Category Archives: Selling

JUST LISTED: $212,000 – 6912 Tierra Green Way 3 Bedrooms 2 Baths, 1395 sq ft

DSC00397

 

Pride of ownership – one owner and it shows. In the community of Florin Glen, this 3 bedroom 2 bath one-story is ready for a wonderful new owner. Popular open floor plan concept reveals a spacious living room dining room combo upon entering the home, beautiful parquet hardwood flooring throughout the lovely kitchen which opens up to a large family room with wood burning fireplace, spacious bedrooms, and an incredible backyard complete with covered patio, perfect for entertaining and more.

OPEN HOUSE SAT & SUN 1-4
Sept 26 and Sept 27

 

 

DSC00401 DSC00406 DSC00409 DSC00411 DSC00428 DSC00425 DSC00424 DSC00416DSC00417

5 Reasons Your House Won’t Sell: How to Avoid Them

The condition of your home can either make or break a great sale. Make your home shine before you put it on the market.
The condition of your home can either make or break a great sale. Make your home shine before you put it on the market.

Giving thought to selling a home? Before you place it on the market, consider these five very important factors:

1. PRICE A home that is priced correctly will attract the greatest number of buyers. Since there is a direct correlation between the number of potential buyers who view a residence and its final sales price, properties that are priced competitively generate the largest possible net profits for the seller.

If you are considering the sale of a residence or investment property, please give serious thought to pricing it correctly. To determine the best possible asking price, employ the services of a licensed real estate expert. He/she can provide you with an accurate professional property evaluation.

2. CONDITION The condition of a home is nearly as important as are the asking price and the terms being offered. Homebuyers purchase properties as much on their emotional appeal as on any other single factor.

Home sellers who are willing to make their residences sparkle receive a greater net profit and sell their properties more quickly. Staging is a great way to make your home as appealing as possible, and hiring an experienced agent who has the expertise you need to make your residence shine.

3. LOCATION A property’s value is, in part, determined by its surroundings. Homes in great locations sell for higher prices and more quickly.

Neither a real estate professional nor the seller can control a home’s location. For this reason, location must be given serious consideration when pricing a house.

4. MARKET CONDITIONS The overall economic conditions in a home’s locale often determine the length of time it takes to sell and its final selling price.

If economic times are difficult, supply and demand must be given consideration when preparing a home for the market and when pricing it. When local economies are suffering, the demand for homes goes down and the supply of homes goes up. Under these circumstances, the only properties that sell are those that are in excellent condition and are priced correctly.

5. MARKETING An agent’s marketing skills are critical to maximizing a seller’s net proceeds and to minimizing inconveniences.

It is your real estate professional’s responsibility to attract as many well-qualified buyers as possible into a seller’s home. The agent’s ability to accomplish this task will determine the size of the seller’s net proceeds check. For this reason, it is very important for a seller to choose an agent carefully. Hire only an agent who has an organized marketing plan.

JUST LISTED – 8689 Banton Circle, Elk Grove, CA 95624

Front of 8689 Banton CircleSimply beautiful!

If elegance is your style, you won’t be disappointed. Step into this gorgeous home and be impressed by upgraded slate flooring, Martha Stewart Premium Loop carpeting, high ceilings, spacious rooms, custom paint & more! In the stunning kitchen, luxury stainless steel appliances include hard to find double ovens! Then take a stroll onto your TWO incredibly spacious patios, perfect for entertaining or private lounging. Well maintained, & conveniently located, this home is a MUST SEE!

Address: 8689 Banton Cir, Elk Grove, CA 95624
3 Bedrooms (Possible 4), 2 Baths, 2320 Sq Ft
Offered At: $348,500

** Open House this Sat & Sun (8/8/ & 8/9) 1-4P **

8689 Banton Circle - Formal Dining Room 8689 Banton Circle - Kitchen 8689 Banton Circle - Master Suite 8689 Banton Circle - Fountain

The Home Seller’s To-Do List

When you’re selling your home, there are a million things to think about. Here is a checklist of the basic tasks to complete once you’ve decided to list:

Clean. A thorough cleaning not only helps you present your home and its best light, it also help you assess its condition. Thoroughly wash the windows, walls, surfaces and floors; deep clean all of the carpets and polish and shine all reflective surfaces and fixtures.

