How to Choose a Neighborhood for Your Home Search

June 2nd, 2020

How to Choose a Neighborhood for Your Home Search

Narrow your home search by identifying neighborhoods that are right for you. This helps keep your search focused and efficient. Your local REALTOR® can offer neighborhood information to guide you in your search.

When evaluating a neighborhood you should investigate local conditions. Depending on your own particular needs and tastes, some of the following factors may be more important considerations than others:

  • quality of schools
  • property values
  • traffic
  • crime rate
  • future construction
  • proximity to schools, employment, hospitals, shops, public transportation, prisons, freeways, airports, beaches, parks, stadiums and cultural centers such as museums and theaters

Neighborhood Search Strategies for Limited Budgets

If you are a first time-buyer with limited financial resources, it’s wise to buy a home that meets your primary needs in the best neighborhood that fits within your price range. You can maximize your home purchase location by incorporating some of the following strategies into your neighborhood search:

  • Upcoming neighborhoods: Look for communities that are likely to become “hot neighborhoods” in the coming years. They can often be discovered on the periphery of the most continuously desirable areas.
    Check for planned future development such as additional transit; new community services such as pools and theaters; and chain stores planning to move in.
    Look for a home in a good neighborhood that is a bit farther out of the city. If commuting is a concern, purchase a home that is close to public transportation.
  • Neighborhood demand: Look at the neighborhood demand by asking your real estate agent whether multiple offers are being made, whether the gap between the list price and sale price is decreasing and whether there is active community involvement. You can also drive around neighborhoods and see how many “sale pending” and “sold” signs there are in a particular area.
  • Co-ownership: Look into purchasing a condominium or co-op, rather than a house, in a desirable neighborhood. This way you still may be able to purchase in a prime area that you otherwise could not afford.

Buyers Improve Your Credit ASAP

June 2nd, 2020

Buyers Improve Your Credit ASAP

Are you in the market to BUY a home?

Do you have Credit Problems?
Have you been turned down for financing elsewhere?
Are you lacking down payment?
Have you filed bankruptcy?

Do you have a court judgment against you?
Are you self-employed?

Do you have too much debt?

All of these items are damaging to your credit and will make financing either impossible or extremely difficult.  We understand that life circumstances are sometimes unmanageable and high finance costs are just not the way we want to move forward.  Our Partners at American Dream Financial Services are standing by to help you repair your credit and move forward towards purchasing a home either for the first time or as you re-enter home ownership.

Millions of honest, hardworking Americans lack the near perfect credit that banks and mortgage companies require to buy a home in today’s market!  Late payments, repossessions, divorce, medical bills, unstable work history, lack of a huge cash down payment, too much debt, judgments and bankruptcy can all spell rejection when you try to buy a home.

Our primary aim is to make the process of owning a home SIMPLE.  If you would like to know about our new properties as soon as they become available, and before they are advertised to the general public, we would be happy to add you to our e-mail notification list.

You tell us what kind of home you are looking for, and we will instantly e-mail you as soon as a home matching your criteria becomes available.

Why Use a REALTOR® When Buying a Home?

June 2nd, 2020

Why Use a REALTOR® When Buying a Home?

A real estate agent can help you understand everything you need to know about the home buying process.

Not all real estate licensees are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR ” Â®” trademark on their business cards and other marketing and sales literature.

REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reported that 84% of home buyers would use the same REALTOR® again.

Real estate transactions involve one of the biggest financial investments of most peoples lifetime. Transactions today usually exceed $250,000. If you had a $250,000 income tax problem, would you attempt to deal with it without the help of a certified professional accountant? If you had a $250,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be wise to work with a professional REALTOR® when you are buying a home.

