It’s Hard To Be Objective About Your Home
Local San Diego Realtor Gary Kent reveals the costly mistakes people that make when selling a San Diego home. Blunder #6 is becoming biased and losing an objective view of your home’s value.
Some people will come up with any reason they can to inflate their home’s value… all while ignoring problems that potential buyers will pick up on. This is partly because their home is tailored to their tastes, and partly because of wishful thinking. Check the video below for some examples and more information.
This week’s crazy building is Borgund Stave Church in Borgund, Norway.
The first crazy thing to note about this church is when it was constructed: around 1200 AD, making it 800 years old or more. Given that it’s made up completely of wood, it’s remarkable that it’s managed to remained standing (and never caught fire!) all this time. This makes it one of the oldest wooden churches on earth.
Its impressive towering design has served as an inspiration for centuries. It was a model for three other churches: in 1883, in 1908, and in 1969 an exact replica was constructed in (of all places) South Dakota.
Nowadays, it is seldom used for religious functions. It was bought by a historical society way back in 1877! It is now used as a museum instead.
This week’s crazy building is the Caveman House in Amsterdam, Netherlands.
This bizarre home is the brainchild of a pair of artists, who designed and built it almost all on their own.
When the city offered up a few plots of land with the simple instruction of “build what you want”, Joris Brouwers and Nicky Zwaan jumped at the chance. It’s situated in the brand-new neighborhood of IJburg—brand-new in the sense that it’s a newly created artificial island!
The home’s cave-like appearance is due to the materials used to make it: a concrete facade with a layer of clay on the interior walls for insulation. Two geothermal wells provide the home’s hot water, making it a model of sustainability.
The haphazard windows and ridged surfaces come together to create a look that combines the pre-historic with the modern and inventive.
This quarter, I’ve been so blessed with referrals! Thank you so much for the business. I’m announcing a new way to give back to the San Diego community. For each referral, I will make a $100 contribution to the Wounded Warrior Project, the San Diego Humane Society, or the Make-A-Wish foundation. It will go to your charity of choice if you have a preference.
If you know someone interested in buying or selling a home in the San Diego area, refer them to me! I’d be happy to work with them and give back to a local charity. Give me a call or send me an email today.
The San Diego real estate market is very interesting right now. The lower price range you go, the hotter the market becomes. In the lower half (under $800K), it is very active. The upper price ranges aren’t exactly cold, but they’re not performing at the speed that other markets have. You can expect multiple offers and a quick sale on the lower end, and if you’re selling a higher-end property it may take a little longer to sell a home.
Mortgage rates are also playing a role in our market, and they’re forcing a lot of buyers to come onto the market before interest rates get too high. Fixed rates are hovering around 4% right now (rates were at 14% in 1984), and that is a phenomenal deal for you.
If you’ve been thinking about buying or selling a home this year, then I suggest you get on the market soon. 2016 is going to be a great year to enter the market.
I look forward to hearing from you!
This week’s crazy building is the Umeda Sky Building in Osaka, Japan.
Those strange construction cranes aren’t cranes at all. They’re actually a part of the building! Specifically, they serve as fire escapes, bridges and escalators to help get around the massive structure.
You may think they look unsightly, but you can’t argue with the fact that this building has a style all its own.
Other strange features include the “floating garden observatory” on the building’s rooftop, and the underground restaurant market with a style that recreates Osaka’s Showa period from pre-World War II. On ground level is an urban garden with trails, flowers and fountains.
Friends and Clients,
I write you today about the major Fed decision to raise interest rates and the recent wild stock market selloffs and volatility.
You won’t see the cost of mortgages rise much now. It’s only a 0.25% hike. But if rates continue their rise, it can only become more expensive to buy a home.
The stock market drop is interesting, and unfortunate if you own stocks. It could decrease wealth (and with it funds to buy a home) and/or cause a run to other “safer” assets, such as real estate.
And if you’re thinking of selling this year or next, here’s how this affects you now:
Your home will sell for its maximum price in 2016.
That’s according to many experts. The market is hot right now and hopefully will continue that way into spring.
Why is it so hot now?
Because of the shortage of homes for sale in San Diego. We call that “low inventory.” Have you heard the term?
With the low inventory, homebuyers are motivated to make offers and buy homes, with the added motivation to get ahead of the inevitable future interest rate hikes.
All this generates lots of demand for your home now.
As you may know, home prices in most neighborhoods went up considerably in 2015 and there’s a strong chance your home did too.
I recommend you check the current market value of your home.
I pay for access to all the local “MLS” data and you can get it for free on my website.
Click here to get an instant price update on your home.
(You get access to real local MLS data – it’s free for you!)
Enter your property address and you’ll get a recommended selling price range for your home based on the recent sales of your neighbors’ homes.
You may be happily surprised at your price – it’s likely to have gone up!
Now this website tool is just an estimate. So if you’re serious about selling your home, I can give you a very accurate asking price.
Call me at 858-457-KENT (5368) or reply to this email with details of your home.
Tell me about your kitchen, bathrooms, home improvements, and all the things you love. I know what a buyer will pay for it today.
And if you’re not interested in selling your home, I don’t blame you. We live in a fabulous neighborhood!
When I can ever be of service to you or a friend buying or selling a home, I’m here for you.
All the best,
This week’s crazy building is the Pirelli Tire Building in New Haven, CT.
Built in 1969, this bold-looking building is a love letter to the architectural style known as brutalism.
Like other buildings in this style, the Pirelli building is cold and imposing, with a facade consisting largely of raw concrete.
What makes this structure stand out from its brethren? Its upper bulk is separated from the bottom two stories, supported by only a few concrete slabs.
The Pirelli building is now abandoned, and the land is owned by the nearby Ikea. Sooner or later, they are likely to tear it down to free up space. Will they be tearing down an outdated eyesore or a bold, iconic part of history? Well, that’s in the eye of the beholder.
This week’s crazy building is the Aluminum Center in Houten, Netherlands.
This building is aptly named: It really is supported by a forest of aluminum columns. The 368 metal spindles suspend the main structure nearly 20 feet above an artificial lake.
And appropriately enough, it serves as an information center for the aluminum industry. (Side note: Who on earth visits an information center for the aluminum industry?)
The design has certainly brought the building some attention: it won first prize in the European Architecture and Technology competition.
The architect said that his goal was “stretching the imagination” and demonstrating the versatility of aluminum. That mission seems to have been thoroughly accomplished.
Buying a San Diego home? Search all homes for sale
A long time ago in real estate, there was a broker and individual agents. The broker owned the office and would direct the agents. It was sort of like a team structure, but it didn’t work very well.
After a while, the industry evolved into one consisting of individual agents. You, the buyer or seller, would work with one person, the agent, who would try to do every part of the transaction for you. Eventually, this model stopped working as well.
In recent years, the real estate industry has gotten a whole lot more complicated. The technology and the contracts involved are just too much for any single person to be able to handle. Nowadays, most of the best agents have decided that a team model is the best way to tackle real estate transactions. Teams tend to give superior service because there are so many skillsets working toward the same goal.
On my team, I have a handful of people who are very good at handling the paperwork involved when a home is bought or sold. I also have agents working underneath me, some who represent home buyers and others who represent home sellers. There is also a transaction manager of the team who handles all the minor aspects of your real estate transaction.
A team model is the best model because it allows for there to be experts available who work on every phase of your sale. You’re not lost in a shuffle — you’re cared for by a group of people who can get the job done quicker and with better service than anyone else!
If you need real estate assistance of any kind, please don’t hesitate to reach out to us. We would love to hear from you!