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Menifee Real Estate | Upsides/downsides to current market

It’s no secret that we are currently in a seller’s market in Menifee real estate. That means there’s an inventory crunch, coupled with high buyer demand, fueled by low interest rates. This comes with huge benefits, especially to sellers… and a few downsides. BRIX Realty owner/broker, Jarred Hanson, is in the thick of this market. He understands the best parts of this market and is aware of the downsides as well. 

It’s a wonderful time to sell your home. The benefits of being a seller in today’s market are are more abundant than they have been in over a decade. 

Menifee real estate | Brix Realty | sold

Seller benefits include: 

  • Multiple offers
  • Above asking
  • Money in your pocket
  • You get to be choosy 

Potential downsides to a seller’s market: 

  • Replacement properties are competitive
  • Appraisal issues
  • Escrow fall-out 

At BRIX Realty, we are seeing an average of 5 offers on Menifee real estate listings. We are sifting through offers with our sellers to get them the best deal possible on selling their home. In escrow, we’ve seen fall-out, but have been able to find even better buyers for those listings in the end. Our agents are working closely with our clients to provide clarity and peace of mind every step of the way. We are also working with buyers in the extremely competitive market to negotiate the best deal and find them a home they LOVE. 

If you would like to know more about the selling process, please visit our “selling process” page. Or, feel free to give us a call for more detailed information on your home. We are happy to answer any of your questions! 

in Menifee Posted by Caitlin Hanson

COVID-19 C.A.R. Updates | Menifee Real Estate

 

Businesses and organizations across the globe have created new safety protocols in 2020. In the same way, BRIX Realty is no exception and takes the safety of its clients seriously. The California Association of Realtors (C.A.R) released two new disclosures and best practice guidelines to help navigate the buying and selling process through this pandemic. Brix Realty is strictly adhering to these guidelines in Menifee real estate and all the areas they serve. 

C.A.R. created the guidelines based on Governor Newsom’s stay-at-home-order. Additionally, they outline suggestions for marketing, showing and closing on properties while maintaining compliance with CDC recommendations. 

The two new forms are:

  • Listing Agreement Coronavirus Addendum or Amendment (RLA-CAA): Sellers and listing agents are to sign.
  • Property Viewing Advisory and Declaration (PEAD): The seller, buyer, agents and anyone else who will be entering a property must sign.

Buyers often ask about their protection during the house-hunting process. BRIX Realty agents make sure to wear gloves, masks, and in certain cases foot covers while showing homes. There is minimal touching and regular hand sanitization during the showings. 

Brix mask on

Open houses are unable to be conducted at this time to comply with local, state, and federal guidelines.

BRIX Realty has its clients’ safety in mind and can’t wait to serve you! We are here to make sure you are comfortable and have your best interest in mind. We will work to get your the best deal, keeping you safe and protected! If you have questions on the Menifee real estate market or any other areas we serve, please give us a call. These are unprecedented times in the real estate market and our economy, but we are all in this together and BRIX is dedicated to giving you the best advice, the best deal and the best experience during this process.

in Menifee, Uncategorized Posted by Caitlin Hanson

Should I Wait to Sell My Home? Temecula Real Estate Broker

 

2020 is a very uncertain year for us all. With the market seeming so volatile, some of Brix Realty’s clients have had questions and concerns about selling their home. Whether it’s the approaching election, COVID-19, or the unknown effects to the economy, people are hesitant to sell. 

What Does the Market Look Like TODAY – From Temecula Real Estate Broker 

Jarred Hanson, owner and broker of Brix Realty, provides context and peace of mind on the topic. For those wanting to sell, but have concerns with timing, we hope this expert insight helps in the decision-making process. 

What we know today, based on new information that came out from the National Association of Realtors, is that home sales are up nationally by a record 20.7% since the pandemic. “Each of the four major regions achieved month-over-month growth, with the West experiencing the greatest sales recovery.”

With uncertainty rising among social and economic fears, it is easy to assume the real estate market is also volatile. The good news is that 2020 has ushered in historically low interest rates, keeping buyers incentivized. Those interest rates are supporting the market even among all the instability. 

If you are wanting to sell your home and are comfortable with the proceeds, today is a great time to act. Additionally, if it’s your primary residence, those proceeds are exempt of capital gains taxes on the first $250K for single persons. For married couples, on the first $500K. We do not know what the market is going to do months from now; however we know the benefits of taking advantage of TODAY’s market. Today, values are up, interest rates are at an all-time low, and the world of real estate is only moving upward. 

Follow Us!

