moderealestategroup

Don't Make This Mistake When Pricing Your Home

info@modeanddurham.com (Lori Mode) — Thu, 29 May 2025 21:22:51 GMT

Don't Make This Mistake When Pricing Your Home

Overpricing your home “to leave room for negotiation” is not the strategy you think it is. ��

Buyers aren’t falling for the “we can always drop the price later” mindset. They’re savvy. They’re watching the market. And they know when a home is priced too high.

What happens when you overprice?

�� You miss your most active window—those first 7–10 days on the market
�� You attract fewer showings (aka fewer chances to WOW buyers)
�� Your listing gets stale while your competition gets offers

Want my expert opinion?…

Pricing right from the start is what gets buyers in the door, offers on the table, and SOLD signs in the yard.
The #1 secret to a successful home sale? Preparation.

If you’re thinking about listing soon, �� comment “GUIDE” and I’ll send you my complete Seller Guide so you can feel confident every step of the way.

Send me a quick DM and we’ll set up a time to chat about your goals.
— Lori Mode, your go-to Sacramento area realtor helping you find a home and a lifestyle you love.
#PriceItRight #RealEstateTips #SellSmart #sacramentorealestate #localrealtor #sellingyourhome

Make your home the best-looking one on the block

info@modeanddurham.com (Lori Mode) — Fri, 02 May 2025 18:15:00 GMT

Make your home the best-looking one on the block

Because first impressions matter—and your home’s front yard is basically its handshake. ��

Here’s how to give your curb appeal a quick glow-up (no full landscaping budget required)…

01 – Add a pop of color at the front door
A fresh coat of paint or a fun, seasonal wreath goes a long way. Bonus points for a cute doormat that says, “Hey there.”

02 – Freshen up your landscaping
Trim those bushes, pull the weeds, and toss in a few potted plants or fresh mulch. Trust me, it makes a difference. ��

03 – Light it up
Swap out old porch lights and add some solar-powered path lighting. Instant charm—and your home won’t look like a haunted house after 6 PM. ��

Hi there ��, I’m Lori Mode —your neighborhood Elk Grove realtor. I’m passionate about helping people feel at home, whether that’s finding your first place, your forever home, or just navigating the next chapter.

Follow @ElkGroveRealEstate for your weekly dose of local listings, home tips, and a little fun along the way.

Decluttering For Minimalist May

info@modeanddurham.com (Lori Mode) — Thu, 01 May 2025 18:35:50 GMT

Decluttering for Minimalist May

Minimalist May: Finding Freedom in Letting Go

The surprising joy of saying goodbye to the things you never needed

The Liberation of Less

Minimalist May is in full swing over here and let me tell you... it feels so good to let go of things I was lowkey holding onto for no reason ��

There's something incredibly freeing about looking at an item you've kept for months (or years!) and finally admitting to yourself: "I don't need this anymore." That mental weight that lifts when you drop those items into the donation box or recycling bin? Absolutely priceless.

My Week of Decluttering Wins

This week, I challenged myself to be ruthlessly honest about what deserves space in my home. Here are five things I decluttered—and shocker, I haven't missed a single one:

01 – That Random Drawer Full of Cords

You know the one. The technological graveyard where charging cables and adapters go to die. I had cords for devices I no longer owned, multiple duplicates "just in case," and several mystery cables that I couldn't even identify anymore. After sorting through them, I kept only the essentials—ones I actually use weekly—and recycled the rest. My drawer closes properly now!

02 – Half-Empty Candles I Swear I Was Going to Use Up

The candle hoarding was real, folks. I had a collection of half-burned candles that I kept promising myself I'd finish "someday." Some had lost their scent, others had uneven burns that made them nearly impossible to light properly again. Instead of letting them take up shelf space for another year, I cleaned out the containers (hello, cute storage for paper clips and hair ties) and moved on.

03 – Expired Pantry Items from 2021 (Yikes)

The back-of-pantry archaeology expedition was both terrifying and enlightening. Spices that had lost their flavor years ago, specialty ingredients purchased for one-time recipes, and canned goods that had quietly expired while I wasn't looking. Cleaning these out has given me a clearer view of what I actually have and use regularly, which has already helped me plan meals more efficiently.

04 – A Stack of Mail I Was Pretending Wasn't There

We've all had that pile—the one that starts with "I'll deal with this later" and somehow grows into a paper monster. Mine had been living on the corner of my desk for months, a mix of statements I needed to file, catalogs I never looked at, and random paperwork. An hour with a recycling bin, shredder, and filing system has transformed that corner into usable space again.

05 – Home Décor That Just Didn't Match My Vibe Anymore

Tastes change, and that's okay! I had several pieces that I once loved but that no longer brought me joy or matched my current aesthetic. Instead of letting them gather dust, I passed them along to friends who appreciated them. My space now feels more intentionally curated and cohesive—and seeing these pieces find new life with people who love them has been surprisingly rewarding.

The Unexpected Benefits of Letting Go

The physical changes are obvious—more space, less visual clutter, easier cleaning—but the mental benefits have been even more significant. I've noticed:

Less decision fatigue when getting dressed or cooking meals
More appreciation for the items I chose to keep
Reduced cleaning time with fewer objects to dust around and organize
A sense of accomplishment that carries over into other areas of life
Mental clarity that comes from having a more intentional environment

Less Stuff. More Space. Better Energy.

That's really what it comes down to. Everything we own requires some of our energy—to maintain, to clean, to store, to think about. When we let go of things that no longer serve us, we reclaim that energy for things that matter more.

If you're looking for a sign to start fresh this month—this is it. You don't have to transform your entire home overnight. Start with one drawer, one shelf, or one category of items. Notice how it feels to create that little pocket of intentional space, and let that feeling guide you forward.

Your Turn to Share

Now tell me... what's one thing you've decluttered lately that you don't miss at all? Drop a comment below—I'd love to hear about your letting-go victories, big or small!

Energy Efficient Homes Are In Demand

info@modeanddurham.com (Lori Mode) — Wed, 30 Apr 2025 18:00:00 GMT

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The Financial Upside of Eco-Friendly Homes: How Going Green Benefits Your Wallet and the Planet

In today's real estate market, environmental consciousness has evolved from a passing trend into a genuine value proposition for homeowners and buyers alike. What was once considered simply a fashionable choice has become a practical investment strategy that delivers tangible returns.

The Evolution of Green Home Features

Remember when "going green" was just another cultural phenomenon, as temporary as frosted tips and slap bracelets? Those days are long gone. Sustainability in housing has matured into a significant market driver, with energy-efficient features now commanding attention from serious buyers who recognize both the environmental and financial benefits.

Energy Efficiency: The Double Dividend

The appeal is straightforward: environmentally-friendly home features deliver ongoing savings while reducing ecological impact. This combination has transformed sustainable housing features from luxury add-ons to practical necessities for many homebuyers.

High-Demand Green Features

Solar Panels

Perhaps the most visible symbol of sustainable housing, solar panels represent a substantial upfront investment that pays dividends through dramatically reduced energy bills. Modern systems are more efficient and aesthetically pleasing than earlier generations, making them increasingly popular among homeowners.

Water Conservation Fixtures

Low-flow toilets, showerheads, and faucets significantly reduce water consumption without compromising performance. These relatively inexpensive upgrades can substantially decrease water bills while conserving a precious resource.

Native Landscaping

Yards designed with indigenous plants require less water, fertilizer, and maintenance than traditional lawns and non-native ornamentals. This approach creates outdoor spaces that are both beautiful and environmentally responsible.

Smart Home Technology

Programmable thermostats and other intelligent home systems optimize energy usage by adjusting heating, cooling, and lighting based on actual needs rather than wasteful constant operation. The convenience of remote control through smartphone apps adds to their appeal.

The Market Response

Today's buyers increasingly factor energy efficiency into their purchasing decisions. Properties with green features often sell faster and at premium prices compared to less efficient counterparts. The reason is simple: savvy buyers calculate the long-term operational savings these features provide when evaluating a home's true cost.

Beyond the Immediate Benefits

The advantages extend past monthly utility bills. Energy-efficient homes typically offer:

Greater comfort through better temperature regulation
Improved indoor air quality
Reduced maintenance requirements for certain systems
Potential tax incentives and rebates
Higher resale value

The Bottom Line

Investing in sustainable home features represents that rare opportunity where financial self-interest and environmental responsibility perfectly align. As energy costs continue rising and environmental concerns grow, the market advantage of eco-friendly homes will likely strengthen further.

For homeowners considering upgrades or sellers preparing to list, emphasizing or adding green features isn't just environmentally conscious—it's financially savvy. The data increasingly shows that sustainable homes deliver meaningful returns while contributing to a healthier planet.

After all, there aren't many investment opportunities that allow you to save money while helping save the Earth.

Home Value Facts vs. Fiction: What Really Impacts Your Property Value

info@modeanddurham.com (Lori Mode) — Tue, 29 Apr 2025 17:00:00 GMT

Home Value Facts vs. Fiction: What Really Impacts Your Property Value

In the world of real estate, separating fact from fiction is crucial when it comes to understanding what truly increases your home's value. Many homeowners invest time and money into improvements that they believe will significantly boost their property's worth, only to discover that these investments yield minimal returns when it's time to sell.

What ACTUALLY Impacts Your Home's Value

Location Remains King

Despite changes in the housing market over the years, location continues to be the single most influential factor in determining a property's value. Proximity to good schools, shopping, employment centers, and desirable neighborhoods still drives buyer interest and pricing.

Square Footage and Functional Layout

The size of your home and how efficiently that space is utilized matters tremendously. Open, flowing floor plans with sensible room proportions generally command higher prices than awkward layouts, regardless of total square footage.

Kitchen and Bathroom Updates

These remain the workhorses of home value. Modern, updated kitchens and bathrooms consistently deliver strong returns on investment because they represent spaces where buyers spend significant time and that are expensive to renovate.

Curb Appeal

First impressions are powerful. Well-maintained landscaping, an attractive entrance, and a home exterior in good condition create emotional appeal that translates to perceived value. Many buyers make judgments about a property before ever stepping inside.

Core System Condition

The unsexy but crucial elements of your home—roof, HVAC, electrical, and plumbing systems—significantly impact appraisals and offers. Buyers are increasingly wary of properties that might require expensive infrastructure updates shortly after purchase.

What DOESN'T Substantially Increase Value

Trendy Design Elements

That fashionable wallpaper or bold design choice that's currently trending on social media might look great in photos, but it rarely translates to higher offers from buyers who may have different tastes.

Bold Personal Color Choices

While inexpensive to change, distinctive color selections like purple accent walls can actually detract from value by making it harder for potential buyers to envision themselves in the space.

High-End Décor That Won't Convey

Expensive furniture, artwork, and decorative items that won't stay with the home after sale don't contribute to the property's appraised value, regardless of how much they enhance the current living experience.

Emotional Attachment

The memories you've created in your home and the personal significance of certain features don't translate to monetary value for buyers who are approaching the property with fresh eyes and their own needs.

The Bottom Line

When making home improvement decisions with resale value in mind, focus on improvements that enhance function, durability, and universal appeal rather than those that primarily reflect personal taste. Buyers consistently pay premiums for homes that offer practical benefits and require minimal immediate investment after purchase.

Understanding this distinction can help you make smarter renovation choices and set realistic expectations about your home's market value when it's time to sell.

How to be the first to know about new listings

info@modeanddurham.com (Lori Mode) — Mon, 28 Apr 2025 21:25:05 GMT

How to be the first to know about new listings

Finding Your Dream Home Before Everyone Else Does: The Insider's Guide to Early Access Real Estate

In today's competitive real estate market, timing isn't just important—it's everything. By the time most properties appear on popular listing sites like Zillow, they've already been viewed by countless potential buyers. To succeed in this fast-paced environment, you need strategies that put you ahead of the crowd.

The Early Bird Gets the Home

When inventory is limited and demand is high, the traditional approach of browsing public listings often means you're already too late. The most desirable properties can receive multiple offers within hours of going live online. So how do you position yourself to discover these homes before the masses?

Three Proven Strategies for Early Access

1. Partner with a Connected Real Estate Agent

Working with an experienced real estate agent gives you immediate access to a valuable insider network. A good agent can provide:

Coming soon listings that haven't yet appeared on public platforms
Private network shares only available through professional real estate channels
Off-market properties that sellers prefer to offer discreetly

This professional connection alone can dramatically increase your chances of finding the perfect home before competition heats up.

2. Leverage Direct MLS Search Notifications

Rather than spending countless hours scrolling through listing sites, have new properties delivered directly to you:

Custom searches tailored to your specific requirements
Instant notifications the moment matching properties hit the market
Prioritized information that helps you act quickly

This automated approach ensures you never miss a potential opportunity, even when you're busy with other commitments.

3. Be Financially Prepared

When your dream home appears, you need to move fast. Being pre-approved for financing means:

You can make confident offers immediately
Sellers take your interest more seriously
You avoid the disappointment of missing out while scrambling to arrange financing

Having your financial qualifications in order before beginning your search puts you in a position of strength when the right property becomes available.

Ready to Get Ahead of the Crowd?

Don't let your perfect home slip away because someone else saw it first. By working with a connected agent, setting up direct listing alerts, and preparing your finances in advance, you'll be positioned to act quickly when opportunities arise.

The most successful home buyers in today's market aren't just lucky—they're strategic. Is it time for you to gain the early access advantage?

April Is A Great Time To Move

info@modeanddurham.com (Lori Mode) — Thu, 24 Apr 2025 21:00:00 GMT

April Is A Great Time To Move

Here’s why I love real estate in April…There’s just something about this season that makes the market come alive—and if you’ve been thinking about buying or selling, this might be your sign

✔️ Better weather = better moving days
No more freezing fingers or sweating through moving boxes. April’s mild temps make everything from showings to moving day a whole lot smoother.

✔️ More homes hitting the market
Spring is when it really starts to pick up—more listings for buyers to choose from, and more buyers showing up for sellers. It’s a win-win.

✔️ Get settled before summer
Move now, relax later. Buying or selling in April means you’ll be fully moved in and enjoying your new space just in time for backyard BBQ season. Bonus: If you’ve got kids, you’ll be settled before the next school year even hits.

✔️ Peak selling season = stronger offers
Homes tend to sell quicker and for top dollar in spring. Why? Because demand is high and buyers are motivated. Translation: better offers, faster closings, happy sellers.

Thinking about moving this spring? Let’s chat about your goals and next steps.

Hi, I’m Lori Mode — your go-to Sacramento realtor. I love helping people just like you navigate buying, selling, and everything in between.
Follow @ElkGroveRealEstate for more Sacramento real estate tips and local insights

When Is It Really Time to Move? The Signs You Shouldn't Ignore

info@modeanddurham.com (Lori Mode) — Wed, 23 Apr 2025 18:00:01 GMT

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When Is It Really Time to Move? The Signs You Shouldn't Ignore

That feeling you can't quite shake might be telling you something important

We've all been there—standing in our homes, looking around, and feeling that subtle but persistent whisper: maybe it's time for a change. But how do you know when that whisper deserves your attention? When is it actually time to pack up and find a new place to call home?

Beyond the Obvious Space Crunch

Sure, when your closet door won't close and you're playing Tetris with your belongings, it's a pretty clear signal. But the decision to move often stems

from deeper, more nuanced feelings that aren't always as visible as overflowing storage.

The Emotional Signs You Shouldn't Ignore

That Persistent Craving for New Surroundings

Sometimes, it's as simple as needing visual refreshment. The same walls, the same view, the same walking paths—they can all start to feel confining rather than comforting. This isn't just restlessness; it's your mind signaling a need for new stimulation and possibilities.

"I didn't realize how much I needed a change until I moved," says Melissa Chen, who relocated after seven years in the same apartment. "Suddenly I was noticing details again—the way light hit the walls, the sounds of a new neighborhood. It was like waking up my senses."

The Growing Gap Between Your Life and Your Living Space

We evolve constantly—our careers advance, relationships change, priorities shift—but our homes don't automatically evolve with us. That disconnect can create friction in your daily life that's subtle but significant.

Signs you've outgrown your current space might include:

Finding yourself frequently annoyed by aspects of your home that never bothered you before
Noticing you're spending more time elsewhere to avoid being home
Realizing your current space limits activities or lifestyle changes you want to pursue

The Environmental Factors You Can't Control

Sometimes it's not the home itself but what surrounds it. Perhaps your neighbor's 2AM karaoke sessions were amusing at first but have lost their charm. Maybe your previously reasonable commute has become a daily stress test. Or possibly, the neighborhood that once felt perfect no longer aligns with your needs.

The Future-Focused Reasons

Many moves aren't about escaping problems but moving toward something better—something that reflects your current dreams rather than past necessities.

The Vision of Something More

The backyard you've been dreaming about: Having outdoor space isn't just about square footage—it's about the quality of life that comes with morning coffee on your patio or watching your children play freely.
A home that matches your identity : Our homes are expressions of ourselves. If you find yourself constantly trying to adapt your style to work within an incompatible space, it might be time for a setting that naturally complements who you are.
Room for life's next chapter : Whether you're thinking about starting a family, beginning a home-based business, or creating space for aging parents, sometimes moves are about making room for what's coming next.

Listening to That Inner Voice

The most telling sign often isn't any particular external factor—it's that persistent thought that keeps returning despite your attempts to ignore it. That quiet but recurring notion that perhaps it's time for something different deserves your attention.

This isn't about impulsivity. It's about recognizing when your environment no longer serves your well-being, growth, or happiness.

Moving Forward—Literally and Figuratively

If these feelings resonate with you, consider it an invitation to explore possibilities—not necessarily pressure to make an immediate change. The right move happens at the right time, and that timing is personal to you.

Start by asking yourself:

What specifically feels misaligned about my current living situation?
What would a more fitting home environment look like for me now?
What practical considerations (financial, logistical, emotional) need to be addressed before making a change?

Finding Your Next Chapter

Remember that "home" is more than just a physical space—it's where you feel completely yourself. Whether that means relocating across town or across the country, the goal is finding a place that supports who you are and who you're becoming.

And if you're feeling that tug toward something new but aren't sure what the next step should be, I'm here to help navigate those questions with you—no pressure, just conversation about what might be right for your unique situation.

Because ultimately, your home should complement your life, not complicate it.

Hi there! I'm Lori Mode, your neighborhood Elk Grove realtor. I'm passionate about helping people feel truly at home, whether you're searching for your first place, your forever home, or simply navigating life's next chapter.

Have you ever made a move that completely changed your life for the better? Share your story in the comments below!

Rent vs. Buy: The Great Housing Debate Solved (For You)

info@modeanddurham.com (Lori Mode) — Tue, 22 Apr 2025 18:31:22 GMT

Rent vs. Buy: The Great Housing Debate Solved (For You)

Making sense of the biggest financial decision you might ever face

We've all heard the classic advice: "Stop throwing money away on rent and buy a house!" But is homeownership really the financial holy grail everyone makes it out to be? Is renting truly just paying someone else's mortgage? The reality is far more nuanced than most social media posts would have you believe.

The True Cost of Housing: It's Personal

The rent vs. buy decision isn't just about dollars and cents—it's about your unique life circumstances, future plans, and financial readiness. Let's dive into the factors that should actually influence your decision.

When Buying Makes Sense

Building Equity: The Long Game

When you make mortgage payments, you're gradually purchasing more of your home with each check. This equity represents real wealth that can grow over time as property values increase. Unlike rent payments that disappear forever, mortgage payments are partially going toward an asset you'll eventually own outright.

"I switched from renting to buying three years ago, and while my monthly payment is slightly higher, knowing that I'm building equity gives me peace of mind about my financial future," says Maria Torres, a first-time homeowner in Phoenix.

Stability: No More Annual Rent Shock

If you've ever received notice of a substantial rent increase, you know the financial stress it can cause. With a fixed-rate mortgage, your principal and interest payments remain consistent for the life of your loan—only property taxes and insurance might fluctuate. This predictability makes budgeting easier and provides emotional security.

Freedom to Customize

Want to knock down a wall? Paint every room a different color? Install solar panels? As a homeowner, you have the freedom to make your space truly yours without seeking permission or worrying about losing a security deposit.

When Renting Makes More Sense

Geographic Flexibility

If you're uncertain about your long-term location—perhaps due to career opportunities, family considerations, or simply a desire to explore different areas—renting provides valuable flexibility. The financial and emotional costs of buying and selling homes within a short timeframe can be significant.

Career and Lifestyle Transitions

Young professionals, individuals considering significant career changes, or those experiencing major life transitions often benefit from the flexibility renting provides. Without the obligations of homeownership, you can more easily relocate for career advancement or adjust your living situation as your needs change.

Financial Readiness

Homeownership comes with significant costs beyond the mortgage payment. Property taxes, homeowners insurance, maintenance, repairs, and potential HOA fees can add thousands of dollars annually to your housing expenses. If you're not financially prepared for these additional costs, renting might be the more prudent choice.

Beyond the Numbers: The Emotional Factors

The rent vs. buy decision isn't purely financial. Consider these emotional factors:

Peace of mind : For some, owning provides security; for others, the responsibilities create anxiety.
Time commitment : Homeownership requires time for maintenance and repairs that renters don't face.
Community connection : Buying often creates deeper ties to a neighborhood and community.

Making Your Decision: A Practical Framework

Instead of following blanket advice, consider these questions:

How long do you plan to stay in one place? (Generally, the longer you stay, the more buying makes financial sense)
What does your financial picture look like? (Consider savings, debt, income stability)
How much do you value flexibility vs. stability?
Are you ready for the responsibilities of homeownership?

The Bottom Line: There Is No Wrong Answer

Contrary to popular belief, renting isn't "throwing money away"—you're paying for shelter, flexibility, and freedom from maintenance responsibilities. Similarly, buying isn't always the financially superior choice, especially if you move frequently or aren't prepared for the additional costs.

The right decision is the one that aligns with your current life circumstances, future goals, and financial reality. Whether you choose to rent or buy, what matters most is making an informed decision that supports your overall well-being and financial health.

If you're considering making a move in either direction, I'm happy to discuss your specific situation and help you evaluate your options—no pressure, just an honest conversation about what might work best for you right now.

What housing questions do you have? Drop them in the comments below, and let's continue the conversation!

4 Quick Updates To Add Value To Your Home

info@modeanddurham.com (Lori Mode) — Thu, 10 Apr 2025 17:50:29 GMT

4 Quick Updated That Add Value To Your Home

You DON’T need a full reno or a HGTV crew to increase your home’s value.

Just a few smart updates that pack a punch. Think of it like a glow-up… but for your house.
Here’s what I’d do if I wanted to impress buyers WITHOUT knocking down a wall ��

01 – Fresh paint = instant facelift. Neutral tones like soft greige or warm white? I’m currently loving SW Alabaster and Greek Villa. Chef’s kiss.

02 – Upgrade that hardware. Your kitchen doesn’t need a full remodel—just swap out those dated cabinet pulls and boom, it’s giving Pinterest kitchen vibes.

03 – Curb appeal is everything. New mulch, trimmed bushes, and a cute welcome mat? Your house just got 10x more charming from the street. ��

04 – Better lighting, better mood. Swap outdated fixtures for something modern and bright—your space will feel bigger, fresher, and more inviting. (Plus, you’ll stop squinting in your own living room. Win-win.)

✨ Thinking about selling but not sure where to start?

I’ve got you.

�� Comment “GUIDE” and I’ll send you my free Home Seller Guide — packed with even more tips, staging secrets, and smart strategies to help you prep your home like a pro (no sledgehammer required ��).
Hey there �� I’m Lori Mode — your hometown Elk Grove realtor and behind-the-scenes guide for all things buying, selling, and everything in between.

5 Simple Spring Cleaning Tips

info@modeanddurham.com (Lori Mode) — Tue, 25 Mar 2025 18:00:01 GMT

5 Simple Spring Cleaning Tips

Spring is the PERFECT time to refresh your space and give your home that clean, airy, and clutter-free feel!
Here are 5 game-changing spring cleaning tips to make your home feel brand new…

01 – Declutter first, clean second
Before you break out the mop, clear out what you don’t need! Donate, toss, or store away anything that’s just taking up space.

02 – Deep clean high traffic areas
Focus on spots that get the most use: baseboards, light switches, door handles, and kitchen appliances. These small details make a huge difference!

03 – Let the fresh air in
Open your windows, air out your home, and swap heavy winter fabrics for lighter, breezier textures to welcome spring vibes.

04 – Tackle one room at a time
Overwhelmed? Don’t try to clean the whole house in one day. Focus on one space at a time to keep things manageable and stress-free!

05 – Upgrade your scents
Freshen up your home with citrus, lavender, or eucalyptus scents. A clean house that smells amazing = next-level transformation!

Spring is all about new beginnings—so why not start with your space? What’s the first thing on your spring cleaning checklist?

Are Open Houses Obsolete?

info@modeanddurham.com (Lori Mode) — Mon, 24 Mar 2025 19:17:14 GMT

Are Open Houses Obsolete?

Beyond Open Houses: The Smart Way to Market Your Home in Today's Real Estate Market

Open houses have long been considered a traditional staple of home selling. You know the drill: signs posted around the neighborhood, cookies baking in the kitchen, and hopeful sellers waiting for potential buyers to walk through the door. But in today's digital-first real estate landscape, successful home selling requires a more sophisticated approach.

The Evolving Real Estate Marketing Landscape

Gone are the days when a simple open house sign could attract your ideal buyer. Modern homebuyers are tech-savvy, information-hungry, and increasingly selective. They begin their home search online, scrolling through listings, comparing properties, and forming first impressions before they ever set foot in a property.

Five Critical Marketing Strategies to Sell Your Home

1. Visual Storytelling: Professional Photography and Videography

First impressions matter—especially online. High-quality listing photos and videos are no longer a luxury; they're a necessity. Professional photographers know how to:

Capture your home's best angles
Use lighting to highlight spacious rooms
Create virtual tours that give potential buyers a comprehensive view of the property
Showcase unique features that make your home stand out

A well-crafted visual narrative can make the difference between a potential buyer scrolling past or scheduling a showing.

2. Targeted Digital Exposure

Traditional open houses are limited by geography and timing. Digital marketing breaks these barriers:

Social media platforms allow precise targeting of potential buyers
Email marketing can reach real estate professionals and interested parties
Digital ads can be customized to reach specific demographics, locations, and interests
Online listings provide 24/7 visibility for your property

3. Strategic Pricing and Home Presentation

Pricing isn't just about numbers—it's about perception and market positioning. A strategically priced home:

Attracts more serious buyers
Generates competitive interest
Demonstrates seller's understanding of market value

Professional staging complements pricing by helping buyers visualize themselves in the space. This might involve:

Decluttering
Neutral color schemes
Optimal furniture placement
Highlighting architectural features

4. Personalized Showings: Quality Over Quantity

While open houses invite everyone, private showings attract serious buyers. These scheduled viewings:

Allow potential buyers to explore at their own pace
Provide a more intimate property experience
Enable more personalized interactions with the property
Attract buyers who are genuinely interested and potentially ready to make an offer

5. Comprehensive Marketing Approach

The most successful home sales integrate multiple strategies:

Professional visual content
Targeted digital marketing
Strategic pricing
Selective, personalized showings
Responsive communication

Are Open Houses Completely Obsolete?

Not at all. Open houses can still be a valuable tool when used strategically. They work best as one component of a comprehensive marketing plan, not as the sole strategy.

Your Next Steps

Selling a home is more than a transaction—it's a strategic process. By embracing modern marketing techniques, you can:

Reach more potential buyers
Generate genuine interest
Potentially sell faster and at a better price

Ready to Sell?

If you're considering selling your home, don't rely on outdated methods. Let's craft a marketing strategy tailored to your property and target buyers.

Interested in learning more? Let's connect and discuss how we can maximize your home's market potential.

Sell Your Home In Spring Quickly & For Top Dollar

info@modeanddurham.com (Lori Mode) — Thu, 20 Mar 2025 22:07:37 GMT

Sell Your Home In Spring Quickly & For Top Dollar

Timing Your Home Sale: How to Maximize Your Profit

When it comes to selling your home for top dollar, timing can make all the difference. Strategic planning around when you list your property can significantly impact both the sale price and how quickly your home moves off the market.

The Optimal Listing Window

Real estate professionals consistently find that the period from late March to early May represents the sweet spot for home listings. Properties that enter the market during this early spring timeframe typically sell more quickly and command higher prices than those listed during other seasons.

This advantage exists primarily because buyers are actively searching for properties they can close on before the summer months arrive. Many families prefer to move during summer breaks, creating a natural surge in spring buying activity.

Why Early Spring Listings Perform Better

Several factors contribute to the success of early spring listings:

More Serious Buyers : Spring brings out committed buyers who are ready to make decisions. These potential purchasers have often done their financial preparation during winter months and are prepared to move forward with transactions.

Enhanced Curb Appeal : The warmer weather of spring allows your property to showcase its outdoor features in their best light. Blooming gardens, green lawns, and bright natural lighting all contribute to positive first impressions.

Streamlined Closing Timeline : Listing in early spring typically allows for a more relaxed closing process, giving both parties time to complete transactions before summer vacations and travel plans complicate schedules.

The Risk of Waiting

Delaying your listing until late spring or summer introduces a significant challenge: increased competition. As more homeowners place their properties

on the market, buyers have more options to consider, potentially diluting interest in any single property.

Planning Your Sale

If selling your home is on your horizon, now is the ideal time to begin preparations. Consider scheduling any necessary repairs, decluttering your space, and consulting with a real estate professional to develop a personalized timing strategy that aligns with these market patterns.

By understanding and leveraging these seasonal trends, you position yourself to maximize your home's selling potential and achieve the best possible return on your investment.

How To Stage Like A Pro

info@modeanddurham.com (Lori Mode) — Wed, 19 Mar 2025 23:08:55 GMT

How To Stage Like A Pro

Staging isn’t just about making your home look pretty—it’s about helping buyers see themselves LIVING there.

And trust me, the right staging can mean faster offers and higher sale prices!

Here’s how to do it like a pro ↓

01 – Declutter and depersonalize
Less is more! Clear off counters, remove personal photos, and create a clean, neutral space that appeals to all buyers.

02 – Maximize natural light.
Open the curtains, clean the windows, and add bright, neutral lighting to make every room feel bigger and more inviting. ☀️

03 – Create a cozy, functional layout.
Arrange furniture to highlight space and flow. The goal is to make rooms feel open, welcoming, and easy to navigate.

04 – Add inviting touches.
Fresh flowers, soft throw blankets, and light, neutral scents (like citrus or vanilla) make a home feel warm and welcoming. ��

05 – Beautiful curb appeal.
First impressions matter! A fresh doormat, potted plants, and a clean front porch instantly add WOW factor before buyers even step inside.

✨ Staging doesn’t have to be complicated—but it DOES make a difference! I actually have a stager on my team and we believe in staging so much that I pay for your hone to be staged! DM me for more information!

3 Things That Can Make Or Break Your Offer

info@modeanddurham.com (Lori Mode) — Thu, 13 Mar 2025 19:30:00 GMT

3 Things That Can Make Or Break Your Offer

3 Keys to Making a Winning Offer on a Home

Buying a home is an exciting journey, but in today’s market, a strong offer can mean the difference between landing your dream home or losing out to another buyer. Before you make your move, here are three crucial factors that can make or break your offer.

1. Your First Offer Sets the Tone

It’s tempting to start low and negotiate up, but in a competitive market, lowballing can backfire . Sellers want serious buyers, and a weak offer might not even get a counter. Instead:

✔ Research the market —know what similar homes are selling for.
✔ Make a fair, data-backed offer that reflects the home’s value.
✔ Consider seller motivation —if they need a quick sale, a solid first offer can stand out.

A well-thought-out offer shows sellers that you’re serious, increasing your chances of success.

2. Price Isn’t Everything

A common mistake buyers make is focusing only on the purchase price. But sellers consider more than just dollars when reviewing offers. Other factors that matter:

✔ Closing timeline —Can you move quickly if the seller needs a fast close?
✔ Contingencies —Fewer contingencies can make your offer more attractive.
✔ Flexibility —A seller who needs extra time may prioritize a buyer willing to accommodate their schedule.

A clean, well-structured offer can sometimes beat a higher offer that’s bogged down with contingencies or strict terms.

3. Pre-Approval Isn’t Optional

Imagine submitting an offer only to have the seller dismiss it instantly because you don’t have proof of funds . A pre-approval letter from your lender is essential —without it, sellers may not take your offer seriously.

✔ It shows sellers you can afford the home and won’t waste their time.
✔ It gives you stronger negotiating power , especially in a multiple-offer situation.
✔ It helps you act fast when you find the right home—no waiting around for loan approval.

Bottom line? Before you start house hunting, get pre-approved—it’ll make the process smoother and put you in a stronger position.

Let’s Make Your Offer Stand Out!

If you're thinking about buying a home, let’s craft a winning strategy so you can secure the home you love. Reach out today, and let’s get started!

Hack For Home Buyers To Save Thousands

info@modeanddurham.com (Lori Mode) — Tue, 11 Mar 2025 19:04:07 GMT

Hack For Home Buyers To Save Thousands

A Smart Homebuying Hack That Can Save You Thousands

Buying a home is one of the biggest investments you’ll ever make, so it only makes sense to maximize your savings wherever possible. While most buyers focus on negotiating the purchase price, there’s another powerful strategy that many overlook—asking the seller for a rate buydown.

What Is a Seller-Paid Rate Buydown?

A rate buydown is when the seller contributes funds to help lower your mortgage interest rate. Instead of reducing the sale price, the seller offers a credit that allows you to secure a lower rate, which in turn reduces your monthly mortgage payment. Over time, this can lead to significant long-term savings —often totaling thousands of dollars over the life of the loan!

Why This Strategy Works

Many sellers are more willing to offer credits toward a rate buydown rather than lowering the sale price. Here’s why this benefits you:

✨ Lower Monthly Payments: A reduced interest rate means lower payments right from the start, making homeownership more affordable.

✨ Significant Long-Term Savings: Even a small reduction in your interest rate can save you tens of thousands over the years.

✨ Stronger Negotiating Power: Sellers may be more open to offering credits instead of cutting their asking price, giving you more flexibility in negotiations.

How to Use This Strategy in Your Home Purchase

Before making an offer, it’s essential to have a solid plan in place. Working with a knowledgeable real estate agent can help you navigate these negotiations and secure the best deal possible—without leaving money on the table.

If you’re thinking about buying a home, let’s discuss your options and explore ways to maximize your savings. Send me a message today, and let’s strategize!

Why March Is A Great Time To List Your Home

info@modeanddurham.com (Lori Mode) — Mon, 03 Mar 2025 23:47:26 GMT

Why March Is A Great Time To List Your Home

March is one of the BEST times to hit the market. Here’s why ��

✔️ There’s less competition.
Many sellers wait until late spring or summer, but listing in March means fewer homes on the market = more eyes on yours! ��
✔️ Serious buyers are ready.
Spring buyers aren’t just browsing…they’re ready to make a move. With tax refunds, pre-approvals in place, and an urgency to buy before summer, they’re motivated.
✔️ Better weather = better showings
Warmer temps and longer days mean more buyers are out house-hunting. Plus, natural light makes your home look even better. ☀️
✔️ Higher sale prices.
Historically, homes listed in early spring sell faster and for more money compared to later in the year. More demand = better offers! ��
✔️ Closings before summer.

Listing now means you can sell and move before summer, avoiding the last-minute rush and giving you a fresh start before the next season.

How To Make Buyers Fall In Love With Your Home

info@modeanddurham.com (Lori Mode) — Tue, 18 Feb 2025 20:45:00 GMT

How To Make Buyers Fall In Love With Your Home

How to Make Buyers Fall in Love with Your Home

Selling your home is a lot like dating—you want to make a great first impression, stand out from the competition, and ultimately, find the perfect match. So, how do you make buyers fall head over heels for your home? Here are four tried-and-true strategies to help you attract the right buyers and maximize your sale.

Don’t play hard to get. The easier it is for buyers to find and tour your home, the better. Start by ensuring your home is showcased beautifully in the digital space with high-quality photos, detailed descriptions, and even virtual tours. Make scheduling showings as seamless as possible—flexibility is key to getting more eyes on your property.

But still make them work for it. Pricing is everything when it comes to generating interest. A strategic price point can spark more showings, create competition, and even lead to multiple offers. Instead of overpricing and risking your home sitting on the market, work with your real estate agent to find that sweet spot that attracts serious buyers.

Put your best foot forward . First impressions matter. Declutter and depersonalize your space so buyers can easily envision themselves living there. A well-staged home that feels welcoming and neutral appeals to a wider audience, making it more likely to sell quickly and for top dollar.

Consider a new look. Did you know staging almost always results in a higher sales price? Whether it’s a fresh coat of paint, updated décor, or professionally styled furniture, staging highlights your home’s best features and makes it feel move-in ready. Investing in a little presentation power can pay off big when it’s time to sell.

Ready to make buyers fall in love? If you’re thinking about selling, let’s talk. I’ll help you create a strategy that makes your home irresistible to buyers and gets you the best possible outcome.

Let’s get your home sold.

5 Must Ask Questions For Your Lender Before Buying A Home

info@modeanddurham.com (Lori Mode) — Mon, 17 Feb 2025 20:25:34 GMT

5 Must Ask Questions For Your Lender Before Buying A Home

5 Must-Ask Questions for Your Lender Before Buying a Home

Buying a home is one of the most exciting milestones in life—but let’s be real, the financing side of things can feel overwhelming. That’s why asking the right questions upfront is key to making the process as smooth (and stress-free!) as possible.

Before you dive into house hunting, grab this quick cheat sheet and make sure your lender answers these five essential questions:

1️⃣ What’s the Best Loan Type for Me?

Every buyer’s situation is unique, and there are several loan options available—FHA, VA, conventional, jumbo, and more. Your lender can help tailor the best fit for your financial goals.

2️⃣ What’s My Interest Rate and APR?

Your interest rate directly affects your monthly mortgage payment, while the APR gives you a broader picture of the total loan cost, including fees. Knowing both helps you plan your budget wisely.

3️⃣ What Are the Total Costs?

Beyond your down payment, there are closing costs, lender fees, and prepaid expenses to consider. Ask for a breakdown so there are no surprises on closing day.

4️⃣ How Much Down Payment Do I Need?

Many buyers assume they need 20% down, but there are options with much lower requirements! Your lender can explain what’s available based on your credit and loan type.

5️⃣ How Quickly Can I Get Pre-Approved?

In a competitive market, timing is everything. Getting pre-approved before you start your home search gives you a strong advantage when making an offer.

As your real estate agent, I’m here to guide you through every step of the process. From connecting you with trusted lenders to negotiating the best deal on your dream home—I’ve got your back!

Thinking about buying soon? Let’s chat and get you started on the right path!

What Smart Buyers Are Doing In February

info@modeanddurham.com (Lori Mode) — Tue, 11 Feb 2025 20:24:28 GMT

Smart Buyers in February Are Doing This

Why Smart Buyers Get Pre-Approved Before Spring

Buying a home isn’t just about finding the perfect property—it’s about setting yourself up for success from the very beginning. With the spring market right around the corner, now is the time for serious buyers to get pre-approved.

Why Does Pre-Approval Matter?

The real estate market heats up in the spring, with more buyers competing for the same homes. If you’re not prepared, you could miss out on your dream home. Here’s why getting pre-approved now gives you a competitive edge:

✔️ Sellers Will Take You Seriously
When you submit an offer with a pre-approval letter, sellers know you’re financially ready to buy. In a multiple-offer situation, this can make all the

difference.

✔️ You’ll Know Exactly What You Can Afford
A pre-approval helps you understand your budget, so you’re not wasting time looking at homes outside your price range—or missing out on ones you can afford.

✔️ You Can Lock In a Competitive Interest Rate
Mortgage rates fluctuate, and securing a rate early can save you thousands over the life of your loan. Waiting too long could mean paying more for the same house.

Don’t Wait—Get Pre-Approved Today!

If you’re planning to buy this spring, start the process now. Reach out to a trusted lender and get pre-approved so when the right home comes along, you’re ready to make a strong offer.

Have questions about the home-buying process? Let’s chat! I’m here to help you navigate every step.

The Listing Consultation Process

info@modeanddurham.com (Lori Mode) — Fri, 31 Jan 2025 23:03:21 GMT

The Listing Consultation Process

Thinking of Selling Your Home? Here’s Where to Start

Selling your home is a big decision, and if you're not sure where to start, you’re not alone! The process may seem overwhelming, but with the right guidance, you can navigate it with confidence. The first step? A listing consultation —a crucial meeting that lays the foundation for a successful home sale.

What is a Listing Consultation?

A listing consultation is your opportunity to meet with a real estate professional (that’s me!) to discuss your goals, assess your property, and develop a customized plan for selling your home. Here’s what you can expect during this essential first step:

1. Property Assessment & Value Maximization

Every home has unique features that set it apart. During our consultation, I’ll do a thorough walkthrough of your property, highlighting its strengths and identifying any areas where small improvements could lead to a higher selling price. Whether it’s a fresh coat of paint, minor repairs, or staging recommendations, I’ll provide expert advice to help your home shine in the eyes of potential buyers.

2. Understanding the Market & Pricing Strategy

Pricing your home correctly is one of the most important factors in a successful sale. I’ll provide a detailed analysis of the local real estate market , recent sales in your area, and current buyer demand. With this data, we’ll determine a competitive and strategic price point that attracts buyers while ensuring you get the best possible return on your investment.

3. Creating a Marketing & Selling Plan

Once we’ve set the right price, it’s time to get your home in front of the right buyers! I’ll outline a comprehensive marketing plan that includes:

Professional Photography & Videography: High-quality visuals to showcase your home’s best features.
Online & Social Media Promotion: Listings on major real estate platforms, targeted ads, and social media campaigns.
Open Houses & Private Showings: Creating opportunities for buyers to experience your home in person.
Negotiation & Closing Support: Ensuring you get the best possible terms when the offers start rolling in.

Confidence Every Step of the Way

From preparing your home for the market to navigating offers and closing, I’ll be by your side to answer questions, provide guidance, and make sure you feel informed and confident throughout the entire process. Selling your home doesn’t have to be stressful—with the right strategy and support, it can be a smooth and successful experience.

Ready to take the first step? Let’s schedule your listing consultation today!

Don't Trust Zillow With Your Home Value

info@modeanddurham.com (Lori Mode) — Thu, 23 Jan 2025 20:38:07 GMT

Don't Trust Zillow With Your Home Value

Why Zillow’s “Zestimates” May Not Reflect Your Home’s True Value

If you’ve ever browsed Zillow to check out your home’s value, you’ve likely come across their “Zestimates.” These automated home valuations are convenient and popular, but they’re not always spot-on when it comes to determining your property’s true worth. Let’s dive into why that is and what you can do to get a more accurate picture of your home’s value.

1. Public Data and Algorithms Have Their Limits

Zillow’s Zestimates rely on public data and algorithms to calculate home values. While this is a useful starting point, it’s far from perfect. Algorithms can’t account for:

Recent upgrades: If you’ve remodeled your kitchen, added a new deck, or upgraded your flooring, these improvements might not be reflected.

Unique features: Custom design elements or high-end finishes that set your home apart won’t be accurately captured.

Local market nuances: Algorithms don’t understand the subtleties of your local real estate market, such as buyer demand or the popularity of specific neighborhoods.

2. Location Matters—A Lot

Home values can vary significantly, not just from one neighborhood to another but even street by street. Factors like proximity to schools, parks, shopping centers, and public transportation can influence a home’s value. An algorithm might not pick up on these hyper-local details, but a real estate professional will.

3. Zillow Hasn’t Stepped Inside Your Home

A Zestimate is essentially a guess based on the data Zillow has access to—and that data doesn’t include a first-hand look at your home. Important factors that influence your home’s value, like:

Renovations

Overall condition

Curb appeal

These are things only a trained eye can assess in person.

The Bottom Line

While Zestimates can be a fun tool to use, they shouldn’t be your go-to source for determining your home’s value. If you’re serious about buying, selling, or refinancing, it’s always best to consult with a local real estate professional who can provide a detailed market analysis tailored to your home and area.

�� Pro Tip: Partner with a Real Estate Expert

For an accurate and up-to-date home valuation, reach out to a trusted real estate expert. They’ll take into account everything from your home’s unique features to current market trends, giving you a realistic idea of your property’s worth.

If you’re curious about your home’s true value, feel free to contact me—I’d be happy to help!

3 Things To Do Today To Improve Your Credit Score

info@modeanddurham.com (Lori Mode) — Wed, 22 Jan 2025 19:00:01 GMT

3 Things To Do Today To Improve Your Credit Score

When it comes to buying a home, your credit score plays a significant role in determining your mortgage options and interest rates. The good news is that improving your credit score isn’t as daunting as it might seem. By making a few strategic moves now, you can boost your score and put yourself in a stronger financial position when it’s time to buy. Here’s how:

1. Pay Down Your Balances

Your credit utilization—the percentage of your available credit you’re using—is a major factor in your credit score. Aim to keep your credit utilization below 30% of your total limit. For example, if your credit limit is $10,000, try to keep your balance below $3,000. If possible, pay off small balances completely. Doing so not only frees up credit but also provides a quick boost to your score.

2. Set Up Automatic Payments

Missed payments can significantly impact your credit score. To avoid this, set up automatic payments for at least the minimum amount due on your accounts. This ensures you never miss a payment, which is crucial for maintaining and improving your score. Consistency in your payment history is one of the most important factors in building good credit.

3. Check Your Credit Report for Errors

Did you know that errors on your credit report could be dragging your score down? Request a free copy of your credit report from AnnualCreditReport.com and review it carefully. Look for inaccuracies such as incorrect account balances, late payments that you’ve made on time, or accounts that don’t belong to you. Disputing these errors with the credit bureau could improve your score quickly.

Pro Tip: Build Good Credit Habits Now

Improving your credit score isn’t just about short-term fixes—it’s about building habits that will benefit you in the long run. Paying bills on time, keeping balances low, and monitoring your credit regularly can make a huge difference when it’s time to secure a mortgage. Lenders will see you as a lower-risk borrower, which can help you qualify for better rates and terms.

Need Help Getting Financially Ready to Buy?

If you have questions about improving your credit score or getting financially ready to buy a home, I’m here to help.

�� DM me anytime, and let’s chat about how you can start preparing for homeownership today!

Buying New Construction in 2025? Know This.

info@modeanddurham.com (Lori Mode) — Tue, 21 Jan 2025 18:45:26 GMT

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When it comes to buying a new construction home, you might think you can handle it all on your own or that the builder’s agent will help you through the process. While the builder’s agent is certainly there to assist, their primary responsibility is to represent the builder’s interests—not yours. That’s why having your own real estate agent by your side is not just a good idea; it’s essential. Here’s why:

1. Representation Matters

The builder’s agent works for the builder, meaning their priority is to get the best deal for the builder. They are skilled professionals, but their loyalty is not to you. When you hire your own real estate agent, you’re ensuring that someone is looking out for YOUR best interests. From making sure you’re not overpaying to advocating for you during any disputes, your agent’s role is to protect you every step of the way.

2. Negotiation Expertise

Buying a new construction home doesn’t mean you have to accept everything at face value. A skilled real estate agent understands where there is room for negotiation. Whether it’s getting the builder to cover closing costs, including additional upgrades, or adjusting timelines, your agent knows how to advocate for what you want and deserve. Builders often have more flexibility than they let on, and an experienced agent can leverage that to your benefit.

3. Guidance Through the Process

The process of buying a new construction home can be exciting but also overwhelming. With so many details to manage—from understanding contracts and construction timelines to scheduling inspections—it’s easy to feel lost. Your agent will guide you through every stage, ensuring that you’re informed and prepared. They’ll help you ask the right questions, monitor deadlines, and address any red flags that may arise, giving you peace of mind throughout the journey.

