Pursuing Homes Northern California Blog

Jan. 23, 2019

How to Sign up for Monthly Market Reports

If you're currently on the hunt for the perfect new home, you need to utilize monthly market reports. They are the hidden gem of the home buying process! Market Reports contain a list of area home values (aka comps) over a specified timeframe in your desired city, subdivision or zip code.

These can be powerful tools if you're considering a purchase in the coming year, as they contain information that cannot be found on most websites, like homes under contract and homes that were recently sold. Interested?

Click on the button and follow the instructions below to sign up for monthly market reports in your area of interest: 

1. When you click on the button at the end of this post, you will see this page. First, fill out the information under the "Location" section. From the drop-down menu, choose your county. If you live in this area, it will automatically be Placer County. Then select the city, neighborhood, and region you are interested in.


2. Next, fill in any of the information in the "property details" section. You can leave it as "no preference" if you are not interested in specific information for that section.



3. Click the red button that says, "Go to Market Report"



4. Here you will see the market report lists below. Click the button at top of the page that says, "Save Market Report & Get Monthly Updates"



5. If you have an account, your screen should mirror below. Here you can name the market report and choose the frequency that you want to receive updates. If you do not have an account with us, it will prompt you to set one up for free. Once you are all set, click "Save Preferences" and you are done.


6. You are all set! You should start to receive monthly reports for the specific market report you created. Click below to get started:




Posted in Buyers
Jan. 22, 2019

Questions Every Home Buyer Should Ask

Like the famous author Steven Covey would say in his book, 7 Habits of Highly Successful People, you need to “begin with the end in mind.” In real estate, it’s no different. It’s important to think about the home you hope to buy in the future.

What does the home you see yourself living in look like and what features does it have? To find that home, you need to define what attributes you are looking for.

Does it have a pool? Is it a one or two story? How many bedrooms does it have?

The more specific you can be, the quicker you will find the home of your dreams and also ensure you do not miss out on one that would have been perfect for you.

Ask yourself the following questions when you begin the home search process: 

  • What city/cities are you considering a home purchase?

  • What price do you want to stay under?

  • How many bedrooms do you need?

  • How many baths do you need?

  • What is the minimum square footage you would like?

  • Would you like a single story or a two-story home, or possibly either?

  • Is a swimming pool a must?

  • What other needs do you have?

Posted in Buyers
Jan. 22, 2019

The Importance of Inspecting Your Potential Home

It is a seller’s responsibility during the sale of their home to “disclose” all material facts regarding the knowledge they have about the home. Any remodeling or repairs that have been done on the property should be disclosed. Any issues they know about need to be made known to the buyer.

Your responsibility as a buyer is to “discover” all you can about the home.

Sellers are often unaware of issues with their home until a professional inspects it. You have the right to thoroughly inspect the home you are purchasing. It is highly recommended to hire a professional home inspection company and a licensed pest inspection company to start with.

Once the home inspector completes their investigation of the property, they may recommend further evaluations to be completed by a qualified professional. For example, if the home inspector had concerns about the air conditioner or heater, it is a good idea to have that looked into further by a licensed HVAC company.  

Be proactive. Ask questions, and meet some of your potential new neighbors. If you are viewing the property during the day, you may want to drive by in the evening also.

Posted in Buyers
Jan. 22, 2019

Determining the Right Offer Price

Determining the price you are willing to offer should be determined by what the market warrants. To know this information, you will need to see the comparables.

That is a list of homes that are currently under contract and the most recent homes that have sold. There is a high and a low range that homes are selling in.

Homes in the lower range tend to be less desirable. They may not have the best location or need some TLC. Homes in the high range are usually move-in ready and have desirable features.

We have found that homes not priced within the selling range will often sit until a seller becomes realistic and reduces the price within the market range. Homes that do sell will usually be sold within 97% of their list price. Often, desirable homes will sell for full price or higher!

This is why it’s important to work with a professional who actively sells homes and is aware of the market sales in the area they work.

Be sure you have set yourself up to receive market updates showing you what homes are active, under contract, and recently sold in the area and price range you are looking at. This is invaluable information as you continue in your home buying journey.

Click here to learn how to sign up for monthly market updates and then click the button below to get started:



Posted in Buyers
Jan. 22, 2019

Location, Location, Location

You may have heard the phrase that the three things that matter most in real estate are, “location, location, and location.” Nonetheless, some buyers end up purchasing a home in a location that’s not right for them, simply because they make their choice for all the wrong reasons.

They’re looking at a house in the wrong area or the wrong school district, but they buy it because they like the kitchen or the color of the paint.

Purchasing a home is usually the biggest financial decision a person makes. At the Pursuing Homes Real Estate Group, we look at the home buying process as a journey we take with our clients. During the journey, we listen to what our clients say is important to them in the homes we tour. We make note of those things to help us refine our clients’ search objectives.

We understand a home purchase is a process that unfolds. What may have been important to a buyer at first becomes less important as they begin to see the options available to them from one home to the next.

Posted in Buyers
Jan. 22, 2019

Move-In Ready vs. Fixer-Upper Homes

Here at Pursuing Homes, we can’t tell you how many times a client has had an idea of what something will cost to improve their new home. Whether it be flooring, a new roof, or new HVAC system, we have been able to share our contacts with them and they were able to do the job for much less money than they expected.

