#2 overall at Star Real Estate – Stovall Team
Micah Stovall, Steve Stovall & Frank Mc Dowell, CEO STAR Real Estate Frank Mc Dowell CEO Star Real Estate
Stovall Team, Micah Stovall and Steve Stovall
Posted in Real Estate News
Tagged Costa Mesa, Costa Mesa Real Estate, Fountain Valley, fountain valley real estate, Garden Grove, Huntington Beach, Huntington Beach Real Estate, Know your Agent, Micah Stovall, Steve Stovall, Stovall Team, Stovall Team Real Estate
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Ask the Experts: The Stovall Team
Q. About to put house on market but still cleaning out a few closets. It’s an older home but very nice, in a sought-after location but some things have been replaced over the years.
Should I get an inspection before even calling Stovall Team so that I could fix things before putting the house up for sale?
A. It’s usually not a good idea to order a professional home inspection prior to going “On The Market”. Consult the Stovall Team first. We will be happy to walk your property with you and point out obvious and immediate needed fixes. We will also offer suggestions for cosmetic repairs and placement of furniture items. These services are all a part of our regular program and are complimentary with our listing services.
The buyers will likely order a professional home inspection after their offer is accepted. You will then be presented with a copy of the buyer’s inspection report and more than likely a Request for Repair document. We will assist in negotiating a reasonable resolution to all repair requests. This is a very crucial part of the transaction and The Stovall Team will help to navigate you this process successfully.
We do, however, suggest that you get a Termite Inspection up front. The buyer will normally request and expect a Section One Termite Clearance. We can recommend a Termite Company that we have used, successfully in the past.
Source: Steve Stovall, The Stovall Team
Posted in Sellers, Tips for Sellers
Tagged Costa Mesa, Fountain Valley, fountain valley real estate, Huntington Beach, Interview your Realtor, Know your Agent, Micah Stovall, Newport Beach, Real Estate Reputation, Steve Stovall, Stovall Team, Stovall Team Real Estate, Westminster
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Spring Cleaning? Garage Sale Time
Call Stovall Team and we can get you Garage Sale signs. We are here to assist you. Call us today with any questions or for more information. We can be reached at 714.343.9294 OR 714.393.5377 or visit our website at www.stovallteam.com
Posted in Real Estate News
Tagged Costa Mesa, Fountain Valley, fountain valley real estate, Huntington Beach, Interview your Realtor, Know your Agent, Micah Stovall, Newport Beach, Real Estate Reputation, Steve Stovall, Stovall Team, Stovall Team Real Estate, Westminster
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Stovall Team is the First Choice
The Stovall Team has logged over 620,000 steps since the start of this year, walking in your neighborhood distributing our “Real Estate Insight”. That is 720 miles in just two months. These miles give us a chance to talk to people about Real Estate. It gives us a great chance to connect with our neighbors, friends and clients. It also keeps our fingers on the pulse of the market activity in your area.
These efforts matter because we work in your neighborhood which is also our neighborhood. This gives us an early chance to know or have an idea of what homes are coming on the market in the near future or months in advance. In the last three years the Stovall Team has sold three Glen Mar homes that never even made it to the market. One of which was listed by another great agent at Star Real Estate. He knew that we effectively and aggressively market the area and knew we already had a buyer. The other two were sellers that we knew that were putting their homes on the market. These sellers gave our clients the first shot at purchasing before going on the open market. The buyers paid fair market value and it resulted in a Win/Win/Win for all.
With over 50 years of combined experience, we are respected in our field and have working relationships with many Realtors. Just within my company of 350+ agents, Star Real Estate has a whopping 40% market share in the Huntington Beach and Fountain Valley Marketplace. We were also recently honored as the #2 Agent/Team
Company wide for our 2013 production. Often times homes are sold before they ever hit the market thanks to “pocket listings”. Being a part of a large and productive Real Estate company and knowing the listing agents and their listing inventory can be a huge asset to you or your family member in the home selling or buying process. We can provide the edge that will make a world of difference for you.
