Saturday, July 8, 2017

Are you ready to sell your home in and around the Conejo Valley? Here is some advice to get you started.

The very first things you want to do are declutter and depersonalize.  I know you've probably heard this a million times, but it's true.  Some buyers have a hard time picturing their lives in a house that is filled with other people’s stuff and personal photographs.  Removing a good amount of these things will help sell your home sooner.  Another thing you want to do right away is make sure you don't have any faucet, sprinkler leaks and/or electrical issues.  Addressing any of these prior to having a home inspection will save you money, as you won't have to potentially pay a plumber and electrician your potential buyer wants to hire.  Doing this before a home inspection will also help keep you from losing a potential buyer.  Many people assume if there are minor leaks and electrical issues that could mean there are major issues as well.  And, they will back out on the purchase, causing stress for the sellers that could have been avoided.  You also want to make sure that all appliances are working properly.  In California you must make sure that your water heater is up to code with earthquake strapping.  Additionally, if your exterior and interior paint need sprucing up, repainting is an inexpensive way to brighten up your interior and give your home greater curb appeal.  This will also help it sell faster.  You want to make sure your front and back lawns remain freshly mowed.  However, don't put too much money into additional landscaping.  If your home ends up needing to be tented for termites and other pests, some of your landscaping may be affected by this.  All of these things will help you to sell your home sooner and help avoid unnecessary stress.  Selling and buying a home can be stressful regardless, why not avoid the stresses you can.

When I work with sellers I provide full service.  I come out to your home and am happy to give advice on getting it ready to put on the market for sale.  If you need my help in hiring plumbers, electricians, general contractors, painters, gardeners, stagers, gutter and drain specialists, termite and pest control specialists, etc., I will help in hiring and overseeing completion of work.  If your home will be vacant when put on the market, I highly recommend staging.  I partner with an excellent staging company and this has helped sell my sellers homes both at a higher price and more quickly.  I'll market your home on the MLS as well as all online real estate sites and social media including, Realtor.com, Zillow, Trulia, Redfin, Facebook, Twitter, LinkedIn, my blog, every possible place I can find the next buyer for your home.  I design beautiful flyers to place outside of your home for potential buyers and other real estate agents to take with them when they drive and or come to your home to preview it.  I'm happy to put a lock box on your home for other agents to come to show your property.  I ensure all showings are by appointment only and I coordinate all showing appointments with the sellers and the potential buyer’s agents.  If you prefer not having a lock box I will accommodate that as well.  I will do everything to make selling your home as smooth as possible.  Please do not hesitate to contact me for any assistance with your real estate needs.

I represent clients in the Conejo Valley, Newbury Park, Thousand Oaks, Westlake Village, Lake Sherwood, Hidden Valley, Oak Park, Simi Valley, Malibu, Malibu Canyon, Malibu Beach, Agoura Hills and all surrounding areas.

Below are just a few examples of flyers I have designed for homes that were both occupied and vacant/staged.  I work in all different price ranges and provide all services appropriate for your home type, whether in the $500,000's or in the multi millions, my service is the same for everyone.





The 10 Paint Colors Designers Use Most







With hundreds of paint colors to choose from, selecting the shades just right for your home can be daunting. Good Housekeeping magazine recently rounded up the top 10 paint colors most often used by professional home designers. Get inspired by them:

1. Palladian Blue – By Benjamin Moore, this blue-green-grey shade can be used in any room, and is especially ideal for cooling down a sun-filled room or adding tranquility to a bedroom.

2. Garden Stone – By Clark+Kensington, this classic warm grey shade is a designer favorite projected to stand the test of time.

3. Manchester Tan – By Benjamin Moore, this shade is a go-to warm neutral favored because it changes with the light, going from rich to fresh.

4. Compatible Cream – By Sherwin Williams, this creamy yellow shade is warm and inviting, but not too sunny.

5. Intense White – By Benjamin Moore, this shade gives off a light grey-ish tone. Designers use it as a backdrop for rooms with brightly colored furniture.

6. Sprout 0.6 – By Colorhouse, this shade has a slightly pinkish hue, and is often chosen for ceilings because it reflects flatteringly on people in the room.

7. Revere Pewter – By Benjamin Moore, this fail-safe neutral shade is the perfect alternative to white, ideal for open floor plans with just a hint of color.

8. Decorator’s White – By Benjamin Moore, this shade has pure white undertones that provide a crisp, clean look on ceilings or trim, or in bathrooms. 