Thinking About Building Your Dream Home?

Building a home from the ground up is an incredible opportunity, but it comes with its own set of challenges and complexities. That’s why having an experienced advocate in your corner is so important.

If you’re considering building your dream home, I’ve created a free New Construction Guide that walks you through the entire process. From understanding what to expect to tips for navigating the unique aspects of new construction, this guide has everything you need to feel confident in your journey.

�� Comment “BUILD” below, and I’ll send you a copy of the guide directly! Let’s make your dream home a reality—together.

Top 5 Reasons It Might Be Time To Move

info@modeanddurham.com (Lori Mode) — Wed, 15 Jan 2025 20:45:00 GMT

Top 5 Reasons It Might Be Time To Move

Top 5 Reasons It Might Be Time to Move

Deciding to move is a big decision, but sometimes life’s changes make it clear that it’s time for a new space. Whether it’s about finding the perfect fit or improving your quality of life, here are the top five signs it might be time to start packing:

1. You’ve Outgrown Your Space

Life evolves, and so do your needs. Maybe your family has grown, or you’ve transitioned to working from home and need a dedicated office. Whatever the reason, feeling cramped can create unnecessary stress. Moving to a larger home can provide the space you need to live more comfortably and stay organized.

2. You Have Too Much Space

On the flip side, perhaps your kids have moved out, or you’re simply finding that you’re not using all the rooms in your house. Maintaining a large property can be costly and time-consuming. Downsizing can free up your time and resources, allowing you to focus on what truly matters.

3. Your Commute Is Draining You ��

A long, stressful commute can take a toll on your mental health, finances, and work-life balance. If you’re spending hours on the road or dealing with unreliable public transit, consider moving closer to work or to an area with better transportation options. Reducing your commute can give you back valuable time to spend with family, friends, or simply enjoying life.

4. Your Neighborhood No Longer Suits You

Neighborhoods change over time, and so do your priorities. Maybe your once-vibrant area has become too noisy, or you’ve developed new interests that your current location doesn’t accommodate. Whether you’re seeking better schools, quieter streets, or a more active social scene, moving to a neighborhood that aligns with your lifestyle can make all the difference.

5. You’re Financially Ready ��

Perhaps the best reason to move is when you’re in a strong financial position to do so. Whether you’ve saved for a down payment, improved your credit score, or experienced a boost in income, being financially prepared gives you the freedom to find a home that fits your goals. Investing in real estate can also be a smart way to build long-term wealth.

Final Thoughts

Moving is more than just changing addresses; it’s about finding a place that feels like home and supports your current and future needs. If any of these reasons resonate with you, it might be time to explore your options. Need help navigating the process? Let’s connect to find the perfect home for your next chapter!

2025 Real Estate Predictions From The National Association of Realtors

info@modeanddurham.com (Lori Mode) — Mon, 13 Jan 2025 20:49:09 GMT

2025 Real Estate Predictions From The National Association of Realtors

2025 is going to be an exciting year in real estate!

Here’s what experts at the National Association of Realtors (NAR) are forecasting…

✔️ Home sales on the rise ��
Expect a 9% increase in existing home sales and an 11% jump in new home sales. With more jobs and improving economic conditions, more buyers may finally make their move!

✔️ Mortgage rates to stabilize
Rates may hover at the lower end of the 6%–7% range, but don’t expect drastic drops yet. The Fed’s rate cuts might help, but the budget deficit will play a key role.

✔️ Slow & steady home price growth
Prices are expected to grow at a more manageable 2% in 2025, bringing some relief to buyers after years of rapid increases.

✔️ A new wave of buyers
→ Cash buyers are making moves, with 26% of home sales being all-cash.
→ First-time buyers are older (median age: 38), saving longer, and putting down bigger down payments.
→ Multigenerational homes are rising, with families combining incomes to afford a home.

Let’s talk about your goals and create a strategy that works for you.

DM, text, or call me—I’m here to help make your real estate journey a success! ��

#2025RealEstatePredictions #MarketPredictions #LocalRealtor #elkgroverealestate #ealestatemarket

3 Things You Should Know If Buying in 2025

info@modeanddurham.com (Lori Mode) — Mon, 13 Jan 2025 19:24:28 GMT

3 Things You Should Know When Selling in 2025

Thinking of selling your home this year?

Here are three key insights to help you navigate the market ��

01 – Mortgage rates impact buyers
Mortgage rates are stabilizing but remain higher than the historic lows we saw a few years ago.
Pricing your home competitively will be crucial to attract serious buyers.
02 – Inventory is rising
With more homes coming on the market, presentation matters more than ever.
Declutter, stage, and make small improvements to help your home stand out from the competition.
03 – Buyer demographics are changing
All-cash buyers, multigenerational households, and first-time buyers over the age of 38 are on the rise.

Knowing who your potential buyers are can help you market your home effectively.

�� If you’re thinking about selling, comment “GUIDE” and I’ll DM you my Seller Guide – packed with all the steps you need for a stress-free and successful sale. ��

#ListingAgent #HomeSale #RealEstateAgent #sacramentorealestate #elkgroverealestate #realtor

How To Predict Closing Costs

info@modeanddurham.com (Lori Mode) — Thu, 14 Nov 2024 21:13:57 GMT

Is There A Way To Predict Closing Costs?

Understanding Closing Costs: What to Expect When Buying a Home

When buying a home, understanding closing costs is crucial for setting realistic financial expectations. Though closing costs can vary based on several factors, the good news is that they can often be estimated with reasonable accuracy. Here’s a deeper look at what to expect.

�� Loan Estimates: Your First Step Toward Understanding Costs

When you apply for a mortgage, lenders are required to provide a Loan Estimate early in the process. This document gives you a breakdown of potential fees, including:
- Loan Origination Fee: The cost to process your loan, often a percentage of the loan amount.
- Appraisal Fee: Covers the cost of a professional appraisal to determine the home’s value.
- Credit Report Fee: A small fee to pull your credit report as part of your loan approval.
- Underwriting and Processing Fees: Fees that cover the internal work involved in finalizing your loan.

This estimate is essential for understanding and preparing for what you'll owe at closing. Although it may not be a 100% accurate prediction, it provides a fairly reliable guideline for your budget.

�� Location Matters: Fees Vary by Region

Your location can significantly impact your closing costs. Specific fees, like title insurance and recording fees, can differ depending on your state or county’s requirements. In some areas, you might also encounter transfer taxes or attorney fees as part of the transaction.

Working with a real estate professional who has experience in your market is incredibly helpful for estimating location-based fees. A local expert (like me! ��) can review recent transactions in your area and provide an estimate that aligns with similar homes nearby, ensuring you aren’t surprised by unexpected costs.

�� Typical Range: Budgeting for Closing Costs

In general, closing costs for buyers usually range between 2% and 5% of the home’s purchase price.

For example:
- If you’re purchasing a home for $300,000, you might expect closing costs between $6,000 and $15,000.
- On a $500,000 home, closing costs could be around $10,000 to $25,000.

These costs encompass a variety of fees—from the loan-related charges mentioned above to escrow fees, title insurance, and prepaid items like property taxes and homeowners insurance.

The Bottom Line: With the Right Guidance, You’ll Be Prepared

Closing costs can feel overwhelming at first, but with accurate estimates and support from a knowledgeable real estate team, you'll have a clear understanding of these expenses before you sign on the dotted line. Proper planning makes all the difference in ensuring your home-buying experience is as smooth and financially stress-free as possible.

As always, if you have questions or need personalized guidance on what to expect with closing costs, feel free to reach out—I'm here to help!

Questions To Ask A Realtor Before You Hire Them

info@modeanddurham.com (Lori Mode) — Sat, 09 Nov 2024 19:00:00 GMT

Questions To Ask A Realtor Before You Hire Them

DON’T SKIP THESE QUESTIONS ��

Here are 5 things to ask a real estate agent before selling your home:

�� Who do you think is the likely buyer of my home & why?
— Your realtor should understand exactly why type of buyer will be most interested in your home and WHY. Their marketing strategy should reflect that.

�� How will you get my home in front of those potential buyers and ensure they’ll pay top dollar?
— The answer should go far beyond simply taking professional photography and putting the home in the MLS. If the answer doesn’t involve a detailed strategy to make your home absolutely irresistible to potential buyers, move on.

�� How does my property compare to other available options? What are the ways my home is superior? What are the weak spots and how will you overcome them?
— This will reveal how well the real estate agent understands the market and your competition.

�� What do you think is the best strategy for pricing my home and why?
— This should be an analytical answer backed up by quantitative and qualitative data.

⏱️ What does an ideal transaction and timeline look like for my home? What will you do if we don’t achieve that?
— Your realtor should know, based on data, how long it typically takes for comparable homes in your area to sell. Make sure they have a plan to constantly analyze progress and quickly pivot if necessary.

What would you add to the list? If you’ve sold a home before, is there a question you wish you’d asked?

If you’re looking to sell your home in the greater Sacramento area, I would welcome the opportunity to sit down for a consultation to answer these questions and determine if we are a good fit for one another.

If you live in another city, I have a nationwide network of agents that I can connect you with.

Just send me a DM.

— Lori Mode, a Sacramento real estate agent

#realestate #sellinghomes #listingagent #sacramentorealestate #choosingarealtor #elkgroverealestate #luxuryhomes

Why Buy A Home in November?

info@modeanddurham.com (Lori Mode) — Fri, 08 Nov 2024 19:29:08 GMT

Why Buy A Home In November?

**Why Buying a Home in November Can Give You a Serious Advantage**

When it comes to timing your home purchase, you might be surprised to learn that November could be one of the best months to make a move. For buyers, the fall season offers unique advantages that can give you a significant edge in the real estate market. Let’s dive into why savvy buyers are especially drawn to this time of year:

1. Less Competition from Other Buyers
As the weather cools down, so does the number of active buyers in the market. Many people put their home search on hold to focus on holiday planning, which means fewer people competing for the same properties. This quieter season gives you more breathing room and a better chance of getting your offer accepted without facing bidding wars.

2. Motivated Sellers Ready to Make Deals
Sellers who list their homes in November often have strong reasons for doing so—they may need to relocate for a new job, downsize, or close a sale before the year’s end. Because of this, sellers tend to be more flexible and motivated to negotiate, which can create favorable conditions for buyers to score a great deal.

3. Potential for Lower Prices and Quick Closings
With fewer buyers on the scene, sellers may adjust their asking prices to attract offers, resulting in potential savings for you. Additionally, the market pace tends to slow, so lenders, inspectors, and appraisers usually have more availability. This can make for quicker closings, which is ideal if you’re hoping to move in before the holidays.

4. Year-End Financial Benefits and Tax Savings
Purchasing a home before December 31 can provide valuable tax deductions, such as mortgage interest, property taxes, and closing costs. These deductions could lower your tax liability for the current year, helping to offset some of the costs associated with your new home purchase. For financially savvy buyers, these year-end benefits are a significant advantage.

Now Is the Time to Buy
If you’ve been waiting for the right moment to make your move, this could be it. The November market offers an excellent balance of buyer benefits that could make a real difference in your home search journey. You’ll not only enjoy less competition and potentially better pricing, but you may also close the deal just in time to celebrate the holidays in your new home.

Ready to find your dream home before the holidays? Let's make it happen!

Don't Get Stuck Overpaying For A Home

info@modeanddurham.com (Lori Mode) — Tue, 29 Oct 2024 20:01:24 GMT

Don't Get Stuck Overpaying For A Home

Are You Overpaying for Your Home? 3 Key Questions to Ask

With home prices continuing to rise, it's completely understandable to wonder: Am I overpaying for this home? Buying a home is a major financial commitment, and you want to feel confident that you're making a sound investment. Here are three essential questions to help you determine if a property is priced right for you.

1) How Long Has the Home Been on the Market?

One of the first indicators of whether a home might be overpriced is the length of time it has been listed. If a home has been sitting on the market for an extended period, it could signal that the price is set too high, or there might be other issues impacting its appeal.

While some homes take longer to sell because of unique features or location, extended market time can be a clue that you should proceed with caution and dig deeper.

2) Has Your Agent Provided a Comparative Market Analysis (CMA)?

A Comparative Market Analysis, or CMA, is a vital tool that your real estate agent can use to help you gauge whether the asking price aligns with the local market. By comparing the property to similar homes in the area that have recently sold, you can get a better understanding of what is reasonable to pay.

An accurate CMA includes details about similar homes’ square footage, age, location, and unique features, giving you a snapshot of how your potential home stacks up. If your agent finds a significant difference between the listing price and recent comparable sales, it may be worth renegotiating or reconsidering.

3) Does the Home Need Significant Repairs or Updates?

Is the home move-in ready, or will it require substantial work to meet your standards? A house that needs major repairs or updates can quickly turn into a financial burden if you’re not prepared.

Consider both immediate and long-term costs. Will you need to replace the roof soon? Are there plumbing or electrical issues that could become costly? Even cosmetic updates like painting and new flooring can add up. Assessing the total estimated costs for any improvements you’ll need to make can help you see if the price aligns with your budget and expectations.

Patience Pays Off

Finding the right home at the right price requires patience and research. By taking these steps, you can feel confident in your investment and avoid overpaying. Don’t hesitate to reach out if you have questions or need guidance – as your real estate agent, I'm here to help you make informed, confident decisions.

#RealEstateAgent #HomeCosts #HouseHunting #ElkGroveRealEstate #HomePrices #SacramentoRealEstate #BuyingAHome

How To Make Your Offer Stand Out In A Competitive Market

info@modeanddurham.com (Lori Mode) — Mon, 23 Sep 2024 16:45:00 GMT

How To Make Your Offer Stand Out In A Competitive Market

You’ve probably heard that interest rates have decreased and are likely to decrease even more.

That’s GREAT news when it comes to affordability. It likely means that there will be many more buyers jumping into the game. However, with more buyers = more competition.

So let’s talk about a few things that’ll set you up for success this fall.

First, for many sellers, it’s not always about price.

While many sellers are concerned with walking away with the highest dollar possible, sometimes there are other circumstances or motivations that will take priority over a negligible difference in price… especially in the fall market.

For example, some sellers have a specific timeline they must adhere to (otherwise, they may have opted to sell in the spring instead).

If they need to close quickly so that their proceeds can be applied to their next purchase, they may value an earlier closing date.

If they need more time to find their next home, they may value a rent back period over a slightly higher offer price.

It all depends on the specific circumstances of the seller and the only way to know what’s motivating them is for your real estate agent to do the extra, thoughtful work of finding out.

This can make all the difference in multiple offer situations — which are likely to increase the lower the interest rates get.

So, if you’re planning to buy anytime soon, it’s time to find an agent who can help you prepare and represent you well in this market that is heating up.

Comment READY or DM me to set up a time to talk.

Be sure to follow me for all things real estate in Sacramento.

#realestate #realtor #homebuying #interestrates #sacramentorealestate #buyingahome #realtor

How To Avoid A Price Reduction When Selling

info@modeanddurham.com (Lori Mode) — Sun, 22 Sep 2024 16:45:00 GMT

How To Avoid A Price Reduction When Selling?

It’s the LAST thing you want to have to do when you put your home on the market.

A price reduction makes potential buyers ask, “Why didn’t anyone else buy it yet?” It makes them want to know what’s wrong with your home. That’s just the truth.

According to data from Realtor.com, there were 326,540 price reductions in the US in July 2024.

Here’s how to avoid that:

Price your home strategically from the start.

The real estate market, especially right now, is constantly changing. This is due to a number of reasons like:

- external factors such as interest rate fluctuations
- what other homes are on the market & how many of them (competition)
- the season
- buyer demand

What your neighbor got on their nearly identical home to yours 4 months ago may be surprisingly different than what you can get for yours today. And the way you get to that number may be different from the way they obtained their sales price.

Only someone with their finger on the pulse of your hyper local market can help you determine the pricing strategy that will yield a quick and top dollar sale of your home.

If you’re a homeowner in Elk Grove looking to sell your home this Fall or in 2025, DM me. I’d be honored to discuss what strategy would best serve you. If you’re in another city, let me know below and I’d be happy to connect you with one of my trusted resources in your city.

Follow @elkgroverealestate for all things local and real estate in Elk Grove.

#elkgroverealestate #realestatemarket #sacramentorealestate #realtor #sellingyourhome #listingagent

Don't Do This And Sell For Top Dollar

info@modeanddurham.com (Lori Mode) — Sat, 21 Sep 2024 16:00:02 GMT

How To Sell Your Home Quickly & For Top Dollar

Do NOT do this:

Price your home based on what you FEEL you should get for it.

Here’s the thing, as a homeowner you are going to have a lot of feelings about your home. It’s yours. You’ve built a lot of memories there — some good and some bitter. Maybe you’ve put a lot of work into making your house a home.

The buyers? They don’t share those feelings.

Side note: it’s my job and a big part of my marketing strategy to evoke certain feelings in buyers that make them ACT, but that’s a discussion for a different post.

My best advice for you if you want to avoid having your home sit on the market with no offers or attention and prefer that your home sells QUICKLY and for TOP DOLLAR:

Put your feelings aside and trust the data. Allow an unbiased real estate expert with deep knowledge of your hyper local market tell you what the data says about your homes worth. And allow that unbiased real estate expert to tell you what list price is most likely to end with the highest SALES price.

Hi, that’s me. I’m Lori Mode and it would be my honor to discuss this with you. DM me and we’ll set up a time for a private consultation.

Follow @elkgroverealestate for all things local and real estate in Elk Grove.

#elkgroverealestate #sellingyourhome #listingagent #pricingyourhome #homevalue #realestate #sacramentohomesforsale

How Long Does It Take To Buy A Home?

info@modeanddurham.com (Lori Mode) — Fri, 20 Sep 2024 16:45:00 GMT

How To Time Buying A Home

First, know that this is a just general timeline��

��Of course, it’s different for everyone but it typically takes about 3 months from pre-approval to keys-in-hand��

Here’s a general timeline of what to expect:

✔️Pre-Approval (1-2 weeks)
✔️Home Search (4-8 weeks)
✔️Offer and Negotiation (1-2 weeks)
✔️Inspection and Appraisal (2-3 weeks)
✔️Loan Approval and Underwriting (3-5 weeks)
✔️Closing and Receiving Keys (1-3 days)

Again, these timelines can vary depending on various factors like the complexity of the transaction.

It’s important to have an experienced real estate agent (aka me��) on your side to help your through this process!

��Comment “GUIDE” and I’ll DM you my free Buyers Guide with all the steps for a successful purchase��

#realestate #buyingahome #homefortheholidays #realestatemarket #elkgrroverealestate #sacramentorealestate #firsttimehomebuyer #realtor

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September Is A Great Month To Buy A Home

info@modeanddurham.com (Lori Mode) — Thu, 19 Sep 2024 18:00:01 GMT

September Is A Great Month To Buy A Home

Thinking of making a move?

Here’s why September is a GREAT month to buy a home ��

01 – Less Competition: Beat the summer rush and enjoy fewer bidding wars.
02 – Motivated Sellers: Sellers are eager to close before the holidays—perfect for negotiations.
03 – Cooler Weather: Ideal conditions for house hunting and moving.
04 – Tax Perks: Lock in those end-of-year tax benefits before it’s too late.
05 – Holiday Prep: Settle in and get your new home ready for the festive season.

If you’re planning a move NOW or in the FUTURE…
�� Comment “GUIDE” and I’ll DM you my free Home Buyers Guide with all the steps to a successful purchase ��

#HomeBuying #RealEstateTips #BuyAHome #elkgroverealestate #sacramentorealestate #buyingahome #firsttimehomebuyer

Don't Wait For Rates To Drop Before Buying

info@modeanddurham.com (Lori Mode) — Wed, 18 Sep 2024 21:17:14 GMT

Don't Wait For Rates To Drop Before Buying

Competition.

Let me start by saying, I empathize with the fact that interest rates impact affordability. Many feel priced out. I hear you.

But there are two sides of every coin.

While I don’t have a crystal ball, my very best educated guess is that if interest rates drop significantly (as has been predicted) there will be an influx of active buyers.

More active buyers means more competition.

More competition tends to mean higher prices and less favorable terms.

If you’re sitting on the sidelines because of interest rates, consider speaking with a lender (comment CURIOUS and I’ll send over a few of my trusted lenders).

Here’s what you’ll want to know:

Let’s say you’re looking at a $750,000 home right now with a 6.75% interest rate. Rates drop and now you are able to secure a 5.75% rate, but because of increased competition, the price of a similar home is now $800,000. You’d likely be looking at a higher monthly payment even with the lower rate.

It’s a conversation worth having. Comment CURIOUS and I’ll send over a list of trusted lenders.

Share this with someone who might benefit from it.

— Lori Mode, a Sacramento area real estate agent.

#interestrates #buyingahome #realtor #sacramentorealestate #elkgroverealestate #realestatemarket #firsttimehomebuyer

How To Boost Your Credit Score

info@modeanddurham.com (Lori Mode) — Mon, 09 Sep 2024 20:40:45 GMT

The Secret To Boosting Your Credit Score

�� According to Nerd Wallet – you could add up to 100 points with tips like paying cards more than once a month and fixing credit report errors.

Here are some other ways to BOOST your credit score��

✔️Reduce credit card balances
✔️Don’t close any old accounts
✔️Avoid opening too many new accounts
✔️Check your credit report to see if there are any errors
✔️Be patient

Remember that there are no quick fixes for improving your credit score.

Be cautious of companies that promise to “fix” your credit overnight…
❌Many of them are scams.

Instead, focus on responsible credit management and maintaining good financial habits.

If buying a home is in your future plans, it’s never too early to start getting prepared.

��Comment “GUIDE” and I’ll DM you my complimentary buyers guide with all the steps you need��.

#buyingahome #creditscore #boostingyourcreditscore #elkgroverealestate #sacramentorealestate #credit #creditcards #firsttimehomebuyer

How To Sell Your Home In 5 Easy Steps

info@modeanddurham.com (Lori Mode) — Tue, 20 Aug 2024 22:30:18 GMT

How To Sell Your Home in 5 Easy Steps

Here are the �� steps to selling your home…

01 – Prepare Your Home for Sale

�� Declutter, clean, and make necessary repairs.
Stage your home to highlight its best features.
�� Take high-quality photos for online listings.

02 – Set the Right Price

�� Price your home competitively to attract buyers.
Work with your agent to determine the “sweet spot” price

03 – Time to Market Your Home

�� I’ll list your home on the MLS and popular real estate websites.
Utilize social media and online advertising.
�� Host open houses and private showings.

04 – Negotiate Offers

We’ll review all offers and negotiate terms to get the best possible deal.
�� Accept the offer that best meets your needs.

05 – Close the Sale

Complete all necessary paperwork and legal requirements.
�� Finalize the sale and transfer ownership to the buyer.

The most important step...before beginning all of these...is to hire the right agent! One with both the experience and the skills to get the job done! Call me so we can talk more about this!

If you’re thinking of selling, �� comment “GUIDE” and I’ll DM you my complimentary Seller Guide with all the steps to a successful sale ��

#sellerguide #listingagent #realestateagent #sellingahome #elkgroverealestate #sacramentorealestate

What Can Buyer's Expect With The Upcoming Changes?

info@modeanddurham.com (Lori Mode) — Tue, 20 Aug 2024 21:16:24 GMT

What Can Buyer's Expect With The Upcoming Real Estate Changes

BUYERS – Here’s what you need to know ↓

Starting August 17, 2024, Realtors will be REQUIRED to have a signed buyer’s representation agreement before showing you any home.

This agreement can be:
01 – For a single property (ideal for the first meeting) or
02 – For multiple properties over a specified period (if you decide to hire an agent to assist you throughout the home-buying process)
In the past, we could easily show you homes without this formality but…
due to the NAR settlement, it’s now mandatory for all Realtors.

This change is to ensure compliance and protect our licenses.
Choosing an agent to help you buy a home is such an important decision. The agent you choose to represent you has always been important, but now more than ever.
If you’re considering buying a home and need more clarification on any these
changes, please feel free to reach out with any questions!

#narsettlement #buyersagent #realestateagent #buyingahome #firsttimehomebuyer #elkgroverealestate #sacramentorealestate

Changes To The Real Estate Industry 2024

info@modeanddurham.com (Lori Mode) — Mon, 19 Aug 2024 17:45:13 GMT

Changes To The Real Estate Industry in August 2024

THE BIGGEST CHANGE ↓

Have you heard about the changes coming to the real estate industry as a result of the recent NAR lawsuit/settlement?

If you’re planning to buy a home anytime after August 17th, you’ll want to keep reading.

THE CHANGE ↓

The change I’m about to describe doesn’t actually alter how I work with my clients, as it’s always been a best practice. Commissions have always been negotiable and sellers never HAD to pay a buyers agent's commission.

The main thing you need to know is that starting August 17, realtors and their buyer clients are required to enter into a Buyer Agency Agreement prior to touring homes.

This written agreement essentially defines the relationship, terms, compensation, etc.

This is actually pretty standard operating procedure, but has now become a requirement. This protects both the client and the real estate agent by ensuring that we’re all on the same page about the services being offered.

Additionally, the compensation offered by the seller to the buyer’s agent will no longer be allowed to be advertised on the MLS, beginning August 12th for our MLS. Sellers are still allowed to (and many will) offer compensation to buyer’s agents, they just can’t say so on the MLS.

Overall, none of this radically changes how real estate is bought or sold in the US and I’m happy to discuss any of this with you over coffee.

I think the biggest implication is that you should be very thoughtful about who you work with, since you’ll certainly be entering into a written agreement with them!

Just send me a DM!

—Lori Mode, a Sacramento real estate agent.

#narsettlement #realestate #realestatechanges #realtor #californiarealestate #sellingahome #buyingahome

What Does Contingency Mean?

info@modeanddurham.com (Lori Mode) — Fri, 16 Aug 2024 18:00:02 GMT

What Does Contingency Mean?

Wondering what “Contingency” is?

It’s a condition that MUST be met for a real estate deal to go through.

Some common contingencies include:

�� Financing: A Buyer must secure a loan.
�� Inspection: Home must pass a professional inspection.
�� Appraisal: Home must appraise at the agreed price.
And it can include a contingency for the sale of your current home.

Contingencies protect both buyers and sellers, ensuring a fair and secure transaction.

Do you have questions about buying or selling a home? Contact me today for expert advice! ��

#contingency #realestatevocab #realestateagent #elkgroverealestate #buyertips #sellertips #buyingahome #sellingahome

What To Do After You Find THE House?

info@modeanddurham.com (Lori Mode) — Wed, 14 Aug 2024 18:00:00 GMT

What To Do After You Find THE House?

Found Your Dream Home? Here’s What to Do Next ↴

01 – Get Pre-Approved
Ensure your finances are in order and show sellers you’re serious.
02 – Hire a Real Estate Agent (aka me ��)
Get expert guidance through the entire process.
03 – Make an Offer
Craft a competitive offer with your agent’s help.
04 – Complete a Home Inspection
Uncover any hidden issues before committing.
05 – Negotiate Any Repairs
After repairs are agreed upon, you’ll sign a removal of contingencies (ROC) form.
06 – Finalize Financing
Complete your mortgage application and any necessary paperwork
07 – Final Walkthrough
Ensure the home is in the agreed-upon condition before closing.
08 – Close the Deal ��
Sign the paperwork, pay closing costs, and get your keys! ��

Are you ready to make your dream home a reality?

�� Comment “READY” and I’ll message you with next steps ��

#newhome #househunting #realestateagent #elkgroverealestate #sacramentorealestate #buyertips #firsttimehomebuyer

How to Get Multiple Offers in a Slow Market

info@modeanddurham.com (Lori Mode) — Tue, 13 Aug 2024 20:53:48 GMT

How to Get Multiple Offers in a Slow Market

CREATE DEMAND ⬇️

If you want to quickly sell your home for the highest amount…
You need to create demand.
While it may sound counter intuitive, pricing your home slightly below what you believe is market value will help to create the demand.
When buyers perceive a potential “deal”, THATS when they act fast and aggressively.
THATS when they are willing to escalate and offer more. They are willing to overlook imperfections or factors that they don’t love.

What happens when you price your home too high?
Dead in the water. You miss that initial momentum. You make a terrible first impression. Your home sits on the market, making buyers inevitably wonder what might be wrong with it.

Determining the right price requires the expertise of an experienced real estate agent with vast (local) market knowledge.

If you’re planning to sell this year, I’d be happy to sit down for a free consult to discuss what type of pricing strategy would result in the most offers.

Just send me a DM.

—Lori Mode, a Sacramento area real estate agent.

#sacramentorealestate #homeselling #listingagent #selliingmyhome #realtor #elkgroverealestate #sacramentohomes

Summer Moving Tips

info@modeanddurham.com (Lori Mode) — Wed, 07 Aug 2024 22:56:54 GMT

Summer Moving Tips

Planning a summer move?
Moving anytime can be tough but summer moves are also HOT! ��

I’ve got you covered with essential tips and resources to ensure a stress-free transition.

�� Packing Advice: Start early and declutter before you pack.
Use sturdy boxes and label them clearly to stay organized throughout the move.

�� Moving Company Recommendations: Research reputable moving companies in advance and schedule your move date early to secure the best availability.

�� Staying Organized: Create a moving checklist and timeline to keep track of tasks.

And this tip is really valuable - Pack a moving day essentials box with essentials like snacks, toiletries, and important documents. Also, include those essentials you will need for the next morning! ☕

Ready to make your summer move a breeze? >> Comment “MOVE” and I’ll DM you my Ultimate Moving Guide Packet ��

#movingguide #summermove #realestateagent #elkgroverealestate #buyertips #packingadvice #sacramentorealestate

Where Did Home Owners Gain The Most Equity Last Year?

info@modeanddurham.com (Lori Mode) — Wed, 07 Aug 2024 21:17:50 GMT

Where Did Home Owners Gain The Most Equity Last Year?

When did you buy your home & do you have any idea how much equity you have in it? Or how much the value has increased since you bought your home? Tell me in the comments!

These are the average equity gains year over year for Q1 2024… which is a fancy way of saying the average amount homeowners in these states gained in home values.

In California, the average was $69,000.

And if you bought your home prior to 2020, you’ve gained even more. National home prices increased 37.5% from 2019 to 2024.

I’m curious, when did you buy your home and do you have any idea how much the value has increased?

A word of caution — online estimators are pretty unreliable. The best way to determine what your home is worth — and your subsequent potential equity gain — is to have a local real estate agent run comps and give you their expert opinion.

If you’re in Elk Grove, I’d be happy to meet to discuss your specific home. Just comment VALUE and I’ll send you a link so we can pick a time to discuss.

—Lori Mode, an Elk Grove real estate agent

#realestate #homevalue #equitygain #elkgroverealestate #sacramentorealestate #realtor

How To Sell For Top Dollar

info@modeanddurham.com (Lori Mode) — Fri, 26 Jul 2024 21:46:01 GMT

How To Sell Your Home For Top Dollar

Getting top dollar is every seller’s goal, but how do you achieve it?��
Here are some tips…
01 - Price it right!
Attract buyers by pricing competitively, but don't leave money on the table.
Work with an experienced agent (aka me��) for insights.
02 - Quality photos matter! ��
First impressions are key.
Make sure your home stands out online with high-quality photos.
03 - Stage it! Did you know that staging can boost your sale price by up to 5%?
You’ll attract more buyers, and reduce time on the market by 90%.
Selling your home is a big decision. Maximize profit and create a positive experience.
��Comment “GUIDE” and I’ll DM you my free Seller Guide with steps to a successful sale ��

#sellingyourhome #realestate #staging #elkgroverealestate #sacramentorealestate #listingagent

Things to Avoid When DIY Home Staging

info@modeanddurham.com (Lori Mode) — Fri, 19 Jul 2024 19:45:00 GMT

Things to Avoid When DIY Home Staging

Here are some home staging don’ts ��

Ensure your home shines for potential buyers by avoiding these common mistakes:

❌ Don’t Over-Personalization: Keep it neutral for broad appeal
❌ Don’t Have Clutter: Less is more; clear out unnecessary items
❌ Don’t Have Poor Lighting: Brighten up spaces with proper lighting
❌ Don’t Ignore Curb Appeal: First impressions matter; spruce up the exterior
❌ Don’t Neglect Repairs: Fix minor issues to avoid turning off buyers

Remember, the goal of staging is to HIGHLIGHT your home’s BEST features while allowing potential buyers to envision themselves living there. And if you need more suggestions or help with staging, decluttering or depersonalizing, reach out to me! I'm here to help.

Stage smart and sell fast!

#homestaging #staging #realestateagent #sacramentorealestate #sellertips #SellingYourHome

4 Down Payment Myths

info@modeanddurham.com (Lori Mode) — Thu, 18 Jul 2024 19:33:04 GMT

4 Down Payment Myths

First time home buyer? Confused about all the misinformation?
Here are 4️⃣ home downpayment myths…

�� Myth ① – You need 20% down.
Reality: Many lenders accept as little as 3-5% down.

�� 2. Myth ② – Downpayment is the only upfront cost.
Reality: Don’t forget closing costs, inspections, and other fees!

�� 3. Myth ③ – Larger downpayments are always better.
Reality: While it can lower monthly payments, it’s essential to keep some savings for emergencies.

�� 4. Myth ④ – Only first-time home buyers get help.
Reality: Various programs are available for different buyers. ��

There is a lot of misinformation out there!
If you’re interested in buying a home, �� comment “GUIDE” and I’ll send you my free home buyers guide ��

#homebuyingmyths #buyersagent #realestateagent #buyingahome #elkgroverealestate #sacramentorealestate #firsttimehomebuyer

Top Tips For Buying A Home This Summer

info@modeanddurham.com (Lori Mode) — Fri, 28 Jun 2024 18:00:00 GMT

This is a subtitle for your new post

Top Tips for Buying a Home This Summer

The Summer Solstice is here, marking the longest day of the year and the official start of summer. As the days get warmer and longer, the real estate market heats up too. If you're considering buying a home this summer, now is the perfect time to get started. To help you navigate the bustling summer market, here are my top tips for buying a home this season:

1. Start Early

Summer is a popular time for home buying, and properties can move quickly. To get ahead of the competition, start your home search early. Begin by researching neighborhoods, attending open houses, and getting a feel for the market. The earlier you start, the better your chances of finding a home that meets your needs and preferences.

2. Be Prepared for Competition

With many buyers looking to move during the summer, competition can be fierce. Be ready to act fast when you find a home you love. This means having your finances in order, being pre-approved for a mortgage, and being prepared to make a strong offer. In a competitive market, hesitation can mean missing out on your dream home.

3. Know Your Budget

Before you start house hunting, it's crucial to have a clear understanding of your budget. Determine how much you can afford to spend on a home, taking into account not just the purchase price but also closing costs, property taxes, and ongoing maintenance expenses. Stick to your budget to avoid overextending yourself financially.

4. Get a Home Inspection

Once you find a home you're interested in, don't skip the home inspection. A professional inspection can uncover potential issues with the property that may not be visible during a regular viewing. This step is essential to ensure you're making a sound investment and can save you from costly surprises down the road.

5. Work with a Real Estate Agent

A knowledgeable real estate agent can be an invaluable asset in the home buying process. They can help you find properties that meet your criteria, negotiate on your behalf, and guide you through the complexities of buying a home. Choose an agent with experience in your desired area and a track record of success to ensure you have the best possible support.

Make the Most of the Summer Home Buying Season

By following these tips, you can navigate the summer home buying season with confidence and find the perfect property for your needs. Remember to start early, be prepared for competition, know your budget, get a home inspection, and work with a real estate agent to make the process smoother and more successful.

If you’re thinking about buying a home this summer, the time to start is now! With preparation and the right strategy, you can turn your homeownership dreams into reality. Happy house hunting and happy Summer Solstice!

Benefits of Downsizing to a Smaller Home

info@modeanddurham.com (Lori Mode) — Thu, 27 Jun 2024 17:40:47 GMT

Benefits of Downsizing to a Smaller Home

Thinking About Downsizing? Here Are Some Benefits to Consider

Is your current home feeling too large? Have the kids flown the nest, leaving you with empty rooms and extra space? Downsizing might be the perfect solution for you. Here are some compelling benefits to consider when thinking about making the move to a smaller, more manageable home:

1. Reduced Utility Bills

One of the most immediate and noticeable benefits of downsizing is the reduction in utility bills. Larger homes typically require more energy to heat and cool, leading to higher electricity and gas bills. By moving to a smaller home, you can significantly cut down on these expenses. Less space to light, heat, and cool translates into direct savings on your monthly bills, leaving more money in your pocket for other priorities or activities you enjoy.

2. Simplified Living

A smaller home means less space to fill with furniture, decorations, and other belongings. This can lead to a more simplified, clutter-free lifestyle. With fewer rooms to clean and maintain, you'll find yourself with more free time to enjoy hobbies, travel, or simply relax. Downsizing encourages you to prioritize what truly matters and let go of unnecessary possessions, fostering a sense of calm and order in your daily life.

3. Typically Lower Mortgage and Property Taxes

Another financial benefit of downsizing is the potential for a lower mortgage payment and reduced property taxes. Smaller homes often come with a smaller price tag, which can lead to lower monthly mortgage payments. Additionally, property taxes are generally based on the value of your home, so a less expensive property can mean a decrease in this annual expense. These savings can add up, providing you with greater financial flexibility and security.

4. Easier Upkeep

Maintaining a large home can be time-consuming and physically demanding. From mowing the lawn to cleaning multiple bathrooms, the upkeep of a big house can take a toll. Downsizing to a smaller home means less maintenance, fewer repairs, and overall easier upkeep. This can be especially beneficial as you age, making it easier to keep your home in good condition without the need for extensive help or expensive services.

Final Thoughts

Downsizing is a big decision, but the benefits can be significant. Reduced utility bills, simplified living, lower mortgage payments, and easier upkeep are just a few of the advantages that can make this transition worthwhile. If your current home no longer fits your needs or lifestyle, consider the potential positives of moving to a smaller space. It could lead to a more comfortable, financially secure, and enjoyable living situation.

Are you considering downsizing? What benefits are you most looking forward to? Share your thoughts in the comments below!

#downsize #realestateagent #downsizingguide #sacramentorealestate #emptynesters #simplfyyourlife

Should I Live In A Community With An HOA?

info@modeanddurham.com (Lori Mode) — Wed, 26 Jun 2024 18:00:01 GMT

Should I Live In A Community With An HOA?

Thinking about living in an HOA community?

Let’s explore the pros and cons ��

PROS ��

01 – Amenities: Some HOA communities offer perks like pools, gyms, parks, and more, boosting your lifestyle without personal upkeep.

02 – Maintenance: Some HOAs handle exterior tasks like landscaping and snow removal, saving you time.

03 – Community Cohesion: Enjoy organized events and shared spaces, fostering neighborly bonds.

04 – Property Value: HOAs maintain a uniform look, safeguarding property values.

CONS ��

01 – Fees: Monthly or annual fees cover maintenance and amenities, varying in cost.

02 – Rules and Regulations: HOAs enforce strict guidelines on property modifications and aesthetics.

03 – Limited Autonomy: Homeowners may feel restricted in personalizing their properties.

04 – Conflict Resolution: Disputes with the HOA or neighbors can be time-consuming to resolve.

Ultimately, whether living in an HOA community is right for you depends on your lifestyle preferences, budget, and tolerance for rules and regulations.

If you’re considering moving into an HOA community, please reach out and we can discuss it in detail �� And if you would like a list of great HOA communities in our area, let me know...I'm happy to send them to you.

#hoacommunity #prosandcons #realestateagent #elkgroverealestate #sacramentorealestate #buyingahome

4 Reasons To Use An Agent With New Construction

info@modeanddurham.com (Lori Mode) — Mon, 24 Jun 2024 18:00:00 GMT

4 Reasons To Use An Agent With New Construction

Here are 4 ways that I can help during the new construction process ��

01 – Expert Guidance: I have experience navigating the new construction process and can guide you through each step, from contract negotiation to selecting upgrades.

02 – Negotiation Power: I can negotiate on your behalf to secure the best price, incentives, and terms with the builder, potentially saving you money and getting more value for your investment.

03 – Builder Reputation: I have insights into reputable builders and can help you choose a trusted builder with a history of quality construction and customer satisfaction.

04 – Advocacy and Support: I work for you and will advocate for your best interests throughout the entire transaction, ensuring a smooth and successful home buying experience.

If you’re thinking about purchasing new construction, �� comment “BUILD” and I’ll send you my complimentary New Construction Packet with steps to buying new construction ��

#newbuild #newconstruction #localexpert #buyingahome #firsttimehomebuyer #elkgroverealestate #sacramentorealestate #realtor

What’s the difference between an appraisal and an inspection?

info@modeanddurham.com (Lori Mode) — Wed, 19 Jun 2024 18:00:00 GMT

What’s the difference between an appraisal and an inspection?

What’s the difference between an appraisal vs. an inspection? ��

⚠️ They are both crucial steps in the home buying process to ensure you’re making a wise investment and they truly are very different.

→ An appraisal is an assessment done by a licensed appraiser to determine the fair market value of a property.

This helps lenders ensure that the property’s value supports the loan amount as the lender will only loan based on the appraisal amount (not your offer price)��

→ An inspection is a thorough examination of a property’s condition, typically conducted by a certified home inspector or a licensed contractor.

It identifies any potential issues or repairs needed, helping buyers make informed decisions ��

It’s important to understand the difference and how they both benefit you. If you have any real estate questions, please don’t hesitate to reach out! ��

#appraisalvsinspection #realestatevocab #localrealestateexpert #realtor #elkgroverealestate #appraisedvalue #homeinspection #sacramentorealestate

5 Benefits To Owning Your Own Home

info@modeanddurham.com (Lori Mode) — Mon, 17 Jun 2024 18:50:57 GMT

5 Benefits To Owning Your Own Home

Here are �� amazing benefits of owning your own home…

01 – Building Equity ��

One of the most significant advantages of owning a home is the ability to build equity over time. Equity represents the portion of your home that you truly own, calculated as the difference between the market value of your home and the amount you still owe on your mortgage. As you make mortgage payments, a portion of each payment reduces your loan balance, thus increasing your equity. Additionally, if the value of your home appreciates over time, your equity grows even more. Building equity can be a powerful financial asset, providing you with the means to fund major expenses, invest in other opportunities, or enhance your retirement savings.

02 – Stable Housing Costs ��

Unlike renting, where rent prices can increase annually, owning a home typically offers more stable housing costs. With a fixed-rate mortgage, your principal and interest payments remain constant throughout the life of the loan, providing a predictable monthly expense. This stability can make it easier to budget and plan for the future. Even if property taxes or homeowner's insurance costs fluctuate, these changes are often more manageable compared to potential rent hikes. Stable housing costs can give you peace of mind, allowing you to focus on other financial goals without the worry of unexpected increases in your monthly housing expense.

03 – Freedom to Personalize ��

Owning your home means you have the freedom to personalize it to your liking. Whether you want to paint the walls your favorite color, renovate the kitchen, plant a garden, or add new features, you have the creative control to make your space truly your own. This personalization not only enhances your comfort and enjoyment but can also increase the value of your home. Home improvements and upgrades can make your living environment more functional and aesthetically pleasing, reflecting your personal style and preferences. The ability to customize your home is a unique and rewarding aspect of homeownership.

04 – Potential Tax Benefits ��

Homeownership can come with several potential tax benefits that can save you money. One of the most notable is the ability to deduct mortgage interest on your federal income tax return, which can result in significant savings, especially in the early years of your mortgage when interest payments are highest. You may also be able to deduct property taxes and certain home-related expenses. These tax benefits can lower your overall tax liability and make homeownership more affordable. It's important to consult with a tax professional to understand and maximize the tax advantages available to you as a homeowner.

05 – Sense of Community & Roots ��

Owning a home often leads to a stronger sense of community and deeper roots in your neighborhood. Homeowners tend to stay in their homes longer than renters, fostering lasting relationships with neighbors and becoming more involved in local activities and organizations. This sense of community can enhance your quality of life, providing a support network and a feeling of belonging. Establishing roots in a community can also offer stability and security for your family, creating a comfortable environment to raise children and build memories. Homeownership can transform a house into a home, where you feel connected and invested in the well-being of your surroundings.

If you’re ready for home ownership, comment “GUIDE” and I’ll send you my step-by-step guide to the home buying process ��

Warm Weather Decor Ideas

info@modeanddurham.com (Lori Mode) — Tue, 11 Jun 2024 21:55:23 GMT

Warm Weather Decor Ideas

As the weather gets warmer, I know I want to change up my decor!

Here are some ideas to help you create a sunny, cheerful atmosphere ☀️

✔️ Swap out heavy curtains and drapes for lightweight, sheer fabrics like chiffon or linen.
This allows more natural light to filter in and creates a breezy feel.

✔️ Infuse your space with vibrant, cheerful colors reminiscent of summer.
Add shades of yellow, orange, turquoise, or coral into your decor through accent pillows, rugs, artwork, or decorative accessories ��

✔️ Incorporating natural elements like plants, flowers, and botanical prints brings the outdoors in!

And this time of year,, I love to add fresh flowers in colorful vases or potted plants to instantly liven up any room ��

Enjoy the beauty of the season from the comfort of your home.

Do you have any more home decor tips? Let me know ��

#summerdecor #homedecorating #realestateagent #decorideas #elkgroverealestate

What Buyers Want in 2024

info@modeanddurham.com (Lori Mode) — Fri, 24 May 2024 19:00:00 GMT

What Buyers Really Want in 2024

Here's the breakdown of what buyers really want in their new homes in 2024.

1. Outdoor living space - for entertaining family and friends or just relaxing after a long week.
2. Smaller home with a more personalized floor plan. Bigger isn't always better. Homeowners are wanting, smaller square footage but more customize floorplans to be customized to their own needs.
3. Flex space/multipurpose space. Goodbye the living room hello to an ongoing trend of working from home, which requires more flexibility space
4. Smart home capabilities including voice control, lighting, smart, thermostats, and security systems you can monitor from anywhere.
5. Storage. Plenty of closet space is so important along with plenty of kitchen cabinets. Everyone wants enough space for all their stuff.

Tell me what's on your Home wish list!

#buyingahome #homewishlist #sacramentohomes #realtor #buyingtips #elkgrovehomes

My Top Ten Outdoor Living Ideas

info@modeanddurham.com (Lori Mode) — Thu, 23 May 2024 18:00:00 GMT

My Top Ten Outdoor Living Ideas

Let’s spend more time outside this season! ☀️

Here are 10 outdoor living ideas ��

01 – Create a cozy lounge area with comfortable seating and plenty of cushions.
02 – Set up a dining space with a table, chairs, and a grill for outdoor meals and barbecues ��
03 – Install string lights or lanterns to create a warm and inviting atmosphere in the evenings ✨
04 – Incorporate plants, flowers, and potted herbs to add greenery and fragrance to your outdoor space ��
05 – Add an umbrella or canopy for shade during the hottest parts of the day ⛱
06 – Set up a hammock or hanging chair for relaxing and enjoying the breeze.
07 – Consider adding a fire pit or outdoor fireplace for cozy gatherings on cooler nights ��
08 – Incorporate water features like a fountain or small pond to create a tranquil ambiance ��
09 – Create a designated play area for kids with toys, games, and maybe even a small sandbox.
10 – Don’t forget about entertainment! ��
Set up an outdoor movie screen or speakers for music to enhance your outdoor experience.

I hope these ideas inspired you!

Share or tag someone you think would enjoy this post ��

#outdoorliving #decorideas #realestateagent #californiarealestate #springoutdoors

Should You Buy A Foreclosure?

info@modeanddurham.com (Lori Mode) — Wed, 22 May 2024 18:00:00 GMT

Should You Buy A Foreclosure?

Are you wondering if you should buy a foreclosure?
So many buyers call me thinking that a foreclosure is the way to buy an affordable home, but there is a lot to consider. The first thing is that foreclosures really are less than 2% of our current market! So very, very limited inventory.