Make sure to follow Brix Realty on Instagram and Facebook for up-to-date information on new listings. We also post noteworthy local market information. If you’re looking for a Temecula real estate broker, please contact us! 

in Temecula Posted by Caitlin Hanson

Temecula real estate insight on local buyer’s market

 

We are living in unprecedented times of the US economy. Because of this, BRIX Realty is fielding lots of client questions on the real estate market. One common question among buyers has been whether or not they should delay looking for homes until the market drops. Broker and owner of Brix Realty, Jarred Hanson, has been in the real estate field for 15 years and has insight into today’s Temecula real estate climate. He’s here to address a question that many potential buyers are wrestling with right now. 

Should I hold off on looking for homes in Temecula until the market drops? 

The fact of the matter is, we only know what the market looks like TODAY. We can predict what it will do in the coming months, but we are living in a very unique moment in history. Even the most economically trained mind cannot know for sure what the housing market will do come January, 2021. 

If you are in the market to buy a home in Temecula, CA, do not hold off because you are unsure of what is going to happen. The better mindset to have is, “Do I want to take advantage of the market as it stands TODAY?” Weigh the pros and cons of the current atmosphere. Take into consideration the benefits and downsides to buying in the current market and take action from there. 

Today, mortgage interest rates have fallen to new historical lows. Data was released earlier this month by Freddie Mac, stating the 30-year fixed-rate average fell to an all-time low of 3.03 percent with an average of 0.08 point, it’s lowest level since tracking began. 

The Washington Post stated that “Since November 2018 when [the average interest rate] was 4.94 percent, it has fallen nearly 2 percentage points.”

If you have any other questions on Temecula real estate, or anywhere in Riverside County, Murrieta, Lake Elsinore or Menifee, comment below! Or if you would like to contact Jarred directly, feel free to call or text 951-259-1187.

 

in Temecula, Uncategorized Posted by Caitlin Hanson

Lake Elsinore Real Estate – Brix Realty Opens

Lake Elsinore Ribbon Cutting for Brix

Lake Elsinore Real Estate

BRIX Realty officially opened its doors earlier this year with a ribbon cutting. The event took place outside its new storefront, promising to service Lake Elsinore real estate and surrounding areas with integrity. They celebrated with friends, family and clients who have all played a part in allowing the doors to open.

“I have been in the real estate industry for over 12 years now. Today, I’m so excited to begin this new chapter building BRIX Realty from the ground up,” said Jarred Hanson, Owner/Broker of BRIX Realty. “Opening day was especially momentous for me because it signified the fruition of so many years of hard work. It was a testament to all my clients, friend and family who have supported and stood by me through many, many years. Thank you, all!”

Why Choose BRIX Realty

If you have been thinking of buying or selling your home in Lake Elsinore or surrounding areas, please give us a call. Even through the turbulent times, the real estate market has been standing firm with demand and low interest rates.

BRIX Realty is dedicated to making the process of real estate as smooth and fulfilling as possible. We are more than happy to answer any of your questions on the market or your specific real estate needs. 

in Lake Elsinore, Uncategorized Posted by Caitlin Hanson

Temecula Real Estate Agents Growing

Temecula Real Estate Agents Growing

Temecula Real Estate Agents
We service Temecula real estate clients and surrounding area

Temecula, CA Growth Projections

Temecula is growing immensely in population. The city has more than doubled since 2000 and as a result, real estate, business and construction are booming. Temecula real estate agents are growing in number too! 2024 population projections come in at 124,126. With over 38,000 households for the city, Temecula is ranked as California’s 56th largest city.

This year, the most owner-occupied homes value between $400,000 and $499,000. All owner-occupied homes have a median value of $456,573.

With more movement within the city, more homes are going up. Real estate agents can seem like a dime a dozen as more families desire to call Temecula their home. Because of this, it is important to be careful when choosing an agent to trust as you walk through the process of buying or selling your home in Temecula.

We put together some tips on choosing an agent you’ll be happy with:

  1. Every customer has a unique set of circumstances and needs. The agent you choose must have a wealth of knowledge in the real estate market that is specific to you.
  2. Your potential agent should have experienced answers to all your real estate questions.
  3. When you decide to use an agent or a broker, be confident that they are able to negotiate on your behalf. There is a lot of negotiation behind the scenes in real estate.
  4. You must have faith that the person representing you knows their way around the market, the legalities and the formalities of the transaction.

How to get relevant information on Temecula real estate 

Having an honest representative that you like and trust is important in such a competitive market. You’ll be spending a lot of time talking with the agent throughout the transaction, so you want to make sure that their personality jives with you as well. In a transaction, the primary goal is to get the job done in a fair and timely fashion. However if you can find someone you trust to do the best job and has a likeable personality, you will be most satisfied throughout the process.

If you have any questions and want to speak with a qualified, knowledgeable Temecula real estate agent, feel free to call BRIX Realty at 951-259-1187.

in Temecula, Uncategorized Posted by Caitlin Hanson