Monday, September 26, 2016

The Bay Area: A Tough Real Estate Market for Home Flippers

Courtesy the Pacific Union blog:
High real estate costs, both to purchase and renovate properties, make Bay Area cities among the least friendly in the nation for home flippers hoping to turn a fast profit.  Get the full story at .  For more information about buying and selling a home, contact FRITZ.

Tuesday, September 13, 2016

Labor Day Kicks Off Northern California Fall Real Estate Season

From the Pacific Union blog: (Photo courtesy Pacific Union)
Ready, Set, Go:  Labor Day Kicks off Northern California's Fall Real Estate Season. With Northern California's balmy fall weather, this is a prime time to shop for that perfect starter home or trade up to the home you've always dreamed of.  Here are some tips, how-tos and information sheets to help get you started: .  For more information about buying a new home, contact FRITZ.

Tuesday, August 23, 2016

First-Time Buyers Want Homes That They Can Grow Into

Photo and article courtesy the Pacific Union blog:
The majority of today's first-time buyers would prefer to forgo starter homes for properties that will meet their future needs and almost all of them are willing to make sacrifices in order to realize their homeownership dreams.  Read more at .  For more help with all your real estate needs, call FRITZ.

Saturday, August 13, 2016

Turn Your Bedroom Into a Sanctuary

Photo Courtesy Jennifer Worts Design.

Since we spend a third of our lives sleeping, we should place high importance on the look and feel of our bedroom.  Here are some tips to improve the look and feel of our personal sanctuary.

Bring in neutral colors.  Light, neutral colors like creams, grays, taupes and blues provide a tranquil atmosphere.

Add soft lighting.  Overhead light can be harsh and concentrated.  Add lamps to soften and illuminate the room.

Use window treatments.  They add both privacy and a beautiful design element to your room.

Remove outdated bedding.  Make sure your mattress and pillows are in good shape.
Plan on replacing you mattress about every eight years and your pillows every year or two.

Remove excess furniture.  Pare down your space to the essentials--clutter can disturb rest and be distracting.  Above all, reserve the bedroom for rest and relaxation--remove the electronics.

Call FRITZ for answers to all your real estate needs and how to buy and sell a home.

Thursday, July 21, 2016

How to Write an Offer Letter That Will Win the House

Photo and article courtesy Cathie Ericson,
You love the house sooo much.  The problem is, lots of other people probably do too.  How can you stand out in a competitive environment?  Try writing an offer letter that knocks the seller's socks off.
"Making the highest offer is typically the best way to win a bid, but when a seller is faced with two very similar offers, a letter can oftentimes tip the scales toward yours," says Realtor Mindy Jensen of Longmont, CO.
So how do you use writing to woo a seller to your side?  Check out these snippets from winning offer letters, then learn how you can follow in the footsteps of these real-life buyers.
Read the snippets. . . .  For more information on expert tips on buying or selling a home, call FRITZ.

Wednesday, June 22, 2016

Smart Homebuyer Strategies

Courtesy Blanche Evans:
When homes are in short supply, buyers don't have the luxury of taking their time, teasing sellers with low ball offers, demanding that every little thing be fixed and shopping for homes with multiple real estate agents.  Do these five steps instead.

Make a good first impression.  When you find the home you want, send the seller a letter along with your offer outlining why you love the home.

Get pre-approved by a lender.  Not only will you know how much home you can buy, you'll be ready to make an offer quickly.

Shop within your price range.  In a seller's market, it's wise to shop for homes within or slightly below your price range.  This will give you more room to make a full price offer or above in case the home you want is in a bidding war.

Be flexible.  No home is perfect.  To get more home for your money, try to look past old or ugly finishes and visualize the home with new finishes.

Be ready.  Be ready to see a new listing at a moment's notice and be ready to make an offer.
For more information on buying and selling a home, call FRITZ.

Thursday, June 2, 2016

New Listing! 1148 Rosewood Way, Alameda

A mid century modern beach house, just a block from Crown Memorial Beach, this hip, 3 bedroom, 2 bath mid century style home offers the open concept floor plan perfect for California's in and outdoor lifestyle.  The home features updated kitchen and baths, hardwood floors throughout, skylights, fireplace and a gorgeous yard.  Don't miss out on this rare offering!  Open Saturday and Sunday from 2-4:30.  Offered at $699,000.  Call FRITZ for more details.

Tuesday, May 31, 2016

Strong Data About Surprises in Economic Activity

STRONG DATA: Courtesy the Loan Ladies at Prospect Mortgage
Upside surprises in economic activity are usually not good for mortgage rates.  The major reports released over the past week, especially the housing market data, far exceeded expectations.  Hawkish comments from Fed Chair Janet Yellen in a speech on Friday afternoon also had the potential to push mortgage rates higher.  Despite the strong data and hawkish comments from Fed officials, mortgage ratesd ended the week with little change.
Two important reports on the housing market released over the past week showed that activity in April rose to the best level in years.  First, a report that measures the number of contracts signed to buy newly built homes showed that activity in April rose to the best level since january 2008.  This was good, but new homes represent only 10% of the overall housing market.  The remaining 90% is made up of activity involving previously owned homes.  The data on previously owned homes also showed stunning results in April.  Contracts signed in April to buy previously owned homes jumped to the highest level since February 2006.
The other significant data released this week that exceeded expectations was report that measured activity regarding orders for durable goods.  Durable goods include items considered to be useful for at least three years, like planes, autos and machinery.  Orders for durable goods rose in April by 3.4%.  Most of the increase came from orders for civilian aircraft, which generally are quite large and can be very volatile--even excluding transportation, new orders rose .4% from March.  For more information on how the latest economic activity effects your ability to buy or sell a home, contact FRITZ.