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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Monday, October 12, 2020 / by Monique 'Moey' Nichols
There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale by Owner (FSBO), it’s critical to consider the following:
1. Your Safety Is a Priority
Your family’s safety should always come first, and that’s more crucial than ever given the current health situation in our country. When you FSBO, it is incredibly difficult to control entry into your home. A real estate professional will have the proper protocols in place to protect not only your belongings but your family’s health and well-being too. From regulating the number of people in your home at one time to ensuring proper sanitization during and after a showing, and even facilitating virtual tours for buyers, real estate professionals a ...
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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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Wednesday, October 7, 2020 / by Monique 'Moey' Nichols
Market Update
Even though we saw a slight decrease in new listings, opened escrows and sold homes this past week, the real estate market continues to thrive.
San Luis Obispo County has double the production currently compared to the state of the market in January of this year.
Despite the continued pressures of the pandemic, consumer home-purchasing power has stayed strong as mortgage rates remain at record lows. Meanwhile, for-sale inventory has continued to dwindle, dropping 17% nationally year over year in August, which created upward pressure on home price appreciation as buyers compete for the limited supply of homes.
Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market. ...
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