Information about Homeowner Tips | Selling Dana Estates - Updates for the Dana Estates Neighborhood in Concord, CA

I enjoy reading smart people and Jay Voorhees at JVM Lending is a smart guy. He writes this:

… Here is my point: efficient markets theory applies to housing too, which means that subsidies in any form will usually drive up the price of housing.

And very low rates fostered by the gov’t policy are a subsidy of sorts, and they will push up the price of housing – again.

In the short run, lower rates are definitely a gift for most borrowers, but over the long run, housing prices usually adjust to reflect the impact of lower rates.

We are seeing a huge surge in demand for housing now, driven by pent up demand from buyers who were on the sidelines b/c of COVID-19 and by demographics overall.

But another reason demand is so strong is low rates, and we are already seeing the results.

July Bidding Wars Jumped 5x From 2019, according to this article from National Mortgage News.
Why Low Rates Are BAD For Homebuyers

Bottom Line

Demand for housing is strong in the East Bay. Some clients are moving out of denser areas and moving to our area for outdoor space, a bigger house, and for better schooling options in a Covid-impacted world.

For Buyers

If you are thinking of buying a home, be prepared to write a strong offer and to face competition. Make sure you have your financing lined up and that you are working with an experienced real estate agent.

For Sellers

With high demand and low rates, buyers are competing for well priced homes. It is a great time to sell your Dana Estates home!

Peter Maclennan
Broker
DRE#: 01801793
925-385-8798

Don’t get all wet. Prepare for the rainy season while it’s dry.

According to USClimateData.com, Concord, CA and Dana Estates average over 16 inches of rain per year. The majority of that rainfall arriving between November and March each year.

We know. The last thing you are thinking about at the summer barbecue is preparing for the stormy season. But it really is worth taking a look around your house during fair weather, because finding out you have a problem during inclement conditions is at best inconvenient and at worst very costly.

“An ounce of prevention is worth a pound of cure.”
Benjamin Franklin, 1736

Tips to Get Ready for Rainy Season

Check your rain gutters.
Clear them out and make sure they are in good working order to prevent damage to the roof or house.

Look at your roof.
If you see loose or damaged shingles, get them repaired. Look for tears and buckling on flashing. Check the chimney and look for damaged bricks, cap or cracked joints. Don’t forget the flashing there too.

Check indoors for signs of roof leaks.
Look for discoloration and peeling paint on ceilings and walls. Check in the attic for damp rafters.

Check the trees.
Trim back branches and cut sections that could fall in a rainstorm.

Check doors and windows.
Make sure there are properly insulated with weather stripping.

Look for water collecting at the base of the house.
Redirect water with trenches or drains away from the foundation of your home.

Keep sandbags on hand.
If your area is prone to flooding, keep them filled and at the ready.

Check for erosion.
This is important if you live near a hillside. Shore hillsides up if necessary.

If I can connect you to a professional to assist with any of these tasks, please reach out to me.

Having a knowledgeable and experienced real estate broker on your side helps protect your interests and ensure you make the best possible decisions. We are dedicated to keeping on top of the real estate market and keeping you informed of changes. You can rest easily knowing you made a well-informed decision based on experience and insight into the Concord California market.

Historic Low Rates… Bad for Homebuyers?

Bottom Line

For Buyers

For Sellers

Get Ready for the Rainy Season | Dana Estates Real Estate

Don’t get all wet. Prepare for the rainy season while it’s dry.

Tips to Get Ready for Rainy Season

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