#mack-faulknerrealestate – Artisan Sotheby's International Realty

Prepare for the Spring Real Estate Market 2023

As the flowers start to bloom, the real estate market is getting ready for one of the most active real estate seasons: spring. The spring real estate market can be very competitive, with more buyers and sellers entering the market. If you plan to buy or sell a home this season, it is important to be prepared.

Start preparing for the Spring Real Estate Market

Here are some tips to put you in the best position this season. Whether you are buying or selling a home, the spring market can be a great opportunity to achieve your real estate goals.

Start planning early: The earlier you start planning, the better prepared you will be. If you are planning to sell your home, start decluttering and cleaning out your home. If you are planning to buy a home, start researching neighborhoods and determining your budget.
Find a reputable real estate agent: A good real estate agent can help you navigate the competitive spring market. Look for agents like Randy and Heidi who are experienced, have a good track record of success in the local market, and know the local sales trends. Read more on About Us to get to know us.
Get pre-approved for a mortgage: If you plan to buy a home, get pre-approved for a mortgage before you start house hunting. This will give you an advantage in a competitive market and show sellers that you are a serious buyer.
Price your home correctly: If you are planning to sell your home, make sure you price it correctly. A real estate agent can help you determine the appropriate price based on comparable homes in your area and current market conditions.
Make necessary repairs and improvements: If your home needs repairs or improvements, make them before listing your home. This can help your home sell faster and for a higher price.
Stage your home: Staging your home can help it sell faster and for a higher price. Hire a professional or use online resources to stage your home and make it more appealing to buyers. Check out Home Staging Success for staging tips and tricks.

Homebuying Forecast

Michael Hyman, NAR Research Data Specialist, Housing Affordability Conditions Improved in January 2023 for the Third Consecutive Month, at the national level, housing affordability rose in January compared to the previous month, according to NAR’s Housing Affordability Index. Compared to the prior month, the monthly mortgage payment decreased by 3.3% while the median price of single-family homes declined by 2.4%, making home buying more affordable in January. The monthly mortgage payment decreased by $62 from last month.

Sonoma County Housing Market

Redfin: In February 2023, Sonoma County home prices were down 4.9% compared to last year, selling for a median price of $745K. On average, homes in Sonoma County sell after 48 days on the market compared to 29 days last year. There were 226 homes sold in February this year, down from 332 last year.

Work with experienced real estate agents

The real estate market is busy during the spring season as many houses are put up for sale. Unique homes require skillful marketing, and we can help you make your home stand out and be marketed effectively. If you are planning to enter the real estate market this season, give us a call!

Sonoma Holiday

We are approaching the holiday season this year filled with joy and gratitude. Since the pandemic, many of us didn’t get to celebrate the holidays in close contact with our friends and families.

Fortunately, we can now celebrate the holidays similarly to pre-pandemic times for the first time in years, as most restrictions have been lifted.

The American can-do spirit has stood tall against the challenges we have endured these past few years. Every year, Sonoma County demonstrates this by gathering as a unified community.

Additionally, Sonoma County has a way of bringing everyone together and making them feel welcome.

Moreover, the holiday season is always hectic. To help with your planning for what to do this time of year and to experience the best that Northern California has to offer, we have prepared a list of some of the most exciting and fun-filled events and activities in our area.

Sonoma Holiday Events and Activities:

Winter Art Market– Over 50 artists will participate, including everything from classes to ceramics, clothing to cartoons. Enjoy a festive shopping experience, music, wine, and fun.

Merry Healdsburg Weekend – Celebrate the holidays on the Plaza with the second annual Merry Healdsburg Tree Lighting. Enjoy a winter wonderland downtown with carriage rides, live holiday music, and more.

The Festival of Christmas – A free festival filled with live music performed by the Casa Grande Concert Choir, Kenilworth Junior High Jazz Band, and Christmas carolers.

Winter Lights Rink – Skating on the Square – Winter Lights is Santa Rosa’s destination for season-long holiday fun with Skating on the Square, the annual tree lighting celebration, live performances, and holiday shopping and dining opportunities.

However, these are only a few of the many things to do in Sonoma County this holiday season. There are more activities and events to attend within your specific range of interest. You may find all of the event dates and information here.

Finally, the last few years have been hard on everyone. While the pandemic represented a communal challenge, the resilience of the Sonoma County community provided inspiration that kept everyone moving forward. We feel grateful to be a part of this community. We hope that you can be a part of it too. Amidst the holidays, we are still here and always willing to support you in any way we can; give us a call!

