Exposing Filthy Tenants

Exposing Filthy Tenants

  How landlords are fighting back against the world's grosses tenants!   Sometimes tenants really don’t care about maintaining the condition of a property, as some landlords have found out the hard way.  A new Facebook page called Disgusting Renters is allowing landlords to fight back against filthy tenants and vent frustrations over renters who leave their properties in poor condition. The site was created by Craig Morgan after the mobile home that he and his wife rented out had been trashed by the family renting it.  The home was littered with trash and pet urine and feces.  The flea-invested...Read more
3 Times You Risk Losing Your Deposit

3 Times You Risk Losing Your Deposit

  The deposit you put down for a home purchase is not refundable under certain circumstances.   When making an offer to purchase a home, you must also specify the amount of your earnest money deposit.   This is not the same as your down payment; the earnest money deposit (EMD) is an amount held as collateral in escrow for the consideration of the sale.  If the sale goes through and escrow closes, your EMD is put toward the down payment and closing costs. Depending on where you live, you can expect to offer up anywhere from 1% to 10% of...Read more
Starter Homes Are Making A Comeback

Starter Homes Are Making A Comeback

  Starter homes were declared “nearly extinct” in 2015.  This year, building is on the rise.   Home prices are high and inventory is low as we head into the summer months.  Competition for median-range homes has been fierce, with many would-be homeowners being edged out by bidding wars.  But help may be on the way. According to a recent analysis by Builder, a national home building magazine, the number of homebuilders offering entry-level housing is on the rise, over 25% from last year.  This segment of the market has been floundering since the recession.  A 2015 report by California’s...Read more
Home Staging 101

Home Staging 101

Professional home staging can help you get top dollar for your listing.   If you’ve been visiting open houses recently, chances are you come across a staged home or two.  Professional home staging has grown in popularity and we are now seeing homeowners and investors alike enticing buyers with curated spaces in just about every price range.  Why Stage A Home? Only 10% of prospective buyers can visualize a home looking any different than the way it looks when they walk in the door.  They need help.  Staging a home can help buyers imagine the property as a future home,...Read more
The Urban Exodus

The Urban Exodus

  Are megatropolises creating a geographical boundary of inequality?   In case you haven’t heard enough griping about California’s over-priced real estate market recently, here is a little more fuel for the fire.  As cities become more popular and affluent, particularly with the attraction of high-paying jobs, the divide between the upper class and the middle and lower classes becomes more apparent and geographically based. Cities are becoming high-income districts unto themselves, with the poor and less affluent moving into the suburbs or as far as affordable transport permits.  As the price of living in America’s most expensive urban areas...Read more
May 2016 Market Update

May 2016 Market Update

  California continues to top the charts in real estate.   California dominated the nation’s top 20 hottest real estate markets for May 2016, claiming half of the most popular real estate markets.  Four out of five of the most active real estate markets are from California, with Vallejo topping the charts this month. Asking prices for homes hit record highs in May, and homes flew off the market as fast as we’ve seen since the housing recovery began.  The median home price for May is about 9% higher than it was one year ago, and 2% higher than in...Read more
Ideas For Every Backyard

Ideas For Every Backyard

  Backyard ideas that will add style, functionality and value to your home.   It’s time to prepare for summer!  Outdoor patios and living spaces will soon be occupied with people hosting neighborhood barbecues and various social gatherings. That also means that prospective homebuyers will be looking to take advantage of homes that are adequately prepared to host an outdoor event. So whether you are a homeowner or a rehabber, the summer months offer the perfect opportunity to upgrade your backyard. It has become increasingly difficult to distinguish lavish interior living spaces from functional outdoor lounges. The lines that once...Read more
7 Benefits of Outdoor Space

7 Benefits of Outdoor Space

  Creating an idyllic and cozy outdoor environment is good for your wallet and good for your health.   It's common today for backyard space to be used as an extension of your living space.  People are investing more in the back of their property, and the home-improvement boom is driving that engine. A study by the University of Michigan found that consumers value a landscaped home 11.3% higher than the same home without good landscaping. A well-cultivated outdoor space can do wonders for your home’s value, but there are many other benefits to be gained from your backyard.  The...Read more
2016 CA Investor Survey

2016 CA Investor Survey

  Find out what the current real estate investor market overview says about today's real estate market   Tracking investors in the real estate market can sometimes shed some light on the state of the industry.  The California Association of Realtors recently released it’s annual investor survey, detailing investor’s share of the marketplace and where they are putting their funds.   Transactions Declining The survey found that real estate transactions are declining overall, both for homeowners and investors.  Investors transactions have declined about 55% since 2014. Buyers Dominate In general, it seems investors tend to buy more than they sell,...Read more
The Lowdown on Teardowns

The Lowdown on Teardowns

The practice of demolishing a home to build another has changed significantly since the Great Recession. Sometimes it’s smarter to demolish a major fixer rather than remodel it, and sometimes not.   Teardowns are hardly new. In the late 1990s and early 2000s, entire blocks and neighborhoods were bulldozed to make room for new, larger, and more luxurious houses. This often made economic sense when the price of land was valued higher than the existing house and where extensive remodeling wasn’t cost-effective. Many saw a higher return on investment when starting from the ground up. But the recession of 2008...Read more