Here are some pros and cons to consider:

��
01 – Potential for a lower purchase price.
02 – Opportunity for investment and profit.
03 – Flexible financing options.
04 – Room for renovation and personalization.

��
01 – Possible property condition issues.
02 – Limited inspection opportunities.
03 – Lengthy purchase process.
04 – Risk of hidden liens or title issues.
05 – Competition and bidding wars.

Whatever your decide…it’s important to do your research, consult with experts, and consider your financial situation before taking the plunge.

If you’ve been considering a foreclosure and want to discuss more, let’s connect! ��

#foreclosure #prosandcons #realestateagent #distressedproperty #realestate #buyingahome #firstttimehomebuyer #elkgroverealestate #sacramentorealestate

How To Prep For A Home Inspection

info@modeanddurham.com (Lori Mode) — Tue, 21 May 2024 17:38:40 GMT

How To Prep For A Home Inspection

Are you getting ready for a home inspection?
It’s a crucial step in the home buying or selling process.

You can help the inspector out by doing the following:
☑️ Make sure if you have a padlock on the electrical box, unlock it.
☑️ Make sure side gates are unlocked.
☑️ Make sure it Is easy to get into the attic access.
☑️ Make sure if you have a crawl space, it's easy to access also.

→ What to Expect:

During the inspection, a qualified home inspector will thoroughly examine:
☑️ The exterior, interior, roof, foundation, plumbing, electrical, HVAC, and appliances.

Additionally, the inspector will be on the lookout for any safety hazards or code violations.

⏰ Typically, a home inspection lasts between two and four hours.
Following the inspection, you can expect to receive a comprehensive home inspection report within a few days.
�� This report will include a summary of the inspector’s findings along with any recommendations for repairs.

�� If you or someone you know are thinking about buying or selling ��, please message me!

I’d love to help you with the next chapter of your life.

#homeinspection #buyersagent #listingagent #sellertips #realestate #sellingahome #sacramentorealestate #elkgroverealestate

What Happens If My Home Doesn't Sell?

info@modeanddurham.com (Lori Mode) — Fri, 17 May 2024 18:00:00 GMT

What Happens If My Home Doesn't Sell?

First, take a breath. It will be okay!

�� You can reassess your marketing strategy
�� Also, consider adjusting the price
It’s important to work with your real estate agent to address any potential issues.
�� Remember, the right buyer is out there, and with patience and perseverance, you’ll find them.

Stay positive and keep working towards your goal of selling your home!

If you are considering selling, �� comment “GUIDE” and I’ll send you my home selling packet with all the details ��

#realestate #sellertips #sellingahone #listingagent #elkgroverealestate # #sacramentorealestate #realtor

What Documents Do I Need To Get Pre-Approved?

info@modeanddurham.com (Lori Mode) — Thu, 16 May 2024 19:36:59 GMT

What Documents Do I Need To Get Pre-Approved?

Set yourself up for home buying success! ��
�� When you get pre-approved for a home loan, here are the documents that you will most likely need:

✔️ Driver’s License & SSN
✔️ One – Three Months of Paystubs
✔️ Two Years of W-2’s and/or Tax Returns
✔️ P&L (if self-employed)
✔️ Two Months of Bank Statements

**Please note: more documents may be needed depending on your lender.
→ If you need some lender recommendations, please reach out and I can send you some!
Also, if you’re meeting with a lender, �� comment “QUESTIONS” below and I’ll send you my top questions to ask them.

#mortgagelender #mortgageloan #realestateagent #realestate #buyertips #elkgroverealestate #sacramentorealestate #buyingahome

Ways to Fall In Love With Your Home Again

info@modeanddurham.com (Lori Mode) — Mon, 29 Apr 2024 21:08:43 GMT

Ways To Fall In Love With Your Home Again

It is possible! Have you ever seen that show, love it or list it? Almost every time the family decides to LOVE IT! Granted, they got a remodel out of it, but I think you can achieve the same affect by doing some small things to your home today!

I'd say the biggest thing you can do first is a deep clean and de-clutter, it's amazing how many sellers are shocked how good their home can look when they get it photo-ready!

Here are some things to do so you can enjoy your home again.

✔️ Declutter and organize your every day spaces first
✔️ Paint a room or two a fresh color
✔️ Rearrange furniture one room at a time and enjoy them again
✔️ Upgrade accents and decor with items you love
✔️ Share your home with loved ones

�� Remember that falling in love with your home again is a personal journey, and what works for one person may not work for another.

Take the time to reflect on what aspects of your home are important to you and what made you fall in love with it in the first place!

I want to know…what is one thing that you LOVE about your home Comment below��

What is Earnest Money?

info@modeanddurham.com (Lori Mode) — Mon, 22 Apr 2024 19:00:00 GMT

What is Earnest Money?

Have you ever heard of “Earnest Money” before? ��

�� It’s essentially a good faith deposit that is provided by a buyer to a seller as a demonstration of their seriousness and commitment to purchasing a property.

I tend to think of it as something like an engagement ring. ��

→ If you’re getting married, and you want your partner to know that you’re serious, you give them a ring.

When you’re serious about purchasing a house, you give the seller an earnest money deposit.

�� The amount of earnest money can vary and is typically a percentage of the purchase price, often ranging from 1% to 3% of the total. The specific amount is negotiable between the buyer and seller.

�� Earnest money or your initial deposit is typically held in an escrow account managed by a neutral third party, such as a real estate brokerage or a title company and serves as a form of protection for both the buyer and seller.

�� In most cases, the earnest money is applied towards the buyer’s down payment or closing costs at the time of closing the transaction. It is credited as part of the purchase price.

�� If you’re thinking about buying a home and want to know more details, comment “GUIDE” and I’ll send you my 2024 FREE Home Buyers Guide ��

What to do NOW to Buy A Home in Summer

info@modeanddurham.com (Lori Mode) — Thu, 18 Apr 2024 18:00:00 GMT

What to do NOW to Buy A Home in Summer

If you’re thinking about buying a home and don’t know where to start…

�� Here are the first 3 crucial steps:

01 – Determine your why

>> Why do you want to move? What are you looking for? What is your wants vs needs list.

02 – Find an Agent

>> Your real estate agent can help guide you on all the steps necessary for the home buying process. They can even help with step 3, recommending local lenders.

03 – Find a Lender

>> It’s important to get pre-approved for a mortgage so you know how much your budget is.

These initial steps lay the foundation for a successful home-buying process.

If you want my complete home buying guide, �� comment “GUIDE” and I’ll message you ��

#homebuyingprocess #buyersagent #realestateagent #sacramentorealestate #realestate #buyingahome #firsttimehomebuyer #buyersguide

What Major Things Should You Look For When House Hunting?

info@modeanddurham.com (Lori Mode) — Tue, 16 Apr 2024 18:18:21 GMT

What Major Things Should You Look For When House Hunting?

What are the major things to look for when house hunting? ��

��, ��, ��!��

Look for proximity to amenities like schools, shopping centers, parks, and public transportation.

Think about your daily needs and lifestyle preferences to determine if the location aligns with your requirements.

�� “��” ��

Assess the structural integrity of the property.

Look for signs of water damage, cracks in the foundation or walls, uneven floors, or sagging ceilings.

��

Evaluate if the number of bedrooms, bathrooms, and living spaces meet your current and future needs.

��

While it may not be your immediate concern, it’s wise to consider the potential resale value of the property.

When we tour houses, I’ll be looking out for these things as well so we can discuss.

�� If you’re thinking about buying a home now or in the future, comment “GUIDE” and I’ll send you my complimentary home buyers guide ��

Can I Still Get A Deal In Real Estate?

info@modeanddurham.com (Lori Mode) — Thu, 04 Apr 2024 19:53:28 GMT

Can I Still Get A Deal In Real Estate?

HOME PRICES STRESSING YOU OUT?

I get it… between the home prices, lack of homes on the market and interest rates, a lot of buyers have been feeling the pain.

Believe it or not, you can still score a deal on real estate in Elk Grove if you’re strategic.

Here are a few ways:

01. Buy in an “up and coming” neighborhood

Some of my favorite neighborhoods for those looking for a “deal” or considering an investment in Elk Grove are:

— Laguna Vista
— Walnut Orchard
— Laguna Park

02. Look for properties that have been sitting for a while

This is a great opportunity to make an offer without a lot of competition or fear of a bidding war. (You can sometimes even come in below list price if the seller is motivated enough).

These are just two strategies we can consider together. Comment DEAL if you want me to send over a list of some great opportunities in Elk Grove.

And please share this with a friend who is looking to buy in Elk Grove!

- Lori Mode, an Elk Grove real estate agent.

#findahomeinelkgrove #moderegroup #lorimode #themoderealestategroup #elkgroverealestate #eghomevalue

Should You Purchase A Fixer-Upper?

info@modeanddurham.com (Lori Mode) — Thu, 04 Apr 2024 19:40:30 GMT

Should You Purchase A Fixer-Upper?

Thinking of buying a fixer-upper? ��

It can be a rewarding investment, but it also comes with its own set of challenges.

Here are some pros and cons to consider ↓↓↓

PROS ��

01 – Potential Cost Savings: Fixer-uppers are often priced lower than move-in-ready homes, providing an opportunity for cost savings.

02 – Customization: You have the flexibility to renovate and design the home according to your preferences and needs

03 – Equity Building: Improvements made to a fixer-upper can increase its overall value, allowing you to build equity over time.

CONS ��

01 – Unforeseen Costs: Renovation projects often come with unforeseen expenses, and initial estimates may not capture the full scope of work.

02 – Time-Consuming: Renovations take time, and living in a construction zone can be inconvenient. It’s important to consider the time commitment and potential delays.

03 – Stress and Challenges: Dealing with contractors, managing renovations, and addressing unexpected issues can be stressful and challenging.

�� It’s important to weigh the pros and cons before diving into a project of this magnitude. But you know the saying… no risk, no reward!

If you’re considering purchasing a fixer-upper but don’t know where to start, let’s chat! ��

We have a Sacramento fixer upper coming on the market this month! It's a 3 bedroom, 2 bathroom, in need of TLC. If you think you might be interested, comment FIXER UPPER and I'll send you the info!

#fixerupper #prosandcons #realestateagent #buildingequity #sacramentorealestate #gettingadeal #sacramentohomes

Can I Qualify For A Home Loan With Student Loan Debt?

info@modeanddurham.com (Lori Mode) — Mon, 01 Apr 2024 18:49:16 GMT

Can I Qualify For A Home Loan With Student Loan Debt?

If you have student loans and are looking to purchase a home…. this post is for you��
Here are some tips on how to secure a loan if you have student debt.
01 – Manage your Other Debts
Try paying down any other debt you have. Lenders look at your debt-to-income ratio.

02 – Save for a Larger Down Payment
Increasing your down payment can demonstrate financial stability and reduce the loan amount, making you a more attractive borrower.

03 – Consider Co-signers or Joint Applications
If possible, explore the option of having a co-signer with a strong financial profile. This can strengthen your loan application.

�� If you’re thinking of purchasing a home but not sure if you will qualify for a loan – it’s important to speak with a mortgage lender.

�� Comment “QUESTIONS” and I’ll send you my top questions to ask your lender

#studentloans #mortgageloan #realestateagent #sacramentorealestate #firsttimehomebuyers #elkgroverealestate #studentdebt

My Proven Pricing Strategy

info@modeanddurham.com (Lori Mode) — Fri, 29 Mar 2024 18:15:00 GMT

My Proven Pricing Strategy

I’ve been selling homes for 35 years, and this strategy always works.
Alright, here’s the strategy.

First, I use market data to determine what your house is worth.
As a process, it’s a science and an art. And I’ll go ahead and tell you now, online estimators simply aren’t able to do that.
Once I determine the market value of your home (aka the ball park it should sell in), then I determine what price we should list at.
Yes, they are different.

Pricing your home right on the mark of what it’s worth can actually result in longer days on market and a lower sales price.
What? Sounds counterintuitive right?
Instead of doing that, you want to price it JUST UNDER what it’s actually worth.
This will create more demand and…more offers.

When you receive more offers, an experienced real estate agent (me) can work on your behalf to create the elusive “bidding war” every seller desires.

If you’re looking to sell your home, let’s talk about how this strategy would translate to your home.
DM me or call me at 916.230.0371.
Don’t forget to FOLLOW for more Sacramento real estate tips like these.

#realestate #sellinghomes #homevalue #elkgroverealtor #sacramentorealestate #listingagent

Different Types Of Home Loans

info@modeanddurham.com (Lori Mode) — Thu, 28 Mar 2024 18:29:32 GMT

Different Types Of Home Loans

There’s many different loan options….
Here are some of the common ones ��

01 – �� : These are standard mortgage loans not insured or guaranteed by the government. They typically require a down payment of 3% to 20% of the home’s purchase price.

02 – �� : Insured by the Federal Housing Administration, these loans help borrowers with low down payments and lower credit scores.

03 – �� : Available to eligible veterans and military personnel, VA loans offer favorable terms, including no down payment and flexible qualification criteria.

04 – �� : These loans, offered by the U.S. Department of Agriculture, are designed for borrowers in rural areas and offer low or no down payment options.

�� Remember that this is just a brief overview, and each type of mortgage loan has its own intricacies and eligibility requirements.

If you are getting ready to speak with a mortgage lender, �� comment “QUESTIONS” and I’ll send you my list of important questions to ask ↓

#mortgageloan #loanoptions #realestateagent #FirstTimeHomeBuyers #realestate #sacramentorealestate #elkgroverealestate #fhaloan

Is It Time To Downsize?

info@modeanddurham.com (Lori Mode) — Thu, 21 Mar 2024 21:30:08 GMT

Is It Time To Downsize?

Thinking about downsizing but not sure? ��

Take the quiz ↴

01 – Are you looking to have less space to manage?

02 – Do you want to reduce costs and save some money?

03 – Do you want to simplify your lifestyle?

If you’ve answered yes to the questions, maybe it’s time to consider downsizing!

�� Comment, “GUIDE” and I’ll send you my comprehensive guide to downsizing ��
And if you just don't know where to start, send me a DM or give me a call. We will develop your plan together!

#downsizing #takethequiz #realestateagent #retirement #emptynester #sacramentorealestate #elkgroverealestate #buyingandsellinghomes

5 Signs It's Time To Sell

info@modeanddurham.com (Lori Mode) — Mon, 18 Mar 2024 17:49:18 GMT

5 Signs It's Time To Sell

If you’re considering selling but not quite sure, here are 5 signs that might indicate it’s time to take that next step ��

➡ If your current home doesn’t quite match your lifestyle anymore, it might be a sign to consider selling. Maybe your family is growing, or you’re now an empty-nester looking for something cozier.
➡ Do you often find yourself bumping into furniture or wishing for more storage? If your home is starting to feel a little cramped, that’s a signal it could be time to move on to a bigger place where you can stretch out and breathe freely.
➡ If you’re looking to downsize and free up some money for other goals, like travel, investments, or starting a business, selling might be a smart move to help you achieve those dreams.
➡ Are you feeling the itch to live in a different neighborhood, city, or even country? If you’re daydreaming about a new place that matches your vibe better, it could be a wonderful time to explore selling your current home and making that change.
➡ If you’re spending more time and money on maintenance and repairs than you’d like, it might be a sign that a new, low-maintenance home could make your life easier and more enjoyable.

Trust your instincts and consider what will make you happiest and most comfortable! If you’re feeling unsure, talking to a trusted real estate professional (aka me ��) can provide you with insights and help you make a decision that’s right for you.

#listingagent #realestateagent #realtor #sellingahome #sacramentorealestate #elkgroverealestate #sellertips #Downsizing

A Staged Home Sells Three Times Faster

info@modeanddurham.com (Lori Mode) — Fri, 15 Mar 2024 18:52:15 GMT

A Staged Home Sells Three Times Faster

Research has shown…

That a staged home sells 3 times faster than a non-staged home!
– and 70% of real estate agents stated that home staging increased the offer value on a house by up to 10%.��

First impressions are everything and staging can significantly enhance your home’s appeal and make it more attractive to potential buyers.

Here are my �� staging tips…

01 – Depersonalize and declutter
02 – Clean, clean, and then clean again. ��
03 – Use a light neutral color palette + add pops of color
04 – Use real plants and flowers throughout the home ��
05 – Don’t forget about the front yard! That’s the first thing they’ll see when they pull up.

Remember, the goal of staging is to create a welcoming and neutral environment that allows potential buyers to envision themselves living in the space.

If you want to learn more about my listing plan – comment “GUIDE” and I’ll send you my 2024 Seller’s Guide Packet ��

#stagingtips #homestaging #realestateagent #sacramentorealestate #sellingyourhome #sellertips #realtor #ElkGroveRealEstate

March Is A Great Time To Buy A Home

info@modeanddurham.com (Lori Mode) — Thu, 07 Mar 2024 21:04:17 GMT

March Is The Best Time To Buy A Home

March is the ideal month to start home shopping.

Here’s why ��

�� Spring is coming, which is typically the busiest time in real estate. If you start to look now, you’ll get a head start!

☀️ As the weather improves, typically more people start listing their homes and you’ll have more inventory to choose from.

�� Homes tend to look more attractive due to the curb appeal, blooming flowers, and greener landscapes.

�� Sellers listing their homes in March may be motivated to make a deal, especially if they’ve been waiting through the slower winter months.

�� School planning and consideration is a big reason why it might be a good idea to start looking now.

Starting the home-buying process in March allows for a closing date that aligns with the end of the school year.

If you’re considering a move, whether it’s in the immediate or distant future, �� comment with “GUIDE,” and I’ll send you my complimentary 2024 Home Buyers Guide.

It’s a comprehensive guide that will walk you through the home buying process. ��

#buyersagent #springhousehunting #realestateagent #elkgroverealestate #sacramentorealestate #housegoals #buyingahome #realestate #realestatetips

Can I Afford To Purchase A Home?

info@modeanddurham.com (Lori Mode) — Fri, 01 Mar 2024 18:48:51 GMT

Can I Afford To Purchase A Home?

Wondering if you should stop renting and purchase a home of your own?
Here are some questions to consider ↓↓↓

01 – Do you have financial stability?

02 – Are your long-term plans to stay in the area?

03 – What’s the market like?

04 – Do you have enough for a downpayment and other monthly costs?

05 – Do you have a good credit score?

�� Remember, the decision depends on your personal and financial circumstances.
If you are currently renting and wondering if home ownership is a possibility for you – let’s chat!
If you’re not where you need to be now, we’ll set a plan and set you up for success in the future. ��
It’s worth a conversation! If you’re currently renting and want to buy, comment “HOME” below and I’ll contact you with next steps ��

#rentvsbuy #homeownership #buyersagent #buyingahome #homebuyer #realestate #homebuyertips #househunting #sacramentorealestate #elkgroverealestate #homesweethome #firsttimehomebuyer

How Much Equity Do I Have?

info@modeanddurham.com (Lori Mode) — Fri, 01 Mar 2024 18:48:37 GMT

How Do You Know How Much Equity You Have?

EQUITY = LEVERAGE
Leverage for what?
Your next home or real estate investment.
How do you know how much equity you have in your home?
It’s simple:
Current value of your home

MINUS

Current loan balance

EQUALS

Home equity

And how do you know what your home is currently worth?
Hint: online estimators that start with Zillow won’t give you a full picture.

The best way to determine the current value of your home is to compare recent sales, current market trends and weigh the specifics of your home.

Only a local real estate expert can advise you on the current value of your home and an effective pricing strategy that will get you the most for your home if you sell.

If you’d like to better understand what your home may sell for — and what homes your current equity could help you upgrade into — let’s set up a time to talk.

Just shoot me a DM and we can have a no pressure, private conversation.

Info@ModeREGroup.com or 916-230-0371 to text

#realestate #homeequity #homevalue #sacramentorealestste #elkgroverealestste #realtor #homebuyers

How To Win A Bidding War in Real Estate

info@modeanddurham.com (Lori Mode) — Wed, 21 Feb 2024 18:52:58 GMT

How To Win A Bidding War In Real Estate

Want to know a secret?
It’s not always about price....
Whether I'm on the buyer side or the sales side, there’s one thing for sure… price is not the only factor we consider when writing or reviewing an offer.
While many sellers are concerned with getting the highest price on their home, sometimes there are other circumstances or motivations that will take priority over a negligible difference in price.
For example, some sellers have a specific timeline they must adhere to…
If they need to close quickly so that their proceeds can be applied to their next purchase, they may value an earlier closing date.
If they need more time to find their next home, they may value a rent back period over a slightly higher offer price.
Who you use for your loan, can make a difference also. The power of a local lender combined with a local agent can be powerful.
It all depends on the specific circumstances of the seller and the only way to know what’s motivating them is for your real estate agent to do the extra, thoughtful work of finding out.
This can make all the difference in multiple offer situations — which are only going to continue to increase as we head in the spring.

So, if you’re planning to buy anytime soon, it’s time to find an agent who can help you prepare and represent you well in this market that is heating up.
DM me to set up a time to talk.
Be sure to follow me for all things real estate in SACRAMENTO.

#realestate #realtor #homebuying #realestatemarket #multipleoffers #sacramentorealestate #sacramentohomesforsale #elkgroverealestate #homebuyingtips #firsttimehomebuyers

If you want to move this summer, start planning NOW!

info@modeanddurham.com (Lori Mode) — Fri, 16 Feb 2024 19:37:49 GMT

If you want to move in the summer, start planning NOW!

Did you know that it typically takes about 3 months to move?

→ Of course the timeline for buying or selling a home can vary based on several factors but that’s a general estimate.

If you’re thinking about moving in the summer – a good time to start preparing is now!

It typically takes a few weeks to prepare your home (or to search for a suitable home if you’re a buyer).

Offer and Negotiations can take a few days.

Inspections and Appraisals can take 2-4 weeks.

Closing takes approximately 30 days.

These are just general timelines but it’s important to know the process and be prepared!

If you’re thinking about buying or selling – comment “GUIDE” and I’ll send you my 2024 home buyer or home seller guide so you can start preparing

#homebuyingprocess #homesellingprocess #realestateagent #sacramentorealestate #elkgroverealestate #sacramentohomesforsale #realtor #moving #realestatetips

Why I Love Real Estate And You Should Too

info@modeanddurham.com (Lori Mode) — Wed, 14 Feb 2024 18:59:37 GMT

Why I Love Real Estate And You Should Too

There’s so much to love about real estate beyond swoon worthy houses and exceptional design.

Real estate represents so much more than that.

Real estate represents home. Which is where so many of the moments - mundane and monumental - exist. It’s where memories are made and families are raised.

And even beyond that, real estate can be a powerful source of wealth for the majority of homeowners.

Did you know that the average homeowner in the US has $200,000 in equity in their home right now?

Homeowners have a median net worth of $255,000 while renters land at … $6,300.

That’s a 40x times difference.

But it’s about more than just money, right? It’s about stability for your family, the freedom to live the life you want and be generous to those in need.

It’s about generational wealth for your family and providing more for your kids.

And I love real estate because of what it has done for me and my family, too!

Which is why it’s important to start now… whether you’re ready to purchase or not.

It may not be the right time to buy based on your specific circumstances, but it’s time to start working toward that goal. It will change your entire life.

And I’d be happy to help.

#realestate #generationalwealth #realtor #realestatemarket #realestateinvestment #homeownerrship #buyingahome #sacramentorealestate #elkgroverealestate #homesweethome

Moving With Kids

info@modeanddurham.com (Lori Mode) — Fri, 09 Feb 2024 18:46:23 GMT

Moving With Kids

�� Moving is hard... it's hard on you but it's especially hard on kids!

Here are my tips for making it easier on your kids during your move!

Anything else you have to add to the tips? Comment below...

#realestate #realestateadvice #realtor #sellingahome #movingwithkids #whoyiuworkwithmatters #sacramentorrealestate #elkgroverealestate #sellingrealestate #sellinghomes #realtorlifestyle #howtosellhomes #sellertips #buyingahome

February Is A Great Time To Move

info@modeanddurham.com (Lori Mode) — Tue, 06 Feb 2024 19:44:38 GMT

February Is A Great Time To Move

February is a great time to move for so many reasons!

→ Start before the Spring rush. The real estate market often picks up in spring, and having your home on the market early may attract more potential buyers. And if you’re a buyer – you’ll have less competition now!

→ With fewer transactions occurring, the mortgage approval and closing processes may move more quickly. This can result in a faster and smoother transaction for both buyers and sellers.

→ Some buyers may receive tax refunds in February, providing them with additional funds for a down payment or closing costs.

While these factors can make February a favorable time for real estate transactions, it’s essential to consider local market conditions, regional weather patterns, and individual circumstances.

If you’re thinking of buying or selling – message me today to connect!

#buyersagent #listingagent #realestateagent #realestate #realestateadvice #realtor #sellingahome #marketingplan #whoyiuworkwithmatters #sacramentorrealestate #elkgroverealestate #sellingrealestate #sellinghomes #realtorlifestyle #howtosellhomes #sellertips

How To Deal With A Loved One's Real Estate

info@modeanddurham.com (Lori Mode) — Thu, 25 Jan 2024 20:52:06 GMT

How To Deal With A Loved Ones Real Estate

Your loved one has passed away and you are grieving and you have to deal with Real Estate. Now what? There's so much to consider and of course you don't feel like it. If you're the one that's left responsible for the estate you mostly likely have to deal with it. I had to do this twice in 2021 myself for my family. It's not easy, it's stressful and you need help .

Since that time, I have helped many, many families in the same situation. Things to think about...

1️⃣ Is the property in a trust? If it is, what does this mean? It should make things easier. Stay tuned to a future video on trusts.

2️⃣ If its not in a trust what do you do?

3️⃣ What do you do with all the personal items? Hopefully you have family to help you with this. Do you need to have an estate sale? A garage sale? Do you want to donate items? Do you need a dumpster?

4️⃣ Do you need a formal appraisal? Do you need to have inspections done?

5️⃣ Do you want to sell, rent the house out or does someone want to move into it? This is probably another discussion with your family.

6️⃣ If you decide to sell, do you want to fix up the house or sell it as is? Or is there something in between that might make you the most money possible?

7️⃣ What is the timeframe involved if you want to sell the house? How do you plan for this?

8️⃣ What happens to the property taxes during this time? Do they increase? What else do you need to know?

This is where an experienced Real Estate Agent will be your biggest help. Make sure it's a realtor that is experienced in helping families through this process. If you have questions, please feel free to reach out directly to me or comment below.

And save this post for future reference if this is something you were going through or are going to be deal with in the near future.

#realestate #inheritingrealestate #trustseller #listingagent #sellingahome #sacramentorealestate #realtor #grief #sacramentorealestate

Unpermitted Work When Buying & Selling

info@modeanddurham.com (Lori Mode) — Tue, 23 Jan 2024 20:55:32 GMT

What To Do About Unpermitted Work When

Buying Or Selling A Home?

Ever wondered what happens if you find your dream home, but discover it has unpermitted work? You're not alone.

Here's what you need to know. Firstly, unpermitted work can range from minor cosmetic changes to major structural renovations. The key question is: how does this affect the home's value and safety?

Here's the deal: unpermitted work can pose risks. It might not meet building codes, which can affect insurance and financing.

The way I see it, there are 3 options on how to handle it.

Option one: Get it permitted. This might involve inspections, upgrades, or even reversing the changes. Yes, it can be costly and time-consuming, but it ensures everything is up to code.

Option two: Negotiate the price. Unpermitted work can be a bargaining chip in price negotiations. You can often get a reduction to cover the potential costs of rectifying said work.

Option three: Look for indemnity insurance. This can protect you against certain losses related to unpermitted work. But remember, it's not a fix-all solution.

Here's a pro tip: Always consult with a real estate professional and a lawyer. They can help navigate the complexities and make informed decisions. And remember, every situation is unique.

Unpermitted work isn't always a deal-breaker, but it's crucial to understand the risks and solutions. So, don't think twice before skipping that permit for your next renovation. And if you’re buying, make sure to check that all major work was actually permitted. If it wasn’t, you may have just gained the upper hand in the negotiations. Follow me for more real estate tips!

#realestate #realtor #buyingahome #homeownership #elkgroverealtor #sacramentorealestate #househunting #sellingyourhome #houserenovations #homesellingtips

Stop Trying To Time The Market

info@modeanddurham.com (Lori Mode) — Thu, 18 Jan 2024 18:30:01 GMT

Stop Trying To Time The Real Estate Market

Stop trying to time the market! Quit waiting for the perfect moment!

Listen to what you should do instead!

#realestate #realtor #elkgroverealtor #homeownership #househunting #realestatetips #sacramentorealestate #realestateagent #sellingyourhome #buyingahome #sacramento

What Is House Hacking?

info@modeanddurham.com (Lori Mode) — Tue, 16 Jan 2024 19:08:09 GMT

What Is House Hacking?

What is house hacking? A way for investors to purchase multiple properties that have 2-4 units. With allowing for only 5% down, they can now invest in more than 1 BUT, there is a catch - investors have to live in the property for 1 year! Want more info? Call or text me and we can set up a video chat!!

#househacking #investors #realestate #realestateinvesting #moderegroup #housebuying #investinginrealestate

Create A Budget For 2024

info@modeanddurham.com (Lori Mode) — Fri, 12 Jan 2024 17:35:54 GMT

Create A Budget For 2024

It’s a new year. It’s a new you. It’s a new plan for your money. It’s time to create a budget for 2024!

Regardless of what your financial goals are for the year, a strong budget can help you reach them. So here are a couple of tips to setting a realistic budget. Please share this with your friends who are trying to save for a new home next year.

#1 Take a Look At Last Year

I always suggest the first thing you do is look at last year’s expenses. This will give you a good starting point on what bills to expect, what areas to cut back in, and what to prioritize in the new year. Auditing your credit card statements and creating a list of regular checking debits is a great place to start when finding your baseline budget.

#2 Cut Back Your Expenses

It’s SO easy to get sucked into subscriptions or forget about those small but meaningful weekly expenses that you indulge in. This is a great opportunity to go through your expenses and cut back on the ones you can do without! Using an app that connects to your back account like TrueBill can really help you see the forest for the trees here.

And finally... #3 Set Some Goals and Stick to Them!

If you’re prioritizing your savings account, set your main goal, then break that goal down into monthly payments. If you’re trying to cut back on eating out every week, find a meal planning resource that can help you rediscover your love of cooking at home. With the right support and foundation, I know you can do it!

Whatever your goals, good budget requires planning and patience. I definitely recommend using a budgeting app like TrueBill or Mint. They connect to all of your accounts and allow you to get a top-down view of your entire financial situation. It’s within these apps that you can set smaller budgets for your individual categories of spending, so you’ll be able to narrow down exactly where you need to focus your attention and discipline.

Those are my suggestions, do you have any of your own? What resources have you used in the past that have helped you tame your own personal financial beast? I’d love to hear about them!

Thanks for watching!

#realestate #realtor #BudgetingTips #FinancialGoals #NewYearBudget #MoneyManagement #RealisticBudget #ExpenseAudit #BaselineBudget #CreditCardStatements #TrueBillApp #SavingsGoals #CutExpenses #MealPlanning #CookingAtHome #BudgetingApps #FinancialPlanning #PatienceInBudgeting #SmartSpending #MoneySavers #FinancialDiscipline #PersonalFinanceTips

10 Things That Matter Most To Homeowners

info@modeanddurham.com (Lori Mode) — Tue, 09 Jan 2024 21:01:34 GMT

10 Things That Matter Most To Homeowners

So, what turns YOU on? About homes, that is!

We all have specific things we look for when it comes to a romantic partner, and it’s really no different when we’re looking at homes.

According to a recent study from HomeAdvisor, here are the things that matter the most when it comes to buying a home.

#1, Price. Of course, right? Money talks, and for most buyers, it’s absolutely the first thing on their minds.

#2 was home size. Many people move because they outgrow their previous home, so this makes sense that it would be in the number 2 spot.

#3 is an updated kitchen. Kitchens are the heart of every home, so most buyers are absolutely looking for something that will be warm but functional.

Plus, a kitchen remodel is one of the most expensive upgrades you can make on a home, so it makes sense that buyers would look for a home without this huge project.

#4, was outdoor space. Very important, especially if you live in a climate where you can be outside for much of the year.

Then, it was basically a 3-way tie for storage space, bedroom size, and updated bathrooms. Interesting that updated bathrooms are relatively low on the list here since they can also be a major cost when renovating.

And then rounding out the last 3, it was a tie between neighborhood, kitchen size, and location. Again, interesting to me that location is listed last on this list, but that makes more sense now that people are working from home and commuting less.

Anyway, what are the must-haves for YOU when looking at houses? Anything on this list you don’t care about that much? Let me know, and follow me for more real estate tips!

#realestate #realtor #buyingahome #homeownership #elkgroverealtor #househunting #realestateagent #sacramentorealestate #newhome #homebuyersneeds

New Year New You!

info@modeanddurham.com (Lori Mode) — Thu, 04 Jan 2024 19:48:48 GMT

New Year New You!

Train your brain to be nicer to yourself in 2024!

That's essentially what mantras do. They teach you to be nicer to yourself through repetition.

Do you want to come up with a deeply personal mantra for the new year and break free from negative thoughts? Me too.

#realestate #realtor #goals #newyear #selfimprovement #mantras #creatingamantra #wellbeing #mentalhealth

Is this the year you become a #homeowner?

SEARCH ALL HOMES FOR SALE NOW

2024 Market Predictions

info@modeanddurham.com (Lori Mode) — Tue, 02 Jan 2024 20:14:35 GMT

2024 Market Predictions

Here are a few of the things I see coming in the near future for 2024 in the real estate market. Follow along as we see what happens! I will be sharing lot's of market stats and other pertinent info this year - make sure you are following along!

#marketpredictions #realestate #realestate2024 #marketupdate #moderegroup #lorimode #elkgroverealestate #elkgroverealtor #kwelkgrove

Holiday Cocktails To Warm You Up This Season

info@modeanddurham.com (Lori Mode) — Thu, 21 Dec 2023 18:22:23 GMT

Holiday Cocktails To Warm You Up This Season

I can’t decide which is my favorite. These holiday cocktails are sure to warm you up this season!

Pomegranate Margarita : a twist on the classic margarita that adds a festive red pomegranate juice

Cranberry Ginger Mimosa: sweet and spicy mimosa with a festive red color.

Pear Tree Martini: I love this less conventional option for the holidays.

Which one is your favorite?

If you’re looking to make a move to or in Elk Grove, it’d be my honor to guide you through the process.

DM me to set up a time to talk.

See All Elk Grove Homes For Sale Now

#findahomeinelkgrove #elkgroverealtor #moderegroup #realtor #holidaydrinks

Buying A Home In 2024

info@modeanddurham.com (Lori Mode) — Tue, 19 Dec 2023 19:47:45 GMT

Buying A Home In 2024

Are you hoping to buy a home in 2024? If so, the time to start preparing is NOW.

The first step in the process is to connect with a realtor — if you choose to work with me, we’ll have a buyer consult where we will determine your goals and hone in on your specific priorities.

Before starting your search, you need to have a solid understanding of your budget. The best way to set a realistic budget is to get pre-approved by a lender. I have a select few that I have had successful relationships with and would be happy to recommend! Once you determine your budget, we’ll start the search.

I’ll set you up on a search that notifies us whenever a home within your parameters comes on the market.

I’ll also be on the hunt for homes before they even come to the market. I’ll attend broker pricing tours and reach out to agents who might have clients planning to sell.

Because of these early preparations, once you find the right home, we’ll be ready to write a competitive offer. We’ve done the upfront work and the process will be far more efficient.

If you’re hoping to buy a home in 2024 in Elk Grove, it would be my honor to represent you through the process.

DM me to set up a time to talk.

#realestate #homebuying #homebuyingprocess #elkgroverealestate #elkgroverealtor #buyahomeinsacramento #eghomevalue

Lori Mode
The Mode Real Estate Group
916-405-5737
www.ModeREGroup.com

See All Elk Grove Homes For Sale

Is A New Home On Your Wishlist?

info@modeanddurham.com (Lori Mode) — Thu, 14 Dec 2023 20:51:32 GMT

Is A New Home On Your Wishlist?

Is a new home all you want for Christmas? ��

Then, it’s time to start making a holiday home wish list ��

First, start by prioritizing your “wants” vs. “needs”…

Some things on a “wants” list would be items new appliances, updated kitchen and bathroom, new windows, pool, etc.

Some examples of a “needs” list would be number of bedrooms, square footage, school system, neighborhood safety, overall condition, commute time to work/school, etc.

�� If you’re ready to start, just comment ” WORKSHEET” and I’ll send you the Home Priority Guide Worksheet!

#homebuyerlist #prioritylist #realestateagent #realestate #findahomeinelkgrove #elkgroverealestate #sacramentorealestate #moderegroup #realestatemadesimple

SEARCH ALL HOMES FOR SALE NOW!

When To Begin Your Home Search

info@modeanddurham.com (Lori Mode) — Tue, 12 Dec 2023 18:50:11 GMT

When To Begin Your Home Search

Let’s talk about timing….when do you think you should you begin your home search?

Of course, it all depends on various factors and can differ for each person – but generally it’s a good idea to give yourself at least a few months head start before you are ready to purchase!

Here’s a rough timeline to guide you:

→ �� 6-12 months before: Access your finances to see how much you can afford, and start researching neighborhoods for the ideal new home location

→ �� 4-6 months before: Make a priority list of what you are looking for in a home, and hire a real estate agent to guide you in the right direction.

→ �� 3 months before: Get pre-approved and start shopping!

→ �� 1-2 months before: Find potential home, make offer, negotiate terms, contingencies, finalize mortgage approval and paperwork, final walk through and prepare for closing.

→ �� Closing and Move-in Day! Sign paperwork and receive keys to your new home.

Remember, this is a general guideline, and your timeline may vary based on your specific circumstances and the local real estate market. How’s your timeline looking so far? If you’re considering moving in the next year, let’s chat!

#movingtimeline #buyersagent #realestateagent #firsttimehomebuyer #buyingahome #dreamhome #realestate #homebiuyingtips

SEE ALL HOMES FOR SALE IN ELK GROVE OR SACRAMENTO NOW

Here are my top staging tips?

info@modeanddurham.com (Lori Mode) — Fri, 08 Dec 2023 20:07:59 GMT

Here are my top staging tips

Start with curb appeal. The first thing potential buyers will see is your home’s exterior, so make sure it’s looking its best. Mow the lawn, trim the bushes, and remove any clutter from the front yard. You may also want to consider painting your front door a bright, inviting color.
Declutter and depersonalize. Buyers need to be able to imagine themselves living in your home, so remove any personal items, such as family photos, religious symbols, and political paraphernalia. You should also declutter each room, getting rid of any unnecessary furniture, accessories, and belongings.
Create a neutral color palette. Buyers are more likely to be drawn to homes with a neutral color palette. This means using light colors on the walls and ceilings, and avoiding bold or busy patterns. You can still add pops of color with furniture, accessories, and artwork.
Arrange furniture strategically. When arranging furniture, keep in mind the flow of each room. You want to create a space that is both inviting and functional. Avoid crowding furniture together, and leave enough space for people to move around comfortably.
Add fresh flowers and greenery. Fresh flowers and greenery can add a touch of life and freshness to any room. Place small bouquets on coffee tables and end tables, or hang potted plants in corners.
Pay attention to the details. Small things can make a big difference when it comes to staging your home. Make sure all of your light fixtures are working, and that your doorknobs and faucets are clean and polished. You may also want to consider adding fresh towels and linens to the bathrooms, and making the beds with neat, clean sheets.

By following these tips, you can stage your home in a way that will appeal to a wide range of potential buyers.

Here is a bonus tip:

Stage for the camera. Many buyers will start their search for a new home online, so it’s important to make sure your home looks good in photos. When staging your home, keep in mind how it will look through the lens of a camera. Avoid placing furniture in front of windows, and make sure all of your rooms are well-lit. You may also want to consider hiring a professional photographer to take photos of your home.

What are some home improvement ideas for this winter?

info@modeanddurham.com (Lori Mode) — Thu, 07 Dec 2023 02:24:30 GMT

What are some home improvement ideas for this winter?

Winter is a great time to tackle indoor home improvement projects, as the colder weather often keeps us inside.

Here are some home improvement ideas for this winter:

Seal air leaks. One of the simplest and most effective ways to improve your home’s energy efficiency is to seal air leaks. This can be done by caulking around windows and doors, and by weather-stripping any drafty areas.

Add insulation. Another great way to improve your home’s energy efficiency is to add insulation. This can be done in the attic, walls, and floors. Adding insulation can help to keep your home warm in the winter and cool in the summer, which can save you money on your energy bills.

Upgrade your windows. If your windows are old and drafty, consider upgrading to new energy-efficient windows. New windows can help to keep your home warm in the winter and cool in the summer, and they can also reduce noise pollution.

Install a programmable thermostat. A programmable thermostat can help you to save money on your energy bills by automatically adjusting the temperature of your home when you’re away.

Update your lighting. If you have old incandescent bulbs, consider upgrading to new energy-efficient LED bulbs. LED bulbs use less energy and last longer than incandescent bulbs, which can save you money on your energy bills.

Upgrade your appliances. If your appliances are old and inefficient, consider upgrading to new energy-efficient appliances. New appliances can help you to save money on your energy bills, and they can also reduce your carbon footprint.

Improve your indoor air quality. Winter is a great time to improve your indoor air quality. You can do this by cleaning your air ducts, installing an air purifier, and using a humidifier. Improving your indoor air quality can help to reduce your risk of allergies and asthma.

Renovate your basement. Winter is a great time to renovate your basement. The cooler temperatures make it less humid, which is a good environment for working with drywall and other materials. You can finish your basement into a living space, such as a rec room or home office, or you can use it for storage.

Update your bathroom. Winter is also a good time to update your bathroom. You can install a new shower or bathtub, update the fixtures, or simply give the room a fresh coat of paint. Updating your bathroom can make it more comfortable and inviting, and it can also add value to your home.

Paint your home. If your walls are looking tired and dated, consider giving your home a fresh coat of paint. Painting your home is a relatively inexpensive way to update the look and feel of your space.

Organize your home. Winter is a great time to organize your home. You can declutter your closets and cabinets, and get rid of any items that you don’t use anymore. You can also organize your paperwork and photos. Organizing your home can help to reduce stress and make your space more efficient.

Hopefully that list will keep you busy this winter! Remember to prioritize safety, and if you’re not experienced with certain home improvement tasks, consider hiring professionals to ensure the work is done correctly and safely.

Signs Its Time To Upsize

info@modeanddurham.com (Lori Mode) — Thu, 30 Nov 2023 18:51:59 GMT

Signs Its Time To Upsize

Wondering if it’s time for a larger home? Here are some signs it might be time to upsize:

Growing Family: If your family is expanding due to a new baby or the need to accommodate elderly parents or other family members, you may require more bedrooms and living space.
Home-Based Work: If you or family members are working or studying from home more frequently, you might need additional rooms or dedicated office spaces to maintain productivity.
Storage Challenges: If you find that your current home lacks adequate storage space, and you’re struggling to keep your belongings organized, it may be time for a larger home.
Feeling Cramped: When you begin to feel cramped, especially in common areas like the kitchen, living room, or bathroom, it’s a clear sign that you need more space to move comfortably.
Desire for More Privacy: If you currently have shared bedrooms or living spaces and you desire more privacy for yourself or your family members, upsizing can provide the separation you need.
Changing Lifestyle: If your lifestyle changes, such as starting a hobby that requires more space (e.g., home gym, art studio), upsizing may be necessary to accommodate these new interests.
Entertainment and Hosting: If you enjoy hosting gatherings or parties and your current home lacks sufficient space for guests, you might want a larger living and dining area.
Improved Financial Situation: If your financial situation has improved, allowing you to afford a larger mortgage, it may be a good time to consider upsizing to a more spacious and comfortable home.
Neighborhood Amenities: If you desire access to specific neighborhood amenities like a larger yard, better schools, parks, or recreational facilities, upsizing to a new neighborhood may be appealing.
Home Appreciation: If your current home has appreciated significantly in value, selling it and buying a larger home can be a strategic move to capitalize on the equity you’ve gained.
Long-Term Plans: If you have long-term plans to accommodate aging parents or provide a comfortable living space for adult children returning home, you may need a larger home.

Before deciding to upsize, carefully assess your financial situation and evaluate your long-term goals. You may also want to consult with a real estate agent (aka me��) to explore your options and find a home that meets your growing needs and preferences. As always, I’m here to help!

Is It Time To Downsize?

info@modeanddurham.com (Lori Mode) — Tue, 28 Nov 2023 18:31:52 GMT

Is It Time To Downsize?

Wondering if downsizing is the best option for you? Take these things into consideration:

Empty Nest: If your children have moved out, leaving empty bedrooms and unused spaces, it might be a sign that your current home is too large for your needs.
Financial Strain: If you’re struggling to keep up with mortgage payments, property taxes, maintenance costs, and other expenses related to your current home, downsizing can relieve financial stress.
Maintenance Overload: If you find it increasingly difficult to maintain your current home due to its size or age, downsizing to a smaller, more manageable property can save you time and money.
Health Considerations: If you or your partner’s health has changed, and your current home isn’t accommodating those changes (e.g., difficulties with stairs), downsizing to a more accessible property may be necessary.
Excessive Clutter: If your home is filled with belongings you no longer use or need, downsizing can provide an opportunity to declutter and simplify your life.
Desire to Travel: If you want the freedom to travel more frequently or live a more mobile lifestyle, downsizing can reduce your ties to a fixed location.
Retirement Planning: Downsizing can be a strategic move for retirement planning, as it can free up equity in your current home that can be used to supplement retirement income or fund other goals.
Energy Efficiency: Smaller homes are often more energy-efficient, which can result in lower utility bills and a reduced carbon footprint.
Simplify Your Life: If you desire a simpler, more minimalist lifestyle with fewer possessions and responsibilities, downsizing can help you achieve that goal.
Changing Lifestyle: Major life changes, such as a divorce, loss of a partner, or a change in job location, may necessitate downsizing to better suit your new circumstances.

Before making the decision to downsize, it’s important to carefully evaluate your financial situation, lifestyle goals, and priorities. It’s a good idea to consult with a real estate agent, financial advisor, or downsizing specialist to help you navigate the process and find the right property that aligns with your needs and objectives.

As always, I’m here to help assist with any of your real estate needs!

Why Fall Is A Great Time To Buy A Home

info@modeanddurham.com (Lori Mode) — Wed, 22 Nov 2023 18:41:03 GMT

Why Fall Is A Great Time To Buy A Home

Fall can be a great time to buy a home for several reasons!

Less Competition: In many areas, the demand for homes tends to decrease in the fall compared to the spring and summer months. With fewer buyers actively looking for homes, there’s less competition for the same properties. This can translate into more negotiating power for buyers and potentially better deals.
Motivated Sellers: Sellers who have their homes on the market in the fall may be more motivated to sell. They might be relocating for work, dealing with a change in their family situation, or looking to sell before the end of the year. This motivation can lead to more flexibility in negotiations and a willingness to consider reasonable offers.
Price Reductions: Homes that were listed during the peak selling season of spring and early summer but didn’t sell may have price reductions in the fall. Sellers who have had their homes on the market for several months may be more willing to lower their asking prices to attract buyers.
Access to Professionals: Real estate professionals, such as real estate agents and mortgage lenders, tend to have fewer clients and are less busy in the fall. This means they can provide more personalized attention to your home-buying needs, answer your questions, and help you navigate the process more effectively.
Accurate Home Inspection: Fall weather can be advantageous for a home inspection. Cooler temperatures can reveal issues like heating system problems, while rain can help identify any potential roof leaks. Inspecting a home in various weather conditions can give you a more accurate picture of its condition.
School Considerations: Families with school-age children often aim to move during the summer months to minimize disruptions to their children’s education. In the fall, you may find fewer families competing for homes, which could lead to better choices and prices.
Year-End Tax Benefits: Buying a home in the fall can provide potential year-end tax benefits. You may be able to deduct mortgage interest, property taxes, and other homeownership-related expenses when you file your taxes for that year.
Better Knowledge of the Neighborhood: During the fall, you can get a better sense of what the neighborhood is like as you see how it transforms with the changing season. You can observe factors like traffic patterns, neighbor interactions, and the condition of nearby properties.

