Posted by Bree Castro on Tuesday, June 20, 2017 at 1:46 PMBy Bree Castro / June 20, 2017Comment
The San Diego County rental market has a vacancy rate of only 2.2%! Why the shortage of inventory? It is a combination of a lack of new home construction and an increase in both population and employment growth. That unfortunately doesn’t leave renters with much of any selection for housing. Due to the scarcity, rents have increased tremendously.
The average 1 bedroom in the county is now close to $1,800 per month. Owners can now be extremely selective in who they rent to. We are frequently seeing owners advertise “no pets” on almost every listing. Additionally, the credit score minimum has increased dramatically for most owners and management companies. Applicants used to get away with lower credit by paying a higher deposit but that is not the case any longer.
Some owners will even discriminate against families, requesting just a single individual,...
For a long time, I’ve been on a crusade against the status quo, or doing the same things everyone else does and acting average. That kind of mentality is something that’s pushed on us by our government, our education system, and the media. I’m uncomfortable with my life in the hands of amateurs. I’m a Realtor, and in my own industry the...
Posted by Casey Miller on Wednesday, May 24, 2017 at 10:49 AMBy Casey Miller / May 24, 2017Comment
In a nearly unanimous vote, the U.S. Federal Reserve increased the Federal Funds Rate by 25 basis points on Wednesday, March 15th, bumping it to between 0.75% and 1.00%. Federal Reserve Officials expect to hike rates by 25 basis points two more times in 2017.
While the rate increase indicates a strong economy, it will mean higher interest rates for mortgages and other consumer and business loans across the country. The Federal Reserve gave no indication that it plans to begin to reduce its large holdings of mortgage-backed securities (MBS) any time soon, and since Fed purchases of MBS have helped push mortgage rates lower, reduced demand for MBS from the Fed would be negative for mortgage rates.
About the Fed Funds Rate The Federal Funds Rate is the rate at which banks can borrow...
There are so many numbers that get thrown out in regards to the market and people make a lot of assumptions based on those. Today I’m going to go over the real numbers to let you know exactly what is happening in our market.
One of the assumptions is that any home will sell. That couldn’t be more wrong. Just in the last 30 days, 688 homes...
Posted by Daniel Beer on Tuesday, May 16, 2017 at 10:10 AMBy Daniel Beer / May 16, 2017Comment
These home sellers invested a great deal of their time and money into upgrading this home and so needed an agent who could earn them top dollar.
Extremely motivated to get on the market, they gave us a call interested in knowing more of our Guranteed Sold program that promises our clients we will sell their home at 100% of their asking price within 29 days or we will pay the difference.
After finalizing the renovations and landscaping, their home was ready to be put on the market. Our team implemented the 5 Day Blitz™ program, which in turn brought in dozens of people through the first day of showings creating a competitive environment. ...
Posted by Daniel Beer on Tuesday, May 16, 2017 at 9:48 AMBy Daniel Beer / May 16, 2017Comment
After seeing several Beer Home Team For Sale signs in their neighborhood, these homeowners decided to meet with our team to learn more about our business and how we have become so successful in the community.
The couple was moving out of state for work and so needed to sell their home quickly. While interviewing other agents, Beer Home Team's home selling strategy stuck out to them the most and seemed as if it would being the most value.
With that, we implemented our 5 Day Blitz™ program right away. After a few home improvements, professional staging and top-notch photography, this home was ready to be put on the market.
Posted by Casey Miller on Monday, May 15, 2017 at 12:10 PMBy Casey Miller / May 15, 2017Comment
The front entrance of your home is the first thing visitors see, and also the most noticeable part of the home to passers-by. Upgrading your front entrance is easy, and increases the curb appeal of your home.
Fresh paint is an affordable, easy, and interesting way to update your home. Choose a color that compliments the style of your home, and the existing exterior colors. If you are looking for a more eye-catching look, try a darker color. A unique color scheme is the best way to stand out, but you don’t want to go overboard.
If you want a more natural look to your door, re-stain it. A nicely stained door will set your home apart from your neighbors’ factory painted doors. There are...
Posted by Brian Danney on Tuesday, May 09, 2017 at 1:36 PMBy Brian Danney / May 9, 2017Comment
By Brian Danney
Some homeowners don’t fully understand or appreciate the importance of having a homeowners association. For all they know it is just another monthly payment that they are required to pay. However, what they don’t realize is that HOA’s can add far more value to the neighborhood. Not only do they enforce community rules and guidelines, but they also offer perks. Overall, the association protects the homeowner’s real estate investment.
Standard HOA’s fees include security, common area maintenance and landscaping, water, trash and cable services, complex community amenities (i.e., gyms, pools, spas, and recreational rooms), etc. Most...
Posted by Daniel Beer on Tuesday, May 02, 2017 at 11:31 AMBy Daniel Beer / May 2, 2017Comment
This issue is really the root of all other pricing issues. Most sellers view the asking price as the future sales price. But your asking price is not your sales price. Your asking price is a strategic decision to position your property for what will hopefully be maximum exposure in the market place.
Very simple proof that your asking price is not your selling price is that some homes sell below the asking price, some sell above the asking price, and yes, some will sell at the asking price. However, even in those cases, it is important to understand that the asking price was still a marketing price and it is entirely possible that money was...
Posted by Daniel Beer on Wednesday, April 26, 2017 at 1:30 PMBy Daniel Beer / April 26, 2017Comment
After attending our Annual Community Pie Giveaway last year, these homeowners decided to meet with our Head of Listing Department to learn more about our business and we have become so successful in their community.