We conclude with this final quote from Agnes M. Pharo and wish you all happy holidays!

Selling Your Home During Winter Season

As most of us believe, selling a home in Sonoma County during the winter months can be challenging. After all, it is widely known that spring and summer tend to be the most active real estate seasons. The fall and winter seasons are when the number of sellers drops off, resulting in fewer total sales. Is that enough of a reason not to list your home right now?

There are some advantages to selling a home during the winter season that is often overlooked. Sellers can benefit from the fact that there are fewer listings on the market at this time of year, meaning buyers have a limited supply and less competition. Furthermore, with the upcoming holidays, both sellers and buyers will have more leave from work, resulting in more opportunities for showings and open houses.

Additionally, sellers get motivated buyers. Those who start looking for a house at this time of year are more likely to be determined to find one. With this in mind, here are a few strategies to help you sell your home during the winter.

Check the price: Ask your agent to perform a comparative market analysis and look through the current listings and the recently sold properties; it is beneficial to compare your prices. Your real estate agent can assist you in determining the appropriate price for your home.

Improve your online listing: Many home buyers have opted to look for a home online before visiting. It is essential to showcase your home with professional pictures that are well-lit, clean, and staged. This will help you emphasize your home’s best features. Keep in mind that your online listing should contain all of the information they require about the house, the neighborhood, and the market.

Hire the right agent: Make sure you have a knowledgeable real estate agent like Randy and Heidi on your side. Because real estate is a local business, it is important to speak with an experienced real estate agent in your area who is familiar with local sales trends.

As lifelong Sonoma County residents, we are pleased to provide you with neighborhood-specific sales data so you can make an informed decision about when to list your home. Our focus is to listen and understand the goals you want to accomplish, offer our professional guidance by discussing alternatives, and establish a plan of action to achieve your personal real estate goals.

If you plan on listing your home during this winter season in Sonoma County, or would still want to wait for the spring and summer season, no matter how you decide, when you are ready to sell. Give us a call!

Renting vs. Buying a Home: Which is Better?

Which is better? Should you rent or buy a home? Because it requires less capital, renting is frequently perceived as less expensive than purchasing a home. Buying a home, on the other hand, is an investment that increases your equity. Aside from these obvious factors, there are others to consider. To assist you in deciding whether to rent or buy, we have listed the pros and cons of each option in this article.

Deciding between renting or buying a home depends on your lifestyle and financial situation. Do you intend to temporarily live in the area, maintain flexibility and mobility, or save money for a down payment? Renting might be the ideal decision for you. At least for the time being.

Alternatively, if you want to build investment equity over time while also having the stability and freedom to change your living space, now is the best time to buy a home.

Furthermore, in most cases, purchasing a home may save you money. Because the interest on your home mortgage is tax deductible, you will save money on taxes. If you rent, your landlord gets the break. Also, the sooner you buy a home, the sooner you can begin building equity in an investment that you can use for retirement or other investment plans. Why pay the landlord’s mortgage when you can pay your own?

Finally, you would want to evaluate the real estate market. Heidi and I are very knowledgeable about current real estate trends and offer our clients exceptional expertise in assessing and securing an upcoming purchase in the current market. If you have a dream home that you can’t wait to build or are still not sure whether renting or buying is the best option for you, contact us and let us help you with our professional advice.

Kitchen Trends

Since the outbreak of the pandemic, homeowners have been eager to spruce up their living spaces. According to the 2022 U.S. Houzz and Home Study, the kitchen is the most popular space that many homeowners choose to renovate. Trends in kitchen design continue to evolve, with upgraded technology in fixtures and appliances, creating more storage, and using earth-tone accents. Making each space multifunctional to maximize what the house is capable of offering.

Butcher Block Countertops

Butcher block countertops are inexpensive, warm, inviting, and add character to your kitchen. Wood’s functionality and beauty add a rustic, authentic feel to a kitchen.

Green Shades

The green shade is a very soothing color that has a subtle tone but a strong appeal. That will give your kitchen a relaxing look.

Double Islands

A double kitchen island typically serves two distinct functions. They are typically parallel, but they can also be side by side or configured in any way that you would like. Double kitchen islands separate prep and dining/work areas, breaking up the monotony of the layout and adding much-needed interest in a large open plan space. They’re also one of those kitchen ideas that can work in smaller spaces.

Marble

Marble is a luxurious material that can be used in any room of the house. It is a magnificent option for kitchen countertops. Marble kitchen countertops give the room a striking and sophisticated appearance. In any room, they look fantastic and luxurious. They can also increase the value of your home.

