in San Jose" width="2245" height="1587" />
Choose a Realtor Based on Reputation [Not Promises]<br />The first step to successfully <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">selling a home</a> begins with choosing a realtor. You’re going to have a lot of options, but not all of them will suit you. Here’s how to find the right match.
The Best Reviews Come From the People Around You.
Friends, colleagues, and family members who recently sold a home are better than any Google review.
Compare Your Local Realtors Online.
When you research an agent online check to see how much internet presence they have by googling their name. Do they show up on multiple platforms and dominate the first page of results or are they a secret agent with little to no digital presence? If you’ve found a promising realtor, see what their reviews have to say. Do they have a large number of positive online reviews are just a few? That may give you an indication of their overall success.
Be Wary of Lower-Than-Normal Commission Rates.
A realtor with low fees sounds great at first, but it can backfire in many ways. It’s a little bit like trying to save money on car maintenance; it can come back to bite us. You want an agent who diligently sets an asking price, markets your home, and understands the local market.
Don’t Underestimate the Power of Interviews.
It’s easy to make something look great on paper, especially in this modern age. Arrange <a href="https://www.tuscanaproperties.com/sellers/10-questions-agents-hate/" target="_blank">interviews with realtors</a> who meet your standards and prepare questions. If that sounds like a job interview, you’re right! Real estate agents need to earn your trust and your business. The interview will give you a sense of your agent's communication style too.
Request a Few References From the Listing Agent.
Don’t feel uncomfortable about asking your realtor for past references. Over the years of experience, your agent should have built up a long list of <a href="https://www.tuscanaproperties.com/about/client-testimonials/" target="_blank">testimonials</a>. Quality real estate agents will be pleased to put you in touch with them.
Signing a Listing Agreement the Right Way
Now that you’ve found a <a href="https://www.tuscanaproperties.com/sellers/can-you-tell-how-many-homes-a-realtor-has-sold-sellers/" target="_blank">trusted real estate agent to sell your property</a>, we need more than a handshake. A listing agreement is a binding contract that holds listing agents and homeowners accountable.
Contracts are there to protect you, but you should always understand the terms and fine print. If you’re not using a real estate lawyer, here are the key areas you must be clear on.
1. Exclusivity
This confirms that your agent has the exclusive right to sell your property for the entire duration of the contract. This is the most common style, but other arrangements are possible.
2. Duration
You’ll need to choose a listing period with your realtor. This depends on the home's value, the current real estate market, and a few other factors. A shorter duration limits the time an agent has to prepare and market the property, while too much time can bad thing for a homeowner. If the contract duration is too long and the property owner wants to change realtors, it might be difficult (depending on the terms of the contract).
3. Commission
There’s no “standard rate” that real estate agents charge, but it is usually around 5-6% of the sale’s proceeds. It’s important to note that the seller’s realtor usually splits their commission with the buyer’s agent following the sale.
4. Protections
Even after a contract is terminated, a protection clause can protect homeowners and agents. Including a clause that allows you to change realtors is a good idea.
5. Your Duties
This section will outline what your agent is authorized and responsible for handling. Everything from marketing the home to posting yard signs should be covered here.
6. Dispute Resolution
Ideally, you won’t need to use any forms of dispute resolution. If you use a trusted realtor and communicate clearly, you’ll be able to avoid conflicts and sell your home smoothly.
We’ve Got Buyers Waiting to See Your Home!
Realtors should take away the stress of selling a home and make it more financially rewarding at the same time. The Jamison Team is highly acclaimed in San Jose and we’ve been helping people buy and sell homes since 2008.
Let’s talk about how we can sell your home faster, for a higher profit.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2023-03-06T14:26:02-07:002024-02-28T11:29:51-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:23176Home Renovations: What to Expect<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/9112023/Tuscana_Thumbnails_Landscape_27.jpg" alt="Home renovations: What to expect?" width="2245" height="1587" />
There’s little more satisfying than making your home extra comfortable and beautiful for your family. Keep in mind, though, that renovating your home is rarely smooth sailing – especially when you’re making major structural changes and aren’t planning to move elsewhere temporarily. To help you avoid mistakes and disruptions, <a href="https://www.tuscanaproperties.com/" style="font-size: 17px;" target="_blank">The Jamison Team from Tuscana Properties</a> gives you an overview of what to expect during home renovation projects:
Renovations Can Take Several Months or Even Over a Year to Complete
<a href="https://www.moreforlessstl.com/blog/What-is-the-Timeline-for-a-Home-Renovation_AE101.html" target="_blank">According to More or Less Remodelling</a>, home renovation projects can be categorized by the type of work that needs to be done and the approximate time taken. The more complex the work, the longer it takes. To be specific, cosmetic work like painting or flooring typically takes a few days or up to three months. Medium work with minor structural changes like adding a fireplace, plumbing, or bathroom fixtures will take up to 6 months. Major work, like the addition of a story or a brand new room, could take over 6 months or a year. Multiple projects can take exponentially longer.
You Can Save Money by Being Clever – Like Adding a Home Office That Doubles as a Guest Room
<a href="https://hamishmurray.com/blog/building-a-home-office-addition/" target="_blank">A personalized home office</a> is a popular home renovation project that offers privacy and promotes work-life balance. If you’d like to save more money, not to mention a great deal of time, you could get it to double as a guest room. This is easy to do if you invest in furniture like a sleeper sofa, a storage ottoman, cabinets for bedding, and a full-length mirror.
You Should Estimate Costs and Budget Beforehand
<a href="https://www.bobvila.com/articles/home-renovation-costs/">Bob Vila reports </a><a href="https://www.bobvila.com/articles/home-renovation-costs/" target="_blank">that homeowners typically spend</a> between $18,161 and $76,367 on renovations. To avoid overspending, create a budget first and then make renovations accordingly. Some of the factors that will influence the costs involved include the extent of renovations, your location, materials used, site preparation, contractors used, and permits applied for, among other things.
Estimating Apps or Calculating Software can Make Precise Estimates
You may be able to <a href="https://www.houzz.com/for-pros/software-general-contractor" target="_blank">make use of software for general contractors</a> to calculate costs – your contractor may use it. Most professionals typically use a combination of one or more apps during contracting – like bookkeeping apps, construction apps, project management apps, 3D imaging apps, and general contractor business software. General contractor business software, for instance, comes with several features to help with home designing, estimating, project management, invoicing, and more. Some software also allows contractors to create their own templates, so they don’t start from scratch when creating an estimate.
Finding a Good Contractor Could Take Time
Your choice of contractor is crucial. <a href="https://www.architecturaldigest.com/story/bad-contractors-red-flags-warning-signs" target="_blank">There are problem contractors out there</a> – they frequently are unresponsive, have a bad attitude, don’t keep appointments, overcharge, and overshoot deadlines. You should look to hire capable and trustworthy contractors who are receptive to your ideas and preferences. <a href="https://livingonthecheap.com/how-to-find-a-reliable-honest-home-contractor/" target="_blank">To find good contractors</a>, look for positive reviews, ask for examples of previous work, compare bids, and conduct interviews. A good contractor should be able to help you with everything from design and estimates to arranging permits and scheduling.
You’ll Have to Make an Effort to Keep Your Family and Possessions Safe
Renovations can be chaotic and, sometimes, harmful to your possessions. To keep your possessions safe, you could put portable items into temporary storage, cover up your immovables, and put the rest in the garage. Having a plan before you begin remodeling will help you make safe decisions and continue utilizing your living space while renovations are underway. Don’t forget to delineate your living space from the worksite and make sure <a href="https://urbanmatter.com/how-to-keep-your-belongings-safe-during-a-home-renovation/" target="_blank">your kids know not to get underfoot</a>.
Are You Planning to Sell Your Home Afterward?
Many people renovate, so their home sells for more. If you’re renovating to sell, it’s critical you carefully calculate any returns on investments you’re making. Talking to an experienced realtor will help you figure out what your house may be worth – and whether renovations are a worthwhile investment. You can <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">partner up with the Jamison Team</a> to sell your home faster and for more.
Conclusion
Renovations, whether you’re adding new flooring or designing a home office, are typically expensive and time-consuming. Doing your homework, estimating your budget correctly, picking capable contractors, and planning things out carefully will help you to avoid mistakes and ensure you pull everything off without a hitch.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2022-11-23T11:16:02-07:002023-12-07T11:33:36-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:229594 Reasons To Sell This Fall
<br />Selling in the fall actually comes with several great benefits.
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You might be thinking that selling in the fall is a bad idea. Isn’t summer the best time to sell? Many homeowners may think that they have missed the chance to sell their homes this year. There is a common misconception that our market comes to a screeching halt in the fall. That is simply not the case. People buy homes all year round. Here are a few reasons why putting your home up for sale in the fall may benefit you:
1. Your Home Will Sell Quickly.
The average home is selling much faster than normal, and some homes sell before they’re even listed. The market is still hot right now, contrary to what some media sources like to say. If you put your home up in this market, it's almost guaranteed to sell for a good price.
2. Buyers Will Compete For Your House.
That means that you will likely end up selling the home for well above its list price. Many buyers will compete for your home, which can lead to bidding wars. Who knows where the market will be by next summer? So why wait and risk losing money?
3. Your Home Will Get the Spotlight.
Due to the low supply of homes, yours will be one of the very few homes available on the market. Anyone looking to move to your area is bound to see it. This sets your home up for success and is guaranteed to help increase the chance of bidding wars.
4. Now is the Perfect Time to Move Up and Gain Equity.
The number of homes above the $1 million price tag has gone up in 2022 by a lot. Now is the perfect time to sell your home and upgrade to that seven-figure home.
