Your Move Monthly: October 2015

October 30, 2015

Your Move Monthly is your South Placer County real estate resource presented by the Bishop Real Estate Group. In this month’s newsletter, you’ll find out about our monthly giveaway, some information on sellers, and our “Meet a Team Member!” If you have any questions about anything in this newsletter or if you’d like more information, contact us at (916) 458-5488 or BishopTeam@TBREG.com.

Real People.
Real Lives.
Real Estate.

Our Giveaway

November’s prize:

$100 Nordstrom Gift Card

Monthly Giveaway Details: Each month we give away a fabulous prize to one lucky winner. These prizes will include tech gadgets, tickets, and gift cards.

4 Ways to Win--or do all 4 for 4 chances to win!

Attend one of our open houses (check our blog for weekly open house times and dates)
Download our app (send us a message to tell us you did it!)
Contact us and we'll add you to our email distribution list (don't worry, we only email occasional market updates and a monthly newsletter so we won't overload your inbox!)
Request a free home valuation report on our website (click here)

Drawing will be on December 2, 2015. Winner will be notified via email.

Seller Carry

You may have heard this term before although it’s more commonly referred to as seller financing. This simply means that the seller may be willing to carry the loan/finance all or part of the purchase. In short, it’s like a private loan. This may be a great option for a buyer who has a less than stellar credit score and is unable to receive traditional financing.

Obviously, seller financing is not an option for all or even most sellers but if the seller is in a position financially to carry, this type of private loan can be beneficial to both sellers (who will make more money on interest than having it sit in the bank) and buyers (who are able to finance their dream home). Many times, this loan comes at a higher interest rate and can be short term until buyers are able to refinance to a conventional loan with lower interest rates, although it varies case-by-case.

About the Seller in 2015

FAST FACTS
Percentage of First-Time Sellers: 40
(up from 25% in 2014)
Most Useful Website: Zillow (25%)
(followed by Redfin- 14%, Realtor.com- 14%, and Trulia- 4%)
Biggest Concern: Getting a Good Price (47%)
(other concerns: selling quickly, finding a new house, selling house, and finding a qualified buyer)
Percentage Planning on Buying Another Home: 53
(in 2010, this number was less than 35)
Percentage who did Not Use an Agent: less than 3
(this percentage has remained under 5 for the last 3 years)
Percentage of Sellers who Moved Out of State: 21
(down 23 percentage points from 2014)

SOURCE: California Association of Realtors® “Understanding California Home Sellers,” September 24, 2015. Oscar Wei.

Inspiration

“A diamond is merely a lump of coal that did well under pressure.”
– Unknown

6655 Indian Oaks Lane, Loomis 95650

5 - 6 Bedrooms | 5 Bathrooms (3 Full, 2 Half) | Approx. 4,859 Sq. Ft.

Traditional home set on 3.9 peaceful acres in Loomis is minutes from freeway access, dining, shopping, schools and within the award-winning Del Oro School District. The home was built to capture the serene country views and create a fluid indoor/outdoor entertainment space including a swimming pool, spa, patios, outdoor shower, half bath that can be accessed from the yard, and more. The versatile, usable land has PCWA irrigation water option and room for a pond, orchard, vineyards and/or horses. MLS# 15055998
Offered at $1,225,000

Lorisa joined the team in February of this year, but has been a Keller Williams agent since 2007. In the months since joining, she has grown her business and become a tremendous asset to our team dynamic.

How long have you been working in real estate: Since 1991 (24 years!)
Favorite thing about working in real estate: It's flexible and the fact that I'm an integral part of a family's life during a transaction is an honor and a responsibility I take seriously. I love it!
Three adjectives that describe you: Sincere, honest, and reliable
Best advice you ever received: “You can do anything you set your mind to - just keep God first and it will all fall into place.” Grandpa & Grandma
First job: Supervisor at Burger King
Something about you that would surprise people: I was raised on a dairy farm in Northern California
Mac or PC: Mac
Coffee or tea: Coffee in the morning, hot tea at night
Starbucks order: Grande Americano with 2 raw sugars and cream
Favorite thing to cook: Fresh caught King salmon on a salt block with roasted asparagus and rice
Favorite escape: Avilla Inn - Avilla Beach, CA
Guilty pleasure: Chocolate and a glass of Todd Taylor 2011 Cabernet Sauvignon, Clone 8 Hagen Heights Coombsville
Fantasy job: Golf Pro