Slaying Myths About Buying A Home

 

Many potential first-time home buyers believe that they have a “perfect” credit score & 15-20% for a down payment.

Arming yourself with information about what’s reality going on in the housing market will ensure you become the “King or Queen of Your Castle”

 

PROTECT YOUR HARD EARNED MONEY

According to a Rent.com survey:

88% of property managers raised their rent in the last 12 months and there does not appear to be any signs of stopping. 53% said that they were more likely to bring in a new tenant at a higher rate, than renegotiate and renew a lease with a current tenant that they already know.

 

 

What’s Your Next Move?

Now that you know that you do not need an 800 credit score, 20% down payment and interest rates are still low…Let’s get together to find your Castle!

Michael Tessaro
Realtor®, ABR, BPOR, CRS, GRI, SRES
PHONE | 1-925-519-9099
EMAIL | michael@michaeltessaro.com
LICENSE | 00868159

 

 


Posted on April 12, 2019 at 8:46 pm
Michael Tessaro | Posted in Buying, Market News, Market Trends, Selling |

5 Reasons to Try a Ductless Mini-Split Air Conditioning System

 

 

It’s almost spring in much of North America, which means it’s time once again to tune up your air conditioner or send it to the big home improvement store in the sky. Even an older A/C unit that’s still functional may need to be replaced simply because of how inefficiently it’s running.

Before you shell out for a new central air system for some or all of your living space, it might be time to look at your options. Here are five good reasons to switch to a ductless mini-split air conditioning system.

What Is Ductless Mini-Split System?

Like all air conditioners, ductless mini-split systems rely on the expansion and contraction of refrigerant moving through a closed system to affect the temperature of a room. But instead of pushing cold air through long networks of ducts and vents, mini-splits cool the air right where it’s needed. This means that air never has to travel through ducts and complicated installations aren’t necessary.

These systems are incredibly popular in parts of Asia, especially where small living spaces are the norm. They are slowly catching on in the US as an alternative to both central heat and air systems and older forms of non-ducted climate control.

The Big Secret of Mini-Splits and Five Other Reasons to Own Them

The neat thing about most ductless mini-splits is that they’re actually heat pumps, rather than air conditioners. A heat pump is nearly identical to an air conditioner, but it has a switching valve that can change whether it’s pushing hot air into a room or pulling it out, giving you more climate control options.

Pretty cool, huh?

But that’s not all there is to these tiny wonders. Oh no. These are other great reasons to install a mini-split system this spring:

  • You can finally afford to cool spaces that weren’t built into your home’s original ductwork. Because mini-splits are inexpensive to acquire and need very little in the way of installation, your garage, workshop, added-on rec room, attic conversion and so many other spaces can finally be appropriately climate controlled. The small size of the units and tiny holes that are required to connect the indoor unit to the outdoor one make them good for almost any room.
  • Every room in your home can be custom climate controlled. Yes, you heard it here first. Because each indoor mini-split unit is essentially its own system, you can set each one to a different temperature and expect that the room will actually reach the target temp. No more trying to balance your 80 degree office with your 70 degree living room, they can both cruise at a comfortable 72 degrees all the time.
  • You’ll save money and use less energy. They do tend to go hand-in-hand. Since you’re not having to produce enough cold air to push through ductwork that is likely both a bit leaky and also just inefficient due to a lack of insulation, your ductless mini-splits are already hugely more efficient than their central cooling counterparts. According to Fujitsu, just one manufacturer of these units, homeowners generally see a savings of up to 24 percent on their utility bills when they make the switch.
  • They’re so smart! Smart home technology isn’t anything new, but it has yet to gain wide acceptance in the heating and air space. Ductless mini-splits are often fully loaded with WiFi controls that you can access from anywhere without adding any additional equipment like a smart thermostat, which can run you a couple hundred dollars extra per room.
  • And super reliable. Because they have so few moving parts and no ductwork to speak of, mini-splits rarely suffer significant breakdowns. They’re easy to maintain and they only need a little bit of attention throughout the year.

Ready to Get Super Efficient?

If you’re looking for a heating or air conditioning solution for your spare room or your whole house, a ductless mini-split may be the right answer. You’ll need a good installer, though, to make it a completely painless process. This is where your HomeKeepr community can help! Just log in and ask your favorite home pros for a recommendation for the best mini-split installer in your area. You can be certain they’re super qualified because those home pros are staking their own reputation on it!

