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Is Your Realtor Presenting All Offers To You?

200_contractIf you are selling your Davis home, you should be concerned with your listing agent’s practice on presenting offers. Fellow Realtor, Renee Porsia wrote this very informative piece on Listing Realtor practices and questioned whether your Realtor was showing you every offer that came across his or her desk. Ms. Porsia works in Pennsylvania, where perhaps the laws are different than here in California. She writes the piece and approaches the topic as a matter of good practice.

California Real Estate law is different, however. Here, Realtors have a fiduciary responsibility to their clients and this includes bringing them any and all offers a home. Despite this fact, I have personally seen Realtors sit a on offers for various reasons… namely they themselves are hoping for a better offer, or they are certain their client won’t accept the offer and don’t want to risk discouraging them by bringing less than stellar offers to the table.

As a matter of law and simple ethics, I always present all offers to my clients and let them make up their own mind. Being the bearer of bad news isn’t always easy, but sometimes, even a low offer is welcome of necessary, and followed through with.

To read more about how missing knowledge of offers can effect you as a buyer read Renee Porsi’s article directly. If you are selling a home in Davis, Winters, Woodland or Sacramento and you  have any questions about seller’s rights and the fiduciary responsibility owed them under California law, please do not hesitate in contacting me at 530.601.1003 or via email at carmen@focusondavis.com.

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Average Home Price in Davis

Historic average residential sales prices for the city of Davis.

2004      $510,720

2005      $605,895

2006      $617,407

2007      $570,081

2008      $535,492

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Green Remodeling

green-buildingGreen remodeling can save you money on utilities, increase the resale value, and provide a healthy, environmentally conscious home.  The following quotes are from an article in the September 2008 issue of California Real Estate.  Mike Hall, president and CEO of Berkeley-based solar company Borrego Solar was quoted as saying,

“For every 1,000 watts of power in a home that’s coming from PV (photovoltaic panels), it can add $20,000 to the resale value of your home.”

Chris Bartle of Green Key Real Estate was quoted,

“If you’re comparing [green building] to a super-cheap Home Depot remodel, then yeah, it’s more expensive,” he explains.  But if you’re comparing it to a high-end remodel with granite counter tops and things like that, then a lot of times it’s actually cheaper.”

The opening of  “Green” building supply companies is evidence of the increasing popularity of Green remodeling.   Davis has it’s own eco-friendly home improvement store called Casa Verde.  There are also recycling options for building materials.  Sacramento’s Habitat for Humanity has a building supply store called the ReStore offering surplus building supplies donated to the store and sold at discount prices.   Another web-site resource is www.thereusepeople.org.  They are a non-profit organization that provides environmentally responsible demolition services and sells reusable building materials.

If you would like more information on green building and learn about the “GreenPointed Rated” system, check out www.builditgreen.org

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Selling Your Home in A Buyer’s Market – The Price is Right

Selling Your Davis HomeWhat is the difference between listing your home and selling in your home? What makes one home sell?  What keeps another home a lingering on the market?  The answer is usually price.

Determining a home’s were value requires some homework. Not only do we need to look at comparable sales in the neighborhood, we should also take into account other criteria that may effect the price. For instance proximity to freeways or busy streets, schools, bus lines, and shopping all influence the price of homes in the same neighborhood.  In the current Davis Real Estate Market, even a slightly better home on the same street as another home for sale might not sell as quickly or at all priced incorrectly.

Popular real estate wisdom says that the first three weeks of a listing are most important.   Around 30 days interest begins to fall. This is why it is important your real estate agent do their homework. Pricing a home well from the beginning is better than having to reduce the price later in the listing. Not only can you save yourself the frustration of having your home sit on the market month after month, in the long run my experience shows that homes priced accordingly actually sell for more than homes that were overpriced to begin with and were later reduced.

If you’re thinking of selling your Davis home, enlisting the help of Focus Realty Group will provide you with two Realtor opinions for the price of one. That being said, please know that all consultations are free, of course.  A meeting with me will provide you with a comparative market analysis, also known as a CMA. This will give you, the homeowner, with detailed information about the local real estate market. At this time we can also outline marketing strategies for your specific home and recommend a selling price.

Those first meetings and CMA preparation are all about information… certainly more information is a good thing.

With mortgage interest rates at a historical low, it is a good time to buy a house. What I see at Open Homes every weekend, are buyers… buyers that are active, prepared, and ready.

If the price is right, one of those buyers could be your.  But, to make that happen, you have to call me first.  Simply put,  I can help.  And I can get things done.

Carmen Isais
530.601.1003
carmen@focusondavis.com

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