9. Essential Grey – By Sherwin Williams, this shade is best paired with white trim for a clean, sophisticated aesthetic.

10. Wool Skein – By Sherwin Williams, this neutral shade coordinates well with any color.
 

Friday, July 7, 2017

Renovations That Cause Neighborhood Feuds

Homeowners doing renovations can develop feuds with their neighbors if they’re not cognizant of how work on the project affects the rest of the neighborhood. After all, one homeowner’s upgrade could be another’s downgrade. Realtor.com® recently ticked off common home improvement spats.
Additions that block views. Large additions that block views or cast shadows onto a neighboring lot are the most common sources of neighbor disputes involving a remodeling project, according to Mark Grisafe, an architect in Long Beach, Calif. Homeowners would be wise to consider what the neighbors will see from their windows—will they suddenly have a view of a brick wall?—once the addition is built.
Lengthy projects. Tension with neighbors is bound to brew if there’s “a permanent front yard landscape palette that features weeds and a chain-link construction fence that lingers for a year,” Grisafe says. Owners should work with contractors to limit construction noise and traffic congestion as much as possible to be respectful of the neighbors.
Distracting colors. “Bright primary colors are just not proper for exterior use unless you live in Key West or the Caribbean,” says Juan Carlos Daetz, a home design expert at Max Warehouse. “Any color that goes against the theme or general use of the neighborhood can be distracting and may harm property values.” Owners should consult HOA guidelines and neighborhood covenants when tackling an exterior paint job.
Too much lighting. “Make sure [construction] lights aren’t aimed at your neighbors’ windows, and be considerate about the hours that you use high-beam lights,” says Brad Woods, owner of American Turf and Tree Care in Colorado.
Source: “7 Home Improvements That Could Turn Your Neighbors Against You,” realtor.com® (June 29, 2017)

Wednesday, June 7, 2017

June 2017 National Housing Trends Newsletter

Angela Yglesias

Levesque Realty 

Cell: 805-490-4944   
Phone: 805-490-4944 

Housing Trends

June 2017

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National market update

Existing-Home Sales Slip 2.3 Percent in April; Days on Market Falls to Under a Month

WASHINGTON (May 24, 2017) — Stubbornly low supply levels held down existing-home sales in April and also pushed the median number of days a home was on the market to a new low of 29 days, according to the National Association of Realtors®.




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Housing Gets Off to a Good Start

Despite weak economic growth, housing got off to a good start in 2017. This is in part because interest rates have been a bit of a surprise, drifting down since March. Lower interest rates and strong job growth have bolstered housing demand. The U.S. housing market is now on track to eclipse last year as the best in over a decade.



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National housing indicators

Existing home sales (April)

5.57 millions units*

Existing home median price (April)

$244,800

Housing Starts (April)

1.172 millions units*

New home sales (March)

0.621 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

1st Quarter 2017

63.5%

1st Quarter 2016

63.6%
The homeownership rate of 63.6 percent was not statistically different from the rate in the first quarter 2016 (63.5 percent) or the rate in the fourth quarter 2016 (63.7 percent).

New home sales

March 2017

+5.8%

April 2017

-11.4%
Sales of new single-family houses in April 2017 were at a seasonally adjusted annual rate of 569,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.4 percent (±10.5 percent) below the revised March rate of 642,000, but is 0.5 percent (±11.3 percent)* above the April 2016 estimate of 566,000.
Source: U.S. CENSUS BUREAU

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Representing residential and commercial buyers and sellers in Ventura and LA Counties.
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Consumer tips & hot properties

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Home Sales Expected to Soar Through 2018: What Buyers Need to Know

Even though there still aren’t enough homes on the market, existing-home sales are expected to rise 3.5% in 2017—and keep up the momentum in 2018.


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In It to Win It: Land Your Dream Home by Avoiding These 7 Mistakes on Your Offer

Making an offer that wins the house can be easier said than done—especially in a competitive market. Don’t blow your chances with any of these common home offer mistakes.


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These 4 New Rules of Selling a Home Can Make or Break a Deal

It might be a seller’s market, but getting top dollar for your home these days involves a bit more than sticking a "For Sale” sign on your lawn.


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8 Signs It’s Time to Walk (and Maybe Run) Away From a Hom

Sometimes, when you look more closely at a house, things emerge that should probably be deal breakers.


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10 Sneaky Tricks to Make Your Living Room Look Expensive

When it comes to designing your living room, you don't have to spend a lot of money to make it look like you spent a lot of money.


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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.