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Michael Tessaro
Realtor®, ABR, BPOR, CRS, GRI, SRES
PHONE | 1-925-519-9099
EMAIL | michael@michaeltessaro.com
LICENSE | 00868159

Posted on March 18, 2019 at 5:54 pm
Michael Tessaro | Posted in Uncategorized |

The Housing Market Will “Spring Forward” This Year!

 

 

Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right.

Buyer demand has seasonality to it. Usually, this falls off in the winter months, especially in areas of the country impacted by arctic conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with an increase in rates forecasted for 2019, buyers are still able to lock in an affordable monthly payment. Buyers are increasingly jumping off the fence and into the market to secure a lower rate.

The National Association of Realtors (NAR) recently reported that in 2018 the top 10 dates sellers listed their homes all fell in April, May, or June.

Those who act quickly and list now, before a flood of increased competition, will benefit from additional exposure to buyers.

Bottom Line

 

 If you are planning on selling your home in 2019, meet with a local real estate professional to evaluate the opportunities in your market.

 

Michael Tessaro
Realtor®, ABR, BPOR, CRS, GRI, SRES
PHONE | 1-925-519-9099
EMAIL | michael@michaeltessaro.com
LICENSE | 00868159

Posted on March 4, 2019 at 6:12 pm
Michael Tessaro | Posted in Market News, Market Trends |

Home Prices Up 5.73% Across the Country! [INFOGRAPHIC]

 

Some Highlights:

  • The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
  • In the report, home prices are compared both regionally and by state.
  • Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!

 

 

 

 

 

Michael Tessaro
Realtor®, ABR, BPOR, CRS, GRI, SRES
PHONE | 1-925-519-9099
EMAIL | michael@michaeltessaro.com
LICENSE | 00868159

Posted on March 1, 2019 at 6:02 pm
Michael Tessaro | Posted in Market News |

5 Reasons to Hire a Real Estate Professional Before Entering the Market!

 

 

Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal!

The 5 reasons you need a real estate professional in your corner haven’t changed but have rather been strengthened by the projections of higher mortgage interest rates and home prices as the market continues to pick up steam.

 

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional is an expert in his or her market and can guide you through the stacks of paperwork necessary to make your dream a reality.

 

2. So you found your dream house, now what?

There are over 230 possible steps that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to ensure you achieve your dream?

 

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. After looking at the list of parties that you will need to be prepared to negotiate with, you’ll soon realize the value in selecting a real estate professional. From the buyers (who want the best deals possible), to the home inspection companies, all the way to the appraisers, there are at least 11 different people who you will need to be knowledgeable of, and answer to, during the process.

 

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start in order to attract the right buyers and shorten the amount of time that it’s on the market. You need someone who is not emotionally connected to your home to give you its true value. According to a recent article by the National Association of Realtors, FSBOs achieve prices significantly lower than the prices of similar properties sold by real estate agents:

“FSBOs earn an average of $60,000 to $90,000 less on the sale of their home than sellers who work with a real estate agent.”

Get the most out of your transaction by hiring a professional!

 

5. Do you know what’s really going on in the market?

There is so much information out there on the news and on the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively and correctly price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

 

Bottom Line

You wouldn’t replace the engine in your car without a trusted mechanic, so why would you make one of the most important financial decisions of your life without hiring a real estate professional?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Michael Tessaro
Realtor®, ABR, BPOR, CRS, GRI, SRES
PHONE | 1-925-519-9099
EMAIL | michael@michaeltessaro.com
LICENSE | 00868159

 


Posted on February 28, 2019 at 10:21 pm
Michael Tessaro | Posted in Buying, Market News, Market Trends, Selling |

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

 Some Highlights:

  • Historically, the choice between renting or buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.
  •  Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

 

Michael Tessaro
Realtor®, ABR, BPOR, CRS, GRI, SRES
PHONE | 1-925-519-9099
EMAIL | michael@michaeltessaro.com
LICENSE | 00868159

 


Posted on February 28, 2019 at 9:27 pm
Michael Tessaro | Posted in Buying, Market News, Market Trends, Selling |

5 Reasons to Love Hiring A Real Estate Pro [INFOGRAPHIC]

Highlights:

  • Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make!
  • They are there for you to help with contracts, explaining the process, negotiations, and pricing (both when making an offer or setting the right price for your home).
  • One of the top reasons to hire a real estate professional is their understanding of your local market and how the conditions in your neighborhood will impact your experience.

 

 

 

 

Michael Tessaro
Realtor®, ABR, BPOR, CRS, GRI, SRES
PHONE | 1-925-519-9099
EMAIL | michael@michaeltessaro.com
LICENSE | 00868159

Posted on February 28, 2019 at 8:04 pm
Michael Tessaro | Posted in Buying, Selling |