If you’re still not convinced of the value of a REALTOR®, here are more reasons to use one:

  1. Your REALTOR® can help you determine your buying power – that is, your financial reserves plus your borrowing capacity. If you give a REALTOR® some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders – banks and mortgage companies – offer limited choices.
  2. Your REALTOR® has many resources to assist you in your home search. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.
  3. Your REALTOR® can assist you in the selection process by providing objective information about each property. Agents who are REALTORS® have access to a variety of informational resources. REALTORS® can provide local community information on utilities, zoning, schools, etc. There are two things you’ll want to know: First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?
  4. Your REALTOR® can help you with negotiations and inspections. There are many negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or appliances. The purchase agreement should allow time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.
  5. Your REALTOR® provides due diligence during the property evaluation. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your REALTOR® can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports.
    You will also want to see a preliminary report on the property title. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations; for example, easements (access rights) for utilities. Your REALTOR®, title search company or attorney can help you resolve issues that might cause problems at a later date.
  6. Your REALTOR® can help you understand different financing options and identify qualified lenders.
  7. Your REALTOR® can guide you through the closing process and make sure everything flows together smoothly.

14 Awesome Suggestions to Save Money and Time While Moving

June 2nd, 2020

Here are my 14 suggestions to save money and time while moving!

Plan your move from the beginning and remove 50% of the stress you might feel if you don’t plan. Time, Cost of Business, Expenses, Labor, Material costs, Profit. These are all considerations from the moving company when at the end, Profit is their target. As a local, regional or national business they survive by making a profit on their services. Your goal is to Save the very money they are going after. Am I Right? Of course I’m right. My intention for you is to save your money and time so here we go!

There’s a cost of fuel and a shortage of drivers. The cost of a full-service move has risen in the past few years to astronomical levels in some areas. Anything you can do yourself – even if seemingly small – will cut your bill and give extra money to spend on other areas of your relocation costs.

1. Sort / Pack / Donate / Trash: Do this way ahead of time, then do it again and again!  The first pass usually is easy but we end up keeping way too much! My #1 Suggestion is to go through this process 4-5 rounds beginning 4-5 months before your move. Trust me you have more than you think and it will take several rounds to determine what should go with you into your future!

2. For Every Season: You will save money if you can be flexible on your move time. Avoid the Summer months of June, July, and August. Those are the most expensive months to move because of demand for moving companies. Plan your move during the middle of the month, rates are higher at the beginning and the end of the month because of the large number of apartment leases with month-end dates. If you can be flexible with your move-in times can save you money. Large moves can be combined with other movers and save you money!

3. What Do You Really Want in Your Future? That old stuff may have sentimental value but would a picture suffice? Because most long-distance moves are based on the “Weight and/or Cubic Feet of your shipment”, evaluate your needs then decide if you wan to move heavy stuff. Do they fit you new home, lifestyle or are they just memorial pieces. Check areas of your home for items that have not been used for a long time and simply get rid of them (Take a picture of them for memorial sake) – if you don’t use them, why pay for them to be moved to new place (where you won’t use them)?

4. Know What You Own: Inspect your home from top to bottom before you get your moving quote and decide what’s going and what’s not. Mark them appropriately on your moving sheet. If you change the number of items you move, the cost of your move will change. Inform the mover of any changes and get a new quote! Time is NOT YOUR FRIEND so do this work before they come out for the quote. NEVER RELY ON PHONE QUOTES, ITS A SCAM!!! (Record your call if possible).

5. Pack It Yourself: Packing services performed by the mover are pricey (a good rule of thumb to estimate is 25-30% of your moving budget). If you don’t want to pack it all, you should always, in my opinion, do a partial pack, and have the movers handle the rest. Items that are nonbreakable such as linens and bedding can be packed easily without the risk of damage. I like to think of it this way: Every box you pack yourself is money in your pocket, not theirs! Trust me, they plan on getting every dollar even up to not delivering you items on last minute adjusted costs!

Be aware that if you buy insurance for your move, the insurance won’t cover items you pack yourself, unless there’s visible damage to the box. The insurance companies don’t want to pay damages for items packed by inexperienced packers, i.e., you!

6. Save on Packing: Luggage and duffel bags are perfect for packing sheets, towels and clothing. Also, the bottoms of wardrobe boxes are great for bulky, lightweight items. Use that space. Be wary of packing tips that might save you money initially but won’t protect your stuff – for example, using newspaper instead of bubble wrap. Sure, it might save a few bucks, but in the end, is breaking what you’re packing something worth it saving? If so, bubble wrap, if not… you make the call.