Even homes that make their way to the MLS can be challenging to purchase and buyers may find themselves in a bidding war. Working with the Stovall Team helps in a multitude of ways. Our strong reputation as honest hard working and highly ethical agents translates to cooperative agents trusting us. They know that if we are working with a buyer, the buyer has been pre-approved, educated, and knows exactly what they are getting into. We will also help write the offer in a matter at which makes the most sense and puts us in the best strategic position. If the listing is taken by the Stovall Team or any other Star agent, there is a good chance our buyers will know about it well before it goes on the open market.
Working with The Stovall Team gives you the edge you need in this highly competitive real estate market place. Call Micah at 714.343.9294 or Steve at 714.393.5377 for a complementary market evaluation or pre purchase consultation today.
Source: Micah Stovall, Stovall Team
Posted in Buyers, Sellers
Tagged Costa Mesa, Fountain Valley, fountain valley real estate, Huntington Beach, Interview your Realtor, Know your Agent, Micah Stovall, Newport Beach, Real Estate Reputation, Steve Stovall, Stovall Team, Stovall Team Real Estate, Westminster
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Curb Appeal is Contagious
Have you seen the recent Lowes ad where a new couple moves into town and places a potted plant in a window box? This leads to the neighbor planting a flower garden, which leads to a painted fence, shutters on a house, and so on. Near the end of the commercial, a voice over comes on and says, “Home improvement is contagious.” How true is that? Spring is just around the corner and many of us looking to spruce up our curb appeal, lawns and flower beds.
Let’s let the awesome improvements occurring in our neighborhoods become contagious. To help visualize real improvements, we are inviting you to send photos of your various improvement projects in 2014 to [email protected]
We will begin showcasing these improvements for others to catch the bug of property improvement.
Check out our amazing listing on 19th Street in Eastside Costa Mesa. Great curb appeal!
We're sorry, but we couldn't find MLS # OC14032695 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
Posted in Community
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Market Snapshot—Supply and Demand
Already strong spring home buying season in sight.
Following a winter lull, forward looking market indicators suggest we may be seeing a strong spring home-buying season. Data on pending home sales shows a 23 percent increase in activity between December and January. Pending home sales are forward-looking indicators of future home sales activity, offering solid information on future changes in the direction of the market. A sale is listed as pending after a seller has accepted a sales contract on a property. The majority of pending home sales usually become closed sales transactions one to two months later.
Where is demand coming from? There has been a significant pent-up demand for homes. Following the recession, household formation in California fell dramatically. The latest estimate from California Association of Realtors (CAR) shows that some 575,000 fewer households were formed in California between 2008 and 2012 due to economic hardship. If the household formation trends continued at the pace seen before the recession, California would have not only that many new households, but 60 percent of those households would be homeowners. That means we are missing about 345,000 new homeowners in California. With improving economic conditions and solid employment growth across the state. Pent-up demand for homes is evident in the pending sales index for January that CAR recently released.
There are obstacles, however, that potential buyers may be facing. For one, inventory of homes listed for sale is still at historical lows. Despite an increase in inventory in January by 12.1 percent from December of 2013 and by 6.7 percent from a year ago, the supply of homes in the lower segment of the market continues to fall, while inventory of homes prices at million dollars and higher went up.
Why is the inventory so low? There are several reasons worth mentioning. On one hand, following the collapse of the housing markets, home prices along with historically low interest rate led to a very affordable housing market. Those that were able to take advantage certainly did and absorbed a great share of the low-priced inventory. In the meantime, the supply side of inventory did not see any progress. Secondly, there are still about 15 percent or nearly 1.3 million of California’s 8.65 million homeowners being underwater. Thirdly, foreclosure pipeline which comprised a large share of home sales over the past few years has dried up and not many foreclosures are available for sale. Lastly, investors od both large and small scale, who recently bough properties are renting them instead of selling them. That may change as prices continue to improve. The low inventory market, however, may be good news now for sellers. Potential sellers who have been contemplating putting their home up for sale may want to take advantage o f the low inventory of homes available for sale and list their homes.
Source: March 2014 Market Snapshot California Association of Realtors