125 Gray Avenue | Santa Barbara, CA 93101
2 BEDROOMS | 2 BATHS
OFFERED AT $1,799,000
Listing agent: David Kim
Listing Brokerage: Village Properties
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Sold 🔑 Modern Living Downtown Carpinteria
Another home sold to a satisfied buyer! We are happy to have represented the sellers in the sale of this modern 2 bedroom, 2 bath Berkus designed townhome only a short distance to the beach. Remodeled throughout featuring cathedral ceilings, large master suites on each level, spacious living/entertaining areas, pool and large 2-car garage.
Modern living in downtown Carpinteria only a short distance to the beach! Stunning Barry Berkus designed 2-story town home features soaring cathedral ceilings and a flexible floor plan with large master suites on each level. Spacious living/entertaining areas offer potential to create a third bedroom. Features fresh paint and new carpets throughout, crown molding, smooth ceilings, new stainless steel refrigerator, washer/dryer included, granite counters, claw foot tub, wainscoting, gas fireplace and a large finished attic. Enjoy private patios off both the master bedroom and the dining room. Heated pool. Oversized 2-car garage + excellent guest parking.
Just Sold 🏡 5343 Ogan Road, Carpinteria
We are so grateful to have represented both of the wonderful buyer's and seller's of this inviting, remodeled 3 bedroom, 2 bathroom home in a convenient Carpinteria location close to downtown.
• Light filled interior • New wood flooring throughout • Viking & Kitchen Aid Appliances • Milgard Windows • Granite counters • Remodeled Baths • 2 car garage • Fantastic entertaining patio
If you’re planning to sell your house this year, well, you’re in luck. “The 2016 housing market is forecasted to be mainly a seller’s market, filled with increasing home prices, relatively low inventory, and fierce competition between buyers,” says Jonathan Smoke, chief economist for realtor.com®.
But you could still make missteps on the way to the bank. Yes, your house will likely sell, but when? Remember, time is money.
“For sellers, it’s about understanding the ins and outs of their local market so they can optimize the price of their home and close quickly,” Smoke says.
Smoke and his team analyzed market trends to distill their best advice for homeowners looking to sell in 2016. Follow these tips to get the most out of your home sale.
Price your home to the market
“What Realtors® tell me over and over again, and from the analysis that I’ve seen historically, the most important thing is getting the price right,” Smoke says.
In 2016, prices are expected to increase nationally 3% year over year. Local price changes are anticipated to be more dramatic, with markets such as Stockton, CA, and Las Vegas, NV, expected to increase by 10%. But that doesn’t mean those stats are true of your town, or your neighborhood.
“Making the error of going for a price that’s well above the market price is a recipe for being let down and potentially not selling the home at all,” he adds. A home that sits on the market eventually will turn off buyers, who will suspect that something is wrong with it.
Sellers who work with a local Realtor to optimize the price of their home based on its unique features and surrounding neighborhood are often able to receive the highest price for their market and sell more quickly.
List during peak season
Unlike buyers, who want to minimize competition, sellers benefit from demand. Prime home-buying season begins in April and reaches its peak in June, according to realtor.com analysis of home sales. Sellers who list their home during the prime spring and summer months benefit from a larger population of buyers and potential bidding wars, which often result in higher prices and faster closings.
Offer incentives
This one seems counterintuitive, given what we’ve said about a seller’s market, but hear us out. Last year—the best for U.S. home sales in nearly a decade—37% of all sellers offered incentives to attract buyers.
“The nature of this market is that you’re going to have more first-time buyers, who are more dependent on financing,” Smoke says. Getting a loan is one thing; coming up with a chunk of cash for closing costs, on top of the down payment, is another.
“If you’re a seller and you’re able to offer some money toward closing costs, you’re actually making it easier on that buyer, and they might be more willing to give you the full asking price,” Smoke explains. You could end up with a faster sale and more profit.
