3 things to know about selling a home

Selling a home in the current economy can be challenging, although the market is certainly improving.  Nevertheless, there are some easy guidelines that can help you get your house sold quickly, so that you don’t have to live through open house after open house:

●     Get your house in order (literally). Even before you contact a real estate agent, a simple cleanup can make sure you are showing your home off to its best advantage. This can also help you get the best price.  Think about what you would want to see at an open house – if there are minor repairs or paint touch-ups to be done, do them.  Remove clutter and consider sending your pets elsewhere during your open house.  Your real estate agent (and bank balance) will thank you.

●     Choose (or don’t choose) a real estate agent. You may be tempted to go it alone when it comes to selling a home – and if you have the time and connections to give your house the marketing exposure it really needs, that may work for you.  However, if your goal is a speedy sale (especially in a tough economy), finding a reputable real estate agent can be well worth their commission. It may even save you a few mortgage payments in the long run! A good local real estate agent will also know what prices have been like in your neighborhood – they will have the most realistic view of what your home is worth and how to price it.

●     Be patient. Selling a home takes time, even if it’s a relatively fast sale.  It can seem that from the time you put your house on the market until closing and moving day, you must keep everything in perfect condition – for someone else – just in case a potential buyer stops by or in case a pending sale falls through.  In the end, it’s worth the effort. The better your home looks, the more effectively you and your real estate agent can get it sold.
Selling a home may not have the fun shopping aspects that come with buying a home, but sticking to the simple guidelines above can help make the process more bearable – and more lucrative.

HBS1Our headline is the question? many people are asking. Well, bursting the real estate bubble in Sacramento Housing Market mostly depends on whether the appreciation in the market is real or manufactured. With the government backing so many loans at 3.5% down, so many home buyers are instantly upside down in their home after they buy it, as it takes about 8-10% to sell it.

Even with unemployment going down, I wonder how many of these new jobs are substantial… solid jobs – ones where people are making a good living and able to buy or invest with confidence. Following are some points to think about:

  • The market will keep going up as long as there is demand, and I know with my list of buyers, there is HUGE demand.  And, it will keep going up as long as there is a perception of health in our economy – that seems what everyone wants to feel, even if it’s just a perceived reality.  How long will it last?  Or, at what price are these home unattractive to both investors and buyers?
  • Especially for investing… proceed with caution.  People will only invest if they know that they can get out safely within 6 months.

It’s interesting that the seasoned investors say – they are unsure and don’t know, especially when the wisdom of the day is to make certain proclamations like, “We got 2 years of appreciation!” or “Once the unemployment rate falls to ____, then interest rates will go up.”  Some of these statements have truth embedded, but beware of those who “knows for sure.”

Average price per square foot for Folsom CA was $202, an increase of 23.9% compared to the same period last year. The median sales price for homes in Folsom CA for Jun 13 to Aug 13 was $399,500 based on 291 home sales. Compared to the same period one year ago, the median home sales price increased 22.7%, or $74,000, and the number of home sales decreased 13.9%. There are currently 152 resale and new homes in Folsom, including 109 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Folsom CA was $523,101 for the week ending Sep 10, which represents an increase of 1%, or $5,032, compared to the prior week. Popular neighborhoods in Folsom include American River Canyon and Natoma Station, with average listing prices of $520,454 and $175,000.

Planting and taking care of trees is a great way to boost a home’s curb appeal, and October and November are the best months for planting trees because of the cooler soil. Before planting, though, you’ll want to be sure that the trees you add will also add value to your home. Watch out for these common tree dangers to keep your home and yard in prime condition.

1. Roots Harming the Foundation

In most cases, tree roots cannot pierce through a home’s foundation. But this doesn’t mean that they can’t do other damage. If there are already pre-existing cracks in a building’s foundation, a large tree root can penetrate through. Big root systems are also known to lift or unsettle the foundation, by growing underneath the home and leeching water from the soil. Beware of large trees too close to the home or drainage piping, and if it looks like there could be a problem, hire a professional to consult with before the problem really gets out of hand.

2. Trees Ruining the Roof

It’s common sense not to have a big tree hanging right over your house. After all, falling branches can be seriously dangerous for your home and your safety. But there are other reasons you don’t want a tree branch hanging too close to the roof. Leaves, broken twigs, and other droppings from trees can really take a toll on your gutters. Clogged gutters can then lead to ice dams, or water penetrating through to the house. And trees can also be used by insects and rodents to gain access to your house. You should always plant trees far from your house, since it’s hard to predict exactly how far each tree’s roots will spread.

3. Unmanaged Trees Looking Terrible

In addition to the structural reasons to take care of your trees, it’s important for curb appeal to keep up with tree maintenance on your property. Dead trees can take years to fall, and will result in a never-ending process of decay and falling twigs, branches, and then the trunk. In the end, this can leave your home looking more haunted and vacant than warm and inviting.

 

According to a new study conducted by UCLA and UC Berkeley, “green” homes sell for 9 percent more than their counterparts. This means that while the average home in California is selling for $400,000, a green home goes for $434,800.

But what exactly is a green home? Houses with the “green-label” are those that have been labeled by Energy Star, LEED, and GreenPoint for features such as increased energy efficiency. So, while these houses may cost you 9 percent more upfront, they’ll be saving you on your utility bills in years to come.

Not sold on the green movement? That may have to do with the region you live in. The study shows that the sale of green homes varies considerably throughout different regions of California. Not surprisingly, these houses sell best in areas with hotter climates. People in the hottest weather probably put the most money into energy bills, and so have the most incentive to buy a more energy efficient pad.

Be sure to consider location before investing heavily into green home features. In addition to climate, the study found that the number of green homes sold at high prices correlates with the area’s overall eco-ideology. For example, areas with the most hybrid-drivers also ranked high in green-labeled homes. Keep in mind that a green home is much more valuable to a green community.