San Mateo County and Redwood City Home Sales

Redwood City Sales Stats
Home Sales Statistics

Here is the Single Family home sales statistics for Redwood City, July 2017. (Hold your breath):

New: 47.  Inventory: 34. Sold: 38.  Average Day on Market: 15.  Average Sales Price: $1,647,573. Med Sales Price: $1,627,500. Price per square foot: $905. Total Sales Volume: $62,607,777. Average home size: 1,828 square feet. Months of Inventory: 0.7.

Call/text me if you are curious on your home’s worth at 650 483-4932!!

Ugly Home Features Buyers Don’t Like

Ugly Features
Ugly Home Features Buyers Don’t Like

There are some ugly home features buyers don’t like, but are not too hard to fix if you are thinking of selling your home. According to a recent Realtor.com report, here they are:

Ugly kitchen cabinets

Most kitchens don’t require a full renovation. According to Remodeling magazine: “As long as the cabinets aren’t 20 or 30 years old, repainting and adding new handles is relatively cheap and can change the entire look of the room.” Refinishing an existing cabinet will cost about $1,400 to $3,500, according to HomeAdvisor, a home services marketplace.

Wallpaper

Wallpaper covering the rooms is something else buyers don’t like. But removing and hanging wallpaper is a relatively easy do-it-yourself job. Or, hiring a contractor for professional wallpaper installation costs about $500 per room, according to HomeAdvisor.

Tacky paint colors

How about pink or purple? Try to help buyers overlook distracting colorful walls. Have them imagine it painted a color to make the room even look larger, like gray or a cool blue. After all, paint tends to be an easy fix, either as a do-it-yourself job or done professionally. Professional painters typically cost from $380 to $790 for a 120-square foot room.

Carpet

Buyers sometimes focus on old or dirty carpeting. But a good cleaning can bring new life to worn carpet. Shampoo vacuums cost $90 to $200, a professional-grade carpet cleaner can cost $400, or you can rent one from a hardware store for about $25 to $30 per day. Professional carpet cleaning companies tend to charge a minimum of $75 to $109, according to CostHelper.com. For home purchasers who just can’t get past the carpet, they may want to budget for installing new carpet at about $2 to $5 per square foot for middle-grade carpet material, according to HomeAdvisor (often 1,200 square foot of new carpet will cost about $2,400 to $6,000).

These are some less expensive ideas to help you fix-up your home for buyers and get the most amount of money for your home. Want more? Email/Call or Text me at 650 483-4932 for many more ideas!

Make Your House Look Great!

Model Home
How to Make Your House a Model  

Want to make your house look like a Model Home? Try: Quartz counters, more windows, wider plank flooring and “Drop Zones”.

Want more ideas? Give me a call at (650) 483-4932 for what works and what isn’t working on ROI (Return on Investment)

 

 

 

 

Top 20 Markets March 2017

Top 20 Markets
Top 20 Performing Markets For March 2017

Realtor.com®’s economic data team identified the largest metro areas where homes are selling the fastest and garnering the most views.

California markets continue to dominate. Some new metros were added to this month’s list: Santa Cruz, Calif.; Fort Wayne, Ind.; and Grand Rapids and Ann Arbor, Mich.

Is time to sell, or wait a bit? Call me at 650 483-4932 to find out.

Resale Return On Investment: What Works?

Projects Worth Doing
Return On Investment

What projects should you consider doing, if you are thinking of selling your house? This list includes what you should and shouldn’t do.

If you would like a more detailed list, give me a call at 650 483-4932 or email me at rafaelcastrojr@gmail.com

Just Listed In San Francisco!