On the other hand, if you're on a budget and can’t do the repairs or remodeling right away, you can look for homes whose full potential has yet to be realized. These are fixer-upper homes!  Even if you can't afford to replace the hideous wallpaper in the bathroom now, it might be worth it to live with the ugliness (for a while) in exchange for getting a house you can afford.

If the home otherwise meets your needs in terms of the big things that are difficult to change, such as location and size, don't let physical imperfections turn you away. Homebuyers should look for a house that they can add value to, as this ensures a bump in equity to help them up the property ladder. As a side note, if renovations are required, lenders may have loan programs that allow the cost of those renovations to be included as part of the loan.

Posted in Buyers
Jan. 22, 2019

New Neighborhood Research Resources

When moving to a new neighborhood, it's crucial to do your research. Below is a list of websites that you may want to refer to as you determine where you want to purchase a home. 

For example, you may need a specific school and want to be sure the neighborhood you are looking in will allow your family to enroll in the school you would like, or you may need to rely on public transportation. 

The following resources can help with questions like those: 

School Ratings

Crime Rates & Statistics

Walkability & Public Transportation

Hospital Ratings

Posted in Buyers
Jan. 22, 2019

Advice for Visiting New Builds and Open Houses

If you are considering a New Construction or New Build home and wish to visit the models, you could lose your right to have an outside Realtor help you if you visit the community or model without representation on the first visit. Know that you may have to use the Realtor at the new builds sales office who is actually representing the seller/builder. If you have your own realtor represent you, we will be there to take care of your wants and needs.
With open houses, it’s a little different. Although you can visit the home without your Realtor, the agent still represents the seller and has only the seller’s interest in mind. Ideally, letting your Realtor know you are going to do some open house “shopping” before you go would be the best thing.

Then they can provide you their cards to hand the agents when you walk in, or better yet, go with you! However, if you see one you MUST see last minute, just be sure to advise the agent on site that you have a buyer’s agent as soon as you walk in. 

In these two situations, your best interest is to have personal representation. The seller’s agent cannot possibly provide you 100% of the assistance you deserve, as they are also working for the seller.

We have found many clients think they will get a better dealing going directly to the listing agent, but this is not the case. Either way, a commission will be charged, so you might as well have someone fully representing you. Make sense?

Simply let me know ahead of time when you wish to visit new construction or open houses so I can help you the best I can. Then you never lose an opportunity to have incredible buyer representation! My goal is always to get you’re the best price, the best advice, and best guidance through the whole home purchase process.

Posted in Buyers
Jan. 16, 2019

The Benefits of Buying vs. Renting

If you are considering purchasing a home, it is always a good idea to stop and consider the timing of your purchase. Is it really a good time to buy or should I rent until the market is better?

In the current market, you may very well pay less per month to own a home than rent one! Even better, the amount you may need to put down in rents/deposits to move in may be enough to cover a portion of your closing costs and down-payment to buy. 

In this case, the benefits of buying a home far outweigh the benefits of renting. Read our list of the top benefits of buying a home below:

1. You will have a fixed mortgage rate

With a “Fixed Mortgage Rate” you have a fixed monthly payment. When you rent, you have no control of monthly rent increases set by your landlord if you plan to remain in your lease over time.

2. You will build equity over time 

If you buy and plan on keeping your home long-term, you will build up equity over time. When you rent, you receive no equity. Basically, when you move out of a rental, you have no chance of earning money from the property you have been living in.

3. You may have tax advantages 

There are certain tax advantages you may get that are not available for renters. I am not a CPA, but I do recommend you speak with a local CPA to learn of the tax benefits of owning a home vs. renting because many of my clients can write off mortgage interest payments. You may qualify for that tax benefit too!

4. You never have to worry about the home selling 

Landlords can sell the home you are renting without conferring with you! When you own, you never have to worry about your Landlord deciding to sell the property you are living in and kicking you out once your lease is up.

5. You will not have pet restrictions

Do you have pets or breeds that landlords will not agree to? When you own, in most cases, you can own any type/breed of animal you wish.

6. You do not have to pay realtor fees 

When you buy a home, my fees to help you are paid by the seller of the home your purchase.

Posted in Buyers
Jan. 9, 2019

Planning for Closing Costs

Let's talk about closing costs associated with buying a home. You probably understand that you will need to have a down payment in order to close on your new home. Most likely, you have factored in this amount and have saved it or are currently saving for your “down.”  However, from our experience, many buyers we have worked with do not understand that there are other fees associated with a home buying transaction that go over and above the down payment.

To be sure you are prepared when the time comes, we wanted to provide you a list of some of the additional costs you need to be ready to have in hand. Possible fees are referred to as closing costs and/or pre-paids.

Some of these additional fees and costs may include: 

  • Lender Fees

  • Impounds

  • Taxes

  • Appraisal Fee

  • Credit Report Fee

  • Escrow Fee

  • Title Fee

  • Homeowner’s Insurance Fees

  • Homeowner Association Fees

  • Recording Fees

Though these fees may seem endless, take comfort in the fact these are normal in any home purchase transaction. If you are paying cash, lender fees will not apply.

You may be wondering how much additional money you should expect to have to close on your new home. Unfortunately, each property and transaction is unique and there is no way to provide an exact amount.

For instance, is some scenarios, you might be able to get the seller to pay for some of these fees. This would obviously change your out-of-pocket costs.
Are you interested in getting a better idea of what you should be anticipating for closing costs?  We can certainly help you with this! Give us a call and schedule a time to discuss. 

Posted in Buyers