Call Today: 619-417-4655 Coldwell Banker Email Shannon Biszantz Contact Shannon Biszantz

Home Sellers Advice: List It or SIY?

CALIFORNIA LEGISLATION ADDRESSES THE USE OF TEAM NAMES IN REAL ESTATE. AGAIN

Written by  

                        

If recently-approved legislation has its intended effects, clarity will have finally been achieved regarding the rules for the use of team names by California real estate licensees. Whether there will be compliance with those rules may be another matter altogether.

 

The legislation, Senate Bill 146 (Galgiani), was approved by the Governor July 16. It is the culmination of efforts initiated by the Real Estate Commissioner in early 2013. The problem was, and in many instances still is, that consumers were frequently unable to determine the identity of the agent(s) or responsible party behind a team name. For example, if a consumer had a problem with something that was being done by the Surf's-Up Team, he might have had no way of connecting that team to a particular brokerage or office. Nor would the Bureau of Real Estate (BRE).

The BRE's initial solution was to require that team names be registered with the county as a fictitious business name (FBN), often referred to as a DBA (for "doing business as"). The FBN would be owned by the broker, but could, by contract, be used by a particular agent or agents. This, however, proved more than a little cumbersome. Ensuing legislation (AB 2018) sought to make matters more workable by stipulating that the most common types of team names — those containing the surname of a team member — did not have to be registered as an FBN.

Because of continuing unclarity, however, this year's SB 146 was introduced. Now that it has passed there should be a set of rules that are clear and workable.

 

http://realtytimes.com/agentnews/agentadvice1/item/37710-20150825-california-legislation-addresses-the-use-of-team-names-in-real-estate-again

No tags

images (2)

WHY HOME BUYERS SHOULD HIRE A PROFESSIONAL

Written by  on Thursday, 20 August 2015

Source: http://realtytimes.com/

Getting a purchase closed in today's market is complex. The real estate market has changed greatly from only a few years ago. Buyers face many more hurdles including stricter financing, low housing supplies, higher mortgage rates, and rising prices.

To negotiate today's challenges, you need a real estate sales professional to help you close the deal. A good real estate professional understands current market conditions. He or she has house-by-house neighborhood experience and can help you obtain the right home at the best price and terms.

Your agent can help you find a home quickly. Not only do real estate agents have access to the local multiple listing service, they also share knowledge of homes coming onto the market with their colleagues. Your real estate professional will tell others about your requirements for a home so they can also be on the lookout for you.

In fact, networking is one of the biggest industry advantages. Many homes are bought and sold without a sign ever going into the yard. But, for buyers to be shown the latest homes on the market, or to hear about homes about to come onto the market, there has to be a strong relationship between the buyer and the real estate professional.

If you want to be the buyer positioned to make first and best offers on the most desirable homes, make certain your agent knows you are committed. How do you show you're serious? There are several ways.

Get prequalified with a lender. Share your financial records so you know exactly how much home you can buy. Your agent won't go over your limit because it would be a waste of time to show you homes you can't afford to buy.

Work with only one agent. You can do this by signing a buyer's representation agreement, if it's customary in your area. If not, show your loyalty by telling other agents you may meet at open houses or socially that you are represented and give them your agent's name.

Don't shop for homes without your agent. If you want to look at open houses or builder homes, invite your agent to go along. If your agent can't go, make sure you register your agent's name with builder sales reps and open house sellers' agents.

Real-Estate-small-72dpi-88694731

 

Be loyal. Real estate professionals work primarily on commission. If the deal of the century is about to come on the market, who do you think your agent will tell first – the buyer with five other agents or the buyer who is loyal? If you're playing agents against each other thinking you'll get people to work for free and that you'll have your pick of homes to choose, you're wrong. Agents talk, and they'll find out they're working for the same buyer. If you want great service, show appreciation, confidence, and commitment.

