Brad Pauer, Realtor

A new real estate chapter. 🏡🔑 Excited to be part of R3 Group brokered by eXp.

SOLD!!! 2702 Eulalie Drive, San Jose

LIST Price: $999,000
SOLD Price: $1,205,000

After only 7 days on the market and multiple offers, this great property closed way over the asking price!

Want to get the most money for YOUR property? Let's chat today to come up with the perfect plan! 📲

Merry Christmas to you and your family! 🎄

PENDING!!! 2702 Eulalie Drive, San Jose

List Price: $999,000

After only 7 DAYS on the market, and over a hundred buyers through the open house, the property is now in contract.
With Dominic Nicoli

Looking to make a move in 2022? Lets chat! 📲

Intero’s “The List” recently published the top real estate teams that achieved impressive Q2 2021 results.

Cheers to The Nicoli Group - proud to be part of a team that continues to crush it on all fronts! Congrats, everyone! 👏

📣 BIG NEWS!!! 📣

I am officially a member of The Nicoli Group at Intero Real Estate Services! The Nicoli Group is a top 1% team at the company with over $2.5 billion worth of real estate sold.

This is a great, collaborative, and hard-working team, and I am beyond excited to get started. Let's make some calls! 📲🏛

HERE ARE SOME OF TODAY'S BUYERS BIGGEST CONCERNS:

🚨 Per Fannie Mae's recent survey, 64% of respondents reported they believe it's a bad time to buy due to high home prices as the predominant reason.

🚨 Mortgage rates have increased from 2.65% this past January to 2.9%. Home prices have increased by 15.4% over the last 12 months. Based on these rising factors, a home may be less affordable today, but it doesn’t mean it’s NOT AFFORDABLE.

Here are your alternatives to buying and the trade-offs you’ll have with each.

➡️ I’ll rent instead.

Some may consider renting as the better option. However, the monthly cost of renting a home is increasing dramatically. So far in 2021, rental prices have grown a staggering 9.2%. To put that in context, in previous years growth from January to June is usually just 2 to 3%.

➡️ I’ll wait it out.

Others may consider waiting for another year and hoping that purchasing a home will be less expensive then. However, experts are forecasting the exact opposite:

· The Mortgage Bankers Association (MBA) projects mortgage rates will be at 4.2% by the end of next year.

· The Home Price Expectation Survey (HPES) calls for home prices to increase by 5.12% in 2022.

Based on these projections, you could end up paying an additional $3,696 each year over the life of the mortgage.

Looking to talk to a real estate professional about buying? Lets' chat today! 📲

INTERO’S NEW LUX MAGAZINE IS OUT NOW!!

Take a look at some of Intero’s most stunning properties listed across Northern California. The details are magnificent and the views are breathtaking.

Click the link below to view. 👇

https://drive.google.com/file/d/114FCbvdSdH4bCIzaNrJAi4wPG8jtFK26/view?usp=sharing

Interested in buying one of these homes? Interested in selling? DM me to chat. 📲

5 THINGS YOU NEED TO KNOW!

1. Know Your Numbers

Understand your budget and how much house you can afford. Buyers should connect with a lender to get pre-approved for a loan early in the homebuying process. Taking this step shows sellers you’re a serious, qualified buyer and can give you a competitive edge in a bidding war.

2. Brace for a Fast Pace

Per the National Association of Realtors (NAR), the average home is on the market for ONLY 17 days! A skilled agent will do everything they can to help you stay on top of every possible opportunity. And, as soon as you find the right home for your needs, that agent will help you draft and submit your best offer as quickly as possible.

3. Lean on a Real Estate Professional

The expertise of an agent can be used to give you a significant leg up on your competition. An agent can help you consider what options you can use that might be enticing to a seller (DM to learn more).

4. Make a Strong, but Fair Offer

Per Lawrence Yun, Chief Economist at NAR: "For every listing, there are 5.1 offers. Half of the homes are being sold above list price.” Use an agent as your trusted advisor to make a strong, but fair offer based on market value, recent sales, and demand.

5. Be a Flexible Negotiator

The seller may still counter with their own changes after you submit your offer. Be prepared to amend your offer to include flexible move-in dates, a higher price, or minimal contingencies (conditions you set that the seller must meet for the purchase to be finalized). REMEMBER: there are certain contingencies you don’t want to forego.

Looking for a real estate professional? DM me today! 📲

MORTGAGE APPS ARE UP AND MORTGAGE RATES ARE DOWN!!

The market is showing high upside potential for buyers! As of week-end 7/9/21, mortgage applications increased 16%.

As of Thursday 7/15, the average 30-year fixed rate mortgage decreased to 2.88% from the week prior. The decline provides relief to those who are looking to buy in a sellers market!

The 30-year fixed mortgage rates have fell for the third week straight from their peak in April at 3.18%. A year ago at this time the 30-year fixed rate mortgages averages 2.98%.

Lower rates may be more attractive now to help some homebuyers close on their dream homes, especially first-time home buyers!

Thinking about buying? Lets chat! 📲

4 MAJOR INCENTIVES TO SELL RIGHT NOW!! ⏬

1.) Your House Will Likely Sell Quickly

According to the most recent index released by the National Association of Realtors (NAR), homes continue to sell quickly - selling in an average of 17 days!

2.) Buyers Are Willing To Compete for Your House

In addition to selling fast, homes are receiving multiple offers. NAR reports sellers are seeing an average of 5 offers!

3.) When Supply Is Low, Your House Is in the Spotlight

One of the significant challenges for motivated buyers is the current inventory of homes for sale, which while improving, remains at near-record lows.

4.) If You’re Thinking of Moving Up, Now May Be the Time

Over the past 12 months, homeowners have gained a significant amount of wealth through growing equity. At the same time, homeowners have also spent a lot of time in their homes, and many have decided their house doesn’t meet their needs.

Looking to sell? Know anyone looking to sell? DM me today to chat! 📲