Fall is the time to sell. Don't delay because mortgage rates are still low, and extremely motivated buyers give sellers an advantage. If you have any questions, contact my team and me by phone or email. We'd love to be your real estate resource.
If you’d like to take a look at what’s presently available on the market, you can view our multiple listing service here:
<a href="http://www.whatsmyhomeworthsv.com/" title="Home Value" target="_blank">Click here to see all available homes in your area.</a>
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.
2022-11-10T09:31:13-07:002023-10-30T13:21:47-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:22387Top 7 Things to Do Before Listing Your Home<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/9132023/top-7-things-to-do-before-listing-your-home_1.jpg" alt="Top 7 Things to do before listing your home" width="2245" height="1587" />
Are you looking for more space in your home or maybe a shorter commute to work? It may be time to consider selling your home and set your sights on a property that fits all your family's needs. While upgrading your living situation is an exciting process, make sure to approach the home buying and selling process with a plan. So, before you list your current home, consider these factors to ensure a smooth selling process and keep the offers flowing in!
Lean on the Expertise of an Experienced Real Estate Agent
There is a clear difference when selecting an <a href="https://www.tuscanaproperties.com/sellers/" target="_blank">experienced real </a><a href="https://www.tuscanaproperties.com/sellers/" target="_blank">es</a><a href="https://www.tuscanaproperties.com/sellers/">tate agent</a> to assist you throughout the home selling process over trying to handle the process on your own. An experienced agent will be capable of <a href="https://www.tuscanaproperties.com/sellers/10-questions-agents-hate/" target="_blank">answering the many questions</a> any seller or buyer is bound to ask throughout the process, along with strategizing what the best move to make is. Here at Tuscana Properties, our team has not only won the award for “Realtor of the Year” by Santa Clara County but we’ve also been <a href="https://www.prnewswire.com/news-releases/bob-and-sandy-jamison-of-tuscana-properties-featured-as-one-of-the-silicon-valleys-top-producing-teams-by-real-producers-magazine-301013786.html" target="_blank">recognized by multiple media outlets</a> for the satisfaction we provide to our clients. If you’re thinking about selling your property, don’t hesitate to give us a call and we’ll work with you every step of the way.
As a note, try to sort through some important details surrounding your situation before calling a realtor. Having a good handle on things like your budget, moving timeline, and housing needs will help make your realtor intro meeting more productive for everyone involved.
Prepare the Property for Buyer Walkthroughs
An important part of the home selling process is <a href="https://www.tuscanaproperties.com/blog/5-benefits-of-staging-a-home/" target="_blank">presenting the property in an appealing manner</a> to buyers. Your home will create lasting impressions based on what potential buyers see on their first walkthrough, so it’s very important to focus on presentation so they can envision themselves living in the house. In order to create an appealing space for buyers, you’ll want to focus on the tidiness and cleanliness of the house.
To limit unnecessary clutter, you’ll want to purchase some cheap storage totes or cardboard boxes. Take your time to store things like excessive decorations or kid's toys in the days leading up to an open house or scheduled buyer visit. Buyers will expect either the basement, attic, or garage to be dedicated for storage, so label your boxes of extra things and neatly store them in one of those areas. Also, be sure to deep clean the most trafficked rooms the day before or the morning of a buyer's visit to boost their first impression. When setting the stage for walkthroughs, be sure not to go crazy with buying new furniture or decor for the home. While presentation matters, buyers will still be able to envision the space even if it is lacking brand-new furniture or decorations.
Prioritize Major Repairs and Code Violations
One of the most common factors that can steer buyers away from your listing is having a home that will require extensive repairs with a high price tag. If your house has needed repairs in the foundation, roof, or anything else related to the structural integrity of the house, it’s wise to <a href="https://www.experian.com/blogs/ask-experian/should-you-fix-up-house-or-sell-it-as-is/" target="_blank">tackle these issues before listing</a>. You can list the property with these issues, but buyers are much more willing to put an offer on a house that's considered move-in ready. If you’re unsure about the condition of critical elements of the house, consider getting a <a href="https://www.tuscanaproperties.com/sellers/-11-inspections-traps/" target="_blank">home inspection report prior to listing</a>. This will help you prioritize what should be fixed first and you can make a plan around your budget. Also, if a buyer discovers an issue that isn’t on the disclosures, usually from their hired inspector, they could request closing credits or repairs in order to move forward with the sale.
Although you can sell your home with certain code violations, anything you can bring up to code will only help the sale. Simple updates like correcting handrail height, updating GFCI where it should be, and replacing cracked windows can make all the difference in reducing what shows up on a buyer's home inspection report. Another benefit gained from being up to code is marketing to buyers using an FHA loan, which is much stricter about code violations on the property they’re looking to buy.
Remove Home Health Concerns
Another factor buyers will take into consideration is if there are any materials on the property that could be dangerous to the new residents. The two most common hazardous materials that were used in home construction are asbestos and lead-based paint. These materials fall under similar regulations in California and they both can be reasons why buyers will be hesitant to make an offer or back out of a contract after its discovery.
<a href="https://www.mesothelioma.com/asbestos-exposure/what-is-asbestos/" target="_blank">Asbestos</a> is a type of naturally occurring mineral that was deployed into home construction materials for decades in the 1900s. It was mainly used in areas of the house such as the furnace, wiring, and water pipes. When a material containing asbestos starts to break down, it releases fragments of asbestos that can get stuck in your internal organs and can ultimately lead to serious health issues. In California, if you know asbestos is still within the property you’re looking to sell, it must be reported on the property disclosures to make the buyer aware.
Lead-based paint is another hazardous material that was used in homes until its federal ban in 1978. Over time, if lead paint is removed it will create dust that is easily inhaled, which increases the risk of <a href="https://www.cdph.ca.gov/Programs/CCDPHP/DEODC/CLPPB/Pages/Lead-Poisoning.aspx" target="_blank">lead poisoning</a>. Since lead can provoke more immediate symptoms and is especially dangerous to children, its presence can negatively affect a buyer's interest in the property. Similar to asbestos, California law requires that lead paint be reported in the property disclosures and allows 10 days for a buyer inspection, but does not require the paint to be removed by the seller. If either of these materials exists on the property, it’s wise to find a solution, such as an <a href="https://www.benchmarkenvironmental.com/residential/" target="_blank">environmental testing company</a>, prior to listing the house on the market. You’ll benefit from the reduced risk of buyers losing interest over the potential health hazards and keep the house a safe place to live.
Gather Required Documents Ahead of Time
If you’ve ever been through the buying or selling process, you’re well aware of the amount of documentation needed to cross the finish line. These documents serve the purpose of proving the legitimacy of the sale and ensuring stages of the process are in compliance with the law. Save yourself the headache of searching for these documents when they’re needed and get one step ahead.
An original purchase agreement of the property
The signed deed of the property being sold
Affidavit of Title
Besides just gathering these documents, make sure you also know what each of these documents is for as well. If you aren’t familiar with common real estate terms, feel free to use our <a href="https://www.tuscanaproperties.com/sellers/probate-glossary/" target="_blank">seller's</a><a href="https://www.tuscanaproperties.com/sellers/probate-glossary/" target="_blank"> glossary</a> as an aid. If you cannot find your original purchase agreement of the property, try contacting your previous real estate agent or another member who was involved in the transaction because they may still have the records available. If you lost the title, you can reach out to the local county clerk and request a new one.
Make Curb Appeal Updates
Have you ever looked at a house from the street and thought “I don’t have a good feeling about this one”? This is why curb appeal is so important. As a seller, you need to consider every impression a buyer will have, and curb appeal is one of the first they will make. Just like with walkthroughs, a first impression is everything, and if a bad first impression is made, it could cause potential buyers to not consider your listing.
One of the first moves you can make to freshen your curb appeal is to clean up the outside portions of the property. Simple maintenance like raking leaves, replanting dead grass patches, and putting away tools can make a huge difference. If you really want to captivate a buyer, consider some more advanced updates like landscaping, repairs to the exterior of structures, and a fresh coat of paint on the house. These updates will not only make the property look great, but they also show buyers that you’ve gone the extra mile to <a href="https://www.tuscanaproperties.com/blog/tips-and-advice-for-maintaining-a-property/" target="_blank">maintain the property</a>.
Lastly, if your backyard has amenities such as a pool, trampoline, or patio, make sure that they are in tip-top shape before listing your home. The last thing a prospective buyer wants is to have to figure out what they are going to do with an eyesore when they close on a property.
Consider Remodels that Retain Resale Value
Anytime you can show off a newly remodeled feature within the household, you’re immediately going to capture a buyer's attention. However, not all remodels retain their value when it comes to the final listing price, so it’s important to find the balance between what will yield more than the initial investment and what needs attention because it’s unappealing.
According to Money.com, one of the <a href="https://money.com/best-home-renovation-projects-resale-value/" target="_blank">best projects with a return on investment</a> is refinishing hardwood floors, with an average return of 147% when factored into the property sale. Although a larger remodel in areas like the kitchen doesn’t yield as much return on investment, they still play an important role in captivating the buyer and positioning the value of all the new materials.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2022-10-10T22:24:00-07:002024-02-08T11:56:11-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:22337You’re invited to a FREE Online Seller Workshop on October 25, 2022
<br />Inviting you to our new webinar series that will help sellers thrive.
<br /><br />
“What should I do to get the most money for my home and sell it in the least amount of time?” This is a question that every seller asks themselves when they decide to list their home. To help, we have created a new webinar series that will answer all the questions that sellers ask, and we are very excited to launch it.
