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Celina Vazquez

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Celina Vazquez Broker
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Licensed In: CA
License #: 01736989

Wednesday, February 20, 2019

7 Things Buyers Notice as Soon as they Walk In By Celina Vazquez

Buyers notice everything – good and bad. From the moment they walk in the front door, they are trying to determine if this is the right home for them and their family. If you have your home listed for sale, paying attention to what the buyers notice can mean the difference between an offer and a missed opportunity.

7 Things Buyers Notice as Soon as they Walk In
1. Light – A bright home is inviting. Make sure you fill your home with lots of natural light or a soft evening glow.
2. Smell – Nothing is less inviting than a strong odor. Even candles and air fresheners can be overwhelming. Less is more and make sure nothing unpleasant is lingering.
3. Space – Remove any unneeded furniture and offer a spacious home which flows.
4. Ceilings – Of course, you can’t make your ceilings higher, but make sure they are free from water stains because buyers will look up.
5. Pictures and Personal Items – Remove personalization as much as possible so the buyers can imagine their family in the home.
6. Outdated Furnishings and Fixtures – If your home is filled with hand-me-downs, consider a professional stager. Old wallpaper or outdated paint colors should be replaced as well.
7. Dirty, Grimy Rooms – Most important, clean everything thoroughly. Nothing is less appealing than a dirty home.

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Tuesday, July 24, 2018

5 Things NOT to do When Staging By Celina Vazquez

Staging a home for sale is the most misunderstood process in home selling. Creating the right atmosphere in the home, one which invites potential buyers to linger is much more than this. When creating the right scene, it’s just as important to know what NOT to when staging the home.

1. Neglecting the Deep Clean – A clean and fresh home is the very first step. If the home smells like last night’s dinner and there is cat hair in the corners, regardless of what else you do, it’s not going to sell.

2. Leaving the Clutter – Of course you’re still living in the home, but it shouldn’t necessarily look like it.

3. Keeping Personal Photos In View – Again, the goals is to create a blank canvass on which the buyers can imagine their own belongings.

4. Bright Colors – You might enjoy the purple wall and orange carpet, but your buyers will find them distracting. Neutral accents are always better.

5. Over Accessorizing – Too much of a good thing is a bad thing. Too many candles, throw pillows or furniture will just distract attention.

Consider investing in a professional stager who can help make your home shine

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Monday, July 9, 2018

The Worst Mistakes You Can Make As a Homebuyer By Celina Vazquez

Buying a home is typically the largest financial transaction most people make in their lifetime. The last thing you want to do is make a mistake, one which could cost you time and money – often a lot of money. These are some of the most common, and worst, mistakes you can make when buying a home.

• Not doing your homework in advance – Before you do anything else, do some preliminary research and get a pre-qualification letter before you start shopping for your new home.

• Changing Jobs or Buying Big Items – Once you’ve decided to buy a home, it’s critical not to change your circumstances, such as a new job or large credit card purchase.

• Calling the Listing Agent Directly – It might be tempting to try and get a “better deal” by working with the listing agent rather than using your own agent. This is not true; the listing agent works for the seller and does not represent your interests.

• Accepting Everything at Face Value – Always ask questions and investigate everything, including getting a thorough home inspection. Buying a home is exciting, but the most important thing is to consider the details and think everything through before jumping. By understanding some of the mistakes buyers make, you can avoid them.

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Thursday, March 16, 2017

Which Homes Have Appreciated the Most?

Which Homes Have Appreciated the Most? - Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.

The CoreLogic report broke down appreciation even further into four different price categories:

Lower Priced Homes: priced at 75% or less of the median
Low-to-Middle Priced Homes: priced between 75-100% of the median
Middle-to-Moderate Priced Homes: priced between 100-125% of the median
High Price Homes: priced greater than 125% of the median

Here is how each category did in 2016:

Which Homes Have Appreciated the Most? | MyKCM

Bottom Line

The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.

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Monday, March 13, 2017

How to Get the Most Money When Selling Your Home

How to Get the Most Money When Selling Your Home - Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

1. Price it a LITTLE LOW

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In reality, this just dramatically lessens the demand for their house (see chart below).

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead have multiple buyers fighting with each other over the house.

Realtor.com gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive, as the seller likely believes that he or she will net more money if they don’t have to pay a real estate commission. With that being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

Research posted by the National Association of Realtors revealed that:

“The median selling price for all FSBO homes was $185,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $163,800. However, homes that were sold with the assistance of an agent had a median selling price of $245,000 – nearly $60,000 more for the typical home sale.”

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.

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Tuesday, March 7, 2017

The Connection Between Home Prices & Family Wealth

The Connection Between Home Prices & Family Wealth - Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. If we look at only the projected increase in the price of that home, how much equity will they earn over the next 5 years?

Since the experts predict that home prices will increase by 4.4% this year alone, the young homeowners will have gained $11,000 in equity in just one year.

Over a five-year period, their equity will increase by nearly $43,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!

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Thursday, March 2, 2017

Mortgage Rates Impact on 2017 Home Values

Mortgage Rates Impact on 2017 Home Values - There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.

The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are all projecting that mortgage interest rates will move upward in 2017. Increasing interest rates will definitely impact purchasers and may stifle demand.

In a recent study of industry experts, “rising mortgage Interest rates, and their impact on mortgage affordability” was named by 56% as the force they think will have the most significant impact on U.S. housing in 2017. If rising rates slow demand for housing, home values will be impacted.

To this point, Pulsenomics, recently surveyed a panel of over 100 economists, investment strategists, and housing market analysts, asking the question “In your opinion, at what level will the 30-year fixed rate mortgage rate significantly slow home value appreciation?” The survey revealed the following:

Bottom Line

Most experts believe that rates would need to hit 5% or above to have an impact on home prices.

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