Clear the clutter. Throw away items that are broken or beyond repair and donate items that are still usable, but no longer useful to you. Not only will clearing the clutter make the moving process easier, it’ll also make it easier for potential buyers to see the great features of your home. Make repairs and updates. Most buyers are seeking a move in ready home. Look for and repair any damage, including Leeks and dress. Replace outdated light fixtures, appliances and windows.

Paint. Painting is one of the easiest ways to improve the appearance of a home. On the interior, it gives your buyers a blank canvas to make the home their own once they buy it. On the exterior, a fresh coat of paint makes the home look like new.

Think about staging. Staging help your home look its best for listing photos, open houses and showing. Something as simple as the placement of the furniture can accent it’s best features. If you would like help or live in a competitive market, considering hiring a professional. Here at Mathews & Co. Realty Group, we think that staging is so important in helping you get top dollar for your home that we offer it as one of our complimentary services to all of our sellers.

Don’t forget your landscape. Mow the lawn, weed your flowerbeds and prune any unruly hedges and shrubs. Additionally, make sure that your sprinkler system is in good working order and make any repairs to your porch, fences, gutters and other parts of your home’s exterior.

Continue to clean and maintain the interior and exterior of your home while it’s on the market. Buyers may overlook your home if its condition doesn’t match the photos.

If you want more tips to help you prepare your home for its debut on the market, give me a call!

Keisha “Kee” Mathews
(916) 370-1803

07 15 The Home Sellers To Do List

5 Demands You Should Make on Your Listing Agent

5 Demands You Should Make on Your Listing Agent | Keeping Current Matters

Are you thinking of selling your house? Are you dreading having to deal with strangers walking through the house? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of selling. A great agent is always worth more than the commission they charge; just like a great doctor or great accountant. You want to deal with one of the best agents in your marketplace. To do this, you must be able to distinguish the average agent from the great one. Here are the top 5 demands to make of your Real Estate Agent when selling your house:

1. Tell the truth about the price

Too many agents just take the listing at any price and then try to the ‘work the seller’ for a price correction later. Demand that the agent prove to you that they have a belief in the price they are suggesting. Make them show you their plan to sell the house at that price – TWICE! Every house in today’s market must be sold two times – first to a buyer and then to the bank. The second sale may be more difficult than the first. The residential appraisal process has gotten tougher. A survey showed that there was a challenge with the appraisal on 24% of all residential real estate transactions. It has become more difficult to get the banks to agree on the contract price. A red flag should be raised if your agent is not discussing this with you at the time of the listing.

2. Understand the timetable with which your family is dealing

You will be moving your family to a new home. Whether the move revolves around the start of a new school year or the start of a new job, you will be trying to put the move to a plan. This can be very emotionally draining. Demand from your agent an appreciation for the timetables you are setting. Your agent cannot pick the exact date of your move, but they should exert any influence they can, to make it work.

3. Remove as many of the challenges as possible

It is imperative that your agent knows how to handle the challenges that will arise. An agent’s ability to negotiate is critical in this market.

Remember: If you have an agent who was weak negotiating with you on the parts of the listing contract that were most important to them and their family (commission, length, etc.), don’t expect them to turn into a super hero when they are negotiating for you and your family with the buyer.

4. Help with the relocation

If you haven’t yet picked your new home, make sure the agent is capable and willing to help you. The coordination of the move is crucial. You don’t want to be without a roof over your head the night of the closing. Likewise, you don’t want to end up paying two housing expenses (whether it is rent or mortgage). You should, in most cases, be able to close on your current home and immediately move into your new residence.

5. Get the house SOLD!

There is a reason you are putting yourself and your family through the process of moving. You are moving on with your life in some way. The reason is important or you wouldn’t be dealing with the headaches and challenges that come along with selling. Do not allow your agent to forget these motivations. Constantly remind them that selling the house is why you hired them. Make sure that they don’t worry about your feelings more than they worry about your family. If they discover something needs to be done to attain your goal (i.e. price correction, repair, removing clutter), insist they have the courage to inform you.

