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5 Reasons to Sell Now

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Sell-your-house-fast-nutleyMany sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? Can buyers qualify for a mortgage?  These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are 5 reasons to sell now.

1. DEMAND IS STRONG

There is currently a pent-up demand of purchasers as many home buyers pushed off their search this past winter & early spring because of extreme weather. According to the National Association of Realtors (NAR), the number of buyers in the market, which feel off dramatically in December, January and February, has begun to increase again over the last few months. These buyers are ready, willing and able to buy…and are in the market right now!

2. THERE IS LESS COMPETITION NOW

Housing supply is still under the historical number of 6 months’ supply. This means that, in many markets, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.
There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future. Also, new construction of single-family homes is again beginning to increase. A recent study by HarrisPoll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).
The choices buyers have will continue to increase over the next few months. Don’t wait until all this other inventory of homes comes to market before you sell.

3. THE PROCESS WILL BE QUICKER

One of the biggest challenges of the 2014 housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen.  Selling now will make theprocess quicker and simpler.

4. THERE WILL NEVER BE A BETTER TIME TO MOVE-UP

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 19% from now to 2018. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate in the low 4’s right now. Rates are projected to be over 5% by the end of next year.

5. IT’S TIME TO MOVE ON WITH YOURLIFE

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to thequestions above. You have the power to take back control of the situation by putting your home on the market and pricing it so it sells. Perhaps, the time has come for you and your family to move on and start living the life you desire.
That is what is truly important.

Don’t hesitate to contact us with any and all real estate questions. We can be found on the web at www.themoellerteam.com or on Facebook at www.facebook.com/moellerteam

Todd Moeller

Seven Gables Real Estate

Todd@themoellerteam.com

714-404-9540

Next Phase of Castro Sidewalk Project Begins

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Castro ConstructionCrews will be back at it in the Castro next week replacing the sidewalk section adjacent to buildings as work on the second phase of the streetscape project ramps up. As the Bay Area Reporter noted last month, fencing around the newly poured sidewalk extensions along the 400 and 500 blocks of Castro Street came down in early June to provide pedestrian access to the widened pathways.

But due to a late start this winter, crews ran out of time to replace the entire sidewalks by a self-imposed deadline to wrap up work by June 17 so as not to interfere with the Frameline LGBT film festival and Pride activities in the city’s gayborhood.

According to a posting today on a website tracking the project, demolition of the remaining older sections of sidewalk will begin Monday, July 14 on the east side of the 400 block of Castro Street, between 18th and Market streets. This portion of the sidewalk work will be done at night in order to allow for customer access during daytime business hours.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Matthew S. Bajko – See the Full Story at the Bay Area Reporter

Click here for gay realtors, mortgage lenders, and other real estate professionals in San Francisco.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

NAR Reports Reveal Two Reasons to Sell Now

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NAR Reports Reveal Two Reasons to Sell Now

NAR Reports Reveal Reasons to Sell Now | Keeping Current Matters
We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now may be the best time to sell your house. Let’s look at the data covered by the latest Pending Home Sales Report and Existing Home Sales Report.

THE PENDING HOME SALES REPORT

The report announced that pending home sales (homes going into contract) “surged” by 6.1%. The increase was “the largest month-over-month gain since April 2010, when first-time home buyers rushed to sign purchase contracts before a popular tax credit program ended”. Lawrence Yun, NAR’s chief economist, expects improving home sales throughout the rest of the year: “Sales should exceed an annual pace of five million homes in some of the upcoming months behind favorable mortgage rates, more inventory and improved job creation.” TakeawayDemand is beginning to increase dramatically compared to earlier in the year.

THE EXISTING HOME SALES REPORT

The most important data point revealed in the report was not sales but instead the inventory of homes on the market (supply). The report explained:

  • Total housing inventory climbed 2.2% to 2.28 million homes available for sale
  • That represents a 5.6-month supply at the current sales pace
  • Unsold inventory is 6.0% higher than a year ago

There were two more interesting comments made by Yun in the report:

  1. “Rising inventory bodes well for slower price growth and greater affordability, but the amount of homes for sale is still modestly below a balanced market.” In real estate, there is a guideline that often applies. When there is less than 6 months inventory available, we are in a sellers’ market and we will see appreciation. Between 6-7 months is a neutral market where prices will increase at the rate of inflation. More than 7 months inventory means we are in a buyers’ market and should expect depreciation in home values. As Yun notes, we are currently in a sellers’ market (prices still increasing) but are headed to a neutral market.
  2. New home construction is still needed to keep prices and housing supply healthy in the long run.” As new construction begins to be built, there will be increased downward pressure on the prices of existing homes on the market.