Throughout this series, we will walk homeowners through the top things to do to get the most money possible for their homes. We want you to be prepared for what the selling process is like. We will have all of our resources available, like stagers, movers, and organizers, who will help guide you through the process.
This webinar is free, and there’s no obligation to work with us. We would love to see you there, so register today by clicking <a href="https://www.eventbrite.com/e/home-seller-workshop-free-and-online-tickets-429948165537">here</a>. If you have any questions, please don’t hesitate to reach out! Call or email anytime; we’d love to hear from you.
If you’d like to take a look at what’s presently available on the market, you can view our multiple listing service here:
<a href="http://www.whatsmyhomeworthsv.com/" title="Home Value" target="_blank">Click here to see all available homes in your area.</a>
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.
2022-10-07T12:32:00-07:002023-10-30T11:57:47-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:223225 Tips for Living in Your For-Sale Home
<br />Five ways to help make selling your home simpler and more efficient.<br />
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How can you continue to live in your house once you put it on the market? Your home has always been your sanctuary, your one true personal space, but now it’s listed for sale and will soon get a ton of foot traffic. This can get very stressful and make it difficult to continue living your normal life in your house, especially if you have young children. So here are five tips to help you continue living your life in your for-sale home and keep things a bit less hectic:
1. Improve Your Credit
You may think your credit score is already as good as it can be, but there is always room for improvement. Start by paying off your debt little by little. This will lower your debt-to-income ratio, which is what lenders use to determine your creditworthiness. You can also save up for a bigger down payment to improve your credit and lower your rate. The results may seem small, but even a tiny difference can add up to a huge amount over the course of a loan.
2. Sell, Donate, or Throw It Away
While you’re packing, try to get rid of things you don’t need. My recommendation is if you haven’t touched an item in a year and it’s not an heirloom or memory, it’s time to part with it. Try to at least donate items that are still in decent condition.
"Packing and storing boxes in the basement or garage is completely acceptable."
3. Get Squeaky Clean
A clean, cared-for house can net you $5,000 to $10,000 more for your sale. Shoot for five-star hotel perfection when cleaning, and focus particularly on bathrooms, the kitchen, windows, and floors. Make it sparkle!
4. Maintain Privacy and Safety
Buyers are going to be looking through closets and other areas people wouldn’t typically see. Ensure there’s nothing valuable or personal anywhere that they could find. If you’re unsure about an item, be on the safe side and lock it away somewhere secure (this includes medications).
5. Involve Your Kids
Nothing is better than having your kids be part of the selling process. The easiest way to get them involved is through games or a reward system so they’ll help you clean the house and prepare it for showings. You won’t believe how motivated kids can get when there’s something fun tied to a chore!
If you’d like to dig deeper into the tips above or have any questions about real estate in general, please shoot me an email or give me a call. I would love to help in any way I can.
If you’d like to take a look at what’s presently available on the market, you can view our multiple listing service here:
<a href="http://www.whatsmyhomeworthsv.com/" title="Home Value" target="_blank">Click here to see all available homes in your area.</a>
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.
2022-10-06T13:01:00-07:002023-10-30T11:55:49-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:21857Fixer Upper Investment Property | Tuscana Properties<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10252023/newly-remodeled-fixer-upper-should-you-rent-it-out-or-sell-it.jpg" alt="Newly Remodeled Fixer-Upper: Should you rent it out or sell it?" width="1123" height="794" />
Renting vs. Selling Your Fixer Upper Investment Property
If you are struggling to decide what to do with a fixer upper investment property, you are not alone. Many investors purchase and renovate fixer upper homes because they are cheaper to buy and have the potential to generate a good return on investment. Other people remodel their existing homes, intending to move to another house.
Whichever situation you’re in, you have two solid options for making a return on your investment property. You can become a landlord and generate ongoing rental income, or you can sell your house and avoid being saddled with ongoing rental responsibilities.
We can’t tell you exactly what to do, because everyone’s situation is different. Instead, we will explain the advantages and disadvantages to either selling a house or renting it out. We will also give you tools that you can use to make the decision for yourself!
Should You Sell Your House or Rent it Out?
One of the first things you should do when making your decision is to research the overall economy and housing market to see what current rental income and home sale averages are in the area. You can also use a return-on-investment tool to compare the financial impact of each choice and perform a for the rental option.
Ongoing financial responsibility is a common and valid reason that homeowners choose to sell instead of rent their investment property. Although becoming a landlord can be a great way to guarantee tax deductions, ensure an extra source of income, and diversify your assets, it’s also a responsibility that should not be taken lightly.
Selling, on the other hand, is one way to liquify your assets and make a large one-time return on investment. Selling a fixer upper home also means, again, that you won’t be taking on additional responsibilities. This is an especially attractive option for those who have built up equity in their home.
How to Sell a Fixer Upper Home
If you choose to sell, you may have some work to do! The following are our recommendations for how to prepare and sell a fixer upper home fast.
Remove the personal element from your homeGet rid of clutterFinish any last minute projects or touch upsDeep cleanStage your homeCheck your curb appealComplete inspectionsTake great photosConsider every offer
We recommend that you always choose a local realtor when selling a home. Locals know the market, the people, and the houses. Choosing the right asking price for your home is usually the key factor in how fast it will sell, so it’s important that your realtor knows the market well.
If your fixer upper investment property is in the Bay Area, consider <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">Tuscana Properties</a> for your realtor! They have over 25 years of expertise in the local housing market, specializing in sales that are smooth and fast.
How to Rent a Fixer Upper Home
While the thought of being a landlord might be intimidating, renting doesn’t necessarily mean that you have to manage your rental property yourself. You can hire a property manager to handle everyday tasks like interviewing tenants, facilitating necessary repairs, and taking care of the finances. If you choose a reliable, trustworthy property manager, you’ll get the benefits of owning rental property without dealing with most of the responsibilities.
According to <a href="https://www.law.cornell.edu/wex/landlord-tenant_law" target="_blank">state laws and statutes</a>, landlords do have several responsibilities to their tenants, including:
Making repairs for structural issues, HVAC systems, and appliances
Complying with housing codes in providing a habitable residence
Refraining from discrimination
Abiding by eviction laws
<a href="https://lasclev.org/what-are-the-duties-of-a-landlord/" target="_blank">Giving 24 hours or more notice</a> before entering the residence unless there’s an emergency
Financial obligations for landlords include:
Making necessary repairs or replacements
Hiring a property manager, landscaper, or other professionals
Marketing the rental property when looking for tenants
Mortgage payments, property taxes, and insurance
Marketing a rental property is very similar to marketing a home for sale. To put your fixer upper home up for rent, you will need a trustworthy <a href="https://www.tuscanaproperties.com/about/the-jamison-team/" target="_blank">local realtor</a> to help. You will also need to handle all repairs, touch ups, and staging before you list your property. Fixer upper houses for rent are a huge market right now, because everyone loves a freshly renovated property!
What Will You do With Your Fixer Upper?
Selling and renting out homes are both viable options. You should consider many factors and carefully weigh the financial advantages and disadvantages of each choice before making your decision. If you have more questions about what to expect from the markets around the Bay Area, <a href="https://www.tuscanaproperties.com/contact/" target="_blank">reach out to our experts today</a>!
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.
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// ]]>2022-09-08T21:08:00-07:002024-02-06T12:21:43-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:20163House Flipping: 5 Preparation Tips for Big Returns<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10252023/house-flipping-5-preparation-tips-for-big-returns.jpg" alt="House Flipping: 5 Preparation Tips for Big Returns" width="651" height="460" />
The <a href="https://www.forbes.com/advisor/investing/why-is-inflation-rising-right-now/" target="_blank">rising inflation rate in 2022</a> has many seniors in San Jose, CA concerned about running out of savings, especially those on a fixed income. The good news is that a variety of flexible and suitable business options exist for seniors. A great example is the house-flipping industry. Though it is competitive, this industry has low barriers to entry, and getting started isn't too difficult. For that reason, house flipping is an ideal business for a senior. It can generate extra income and keep you busy. This article offers five tips on how to excel in this industry.
Finding the Ideal Homes to Flip
Identifying homes is the most critical stage in the house-flipping process. When buying a property, it's essential to consider its location and condition. Further, check if the area is developing economically and has social amenities. This information will guide you in <a href="https://www.tuscanaproperties.com/blog/what-is-the-ideal-neighborhood-to-flip-houses-in-your-particular-city/" target="_blank">finding an ideal home to flip</a>. Learning about the local real estate market in San Jose is essential. Your ultimate goal is to manifest quick turnarounds. For that reason, <a href="https://www.tuscanaproperties.com/sellers/12-step-roadmap-to-your-next-destination/" target="_blank">research and mastery</a> of the market are crucial to your success.
How You’ll Finance the Flipping
As you start this business, do some financial computing and determine how you will finance your projects. A proper plan is necessary to help you decide how you’ll spend your money. Analyze the house and determine if the purchase and renovation costs exceed or are less than the selling price; use the market rates in the area as your gauge. Don’t buy a house that needs many renovations. <a href="https://www.tuscanaproperties.com/blog/the-role-of-inspections-in-the-homebuying-process/" target="_blank">Have the property inspected</a> and all the costs calculated. Then you can decide whether to buy it or move to a different property. Also, consider the payment method for the house. You can use cash or <a href="https://www.usa.gov/mortgages#:~:text=and%20HUD%20Homes-,Mortgage%20Refinancing,rates%2C%20to%20change%20your%20type%20of%20mortgage%2C%20or%20for%20other%20reasons.,-These%20resources%20will" target="_blank">get a mortgage</a>. Before applying for a mortgage, ensure you are informed of all the intricacies of home financing.