Once you find the house you want, the work really begins. You'll have to navigate negotiations, loan approval, seller's disclosures, inspections with environmental and structural reports, and so on. From helping you make a reasonable offer, to providing for the discovery and disclosure of material facts, your agent can help protect your interests.

Buyers and sellers are natural adversaries. Agents must be skilled negotiators and problem solvers, as well as anticipate problems before they happen. Pride, ignorance, or stubbornness can get in the way of a fair deal for both sides.

Your agent will share your risk, and will make sure you go into any home purchase with your eyes wide open. Take advantage of the greatest homebuying resource available — your own real estate agent.

source: http://realtytimes.com/consumeradvice/buyersadvice1/item/37621-20150821-why-home-buyers-should-hire-a-professional

 

No tags

Written by Jaymi Naciri on Wednesday, 19 August 2015 2:27 pm

Real estate is serious business, and it can be easy to forget when we're involved in a complicated and emotional financial transaction that the person we're working with is just that…a person. An agent might not always show you when he's feeling disrespected or offended, but you may pay for it—literally. Establishing a good relationship early on and maintaining it through honesty, open communication and mutual respect is key to a successful transaction. You can help ensure that happens by watching what you say.

1. That price is ridiculous.

If you're dealing with a professional agent, especially one who has a good track record in the business, it's fair to assume she's done her homework on comparables and is recommending an offer price based on the local market and your financial situation. Most agents are going to expect some conversation to take place around pricing, but insisting on a price simply because it's what you want to pay doesn't typically play out well.

2. But Zillow said my house is worth $40,000 more than what you're telling me.

Zillow has become an industry juggernaut. While their home pricing estimates, known as "Zestimates," aim to inform buyers and sellers, they've been proven to be off by a whopping amount—somewhere between the 8% Zillow claims and upwards of 20%, 40%, even 61% depending on the house and the location, according to a recent L.A. Times report,said Housingwire.

3. I know what my home is worth.

Not really. Your estimation of your home's worth may be based on neighborhood comps, but it's probably also colored by your emotions or by what you need to make from the sale. It's hard to separate out your personal connection. That's why it's important to let your Realtor be an impartial professional.



USA Today

4. I have a perfect credit score.

"Unless you're part of the 0.5% of consumers who reach the 850 mark, it's time to be real about your credit score and your financial ability to buy a home," said Agent Ace.

Overvaluing your credit, your down payment, or any other aspect of your buying ability, is pointless. Everything is going to come out during the buying process anyway.

5. I'm not going to bother getting pre-approved.

To an agent, this can indicate that you're not a serious buyer. Or that you don't understand the process.

In tight markets, you're at a disadvantage if you aren't ready to pull the trigger right away when you find a house. You could very well lose out because another buyer was ready with their pre-approval and you were just getting in touch with your lender.

And, as Lighter Side of Real Estate points out, "An agent worth his or her salt won't agree to invest countless hours showing homes to someone who isn't approved for a loan."

6. I have between $200,000 and $2,000,000 to spend with any number of bedrooms in any location.

Open-ended budgets and limitless expectations are great, but giving your agent a little more guidance can help him zero in on viable options. When you have no idea where or what you want to buy, most agents won't embrace the idea of spending countless hours trying to narrow it down.

7. I'm not doing any repairs.

Sellers want to think their house is perfect, but inspections may show otherwise. Drawing a line before you even know what problems may exist can be frustrating for an agent. It's her job to get you the best possible price, but unreasonable expectations make that more difficult.



GruntWorks Home Services

8. You can cut your commission. I mean, you make a ton of money.

While commissions are often negotiable, assuming an agent will cut it—especially when they've been approached in a callous or sarcastic manner, isn't the way to go about getting what you want.

9. I'm not ready to buy…I just wanted to see a few homes.

People looooove having their time wasted. Especially busy agents who could be out dealing with serious buyers instead of showing homes to someone who isn't sure they're even in the market.