Good agents know how to deliver good news. Great agents know how to deliver tough news. In today’s market, YOU NEED A GREAT AGENT!

Latest Equity Report Released

(Courtesy of The KCM Crew on January 26, 2015 in KCM Updates)

CoreLogic’s Q3 Equity Report was recently released. As a whole, the country has recovered well from the negative equity situation that existed previously. We now stand at 89.8% equity share as a nation.

According to CoreLogic’s Methodology:

“The amount of equity for each property is determined by comparing the estimated current value of the property against the mortgage debt outstanding (MDO). If the MDO is greater than the estimated value, then the property is determined to be in a negative equity position. If the estimated value is greater than the MDO, then the property is determined to be in a positive equity position.”

The President & CEO of CoreLogic, Anand Nallathambi summed up the findings of the report well by saying:

“Negative equity continued to decrease in the third quarter as did the level of homes mired in the foreclosure process. This should hopefully translate into less friction in the housing market as we move forward. Better fundamentals supporting homeownership in the face of higher rents should attract more first-time homebuyers to the market this year and next.”

Below you will find a map of the equity share percentages of each state.

Only 12 states have less than 90% equity share and can be seen in the shades of red on the map below. Seven states did not have enough data to be included in the report: Maine, Vermont, South Dakota, Wyoming, Louisiana, Mississippi, & West Virginia.

CoreLogic-Equity

Home sales in a lull, median sales price stalls, inventory hovers over 3,400

OCTOBER  2014 RESIDENTIAL SALES STATISTICS

Sales volume decreased for the third straight month, closing with 1,375 single family home sales. This is down 1.5% from the 1,396 homes sold last month. Month‐to‐month since July, sales have decreased 1,548 – 1,428 – 1,396 – 1,375, respectively. Compared with last year, the current figure is down .8% (1,386 sales). Making up this month’s total are 1,208 Equity Sales (87.9%), 83 Short Sales (6%) and 84 REO sales (6.1%). For the month, REO sales remained the same, short sales increased 17.6% and conventional sales decreased 1.1%.

Of the 1,375 sales this month, 256 used cash financing, 654 used conventional (mortgage‐backed) financing, 312 used FHA (Federal Housing Administration), 89 used VA (Veteran’s Affairs) and 64 used Other* types of financing. The average DOM (days on market) for homes sold this month was 37, while the Median DOM was 23. These numbers represent the days between the initial listing of the home as “active” and the day it goes “pending.” Breaking down the Days On Market, there were 816 listings that sold between 1 – 30 days, 293 listings that sold between 31 – 60 days, 148 between 61 – 90 days, 69 between 91 – 120 days and 49 sold after being on the market for over 120 days. This breakdown, as well as types of financing, is show in the graphic below.

October 2014 Housing Stat

The month‐to‐month median sales price decreased 1.1% from $275,000 to $272,000. The current level is 7.3% above the $253,500 median sales price of October 2013. The current figure is up 70% from the January 2012 low of $160,000. When compared to the all‐time high ($392,750/Aug. ’08), the current figure is down 30.1%.

Active Listing Inventory in Sacramento County decreased 2.7% for the month to 3,434 listings, down from the 3,529 listings of September. Year‐to‐year, the current number is up (29.1%) from the 2,659 units of October 2013. The months of inventory remained the same at 2.5 months.

Tackling Tricky Cleaning Jobs: 7 Jobs Just Got Easier

clean house funnyThere are a few tricky cleaning jobs universally dreaded for being time-consuming, hard, or just plain confusing. How are you supposed to clean off a ceiling fan without getting dust all over the house and your head? How do you clean a fireplace without creating an indoor dust cloud? The tips below won’t make any of these jobs fun, exactly, but they will make them quicker, easier, and maybe even tolerable.

 

 

Ceiling FanCeiling Fans
Put a drop cloth or old sheet on the floor and furniture over an area about twice the radius of the fan blades. If you want to keep your hair dust-free, pop on a hat as well. Use an old pillowcase to dust blades, sliding the case around the blade so the dust falls into the case. Make a second pass over each blade with a new pillowcase, this time spraying each blade first with a cleanser (a spray bottle of water and two tablespoons of white vinegar works too.) Hop on a sturdy chair or ladder and wipe around the rest of the fixture with a dust cloth or use a long handled micro-fiber duster.