It’s essential to keep in mind that the housing market can vary significantly depending on your location and the overall economic conditions. While fall can offer advantages for buyers, it’s crucial to work with a qualified real estate agent (aka me��) who understands the local market dynamics and can help you make informed decisions about your home purchase.

3 Simple Way to Boost Your Credit Score

info@modeanddurham.com (Lori Mode) — Mon, 20 Nov 2023 19:16:23 GMT

3 Simple Way to Boost Your Credit Score

Boosting your credit score takes time and responsible financial management.

Here are three simple ways to help improve your credit score:

Pay Your Bills on Time:

Payment history is one of the most significant factors affecting your credit score. It’s important to consistently pay your bills on time. This demonstrates responsible financial behavior and can have a positive impact on your credit score.
Pro Tip: Set up reminders or automatic payments to ensure you never miss a due date.

Reduce Credit Card Balances:

Your credit utilization ratio (which is the amount of credit you’re using compared to your total available credit) is another crucial factor in your credit score. Aim to keep your credit card balances low, ideally below 30% of your credit limit.
Consider paying down high-interest credit card debt or transferring balances to cards with lower interest rates to make it easier to reduce your balances.

Regularly Review Your Credit Report:

Obtain free copies of your credit reports from the three major credit bureaus (Experian, Equifax, and TransUnion) annually and review them for errors or inaccuracies. Credit Karma is a free tool that is helpful as well!
Dispute any inaccuracies you find on your credit report with the respective credit bureau to have them corrected. Accurate reporting is essential for a healthy credit score.

Additionally, you can also consider other strategies like diversifying your credit mix by having different types of credit accounts (e.g., credit cards, installment loans) and refraining from opening too many new credit accounts at once, as each hard inquiry can temporarily lower your score.

Remember that improving your credit score takes time and patience! Be consistent in practicing good financial habits, and your credit score will gradually improve over time.

Some lenders also assist with credit repair and guidance. If you have any questions, or need lender recommendations , please don’t hesitate to reach out!

#creditscore #creditboost #financiallyresponsible #homebuyer #elkgroverealtor #elkgroverealestate #sacramentorealestate #homebuying

Steps For Getting Pre-Approved

info@modeanddurham.com (Lori Mode) — Thu, 16 Nov 2023 18:23:52 GMT

Steps For Getting Pre-Approved

The pre-approval process is a crucial step in the home-buying journey!

It involves a lender evaluating your financial situation to determine the amount of money they are willing to lend you for a mortgage. This pre-approval gives you a clear idea of your budget when house hunting and also demonstrates to sellers that you are a serious buyer.

Here’s an overview of the pre-approval process:

Gather Your Financial Documents:

You’ll need to provide documentation that proves your financial stability. This typically includes
> Proof of identity (driver’s license, passport, etc.).
> Proof of income (pay stubs, W-2 forms, tax returns) for the past couple of years.
> Proof of assets (bank statements, retirement account statements).
> Proof of employment (employer contact information, recent pay stubs).
> Information about your debts (credit card statements, loans).
Choose a Lender:
Research and select a reputable lender or mortgage broker to work with. You can choose to go through a traditional bank, credit union, or online mortgage lender.
Submit an Application:
You’ll need to fill out a mortgage application with your chosen lender. This application will include details about the property you intend to buy, your financial information, and your employment history.
Credit Check:
The lender will run a credit check to assess your creditworthiness. Your credit score will play a significant role in determining the interest rate and terms of your potential mortgage.
Lender Review:
The lender’s underwriting team will review your application, financial documents, and credit history. They will assess your ability to repay the loan based on your income, assets, debts, and credit score.
Verification and Documentation:
The lender may request additional documentation or clarification on certain aspects of your application. Promptly provide any requested documents to keep the process moving smoothly.
Pre-Approval Letter:
Once your application has been reviewed and approved, the lender will provide you with a pre-approval letter. This letter outlines the amount you’re pre-approved to borrow, the interest rate, and any conditions that need to be met.
Time to shop for a Home!
Armed with your pre-approval letter, you can confidently start house hunting within your budget. Sellers will take your pre-approval seriously, as it demonstrates your ability to secure financing.

It’s important to note that pre-approval is not a guarantee of a mortgage loan. It’s based on preliminary information and is subject to final approval once you’ve chosen a specific property. Also, keep in mind that the pre-approval process may vary slightly between lenders and regions.

Additionally, obtaining multiple pre-approval letters from different lenders within a short period can impact your credit score, so it’s generally best to research lenders and choose one to work with initially.

If you have any questions, or need lender recommendations, please don’t hesitate to reach out!

Mistakes to Avoide When Selling During A Divorce

info@modeanddurham.com (Lori Mode) — Wed, 15 Nov 2023 17:28:17 GMT

Mistakes to Avoid When Selling During a Divorce

Yikes. Selling a house AND going through a divorce at the same time? You’d be surprised at how often that happens. Here are a few tips to make this process as smooth as possible.

Rushing to sell can be a big mistake: First and foremost, don't rush! Panic selling often leads to undervalued homes and a loss of money in your pocket. Give yourself time to understand the market and don’t push things too fast.

Don’t ignore emotional attachments: Remember, it's not just a house—it's your home. But letting emotions drive decisions? That can be costly. Stay objective and think of the bigger picture.

Failing to communicate can cost you: Communication in divorce AND home selling is key. Both parties need to be on the same page to get the most out of the sale. Aren’t on speaking terms with your ex? Then you might want to put off the sale until you’ve cooled off.

Don’t skip property maintenance: Depending on the situation, it’s possible that the home has not been properly maintained during the divorce and in the months leading up to the sale. Obviously, this depends on a variety of factors, including who has been living in the property during the divorce proceedings. This can drastically reduce your home's value and make the sale much more difficult and drawn out. A well-maintained property fetches a better price, every time.

Last but certainly not least, make sure to choose the right Realtor. Believe it or not, there are agents who have ample experience dealing with home sales during divorce. They oftentimes are skilled at dealing with both parties at the same time, even if the parties are having trouble seeing eye to eye. Choose a realtor who understands the complexities of divorce sales. Experience matters!

Making smart choices is essential when trying to juggle a divorce and the sale of a house at the same time. Avoid these mistakes, and you're on your way to a much smoother sale. And don’t forget, choose an agent with proven skills to guide you through this potentially messy process. Follow me for more real estate tips!

#realestate #realestatetips #realtor #elkgroverealtor #sacramentorealestate #realestateagent #homeownership #divorce #familylaw #marriage

House Hunting Do's and Don'ts

info@modeanddurham.com (Lori Mode) — Thu, 09 Nov 2023 20:14:15 GMT

House Hunting Do's and Don'ts

House hunting can be an exhilarating yet challenging process! To ensure you make the right decision and find your dream home, it’s important to know the do’s and don’ts of the process.

The Dos:

Do Prioritize Your Must-Haves: Identify your non-negotiable features and amenities, such as the number of bedrooms, location, proximity to work, schools, and public transportation. This will help you narrow down your search effectively.

Do Set a Realistic Budget: Establish a clear budget that takes into account not only the purchase price but also potential maintenance costs, property taxes, and homeowners’ association fees. Stick to this budget to avoid financial strain.

Do Research the Neighborhood: Investigate the neighborhood’s safety, amenities, local services, and future development plans. Visit the area during different times of the day to get a complete sense of its atmosphere.

Do Work with a Real Estate Agent: Enlist the help of a professional real estate agent who understands your preferences and can provide insights about the local market. Their expertise can save you time, money, and stress.

Do Attend Open Houses and Tours: Attend open houses and schedule property tours. This hands-on approach allows you to experience the property firsthand, helping you make a well-informed decision.

Do Inspect Thoroughly: Carefully inspect the property’s condition, including plumbing, electrical systems, roof, foundation, and appliances. Don’t hesitate to ask questions about any concerns you may have.

Do Take Photos and Notes: Document each property you visit with photos and notes. This will help you remember key details and compare properties later on.

The Don’ts:
Don’t Overlook Future Needs: While considering your current needs, also think about potential future changes such as family expansion, job changes, and lifestyle shifts. A home should accommodate both your present and future needs.

Don’t Rush the Decision: Avoid making hasty decisions. Take your time to thoroughly research and assess each property before committing. Patience can lead to finding the perfect match.

Don’t Overextend Financially: Falling in love with a property that’s beyond your budget can lead to financial stress. Stick to your predetermined budget to ensure a comfortable and stable financial situation.

Don’t Ignore Inspection Results: If an inspection reveals significant issues, don’t ignore them in the hopes of a quick fix. Assess the extent of the repairs needed and consider whether you’re willing to take on that responsibility.

Don’t Neglect Location: A beautiful home in an undesirable location may not be the best investment. Research the neighborhood thoroughly to ensure it aligns with your lifestyle and preferences.

Don’t Disregard Resale Value: Even if you plan to stay in the home long-term, consider its potential resale value. Trends and preferences change, and a property with good resale potential can be a smart investment.

House hunting is a significant undertaking, and the decisions you make during this process can impact your life for years to come. By following these dos and don’ts, you’ll be better equipped to find a home that meets your needs, suits your budget, and brings you joy for years to come. As always, I’m here to assist in any way I can!

Remember, patience and thorough research are your greatest allies in this exciting journey. Happy house hunting!

Tips For First Time Home Buyers

info@modeanddurham.com (Lori Mode) — Wed, 08 Nov 2023 19:07:23 GMT

Tips For First Time Home Buyers

Congratulations on embarking on the exciting journey of becoming a first-time homebuyer! Here are the top 10 tips to help you make informed decisions and navigate the homebuying process successfully.

First things to do is determine your budget! Before you start looking at homes, assess your financial situation and set a realistic budget. Consider all costs, including the down payment, closing costs, monthly mortgage payments, property taxes, and homeowners insurance.

The second thing I recommend is getting pre-approved for a mortgage. Obtaining a pre-approval from a lender will give you a clear idea of how much you can borrow and help you focus on homes within your budget.

Next, you should make a list of priorities and things that are important to you. Know what features and amenities you want in your new home. Determine your must-haves, preferences, and deal-breakers to streamline the search process.

Next step is to work with a reliable real estate agent (aka me��). A knowledgeable real estate agent can be an invaluable resource. They can help you find suitable properties, negotiate on your behalf, and guide you through the paperwork.

This step is often over-looked but consider the future! Think about your long-term plans and whether the property meets your future needs, especially if you plan on staying there for several years.

Regarding budget, I recommend staying within your means. It’s essential to resist the temptation to overspend on a home. Remember, owning a home comes with additional costs, so make sure you can comfortably afford it without stretching your finances too thin.

After you find the perfect home for you and your family make sure you and your agent negotiate wisely! Don’t be afraid to negotiate with the seller. Your agent can help you make a reasonable offer based on the market value and property condition.

Lastly, don’t forget to review all paperwork. When you’re ready to make an offer, carefully review all the documents and contracts involved in the transaction. Seek legal advice if needed.

Bonus Tip: Don’t rush! Take your time to find the right home that aligns with your needs and budget. The process might be overwhelming, but it doesn’t have to be! I will guide you through the entire process to find the best home for you and your family.

Happy house hunting, and best of luck with your first home purchase! Message me today to talk about next steps.

Selling your home….you don’t need to feel stressed

info@modeanddurham.com (Lori Mode) — Wed, 08 Nov 2023 18:58:12 GMT

Selling your home….you don’t need to feel stressed

Does this real estate market have you STRESSED? While that’s normal, there’s no need to spiral down!

Let me answer any questions you have! Feeling a little overwhelmed at the thought of selling your home? Trust us, you're definitely not alone in this.

Selling a home is a big deal; after all, it's one of the most significant financial decisions you'll ever make. And, yes, there are plenty of steps involved—from staging and listing to negotiating and closing. The whole thing can feel really overwhelming, but here's the good news: you don't have to go through it by yourself.

Over the past 35 years, we at Mode Real Estate Group have had the privilege of assisting more than 350 individuals and families right here in the Sacramento Valley! They've successfully sold their homes for top dollar, and guess what? Most of them were busy folks just like you. That's why we put in the extra effort to ensure the selling process is as streamlined and as stress-free as possible. But that's not all. We're big believers in educating our clients and maintaining open lines of communication. We want you to understand each phase of the process, and feel confident in the choices you're making. Because at the end of the day, an informed client is a happy client, and your satisfaction is our ultimate goal.

So, if you’re considering buying or selling right now, but the process or the current real estate market has you stressed even thinking about it, let's set up a time to chat! No strings attached, no obligation—just straightforward, helpful information to guide you in the right direction. Shoot me a message here - I’d love to help!

#realestate #realtor #realestateagent #home #property #forsale #stress #anxiety #househunting #dreamhome #newhome #luxuryrealestate #luxury

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What is PMI?

info@modeanddurham.com (Lori Mode) — Tue, 07 Nov 2023 18:34:31 GMT

What is PMI?

PMI stands for Private Mortgage Insurance. It is an insurance policy that lenders often require borrowers to obtain when they have a conventional mortgage loan with a down payment of less than 20% of the home’s purchase price.

The primary purpose of PMI is to protect the lender in case the borrower defaults on their mortgage payments. If the borrower stops making payments and goes into foreclosure, PMI helps reimburse the lender for the remaining loan balance after the sale of the property. It provides an additional layer of security for the lender since a smaller down payment represents a higher risk for potential losses.

PMI is typically an additional monthly cost that the borrower must pay on top of their mortgage payment. The exact amount of PMI depends on factors such as the loan amount, loan-to-value ratio (LTV), and the borrower’s credit score. The cost of PMI can vary, but it is usually a percentage of the loan amount and ranges from 0.5% to 1% of the total loan value annually.

It’s important to note that PMI is different from homeowner’s insurance. Homeowner’s insurance protects the homeowner against damage to the property and liability claims, while PMI protects the lender’s financial interests in case of default.

Once the borrower has built enough equity in their home or reaches a loan-to-value ratio of 80% or less, they can request the cancellation of PMI. Alternatively, PMI may automatically terminate once the loan-to-value ratio reaches 78%, based on the original loan terms. It’s advisable to consult with the lender to understand the specific requirements for canceling PMI in a given mortgage agreement.

How Long Does It Take To Close On A Home?

info@modeanddurham.com (Lori Mode) — Mon, 06 Nov 2023 16:58:55 GMT

How Long Does It Take to Close on a Home?

The time it takes to close on a home can vary depending on several factors, including the specific circumstances of the home purchase and the parties involved. On average, it typically takes around 30 to 40 days to close on a home after the purchase agreement is signed. However, it’s important to note that this is just an estimate, and the actual timeline can be shorter or longer depending on various factors, such as:

Mortgage Financing: If you’re obtaining a mortgage to purchase the home, the timeline can be influenced by factors such as the lender’s efficiency, the complexity of the loan application, and any potential delays in obtaining the necessary documentation or appraisal.
Home Inspection and Appraisal: The time it takes to schedule and complete a home inspection and appraisal can impact the closing timeline. If any issues or discrepancies are found during these processes, it may require additional negotiations or repairs, which can extend the closing timeframe.
Title Search and Insurance: A title search is typically conducted to ensure there are no outstanding liens or claims on the property. This process can take a few weeks, and obtaining title insurance may also be necessary, which can add additional time.
Contingencies and Negotiations: The presence of contingencies in the purchase agreement, such as a home sale contingency or repairs requested by the buyer, can affect the closing timeline. If negotiations or resolutions are required, it may lengthen the closing process.
Local Factors and Seasonal Variations: The time required to close on a home can vary depending on local customs, regulations, and the workload of the professionals involved, such as real estate agents, lenders, and attorneys. Additionally, certain seasons or times of the year, such as holidays or peak buying seasons, can result in increased demand and potentially longer closing times.

It’s essential to work closely with your real estate agent, lender, and other professionals involved in the process to get a more accurate estimate of the closing timeline for your specific situation.

Home Buying Process - Part 3

info@modeanddurham.com (Lori Mode) — Fri, 03 Nov 2023 16:40:10 GMT

Home Buying Process - Part 3

This is the home buying process in 10 steps, part 3!

Step 8 in this process is getting the home appraisal. The appraisal is all about ensuring the house is actually worth what you’ve agreed to pay. If the appraisal comes under the purchase price, the lender will likely not loan out past what the property is appraised at, meaning the buyer will need to come up with that extra money to fill the gap between the appraisal value and the offer. If the appraisal comes in over the agreed upon purchase price, you, the buyer, are in great shape because the loan will easily cover the offer price.

Then, step 9 is closing the sale. Once the loan is approved, you’ll schedule a closing date to sign the final paperwork. Once you make those final signatures, you’ll officially own the house!

And then the final step in the process is moving in. I’ve obviously glossed over several aspects of the buying process in these videos, but this should give you a birds-eye-view of what needs to happen as you purchase a house.

If you’re selling at the same time, you’ll also need to go through the selling process as well, so in my humble opinion, getting an agent to walk you through this entire process is a huge benefit.

Let me know if you have any questions about the process of buying or selling a home, and follow me for more Sacramento area real estate information!

#homebuyer #realestate #realtor #firsttimehomebuyer #househunting #home #newhome #realestateagent #homeseller #homeowner #mortgage #homebuyers #homebuying #dreamhome

My Top Tips For Relocating

info@modeanddurham.com (Lori Mode) — Thu, 02 Nov 2023 19:26:18 GMT

My Top Tips For Relocating

Love moving, but hate the move? I completely get it! Relocating is daunting, with a seemingly endless list of tasks and uncertainties.

After being in the real estate industry for 12 years now, here are my top tips for relocating with ease!

Firstly, research is key! Dive deep into your future neighborhoods, schools, and local amenities. Familiarize yourself now, and the first few weeks won’t seem so foreign. YouTube is a GREAT place to start, especially if you follow a local agent who knows their stuff!

Make sure you create a budget. Moving has its costs, so plan smartly. By considering moving expenses and understanding the cost of living in your new area, you’ll be prepared and avoid unexpected financial surprises. Don’t bring everything! Moving is the best time to declutter, and if you’re moving far, you’ll want to declutter MORE! The less you move, the cheaper and less stressful it ends up being.

Find a local real estate expert you trust! Once again, YouTube is a great place to start. Make sure you look up the brokerage they work for, and any reviews they might have online.

#realestate #realtor #realestatetips #homeownership #sacramentorealestate #elkgroverealtor #househunting #sellingyourhome #buyingahome #relocation #dreamhome

Easy Staging Tips To Get You More Money

info@modeanddurham.com (Lori Mode) — Thu, 19 Oct 2023 18:18:17 GMT

Easy Staging Tips To Get You More Money

We'd love it if you'd LIKE this video, and SUBSCRIBE to our channel!

Within 8 SECONDS of looking at photos of a house online, buyers have made their decision about whether they’re interested or not. 8 SECONDS!

Attention spans are shot nowadays, and home buyers are no exception.

The first impression your home makes is of the utmost importance. This is why stylish staging is critical to getting top dollar for your home. And it doesn’t have to be hard or expensive!

Just a few easy tips go a long way to attracting buyers’ attention and getting them to stick around and view more.

Tip 1: Lighting is everything. Great lighting is the difference between your home feeling like a warm and cozy retreat, or the interior of a cold and musty warehouse. Use light temperatures that match the decor and ambiance of your home, and make sure the bulbs are not only all the same color, but all the same wattage as well.

Tip 2: The front room is the most important, as it’s the first interior photo of the home your prospective buyers are most likely going to see. When thinking about furniture positioning, break the room into quarters. And above all else, make sure the furniture is not ALL pushed to one side or up against the walls!

Tip 3: Make all of the bedding in the house look like a hotel. Even though your buyers aren’t buying the bed, they’re going to subconsciously see your bed as their own, and are going to imagine how relaxed they’re going to feel when in that room. So make sure the bed is clean and tidy, with a matching bed skirt and decorative pillows to round out the feel.

Tip 4: Put away all clutter. Every photo should feel neat and composed, as if thought went into each space. Your clutter gives a sense of claustrophobia to the space, so put everything away to create wide open spaces. This includes nearly everything on your kitchen counters!

These easy tips go a LONG way to making your listing photos pop and showcasing your house in the best light.

Want some personalized recommendations for your own home? Shoot me a message on Facebook and let’s set up a time to meet and chat about getting top dollar for your house!

#realestate #realestatetips #realtor #elkgroverealtor #sacramentorealestate #stagingtips #sellingyourhome

Increase Your Curb Appeal

info@modeanddurham.com (Lori Mode) — Thu, 19 Oct 2023 17:38:28 GMT

Increase Your Curb Appeal

We'd love it if you'd LIKE this video, and SUBSCRIBE to our channel!

You know what they always say, “It’s what’s on the inside that counts.” That... is not always true. Especially for houses! Your curb appeal is a first impression. It provides a gut reaction for what is to come once they cross the threshold into your home.

So let’s quickly explore the most impactful changes you can make to increase the appeal, at the curb.

#1 Paint the front door. Your front door is the first thing people see when they look at your house. They will literally be interacting with it in a few seconds when they enter, so make sure it stands out as fresh and inviting. Be sure to paint it a color that is coordinated with the rest of the exterior, and consider adding that same color to other aspects of the outside, like your mailbox.

#2 is change your mailbox if it’s old. You don’t need to break the bank and go for the full brick structure, but keeping an updated mailbox is a sign that the rest of the house is more likely to be well kept and updated. Just making sure the box is freshly painted and the post is straight will go a LONG way.

#3 update and add exterior lighting . Lighting, inside and out, is everything when it comes to setting the mood and staging for a sense of warm invitation. Add soft but functional lights to the entryway and sidewalk, and even the home’s exterior if it’s in your budget. Lighting the front of your home adds dimension and a dramatic flair to your curb appeal.

#4, power wash everything! Since dirt accumulates slowly over time, most people don’t even know how dirty the exterior of their home actually is. The siding, facia boards, sidewalk, and driveway are all prime candidates for a good power washing. And if you don’t own a power washer, no fear. There are plenty of reputable local businesses that will take on that job for a good price. Of course there’s more - landscaping touches, displaying your house numbers, window shutters...the list goes on.

These are a few of the ones I feel are most important to keeping things looking fresh and welcoming. If you’d like to get some of this done on YOUR house, shoot me a message and I’ll be happy to pass along some recommendations of reputable handymen that can help you out.

#realestate #homeownership #realestatetips #realtor #sacramentorealestate #elkgroverealtor #realestateagent #sellingyourhome #curbappeal #firstimpressions

How To Respond To A Lowball Offer

info@modeanddurham.com (Lori Mode) — Wed, 18 Oct 2023 17:28:35 GMT

How To Respond To A Lowball Offer

We'd love for you to LIKE this video and SUBSCRIBE to our channel!

Just got slapped with a shockingly low offer on your perfect, immaculate home? Here's how to slap back!

Low ball offers aren’t just frustrating, they can be downright insulting. Someone is coming and and saying that your house is worth WAY less to them than what it’s worth to you. Getting upset about a low initial offer is completely normal. Just remember, it's where the purchase ends, not where it begins. Keep emotions in check, because this is business! Remember, you are the boss when pricing your home! But pricing high and hoping for negotiations is not always the best strategy. And if someone tries to lowball you, we ALWAYS hit back with a counteroffer.

Countering with your lowest acceptable price can cut the back and forth. But just be careful; countering at full price might deter a buyer completely. After the low offer comes is, the next step is to check the latest comparable property sales in your area. Sometimes the market has changed since you listed. If the buyer's realtor gives a low offer, we ask them: "Based on what comparables?" If they can't provide a legit list, maybe they're not clued into the local market. And obviously, besides price, there are many other factors to consider when considering an offer. Things like, closing date, seller concessions, inspection contingencies, possession date, buyer's financing, and so much more.

All of these elements paint a whole picture of the offer. So, choose a realtor who stays calm and guides you, especially when that low offer comes in. Because let's be honest, emotions can cloud judgment. Stay focused, keep cool, and remind yourself: selling is a business move. And don’t forget, always ALWAYS make a counteroffer. Follow me for more real estate tips!

#realestate #realestatetips #homeownership #sacramentorealestate #elkgroverealtor #realtor #sellingyourhome #lowballoffer

Benefits Of Hiring An Agent When Buying New Construction

info@modeanddurham.com (Lori Mode) — Tue, 17 Oct 2023 17:51:50 GMT

Benefits Of Hiring An Agent When Buying New Construction

We'd love it if you'd LIKE this video, and SUBSCRIBE to our channel! Thanks!

When building a house, the builder is not necessarily on your side. I know that’s a strange thing to think about, but it’s true.

The builder and their representatives are there to make sure THEY make as much money as possible, and so, even when building, it can really benefit a buyer to have an agent there to represent THEM. Here’s a few reasons why.

Firstly, an agent experienced in new home construction will have a good idea of the best home builders in your area. They’ll help you compare warranties, workmanship, and track records for resolving issues that tend to vary from builder to builder. Additionally, an experienced agent can let you know the best time to reach out and start the process of building. Believe it or not, many big builders are publicly traded companies, and thus have profitability expectations from their shareholders. Knowing this, it’s possible to time your purchase to provide extra benefits or even a better price.

Second, a Realtor can stand up on your behalf. If you go straight to the builder without an agent, you’ll be letting the builder’s agent represent you. This agent’s job is to make the builder money and get you to upgrade as much as possible. If you have no experience building a home, you may not know what is normal and what isn’t, opening you up to the risk of being taken advantage of. Additionally, since an agent specializing in new construction goes in representing YOU, they can actually negotiate on your behalf. When you’re looking at homes to build and their subsequent prices, you’re almost always seeing a base price with little to no upgrades. But the major benefit of new construction is undoubtedly the customization opportunities to the home. So if you really want that customization but also want to get the best price possible, you should really think about having someone in your corner, advocating for YOU.

And finally, an agent can help you with home inspections and contract contingencies. It’s pretty common knowledge that you should always get home inspections when purchasing a pre-built home, but they are equally important when building a home as well. New homes are complicated structures and the people that build them are human and capable of making mistakes or skipping steps to save time or money. The last thing you want to deal with after moving into your brand new home is a pricy foundation repair or electrical rewiring that needs to be done. It’s important to remember that, if you choose to have a real estate agent represent you during the building process, you need to be represented from the very beginning before even stepping foot in the builder’s office. Builders usually will not allow agents to step in after the process has already started, so your first step should be contacting a trusted agent.

#realestate #homeownership #realestatetips #realtor #elkgroverealtor #buyingahome #sacramentorealestate #realestateagent #househunting #newhome #newbuild

3 Things Most First Time Homebuyers Don’t Know

info@modeanddurham.com (Lori Mode) — Tue, 17 Oct 2023 17:38:22 GMT

3 Things Most First Time Homebuyers Don’t Know

We'd love it if you'd LIKE this video, and SUBSCRIBE to our channel!

There are three very important things that many first time homebuyers don't know about purchasing a home. Unless you have ever had the opportunity to purchase real estate, you might not even think of these questions! As your realtor, we are here to help guide you through the entire process, and explain things like this!

#realestate #realestateagent #firsttimehomebuyers

Mortgage Rates Over The Years

info@modeanddurham.com (Lori Mode) — Fri, 29 Sep 2023 16:52:59 GMT

Mortgage Rates Over The Years

We'd love for you to LIKE this video, and SUBSCRIBE to our channel!

Although mortgage rates go up and down over the years, buying a home is always a good investment. While we will continue to see rates go up and down over the next 50 years, you will always need a place to live and home value growth is what helps homeowners find stability, contentment and a sense of accomplishment.

If you are ready to buy a home, let's talk. If rates decrease, you can refinance to the lower rate! Subscribe to our channel for more information on the current market and to get more real estate advice!

#mortgagerates #homeownership #buyingahome #rates #elkgroverealtor #elkgroverealestate

Why It’s A Good Time To Sell Your Rental

info@modeanddurham.com (Lori Mode) — Wed, 27 Sep 2023 16:36:39 GMT

Why It’s A Good Time To Sell Your Rental

If you own a couple of houses as investments and think you’re pretty money-savvy, here’s what I’ll tell you.

Especially in recent years, you’ve had a fantastic run. But if you don’t wanna deal with maintaining multiple homes anymore, or your priorities are shifting right now, it may be a good time to sell. Here’s why.

The last few years have been record-breaking in a lot of ways, especially for inventory, home prices, and equity. For starters, the supply of homes for sale hit rock bottom. And when supply’s that low, what happens to home prices? They go through the roof. That’s why equity is way up too.

If you’re ready for a change, the last few years put you in a great spot to cash out so you can fund your next adventure. Whether you’re looking to start a business, take the trip of a lifetime, give your retirement a boost, or just have more free time to spend with your loved ones, this could be your ticket to make it happen.

Ready to think about your next steps? Talk to a financial advisor, then let’s chat about our local market.

We'd love it if you'd LIKE this video, and SUBSCRIBE to our channel!

#realestate #realestatetips #homeownership #realtor #sacramentorealestate #investmentproperty #rentalproperty #sellingyourhome

What Experts Think About Future Home Prices

info@modeanddurham.com (Lori Mode) — Tue, 26 Sep 2023 17:33:55 GMT

What Experts Think About Future Home Prices

Buyers need to know how future home price growth could impact their investment. What do the experts think? Hear what over 100 experts say.

If home prices continue to rise, it gives your net worth a big boost! Invest in real estate now, and watch your wealth grow over the next 5 years!

We'd love if you'd LIKE this video, and SUBSCRIBE to our channel!

#homeownership #equity #wealthbuilding #investment #realestate #buyahome #investinrealestate #elkgroverealtor #sacramentorealtor

Our Marketing Plan For Your Home

info@modeanddurham.com (Lori Mode) — Mon, 25 Sep 2023 18:42:40 GMT

Our Marketing Plan For Your Home

Of course we cover the basics, like putting your home in Metrolist, hosting an open house, and even bringing in a stager to help spruce things up before the professional photographer comes in. But we go above and beyond that to get your home sold for top dollar!

This is just some of our marketing planned to get your home sold for top dollar. Take a look at the video and then give us a call to find out everything we do to market your home.

We'd love it if you'd LIKE this video, and SUBSCRIBE to our channel!

#realestate #realestatetips #homeownership #realtor #elkgroverealtor #realestateagent #sacramentorealestate #sellingyourhome #marketingplan

Are We Headed For Another Crash?

info@modeanddurham.com (Lori Mode) — Mon, 25 Sep 2023 18:34:58 GMT

Are We Headed For Another Crash?

Are we headed for another crash? That may be what you are feeling right now, but let me tell you why we are not! If you remember the housing crash of 2008, you may be worried we are headed for that again, but let's take a look at inventory now and then and see what we can learn!

We'd love it if you'd LIKE this video, and SUBSCRIBE to our channel!

#findahomeinelkgrove #allelkgrovehomes #eghomevalue #moderegroup #moderealestategroup #lorimode #realestatemadesimple #realestate #elkgroverealestate #investor #elkgrove #marketupdate #investing

Make The Right Decision For YOU!

info@modeanddurham.com (Lori Mode) — Wed, 20 Sep 2023 18:22:31 GMT

Make The Right Decision For YOU!

Are you confused about the real estate market right now?

Don’t be. We will help you make the right decision for you!

#buyingahome #firsttimehomebuyer #homefinancing #sacramentorealestate #realestateadvice #realestate #newhome #homeownership

What Type of Pre-approval Do You Need?

info@modeanddurham.com (Lori Mode) — Wed, 20 Sep 2023 18:10:02 GMT

What Type of Pre-approval Do You Need?

Hey! Do you want to go look at houses with me?? Who doesn’t, right??

It’s by far the BEST part of buying a house, and it’s one of my favorite parts of being a real estate agent!

But, in order to do the FUN thing, you need something very important first, a PREAPPROVAL. Why? Which one do you need?

Watch this short video about the first step in buying a home.

#buyingahome #firsttimehomebuyer #homefinancing #sacramentorealestate #realestateadvice #realestate #newhome #homeownership

Are You Going Through These 5 Life Changes?

info@modeanddurham.com (Lori Mode) — Mon, 18 Sep 2023 18:38:06 GMT

Are You Going Through These 5 Life Changes?

Your life is changing and... maybe so should your home!

Here are the TOP 5 life changes that usually mean it's time for a new address.

First on the list, expanding the family. Whether it's a new baby or blending families, when you need more rooms, it's time to consider moving! Career change. Got a new job or relocating for work? Maybe your daily commute is changing, your city is changing... or you will now be working more or less frequently from home. It’s worth finding a home that has the right amenities (like a home office space) or a more convenient location that suits your needs.

Empty Nesters! Kids off to college? It may be time to downsize or opt for that condo you've been eyeing in the city. Retirement! Freedom from the 9-5 often means a new chapter in a new community. Maybe it's beachside or maybe it's abroad. An active adult community could also be the right solution for you. Either way, you may want to find the right space for aging in place and simplifying your life.

Lastly, financial shifts. Whether you're upscaling due to a promotion or need to downsize for budget reasons, your home needs to fit your wallet. Life never stands still and neither should you.

If you're facing any of these life changes, let's find a home that fits your new needs!

#realestate #realestatetips #realtor #homeownership #househunting #realestateagent #sacramentorealestate #sellingyourhome #buyingahome #elkgroverealtor

Inexpensive Upgrades To Make To Your Home

info@modeanddurham.com (Lori Mode) — Mon, 18 Sep 2023 17:29:04 GMT

Inexpensive Upgrades To Make To Your Home

Small, but mighty! That’s what we’re going to talk about today!

Most people focus on major upgrades to their home when they want to spruce it up. But we’re not talking about kitchen remodels or new decks today.

Let’s talk about small, inexpensive ways you can breathe new life into your house!

1: Swap out fixtures in your kitchen and bathrooms . Things like cabinet door pulls, shower heads, and faucets are all instant tells of how old your house is. Switching out things that you commonly touch in your house will give you, or the person looking to buy, the feeling that the entire house is newer and more updated than it actually is.

2 : In addition to the fixtures, swap out old light switches and sockets . Nothing screams ‘old house’ more than old or mismatched light switches and sockets. Spend a few extra dollars on the rocker switches to give each room a more modern look upon entry!

3: Paint! Everything! But especially kitchen cabinets. It’s a job that takes extra care and finesse, but if you’re up to the challenge, painting your kitchen cabinets can completely change the look of your kitchen. That with the fixture changes will make your kitchen look brand new!

4: Upgrade some of your lighting . Adding under cabinet LED lighting is an EASY DIY project that is not only functional, but will make your kitchen look more expensive than it actually is! Also consider replacing larger, bulky stock fixtures with fixtures that are lower profile to add a modern touch to those parts of your home.

5: Power wash your exterior . Power washing your vinyl or brick exterior, patios, sidewalks, and driveways can seriously make your house look brand new. Most of the time you don’t even know how dirty things get since it happens so gradually. Easy, cheap, and effective.

You don’t always need to go big. If you’d like help with any of these small upgrades, shoot me a message and I can connect you with a professional that I personally recommend!

#realestate #realestatetips #homeownership #elkgroverealtor #homeimprovement #homeimprovementideas #sellingyourhome #homeupgrades #homesweethome

The 4 Common Types Of Home Loans

info@modeanddurham.com (Lori Mode) — Thu, 14 Sep 2023 18:09:27 GMT

The 4 Common Types Of Home Loans

Choosing a home to buy is only half the battle. You still have to pay for it! While that’s an obvious statement, the way you pay for your new home is just as, if not MORE important than any other step in the process. And just like the options you get when you’re house shopping, you also have options when it comes to loans.

Here are the 4 most common types of home loans.

#1 A fixed rate mortgage, or conventional home loan This is the most common type of home loan you’ll find. Around 90% of buyers will choose a fixed-rate mortgage, usually at a 30 year term. Fixed rate mortgages benefit from, you guessed it, a fixed interest rate over the life of the loan. Meaning you can lock in a good rate and keep it until the loan is paid off. You can also find 20 and 15 year terms for fixed rate mortgages, but you will end up with a higher monthly payment the shorter the term is.

#2 An adjustable rate mortgage, or ARM Which is exactly what it sounds like. It’s a mortgage that has an interest rate that changes over time. Your initial rate is usually dubbed a “teaser” rate, since it’s seductively low in the beginning, but will always rise above fixed rates if held long enough. ARMs are usually only advantageous when the homeowner plans to move within a short period of time.

#3 Jumbo Loan Jumbo mortgages are loans that exceed the amounts set annually by the Federal Housing Finance Agency. You need a jumbo loan if the property you want to buy exceeds $548k in 2021. Jumbo loans can also come with other fees and requirements since the borrowed amount is so high.

And finally, #4, an FHA Loan. Which is a loan that is guaranteed by the Federal Housing Administration and issued by a government-approved lender. They are designed to help low to moderate income borrowers, and allow down payments as low as 3.5% To qualify, you need to have a debt-to-income ratio of 50% or less. The FHA also requires borrowers to pay for mortgage insurance to protect the lender in case of default.

This is not an exhaustive list of available loans, but they ARE some of the most popular. And remember, if you’re looking to buy or sell, your first step is getting preapproved. Its a simple process and I have a list of trusted lenders that have great rates. Shoot me a message if you have any questions!

#realestate #firsttimehomebuyer #newhome #buyingahome #mortgage #fhamortgage

How I Use Video To Get More Offers On Your Home

info@modeanddurham.com (Lori Mode) — Wed, 13 Sep 2023 16:50:55 GMT

How I Use Video To Get More Offers On Your Home

I’m a real estate agent and I make videos. And you’re probably like, “I know, but who cares?” Here’s why you should care. Because I make videos, I can get you more offers on your home.

Generally speaking, because I make video content, I have a larger audience that consumes the content I put out. Some of that content is about the houses that I sell: larger audience, more potential buyers, more offers.

Also, I regularly create listing videos that are professionally done by a videographer. So your house will be highlighted not only in professional photos but in a slick video walkthrough as well.

Also, I’m happy to offer 1-on-1 showings through video. If a prospective buyer wants to see the house but can’t make it in person, we can jump on a video call and I can walk them through the house virtually and answer any questions they may have.

The point is, creating regular video content isn’t just about maintaining my business. It’s about holding up my fiduciary responsibility for each client and netting them the most money for their house. I regularly create video content because it provides the best outcomes for my buyers and sellers.

And, of course, I’d love to do the same for you or someone you know. Shoot me a message and I’d be happy to answer any questions you may have about buying or selling a home in this market.

#realestate #realtor #homeownership #realestatetips #househunting #elkgroverealtor #realestateagent #sacramentorealestate #sellingyourhome #realestatemarketing #realestatemarketingdoneright

Is It Time To Sell Your Rental Property?

info@modeanddurham.com (Lori Mode) — Tue, 12 Sep 2023 17:44:51 GMT

Is It Time To Sell Your Rental Property?

It’s something that is coming up more often since the pandemic hit. Owning a rental property is usually a sure-fire way to maintain a solid stream of passive income, but there are some landlords who are now having trouble maintaining that investment.

So, is it time to sell that rental property? COVID-19 created the perfect storm for some rental property owners. The pandemic ate up a lot of their profits from the property since many renters began defaulting but were protected by federal and state eviction moratoriums. This meant that many property owners still had to pay their mortgages on these homes, but were not getting the rental income they needed. Facing their own financial distress, many of these landlords are now at a crossroads with what to do with these properties. And even as eviction moratoriums end throughout the nation, they will most likely be phased out slowly, rather than all at once, meaning some renters may continue to benefit from eviction protection after the moratorium has officially ended. And once protected tenants do leave a property, landlords may still be on the hook for their missed rent payments for some time.

For some property owners, the easiest way out of this situation may be to sell. And in terms of selling, now is still a great time! Home inventories are still historically low and properties priced correctly are still being gobbled up in record time.

If you or someone you know owns a rental property and is looking to sell while prices are still sky-high, shoot me a message on Facebook and let’s chat!

#realestate #realtor #investmentproperty #rentalproperty #homeownership #realestatetips #realestateagent #sellingyourhome #realestatemarket #sacramentorealestate

Should You Buy a Smart Thermometer?

info@modeanddurham.com (Lori Mode) — Mon, 11 Sep 2023 18:21:56 GMT

Should You Buy A Smart Thermometer?

This is the ONE smart appliance, that I think is TOTALLY worth it! It may make your experience more complicated, but this one can save you money and benefit your life!

#realestate #buyingahome #realtor #smarthomedevice #realestatetips

An inspection BEFORE the inspection? Say YES!

info@modeanddurham.com (Lori Mode) — Mon, 11 Sep 2023 18:09:47 GMT

An inspection BEFORE the inspection? Say YES!

Want to be confident that you’ll sell your home? Here’s a hack...

Get a pre-selling home inspection. This is an inspection that you get, as the owner of your home, before you put it up on the market. It gives you an insight into any potential pitfalls down the road as you begin negotiating with buyers.

There are, of course, some pros and cons to this. The pros? Well, #1, you get a really good idea of what the buyer’s inspection is going to look like. This means you can get potential repairs done on your house before you even put it up for sale, making the house look much more attractive when it comes to negotiate. Additionally, we have a better idea of how to price your home based any potential issues the inspection encounters.

The cons? Well, mainly the cost. The seller needs to front this cost, unlike the buyer’s inspection which is, of course, paid by the buyer. However, if you’d like to save some cash you can ask for only specific areas of the home to be inspected, like the roof or HVAC.

Personally I think the pros outweigh the cons on this one. I like going into the selling process knowing ALL the cards, rather than just my hand.

Follow me for more real estate tips!

#realestate #homeinspection #homeownership #househunting #sellingahome #tealestateadvice #househack

Which city is the easiest on your retirement?

info@modeanddurham.com (Lori Mode) — Mon, 11 Sep 2023 18:00:34 GMT

Which city is the easiest on your retirement?

Will your city RUIN your retirement?

With inflation on the rise, those dollars you’ve saved in your retirement account don’t go as far anymore. This is especially true if you live in certain parts of the country. So let’s look at 4 cities where your retirement savings can stretch farther.

First on the list at number 4 is Tampa, Florida. It’s no surprise that 3 of the 4 cities on this list are in Florida, with it’s balmy weather and retirement-friendly tax structure. Tampa is a standout by providing affordable housing near the city center, giving residents all the amenities from a metropolitan city without the high cost that usually follows.

Number three on this list is Pensacola, Florida. Pensacola is known as a popular but affordable retirement spot, with ample retirement communities and tons of activities. Being on the Florida panhandle gives retirees easier access to the rest of the country, while still maintaining those mild Florida winters.

Coming in at number two, we have Lancaster, Pennsylvania. Lancaster boasts great senior healthcare facilities, low rent and mortgage costs, and a diverse and growing restaurant scene.

And finally, number one is Port St. Lucie, Florida. Located on Florida’s Atlantic coast, with its sunny beaches, golf courses, low cost of living, low taxes, and happy residents, it's no surprise that so many retirees flock to this part of the Sunshine State.

Follow me for more real estate tips!

#realestate #retirement #retirementplanning #investment #money #financialfreedom #financialplanning #seniorliving #floridarealestate #finance #wealth #buyingahome #wealthbuilding

What is the purpose of the final walk through?

info@modeanddurham.com (Lori Mode) — Fri, 08 Sep 2023 18:22:02 GMT

What is the purpose of the final walk through?

THE FINAL WALK-THROUGH IS USUALLY THE FIRST TIME YOU GET TO SEE JUST THE HOUSE YOU’RE PURCHASING, WITHOUT ALL THE FURNITURE AND DECORATIONS IN THE WAY … and it has the potential to save you $$$.

FOR MORE INFORMATION ON YOUR FINAL WALK-THROUGH, CHECK OUT THE VIDEO NOW.

This is Day 4 of the #30dayrealestatesocialmediachallenge. This post is a home buyer tip! For more real estate tips for buyers and sellers, subscribe to my YouTube channel !

#buyingahome #firsttimebuyer #finalwalkthrough #realestate #realtor #househunting #elkgroverealestate #homebuyertips #homesweethome #sacramentohomes

What NOT To Say During a Home Showing

info@modeanddurham.com (Lori Mode) — Thu, 07 Sep 2023 17:15:25 GMT

What to Say and Not Say During a Home Showing

They’re watching! Yes, did you know that you are sometimes RECORDED when you walk through a home showing? It’s true! It's essential to strike the right balance between expressing your opinions and keeping your cards close to your chest. Let’s talk through the tips:

1.Be mindful of your surroundings and be cautious about what you say. Avoid discussing your financial situation, negotiation strategies, or any personal information that could be used against you.

2.Keep it positive: While it's okay to comment on the home's features, try not to be overly critical. You never know if the homeowner is listening in, and you don't want to offend them which could be detrimental to a future negotiation.

3.Ask questions, but don't overshare: Feel free to ask your agent questions about the property while in the property, but avoid revealing too much about your motivations or eagerness to buy. Try to keep things mellow.

4.Save the in-depth analysis for later: After the showing, you can discuss your candid thoughts in a more private setting. This way, you can thoroughly evaluate the home without the risk of being overheard.

If you’re like me, you LOVE seeing the inside of other people’s homes, especially if you’re in the market to buy one, so it’s hard to keep a lid on things while you’re there! Just keep your comments, enthusiasm, and especially criticism to a minimum while in the house to avoid any potential pitfalls later down the road. Follow me for more real estate tips!

#realestate #realestateagent #home #property #forsale #homesecurity #surveillance #smarthome #technology #safety #securitycameras #camera #househunting #dreamhome #newhome #sacramentohomesforsale #elkgrovehomesforsale

Can You Trust a Zestimate?

info@modeanddurham.com (Lori Mode) — Tue, 05 Sep 2023 17:35:57 GMT

Can You Trust a Zestimate?

Can you trust a Zestimate?

We’ve all seen the Zestimate. It’s Zillow’s estimation of your home’s worth. You can look your home up on Zillow and see this number right now! But is it even accurate? Can you trust it, especially in a market as volatile as this?

Zillow gets that estimation from an algorithm it’s developed that looks at many factors, including the recent sale of homes in your area. And, to be honest, it’s gotten a LOT better over the last few years, mainly as Zillow has amassed more and more data points on homes in every city.

But the reality is that Zillow’s estimation of your home’s worth is only as good as the data it has. Yes, Zillow knows what other homes sold for in your neighborhood. It most likely knows the square footage of your home, and how many bedrooms and bathrooms it has. But does it know that you recently updated your kitchen? Or that you just put on a new deck? Or that your roof and furnace are only 2 years old? No, of course not!

And to further complicate things, Zillow has a harder time estimating value if you live in a neighborhood with varying ages of homes. Old homes and new homes mixed together, or older homes with newer additions, confuses the algorithm and muddies the waters.

Bottom line, the BEST way to get an accurate estimate of your home’s real market value is to set up a quick appointment with a trusted real estate agent. I can take into account all the updates and work you’ve put in, and get a real snapshot of your neighborhood and the current market conditions to give you a MUCH more accurate picture of your home. Text me at 916-230-0371 or just shoot me a message here if you’d like to learn more about the REAL value of your home!

#realestate #homevalue #homeownership #sellingahome #zillow #zestimate #sacramentorealestate #elkgroverealestate

Book a FREE In Home Seller Consultation

info@modeanddurham.com (Lori Mode) — Fri, 01 Sep 2023 16:45:51 GMT

Book a FREE In Home Seller Consultation

Hey there! Have you been thinking about selling your house?