Best place to sell a home: California
This isn’t really actionable advice since if you don’t already own a home there you won’t be selling one, but FYI: California markets are accelerating past the already strong national averages and showing extremely favorable conditions for sellers.
Robust job growth, increasing prices, and limited inventory have sellers ready for big gains in the greater metro areas of Stockton, Bakersfield, Fresno, and San Jose. Once you’ve sold, though, you may not be able to afford to buy again in the area—we’d suggest looking in the Midwest or South.
Check out the full realtor.com 2016 housing forecast.
Earl Lee, the veteran Prudential Real Estate executive who helped launch Warren Buffett’s new real estate franchise brand, Berkshire Hathaway Home Services, will step down as CEO of parent company HSF Affiliates Inc. on Jan. 1 and hand over the reins to Gino Blefari, the founder of Intero Real Estate Services.
Cupertino, Calif.-based Intero Real Estate Services was acquired last month by Buffett’s giant brokerage firm, HomeServices of America Inc., giving the company a foothold in Silicon Valley.
Lee, 69, served as an executive with Prudential Real Estate for 14 years before becoming the first CEO of HSF Affiliates, a joint venture between Berkshire Hathaway Inc. affiliate HomeServices and Brookfield Asset Management. Before joining Prudential Real Estate, he served as an executive for 20 years at Honolulu-based brokerage Prudential Locations LLC.
HSF Affiliates was established after HomeServices of America took a majority interest in the Prudential Real Estate and Real Living brands from Brookfield in October 2012. Nearly 500 brokerages representing 45,000 agents in 1,600 offices across the U.S. are affiliated with the company’s franchise brands, which include Berkshire Hathaway HomeServices.
Blefari, who founded the Silicon Valley-based Intero Real Estate in 2002 after serving for five years as an executive with real estate giant Realogy, will serve as a senior vice president of HSF Affiliates until he takes over as CEO on Jan. 1.
“Earl has been instrumental in developing and executing the initial business growth strategies of HSF,” said Ron Peltier, chairman and CEO of HomeServices, in a statement. “Gino is renowned for his vision, leadership skills and real estate experience, and will be a tremendous addition to the superb senior leadership team already in place at HSF.”
“Up until two days ago I did what (brokers in the HSF Affiliate network) are doing,” Blefari told Inman News. With his firsthand knowledge gleaned from his recent experience growing a profitable, large brokerage from the ground up, Blefari says he’ll be a good resource for brokers.
Blefari said a leadership role at HSF Affiliates is “the perfect next step for me.”
HomeServices of America said Intero Real Estate co-founder Tom Tognoli has been named president and CEO of the company, and John Thompson will become chief operating officer.
The last 18 months have been a whirlwind for Lee and HSF Affiliates, with Lee overseeing the launch of Buffett’s new real estate franchise brand, Berkshire Hathaway HomeServices.
Berkshire Hathaway HomeServices was created to take the place of the Prudential Real Estate brand, which is slated to disappear when the last franchise rights to the name expire in the 2020s.
Since welcoming its first brokerage on Sept. 23, BHHS’s network has grown to more than 70 firms.
Lee, a perennial member of Inman News’ 100 Most Influential Real Estate Leaders, will continue in a senior advisory role at HSF Affiliates through 2015.
Stephen Phillips, chief operating officer of HSF Affiliates and president of Berkshire Hathaway HomeServices, and Bob McAdams, president of Real Living Real Estate, will remain in their current roles.
By Paul Hagey, Inman.com
We’re so excited to have had the opportunity to work with Roh Habibi, our go-to referral agent for San Francisco and the new star of Bravo’s Million Dollar Listing: San Francisco! Habibi has quickly made his mark as an expert in high-end Bay Area real estate, becoming one of San Francisco's top Realtors. A dedicated professional and authority on all things luxury real-estate, Habibi is a guru when it comes to San Francisco real estate and a pleasure to work with!