Where International Buyers Come From

International Buyers
Where Do  International Buyers Come From?

As a home seller, one of your Realtor’s jobs is to get as many eyes on your house as possible.

What strategy does your real estate professional use to market outside the U.S.? What International organizations do they belong to? How will that make a difference when getting you the highest possible price in the least amount of time? Give me a call at 650 483-4932, and ask me those same questions.

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.

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.

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.

4 Cultural Issues To Consider Before Moving Abroad

Cultural Issues When Moving Abroad
                                                   Cultural Issues When Moving Abroad

You may be considering moving to another country, either by yourself, your significant other, or your entire family. In this article, we will explore 4 cultural issues to consider before moving abroad and what you can do now. This will help you to make the transition to your new home a lot easier to deal with. We will consider other issues in coming articles.

In a recent poll commissioned by Barclays International Banking, questions were asked to expats or expatriates on the challenges of living abroad. They mentioned the most important issues measured by percentages on what they believed affected them the most.

The Cost of Living came in first at 28.16% of the vote. Some issues to take into account when looking to move overseas including employment, the cost of property and personal finances. But to these expats, the cost of living was a very important issue. Having sufficient money to live and have a social life is at the top of the list of issues.

What to do? Comparing some aspects of the proposed life in a new country and the present one will undoubtedly be less expensive, some more expensive. There are now many websites that will allow you to compare the cost of living in any two or more countries. Although doing this will not be precise in nature, it will allow you to get a very good idea on the more expensive costs regarding food, fuel and going out to dinner, for example. Let me know if you would like a list of international bank guides to help you with usual and unusual costs.

Loneliness came in second at 26.62%. What can cause loneliness? New surroundings, experiences and the type of employment opportunities can all be factors. Loneliness is true for either individuals or entire families in a new environment.

For example, a family with children moving abroad may experience problems. If there is a stay at home parent, the other parent may take the responsibility of taking care of them. If this is not currently being done, there will be a shock value to this new way of life. If it is difficult now looking after children, then it may become a bigger issue looking after children when moving abroad.

What to do? When expats tread on unfamiliar ground, they tend to stick to what is familiar. Doing so, many expatriates never make the transition from expat to compatriot. However, in order to get the most out of your expat experience, you need to break out of your comfort zone and try to immerse yourself in the local culture.

The process of making the transition from living like an expat to a more local life-style takes time. Loneliness can be dealt with as you get used to your new environment, culture and its embracement.

Cultural Differences were 13.99% an issue. Cultural differences usually include language, religion, political organization, and customs. One of the difficulties that many people have is dealing with the stereotypes of others. That means we have stereotypes of others as they have of us.

What to do? Preparing for life in a new culture starts out by educating yourself about the country you’re moving to. Do research by reading books, view YouTube videos, visit websites, any reputable resource that will help you “read into” the culture and give you insight on the way of life/culture of that country.

Relationship Problems came in as a concern at 10.75%. If you currently are experiencing some type of problem in your relationship, it most likely will not get better with a move, but may become more magnified by all the other “moving” issues you will experience. Leaving behind support friends, family and even professional counselors may strain your relationship even more.

What to Do? To be successful in a move, you will need to be sure that everyone involved is 100% sure that the move is being done for the right reasons and there will be flexibility and understanding by all. There needs to be a plan in place that is currently being worked on, that will continue long after the move to the new country. Don’t leave it to the last minute and then start working on it once you have moved.

In conclusion, we have considered 4 issues (79.52%) that were brought up by expatriates that were of high importance to them, the Cost of Living, Loneliness, Cultural Differences and Relationship Problems. We have briefly dealt with what to do now, to prepare yourself, and to make the transition from an expat to compatriot. Remember why you are even considering a move: a better lifestyle, better experiences for your family, less expensive cost of living. These are good reasons to prepare well now. We will consider other issues and explore other answers to be successful in future articles.