Wednesday, May 3, 2017

Home Inspections: Items That Aren’t Deal Breakers


After making an offer on a home, you’ll enter into a contract. Part of that contract should always include getting a home inspection. It is recommended that any homebuyer make an offer to purchase contingent upon a home inspection. This allows you to withdraw your offer if there are any major issues discovered during an inspection.
More than likely, the home inspector will find problems that need to be fixed before closing. Major foundation issues and significant water damage are at the top of the list of signs to walk away from.
On the other hand, there are some home defects found during an inspection that don’t have to be deal breakers. Many of them can be fixed, and they can be used to negotiate with the seller for a lower selling point or additional help with the closing costs.

Lead-based paint

Lead-based paint was banned in 1978, but it’s still possible that you could purchase a home that contains it, if it was built before the ban. The sellers should disclose this, but the home inspector may find it as well.
Ultimately, it is up to you to decide how comfortable you are with purchasing a home that has lead-based paint, but it doesn’t have to be a deal breaker. You can hire a contractor who is certified to remove lead-based paint, and the home will be completely safe.

Concrete floor cracks

Cracks in a concrete basement floor may seem like a structural problem, but this is natural and not indicative of significant damage. Small cracks occur in concrete because it’s a porous substance. These cracks can be fixed at a relatively low cost, and shouldn’t be a reason for you to back out of a contract.
What is something that’s cause for concern are cracks in concrete walls, as these may or may not be associated with the structure. If the wall has moved or if the cracks have a large opening, then these would be deal breakers.

Mold

Mold is something that no one ever wants to see in a home you put an offer on, but just because you find a little bit of mold by the shower, doesn’t mean you need to back out of your offer, at least not immediately.
If mold is found during the home inspection, have a qualified mold inspector take a look. Not all molds are toxic, but the safest way to determine if this is a deal breaker is by hiring a mold professional.

Bug infestations

Bug infestations can cause significant damage to the home’s structure if they aren’t exterminated quickly and efficiently. A home inspector may find signs of an infestation during an inspection, but how do you tell if it’s truly a deal breaker?
The best way to know if there is pest damage to the home’s structure or foundation is to ask a qualified pest expert to do an additional inspection of the home. Someone who is a specialist will be able to tell you if the home just has a few bugs, or if you need to rescind your offer.
When problems arise during home inspections, it doesn’t always mean you have to back out of your contract. Home inspectors will often find problems outside of their scope of expertise, so always get a second opinion from a specialist before making a final decision. In many instances, these problems are opportunities to negotiate with the seller. You can request that the seller do the repairs, or ask for money to put towards repairs.
You can also ask the seller to include a home warranty on the home in the contract of sale, but it won’t repair the problems found in a home inspection contract. A home warranty is there to protect you from aging systems and appliances after you buy. Think of getting car insurance on a car that was just wrecked and then opening a claim. It wouldn’t work, because the insurance was put on after the damage happened. The same goes for a home warranty.
Courtesy of Whitney Bennett and  Housecall

Millennials Finally Flee Parents’ Homes

The pace of young adults leaving their parents’ homes is accelerating significantly, Fannie Mae’s Economic and Strategic Research Group notes in a new analysis.
Young adults in their mid- to late 20s or early 30s living with their parents fell between 2013 and 2015—a period known as the economic recovery—much more so than between 2010 and 2012, when the economy and housing market were still recovering from the Great Recession, researchers note.
Young adults aged 24 to 25 in 2013 and 26 to 27 in 2015 residing with their parents dropped by 7.6 percentage points. On the other hand, those who passed through that same age range between 2010 and 2012 saw a decline of only 5.4 percentage points, researchers note.
“Stronger income growth and an accelerated rate of marriage are likely two primary reasons why millennials are starting to leave their parents’ homes at a faster pace,” researchers note.
Millennials in their 20s or early 30s saw their income, adjusted for inflation, grow by at least 23 percent between 2013 and 2015 when compared to 2010 and 2012. Further, their incomes are at least 81 percent greater than between 2008 and 2010.
Also, millennials in their late 20s and early 30s between 2013 and 2015 were getting married at a markedly faster rate than their predecessors did in that same age range during the recession and the recovery thereafter, Fannie Mae’s report notes.
“Millennials’ accelerated rate of departure from their parents’ homes bodes well for housing demand,” Fannie Mae’s Economic and Strategic Research Group notes in the report. “Cohort analysis shows that the increased pace of leaving home has been accompanied by accelerated young-adult household formation.”
Source: “Starting to Launch: Millennials Are Leaving Mom and Dad’s Basement,” Fannie Mae’s Housing Insights (2017)

Realtor in Thousand Oaks, Conejo Valley

I help people selling their homes get them sold quickly and almost always at 100% asking, even over in some markets. I save my real estate b...