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March Housing Report

February home prices reached a new high as steady demand combined with record low inventory drove prices up, according to this month’s RE/MAX National Housing Report that surveys 53 metro areas.
Find the complete report here.

Career Night April 18th


There’s a reason RE/MAX attracts the most productive real estate professionals in the business. The network’s entrepreneur-based business model, along with RE/MAX education and support, means that agents are in business for themselves, but not by themselves. Find out what being part of the most productive and most trusted real estate network can do for your business.

Thinking about becoming a real estate agent? Learn how you can grow and achieve all you want in your life and career.
Read more… join.remaxallpro.com

Visualize yourself on a team of high achievers and winners!
Don’t miss out! Space is limited – register today!
661-945-9461
Or RSVP on Facebook: https://www.facebook.com/events/1574960675867394/

5 Tips for Budgeting a Remodel

Planning to remodel?

While the total cost of your project will depend on its scope, materials and the fees of any professionals you hire, here are some suggestions for beginning to craft a renovation budget.

1. Determine where the money will come from

Will you use savings? Or will you take out a home equity loan? Once you determine your source of funding, determine how much you want to spend on the project – and stick to that limit.

2. Set your priorities

Before you pull out a calculator, clarify your reasons for renovating. Divide those reasons into “wants” and “needs.” For example, reconfiguring your bathroom so that your currently questionable electrical and plumbing will pass an inspection is a “need.” His-and-her water closets, a whirlpool tub and built-in towel heaters are “wants.” Setting priorities will help you make decisions as you move through the renovation process.

3. Step away from the computer

Visit show rooms, model homes and design stores in addition to checking out pictures online. Before investing in materials and appliances, be sure to see and feel them, or samples of them, in person.

4. DIY or contractor?

The biggest question to answer when creating your budget is deciding whether to do the work yourself, or to hire a contractor. Doing the work yourself is usually less expensive – unless, of course, something (costly) goes wrong. Using a contractor, however, can mean your project is completed to professional standards and usually in a shorter time frame. Be sure to calculate the value of your time (and your back and knees) and the inconvenience of having a bathroom or kitchen out of use during the project when deciding whether to opt for DIY or a pro.

5. Expect the unexpected

Whether you plan to do the work yourself or hire a contractor, add on an extra 15 to 20 percent of your total budget for unforeseen expenses. Added costs inevitably arise, especially if you’re dealing with an older home.

Want to know which home renovations could improve your resale value? Talk to a RE/MAX agent.

4 Things We Learned from RE/MAX in the 2017 TV Campaign

Today’s blog is written by Camp + King, the award-winning ad agency behind “The Sign of a RE/MAX Agent” campaign, launched in 2016. New ads in the campaign will begin airing this month.

4 Things We Learned from RE/MAX … and How it Influenced the 2017 TV Campaign

1. When buying or selling a house, everyone has opinions and advice.

Yet NAR research on Home Buyer and Seller Generational Trends shows that younger buyers still want an agent to help them understand the process and negotiate better contract terms. Even in the internet-age, agents are still an essential part of the home-buying journey because they help separate knowledge from noise.

2. Every 30 seconds, a RE/MAX agent helps someone buy or sell a home.

Staggering, isn’t it? That means in the time it takes to brush your teeth, four homes were bought or sold by a RE/MAX agent. We thought it would be fun to dramatize this with a series of 15- and 30-second spots that show all the things you can do in the time it takes for a RE/MAX agent to buy or sell another home.

3. A house doesn’t exist in a vacuum.

The city, the neighborhood, the school, the street – all factor into finding the perfect home. Luckily, RE/MAX agents go above and beyond to help you find your little corner of the world. One of the commercials in this year’s campaign tells the story of an agent who checks all the boxes and finds the perfect place for her clients.

4. Surround yourself with great people and expect great results.

Since the advertising campaign represents the best-of-the-best agents, we had to get a best-of-the-best director to shoot it: Roman Coppola. That’s right – the Academy Award-nominated screenwriter (for “Moonrise Kingdom,” which he co-wrote with none other than Wes Anderson) and co-creator of the Golden Globe-winning “Mozart in the Jungle.” Not only was he a pleasure to work with, his attention to detail and dedication rivaled a RE/MAX agent’s.