7. Stock Up: Make sure you have plenty of boxes and materials so you don’t have to keep making trips to buy more. It’s better to return what you don’t use vs making several trips back and forth. You’ll probably need more than you anticipate, so buy extra. If you’re buying from a moving company, you might be able to return the boxes you don’t use. Check before hand. Also check online Bulk Box Delivery to you door services and Amazon for boxes. Heavy items like books go in small boxes and bulky items go in large boxes.

8. Is It Disconnected? Movers do not generally disconnect or reconnect electronics or appliances. Time is money and it can be costly to have a third-party do it, so if you or someone you know can do it, you can save a lot of money. Because time is also a consideration the quotes you get assume a block of time to pack and or move you. When they can move slower and cost you more time the final bill will be much more expensive than your quote! This is also a trick of the industry.

9. Break It Down: Every service a professional mover performs comes with an additional cost and they are not always disclosed. Items located at a storage or alternate location should be moved to your home to avoid extra pick-up charges. Amy items that need to be disassembled, like beds, tables, can be done by the mover quickly, however, other items such as exercise equipment, outdoor gym and play sets require extra time, extra labor, and will come with extra costs. Whenever possible, disassemble and reassemble these yourself.

10. Time is Money: A great idea is to Color-match your rooms and the boxes. This will allo each item to make it to the room it belongs in saving time and effort for both you and your mover. Remember, time is money!

11. I Am the Tax Man: If it’s for business reasons, your move may be tax-deductible. Keep all receipts and ask a professional ahead of time. Better to be prepared!

12. Are You Insured? Your existing homeowners or renters insurance policy might cover your move so you don’t have to buy additional moving protection. Ask your agent/insurance company.

13. Doing Without: Between the time your stuff is loaded into the truck and you get to your new location, think of everything you might need so you don’t have to buy it while traveling to your new home. It’s best to pack like you are going on a 5-7 day vacation and set these items in suit-cases early. Place them in the car or a special room before the movers come. They can get packed and end up in the wrong place if you’re not careful.

14. Just Ask: If you have a tight budget, talk to your moving company when you get your moving quote. Many can find ways to work with you and there may be other things that you can do yourself to help reduce the total cost. Most moving companies want your business and will strike an appropriate balance between services provided and costs to meet your budget.

6 Things to Consider Before Attempting to Sell Your Home Yourself

May 22nd, 2020

6 Things to Consider BEFORE Attempting to Sell Your Home Yourself!

Congratulations on your decision to explore selling you home on your own. My intention for you is to help you make the best decision for you and your family. I believe every home owner should educate themselves on their options. I’ve been working with and consulting “Unrepresented Sellers” since 2005. I’ve seen a lot and I want to help you NET the most amount of money possible. Education is the highest and best use of your time.

We’ve all heard the phrase “Time IS Money” well, I’d like to add, experience is Money Saved and errors avoided. You don’t want to learn after you’ve lost $20-$30k that there was a better way or that something could have been avoided or that money was left on the table. I know from speaking with and tracking 100’s of FSBO’s over 16 years in my markets and comparing realtor sales and my own experience that doing this wrong can and will most likely cost an unprepared homeowner upwards of $20,000. I may be a bit biased because I’m writing this post/article but, this is also a great step in your process!

There are many benefits to working with a real estate professional when selling your house. During challenging times like the one we face today (COVID-19 Pandemic 2020), it becomes even more important to have an expert help guide you by managing and directing you through the process. If you’re considering selling on your own, known in the industry as a For Sale By Owner or FSBO (Fiz-Bow), please consider the following:

1. Your Health and Safety Is Your #1 Priority

During this pandemic, your family’s health & safety comes first. When you FSBO, it is incredibly difficult to control entry into your home. A real estate professional will have studied all the proper protocols, adapted and put in place within their business communication, marketing, tools, and systems to protect not only you and your belongings, but your family’s health and well-being too. From regulating the number of people in your home at one time to ensuring proper sanitation during and after a showing. My team facilitates virtual tours and video walk-throughs for buyers. Agents are equipped to follow the latest and ever changing industry standards recommended by the National Association of Realtors (NAR) to help protect you and your family.

