Silicon East Real Estate Blog
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Rico Rivera has been in the Real Estate industry since 2001. Today, Rico specializes in relocation for clients moving from the Bay Area to the Greater Sacramento Valley. "Making the right move for your family or business can have a generational impact, both on your finances and on your belief in yourself," he says.
Silicon East Real Estate Blog
3M ago
“I’m going to wait to buy a home until... [insert excuse here].”
That’s often the talking point we hear from those least informed and least qualified to advise us on real estate decisions: our neighbors, coworkers around the water cooler, friends (who are still renting), and others on social media (which is never a good place for sound advice!).
The justifications are varied, but also loop in a continuous cycle through the years and decades.
“I’m going to wait to buy a house until prices drop.”
“I’m going to wait to buy a house until mortgage rates drop.”
Or my personal favorite ..read more
Silicon East Real Estate Blog
1y ago
A lot of my clients are from San Francisco and the Bay Area but are now interested in relocating to Sacramento. Whether you’re thinking about cashing out by selling your home in the Bay and living an easier, slower (and more affordable) life in Sacramento or are looking to invest in real estate, Sacramento is a great option! Here are eight reasons why.
1. Parking, Traffic, and Flat Streets
In Sacramento, you won’t have to look for street parking nearly as long, and your daily commute will probably be much shorter (although we still complain about the traffic here). By th ..read more
Silicon East Real Estate Blog
1y ago
If you’ve sold a home in recent years in the Sacramento region, you’ve probably felt like you were in the driver’s seat, with buyers flocking to your listing and lining up to submit an over-offer bid. But that’s not always the case, and sellers have certain challenges and obstacles in more normalized markets.
Even now, in this a-typical market, defined by a listing inventory shortage and high demand BUT higher interest rates, there are certain pitfalls for sellers who do not pay attention (or listen to their Realtor!).
So, no matter if it’s a buyer’s market, a seller’s market, o ..read more
Silicon East Real Estate Blog
1y ago
Let’s be real - when it comes to selling your home, every single homeowner has one main goal: to end up with as much money in their pocket as possible.
And I completely understand, as a home is possibly the largest investment you’ll ever make for your family, and maximizing returns is what investing is all about!
So, when coaching homeowners before the sale, I often get questions about what items they should fix, repair, or improve before listing their property.
It’s a great question, as the last thing you want to do is invest thousands of dollars into a home repair (and deal with a ..read more
Silicon East Real Estate Blog
1y ago
As a Realtor in Northern California, it’s my job to understand not only current market conditions but rising demographic and economic trends that will affect our housing market long-term.
So, today I wanted to talk about the rise of Hispanic and Latino homeowners and how that trend will continue to evolve in Sacramento, NorCal, and the nation.
While the Hispanic and Latino population is growing rapidly, their interest in homeownership is growing even faster. In fact, according to the National Association of Hispanic Real Estate Professionals (NAHREP), Hispanic homeownership rates have ..read more
Silicon East Real Estate Blog
1y ago
To sell or not to sell, that is the question.
Homeowners have a critical choice this summer and the remainder of 2023, as they’re faced with a series of unprecedented market and economic conditions.
From non-ideal mortgage rates to low supply and the possibility of a looming recession, there is no perfect roadmap for where the housing market may go next. But one thing is for sure: Sacramento homeowners are sitting on record equity after nearly a decade of hot home price growth, and they’re wise to think about listing it for sale to cash in.
So, here are 5 considerations w ..read more
Silicon East Real Estate Blog
1y ago
There’s no doubt that the market is showing early signs of shifting, with buyers poking their heads out after a mortgage-rate driven hibernation and sellers looking to cash in on record equity this spring and summer.
But that doesn’t mean house hunters are without serious reservations, some of them warranted and some just based on perception or misinformation.
To that point, I saw a poll recently from a national real estate website that uncovered the top consumer concerns when it comes to buying a home these days.
To start with, consider that 10% of those polled had no major concerns ..read more
Silicon East Real Estate Blog
1y ago
Right now, Sacramento’s housing market is seeing somewhat of a revival, far earlier than recession forecasters and market crash doomsayers could even imagine.
Just like our beloved Sacramento Kings, the upstart Sactown housing market is upsetting expectations.
Despite mortgage rates that nearly doubled from early 2022 to 2023 (but seriously, rates are pretty good again!), the national narrative of a housing market meltdown with huge price reductions just hasn’t come to fruition in California’s capital city.
In fact, we’re starting to see early signs of a market rebound, with far more ..read more
Silicon East Real Estate Blog
1y ago
“Gentleman (and ladies), start your engines! Three-Two-One…GO!”
That may sound like the start of every Indy 500 or NASCAR race, but it also rings true for the Sacramento housing market this spring.
After a pronounced slowdown and 45% lower sales volume due to elevated interest rates, mortgage rates are starting to come down and buyers and sellers are getting active again.
In Sacramento, we’re already seeing far more buyers, more new listings, and even multiple offers and bidding wars again!
Of course, I’m making a comparison to what our hibernating housing market has looked like for the p ..read more
Silicon East Real Estate Blog
1y ago
As a homeowner, you want to ensure that your castle is not only a comfortable and safe space for your family, but the best investment you’ve ever made.
The good news is that whether you're planning to sell in the future or just want to one-up your neighbor, there are certain factors that can increase your home's value.
Today, I’ll break down some of the key factors for you today, and you can read about the factors to actually avoid – that will sink your home’s value – in our past blog here.
https://www.siliconeastrealestate.com/10-things-in-the-neighborhood-that-will-sink-your-h ..read more