THE BLOG

20
Feb

The #1 Reason to Sell Now Before Spring

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

According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017:

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

Bottom Line

Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.

Let Collins Family & Associates help you SELL YOUR HOME NOW BEFORE SPRING!

20
Feb

2 Ways to Get the Most Money from The Sale of Your Home

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Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?

Here are two keys to ensure that you get the highest price possible.

1. Price it a LITTLE LOW 

This may seem counter intuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

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Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price but will instead have multiple buyers fighting with each other over the house.

Realtor.com gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive. The seller may think they would make more money if they didn’t have to pay a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

study by Collateral Analytics, reveals that FSBOs don’t actually save any money, and in some cases may be costing themselves more, by not listing with an agent.

In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”

The results of the study showed that the differential in selling prices for FSBOs when compared to MLS sales of similar properties is about 5.5%. Sales in 2017 suggest the average price was near 6% lower for FSBO sales of similar properties.

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.

20
Feb

1031 Leroy St… Coming Soon!

CREATE YOUR DREAM HOME IN POINT LOMA…

Imagine coming home to spectacular views of City lights, San Diego Bay, Ocean, Coronado Islands and as far as the eye can see!  Opportunity to create the home of your dreams with spacious rooms, architectural details throughout and plenty of outdoor living space, all waiting for your creative touch.  1031 Leroy Street is the kind of home dreams are made of !

20
Feb
12
Feb

Should you move after the loss of a spouse? Here’s what you need to know…

Should You Move After the Loss of a Spouse? Here’s What You Need to Know

Article by:   Lucille Rosetti

 

The urge to pull up stakes and find new stomping grounds is common among people who have lost a spouse or other loved one. But is it wise to move after the impact of such a traumatic life event? For some people, the answer is “yes.” Relocating can provide a number of powerful psychological benefits, as long as the move is well-planned and thought out. Consider these factors when making this all-important decision.

 

When to Stay Put

 

While fresh surroundings can indeed offer a new lease on life for many, it’s nevertheless important to avoid making major decisions immediately after your loss, according to experts at the University of Minnesota. This is true for the following reasons:

 

  • Grief brings with it a number of conflicting emotions. The emotional war going on inside the mourner makes rational decisions extremely difficult, at least until the shock of the loss fades away.
  • Decision-making, by its very nature, is mentally draining. There is no worst time to make big choices than when your mental energies are at a low ebb.
  • The emotional vulnerability that follows a loss can hinder your ability to look out for your own interests. Selling your home and moving can become problematic if you act in haste.

 

For these reasons, we recommend taking time to think things out thoroughly before deciding what you should do. If, in the end, you choose to relocate, then here are some tips to help you in the process:

 

  • Sorting through your belongings and deciding what to keep and what to get rid of is taxing during even the best of times. For this reason, you should consider hiring a professional packing and moving service. A third-party can provide much needed objectivity while sparing you the physical and emotional turmoil of going through your possessions. Moving companies vary in terms of costs and services offered, so we recommend checking with several businesses before settling on one.
  • If you prefer to do the packing and moving yourself, then enlist the help of a trusted friend or family member to help you with the process. If you find yourself unable to bear the idea of throwing away your loved one’s items, then consider keeping a handful of them and donating the rest to a worthy cause. This is a great way to honor the person’s memory while sparing yourself from needless agonizing.
  • Remember that some items require special care to avoid damaging them. One example is framed artwork, as pointed out by The Spruce. On the other hand, some products, like canned food, are best given away unless your new home is very close to your old one. Likewise, appliances are often too large or awkward to fit easily in a new location. You’ll find ready buyers for items like stoves and refrigerators by checking Craigslist and similar websites.

 

Coping with the Emotions of Moving

 

Relocating is stressful even during the happiest of times. Here’s how to minimize the stress of the experience:

 

  • Start as far in advance of moving day as possible. This will spare you from the hassles of last minute preparations.
  • Save the items you use the most to pack last. For example, do you have a favorite reading chair? Wait until moving day to get it ready for your new home.
  • Take time to say goodbye to friends, relatives and neighbors. This will help you to have a sense of closure as you move on.

 

Only you can decide if moving is right for you. Take time to make an informed decision and avoid any pitfalls that may come your way.

 

15
Sep

Just Listed! 6342 Caminito Del Cervato Walk to USD campus!

1_8754776_90137_Bpo-90137-101 27_8754793_90137_Bpo-90137-130

28_8754795_90137_Bpo-90137-13134_8754800_90137_Bpo-90137-137

Entertainers Paradise…..

OPEN SUNDAY, SEPTEMBER 17TH 2-4 pm

Enjoy the Southern California Lifestyle on your spacious

Saltillo tiled patio with terraced gardens flanked with hand painted

Mexican tiled steps. This gorgeous light and bright town -home offers

beautiful hardwood floors on the first level with separate dining room

and step down living room with gas fireplace. Upgraded half bath is

Perfect for guests. The eat-in kitchen has plenty of storage space and

access to patio area. Upstairs has over-sized MBR suite with walk-in closet

and adjoining bath. Guest room and open loft is ideal for home office or

turn into third bedroom. Attached two car garage with laundry. Additional

features include new upstairs carpeting and Plantation Shutter throughout.

Within walking distance to USD, close to freeways, shops and restaurants.

02
May

Coming Soon… 3656 Hyacinth Drive, San Diego CA 92106

Hyacinth

Come home to casual sophistication in this spacious two story home built in 2015. Located in a charming neighborhood and within walking distance to Plumosa Park! Gorgeous wood floors, open floor plan encompassing living room, dining and gourmet kitchen with large island. Separate family room, one bedroom and bath on first floor with four additional bedrooms and two baths upstairs. Enjoy an early morning coffee on your private balcony with distant views to downtown off your master bedroom. Entertaining will be a breeze on your over-sized deck with plenty of room for family and friends. Offered at $1,500,000.

10
Jan

Just Listed in Point Loma- 1031 Leroy Street

1031Leroy.com

Create Your Dream Home in Point Loma!

6 bedroom 4.5 bath over 6000 square feet with spectacular views of City lights, San Diego Bay, Ocean, Coronado Islands and far as the eye can see!

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15
Jul
18
May