Build Your Team
You can’t do everything alone. You'll need a team to work with. Experienced team members get things done and help grow your business. You should plan and implement a system to manage the business. Additionally, you'll need a financial software tool if you want to know <a href="https://quickbooks.intuit.com/payroll/" target="_blank">how to stay on top of payroll</a>. Such a tool can automate tasks like payroll scheduling and tax filing, and it can even help you set up same-day direct payroll deposits.
Know Your Buyer to Make Appropriate Renovations
When renovating the houses, <a href="https://www.tuscanaproperties.com/sellers/12-step-roadmap-to-your-next-destination/" target="_blank">survey the neighborhood</a> and know your potential buyers. Then renovate with their sensibilities in mind. For example, if your house is in a busy area with good schools, your buyer is likely to be a family person with kids. Therefore, spend your money creating a beautiful home to attract young family buyers. Reputable renovation <a href="https://www.houzz.com/professionals/general-contractor/c/San-Jose--CA" target="_blank">professionals in San Jose</a> can assist you with the repairs. Compare different quotes, and hire a certified renovation company.
The Bottom Line
House flipping is a rewarding venture. You can start this business and succeed if you follow the above tips. You also need to surround yourself with experienced people to guide you in your initial stages in the industry. To <a href="https://www.tuscanaproperties.com/property-search/search-form/" target="_blank">search for properties</a> or find more <a href="https://www.tuscanaproperties.com/blog/category/selling-your-home/" target="_blank">informative content</a> on house flipping, visit the Tuscana Properties website.2022-06-14T12:16:00-07:002024-02-08T12:43:38-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:155316 Interior Design Tips for Staging a Home for Sale<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10232023/6-interior-design-tips-for-staging-a-home-for-sale.jpg" alt="6 interior design tips for staging a home for sale" width="1123" height="794" />
<a href="https://www.tuscanaproperties.com/sellers/27-seller-tips/" target="_blank">Staging a home</a> before listing it for sale allows you to sell it faster and often for more money. In addition, a well-staged home shows off the best parts of the property while also inspiring a higher perceived value from the creative dressing.
When you're considering listing your home for sale, it's a good idea to plan and create a space that will inspire people to put in an offer as soon as possible!
These Are The Top Things To Do While Staging!
1. Deep Clean and Remove Old Wallpaper
Deep cleaning your space is fantastic for many reasons: one of the largest is that people automatically assume that any sign of dirt or grime means the home wasn't well maintained and may have issues. Scrubbing the house from top to bottom can help ensure buyers that they're getting the home from someone who took fantastic care of it. On top of this, it can also save you money from hiring a cleaning crew before the buyers move in.
While you're scrubbing and cleaning: it's time to take down old wallpaper! But, you don't have to go in without planning; there are dozens of videos and DIY tutorials on<a href="https://romandecoratingproducts.com/repairing-drywall-after-wallpaper-removal/" target="_blank"> repairing drywall after removing wallpaper</a> and how to steam paper off without fancy tools. These tutorials make DIY home staging a breeze and can inspire you to take on even more!
2. Highlight Features You Want to Shine
What parts of your home feel the most important? Which sections do you think would look better if emphasized differently? Of course, there are some classic tips, like tall oversized curtains to make ceilings seem higher and mirrors to make a room feel more spacious, but there is tons of other information that can help.
<a href="https://metrie.com/thefinishedspace/shiplap-kitchen/" target="_blank">Kitchen shiplap</a> can inspire a more organic and creative feeling in the kitchen. This may let shoppers more easily picture what their lives would be like if they purchased the home. So much of home design is based on personal taste, but staging it creatively can allow the house to appeal to as many people at once as possible.
3. Introduce More Light Into Your Home
Natural light allows a room to feel larger, cleaner, and more welcoming. This is especially powerful in areas where people gather and socialize, like kitchens and living rooms. When staging, consider putting in<a href="https://www.mhiwindows.com/vinyl-windows-advantages-disadvantages/#:~:text=Vinyl%20is%20cost%2Deffective%2C%20durable,vinyl%20products%20%E2%80%93%20like%20more%20windows!" target="_blank"> vinyl windows</a> or even making larger window cutouts to bring in more light.
Larger windows, and window walls, are increasingly popular, and although they’re more maintenance: they can add a lot of personality and beauty to a room.
4. Show Off Much-Needed Storage Space
Does your home have storage that needs more attention paid to it? <a href="https://innovativebuildingmaterials.com/garage-door-window-inserts/" target="_blank">Garage door window inserts</a> can allow for more natural light to pour into this space so that when buyers are coming through, they'll see a large amount of space before anything else.
These windows are also a great perk because it means you don't have to turn the lights on every time you want to step into your garage. As long as the windows are well-made, they won't add much heat to the room but make it brighter and more comfortable.
If you have large closets or other large empty spaces in the home, dress them to look like good storage space. Pushing things to the back of shelves may seem messy at first, but they make the shelving and closets look massive.
5. Create An Inviting Atmosphere
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10232023/inviting-atmosphere.jpg" alt="inviting atmosphere" width="573" height="366" />
via <a href="https://mrwallpaper.com/wallpapers/garden-windows-p6o0qsle4le9ph7e.html" target="_blank">Source</a>
Allow for the home to be as inviting as possible! This means creating spaces that look comfortable enough to sit down and enjoy a nap in. Many people rent furniture from staging companies to help pull off a modern reading and napping nook without having to invest in a ton of furniture they may never use again.
This does cut out of your final profits, but having high-class and popular beautiful furniture in your home makes the entire space feel more modern and sophisticated. Ensure that your realtor is aware that none of the furniture comes with the house so they can communicate that to interested buyers, but besides that, have fun with it!
6. Remove Any Personal Items
This house used to be home to you, but if you're selling it, you need to sell the fantasy of a buyer's dreams. Take the time to remove any personal items, from height charts to family portraits, and avoid adding any touches that are too unique. Your future home will have so much of you built into it, but for now, try to create a space that feels like anyone could walk in and make it their own.
Home Staging Can Make A Sale
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10232023/home-staging-can-make-a-sale.jpg" alt="home staging can make a sale" width="573" height="382" />
Proper home staging can make your home into a masterpiece! You can find inspiration for well-staged homes on sites like Pinterest or Instagram and ensure that you create an inspiringly beautiful space. After all: you're creating someone's dream home.
Andrea Erickson is a contributor to <a href="https://innovativebuildingmaterials.com/" target="_blank">Innovative Building Materials</a>. She is a blogger and content writer for the real estate industry. Andrea is focused on helping fellow homeowners, contractors, and architects discover materials and methods of construction that increase property value, maximize energy savings, and turn houses into homes.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2021-09-15T20:48:00-07:002024-03-01T10:09:57-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:15054Does Nice Curb Appeal Add Value to Your Home?<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10202023/does-nice-curb-appeal-add-that-much-value-to-your-property.jpg" alt="Top Home Improvements to Add Property Value: Curb Appeal" width="1123" height="794" />
New light fixtures<br />If we’re keeping up with housing trends, outdoor light fixtures that come with the house can make your home look quite dated. You can change the way your home looks, how energy efficient it is and how safe it is by replacing the fixtures. In doing so, you can expect to see a 50% return on investment.
New deck or patio<br />After the year we had in 2020, buyers want a place where they can sit outside and entertain - they want a deck, patio, or both. If you want to appeal to those buyers and are willing to tackle these projects, you should know they’ll cost a pretty penny depending on the size, material, and labor. However, you could see a 69% to 76% return on your investment.
Improved facade<br />If you subscribe to that “go big or go home (no pun intended)” mindset, improving the facade of your home will give you that wow factor. There are a few ways you can do this. You could replace the vinyl siding, add stone veneers as either an accent around the front door or the bottom third of the perimeter. You could also use wood paneling or bricks to achieve a unique look. Best thing is, these improvements will net you a 95% ROI!
Outdoor kitchen<br />When you’re working on curb appeal, you don’t have to focus solely on the front yard. Buyers also like to focus their attention on the backyard as well. It’s not uncommon for buyers and homeowners alike to want to have a space outdoors where they can entertain guests. While you may have a lovely new deck, an outdoor kitchen is a fantastic addition. Key features of an outdoor kitchen should include a built-in grill, ample counter space, storage options, and maybe a nearby seating area. A basic set up can cost around $14,000, which is a nice chunk of change, but when you list it, you’ll recoup 71% of the cost.
Improved landscaping<br />Landscaping is probably the most important aspect of curb appeal. A nice lawn, well-maintained flower beds, trimmed trees and bushes are a great way to get a buyer’s attention. While there are a lot of ways you can improve the landscaping, these projects will net you the highest return when it comes time to sell:
Planting trees - up to $2,000 - 100% ROI
Installing a sprinkler system - up to $3,500 - 86% ROI
Have a lawn-care routine - up to $375 - 267% ROI
Improvements to Curb Appeal Can Raise Property Value
We put a lot of effort into maintaining our home and when we want to put it on the market, we want to make sure that all of that effort was worth it. These projects do add value, which is great news for you… But not so much for buyers because if they fall in love with your house but are on a tight budget, a home affordability calculator might show them that your home is out of their reach. Don’t worry though because in this hot market, a qualified and ready buyer will come along!