If you’re looking for inspiration for a new kitchen remodel, hopefully, this may have given you a few ideas.

Questions to Ask Yourself Before Buying a Home

Purchasing a home is one of the most significant investments you can make. There are numerous factors to consider, it is important to know all of the facts first before making a decision. The overall housing situation is undoubtedly difficult, so there is no reason not to be cautious and thoughtful when approaching this topic. Before deciding on one to call your own, consider asking yourself these questions to make your future home-buying experience go more smoothly.

1. How much money have I set aside for a down payment?

The average down payment for a house in California is between 15% and 20% of the purchase price, but this can vary depending on your mortgage lender and financial situation.

Lenders will lend you hundreds of thousands, if not millions, of dollars when you buy a house. Buyers, in turn, contribute a portion of the purchase price to gain initial equity in the property. Each mortgage option, however, is distinct, and homebuyers must determine which financing options are best for them. More money put down at closing results in lower monthly mortgage payments and interest.

As a result, California residents thinking about buying real estate should create a budget and start saving for a down payment well in advance of making a decision.

2. Is my credit score high enough?

If buying a home is one of your financial goals, think about the role a good credit history plays in the process. Most mortgage loans require a minimum credit score, and some lenders may have stricter requirements for certain borrowers.

3. Do I have a steady income?

A stable job, consistent income, and a good credit score are the best indicators of readiness. Your family situation must also be taken into account.

4. What kind of home do I like?

Before purchasing, ensure that the property offers everything that you look for in a home. It is vital to consider learning about its neighborhood and have it thoroughly inspected as it is critical to understand what repairs the house may require.

5. Can I trust my agent?

The right real estate agent can make or break your home-buying experience, so find one that you can truly rely on. Your agent should be able to give you an honest assessment of a home’s value, as well as the pros and cons of its size, location, and condition.

In conclusion, purchasing a home can be overwhelming in a competitive market and stressful during the best of times. Although, understanding what you are getting into, knowing what is required of you, and finding the right real estate agent will help you reach your goal smoothly.

Do you think you’re ready to become a homeowner? Heidi and I bring a combined 45 years of industry experience in residential, commercial, and land sales. We strive to provide the highest level of service in all phases of the buying and selling process. If you’re looking for your next Sebastopol real estate investment, Heidi and I can be there to serve as your voice—as well as to offer our experience, guidance, and advice you can count on. Call us!

How to Decorate Your First Home

Moving to a first home must be one of the most exciting events in everyone’s lives. Making new memories, purchasing new furniture, and putting your home décor ideas into reality. Decorating your home can be overwhelming; even if you already have a design or style in your mind, it helps to know some tips to transform your home smoothly.

Below, you will find a variety of tips to help you decorate your first home.

1. Declutter Your Current House

You should segregate all of your belongings as to which of your possessions are going to stay and which are not. Check all of them as to which ones will go with the style of your new home and its functions.

2. Decorate the Bedroom/s First

The bedroom is where we spend most of our time; where we relax and find our peace. Decorating can be a real challenge, having your own space ready and clean after a long day will help you destress.

3. Purchase Your Furniture Slowly

While it can be tempting to purchase all of the interiors in one go as you already have a style in mind and would want to get it over with – slowly decorating your space allows you to identify issues, allowing you to easily modify your decorations.

4. Create a Budget

Ensure that you are decorating smart. It’s easy to get carried away while looking for things that perfectly suit your style and end up buying expensive items. Create a budget and stick to it and you will find better options to improve the visual appeal and functionality of your space.

In conclusion, decorating your first home can be a hefty task, but it is possible to follow your home décor inspiration with proper planning and execution. If you’ve been thinking about how to start transforming your first home and making it your own, we hope that these tips would have been a help.

Sonoma County Market Trends

Heidi and I share over 40 years of experience in both residential and commercial real estate. We are setting new standards by refining the art of residential brokerage with a practiced eye for identifying the unique value of a property. We are very well versed in current real estate trends and offer our clients exceptional expertise when positioning their homes in today’s market or evaluating and securing an upcoming purchase.

The first couple of months of the year 2022 has been tough for the world, just as recovery from the pandemic seemed within reach, the current war has affected everyone’s lives. It has been an intense year, but we are thrilled to present you with the update on the Spring Real Estate in Sonoma County.

Properties sold 67% higher than last month and 14% lower than the same 1st Quarter of 2021.

The volume of new listings is 43% lower than last month and 49% lower than the same 1st Quarter of 2021.

Average Days on Market is 3% lower than last month and 30% lower than the same 1st Quarter of 2021.

