May 21, 2018

4 Things Only a Realtor (and Not the Internet) Knows About Real Estate

According to the National Association of Realtors, 42 percent of homebuyers start their home search online, and 92 percent use the Web during the home search process. While the Internet can be a good place to start looking, there are things real estate agents know about the process of buying and selling a home that can't be found in any Web browser. 

Here are a few. 

1. How to price a home

When setting a listing price, agents consider scores of factors, from local and national market trends and neighborhood development activity to the latest buyer preferences for kitchen appliances and landscaping. Every home is unique, and an agent with a track record of success knows how to price it attractively in the market.

The Internet isn't always much help when it comes to comparison shopping, either. Many of the same factors that help an agent set an appropriate listing price aren't available in an algorithm, so online estimators aren't always accurate – and could be costly if you purchase without consulting a real, live professional. 

2. Marketing offline

While online marketing can certainly be valuable, agents have networks of contacts and years of experience to round out their marketing plans. 

And, for buyers, agents often can tap into their network to learn about great properties before they hit the real estate websites or even the MLS.

3. Key points in the process

If you find a home you love online, the website won't be there to guide you through a mortgage application, find a home inspector or advise you what to do if an inspection reveals issues.

4. How to negotiate

Having an experienced, professional negotiator drive your transaction can be vital to reaching a fair price for the property you're buying or selling. A website can give you an estimate of how much a property should cost, but it can't evaluate whether that's a great price or not.

The Cross Group

Kari Cross

925-584-1640

 

Posted in Home Buyer, Home Seller
May 18, 2018

Knowing The 925 features Congratulei

On this episode of Knowing The 925 we sit down with Tabitha from Congratulei

Next time you want to give cash, give money jewelry instead!

FACEBOOK

https://www.facebook.com/Congratulei/

WEBSITE 

www.congratulei.com

If you are interested in being featured on a future episode of KNOWING THE 925, please fill out the form at:  bit.ly/the925

Posted in Community
May 8, 2018

What if I Wait Until Next Year to Buy a Home?

What If I Wait Until Next Year to Buy a Home? | MyKCM

We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market.

As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home.

The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index Reporthome prices will appreciate by 5.2% over the next 12 months.

What Does This Mean as a Buyer?

If home prices appreciate by 5.2% over the next twelve months as predicted by CoreLogic, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:

What If I Wait Until Next Year to Buy a Home? | MyKCM

Bottom Line

If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.

Posted in Home Buyer
April 30, 2018

Why Home Prices Are Increasing

 

Why Home Prices Are Increasing | MyKCM

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.

However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase.

It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets, anything less than six months will cause home values to appreciate and anything more than seven months will cause prices to depreciate (see chart below).

Why Home Prices Are Increasing | MyKCM

According to the Existing Home Sales Report from the National Association of Realtors (NAR), the monthly inventory of homes for sale has been below six months for the last five years (see chart below).

Why Home Prices Are Increasing | MyKCM

Bottom Line

If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.

April 16, 2018

Knowing The 925 features J. James Bridal

On this episode of Knowing The 925 we are at J. James Bridal in Downtown Brentwood.

Where your special occasion begins! Featuring everything bridal, bridesmaids, mother of's, prom, flower girls, first communion, and all things for mens rentals

LOCATION

625 1st St.

Brentwood, CA  94513

925-420-3141

WEBSITE 

www.jjamesbridal.com

If you are interested in being featured on a future episode of KNOWING THE 925, please fill out the form at:  bit.ly/the925

Posted in Community
April 12, 2018

3 mistakes most home sellers make

Over our many years in real estate, we see many sellers making these same three mistakes. 

1.  Waiting too long to call a Realtor

2.  Spending too much money on repairs

3.  Selling at the wrong time

We want to make sure when you sell your home you walk away with the most money possible!  Contact The Cross Group for more information.

925-584-1640

kcross@crossgrouphomes.com

Posted in Community
Feb. 5, 2018

Knowing The 925 features Toastilla

On this episode of Knowing The 925 we showcase a kitchen invention designed and created by a local family.... Toastilla

A local family invented a device that uses your toaster to make meals for everyday and food on the go. Breakfast, lunch, dinner, or even dessert all in one compact machine with Toastilla!

LOCATION

Knightsen, CA

877-717-3332

WEBSITE 

https://toastilla.net

If you are interested in being featured on a future episode of KNOWING THE 925, please fill out the form at:  bit.ly/the925

Posted in Community
Jan. 17, 2018

Knowing The 925 features Starry Nite Studios

On this episode of Knowing The 925 we showcase Starry Nite Studios

A paint party studio for kids and adults offering public, private, corporate and fundraiser events. Bring your own drink and food of choice and get creative with paint.

LOCATION

2545 Sand Creek Rd  Ste. 136

Brentwood, CA  94513

(925) 308-9150

WEBSITE 

http://www.starrynitestudios.com

If you are interested in being featured on a future episode of KNOWING THE 925, please fill out the form at:  bit.ly/the925

Posted in Community
Jan. 1, 2018

2018 Real Estate Market Predictions

See data from industry leaders and what they are predicting for the 2018 real estate market.

Posted in Community
Dec. 22, 2017

Knowing The 925 features Guild Mortgage

On this episode of Knowing The 925 we showcase Guild Mortgage in Antioch.

Guild Mortgage Company is a leading independent mortgage lender making home ownership possible since 1960.  With low down payment, unique down payment assistance programs, grant loans, VA, FHA, refinance, etc.

LOCATION 

5829 Lone Tree Way, Set D

Antioch, CA  94509

WEBSITE 

http://branches.guildmortgage.com/ca/antioch/5829-lone-tree-way.html

If you are interested in being featured on a future episode of KNOWING THE 925, please fill out the form at:  bit.ly/the925

Posted in Community