Ricky Aranda Real Estate Podcast

A common question I get asked is, “When is the best time to put my home on the market?” The answer is now.

I know you may think that I’m just trying to get your business, but the truth is the market has extremely low inventory right now, which means there are more buyers out there than there are properties available.




Because of this, we’re seeing a lot of multiple offer situations which are driving up sale prices. If you’re trying to get the most amount of money in the least amount of time, I definitely recommend putting your home on the market right now.

If you have any other questions or are looking to buy or sell a home, please feel free to give me a call or send me an email. I would be happy to help!

Why is it important to work with an agent who has a lot of buyer experience?

In today’s market, inventory is very low, which causes a lot of issues. If you want to buy a home, you are facing a lot of competition. Last year, if you submitted an offer on a house, it was probably the only offer on that property. Today, even if you make an offer on a home the day it hits the market, you could be competing with as many as four other buyers.




That makes things really challenging for buyers right now. You need an experienced agent who can get your offer accepted. We are still able to get a lot of buyers into homes because we have many savvy techniques to get an offer accepted.

It’s one thing to work with a nice agent but you have to ask yourself, “Does this agent have what it takes to get my offer accepted?” Any agent can submit an offer, but getting an offer accepted is another story.

If you have any questions about navigating the current market, just give us a call. We would be happy to help you!

Recently, interest rates went up. What does that mean for you?

Rising interest rates are not a bad thing; in fact, they indicate that the economy is improving. Ultimately, it’s still a good time to buy a home because you won’t have to pay the 9% interest rates of the past. Depending on your credit score, you might not have to pay more than a 5% interest rate.

However, we recommend locking in a low interest rate on a 15-year or 30-year mortgage now, as interest rates should continue to rise.



With the new year, our market will have a lot of activity. However, inventory is still low, so make sure you get pre-qualified now. That way, when your dream home comes on the market, you will be able to make an offer right away. Getting pre-qualified also gives you an advantage in this market, as we are still seeing multiple offers due to low inventory.

If you have any other questions about interest rates or our current real estate market, just give me a call or send me an email. I would be happy to help you!

Whether you are buying or selling a home, you may end up in a real estate transaction that falls apart. Why do some real estate deals fall through?

There are many factors that go into a real estate deal, but there are three main reasons why a transaction could fail:

1. You ask for too much on the inspection report. Since we have low inventory right now, sellers often end up with multiple offers. As a result, they are not going to fix every single item on the inspection report. If you are buying a home, focus on the major issues in the home rather than requesting a bunch of cosmetic fixes. If you ask the seller to take care of everything on the list, they will simply move on to one of the other six offers they have on their home.

2. Your real estate agent gets emotionally involved. Unfortunately, there are a lot of agents out there who let their emotions interfere with your transaction. As real estate agents, our job is to represent our clients’ needs and interests. Sometimes agents feel as if they are the ones buying the property and end up taking everything personally, which can cause your deal to fall through.




3. Bad negotiation tactics. In today’s market, if you offer $250,000 on a house that is worth $300,000, you could really insult the seller. Our job as real estate agents is to get you the best deal, but we are also here to educate you. That way, you can offer a fair price, avoid angering the seller, and get a deal done. If you insult the seller at the beginning, you’re in for a difficult battle during the negotiations.

Fortunately, a professional real estate agent can help you avoid any of these problems. If you have any other questions about buying or selling a home, just give me a call or send me an email. I would be happy to help you!