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In this edition of The Sonoma County Homebuyer's Guide, we tap into local real estate pros who share their insights about what to expect when making an offer on a home as well as how to effectively save money for your next real estate purchase.
We're also excited to announce that, starting next month, we'll be launching a brand-new exclusive column with local REALTOR® Rene Richardson where she will share monthly market data, expert insights, and trends that might impact potential homebuyers and sellers in Sonoma County and beyond.
If there is anything you'd like to learn from Rene, please feel free to respond to this email and let us know. |
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Inside Insights from Real Estate pros |
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What to Expect When Making an Offer On a Home in Northern California |
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Buying a home in California is a process that involves a lot of moving parts. You start by getting approved for a mortgage to figure out what you can afford and then you go house shopping.
But what happens once you find something you like and decide it's the perfect place for you?
In this article, REALTOR® Lindsey Samuelsen dives into every detail of making an offer on a home and what you should expect from the process.
Read more >> |
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Whether you're saving for your first home or looking to upgrade to a new one, you've probably found yourself crunching numbers and working out how much money to set aside.
In this interview, Brandon Trammell, Founder of Northern California-based Purpose Financial & Insurance Services, discusses the biggest barriers he sees when it comes to saving for a home, why your mindset is essential to managing your finances effectively, and four tips to help you stash away cash for your next real estate purchase.
Read more >>
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Market Trends and Real Estate News |
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Sonoma County Total Real Estate Value Reaches an All-Time High in 2024
The total real estate value in Sonoma County has reached a staggering $120 billion, setting a new record as of January 2024. This surge is attributed to a robust residential market and a 2% rise in the Consumer Price Index.
Food for thought:
For potential homebuyers, this signifies a competitive market where property values are high, necessitating careful financial planning. Current homeowners, on the other hand, stand to benefit from increased home equity, providing opportunities for refinancing or selling at a premium. Staying informed on these trends is crucial for making smart real estate decisions.
via North Bay Biz |
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Study: Gen Z Choosing Sunny California, Other States for Work, Play
A new trend shows that Gen Z are choosing sunny states like California for living and working, driven by lifestyle preferences and job opportunities. This shift is reshaping the housing market dynamics in these regions.
Food for thought:
This trend validates the outstanding quality of life in states like California. For those considering buying in NorCal, it's wise to consider how this new influx of young buyers might boost local competition and prices in the real estate market. That said, current homeowners may see property values rise, boosting investment returns on properties in Sonoma County and surrounding regions.
via North Bay Business Journal |
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Sonoma County Housing Market Stats |
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For a quick overview of Market Trends in your specific area click here and simply input your city or zip code to view your area stats. |
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Learn More About SOMO Village |
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If you’re interested in living in a sustainable community that fuses the best of city living with the country lifestyle and all the amazing things that Sonoma County has to offer, we invited you to visit SOMO Village. To learn more, download our residential project brief or get in touch with us today. |
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SOMO Group, 1400 Valley House Drive Suite 240, Rohnert Park, CA 94928, United States |
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