RefrigeratorRefrigerator–Interior
To clean the interior, first take everything out the fridge. Remove shelves, bins, and drawers and wash in warm soapy water (don’t plunge cold glass shelves directly into hot water because they might shatter). Wipe down interior with a mixture of two tablespoons baking soda and a quart of hot water. For extra cleaning power, let mixture sit for a few minutes before wiping off. Use a plastic–not steel wool–scouring pad for stuck-on food and spills. Clean seals with a baking soda paste or undiluted hydrogen peroxide, getting into crevices with cotton swabs. While interior parts are drying, wipe down jars and containers, removing drips and spills. Check expiration dates and toss any out-of-date items. Follow the same procedures for the freezer, adding a plastic scraper to remove frozen-on ice or food.

 

 

 

refrigerator interiorRefrigerator—Exterior
For the exterior of the fridge, wipe down the outside surfaces with soft cloth and a gentle cleaner. Use a toothbrush or plastic scouring pad for grime on handles. Unplug the fridge to clean the condenser and coils. Remove the trim panel from below the door (you may need to unscrew it.) Vacuum or dust the panel, or if it’s plastic, soak it in warm soapy water to loosen dirt. Using the brush or crevice attachment, gently vacuum dust from coils and condenser. You might need to move the unit away from a wall to get at the back. When you put it back, make sure to leave enough space between coils and wall so the unit can run efficiently.

 

baseboardsBaseboards
Make a first pass over the boards with a dust mop, vacuum or a dusting cloth. If there’s leftover grime, wipe down with damp cloth and mild detergent. Use wood cleaner for wooden baseboards. Try a cotton swab to get at intricate designs and corners. Touch up scuffs and scrapes with a bit of matching paint. Finish off by wiping down clean, dry baseboards with dryer sheets to repel future dust.

fireplaceFireplace
Prepare for the job by donning old clothes and a pair of gloves. Cover the area around the fireplace with old sheets or newspaper. Remove grate and andirons and put outside on a tarp. Put a handful or two of used coffee grounds into the ashes to minimize flyaways, then shovel out the old ashes and put in a double-bagged trash can. Use the fireplace brush to sweep up remaining ashes. You can scrub the inside further by scraping with a wire grill brush and a fireplace cleaner, if desired. Clean the andirons and grate with the wire brush and a hearth cleaner or a paste of baking soda and warm water. Let everything dry thoroughly before putting back in.

groutGrout
Grout can be a challenge to clean because it’s porous and often light-colored. To clean, you will need a cleaning agent and a scrubbing tool, like a scrub brush or toothbrush. Use a baking soda and hydrogen dioxide paste, a half and half solution of white vinegar and water or a mix of oxygen bleach and warm water. Spray or apply the solution to the grout and let sit for about 20 minutes. Scrub the grout, reapplying the solution for tougher stains. For mold that won’t come off, you can use a chlorine bleach spray, but the bleach will weaken the grout over time. To maintain your grout and delay another deep cleaning, spray weekly with vinegar and wipe clean.

blindsBlinds
Gentle vacuuming with a brush attachment works for all types of blinds, including cloth, wooden, and metal/vinyl blinds. Close the blinds so they’re fully extended and brush each slat individually, working downward. Swivel the slats to do the other side, again moving downward. You can also dust with a micro-fiber cloth or a duster. Again, you have to go over each slat, front and back. For dingy vinyl and metal blinds, make a mixture of one part vinegar and one part water and go over each slat with a dampened cloth or, for more flexibility, an old sock turned inside out and worn on your hand. Cloth blinds can be spot treated with a damp cloth and a bit of dishwashing liquid. You can cut down on scrubbing time by removing metal and vinyl blinds and taking them to the bathtub or outside to hose them down, then scrubbing with warm soapy water, but you run a greater risk of bending or breaking the blinds. Make sure the blinds are fully dry before rehanging.