Friday, February 15, 2019

50 plus Seniors 4 Question to Ask Before Selling Your House!

              


What are the 4 questions every 50 plus Sacramento Seniors should ask before putting their home on the market? Let's start with question number 1:

   1.  What price should I list my house for?
        With all the information on the internet, it is hard to know where to start.  Be you
        can not go wrong with educating yourself about your local real estate market. 
        You can down load computer generated house values or you can hire an
        appraiser.  But I believe the best place to start is with your local neighborhood
        realtor.  The realtor will prepare a market analysis.  He/she will take into
        consideration market conditions, comparable properties, the condition of the
        subject property and local Multiple Listing Service Data.

   2.  Will my house stand out in today's market?
        Certainly you want your home to stand out in today's changing new market.  We
         are beginning to find that homes are staying on the market longer.  Therefore
        you have to make sure that your homes stands out so that it will get the attention
        it needs to sell in a timely fashion.

3.    What is the demand for homes to buy?  The best approach to answering question 3
        and question 4 are by viewing the graph prepared by the local Multiple Listing
        service.

   4.  How quickly are homes selling in my market?

All Sacramento County Area Combined
The neighborhood graph shows the number of "Homes for Sale", the number of "Homes Closed" and the number of "Homes Pending" for the  last 15 months. 

January 2019 Average Continuous Days on Market trend is Rising*Continuous Days on Market in January 2019: 49 
Up 8.9% compared to last month
Up 28.9% compared to last year

January 2019 Sold/Original List Price Ratio is Falling*
Sold/Original List Price % in January 2019: 96% 

Down 1% compared to last month
Down 2% compared to last year

*Based on 6 month trend - Rising/Falling/Remains Steady
* All reports are published February 2019, based on data available at the end of January 2019, except for the today stats. All reports presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.The printed information in this blog is provided with the understanding that the authors and publishers are not herein engaged in rendering legal, accounting or tax advice. As such, the content of this blog should not be used as a substitute for consultation with your accounting, tax or legal professional. 



Thursday, January 31, 2019

Is Our Market Changing?



We are definitely in a changing market.  For the past few years homes have sold almost instantly.  Sellers controlled the market.  Now, it appears that home buyers will have a true opportunity to negotiate price and terms.  In addition more homes are available and some home are beginning to staying on the market longer.  Interest rates are also starting to move upward.  

Whether selling or buying, seniors that are downsizing or moving up need to have realistic expectations about selling or asking price.  The best place to start is to educate yourself then call your REALTOR®. I can help you begin your journey by giving you access to Sacramento's local Multiple Listing Service  neighborhood alerts. These daily alerts will show you "what's currently on the market" and "what has sold around your current residence". Access alerts by Clicking this link.  You can request additional information. We love texts and emails. But if you call, we will answer the phone. We still cherish the human voice.  In the months to come we will explore topics such as probate, reverse mortgages and empty nestings.

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Zip Code 95823
January 2019 is a Seller's market*

Home For Sale in January 2019: 86 units.
0% compared to last month
Up 56.4% compared to last year

Home Closed in January 2019: 47 units.
Up 11.9% compared to last month
Up 2.2% compared to last year

Home Placed under Contract in January 2019: 61 units.
Up 41.9% compared to last month
Up 15.1% compared to last year

*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales

January 2019 Average Continuous Days on Market trend is Rising*

Continuous Days on Market in January 2019: 48 
Up 50% compared to last month
Up 50% compared to last year

January 2019 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in January 2019: 98% 
0% compared to last month
Down 1% compared to last year

*Based on 6 month trend - Rising/Falling/Remains Steady




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All Sacramento County Area Combined
 
January 2019 is a Seller's market*
Down 8.3% compared to last month
Up 24.8% compared to last year

Home Closed in January 2019: 840 units.
Down 23.1% compared to last month
Down 25.4% compared to last year

Home Placed under Contract in January 2019: 1235 units.
Up 35.9% compared to last month
Down 2% compared to last year

*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales
January 2019 Average Continuous Days on Market trend is Rising*

Continuous Days on Market in January 2019: 49 
Up 8.9% compared to last month
Up 28.9% compared to last year

January 2019 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in January 2019: 96% 
Down 1% compared to last month
Down 2% compared to last year

*Based on 6 month trend - Rising/Falling/Remains Steady




* All reports are published February 2019, based on data available at the end of January 2019, except for the today stats. All reports presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.The printed information in this blog is provided with the understanding that the authors and publishers are not herein engaged in rendering legal, accounting or tax advice. As such, the content of this blog should not be used as a substitute for consultation with your accounting, tax or legal professional.  

Friday, October 26, 2018

Seniors, Utilize Caution When Using the Equity in your Home!




With all the hype about rising house prices and growing equity, seniors need to beware.   Before using your equity, speak with a tax professional. No one wants a tax surprise that will eat up most of their gain.  As a senior are you moving to a city were you can transfer your tax basis and take advantage of Proposition 60/90?  Caution, It is possible that you have spent 30 years paying on a mortgage.  Make sure you do you homework if you are thinking about downsizing or expanding.

Thursday, October 18, 2018

Sacramento's 50 Plus Crowd - Fair Housing Is Now 50!

The Fair Housing Act is now 50!  Former United States President Lyndon B. Johnson signed into law Title VIII of the Civil Rights Act of 1968.  Today it is commonly known as the 1968 Fair Housing Act.  

                         
  
This phenomenal piece of legislation was signed into law just one week after the assassination of Dr. Martin Luther King,  Jr.  Nineteen sixty eight was a tumultuous time for this nation.  The 1968 Fair
 Housing Act gave the country the shove it needed towards equal opportunities in housing, employment, and education for all citizens. Unfortunately it took 102 years to enforce the Civil Rights Act.  Initially when the Civil Rights Act of 1866 was signed into law, there wasn't any enforcement by Federal or local authorities.  The law was to give all citizens the right to own, occupy, and transfer real estate. Today in 2018, the 1968 Fair Housing Act is still a major milestone.   







Disclaimer:  I am a licensed California Real Estate Broker.  Please contact the proper professionals for tax, legal or financial advice. 

Tuesday, October 9, 2018

Some insight on what's going on with house prices!

What̢۪s Going On With Home Prices? | Simplifying The Market

According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year.
CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change,

Monday, October 8, 2018

Sacramento's 50 plus Home Owners, home prices are starting to rise!

Sacramento 50 plus Home Owners, home prices are starting to rise across the country, so has home equity.  Now is a great time to access how much equity is in your home.  It could be the perfect time to move up or down to your next home.  A consultation is free!  Schedule an appointment. (916)224-0482 text, (916)424-7000 office, diane@taylordrealestate.com email.  http://EquityorShort.com

Friday, October 5, 2018

A shift in the market could mean equity in your home!

Housing inventory is up year-over-year for the first time in three years which means that home price appreciation will likely begin to slow. If you're looking to buy or sell a home, now is still a great time! Schedule an appointment and let's talk.  

Monday, October 1, 2018

Sacramento Home Buyers the market is changing
 in your favor!   
 https://www.dianetaylor.realtor/Pages/Available-Down-Payment-Money.aspx

50 plus Seniors 4 Question to Ask Before Selling Your House!

               What are the 4 questions every 50 plus Sacramento Seniors should ask before putting their home on the market? Let's ...