In residential real estate, the best number to track to understand the current market conditions is months of inventory. Months of inventory is the number of months until all of the homes currently listed for sale are sold per the current rate of sales. For example, if a particular area has 90 active listings on the market and 30 pending […]
Sitegeist is a mobile app that helps users access data about their surroundings in seconds. The app draws from publicly available information and presents it to you in a clean, graphically pleasing format. Find Localized Information in Seconds As a real estate agent, I am always looking for tools to help my clients during the […]
A Nielsen Scarborough USA+ study found that during the past year, new homeowners spent $18 billion on home improvement projects. There is a trend of home improvement projects for new homeowners and the graphic below shows the most popular.
Once a buyer and seller of California residential real estate agree to the terms of an offer, the escrow period begins. The first thing the buyer’s real estate agent should do after an offer is accepted is schedule a home inspection. The home inspection is an out-of-pocket expense for the buyer and part of his/her due diligence. […]
A National Association of REALTORS® survey named the “2013 Profile of Home Buyers and Sellers” provided some interesting insight to the characteristics of home buyers and the type of home they purchased. Savvy home sellers can read this data to do what they can to make their home more appealing to buyers. While the savvy home […]
When you want to submit an offer on a home for sale, your real estate agent will help you write the offer. In California, buyers use the 8-page California Residential Purchase Agreement to present offers to sellers. While finding a home is a large part of the real estate agent’s job, a good agent will speak the language […]
As a homeowner or landlord, it is important to save an appropriate amount of reserve funds to maintain your property. This ensures you maximize your home value and command the best rent from your tenants. However, you must first understand the life expectancy of different household components to create a home maintenance schedule. The data below came from […]
Now that it’s summer, we’re all thinking about ways to cool our homes. If you live in Southern California, there is a good chance your home doesn’t have central air conditioning, but does have ceiling fans. Did you know there is a correct direction a fan should spin during the summer months? So, which direction should a ceiling […]