Takeaway: Supply is about to increase significantly. The supply of existing homes is already increasing and the number of newly constructed homes is about to increase.

Bottom Line

If you are going to sell, now may be the time.

 

Don’t hesitate to contact us with any and all real estate questions. We can be found on the web at www.themoellerteam.com or on Facebook at www.facebook.com/moellerteam

Todd Moeller

Seven Gables Real Estate

Todd@themoellerteam.com

714-404-9540

Palm Springs Gay Senior Housing Opening This Summer

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Stonewall GardensA new residential complex designed to cater to the needs and issues of LGBT seniors is expected to open this summer in Palm Springs.

Named Stonewall Gardens, the 24-unit assisted-living property will offer resort-style accommodations, a full-time licensed nurse, and a 24-hour professional care staff. With an emphasis on marketing to LGBT residents, but not excluding straight residents, it will be the first complex of its kind in the Coachella Valley.

“There’s a very big need for it,” says Steven Kregel, chief operator officer at Northstar Senior Living, the company that will manage the complex.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Will Dean – See the Full Story at SDGLN

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Castro Gayborhood Sidewalk Project Reaches Halfway Mark

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Castro Rainbow SidewalksThe project to expand sidewalks in the city’s Castro gayborhood reached the halfway mark this week, and San Francisco planners remain hopeful the work will be completed by early October.

Officials had built in a self-imposed deadline of June 17 for construction to wrap on the first phase of the streetscape improvements so as not to interfere with the Frameline LGBT International Film Festival, which opens Thursday night, June 19, and takes over the Castro Theatre for 10 days, or Pride festivities next weekend in the Castro.

Crews from Ghilotti Brothers, the Marin-based contractor that won the bid for the $4 million project, had largely wrapped up their work by Tuesday, June 17. After cleaning the streets and sidewalks Wednesday morning, the company planned to vacate the area by mid-afternoon. Fencing around the newly poured sidewalk extensions along the 400 and 500 blocks of Castro Street came down in early June to provide pedestrian access to the widened pathways. Crews also leveled the street and poured temporary pavement along the two blocks for vehicle access.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Matthew S. Bajko – See the Full Story at the Bay Area Reporter

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Is West Hollywood Boystown Gayborhood Business District Plan Over?

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West Hollywood Boystown Gayborhood

West Hollywood’s Economic Development Department is recommending the city abandon its efforts to organize a business improvement district on the south end of Santa Monica Boulevard. In a report to the City Council, the department noted that the effort to establish a BID is now in its seventh year, and that typically such projects are completed in one to two years…

The area that the Santa Monica BID would have covered is popularly known as “Boystown” for the large number of nightclubs, bars, restaurants and shops that cater to gay customers. The effort to get support for a BID has been complicated, according to some local merchants, because of the intense competition among local bar owners there.

Also, the city already spends hundreds of thousands of dollars to promote gay-oriented events in the area, reducing the need for businesses to spend their own money to promote themselves as do those on Sunset Boulevard and in the Design District. Those events include the annual Go Go Boy Appreciation Day, and the LA Pride Parade and Festival, which costs the city approximately $900,000 a year. The city spent $80,000 to paint the crosswalks at the intersection of Santa Monica and San Vicente boulevards in the rainbow colors that are an emblem of gay liberation.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

See the Full Story at Wehoville.com

Click here for gay realtors, mortgage lenders, and other real estate professionals in LA County.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Where Is the New Los Angeles Gayborhood?

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Los Angeles Gayborhoods

Los Angeles’ LGBT community has long gravitated toward the ‘gayborhoods’ of West Hollywood and Silver Lake, often due to concerns of safety and those cozy hamlets’ wide range of cultural and nightlife options. But times, they are a-changin’, and our city’s younger set of gay, lesbian, bisexual and transgender Angelenos prefer to pop the proverbial bubble. L.A. is a veritable playground for the adventurous, and options for living a thrill-filled, well-adjusted life can be found throughout the city limits.