These are the first 2 steps I recommend you take, before ANYTHING else:

Number 1 - understand the current value of your house and,

Number 2 - understand what you might need to do to get your property market-ready.

If you'd like to chat about your house value and the next steps for selling, I offer free in-home consultations for homeowners who are even remotely thinking about selling. It's an easy process and there is no pressure to move forward after the consultation if you aren't ready. Here's how it works. I'll stop by your house for a short appointment, we'll talk through a Comparative Market Analysis report that I've created for you in advance, and we'll complete a quick walkthrough so I can better give you advice on your property.

No obligation here. I just want to provide you with some valuable insight.

If you're ready for this next step, let's talk. Call me at 916-230-0371. I can't wait to hear from you!

#realestate #homeownership #realestatetips #realtor #elkgroverealtor #sellingyourhouse #realestateagent #househunting #luxuryrealestate #sacramentorealestate

Overlooked Details When Selling a House

info@modeanddurham.com (Lori Mode) — Wed, 30 Aug 2023 17:30:58 GMT

Overlooked Details When Selling a House

When it comes to selling a house, getting to closing day is like getting to the finish line of a full marathon. FINALLY! You are exhausted, but feeling accomplished because of all the hard work you put in for months prior. There are plenty of BIG decisions and steps that need to be taken, but it’s the little things that often get missed. Here are a few commonly missed details when moving out of your house.

1. Switch your utilities. While this won’t get missed for long, its important to remember that you need to initiate the process of switching some utilities about 10 days before closing. If you don’t, you could potentially be without a critical service at your new house, or continue to pay for services you aren’t using at your old house.

2. Don’t leave anything behind. I’m sure the house will LOOK empty on your exit, but it’s not always the case. Don’t forget to check the fridge and freezer to ensure all food is gone, and be sure to check behind the doors in each room. Its very common for nightgowns and jackets to still be hanging behind the door since we’re not accustomed to closing the interior doors of our house when we’re moving.

3. Make sure you’ve got the right permits for your moving vehicles. If you live on a busy road with lots of street parking, you might need to check with the city to block off a few parking spaces to ensure your moving truck can park as close to your house as possible. Also, if you’re renting a POD, check with your local municipality to see if you need to apply for any special permits. Some cities or HOAs require permits for speciality moving or storage containers, even if they’re temporary.

The big stuff is easy, the devil’s in the details. It’s still a great time to sell. Shoot me a message and let’s chat about your home and how much it’s worth!

#homeownership #sellingahome #realestate #sacramentohomesforsale #househack #realestateadvice #newhome

7 Signs It's Time to Move UP

info@modeanddurham.com (Lori Mode) — Wed, 30 Aug 2023 17:17:52 GMT

7 Signs It's Time To Move UP

Sometimes your life just requires more space... Here are 7 signs it’s time to move up!

1. You catch yourself looking at real estate ads online.

2. You’re concerned about rising interest rates and don't want to feel locked into your current home because of them.

3. Another house in your neighborhood just sold for the amount you'd be willing to take for your own house.

4. You’re sick and tired of kids fighting over shared spaces!

5. You’re questioning whether your kids are in the best school district or not.

6. You look at your house and see multiple areas that you’d like to be fully remodeled. Sometimes, finding a new house that fits your needs is simply easier!

7. You're fully out of storage space... and buying fun furniture pieces with built-in storage is not just gonna cut it anymore.

Even with the market shifting, moving up can still be an attractive option if you need more space. It all depends on your specific situation. Let’s chat if you need help dialing in yours!

#buyingahome #realestate #moving #newhome #realestateadvice #realtor #storageproblem

The 3 Most Expensive Counties in the US

info@modeanddurham.com (Lori Mode) — Tue, 29 Aug 2023 16:31:36 GMT

The 3 Most Expensive Counties in the US

Here are the 3 most expensive counties in the US. #1 was actually kind of surprising!

#homeownership #buyingahome #luxurylifestyle #luxuryrealestate #sellingahome #realestate #realtor

How Prop 19 Affects California Homeowners

info@modeanddurham.com (Lori Mode) — Tue, 29 Aug 2023 16:20:51 GMT

How Prop 19 Affects California Homeowners

If you’re age 55 or older, I have some exciting news regarding Prop 19 to share with you today. As of April 1, 2021, you’ll be able to move from one county to the next and take your property tax basis with you. Additionally, you can now do it three times instead of the previous limit of once. To find out all the details, watch this short video.

#realestate #propertytaxes #prop19 #sellingyourhome #californiahomeowners

The Secret to Financial Stability

info@modeanddurham.com (Lori Mode) — Fri, 25 Aug 2023 17:39:40 GMT

The Secret to Financial Stability

Do you want to know the secret to financial stability?

#realestate #firsttimehomebuyers #buyingahome #realestateadvice #elkgrovehomesforsale

#financialstability #wealth

Why your first home matters

info@modeanddurham.com (Lori Mode) — Fri, 25 Aug 2023 16:50:00 GMT

Why Your First Home Matters

Just what does buying your first home mean?

#realestate #firsttimehomebuyers #buyingahome #realestateadvice #elkgrovehomesforsale

What Happens When Your Appraisal Comes in Low

info@modeanddurham.com (Lori Mode) — Thu, 24 Aug 2023 18:40:14 GMT

What Happens When Your Appraisal Comes in Low

Navigating a Hot Market: What to Do When Home Appraisals Come in Low

Greetings! It's Lori Mode here, delving deep into a burgeoning issue that sellers in our red-hot market face: what transpires when a home appraisal comes in lower than the selling price?

The Appraisal Gap Conundrum

Picture this: your house is on the market for $450,000. Given the current state of the market, you quickly receive multiple offers, pushing your home's price to a tantalizing $480,000. However, a snag occurs. The bank's loan is tethered to the home's appraised value. An appraiser values your home at $465,000, creating a $15,000 difference.

Navigatig the Gap: Options at Han

Buyer Covers the Difference : The buyer might decide to foot the extra $15,000.

Seller Reduces the Price : You, the seller, can revise the price to the appraised value, meaning dropping it to $465,000.

Meeting Halfway : You can split the difference. If both parties contribute $7,500, the final selling price would be around $472,500.

Deal Termination : If neither party can or wants to cover the gap, the deal may fall apart.

To fortify the selling process, it's crucial to choose an offer likely to close successfully. This might mean prioritizing buyers who are ready to pay above the appraised value, or those who have a reputable lender.

Preemptive Measures for Sellers

An essential part of my strategy is engaging directly with appraisers. Meeting them with vital data—comparables, a detailed list of the house's upgrades, and even the nuances of the bidding history—can influence a more favorable appraisal. But even with these precautions, the outcome can be unpredictable. Multiple appraisers can yield varying results.

In rare circumstances, if an appraisal feels off, it's possible to contest it. However, chances of overturning the initial assessment are slim.

Need Expert Advice?

Still pondering about the home selling process, or contemplating putting your house on the market during this period of low inventory? I'm here to assist and guide. You can reach me directly at (916) 230-0371.

Do you have further queries or insights? Please share them below. Until our next interaction, prioritize safety and make informed decisions. We'll chat soon.

#realestate #investor #homeappraisal #homebuying #moderegroup #realestateadvice #buyingahome #sellingahome #elkgroverealestate #elkgroverealtor #realtor #firsttimehomebuyer

Q: Why Buy New Construction (And Hire an Agent to Do So)?

info@modeanddurham.com (Lori Mode) — Thu, 24 Aug 2023 18:02:42 GMT

Q: Why Buy New Construction (And Hire an Agent to Do So)?

Hi guys. It's Lori Mode with the Mode Real Estate Group at Keller Williams Realty, and today I wanted to

talk to you about new construction and why you might choose new construction and then why you

would want to be represented on new construction.

So first, why would you choose new construction? Well, one, some people just like new homes and the

second reason is inventory right now is so low across the nation. But really here in Elk Grove and

Sacramento County inventory has been so low for so long. Builders are building more homes. So new

construction might be an option and it might be an option that you've thought about.

If you're thinking about it, you do want to be represented and here's why you want to be represented by

a real estate agent, your own agent. So the salespeople in the office are very, very nice, very good, and

they don't represent you. They represent the builder. They're not allowed to represent you. They're

going to be very nice to you and they are going to help you as much as possible. However, they

represent the builder. The builders build into their base price our commission, you don't pay our

commission. So you can forget that. You don't have to worry about paying our commission. You can get

rid of that thought.

So we represent you and what that means is we're watching out for your best interest. So we are

making sure you get your builder incentives. We are making sure that you're paying the correct closing

cost. When it gets down to escrow sometimes closing costs are different than what was in the contract.

We make sure that that's not the case. I've actually found, one time on new construction I found $2,500

that my was put on my buye's closing cost sheet that the buyer would've paid if it hadn't been for me

catching it. So we catch things like that.

We also go to the design center with you. So I have seen buyers go into the design center and spend

$50,000. Builders have a standard package. We know what those are. We're going to make sure that you

know what those are. Then you go into the design center and you choose, do you want upgraded

granite countertops? Do you want upgraded flooring, upgraded lighting, all sorts of choices, and it gets

to be mind-boggling and everything looks really pretty and you want to spend money and that's great.

Well, we know what is going to be best for you as far as picking those upgrades. So we know if the

flooring is out of line. I've seen flooring be very, very high. I've seen other things that the builders

include in the design center, very cost-effective for you. So I know those things. So I'm going to help you

through that process. Help you not overspend in the design center.

We're going to make sure you get your builder incentives. So builders generally offer an incentive for

you using their lender. So is that beneficial to you? Sometimes yes, sometimes no. So we're going to

compare the lender that you're working with right now to what the builder is and make sure of what

the best option is for you.

And then we're going to go through the walkthrough. There's all sorts of different walkthroughs. We're

going to walk you through all those steps. This could be a three to six month process for you.

We're going to be there every step of the way, and in the end, we're going to celebrate with you when we get

to give you your keys.

But the most important thing is we have a fiduciary responsibility to our buyers to make sure that you

are represented, that you are paying what you're supposed to pay, that we are going by the contract. So

keep that in mind, doesn't cost you anything. If you are thinking about new construction, if you have a

home to sell in order to get into that new construction, we talk about that and timeframes for that too.

So if new construction is something you have been thinking about, give us a call. Number is here on your

screen somewhere. And until next time, stay safe, be happy. Call me if you have any questions.

Bye, guys!

#realestateadvice #buyingahome #sellingahome #elkgroverealestate #elkgroverealtor #realtor #firsttimehomebuyer #newhomebuyer #newhomebuying

Why your lender is so important

info@modeanddurham.com (Lori Mode) — Thu, 17 Aug 2023 16:01:44 GMT

The Importance of a Good Lender in Real Estate

This just happened and it probably was preventable, if the buyer had chosen a better lender. Your lender can make a big difference and rather you close escrow on your new home or not. Hear more about this, in the short video and if you have any questions, please message or call me.

Considerations for Predicting the Market

info@modeanddurham.com (Lori Mode) — Thu, 17 Aug 2023 15:56:08 GMT

Are you trying to time the market?

Can You Really Time the Real Estate Market? Insights and Tips

Is it feasible to time your entrance and exit in the real estate market accurately? This question often lingers in the minds of both prospective buyers and sellers. While most people base their decisions to buy or sell properties on pivotal life events, such as a growing family or shifts in financial circumstances, the art and science of market timing are frequently overlooked. Today, let's delve into what this really means and some crucial factors you should consider when shaping your real estate strategies.

1. Every Market is Unique: Local Trends Matter

It's a common narrative these days to hear that the real estate market is booming, with multitudes of eager buyers and properties receiving multiple offers. However, it's essential to understand that this isn’t a universal truth. For instance, in Elk Grove, the market is undoubtedly in favor of sellers, with many receiving offers exceeding their listing prices. But this level of activity and enthusiasm isn't consistent everywhere. So, before making any decisions, it's wise to connect with a real estate expert who can offer insights specific to your region.

2. The Role of Interest Rates: Current Trends and Implications

Interest rates have historically shown a propensity to ebb and flow. Presently, we're witnessing an upward trajectory. The Federal Reserve has signaled its intentions to hike interest rates multiple times in 2023. But what implications does this have for you?

For Buyers: Higher interest rates could dampen your purchasing power. If you've been considering buying, it may be prudent to expedite your decision before rates climb further.
For Sellers: As rates ascend, potential buyers might get sidelined, leading to a reduced pool of interested parties. If you're on the fence about listing your property, understanding these dynamics can be crucial for timing your move optimally.

In conclusion, while life events will always play a predominant role in real estate decisions, understanding the intricacies of market timing can provide a significant edge. No matter your real estate aspirations, acquiring the right knowledge will always empower you to make more informed and strategic choices.

#realestateadvice #buyingahome #sellingahome #elkgroverealestate #elkgroverealtor #realtor #firsttimehomebuyer

info@modeanddurham.com (Lori Mode) — Tue, 15 Aug 2023 18:25:01 GMT

Real Estate Investing in Sacramento

Sacramento is often overshadowed by our more renowned neighbors like San Francisco and Los Angeles. However, for savvy real estate investors, Sacramento offers a unique blend of opportunities that make it a compelling market.

Search Sacramento Homes for Sale

Sell My Sacramento Home

Affordability in Comparison to Other California Cities : Sacramento offers a more affordable entry point into the California real estate market compared to other major cities. With the high prices in the Bay Area and Southern California, many investors and homeowners alike are looking to the state's capital for more reasonably priced opportunities.

Population Growth : The affordability and proximity to major job hubs in the Bay Area have led to a population influx in recent years. With this population growth, demand for housing, both rental and owned, has been on a steady rise, creating opportunities for investors.

Economic Diversification : Sacramento's economy is diverse, with significant sectors including government, healthcare, education, and increasingly, tech. This diverse economic base provides stability and resilience against economic downturns.

Infrastructure and Development : Sacramento has been at the center of various infrastructure and developmental projects. The Golden 1 Center, for instance, brought a wave of development and revitalization to the downtown area, making it an increasingly attractive locale for young professionals and businesses.

Rental Demand : With the increasing population and a steady stream of government and private sector employees, the rental market in Sacramento remains robust. This is beneficial for investors looking to enter the rental property market.

Appreciation Potential : Due to the factors mentioned above, Sacramento has experienced a steady appreciation in real estate prices. While past performance is no guarantee of future results, the consistent growth, coupled with the city's growth plans, makes it a promising location for long-term investment.

Diverse Property Options : From historic homes in Midtown to new developments in Natomas, Sacramento offers a diverse range of properties. Whether you’re looking for multi-family units, single-family homes, or commercial properties, there's something for every investor.

Proximity to Major Californian Destinations : Sacramento’s location is strategic. It's just a couple of hours away from the Bay Area, Lake Tahoe, and Napa Valley. This makes it a central hub and an attractive location for those who want accessibility to these major destinations without the high living costs.

A Growing Tech Hub : As the Bay Area becomes saturated and pricey, tech companies and startups are looking for new hubs. Sacramento, with its affordability and proximity to Silicon Valley, is becoming an attractive alternative. This transition ensures a steady influx of young professionals looking for housing.

Real estate investment is as much about understanding market dynamics as it is about bricks and mortar. Sacramento presents a blend of growth, stability, and potential that makes it stand out in the Californian real estate scene. As always, potential investors should do their due diligence, but with the points highlighted above, Sacramento surely presents a compelling case for investing in real estate!

info@modeanddurham.com (Lori Mode) — Thu, 10 Aug 2023 18:10:00 GMT

Home Owners Insurance in California

Some advice on insurance in California

#realestate #buyingahome #homeownership #realestatetips #realtor #californiainsurance #elkgroverealtor #househunting #insurancetips

info@modeanddurham.com (Lori Mode) — Thu, 10 Aug 2023 18:02:06 GMT

Solar & Real Estate Sales - What NOT to do!

Solar can cause a whole new layer of confusion to a real estate transaction. Check out what recently happened on one of our transactions that was about to close! This was terrible! Our poor buyers! #realestate #buyingahome #homeownership #realestatetips #realtor #californiainsurance #elkgroverealtor #househunting #insurancetips

Should I Buy a Fixer-Upper?

info@modeanddurham.com (Lori Mode) — Thu, 10 Aug 2023 17:46:33 GMT

Should You Buy a Fixer-Upper?

How do you feel about repairing "this old house"?

info@modeanddurham.com (Lori Mode) — Mon, 17 Jul 2023 18:53:01 GMT

Benefits of Buying a Home With a Pool

Buying a home with a pool can be a great decision for several reasons. Here are some compelling reasons to consider:

SEE ALL HOMES IN ELK GROVE FOR SALE WITH A POOL

Personal Comfort: A pool offers a convenient and refreshing way to cool off during hot summer days. After experiencing a heatwave, having a private pool can provide immediate relief from the sweltering temperatures and allow you to enjoy outdoor activities without feeling overheated.
Health and Wellness : Swimming is an excellent form of exercise that engages multiple muscle groups and provides cardiovascular benefits. Owning a pool gives you the opportunity to incorporate swimming into your fitness routine, promoting a healthier lifestyle and overall well-being.
Entertainment and Recreation : A pool can become a central hub for socializing and hosting gatherings. After a heatwave, people often seek opportunities to spend time outdoors and enjoy the company of family and friends. A pool can provide a fun and inviting setting for barbecues, pool parties, or simply relaxing by the water.
Increased Property Value : Homes with pools tend to have higher market value and may attract a broader range of potential buyers. Installing a pool after a heatwave allows you to take advantage of the increased demand for properties with pool amenities, potentially enhancing the resale value of your home in the future.
Aesthetics and Ambiance: A well-designed pool can add a touch of elegance and tranquility to your property. The sight and sound of water can create a soothing ambiance, making your backyard feel like a private oasis. This can contribute to a sense of relaxation and improve the overall aesthetics of your outdoor space.
Family-Friendly Features: If you have children or plan to start a family, a pool can be a great asset. Kids often enjoy swimming and playing in the water, providing them with a source of entertainment and physical activity right at home. It can also serve as a bonding space for the family, creating lasting memories and quality time together.
Staycation Option: Investing in a pool offers the advantage of a "staycation" option. After a heatwave, travel plans may be disrupted, or you may prefer to avoid crowded public spaces. With a pool in your backyard, you can enjoy a vacation-like experience without leaving home, saving both time and money.

Remember that owning a pool also comes with responsibilities such as maintenance, safety precautions, and additional costs. Be sure to factor in these considerations when making your decision, and consult with professionals to ensure you have a clear understanding of the associated requirements.

How to Personalize Your Home Decor

info@modeanddurham.com (Lori Mode) — Tue, 09 May 2023 19:09:39 GMT

How to Personalize Your Home

Tips for New Home Buyers

Tue, 09 May 2023 17:34:09 GMT

Tips for New Home Buyers

4 Tips for Moving

info@modeanddurham.com (Lori Mode) — Tue, 09 May 2023 16:36:56 GMT

4 Tips for Moving

Before you can start the packing and moving process - we will help you find the home of your dreams! Call today to get started or start by searching homes on our website now!

Why Hire The Mode Real Estate Group

info@modeanddurham.com (Lori Mode) — Thu, 27 Apr 2023 18:49:08 GMT

Why You Should Hire The Mode Real Estate Group

One of the things that sets The Mode Real Estate Group apart from other real estate teams is its focus on collaboration and teamwork. The company fosters a culture of openness and transparency, and its agents work closely together to ensure that every client receives the best possible service.

Today, Mode Real Estate Group is one of the most respected and successful real estate groups in the industry. Its agents are known for their expertise, their professionalism, and their commitment to helping clients achieve their real estate goals. The company's future is bright, and it is poised to continue growing and thriving for many years to come.

Local expertise : Mode Real Estate Group is a real estate group based in Elk Grove, CA, for over. 35 years, which means they have extensive knowledge of the local real estate market. This can be particularly valuable for sellers who are looking for insights on pricing, marketing, and negotiating in the area.

Marketing and advertising : Mode Real Estate Group can help sellers market and advertise their property to potential buyers. They may have access to marketing channels that individual sellers do not, such as social media, email lists, and online real estate portals.

Negotiation skills: Selling a home can be a complex process that requires negotiating with potential buyers, agents, and lenders. Mode Real Estate Group can help sellers navigate these negotiations and secure the best possible deal.

Time and convenience : Selling a home can be time-consuming, especially if the seller is also managing other responsibilities like work and family. Mode Real Estate Group can take on many of the tasks associated with selling a home, such as scheduling showings and coordinating with potential buyers, which can save sellers time and hassle.

Using a local real estate agent can provide several benefits, including:

In-depth knowledge of the local market : A local real estate agent has a better understanding of the local market, including the pricing trends, the inventory of homes for sale, and the demand for properties in specific neighborhoods.
Access to off-market properties : Local agents may have access to off-market properties that are not listed on public real estate websites. This gives you a better chance of finding the right property for your needs.
Personalized service : A local agent can provide personalized service and attention to your specific needs, guiding you through the entire process of buying or selling a property.
Negotiation skills : Local agents have experience negotiating real estate deals in the local market. They can help you get the best price for your property or find a property that fits your budget.
Support through the entire process: A local agent can provide support through the entire buying or selling process, including recommending trusted service providers such as home inspectors, mortgage lenders, and title companies.
Access to local resources : Local agents have a network of contacts, including other agents, appraisers, and attorneys, which can be beneficial in completing real estate transactions.

Overall, using a local real estate agent can provide several benefits, including their knowledge of the local market, personalized service, negotiation skills, and access to local resources.

Get Your Current Home Value

Search Homes For Sale

Elk Grove Wineries

info@modeanddurham.com (Lori Mode) — Wed, 26 Apr 2023 19:28:42 GMT

Elk Grove Wineries

You may have heard that we live in one of the best wine growing regions in the United States, and Elk Grove is coming of age and more wineries are opening! Elk Grove is located in Sacramento County, California, and there are several wineries in the surrounding area. Some of the wineries in and around Elk Grove include:

McConnell Estates Winery
Laguna Creek Cellars
Casque Wines
Wags and Wine Vineyards
Frasinetti Winery
Miner's Leap Winery
Carvalho Family Winery
Heringer Estates
Three Wine Company
Scribner Bend Vineyards
Bogle Vineyards
Julietta Winery
Elevation Ten Winery
Old Sugar Mill Wineries
Clarksburg Wine Company
The Hidden Vineyard
Perry Creek Winery
Boeger Winery

These are just a few of the wineries near Elk Grove. There are many more in the surrounding area, such as Lodi and Amador County, so if you're interested in visiting some wineries, it's worth exploring the region to see what's available.

Elk Grove Wineries

McConnell Estates Winery - For five generations, the Wackman Family, owners of McConnell Estates Winery, have been farming the land just north of the Cosumnes River along Highway 99 in Elk Grove where sustainability is not just something we talk about - it’s a way of life.

They host an array of different events all year long - visit the website for all the details!

Adkins Family Vineyards is a producer located in Sacramento, California, USA, with 21 products listed on wine-searcher.com, which include Viognier, Cabernet Sauvignon, Zinfandel, White Blend, Chardonnay and Petit Verdot. Located at 721 Kent Street Elk Grove Sacramento, CA, 95624

Christopher Cellars - Our focus is on producing wines that express a true sense of place, with a style that emphasizes balance, delicacy, and nuance over boldness and power. We work closely with individual Lodi growers to source the highest-quality grapes, then use a low-intervention winemaking approach to allow them to fully express themselves.

Our portfolio includes a range of varietals, including some lesser-known gems like Cinsault and Carignan, as well as more familiar grapes like Zinfandel and Chardonnay. We use French oak sparingly and only when necessary, aiming to enhance the wine's complexity without overpowering its natural flavors.

We invite you to explore our wines and taste the difference that comes from a dedication to quality, authenticity, and a sense of place. Visit us at our tasting room in Elk Grove, or browse our online shop to order your favorite wines today. Cheers!

South Slope Wines - We're located in the historic Sheldon area of Elk Grove CA. South Slope Wines is dedicated to the art of making and pouring premium artisan wines from grapes primarily sourced from the Sierra Foothills AVA. We won't however pass up the perfect grape regardless of AVA (check out our St. Helena Napa Cab Rosé below). We focus on single varietal wines so we can provide a true look at the unique characteristics of each varietal without blending out their distinctive attributes. We welcome you to visit our tasting room located at the old farmhouse in Elk Grove, CA and say hi to owners Myles McMahon and Tamara Keating and the crew!

Bradley Ranch Winery & Brewery - Bradley Ranch Winery is the host to many amazing, unique and family friendly events! From concerts to fundraisers and everything in between, we pride ourselves on being one of the most unique Winery's in California. Have a look at our upcoming events and be sure not to miss out on all the fun we have to offer!

Elk Grove Breweries

info@modeanddurham.com (Lori Mode) — Tue, 25 Apr 2023 20:16:20 GMT

Breweries in Elk Grove

Tilted Mash - Located at 9175 Union Park Way in Elk Grove, they have an assortment of beers and sours, a comedy night, and THURSDAY-SUNDAY open-8pm visit the i n house food truck La Esquina Del Caribe Azul for amazing Latin infused food. Check out the beer menu!

We are lucky to live in a city that loves beer!

Some advantages of local breweries include:

Supporting the local economy and small businesses
Providing unique and diverse beer options
Reducing carbon emissions from transportation of beer
Offering a community gathering place for events and gatherings
Promoting tourism and attracting visitors to the area
Fostering a sense of pride and identity within the community.

There are plenty of places to enjoy a beer on tap around town, but it is a special art to brew your own! These 5 breweries each offer something unique, and you should try them all!

Flatland Brewing - Owners Andrew and Michelle Mohsenzadegan opened Flatland Brewing Company in January 2016. The brewery began as a one barrel brewhouse and modest tasting room - all founded on a home brewer’s humble roots, a big dream, and a shoestring budget. The brewery quickly grew to a three barrel system, and in 2020 upgraded to a 10 barrel official brewhouse. Flatland now has the capacity to brew 2000 barrels per year.

Check out their schedule of upcoming events!

The Dust Bowl - The Old Town Tap House treats guests to Dust Bowl Brewing Company’s signature aesthetic showcasing a mix of finishes and furnishings in a stunning, historic brick building. From inside booths to outdoor couches and shared tables, seating options abound to enjoy beers in a lively, social setting. Guests are treated to two 30-tap bars, serving indoor and outdoor patrons, featuring Dust Bowl’s large portfolio of year-round and rotating specialty beers and seltzers. The Kitchen, located inside the taproom, provides a vast food menu. Corn hole games, fire pits, overhead fans, and market lights are an ideal complement to the outdoor space.

Waterman Brewing -

WE ARE ALL ABOUT SERVING FRESH, GREAT TASTING BEERS!

Waterman Brewing is located at 9824 Dino Drive, Suite 150 in Elk Grove, California. The Brewpub was founded by Jeff Stilz in 2016 and features a 10-barrel brewhouse, 50+ seat tasting room, kitchen, and a large shaded outside patio. We look forward to serving you our fresh, great tasting beers direct from the source.

Live music, trivia night, comedy night, jam night and NFL football are some of the entertainment that we offer. Full food menu offered 7 days a week. We also have local wine and hard ciders on tap.

The Bank Shot - This place is a pool bar that serves beer - so bring your game!

Elk Grove Water Parks

info@modeanddurham.com (Lori Mode) — Mon, 24 Apr 2023 18:40:56 GMT

Looking for Water Fun in Elk Grove?!

We are so lucky that in Elk Grove we have 11 water parks spread across the city! The best spot for one stop shopping is the CSD website ! They list all the parks in Elk Grove, and you can filter it to just Water Parks ! There are also rules of course! And something I found useful are the instructions on how to turn on the water!?

Have you heard we have a water park with a lazy river , and a waterslide!?

Elk Grove is home to a number of beautiful parks and exciting water parks that offer a variety of recreational activities for visitors of all ages. Here are some of the top parks and water parks in Elk Grove:

Elk Grove Park: This is the largest park in the city and features over 120 acres of green space, picnic areas, playgrounds, a lake, and more. The park also has a swimming pool, tennis courts, and an 18-hole disc golf course.
Morse Community Park: This park features over 30 acres of recreational space, including a skate park, playgrounds, picnic areas, and walking trails. The park is also home to the Morse Pool, which features water slides and a splash pad.
Laguna Creek Parkway: This park offers over 200 acres of open space, including bike trails, picnic areas, and a fishing pond. The park is also home to the Cosumnes River Preserve, which offers hiking trails and bird watching opportunities.
Wackford Aquatic Complex: This water park features a large swimming pool, water slides, a lazy river, and a splash pad. The park also offers swim lessons and aquatic fitness classes.
Wild Waves Water Park: This water park offers a variety of water attractions, including water slides, wave pools, and a lazy river. The park also features miniature golf and batting cages.

Overall, Elk Grove offers a great selection of parks and water parks that are perfect for outdoor enthusiasts and families looking for fun activities to enjoy together.

Not a fan of public spaces?? Here are some fun ways you can cool off at home in your own back yard!

Looking to make Elk Grove your new home?! You can search all homes for sale now on our Mode Real Estate Group website, and get a feel for what the current market trends are and see if we are a fit for you! We have helped thousands of people just like you buy and sell homes in the Elk Grove and Sacramento area for over 30 years! We have the experience it takes to navigate these changing markets, and negotiate with the best of them in your best interest! Let's talk today about what the current value of your home is, and if it could be the right time to sell your home!

New Listing Presentation

info@modeanddurham.com (Lori Mode) — Thu, 06 Apr 2023 16:43:35 GMT

New Listing Presentation Mode Real Estate Group

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11 Worst Home Selling Mistakes

info@modeanddurham.com (Lori Mode) — Mon, 03 Apr 2023 17:14:59 GMT

11 Worst Home Selling Mistakes

Failure to Disclose - when you go to sell your home, your realtor will provide you with a stack of documents detailing everything about the home physically. Here is where you will disclose things such a prior repairs, improvements, or other important things a new owner of the property will need to know. If you FAIL to disclose information about a problem within the paperwork, hopefully the inspections will find those issues so they can be addressed. Should the inspections not reveal any issues, and later down the road it becomes clear there was an underlying issue you most likely knew about, and FAILED TO DISCLOSE, you could be liable. Always better to start by getting it all down on paper to begin with!
Neglecting Paperwork - the said stack of paperwork all sellers are tasked with completing is a vital stage of selling. It gives the agent a better idea of what they are up against as far as potential repairs that could be needed now or in the future. If for example you need a new HVAC unit, but have not told the agent, and they have not seen the disclosures where you would note this, that is a big expense, and could possibly alter the listing price or negotiations.
Having Bad Marketing - This all comes down to the photos. If your photos are terrible, you can have the best home on the block and nobody will come see it. This is 99% of shopper's first impression of your home - they WILL shop online before ever venturing out in the car - so you better believe the photos need to be top notch! Most professional real estate agents include this as part of their listing package, and take great measures to make sure the home is in tip-top shape before even scheduling them!
Not Negotiating Enough - This is going to fall to your agent, they should be well aware of what you need to NET on the property, and having prior knowledge of the entire background of the home is essential for this part to be executed effectively! Hence, why Neglecting Paperwork is number 2 on the list! Knowledge is power here!
Selling at the Wrong Time of Year - There really is no such thing, of course, it is ideal to sell in spring or summer with nice inviting weather, the real world does not work that way, and there are pro's and con's to selling in each season. Your agent will determine what is "best" for the market and your specific time line.
Offering Limited Showings - The goal is as much exposure and showings in the first few days or weeks as possible, to secure an offer or maybe more than 1 to work with! If you limit the showing hours, buyers will skip right over your home and go on the one they can actually tour IN PERSON! When a buyer thinks your house has potential - they want to see it ASAP, and the longer you wait on that excitement, the less excited they are about seeing it and making an offer.
Ignoring Curb Appeal - Just like the photos are your first impression online, the curb appeal of the actual house is just as important of a first impression! The buyers are meeting your home for the first time, and they want to be greeted by a big welcoming smile and hug! Meaning fresh trimmed lawns and hedges, blooming flowers, and a bright and cheery front door! We wouldn't want to greet them with cobwebs, dirty windows, dead plants, or chipping paint....sending a clear message that you do not maintain the home very well!
Not Bothering to Clean the House - Same as curb appeal, you would not want to greet a potential buyer with piles of laundry, dirty dishes in the sink, or dirty bathrooms! These people are going to be walking around in your most private spaces, so having them clean and tidy is a must! Not to mention the message that if you are not cleaning, you are probably also not keeping up on repairs of the home.
Skipping Small Repairs - Small repairs being things like electrical outlets that may not work, chipped paint, broken cabinet doors, maybe a closet door off it's track?? If you can either fix them yourself, or find a local handyman, it will save you time and money in the long run. When you sell a house, most buyers will have inspections done, and then prepare a Request for Repairs to you the seller, and those amounts could be a lot more after they hire a professional to perform the repairs. Better to avoid the issues all together from the start!
Not Considering Selling Costs - Your real estate agent should provide you with a Net Sheet from the time you start talking about a listing price. This sheet will break down all of the potential costs of selling the home, and what would potentially be left as profit after all of those costs. Some things are unforeseen, such as the cost of repairs, and may alter the net amount during the process. It is smart to be aware of every cost associated with selling a home BEFORE you get too far into it!
Setting an Unrealistic Price - The listing price of a home is not some arbitrary number that your agent pulls out of a hat! It is calculated based on past sales in your neighborhood, current inventory in the area, and the features and benefits that YOUR home has to offer. For example, maybe you are the only one on the block with a pool, well, that is a nice selling feature, but it doesn't mean you will make tens of thousands more on your house than your neighbor. Your agent can help you determine what assets and improvements are the most valuable for your home.

Before and After Tenant Moves Out

info@modeanddurham.com (Lori Mode) — Mon, 20 Mar 2023 19:28:42 GMT

How we updated this house to SELL!

When we first met the owners of this house in Sacramento, they responded to a letter we sent them about potentially selling this investment property of theirs. They lived out of town, so any help we could give them was appreciated! We started by putting the home on the market with the current tenant still living there. They allowed some showings, but did not maintain the home the way we would prefer! They eventually made plans to move out, so we took it off the market while we did some clean up.

We knew we would need to coordinate repairs on this house on the sellers behalf, so we got right to work! First thing we did was hire a painter to paint most of the interior. We then had the carpeting replaced throughout the house. Minor repairs were completed and we had it deep cleaned. We also brought in some light staging and had it professionally photographed! The first weekend we were back on the market we held an open house, and within a few days we had a signed contract for our seller!

Below are some of the before and after photos, which hardly due the transformation justice, but give you a good idea! It now showed much better online to potential buyers who start their home search there, as well as the ones who were ready to see it in person!

This is not a new thing for our team, we have been working with owner's of tenant occupied properties for at least 20 years now, and though they are all similar, they also all come with their own set of complications! We have the experience now to deal with them professionally and respectfully, as this can be a difficult time for the tenants.

Home Selling Guide Spring 2023

info@modeanddurham.com (Lori Mode) — Wed, 08 Mar 2023 21:01:43 GMT

Guide to Selling Your Home Spring 2023

Home Buying Guide for Spring

info@modeanddurham.com (Lori Mode) — Wed, 08 Mar 2023 19:45:09 GMT

Home Buying Guide Spring 2023

Is it a Good Time to Buy??

info@modeanddurham.com (Lori Mode) — Mon, 27 Feb 2023 20:29:05 GMT

Is it a Good Time to Buy a Home??

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My Marketing Strategy

info@modeanddurham.com (Lori Mode) — Fri, 24 Feb 2023 19:55:13 GMT

My Marketing Strategy

How's the Market? 2023 in Real Estate

info@modeanddurham.com (Lori Mode) — Fri, 24 Feb 2023 19:30:07 GMT

How is the Real Estate Market in 2023?

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Professional Equity Assessment Report

info@modeanddurham.com (Lori Mode) — Fri, 24 Feb 2023 19:25:28 GMT

Professional Equity Assessment Report 2023

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Pay NO PMI and put down less than 20%…it’s possible!

info@modeanddurham.com (Lori Mode) — Wed, 08 Feb 2023 19:23:30 GMT

Pay NO PMI and put down less than 20%…it’s possible!

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3 Common Mistakes Made by First Time Home Buyers

info@modeanddurham.com (Lori Mode) — Wed, 08 Feb 2023 19:20:00 GMT

3 Common Mistakes Made by First Time Home Buyers

Check out the 3 most common mistakes made by first time home buyers. Don’t forget one of the biggest ones is not calling us!

#realestate #homebuyingtips #buyingahome #realestateadvice #newhome

Lori Mode is the rainmaker and owner of the Mode Real Estate Group. Lori started her career in real estate in 1987 after ten plus years as an Escrow Officer in the Sacramento area. Lori purchased her first home at the age of 19 and quickly realized that real estate was her passion and the best way for her to accumulate wealth. It gives her great satisfaction knowing she is creating generational wealth for her clients and families. Once she started at Keller Williams Realty, she was taught how to build a business, and a team, and the Mode and Durham Team was born. Fast forward and she now owns and runs the Mode Real Estate Group, a team that works closely together to ensure the best for our past, present and future clients!

When not working, you can find Lori working out and staying fit by running and frequently hiking with her two adult daughters, Nicolette and Rachel. She also is very involved in the daily lives of her two very active grandchildren!

Let's be friends...or neighbors!

Website: http://www.ModeRealEstateGroup.com

Facebook: https://www.facebook.com/RealEstateElkGrove

Email: Lori@ModeREGroup.com

Youtube: https://www.youtube.com/@moderealestategroup

Want to talk about real estate in Elk Grove or nearby?

Give me a call at 916-405-5737 for a chat!

I can also refer you to a Keller Williams agent all across the world!

Most Expensive and Least Expensive New Listing in Elk Grove Week 2 of February

info@modeanddurham.com (Lori Mode) — Wed, 08 Feb 2023 19:15:26 GMT

Most Expensive and Least Expensive New Listing in Elk Grove Week 2 of February

Here are the most expensive and least expensive new listings in Elk Grove, CA in the past week!

The most expensive new listing is at 7606 Afonso Way and is a new build by Taylor Morrison.

The stunning Madison-Plan 8 at Valencia at Madeira Meadows combines superior comfort, function, and curb appeal. This single-story home offers 4 bedrooms, 3.5 baths, 3-car garage, and upgraded finishes throughout! Great location that backs to greenbelt. The open floorplan offers unobstructed views upon entry and flows seamlessly all the way through to the covered patio and backyard. The formal dining room is proudly showcased in the center of the home -ready to host dinner parties with a butler's pantry and additional prep space that connects the dining to the kitchen and huge walk-in pantry. The home office area is tucked around the edge of the kitchen to keep mail, homework, or the latest recipes neatly filed away. Spacious owner's suite is secluded at the back of the home and features a luxurious bath with a soaking tub, walk-in shower, dual sinks, and a large walk-in closet. This home is listed at $1,029,900.

And the least expensive listing this past week is a townhome in Old Elk Grove at 9678 Gage Street and listed by yours truly! This delightful single story townhome is exactly what you've waited for! One of the lowest priced properties in Elk Grove, located within a short stroll to Old Town Elk Grove. Such a spacious and bright space just under 1,000 square feet, with 2 bedrooms and 2 full bathrooms. Nice big family room with fireplace and slider to cute low maintenance back patio! Updated kitchen with gorgeous mint and grey granite also sneaks in a laundry area! Both showers have been luxuriously updated with tile showers and nice shower heads. Priced perfect for downsizing or first time buyers at only $345,000.

Make sure to follow me to get this information weekly! If you want to know about all things Elk Grove, subscribe to my channels! See you soon!

#realestate #buyingahome #newhome #firsttimehomebuyer #homeownership #elkgroverealestate

Let's be friends...or neighbors!

Website: http://www.ModeRealEstateGroup.com

Facebook: https://www.facebook.com/RealEstateEl...

Email: Lori@ModeREGroup.com

Youtube: https://www.youtube.com/@moderealesta...

Want to talk about real estate in Elk Grove or nearby?

Give me a call at 916-405-5737 for a chat!

I can also refer you to a Keller Williams agent all across the world!

7 Signs It's Time to Move Up

info@modeanddurham.com (Lori Mode) — Wed, 08 Feb 2023 18:58:19 GMT

7 Signs It's Time to Move Up

Sometimes your life just requires more space... Here are 7 signs it’s time to move up!

1. You catch yourself looking at real estate ads online.

2. You’re concerned about rising interest rates and don't want to feel locked into your current home because of them.

3. Another house in your neighborhood just sold for the amount you'd be willing to take for your own house.

4. You’re sick and tired of kids fighting over shared spaces!

5. You’re questioning whether your kids are in the best school district or not.

6. You look at your house and see multiple areas that you’d like to be fully remodeled. Sometimes, finding a new house that fits your needs is simply easier!

7. You're fully out of storage space... and buying fun furniture pieces with built-in storage is not just gonna cut it anymore.

Even with the market shifting, moving up can still be an attractive option if you need more space. It all depends on your specific situation. Let’s chat if you need help dialing in yours!

#buyingahome #realestate #moving #newhome #realestateadvice #realtor #storageproblem

Let's be friends...or neighbors!

Website: http://www.ModeRealEstateGroup.com

Facebook: https://www.facebook.com/RealEstateElkGrove

Email: Lori@ModeREGroup.com

Youtube: https://www.youtube.com/@moderealestategroup

Want to talk about real estate in Elk Grove or nearby?

Give me a call at 916-405-5737 for a chat!

I can also refer you to a Keller Williams agent all across the world!

Can You Trust A Zestimate?

info@modeanddurham.com (Lori Mode) — Wed, 08 Feb 2023 18:52:03 GMT

Can You Trust A Zestimate?

#homeownership #zillow #realestate

#realestate #homevalue #homeownership #sellingahome #zillow

Let's be friends...or neighbors!

Website: http://www.ModeRealEstateGroup.com

Facebook: https://www.facebook.com/RealEstateEl...

Email: Lori@ModeREGroup.com

Youtube: https://www.youtube.com/@moderealesta...

Want to talk about real estate in Elk Grove or nearby?

Give me a call at 916-405-5737 for a chat!

I can also refer you to a Keller Williams agent all across the world!

Learn about the 4 common types of home loans

info@modeanddurham.com (Lori Mode) — Wed, 08 Feb 2023 18:35:28 GMT

4 Common Types of Home Loans

#buyingahome #firsttimehomebuyer #newhome

Choosing a home to buy is only half the battle. You still have to pay for it!

While that’s an obvious statement, the way you pay for your new home is just as, if not MORE important than any other step in the process. And just like the options you get when you’re house shopping, you also have options when it comes to loans. Here are the 4 most common types of home loans.

#1 A fixed rate mortgage, or conventional home loan

This is the most common type of home loan you’ll find. Around 90% of buyers will choose a fixed-rate mortgage, usually at a 30 year term. Fixed rate mortgages benefit from, you guessed it, a fixed interest rate over the life of the loan. Meaning you can lock in a good rate and keep it until the loan is paid off. You can also find 20 and 15 year terms for fixed rate mortgages, but you will end up with a higher monthly payment the shorter the term is.

#2 An adjustable rate mortgage, or ARM

Which is exactly what it sounds like. It’s a mortgage that has an interest rate that changes over time. Your initial rate is usually dubbed a “teaser” rate, since it’s seductively low in the beginning, but will always rise above fixed rates if held long enough. ARMs are usually only advantageous when the homeowner plans to move within a short period of time.

#3 Jumbo Loan

Jumbo mortgages are loans that exceed the amounts set annually by the Federal Housing Finance Agency. You need a jumbo loan if the property you want to buy exceeds $548k in 2021. Jumbo loans can also come with other fees and requirements since the borrowed amount is so high.

And finally, #4, an FHA Loan.

Which is a loan that is guaranteed by the Federal Housing Administration and issued by a government-approved lender. They are designed to help low to moderate income borrowers, and allow down payments as low as 3.5% To qualify, you need to have a debt-to-income ratio of 50% or less. The FHA also requires borrowers to pay for mortgage insurance to protect the lender in case of default.

Shoot me a message if you have any questions!

#realestate #firsttimehomebuyer #newhome #buyingahome #mortgage #fhamortgage

Let's be friends...or neighbors!

Website: http://www.ModeRealEstateGroup.com

Facebook: https://www.facebook.com/RealEstateEl...

Email: Lori@ModeREGroup.com

Youtube: https://www.youtube.com/@moderealesta...

Want to talk about real estate in Elk Grove or nearby?

Give me a call at 916-405-5737 for a chat!

I can also refer you to a Keller Williams agent all across the world!

Home Selling Process - Phase 3

Tue, 06 Dec 2022 20:20:41 GMT

Home Selling Process - Phase 3

This is the home selling process in 3 phases, part 3!

So many people think that once we get an offer, the process is almost over. But that couldn’t be farther from the truth. Phase 3 of selling a house is the mortgage, title, and inspection process. This is a process that involves many steps and checks throughout, including coordination with lenders and title reps. The inspection is another important step that will often end in additional repairs or concessions, depending on the property. After preparing the house, setting the price, finding a buyer, negotiating, working with title companies and lenders, and working through the inspection process - we’ll finally get to the end where you attend the closing.

This entire process, on average, takes a little over 2 to 3 months to complete, depending on the market. So, yes, we’re usually hustling!

Let me know if you have any questions about the process of selling a home, and follow me for more Elk Grove and Sacramento area real estate information!

Home Selling Process - Phase 2

Ashley@moderegroup.com (Ashley Crabb) — Tue, 06 Dec 2022 20:16:38 GMT

Home Selling Process - Phase 2

This is the home selling process in 3 phases, part 2!

Phase 2 is all about finding the balance. We’ll set a date to go live with the property and hold an open house. We’ll book showings and get a feel for what people think about the property. Did we price it correctly? Are there things about the property that need changed or fixed? We’ll get this feedback from buyers and use it to potentially make any necessary adjustments. If we did everything correctly, we’ll get an offer on your house!

We’ll then negotiate the terms of that offer based on a variety of factors. Paying a portion of closing costs, the willingness to close quickly, and whether the seller needs to stay in the house while they search for another are some potential elements that need to be negotiated. There are many things we can use as leverage to get you the best possible offer on your house.

Follow me for phase 3 of selling your house!

Home Selling Process in 3 Phases

Ashley@moderegroup.com (Ashley Crabb) — Tue, 06 Dec 2022 20:13:52 GMT

The 3 Phases of Buying a Home - Phase 1

This is the home selling process in 3 phases, part 1!

In phase 1, you’re looking to find an agent and figure out how much your property is worth. Finding an agent isn’t as simple as just looking one up on Google or asking your friend who they used. I ALWAYS recommend you interview a few agents before making your decision. Ask them questions like, “How long have you been an agent?”, “How many homes do you usually sell a year,” and “What do you do to market my home?” so you can hear their strategy and gauge their professionalism.

Once you decide on an agent, we’re going to start prepping your house and coming up with a selling plan. Any cleaning, repairs, and staging will happen in this phase. We’ll also set the list price based on other houses in your area, as well as the repairs you did.

Then we list the house and move on to phase 2! Check out part 2 to keep going!

Make the Right Real Estate Decision for You!

Ashley@moderegroup.com (Ashley Crabb) — Tue, 06 Dec 2022 20:09:49 GMT

Make the Right Decision for You!

Are you confused about the real estate market right now? Don’t be. We will help you make the right decision for you!

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4 Reasons to Buy in the Winter

Tue, 06 Dec 2022 19:53:08 GMT

4 Reasons to Buy a Home in Winter

The winter isn’t ALL BAD, right?

Here are 4 reasons why you should buy a home in the winter months!

Start your house hunting NOW!

