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Showing posts with the label price

2025 Thorne Home Team Sales!

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  28 Octavia St, San Rafael We had our busiest year yet! We are so proud and thankful to have been a part of 28 sales, and nearly $34 million in sales volume.  We are all living through global, economic, and environmental shifts, not to mention our own personal soul journeys and all the challenges that come with growth and expansion. And personally, we are just so thankful for the support we get every day from family, friends, clients, and other real estate professionals.  Truly, this year in particular, we helped SO many kind, open-hearted and special clients move to and from Marin County, and it's years like these that make our job feel fun. Cheers to every buyer, seller, agent, mortgage broker, and title officer we worked with this past year! It was a smooth ride!  If you're in the market or if you're just interested in checking out our 2025 sales, scroll through the below. We sold a wide range of homes in multiple areas of Marin, so chances are we can help you to...

Thorne Home Team - April/May Market Snapshot!

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We are seeing a vital Spring market with lots of new inventory and an increasing median sales price. On average, homes are selling for over the asking price, a 102.1% sales price/list price ratio in May, indicating buyer competition in the market.  At Thorne Home Team, we have experienced some multiple offer situations in the past couple of months, but also some price reductions as well. Interest rates continue to limit purchasing power for buyers and creates a "pickier" environment with higher monthly mortgage payments. And the usual message applies for sellers - make sure to do the up-front market prep and staging for your home and you'll have your best shot at receiving multiple offers. Vacant and staged homes will get the most foot traffic. Reach out with questions! We are happy to help! Search properties here: thornehometeam.com naomi@thornehometeam.com katherine@thornehometeam.com

Marin County Market Update - Q1 2025

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  In Q1 in Marin County, the number of sales is up 22% compared to 2024. 314 properties were sold and the average days on market was 50. Average sale price ranged from $1.278 million in Fairfax all the way up to $6.817 million in Belvedere. In the highest and lowest price points in Belvedere and Fairfax, properties stayed on the market longest at an average of 71 and 66 days. Lowest average days on market were 9 days in Kentfield and 10 days in Larkspur.  If you're searching for a home in Marin or if you want to know what your home is worth, reach out directly. We would love to help! 415.559.5280 naomi@thornehometeam.com katherine@thornehometeam.com thornehometeam.com

Every Seller Wants to Know: Which Home Projects Should I Do for Resale?

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124 Surrey Ln, San Rafael CA The very first question we get when we meet with a homeowner who wants to sell their home - what do I need to fix or remodel for resale? As real estate agents, we like to meet with sellers at their home to walk through the property and discuss specifically which repairs to prioritize. But it also helps to have a more general idea of what's going to give you the most bang for your buck. You might be surprised which items are at the top of the list! A recent report by the National Association of Realtors® shows which projects offered the highest returns. The Remodeling Impact Report estimates the following cost recovery at resale: 1. New Steel Front Door: 100% 2. Closet Renovation: 83% 3. New Fiberglass Front Door: 80% 4. New Vinyl Windows: 74% 5. New Wood Windows: 71% 6. Basement Conversion to Living Space: 71% 7. Attic Converstion to Living Space: 67% 8. Full Kitchen Renovation: 60% 9. Minor Kitchen Updates: 60% 10. Bathroom Addition: 56% 11. New Primar...

The Absolute Best Way to Add Value to Your House

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Fix the worst flaw! Savvy investors know that adding square footage and renovating kitchens and baths are among the best returns on your investment. But truly, you could do those things and still have a blaring issue with selling your house. So while expensive renovations may increase the value, you’ll have a terrible time selling the house, possibly going through several price reductions, so what’s the point? Let’s say you bought your starter home when you were a young bachelor or bachelorette and it happened to be on the corner of a busy street. Hey, that’s all you could afford and you really loved the house! In this situation, you could build a master suite and renovate the heck out of the kitchen, but buyers would still put a big "X" through your house because of that busy street. So consider your home’s biggest flaw first - road noise and privacy. Perhaps your money is best spent on the tallest fence allowed by your local ordinance. Or perhaps you could plant ...

Multiple Offers - How Do You Decide How Much To Offer?

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You’ve heard all the hysteria - your friend’s neighbor made 7 offers before they finally got one accepted. Whoa! That’s a roller coaster of waiting and despair on repeat. But honestly, that doesn’t have to be you! Never go into a multiple-offer situation with this mindset: “But what if I overpay??” I’m sorry to say... but this is about WINNING! Well not exactly, but it is about getting your offer accepted on your dream house. First, you should truly take a moment to consider how much you love this house. If you love it and you can’t imagine living in any other house, then you have to go all in. You’ll regret it later if you don’t. So what is the offer price that will beat out all of the other offers? First consider the big picture. If your agent says buyers are typically offering $100-$200k over asking in this price range, you know other agents are telling their buyers the same thing. So that sets the scene. If your agent tells you there are 25 disclosure packages o...