It’s the little things that make a neighborhood a home–places like a great cafe or resto lounge, retailers that know your name, and opportunities to ‘get fit’ outside of a gym. Here are a few points of interest in five neighborhoods outside L.A.’s well-traversed gay bubbles, along with which segments of our city’s LGBT community they’re tailor-made for. These nooks are perfect for perusing on a warm weekend afternoon–or perhaps even setting up shop with the partner and kids.

Culver City

The Alley: This new speakeasy-type bar serves cocktails for movie buffs, like the Betty Boop, Audrey Hepburn (Aperol and champagne with cucumber) and the Cagney (with rye, brandied cherries and cabernet). 12223 W. Washington Blvd., behind Fin.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Stephan Horbelt and Vincent Boucher – See the Full Story at Frontiers L.A.

Click here for gay realtors, mortgage lenders, and other real estate professionals in Los Angeles.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Real Estate: We are NOT the Only Ones Saying You Should Buy

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Real Estate: We are NOT the Only Ones Saying You Should Buy

We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is readywilling and able to purchase a home, we believe that owning is much better than renting. And we believe that now is a great time to buy.

We are not the only ones that think owning has massive benefits or that now is a sensational time to plunge into owning your own home. Here are a few others:

BENEFITS OF OWNING

Joint Center for Housing Studies, Harvard University

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord…Having to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings.”

The Federal Reserve

“Renters have much lower median and mean net worth than homeowners in any survey year.”

BENEFITS OF BUYING NOW

Trulia

“Buying costs less than renting in all 100 large U.S. metros… Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally.”

Freddie Mac

“One thing seems certain: we are not likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012…Yes, rates are higher than they were a year ago – and certainly higher than two years ago. But if you look at the averages over the last four decades, today’s rates remain historically low.”

True real estate professionals have information like this at their fingertips. If you want to be seen as the go-to agent in your marketplace, watch a free replay of our recent webinar, Becoming the Industry Expert in Your Market.

Featured Gay Friendly Realtor: Tamara Zyhylij, San Diego, California

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Tamara Zyhylij, Lesbian San Diego Real Estate AgentPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Experience & integrity you can rely on! Serving first-time buyers and sellers, to experienced investors with million dollar properties. Aside from it’s obvious beauty and appeal, San Diego has a strong and supportive LGBT community

See Tamara’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in San Diego

Keeping it Local: Haven Gastropub

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photo

Keeping it Local: Haven Gastropub

In this week’s series of Keeping It Local, we feature the Haven Gastropub. This is a great place to enjoy high quality, freshly prepared food at reasonable prices, maintaining purveyors of local or organic produce, sustainable seafood, and humanely raised meat and poultry as often as possible.

About Haven Gastropub

Haven Gastropub strives to make available beers that are reserved or highly allocated for only the most serious beer-centric restaurants and pubs.  Annual releases, brewery collaborations, and just plain hard to find beers somehow find their way into the cold storage space at Haven Gastropub.

Haven Gastropub carries a vast selection of wines by the glass and by the bottle.  Boutique wineries are sought out, to give the guests a chance to indulge in something they may have never tried before. While you may recognize a few wineries by name, you will notice even more that you’ve probably never heard of.  The team at Haven Gastropub has painstakingly gone through many a wine tasting to find these gems…

On the cocktail side, Haven Gastropub has many unique offerings as well.  Recipes developed by Haven’s own grace the bartop throughout the evening.  Spirits not seen in your average bar, such as those created by Modern Spirits in Monrovia, CA are used to create delicious cocktails to help elevate your experience. View Haven Gastropub’s menu.

Hiramasa4

Location

190 South Glassell Street
Old Towne Orange, CA 92866

Contact Information

714.221.0680

Hours of operation

Mon – Friday  11:00am-2:00am

Open for Brunch Sat & Sun 9:00am
(Orange location only)

Don’t hesitate to contact us with any and all real estate questions. We can be found on the web at www.themoellerteam.com or on Facebook at www.facebook.com/moellerteam

Todd Moeller

Seven Gables Real Estate

Todd@themoellerteam.com

714-404-9540