#homebuying #homebuyingtips #realestate #realestateagent #newhome #firsttimehomebuyer #househunting #realtor

4 Bedroom Townhome on the golf course FOR SALE in Murphy's!

Thu, 20 Oct 2022 19:47:09 GMT

For even more information on WHAT TO DO IN MURPHY'S , visit our other site full of useful links to awesome area attractions!

What to do in Murphy's CA

Wed, 19 Oct 2022 16:37:37 GMT

Prepare to be entertained!

A former gold mining settlement, the main street today is lined with over two dozen wine tasting rooms and surrounded by local vineyards. Nearby attractions include Calaveras Big Trees State Park , Bear Valley Ski Resort and historic Mercer Caverns . There is something for everyone in or around Murphy's!

Loved by foodies for the many restaurants and wineries within walking distance from each other in downtown Murphy's. Flocked to seasonally for the 14 lakes and reservoirs within 20 miles, winter snow fun and close to Bear Valley ski resort for the snow lovers. First class golf courses nearby, shows by Murphy's Creek Theatre , or brave the Mercer Caverns !

You may have heard of, or even been to a summer concert at Ironstone Vineyards , where the world's largest crystalline gold leaf is displayed just south of town! They have an amazing outdoor amphitheater that hosts pretty big names all summer long!

The town also hosts an annual Irish Days parade and street fair every March on Main Street, with some years seeing over 35,000 people in attendance. There is the annual Grape Stomp, Murphy's Day of the Dead festival, and the annual holiday Open House for the community to celebrate together.

If you are looking for a good hike, or a walk through the forest, you MUST visit Big Trees State Park , just up the hill past Arnold, it is worth the visit to see the Giant Sequoia.

Golfers will always be willing to drive a bit to visit these courses nearby - Forest Meadows , Greenhorn Creek , The Golf Club at Copper Valley , and the private Country Club Sequoia Woods in Arnold. There is also a NEW mini golf course right in town, perfect for families and the 'just want to have fun' golfers.

What You Need To Know About Our Market

Wed, 06 Jul 2022 21:55:22 GMT

Here’s what buyers and sellers need to know about our changing market.

It’s been a while since my last update, both in terms of the market and otherwise. Today I want to explain what’s kept me away for so long and give you a quick update on our housing market.

My personal life has been a whirlwind recently. My husband and I recently sold our house of 32 years, we bought a new home, my daughter and her husband had my second grandbaby, and now I’m renovating one of my rental properties to get it ready for the market. It’s been a busy time in my life, but it has been good.

So what’s changed in our market since I made my last market update? A lot. Over the last few years, we’ve lived through one of the craziest real estate markets I’ve ever seen. Prices skyrocketed, interest rates were incredibly low, and supply was scarce. Now, rates are rising, and inventory is slowly creeping up. As a result, more sellers have to lower their prices to sell their homes. In my experience, about one-third of properties are currently reducing their prices.

“The longer you wait to buy, the higher your monthly payment will be.”

What does this mean? The balance of power is shifting from sellers to buyers—at least a little bit. If you’ve been waiting out the market to avoid the crazy competition, now might be the time to jump back in.

Despite price reductions, I don’t think you need to worry about a crash. Inventory is increasing, but it’s still low compared to pre-pandemic levels. On top of that, interest rates will likely continue rising throughout 2022. This means buyers shouldn’t wait to purchase a home. The longer you wait, the higher your monthly payment will be.

Real estate is hyper-local, so if you want to know what’s happening in your specific area or have any questions, call or email me. I look forward to hearing from you!

Considerations for Predicting the Market

Tue, 08 Mar 2022 22:45:27 GMT

Is it actually possible to time the real estate market? Let’s discuss.

People often buy or sell homes due to major life changes, such as an expanding household or a change in finances, but they don’t think seriously about timing the market. Today I’d like to discuss what timing the market looks like and share a few things to keep in mind as you’re navigating your real estate plans.

First of all, remember that every market is different. You’ve probably heard that the market is hot right now with tons of buyers and multiple-offer situations. That’s not necessarily the case for all areas—all real estate markets are local. Yes, here in Elk Grove, the market is hot; sellers are getting multiple offers for their homes, and many are getting more than their list prices. But not all markets have that same level of activity, so be sure to consult with a real estate professional to gauge what’s going on in your specific area.

Second, interest rates fluctuate over time, and right now, they’re going up. The Federal Reserve will raise interest rates a few times in 2022. What does that mean? If interest rates go up, it’ll take some buyers out of the market as their buying power decreases. For buyers, it means that you should act before rates get any higher. If you’re planning to sell, rising rates could reduce your buying pool. No matter what your plans are, we can give you the information you need to make the smartest decision.

Third, understand that real estate is seasonal, and seasons change. The real estate market has followed a typical seasonal pattern for a long time, but with COVID and advances in technology, that’s not necessarily the case anymore.

“Waiting until spring and summer when everybody else is looking probably isn’t the best decision.”

So when is a good time to put your home on the market? Whenever it’s in its best condition, and you’re ready to sell it.

When’s the best time for a buyer to make a move? Right now, there aren’t as many other buyers in the market, so it’s a great time to take advantage of the reduced competition. Waiting until spring and summer when everybody else is looking probably isn’t the best decision.

Finally, understand that money isn’t everything. Yes, money is important since real estate is a business transaction. However, emotions are also involved in the process. If you’ve lived in your house for a long time, you’ll probably have a lot to consider, such as if you need to negotiate a rent-back, close on a particular day, or sell quickly. You’ll also probably need help sorting through all of your multiple offers to find the one that is actually going to close escrow and get you your desired results.

In the end, timing the market depends on all of the factors we discussed today. If you’ve been sitting on the fence waiting to act, give me a call or send me an email. I’d love to sit down with you for a consultation to figure out if now is the right time for you to buy or sell a home. I look forward to talking with you soon!

I’m Buying and Selling at the Same Time Too

Tue, 22 Feb 2022 22:23:36 GMT

I’m going through the simultaneous selling and buying process right now.

Have you been thinking about selling your home and buying another? Today I’ll talk about what that process looks like because I'm going through it myself right now.

My husband and I decided that now was the time to buy a new home. We wanted one with a pool and a three-car garage that was on a cul-de-sac. We found the home, and we were luckily able to buy it before we sold our previous home. Not everyone has that luxury, but there are bridge loans and financing options to help you. Reach out to your lender to figure out your options; you might be surprised. We got our home ready to go, and it recently went on the market. I've done this every day for over 30 years, and I'm still nervous.

If you're considering buying and selling at the same time, I'd love for you to watch my stories on Instagram and Facebook so you can experience what it’s like going through this process. If you want to learn more about this process or if you have any other questions, don’t hesitate to reach out to me by phone or email. I look forward to hearing from you.

2 Exclusions That Help With Capital Gains

Fri, 21 Jan 2022 22:07:20 GMT

Here are a few exclusions that can help with the capital gains tax.

If you’re thinking about selling your home, you may be worried about the capital gains tax on the sale. The market has appreciated a lot, so there’s good reason to be concerned. Home prices have appreciated by about 20% just in the Sacramento area! Luckily, two exclusions allow you to avoid the capital gains tax.

The first is a section 121 exclusion. With this, you don’t have to pay taxes on up to $250,000 of the capital gain on your primary residence. If you’re married, that amount goes up to $500,000. There’s also a calculation you can do with your accountant that factors in all sorts of things to raise this number.

The second one is a 1031 exchange, which I’ve used a few times myself. With it, you can defer the capital gains when you sell an investment property by buying a new investment property and putting the gains toward it.

“You don’t have to pay taxes on up to $250,000 of the capital gain from your primary residence.”

There’s also procedure 2005-14. This allows you to take the capital gains under section 121 and invest any additional gains into real estate under the 1031 guidelines. Two conditions have to be met for this: You must have lived in your home for two of the last five years, and you must have used the home as a rental property immediately before the sale.

I am not a tax professional, so if you want to use these exclusions, I can help you weigh your options, but you should also talk to your accountant. If you are thinking about selling real estate this year, call me so we can sit down and start planning. I’d be more than happy to answer all of your questions.

What is the Color of the Year for 2022

Tue, 18 Jan 2022 22:02:23 GMT

You may not be aware of it, but many paint and pigment companies choose colors that they think will be hot in the coming year. Shades of green seem to be an overwhelming favorite for 2022, with almost every company choosing some green hue as either their top pick, or part of their overall range of choices. In fact, green is so well-represented this year that there’s really only one company that seems to be bucking the green trend entirely, but it’s a big one.

Pantone Color Institute, the company that actually manages color standards, broke from the pack with a significantly different choice for color of the year. Before we get to what that choice actually is, though, let’s take a moment to consider the rest of the color of the year choices from other companies. This will help you to appreciate just how big of a break with industry trends the Pantone choice really is.

Something in a Shade of Green

Usually, different paint companies offer up a pretty wide range of shades when it comes to choosing color of the year options. For 2022, however, there’s a pretty rare consensus among most of the big players in the industry that neutral shades of green are where it’s at. This isn’t just a couple of companies, either; take a look at some of these selections:

Benjamin Moore: October Mist, a light green with touches of grey and yellow
Sherwin-Williams: Evergreen Fog, a soft green close to olive
PPG: Olive Sprig, another soft green with a hint of yellow
Behr: Breezeway, a soft, light green
Dutch Boy: Cypress Garden, a somewhat stronger green
Glidden: Guacamole, another strong green with a hint of yellow undertone

Other popular companies such as Valspar and Dunn-Edwards offered up multiple color of the year choices, and green shades were included in the offerings of both.

Pantone’s Color of the Year

With green being so well represented by other companies, you might expect Pantone to have chosen something similar. That’s not the case, however, as Pantone’s selection for 2022 is a periwinkle blue offering known as Very Peri. It’s a pretty well-rounded periwinkle shade, falling in between blue and purple without being overwhelmingly either. Looking at it, it’s pretty easy to see why Pantone believes the color is really going to take off in the coming months.

According to Pantone, the color was chosen because of how well it reflects the changes that the world is currently going through. Pantone Executive Director Leatrice Eiseman stated that the classic blue color with violet-red undertones “displays a spritely, joyous attitude and dynamic presence that encourages courageous creativity and imaginative expression.” It’s a cool, calming color and could see use in just about any room in the home as well as the exterior.

Using These Choices in Your Home

Whether you’re going with one of the green options offered up by the paint companies or Pantone’s choice of Very Peri, there are a number of ways that you can use these colors in your home. They can be used as accents in bedrooms, living rooms, or kitchens, as door and shutter colors to accent your home, or even coatings for islands or other large wooden furniture pieces to really make them pop. They may need other colors or some strong woodgrains to add some warmth or contrast, but if you put in the work to find the right shades, then you’ll have color combos that will leave people talking.

A Giveaway for the Holidays

Mon, 06 Dec 2021 21:48:36 GMT

Enter into the giveaway to win some prizes this holiday season.

I hope you had a great Thanksgiving. I’m starting the holiday season now with a giveaway on December 17th, live on my Facebook page. All you have to do to enter into the drawing is like and tag someone in the Holiday Giveaway post on our Facebook Page or Instagram Page. For every tag, you will be entered into the drawing. You can do it as many times as you want.

I’m giving away three prizes: a $25 gift certificate to Starbucks, an old-fashioned, fake, three-foot-tall Christmas tree, and a Yeti cooler. Follow me on Facebook and Instagram so you know when I give the prizes away.

If you have any questions, don’t hesitate to reach out to me. I look forward to hearing from you. Happy holidays.

Our Market Is Better Than the 2007 Market

Mon, 08 Nov 2021 20:22:31 GMT

Here’s why today's market is nothing like the 2007 market.

People keep asking me, “Is the market going to crash?” Every market goes up and down, and our real estate market has been going up for a while now. It can’t sustain this forever, right? Wages haven’t been increasing along with home prices, and we are seeing a seasonal slowdown, but does that mean our market is going to crash? The best way to talk about this is by comparing the market today to the 2007 market.

Back then, we had similarly huge price appreciation. However, we also had predatory lending. They were giving loans to people who shouldn’t have gotten them. The saying back then was: If you could fog a mirror, then you could get a loan. On top of that, interest rates were higher, and there were a ton of adjustable-rate loans.

"Banks are giving good loans now instead of those predatory loans."

Right now, your credit score has to be 120 points higher than it had to be to qualify for a loan back then. There are approximately 1.6 million homes in forbearance in the United States right now, and 1 million of those homes are predicted to go into foreclosure. However, they also predict that we’ll sell between six and seven million homes next year. The vast majority of our home sales will not be foreclosures.

The reason for this is that people have a lot of equity in their homes. Because there is a lot of equity, there is a lot of cash in the market as well. Banks are giving good loans now instead of those predatory loans.

You might’ve noticed that I didn’t really answer the question. When is it going to crash or is it even going to crash? The truth is nobody knows for sure, but it doesn’t look like it will happen soon. If you have any questions about this or other real estate topics, feel free to call, text, or email me. I’d love to help.

Health Benefits of Houseplants

Wed, 03 Nov 2021 19:19:26 GMT

Health Benefits of Houseplants

Having greenery in your home isn't just aesthetically pleasing. There are a lot of great health benefits as well. Even if you don't have a natural green thumb, a plant here or there can still deliver the following benefits.

Reduce Stress

Who among us couldn't do with a little less stress in our lives? This is especially true since many people are still working from home and dealing with the effects of the pandemic.

A study published in the Journal of Physiological Anthropology found that if you have plants in your home or office, which may be the same for you these days, it can help you feel calmer and more comfortable.

Indoor gardening lowers blood pressure and heart rate, and plants might reduce both psychological and physiological stress.

There are a lot of different theories researchers have as to why plants might help reduce stress. For example, you might think about outdoor spaces when you see them, making you feel more patient. Admiring your plants can also make you more mindful.

Immune System Boosters

Plants can boost your immune system in multiple ways. First, if they make you feel more relaxed, you're more likely to get high-quality sleep. Sleep helps strengthen your immunity.

Plants also have airborne chemicals and phytoncides that are released into the air and have benefits for your immune system. A 2002 research review found that people recovering from various types of surgery needed less pain medication and had shorter stays in the hospital than people not surrounded by greenery during their recovery.

Better Productivity

When you have plants in your home and your office, you can be more productive. This may be because plants give you something beautiful and vibrant to look at, making you feel more creative and focused.

You add color and liveliness to your workspace, giving you a mental boost.

In 2004, a study was conducted where researchers asked participants to make creative word associations. The study participants with plants in the room with them performed better.

There was a study in 2007 showing that people with plants in their work area were more productive and took fewer sick days.

Air Quality Improvements

Houseplants are excellent at absorbing toxic substances that might be floating around your home, like formaldehyde and benzene. These are artificial materials that produce gas pollutants. Researchers from Virginia Tech found houseplants can also reduce dust indoors by up to 20%.

NASA researchers have looked at these air-clearing benefits, and they recommend that you have anywhere from 15 to 18 houseplants for a house that's 1800 square feet. Even if you don't have that many, just one or two plants can benefit the quality of your air.

Also, plants release water vapor into the air. That, in turn, increases humidity, which can improve the health of your skin and respiratory system. If you struggle with headaches, respiratory issues or allergies, plants may help.

Plants increase the amount of oxygen in the air by absorbing carbon dioxide. They release oxygen as they go through photosynthesis. Take the most advantage of these benefits by putting plants within six to eight feet of where you usually sit or sleep.

When you have more oxygen, your energy, focus, and mood are all likely to benefit.

Earnest Money vs Down Payments

Tue, 02 Nov 2021 19:16:30 GMT

Earnest Money vs Down Payments

There are two terms you might hear if you're in the market to buy a house - earnest money and down payment. The two are not interchangeable, but sometimes there's confusion between what they are, what they aren't, and how they compare.

Understanding both earnest money and a down payment is critical to buying a home. Too often, buyers will think only about the down payment they have to make up front, but they don't consider other costs.

What is Earnest Money?

Earnest money (also known as an escrow deposit) is an amount of money that you, as a buyer, put into an escrow account only after a seller accepts your offer. The objective of earnest money is to show a seller that you're committed to following through on the purchase of the home.

Under some circumstances, your earnest money might be refundable. What your earnest money does is allow you a specific amount of time to get your mortgage financing in order and also go through any other steps in the buying process, like inspections and appraisals.

Earnest money is usually calculated as either a fixed amount or a percentage. Which one you'd pay depends mainly on the market where you're buying. In some markets, there's a standard, fixed amount of earnest money no matter the purchase price.

Once your purchase agreement is accepted, you submit that amount of money. Your earnest money is deposited into an escrow account where it can earn interest.

If you're in a competitive market, earnest money deposits are a good way to set your offer apart. You're showing that you genuinely intend to buy, and if you can put forth a bigger earnest money deposit, you're signaling that you might be a safer buyer. If you can put that money up early on, the seller might feel you're more financially stable, so they can worry less about something causing the sale to fall apart at the last minute.

If you make it to loan closing, then your earnest money deposit goes toward your down payment.

Along with making your offer stand out, earnest money can also be a way to compensate a seller for taking the house off the market as you finalize transaction details. If you don't make it to closing, you may lose your earnest money. To guarantee you get it back, you should have contingencies in place to protect the deposit, like a home inspection or appraisal contingency.

What's a Down Payment?

A down payment is something that, as a buyer you can put toward the purchase of a home. The seller receives it, and then the rest of the home's purchase price comes from your mortgage.

Lenders require down payment minimums. The minimum required amount is 3% of the purchase price of a home, but 20% is best. The closer you can get to the 20% down payment, the more likely you'll be approved for a mortgage. Also, you'll have smaller monthly payments on your mortgage.

If your down payment is less than 20%, your lender will require you to buy private mortgage insurance or PMI. PMI is a way for your lender to protect itself if you default on your loan.

Key Takeaways

Both earnest money and down payment are essential parts of buying a house. Earnest money can sometimes be returned if the transaction doesn't go through if you have contingencies.

In some cases, a seller will get to keep your earnest money if you don't go through with the purchase.

A buyer and seller can usually negotiate on earnest money, and it can be anywhere from 1% to 2% of the purchase price, up to 10% in very hot markets. Earnest money can accumulate interest.

A lender requires a down payment as part of your mortgage, and you don't negotiate it with your seller. With that being said, you pay it to the seller and not the lender, and then the rest of the purchase price comes from the mortgage.

How Important is a Home Inspection?

Tue, 02 Nov 2021 19:14:01 GMT

The Importance of Home Inspections

Being aware of any issues before purchasing a home is important, as it can help you budget what needs to be fixed or make the decision to rescind an offer. With a competitive housing market, buyers are forgoing home inspections now more than ever. While this can provide an edge in successfully closing on a property, waiving a home inspection comes with significant risks.

Do you need a home inspection?

A report from Redfin revealed that 20 percent of winning home offers waived their inspection contingency in June 2020, up 13 percent from the previous year. Home inspections cost anywhere from $300 to $500, however, if there are glaring issues with the home, you can become aware of them prior to closing. The contingency is used in the case where a home inspection reveals issues, leaving the buyer the chance to back out within an allotted time frame or to renegotiate an offer.

Whether or not it's worth the risk to skip a home inspection is up to you. Keep in mind, though, it'll likely cost you less money to enlist a neutral, third-party professional to assess the home you are about to buy than it will to fix major issues you missed later on.

What does a home inspection cover?

A quality home inspection can provide a lot of information about the home you're buying. Typical home inspections last 2 to 3 hours. It's recommended that you're present with the inspector during this process to ask any questions or clarifications while they are conducting the inspection.

While it varies, a home inspector is looking for issues that might affect the property's value, and they typically cover:

HVAC systems
Electrical systems
Interior plumbing
Foundation
Insulation
Windows and doors
Roofing
Attics and basements
Structural components (floors, walls, stairs, etc.)

Sometimes an area of the home is off-limits, either due to potential safety risks to the inspector or it is just behind locked doors. Any space that is not accessible will be noted by the inspector in their report.

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Why are home inspections important?

Having your home inspected may uncover some critical issues that can become hazardous to your health. As you go through the inspection with your qualified home inspector, they will help you to identify certain toxins such as lead, mold, or asbestos-containing materials. These things are especially important to look for if you are interested in purchasing an older home. Exposure to asbestos can lead to mesothelioma cancer, which is a rare cancer caused by the inhalation of asbestos fibers and most commonly impacts the lining of your lungs. Exposure to lead can cause impairments in cognitive function, especially in developing children. If you're aware of these potential risks prior to purchasing, you can save you and your family from potential health impacts.

Other safety issues that can be discovered during an inspection can be related to the structure of the home. Solid framing of walls and flooring are important to check so that all of your surfaces are supported for not only your weight but can take the typical weight of furniture and appliances. The indoor staircases and any outdoor steps can also pose potential risks. They should be checked for sturdiness, step width, and depth, and there should be a proper railing. Structural safety is even more important to pay attention to if you have children that may not be aware of hazardous situations.

A good inspection also may be able to save you money in the long run. If there are major issues that need to be addressed in order to meet safety standards of living, finding out ahead of time can allow you to put that financial burden on the seller as opposed to yourself. One way to do this is to make your offer contingent on the completion of certain changes. You can also choose to lower your offer, due to the cost you will incur by fixing the problems at a later date.

Deciding to invest in a home could be one of the largest financial decisions that you make in a lifetime. Having a complete picture of the house, prior to finalizing the purchase, can ensure the safety of you and your family and make you confident in the decision you're making.

Rolling a Credit Card Balance into a Cash-out Refi

Tue, 02 Nov 2021 19:07:33 GMT

Rolling a Credit Card Balance into a Cash-out Refi

There's certainly no shortage of articles about when and how to refinance. Whether or not to refinance a mortgage is a good thing or not is less about the actual interest rate and more about the monthly savings compared to the closing costs associated with getting the new mortgage to replace the existing one. When you hear advertisements on the radio or watch a TV commercial, mortgage companies talk about how low rates are and if you currently have a mortgage you should think about refinancing. The fact is that rates have been in their current range for so long that many who could benefit from a refinance have already done so.

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But many of these same advertisements talk about rolling in high interest card debt into a new mortgage when refinancing. This transaction is called a 'cash out' refinance. The pitch sounds attractive. The average interest rate on all types of credit cards hovers near 20% while the average mortgage rate might be close to 2.5%. It's promoted as a 'no brainer' and it's easy to see why. 20% is more than 2.5%. But it's also important to dissect the possible benefits of a cash out refinance which you can do by speaking with your loan officer.

Let's look at some numbers together. Let's take an existing $250,000 mortgage with a 30-year fixed rate of 4.00%. If current 30-year rates are 2.5%, that works out to a pretty good savings, especially so if the existing note is relatively new. If the existing mortgage is fairly seasoned and well into the term of the loan, it might not be a good idea to refinance after all. Again, this is something to discuss with your loan officer.

But let's say you did the math and refinancing from 4.0% to 2.5% is in your best interest. No pun intended. On a new 30-year mortgage and $250,000 at 2.5% the monthly payment drops to $987. Now, what about refinancing that credit card balance of $15,000, completely paying off the card. Interest on this card is 20% and now you're essentially replacing that 20% with 2.5%. If you roll $15,000 into $250,000, the new mortgage is then $265,000. $265,000 at 2.5% yields a payment of $1,047, with an increase of $60 per month. That's much lower than the minimum current credit card payment.

Here's the thing to look out for. Yes, the total minimum payment is lower than the mortgage and credit when viewed separately. But you're also extending the term of the card payment out to 30 years. The $15,000 balance turns into $21,600. If you roll in an automobile loan and other outstanding credit balances the difference will be much greater. With $40,000 in credit card debt in the same scenario means a new monthly payment of $1,145. I'll let you do the numbers on this one, if you want.

One final note, if you do transfer credit card balances into a new mortgage and then run up the card balance once again, you've really not accomplished as much as you might have initially thought. If reducing credit payments each month is your goal, cancel those credit cards altogether after transferring the balance.

What Happens When a Contractor Bails

Mon, 11 Oct 2021 19:01:45 GMT

If you hire someone to do work on your home and they don't complete that work as agreed upon, it can be incredibly stressful, especially if you already paid them. Whether it's a small or large project, it's not as uncommon as you might think for a contractor to skip out on the job. If you've tried to contact them and you haven't gotten a response, you might be dealing with an unfinished project and possibly a dangerous environment.

So what do you do?

If you've only paid for the work that's been done, then the obvious answer is to hire another contractor. Yes, it can be a pain to find someone new, but overall, you're probably going to find that's the simplest solution.

On the other hand, if you've paid for more work or supplies than you've received, you might have a bigger problem on your hands. This is also true if a contractor didn't do high-quality work or did damage to your home and then disappeared.

Make Complaints

There are different organizations where you can go to make complaints. For example, you can complain about the contractor who didn't finish the work with the Better Business Bureau or on Angie's List. You should also contact the contractor licensing board or commission in your state.

You can usually file a complaint online, and you might not recover all of your losses, but you're taking steps to prevent the contractor from treating other people the same way.

Taking Legal Action

If you've repeatedly tried to get in touch with a contractor and you've been unsuccessful, your only option might be to take legal action. This should be the option you take only if you've tried to have conversations already. It's a good idea to write emails so that you have a paper trail showing you repeatedly tried to get in touch with the person and come up with a solution. Any time you call or text the contractor, whether you speak or not, you should also document this. If you've repeatedly tried to get in touch with a contractor and you've been unsuccessful, your only option might be to take legal action. This should be the option you take only if you've tried to have conversations already. It's a good idea to write emails so that you have a paper trail showing you repeatedly tried to get in touch with the person and come up with a solution. Any time you call or text the contractor, whether you speak or not, you should also document this.

If you've taken a big financial hit because of the action or inaction of a contractor, your only choice might be litigation. With that being said, you have to make sure that it makes sense based on the cost of litigation and how much compensation you might recover.

If a contractor doesn't complete a job, it'll probably go through the small claims court system. The good news with that is you don't need to hire an attorney. You'll just need to bring all of your evidence and documentation with you to court. If you have damages that are higher than the maximum allowed in small claims court, you might have to file a claim in county court. You'll have to pay an attorney unless you're going to represent yourself, so this is really where you have to balance the costs against the compensation you might recover.

What If You Didn't Have a Written Contract?

When you hire someone to do work on your home, you should always have a written contract. The more specific you can be in that contract, the more you're protecting yourself. What if you don't have a written contract, however, and the contractor doesn't finish? You can sue for a breach of contract even if you don't have a written contract. You will have to prove that there was an oral contract, though. What is often helpful in this situation is that increasingly people communicate by text or email, so you might have all of your communications with a contractor when you hired them.

You might also be able to use witnesses as part of your evidence if they saw certain conversations taking place.

Finally, if you did experience a situation with a contractor not doing the work they promised or causing damage, there is often a statute of limitations. That's the legal amount of time you have to file a lawsuit. It varies depending on whether you have a written or oral contract. If you have an oral contract, the statute of limitations tends to be shorter, so you need to be proactive once you realize the contractor isn't coming back and you've paid them.

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The Difference Between a Vacation and Investment Home

Thu, 07 Oct 2021 18:54:47 GMT

If you’ve ever considered buying a second home, it’s important to understand the mortgage rules are a bit different from that of your primary residence. There are also key differences between buying a second home and an investment property, and you should be aware of these distinctions because often the two terms are used interchangeably.

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The Meaning of “Second Home”

The term second home refers to a property that you will live in for part of the year, in addition to your primary residence. It’s usually a vacation home, but a second home might also be somewhere you go for work. For example, maybe you have a condo in a city where you often work, but it’s not your main home.

If you’re going to get a mortgage for a second home, it will usually need to either be in an area known as a vacation or resort location, or it might need to be a specific distance from your primary residence.

A second home loan will often have a lower interest rate than an investment property loan.

Your loan will probably also have what’s called a Second Home Rider.

The rider says that as the borrower, you’ll occupy the property and use it as your second home. The property can’t be part of a rental pool or timeshare agreement, and there can’t be agreements requiring you to rent the property or give a management company or third-party control over the property’s use.

While the above is the general definition a lender might use, every lender is going to have their own specific requirements that might be different from these.

Some lenders, for example, won’t give you a second home loan if you’re going to rent out your home at all. Others will give you a loan as long as you plan to stay in the home for a certain number of days annually, even if you’re also going to rent it out.

What About Financing an Investment Property?

One of the reasons it’s important to understand the differences between a second home and an investment property is because the financing process is different. It tends to be significantly easier to finance a second home compared to an investment property.

Usually, a second home mortgage is going to have an interest rate that’s fairly comparable to those for buying a primary home, and credit requirements tend to be in line with one another too.

It’s harder to qualify for an investment property mortgage, and the interest rate is probably going to be higher, as are the origination fees.

That doesn’t mean an investment property mortgage isn’t without its own benefits.

With an investment property, some lenders are willing to give you a loan more easily because the idea is that the property will generate the cash flow needed to pay your loan and other expenses.

What About the IRS?

The IRS has its own guidance as far as the comparison between a second home and an investment property.

A property can be a second home if you use it for at least 14 days each year, or 10% of the days you rent it. If you don’t meet that standard, it’s an investment property.

Why does it matter?

If you have a second home, you may qualify for a mortgage interest tax deduction. That can be used on interest paid on up to $750,000 in qualifying residential debt.

If you have an investment property, you can use the deduction the same way, but you can deduct interest on your mortgage as a rental income expense.

As an owner of an investment property, you can claim an annual depreciation expense, which would lower the amount of your rental income that was taxable.

No matter how the home is specifically classified by the IRS, if you use it and rent it, you have to divide expenses by the time it’s rented and the time you use it personally.

Finally, if you’re thinking about fudging the truth a bit, that’s not a good idea. You will have to sign off on what your intended use of the property is going to be, and if you aren’t honest, it can be considered mortgage fraud, which is illegal.

How Long is Too Long for a Home to Be On the Market

Thu, 07 Oct 2021 18:40:37 GMT

When you put your house on the market, you obviously want it to sell as fast as possible. That’s not always what happens, though. Even in the real estate feeding frenzy that was 2020, homes spent an average of 25 days on the market.

Sure, it’s a stark difference compared to 2010, when the average number of days to sell a home was a whopping 140, but it’s still not exactly a snappy process.

While the time on the market has, on average, gone down, there are a lot of individual factors that play a role in how long it takes to sell a house. Location, demand, seasonality, and local market factors all play a big role in DOM. So how long is too long, and why does it matter?

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The DOM Metric

DOM stands for “days on the market.”. The National Association of Realtors says days on the market or DOM is the number of days from the date when a property is listed on the MLS to the date when there’s a signed contract for the property’s sale.

When those days on the market tick up, your listing will begin to stale.

The Effects of a Home Being On the Market for Too Long

If your home stays on the market too long without being sold, there can be serious consequences. First, a buyer will know that, and they’re undoubtedly going to use it as a negotiating tool. That means you may have to sell your house for significantly lower than you intended.

When your home seems like it’s a good property, but it stays on the market for too long, especially in a hot market, buyers are also going to start to worry there’s something wrong with it.

Inevitably a home generates the most interest when it’s fresh on the market. That’s when you’re going to see a buzz and sense of activity that will include more showings and phone calls. Then, over time, interest will decline.

Once all the buyers who are currently looking have seen your home, you’re going to have to wait for new buyers to enter the market.

How Long Is Too Long?

You have to look at local conditions to figure how long is too long, but if you’re in a popular area and your home has been on the market for more than a couple of months, it might be time to rethink things.

If you aren’t sure, talk to your agent about the average time other homes in your neighborhood are staying on the market. You don’t want to reduce your price too soon, which is why it’s key to have a good idea of what’s happening with houses around yours.

Should You Relist?

A common way to drum up interest in a home that’s been listed for a while is to lower the price.

Another option is to take it off the market and then relist it all together, although that’s usually also going to mean a price reduction.

Relisting a home can create the perception that your home is just hitting the market for the first time, but some consider it to be unethical.

Better than trying to work against the market is getting your pricing right before you list your home the first time, which is why you need an experienced realtor. You also need to listen to their advice on things like staging and preparing your home to go on the market, because otherwise, a couple of months out you may find your home isn’t seeing much action, and you’ll have to do these things anyway.

Avoid These 6 Common Home-Selling Mistakes

Thu, 30 Sep 2021 18:33:19 GMT

Make sure you avoid these six mistakes while preparing your house.

I’m here today to talk about a few mistakes to avoid when preparing your home for the market. Make sure you don’t do any of these:

1. Overpricing your home. This can be a big problem, even when the market is going up. You won’t have showings, and you won’t have offers. Buyers expect to see your home priced at recent market value or lower.

2. Being too emotional. To the buyer, it’s a house. To you, it’s a home. You may have raised your kids there, but it’s time to move on, so the most important thing now is how much you net. Trust your Realtor because we try to take the emotions out of the process for you.

3. Turning down showings. If buyers can’t see your home, they won’t make an offer, so don’t make it too difficult. We need to put up a lockbox and set appointments, and you should take your pets somewhere else during showings.

"To you, it’s a home. To the buyer, it’s a house."

4. Overimproving your house. There’s a fine line around home improvements. I made a video covering what you should do, but be careful not to do any additional improvements that won’t get you a return. Talk to me before you decide to do anything extra.

5. Decorating based only on the latest trends. Make sure you stick to the neutrals, and don’t follow the latest trends too much. We have a great stager who will help you through that.

6. Playing hide-and-seek during showings. You need to be gone while the buyer is in the house. They need to be comfortable and imagine themselves in that home to buy it.

If you have questions about what you should or shouldn’t do to get your home ready to go on the market, give me a call. I’m also here to answer any other real estate questions you might have. I look forward to hearing from you.

10 Tasks To Help Prepare Your Home for Sale

Fri, 10 Sep 2021 18:26:24 GMT

Here are 10 ways to prep your home for the market.

Preparing your home to sell on the market can seem very daunting, but know that we’re here to help. That’s why I’m sharing the 10 things that you’ll need to do in order to get your home ready for sale:

1. Educate yourself about the local market. What you’ll hear on the news can be a great basis of information, but real estate is local, so you need to take it upon yourself to find out what’s going on in your area. When you sit with us for a listing appointment, we’ll go over all the information you’ll need to know, but it’s good for you to be educated.

2. Follow a to-do list. It’s important to have your agent go through your home and create a list of things to do in order to prepare. At the same time, who you work with matters, so be sure that you’re aligned with an experienced, professional agent who can give you good guidance.

3. Declutter and organize your house. When your house is clutter-free, buyers will be able to focus on the home itself and not on your personal items. Start packing up your extra stuff, and definitely clean out your closets; buyers always look through those. Our stager would be happy to go through your home and give ideas on how to organize.

4. Deep clean. I’m sure you regularly clean your home, but before you sell, it needs to be deep cleaned. Clean your bathrooms and kitchen from top to bottom, as well as your windows and carpets. Be sure to get rid of any lingering odors, too.

5. Replace your light bulbs. I can’t tell you how many homes I’ve gone to where half the light bulbs are burnt out. You want to have all the lights working so that when we do showings, all parts of the home are properly illuminated.

"Buyers will have judged your home even before they’ve walked up to the door, so be sure to spruce up your home’s exterior."

6. Paint the walls in neutral colors. Get rid of any garish paint colors on your walls and replace them with more neutral colors. That will make the home appear larger and warmer.

7. Rent a storage unit. Since you’ll need to start packing, you don’t want to pile up those boxes in the house. If your garage isn’t large enough to hold some boxes while still being visible to buyers, consider renting a storage unit.

8. Call a handyman. We have handymen we can refer that will help you fix any leaking pipes or faucets, broken locks, malfunctioning electrical sockets, and anything else. If a buyer comes in and sees broken items, they’ll think your home isn’t well maintained.

9. Depersonalize. You don’t have to take down all your family photos, but do take down most of them. The goal is to make your home as inviting as possible; you don’t want it to look like your home, but rather a potential buyer’s home. Be sure to put away personal awards, trinkets, and keepsakes too.

10. Make a great first impression. Buyers will have judged your home even before they’ve walked up to the door, so be sure to spruce up your home’s exterior. That includes trimming shrubs, planting flowers, and clearing up your front door area.

If you’re planning to sell your home and would like us to help you, reach out and give us a call or send us an email. We’d love to be a resource for you.

The Importance of Having a Trust

Mon, 30 Aug 2021 18:16:48 GMT

Here’s why setting up a trust is important for property owners.

Today’s topic is pretty serious. When someone you love passes away, it can be pretty tough. The last thing you want is to add a real estate headache on top of your grief. That’s why today I’ll explain the importance of having a trust.

"Trusts save time and money while helping your loved ones avoid headaches."

First things first: what is a trust? It’s a document that changes the legal relationship of a property should anything happen to you. If something unfortunate happens, you ‘trust’ the legal responsibility of a property to whomever you name as the trustee.

There are a lot of benefits to having a trust, but the biggest one is that you can usually avoid probate. Your loved ones gain access to your assets more quickly, and you may be able to avoid some taxes. Trusts save time and money while helping your loved ones avoid headaches.

For example, my cousin passed away last January. I was able to sell her home in March for $680,000. This quick turnaround would never have been possible if she didn’t have a trust. There were certain steps I had to take, such as fulfilling her wishes and setting up a checking account for the trust, but it was far easier than going into probate.

If you own property, you should have a trust. Call me, and I can refer you to a great trust attorney. If you have any questions about today’s topic or anything else related to real estate, please reach out to me via phone or email. I am always willing to help.

Why Our Real Estate Market Is Beginning to Slow Down

Tue, 17 Aug 2021 18:11:05 GMT

Why Our Real Estate Market Is Beginning to Slow Down

Our market is slowing down slightly, and here are the reasons why.

Our market has been in a frenzy over the past few months, with homes drumming up multiple offers and selling within days or even hours of being listed. Now that we’re nearly at the end of the summer season, however, things are starting to slow a bit. Kids are going back to school, vacations are wrapping up, and people are getting ready for fall’s quick approach. It’s all affected on homebuyers and sellers.

"Many houses are still selling above and beyond their list price, but not as many as we saw before."

Some people say the market is crashing, but we almost always see a seasonal slowdown in the market during this time of year. The market has not shifted—it’s just a little less crazy than it was. Homes are taking a little longer to sell—they may be on the market for a week or more instead of being sold within days or hours. We’re also seeing fewer multiple-offer situations; in my opinion, this is a good thing. It may help stabilize the market and temper the skyrocketing prices we’ve been seeing.

We actually saw prices dip slightly over the last month. Many houses are still selling above and beyond their list price, but not as many as we've been seeing recently. Further, we’ll likely see more inventory come onto the market, which is typical for this time of the year. This should give buyers more opportunities to buy a home.

If you’ve been thinking about buying or selling a home, now is a perfect time to jump in and accomplish your real estate dreams. I’d be happy to help you throughout the buying or selling processes, so feel free to reach out to me whenever you’re ready to get started. I’d also love to answer any questions you may have about our market. Until then, I look forward to hearing from you soon.

Four Repairs You Need Before Selling Your Home

Thu, 29 Jul 2021 18:02:04 GMT

Four Repairs You Need Before Selling Your Home

Selling your home is a complex process that may take weeks or months to complete. This is partially because your house may need to be updated or renovated before it can go on the market. What are some of the most crucial fixes that you should make before listing your property?

Update the Exterior

The first thing that you will want to do is make sure that the home's exterior is in good condition. This may involve landscaping work such as removing trees or shrubs that are dead or dying. It may also involve inspecting the roof, siding or other exterior components that may need to be repaired or updated to make the house easier to sell. At the very least, a fresh coat of paint should be applied before putting the house on the open market.

Check the Heating and Air Systems

If you have a central air conditioning unit in your home, make sure that it works properly. This means that it should start easily and produce an even amount of cool air throughout the house.

Ideally, you will have it inspected once a year by a professional. However, inspecting it and making repairs prior to selling your home should be considered mandatory. It may also be a good idea to check the furnace and clean the ducts before you show the home to buyers.

Make Sure the Floors Are Adequate

Whether your home has wood floors or carpet, make sure that they are in good condition. If necessary, wax and clean the wood or put down new carpet in areas where it may be frayed or dirty. If you are going to replace your carpet, make sure that it is the same color and style throughout a given space.

Check the Plumbing and Electrical Systems

Buyers aren't going to want to put an offer on a home that has poor water pressure. They are also unlikely to want to make an offer on a home that has dangerous electrical wiring. If the fixes to either system are relatively minor, you can do them yourself. However, it may also be a good idea to call a professional to make sure that the job is done safely.

Selling your home can be a great way to help you downsize or lock in profits. However, if the process is not done right, it could reduce the sale price of the home or result in the home staying on the market longer than you anticipated that it would.

What First-Time Homebuyers Should Know

Wed, 07 Jul 2021 17:55:09 GMT

If you’re a first-time homebuyer, today’s video is for you.

Are you thinking about buying your first home? Today I’m joined by Karen Dunn of Big Valley Mortgage to answer some key questions you’re probably asking yourself. With the market as crazy as it is, knowing the answers to these questions will save you a lot of stress and heartache. For example, how do you know how much home you can afford?

Feel free to watch the video above in its entirety to learn the answer to this question and more or use these timestamps to skip ahead to various sections at your leisure:

0:56—How much home can you afford?

1:41—How big of a down payment do you need to make?

2:21—How do you get pre-qualified?

3:35—What kind of credit score should you shoot for?

4:40—What other closing costs should you expect?

5:25—Where you can reach Karen

5:56—Wrapping things up

As always, if you have questions about this or any real estate topic, don’t hesitate to reach out to me. I’d love to hear from you.

To Flip or Hold Real Estate

Sat, 08 May 2021 17:50:58 GMT

The idea of flipping a house and making a healthy profit in a relatively short period of time holds a lot of appeal for investors, but is it always the right option? It may be better, depending on your situation, to buy and hold, rather than flip. The following are considerations to keep in mind if you’re ready to delve into real estate investing but aren’t sure of the right path for you.

It’s true that flipping a house can include a faster return on your money and is typically a safer investment than the stock market. Your capital is only at risk for the period of time when you’re working on the home and the time it takes to sell. You don’t have to take on some of the risks of holding the property and renting it out, like vacancies between renters and missed payments.

However, there are significant expenses – expected and unexpected - that come with flipping a house, and these expenses are very often underestimated by novice flippers. There are also tax ramifications when you turn around a property quickly. If you own a property for less than a year, expect to pay a high capital gains tax rate on the income you earn.

What About Buy and Hold?

Another option is to buy a property and hold onto it for the long-term, earning income by renting it out.

The big pro of a buy and hold strategy is the ongoing, passive income. You could be halfway around the world and still earning income on a rental property.

It’s also likely that when you buy property, it will ultimately go up in value. There may be ups and downs along the way depending on the real estate market and the general economy, but for the most part, the longer you hold onto a real estate investment the more benefits you’re going to amass thanks to inflation.

There are tax advantages to buy and hold. When you own a rental property, it’s investment income, so your tax rates are lower, and you can write off the expenses of keeping up the property. Plus, the longer you hold onto the property, the lower your capital gains rate will be when you do sell.

But buying and holding is not without risks, including the potential that you’ll have difficult tenants or tenants who don’t pay. You’ll also have to carry the expenses of your property if it’s vacant for a period of time.

While buying and holding property can generate passive income, it’s not completely passive. You’re going to have to manage the property itself and your renters, or take on the expense of paying a management company to do so.

When you compare flipping versus buying and holding, you have to think about your level of risk tolerance, your investment timeline, and how active a role you want to take in the investment. Make sure to weigh your financial objectives: do you want to make money fast, or do you want to build long-term wealth?

New Construction or Older Home Purchase

Thu, 06 May 2021 17:46:18 GMT

If you’re considering the purchase of a home, you have one big decision to make as you get started: Do you buy a newly constructed home or an existing property? There are pros and cons to each, and you have to weigh them carefully during the decision-making process.

It used to be that buying a new house was almost always more expensive than an older house, but times have changed. Today, building materials for new construction are less expensive than in the past, and new construction is becoming a realistic option for more shoppers. Let’s check out the pros and cons:

What Are the Upsides of Buying an Older House?

Some of the benefits of buying an existing, older home might include:

More high-quality or detailed construction: This isn’t to say that new homes can’t be well constructed, but older homes tend to be more custom-built, with an attention to detail that is harder to find in something mass-produced.
Bigger yards: In the past, land was relatively cheaper, as a result many older homes feature larger lots.
Character: You may prefer the character and charm of an older home.
Established neighborhoods: Neighborhoods with a lot of new homes won’t have as much foliage and trees. An established neighborhood may be more established with towering trees and mature shrubbery.
More walkability: In an older neighborhood, you’re more likely to find shops and restaurants within walking distance, and neighborhoods with older houses tend to be closer to city centers. Newer neighborhoods will sprawl further and further out from the city center by default.

Downsides of Older Homes

Buying an older home isn’t all about the dreamy craftsmanship and charm. There are some very real drawbacks you have to think about.

Smaller spaces: Older homes may have more rooms and are less likely to have an open-concept floorplan. Many of the spaces in an older home are going to be smaller than what we see now. You’re unlikely to find the sprawling kitchens and roomy bathrooms we’‘ve grown accustomed to seeing in newer builds.
Maintenance: Regardless of build-quality – older homes are just that, old. The construction materials and systems will need more frequent maintenance. This might just mean low-cost but tedious maintenance – like sealing cracked concrete walks and caulking drafty windows and doors. Issues like tree roots growing into a sewer line, however, can be costly.
Updates: You may need to update an older home in addition to the regular maintenance. Kitchen and bathroom updates are pricey, but may be necessary to make the home functional for your needs.

What about new construction?

If you go with new construction, some of the benefits include the lack of maintenance, as well as the fact that these homes come with modern features. New construction homes are probably going to have a dishwasher, wiring for electronics and more efficient heating and cooling systems.

New construction homes should come with a builder’s warranty that covers defects in construction or building materials. With a new home you can also rest easy knowing it has been built to current code. There’s also the comfort in knowing the home is truly solely yours, with no mystery DIY projects waiting to be uncovered.

The downsides? Sometimes new construction lacks warmth, charm, or character. If you buy in a neighborhood with tract homes, every home is going to look essentially the same. Trees and yards in these neighborhoods aren’t mature, and you might be looking at a lot of dirt during construction.

Your commute time may be longer since newer neighborhoods often aren’t close to downtowns or city centers. New homes also have a tendency to settle - meaning you might notice cracks in your walls, door frames, and even your foundation.

Search All Homes For Sale NOW!

Outside The Box Lending

Wed, 05 May 2021 17:36:58 GMT

Most mortgage lenders offer the same suite of loan programs. In fact, most loans approved today are either conventional loans underwritten to standards set by Fannie Mae or Freddie Mac or are government-backed programs to the tune of VA, FHA and USDA programs. Individual lenders can also apply their own internal requirements on top of the ones for conventional or government loan programs. These additional requirements are referred to as "overlays" in the mortgage industry. Overlays will reduce the risk of issuing a mortgage loan.

For example, if a minimum credit score for an FHA loan is 580, a lender can up that requirement to 620. It’s perfectly legitimate and it’s why one lender can approve a loan application on the same loan program that was turned down by another.

Underwriting to existing guidelines also makes loans eligible for resale on the secondary market. Secondary markets are established in order to provide liquidity in the mortgage industry. Selling a loan replenishes a mortgage company’s credit lines, enabling it to continue making more home loans. But the ability to sell also means approving a loan using the appropriate standards. Sometimes though, a loan can’t be approved using existing guidelines. Sometimes lenders can offer a program that doesn't quite fit current markets and issue a loan approval ‘‘outside the box.’‘

Such loans are often referred to as ‘‘portfolio’‘ loans. A portfolio loan is one where the lender has no intention of selling the loan but instead keeps it in its portfolio. Lenders who offer portfolio loans often do so to address a particular market niche. If the market is large enough, lenders can produce a brand new loan program to address that market. This often results with loan programs offered and marketed to the real estate and consumer industries. And just as there are investors in the secondary markets, there can also be buyers for a portfolio loan.

