Friday, May 24, 2019

Some Great Exterior Projects To Ramp Up Your Curb Appeal....Whether You're Selling Your Home or Not!

I saw this article on Houzz today, even though it landed in my email a few days back. New escrows take precedence over fun reading!

One of the things we talk about is the curb appeal of your home. It truly is the very first thing people see. Most will plant a few flowers, clean up the driveway, maybe pressure wash the exterior.

But, take a gander at the Houzz article here:

The walk way up to your home needs to invite you inside ....for sure!

New garage doors can make a huge impact.
 A bigger negative impact are ugly old doors.

This may be a bit selfish as a Realtor, 
but bold address signs are very cool when trying to find a home to show my clients!

There are seven more ideas in the article. Keep in mind if you live in a community with an HOA, check with them first.

Enjoy the ideas.....which one do you like best for your home? Oh, and of course, if you want my humble (not really, I'm not meek) opinion...just holler!

Tuesday, May 21, 2019

Home Sales Activity in Santa Clarita May 21, 2019

I hope that the information I share keeps you current and knowledgeable on Real Estate!

Today is about home sales in our lovely little town. Acton to the East, Stevenson Ranch to the West, Castaic to the North, and Newhall to the South. Plus, of course, all our sweet little hoods in between!

Currently we actually have 720 homes for sale! WOWZA!

Under contract/In Escrow you wonder? 500. 
Yep, waiting for 500 homes to close escrow.

Sold in the last 30 days? A lovely healthy number of 374.

So, that means, we still are low, as we only have about a 2 month supply. I can see some homes staying on the market a tad longer. If you are a Seller, it now really requires appropriate pricing. If you are a Buyer, it still may be a multiple offer situation on the best of the best.

If you have any questions about anything related to your Home or Real Estate.....anywhere in the USA, contact me first. No matter what, contact me first. I'd hate for you to make a slight error because you didn't learn something correctly from me.

Friday, May 17, 2019

Title Insurance & A Preliminary Title Report ~ What Are They?

In short terms I tell clients the title insurance makes it so 'Johnny Joe' can't claim he owns your property 3 years after escrow closes. That's the brief description.

But, it actually can be so much more than that. Read on the learn something today:

Whenever my seller(s) sign a listing agreement, one of the first things I do, is order a preliminary title report.

The prelim is an intense search on the property in question and the sellers of same property.

When it arrives I read it, yes, I truly read it. I'm looking for liens, weird judgements, odd 'exceptions' on the report.

Why you ask? Because nothing can hurt a sale more than finding something 'off' on the prelim that needs time to resolve.

Say you find a lien against the seller they thought was charged off back in the day? Well, we can't close escrow with a clear title unless that lien is paid. Because, if that lien isn't paid, buyers don't have a clear title. And, without a clear title, there is no title insurance without that lien still be attached to the property.

There is what is considered a 'cloud' on the title. 
And, trust me, you don't want that stuff raining on your parade!

What we frequently find are old CC & R's that run with the land. Mineral rights, stuff like that. Of course, we find the sellers mortgage.

I've got one now that has a couple issues that seller thought was cleared years & years ago! I've found old mortgages that are just errors. I found a child support judgement. An HOA lien against a seller years ago as well. Tax liens, mechanics liens. You think it, I've seen it.

And, to get clear title insurance & close escrow, we frequently need to clear exceptions noted on the prelim.

Curious about any old stuff you think just may be attached to your home? Just ask, I'll help you find out.

Tuesday, May 14, 2019

Stop Scrolling & Start Buying.....I'm Here to Help

New Research Shows Housing Is Affordable For First-Time Buyers

New Research Shows Housing Is Affordable For First-Time Buyers | MyKCM

Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns.
The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest reportshows that FTHB’s made up 33% of buyers in March, which matches their reported share in 2018.
NAR uses survey data from their members to come up with this statistic, so their results do not include every transaction completed. Rather, they only the transactions reported by members who complete the survey.
The other entity that reports on FTHB share is the American Enterprise Institute (AEI). The AEI uses data from mortgage applications that define an FTHB as “any borrower who did not have a mortgage for the preceding three years.”
This means the AEI measurement also includes former homeowners who transitioned out of a home they previously owned and re-entered the market after at least 3 years. The latest FTHB share data from AEI shows that first-time buyers made up 57.5% of all mortgages in August 2018. NAR’s data shows a 31% share for the same time period.
New research from the New York Federal Reserve shows that these traditional reports on FTHB share have been unable to give an accurate depiction of this group’s involvement in the market.
The NY Fed was able to take consumer credit data and identify when a mortgage payment entered a consumer’s credit report to determine when a first-time home purchase was made. Using this data, they were able to show that AEI’s reported FTHB share was consistently 10% higher. The NAR reports were right on par with their findings until 2010, when NAR’s share dropped to the 11% gap seen today.

