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Aptos Times - April 2018

April 15 2018
April 15 2018

UPDATE – Q1 Aptos Home Sales = 55 homes, 6 condos, 9 townhomes. Avg. Home Sales Price-$961,791, Median Sales Price-$885,000. Highest Sale-$5.5 Million-1106 Via Malibu 3537 SF. on the bluff. Lowest Sale-$451,500-757 Cathedral, 2B/1.5BA/936SF/REO. Condo High-$1,278,880-260 Rio Del Mar #24. Condo Low-$629,000 for 2603 Willowbrook #24, 3B/2BA/1448SF.  Townhome High-$899,500 for 3114 Corte Cabrillo, 5-year old 3B/2.5BA/1926SF. Low-TIC (tenant-in-common) property at 6024 Soquel, 2B/2BA/1100SF sold for $400,000. Current Bankrate.com loan quotes = 4.27% for a 30-year fixed and 4.53% for the jumbo loan option.

SELLERS – Active Rain asked 1000 Real Estate agents to rate the top 3 mistakes made by home sellers.

“Overpriced Home” was #1, “Showing Availability” was #2, “Cluttered Space” was #3, followed by “Unwilling to Negotiate”, “Unpleasant Odors”, and “Won’t Make Repairs”.  Sellers should work with their agent up front to remove as many obstacles to selling as they can. Even in a “Seller’s Market”, if you don’t make your home easily available to show, today’s buyers have little patience and will quickly move on.

BUYERS –You have just entered into contract on your dream home. Now what? Here are 10 steps you take with your agent to move to a successful close. 1) Review all reports, inspections, disclosures (these days this could all be done before submitting offer). 2) Initial Deposit to escrow (within 3 days). 3) Order Inspections – many buyers will still want to do their own Home Inspection, even if one was provided. 4) Review your lock rate on your loan with your lender. 5) Order Home Insurance. 6) Request for Repairs (RFR) and Contingency Removal (CR) – typical contract is 17 days for Physical CR, 17 days for Appraisal CR, and 21 days for Loan CR. If you are requesting repairs or credit for repairs, you do this before CR. 7) Final walk-through is done 5 days before close – to ensure nothing has changed per contract. 8) Signoff – when your loan docs have gone to escrow. 9) Loan funds. 10) Close of Escrow (COE) is usually the day after the loan funds! Congrats! You did it!

TOP 10 THINGS TO DO WHEN BUYING OR SELLING A HOME - #1- Call Me! (I’ll handle the rest!)


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