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2021-08-05T15:56:00-07:002023-10-23T08:59:47-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:14625California Housing Market Trends, Prices, and Forecasts<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10202023/california-housing-market-trends-prices-and-forecasts.jpg" alt="California Housing Market Trends, Prices, and Forecasts" width="1123" height="794" />
Anyone who has touched the real estate industry in recent weeks knows just how hot things are. From record-high prices to quick sales, the industry is moving fast and furious this year. Is that trend likely to continue, or are things going to be changing soon?
It’s beneficial for both buyers and sellers to get an idea of the housing market trends, prices, and forecasts. This information can help better predict what to expect as you move forward with the buying or selling process.
Let’s get a closer look at what’s going on in the Silicon Valley area and the entire state.
State-wide Trends and Forecasts
The market in California is good for both buyers and sellers. While sellers may be able to get more than they ever expected for their homes thanks to the limited supply, buyers can benefit from low mortgage rates that increase their purchasing power. This combination is driving a very hot market across the entire state.
Nearly every country in the state of California showed a year-over-year sales increase on home sale prices throughout the <a href="https://www.noradarealestate.com/blog/california-housing-market/" target="_blank">start of this year</a>. This price growth is likely to continue throughout the year.
While tight supply continues to be a concern across the state, it seems like the market will start to cool down sooner than expected. By the end of the year, home sales per month should drop from decade-high to a more reasonable amount. This will happen as the country continues to see a strong economic return to normal.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/top-5-outdoor-renovations-thatll-add-the-most-value-to-your-san-jose-home/" target="_blank">Top 5 Outdoor Renovations That'll Add The Most Value to Your San Jose Home</a>”
That being said, most people expect home prices to continue to rise throughout this year as supply will be an issue even after sales drop to a lower number. Still, many buyers will work to <a href="https://www.tuscanaproperties.com/blog/how-to-actually-afford-to-buy-a-home/" target="_blank">find a way to afford a home</a> so that they can take advantage of the low interest rates.
Bay Area and Beyond: What’s Going On?
What’s going on with the housing market in some of the major Silicon Valley areas? These markets are notoriously hot; have they gone even farther with the current state of the real estate industry?
The median home price in the Bay Area has remained over $1 million for another consistent month, and median prices are likely to keep trending upward. In Santa Clara County, sales are up over 22% year-over-year, while prices are up over 8%. Let’s take a closer look at some of the region’s markets.
San Jose
When browsing <a href="https://www.point2homes.com/US/Real-Estate-Listings/CA/Santa-Clara-County/San-Jose.html" target="_blank">homes for sale in San Jose</a>, buyers will quickly see that the prices of single-family homes, especially those that reach into the suburbs, are rising fast. The prices of rent for business spaces, on the other hand, are dropping.
Additionally, inventory remains limited in this area. This is helping to encourage the rising prices.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10202023/california-highway-road.jpg" alt="California Highway Road" width="560" height="420" />
The market in this area is heavily skewed towards sellers thanks to high prices and limited inventory, but it’s still important to make sure that you prepare your property for better sales results. <a href="https://www.tuscanaproperties.com/blog/top-5-outdoor-renovations-thatll-add-the-most-value-to-your-san-jose-home/" target="_blank">Renovating in this area</a> is a great way to add a lot of value to your home before you put it on the market and help you bring in even better offers.
Santa Clara
Throughout Santa Clara County, home prices have risen about 5% since last year, and the prices are expected to continue to rise moving forward. This average change is seen throughout the entire Bay Area at large, and sellers will see this growth throughout the year.
Additionally, there is a limited inventory of single-family homes. Condos, however, are something that many buyers are turning to during this time.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/increase-your-homes-screen-appeal/" target="_blank">Increase Your Home's Screen Appeal</a>”
Though the prices of single-family homes in Santa Clara continue to rise, the rent for studios and similar spaces has dropped drastically over the last twelve months. This drop is expected to stabilize throughout the year, but rent in this area is likely to remain low as landlords try to bring tenants back into their properties.
San Francisco County
There remains a consistent demand for condos and townhomes in this area, and there is a surprisingly high number on the market right now. This slight oversupply is helping to lower the price of condos, so condo buyers may be able to find the extra space they have been dreaming of.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/2d-vs-3d-rendered-floor-plans-what-real-estate-agents-need-to-know/" target="_blank">2D vs 3D Rendered Floor Plans - What Real Estate Agents Need to Know</a>”
Condo sales have increased by more than 300% since last year in the county, and prices have risen by just over 11%. Condo sellers can expect sales and prices to continue at a similar pace, but they should keep in mind that condos in the city proper are moving slower than those in the suburbs.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10202023/houses-in-california.jpg" alt="Houses in California" width="560" height="373" />
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2021-07-01T23:32:00-07:002023-10-23T08:16:17-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:14283Top 5 Outdoor Renovations That’ll Add The Most Value to Your San Jose Home<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1032023/top-5-outdoor-renovations-thatll-add-the-most-value-to-your-san-jose-home.jpg" alt="Top 5 Outdoor Renovations that adds the most value to your San Jose home" width="1123" height="794" />
We don’t know if you’ve heard, but real estate is hot for sellers. With more people across the United States, (and specifically in the Bay Area) ready to buy, there aren’t enough houses available to keep up with demand, and that’s good news for sellers. Homes are going for more than the asking price and multiple buyers are vying to land homes in what agents call bidding wars. In fact, in a recent poll of more than 1,000 <a href="https://www.homelight.com/blog/real-estate-top-agent-insights-spring-2021/" target="_blank">real estate experts</a> from HomeLight, 97% of agents said that they are in a seller’s market. When the market is this hot, you can make your San Jose home even more valuable with outdoor renovations. Here are a few ideas to help you get started.
Improve Your Curb Appeal
One of the best ways to <a href="https://www.homelight.com/blog/guide-how-to-sell-a-house/" target="_blank">add value to your home</a> may also be one of the easiest to get started on. Curb appeal is how your home attracts a buyer from the street; it’s your home’s first impression and it can make a big difference in increasing your home’s value. While you could hire a landscaper to make your front yard look its best, you can also spend a weekend with some DIY projects that can have big payoffs. You can give your front door a fresh coat of paint in a pop color like red or blue, and add a couple of potted plants on either side to up the appeal. If your lawn has seen better days, consider adding a rock garden ornamented with succulents for a front yard that is low maintenance and can stay looking good all year. Another quick curb appeal update is replacing your home’s address numbers with a modern touch that coordinates with your house’s outdoor lighting.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/how-to-improve-your-homes-curb-appeal-before-listing/" target="_blank">How To Improve Your Home's Curb Appeal Before Listing</a>”
Make Your Backyard A Living Room
In the era of social distancing (or post-social distancing), backyards are doing double duty as extensions of people’s homes. Real estate agents across the Bay Area are talking about how buyers are seeking backyards that are full outdoor living rooms: think comfortable furniture, and dedicated areas for relaxing and outdoor entertainment with music. This update can be as easy as buying new furniture and adding speakers, even if just <a href="https://www.homelight.com/san-jose-ca/sell-house-fast" target="_blank">staging your backyard fast</a>, so potential buyers can see the possibilities.
Get Cooking (Outside)
Along with outdoor living rooms, homeowners are raving about outdoor kitchens. These kitchens are going beyond barbecues to include fully functional stoves, refrigerators, and bars. If you already have an outdoor grill, you can consider building a work surface around it with bricks, to create a dedicated cook and food prep space. How involved you get will depend on your budget and whether you are looking to make updates to stage your home or to use yourself and with your family long-term.
Let there be Light
With more summer daylight hours, backyard parties can last well into the evening — and even longer with appropriate outdoor lighting. This summer glow doesn’t have to be involved to install or cost a fortune. String lights can do wonders to transform a backyard, whether strung over a trellis, on a tree, pergola, or fence.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/increase-your-homes-screen-appeal/" target="_blank">Increase Your Home's Screen Appeal</a>”
Adding value to your home doesn’t have to mean going through a full renovation, with a few outdoor updates you can appeal to buyers to successfully sell your San Jose home.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2021-06-11T19:05:00-07:002023-10-19T13:33:03-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:14176Increase Your Home's 'Screen Appeal'<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10202023/increase-your-homes-screen-appeal.jpg" alt="Increase Your Home's Screen Appeal" width="1123" height="794" />
With home showings going online during COVID-19, learn how to make your listing stand out on screen.
If you were counting on crowded open houses (or any open houses, for that matter) to sell your home, you’ve probably been rethinking your strategy. With many people staying home, online for-sale listings have taken on more importance than ever, and it all starts with increasing your home’s screen appeal.
Stage Your Space
The first step in staging your home is aggressive decluttering. Put away all the kids’ and pets’ toys, store or recycle loose magazines, and box up your picture frames and mementos for now. You don’t want to erase all the personality from your home, but you do want it to feel neutral so potential buyers can imagine themselves living there. Plus, the less random stuff on display, the more spacious your rooms will look.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/how-to-pull-off-an-expert-home-staging-without-spending-too-much-money/" data-uw-rm-brl="false" target="_blank">How To Pull Off an Expert Home Staging Without Spending Too Much Money</a>”
Next, consider the layout. You may love how your rooms are arranged, but your furniture placement might not maximize space on the screen. Take some test photos to see if the current layout photographs well. If you’re planning on creating a recorded or live video tour, do a video chat walkthrough with a friend and see if you have a clear path between furniture pieces. You definitely want to avoid tripping over an ottoman while doing a live tour.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/how-to-improve-your-homes-curb-appeal-before-listing/" data-uw-rm-brl="false" target="_blank">How To Improve Your Home's Curb Appeal Before Listing</a>”
Finally, clean and dust every surface in sight, and replace all the lightbulbs so that rooms are as bright as they can be — even the most beautiful spaces won’t read well on camera if they’re too dark.