2. A Powerful Online Strategy Is a Must to Attract a Buyer

Recent studies have shown that, even before COVID-19, 44% of all buyers first step was to search for their home online. Throughout the process, that number jumps to 93%. Today, those numbers have grown exponentially. The most cutting edge real estate agents have developed a strong professional Internet and Social Media strategy to promote the sale of your house and to attract buyers daily even before listing a property. We lead generate and prospect daily so we are not starting from a dead stop when we list your home. Have you created and implemented a social media presence to attract buyers?

3. There Are Too Many Negotiations

Here are just a few of the people you’ll need to negotiate with if you decide to FSBO:

Yourself, setting the right price, setting expectations, choosing to stay current with real estate and financial market conditions
The Buyer, who wants the best deal possible
The Buyers’ Agent, who solely represents the best interest of the buyer
The Buyers’Inspector companies, which work for the buyer and will almost always find challenges with the house
The Appraiser, if there is a question of value
As part of our training, agents are taught how to negotiate every aspect of the real estate transaction and how to mediate the emotions felt by buyers looking to make what is probably the single largest purchase of their lives.

4. You Won’t Know if Your Purchaser Is Qualified for a Mortgage

Having a buyer who wants to purchase your house is the first step. Making sure they can afford to buy it is just as important. Knowing where they are in the process and if they have the means to overcome any Underwriting requirements is priceless. As a FSBO, it’s nearly impossible to be financially involved or knowledgeable with the mortgage process or status of your buyer. A real estate professional is trained to ask the appropriate questions and, in most cases, will be intimately aware of the progress that’s being made toward a purchaser’s mortgage commitment level.
Q: How many levels of mortgage commitment are their?
A: 4 or 5 depending on the mortgage company and / or the type of financing the buyer has applied and is qualified for.

Further complicating the situation is how the current mortgage market is rapidly evolving because of the number of families out of work and in mortgage forbearance. A loan program that was there yesterday could be gone tomorrow. You need someone who is working with lenders every day to guarantee your buyer makes it to the closing table.
Q: What percentage of properties that go under contract never make it to closing?
A: The National Average can’t give an accurate picture so it varies and here is why:
a. Does the Purchaser have a contingent offer (need to sell their home before buying yours) this number is on the rise from 1.4% to 4.3% in just the past few years.
b. Home Inspections Reveal Major Problems
c. Cost of Repairs
d. Financing Falls Through
e. Appraisals Com in Low
f. Clouded Title or Title Searches Reveal Significant Issues

5. FSBOing Has Become More Difficult from a Legal Standpoint

The documentation involved in the selling process has increased dramatically as more and more disclosures and regulations have become mandatory. In an increasingly litigious society, the agent acts as a third-party to help the seller, and buyer, avoid legal jeopardy. This is one of the major reasons why the percentage of people FSBOing has dropped from 19% to 8% over the last 20ish years.

6. You Net More Money When Using an Agent

Many homeowners believe they’ll save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

A study by Collateral Analytics revealed that FSBO’s don’t actually save anything by forgoing the help of an agent. In many cases, the seller may even net less money from the sale. The study found the difference in price between a FSBO and an agent-listed home was an average of 6%. One of the main reasons for the price difference is effective exposure:

“Properties listed with a brokerage that is a member of the local MLS will be listed online with all other participating broker websites and consumer services, marketing the home to a much much larger buyer population. Those MLS properties generally offer fair compensation to agents who represent buyers, which gives them incentive to show and sell the property and also potentially expand the buyer pool even more.”

The more buyers that view a home, the greater the chance a bidding war will take place. The more agents who have access to the home, the more buyers it is exposed to.

Bottom Line:

Listing on your own leaves you to manage the entire transaction yourself. There are 38 areas that cause real estate transactions to fail. Why take the risk when you can hire an agent and still net the same amount of money? Before you decide to take on the challenge of selling your house alone, speak with a real estate professional to discuss your options.

For Sale By Owner (FSBO) Statistics – National Averages

  • FSBOs accounted for 11% of home sales in 2018 and for 9.1% of home sales in 2019.
  • The typical FSBO home sold for $200,000 compared to $280,000 for agent-assisted home sales.

