ALL DATA IS SINGLE FAMILY HOMES ONLY, ALL INFORMATION FROM THE MULTIPLE LISTING SERVICE Happy New Year to all! I think it safe to say 2020 was a memorable year even though there’s a lot about it we’d be only too happy to forget! In review, 2020 began with a lot of promise...
In the summer of 2019 I wrote a blog posting on Accessory Dwelling Units (ADUs) and how cities are making it easier to install one as an answer to the housing shortage....
While the real estate market is quickly rebounding in the wake of the coronavirus lockdown, many homeowners are still hesitant to list their homes for sale. At the same time, buyers are reluctant...
As someone who usually posts on real estate activity you might wonder why my current post is on sleep! While this may look like a total segue, it's not. I'm blessed to have the most wonderful clients and after working as an agent since 1993, I have the good fortune to be in contact with a lot of amazing people! Nowadays, it's hard not to be affected by what's happening in our country, there are concerns around Covid, the upcoming elections, and now a lot of Northern California is, once again, dealing with fires and poor...
In looking at the current real estate market, it's helpful to start nationwide, then concentrate on our Peninsula cities. Nationwide, new listings have dropped significantly, yet are slowly recovering. Sellers are hesitant to list their homes for several reasons. Firstly, not all home owners can move out of their homes prior to listing, which means they will have to make their homes available to buyers to walk through; in today's Covid market place, a lot of home owners are reluctant to do this. Secondly, with a lot of buyers losing part of their down payment through stock market losses,...
We've now been practicing Shelter in Place (SIP) for over 30 days and I'm sure that your life, like mine, has undergone quite a change! From the many conversations I've had with people, I understand that while we're all adjusting, some are having a harder time than others...
The new year is always a good time to reflect and review, so I've done just that! With the real estate market so changeable in 2018, I've taken a look at what's happened over the past 5 years and noticed the following which I think is noteworthy (you can look at the charts themselves to get more information)...
1) When's the best time to sell? 2) When’s the best time to buy? 3) Are we in a bubble? While none of us have a magic ball, there are certainly trends we can watch; the past doesn't predict the future yet it can help us with general decisions. Looking at the data I've compiled this time, here's how I'd answer these questions: 1) When's the best time to sell: If you have the luxury of being able to plan ahead, I'd recommend listing in the February/March/April time frame in order to have a close sometime in April, May or June, properties are taking a little...
Every real estate investor dreams of becoming the next land mogul. However, we all have to start somewhere, and that usually means starting small. It takes time to build an empire. Thankfully, with a little preparation now, you can lay a solid foundation upon which to build your financial future, whether you’re investing in a vacation rental or traditional rental. Setting your expectations First things first: You cannot expect to become an instant millionaire off a single property. Instead, look at your first investment as your learning curve. It’s an opportunity to experience first-hand...
When I'm asked about investment property, people often also ask about "in-law" or "granny" units, these second units are officially known as Accessory dwelling units, or ADUs. Building an ADU on to, or next to, an existing home has many advantages: Allows extended family or childcare to be near one another, yet having some separation for privacy Provides space for adult children to live Are cost effective Can be an income source Want to build an ADU? If you're interested in building an ADU onto a home you currently own, or are looking to buy something where part of the property...