Consider Virtual Staging
If your current home is empty, you have a few options:
You can leave it empty. (But staged homes tend to sell faster.)
You can purchase furniture if you’re able to have it safely delivered to your home. You just need a few key pieces to show the scale of a room — a couch, coffee table, and rug establish a living room’s size, for instance. You can always resell or donate the pieces to charity later if you don’t want to keep them.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/2d-vs-3d-rendered-floor-plans-what-real-estate-agents-need-to-know/" target="_blank">2D vs 3D Rendered Floor Plans - What Real Estate Agents Need To Know</a>”
You could try virtual staging, which digitally adds furnishings to your space. It’s come a long way and can make a home look very attractive. There are many online services as well as DIY apps to choose from.
Your Home Looks Great — Now Share It
There are a few ways of showcasing your home online to generate more interest, even when having an agent or professional photographer doing the legwork is not an option or involves creative solutions.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2021-06-04T03:38:00-07:002023-10-23T06:37:27-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:132412D vs. 3D Rendered Floor Plans: What You Need To Know<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1032023/2d-vs-3d-rendered-floor-plans-what-real-estate-agents-need-to-know.jpg" alt="2D vs 3D Rendered Floor Plans: What You Need To Know" width="1123" height="794" />
<a href="https://www.lucidchart.com/pages/floor-plans" target="_blank">Floor plans</a> are an essential aspect of evaluating a property in the real estate business. They provide an accurate visualization of the property in the exact dimensions of the physical design.
This article will discuss the difference between a 2D floor plan and a 3D floor plan to understand both advantages and disadvantages.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/how-many-homes-a-realtor-has-sold/" target="_blank">How Many Homes a Realtor Has Sold</a>”
2D Floor Plan
A floor plan drawn in 2D or two dimensions is a 'flat' drawing of the analyzed property. A 2D floor plan includes the layout of rooms, the walls' positions, fixtures such as doors, windows, and staircases. 2D floor plans are AutoCAD drawings that provide a topological view without any reference to depth or height.
3D Floor Plan
3D floor plans are drawn in three dimensions, i.e., length, breadth, and height. A 3D floor plan includes intricate details such as walls, doors, windows, furniture entities, flooring, etc. It also shows an aerial view of the property and allows architects to suggest interior design modifications with ease.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/how-to-improve-your-homes-curb-appeal-before-listing/" target="_blank">How To Improve Your Home's Curb Appeal Before Listing</a>”
A rendered floor plan or a 3D rendering represents a 2D floor plan in a 3D perspective. Rendering improves the perspective offered by a 2D floor plan by transforming the house plans into three dimensions – giving it a more realistic look.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/1032023/2D_vs_3D_Rendered_Floor_Plans_-_What_Real_Estate_Agent_Need_to_Know.jpg" alt="2D vs 3D Floor Plans" width="768" height="224" />
<br />Here's a look at the difference between 2D floor plans and 3D floor plans for real estate professionals –
Technical Difference: 2D floor plans offer a more superficial perspective of the property as they display the floor plan on the x and y-axis. On the other hand, 3D floor plans show a detailed view of the floor plan on the x, y, and z-axis.
Affordability: Not all properties require 3D floor plans and the high-quality imaging that comes with them. 2D floor plans are cheaper to make as compared to house plans in 3D.
Quality: 3D floor plans offer a higher quality of visualization with real-time images of the property structure. 3D floor plans can also create 360-degree virtual tours of the property even before the property is built.
Flexibility: 3D floor plans offer more design flexibility in comparison to 2D floor plans. Any 2D floor plan can be rendered into a 3D floor plan for a better perspective.
Interactivity: 3D Floor Plans can be made interactive and responsive with the help of animation technology. This feature of 3D Floor plans creates a better user experience as compared to a 2D Floor Plan.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/how-to-pull-off-an-expert-home-staging-without-spending-too-much-money/" target="_blank">How To Pull Off an Expert Home Staging Without Spending Too Much Money</a>”
We hope this guide helped you understand the difference between 2D and 3D floor plans. If you still need help deciding which floor plan is best suited to your requirements, or if you want your 2D floor plan rendered into a house plan in 3D– talk to the experts at Styldod! We create hassle-free and inexpensive virtual staging solutions and <a href="https://www.styldod.com/floor-plan">3D floor plans</a> for real estate agents worldwide. Reach out to us, and we would love to talk to you!
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2021-03-19T10:48:00-07:002023-10-19T13:36:32-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:12834How To Improve Your Home’s Curb Appeal Before Listing<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10202023/how-to-improve-your-homes-curb-appeal-before-listing.jpg" alt="How to Improve Your Home's Curb Appeal Before Listing" width="1123" height="794" />
Making plans to sell your home? Now’s the perfect time to start thinking about your property’s curb appeal. “Curb appeal” refers to the attractiveness of your home and the first impression it makes on prospective buyers. The right first impression leads to a higher perceived value for your home and, ultimately, more visits and offers.
In this article, we’ll run through a few ways you can get your home ready to list and give your curb appeal a last-minute boost. Let’s dive in!
Give Your Home A Fresh Look
In a straightforward sense, “curb appeal” refers to the first impression buyers get when they pull up to your home in their vehicle. You want them to be impressed with how your home looks, and that means you need to clean up your front yard and ensure your property looks great from the street.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/avoid-these-trade-up-mistakes/" target="_blank">Avoid These Trade Up Mistakes</a>”
Exterior Painting
If your home’s exterior paint is fading, peeling, or cracking, it’s probably time to have your home repainted. Consider hiring a professional painter: they’ll have all the tools needed to repair your home’s siding or stucco before applying new paint. <a href="https://www.crashofrhinospainting.com/blog/exterior-painting-home-value-boost" target="_blank">New exterior paint can make your home</a> look decades newer and gives buyers the impression that the property has been well-maintained and cared for through the years.
Fences and Gates
If your home has a fence and gate, make any repairs needed and repaint the entire fence line. This work should be relatively easy and inexpensive. But, if done right, it can be really impressive to prospective buyers. Also, check your gate: if it squeaks when opening, apply some grease or oil. It’s the little things that count!
Windows
Finally, wash your home’s windows, both inside and out. Dirty, smudged, or dusty windows are unattractive and make a home feel old and outdated. Carefully take any screens off and then use a soft cloth to thoroughly wash the windows. Make sure you use clean water—if you live in an area with hard tap water, you may want to wash with bottled or filtered water instead of using your hose.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/reasons-why-houses-dont-sell/" target="_blank">Reasons Why Houses Don't Sell</a>”
Deep Clean The Inside Of Your Home
Prospective buyers, of course, aren’t going to just hang out in the front yard. They’ll also come in. Your home needs to be just as impressive inside as it is outside. You may not have the time or budget to commit to a full remodel, but you should reserve a weekend or two too deep clean your home and make small improvements. Here are a few ideas to get you started:
Repaint Your Home
Just like the exterior of your home, you should repaint all of your interior walls. It’s the cheapest and arguably easiest way to improve the way your home looks. After all, interior painting is a DIY-friendly project. If you’re short on time before you list, focus on painting the rooms that need a fresh coat the most. Typically, this includes hallways, your living room, and the kitchen.
Clean Your Carpets and Floors
If it’s been a few years since you had your carpets and floors cleaned, either hire a professional to help you or rent professional cleaning tools from your local hardware store. If your carpets are in especially rough shape, you may want to consider replacing them. Short of that, however, use a steam cleaner to deep clean them and treat any stains.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/how-to-pull-off-an-expert-home-staging-without-spending-too-much-money/" target="_blank">How to Pull Off an Expert Home Staging Without Spending Too Much Money</a>”
For tile, wood, and vinyl flooring, follow the manufacturer’s instructions for cleaning. With nothing more than a toothbrush and some cleaner, you can scrub the grout lines of your tile free of years of trapped dirt, dust, and more.
Preparing to list your home? For even more helpful tips and ways to improve your property’s curb appeal, check out this infographic.
<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10202023/GET_INSTANT_CURB_APPEAL_WITH_THESE_TIPS.jpg" alt=" Instant Curb Appeal Tips Infographics" width="560" height="1027" />
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2021-02-18T10:17:00-07:002023-10-20T10:03:32-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:12306How Many Homes A Realtor Has Sold?<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10182023/how-many-homes-a-realtor-has-sold.jpg" alt="How Many Homes A Realtor Has Sold?" width="1123" height="794" />
If you’re asking this question, you’re likely concerned with the amount of experience a realtor has. Maybe you’re worried you won’t sell your home without someone representing you who has made thousands of sales and is a veteran in the industry. The more sales, the better, right? Well, this isn’t always the case—numbers can be very deceiving. The answer to this question, in short, is you potentially can, but you must read those numbers with caution. The public could get an idea of the number of homes a realtor has sold by looking at a realtor’s profile on Zillow, Trulia, and realtor.com. However, not all realtors have profiles, and even if they do, their numbers are often inaccurate. Realtors typically work on a system called “<a href="https://www.investopedia.com/terms/m/multiple-listing-service-mls.asp" target="_blank">MLS</a>” to list homes for sale, and this tool can also reveal how many homes have been closed. But, MLS is not available to the public; it’s for realtors only.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/reasons-why-houses-dont-sell/" target="_blank">Reasons Why House Don’t Sell</a>”
However, there is something called “Local MLS.” Most MLS’s have a “public-facing web site” that allows you to browse current property listings. Some also have profiles of agents who are members of the <a href="https://www.car.org/en/contactus/rosters/localassocbycity" target="_blank">Local Realtor Association</a>, which includes the ability to see an agent’s current and past listings. This is only available for some MLS’s and, again, not every realtor is a part of the Realtor Association. So, this isn’t necessarily going to give you any results.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/avoid-these-trade-up-mistakes/" target="_blank">Avoid These Trade Up Mistakes</a>”
Additionally, many realtors operate in very different ways making number comparisons problematic and unequal. For example, some agents with the most substantial numbers aren’t actually the ones making all the sales. Sometimes, they are a team leader who puts all the sales of their team members under their own name. On the other side, some realtors choose to work privately. Working by referral only limits the number of sales they show in comparison but does not mean they aren’t phenomenal realtors. So, contrasting these two very different types of realtors can’t give you a quality comparison, even if the numbers were accessible. The average realtor sells about 2.8 homes a year, so getting the correct information on their track record is EXTREMELY important. Other realtors can look at their numbers and report if they see any inaccuracies which can get your realtor’s license revoked, or ruin your reputation.
