home search Archives - Greater Sacramento Area Real Estate

Will Home Values Keep Rising?

August 4, 2021 by mhadid Leave a Comment

Home prices have increased significantly over the last year. This is good news for sellers who want to maximize their investment. The demand is strong, which is causing bidding wars and over asking price offers. When property appreciates, so does the homeowner’s equity, meaning more money in your pocket after selling. Homeowners see their property value increasing at record rates, but how long will we see this trend?

Current home prices aren’t declining anytime soon, but prices will likely appreciate at a slower pace by the end of the year. In general, factors that impact a property’s appreciation include market conditions, home improvements, location, and interest rates. Many of these factors are in the homeowner’s favor. Sacramento market conditions show buyer demand high and home inventory low, which is contributing to increasing home value. That means selling your house today could really pay off.

If you are interested in selling your home contact Quest Real Estate today! Click below to discover what your home could be worth today.

Interest Rates are Near Record Lows

July 20, 2021 by mhadid Leave a Comment

Throughout 2021 mortgage rates have been low, however the hot housing market and accelerating inflation point to a probable rise in interest rates by the end of the year. Now is the time for homeowners to take advantage of the rates and lock in unprecedented savings. Keep reading to find out how low-interest rates could affect you.

Moving

Over the past year, we have spent more time at home than ever before. This has prompted many homeowners to realize their home may no longer meet their needs. The smallest change in interest rates can have a big impact on your purchasing power. Increasing interest rates cause homebuyers to look at lower-priced homes in order to stay within budget.

Refinance

If you aren’t interested in moving the low mortgage rates still could have a positive impact on your financial situation. If you’ve been in your current home for several years, there’s a good chance your mortgage has a current interest rate that is higher than today’s rate. Refinancing is a great option if you’re looking to lower your monthly payments while staying in your current home.

Now is the time to take advantage of today’s low rates before they begin to rise. Contact Quest Real Estate today to discuss your options.

The Importance of Pricing Your Home Correctly

July 8, 2021 by mhadid Leave a Comment

If you are looking to sell your home there is no doubt that now is the right time. It’s a seller’s market and homes are selling at record speeds. When inventory is low and the buyer demand is high, sellers can see bidding wars and above asking price offers. Does that mean you can list your home at a dramatically higher price?

Listing your home over market value might not be the best strategy. Over-pricing your home can lead to it sitting longer on the market and ultimately having to drop the price. On the opposite end of the spectrum, underpricing can cause the home to lose value and deter skeptical buyers.

The best pricing strategy is to list the home at its market value. A fair-priced house will increase the number of buyers that come to tour the home. Increasing the home’s visibility can cause higher interest. The more competition for the home, the higher chances a bidding war will occur, which will lead you to get more for your home.

How do I find out the fair market value of my home? It is important to get an expert Real Estate agent on your side. With over 30 years of experience, Mo will determine the best list price for your home based on the current market conditions. He will ensure the sale of your home is smooth and successful. Get started now by requesting a Free Home Evaluation.

Top 5 Things to Consider During Your Home Search

April 29, 2021 by mhadid Leave a Comment

Are you thinking about buying a house? There are so many things to consider when looking for a home. Here are our top 5 most important things to reflect on when searching for a new home.

1. Location

The most important thing to determine is the location of your home. You need to consider your commute, nearby amenities, and opportunities. If you have a family, how are the school districts? Is the area safe, does it offer entertainment for your growing family? You can always change the house on the lot but you can’t move the lot.

2. Size

Consider the number of bedrooms and bathrooms needed. Do you need a big backyard for a furry friend? It’s always good to think about possibilities for what your house could be in the future. You only have a certain amount of space to work with so choose wisely.

3. Layout

It is important to consider the flow of the home. Think about if you like an open floor plan or prefer rooms to be sectioned off. What works best for you and your family? Could the layout be altered in the future to accommodate for change?

4. Age of the Home

Do you want new construction or a historic home? The charm of a historic home can feel cozy and comfortable but does it check all the boxes? Or maybe, you have a dream of a personalized new construction home, it’s hard to beat customization.

5. Renovations

Are you willing to put in some elbow grease or do you prefer a move-in ready home? Sometimes home renovations can cause a headache so it is important to determine if you are willing to do some projects. Maybe renovation isn’t in the picture now but will be in the future, keep your options open.

Buying a house is a big decision. It’s important to have a trusted Broker on your side that understands your needs. Mo Hadid has over 30 years of helping buyers find the perfect home. Contact him today to get a step closer to your dream home. Look up current homes on the market here.