Marin County Real Estate Market Blog | Marin Market Trends

NARODNY

Weekly Marin Real Estate Roundup

January 19, 2018

Weekly highlights

Please respond for info, pictures, or a private showing

  • Pick of the week: 19 Shell Rd, Mill Valley. 4 BD/4 BA. Gorgeous design, full remodel 12/2015. All Mill Valley has to offer, skip the traffic! Mins. to 101. Calcutta marble island/bar. 2BD, 2BA on main level. $2,495,000.
  • New: 16 Hillcrest Ct, San Anselmo. 4 BD/2 BA. Spacious contemporary view home in desirable San Anselmo neighborhood. This tastefully updated mid century home features a designer kitchen opening to dining & living rooms adorned with walls of glass, providing views and a cheerful setting. $1,050,000.
  • New: 37 Milland, Mill Valley. 2 BD/3
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Although you should probably keep your distance from anyone that says they can predict the market perfectly, there are certain financial indicators that can help forecast buyer and seller behavior and its effect on home prices. The new tax law has everyone on edge. No one knows what this law will do to buyer demand or inventory levels. However, Keeping Current Matters and CoreLogic have done an amazing job compiling data into two infographics that will help your everyday consumer understand its effects. 

Predictions on 2018 prices without new tax law enacted:

Adjusted predictions with new tax laws enforced:

 With or without a new tax code, appreciation is in site. With continued low rates, it is still an extremely good time to buy or

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Multiple offer scenarios are extremely stressful. The process is saturated with uncertainty and frustration. If you are planning to submit an offer with a pool of others, identifying the right price to get the house is very difficult. You don’t want to overpay, and you definitely don’t want to lose out by a hair.

The thinking process is different if you aren't emotionally attached to the house in question. For this exercise, let's assume you really want this one. This is your baby and you’ll stretch as far as your financial comfort zone allows.

Picture a price in your head that you can see yourself offering. To manage your expectations properly, here are two future hypothetical scenarios you want to avoid as it relates to your offer price:

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Most sellers have strong opinions on allocating money towards staging costs.Is placing some furniture in the home really going to make a difference in the sale? Are those miniature soaps and potpourri going to bring in offers? Keeping Current Matters has developed a helpful infographic to tell us how important staging can be:

You can find more info on National Association of Realtor's profile on home staging.

On a personal note, staging is usually effective in luxury markets. Staging will fulfill a void in a buyer's imagination and recognize a space's potential. Giving buyers the ability to visualize themselves in a beautifully furnished space will translate to a higher value for the home. For a free consultation and see if your home would

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NARODNY

Weekly Marin Real Estate Roundup

January 12, 2018

Hi Alex,

Welcome to the Marin Real Estate Roundup, the #1 resource for Marin County buyers and sellers.


Weekly highlights

Please respond for info, pictures, or a private showing

  • Pick of the week: 292 Via La Cumbre, Greenbrae. 3 BD/3 BA. True pride of ownership in this fantastic family home. Tastefully remodeled, located just up from the flats of Greenbrae. $1,495,000.
  • New: 80 Matilda, Mill Valley. 3 BD/2 BA.Wonderful curb appeal for this white picket fence corner home in Sycamore Park! Mature landscaping surrounds this home featuring formal living and dining as well as a family room. $1,325,000.
  • New: 333 Locust, San
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The Narodny Team is VERY excited to be #1 Team for Transactions in 2017. Thanks for all the love and support from everyone, especially my amazing clients.

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Demand has outweighed supply for the past 4 + years. In a market with many competitive offer situations, the list price can become an arbitrary number. In the Bay Area especially, it’s common for homes to go far beyond the value of neighborhood comps.

Why do we care?

If the winning buyer is obtaining a loan, this means they also likely need to get an appraisal to verify the value matches up with the purchase price. In an appreciating market, sometimes these appraisals come up short. When appraisals come in below the purchase price, the buyer has the option to exit the transaction or re-negotiate. Although this does not always apply if the buyer is paying cash or has a “no contingencies” offer, it’s worth paying attention to.

How do sellers

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Ahhh yes, the tempting For Sale By Owner. Many sellers, especially in today’s market, believe they can do our job for free. “I’ll just take some pics with my phone, plop it on Zillow, how hard can it be? Psh, piece of cake.”

Courtesy of Narodny Team and Keeping Current Matters, listed below are only a few of the many reasons why FSBO’s now represent only 8% of the country’s homes on the market (a portion of which actually sell):

  • Most homeowners think they have the nicest house on the block, and usually list a price to reflect that sentiment, driving buyers away.

  • Not understanding how to market a home will drastically influence the end price received.

  • It helps to have an advocate who knows what finishes and home designs the

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Since when did getting a mortgage become synonymous with an FBI background check? Why do they need so much paperwork? Is my lender watching me right now?

According to Keeping Current Matters, there are two reasons why getting a mortgage requires more effort today:

  • The bank has set new guidelines that requires the lender to prove, beyond all reasonable doubt, that buyers can afford to pay their mortgage.  A product of the housing crisis, this ensures that strict qualification standards are met to avoid another 2008 catastrophe.

  • The banks don’t want to be in the real estate business. Since 2008, the banks have had the burden of taking on millions of foreclosures and short sales. The new guidelines are a safety net against a repeat

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What's happening in Marin real estate this week.

NARODNY

Weekly Marin Real Estate Roundup

December 8, 2017

Hi Alex,

Welcome to the Marin Real Estate Roundup, the #1 resource for Marin County buyers and sellers.


Weekly highlights

Please respond for info, pictures, or a private showing

  • Pick of the week: 2 De Witt Ave, Ross. 6 BD/10 BA. Rare offering for incredible grand Ross estate on nearly 2 flat acres in the heart of town. $18,500,000.
  • New: 1140 Bel Marin Keys, Novato. 3 BD/3 BA. An entertainers dream with unbelievable Water views open floor plan. Formal Living & Dining Rooms. Kitchen has counter dining and Great/Family Room.. $1,135,000.
  • New: 222 Alder Rd,
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