A buyer's closing costs can range from 2-5%. These costs include your lender fees, escrow fees, notary, document fees, courier charges, prepaid taxes, HOA dues and mortgage interest. On a smaller purchase price (i.e. $100,000) these fees can be closer to 5%, on a larger purchase price ($1,000,000) these costs can be closer to 2% (there is some economy of scale).
I don't know what the average amount buyers are paying - depending on your market, if there are multiple offers, then seller's don't have to pay these fees to be competive. In slower markets, or for a property that has been harder to sell, sellers will often agree to pay up to 3%. Lending guidelines vary, but most lenders will allow a seller to pay 3 - 6% toward the buyers closing costs, depending on the buyers type of loan.
Grace Olson-Bonilla, www.SoCalGrace.com... more
The davis school district runs an inclusion program where special needs children are in the same classroom as their peers with the assistance of an aid. There's no special ties between Davis schools and MIND institute.... more
My crystal ball is probably as foggy as yours. However, traditionally, Davis has held it's values fairly well. As you know, you have that no growth mentality in Davis so what buyers sees if what they get. There isn't going to be any competition from new developemnts and there wasn't much growth in the last 5 yrs so you won't have tons of foreclosures like we are seeing in newer neighborhoods. such as Natomos or Wild Wings in Woodland.... more
The area referred to as Central Davis in fairly large but Yes there are some brand new infill homes for sale built by Mike Corbett (builder of Village Homes) at 734 B Street for $664,000. They are brand new and are a five minute walk to downtown. See it here.
I market my properties the same way whether it's sellers market or buyers market.
Sellers are very savvy now so they will ask but I do recommand my clients to do staging but in different degrees, all depends on how the property shows, what it needs and what the target market is.
I personally prefer to try to use the seller's personal properties if possible. A lot of times it just needs de cluttering, move things around and add a few accessories. There is no use to waste money if they have the right furnitures and decorations. Sometimes we will stage a secion of a home or one room that showcase the hose... and so on.
Sometimes it does not make sense to get any new furniture at all because it is the way it is (meaning we will probably start talking about new parint, new carpet, etc), then we will just be clean up and rearrange furniture.
So to get back to your question, sorry, we still stage. Just because the market is slow and it takes longer to sell does not mean you should cut down on your service.... more
Davis is normally a cyclical market because of the University. There will be fewer buyers throughout the fall and early winter with an upswing in activity starting in March. Davis is less affected by the current state of the market, but as financing begins to be a bit more challenging, especially in the jumbo mortgage market, I believe that will have a slowing effect on the Davis market. At the beginning of the summer Davis was in a neutral market, currently it is shifting back to a buyers market. At the end of June there was less than a 2 month supply of inventory.... more