FSBO methods used to market their homes:

  • None: Did not actively market home: 36%
  • Yard sign: 31%
  • Open house: 24%
  • Friends, relatives, or neighbors: 21%
  • Up Front Flat Rate Agent – Multiple Listing Service (MLS) website: 20%
  • Online classified advertisements: 13%
  • Social networking websites (e.g. Facebook, Twitter, etc.): 11%
  • For-sale-by-owner websites: 5%
  • Direct mail (flyers, postcards, etc.): 4%
  • Video: 1%
  • Print newspaper advertisement: less than 1%

Most difficult tasks for FSBO sellers:

  • Getting the right price: 19%
  • Preparing/fixing up home for sale: 13%
  • Selling within the planned length of time: 7%
  • Having enough time to devote to all aspects of the sale: 5%
  • Understanding and performing paperwork: 3%

Source: 2019 National Association of REALTORS® Profile of Home Buyers and Sellers

Advice on Bringing in a Contractor or Vendor into your Home

May 21st, 2020

While everyone, err, most everyone, is home trying to stay healthy, there are a lot of people who have taken to trying to do things around the house on their own. This has helped homeowners keep busy when they have little else to do. Unfortunately, there are some jobs that are well, keeping it nice, just a little too big for the average Do It Yourself-er; for these jobs, you’ll need to bring someone in to tackle the issue/s. For many, this can be anxiety-inducing! If you’re still trying to practice proper social distancing and avoid contact with others how does one accomplish their needs vs their wants regarding these projects.

Fortunately, there are ways to reduce your risks when bringing someone into your home. Not only will these steps keep you safe, but they will also protect the worker who has to come in to do the job.

Schedule and Screen

When scheduling a service call, don’t be afraid to ask whether anyone at the company has been sick recently. While it won’t guarantee that the service person isn’t ill, knowing whether there have been sick employees in recent weeks can give you at least an idea of how well the company is managing social distancing and keeping its employees safe. There’s a good chance that you’ll have to answer similar questions, so the company shouldn’t have any problems with the questions that you ask. You are both qualifying for safety and if they are NOT ASKING YOU THE SAME QUESTIONS, BE LEARY! Ask if they have a Covid-Protocol for their customers and for the company onsite.

Open Everything and Move things out of the way!

Before the service call arrives, open any doors, cabinets or other barriers between the worker and what they’ll be working on. If there’s a wall panel or other basic covering that needs to be removed, go ahead and take that off too, provided that you can do so safely. The goal is to eliminate as many possible points of contact that the service person would otherwise have to touch or open. Once they arrive, explain what you’ve done and ask them to let you close everything back up. This will let them come in, do the job and leave without touching every door, panel or similar objects in your house.

Keep Your Distance

Social distancing is very important when someone new is coming into the home. Maintain a distance of at least 6-10 feet between yourself and the worker, and try to avoid being in the same room once they’ve started their work. Greet them and see if they have any questions once they arrive, then find ways to busy yourself elsewhere. You can check in periodically to make sure that they don’t need anything, but be sure to do so from a distance. It may be helpful to wear a mask while they’re in the home as well, which they should be doing already. If they approach the house without a mask, refuse entry until they put one on!

No-Contact Payment

If possible, opt for a no-contact payment option or request that an invoice be mailed to you. If you’re able to pay online, this is likely your best option; you can make a payment from your computer or smart device without having to hand anyone your credit or debit card. If online payments aren’t an option, you may be able to pay over the phone or through some other no-contact method. Ask about payment options when scheduling your appointment!

If you aren’t able to use a card for your payment, there are still no-contact options available. If you’re paying with cash, put the money in an envelope and place it somewhere that the person making the service call can easily pick it up. The ideal way to do this is to have part of the envelope hanging over the edge of a table or other piece of furniture so that they can pick it up without actually touching your furniture. This is also a situation where writing a check can come in handy, as you can simply fill it out and leave it to be collected without having to bother with an envelope. Your choice, but personally, I like the envelope option best.

Clean Before and After

Before the service worker arrives, take the time to wipe down the area they’ll be working in with sanitizing wipes, clorox spray, Lysol Spray or whatever you use to disinfect and clean. This will present a clean, safe environment for them to work in that they will surely appreciate. Once the work is finished and they’re gone, go over everything again and clean up to remove any germs that may have traveled in with them.