Nicely updated condo! Located in one of San Francisco’s fastest growing, up and coming neighborhoods. This is a 3 bedroom, with 1 full and 2 half baths. New exterior shingle siding and new backyard Redwood fence. The well thought out 2-level floor plan shows the  living, entertaining and kitchen space on the first floor and the top floor shows the master suite and 2 more bedrooms. Excellent natural lighting throughout the unit, with a storage shed, and a south facing private patio. Great location near the Dogpatch neighborhood, AT&T Park, Mission Bay, and near public transportation. This is an excellent opportunity to own in San Francisco!

Video Link: http://tour.obeo.com/theme1/?ID=1130449

Call me for a Tour today! 650 483-4932

Selling Your Home In The Winter

Selling in Winter Months
Selling Your Home in The Winter

Selling your home in the Winter season may actually be a good idea.

According to statistics, the Spring season is the best time since you have a better chance of selling for over asking (the list price) and getting into contract.

But, the second best season to list a home? That would be the Winter months. According to Redfin’s new report, Spring just nudges out the Winter season.

Spring listings received 18.7 percent above the asking price while Winter listings were close behind at 17.5 percent. Also 48 percent of homes listed in the Spring sold within 30 days and 46.2 percent of homes in the Winter sold within those same 30 days, not much of a difference!

Summary of the statistics:

  •     Spring: 18.7% sold above list price
  •     Winter: 17.5% sold above list price
  •     Summer: 15.1% sold above list price
  •     Fall: 14.7% sold above list price

Some reasons why listing your house in the Winter months are good:

Some sellers are waiting until the Spring season to list their home, but by then other seller listings are also on the market.

Your house will stand out better in the Winter months with less houses on the real estate market.

Buyers that are buying need to do so, regardless of the temperature outside. They may need to move immediately, for example, to re-locate for work.

The Winter months in the San Francisco Bay Area are not frigid like in other parts of the country as it can be back East, thus not affecting the real estate market as much.

Buyers without children or of school age may not need to be settled in their new home before the school year starts, thus can begin their search at anytime.

The perceived notion that buyers can get a better deal in the Winter months (somewhat) will bring out serious buyers.

If you have thought of selling or buying your home right now, give me a call at 650 483-4932. Also, call so I can send you my brochure “Selling Your Home in the Winter” which, by Redfin’s statistics, is certainly not a bad idea.

How To Choose a Real Estate Agent

Picking a Real Estate Agent
How Do I Choose a Real Estate Agent?

How To Choose a Real Estate Agent

Selecting the right agent is the first and most important step in helping you sell your home for the most money, in the least amount of time, with the least inconvenience to you. So, how do you choose a Real Estate Agent? What questions should you be asking them?

The real estate universe is full of people who sell real estate. Some agents are hard working, focused and great communicators, both with their clients, other real estate agents and the public . There are others, unfortunately, that are not. Whether you’re a buyer or seller, here are 8 ways on understanding on how to assess a real estate agent’s abilities to help you achieve your buyer or seller objectives, by looking at the major events in the real estate transaction.

The 8 Major Events in a Real Estate Transaction:

  • Overall Marketing Management. Experience in marketing. Ask the agent their AND their company’s history on what they do. What real estate education or Designations do they have, which will help them help you? What local and worldwide networks do they belong to? What is their local market share? How quickly did their listed homes sell? What is their Expiration Ratio (how many listings resulted in a closed sale)? Can you request and receive the agent’s references and recent clients? Why do they charge the commission they are proposing? (most importantly how do they react to this question? See more in point 8)
  • Exposure to Other Real Estate Agents. What method(s) do they use to communicate with other top agents? Why do they compensate what they do to the other agent? Do they do office tours, agent open houses and agent networking? Can they show you how they have done it with their last clients?
  • Exposure to The Public. What is their marketing plan, strategy and implementation for your particular home? What is their: 1) Mass Market, 2) Local Level , 3) Neighborhood exposure, and 4) In-home  marketing plan? Do they have a single page flyer they can give you on the spot on some top marketing ideas they will be doing?
  • Securing Buyer Prospects. How does the agent respond to prospect inquires? For example, how does the agent convert a phone call into an actual showing of your home? How long does it take to respond to a 1) Phone call or text, 2) an e-mail? What systems are used to capture prospects and to respond to questions on your home? Do they answer their own sign calls?
  • Preparing Your Home For Sale. What guidance takes place to prepare the home to make it most appealing to the maximum amount of buyers without breaking the bank? Does the agent provide insurance and warranties? How will they keep you from potential lawsuits after your home has sold? How will they communicate to you the showings and interest in your home? What if you don’t want a key box safe installed on your front door?
  • Their Negotiating and Closing Skills. This is perhaps the area which is the most misunderstood and least talked about when a homeowner interviews his/her prospective real estate agent. The agents skills will almost always determine what you will get in the end. For example, ask them what are the most common buyer objections, and how they will overcome them? How do they treat low-balling, or a really high offer?  What do they do to get the buyer to a binding contract and stick to it until the selling process is complete? What education do they have for selling your home? Do they have the SRS—Seller Representative Specialist designation, recognized by the National Association of Realtors (NAR)?
  • Getting The Deal Done. Ask how the agent manages the entire closing process. How will they respond to problems, as they are guaranteed to come out during the closing process? How do they handle the closing calendar? Do they have a licensed, experienced assistant that is an expert in doing all the important paperwork? When do they communicate with you, the seller, on what needs to get done, how and why? How and when will they update you?
  • Getting Your Final Equity Payment. Once the above major events are successfully completed, you will receive your hard earned money!! Something to note is the agent should be able to discuss what they charge in commission and why. Also, what they pay for out of their own pocket to get your home sold for the most amount of money in the least amount of time.

Call me at 650 483-4932 to give you my detailed marketing management plan and for you to ask me how I will manage these 8 Major Events in selling your home, and possibly helping you with your next purchase.

Selling a House? Buying a House?

Sell a Home
Selling or Buying a House?

At www.RafaelCastroJr.com you have at your fingertips a wide variety of tools available to help you with your buying or selling questions. You can:

  • Search for Your Dream Home
  • Find out “What is My Home Worth?” How much can I get for my home?
  • Get Pre-qualified with a leading bank. Not sure if you can qualify for a loan? Then find out how to GET STARTED to qualify for a loan—For FREE!
  • At the “Market Insider” you can find Housing Market Trends—Sold vs. Listed, Housing Inventory Trends, Crime, Weather, Restaurant, Pet Store, Shopping, Coffee Shops in your interested area and more.

Of course, Technology helps, but personalized service is what gets you the most for your hard-earned money. Call or text me at 650 483-4932 to set up a one-on-one real estate session.

Why Move Out of California?

Californians moving out of state
                                                                 Moving Out of California??

Why are Californians moving out of the state? CoreLogic, the analytic and financial services company, says that for every home buyer coming into California, another three are selling their homes, and moving out of the state. Separate reports released earlier this year by Beacon Economics, also noted that 625,000 more U.S. residents left California between 2007 and 2014 than moved into the state.

California’s housing market is one of the most expensive in the nation, with a median home price of $428,000 across the state. Selling prices have gone up 71% since 2011. Of the five priciest housing markets in the United States, four are in California, according to the latest data from NAR, the National Association of Realtors. Topping the list is in our own backyard, San Jose, with a median home price of $1 million.

Where are Californians moving to? Many are moving to Texas, Oregon, Nevada, Arizona and Washington. Favorite Baby Boomer choices are Nevada, Arizona, Idaho, Georgia, Texas or North Carolina where home prices are considerably lower. The homes being bought are generally bigger with larger land lots. Other attractions are lower commute times to work, lower utility bills in gas, electricity and garbage collection.

Have you thought of moving out of California? Call me at 650 483-4932 to find out what your choices are: What is my home is worth and can sell for? What can I get in another area? As a Certified International Property Specialist (CIPS), I can help you find the perfect home and get the most money on the sale of your home.