Mortgage Interest Rate History

For anyone who is concerned about the recent quarter point rise in mortgage interest rates, here is a look at the reality of where interest rates once were and they are now. As can be seen, we are below averages and, therefore, still plenty of time to secure a mortgage with great rates.

Interest Rate History

Selling Your Home – Consider Innovative Technology To Get You More

Real Estate technology is always changing and improving which is most cases is great for buyers and sellers. The latest innovative marketing method that our company, Realty One Group/BMC Associates , has available to real estates agents is HOMEBIDS.

HOMEBIDS is completely transparent to both the buyer and seller as it is an online bidding platform. The technology combines traditional real estate with online bidding. HOMEBIDS gives sellers a platform to sell their home in 8 days with multiple offers and reduced commission rates, in some instances paying only commission to the listing agent.

Imagine this as a seller, using HOMEBIDS …you list your home for sale on Monday. Your home is uploaded to the MLS system and syndicated to over 200 plus websites.   If you have ever sold a home,  you know about keeping everything in pristine condition as showings can occur every day at any time. With HOMEBIDS no showings until the open houses on the weekend.  Because of the limited showings and the list price, we have seen open houses with 100 or more people viewing. And sellers receiving multiple bids at fair market value. Bidding ends on the following Tuesday. You as the seller can watch the bidding and know how many offers and at what price.

No compromising on our services as we are a full service brokerage. Seller receives a full marketing plan from getting the home ready, professional photography service, brochures, on line marketing, negotiating with offers and managing all the paperwork once in escrow.

What better way for buyers to know what to offer on a property. Buyer in today’s market of low inventory are frustrated with not getting a home. Not knowing how much to offer.  Buyers you can now determine their max and make a decision on what to offer with confidence.

Considering selling your home – give me a call to learn more about the HOMEBIDS process and determine if it is the best way to market your home.

 

San Ramon Sales Activity for 2016

The final numbers are in for home sales in San Ramon.  On average home prices appreciated 4 percent. Here are the final results. The first chart shows sales for all of San Ramon. The next two charts are divided by zip code.

All San Ramon 2015 2016
# Units 754 714
Average Sales Price $1,040,344 $1,091,979
Median Sales Price $1,000,000 $1,025,000
Average Days on Market 19 22
Sales Price to List Price  1% over List .05% Over List
Zip 94582
# Units 414 413
Average Sales Price $1,111,263 $1,151,793
Median Sales Price $1,080,000 $1,138,839
Average Days on Market     18     24
Sales Price to List Price   1% over list   .05% over list
Zip 94583
# Units       339      299
Average Sales Price $950,318 $1,009,528
Median Sales Price $815,000 $905,000
Average Days on Market      18      20
Sales Price to List Price   1.5% over list   1% over list

San Ramon Home Sales Update – October 2016

San Ramon single family detached home sales activity for the month of October 2016

  • 63 units sold
  • Average Sales Price – $1,080,275
  • Median Sales Price – $1,050,000
  • Lowest Price – $597,000
  • Highest Price – $2,115,000

Breakdown of homes sold in 94582 and 94583

94582 94583
Units Sold    37        26
Average Sales Price $1,141,056 $993,780

Comparing October 2016 to 2015 San Ramon home sales are up 4%.

Hackers Are Trying to Nab Your Down Payment – Be Cautious

There is always a new scam to be wary of. This one involves possibly losing your down payment. Here is an article from National Association of Realtors explaining how these scammers can get their hands on your money.

Just before closing, an email from your real estate agent pops up, claiming a last-minute change to the money-wiring instructions. You wire the funds. But the money never makes it to the bank. Turns out that email wasn’t from your agent – but a hacker. You got spoofed.

Unfortunately these days, enterprising hackers are busy tricking homeowners into sending them their hard-won down payment.

How? They access email accounts by snagging passwords through public Wi-Fi and via email solicitations that appear to be from senders you know.

The bad guys comb through the email accounts, searching for any information about home sales and upcoming closings. Once they’ve found what they need, they send consumers an email posing as their real estate pro, attorney, or escrow officer. The email includes wiring instructions linked to a fraudulent account.

Here’s how to prevent a hacker from running away with your home before you even have a chance to buy it:

  1. Never, ever send personal info over email.
    Personal info includes a bank account number and a Social Security number. Your agent shouldn’t be sending this stuff by email either.
  2. Pick up the phone.
    If you ever receive wiring instructions by email, call your agent or lender to confirm one of them sent it. Call the phone number you have on record for your agent, not the one listed in the suspect email.
  3. Discuss the funds wiring process with your agent.
    Early on in your relationship with your agent, ask about what you should expect, when, and from whom.
  4. Change your passwords often.
    Create a reminder on your phone or computer to update passwords monthly. Make them strong, something even your friends and family members wouldn’t be able to guess right away – you know, something other than password1 or your dog’s name.
  5. Set up two-factor authentication.
    Two-factor verification, which requires both a password and a code that’s sent to your phone or other device in order to log in, is more challenging to hackers than a single layer login. Make sure you set it up on your email and bank accounts.
  6. Read up.
    Get even more email security best practices.

So as stated above – bottom line your financial information should never be discussed in an email. It is just too easy for prying eyes to access. I prepare my clients for events such as this and insist if they have any questions or concerns to call me immediately and not to rely on email.

 

 

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