Boomers Rent or Buy After Selling?

Should Boomers Buy or Rent after Selling?

Should Boomers Buy or Rent after Selling? | MyKCM

In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home.

“Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased 3 percent…

Meanwhile, more than 5 million baby boomers across the nation are expected to rent their next home by 2020, according to a 2016 analysis from Freddie Mac.”

This makes sense in the short term for many reasons. If you are moving to a different part of town or a new region of the country, you may decide to rent until you pick the perfect home in an area you love. However, is renting a good long-term strategy?

A mortgage payment remains fixed. Rents, however…

The Census Bureau recently released their 2017 third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether you should rent or buy your next home, you should take this into consideration.

Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home instead of renting. Let’s get together so we can help you decide what the best step is for you and your family!  As your San Ramon Realtor, I am here to help answer these complicated questions.  Give me a call at 925-400-7007 or http://www.KernerHomes.com

Buyers are Out Now

Don’t Wait to Sell Your House! Buyers Are Out Now

Don’t Wait to Sell Your House! Buyers Are Out Now | MyKCM

Recently released data from the National Association of Realtors (NAR) suggests that a now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high.

Let’s see how this applies to the current residential real estate market.

SUPPLY

It is no secret that the supply of homes for sale has been far below the number needed to sustain a normal market for over a year at this point. A normal market requires six months of housing inventory to meet the demand. The latest report from NAR revealed that there is currently only a 3.6-month supply of houses on the market.

Supply is currently very low!

DEMAND

A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report (which sheds light on the number of buyers who are actually out looking at homes) disclosed that “foot traffic grew 10.5 points to 52.4 in March as the new season approaches.”

Demand is currently very high!

Bottom Line

Waiting to sell will only increase the competition between you and all of the other sellers putting their houses on the market later this summer. If you are debating whether or not to list your home, let’s get together to discuss the conditions in our market.  As your local San Ramon Realtor, I am always available to help answer your real estate related questions.  Give me a call at 925-400-7007 or go to http://www.KernerHomes.com for more information.

4093 Sugar Maple Drive Danville

4093 Sugar Maple Drive Danville

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Beautiful Home in Danville Nearby Blackhawk Plaza

3 Bedrooms | Office | 2.5 Bathrooms | Approximately 2,549 Sq | Ft

This beautiful home is located in the gated community of Silver Maple in Blackhawk, situated on a private lot backing to open space. Perfect location – within walking distance to Blackhawk Plaza.

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Large Formal Living Spaces

The spacious formal living room is a showstopper, with large picturesque windows and a floor-to-ceiling marble fireplace. The adjoining formal dining room features two sliding glass doors leading to a very charming patio deck – great for entertaining.

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Gorgeous Great Room

The great room has vaulted beamed ceilings, a brick gas fireplace, hardwood flooring, and two sets of glass sliding doors leading to two separate patios.

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Upgraded Kitchen

The kitchen has a lovely view of backyard and decking, white cabinets, hardwood flooring, newer stainless steel double oven and electric cooktop.

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.40 Acre Lot

The master suite has glass sliding doors to balcony, large walk-in closet, and updated bathroom with tile flooring and countertops, large soaking tub, and shower with glass enclosure.

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If you are looking to buy or sell a home, contact San Ramon Realtor Jason Kerner at 925-400-7007 or http://www.KernerHomes.com.  For more information about this property, go to http://www.4093SugarMaple.com

Access: An Important Factor in Getting Your House SOLD!

Access: An Important Factor in Getting Your House SOLD!

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Access: An Important Factor in Getting Your House SOLD!

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers.

There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home.

Here are five levels of access that you can give to buyers, along with a brief description:

Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.
Open Access with a Phone Call – the seller allows showings with just a phone call’s notice.
By Appointment Only (example: 48-Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
Limited Access (example: the home is only available on Mondays or Tuesdays at 2pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.

With May proving to be the best month to sell your home, access can make or break your ability to get the price you are looking for, or even sell your house at all.  If you are looking to sell your home, give San Ramon Realtor Jason Kerner a call at 925-400-7007 or http://www.KernerHomes.com.  Put his 16 years of experience to work for you.

San Ramon High Schools Rank Superior in Country

San Ramon High Schools Rank Superior- US News & World Report

Dougherty Valley High School **GOLD AWARD

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Congratulations Dougherty Valley High School!  Dougherty Valley High is ranked 37th in California and was given the GOLD award for ranking #241 nationally.  In addition, DVHS ranked #49 in STEM Schools. 74% of the students attending DVHS participate in Advanced Placement coursework, 40% take AP tests and 94% of those participants who take the exams pass.  With 98% of its Seniors graduating, DVHS is considered a GOLD award winner because of its successful college prep program.  For more details, go to DVHS.

    • College Readiness Index 70.7
    • AP® Tested 74%
    • AP® Passed 94%
    • Mathematics Proficiency 87%
    • Reading Proficiency 96%

California High School

Congratulations to California High!  It is ranked #1177 in the National Rankings, according to US News & World Report.  It has earned a SILVER medal.  Schools are ranked based on their performance on state-required tests and how well they prepare students for college.  CHS was just ranked #214 in California with a 99% graduation rate.  We are looking forward to seeing all those graduates receive their diplomas in a few weeks.  For more information about the report, go to CHS

All rankings:

  • College Readiness Index 42.4
  • AP® Tested 47%
  • AP® Passed 86%
  • Mathematics Proficiency 72%
  • Reading Proficiency 87%

Congratulations again to our award-winning San Ramon High Schools!  If you want to buy or sell a home in San Ramon, give me a call.  Let me put my 16 years of experience to work for you.   http://www.KernerHomes.com or 925-400-7007.

