Murrieta & Temecula Valley Real Estate and Community News

May 1, 2020

The advantages of professional listing videos

The advantages of professional listing videos

 

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All right guys, today we're here to talk about video. We are going to find out if it makes sense for you to have a professional video done on your home, why we do them in all of our listings, and why I think it's important.


All right, my name is Justin Short with RE/MAX Real Pros, I'm a realtor here locally, and I want to make sure that we're keeping you guys up to date on all the different marketing steps that we're taking and we're having success with here in our business, so let's go ahead and learn a little bit more about video. So professional videos is something you're seeing a lot more of out there, there are some agents out there that are doing them, they definitely would be the rarity, most agents do not. And today we're going to find out if it actually makes sense and if it's worth it for you to have a professional video done on your home, and why we do them for all of our listings.


So the advantages to video, well just like this, it's content that moves, right, people can see it, it's more engaging, people are more likely to watch that video than to look at a few pictures, get through three photos and then move on to the next home. So there's a longer attention span with video. The advantages are it allows your potential home buyer to be able to see your home out there online, be able to get a full walk on video tour, to take a look at kind of what that layout looks like from the dining room to the kitchen, see how open concept it is. Get a better, more panoramic view of the backyard as they're making that tour, incorporate some drone shots to be able to take a look at the property lines and see what type of spacing that is.


I think there's a lot of advantages for people to be able to see that, typically it's going to cut down on the amount of looky-loos they have come in through your home, that don't really know too much about your home, they just saw a couple of photos and want to go take a look at it. It helps narrow down that market to make sure people that are there tend to be a little bit more interested and a little more well-educated on your home. The downside for people, as I'm talking to homeowners, they don't realize that the agent is actually taken on the expense to pay for that video, so not all agents are willing to do that, and that is something that we do on each and every one of our listings.


So we put it out there, make sure we go the extra step and have that piece of marketing done, and we can take your video and run ads. So we can run targeted ads to your potential buyers, they're more engaging because they're video, it's moving, it's a better piece and something that we have more success with. So if you'd like a little more information on videos and if you think it's something that would be helpful to you or any other questions, feel free to reach out and hopefully we'll talk to you soon. Bye.

Posted in Selling Your Home
April 30, 2020

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Posted in Buying a Home
April 23, 2020

What are the best school in Murrieta and Temecula?

Are you interested in knowing what the Top 5 Rated Schools are in the Murrieta & Temecula Valley?

 

Okay guys, we are here, and today we are going to go over the top five schools in the Temecula and Murrieta Valley.

My name is Justin Short. I'm a real estate agent here with RE/MAX Real Pros. I want to make sure I give you all the information on why you might be thinking about moving to the area or what you love about the area already. Let's go ahead and jump into it.

I'm not sure if you already live here in the Murrieta and Temecula Valley or you're just thinking about making the move out this way, but obviously it's a great community. It's newer and a lot of people are continuing to move here. And one of the big draws is the great and awesome school districts. Temecula Valley school district and Murrieta Valley school district are both ranked super, super high. They have high achievement scores, high testing scores, and it's really one of the most desirable reasons why people want to move here to the area.

There's a lot of great schools out there, but here today we're going to rank the top five as according to schooldigger.com. They do all the research out there. They get the test scores, rank them, look at class sizes. And so hopefully this will be useful for you as you guys are doing your home search.

Number one, the top rated school here in the area is the Red Hawk Elementary School. Location is awesome. They're down in South Temecula, which is south of Temecula Parkway right there in the Red Hawk area. They rank super, super high and they're actually the number one here in the area.

Number two is the Great Oak High School. That is also here in Temecula school district. That's again in the South Temecula area, which is south of Temecula Parkway. That's a super desirable area. A lot of people will actually move there just for their kids to be able to go to high school there. So they'll be here four years and then they'll move out. So Great Oak High School, number two rated school here in the area.

Number three, that is the Alamos Elementary School. That's actually also the Temecula school district. It's kind of interesting because it's located in the city of Murrieta, so you can actually live in the city of Murrieta, Murrieta postal at least, and still be assigned to go to that school in the Temecula school district. So kind of interesting. That's kind of rare for here in the area. So not actually in Temecula city limits.

School number four is the Cole Canyon elementary school. That is here in Murrieta. That's the first school that is in the Murrieta school district. It's actually located on the west side of Murrieta, so for kids that live in the west side of Murrieta. And that would be the number four school here in the Valley.

School number five on our list is the Vista Murrieta High School. That is the first high school here that's on our list in the city of Murrieta, in the Murrieta school district. They're ranked super highly. They have really highly ranked sports teams, they're super competitive in CIF championships games, for all types of different sports. They're ranked number five here in the area.

That's our top five lists here in the area. There's a lot of great schools that are out there. You may have a different opinion if you already live out here, so if you want to tell me more about your opinion, if you think I missed something or if you'd like more information about the school district lines, or to see if a certain house would be a right fit for you to make sure your kid can go to the right school, more than happy to help, so you feel free to reach out anytime. Hopefully this was helpful and hopefully talk to you soon.

Posted in Community News
March 11, 2020

Should I Sell My Home To OpenDoor or Zillow?

Are you wondering if you should sell your home to OpenDoor, Zillow? If so, watch this video to get some information on these companies and the other iBuyer Platforms out there!

 


Hey guys. Hey, we're here today to answer your questions and today the question is, should you sell your home to Opendoor or Zillow offers?

