The Jared Smith dre#02121053, Brokered by Exp Realty

Hi 👋

I just renewed my real estate license and October will mark 4 years in my career. I wanted to take a moment and re-introduce myself. I’ve lived in Northern California for the better part of the last decade. I’m a full time Realtor, and full time student. I’ve had the pleasure of assisting over 100 families purchase and sell real estate over the last four years. I’ve participated in various professional trainings and capacities, and have a passion for delivering knowledgeable service to all my clients!

I’ve learned a few things;

A good real estate agent is INVALUABLE to your negotiations and assisting in preparing to sell your home.

I’ve learned to negotiate with my clients interests in mind and have saved my clients tens of thousands of dollars.

The real estate market is constantly changing and this makes it crucial to have a good agent on your side.

The right time to buy or sell is when you’re READY to buy or sell regardless of the market.

I’ve discovered my passion in assisting first time buyers and investors. Building wealth is totally possible if you WANT to do it!

Want to know what I offer that’s different from other agents and will give you a competitive edge in the current market? Message me and let’s talk!

I’ve been enjoying some awesome learning opportunities this year! I earned a professional certificate for Public Engagement and Civic Leadership :)

There’s a TON of misinformation in the housing market right now! There are many buyers waiting for interest rates to come down 📉, but I wanted to share some information and articles that you might find useful. If you’ve been keeping up, rates have come down to around a 7% in the last 2-3 weeks! 🤯

I recently had a meeting with the Chief Economist for the California Association of Realtors. Below are the key takeaways 📝 ;

98% of CA homeowners are paying mortgages on time.
95% of owners have 20%+ in Equity.
9/10 homeowners have 30%+ equity.

This indicates that there WON’T be a major wave of foreclosures!

Interest rates should come down to the mid to high 6%’s, which should bring an additional 60,000 buyers into the market. That means more competition in an already competitive market. 🫣

Home values are expected to increase 6%! This is a win for you current homeowners as you should expect your equity to increase.

This means if the home is currently valued at $400,000 now, then in 12 months the value should be $424,000.

Inventory (homes for sale) is expected to remain low. This is driven by the fact that many homeowners purchased when rates were below 4% 🤯, and they’re looking at higher payments and lower affordability with the higher rates creating a “lock in” effect. Many of them will not be selling as they’re facing a “financial penalty” with higher rates.

What does this all mean for you?

If you continue to wait..

Home values will go up 📈 affecting affordability for you. You’ll be able to afford less house. 🏡
More buyers will come to market and multiple offer situations will become the new normal.
Rates may come down, but it is likely you’ll be over paying on a home if you decide to purchase!

So why should you purchase now vs later?

Your home value will increase over the next year, which is passive savings. Your equity is a “forced savings”, and working for you to help build wealth. Home ownership holds a number of long term benefits!

We currently have the ability to negotiate seller concessions! Sellers have been more open to buying down interest rates to assist with buyer affordability. This is likely to go away if there are multiple (between 2-10 offers) on each home which we anticipate when rates come down into the 6%’s.

If you purchase now, you have the option to refinance into the lower rate when everyone else is competing against each other for the same homes.

Remember 2021? There were multiple offers on EVERY home, buyers were going $20k-$50k or higher over list price to win, and waiving their protections to get their offers accepted! Want to do that but with higher interest rates?

Listen.. don’t take my word for it. Below are a couple of articles from various sources supporting what I’m explaining to you.

So think about it! 🤔🤔 Do you want to purchase when you have the ability to negotiate, or would you rather wait for “rates to come down” to compete with many other buyers and end up overpaying on a home?

There are strategies we can use to get you a lower interest rate!

Message me for more information! 📱

https://www.foxbusiness.com/personal-finance/housing-market-forecast-turnaround-2024.amp (https://www.foxbusiness.com/personal-finance/housing-market-forecast-turnaround-2024.amp)

https://www.car.org/en/aboutus/mediacenter/newsreleases/2023-News-Releases/2024housingforecast (https://www.car.org/en/aboutus/mediacenter/newsreleases/2023-News-Releases/2024housingforecast)

https://www.cbsnews.com/news/mortgage-interest-rate-forecast-2024-what-experts-think-will-happen/ (https://www.cbsnews.com/news/mortgage-interest-rate-forecast-2024-what-experts-think-will-happen/)

https://www.goldmansachs.com/intelligence/pages/us-mortgage-rates-are-forecast-to-stay-above-7-percent.html (https://www.goldmansachs.com/intelligence/pages/us-mortgage-rates-are-forecast-to-stay-above-7-percent.html)

https://money.usnews.com/loans/mortgages/mortgage-rate-forecast (https://money.usnews.com/loans/mortgages/mortgage-rate-forecast)

Mortgage Rate Forecast: Will Rates Go Down in 2024? Mortgage rates are expected to stay elevated through the end of 2023, and they’re unlikely to fall below 6% in 2024, according to top U.S. housing economists.

🙌Under contract🙌
It’s a competitive market right now. Working with a knowledgeable agent who is “in it” daily will help you succeed in this market! Want to know how we beat out the other offers?
Message me to find out 📱

‼️ New Listing ‼️
3109 Rae Creek
Chico CA 95973
4 beds
2.5 baths
2,564 sqft26 acre lot
Owned Solar ☀️
Follow the link for more details 👇👇

https://www.ourhomeshowcase.com/exp/showcase/Rae-Creek-Site-Page-2940

Take a look at my newest listing in Chico!

👇👇👇👇👇

Listing Showcase 3

CALHFA Dream for all program is coming back. Guidelines being released in January and program opening early spring next year! Let talk about how to take advantage of this to purchase your first home, and use this time to get prepared!

