• Napa and Solano County Market Updates Blog

    Tuesday, December 26, 2017   /   by Hayley Baker

    Top 5 Reasons You Shouldn't FSBO


    In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

    Here are the top five reasons:

    1. Exposure to Prospective Buyers

    Recent studies have shown that 95% of buyers search online for a home. That is in comparison to only 17% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

    2. Results Come from the Internet

    Where did buyers find the home they actually purchased?

    49% on the internet

    31% from a Real Estate Agent

    7% from a yard sign

    1% from newspapers

    The days of selling your house by just put ...

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      real estate, home ownership, homes for sale, selling, moving, for sale, for sale by owner

    Thursday, December 21, 2017   /   by Hayley Baker

    Rents Are On The Rise: Don't Get Caught In The Rental Trap!

    Rents Are On The Rise: Don’t Get Caught In The Rental Trap!

    There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage.
    Don’t Become Trapped 
    A recent article by Apartment List addressed rising rents by stating:

    “Rents are up 2.7% year-over-year at the national level. Year-over-year growth continues to fall between the 2.1% rate from this time last year and the 3.4% growth rate from October 2015.”

    The article continues explaining that:

    “Despite the seasonal slowdown, rents are still up year-over-year in 89 of the 100 Largest cities.”

    Additionally, the Urban Institute revealed that,

    “Over a quarter of renters, or 11.1 million households, are severely cost burdened, spending at least half their income on rental housing.”

    These ho ...

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      real estate, homebuyers, buying, first time home buyer, rent vs. buy

    Tuesday, December 19, 2017   /   by Hayley Baker

    Exemptions From Property Taxes

    Exemptions From Property Taxes

    What are they and who is eligible?

    Even though the California Constitution states that “all property is taxable,” over the years a number of exemptions from property tax have been approved by the legislature or the voters. Reasons for these exemptions may have been

    to recognize private activities that replace demands on public services [welfare/private colleges]

    church and religious activities that should be separated from state intrusion [religious/church]

    promotion of homeownership [homeowner]

    recognition of service to state and country [veterans] and

    difficulty of administering assessment of stocks, bonds, bank accounts and inventory [intangible/inventory].

    In addition, counties are allowed to adopt low-value ordinances which allow assessments below a certain level (in Napa County $2,000) to be exempted because the cost of ...

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      real estate, home ownership, real estate agent, realtor, buying, selling, finances, first time home buyer, moving, property taxes, taxes

    Thursday, December 14, 2017   /   by Hayley Baker

    Before You Make an Offer, Here Are 4 Tips for Success!

    Before You Make an Offer, Here Are 4 Tips for Success!

    So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true!
    Freddie Mac covered “4 Tips for Making an Offer” in their Executive Perspective. Here are the 4 tips they covered along with some additional information for your consideration:
    1. Understand How Much You Can Afford

    “While it’s not nearly as fun as house hunting, fully understanding your finances is critical in making an offer.”

    This ‘tip’ or ‘step’ should really take place before you start your home search process.
    Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and will allow yo ...

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      real estate, home ownership, homebuyers, homes for sale, real estate agent, realtor, buying, finances, first time home buyer, moving, home price, for sale, home buyer tips

    Wednesday, December 13, 2017   /   by Hayley Baker

    259 Los Altos Pl American Canyon, CA 94503

    3 Bed | 2 Bath | 1,744 SpFt | Bright and open remodeled home with two living areas, spacious dining and gorgeous chef's kitchen. Large 3 bedrooms+2 baths located in Napa County's desirable American Canyon neighborhood. Brand new stainless steel appliances, quartz counters and new cabinets throughout. New high-end floors throughout. Beautiful stone fireplace in living room. All new landscaping and huge backyard lawn for play and entertaining.

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      real estate, home ownership, homebuyers, homes for sale, real estate agent, realtor, buying, selling, first time home buyer, upgrades, moving, open house, real estate team, home price, good school, dream home, for sale, napa valley