Hey, my name is Justin Short. I'm a real estate agent here with RE/MAX Real Pros and we want to make sure we answer your questions today and keep you educated on what's going on out there in the real estate market. So let's go ahead and get into it. So by now, you've probably seen these companies, you've heard of these companies, you're kind of curious what they're all about. They're spending a lot of money on advertising. They're putting their name out there. So there are many companies out there. They could be Opendoor, it could be Zillow Offers, it could be Offer Now. There are many of these different companies that they're considered iBuyers. So what they are, they are investors, they are cash buyers. They're going to come in and buy your home cash as-is. You don't have to do anything. You don't have to do any repairs.

You just sit there. You'll be able to sign the paper and be able to move on. So there are some definite pluses that they're going to advertise. You're going to see they're going to have flexible closing dates. So you can close typically anywhere between the next two weeks, so the next 14 days, to the next 90 days. So you have a lot of flexibility as a home seller. They're also cash buyers, so you're not getting financing. You don't have to worry about dealing with banks, things like that, and then you also don't have to worry about showings and putting it on the traditional market. So people aren't kicking you out at dinner time to come to take a look at your home. You don't have to worry about open houses, all that. Although those are pluses, I really think there are a lot more negatives to dealing with an iBuyer.

The cons of selling a home to Zillow Offers or Opendoor is really it's the amount of money that you're going to put in your pocket. So a lot of people don't realize this because they're not keeping up on where home values are, what their real, true worth is to their home, how much equity they have, but with the way it works is you'll get an offer from a company. Let's say your home's worth $400,000 right? And they'll come in and they'll say, "Hey, we're, we're a big company. We're going to come in. We'll pay $385,000 for it right off the bat." Right? So you as a homeowner, you may say, "Hey, to give up 10, 15 grand of equity, that may make sense. I don't have to deal with showings, I don't have to deal with agents coming in."

All that type of stuff could be a great option for you, but there's a lot of fine print. So once you get that offer, you've got to read the fine print at the bottom. They're going to have big fees. So they're going to have on top of that low offer, they're going to have typically an 8% service fee. Then once you come down to home inspection time, they're going to charge you a certain amount of money for repairs. From what I've seen, those are anywhere from 10 to $15,000 depending on the home and that adds up pretty quickly.

So as you're going through it, most sellers they are looking at, they're going to net anywhere between 30 to $40,000 less by using one of those big companies. So yes, you have the convenience. If you're not worried about saving the money and maximizing the equity, it could be a good option. But most people, your home is your biggest investment. You're not going to be willing to do that and you really want to get the most money you can by putting it out there on the open market. So if you guys have any other questions, you can feel free to reach out and hopefully, you found this helpful!

Posted in Selling Your Home
March 5, 2020

January 2020 Housing Market Update For The Murrieta & Temecula Valley

If you're interested in knowing what's changing in our Housing Market here in the Murrieta & Temecula Valley, take a look at this video:

 

 

Hi guys! Hey, today we are here to go over your January 2020 real estate housing market update. Hey, my name is Justin Short with RE/MAX Real Pros. I'm a realtor here locally, and I want to make sure that we're keeping you up to date on all the different happenings out there on the market and keeping you updated on what's going on. So let's go ahead and get into the video.

 

As we've transitioned out of the first of the year, out of the holidays, into kind of the general start to the year, we've really seen things pick up here in the real estate market. So in general, it's definitely becoming more of a seller's market. There's not as much inventory out there, and homes are selling quicker and they're selling for more money than they were even just a year ago. So rates are down, there's a lot of buyers out there. And so if you are looking to make that move, it really, I think it could be a good time over the next couple of months to go ahead and make that transition.

 

So what I did is I pulled stats for the city of Temecula, city of Murrieta, city of Winchester, and city of Menifee to get a general idea of what's going on here in the market. So the biggest thing is pricing. Right now, we've seen pricing up over the last year on average, right about four percent, so that's a pretty significant increase, especially as a lot of people are waiting for the market to dip, waiting for that crash to happen. And it's really, it's not coming. Rates are very, very low. The market's been very, very steady. Homes are definitely selling, and as you can see, pricing is definitely up, about four percent on average.

 

Okay. So and the second stat that we track is the average days on market. So what that means, that's how long the average home is taking to sell. So last year, 2019, we were getting up to about 50, 52, 53 days on average, which is almost two months. So that's becoming a very normalized market, like between buyer and seller, right? Not super hot seller's market, but not a super cold buyer's market. So very normalized. But what's changed this year with where inventory is, there's not enough homes for sale. So because of that, the average home is selling faster. The average home is selling about 32, 33 days, so about one month. So almost half as, well, twice as quick as they were just a year ago. So what that means is there's not enough homes for sale and the homes are definitely selling quickly, at least the good ones, the ones that are updated and the ones that are finished well and that are presented well.

 

And then the third stat that we like to track is the months of available inventory. So what that means is that if there were no more listings that were put up on the market and out of the available homes that we have, how long would those homes take to sell? So about a year ago, we were up to a little over three months, like 3.3 months. So if no more homes were listed, it would take a little over three months for us to run out of homes. This year, that's changed significantly. We're actually under two months worth of inventory. So what that means, less than two months would it take for all the homes out there to sell. So what that's telling us, it's trending down. It's becoming more and more of a seller's market. There's not as much inventory, there's not as many homes available. And so if you're a buyer, you might have to be a little more aggressive with price wise. You might have to maybe up your pricing a little bit more. You might be more likely to be in a multiple offer situation.

 

What that means as a seller, you'll probably start seeing a little more appreciation over the next couple of months, just because there's not enough homes out there, not enough competition. So hopefully you guys found this helpful. Hopefully this helps you keep a pulse on what's going on out here in the area. If you have any questions, you can feel free to reach out and would love to provide a little more.