Our 5-Step Approach To Homeownership
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2. Align with your goals and timeline for our first home purchase
3. Discuss the current market conditions to set expectations and avoid potential pitfalls
4. Review the entire buying process, including escrow timelines and contingencies
5. Align you with valuable resources and opportunities that create success
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About The Buyer Consultation!
It was very informative. Sarah not only answered all my questions, she also educated us about aspects that we didn't consider before. Overall, I gained more confidence and peace of mind, knowing that real estate agents have code of conducts as well. I will recommend receiving the buyer consultation to gain a big picture view.
Janet & Y Thuan
The buyer consultation experience was super informative and easy. Sarah & Brandon took the time to answer all of our questions in an easy to digest way. It was our first time buying a home so we had little to no knowledge on the matter but they were patient and over-communicative, which made us confident in the process and our decision. Throughout the process, we felt supported and were fully confident in Sarah & Brandon’s ability to show us our dream home. We would 100% recommend them to others (and will continue to use them ourselves) and are super happy living in our new home!
Audrey Mesler & Ben Irons
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What the NAR Settlement means for Home Buyers and Sellers
As we approach August 17th, when changes will come about in the real estate industry due to the NAR (National Association of Realtors) settlement many home buyers and sellers are asking for clarity. Believe it or not, there are just TWO changes that you can expect. In order to meet early compliance standards The MLS is implementing their changes today. This way they can avoid any last-minute complications. Rooster Homes is taking a proactive approach when it comes to supporting our clients and will also begin following the new guidelines. Starting today, the following updates will be implemented:1. Removal of Compensation Information in The MLS: In accordance with the NAR settlement terms, all mentions of compensation will be removed from MLS listings. This change aims to promote greater transparency and fairness in the real estate industry.2. Mandatory Use of Buyer Representation and Broker Compensation (BRBC) Agreement: As part of the settlement conditions, the use of the Buyer Representation and Broker Compensation (BRBC) Agreement is now mandatory for all Realtors. This agreement outlines the duties, obligations, and compensation terms between Realtors and their clients, ensuring a clear understanding and agreement in all transactions. Rooster Homes takes pride in taking an education-forward approach to all things real estate-related. We know that informed clients succeed! The time we invest in bringing clarity, answering your questions, and taking your calls so you feel supported is part of our value system and we are always here to help. Here are some resources you can access to get more information on what the NAR settlement means for home buyers and sellers. https://www.nar.realtor/the-facts/what-the-nar-settlement-means-for-home-buyers-and-sellers https://www.nar.realtor/the-facts/nar-settlement-faqs Let's schedule a call or you can reach out via text or email so we can discuss your questions and what strategies I use to ensure your home-buying experience is a smooth one. 😊 Your Trusted Advisor Sarah Arlington, MS, BCBA (818) 296-7282 sarah@roosterhomes.com
Buyers are asking: Are there less buyers during the holiday? Should I get out and look?
Hello, Im Sarah Arlington with Rooster Homes, your trusted advisor when it comes to the Los Angeles Real Estate Market. Now-- Let's dive into this one. First there are a few things to consider #1 We are still in a sellers market with inventory averaging around: 2.2 months in North East LA Area 3.3 months in West LA Area 2.8 Month in the Valley Area Remember, 6-7 months of inventory is a balanced market! However, there is also seasonality to consider, which brings me to #2 #2 Real Estate Seasonality Real estate seasonality refers to the patterns and trends in the real estate market that occur at different times of the year. These patterns can affect various aspects of the real estate market, such as the demand for homes, the number of homes for sale, and the prices of homes. Seasonality in the real estate market can be influenced by a variety of factors, including weather, market conditions, and economic trends. In general, the real estate market tends to be more active during certain times of the year, such as the spring and summer months, when there is typically an increase in demand for homes. This can result in a higher number of homes being sold and an increase in home prices. Conversely, the real estate market can be slower during other times of the year, such as the fall and winter months, when there is typically a decrease in demand for homes. This can result in fewer homes being sold and a decrease in home prices. SO, are there less buyers and should I get out there right now and look for a home? Yes, buyers may be able to gain an advantage during slower buying seasons in the real estate market. During these times, there may be fewer buyers competing for homes, which can give buyers more negotiating power and the opportunity to secure a better deal. Here are a few ways that buyers can gain an advantage during slower buying seasons: Take advantage of lower prices: During slower buying seasons, home prices may be lower due to decreased demand. This can provide an opportunity for buyers to negotiate for a better price on the home they want. *Depending on the area and days on market. Have more options: With fewer buyers in the market, there may be a larger selection of homes to choose from. This can give buyers the opportunity to be more selective and find a home that meets their needs and preferences. Less competition: With fewer buyers competing for homes, buyers may have an easier time making offers and securing a property. This can save time and reduce stress, as there is less competition for the same homes. More flexible sellers: During slower buying seasons, sellers may be more motivated to sell and may be more flexible on price and other terms of the sale. This can provide buyers with more negotiating power and the opportunity to secure a better deal. Overall, slower buying seasons can provide buyers with an advantage by giving them more options, lower prices, and less competition. By taking advantage of these factors, buyers may be able to secure a better deal on the home they want. For more questions and to get support this holiday season, reach out, we are here to help 😊
LEARN AN EASY WAY TO TELL IF THE MARKET IS CHANGING
Dear Readers, If your a homebuyer in this current market, you might be hearing that the market is slowing down right now. You might be thinking things will be different for me. Friends, family and co-workers may be telling you there is a shift happening and prices should be going down. I'm here to tell you there is a simple and easy way to truly understand this market, it's called absorption rate. Take a look at the image below. You will see 3 columns each depicting a different market based on months of inventory (homes for sale). To discuss this further, the image above depicts 3 different markets. Each market is determined by the number of months a home sits on the market waiting to be sold. This number also tells us if home values can expect to appreciate or depreciate. 0-6 months of inventory is a sellers' market and we can expect continued appreciation because inventory is low and buyer demand is high. 6-7 months of inventory is a Neutral/balanced market and home prices will only appreciate with inflation. 7 or more months is a buyers' market and home prices will depreciate because there are more sellers than buyers and homes are sitting on the market longer. Let's go over a few examples to solidify your understanding of this simple concept that you can share with everyone, including your realtor, if they have not informed you already in the market you are looking to buy. In one of the main Los Angeles zip codes 90011, inventory is turning over at 1.8 months. This means if a home goes on market today the soonest it will sell, or get absorbed by a buyer, is on average 1.8 months. This is anywhere from 1 day to 71 days, specifically in this zip code. Keep in mind Los Angeles is a unique market and this number changes from neighborhood to neighborhood. For example, let's take a look at the Highland Park market. During the pandemic many home buyers flooded to the North East LA region in hopes to find less competition amongst buyers. Highland Park saw historic price appreciation over a short period of time. Currently the absorption rate in Highland Park is 2 months ranging from 0-159 days based on the number of homes active on market and homes sold over the past 6 months. What is important for you to consider is what the data show regarding how long homes are sitting on the market within a specific period of time. If homes are sitting on the market less than 6 months, then we are in a sellers market and can expect home prices to continue to appreciate, it's really that simple. So if I were to ask you what type of market we are in and what we can expect, your response would be; Sarah we are in a sellers market, because homes are being sold quickly, less than 2 months on market and we can expect continued appreciation because buyer demand is high and invetory is low. To learn more about the market, the buying and selling process, reach out, we are here to help 😊