San Diego – Prefab home start-up moves headquarters to SD

A Northern California startup that designs and makes high-tech, prefabricated houses is moving its entire executive staff — and their families — to San Diego, where the company is setting up new headquarters with a fresh focus on software.

The startup, Dvele (pronounced deh-VELL), just closed on a $14 million round of cash from Texas investors Crescent Real Estate, the company announced Thursday. With the new funds, they’re moving from Santa Rosa to Bird Rock. Dvele plans to hire 40 people in San Diego over the next year to build up a software engineering team, along with a sales and marketing staff.

The company, founded in 2017, uses their back-end software to design and build luxury homes that are factory-built and then quickly assembled on site. Dvele’s homes are loaded with high-end technology meant to help homeowners take care of their property. The houses have things like sensors that detect moisture in the walls and particulate counts in the air.

Homeowners should be notified when their houses need care, just like cars remind drivers of necessary maintenance, said CEO and co-founder Kurt Goodjohn.

“An Audi will have a check engine light on if you need maintenance, but most homes don’t have anything like that,” Goodjohn said.

read more at:

disclaimer: for information and entertainment purposes only

California’s Real Estate Market Cooling

Home prices increased more than 6 percent nationally last year, with lower-priced homes seeing some of the largest gains. This was bad news for entry-level buyers who couldn’t afford the higher prices.

In the costliest markets, like California, where the median home price was around $530,000 in 2018, about 70 percent of residents couldn’t afford to buy a home. However, California’s market is starting to cool as are some of the least affordable areas on the West Coast. The rest of the country is expected to see a slowdown, as well, to around 4 percent.

However, that’s not enough of a drop to cause a big change in the market this season, McBride says. Instead of waiting for the market to take a plunge, people who are serious about buying a home should financially prepare themselves now.

“Price dynamics will differ by market, but most markets are unlikely to see significant price erosion this year – they just won’t see significant price appreciation either,” McBride says. “The right time to buy a house is when you are financially prepared to do so, your life circumstances are supportive of buying, and you find the right home at the right price. Waiting can help build a better financial foundation but offers no guarantees of future market conditions.”

For many homebuyers, 2019 might prove to be a better year for buying.

Last year, buyers in many areas faced significant roadblocks to homeownership, such as a severe inventory shortage, home price growth at twice the rate of income growth and increasing mortgage rates. The situation isn’t expected to drastically change this year, but it’s getting better.

Most experts predict housing starts to increase by around 2.5 percent. Although those are modest gains, when coupled with a strong job market and increasing wages, buyers will have a little more momentum going into the buying season.

“This is going to be a pretty good spring, we’re seeing growth relative to last year in home sales. Not a blowout year, but increasing by a couple of percent relative to where they were last year,” says Michael Fratantoni, Mortgage Banker Association chief economist.

read more at:

Disclaimer: for information and entertainment purposes only

7 important tasks sellers forget when selling their home

To make the sale run more smoothly, go through your house pretending to be an objective buyer and look for obvious faults which could be remedied, making sure these tasks are on your to-do list.

1. Deodorize the home

We all get used to the smell of our own houses to the point that we’re immune to distinct aromas. But when buyers are entering your home, you want to make sure the house gives a great first impression.

Air out the house to remove any stuffy air, and remove any cat litter trays, dog beds or anything else which may harbour pet odours.

If there is any mold, there is often a musty smell that lingers which makes the house seem unhealthy and neglected. Remove mold by spraying it with white vinegar then, using hot water and bicarbonate of soda, scrub the area and let dry. This should kill most of the mold, reducing the smell.

2. Remove the junk

It is easy to hoard lots of unused, unnecessary junk if you have lots of storage such as a basement, attic or space under the house. Buyers may fear this clutter will be left behind for them to sort out, and this can be off-putting.

If you leave it behind, the buyer can force you to remove it, or pay for its removal. Instead, clear the clutter ahead of time to show off the ample storage your home offers. When it comes time to move, there will also be less to shift.

read more at: