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Aptos Times - August 2018

August 15 2018
August 15 2018

MARKET - Summer did not bring higher prices and quicker sales this year. The market has slowed down over the hill and here. I represented the buyers on 1480 Dougmar in Live Oak, (3 bed, 2 bath, 1374 SF); originally listed for $850,000, on the market for 43 days before Sellers accepted our offer of $800,000 (94% of list). I represented the Seller at 444 Pebble Beach in Aptos, (3 bed, 3 bath, 2835 SF with a 5-car garage) originally listed for $1,399,000 and sold for $1,150,000 (82% of list) after 46 days on market. That said, my current listing at 343 Beach Drive is expected to bring multiple offers at list price $2,300,000. And I’m ‘hopeful’ that my 809 N. Branciforte listing (2 bed, 2 bath + converted garage - $879,000) will sell quickly and that my upcoming listing at 2911 Leotar Circle (3 bed, 2.5 bath, 1448SF townhouse with pool - $749,000l) will sell quickly as well. Time will tell.

INTEREST RATES - Rates continue to climb. Bankrate.com quotes 4.57% national average (8/06/18). My parents paid 4.5% in 1955, and I paid 14.5% in 1981 – so interest rates under 5.0% are still something to grab. Say you buy an Aptos home for $1.0M and you put 20% down, so your loan is $800,000. At 4.5% the payment is $4053/mth. At 5.5% the payment jumps to $4542/mth, up $500/mth just for a 1% increase. If you are thinking about getting a loan, now is still the time.

INTERVIEW QUESTIONS - Some questions to ask when interviewing a realtor: 1) Is this your full-time job? 2) How many sales have you managed in my neighborhood and area? 3) What services do you provide? 4) Who else will be working with me? 5) What sets you apart from other agents? 6) What pitfalls of home selling/buying can you help me avoid? 7) Can I see reviews of your past deals?

CHARITABLE GIVING - I contribute 1% if all my earnings to local charities – recipients include: Big Brother/Big Sister, Girls, Inc., Hospice, Loads of Love, Leo’s Haven, and NAMI.

For anything Real Estate – call me, text me, email me and… Get Results With Ruth!


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