Your favorite realtor is now a Certified Probate and Trust Specialist!

Want to know what your home is worth? Click the link below for a free home valuation!

Your home estimate Instant, easy, automated home price estimate.

My latest RateMyAgent review in Magalia.
02121053
https://rma.reviews/Dk8fwtkAkY8H
..

Open Houses this weekend at this cute Chico home listed by Nick and Brittney Allison at EXP Realty!

Come check out this Durham Beauty on Saturday from 10-12! Listed by 😎

I’m hosting an Open House Saturday from 10-12 at Scott Peebles new listing in Durham!!

You won’t want to miss this one!

My latest RateMyAgent review in Red Bluff.
02121053
https://rma.reviews/VQyVdnNUBrVI
..

My latest RateMyAgent review in Chico.
02121053
https://rma.reviews/A8cTz215Jrbw
..

Congratulations on your new home!! I love helping all of my clients but have a special place in my heart for those buyers and sellers in the LGBTQIA+ community. It’s always a pleasure assisting these clients and creating a warm, welcoming, and safe environment for them! So grateful for .lends and team for rocking this one out and getting us to close almost 2 weeks early! Shout out to and team for the incredible transaction! Always such a pleasure working alongside you!

Travis and Tyler met for the first time about 1000 feet from their new home. This property has sentimental value to them, and I wish you both much happiness and enjoyment for years to come.

What sets me apart from other agents? I CARE. No client is just a number or transaction to check off. I genuinely care for my clients and enjoy friendships with most after closing. It’s important for me to understand what drives my clients to buy or sell and it’s my privilege to assist them in achieving their dreams.

This market is filled with misinformation and conflicting information. Call me to discuss what’s really happening in the market and to discuss just how achievable homeownership is!

My latest RateMyAgent review in Magalia.
02121053
https://rma.reviews/R3lPZ00U753u
..

Another 5 Star review from an AMAZING client and close friend! I had the opportunity to assist Espiranza and Armondo in their purchase and how they could turn it into an investment. Thank you for your trust in me!

I LOVE working with First Time Homebuyers! Buying a home can feel daunting especially if you haven't done it before! I am ALL about educating and making sure my clients feel supported and understand the process. Thank you for putting your trust in me!

Loved working with these amazing clients! It's important to have an agent that listens and truly has your back! Are you on the fence about buying or selling and don't know where to start? Call me for a no hassle chat to discuss your options!
DRE #02121053
C:530-608-6095

Loved helping these fantastic buyers with the purchase of their first home. They were referred to me from a family member of theirs and trusted me through the process. I believe in education and facilitation through the home buying or selling process! Are you looking for 5 Star service with your purchase or sale? Call me to discuss my proven strategies!

Jared Smith
C: 530-608-6095
DRE #02121053
EXP Realty of Northern California, Inc

5 Star Review from sellers I had the pleasure to represent during a challenging time in the market!

So excited for these awesome clients!! Congratulations on closing :)!
This one had a lot of twists and turns. We connected almost a year ago and they decided to wait and hold off on purchasing. They called me a couple months ago because the house they were renting went to auction and they were looking at a TIGHT timeframe for finding somewhere else to live!! We looked at almost 20 homes and wrote offers on a couple. We kept missing out but they kept a really positive mindset and we kept at it. Fast forward to finding Palermo.. the agent representing the sellers heard good things about working with me from other agents in his office and had some really amazing sellers that wanted to help my clients! They knew we were serious and going to do what it took to close on this house! Reputation is SO important in this industry because it can make or break a deal. I’ve had multiple offers accepted for my clients because of my relationship with other local agents. Who you work with matters!!
So excited for these clients and the years of enjoyment to come!
Want to find out what sets me apart from other agents and how it can positively impact your purchase or sale?
Call me 📲

PSA 🤣
But seriously! If you’re thinking about buying, selling, or investing drop a line 📱

Congratulations on your new home!! Jill and her family were referred to me by Jody Bartley at Prime lending! We searched for the perfect home for MONTHS!! Jill and Zach trusted me when the Dreamer program came around and we were able to get competitive and close on the PERFECT home for them, which checked all the boxes!! So proud of your accomplishment and wishing you MANY years of joy and happy memories in your new home!
Home ownership is possible if you have the right agent to educate you, support you, and assist with your search! Ready to talk about buying and want to strategize? Give me a call!

Location : their new home! 🏡
Leticia and Vincente were referred to me by some of my favorite clients! We worked together for a couple months preparing them for their loan, and ultimately found them the MOST adorable home in Orland! We were able to negotiate a large seller credit to cover closing costs, and got them $20,000 off the purchase price!!
Wishing you much enjoyment for years to come in your new home!!

Who you work with matters! Want to know how we did it?
Call me 📱

Check out my cute listing in Magalia! This home has so many great things to offer!

Click the link below for a walkthrough 👇👇👇

https://vinmunoz.hd.pics/6605-Grandview-Ave-1

Want to see it in person? Visit me this Saturday from 11AM-1PM and Monday from 5PM-7PM

‼️Open House Alert ‼️
Come see me Saturday from 11am-1pm, and Monday from 5pm to 7pm

Need more info? Message me!
DRE #02121053

Check out my listing at 6605 Grandview Ave in Magalia! This cute home has so much to offer!!
Check out the walkthrough 👇👇👇

https://vinmunoz.hd.pics/6605-Grandview-Ave-1

‼️OPEN HOUSE‼️
Today from 10am-1:00pm at 6605 Grandview in Magalia! Stop by and see this cute home! There are so many great features, including a new roof, recently refinished, hardwood floors, on a half an acre!! Call me for more info!