"The best real estate agents are busy individuals for a reason. Their services are highly in demand and thus their time is valuable," said Agent Ace. "It's ok if you're just looking around and aren't sure whether or not you're ready to take the leap; but if that's the case, be upfront at the start not after several showings."

10. Can you give me some advice about my house? I don't want to hire an agent.

Most people wouldn't approach a CPA to do their taxes without hiring him or expect a lawyer to write up a divorce agreement without paying, but real estate agents often yield questions from people looking for free advice. Most will answer a question or two, but there is a limit.

No tags

Whispering Palms Home Sells For Top Dollar On Same Day.

Avenida Brisa golf course frontage sells at record price in Whispering Palms.

Whispering Palms Golf Course Frontage Homes Sells Full Price.

Whispering Palms Golf Course Frontage Homes Sells Full Price.

Homes sales as well as the weather is heating up in August! The Biszantz Connection listed one of the finest single story home in Whispering Palms last Friday and it sold on Saturday at full price. This home at 3895 Avenida is situated on one of the finest lots that has panoramic views of the South toward Fairbanks Country Club as well as to the East and North. 3895 Avenida Brisa will close on mid September driving the sales per square footage ratio of golf course frontages past the $591 a square foot! The Biszantz Connection has another Whispering Palms golf course frontage home coming on the market next week on Avenida Calma in Whispering Palms. Please call 619-417-4655 for a private showing before it gets sold! [nggallery id=142]

 

The view from Avenida Brisa

The view from Avenida Brisa

No tags

It’s getting harder for people to afford rents, but paying a mortgage is still more affordable on a monthly basis than it was in the years before the housing crisis.

Zillow’s newest affordability report found that rents hit their least-affordable point to date in the second quarter of 2015. U.S. renters can now expect to spend 30.2 percent of their monthly income on rent payments.

In certain markets, the problem is even worse. Renters in high demand markets like Los Angeles, San Jose, Miami and San Francisco can expect to spend more than 40 percent of their monthly income on rent — up over 10 percentage points from historical norms.

Meanwhile, mortgages continue to be affordable for many. Buyers now should expect to spend 15.1 percent of their income on a mortgage payment. In the years before the real estate bubble and burst, borrowers could expect to spend around 21.3 percent of their monthly income on a mortgage payment.

Blog_Q2_2015_Affordability_Zillow_2015_b_02Even if mortgage rates go up to six percent, buyers in most metros can still expect to spend less than 30 percent of their income on mortgage payments, according to Zillow’s quarterly report.

With mortgages being more affordable than rents, it’s a good time to buy — as long as you can afford a down payment, said Zillow Chief Economist Dr. Svenja Gudell.

“There are good reasons to rent temporarily — when you move to a new city, for example — but from an affordability perspective, rents are crazy right now,” Gudell said. “If you can possibly come up with a down payment, then it’s a good time to buy a home and start putting your money toward a mortgage.”

However, saving for a down payment can be difficult when rents are unaffordable. Some overdrawn renters are skimping on health care, let alone saving to buy a home.

For more information on rental and mortgage affordability, check out Zillow Research.

 

 

http://www.zillow.com/blog/harder-than-ever-to-afford-rent-181564/

No tags

It’s getting harder for people to afford rents, but paying a mortgage is still more affordable on a monthly basis than it was in the years before the housing crisis.

Zillow’s newest affordability report found that rents hit their least-affordable point to date in the second quarter of 2015. U.S. renters can now expect to spend 30.2 percent of their monthly income on rent payments.

In certain markets, the problem is even worse. Renters in high demand markets like Los Angeles, San Jose, Miami and San Francisco can expect to spend more than 40 percent of their monthly income on rent — up over 10 percentage points from historical norms.

Meanwhile, mortgages continue to be affordable for many. Buyers now should expect to spend 15.1 percent of their income on a mortgage payment. In the years before the real estate bubble and burst, borrowers could expect to spend around 21.3 percent of their monthly income on a mortgage payment.

