Wednesday, January 27, 2021 / by Monique 'Moey' Nichols
San Luis Obispo County hasn't seen much change with New Listings hitting the market in comparison to the previous couple weeks. We did see a nearly 13% increase in properties going Pending. With more than 15% less properties sold this past week, the uptick of escrows opened, and no influx of inventory hitting the market, we're still very much in a Seller's Market.
A swell of buyers are looking to enter the market, keeping demand firm amidst the continued historically low interest rates. By the 4th quarter this year, experts are forecasting that refinance volume will decrease, largely because many will have already refinanced due to these low rates.
In 2020, median listing prices grew 13.3%, according to Realtor.com. Experts forecast prices will stay on this upward track.
Even if home prices rise as forecasted, that w ...
Thursday, March 5, 2020 / by Monique 'Moey' Nichols
Ever wonder what a home inspector is doing in the 2+ hours while they're at the property you're selling or purchasing? Curious to know the top 6 things they look at for their report? All these areas can affect the negotiation of a sales contract. It's important to be informed so you can prepare for possible repairs and unforeseen expenses.
Wednesday, February 26, 2020 / by Monique 'Moey' Nichols
You definitely want to use a home inspector in the area you are buying or selling property. They will be most informed of county retrofit requirements and other local ordinances that may effect what needs to be fixed or replaced in a home or property.
Monday, October 21, 2019 / by Monique 'Moey' Nichols
What happens when you hire more than one professional vendor to inspect a property and the reports come back with drastic variations?
Check out a recent situation we encountered and the actions taken.