It’s a Sellers Market – Should I downsi

March 22, 2017

It’s a Sellers Market – Should I downsize now?

A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their houses in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market.
In a blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:
– A smaller home means less space, but it also means less time, stress and money spent on upkeep.
– Let’s assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1–1.6 million in the bank to get you through your golden years.
– Use the proceeds from selling your current home to pay cash for a smaller one. Just imagine what you could do with no mortgage holding you down! If you can’t pay cash, aim for a 15-year fixed rate mortgage and put at least 10–20% down on your new home. Apply the $500 you saved from downsizing to your new monthly payment. At 3% interest, you could pay off a $200,000 mortgage in less than 10.5 years, saving almost $16,000 in the process.
Bottom Line:
A study by Fannie Mae revealed that only 37% of Americans believe that they have significant equity (> 20%) in their current home. In actuality, CoreLogic’s latest Equity Report revealed that 78.9% have greater than 20% equity. That equity could enable you to build the life you’ve always dreamt about.
If you are debating downsizing your home and want to evaluate the options you currently have, let’s meet up to help guide you through the process.

4 Great Reasons to Buy This Spring! Here

March 20, 2017

4 Great Reasons to Buy This Spring!
Here are 4 great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae & Freddie Mac are in unison, projecting that rates will increase by at least a 1/2 a percentage point this time next year.
An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.
3. Either Way, You are Paying a Mortgage
There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.
4. It’s Time to Move on with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.
But what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide if it is worth waiting.
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

The Connection Between Home Prices & Fam

March 6, 2017

The Connection Between Home Prices & Family Wealth –
Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
So, what does this mean for homeowners and their equity position?
As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. If we look at only the projected increase in the price of that home, how much equity will they earn over the next 5 years?
Since the experts predict that home prices will increase by 4.4% this year alone, the young homeowners will have gained $11,000 in equity in just one year.
Over a five-year period, their equity will increase by nearly $43,000! This figure does not even consider their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.
Bottom Line:
Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!

Open House! 1565 Strawberry Drive, Perri

March 2, 2017

Open House!
1565 Strawberry Drive, Perris, CA.
Join me Sat 3/4 and Sun 3/8 11:00 am – 2:00 pm to see this great single story home.
Click on link for more info…

According to a survey conducted by Bankr

February 27, 2017

According to a survey conducted by, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017.
The survey also revealed 3 key takeaways:
– Those most likely to buy are ‘Older Millennials’ (ages 27-36) or ‘Generation X’ (ages 37-52)
– Many potential buyers believe they need to put 20% down and need to have perfect credit to own and are unaware of programs that would allow them to buy with lower down payments, and less than perfect credit.
– Holden Lewis, a mortgage analyst for, pointed to one big reason why many Americans are starting to consider homeownership:
“Having kids and raising a family is a primary reason why Americans take the leap into homeownership—many consider it a key component of the American dream.”

Open House! 9957 Pasatiempo Place, Moren

November 16, 2016

Open House!
9957 Pasatiempo Place, Moreno Valley, CA.
Join me Sat., 11/19 10:30 am – 1:00 pm to see this wonderful home.
Click on the link for more info

OPEN HOUSE! 13608 Baxter Court, Moreno V

September 22, 2016

13608 Baxter Court, Moreno Valley, CA.
Saturday, Sept 24 from 1-3:30 pm
Click on the link for more info:

20675 Golden Rain Road, Riverside, CA. J

September 16, 2016

20675 Golden Rain Road, Riverside, CA.
Join me Sat., 9/17 11am-1pm or Sun., 9/18 1-3pm
to see this wonderful home in Orangecrest.

13608 Baxter Court, Moreno Valley Single

September 9, 2016

13608 Baxter Court, Moreno Valley
Single Story Home!
Open House Sat 9/9 12-3pm and Sun 9/10 1-3pm

Open House! Join me Sat., May 28 & Sun.,

May 25, 2016

Open House!
Join me Sat., May 28 & Sun., May 29 from 1-4 pm to see this wonderful home in Lake Hills Reserve Community.