Katie Pratt Realtor

NAR's annual report on foreign homebuyers was just released! Below are 3 slides from the NAR summary report - this is based on a limited agent survey, not hard sales data, so its numbers should be considered approximate, good-faith estimates.

Read on to learn more:
👉 https://loom.ly/3sKpY58

If you’re considering buying a house for the first time, you’ll want to learn about the potential benefits that come along with being a homeowner.

Here are some of the top reasons you should buy a house:

1. Long-term Appreciation Trends
2. Supercharged Returns
3. Mortgage Equity Growth

When it comes to building wealth, nothing beats homeownership! Dreaming of owning your first home but feeling hesitant to begin? Reach out to me at [email protected] and get started!

Just Sold! 🏡🎉Tranquil upper unit condo in a secluded part of the Shadow Woods community found it's next owners - a beyond sweet couple who are now in possession of this upper end-unit with canyon views from either of its 2 decks.

My clients were able to secure the property 15% under the median price for a 1-bedroom condo in Shadow Woods and with a VA Loan!

Congratulations, Zac and Larkin! Thank you both for your service and for trusting me every step of the way!

Home inspections are a fact of life. Unfortunately, home inspection scams DO exist. What to look out for:

1. Cold calls - You call them, they don't call you. Home inspections aren't free of charge and are often not discounted. In the Bay Area, many home inspectors offer online scheduling and the cost of the inspection is around $700 - 800.

2. No Certifications or Licenses - Always verify the credentials of the inspector by checking with relevant licensing bodies or professional associations (look for a NACHI-certified inspector). Legitimate inspectors will be transparent about their qualifications and willingly provide proof when asked.

3. Biased Inspectors - It's important to ensure that the inspector you hire is entirely independent and not affiliated with any contractors, real estate brokerages, developers, or repair companies.

4. Falsified Inspections - Ask to see a sample inspection report from the inspector. A thorough and well-documented report will provide detailed information about the property's condition, including both positive and negative findings.

5. Charging for Add-Ons Without Consent - make sure you ask for a detailed scope of work. While SOME larger home inspection companies handle pest and roof inspections, these inspections are ordered separately. Further investigation of major systems - such as structural/foundation work,electrical, roofing - is recommended to be completed by licensed specialists in their respective area of work.

Source: housebeautiful.com