September is here, and with it comes cooler evenings, beautiful Fall colors, back-to-school routines, football and basketball season, and all the things that make fall one of my favorite times of
Dated: July 31 2024
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Hello, and Happy Tuesday!
I hope your having a great start to the week and enjoying the much needed cool down were having before it warms back up again.
Wanted to quickly pop by and share some good to know tips whether you own a home or looking to buy or sell one, for when you’re ready to take the next step in finding your Forever Home.
Should you make repairs before you list your home for sale? In a fast-moving housing market, you may conclude that you don’t need to do much to sell your homes. But, selling a home “as is” may cost you more than you know.
Market Update: Lodi, CA
Wed Jul 31 2024
Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
What can you expect when buying a home in Lodi?
Here's an overview of what you can expect to buy in Lodi, CA, along with the associated price ranges and property features. If you find a price range that suits your needs, now is an excellent time to consider buying or selling a property.
Market Segments
Each segment represents approximately 25% of the market, ordered by price:
Segment 1 - Median Price: $1,149,950 - Square Footage:** 2,453 sq. ft. - Lot Size:** 2.5 - 5 acres - Bedrooms:3 -Bathrooms: 3 - Age:33 years - New Listings: 2 - Absorbed Listings:1 - Days on Market (DOM):** 77
Segment 2 - Median Price: $758,069 - Square Footage:2,639 sq. ft. - Lot Size: 4,500 - 6,500 sq. ft. - Bedrooms: 4 - Bathrooms: 3 - Age:9 years - New Listings: 1 - Absorbed Listings: 3 - Days on Market (DOM): 42
Segment 3 - Median Price:$617,475 - Square Footage:1,912 sq. ft. - Lot Size: 4,500 - 6,500 sq. ft. - Bedrooms: 3 - Bathrooms: 2 - Age: 50 years - New Listings:7 - Absorbed Listings: 4 - *Days on Market (DOM):28
Segment 4 - Median Price: $465,000 - Square Footage: 1,285 sq. ft. - Lot Size: 4,500 - 6,500 sq. ft. -
Bedrooms: 3 - Bathrooms: 2 - Age: 62 years - New Listings:6 - Absorbed Listings: 4 - Days on Market (DOM):*38
If any of these price ranges align with your budget and preferences, let's discuss further. This is a fantastic time to make a move in the real estate market!
Shop Luxury Homes Here: Lodi CA Real Estate & Homes for Sale | Berkshire Hathaway HomeServices Drysdale Properties - Lodi (bhhsdp.com) |
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Your listing contract will include a clause that says the home is being conveyed “as is,” which means you’re selling the property in its current condition with no intention to make repairs or improvements. That doesn’t absolve you of responsibility to the homebuyer—you’ll still have to provide a state-mandated seller’s disclosure attesting to what you know about the home’s condition.
If the buyer includes a home inspection contingency in the sales contract, it allows them to come back and ask for repairs before closing or they can ask for a price reduction. You can refuse, and the home will go back on the market, wasting precious marketing time. In the event that the buyer intends to tear down or gut the home, the sales contract can be drafted without an inspection contingency or it can be contingent to major systems only.
There’s also a stigma to selling “as is” which means the buyer is purchasing the property sight-unseen and will likely make a much lower offer—if they make one at all. Your home could stay on the market longer than you want, leaving you obligated to manage expensive carrying costs, including the mortgage, home insurance, HOA fees, utilities and taxes. |
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Summer Home Décor
What pops into your mind when you think of summer? Sunshine? Vacations? Oceans, lakes and swimming pools? Watermelon and pineapple? You can make your home as relaxing as a spa, as cheerful as a sunny day, and as refreshing as an oasis. Here are some suggestions to get you started turning your home into your very own resort destination:
Color Summer colors are bright, bold and happy. Think about your favorite fruit in season. The spectacular lavenders and corals of sunrises and sunsets. The saturated greens found in meadows and grasses grew lush from spring rains. The sky, blue as a robin’s egg, salted with pillowy clouds.
Indoor-outdoor merging Don’t be afraid to go big with plants on the floor, the tables, and on the walls, especially with a collection of beautiful boho containers.
Landscape lighting around the pool, on the trees, and the fence line is an excellent way to enjoy the indoor-outdoor experience. Add solar-powered walkway lighting and festoon arbors with glowing lanterns.
Design a romantic walkway through a plush garden of roses, gardenias, tuberoses and other fragrant and beautiful plants.
Resort-style pampering The trend that hotels began a few years ago was to make travelers feel like they’re in their own homes. The Papernstitchblog.com suggests that today people want to feel as pampered at home as they are at fine hotels and resorts.
Along with a few home décor ideas already mentioned above, the blog recommends hotel-style amenities for your home, such as canopy beds with crisp white linens, soaking tubs, and showers with rain heads.
The trend is called endless summer, and you’ll love everything you do to bring summer to your home all year long. |
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You may think you don’t need a first-time homebuyer’s certificate, but it’s a good idea to take a few hours to obtain one. A certificate shows you’ve completed educational requirements to prepare you mentally and financially to buy a home. Plus, completion of a course may make you eligible for some first-time homebuyer assistance or income qualified programs such as grants, down payment assistance, and zero interest loans.
Getting certified is easy as long as you make certain that the course you’re taking or the counseling you’re receiving meets the National Industry Standards for Homeownership Education and Counseling.
Coursework will typically include:
How to budget for a home you can afford.
Learning all about mortgage loans and interest rates.
How to navigate the homebuying process.
Property maintenance, taxes, and other ongoing costs.
Local, state and federal housing laws.
How to avoid foreclosure.
*If you'd like more information on this simply hit reply to this email and I'd be more than happy to connect you to the right resource |
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Thank you for taking the time to read this email.
If you or anyone you know may benefit from our services please feel free to share my contact information.
I'll be out showing properties all week, don't hesitate to call my cell if you need anything.
Have a blessed day! |
| Lodi CA Real Estate & Homes for Sale | Berkshire Hathaway HomeServices Drysdale Properties - Lodi (bhhsdp.com) |
![]() If there is anythng in the world that we can do for you! just let us know! Eric Fideldy 209-898-8619
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About Me:With a name synonymous with integrity and trust, I, Eric Fideldy, am proud to be part of the renowned Berkshire Hathaway HomeServices Drysdale Properties and the "DREAM HOME" Team. My unwaver....
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