Stay Calm

While this is a stressful time, it’s important to reassure yourself that it’s possible to have a service call while also staying safe. Keeping your distance and reducing possible points of contact will go a long way toward keeping yourself and your family healthy. You wouldn’t be calling in someone if it weren’t necessary right now, so treat the situation with the respect that it deserves, and you should be fine.

Your Realtor & Market Economist,

Jerel Washington,
Owner and Founder of
The Fine Homes & Estates Team – CA, NJ & NV
at Keller Williams Realty

What You Need to Know About Real Estate & Covid in Our Market!

May 21st, 2020

Dear friends, family, & clients,

Here is what you need to know about real estate & Covid in our market!  What a beginning to the 2nd Quarter of 2020 wouldn’t you say? Personally, I hope you and your loved ones are staying safe, taking this time to learn something new and staying if not improving your health. COVID-19 continues to dominate every aspect of our lives in one way or another, here in the U.S. and across the globe. Even though it can be difficult to stay up to date with all of the fast moving changes, it’s my goal to keep you informed. I wade through the Main Stream, Alternative, Government & Private research to gain insights to what we should know and what is being told to us. This is just my personal perspective and a few resources to help you wade through this Pandemic with me.

#BuyWithJerel

Here are a few updates about how the Corona-virus is impacting our economy and specifically the housing market:

A GAME OF FOLLOW “A” LEADER!

Zillow recently announced that it plans to restart its home buying business in four U.S. cities (Phoenix – AZ, Tucson – AZ, Raleigh – NC, and Charlotte – NC). In my opinion this demonstrates their renewed confidence in the stability of the housing market in these areas and the US overall. This is the time to prepare yourselves to invest in areas where the values have been suppressed. Zillow operates in about 24 markets and in March of 2020, its massive home buying operation was put on pause.

THE TRUTH IS IN THE DATA!

Forbes highlights five market indicators to watch closely as the housing market begins to recover from COVID-19: Economic Shock: New Property Listings, Buyer Demand (gathered by how many buyers fill out purchase applications), Time on the Market, Home Prices (and their direction), and Unemployment/Joblessness rates.

Control Fear with Information – TRACK RISES AND FALLS TO FIND PATTERNS IN YOUR AREA

As of May 16, New Jersey, Missouri, and Idaho top the list of states with the fastest falling rates of new Corona-virus cases. South Dakota, Arkansas, and Maine have seen the fastest growth in new cases. The majority of states, however, appear to be experiencing some degree of decline in new cases. This comes as Moderna Therapeutics’ a government-backed vaccine company, shows enough promise to move into Phase II trials. (Beware of the timing.)

EVERYONE HAS TO LIVE SOMEWHERE REGARDLESS OF THE MARKET CONDITIONS

• Now, as best as we can, we in the real estate industry will continue to operate during these challenging times. Agents all over the country are taking State recommended Covid-19 precautions to keep themselves and their clients safe as they navigate transactions, interacting with clients (remotely when possible), limiting the number of people who come to a home’s showings a one time, and/or leveraging virtual home tours to replace in-person contact as often as possible.

There are some promising signs around each of the markets the Fine Homes & Estates Team operates in; Princeton, NJ, Inglewood, CA & Las Vegas NV. For example, just as local restaurants, businesses, and public spaces are re-opening, the local housing market is seeing a flurry of activity. The most recent data has shows that while the supply of active homes on the market is 3.5% lower in Princeton, NJ, 5% lower in Inglewood, CA and 2.8% lower in Las Vegas, NV than they were at this time last year, the number of homes sold this year has increased in every market by and average of 6.3%. That means that demand is high for a limited supply of inventory and in many cases driving the prices up with multiple competitive offers. In the past week alone, 2192 new listings hit the market, 1636 Buyers and Sellers agreed to the terms of their transactions, and 1711 Buyers and Sellers signed their final piece of paperwork, closing on their transactions in our markets. These local markets are strong and steady, and right now is a great time to Buy OR Sell a home.

If you have questions or I can help in any way, please reach out to me. I would love to help you.

Your Realtor & Market Economist,

Jerel Washington,
Owner and Founder of
The Fine Homes & Estates Team – CA, NJ & NV
at Keller Williams Realty



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