Olivia Correa

10/31/2022

When it comes to renting, there are a lot of tricks and
only a few treats. And the biggest trick of all is that
you're already paying off a mortgage— just not your own. Plus some profit for your landlord—and you don't get any of the benefits. Now that’s spooky! 👻

Did you know that if you had your own mortgage, you would get all of the monthly money you paid back when you sell your home? But when you move out of your rental, your money stays in your landlord's pocket. All that lost money is way spookier than paying your own mortgage—or rising rates! No matter what when you rent the intests rate is always 100%

If you're paying off a landlord's mortgage instead of your own, start getting ready to buy a house. It sounds scary, I know, but you'll be giving your
future finances a big up. Start by working on your credit, and building up your savings.

And if you want some guidance or advice then no fear I’m here to help! Give me a call or DM.

10/17/2022

What to know about home shopping this fall. 1) Although more homes are on the market this season than fall 2021, there are still currently more buyers looking for homes than there are homes for sale. This means that if you're looking to buy, you might find yourself in a competitive situation. 2) You should keep in mind that having a pre-approval letter in hand before starting your home search is very important before you start house hunting. You want your search to include homes that fall within your qualified price range. Once you find a home and want to submit an offer you may miss out because going through the pre-approval process will delay that. 3) Decide in advance what you are willing to compromise on. If a backyard or attached garage are non negotiable, will you settle for a smaller kitchen? 4) Think about what you will do if you find yourself in a multiple offer situation. Will you be comfortable offering over asking? Are you flexible on close date? How much earnest money are you prepared to offer?

These are all questions I can help you answer during a buyer consultation. If you'd like to start planning your upcoming home search, DM me and I'll send you my complimentary fall home buyer check list to help you get started!

09/06/2022

Here are a few things to consider when you are preparing to sell your home…

1) How fast are you willing to move? If you are planning to sell, what is the next step? And are you ready to make a move if you get an offer right away?

2) What is your budget for a new home? If you're selling -and especially if you're selling for the first time -remember that you will be responsible for the costs involved with selling -including any necessary home repairs, closing costs, and moving expenses. I can help explain the costs involved in selling.

3) What will you need to do to prep your home for sale? If you've lived in your home for years and haven't made any updates, you may need to do some minor renovations -even in a market like this. I can help you understand what types of renos add value.

Once you've considered all three, send a DM, and let's get your home sold!

07/15/2022

Are we in a housing bubble? As a realtor, I keep getting questions and comments about whether or not we’re in a housing bubble.

Today Is Nothing Like 2008

Although we can’t precisely predict what will happen, we can see a vast difference between the 2008 market and today’s market. Still many are wondering whether today’s real estate market is going to end up like the 2008 housing crash. Here's why economists and industry experts say the housing market is not a bubble ready to burst.

Today’s market is different. Odeta Kushi, Deputy Chief Economist at First American, says:

"This is not the same market of 2008.... It's no secret the housing market played a central role in the Great Recession, but this market is just fundamentally different in so many ways.”

Natalie Campisi, Advisor Staff for Forbes, explains how today's lending standards are different than those during the lead-up to the housing market crash:

"Among the differences between today's housing market and that of the 2008 housing crash is that lending standards are tighter due to lessons learned and new regulations enacted after the last crisis. Essentially, that means those approved for a mortgage nowadays are less likely to default than those who were approved in the pre-crisis lending period.”

Another reason today's housing market is nothing like 2008 is that the number of people looking to buy a home still outweighs the supply of homes for sale. As realtor.com notes:

“…experts don't believe the market is in a bubble or a crash is in the cards, like during the Great Recession. The nation is still suffering from a housing shortage that has reached crisis proportions at a time when many millennials are reaching the age when they start to consider homeownership. That's likely to keep prices high.”

Bottom Line

Experts say the housing market isn't a bubble, and we're not heading for a crash. Let's connect so you can have a full picture of today's housing market in our local area!

07/10/2022

Did you know that a real estate agent does a lot more than just search for homes?

Check out this list of the many other things that agents do for their clients! 👇😁

1. Meet for a pre-listing consultation
2. Search and analyze comparable properties
3. Develop a pricing & marketing strategy, review mortgage, title, and HOA documents
4. Verify and prepare any disclosure documents
5. Keep you updated on market conditions
6. Help stage home or hire a professional stager
7. Create and execute a marketing strategy
8. Arrange and attend any pre-inspections
9. Coordinate showing appointments provide you with feedback after showings
10. Negotiate the offer attend the buyers' home inspection
11. Schedule an appraisal prepare for closing & attend to any issues
12. Follow up after closing
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07/07/2022

While it may seem like a good idea to get an online home value estimate—an estimate is only as valuable as the data behind it. No computer system is going to provide accurate information about your home value or offer you good advice on pricing your home to sell like a real estate agent who knows your local market and factors in upgrades or improvements that you made.

If you are wondering how much your home is worth, try to resist the urge to check the online estimates! I can run a comparative market analysis for you that will provide a more accurate estimate of your home value and equity.

Whether you're thinking of selling or simply just curious, feel free to drop me a DM and I'd be glad to send you your home value and a net sheet to help you come up with a plan to sell, rent out your home or decide if it makes sense to wait.

Your trusted realtor here to help make your home buying or selling milestones a better experience!

07/01/2022

Happy July! 🏖☀️🍉 Summer is heating up and this season’s real estate market is in full swing! 🏡 Check out your monthly to-do list: remember, you don't have to do it all but a bit of home maintenance each month goes a long way. Feel those summer vibes, relax and enjoy making new memories with your loved ones!

🏖 Create your summer bucket list
🧽 Clean between the windows and screens
👙 Update your closets with your must-have summer wardrobe staples
🌼 Plant flowers to brighten up your yard or outdoor space
🍹 Whip up a batch of your favorite summer beverage
💦 Change the water dispenser filter in your fridge
💡 Clean ceiling fan blades and replace lightbulbs
🧴 Stock your guest bathroom with extra toiletries
🧊 Replace your air conditioner filter
🛠 Organize your garage or tool shed
🌡 Invest in a smart thermostat to save on energy bills
🍴 Dine alfresco in your backyard or on a local restaurant patio
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06/26/2022

What are closing costs?
Closing costs are defined as the expenses, over and above the price of the property, that buyers and sellers normally incur in order to finalize the closing
of a real estate sale. Setting aside 2-5% of your
home's purchase price is recommended. Want to learn more, contact me today!

06/26/2022

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06/24/2022

TRUE OR FALSE: A home seller will always accept the
highest and best offer. Answer: FALSE! There are a lot of factors that impact whether or not a home seller will accept an offer on their home. For example: if your offer is contingent on the sale of your own home, the sellers may choose to accept a lower, all-cash offer. Sellers may also look at a variety of other factors. Remember: you can always message me if you have questions! 📲