The easiest way to find out how many homes a realtor has sold is to ask! When interviewing realtors for your prospective home sale, ask if you can see their closed MLS listings from past transactions. Even more useful information to you is how many homes similar to yours the realtor has sold. Look for the quality of the photos, the final sale price, and the number of days the house was on the market. Does it match what you want or are expecting? By far, the most essential information that should be a factor when choosing a realtor is their selling strategy. How are they going to push the sale of your home forward? Do they have the buyers? Are their strategies aggressive enough? Although numbers are important, a proven track record of foolproof marketing strategies and a large number of potential buyers is what is actually going to get your home sold.
Related Topic That You Might Want To Read: “<a href="https://www.tuscanaproperties.com/blog/legal-mistakes-to-avoid-when-selling-a-home/" target="_blank">Legal Mistakes to Avoid When Selling a Home</a>”
Don’t get too caught up in numbers, as they aren’t always a balanced way to compare realtors and are often inaccurate on public websites. Instead, focus on the future and what plans the realtor has to sell your home.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2021-01-12T04:53:00-07:002023-10-20T09:09:29-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:12243Expert Home Staging Without Spending Too Much Money<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10182023/how-to-pull-off-an-expert-home-staging-without-spending-too-much-money.jpg" alt="How to pull off an expert home staging without spending too much money" width="1123" height="794" />
Let’s be honest: Your home is in no state to be sold a majority of the time. Rooms are full of clutter, furniture is disorganized, and bathrooms are <a href="https://www.thebalance.com/staging-the-bathroom-without-breaking-the-bank-1799071" target="_blank">hardly mentionable</a>. If you have any hopes of selling your home, you’ll have to stage it for open houses and photos -- and <a href="https://www.tuscanaproperties.com/" target="_blank">The Jamison Team</a> is here to help you do so successfully. Here are some tips for pulling off an expert home staging without spending too much money.
Advantages of Staging a Home
Staging is the strategy of making your home as appealing as possible to encourage homebuyers to make an offer. You can make a great first impression with a well-organized and staged open house. Your efforts in prepping the home for the open house can also result in higher bids. You can stage your home without spending too much money by focusing on natural lighting, <a href="https://www.moving.com/tips/16-easy-ways-to-boost-homes-curb-appeal/" target="_blank">curb appeal</a>, and your home’s strengths.
Find a Place to Stay During the Open House
It can be awkward and uncomfortable to host an open house while you’re currently living in the home. Since you’re not planning to buy a new house until you sell the old one, it’s easy to feel stuck. Finding a place to stay during the open house can be a great way to ensure that the staging goes off without a hitch. You don’t have to move out completely, as this is more about removing you and your family from the home while potential visitors come to visit.
Assign Each Member of the Family a Certain Job
<a href="https://www.homelight.com/blog/house-cleaning-checklist/" target="_blank">Cleaning</a> and decluttering your home are necessary when preparing for an open house or staging for photos. The best way to tackle this job is through the old strategy of “divide and conquer.” Assign each member of your family a certain area of the home in addition to their own rooms. If you prefer, you could have each person in the home take care of a certain task, such as vacuuming, dusting, or picking up clutter. No matter how the tasks are divided up, this strategy can make <a href="https://www.apartmenttherapy.com/selling-your-home-11-spots-to-declutter-before-the-open-house-239813" target="_blank">decluttering</a> and cleaning a home much more bearable and manageable.
Consult Real Estate Publications
It can be difficult to come up with ways to design and stage a home for an open house; after all, interior design is an entire profession. Instead of <a href="https://www.mydomaine.com/affordable-interior-design-services" target="_blank">hiring a designer</a> to stage your home, get some inspiration and ideas from real estate publications. There are plenty of <a href="http://calhomesmagazine.com/" target="_blank">magazines</a> and websites where homes are listed for sale with high-quality pictures. Scrolling or flipping through these publications can give you some great ideas when it comes time to stage your own home. Take note of the things that catch your eye the most when browsing the many listings, as these aspects are likely to work on your potential buyers as well.
Focus on Your Home’s Advantages
Each home has something unique to offer potential buyers. When preparing a home for photos and an open house, you need to capitalize on these features to make your house more appealing. For example, if you have a spacious living room, make sure your furniture is organized to highlight this feature. If you have a nice outdoor living space, light some candles or light a fire during the open house. Highlighting <a href="https://www.hgtv.com/lifestyle/real-estate/15-secrets-of-home-staging-pictures" target="_blank">your home’s strengths</a> can really add that exclamation point that some buyers will need to consider making an offer.
People who stage their homes are at a major advantage when it comes to attracting potential buyers and making a sale. With a little bit of ingenuity and hard work, you can pull-off an <a href="https://www.realsimple.com/home-organizing/home-improvement/home-staging-tips" target="_blank">expert home staging</a> while keeping your bank accounts full.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2021-01-06T04:18:00-07:002024-01-29T07:58:37-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:12239Legal Mistakes to Avoid When Selling a Home<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10112023/legal-mistakes-to-avoid-when-selling-a-home.jpg" alt="Legal Mistakes to Avoid When Selling a Home" width="1123" height="794" />
When you’re buying or selling a home, there are many important legal issues, large and small, that you should be aware of. To begin with, residential real estate is not an uncomplicated process. subtle legal details need to be taken care of when such a major investment is transferred from one party to another, If not they can turn into major problems if not handled correctly. It is essential to be as informed as possible in order to properly protect yourself in the process of buying or selling a home.
Several issues that will certainly cost you. In this report, we identify 3 of the most common of these issues. Because there are many legal issues to consider, your first step is to consider choosing reputable and experienced professionals to represent your interests.
When selecting your real estate agent, ensure you find someone who has extensive experience with the process. They should also refer you to a local real estate lawyer who can ensure protected interests.
3 Legal Clauses That Can Work To Your Disadvantage If Not Worded Correctly:
Survey Clause
Homebuyers have the right to have a survey clause added to the real estate contract on the home they wish to purchase. When this home is yours, you should be aware of the implications of this clause.
Your current survey may no longer be up-to-date if you have had a swimming pool built, or an addition added since the survey was drawn up. If your survey is not up-to-date by these standards, the buyer may request an updated survey. The home seller may be required to bear the cost to have a new survey prepared. The cost for this process typically runs anywhere from
$700 to $1,000. This is $700-$1,000 less than you will net for your home.
An experienced real estate agent should provide you with a survey and it is up to the buyer to decide if the survey is acceptable. Your agent should be able to advise you appropriately when dealing with this issue, but if you or your agent are unsure, you have the right to consult your lawyer before you sign the offer. Don’t be afraid to take this important step, as thousands of dollars could be riding on the decisions you make at this point.
Home Inspection Clause
Some real estate transactions have fallen through because of the wording of the inspection clause. This clause previously stated that the buyer has the right to rescind their offer if they were dissatisfied with the outcome of a home inspection. In some cases, this was used unfairly against the seller when a minor repair issue would give a buyer a legal loophole to their change of heart.
Meanwhile, the seller lost both time and money because of this technicality. First, they may have declined other offers (offers which may now be lost forever) in favor of the one which has now fallen through and missed the opportunity for other offers that might have come through during the current negotiations. Secondly, their home may have been unfairly labeled as a “problem house” which could cost them in terms of the dollar amount of subsequent offers. And thirdly, they then found themselves back on the market, incurring the inconvenience and additional carrying costs of having to market their property for a longer period of time.
This clause should read that the seller has the option to fix any items that the home inspection flags. This wording protects both the buyer and the seller. The buyer is assured that the home they are buying meets objective structural standards, and the seller is protected against the whim of a buyer who changes his/her mind. Not all contracts will be written in this way. Make sure you are working with a lawyer experienced in real estate matters to ensure your interests are protected.
Swimming Pool Clause
If the home you are buying or selling has a swimming pool, there should be a specific legal clause that addresses this costly item. Some contracts are written to provide a warranty to the pool to survive closing. The broadness of this wording protects buyers but is not necessarily in the best interest of sellers who might instead request that the clause be worded to indicate that, at the time of closing, they believe the pool to be in good working condition. The existence of a pool in any home negotiation is certainly reason enough to ensure that you seek advice from a real estate professional and obtain legal counsel so that your interests are represented properly.