204 Dandelion Lane San Ramon

204 Dandelion Lane, San Ramon

204 Dandelion Lane, San Ramon
204 Dandelion Lane, San Ramon

204 Dandelion Lane, San Ramon has just been listed by San Ramon Realtor Jason Kerner.  For more details, you may go to 204Dandelion.com or contact Jason for a private tour at 925-400-7007.

About 204 Dandelion Lane, San Ramon

Luxurious living in the sought-after Alta Mira at Gale Ranch. The bright, airy ambiance boasts soaring ceilings and oversized windows. An open-concept floorplan provides a seamless flow and sophisticated setting for hosting parties and special occasions.

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The main rooms include a large formal living room and dining room, and an open kitchen the chef will love adorned with stunning granite slab counters, and stainless steel appliances. There is a bedroom and full bathroom downstairs. Upstairs features a large master suite and remodeled spa-like master bathroom with an abundance of granite and stone. Secondary bedrooms are very large and share a remodeled hall bathroom.

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Other desirable features include hardwood flooring, custom window coverings, designer paints, custom closet shelving, and recessed lighting.

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204 Dandelion Lane sits on a cul-de-sac with a gorgeous front porch and lovely front and backyard landscaping. The excellent location is near San Ramon award winning schools, Blackhawk Shopping Center, parks, and walking/biking trails for spending time in nature.

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If you are looking to buy or sell a home in San Ramon, contact your local San Ramon Realtor Jason Kerner at KernerHomes.  Make it a great day!

Should I Wait Until Next Year to Buy a Home?

What If I Wait Until Next Year to Buy a Home?

What If I Wait Until Next Year to Buy a Home? | MyKCM

Do I Wait a Year to Buy a Home?

We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market.  The big question is, should you wait a year to buy a home?  If you missed the report, go to http://www.KernerHomes.com or call Jason Kerner, your San Ramon Realtor at 925-400-7007.

As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home.

The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index Reporthome prices will appreciate by 5.2% over the next 12 months.

What Does This Mean as a Buyer?

If home prices appreciate by 5.2% over the next twelve months as predicted by CoreLogic, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:

What If I Wait Until Next Year to Buy a Home? | MyKCM

Bottom Line

If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.  If you would like to discuss your individual situation, give me a text or call at 510-400-7007.  As your San Ramon Realtor with 16 years of experience, I would be happy to help.

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San Ramon Art and Wind Festival

San Ramon Art and Wind Festival

The San Ramon Art and Wind Festival is coming up on May 27-May 28, 2018.  According to Bay Area Parent magazine, the San Ramon Art and Wind Festival has been awarded the Silver Medal for being the Best Family Festival.  As a local resident, I agree that this event is fun for everyone in the family and is a great credit to the City of San Ramon!

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Entertainment Schedule

If you enjoy music, check out the stage adjacent to the tennis courts.  Here you will find the following:

Sunday, May 27
11:00 – 1:00
1:30 – 3:30
4:00 – 6:00
Andy Z & the Andyland Band- Family Fun Music
KGS Indian Entertainment- Bollywood & Bhangra Dance, Music & Culture
Take 2- Hits from the 60’s – Today
Monday, May 28
11:00 – 12:00
12:30 – 2:30
3:00 – 3:30
4:00 – 6:00
Eden Aoba Taiko- Taiko Drumming
Snap Jackson & the Knock on Wood Players- Americana & Bluegrass
Memorial Day Program
Tortilla Soup- Latin and R & B

There are two planned Kid Zones that have free and paid activities for our youth.  In addition, there are 150 vendors with various arts and crafts on display for sale.

Wind Activities

Professional kite flyers who compete as National kite flyers will be showing off their skills May 27 and May 28.  Head over to the baseball fields behind the skate park for the best viewing.  There will also be kite making crafts for the kids.  This year, there is hang gliding demonstrations are part of the event.

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Food and Shopping

The list of food and craft vendors have not yet been released.  However, if past years is any indication of the coming year, the food will be delicious and the shopping will be exciting!

For more information go to Art and Wind Festival

If you are looking to buy or sell a home in San Ramon, contact San Ramon Real Estate expert Jason Kerner at 925-400-7007.  For more information, search on homes at http://www.KernerHomes.com

San Ramon Home Sales for April 2018- San Ramon Realtor Jason Kerner

Existing Home Sales Grow Despite Low Inventory

Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC] | MyKCM

Some Highlights:

  • According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million.
  • This is the strongest pace since November of 2017.
  • Inventory levels dropped year-over-year for the 34th consecutive month and are now 7.2% lower than March 2017 levels, representing a 3.6-month supply.

San Ramon Home Sales for April 2018:

  • 90 properties were listed for April 2018 compared to 103 listings for April 2017.  Available properties for sale decreased by 8% this year.
  • Homes were on the market for an average of 13 days compared to 22 last year.  It is more important than ever to have an experienced Realtor working on your behalf.  San Ramon Realtor Jason Kerner has 16 years of experience winning multiple bid opportunities.
  • The average home list price was $1,062,776.00 in 2018.  The average home list price in 2017 was $1,047,896.00.
  • The average home sold price was $1,095,870.00 in 2018 compared to $1,050,979.00 in 2017.   Working with an experienced San Ramon Realtor helps home sellers set the most accurate home sales price.  Call me for a personalized property estimate using my years of experience as your local San Ramon Realtor.  925-400-7007.