Keep an eye out for the new round of RE/MAX ads airing during your favorite TV shows – or watch all of the ads on YouTube

RE/MAX All-Pro Community Outreach Scholarship

 

Applications can be picked up in person at RE/MAX All-Pro or download now :
2017 Scholarship Flyer | Application  : DUE April 14, 2017

Please note the following eligibility criteria for scholarships offered through the RE/MAX All-Pro Outreach:

• Must be a U.S. citizen or an eligible noncitizen
• Must be planning to attend an accredited educational institution
• Must reside in the Antelope Valley
• Must be attending a Participating High School
• Must have a minimum grade-point-average of 3.0 to be eligible
• Previous scholarship recipients are not eligible
• Scholarships must be claimed in the year they have been awarded
• Scholarship funds will be made payable to the school of your choice with proof of acceptance
• Children of RE/MAX All-Pro employees or associates are not eligible
• NO CHECKS WILL BE WRITTEN DIRECTLY TO A STUDENT/INDIVIDUAL

Read more »

February Housing Report

With the tug-of-war between rising home sales and shrinking inventory intensifying, January set records for the RE/MAX National Housing Report. Last month topped all other Januarys in the report’s nine-year history with the most sales, highest sales price and fewest days on market.
Find the complete report here.

6 Decisions to Make Before Your Home Search

 

In the market for a new home but have no idea where to start? There are several decisions you should begin to make before you even start your home search. By asking yourself the right questions, you can quickly pinpoint what you want – and can afford – in your next home.

1. What’s your budget? See how your finances stand up to the 28/36 rule, which lenders use to see what you can afford to pay each month. A financial adviser or your real estate agent also can help you crunch the numbers. Going through the mortgage pre-approval process lets you know how much lenders will allow you to borrow – plus it helps you show sellers that you have the funds to backup your offer.

2. What do you need in your new home? How many bedrooms or bathrooms do you need? What about a large kitchen, a home office or a playroom for the kids? How many cars need covered parking? It’s critically important to ensure the home you select meets your family and lifestyle needs.

3. Do you want a condo or single-family home? Condos come with much less maintenance. You typically won’t be shoveling snow in the winter or replacing the roof, but you’ll likely pay monthly association fees to cover services and repairs in the community. Houses, on the other hand, come with more privacy and freedom to customize. They also come with full responsibility for maintenance.

4. How do you feel about living under covenants? Depending on where you buy, you may have to pay homeowner association (HOA) fees in addition to your mortgage. There are benefits to HOAs, such as maintenance, community centers, and maybe even a pool or gym. But you also could be faced with more restrictive rules about the look of the outside of your home, down to the color of your front door, types of window coverings, and whether you can plant flowers in your yard.

5. What school district do you want to be near? Even if you don’t have children in the house, local schools will affect your property value. Prospective homebuyers tend to search with education in mind. Do your research on the schools in the areas you’d like to live in.

6. Should the home be move-in ready? Ask yourself how much elbow grease you’re willing to put into a home – or how much you’ll pay someone else to do the work. Fixer-upper homes can be great after the work is done, but you’ll want to figure out your renovation budget before you start your home search. A203k home-renovation loan might be the right resource for you. If you’re not ready for the extra financial commitment of rehabbing a home, or you can’t or don’t want to wait for remodeling projects to finish up, then a home that’s move-in ready might be right for you.

After considering all these factors, you’ll be ready to start the home search with a clearer picture of where you’re headed. When that time comes, let a RE/MAX agent guide you all the way there.

January Housing Report

Capped off by a strong December, 2016 was the best year for U.S. home sales since the recession, according to the January 2017 RE/MAX National Housing Report. Home sales in 2016 were the highest in the housing report’s eight-year history, topping the sales of 2015, the previously strongest year. Nine months of 2016 posted sales greater than in the same months of 2015.
Find the complete report here.

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Five Things to Know: Millennials and Home Buying

Millennials are now major players in the home buying arena, according to the recent Home Buyer and Generational Trends report released by the National Association of Realtors:

1. Millennials accounted for 35% of buyers in 2015. This is up from 32% in 2014, and is the third year in a row Millennials have composed the largest group of recent buyers.

2. In 2015, the number of Millennials purchasing in an urban or central city area decreased to 17% from 21% in 2014. Suburbia-phobe? Perhaps not.

3. They have help getting their foot in the door. Twenty-three percent of Millennials used a financial gift for (or toward) their down payment.

4. An online search was the first step for 56% of Millennials, whether they were looking for properties or searching for information about the home buying process.

5. Almost 90% worked with a Realtor to buy their home.

Are you a Millennial looking for your next home? Work with an agent prepared for the changing marketplace. Find one here.

December Housing Report

Despite the typical winter slowdown, November home sales finished 19.1% above a year ago and prices increased 1.4% over October. All but one of the 53 markets in the RE/MAX National Housing Report posted an increased number of sales over November 2015, with nearly half of the markets at least 20% higher. In all, last month saw more homes sold than any other November in the eight-year history of the report.
Find the complete report here.