Are Home Seller Ready For Smart Technology

We are talking about their homes being equipped with smart technology, not the real estate agent being tech savvy. 

No longer are people happy with just a home. They want their home to be connected. If it is not connected when they buy it, they will consider adding technology, but that means that a home without it will be less valuable to them.

Start building your memories,
as you turn your house into a home. 

As you might guess, this document is a compilation of information from our own efforts as REALTORS, as well as input from other REALTORS in our Coldwell Banker office.  I hope it has been of value to you.  Don’t hesitate to email us with any suggestions that will make this document better for you and your fellow homeowners!

Be sure to follow us on Facebook at www.Facebook.com/ElkGroveRealEstate.  For information about properties available for sale and for more information for buyers and sellers, please visit our website at www.ElkGroveRealEstate.com and don’t hesitate to give us a call or drop us an email with your questions.

When people buy a home, the often feel Buyers’ Remorse

What causes it?

More often than not, it is caused by a lack of understanding and knowledge about the process of buying a home. If the buyer does not know what to expect or feels lost or confused during the process, it would seem clear to me that the agent needs to take time to communicate with his or her buyer.

What should your agent do?
Communicate with the buyers!!!

As an agent, it is incumbent upon me to make sure that my buyers understand the process. Make sure that I anticipate their questions and provide the education needed during the process so that all of their questions are answered as we move forward. We need to make sure to give the buyer the time and flexibility to think about what they are doing and to not rush them into buying the first home that comes available. Show them different homes in different neighborhoods and talk to them about taking the time to spend weekends, evenings, commute times, etc… in the neighborhoods to get a feel for it. Is that where they want to live and raise their family?

Then, take the time to explain the process of looking at homes, making offers, negotiating terms, doing inspections, understanding the escrow process, understanding the loan process,

If your agent is not providing this type of service to you, then you need to find an agent who will put your needs first. Take a look at the picture below and you will see what many buyers felt after they purchased their home. Armed with this information, you may be ready to find the right agent, ask the right questions, and take all the time you need to be comfortable with the process of buying your home.

Start building your memories,
as you turn your house into a home. 

As you might guess, this document is a compilation of information from our own efforts as REALTORS, as well as input from other REALTORS in our Coldwell Banker office.  I hope it has been of value to you.  Don’t hesitate to email us with any suggestions that will make this document better for you and your fellow homeowners!

Be sure to follow us on Facebook at www.Facebook.com/ElkGroveRealEstate.  For information about properties available for sale and for more information for buyers and sellers, please visit our website at www.ElkGroveRealEstate.com and don’t hesitate to give us a call or drop us an email with your questions.

Start building your memories,
as you turn your house into a home. 

As you might guess, this document is a compilation of information from our own efforts as REALTORS, as well as input from other REALTORS in our Coldwell Banker office.  I hope it has been of value to you.  Don’t hesitate to email us with any suggestions that will make this document better for you and your fellow homeowners!

Be sure to follow us on Facebook at www.Facebook.com/ElkGroveRealEstate.  For information about properties available for sale and for more information for buyers and sellers, please visit our website at www.ElkGroveRealEstate.com and don’t hesitate to give us a call or drop us an email with your questions.

Start building your memories,
as you turn your house into a home. 

As you might guess, this document is a compilation of information from our own efforts as REALTORS, as well as input from other REALTORS in our Coldwell Banker office.  I hope it has been of value to you.  Don’t hesitate to email us with any suggestions that will make this document better for you and your fellow homeowners!

Be sure to follow us on Facebook at www.Facebook.com/ElkGroveRealEstate.  For information about properties available for sale and for more information for buyers and sellers, please visit our website at www.ElkGroveRealEstate.com and don’t hesitate to give us a call or drop us an email with your questions.

Over the past year, the Sacramento-Tahoe region has seen a “normalization” of its housing market with inventory beginning to climb back to normal levels, sales moving higher and price increases gradually easing. As we look toward the new year, industry experts see that trend continuing, creating a more balanced market for our area.If the forecasts hold true, this could be welcome news for potential homebuyers, many of whom may have missed out on purchasing a home in 2014.When the final numbers are tabulated for 2014, the California Association of REALTORS® said it expects single-family home sales in California for the year will have been down about 8.2 percent from the previous year. But the organization is forecasting a 5.8 percent jump in sales statewide in 2015.The 2014 median home price in California was expected to finish nearly 12 percent higher than its 2013 level, CAR® said. However, the organization is forecasting that prices will rise moderately in 2015 with a projected 5.2 percent increase in single-family median home prices.Nationwide, the National Association of REALTORS® expects that existing home sales will be higher this year and prices will remain at a “healthier level of growth that should benefit both buyers and sellers.” Lawrence Yun, chief economist for NAR®, forecasts that existing-home sales in 2014 are expected to be 4.9 million, and then increase to 5.3 million in 2015 and 5.4 million in 2016. He expects the national median existing-home price will rise 4 percent in 2015 and another 4 percent in 2016. His prediction is based upon more homes on the market, greater consumer confidence and continued pent-up demand. “The improving job market has consumers feeling more confident, and the rebound in home prices is building household wealth for homeowners and giving them the ability to sell after waiting the last few years,” Yun said. According to a recent article in REALTOR® magazine, 2015 should present first-time homebuyers with a good opportunity to jump into the housing market after largely staying away since the housing crisis but this prediction may not be true in all areas of the country. “In 2015, increases in employment opportunities will empower younger buyers to return to the market and fuel the continued housing recovery,” says Jonathan Smoke, chief economist for REALTOR.com®. “If access to credit improves, we could see substantially larger numbers of young buyers in the market.” The reemergence of first time buyers is one of several forecasts for 2015 made by REALTOR.com®, including: Millennials driving household formation. Households headed by Millennials are expected to see significant growth in 2015, particularly if the economy continues to make gains. Existing-home sales rising. Distressed properties will make up a smaller share of that growth as investor purchases continue to play a diminishing role in the market. Mortgage rates to inch up to five percent. Rates are expected to increase as the Federal Reserve increases its target rate. This could lead to an average 30-year fixed-rate mortgage of five percent by the end of 2015. (It averaged just under four percent in mid-December, according to Freddie Mac.) REALTOR® magazine said housing affordability may fall slightly in 2015 due to home-price appreciation and rising mortgage interest rates, but any decline in affordability will probably be offset by an increase in salaries next year for many households. “When considering historical norms, housing affordability will continue to remain strong next year,” the magazine notes. So if you’ve been sitting on the sidelines, 2015 may finally be your chance to jump into the housing market. With rates still near historically low levels and more homes expected to come on the market in the coming year, this may be your opportunity to find the home you’ve been waiting for. I’m ready to help. Please give me a call or send me an email and we’ll get started today.

Start building your memories,
as you turn your house into a home. 

As you might guess, this document is a compilation of information from our own efforts as REALTORS, as well as input from other REALTORS in our Coldwell Banker office.  I hope it has been of value to you.  Don’t hesitate to email us with any suggestions that will make this document better for you and your fellow homeowners!

Be sure to follow us on Facebook at www.Facebook.com/ElkGroveRealEstate.  For information about properties available for sale and for more information for buyers and sellers, please visit our website at www.ElkGroveRealEstate.com and don’t hesitate to give us a call or drop us an email with your questions.