How Does Our Home Enhance Program Increase Your Sales Profit?

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Today we are going to talk about a program that we started awhile back that allows sellers to flip their own homes. It’s called the “Home Enhance Program,” and we’re excited to talk to you about it.

What we do with this program is provide the seller all the resources to remodel, and even add to, their current home. We provide the capital, the architect, the construction crew, the Realtors, and more. We give you everything you need so it’s a hands-off approach, which results in sellers selling their home for a higher price and with a quicker sale.

 

Recently, a home we remodeled in Danville had a value of $1 million. We put in $200,000 of our own capital to remodel and do a small addition. We then sold the property for $1.5 million. We then take the $1.5 million, subtract the money we put in, and are left with $300,000 of profit, which we split 50-50 with the seller. With the home enhancement program, they get $150,000 more than they would have otherwise.

If you know of anyone who might be interested in this program, have them visit www.homeenhanceprogram.com. If you have any other questions, feel free to give us a call or send us an email. Until next time!

Why Is Now an Ideal Time to Make a Move in the Greater Bay Area?

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It’s been a while since I gave an update on the state of our market, so today I’ll share a few interesting trends we’ve seen recently. Back in September, I made a few predictions about what was to come in 2016.

I anticipated a healthy increase in prices and that is exactly what we’ve seen so far this year. Inventory is still low, so we can expect to see more appreciation moving forward.

 

Back in 2015, I predicted that interest rates would rise throughout 2016, but I was wrong. Even after we saw a rise in rates in December, rates have remained pretty low. In fact, Wells Fargo recently had a 30-year fixed mortgage with an interest rate as low as 3.5%, which is pretty incredible. Of course, this has a lot to do with the bond and stock markets and how they are related.

If you would like a more in-depth market analysis, or 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!

How Can You Avoid Paying Mortgage Insurance?

 Buying a Greater Bay Area Home? Search all Homes for Sale

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On a million-dollar home in our area, the mortgage insurance could cost up for $400 or $500 per month. So, how can you avoid a situation like this?

It's called an 80-10-10 loan. It's when you get an 80% first loan, a 10% second loan, and you come up with the remaining 10% in cash. This allows you to avoid the mortgage insurance because you're not paying the full cost. The second loan will probably be a slightly bigger interest rate, but it will still save you enough that it's better than paying private mortgage insurance every month.

If you have questions about this type of loan, please don't hesitate to contact me! I would be happy to discuss it with you.