For example, newly licensed physicians often graduate with more than their fair share of student loans. Once graduated, these loans will become due. At the same time, new doctors won’t be making the sort of money right away compared to what they would be making with a few years of practicing under their belt.

These new physicians will then have very high debt-to-income ratios, much too high to be approved using conventional standards. Instead, a lender could issue the mortgage loan knowing that while debt ratios are high now, they won’t be later and they’ll have added a new happy borrowing customer to their database.

‘‘Outside the box’‘ mortgages can be produced for most any variety of reasons. And as long as the mortgage lender has successfully identified a consistent market for a brand new loan program, there’s no reason why the lender would stop making these loans.

For consumers, it might be a little difficult to locate a lender who does offer such loan programs but they’re there. Even if an individual lender doesn’t offer a particular portfolio product, they can know who does. In this instance, they can go ahead and approve the loan using these different guidelines and then ultimately sell the mortgage to another lender who will keep the loan internally.

How Much Does it Cost to BUILD A HOME?

Tue, 04 May 2021 17:28:29 GMT

Have you ever found yourself dreaming of your own custom home? With construction prices becoming more affordable in some areas, custom builds can be a viable option for some, but the costs can vary widely. The cost of building a custom home depends a lot on individual factors: where you live, the materials you use, and your square footage.

A custom-built home is different from a production build. In a production build, you’re choosing certain customization options within a subdivision. While your home is custom to some degree, you’re limited to selecting from what the builder or developer offers.

The average cost to build a home was $428,000 in 2019, based on a single-family home of around 2800 square feet. Based on that, the average cost to build a house is $153 per square foot.

Cost by Region

According to the U.S. Census Bureau’s Survey of the Median Price per Square Foot for new homes in 2019, in the Northeast, the average cost was $161. In the West, the average cost per square foot was $139 and in the South it was $100. For the Midwest, the average cost was $106. That means if you want a deal, you’re hopefully building in the South or perhaps the Midwest. The Northeast is the most expensive region to build a home.

That being said, costs can still vary wildly depending on the county, city and state where you’re building.

How the Individual Costs Break Down

When you’re building a home, you’re quite literally starting from the ground up.

After you buy land, you'll begin with site work. Site work includes inspections, plans, and preparing land for construction. This usually costs around $16,000, depending on the extent of the work. This can also include money you’ll have to pay to the local government like the impact fee, which pays for roads and parks in your community.

The cost of a foundation is usually around $25,000. The foundation will include excavation to ensure your land is completely level before construction is started. A home’s foundation costs will also include concrete and lumber. If your home is going to have a basement, count on foundation costs being more.

From there, you pay for framing, which is tens of thousands of dollars, and then you’ll pay a similar cost for exterior finishes. Exterior finishes include the walls and support structures, as well as things like windows and doors. Between framing and finishing the exterior, you’re looking at upwards of $70k.

Count on spending around $35,000 for your systems like your HVAC and plumbing.

Then, you can start counting the costs for your home’s interior. This will probably be where most of your budget goes, and there’s a lot of variance depending on the type of finishes you want. Interior finishes include everything from your countertops and cabinets to your trim.

On top of the actual construction costs, you’ll also need to pay hefty finished lot costs, permitting and other assorted builder fees.

Is it Cheaper to Buy or Build?

There’s no one-size-fits-all answer here, it all depends. For example, the average sale price of a home in 2019 was around $291,000, which is quite a bit lower than the average building price of $428,000. That doesn’t mean you can’t build a cheaper house, it just depends where you live, the size of the project, and the type of materials you use.

If you do decide to build a house, unless you’re paying cash as you go, you’ll need a construction loan. A construction loan is usually converted or refinanced into a mortgage loan once the house is completed.

You go through a similar application process for a construction loan as you do a mortgage, but rather than getting the money in a lump sum, your builder gets a series of draws. Your builder requests a draw when they’re moving onto the next phase of work. An inspector comes out, checks the progress for the lender, and then disburses the draw.

***With all of this being said, the costs of building a home, AND buying a home have gone up considerably with the state of the economy, and the effects of supply chains across the globe. It will be interesting to compare these numbers to the numbers in 2022 or 2023, I'm sure it will show to be a considerable increase!

How Do You Buy & Sell in This Market?

Fri, 30 Apr 2021 17:20:08 GMT

Here’s a quick example of how you can buy and sell in this market.

If you need to buy and sell in this crazy spring market, you still can, and today I’ll tell you how.

When it comes to sellin your home, a lot depends on what you want to do. If you’re moving out of state, that’s a completely different conversation. If you’re staying in the same area, you can apply for a bridge loan—a topic I’ll discuss in depth on one of my upcoming Financial Friday sessions. If you don’t want to do a bridge loan, you can still buy and sell, and here’s an example of how:

Two recent clients of mine from the Elk Grove area decided they wanted to sell their current home and buy a larger one in the same area. Specifically, they told me they didn’t want to be homeless. A solution to this is to move twice: You can sell your home and find an apartment or rental home to rent for a few months while finding another home to purchase.

"You need an agent who’ll be able to walk you through the whole process."

If you want to buy and sell simultaneously, you need to hire an agent who’s very dedicated to finding you a new home. After my two clients told me what they wanted to purchase next, we started looking for homes but nothing matched their criteria. Of course, there were multiple offers for everything. Eventually, I found a home off-market that was exactly what they wanted—larger home, single story, 3-car garage, pool, etc. Then we were able to negotiate terms with the seller and go under contract. Before closing on that home, we were able to sell their current home and negotiate a free rent-back so they can stay there until June 19 and move at their own pace.

Is this always possible? No, but you need an agent who’ll be able to walk you through the whole process and dedicate themselves to preventing you from being temporarily homeless or needing to move twice.

If you’d like to know more about this topic, have questions about bridge loans, or there’s anything else I can assist you with, don’t hesitate to reach out to me. I’d love to hear from you.

Easter Egg Decorating Contest Details

Mon, 29 Mar 2021 17:13:45 GMT

Easter Egg Decorating Contest Details!

We're so excited you want to join in the Easter fun! We can't wait to see what you have created!

Email or Text your photo to Lori@ModeREGroup.com/916-230-0371 by Sunday 5 pm , making sure to note age of creator or creators!
Make sure you are following our Facebook page: https://www.facebook.com/RealEstateElkGrove
Watch for your post on our page and invite your friends to like it!
The most like WINS! The top 3 liked posts will each win a $25 gift card to Target!

How Prop 19 Affects California Homeowners

Wed, 17 Mar 2021 17:08:36 GMT

Here’s what the passage of Prop 19 means for you.

Prior to the passage of Proposition 19, if you wanted to sell your primary residence and take your property tax basis with you, you had to stay in the same county and buy a home of equal or lesser value to the home you were selling.

As of April 1, though, if you want to move from Sacramento to, say, San Diego, you can take your property tax basis with you, and the home you intend on buying can be of greater value than the one you’re selling. You can sell a $500,000 home and buy a $900,000 condo on the water and take your tax basis with you. However, an adjustment is still made on the difference between the old price and new price. Additionally, you can now do it three times instead of the previous limit of once. If your home was destroyed by wildfire or natural disaster, you have an unlimited amount of time to take your tax basis with you.

I’m not a CPA or an attorney, so if you’d like to take advantage of Prop 19, I recommend reaching out to one of those professionals first. If you have any questions about this topic or want to know the value of your home in today’s hot market, don’t hesitate to reach out to me. I’d love to hear from you!

What’s Going to Happen This Year With Real Estate?

Thu, 04 Mar 2021 17:51:03 GMT

Here are my thoughts on what to expect from our 2021 real estate market.

Let’s talk about some 2021 market predictions, shall we? As I’ve warned you before, my crystal ball is very, very murky (you can see what I mean at 0:45 in the video above). Though my predictions are based on economic principles, historical trends, and fresh market data, nothing can be said about the future with 100% certainty. Here’s what we know:

Interest rates and inventory are both exceptionally low and demand is sky-high. As a result, prices keep rising. As long as those factors are present, then we’ll likely see our market stay relatively the same. That’s good news, but we still don’t know what twists and turns could change the composition of our market. If prices were to start dropping, we’d only know what factors were responsible six months after the fact.

"Will we see some foreclosures? Yes. Will that drive our prices off the cliff? No, I don’t think so."

Will more homes come onto the market soon? Will interest rates start going up? How long can our market keep up like this? Should we expect a wave of foreclosures soon? Those are just some of the questions I’m fielding on a daily basis, but it’s important that I address that last one. No, I don’t believe we’ll see a sudden market crash comparable to the one we experienced in 2008 and 2009.

Whereas billions of dollars in cash-out refinances throughout the mid-2000s left U.S. homeowners vulnerable in 2008, homeowners today have much more equity. Even if everything turned upside down tomorrow, sellers could simply use their strong equity positions to head to market. We’d see an uptick in inventory, but it wouldn’t be primarily via foreclosures. Will we see some foreclosures? Yes. Will that drive our prices off the cliff? No, I don’t think so.

Buyers are hurting for more inventory right now, and builders are doing their best to keep up with demand. Still, there’s just not enough supply to go around, so prices are rising. To get their offers accepted, some buyers are waiving their appraisal contingencies. That can cause its own set of issues. (Stay tuned; I’ll share more on that in a coming video).

COVID-19 and widespread social unrest defined 2020, but neither have anything to do with the real estate market directly. There was no way to account for them in our predictions. Now, after 12 full months of living in the pandemic, we’re seeing some hopeful signs. With a possible vaccine surge on the horizon, more sellers might feel comfortable putting their homes on the market. If anybody says they know exactly what’s going to happen this year, just smile and nod—they don’t know more than anyone else.

If you have questions about what’s happening right now in our market or need help buying or selling a home, please pick up the phone and give me a ring. I’m happy to be a real estate resource for you. Be safe, and enjoy the spring sunshine!

What Happens After Forbearance?

Tue, 16 Feb 2021 17:34:49 GMT

After Forbearance – Now What?

Covid-19 has impacted homeowners across the country. With job losses and

income reductions, many have taken advantage of the ability to enter a

forbearance program with their lenders. During the forbearance program, the

agreements state that no late fees will be assessed, and the balance of missed

payments will be deferred to the end of the loan.

As a result, many homeowners have been able to keep their homes during this

time of economic upheaval.

Some of these affected may now have stabilized incomes and are ready to exit

forbearance. They might be wondering if they will be penalized for this if they

choose to refinance or buy a new home. Fortunately, there is good news for these

homeowners. Part of the program is that the lender will not report these late

payments to the credit bureaus so the borrower will not have that issue to

contend with when they are ready to find a new loan.

Lenders understand that this is a unique situation and that it is not representative

of the way a borrower will remit payment in the long run. Additionally, some

potential homebuyers may need to relocate to take advantage of new

employment opportunities—requiring them to sell their homes and buy new

ones. The good news is that homeowners who exit their forbearance plans can

apply for a refinance or new loan after 3 consecutive, on-time mortgage

payments.

Covid-19 has impacted our lives in many ways. Fortunately, the lending

community has taken unprecedented steps to ensure the long-term damage to

individuals and housing is minimized as much as possible.

First Time Home Seller Tips

Fri, 15 Jan 2021 00:55:06 GMT

Tips for the First-Time Home Seller

There is a lot of attention paid to first-time homebuyers. Most real estate agents

and lenders have some kind of guide to help first-time homebuyers navigate their

first home purchase, but what about the first-time seller?

Selling your home for the first time can be just as confusing as a home purchase,

so here are a few things to remember as you navigate your home sale.

1. Before that first showing, it’s important to prepare. This involves not only

cleaning, decluttering, and staging the home, but also learning about your local

real estate market and finding the best agent for your needs.

2. Interview more than one agent and ask lots of questions. Learn about

the services they offer: do they include professional photography, video, or virtual tours?

Ask for a comprehensive market analysis (CMA) and ask each agent their suggestion

for the listing price and their method for arriving at that number. Use this

information to determine the best agent to assist you.

3. Once you have an agent, stay involved. Discuss the plan for showings and open

houses. Try and be flexible to allow for as many potential buyers as possible

viewing your property. Review the listing online for accuracy and stay in touch

with your agent for feedback from showings.

4. Once you start getting offers, respond as quickly as possible. It’s not just about

the price; watch for terms, such as length of escrow and contingencies, when

evaluating these offers. Be prepared to move so that you can take advantage of a

good offer, such as all-cash.

The most important aspect of a successful home sale is the relationship you have

with your agent. Be transparent about your needs, concerns, and goals; insist that

your agent do the same, and working together you will navigate through your first

home sale successfully!

10 Home Inspection Issues That Are RED FLAGS

Thu, 14 Jan 2021 17:11:35 GMT

10 Home Inspection Issues That are Red Flags

Most homebuyers realize that they can’t expect a perfect home inspection report

when buying a resale home. Cosmetic flaws and minor repairs are easily managed

and shouldn’t be deal-breakers. That said, there are some issues that are more

serious and should give the buyer pause if not addressed adequately.

10 Home Inspection Red Flags

1. Leaky and Rundown Roofing – watch for signs of current or past water

damage.

2. Poor Drainage – drainage issues can cause serious damage to the home

foundation, siding, and basements.

3. Foundation Issues – signs of foundation problems can include cracks

around doors and windows or uneven floors. Foundation problems can cost

thousands of dollars to correct.

4. Plumbing Problems – major plumbing issues should be considered carefully

and further explored.

5. Pest Infestations – termites and other wood-eating pests can cause

extensive damage that can be hard to find and costly to repair.

6. Mold – that “musty” smell could be due to hidden mold and further

investigation should be taken as mold can be dangerous to the health of

the family. Depending on the type of mold, it can be very difficult to

remove entirely.

7. Faulty Heating System – a malfunctioning furnace can be a fire hazard.

8. Electrical Wiring – faulty wiring can cost thousands of dollars to repair.

9. Structural Damage – sagging joists, rafters, and door jambs can be evidence

of larger issues.

10.Deferred Maintenance – a home in poor condition could be hiding more

serious issues due to chronic neglect.

Homebuyers should be alert to these issues and know the costs to repair before

concluding the sale. Home sellers should address these issues before putting the

home up for sale to ensure they get the best possible sales price.

How Did 2020 Stack Up to 2019?

Fri, 08 Jan 2021 00:42:04 GMT

Here’s how 2020 stacked up to 2019 in Sacramento County.

Welcome to 2021! I’m sure we’re all glad that 2020 is over with. We went through a lot last year, with the pandemic, social unrest, and everything else. The real estate market, however, learned to pivot, and things turned out pretty well for us. The market was especially hot toward the end of the year.

What better way to start the new year than a comprehensive review of the 2020 market? Here are the Sacramento County year-over-year numbers that illustrate how last year stacks up to 2019:

The number of home sales decreased by 2.5% from 18,528 to 18,063. For all the noise that was made about our lack of inventory, that’s not very much of a drop.

The average days on market dropped from 34 to 24 days. We sold many homes in just seven days—over list price.

The list-to-sale price ratio increased from 98.34% to 98.65%. That doesn’t sound like a big jump, but here’s the kicker: 70% of homes sold for 100.15% of the listing price in 2019, while 77% of homes sold for 101.29% of the listing price in 2020.

The average price rose 10% from $403,107 to $444,633.

The median price rose from $366,500 to $410,00.

Stay tuned for my next video where I’ll share my predictions for the upcoming year. If you’re thinking of selling your home anytime in 2021, I’d love to tell you how I can help you sell quickly and for top dollar, so get in touch with me today. I look forward to hearing from you!

Consider New Construction When Housing Inventory is Low

Wed, 16 Dec 2020 00:38:04 GMT

Tight Seller’s Market? Consider New Construction

Most of the country is experiencing a very tight real estate market. Inventory

levels are historically low, perhaps owing to the concern of strangers traipsing

through the home during this time. Additionally, because most people are staying

home, they have been able to focus on their property and how it fits into their

lifestyle, emphasizing the need to right-size their environment.

With properly-priced homes moving quickly off the market, homebuyers are

frustrated. For those who can be flexible with their timing, new construction

offers an appealing alternative to the resale market.

New construction offers the buyer a fresh, blank canvas on which to create their

perfect home. In any market, this can be appealing, but when resale inventory is

low, this is even more attractive. Yet, new construction is more than modern

floorplans and beautiful finishes. Before buying new construction, it’s important

to ask a few questions first:

• How long will the property take to build, and what possible delays could

affect that timeframe? How does that timeline fit in with selling your

current home or finding interim housing?

• Is your completion date affected by the sale or occupancy of other units or

phases?

• What is included in the base unit and what are the additional costs for

custom add-on options?

• What are the HOA (homeowner’s association) fees and what do they

cover?

In addition, it’s important to understand the exact location of the new home and

any planned developments or improvements which could affect the home in the

future – road noise, parking or traffic congestion, view, etc.

For those trying to compete in this resale seller’s market, it could be time to buy

new. Developers are offering some great incentives in this climate, and it can be a

great alternative for those with a little time to wait.

Working From Home?

Wed, 16 Dec 2020 00:26:59 GMT

Working From Home? What Home Buyers Are Looking for Now

With major employers now stating that their employees will be working from

home for the foreseeable future, many homebuyers have adjusted their list of

desirables in their next home. Some not only need to plan for a home office

space, but also need to accommodate the homeschooling or distance learning

needs of their children as well.

This is impacting the way homes are marketed and the type of features that have

become important to buyers at all price points. Of course, homebuyers with

larger budgets have the luxury of seeking homes with extra bedrooms or offices

and dens already included. But many buyers are not as fortunate and need to find

the needed space in more creative ways.

The easiest way to add working space is within the bedrooms. This offers the

ability to close a door for privacy. Larger bedrooms (both in master and secondary

bedrooms) have been a top priority for homebuyers. Another important feature is

an open floorplan which features a Great Room design. For generations, kids have

done their homework at the kitchen table, and a spacious kitchen/family room

combo makes it easier for home learning without becoming cluttered. Another

option for homebuyers is a separate formal dining room which could be

converted to a workspace.

With all the changes in working and learning environments for both adults and

kids, the home is even more important than ever. As needs change, homebuyers

seek different features from their new dwellings.

Home Issues That Shouldn't Be Ignored When Purchasing

Wed, 16 Dec 2020 00:24:15 GMT

Home Issues That Shouldn't Be Ignored

Home Issues That Shouldn’t Be Deal-Breakers – and a Few That Are!

Finding the right home can sometimes feel like hunting for a needle in a haystack.

Unless you’re buying brand-new construction, every home has some drawbacks,

whether it’s style or real maintenance issues. If you’re looking for your next

home, understanding the difference between minor issues and true deal-breakers

can help you evaluate your options and make the best possible choice.

Manageable Annoyances

• Cosmetic – All aesthetic concerns can be fixed – for a cost. The key is to

understand the difficulty and level of effort or money involved. A dying

lawn can be addressed with new sod. Is the kitchen dated? A new

backsplash is relatively inexpensive. With some fresh paint and new lighting

fixtures, you can easily brighten a room and make a small space seem more

expansive.

• Healthy Homes – Many homes have older carpet, drapes, and other

elements that can irritate allergies. Home air filtration systems are

affordable and very effective in clearing the particulates out of the air.

Replacing the attic insulation and cleaning the vents are easy and

inexpensive ways to correct these situations.

Deal-Breakers

• Foundation Problems – Foundation cracks and other issues can be

expensive or impossible to correct.

• Mold – While treatments for mold are available, they normally involve

major demolition to open walls and flooring for access. Unless the sellers

will correct the mold issue before closing, it’s better to reconsider on this

one.

• Water Leaks – Signs of water damage or existing leaks could be a reason to
search for a different home. Leaks and water issues will most likely bring
you to the mold issue above.

Buying a resale home almost always involves some kind of preexisting issue, but

not all should be reasons to walk away. If the home you like has problems, before

you move on, consider the costs involved to remedy the challenge.

Q: Interested in Winning Prizes This Holiday Season?

Fri, 04 Dec 2020 00:19:15 GMT

Here’s the scoop on our holiday seas on giveaway; spread the cheer!

Today we’re dressed in some mighty fine North Pole attire to tell you all about our 12 Days of Christmas giveaway, which officially kicked off December 1. We know you’re getting this on the first weekend of December, but you still have ample time to enter and win all sorts of wonderful prizes! We’re giving away a Ring doorbell, some french roast coffee, a Sheldon Inn gift card, and more. In total, there are 12 chances to win, and we will have only given away two prizes at the time this message hits your inbox.

To enter, head over to our Facebook or Instagram page, like the page (or the 12 Days of Christmas giveaway post if you’re on Instagram), and tag your friends! For every friend that you tag, you’ll earn an entry. The more entries you have, the more chances you have of winning! So spread some holiday cheer and share this giveaway with your friends and family—they’ll want a chance to win, too!

We look forward to hearing from you soon. Of course, if you have any questions or real estate needs in the meantime, please feel free to give us a call or send an email. Stay safe, and happy holidays!

Q: Why Buy New Construction (And Hire an Agent to Do So)?

Tue, 03 Nov 2020 00:06:49 GMT

If you buy new construction, you need an agent by your side.

Why should you consider buying new construction in our market? Why do you need an agent to help you do this?

To answer the first question, some people just like new homes. Additionally, inventory is very low in our marketplace, but builders are building new homes all the time.

To answer the second question, there are several benefits of having an agent on your side during the new construction purchase:

1. The salespeople in builders’ offices represent the interests of the builders—not you. They’ll be nice to you and help you as much as possible, but they work for the builder.

2. You don’t have to pay our commission—the builder incorporates that into their base price.

3. When we represent you, we represent your best interests. For example, we can ensure you pay the correct closing costs. When the transaction gets into escrow, sometimes the closing costs are different than what was in the contract. Once during a new construction purchase, I found $2,500 that was unnecessarily added to my buyer’s closing costs sheet, and they would’ve paid it if I hadn’t caught that error.

4. We go to the design center with you. When you go to the design center, you get to choose whether you want upgraded flooring, lighting, countertops, etc. You’ll want to spend a lot of money because everything looks so great, but we know which upgrades are best for you and we’ll keep you from overspending.

5. We ensure you get your builder incentives. For instance, builders generally offer an incentive when you use their lender. Is this beneficial? Sometimes it is, sometimes it isn’t. In any case, we’ll compare your lender to the builder’s and see which option is best.

6. We’ll walk you through every step of the process. This kind of purchase can take anywhere from three to six months, and we’ll be there every step of the way. We’ll even be there to help pop the champagne once you’re handed the keys.

The bottom line is that we have a fiduciary responsibility to ensure you’re represented, you only pay what you’re supposed to, and everything in the contract is upheld.

If you’d like to start the new construction buying process or have questions about this topic, don’t hesitate to reach out to me. I’d love to help you. Stay safe and be happy!

Local Pumpkin Patches to Visit this Weekend

Fri, 16 Oct 2020 22:50:13 GMT

Looking for a fun fall day with the family? Give any of these favorite places for pumpkins a visit!

Continue the fun with a family carving contest, and roasted pumpkin seeds! Get fancy and try new

flavors! There are a few listed at the bottom of the recipe I linked!

Share your pics on our posts on these pages!

Facebook Page

Instagram Page

Email Direct!

Q: What’s Been Going on With Sacramento Real Estate?

Tue, 13 Oct 2020 22:29:01 GMT

Here are the latest news and notes from our fall 2020 real estate market.

I get asked every single day to explain what’s happening in the Sacramento area real estate market, and this crazy year, it hasn’t been unusual for me to get asked that several times in one day. We’ve seen a pandemic grip the country and widespread civil unrest put our cities on edge, and there’s still a contentious presidential election awaiting us.

Real estate has been just as wild as you’d expect for 2020, but it’s been an amazing year thus far for the Mode Real Estate Group; thank you to all my friends, family, and past clients for your referrals! We deeply appreciate your helping our business navigate the uncertainty. Now that we’re in the last quarter, let’s take a look back at what’s been going on.

When the pandemic hit, the market completely slowed down for three or four weeks. Most of us feared the worst, thinking that’s all she wrote for real estate—the 2020 market was nailed into its coffin before it even had a chance to live. Of course, we all know there was more to the story; buyers, sellers, and, most importantly, us real estate agents figured out how to get deals done in a pandemic market.

Since then, we’ve been working with really low inventory, which has only caused prices to rise—great for sellers, not so great for buyers. However, buyer demand has been kept alive and kickin’ by record-low interest rates. Right now, rates are hovering around 3%. When my husband and I bought our first home, interest rates were 17.5%, and when the builder managed to bring ours down to 11%, we thought we got ourselves quite a deal! With today’s historic rates boosting affordability in the market, the buyers are out in force.

Most of our listings in the Elk Grove area have been generating multiple offers and selling over asking price.

New construction has not kept up with all this demand, though, which has exacerbated our inventory woes. Only recently have builders begun to ramp up their construction. Since many spring sellers decided to wait or take their listings off the market when COVID came along, our spring market actually hit later in the summer months. July, August, and September were all incredible months. October is shaping up to be just as stellar.

Most of our listings in the Elk Grove area have been generating multiple offers (anywhere from five to 12) and selling for $15,000 to $20,000 over the asking price. Lately, we’ve been seeing competitive buyers increase their initial deposit, shorten the escrow period, and also shorten or remove contingency periods. For example, if a buyer’s loan is already approved and subject only to appraisal, they’ll get rid of the loan contingency. We’ve also seen more buyers agreeing to give the seller a rent-back period for free, or cover some of the seller’s closing costs.

These types of aggressive concessions certainly help buyers get their offers accepted, but the big question is how long these conditions will last. What’s the housing market going to do? Should you wait until spring to list your home? Is spring the time to buy?

After all these years in the business, the one thing I can assure you with regard to the future is this: I don’t know. Unfortunately, my crystal ball broke years ago. That said, I know what the market is doing right now, and all of the data confirms that it’s doing phenomenally. Now is a great time to sell.

Spring 2021 could also be a great time to sell, but there are too many unknown variables at play to say anything definitively; next spring could be affected by new COVID developments or worsening civil unrest in the wake of the election. Don’t miss out on the opportunities in our Sacramento area that exist today.

If you want more information on the market or want to chat about whether it’d be best for you to buy, sell, or wait given your specific circumstances, give me a call. I’d love to learn about your personal real estate needs and give you my honest, professional feedback. I look forward to hearing from you soon!

Q: Why Is a Buyer Consultation so Important?

Tue, 29 Sep 2020 21:04:03 GMT

Here’s what goes into a buyer consultation and why it’s so important.

As a homebuyer, the most important conversation you’ll have is the initial buyer consultation with a real estate agent(s). The buyer consultation is where we get to sit down with you to discuss the home-buying process, your wants and needs as a buyer, and healthy expectations (well, ‘sit down with you’ is figurative, since nowadays we do this via Zoom due to COVID).

In this meeting, we’ll cover every step involved in buying your first home (or securing your next one in the market of the moment), and we’ll also share a bit about ourselves; we here at the Mode Real Estate Team have specific strategies and tools to help our clients achieve their goal of homeownership and become one of our #ForeverClients in the process.

The pre-approval process will be an integral part of our discussion, since it’ll be the step in your home-buying journey. We’ll also do our best to give you an idea of what you can expect out there in the market once we start actively looking for homes.

We’ll explain the finer points of the offer process, which can be a huge source of confusion for many , especially first-time buyers. Preparing for this critical phase starts with understanding these important terms: initial deposit, down payment, contingencies, inspections, and closing escrow.

The pre-approval process will be an integral part of our discussion, since it’ll be the step in your home-buying journey.

Ours is a hot market where homes routinely generate multiple offers and sell quickly. That’s why we’ll also discuss some creative strategies for making your offer as appealing to today’s sellers as possible.

Finally, we’ll determine whether we are the right fit for you based on your needs. When we choose to work together, the fun really begins; we’ll go out and start looking at homes, we’ll write some offers, and then—our favorite part of our job—we’ll hand you the keys to your new home!

Hopefully you enjoyed Part 3 of our home-buying series. Stay tuned for Part 4 where we’ll take a deeper look at that pre-approval process we mentioned above. In the meantime, reach out with any questions or real estate needs; we’re always happy to help!

7 Things That Affect What You Pay for Homeowner’s Insurance

Tue, 29 Sep 2020 20:48:48 GMT

7 Things That Affect What You Pay for

Homeowner’s Insurance

Homeowner’s insurance is a non-negotiable. Not only does it protect you in the

event the home is damaged, but it also includes liability insurance in the event

someone is injured at your home. When evaluating the policy, insurance

companies consider multiple items to determine their risk—and your cost. Here

are 7 things that affect the amount you pay for homeowner’s insurance—some

that might make sense and some that might surprise you.

1. Square Footage – First and foremost, the size of the home is considered.

The larger the home, the more it would cost to replace if damage occurred.

More space also means more furniture, fixtures, personal belongings, and

other items which would be replaced in a claim.

2. Layout – The style of the home is another factor in determining

replacement costs. A single-story home, for example, might have higher

foundation and grading costs, whereas a two-story home would need

alternative construction methods.

3. Construction Materials – The type of material used to build the structure is

important. Wood roofs would cost more to insure against a fire claim, as

would a home with expensive travertine floors. A simpler home of modest

building materials would cost less to insure.

4. Property Age – The assumption is that an older home might have more

deterioration than a newer home and this is considered in the replacement

cost.

5. Home Features – Homes with extra buildings or pools will be insured at a

higher cost than other properties without these amenities.

6. Neighborhood – Local crime rates are reviewed to determine the risk to

property and personal items.

7. Credit Score – Finally, the insurance company will consider the

homeowner’s credit score. Not only does this help them understand if they

are at risk for non-payment, but serious credit issues might be a factor in

how well a property is maintained.

Homeowner’s insurance is important to every homeowner. Not only is it required

by lenders, but it also protects the homeowner against financial disaster in the

event of theft, fire, severe weather, and more. Understanding how rates are

determined can help you compare options and get the best policy for your home.

How to Make Your Offer Stand Out

Tue, 29 Sep 2020 20:40:19 GMT

Getting Outbid? Strategies to Make Your

Offer Stand Out and Get Accepted

Summer is traditionally a busy time for buyers and sellers. This year has been no

exception—and with lower interest rates, many homebuyers are finding the

competitive environment challenging. With multiple buyers competing for

properties, even terrific offers are often being outbid.

Fortunately, there are some things you can do to make your offer more attractive

to the sellers and increase the chances of getting the property.

• Have Full Pre-Approval – A step beyond pre-qualification, a pre-approval

involves submitting your full application to underwriting. Your lender will

collect all your financial data and submit for review. This is stronger than a

pre-qualification; a pre-approval requires the buyer to provide the proof of

their ability to qualify for the loan.

• Increase the Earnest Money – Earnest money is the deposit held in escrow.

While the contract will dictate how monies are disbursed in the event of a

cancellation, increasing the amount offered can show the seller you’re

serious.

• Add an Escalation Clause – In a bidding war, it can be difficult to know what

to offer because you want to outbid the competition without going too

high. An escalation clause is one way to automatically outbid the others.

The clause typically offers an amount—$1,000 for example—higher than

any verifiable offer up to a specific amount. This can ensure yours is the

highest offer.

• Pay any Appraisal Shortage – When offering more than asking price, sellers

become concerned about the appraisal coming in too low. If you are willing

to pay over market value, include the amount of shortage you are willing to

pay.

• Remove Inspection Contingency – This option can be tricky, but if you are
planning a large remodel or are willing to tackle any defects found, then
you can make your offer stronger by accepting the home as-is.

In this fast-moving, competitive real estate market, it’s important to make your
offer stand out from the crowd. These strategies are great ways to demonstrate
to the sellers that you’re serious about buying their home, increasing the chance
of having your offer accepted.

Elk Grove's real estate market is continuing on it's HOT trend!

Fri, 18 Sep 2020 20:31:16 GMT

Elk Grove's real estate market is continuing on it's HOT trend!

These are our latest pending sales in Elk Grove!!!

Home Buyer traffic has increased month over month recently due to low interest rates and prices have been

rising with multiple offers due to low inventory. Chances are there are home buyers looking for a home just

like yours!!! Call us today to find out how much your home may be worth in this current market!

5217 Laguna Park Drive, Elk Grove 95758

3 bedroom, 2 bathroom, 1342 square feet, listed at $395,000 and

went pending in 2 DAYS with 10 offers OVER list price!

9320 & 9340 Polhemus Drive, Elk Grove 95624

Duplex with 3 bedroom, 1 bath and 3 bedroom, 2 bath with single car

garages, listed at $525,000 and is now pending in 11 DAYS with 5 offers

OVER list price!

9433 Newington Way, Elk Grove 95758

4 bedroom, 3 bathroom 2 story with a beautiful pool, listed at $495,000

and went pending in 24 HOURS with 5 offers OVER list price!

And then this one in Stockton was crazy this past weekend!

8604 Lost Meadow Court, Stockton 95210

4 bedroom, 3 bathroom, 2208 square foot 2 story, listed at $365,000 and pending in 5 DAYS with 11 offers OVER list price!

Home Buyer traffic has increased month over month recently due to low interest rates and prices have been rising with multiple offers due to low inventory. Chances are there are home buyers looking for a home just like yours!!! Call us today to find out how much your home may be worth in this current market! 916-405-5765 Direct to our team!

Q: What Happens if an Appraisal Comes in Low?

Wed, 16 Sep 2020 19:04:26 GMT

Here’s what happens when an appraisal comes in low.

Our real estate market has been red-hot recently, and as a result, more and more sellers are asking me an important question: What happens if the appraisal comes in low?

For example, say you list your home at $450,000, receive multiple offers for it, and the price gets bid all the way up to $480,000. The problem is, banks only make loans for homes based on their appraised value, so if an appraiser appraises the home for $465,000 after the fact, you're left with a $15,000 difference.

If you do get multiple offers for your home, you must select an offer you believe will close.

What happens next? You renegotiate with the buyer. They could pay the extra $15,000 in cash, you could reduce the price by $15,000 to the appraised value, or you two could meet in the middle. In this case, that’s $472,500, so the buyer would pay an extra $7,500 and you’d drop the price $7,500.

However, if the renegotiation fails, the deal could get canceled. That’s why, if you do get multiple offers for your home, you must select an offer you believe will close—one that will meet the appraisal amount and have a good lender financing it. Additionally, if the buyer states in their offer that they’ll pay a certain amount (e.g., $5,000) above the appraised value, that’s all the better.

One way my team and I avoid this situation is by meeting with an appraiser before they make their appraisal. I meet them at the house and bring comparable sales of local homes and a list of upgrades with associated costs that the seller has made to the house. I also tell them how many offers the home has and how many are over list price. That being said, you never know what can happen. Three different appraisers can calculate three different appraisal amounts for the same house.

If you have questions about this topic or are thinking of listing your home soon, don’t hesitate to reach out to me. I’m here to help.

Our Client Appreciation Party Is Going to Be a Little Different

Thu, 03 Sep 2020 18:40:07 GMT

Here are the details about our upcoming client appreciation event.

We’re back to announce our 10th annual client appreciation party. Typically, we’d get everyone together for a lovely evening at McConnell Estates Winery. Unfortunately, we can’t have it there this year due to COVID, so we’re doing things a little differently.

Come say hi on September 24 and pick up your wine.

We’re still going to make sure you get your hands on some great wine, so here’s what you have to do. Call in on Monday, September 14 between 11 a.m. and 3 p.m. to choose your wine. We’ll have a few reds, a few whites, and even some moscato for you to choose from. We’ll put you in a drawing for a fantastic raffle prize as well.

Then you’ll join us for a drive-thru wine pickup on Thursday, September 24. Come say hello and get your wine.

There are more details to come so make sure you’re checking your emails and texts. If you have any questions in the meantime, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.

Q: What’s the 2nd Step of the Home-Buying Process?

Wed, 26 Aug 2020 21:56:27 GMT

Here’s how to find the perfect representation for your home purchase.

It’s time to cover Step 2 in our series on the home-buying process: Finding the perfect agent.

A great real estate agent is an essential guide to navigating this crazy market right now. Not all real estate agents are created equal, however. Finding the right agent should be your top priority when you’re ready to jump into this real estate market.

The best agent for you should be able to walk you through the entire process, look out for your best interests, and seamlessly lead you through the transaction. In today’s hot market, we execute transactions every day, especially as more of the process becomes virtual.

Making sure you have the best advice on your side is important; you have to know that you can trust the advice you’re getting. If your agent is trustworthy, they will be able to save you time, money, and energy throughout the process.

A solid agent also comes in handy for price guidance. We do a market analysis on all of the properties we’re looking at before we make an offer to make sure you’re submitting an offer that’s fair market value, and that we can negotiate the right price.

All Realtors are agents, but not all agents are Realtors.

You need to understand beforehand that this process will get very emotional. For most, buying a home is the largest investment they will ever make. Having a concerned yet objective third party to help you stay focused on the items that are most important to you is invaluable.

The first step in finding an agent you can trust is to interview them (we have a list of great questions for you to ask any agent, so just reach out to us if you want a copy). Next, in addition to googling the agent to find out as much info as you can, you’ll want to ask them for client referrals and call some of these past clients yourself.

Finally, you’ll want to choose a Realtor, not just a regular agent. All Realtors are agents, but not all agents are Realtors. Realtors must abide by a strict code of ethics that is based on true professionalism and protection of the public.

Next time, we’ll cover Step 3 of the home-buying process: the buyer consultation. In the meantime, don’t hesitate to reach out via phone or email if you have any questions. We look forward to hearing from you.

Q: What Should I Consider Before Buying a Home?

Mon, 17 Aug 2020 21:48:19 GMT

Here’s why you need to be ready, willing, and able before you buy.

We’re back and very excited to be starting our brand new series, “Path to Homeownership.” Today we’re focusing on making the decision to buy a home.

Buying your first home is not an easy decision, but it can be very rewarding. We don’t take these decisions lightly. We're here to guide and educate people about the process of buying a home and answer any questions you may have.

Depending on your family dynamic and your personal situation, you need to be ready, willing, and able to help you.

When you’re willing to do something, you’re saying “yes”. Your first step would be to say “yes” to buying real estate.

The ability to afford that home is just as important. This is where a lender comes into play, and it’s a very integral part of your decision to buy.

Your first step is to say “yes” to buying real estate.

Finally, being ready is simple. All of your ducks are in a row after you’re ready and able, and now is the time for you to begin your home search. It’s imperative to have a real estate agent as your side as you begin this journey who understands your wants and needs.

Stay tuned for our next episode on how to find the right agent to hire to help assist you on the path to homeownership. If you have any questions for us, don’t hesitate to reach out via phone or email. We look forward to hearing from you.

Q: What Are All the Steps of Buying a Home?

Mon, 27 Jul 2020 21:34:52 GMT

Here’s what you can expect from our brand-new series on homeownership.

Our goal is to empower our buyers by equipping them with the information they need to find, finance, and close on their ideal home. That’s why we’re so excited to bring you a new series that we’ve put together about the steps involved in buying a home. In this upcoming series of videos, we’ll take a closer look at each of the following:

Step 1: Deciding to buy a home

Step 2: Finding an experienced agent

Step 3: The buyer consultation

Step 4: Getting pre-approved

Step 5: Determining your desired neighborhoods

Step 6: Getting your offer accepted

Step 7: Escrow

Step 8: Closing

Step 9: Getting the keys to your new home

Watch for this new series on our YouTube channel, Facebook page, or in your email inbox. In the meantime, just give us a call at 916-405-5765 or respond to this email if you have questions about real estate. We look forward to hearing from you soon!

Wilton Horse Property For Sale!

Fri, 24 Jul 2020 21:29:08 GMT

$1,279,990 REDUCED TO $1,199,990

8450 Berry Road, Wilton, CA 95693

3 Beds | 3 Baths | 2,754 Sq Ft | Horse Facility

Incredible Wilton horse property. Beautifully custom 4 bedroom, 2.5 bathroom single story home on almost 8 acres. Unbelievable property with so many horse amenities...too many to list here, but include 70 x 100 indoor lighted arena with sand footing, 175x250 lighted outdoor arena, paddocks, hot walker, 12x12 insulated tack room, 28x30 hay storage, 3, 14x16 stalls with paddocks, 5, 12x12 stalls with large turnouts, 60 ft round pen with lights and sprinklers and sand, pond, over 200 redwood trees around perimeter of property, 40x60 shop with concrete and electricity, and more! Check individual photos for more details!

Virtual Tour Including 3D Tour!!

To access 3D Tour, click on more info at the top of the video, then 3D Tour on the bottom left!!

Listing Details

Location

Address:8450 Berry Road

City:Wilton

State:CA

Zip:95693

Area:10693

County:Sacramento

Listing

Price:$1,279,990

Property Type:Single Family

Status:Active

Listing ID:20040387

What Does it Mean When Your Loan Goes in to Processing?

Mon, 20 Jul 2020 21:18:26 GMT

What it Means When Your Loan Goes Into Processing

At the very early stages of your loan application, you've likely spent most, if not all, of your time speaking with your loan officer. It's your loan officer that pre-qualifies you, reviews your basic information such as income, credit and employment, among other items, and presents a list of loan options for your review. Your loan officer will also accept your loan application and can run a preliminary credit report including credit scores. Different lenders have different processes during this stage. Your loan officer may be the one that requests all your documentation upfront. Or, your loan officer may run an initial automated underwriting request which will list items needed both initially and at your closing.

This can mean sending copies of your most recent paycheck stubs, W2's and income tax returns. If you're self-employed you can be expected to provide both personal and business returns but also a year-to-date profit and loss statement. Bank and other asset statements will be forwarded to verify there are sufficient funds to close on your transaction. Once you've passed this initial stage, your loan application goes to the loan processor. What does your loan processor do and what can you expect?

Your loan officer will then hand off your file to the processor. The loan officer is always there to talk about the progress of your application and answer questions as your file moves along, but it's the processor's turn now. The loan processor will review the automated underwriting “findings” to make sure that what is asked for is being provided and if not, when the needed items will be submitted. The processor's primary job is to prepare your loan file for submission to the underwriter. If you're asked to provide your most recent paycheck stubs covering a 30 day period and there is only one in the file covering two weeks, the loan processor will ask for additional paycheck stubs to meet this 30 day requirement. The processor will also review the information you've submitted to make sure it matches up with what the lender needs.

The loan processor will also begin ordering information from third parties to complete the loan file prior to submission to underwriting. This means contacting the title company to get a preliminary title report and to open up an escrow and schedule a closing date. You'll need to have an insurance policy to cover the property and protect both you and the lender. You'll provide the processor with your insurance agent's contact information so insurance can be ordered. The processor will also provide your agent the mortgagee clause which will appear in policy. The mortgagee clause provides the insurance company with the legal entity which would receive a claim against the property and provide a payoff.

After the file has been completely documented, it is forwarded to the underwriter. The underwriter is the individual responsible for making sure the loan package conforms with the guidelines issued for the selected loan program. The underwrite will review the submission and in doing so may have additional questions or request more information or documentation. These requests go back to the loan processor who then contacts you to fulfill the underwriter's request. You won't be able to speak with the underwriter directly, instead you'll provide what is being asked for by the underwriter to your loan processor. After all questions have been answered and needed documentation supplied, your loan processor is no longer involved.

Q: What’s Happening in Our Summer Market?

Mon, 13 Jul 2020 21:11:18 GMT

Unique opportunities await both buyers and sellers in this summer market.

Nobody expected a real estate rebound quite like this. As a result, we’re seeing a unique opportunity for anybody thinking of selling a home. I’ll explain what I mean in a second. First, let me give you the details:

1. A surge in demand

According to the National Association of Realtors, pending home sales spiked a stunning 44.3% in May compared with April. That is the largest one-month jump in the history of the survey, which dates back to 2001. It blasted expectations of a 15% gain.

Of course, the reason behind this is the pandemic. Much of the housing market began to shut down in mid-March. Since this is normally the hottest part of the year for real estate, there is a tremendous amount of pent-up demand. But that's not all.

2. Ultra-low mortgage rates

We’re seeing mortgage rates continue to hit new record lows. The 30-year fixed mortgage rate currently stands at 3%—more than a half percent lower than a year ago.

Not surprisingly, this is creating even more demand, as buyers seek to take advantage of these historically low and favorable rates. The lower the rate, the more they qualify for. There's only one thing standing in their way:

3. A lack of inventory

The inventory of homes for sale was low even before the pandemic hit. It's even lower now since many sellers pulled their homes off the market and have been slow to list them once again.

If you were to sell in the current market, you'd have a great shot at selling for top dollar and in record time.

The supply of existing homes for sale at the end of May was nearly 19% lower than the same time last year. It’s July now, but we haven’t increased supply that much; we’re still 12% below where we were in summer 2019.

What does all this mean for you? In short, it means we are back in a strong seller's market. Pent-up demand and low mortgage rates mean there are many buyers on the market.

On the other hand, low inventory means much of that demand is not being met. As a result, prices are rising, bidding wars are becoming common, and homes are selling quickly. Last week, I sold a home way over list price within four days of putting it on the market!

If you were to sell in the current market, you'd have a great shot at selling for top dollar and in record time. Like I said, right now might be a unique moment. It's not clear how long this situation will last. As more sellers start listing their homes, we're likely to have some balancing out between supply and demand.

If you’re curious about selling your home or simply have questions about the current real estate market, give me a call or send me an email. I’m talking to buyers and sellers all day long and have a great feel for the changing market conditions, which I’m very happy to share with you!

Pool Design Trends 2020

Wed, 08 Jul 2020 20:58:48 GMT

5 Pool Design Trends in 2020

Now that warmer weather is upon us, the focus turns to the outdoor space of our home. As

Americans spend more and more of their time at home, this might be the perfect time to

invest in a new pool or pool remodel. Here are 5 trends in pool design for 2020.

1. Natural Pools – As more of us consider the effect of chemicals on our health, more pool

owners are installing natural pools. These pools are built to resemble a natural pond

with boulders, waterfalls, and plants which filter the water naturally. The pool is filled

with filtered water and maintained in an organic filtration process using gravel and

plants.

2. Saltwater Pools – Another way to avoid chlorine is by installing a saltwater pool. These

pools use a salt-chlorine generator to provide residue-free water and this process has

been growing in popularity for over a decade.

3. Tanning Ledges – Also known as a Baja shelf, or sun shelf, a tanning ledge is a shallow

shelf that allows you to stay cool while still enjoying the sun.

4. Rimless Infinity Pools – Infinity pools have been enjoyed at expensive resorts and spas

for years, and more homeowners are now opting to include these beauties in their own

yards.

5. Custom Fit Pools – As yards get smaller, the pre-formed pools are no longer practical.

Almost any yard can fit a pool by having a custom pool designed to fit the space.

Summertime is pool time. As 2020 requires more of us to stay home, a new or remodeled

swimming pool is a great way to enjoy our own backyards.

Buying an Eco-Friendly Home

Wed, 08 Jul 2020 20:46:08 GMT

Buying an Eco-Friendly Home

More and more home buyers are searching for homes that offer better energy efficiency

and use sustainable materials. Eco-friendly homes not only help the environment but

can mean significant savings in energy and maintenance costs. As more home builders

consider the environmental impact of their housing developments, finding an

eco-friendly home is easier than ever before. Here are a few things to look for when

searching for a greener home.

• Nature Use – When searching for an eco-friendly home, notice the use of trees and

other landscaping to save energy by blocking sun and wind—lowering air conditioning

and heating costs by adding a natural barrier.

• Window Quality – Home buyers should notice not only the quality of the windows but

the placement as well. Are they placed to take advantage of the sun during the winter

yet glazed to prevent summer heat?

• Building Materials – Natural materials are not only beautiful but also offer

sustainability and lower maintenance costs. For example, cedar-plank siding is resistant

to both water and pests, which makes it stronger and longer-lasting than other options;

natural stone for counters and floors adds a modern touch, is easy to clean and lasts for years.

