5 Reasons to Hire a Realtor to Sell Your Home

With an abundance of online resources out there to help people get the most from the sale of their homes, you may be wondering whether or not a Realtor is a good investment. Why not take the DIY approach and sell it on your own, you can save the commission right? Not only does selling a home yourself come with risks and liabilities, it’s a huge undertaking in time and money.

Even if you do close the sale, you may have missed valuable opportunities to increase your ROI during the process. In addition, the red tape of real estate is highly stressful for inexperienced sellers and can have disastrous consequences if mishandled. Even with so many online resources, a good Realtor is still a necessity to protect your real estate investment. For example, there is over 200 pages of disclosures in Stanislaus County.

At Raynor Real Estate, we are proud of our Realtors amazing service and professionalism, and we are delighted to share our uniqueness and we help our clients get the most for their home with our proven and proprietary strategies. Here are the top five reasons to hire a Realtor.

1. Our Realtors are experienced and know every step of the transaction. When your home is one of your most expensive investments, you want someone who can handle every aspect of selling it. Our Realtors are educated in buying and selling, and will work with you to get the sale you want.

2. Our Realtors know the market conditions. Our Realtors can explain the housing market conditions at both the local and national levels to help you make well-informed decisions. As locals themselves, our Realtors know the market from the inside out: median and average sales prices, list-to-sold ratios, and average per-square-foot costs are just a few of the things our Realtor will know. This information makes a huge difference when beginning the selling process. We do not just average the market which is a normal practice by many even within the business, we differentiate ourselves by taking an approach more closely utilized by appraisers.

3. The Raynor Real Estate Team is certified in negotiating . Buying and selling a home includes so many people beyond just the buyer and the seller. Contractors, insurance agents and loan officers are just a few of the people you would have to deal with on your own without a Realtor. In fact, on average transactions will have over 30 different people who
touch a file prior to closing. Our Realtor knows what’s Right and what isn’t—let Our Realtors fight for you, and you’ll be glad you did.

4. Realtors handle the paperwork. Financial disclosures, mortgages, tax receipts and deeds are just a few of the forms that must be completed during the selling process. Most individuals do not understand they are State and Federal mandated disclosures that are required in every sell whether a Realtor is utilized or not. Beyond the sheer hassle of paperwork, there is the risk of serious consequence. A mistake on real estate paperwork could cost you serious money, or worse, land you in court with little to no defense. As your real estate agent, we will handle the essential details, and make sure you are educated about the bureaucratic side of selling.

5. Our Realtors continues to be a resource even after the ink dries. Even after escrow closes, complications can arise from the sale of a home. You will want a Realtor you can call months or years after the sale – for example, if tax authorities come to collect tax assessments, documentary stamps or transfer tax. We keeps all of your paperwork on file for many years and can help you sort out the legalities post-selling.

At Raynor Real Estate, it is important to us that each of our clients are satisfied. With more than 30 years in Business and the Real Estate Community, we are confident that we can help you become one of our many satisfied customers. If you are considering selling your home, contact one of our Realtors and we can begin the process together.

Anjelah Johnson Event

Comedienne and a native of San Jose, California, Anjelah Johnson performed at the Gallo Center for the Arts in October 2012, a sold out comedy show that delighted fans and newcomers alike. Anjelah is a former Oakland Raiderette cheerleader. She became an internet sensation with her viral video “Nail Salon,” This video led to many more stand up and performance opportunities. That led to Johnson joining the cast of “MADtv” as a series regular, which formed yet another internet sensation, “Bon Qui Qui.” This character, a disgruntled fast food employee with no filter, has been loved by over 55 million people worldwide. You don’t want to miss out on this night of fun, clean comedy.

Phone : 209-338-2100
Web Site : galloarts.org
Date : April 11, 2015
Time : 8:00pm
Location : Gallo Center
Address : 1000 I Street Modesto, CA 95354

Builders Are Beginning To Avoid Starter Homes

Some reasons the starter home is losing interest among those in the building industry:

• Land costs are more costly, and many of the lots during the first part of the housing recovery within the last few years have been finished lots of “A” quality – with not much attention devoted to B, C, and D lots that would have been traditionally geared toward entry-level homes. Lots that could be used for entry-level homes involve high-density or outer-circumference subdivision tracts. Costs of lots in those areas and relief on some construction defects litigation on attached homes, need to come down quite a bit for there to be a return of entry level housing.

• Higher fees in building these communities also deter entry-level buyers to the new-home market. Builders often face large infrastructure and support service costs. These fees and charges also get added on to the price of new homes, which adds an extra 20 to 25 percent of the cost of a new home.

• The typical “entry-level” buyers do not want “starter” homes any longer. Millennia’s have waited, paid down student debt, married, and are ready to move into a permanent home rather than buy a starter home and move again a few years down the line.

The “starter” home may well be a thing of the past. Buyers are more patient and more willing to wait until they find their “dream home” rather than buying the first thing available. If you have questions or would like more information, please feel free to contact us today.

Think you can’t afford to buy a home?

Down payment requirements that rose after the latest mortgage crisis, are easing again as lenders and mortgage backed securities try to bring in more new buyers.

One of the major hurdles to home buying is qualifying for a mortgage loan. This task may not be as insurmountable as it may seem.

The Federal Housing Administration has backed loans for borrowers with lower credit scores and down payments as low as 3%, but it also required hefty insurance payments. This is all going to change.

FHA annual insurance premiums drastically dropped at the beginning of 2015. The change, from 1.35% to 0.85%, makes FHA loans a better choice for most borrowers after years of incredibly high premiums. This is beneficial towards your buying power.

“The crisis has shaken the market so much that there is no doubt there was an overreaction.”
-Fannie and Freddie

Fannie Mae and Freddie Mac guarantee more than half the country’s mortgages. At the end of 2014, the two companies announced their plans to decrease minimum down payments from 5% to 3%.

The program from Fannie Mae went into effect in December, and the one from Freddie Mac will start in March. They are both for first-time homebuyers or those refinancing their mortgage, but the Freddie Mac program is restricted to low-income borrowers.

These loans still require private mortgage insurance for down payments that are less than 20%.

This does not mean that all lenders will change their standards, but it is a step towards easier loan approval. Each lender has their own regulations referred to as “overlays”

“Rural” and VA loans

Some other types of loans have also become more popular since the recession. Despite the name, loans from the Department of Agriculture are widely open to borrowers in many locations that aren’t really rural, they also include no-money-down financing. To be eligible for USDA loans, you must have dependable income and decent credit, and cannot already own a home, exceed area median income thresholds or live in certain urban areas.

Department of Veteran Affairs loans are increasing in popularity as well, almost outnumbering FHA loans. VA mortgage backing enables veterans and surviving spouses to purchase property with no money down, no outside insurance and low closing costs. VA interest rates are usually lower, and credit and income requirements are more flexible than conventional loans.

An increase in loans with low down payments has triggered widespread criticism of more relaxed lending standards. This is one of the factors that lead to the Great Recession. The fact remains that if no one is qualifying for loans, lenders are not making a living. Somebody has to prime the pump, so to speak, to get the housing market back to where it needs to be.

Down payments are one of the largest hurdles to overcome when attempting to purchase a home. The trend towards lower down payments and looser mortgage restrictions will help everyone in the long run.

Every individual and scenario is different, even if you don’t feel you could qualify, we recommend you speak to our lending team who are well versed in everything from high net worth clients to the toughest scenarios. You will not hear no from us, we will stay the course with you guiding and educating you throughout the process and even assist you with getting prepared if you have less than perfect credit. Contact Shayla Gifford and her team at buyers@thegiffordteam.com