By being aware of these and other legal issues, and by seeking advice from an experienced real estate professional, and obtaining legal counsel, you can protect yourself against unnecessary costs and potential hardship.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2021-01-05T08:28:00-07:002023-10-19T15:30:53-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:12176Reasons Why Houses Don’t Sell<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10122023/reasons-why-houses-dont-sell.jpg" alt="Reasons Why Houses Don't Sell" width="1123" height="794" />
If your house has just come off the market and hasn’t sold, don’t be discouraged. The reason it didn’t sell may have nothing to do with your home or the market. In reality, your home may have been one of the more desirable properties for sale. If <a href="https://www.tuscanaproperties.com/sellers/how-to-sell-a-house-that-didnt-sell/" target="_blank">your listing has expired</a> and you still want results, before you put your home back on the market, take a step back and review your situation.
Question 1 – Where should you begin?
Start by making a commitment to do what it takes to market your house to get it sold. With the right system, the home sale you want is still well within reach.
Question 2 – Why didn’t your home sell?
Review your previous selling plan and you’ll discover that an expired listing usually reflects a problem in one or more of these four major areas:
Teamwork
Pricing
Condition of Your Home, and
Marketing
TEAMWORK
Your home is a major financial investment, and your relationship with your Realtor® should be a full partnership where your needs and wishes are heard, and you receive detailed and dependable feedback on the progress of your sale. Your agent has a responsibility to source this feedback from the agents who have shown your home, and to communicate this to you so together you can make the right decisions about what to do next. How well did this occur the last time you had your home up for sale?
HOT TIP!!!
Every Seller Can Boost a Property’s Exposure!
Make your house easy to show.
– Consider installing a lockbox.
– Allow showing times that are convenient to buyers.
Use a “For Sale” sign, where permitted.
Create a Good First Impression by:
– depersonalizing furnishings and decor so prospects can visualize themselves in your home;
– emphasizing curb appeal;
– keeping large pets at a distance.
REMEMBER – The next prospects who visit your home may
PRICING
Did price work for or against you?
The “right” price depends on market conditions, competition, and the condition of your home. Pricing it too high is as dangerous as pricing it too low. If your home doesn’t compare favorably with others in the price range you’ve set, you won’t be taken seriously by prospects or agents.
You’ll get the facts when you see the statistics!
To help you to establish a realistic selling price for your home, ask your agent to provide you with an up-to-date competitive market analysis to give you:
– a review of comparable <a href="https://www.tuscanaproperties.com/sellers/can-you-tell-how-many-homes-a-realtor-has-sold-sellers/" target="_blank">homes recently sold or currently for sale</a>,
– an idea of how long other homes have been listed, in order to calculate an
average time in which a home can sell in today’s market,
– a review of homes whose listings have expired, to understand what issues were at play.
Note: There is no mention of how much you paid for your home or its improvements. Like any other investment, the market value is determined by what a willing buyer will pay and a willing seller will accept.
CONDITION OF YOUR HOUSE
Showcase Quality!
Is your house someone else’s idea of a dream home? When buyers enter are they inspired?
Do they think, “I love this house!” Remember, the decision to buy a home is based on emotion, not logic. A house in move-in condition invites a sale.
You need to consider:
– fixing all the little squeaks and cracks
– keeping it clean for all showings
– making it uncluttered
– brightening it up
– what your home shows like from the street concentrating on outside curb appeal.
Plus – Consider taking care of major items, such as having your home painted. Offering an
allowance to your prospective buyers, so they can have painting completed is not the same as having done it for them. Now, as they’re trying to imagine what that new paint job will look
like, they may also be discounting the price even further because of the less-than-perfect look of those walls.
Remember….
A house that presents well, sells for the best price because it outshines the competition.
MARKETING….Marketing Your House To Sell!
Some Questions You Should Be Asking!
One of the first steps in your marketing plan involves finding an agent who will best represent you. When interviewing agents, test and compare their knowledge and ask each to demonstrate how they will <a href="https://www.tuscanaproperties.com/sellers/27-seller-tips/" target="_blank">market your home to buyers</a>. Compare, too, how much money each spends on advertising the homes s/he lists, in what media (newspaper, magazine, etc.), and the effectiveness of one medium over the other. Remember, it’s not just how much they spend, but how they spend it.
Say goodbye to any real estate agents using old, traditional methods to sell your home because they don’t work in today’s market!
To be competitive in today’s marketplace, agents who use new and innovative, non-traditional marketing approaches are the ones who are getting more homes sold fast and for top dollar.
Another HOT TIP!!!
To get the best results when selling your home, you need to team up with your agent to develop a powerful marketing plan that exposes your property to the widest possible pool of prospective buyers.
And Remember…Not all agents are the same. The relationship between you and your agent can make the difference between selling your home fast, or not selling it all.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2020-12-29T11:30:00-07:002024-02-08T12:23:21-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:12116Avoid These Trade Up Mistakes<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10122023/avoid-these-trade-up-mistakes.jpg" alt="Avoid These Trade Up Mistakes" width="1123" height="794" />
Unlike the experience of buying a first home, when you’re looking to move-up and already own a home, there are certain factors that can complicate the situation. It’s very important for you to consider these issues before you list your home for sale. Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings.
6 STRATEGIES
Knowledge of these six mistakes, and the strategies to overcome them, will help you make informed choices before you put your existing home on the market.
Rose-colored glasses
Most of us dream of improving our lifestyle and moving to a larger home. The problem is that there’s sometimes a discrepancy between our hearts and our bank accounts. You drive by a home that you fall in love with only to find that it’s already sold or that it’s more than what you are willing to pay. Most homeowners get caught in this hit or miss strategy of house hunting when there’s a much easier way of going about the process. For example, find out if your agent offers a Buyer Profile System or “House-hunting Service,” which takes the guesswork away and helps to put you in the home of your dreams. This type of program will cross-match your criteria with ALL available homes on the market and supply you with printed information on an on-going basis. A program like this helps homeowners take off their rose-colored glasses and, affordably, move into the home of their dreams.
Failing to make necessary improvements
If you want to get the best price for the home you’re selling, there will certainly be things you can do to enhance it in a prospective buyer’s eyes. These fix-ups don’t necessarily have to be expensive. But even if you do have to make a minor investment, it will often come back to you ten-fold in the price you are able to get when you sell. It’s very important that these improvements be made before you put your home on the market. If cash is tight, investigate an equity loan that you can repay on closing.
Not selling first
You should plan to sell before you buy. This way you will not find yourself at a disadvantage at the negotiating table, feeling pressured to accept an offer that is below-market value because you have to meet a purchase deadline. If you’ve already sold your home, you can buy your next one with no strings attached. also, If you do get a tempting offer on your home but haven’t made significant headway on finding your next home, you might want to put in a contingency clause in the sale contract which gives you a reasonable time to find a home to buy. If the market is slow and you find your home is not selling as quickly as you anticipated, another option could be renting your home and putting it up on the market later – particularly if you are selling a smaller, starter home. You’ll have to investigate the tax rules if you choose this latter option. Better still, find a way to eliminate this situation altogether by getting your agent to guarantee the sale of your present home (see point number 5 below).
Failing to get a preapproved mortgage
Pre Approval is a very simple process that many homeowners fail to take advantage of. While it doesn’t cost or obligate you to anything, pre-approval gives you a significant advantage when you put an offer on the home you want to purchase because you know exactly how much house you can afford; and, you already have the green light from your lending institution. With a preapproved mortgage, your offer will be viewed far more favorably by a seller – sometimes even if it’s a little lower than another offer that’s contingent on financing. Don’t fail to take this important step.
Getting caught in the “Real Estate Catch 22”
Your biggest dilemma when buying and selling is deciding which to do first. Point number 3 above advises you to sell first. However, there are ways to eliminate this dilemma altogether.
Some agents offer a Guaranteed Sale “Trade-Up” Program that actually takes the mistakes or problem away from you entirely by guaranteeing the sale of your present home before you take possession of your next one. If you find a home you wish to purchase and have not sold your current home yet; they will buy your home from you themselves so you can make your move free of stress and worry.
Failing to coordinate closings
With two major transactions to coordinate together with all the people involved such as mortgage experts; appraisers; lawyers; loan officers; title company representatives; home inspectors or pest inspectors the chances of mix-ups; mistakes and miscommunication go up dramatically. To avoid a logistical nightmare ensure you work closely with your agent.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2020-12-21T10:06:00-07:002023-10-18T06:55:48-07:00Sandy Jamisontag:tuscanaproperties.com,2012-09-20:3353Why You Should Consider Selling in the Winter<img src="https://assets.site-static.com/userfiles/1265/image/1_blog_images/10122023/why-you-should-consider-selling-in-the-winter.jpg" width="1123" alt="Why You Should Consider Selling in the Winter" height="794" />
Selling Your Home in Winter: Advantages and Misconceptions
The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities.
Selling in the winter can give you a few advantages. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking no matter the time of year. Keeping your house on the market in the winter might bring the right buyer to your door. Real estate agents also tend to be less busy during these months and commit more time to get your home sold.
Studies have shown winter buyers are buying because they need to move right away either for a <a href="https://www.tuscanaproperties.com/sellers/12-step-roadmap-to-your-next-destination/" target="_blank">relocation</a> or personal situation. They will want to close quickly and allow for a much smoother sale.
Bottom Line
If you need to sell your home right away, or have some time but want to see what is out there, consider listing in the winter. Most homeowners who are going to sell will list their home in the spring, making for a competitive market. The winter allows buyers who are in a hurry to move to consider your home and sell for more money than you would have in the spring.
More Questions? Follow-up With Us!
If you have more questions about what to expect from the markets around the Bay Area, don’t be afraid to reach out to us today. Our experts are experienced in all property types and the entire San Francisco Bay Area, and we can help you to find what you need to know today.2019-02-12T10:13:00-07:002024-02-08T12:41:28-07:00Sandy Jamison