So, what does this all mean?

First-time home buyers have not disappeared from the market as many analysts had believed. Buying a home is very much a part of the American Dream for younger generations, just like it had been for their parents and grandparents.
This also means that rising prices have not scared buyers away from the market. Many first-time buyers are making sacrifices to save their down payment and make their dream a reality.

Bottom Line

If you are one of the many renters who is scrolling through listings on your phone every night dreaming of buying your own home, there are opportunities in every market to make that dream a reality!

Friday, May 3, 2019

For My Peeps & American Cancer Society; Relay For Life SCV

I made a goal for 2019. I've shared the possibility with everyone I know. There are two special non-profit organizations that I want to help even more this year than the last few. You may tell me your own though, not just these two are 'eligible' for my donation gift.

One gal is so special to my heart. Well, actually her whole family is. She and her husband have one child...a blessing. Now, another is on the way. Truly never knew for sure if children would be in their future.

She is a cancer survivor. The most animated, positive, loving person I think I've honestly ever met. Notice animated was the first adjective! She is an absolute delight. She is definitely one helluva survivor.

I helped her buy two homes in the past. I just helped her sell one to a dear friend. And, we opened escrow on the other home with an all cash buyer this week.

Needless to say, we're heading out tomorrow to start house hunting for a replacement home for their growing family.

Purpose of this post though? Today, I donated $243.00 to the American Cancer Society, SCV Relay For Life. Why? Because that's a commitment I made & she was the first to be part of that commitment.

If you are thinking about Selling or Buying a home with me, just ask about this program, why I do it, and let me know what's important to you.

Tuesday, April 30, 2019

For Sale By Owner ~ FSBO, Really?

I don't honestly know anyone that has tried to do a FSBO....but, if you're thinking about it....take a gander at my notes below...then call me to chat!

"Selling Your House: Here’s Why You Need Me In Your Corner!"

Selling Your House: Here’s Why You Need A Pro In Your Corner! | MyKCM

With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional.
Real estate agents are trained and experienced in negotiation while, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.

Here is a list of just some of the people with whom the seller must be prepared to negotiate if they decide to For Sale by Owner (FSBO):

  • The buyer, who wants the best deal possible
  • The buyer’s agent, who solely represents the best interests of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company, if there are challenges
  • The buyer’s lender, if the structure of the mortgage requires the sellers’ participation
  • The appraiser, if there is a question of value
  • The title company, if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality, if you need to get the CO permits mentioned above
  • The buyer’s buyer, in case there are challenges with the house your buyer is selling

Bottom Line

The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Let’s get together to discuss all that we can do to make the process of selling your house easier for you.

Friday, April 26, 2019

My Newest Listing Needs A Wee Bit of TLC!

With Inventory Low: Will Your Dream Home Need Some TLC?

With Inventory Low: Will Your Dream Home Need Some TLC? | MyKCM

It's kinda funny, all the TV shows that make buyers want a perfect home when they first buy it? But, when I'm working with Buyers, we don't always see 'TV' homes in real life and many are willing to buy what they want, where they want it, for what they can afford...knowing that they will need to make some improvements along the way.

Read on......

According to a new survey from, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value!’s Chief Economist, Danielle Hale, pointed to low-inventory at the entry-level price range for the increase in willingness to renovate.
"The combination of rising home prices and limited entry-level homes for sale is prompting many home shoppers to consider homes that need renovating.
Replete with inspiration at their fingertips - like Pinterest, Instagram, and various home renovation TV shows - some home shoppers are comfortable tackling home renovation jobs to find a home that balances their needs with their budget."
Just over half of all respondents who said they would be willing to buy a home in need of some TLC, would also spend more than $20,000 to make the home fit their needs.
The most common ‘expected’ renovation is a kitchen remodel which can run anywhere from $22,000 for a minor remodel to $66,000 for a major remodel.
This isn’t a new trend by any means. According to the Joint Center for Housing Studies at Harvard University, home improvement project spending reached a new high in 2018.
“Americans spent $336.9 billion on remodeling projects, up 7.4% from the $313.6 billion a year earlier.”
Home renovation television shows have given many buyers hope that they could renovate a home they can afford into their dream home!

Bottom Line

If you are one of the many Americans considering buying a home this spring, let’s get together to help you find a house with the potential to be your dream home!