Monday, October 18, 2021 / by Nicole Solari
There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly.
Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market:
Why are prices rising?
Where are prices headed?
What does this mean for homebuyers?
Why Are Prices Rising?
According to the latest Home Price Insights report from CoreLogic, home prices have risen 18.1% since this time last year. But what’s driving the increase?
Recent buyer and seller activity data from the National Association of Realtors (NAR) helps answer that question. When we take NAR’s buyer activity data and. ...
Wednesday, September 15, 2021 / by Nicole Solari
In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams.
Below are five things to keep in mind when it’s time to make an offer.
1. Know Your Budget
Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it:
“This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.”
Showing sellers you’re serious can give you a competitive edge. It enables you to act quickly when you’ve found your perfect home.
2. Be Prepared To Move F. ...
Thursday, October 1, 2020 / by Nicole Solari
A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market.
The Institute for Luxury Home Marketing (ILHM) explains:
“With quarantine concerns still top of mind for many luxury buyers, we see large, sprawling estates making their comeback.
For instance, the last six months have seen a resurgence in the buying of mega mansions and estate-size homes – specifically properties that offer space (both inside and outside), separate home offices, gyms, and private amenities such as swimming pools, yoga studios, and recreation rooms.”
This was not the case at this time last year, as the most recent Luxury Market Report from IL. ...
Wednesday, September 16, 2020 / by Nicole Solari
We welcome back Nicole Solari, managing broker of Level Up Realty in Fairfield, CA, to talk about virtual home tours and how to give homebuyers the best experience. We cover the purpose of the tour, how realistic the tour should be (very!), and lots of tips for creating a virtual tour that will find the right buyer.
HOMESNAP BLOG: https://blog.homesnap.com/snapshot-139-all-about-virtual-home-tours/ ...
Thursday, July 2, 2020 / by Nicole Solari
REAL Trends - the trusted source of residential brokerage news, analysis, and information - compiles data every year and honors the best real estate agents and agent teams in America. To be recognized as an America’s Best agent, teams and individuals must be ranked in the top 1.5% of all 1.4 million licensed real estate professionals in the US.
Last year, 30 Side partner agents and teams made the list. This year, we doubled that total with 60 incredible partner agents and teams recognized as among the top producers in the country. Thank you for continuing to inspire us and to work hard to elevate the real estate industry as a whole.
Congratulations to all 60 Side partner agents and teams named America’s Best:
TEAMS8 Blocks Real EstateAgency One Real EstateAll City HomesAmalfi EstatesArrive Real Estate GroupAsante RealtyAscend Real EstateAspire Real EstateBay Real Estate GroupBlock Change Real EstateBLVD Real EstateBrian Garr ...