• Floor plan – Recent changes in home design trends are turning floor plans upside

down—literally. Look for homes with living spaces on the top floor, which can take better

advantage of natural light while keeping the lower-level bedrooms cooler and more

peaceful.

Sustainable building designs and materials are becoming more common. Home buyers

can find newer homes, as well as remodels, taking advantage of these trends. Buying an

energy efficient, eco-friendly home can provide a beautiful lifestyle and save thousands

of dollars over the lifetime of ownership.

Consider Updating Before You List

Wed, 08 Jul 2020 20:42:17 GMT

Consider Upgrading before You List

Most people have wandered through new home developments and wished their own

home looked as modern and chic. Model homes showcase the latest upgrades and

decorating trends; for home sellers these homes are their competition, and it can feel

daunting to offer an older floor plan and design.

While it might seem like a smart idea to simply offer a buyer credit and list, there are

downsides to this plan, and taking the time to update a bit on your own first could mean

thousands of dollars in your pocket.

Here are a few reasons why offering a credit might not be the best strategy:

• Buyer Impression – A dated home looks old and not all buyers can see the potential.

• Lower Offers – Offering a credit could be viewed as high seller motivation, resulting in

lower offers.

• Value Differences – You and your buyer might disagree on the value of needed

upgrades. For example, you might feel $7,500 is a fair cost for a new countertop

whereas your buyers might expect considerably more; this can lead to more

negotiations and lower sales price.

• Home Condition – A property that shows its age can prompt the buyer to worry about

the overall condition.

• Loan Approval – Lenders are wary of buyer credits; in fact, upgrade credits are no

longer possible. You might have a buyer unable to take advantage of the credit at all and

you could lose the buyer.

Home design trends change quickly. If you’re ready to sell, it could be tempting just to

list your home in its current condition. Before you just add a credit to the listing,

consider some simple updating so your buyers can see the value of your home.

Outdated Staging Tips to Stop Today!

Wed, 08 Jul 2020 20:22:59 GMT

Outdated Staging Tricks You Need to Stop Using Immediately

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If you are selling your home, no doubt you’re getting lots of advice about how to stage your

home to appeal to potential buyers. Maybe you’ve spent time online reading about curb

appeal, maybe your friends have given you advice about how to make your home

brighter, or maybe the advice has even come from your listing agent; regardless of the

source, here are a few outdated staging tricks you should NOT be using.

• Baking – While it’s a nice idea to have treats available, buyers know that the smell of

freshly baked bread is a trick, and they may be suspicious of any odors you’re trying to

mask.

• Fresh Scents – Of course, it’s important that the home smells fresh; however, using

overpowering candles or room fresheners can be overwhelming. It’s better to open

windows to allow a crisp breeze to enter the space, or perhaps place freshly cut flowers.

• Elevator Music – It might seem like a home filled with smooth jazz would lend a relaxing

feel, but it could have the opposite effect. Not only is it difficult to gauge the right

volume, but it’s outdated and corny.

• Matchy-Matchy – Matched sets and uniform color palettes will make a home feel

dated. Mix up the colors and patterns of pillows, bedspreads, and window treatments.

• Holiday Decorations – If your home is listed during a holiday, keep decorations to a

minimum. Less is more for decorations of any kind; keep the home clean and as much of

a blank slate as possible.

Staging a home is an art. The best strategy is to consult with an expert. Your agent can

offer some suggestions for a professional stager who will make sure your home

presents itself in the best possible light!

Public vs. Private School, How to Choose?

Thu, 04 Jun 2020 18:38:54 GMT

How to Decide Between Public and Private Schooling

Public vs. Private Schools

Home buyers know that the quality of the local schools is a critical component of their home

search. Nothing is more important to parents than making sure their children receive quality

education. Competition for college admission has increased to a fevered pitch over the past

few decades, and parents want to set their children up early with the best opportunity for

their future success. More and more, home buyers are not simply looking at the public school

system when choosing a new home, but the private school options as well.

Making the important decision about where to send your children to school requires some

thought; here are a few of the benefits of each that can help you the right choice.

Benefits of Public Schools

• Higher Qualified Teachers – On average, public school teachers have higher educational

qualifications than those of private schools, many having Master’s degrees.

• Strong Focus on Core Subjects – Public schools focus on the basics with an emphasis on

mastery.

• Wider Extracurricular Activities – Public schools tend to have a larger population and

can offer a vast array of sports teams, theater, arts, and music programs.

• Diversity – Public schools have students from all economic and ethnic backgrounds.

Benefits of Private Schools

• Smaller Classrooms – On average, private schools have a smaller student-to-teacher

ratio than public schools.

• Strong Parent Involvement – Private schools not only encourage but rely on parent

involvement.

• Less Red Tape – Private schools are not required to follow the strict state guidelines,

which allows them to make quick decisions and adjustments based on each child’s

needs.

Both public and private schools can offer students a solid education and school experience.

Every community is different, and understanding the pros and cons of the local choices is

becoming more and more important to parents.

Cool Ways to Re-purpose Old Furniture

Thu, 04 Jun 2020 18:11:13 GMT

7 Ideas for Transforming Old Furniture

Are you looking for a fun project that will add some pizzazz to your home – that doesn’t

require a degree in carpentry? Before you leave your old furniture on the curb with a sign

that says, “free to good owner,” here are 7 creative ideas that will revitalize that furniture

and leave anyone feeling handy.

1. Rustic Planter – Enhance any backyard space by painting an old bedroom side table with

a fun color, pull out the drawer, and use it as a planter.

2. Kitchen Island – No built-in island? Transform an old dresser by adding a custom

counter top. The drawers will come in handy also.

3. Crib Appeal – We all need more storage. Take off one of the side rails of that old crib

and add a piece of glass or butcher block on top to make a cool bookcase or craft table.

4. Cabinet Door Headboard – Reuse those old cabinet doors by creating a custom

headboard for a guest bedroom. Paint white or multi-colors for a country chic look.

5. Vanity Transformation – Remove the backing from an old dresser, add a sink, and you

have a cool vanity for your bathroom.

6. Bed Spring Bottle Holders – No wine rack? No problem. Remove old mattress

bed springs, attach to a wood panel, and store your wine bottles with this cool rack.

7. Pet Bed – Every pampered pet needs a bed. A drawer from an old dresser makes a cool

pet bed. Attach some short furniture legs and add a cushion for indoor or outdoor use.

If you have some time on your hands and old furniture to get rid of, maybe you can

re-purpose them and spruce up your décor at the same time with these fun ideas!

Tips For Making Your Home Show-Worthy

Thu, 04 Jun 2020 18:05:02 GMT

Make Your Home Show Well While on the Market

Everyone dreams of living in a model home – a beautiful modern room with the perfect vase of flowers sitting decoratively on a glass side table. Unfortunately, life doesn’t always work this way. Our homes tend to look more “lived in” with a pile of shoes by the front door, school books on the kitchen table, and cat hair on the sofa.

If you have your home listed for sale , then you also know the stress of looking around your home after a phone call requesting a showing with a few minutes’ notice. You want your home to show well so the buyers can see the beauty of the home you love, but with such short notice, how can you convert the lived-in look to a show-ready property?

Fortunately, there are a few tricks for helping you keep your home show-ready at any time.

• Plan in Advance – Before you even list your house, consider the adjustment you’ll need to make in your lifestyle. Move non-essential items to a storage unit, to not only create visual appeal but make it easier to clean quickly.
• Containers – A simple way to quickly eliminate toys, clothes, shoes, sports equipment, and other items is storage bins. Keep some handy to throw excess items into before a buyer shows up, and move them to the garage or basement, or even the back of a vehicle.
• Establish a Routine – Get everyone in the family involved in establishing a daily routine. The less clutter that accumulates, the easier it is to move out of sight quickly. All family members should have morning and evening duties to keep the home tidy. If things are kept up on a daily basis, it will make the clutter and mess less overwhelming.

Unfortunately, your life doesn’t stop just because you’ve listed your home for sale. Keep it show-ready by preparing in advance, so those last-minute buyers can see your home’s charm and not the day’s clutter!

How to Prepare Your Home for a Virtual Tour

Thu, 04 Jun 2020 17:57:41 GMT

Preparing Your Home for a Virtual Tour

Technology is helpful in so many areas of life, even real estate . Twenty years ago, if someone were moving across the country, they’d have to wait to buy a house until they arrived to start their new life, or they’d have to buy a home without seeing it in person beforehand. Both options would cause extra unwanted stress on top of moving to an unfamiliar place. Luckily, with the rise of technology, virtual tours are here to save the day!

When it comes to creating a virtual tour, don’t panic . Your real estate agent will be there to guide you through the entire process. An agent may help to schedule a videographer to come to your house, or utilize software like Tour Wizard or My360 to create a virtual tour of their own that can be added to the listing. Real Estate Agents can also use FaceTime or other apps to give their customers a tour of a house that doesn’t include a virtual tour of the listing.

There are a few ways to prepare your home before filming a virtual tour . Start by turning on all the lights in your home and opening the blinds or window coverings. You’ll need optimal lighting to get the best footage, so your realtor will most likely schedule filming in the morning or late afternoon. Take time to clean your house before the virtual tour and remove all clutter and any furniture you don’t want to be seen. Your realtor will
help you with a simple staging of your home beforehand so it looks presentable in the video. The great thing about staging for a virtual tour is you’ll only have to keep it that way for a couple of hours before you can put everything back where it belongs.

Once the virtual tour of your house has been edited, it’ll be ready to show potential buyers . Your real estate agent will show you the final footage and add it to your listing. Anyone interested in taking a virtual tour can easily watch it online to get a good idea of what to expect in person. When you’ve decided it’s time to sell your home, a virtual tour can be a great way to get more people to see it and secure a buyer in less time than a traditional open house. Not only does it give potential buyers a first glimpse, but it also ensures that only people who are seriously considering purchasing your home request a tour or show up to the open house.

Home Inspections and Appraisals in Real Estate

Thu, 28 May 2020 17:51:21 GMT

Even during the COVID-19 outbreak, real estate transactions must go on. Buyers and sellers still need to move, and the industry is looking for new ways to accommodate both the needs of the transaction and, of course, the safety of everyone.

Many traditional real estate activities can be performed virtually. While no one is suggesting that a buyer will be comfortable buying a home they have only seen during a Zoom visit, they can minimize the number of homes they physically visit by pre-screening these homes ahead of time through virtual tours.

There are a few vital pieces of the transaction that require in-person visits, however. Among these are home inspections and appraisals. Both of these professionals need access to the property to properly perform their duties, and it leaves some potential home sellers and buyers wondering if it’s even possible to conclude a real estate transaction right now. While everyone should cautiously move forward according to their personal sense of comfort, there are a few things you can do to protect yourself, your family, and the professionals while they are in your home. Before setting the appointments, think through the parts of your home the inspector or appraiser will need to access and think through the process.

Contact the home inspector and appraiser and work out a plan together to keep everyone safe:

• Communicate with them about off-limit areas, and what parts of the home they can access.
• Have a notepad in which they can communicate what parts of the home they came in contact with, and offer hand sanitizer and wipes for them to use before and after
touching parts of the home.
• Finally, leave the home during the appointments, and clean properly once you return home.

Life does move on – if you are trying to buy or sell a home during this challenging time, it might take extra effort. However, working with your real estate team, you can conclude a successful real estate transaction amid the COVID-19 outbreak.

Easy Ways to Spruce Up While You Shelter in Place at Home

Thu, 28 May 2020 17:43:33 GMT

Everyone is spending more time at home right now. With so much time on our hands, it’s natural to want to spruce up our homes. While furniture stores and other retailers are closed, the good news is there are home improvement stores and online delivery to help us make the best use of this time and make some easy changes to freshen up our homes.

7 Easy Ways to Spruce Up Your Home

1. Outdoors – Big box home improvement stores are open and full of spring blooms; this is a great time to add color to your yard.

2. Update Your Kitchen – Kitchen trends have changed. Add some color to your space with modern paint or even a colorful appliance.

3. Re-imagine Your Living Room – With a little time to kill, try moving your living room furniture around for a fresh look. Visit a local big box store for decorative pillows, area rugs, frames, vases, and other décor details.

4. Change Your Walls – An accent wall is an easy way to liven up your space. Invest a couple of hours to paint one of your walls a fresh color. Build a gallery wall with family or vacation pictures – anything that draws attention to the wall and interest to the room.

5. Improve the Lighting – Simple things like installing new light bulbs or fixtures can really change the mood of a room.

6. Plant a Garden – Whether inside or out, there’s no better time to try your hand at an herb or fresh vegetable garden.

7. Clean and Organize – Take the time to finally tackle that cleaning project. We’re all spending more time at home; as we appreciate our homes more, we can also take this opportunity to tackle some of the changes we’ve been wanting to make.

Family Night IN Activities

Thu, 28 May 2020 17:39:24 GMT

During the past couple of months, families have been asked to stay at home. It can be challenging to keep everyone entertained when we aren’t able to go out of the house except to work in essential jobs, enjoy fresh air, and get groceries. Luckily, there are plenty of fun activities that the entire family can do together at home. Here are a few to inspire your own family to make lasting memories while spending quality time together at home.

1. Movie Night —This is a simple activity that everyone will enjoy. Every time you have a movie night, let a different family member pick their favorite. That way, everyone will have a turn choosing something to watch in the coming weeks. Better yet, consider a movie marathon over the weekend and allow each family member to choose one leg of the marathon. Don’t forget to bring popcorn and treats. In fact, make it part of the activity and make a delicious treat as a family to share during the movie.

2. Homemade Pizza —Many families have a tradition of ordering pizza once a week (or when no one feels like cooking). Do things a little different while you’re all at home together and learn to make pizza at home. Choose one type that everyone enjoys, or let everyone make a personal-sized pizza and add whatever toppings they’d like. Learning to make pizza at home is also an excellent opportunity to teach your kids a new skill.

3. Backyard Camping —Just because you can’t go out on vacation doesn’t mean you can’t have a family outing in nature. Involve the whole family in setting up the tents and sleeping bags in your yard. Have a campfire, sing songs, tell stories, and roast marshmallows. Before bed, take some time to admire the stars. The best part is that everyone can get ready for bed in the house, and it’ll be easy to make a delicious breakfast when everyone wakes up in the morning.

4. Dance Party —Make a playlist of your family members’ favorite songs. Gather together in one room and dance to your new playlist. It’ll be a great way to laugh together and let go of any stress you may be feeling at the moment. It’s also a great way to get moving and get some exercise!

5. Art Night —Bring out the crayons, pencils, watercolors, and paper. Come up with a theme, such as summertime, animal friends, or family portraits. It’ll be fun to see what everyone comes up with while allowing them to get creative.

During an uncertain time, it can be challenging to know how to keep your entire family entertained. However, it’s the perfect opportunity to make memories and do things that you don’t always have time to do together. Cherish these fleeting moments with your loved ones!

Changes in the Mortgage Market Since Covid-19

Thu, 28 May 2020 17:34:02 GMT

It’s been difficult to adjust to a new normal during the past few weeks. With most residents being asked to stay at home, there are many who have recently lost their jobs or been asked to work remotely. The mortgage industry has also taken a big hit that has directly affected homeowners, renters, and investors alike.

There are many who are in the final stages of closing on their homes, and the current pandemic has made it difficult to efficiently move forward with the process. To help, desktop and exterior only appraisals are being accepted as long as there is sufficient property information available
online. Potential borrowers can also now submit their verification of employment via email, paystub, or bank statement to help streamline the process.

Significant changes have been made during the recent outbreak of COVID-19 to help homeowners get through this trying time. Those who have lost their jobs may be eligible for reduced or suspended mortgage payments for up to 12 months while they regain their footing and find new employment. All foreclosure sales and evictions have also been suspended for 60 days to give borrowers a chance to catch up on their payments. Homeowners who are behind on their mortgage will also receive help to create a plan to maintain or reduce their monthly payments moving forward.

Renters who are currently unable to make their monthly rent payments are advised to reach out directly to their landlords. Owners of these properties will be given mortgage forbearance by Fannie Mae and Freddie Mac if they suspend all evictions for renters that have been directly affected by COVID-19. This plan is directly designed to prevent tenants from being evicted because they are unable to pay their rent due to a recent loss of their job.

One benefit of the recent changes in the mortgage market is that interest rates have been near an all-time low, and it may be an excellent time to buy your first home or refinance your current mortgage. If you’ve had your eye on the market for a while now and want to take advantage of
the current interest rates, it’s the perfect time to call your loan officer and start the process of locking in your rate before interest rates start to increase again.

It can be hard to keep track of all the changes. Lenders are working around the clock to answer all your questions and will support you in any way that they can. Give them a call if you need help or have any specific questions regarding your loan.

Organize and De-clutter While You’re Home

Thu, 28 May 2020 17:27:22 GMT

During a time when so many people are hunkering down at home, it can be challenging to keep a tidy house, especially when you have kids, pets, and other adults living in the same space. It can be stressful and overwhelming at times, trying to find a balance of keeping everything
organized and clean while maintaining one’s sanity. There are a few tips to help keep your house in order while everyone is home, and while you have some downtime to knock out some much-needed organization projects.

Schedule Clean-Up Time Before Bed
Take ten minutes every evening for the entire family to help clean up the house. Run the dishwasher, wipe down the counter tops, and put away any clothes lying on the floor. This is also a great time to have your kids help by cleaning up their toys, books, or any crafts they used
during the day. Everyone will start each morning off with a clean living space and play area. It’ll make it much more manageable to maintain throughout the day, and when the time comes to tidy up in the evening, the mess won’t be so overwhelming.

Clean Out the Junk Drawer
There is always at least one drawer or cupboard in every household that becomes a collecting place for items without homes. Take some time to clean it out and make it into a manageable space again. Make it easier to identify where odds and ends go, to help prevent the drawer or cupboard from getting cluttered again.

Combine Similar Items
Use any containers you already have at home, or order a few online to get organized. Totes, boxes, or baskets can help contain items and make them easier to find. Start with your kitchen and craft area by combining similar items together—for example, cereal, pasta, rice, crayons, beads, etc. This makes it easy to take inventory of everything you have by keeping the same types of items together.

Label Your Containers
Once you’ve taken the time to consolidate and put all like items together, make sure to label each container with its contents. This will make it much easier to find what you’re looking for, especially when you can’t see inside the boxes or jars you’re using for storage.

Spending a significant amount of unplanned time at home can seem daunting at first. However, if you take the time to organize while you’re at home with your family, it’ll leave your space feeling much cleaner, and you’ll better enjoy your surroundings. In addition, it will be much
easier to find everything that you need once your life gets back to normal, and everyone gets back into their routines.

5 Questions Sellers Have During Coronavirus Outbreak ANSWERED

Fri, 24 Apr 2020 17:20:06 GMT

There are so many questions and concerns amid the Covid-19 coronavirus outbreak. The real estate market is especially hard hit and sellers are concerned. Real estate at its core is a people business. It relies on person-to-person interaction and the coronavirus necessarily limits this contact. As the spring selling season gets started, home sellers will have questions and it’s important to acknowledge concerns and offer practical advice and concrete information to help sellers make the best decision for themselves and their families.

1. Should I still try and sell my home ? – Of course, there are many aspects to this question. First and foremost, the health concerns of the sellers’ family have to be taken into consideration. Unless absolutely necessary, the elderly and those with underlying health issues should not allow
unnecessary people into their homes; including buyers and agents. If the household is essentially healthy and not considered high-risk, then
this could be a great time to sell. Consider the advantages of lower inventory coupled with low-interest rates; as listings become rarer, the
remaining inventory will get more attention which could create better offers.

2. Is it safe to have people through my home ? – This is certainly a concern, but there are practical steps you can take to ensure safer home showings.

3. What can I do to protect my family during showings ? – Protect the home, family and visitors alike by taking the following precautions.

a. Keep hand sanitizer at the front door to offer buyers and their agents when they enter the home.
b. If there is a guest bathroom, keep disposable hand towels and soap for guests to use and make the request known to the showing agent.
c. Offer disposable gloves for use with a receptacle for used gloves.
d. Limit the showing days and hours so you can properly clean between showings.
e. Have cleaning wipes handy. Request agents to wipe surfaces, door handles, and banisters which are touched during the showing.
f. Ask your agent to offer virtual showings or host virtual open houses

4. What happens if my buyer loses their job ? – Most real estate contracts include a contingency for the buyer loan approval and funding. Now more than ever, it’s critical to keep that contingency in place. In the unfortunate event the buyer loses their job or can no longer qualify for the loan during the contingency deadline, the parties cancel typically cancel the contract.

5. Will I get a higher price if I wait to list my home ? – The truth is no one knows. We don’t know how long or short the crisis will be and we don’t
know how the financial market will weather the outbreak. While this is a question the seller will ultimately need to decide, the old adage about a
“bird in the hand” is important to remember.

This spring selling season has proven to have unique circumstances – please contact your real estate agent to learn more about the current outlook and opportunities in your local market.

What is Forbearance, and Do I Qualify?

Tue, 21 Apr 2020 17:11:37 GMT

We are writing to you because there is a lot of information out there right now on mortgage loan forbearance and we want to make sure you understand what this can mean to you and your loan.

First, what is a forbearance? With this option, you and your mortgage company agree to temporarily suspend or reduce your monthly mortgage payments for a specific period of time.

With thousands of layoffs and uncertainty you may be wondering what would happen if you missed your mortgage payment. The widespread misery spread by COVID-19 has left many homeowners scrambling to figure out how to pay their mortgage payments. You may have even heard that some lenders are allowing you to not make your payments for the next 3 months. Please remember forbearance is NOT FREE.

Many homeowners could be asked to pay back all of those missed mortgage payments in one lump sum at the end of the 90 day forbearance period, which could be a near impossible feat for many who can’t afford their payments today. Some lenders may allow you to add these missed payments on to the end of your loan, but you must have clarity from your lender on this. Government backed loans, such as Fannie Mae, Freddie Mac and FHA say their borrowers are never required to make lump-sum payments and they may offer assistance plans, but you still need to be careful. Even with government backed loans you will still need to make good on those missed payments eventually.

The Mortgage Bankers Association expects homeowners seeking forbearance to increase over the coming months. This is something we hate to see because we know this could lead to more problems in the future.

Please remember, nothing is FREE. If you can pay your mortgage, pay your mortgage. If you can’t pay your mortgage, or can only pay a portion, contact your mortgage servicer immediately. And unfortunately, expect to be on hold for at least 1 – 3 hours as most of these servicer’s are very busy right now. And please don’t hesitate to call us so that we can talk to you about your options! These are trying times and we want you to know we are here to help you through it.

The worst thing that can happen as a Realtor, is to hear that one of our clients is losing their home. Don’t wait too long. We can help you navigate through this. If you are in a situation where you don’t know what to do, please reach out to us!

Until we talk to you hopefully soon, STAY SAFE!

4 Bedroom in Sacramento with a Pool!

Mon, 27 Jan 2020 18:08:28 GMT

Pool!

9478 Stewarton Ct. Sacramento CA 95829

4 Beds | 2 Baths | 1912 SF | 1990 | Pool

So many upgrades this home feels like a custom build! Do you love entertaining and have no need for a formal living/dining?! This home comes with a game room! Pool table, built in bar, cool lighting, and more! Then get cozy with the family by the fireplace in the great room, with a view to the sparkling pool and brick patios! You’ll looove the finishes in the open kitchen! Gorgeous granite counters, subway tile back splash, upgraded appliance package, and bright white cabinets! Front 4th bedroom converted to den with built in shelving, extra large arched entry and storage closet. Master suite has tons of natural light with slider to back yard, clear story windows, and all hard surface flooring! New water heater, newer windows throughout, large base, ceiling trim, plantation shutters, gorgeous guest bath, ceiling fans w/ lights in all rooms, and too many more details to list!

Mode Real Estate Group | BRE # 00935148 | #00875356
9250 Laguna Springs Drive, #100
Elk Grove CA 95758

How to Get Over Losing Out on Your Dream Home

Thu, 23 Jan 2020 18:02:45 GMT

How to Get Over Losing Out On Your Dream Home

“I’m so sorry, they went with another offer.” It’s a shocking thing to hear; you’ve already moved into that dream home in your mind. It’s common to start second guessing yourself, even condemning yourself for not offering more money or better terms, but the truth is sometimes it just doesn’t work out. The next step is to figure out how to move on.

• Go Ahead and Mourn – It’s perfectly reasonable to mourn the loss of the “perfect” home.
• Take a Break – This might not be as easy as it sounds if you need to move, but even a short weekend off to regroup and refresh will allow you to
continue the search.
• Understand What Went Wrong – It may be that you did nothing wrong and the seller got an all-cash offer 20% over asking, but it’s still a good idea to talk with your agent about your offer, make sure you truly offered a fair price with reasonable terms and if not, make adjustments next time.
• List What You Liked About the Home – Make a list of the features you liked about the home – open floor plan, big yard, expansive view, etc. This will allow you to watch for these features as you continue the search. Losing out on your dream home is sad, but it doesn’t mean you won’t find
another home you love just as much. Take some time to think through the experience and keep going – there are so many homes to choose from, you’ll find another home to love.

Pantone Color of the Year! 2020

Thu, 23 Jan 2020 17:57:48 GMT

2020 Pantone Color of the Year – Classic Blue

Drum roll please – Pantone has chosen Classic Blue as their color of the year. Over the past couple years, bold colors on walls has become common place in designer magazines and new model homes. Bucking the old guidance of using bland, light hues to make rooms look larger, deep greens, rich reds and even soft blacks are used in even the smallest spaces. This year, Pantone has chosen a fresh Classic Blue to inspire homeowners and designers in 2020. Classic Blue is just want it sounds like – as classic. Think of your favorite sneaker or school binder and you’ll be right on track. Described as a calming, familiar azure, Classic Blue is an uncomplicated, straightforward tone intended to provide a “neutral” backdrop for modern color palates and urban chic styling.

Modern interior design has been trending towards more unassuming color schemes for furniture, flooring and accents. Kitchens sport sleek white cabinets and subway tile counters and backsplashes. Tone on tone design with urban elements of steel and soft wood tones lend themselves to this fresh blue hue. Pantone suggests that the simple color palate of blue and white is a comforting return to more traditional styling and expects that Classic Blue is the perfect wall color to compliment the Mid-Century and 60s décor that have emerged with a modern twist.

A great weekend project for a room or rooms, Classic Blue would add a fresh look to any space.

Millennials: Home Buying Process is Well Worth It!

Tue, 03 Dec 2019 00:15:11 GMT

Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over.

- According to National Mortgage News ,

“Millennials, those young adults now aged 23 to 38, are now entering their peak household formation and home buying years.”

If you’re a Millennial, you’re already well aware that you’re among a generation of those who favor fast-paced, real-time answers – and results. When you’re ready to make a decision, it’s go-time, and you probably want the latest technology at your fingertips to make it happen.

National Mortgage News agrees, stating,

“Millennials are different than previous generations—not only in their delayed home buying but also in how they approach interactions with financial institutions, including mortgage lenders. Taking a picture of a check on their phone and depositing it without visiting a branch is not novel, it’s the way Millennials learned to do banking. They expect real-time access to account and transaction data and are frustrated when it’s not available.”

Here’s the catch – the overall speed of the home buying process can take some time, and it might feel like it is slowing you down. When you’re ready to buy, you can make an offer and go under contract quickly, but the rest of the process might take a little longer. The same article explains why:

“When Millennials apply for a loan, the mortgage lender must qualify the borrower and determine who owns the property, how much the property is worth, and the property’s risk profile. Traditionally, this has been one of the most time-consuming and fragmented parts of the mortgage process…There are many moving pieces, each data point being sourced from a different provider, which can ultimately lead to a lengthy or delayed process.

What has historically been accepted as the process norm does not align with the expectations of the most prominent generation in the home buying market today. Millennials have come to expect rapid, digital workflows in their daily purchase decisions, and in their mind, the home buying process shouldn’t be any different.”

So, where do you go from here?

If you’re pre-approved for a mortgage, that will help speed things up. But the steps it takes and the time to finalize a loan with most traditional lenders may feel like an eternity to you and your generational peers. Don’t worry, though – it’s well worth the wait when you finally get the keys to your new castle!

The financial benefits of home ownership, like increasing your net worth by building equity, and the non-financial benefits, like being able to customize and improve your space, will ultimately set you on the course to happiness, success, overall satisfaction, and much, much more.

Bottom Line

If you’re feeling like it’s go-time, let’s get together and get the process moving to determine if home ownership is your next best step.

The Cost of Renting vs. Buying a Home

Tue, 03 Dec 2019 00:12:29 GMT

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Some Highlights:

Historically, the choice between renting and buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear.
Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.

7 Reasons to List Your Home This Holiday Season

Tue, 03 Dec 2019 00:08:26 GMT

Around this time each year, many homeowners decide to wait until after the holidays to list their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why listing your house now or keeping it on the market this winter may be the best choice you can make.

Here are seven great reasons not to wait:

Relocation buyers are out there now. Many companies are still hiring throughout the holidays, and they need their new employees to start as soon as possible.
Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
You can restrict the showings on your home to days and times that are most convenient for you. You will remain in control.
Homes show better when decorated for the holidays.
There is minimal competition for you as a seller right now. Over the past few months we’ve seen the supply of homes for sale decreasing year-over-year, as shown in the graph below:

The desire to own a home doesn’t stop during the holidays. Buyers who were unable to find their dream homes during the busy spring and summer months are still searching, and your home may be the answer.
Late fall and early winter make up the “ sweet spot ” for sellers. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge and reach new heights in 2020, which will lessen the demand for your house next year.

Bottom Line

It may make the most sense to list your home this holiday season. Let’s get together to determine if selling now is your best move.

3 Benefits to Owning a Home

Mon, 02 Dec 2019 23:59:44 GMT

Expert Advice: 3 Benefits to Owning a Home

Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner and Real Estate Investor, has certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate:

1 . Real estate diversifies your income

“While it is certainly important to be properly diversified with your investments, it is even more important to be diversified with your income. This is because the largest financial risk for most of you is the loss of your primary source of income, which is typically in the form of a day job.”

The article highlights how having multiple sources of income, such as those derived from real estate investments, can eventually lead to relying less and less on a day job. Sound dreamy? It can be. When done well, real estate investments may eventually open up your time and the financial freedom to explore other things, like travel and other aspirations you may have for the future, particularly in the golden years of retirement .

• 2. Real estate produces near-immediate results

Currently, home prices are appreciating in all price ranges, and just last week CoreLogic announced their 12-month home value projection at 5.6%, an increase from 4.5% noted earlier this summer. With that in mind, real estate today is definitely driving immediate results!

3 . Passive income can help you become financially independent sooner

“If you need $40,000 a year to live, you could alternatively invest in assets that generate an 8% cash-on-cash return.

This is a very reasonable assumption. And it means you would only need to save a total of $500,000 (instead of $1 million).

Yet, your investments would still meet your annual household living needs.

While returns, taxes, and inflation can, of course, affect your timeline, cash-flowing real-estate is a clear asset.”

Home ownership is a form of ‘ forced savings .’ Every time you pay your mortgage, you’re contributing to your net worth by increasing the equity in your home, bringing you one step closer to true financial independence.

Bottom Line

If you want to increase your savings and overall net worth, real estate is a great way to go. To learn how you can make it happen, let’s get together to discuss the process.

Who is Brent Sutherland?

Sutherland was 35 when he bought his first single home to rent out for income, less than five years later, he owns eight additional properties and part of a commercial real estate project.

5 Tips For Starting Your Home Search

Mon, 02 Dec 2019 17:43:22 GMT

5 Tips for Starting Your Home Search

In today’s market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time home buyer if you aren’t prepared. Here are five tips from realtor.com’s article , “How to Find Your Dream Home—Without Losing Your Mind.”

1. Get Pre-Approved for a Mortgage Before You Start Your Search

One way to show you’re serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage. Even if you’re in a market that is not as competitive, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach. This will help you avoid the disappointment of falling in love with a home well outside your price range.

2. Know the Difference Between Your ‘Must-Haves’ and ‘Would-Like-To-Haves’

Do you really need that farmhouse sink in the kitchen to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Before you start your search, list all the features of a home you would like. Qualify them as ‘must-haves’, ‘should-haves’, or ‘absolute-wish list’ items. This will help you stay focused on what’s most important.

3. Research and Choose a Neighborhood Where You Want to Live

Every neighborhood has unique charm. Before you commit to a home based solely on the house itself, take a test-drive of the area. Make sure it meets your needs for “amenities, commute, school district , etc. and then spend a weekend exploring before you commit.”

4. Pick a House Style You Love and Stick to It

Evaluate your family’s needs and settle on a style of home that will best serve those needs. Just because you’ve narrowed your search to a zip code doesn’t mean you need to tour every listing in that vicinity. An example from the article says, “if you have several younger kids and don’t want your bedroom on a different level, steer clear of Cape Cod–style homes, which typically feature two or more bedrooms on the upper level and the master on the main.”

5. Document Your Home Visits

Once you start touring homes, the features of each individual home will start to blur together. The article suggests keeping your camera handy and making notes on the listing sheet to document what you love and don’t love about each property you visit.

Bottom Line

In a high-paced, competitive environment, any advantage you can give yourself will help you on your path to buying your dream home.

Can I Afford to Buy a Home?

Mon, 02 Dec 2019 17:41:15 GMT

How to Determine If You Can Afford to Buy a Home

The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today.

It is true that home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to that equation: mortgage interest rates.

Mortgage interest rates have fallen by more than a full percentage point from this time last year. Today’s rate is 3.75%; it was 4.86% at this time last year. This has dramatically increased a purchaser’s ability to afford a home.

Here are three reports validating that purchasing a home is in fact more affordable today than it was a year ago:

CoreLogic’s Typical Mortgage Payment ,

““Falling mortgage rates and slower home-price growth mean that many buyers this year are committing to lower mortgage payments than they would have faced for the same home last year. After rising at a double-digit annual pace in 2018, the principal-and-interest payment on the nation’s median-priced home – what we call the “typical mortgage payment”– fell year-over-year again.” ”

The National Association of Realtors’ Affordability Index

“At the national level, housing affordability is up from last month and up from a year ago…All four regions saw an increase in affordability from a year ago…Payment as a percentage of income was down from a year ago.”

First American’s Real House Price Index (RHPI)

“In 2019, the dynamic duo of lower mortgage rates and rising incomes overcame the negative impact of rising house price appreciation on affordability. Indeed, affordability reached its highest point since January 2018. Focusing on nominal house price changes alone as an indication of changing affordability, or even the relationship between nominal house price growth and income growth, overlooks what matters more to potential buyers – surging house-buying power driven by the dynamic duo of mortgage rates and income growth. And, we all know from experience, you buy what you can afford to pay per month.”

Bottom Line

Though the price of homes may still be rising, the cost of purchasing a home is actually falling. If you’re thinking of buying your first home or moving up to your dream home, let’s connect so you can better understand the difference between the two.

Biggest Home Buyer Mistakes

Mon, 25 Nov 2019 23:46:30 GMT

The Worst Mistakes You Can Make As a Home Buyer

Buying a home is typically the largest financial transaction most people make in their lifetime. The last thing you want to do is make a mistake, one which could cost you time and money – often a lot of money. These are some of the most common, and worst, mistakes you can make when buying a home.

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• Not doing your homework in advance – Before you do anything else, do some preliminary research and get a pre-qualification letter before you start shopping for your new home.

• Changing Jobs or Buying Big Items – Once you’ve decided to buy a home, it’s critical not to change your circumstances, such as a new job or large credit card purchase.

• Calling the Listing Agent Directly – It might be tempting to try and get a “better deal” by working with the listing agent rather than using your own agent. This is not true; the listing agent works for the seller and does not represent your interests.

• Accepting Everything at Face Value – Always ask questions and investigate everything, including getting a thorough home inspection.

Buying a home is exciting, but the most important thing is to consider the details and think everything through before jumping. By understanding some of the mistakes buyers make, you can avoid them.

Know Your Home Value

Can I Skip the Home Inspection?

Mon, 25 Nov 2019 23:41:04 GMT

Why You Should Never Skip the Home Inspection

Buying a home can be expensive. It might feel like once you’ve entered escrow, you have new things to pay for at every turn. While the fees are normal and customary, if you don’t buy a home often, you might wonder if they are all necessary.

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One expense that is often discussed is inspections. What inspections do you need and how should you choose the right person to perform them. During the home inspection contingency period, you have a right to perform as many investigations as necessary to determine the condition of the property you are buying.

Typically you will want to make sure there are a home inspection and a termite inspection. Other options could include a mold inspection, geological survey, septic tank certification, roof inspection and pool/spa inspection. The type of inspection is determined by the condition of the home. Most buyers start with the basic home inspection.

Home inspections are very important. There is no substitute for a proper inspection by a licensed home inspector. You might be handy or have a handy friend, but the home inspector is experienced in identifying problems and potential problems so you can make an informed
decision about moving forward with the sale.

Know Your Home Value

Real Estate Contingencies Explained

Fri, 22 Nov 2019 23:34:30 GMT

What are Contingencies on a Contract?

—–>>>> SEARCH ALL HOMES FOR SALE NOW

Contingencies are commonplace in contracts of all kinds. A contingency allows for one party or another to legally back out of a contract in the event of some specific condition occurring. They are protection against the unknown. In real estate, there can be contingencies inserted for either buyer or seller or both. These take many different forms and until removed in writing, either party may change their minds based on the result of the contingent event or issue.

Some examples of home buyer contingencies:

• Home inspections – condition of the home
• Specialty inspections – mold, geological, roof inspections
• Code Violations – an investigation into improvements made without permits
• Lender appraisal – ensures the offered price is not too high
• Sale of current home – allows the buyer to back out if they cannot sell their current home in specific time frame
• Final loan approval – loan is ready for signature and close
• HOA CC&Rs – review of documents to ensure rules and regulations do not infringe on enjoyment of property
• Insurability – home owner’s insurance available at a reasonable rate Home sellers can also have contingencies included as well, such as one which states the sale is contingent on finding a replacement home. Contingencies are a fact of contract law. In real estate, they ensure that the offer is concluded as expected.

Qualifying For a Loan

Wed, 20 Nov 2019 23:27:15 GMT

Qualifying for a Loan – What do I need to qualify?

Before you start searching for your new home, the first step is to speak with a lender and determine your budget. This is being pre-qualified for a loan. Once you find the right home, then your lender will order an appraisal of the property and complete your financing. If this is your first home purchase, or if it’s been a while since you’ve purchased, understanding how to prepare for the qualifying process is the first step to success.

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What do I need to qualify for a home loan?

When preparing for your meeting with the lender gather all the pertinent documentation and bring them with you. The lender will want to see 2 months of employment pay stubs and bank records as well the past 2 years of tax returns. After reviewing your income and savings, the lender will also order a credit report which shows all your recurring debt and payment history. This will be used to determine your ability to pay the proposed mortgage.

How does credit, down payment and income affect my ability to get a loan?

There are a variety of loan programs available. From 0% down VA loans to traditional 20% down loans, your lender will review all your options with you so you can determine the best program. Some government-guaranteed loan programs, such as the VA or FHA, are more lenient with your credit score requirements as well as other qualifications, such as savings and income ratios.

Qualifying for a home loan might feel overwhelming, but your lender can walk you through the process and requirements. After learning your options, you can make the best financial decision for your new home loan.

Appraisals Explained

Wed, 20 Nov 2019 23:22:28 GMT

Appraisals are one of the most confusing aspects of buying or selling real estate for the consumer. When a buyer and seller agree on a sales price, it can be frustrating to hear that the appraisal came in with a value too low. It’s not enough for the principals to agree to the price, the appraisal is the lender’s way to ensure they are not loaning money over the actual market value of the property.

The appraised value is reached by a licensed professional who looks at the real estate market in which the target property is located. They start with the target property and then look for recent sales in the area of comparable properties. These comparable properties will be located within a short distance of the target home, normally within a 5 mile radius. They should also be of comparable size and often fall within the same housing development.

Once these homes are identified, the appraiser will adjust for the specific differences. For instance, does the target home have an upgraded kitchen or swimming pool? They add or subtract value based on such things as location, view, lot size, upgrades, additions, condition and many other factors. They can then arrive at a valuation for the target home.

Once the appraisal has been completed, the lender is notified of the value. At this point, the loan amount is either confirmed or declined. If the appraisal comes in too low, the principals can choose to make up the difference in sales price, lower the sales price or cancel the transaction.

Appraisals are not as complicated as they appear. By learning about recent sales in your area ahead of time, you can price your home appropriately up front; then the appraisal should come back as expected.

3 Must-Do’s Before Listing Your House For Sale

Wed, 20 Nov 2019 23:17:49 GMT

Before you list your home for sale, it’s time to do a little work around the house – to prepare and make sure your home is seen in the best possible light. These “must-do” items are about showing your home to buyers as one which is cared for and ready for them to add their own
brand of home to the space. Taking a little time up front can mean thousands of dollars as buyers start writing their offers.

—–>>> GET YOUR HOME VALUE NOW

3 Must-Do’s Before Listing Your House for Sale

1. De-clutter, Depersonalize and Clean – This is the time to take spring cleaning seriously, in any season. Clear out all unnecessary items from the home; closets, drawers, extra clothes, old unwanted furniture. Donate to charity, hire a dumpster or rent a storage space; buyers will look in every space and open all drawers and cabinets, make sure your home seems spacious. Spend some time to depersonalize by removing excessive pictures and hide heirlooms. Finally, deep clean every space top to bottom.

2. Address Deferred Maintenance – Make small repairs or hire a handyman to take care of problems which could appear during the home inspection. Replace caulking, fix broken windows and screens, replace light bulbs and freshen up and clean grout; buyers want to see a home that is cared for with “good bones.”

3. Go for Curb Appeal – Spend some time in the yard. Trim bushes and trees, clean and repair hard scape and make sure there is adequate lighting. Welcome your buyers with seasonal flowers or décor and place a fresh mat by the front door. Before you put that sign in the front yard, spend a little time and elbow grease to make sure you welcome your potential buyers with the best version of your home.

Down Payments Explained

Wed, 20 Nov 2019 23:13:09 GMT

Down Payments Explained
A down payment is the amount of cash a home buyer puts toward the price of a new home. It accomplishes a few things; first it reduces the amount of money you need to borrow and it reduces the risk the lender takes in loaning the money. By reducing the risk, the borrower will typically get a better interest rate on the loan and increase the amount of home they can buy.

How Large a Down Payment Do You Need?

The amount of down payment needed depends on the type of the loan, the lender and the property price itself. While most of the 0% down home loans of the last decade are gone, Veterans can still purchase a home loan with no down payment. Other programs include FHA loans with as little as 3.5% down. Conventional loans typically require a 20% down payment, but some allow as little as 5%.

Is it Better to Make a Larger Down Payment?
In addition to the down payment, buying a home also requires cash for closing costs and some reserve savings to guard against unexpected financial concerns. One thing to remember though is that any financing with less than 20% down will
require private mortgage insurance – a monthly payment which protects the lender in the event of default.

The best amount of down payment should be determined in consultation withyour lender and your tax or financial advisor, but the quick answer is “it depends.” By working with a trusted lender, explore your options and you will make the best decision for your needs.

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What Type of Mortgage Should I Get?

Wed, 20 Nov 2019 23:08:39 GMT

What Type of Mortgage is Right for Me?

When our parents were buying their first home, there was one way to finance thepurchase. You would walk down to the corner bank and asked for a 30 year mortgage. Today the average home owner moves every 5-7 years. Depending on your needs there are a number of mortgage options you might consider, each with its own advantages and disadvantages, spending some time to understand the options is the best way to choose the right loan for your needs.

While loan programs and terms vary, the most common are:

Conventional – A conventional loan is normally still designed to be paid off in 30 years with equal monthly payments during the term of the loan. There are currently conventional loans that require as little as 5% down, although 20-25% is still commonplace.
FHA – An FHA loan is guaranteed by the Federal Housing Administration and is attractive for a number of reasons, especially for the first time home buyer. The down payment can be as little as 3.5% and that can be a gift.
VA – VA (Veteran Affairs) is a loan program offered for Veterans and their spouses. While the terms can vary from 0-5% down payment, this loan may allow the borrower to finance as much as 100% of the home’s value in the loan.

Your lender will also have more specialized options for you, such as adjustable rate loans and 10 or 15 year loans. They can also explain the additional costs that could be associated with each type of loan program. Part of purchasing a home is to find the right financing. Your lender will talk you through your options. If you have not already spoken to a lender, or if you need a referral, your real estate agent is a great resource for you.

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Selling Your First Home

Wed, 20 Nov 2019 22:59:38 GMT

The Home Selling Process

Are you planning to sell your home? Regardless if this is your first time as a home seller, or maybe you’ve sold many homes, understanding the selling process can assure you that things are going smoothly. Successful transactions don’t just happen; it takes experience and professionals to navigate from staging to closing.

Who Are The Experts?

• Real Estate Agent – Before you start, do your homework and find an experienced listing agent in your area.
• Escrow Officer – Your escrow officer is a neutral 3rd party, they take the terms agreed to by the parties and ensures they are fulfilled properly.

Timeline For Your Home Sale

• Meeting With Your Agent – Your agent will tour your home and discuss your market value (including a comparative market analysis), timing and financial goals in order to create a custom plan for selling your home.
• Preparing Your Home For Sale – Typically even a dated home can be spruced up with small changes in furniture placement, fresh paint, new lighting and/or minor repairs.
• Listing Your House – Once your home is ready for buyers, you will list your home and your agent will implement their marketing plan.
• Offers – Once receive offers, you will meet with your agent to review them together and determine how to respond.
• Escrow Process For Sellers – The buyers will complete funding requirements, obtain an appraisal and home inspection. As the seller you will also complete any conditions you’ve agreed to, such as repairs or termite work.
• Closing – Once all conditions have been completed, you will close the sale and receive the proceeds.

The sales process is a series of steps that you and your agent will take together. Knowing what to expect, and when, can alleviate the uncertainty you might feel as a seller.

5 Tips For Selling a Home With a Tenant

Thu, 29 Nov 2018 22:54:08 GMT

A lot of Sacramento investors come to us asking about selling their rental properties. So many are finding that they have more equity than they thought they have and they are tiring of the investment game or just want to improve their Sacramento investments by buying up or a larger property. One of their biggest questions always is what do I do with the current tenant?

Selling a property involves the basics of preparing the home and allowing access to potential buyers. When the property is still occupied by tenants, the process can become more complicated. Tenants in the middle of a move can find it difficult or even burdensome to keep the home in show-ready condition and allowing quick access to the home is certainly a disruption to their home life.

Fortunately, by following a few simple tips, you can minimize the impact on the current tenants while still selling the property for the best possible price and terms.

Here are 5 Tips to Selling a Home with Tenants –

1. Communicate Early and Often – There is nothing complicated here, clear communication about the process and timing will alleviate the anxiety of the tenants.

2. Offer Financial Incentives – Consider offering some kind of financial incentive for their cooperation in moving schedules and showing requests.

3. Create a Showing Schedule – Work with your tenants to create a window of time each day/week for showings to minimize impact. We love this one as it makes it easier on everyone, especially showing agents who are always uncertain about when the 24 hours starts for a showing request.

4. Provide a Cleaning Service – Make it as easy as possible for the tenants to keep the home clean and show-ready.

5. Be Flexible and Understanding – Above all, be willing to compromise when necessary.

We just successfully closed on a duplex property in the Parkway area for our investor clients. One side was vacant and easy to show. Agents and buyers were encouraged to write their offers subject to viewing the other side. We had multiple offers on this property and went pending over list price in less than 10 days!

If you are thinking of selling your investment property and have any questions, we are here to answer them and help you through the process. Owning investment properties ourselves makes us uniquely qualified to understand your concerns and goals.

moderealestategroup

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