REMAX of Paradise
What’s the difference between any home and what is called an “investment home”? Generally speaking, they are properties for sale that are purchased in the expectation that their underlying value will appreciate. Whether you choose to live in an investment home or rent it out, the prospect of growth in its value is the determining factor. (You’d be right to notice that if you can rent it for more than its cost, it’s also a good investment — but kindly...Continue Reading!
This summer, the National Association of REALTORS® reported the largest number of existing home sales since February 2007— and I expect we will see similar results when this fall’s final numbers come in. With more individuals looking to enter (or re-enter) the real estate market, buying a house in town can be expected to continue to be newly competitive. That does not mean that you should adopt a defensive mindset. Even after finding what looks like a great deal on...Continue Reading!
When a Butte County first-time home buyer begins hunting for the prize that has to serve both as a satisfactory home base and a solid investment, most feel a mixture of excitement (a home is a landmark achievement!) and maybe just a touch of apprehension. Like any expense you’ve never encountered before, it’s appropriate to take extra care the first time out — and to pay attention to what experience teaches. Along those lines, here are some mistakes that are...Continue Reading!
Renovations and upgrades will increase anybody’s Butte County home values, right? Maybe…but not so fast! Believe it or not, some projects can actually diminish a local property’s home values. In other words, you could potentially lose more than the cost of the project: you could lower your home’s ultimate resale value as well! One of the most common examples is the overly ambitious landscaping project. Who doesn’t love a well-tailored garden or a perfectly maintained backyard? Yet, as HGTV’s...Continue Reading!
When we buy or sell a home, the rest of our day-to-day activities tend to get less attention. When an offer comes in (or doesn’t) — or when we have to wait on pins and needles to hear if the home of our dreams will be ours — the rest of what’s going on takes a back seat. That is because buying and selling real estate involves not only significant sums of money, but also crucial and emotional decisions about...Continue Reading!
For anyone who has listed their home on the Butte County market, the equivalent of winning the lottery is a call from your agent telling you that multiple offers are on the way. It’s like hitting the jackpot — especially when the house draws top dollar. Although the tactics that can trigger such a phone call vary by location and property type, a few overriding concepts put you far ahead in the competition to attract town’s motivated homebuyers— • Build excitement...Continue Reading!
If you are an area homeowner (or about to become one), you’ll be interested in the progression of your local home’s value over time. The market may fluctuate, but what doesn't is your goal of seeing your property value go up — in other words, calculating its Return on Investment. In economic terms, evaluating the projected ROI tells you how much profit there would be if the home is sold at a later time. There are two major methods of...Continue Reading!
When a local home buyer first finds that single-family homes and condominiums have been getting pricier, it shouldn't be a surprise. Nationally, the median sales price is still well below the record $230,400 reached at the height of the housing boom ¬ but that gap is shrinking. If you're a future home buyer in town, you can take steps to improve the situation. One way is to increase your negotiating leverage - to turn yourself into a highly desirable buyer from...Continue Reading!
If you’re looking for a superior deal on a new home, you may find that a Butte County bank-owned home is a serious contender. Today’s real estate market includes a variety of foreclosed homes, some of which can be had at prices well below baseline levels. Adding to the activity in that sector is the virtual disappearance of any degree of the stigma formerly attached to the bank-owned home market. By May of 2012, Realtor Magazine was already reporting how...Continue Reading!
The price tag that goes with buying a home is hefty enough to give anyone pause. After the fact, anyone – perhaps especially Butte County first-time homebuyers — can come away wondering if they have could have nailed down a better deal. Preventing any such nagging doubt is easy to do: it just takes a little forethought and preparation. Here are a few tips to bear in mind when buying a home. After you have submitted an offer, be mentally prepared...Continue Reading!