The couple was moving to Utah for work and so needed to sell their Del Sur home quickly. While interviewing other agents, Beer Home Team's home selling strategy stuck out to them the most. It was a no brainer.
After a few home improvements, professional staging and top-notch photography, this home was ready to be put on the market.
Over 35 groups, close to 100 people, came to the first day of showings! Just 6 days and...
Posted by Daniel Beer on Tuesday, April 18, 2017 at 3:13 PMBy Daniel Beer / April 18, 2017Comment
by Daniel Beer
Stop following the crowd! Like everything else in life, when you are doing the same thing everyone else is doing, you typically will get average results. That is a law categorically impossible to break. By definition, if you act average, you will get average.
For home buyers, average takes on the shape of doing what all other buyers are doing. Looking at the same homes. Chasing down the latest home to hit Zillow or your favorite website. Attending the same open houses. Calling on the same “For Sale” signs.
The result, much to your chagrin and all too familiar if you are currently on this path, is that you are constantly in a state of frustration as a buyer because the best...
Posted by Daniel Beer on Tuesday, April 11, 2017 at 10:22 AMBy Daniel Beer / April 11, 2017Comment
Why would an agent take an overpriced listing? At first glance it would be a silly and pretty much stupid thing for an agent to do. Why would an agent want to spend their time and money marketing a property that they aren’t sure will be able to sell and by most any objective measure is overpriced?
A stream of very logical questions. Fair questions from home sellers that are simply looking for an honest discussion with somebody they hope is not only a real estate agent, but a professional real estate agent. Somebody that understands the nature of their fiduciary responsibility to their client.
Nevertheless, we all know that there are some homes out there that are priced beyond the range of reasonable value and will sit indefinitely. Perhaps you have actually experienced this ugly scenario yourself with a prior home sale.
Posted by Casey Miller on Tuesday, April 04, 2017 at 4:29 PMBy Casey Miller / April 4, 2017Comment
If you’re thinking about adopting a new furry family member, you should always take into account the amount of space you have for your new addition.
San Diego has beautiful beaches, and some, like San Elijo State Beach allow dogs; but if having a dog won’t work for your space, fear not! Finding a furry friend to share your space, however large or small your space may be, is easy, and we’ve got a great guide for you.
If you’re living in a small place there are some great pets you can add to your family. Hamsters, birds, rabbits, guinea pigs, and geckos are fantastic pets that don’t take up much space. Aquarium fish are another great small space option, and will add a nice ambiance to your space. If you’re more adventurous, a...
Today I’ll break down how to achieve the empowered home sale.
Have you ever sold your home and found yourself wondering if you could have had more, even if you got your asking price? Most people would say yes. Subconsciously we understand that all the traditional home selling model ever gives us is an...
Posted by Casey Miller on Wednesday, March 22, 2017 at 4:13 PMBy Casey Miller / March 22, 2017Comment
Deciding to buy a home together with your partner can be a huge decision. It’s a decision that will add a new dynamic to your relationship, and you’ll want to make sure you and your partner are on the same page. We’ve got some great tips to help you prepare for this big decision.
Chances are that you will be sharing many of the same priorities, but that doesn’t necessarily mean you will agree on everything. What type of home do you want? How important is a big kitchen? If you plan on having children in the future (or if you have them already), how important is it that the home you buy is in a good school district? What about the quality of the neighborhood? How long is the commute? Living in a lovely beach area...
Posted by Casey Miller on Monday, March 20, 2017 at 3:49 PMBy Casey Miller / March 20, 2017Comment
Prevent dust by optimizing your home’s humidity levels between 40% and 50%. Low humidity causes static electricity, and more static means more dust will become attracted to objects and fixtures around your home.
You can help prevent soap scum from accumulating on your shower doors by treating them with automotive windshield rain repellant spray as needed. This will create a protective layer that encourages water to bead off the glass. If you need to remove soap scum that has already accumulated, make a paste with baking soda and vinegar, and apply it to your shower doors. Allow the mixture to sit for 15 minutes, then scrub it clean with water.
Posted by Casey Miller on Wednesday, March 15, 2017 at 5:17 PMBy Casey Miller / March 15, 2017Comment
The amount of time your San Diego home is on the market, the stress levels involved, and the selling price of your home can all be affected if you decide not to use a realtor to sell your home.
The average selling price of a home sold by the owners in San Diego is approximately $40,000 lower than a home sold by realtors. Realtors have access to local market data about recent sales, and other listed homes in your area. Realtors also know negotiate a contract on your behalf that will give you the best outcome.
Realtors on average sell homes 19 days faster than owners. They have more availability than you to when it comes to inquiries, showings, and feedback from buyers. They also have professional marketing expertise, and buyers...
Posted by Casey Miller on Monday, March 13, 2017 at 4:24 PMBy Casey Miller / March 13, 2017Comment
A final walk-through isn’t a home inspection, you will have (or should have) already done that. Bring your contract with you. You may need to refer to it when you’re on site.
In the San Diego market, the buyer and seller may never meet, but if both parties are agreeable to the idea, it’s good to perform the final walk-through with the sellers present.
If the sellers have already moved, and the home if vacant, it’s even more important to do a final walk-through. Since your last visit, for instance, someone may have left a faucet dripping, inadvertently causing water damage.
When you do the final walk-through, take a checklist with you....