Tuesday, June 13, 2017

Roseville and Rocklin Real Estate

Were seeing the beginning of some changes in the market.  There are some price points that are seeing some resistance and it's mostly the higher the price the less the buyer pool is.  Anything in the entry level, 300,000 to 400,000 in the Roseville / Rocklin area will go quickly.  Surrounding areas are hot too.  Take Orangevale for instance, we're seeing small 1300 sqft places going for the mid 300's.
The beginning of appraisal issues are here.  Values have been pushed where a new ceiling is being crated with every sale.  This trend cannot and will not go on much longer.  There will be a market correction coming in the near future.  I'm not calling it a bubble, but a market correction seems like a better description of what's to come.  One way or another, either supply and demand, interest rates, jobs, 10 year adjust coming due... something will come into play and reverse the values.  No one likes to take about the market going down, but it is a cycle.  The general consensus is around a 7 year cycle in california.  I think that's close when you look historically; however, the last recession was a whopper.  This time around is more like 10-11 years.
Here's my 2 cents for the day.  If you 're looking to buy or sell a home in Roseville, give me a call.

Chad Phillips
Re/Max Gold

Tuesday, June 6, 2017

The color you paint your house can effect your sales price.

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Paint colors play a crucial role in successfully selling a home, having the power to influence a homebuyer’s decision to make an offer or move on—and the best colors, according to a new Zillow analysis, are blues and grays.
Homes with bathrooms that have soft blue walls (e.g., periwinkle, powder blue), specifically, sold for $5,440 more than expected in the analysis, as well as homes with a “greige” (beige/gray) exterior, which sold for $3,496 more than homes with brown or tan stucco exteriors. Homes with dark navy blue and/or slate gray front doors also sold for more: $1,514.
Certain colors, though, have the opposite effect, lowering sale prices by a few thousand dollars or more. In fact, homes with bathrooms that have white walls sold for $4,035 less than expected, while homes with darker walls (e.g., brick red, terracotta) sold for $2,031 less than expected.
“Color can be a powerful tool for attracting buyers to a home, especially in listing photos and videos,” says Dr. Svenja Gudell, chief economist at Zillow. “Painting walls in fresh, natural-looking colors, particularly in shades of blue and pale gray, not only make a home feel larger, but also are neutral enough to help future buyers envision themselves living in the space. Incorporating light blue in kitchens and bathrooms may pay off especially well, as the color complements white countertops and cabinets—a growing trend in both rooms.”
The analysis considered over 32,000 photos of sold homes across the U.S.