Thursday, October 15, 2020 / by Monique 'Moey' Nichols
Positioned at the end of a private drive, this darling Grover Beach abode is nestled amongst an Oak tree grove. Upon entry, step down into the formal Living Room, which has high vaulted ceilings, picture windows and an impressive floor to ceiling stone hearth fireplace. The cut-out wall to the Dining Room creates an open-feel floor plan. Flow from the Living Room and Dining Room to the spacious Family Room and Kitchen. Beautifully remodeled kitchen has a breakfast bar, gorgeous granite counters, double oven, wood flooring and cabinets galore!
Enjoy the wooded scenery from every window in the home and soak up the outdoors on the wrap around deck. The upstairs Master Suite also boasts vaulted ceilings with a fan to keep cool on warm Coastal nights. The Master Bathroom has a separate soaking tub with tranquil views, large step-in shower, & dual sinks. Additional roomy bedrooms are also located on the second story. This serene setting is fabulously located near easy freeway acce ...
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Tuesday, October 13, 2020 / by Monique 'Moey' Nichols
One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down.
A recent survey by Point2Homes mentions that 74% of millennials (ages 25-40) say they’re interested in purchasing a home over the next 12 months. The study notes, “88% say they have significantly less savings than the average national down payment amount, which is $62,600.”
Thankfully, $62,600 is not the amount every buyer needs for a down payment in the United States. There are many different options available, especially for first-time homebuyers (millennial or not). That amount can also be significantly less, depending on the purchase price of the house.
According to the National Association of Realtors (NAR), “The median existing-home price for all housing types in August was&n ...
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Friday, October 9, 2020 / by Monique 'Moey' Nichols
Every day in the U.S., roughly 10,000 people turn 65. Prior to the health crisis that swept the nation in 2020, most people had to wait until they retired to make a move to the beach, the golf course, or the senior living community they were looking to settle into for their later years in life. This year, however, the game changed.
Many of today’s workers who are nearing the end of their professional careers, but maybe aren’t quite ready to retire, have a new choice to make: should I move before I retire? If the sand and sun are calling your name and you have the opportunity to work remotely for the foreseeable future, now may be a great time to purchase that beach bungalow you’ve always dreamed of or the single-story home in the sprawling countryside that might be a little further out of town. Whether it’s a second home or a future retirement home, spending the next few years in a place that truly makes you smile eve ...
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Thursday, October 8, 2020 / by Monique 'Moey' Nichols
A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market.
The Institute for Luxury Home Marketing (ILHM) explains:
“With quarantine concerns still top of mind for many luxury buyers, we see large, sprawling estates making their comeback.
For instance, the last six months have seen a resurgence in the buying of mega mansions and estate-size homes – specifically properties that offer space (both inside and outside), separate home offices, gyms, and private amenities such as swimming pools, yoga studios, and recreation rooms.”
This was not the case at this time last year, as the most recent Luxury Market Report fro ...
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Tuesday, September 29, 2020 / by Monique 'Moey' Nichols
As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would home values begin to depreciate?
Original forecasts modeled this uncertainty, and they ranged anywhere from home values gaining 3% (Zelman & Associates) to home values depreciating by more than 6% (CoreLogic).
However, as the year unfolded, it became clear that there would be little negative impact on the housing market. As Mark Fleming, Chief Economist at First American, recently revealed:
“The only major industry to display immunity to the economic impacts of the coronavirus is the housing market.”
Have prices continued to appreciate so far this year?
Last week, the Federal Housing Finance Agency (FHFA) released ...
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