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How Did Home Sellers Handle Multiple Offers

April 8, 2014 By Dario

How-Did-Home-Sellers-Handle-Multiple-Offers

 

In 2013, 98% of sellers received multiple offers.

Average number of offers received from buyers:

  • In 2012: 3.1
  • In 2013: 5.9

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How Did Sellers respond?

  • 77% Took the highest offer.
  • 47% Took the best mortgage-qualified buyer.
  • 39% Took the offer without contingencies.
  • 23% took the all-cash offer.
  • 14% Took the offer because of the buyer’s ability to close the fastest.

Source: CAR 2013 Home Seller Survey

 

Filed Under: Everything Else, Tips Tagged With: cash offer, contingencies, highest offer, home, multiple, offers, sellers

California’s Home Financing Trends

February 25, 2014 By Dario

Home-Financing-Trends

 

In 2013, the majority of California home buyers obtained 30-Year, fixed rate loans.

  • The average down payment was 25%

  • Buyers who had no problems with their appraisal 83%

  • Buyers who obtained a 30-year loan 85%

  • Buyer who obtained a fixed-rate loan 91%

  • 91 % of California home buyers financed their home in 2013

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Source: CAR’s 2013 Home Buyer Survey

Filed Under: Everything Else, News Tagged With: 2013, 30-year, appraisal, California, financing, fixed-rate, home, loan, mortgage, purchase, trends

Smart Home Upgrades

May 30, 2013 By Dario

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Dario Barba

[email protected]

Phone: (619) 651-0433

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Home Upgrades that Pay Off

Thinking about renovating your house? Builders beware: when it comes to home renovations, not all upgrades are created equal. Spend your home renovation budget wisely and you’ll reap the rewards of retained value!

Kitchens and Bathrooms
– Updating your kitchen and bathrooms is almost always worth it. Whenever possible, stick with existing layouts and upgrade the details, like fixtures, flooring, countertops and cabinetry.

Curb Appeal –
Ensure your home makes a good first impression by upgrading the exterior paint and trim, adding architectural detailing and decorating walkways with low-maintenance landscaping.

Outdoor Entertainment –
Create outdoor living spaces. Decks are one of the best investments because they are relatively inexpensive to install and tap into the outdoor living trend.

Extra Living Space –
Consider adding a sunroom, converting attic space, or upgrading your basement into a multi-purpose rec room. Beware of the more expensive additions, however, as the building costs may far exceed the potential gains.

Not all upgrades pay off in the end.

Structural Systems –
Don’t think of your plumbing and electrical systems as potential price-boosters, as buyers consider these a given and expect that they have been properly maintained.

High-End Finishes –
Stick with the finish spec that is consistent with the neighborhood. Going way beyond the average may limit your ability to recoup the costs.

Uniquely “You” Projects –
Avoid custom renovations that are geared toward your specific tastes or needs. Unless you find an avid musician buyer, that extravagant home music studio isn’t going to add value.

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Filed Under: Tips Tagged With: appraisal, home, increase, real estate, smart, upgrades, value

Vacation Security

May 9, 2013 By Dario

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Dario Barba

[email protected]

Phone: (619) 651-0433

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Going on Vacation? Protect Your Home with These Security Tips

An empty house is an invitation to thieves, so take some time before your next vacation to protect your home.

1. Keep up appearances.
Try to appear home. Ask a friend to collect the mail, ask your neighbor to use your garbage can, and hire someone to maintain the yard.

2. Light up the night.
Install motion-activated outdoor lights near front and back entrances, as well as in back lanes and side walkways. Put indoor lighting on a remote timer.

3. Secure weak spots.
Patio doors, basement windows and back entrances are easy targets for thieves. Add extra protection with security bars and locks.

4. Silence your ringer.
Turn down the ringer on your phone to avoid alerting thieves that you aren’t home.

5. Don’t broadcast your vacation.
Don’t brag to everyone on Facebook about your upcoming beach vacation. Social media sites are quickly becoming tools for thieves looking for an easy target.

6. Secure the spare key.
Never store your spare key under a mat, in a flowerpot or on a window ledge. If you need to leave a key behind, invest in a lockable hide-a-key.

7. Put your alarm to work.
Remember to activate your alarm, and make sure your alarm company signs are clearly displayed in both the front and back of your house.

8. Take out the trash.
Don’t throw away receipts and packaging for big ticket purchases, as thieves often search garbage bins looking for potential targets. Instead shred receipts and ask the delivery company to remove the boxes.

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Filed Under: Tips Tagged With: alarm, alone, home, locks, protect, security, thieves, vacation

The Ripple Effect

April 25, 2013 By Dario

the-ripple-effect

For each home purchase, approximately $60,000 of direct and indirect spending occurs in the economy.

Home sales in this country generate more than 2.5 million private-sector jobs in an average year.

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Sources: California Association of Realtors® and NAR

Filed Under: News Tagged With: economy, effect, home, homeownership, jobs, purchase, ripple, spending

Would You Live Here?

March 1, 2013 By Dario

The Safe House

 

Transformers fans prepare to experience the sting of jealousy. The Safe House is a veritable cement transformer, a home with the capacity to achieve maximum security while affording the ability to open up and transform into more vulnerable states. Architecture firm KWK Promes left no security issue untouched when they designed and constructed the 6,100 sq. ft. fortress. In order to penetrate the Safe House you would need to match all the required security entrance codes. Upon entrance, one would wait in the ‘safety zone’, an area bordered with concrete walls, before being let inside the house. When the home is in its closed state, it is reminiscent of a large concrete Rubik’s Cube. When in its open state, a draw bridge lowers, connecting the home to the indoor swimming pool, movable walls open, mobile shutters come up, and a rolling aluminum gate raises opening the home to an expanse of garden views. The entire home transforms with built in electronic engines, which means the house opens and closes with the touch of a button!

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 
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KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

KWK Promes Safe House in Poland

 

(Photographs Provided By KWK Promes)

Filed Under: Everything Else Tagged With: architecture, home, safe house, security, transformer

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About the Agent

Dario Barba
Broker/Realtor
Lic. 01778636
Email: [email protected]
Phone: 619-651-0433
Address:
3450 Bonita Rd. Ste. 206
Chula Vista, CA 91910

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About the Agent

Dario Barba
Broker/Realtor
Lic. 01778636
Email: [email protected]
Phone: 619-651-0433
Address:
3450 Bonita Rd. Ste. 206
Chula Vista, CA 91910

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