“March sales data continues to suggest strong buying interest and a solid housing market, as the effects of higher mortgage interest rates won’t be realized for a few more months,” said CAR Vice President and Chief Economist Jordan Levine.

Rates may stabilize, rise further, or drop back down – they can change very quickly. The market is unpredictable, that’s why it is important to consult a real estate agent for a specific analysis of the neighborhood where you’re selling or buying. An informed decision goes a long way. Call us to establish a plan to achieve your personal real estate goals.

Adjustable-rate Mortgage

An adjustable-rate mortgage (ARM) is a mortgage loan with the interest rate on the note periodically adjusted based on an index that reflects the cost to the lender of borrowing on the credit markets. The loan may be offered at the lender’s standard variable rate/base rate. There may be a direct and legally defined link to the underlying index, but where the lender offers no specific link to the underlying market or index, the rate can be changed at the lender’s discretion. The term “variable-rate mortgage” is most common outside the United States, whilst “adjustable-rate mortgage” is most common in the United States and implies a mortgage regulated by the Federal government, with caps on charges. In many countries, adjustable-rate mortgages are the norm, and in such places, may simply be referred to as mortgages. (“Adjustable-rate mortgage,” n.d.)

“A 5/1 adjustable-rate mortgage has an average rate of 5.03%, an uptick of 13 basis points from seven days ago. For the first five years, you’ll typically get a lower interest rate with a 5/1 ARM compared to a 30-year fixed mortgage. However, you may end up paying more after that time, depending on the terms of your loan and how the rate adjusts with the market rate. If you plan to sell or refinance your house before the rate changes, an ARM may make sense for you. If not, shifts in the market may significantly increase your interest rate.” Justin Jaffe, cnet.com

To know if an ARM is a right fit for you, here are its pros and cons:

Photo from Slide 7 © Rosalinda Parks | Slideplayer.com

Adjustable-rate mortgages are risky, but as interest rates rise, more homebuyers are starting to consider them. ARMs have lower initial interest rates than 30-year fixed-rate mortgages, but the rate will change after a set period. Borrowers must then pay the fixed rate when their lock period expires, which can be risky if interest rates are rising at the time.

If you would like to know whether the ARMs or Fixed Mortgage is for you, Heidi and I will be there for you to give you the knowledge to have an informed decision—with our experience, you can count on us. Call us!

Outdoor living space

With the arrival of the warmer months, homeowners have been enthusiastic about decorating their outdoor environment. As the Covid-19 pandemic continues to spread and with more time spent at home and fewer opportunities for inside socializing, our outdoor spaces are more important than ever and their value continues to grow across the country.

The year 2022 is shaping up to be one of the most significant in the history of outdoor living spaces. Outdoor space design is becoming increasingly engaging, focusing on all those aspects that fulfill the demands of individuals who use it daily. Furthermore, having a useful and peaceful outdoor setting promotes and allows us to spend more time outside, which not only benefits our mental and physical health but also strengthens family relationships as this provides the opportunity to spend time with our loved ones.

As a result, architects and interior designers are paying closer attention to the various techniques that can transform an outdoor space into a pleasant and stylish living space like these:

The colors of the year 2022 feature earth-toned hues that make any place feel warm and welcoming, and choosing a nature-inspired furniture shade may instantly add comfort to a room. Picking hues suggestive of the outdoors, from deep reds and tans to inviting calm grays and beige, creates a tranquil outdoor environment. An outdoor living room can be used for a variety of purposes, including home offices and garden rooms, which are common amongst sophisticated homeowners. However, there is another compelling incentive to incorporate an outside space into our home: ours and our family’s health. It can be used to unwind, enjoy nature, and entertain family and friends in a comfortable and stylish living environment.

In addition, the hanging chair is one of the top furniture picks to be added to your outdoor living space, this chair is popular because of its coziness, longevity, and eye-catching patterns. Due to this, the demand for this stunning piece of furniture shows no signs of slowing down.

The chair is typically made of wicker or rattan and accented with a comfortable cushion, all of which is supported by a solid metal frame. Wicker adds an artisanal touch and aesthetic appeal without costing a fortune. Its neutral color blends perfectly with practically any existing design concept in your outdoor environment. The hanging chair is an excellent choice for unwinding.

Outdoor living space may improve our lifestyle in different ways, whether it’s for some quiet personal time to meditate or read a book, or entertainment purposes for family and friends; this concept will certainly help reduce stress levels and allows focusing on having both happier and healthier mind. If you have been looking for some ideas for an outdoor living space design, hopefully, this article would have been a help.