A past client just put his home at 304 Grapevine Place in Pleasant Hill on the market. It went pending in 7 days and received four offers all over the asking price.
He only bought 15 months ago, but a career with the Coast Guard has him moving to Seattle and he will still walk away with some money in his pocket, although he is telling me Seattle is as pricey as the East Bay if not more so.
I love helping our military sellers and VA buyers. I specialize in knowing about the VA loan, have worked on a military base in Nuremberg, Germany and have a son who is currently in the Navy (on a nuclear sub, NuPoc graduate). If you know somebody who is eligible for the VA benefits and would like to know more about the home buying process, I would be honored to help them.
Tucked away in front of a building on Cole Ave. (off N. California Blvd. by The Counter), is a cool sculpture called “Sparks.” I never would have noticed it if not for looking up while I was walking by.
The sculptor is Linda Fleming, a longtime sculpture professor at California College of the Arts. She has three major pieces at the Oakland Museum, which you can see HERE, HERE and HERE.
Lesson learned: always pay attention to your surroundings so you don’t miss anything!
Our annual BHG convention recently occurred in Las Vegas. It is at this time of year they announce award winners based on production. I am happy to share that I was the recipient of the Emerald Elite Award, for which any agent nationwise, within the Better Homes and Gardens Company, meets the following criteria:
$325,000 GCI (Gross Commission Income, before taxes and expenses) OR 59+ total transactions
Thank you to all my great clients, referrals from friends and agents, team, lenders, inspectors, stagers and title reps! Additionally, I was awarded the 2017 Best of Walnut Creek Award in the Real Estate Agents category by the Walnut Creek Award Program. You can see a press release about that here, if you’re so inclined:
We found a Realtor.com article recently that ranked the hottest real estate markets for February 2017. Nobody will be surprised to see that three of the top five (Vallejo, San Francisco and San Jose) are in the Bay Area.
According to the article, a large part of Vallejo’s rise to number one on the hottest real estate markets list is due to their drop in median days on market. It wasn’t too long ago that Vallejo went bankrupt and Mare Island redevelopment was in the crapper – that still might be an area for investment.
I also found out that Seattle is the fastest-growing market, which doesn’t surprise me at all. Seattle seems to be on the fast track to San Francisco status, with a similar culture and a bunch of new tech companies migrating their headquarters North. I currently have a client selling in Pleasant Hill and moving to Seattle and he is finding it is more expensive to purchase there.
Either way, the West Coast is HOT! If you are looking to buy or sell in the East Bay, please feel free to reach out and ask for my help!
I want to offer my sincerest congratulations to Amanda and Siubhan on their recent closings!
Amanda, a past client of mine, decided she wanted to pursue her dream of having land, horses, chickens and a big garden. When a piece of land became available in Vacaville, she decided to make an offer and it was accepted! We then rushed to get her Concord home ready over the Thanksgiving holiday and were in contract by December 9th. Whew!
Siubhan is another past client who had bought a condo in Antioch four years ago, but had not been living in it for the last year or so and could not rent it out due to rental restrictions. She felt now was the right time to sell. Twelve offers and $26,000 over asking price later, Siubhan is excited to take a trip back to Scotland to visit family.
I would love to know your story and help you accomplish your dreams, reach out to me or visit my website: www.kristinlanham.com.
The other day, I wasn’t feeling well and ended up on the couch for most of the day watching The Big Short. It was much more insightful the second time around – I highly recommend watching if you haven’t already!
After seeing the movie and getting a spam voicemail market update from a lender (that was a first; the phone never even rang), I was prompted to blog about these tidbits:
Did you know that for every 8 applicants for home loans, 1 does not get approved? That proves the importance of getting pre-approved prior to house hunting.
Mortgage Rates saw a small decrease the week of Feb. 6th-11th and the stock market is showing signs of stalling. In speaking with my Degalis Advisor about my SEP, I asked if I should get out of Bonds. His advice was that we are due for a correction, so keep the Bonds for now.
The MCA index (which stands for “mortgage credit availability”) increased for the 5th month, which means we have looser mortgage standards. This has been needed because of strict regulations after the crash (we went from one extreme to another), but it still makes me nervous after re-watching The Big Short.
The 2017 year in real estate has been coined as “Modernization” and we should see a continued strong pace of growth and above average appreciation.
The West will lead the way in appreciation at 5.5 percent, compared to 4.5 percent nationwide.
I love this utility box art on Locust St. and Cypress St. by Ruth Kolman Brophy. She is an Austrian artist living in the Bay Area. As you can clearly see by this beautiful mural, she is very influenced by working with bold colors. What a great piece!
December and January are usually busy months with holidays, vacations and school breaks. But, contrary to popular belief, that does not mean the housing market slows down. On the contrary, actually!
Based on 2015 numbers, listing your home in December and January actually give you a benefit. You can garner multiple offers and close above list price. In Spring, you get the price increase but also more houses listed, which lead to many more choices for buyers, making multiple offers rarer (or, you’ll get fewer offers at least, like 3 vs. 8 in Dec./Jan.).
If you’d like to take advantage of this market in December and January, reach out to me. I’d love to help you navigate the holiday season weather you are selling or buying a home or just consult with you on the best overall strategy for you!