Marin Real Estate Blog

Home Buyer Demand Will Be Strong for Years to Come | MyKCM

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”.

And while this might be true for some millennials, more and more research has surfaced that shows for the vast majority, owning a home is a major part of their American Dream!

New research shows that 66% of millennials who currently rent are determined to buy a home! Seventy-three percent of those surveyed by Pulsenomics plan to buy a home in the next five years, with 40% planning to do so within the next two years!

Home Buyer Demand Will Be Strong for Years to Come | MyKCM

“Millennials want to own a home as much as prior generations,” Ali Wolf, Director of Economic Research at Meyers

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Looking to Upgrade Your Current Home? Now’s the Time to Move-Up! | MyKCM

In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today’s real estate market there are deals to be had at the higher end! This is great news for homeowners who want to upgrade from their current house and move-up to a premium home.

Much of the demand for housing over the past couple years has come from first-time buyers looking for their starter home, which means that many of the more expensive homes that have been listed for sale have not seen as much interest.

This mismatch in demand and inventory has created a Buyer’s Market in the luxury and premium home markets according to the ILHM’s latest Luxury Report. For the purpose of the report, a luxury home

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Data Says April is the Best Month to List Your Home for Sale | MyKCM

The spring housing market is off to the races! The inventory of homes for sale is increasing, buyers are out in force, and interest rates have remained low, peaking the interest of buyers and sellers previously on the fence about making a move.

New research from realtor.com shows that the first week of April is actually the best time to list your house for sale! The report used “trends in median listing prices, views per property on realtor.com, home price drops, median days on market, and number of listings on the market over the last three years,” to determine a ranking for every week of the year.

Listing your home in the first week of April contributes 14x more property views, 5% less competition from other home sellers, and results in the

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Living the California life style just got easier at 613 Applebery Dr. San Rafael CA 94903

This is the perfect opportunity to get a slice of California living! Welcome to a classic Eichler with sleek modern updates for the ultimate indoor-outdoor living experience. This single level Eichler located in lower Lucas Valley has all the elements of a super fun home where you can relax, entertain and enjoy life year round.  The lush level yard is a ready to use paradise with so much to offer. Envision enjoying the refreshing pool on a hot summer day, swimming laps or just floating. How about endless fun on not one, but two fresh lawns. Be the center of the action while barbecuing or dining on the brick patio right off the kitchen and share good times

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As the market changes are contingent offers back? I just completed two transactions that involved 3 parties,3 buyers and 3 sales. Two buyers had to sell their current homes to purchase their new home. A year ago this transaction would most likely not have been possible but we seem to be in a changing market. Not necessarily from a sellers market to a buyers market but definitely moving away from the strong sellers market, with crazy low inventory, that we have been experiencing the past several years. We are in a more balanced market.

41 Stasia Novato Just sold

I helped my clients purchase their home 4 years when they had a new baby. Now expecting their second child and with a parent living with them as a childcare giver, they are busting out of their 1241 square foot home. 

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927 Idylberry Rd. San Rafael, CA 94903: JUST LISTED Open Sunday Feb. 24, 2019

Be prepared to fall in love with this home, as it is the perfect blend of pristine original Eichler, custom Frank Lloyd Wright inspired Usonian element built-ins and a modern-day remodel. The kitchen features gorgeous quartz style slab counters and all new appliances while maintaining original layout, cabinets and lighting. Both baths are tastefully remodeled and flooded with natural light. Your feet will love the warmth from the radiant heat (copper pipe) on the unique new Sono flooring throughout the common areas and new carpet in all 4 bedrooms.

Original mahogany panel walls are in pristine condition and all non-paneled walls are freshly painted in a warm white

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2019 Will Be a Great Year for Buyers AND Sellers | MyKCM

Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there are even more coming!

NerdWallet’s 2018 Home Buyer Report revealed that:

“Approximately one-third (32%) of Americans plan to purchase a home in the next five years. Millennials are most likely to have such a purchase in their five-year plan (49%), versus 35% of Generation X and 17% of baby boomers.”

As we can see, buyers are optimistic! According to the report, here are the top reasons Americans plan to buy:

2019 Will Be a Great Year for Buyers AND Sellers | MyKCM

The most common reason Americans prioritize buying is that they believe it’s a

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Green Eco Home Improvements

The new year usually brings resolution about cutting spending. Consider including home energy efficiency upgrades – a decision that will save money and increase your comfort for as long as you live in your house – among your 2019 resolutions. Here are three ways to get started:

  1.      Energy Audit. Energy auditors test your house to see where you’re losing the most energy and recommend upgrades to improve energy savings and comfort.

  2.      Budget and plan. Prioritize your projects and start with those that bring the greatest saving.

  3.      Quick fixes. Do simple DIY projects – installing LED bulbs, caulking, and weather stripping – that bring immediate savings.

Ary Assadi
Marin Modern Real Estate
415-216-5653
Ary@MarinModern.com

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The KonMari Method: Helping You Prep Your House For Sale | MyKCM

One of the biggest challenges sellers face when listing their house is decluttering. Cleaning out some of the more personal decorating choices allows buyers to imagine themselves living in the house.

Those planning to sell soon are in luck! Marie Kondo, the inventor of the KonMari Method of Tidying Up, has gained popularity with her new Netflix series. She gives some great tips for sorting through years of accumulated possessions that we all collect in our homes.

“The KonMari Method™ encourages tidying by category – not by location – beginning with clothes, then moving on to books, papers, komono (miscellaneous items), and, finally, sentimental items. Keep only those things that speak to the heart, and discard items that no longer spark joy.

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The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.

The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As an example, here is what happened to housing inventory at the beginning of 2018:

Why It Makes No Sense to Wait for Spring To Sell | MyKCM

Putting your home on the market now, rather than waiting for increased competition in the spring, might make a lot of sense.

Bottom Line

Buyers in the market during the winter are truly motivated purchasers and they want to buy now. With limited inventory currently available in most markets, sellers are in a

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