Blog_Q2_2015_Affordability_Zillow_2015_b_02Even if mortgage rates go up to six percent, buyers in most metros can still expect to spend less than 30 percent of their income on mortgage payments, according to Zillow’s quarterly report.

With mortgages being more affordable than rents, it’s a good time to buy — as long as you can afford a down payment, said Zillow Chief Economist Dr. Svenja Gudell.

“There are good reasons to rent temporarily — when you move to a new city, for example — but from an affordability perspective, rents are crazy right now,” Gudell said. “If you can possibly come up with a down payment, then it’s a good time to buy a home and start putting your money toward a mortgage.”

However, saving for a down payment can be difficult when rents are unaffordable. Some overdrawn renters are skimping on health care, let alone saving to buy a home.

For more information on rental and mortgage affordability, check out Zillow Research.

 

 

http://www.zillow.com/blog/harder-than-ever-to-afford-rent-181564/

No tags

Sparse Listings Continue to Drive Home Prices

http://www.mortgagenewsdaily.com/08112015_metro_home_prices.asp

No tags

According to the National Association of Home Builders/First American Leading Markets Index (LMI) released last week, markets in 75 of the approximately 360 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the second quarter of 2015. This represents a year-over-year net gain of 13 markets.



The index's nationwide score edged up to .92, meaning that based on current permit, price and employment data, the nationwide average is running at 92 percent of normal economic and housing activity. Meanwhile, 66 percent of markets have shown an improvement year-over-year.



"The markets are gradually improving and economic and job growth continue to strengthen, which bodes well for housing for the remainder of the year," said NAHB Chairman Tom Woods, a home builder and developer from Blue Springs, Mo.

 

WPC News | David Crowe, NAHB Chief Economist

David Crowe

"Of the three elements in the LMI (house prices, permits and employment), house prices have had the broadest recovery, with 345 markets returning to or exceeding their last normal level," said NAHB Chief Economist David Crowe. "Meanwhile, 64 markets have met or exceeded their normal employment levels. The housing permit level has made the least progress toward normality, with only 26 markets at or above their last normal level."



"The number of markets on this quarter's Leading Markets Index at or above 90 percent has reached an all-time high of 173, which represents nearly half of all markets nationwide," said Kurt Pfotenhauer, vice chairman of First American Title Insurance Company, which co-sponsors the LMI report. "This is an encouraging sign that the housing and economic recovery continue to gain strength."



Baton Rouge, La. continues to top the list of major metros on the LMI, with a score of 1.47 – or 47 percent better than its last normal market level. Other major metros leading the list include Austin, Texas; Honolulu; Houston; and Oklahoma City. Rounding out the top 10 are San Jose, Calif.; Los Angeles; Charleston, S.C.; Salt Lake City; and Nashville, Tenn.



Looking at smaller metros, both Midland and Odessa, Texas, have LMI scores of 2.0 or better, meaning that their markets are now at double their strength prior to the recession. Also at the top of the list of smaller metros are Manhattan, Kan.; Grand Forks, N.D.; and Casper, Wyo., respectively.



The LMI shifts the focus from identifying markets that have recently begun to recover, which was the aim of a previous gauge known as the Improving Markets Index, to identifying those areas that are now approaching and exceeding their previous normal levels of economic and housing activity. More than 350 metro areas are scored by taking their average permit, price and employment levels for the past 12 months and dividing each by their annual average over the last period of normal growth. For single-family permits and home prices, 2000-2003 is used as the last normal period, and for employment, 2007 is the base comparison. The three components are then averaged to provide an overall score for each market; a national score is calculated based on national measures of the three metrics. An index value above one indicates that a market has advanced beyond its previous normal level of economic

activity. – See more at: http://www.worldpropertyjournal.com/real-estate-news/united-states/improving-housing-market-data-015-nahb-new-home-sales-national-association-of-home-builders-first-american-leading-markets-index-lmi-kurt-pfotenhauer-9277.php#sthash.G1YhdQdJ.dpuf

http://www.worldpropertyjournal.com/real-estate-news/united-states/improving-housing-market-data-015-nahb-new-home-sales-national-association-of-home-builders-first-american-leading-markets-index-lmi-kurt-pfotenhauer-9277.php

,

Help buyers begin to see your home as their own as soon as they walk in the door.

