Alan Shafran Real Estate Blog

If you are unhappy with the current look of your home, you may be thinking about redecorating to spruce the space up.

For most, redecorating includes repainting the wall, refreshing the home décor and even purchasing new curtains or furnishings.

However, in some cases, redecorating is not enough to produce the desired results. The last thing you want to do is spend hundreds or thousands of dollars redecorating only to still be unhappy with the look of the home. Renovating may be in order, but you should carefully consider these two options to determine the right move to make.

Your Budget

Your budget will be a critical deciding factor in whether you should renovate or remodel. Renovating a room may involve replacing the

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Simple tips on how to sell and how The Alan Shafran Group can help you do that.

Staging and Photography - A professional home stager sees your home from a buyer’s perspective — a good one understands how to highlight its strengths and soften its flaws.  (Mention about our staging that we do?)
Depersonalize - Personal photos are wonderful when it's your home, but when your home is on the market, they need to come down for prospective buyers to imagine themselves living there. In the same respect, don’t distract from the house itself with art, which could be unappealing to a buyer
Small Upgrades - Don’t go overboard on major remodels. Chances are, you won’t get your money back. Instead, focus on small upgrades, particularly…
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The median price of a single-family home that changed hands in San Diego County last month was $559,950, up 1.8 percent from January and 7 percent higher than February 2016, the California Association of Realtors reported Wednesday.

Statewide, the median sales price of a house was $478,790 last month, down 2.2 percent from the prior month, but 7.6 percent above the same period last year, according to CAR.

The number of homes that sold statewide in February decreased by 4.7 percent from January, but was 4.9 percent higher than February of last year.

“Despite a strong sales start for the year, the housing supply shortage in California continues to cast doubt on whether the sales momentum can be carried forward into the spring home-buying

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As of January 2017, average apartment rent in San Diego, CA is $2113.

Rent is more than two times the national average.

Here are some sobering statistics on the average rent in San Diego, California. Below is local Carlsbad area rental prices.

  • Housing costs in general are 102 percent higher than the national average.

  • The overall average rent in San Diego is $2,357 per month in the metro area.

  • A studio will be around $1,350 per month.

  • A one-bedroom apartment can average about $1,552 per month.

  • Two-bedroom apartments average $1,919 per month.

  • The median home value index in the metro area is $534,600.

  • San Diego locals will spend an average of

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San Diego County’s housing market hasn’t fully recovered from the recession, but it is getting close.

Last year, 23 ZIP codes hit new high median home prices, according to real estate tracker CoreLogic. The countywide median in 2016, $490,000, fell just shy of the $500,000 peak reached in 2005 and 2006.

It remained a seller’s market with the average days on market for a home dropping to 33 — 50 percent less than it was 10 years ago. The scarcity of homes was a factor in prices and demand. 

There was a 1.7 month supply of single-family homes in December and 1 month for condos, said the Greater San Diego Association of Realtors. Analysts consider six months of inventory a balanced market because anything lower favors sellers and means fewer

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The 2017 Cost vs. Value report by Remodeling magazine documents the national and regional costs and ROI (return on investment) for 29 popular home improvement projects.

Overall, these 29 improvements paid back 64.3 cents on the dollar in resale value.

What that says to the homeowner is that spending money to sell a home requires research.

The goal of improvements from a seller’s standpoint is to attract buyers and achieve top dollar on a listing. But finding the balance between updates and return isn’t that simple.

In a seller’s market, spending (significant amounts of) money on improvements for resale may not translate to added value. As the tide turns to a buyer’s market in the next year or so, agents will need to carefully track ROI

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Image result for election effect on housing market

 

It’s no secret that our country as a whole has some deep concerns about our current presidential election. It doesn’t matter if you like one of the candidates or dislike them both, everyone seems to have concerns about how this election will impact the economy and the nation.

Before we get into the analysis of how the 2016 presidential election can and will impact the real estate market, let's first mention the elephant in the room. 

Remember the last few presidential elections?

The most recent U.S. presidential elections have been intense, to say the least. The country remains divided in half, so the races have been close and unpredictable. Each time, people have been so worried about the upcoming election that they threatened to go

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You Need an Umbrella When You Don't Know It's Going to Rain

Whether buying a beach house in Miami or cabin in Appalachia, you probably need homeowners insurance — but what kind? While you can skip over hurricane insurance in Appalachia, that’s not a nationwide trend, according to a new study. 

With insurance rates and prices rising on a sharp incline, more homeowners are opting out of policies, according to a new Trulia report.

The vast majority of mortgage lenders require homeowners insurance policies. However, if the homeowner pays off the mortgage in full, they are no longer required to hold a policy — so some simply stop paying for it.

The percentage of homes with insurance policies dropped to 89.2 percent in 2014,

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