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Solari Group Real Estate News Blog

Monday, September 27, 2021   /   by Nicole Solari

If You’re a Buyer, Is Offering Asking Price Enough?

In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate and agree on a revised price somewhere in the middle.
Things Are Different Today
Today’s housing market is anything but normal. According to the National Association of Realtors (NAR), homes today are:

Receiving an average of  3.8 offers
Selling in just 17 days

Homes selling quickly and receiving multiple offers highlights how competitive the housing market is right now. This is due, in large part, to the low supply of homes for sale. Low supply and high demand mean homes often sell for more than the asking price. In some cases, they sell for a lot more. Selma Hepp, Deputy Chief Economist at CoreLogic,&n. ...

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  real estate, level up realty, homebuyers, homes for sale, buying, for buyers, first time home buyer, housing market updates, pricing, first time home buyers, solano county, napa valley, market trends, home buyer tips, home buyer

Friday, September 24, 2021   /   by Nicole Solari

It’s Still a Sellers’ Market

Some Highlights

Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen.
Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to sell.
Sellers, don’t miss out on this unique opportunity. Work with an agent to take advantage of this hot sellers’ market. ...

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  real estate, the solari group, level up realty, home ownership, homes for sale, realtor, selling, for sellers, housing market updates, solano county, napa valley, infographics, market trends, for sale, home seller

Wednesday, September 22, 2021   /   by Nicole Solari

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?

A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home. Other people thought working from home would be temporary, so they chose to get creative and make the space they already had work for them. But recent headlines indicate working from home isn’t a passing fad.
If you’re still longing for a dedicated home office, now may be the time to find the home that addresses your evolving needs. More and more companies are delaying their plans to return to the office – others are deciding to remain fully remote permanently. According to economists from Goldman Sachs in a recent article from CNN:

“Job ads increasingly offer remote work and surveys indicate that both workers and employers expe. ...

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  real estate, the solari group, level up realty, home ownership, homebuyers, buying, homes for sale, selling, for buyers, home office, housing market update, solanocounty, top realtor, work from home

Monday, September 20, 2021   /   by Nicole Solari

Is It Time To Move on to a New Home?

If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below):As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than doubled to over 10 years. The housing industry refers to this as your tenure.
To really explore tenure, it’s important to understand what drives people to make a move. An article from The Balance explores some of the primary reasons individuals choose to sell their houses. It says:

“People who move for home-related reasons might need a larger home or a house that better fits their needs, . . . Financial reasons for moving include wanting a nicer home, moving to a newer home to avoid making repairs on the old one, or cashing in on existing equity.”

If you’ve been. ...

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  real estate, the solari group, level up realty, home ownership, homebuyers, buying, homes for sale, realtor, selling, for buyers, first time home buyer, for sellers, moving, housing market updates, pricing, move up buyers, home price, solano county, napa valley, market update, selling tips, home buyer tips, housing market

Wednesday, September 15, 2021   /   by Nicole Solari

5 Tips for Making Your Best Offer

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. ...

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  real estate, the solari group, level up realty, home ownership, real estate agent, buying, for buyers, first time home buyer, moving, pricing, first time home buyers