I enjoy giving my clients tips and tricks about the real estate transaction and keeping everyone in the local know.  Check out my video blog?

Feb. 5, 2017

Invest Now in California Real Estate - Perfect Storm

What’s Going to Happen?

The state of the real estate market according to Steven Elias, RealtorForecasts about the Bay Area housing market are a subject of much debate these days. It seems like there has been no end to home prices continuing to escalate, no matter who is in the White House or even amid rumors of a looming recession. Or so it seems.

Forecasters are in a somber mood about the Bay Area market. In recent years, the tech industry has spawned thousands of jobs and attracted persons from all over the country and the world while paying them top salaries. Startups abound throughout the area and dreams of going public or getting bought out are strong, regardless of the slim chances.

Even with salaries that would make you a king in Peoria, we live in arguably the most expensive place in the country, The San Francisco Bay Area. Techies are 3 or more to a house or apartment and sharing bedrooms or converting living rooms. Or they just stay at home with their parents if local. So, is economic growth expected to continue to rise along with home prices to unfathomable levels?

Nothing lasts forever. According to reputable forecasters (read more about what they have to say here), the high tech boom is not going to last forever. Unlimited job growth will end and the economy is due for a cooling trend. As to whether it will be similar to past busts remains to be seen, but it is coming and probably within the next 4 years.

Interest rates are expected to go up, so it will be a bit more difficult to buy a home or perhaps to sell one. But there are buyers out there and inventory is not exactly busting at the seams so sellers may still have the upper hand.  (Read more here about how easy it is to currently get a loan)

There are also rumblings that Dodd-Frank will be either repealed or compromised by the Trump administration so as to render it ineffective. Dodd-Frank refers to financial regulations that were instituted in response to the banking industry abuses that led to the subprime mortgage crisis and the financial slump in 2008. If repealed, banks will likely return to easier credit and lending standards and you may benefit as a result.

There's always the risk of abuse and a return to the crisis that left so many underwater and in foreclosure. The lesson is to have a lender you can trust, understand your contractual terms and have the financial means and ability to make your payments.

We have trusted lenders, financial advisors, inspectors and tools to help you find home in the right neighborhood for you.  We also have an arsenal of marketing tools to help you sell your real estate investment for top dollar.  Just reach out to me?  I'm ready to get to work when you are.

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When buying or selling a home, contact Steven Elias for the best Realtor negotiator in Contra Costa County.

Posted in Tips and Tricks
Jan. 31, 2017

How 3D Real Estate Video Tours Sell Your Property FAST!

3D Real Estate Video ToursReal estate marketing techniques strategy and technology evolve almost faster than we can adopt it. The process of buying and selling homes has, as a result, become at the same time both easier and more complex than ever. In order to narrow down their search as much as they can, home buyers are looking for those who use the latest, most advanced means of showing off their homes.

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Posted in Tips and Tricks
Jan. 24, 2017

California Conforming Home Loan Limit Increase [Buyer’s Guide]

California conforming home loan limitThere’s great news for homebuyers in California! For those looking to buy a new home, your ability to buy bigger just increased significantly. The Federal Housing Finance Agency, or FHFA, has announced that they are raising the limit on conforming loans in a number of high-cost counties. This means the ability to take out larger loans without the need to step up the type of loan you’re taking on. It’s important, however, to understand how a California conforming home loan limit increase affects you, and what it means for your mortgage approval process and home loan interest rates.

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Posted in Tips and Tricks
Jan. 20, 2017

For Rent: 442B Marshall Drive Walnut Creek, CA 94598

Contact info:
Elizabeth Russo or Steven Elias

Newly Remodeled, 2-Bed, 2-Bath, Condo over House!

442 Marshall Dr Unit B, Walnut Creek, CA 94598

$3,000/mo

Kitchen 442B Marshall Drive Walnut Creek CA 94598

KEY FEATURES
Bedrooms: 2 Beds
Bathrooms: 2 Baths
Lease Duration: 1 Year
Pets Policy: No Pets Allowed
Parking: Guest parking
Property Type: Condo

DESCRIPTION


Located on country road with access to hiking trails. Elementary school nearby in prominent school district that includes Indian Valley Elementary, Walnut Creek Intermediate and Los Lomas High School. Close to downtown shopping and restaurants, Heather Farm pool and playground. Two malls including new Safeway and Whole Foods markets just minutes away along with world-class John Muir Hospital and other medical facilities and clinics.

RENTAL FEATURES


  • Living room
  • Dining room
  • Family room
  • Storage space
  • Breakfast nook
  • Range / Oven
  • Refrigerator
  • Garbage disposal
  • Balcony, Deck, or Patio
  • Heat: forced air
  • Air conditioning
  • Double pane / Storm windows
  • Hardwood floor
  • Tile floor

COMMUNITY FEATURES


  • Guest parking
  • Off-street parking
  • On-street parking



Contact info:
Elizabeth Russo or Steven Elias

More Information:

Posted in Listings
Jan. 17, 2017

3 Smart Home Design Features that Martinez CA Buyers Want

Smart home design featuresTechnology has changed everything about our world, just in the past 30 years alone. From cars that include full entertainment systems to smart TVs, whole home audio systems, high-end cellular home alarms and streaming apps built into the wall, we can do just about anything with our homes, including control them from a phone app.

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Posted in Tips and Tricks
Jan. 10, 2017

Make the City of Walnut Creek Safer, Become a CERT Member

City of Walnut CreekThe citizens of Walnut Creek take pride in their community to a level that isn’t seen in many other towns across the nation. They truly love this small city, they value each other’s safety and their community as a whole, and they do whatever they can to make the town a better and safer place to live.

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Posted in Local Happenings
Jan. 3, 2017

Walnut Creek on Ice Offers Fun for the Whole Family

Walnut Creek on IceIt’s that time of year again—the holiday season is in full swing, and one of the iconic images of the winter season is getting together with your loved ones and gliding along on the ice rink. When it comes to ice skating in Walnut Creek, there’s only one place people go to get their skate on and that’s Walnut Creek on Ice!

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Posted in Local Happenings
Dec. 30, 2016

Quality Discounted Properties: When is Buying a House a Good Investment?

is buying a house a good investmentAs a buyer, when is buying a house a good investment strategy? it’s important to recognize the difference between getting a great price and BUYING QUALITY PROPERTIES AT A DISCOUNT. Price is only part of the evaluation of a property. You do not have to look further than some of the bank owned foreclosures and short sales in your market to see the difference. There is a trap that many buyers fall into at some point, and that is leaning toward the best price vs. the best value.

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Posted in Tips and Tricks
Dec. 28, 2016

How Much Home Can I Afford in Contra Costa County?

I came by way of this cool spreadsheet and thought you'd enjoy. I thought it'd give you a better idea of the monthly payment you can afford when asking the question, how much home can I afford? This is just a rough estimate based on your yearly wage. Remember, a house payment should be no more than 25% of your gross monthly income (before taxes and deductions).

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Posted in Tips and Tricks
Dec. 27, 2016

Relocating to Martinez California [Home Purchasing Guide]

Relocating to Martinez CaliforniaWhen you start on the process of buying a new home, it’s always a stressful time, but when it involves relocating as well, it can be a scary thing. You’re looking at a new neighborhood that you don’t know and you’re not sure what comes next. However, it’s also an exciting time, getting to know your new community, meeting new people and making new friends.

When you combine all of this with the thrill of walking into a new home for the first time, this experience is like starting a new chapter in life. Here’s a home purchasing guide for relocating to Martinez California with helpful information about the neighborhood and getting on your feet in a new home.

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Posted in Tips and Tricks