Did You Know?

April 28th, 2014 by Erdy Mapa


Know Your Agent

February 11th, 2014 by Erdy Mapa

Choosing an ideal real estate agent could be a challenge nowadays. With so many agents, both veterans and new kids on the block, what do you do to ensure you found the right one? Start off by interviewing agents that are familiar with the area you’re interested in. If you’re buying, a good agent would ask first what is it that you want in terms of location and house description. He or she should then ask about your budget. That agent should be able to provide you with estimates of the cost involved so that you could focus on properties that your budget would only allow, thus saving time and effort. That agent should show you properties based on your requirements, thoroughly answer questions about the property, provide valuation of recently sold homes/for sale homes in order to come up with a solid purchase price, as well as provide you with all the disclosures, if available, and fully explain the buying/selling process from beginning to end. If you’re selling, an ideal agent should be able to provide an objective valuation of your property. That agent should be able to market your property in various ways and channels in order to maximize exposure.  The commission should be scalable- It could be from zero up to five percent depending on who made the sale, who’s handling the paperwork, and how many parties are involved.

An agent’s character is very important. The real estate process could be daunting, stressful, and complicated, which is why it greatly helps having an agent who is patient, calm, responsive, honest, smart, and savvy when it comes to negotiating the terms. So follow these simple tips and trust your instincts.  You can be sure that you will have a more satisfying and gratifying real estate experience.

Good luck!

It’s Fall and It’s Hard to Get Up

November 6th, 2013 by Erdy Mapa

Well, the chilly season is upon us. Bring out the sweaters, jackets, gloves, and any thermal-based piece of clothing. For those who love the cold weather, this season brings excitement and hope for thicker snow in the sierras… skiing and snowboarding anyone? For some, this season brings out the bluesy feelings and tendency to put their body to rest more than in motion. It’s hard not to get caught up with the holiday cheer, however. Holiday sales abound accompanied by holiday songs. Homes and offices begin to create their seasonal decor.

But did you know that this season may the best time to purchase a home? Generally, home prices are at a 12-month low in December. It is considered an off-season when demand is low and sellers may be more willing to negotiate. Also, mortgage lenders are sometimes willing to forego some of their fees in order to attract customers. One drawback is the low inventory. Sellers, especially those who could afford to delay, may choose to wait until April to July when most of the home sales take place according to the National Association of Realtors.

So the questions are: Are you willing to buy now with fewer choices, but potentially lower home prices? Or, are you willing to wait until the warmer season when the inventory is high, but the competition is more, which may lead to higher prices?

Each one is unique, so it may all depend on your situation and priorities. Feel free to contact me if you have any questions or need my assistance.