By Lori Livers

When staging a house for sale, it’s crucial to consider every space with the buyer’s perspective in mind. Once you’ve accomplished the five basic staging steps, make sure every room in your house has one clear purpose.

Defining how to use a room is incredibly important for buyers because it helps them connect to a home. Here are the top 5 reasons every room needs a clear purpose:

1. Buyers subconsciously feel lost if they don’t know what to do with a room

They will wander in and out of a room very quickly if they cannot easily tell what the room should be used for. The house will not feel comfortable, which will make it hard for them to imagine it as home.

sunroom

Courtesy of Zillow Digs.

2. Buyers don’t know how to place furniture in a room they can’t define a use for

When buyers walk into a room they feel comfortable in, they’ll start to picture their belongings where yours are now. A big comfy bed signals “This is a bedroom,” so buyers will be able to imagine their own bed in the space. This is exactly what you want them to do.

But if buyers can’t tell the room’s purpose, they won’t know if they need new furniture to fill it, or if they have something perfect for it already.

bedroom

Courtesy of Zillow Digs.

3. Buyers assume they don’t need a room they can’t see the purpose of

If a buyer can’t see what a room’s purpose is, they go one of two ways. They either assume they don’t need the space, or they decide your home doesn’t have a room that will serve a purpose they do need. Either way could cause them to pass on your house and go on to the next.

office

Courtesy of Zillow Digs.

4. Buyers don’t have time or energy to figure it out for themselves

There is so much competition for buyer dollars – even in a seller’s market. Buyers have no time, energy or need to “figure out” a house. They can simply go visit the next one or go visit the new home builder they’ve seen advertised. You can bet the builder will show them exactly what every space is for and tell them why they need it.

pool room

Courtesy of Zillow Digs.

5. Buyers can’t emotionally connect to rooms they can’t see themselves using

You want buyers to picture their sofa in your living room so they can start seeing themselves living in your house. This is when they truly connect with a house and decide they have to have it as their own home. This connection brings you the best offer possible.

master suite

Courtesy of Zillow Digs.

Many homes today feature a “great room” that contains many spaces to be used as individual rooms. This is what the term “open concept living” refers to, and it is highly desired by modern buyers. Mixed purpose rooms can confuse buyers. They may think that if one room has to be used for multiple purposes, the home must be too small.

If your house fits this description, be sure to clearly define spaces within the great room to serve only one purpose. For instance, define a family room space and a dining space separately so that buyers know how they can use these areas.

open plan

Courtesy of Zillow Digs.

Staging your house for sale is a lot of work. But as difficult as it can be, don’t skip it. The way you present your home makes a big difference in finding a buyer.

See more home design inspiration.

Related:

Lori Livers is a Certified Professional Home Stager in the Houston, TX area specializing in staging both occupied and vacant homes for sale.  Lori understands staging a home is not about decorating, but about focusing a potential buyer’s attention to the most positive aspects of a house so that buyers want to make the staged house their home. Lori regularly offers staging advice and tips on her website.  Connect with her via Facebook or at her website.

http://www.zillow.com/blog/staging-rooms-with-clear-purpose-181314/

,

Older posts >>

Shannon Biszantz

Shannon Biszantz

Shannon Biszantz reviews

DRE CA #01787015
2651 Via de La Valle
Del Mar, CA 92014

Work Cell: 619-417-4655
Office: 858-755-0075

Market Snapshot

Behind The Gate

Shannon Biszantz

Whispering Palms

Morgan Run

Popular Pages

Discover Whispering Palms