Can Your Real Estate Agent Answer These

June 22, 2017

Can Your Real Estate Agent Answer These Important Questions?
Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the process and explain the industry ‘lingo,’ but you should expect so much more than that.
The housing crisis made everyone aware that truly understanding the real estate market is more complicated than it seems. Today, there are many questions your real estate agent must be able to answer to ensure your family is making the right decision. Here are just a few:
What impact does the movement in mortgage interest rates have on buyer demand?
With home prices increasing rapidly, are we headed toward another housing bubble?
Do you need a 20% down payment to purchase a home?
Why can’t we list at a higher price and drop it later if necessary?
When you are interviewing an agent to represent your family in your next real estate transaction, make sure they can intelligently answer all your questions, while simply and effectively explaining what is happening in the current housing market. http://ow.ly/i/vXorP

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June 22, 2017

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If Your Home Hasn’t Sold Yet… Definitely

June 21, 2017

If Your Home Hasn’t Sold Yet… Definitely Check the Price!
The residential housing market has been hot. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong ­throughout spring as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?
If your house hasn’t sold, it could be the price.
If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prosp­­ective buyers that will even see your house. See chart below.
Bottom Line:
The housing market is hot. If you are not seeing the results you want, sit down with your agent and revisit the pricing conversation http://ow.ly/i/vXna8

The Impact Your Interest Rate Makes Some

June 21, 2017

The Impact Your Interest Rate Makes
Some Highlights:
Interest rates have come a long way in the last 30 years.
The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.
Interest rates are at their lowest in years… RIGHT NOW!
If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act! http://ow.ly/i/vXm7v

5 Reasons You Should Sell This Summer He

June 20, 2017

5 Reasons You Should Sell This Summer
Here are five reasons listing your home for sale this summer makes sense.
1. Demand Is Strong:
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now:
Housing inventory is currently at a 4.2-month supply, well under the 6-months needed for a normal housing market. This means, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory could be coming to the market soon.
There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation.
3. The Process Will Be Quicker:
Fannie Mae anticipates an acceleration in home sales that will surpass 2007’s pace. As the market continues to strengthen, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to a new low of 42 days, after seeing a 12-month high of 48 days in January.
4. There Will Never Be a Better Time to Move Up:
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.9% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
5. It’s Time to Move on with Your Life:
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health?
Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire. http://ow.ly/i/vXkXH

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June 20, 2017

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Why Working with a Local Real Estate Pro

June 19, 2017

Why Working with a Local Real Estate Professional Makes All the Difference
If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” about how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the millennial generation’s mantra is, “local, local, local.”
CentSai, a financial wellness online community, recently surveyed over 2,000 millennials (ages 18-34) and found that 75% of respondents would use a local real estate agent over an online agent, and 71% would choose a local lender.
Survey respondents cited many reasons for their choice to go local, “including personal touch & handholding, longstanding relationships, local knowledge, and amount of hassle.”
The findings of the CentSai survey are consistent with the Consumer Housing Trends Study, which found that millennials prefer a more hands-on approach to their real estate experience:
“While older generations rely on real estate agents for information and expertise, Millennials expect real estate agents to become trusted advisers and strategic partners.”
When it comes to choosing an agent, millennials and other generations share their top priority: the sense that an agent is trustworthy and responsive to their needs.
Bottom Line:
Many wondered if this tech-savvy generation would prefer to work with an online agent or lender, but more and more studies show that when it comes to real estate, millennials want someone they can trust, someone who knows the neighborhood they want to move into, leading them through the entire experience. http://ow.ly/i/vXpxj

Buying Is Now 33.1% Cheaper Than Renting

June 19, 2017

Buying Is Now 33.1% Cheaper Than Renting in the US
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), and 33.1% nationwide!
Other interesting findings in the report include:
– Interest rates have remained low and, even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation.
– With rents & home values moving in tandem, shifts in the ‘rent vs. buy’ decision are largely driven by changes in mortgage interest rates.
– Nationally, rates would have to reach 9.1%, a 128% increase over today’s average of 4.0%, for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.
Bottom Line: Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find your dream home. http://ow.ly/i/vXiJ5

Do You Know the Cost of NOT Owning Your

May 15, 2017

Do You Know the Cost of NOT Owning Your Home?
Owning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.
What proof exists that owning is financially better than renting?
The latest Rent Vs. Buy Report pointed out the top 5 financial benefits of homeownership:
a) Mortgage payments can be fixed while rents go up.
b) Equity in your home can be a financial resource later.
c) You can build wealth without paying capital gain.
d) A mortgage can act as a forced savings account.
e) Overall, homeowners can enjoy greater wealth growth than renters.
– Studies have shown that a homeowner’s net worth is 45x greater than that of a renter.
– Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment –along with a profit margin!!
Bottom Line:
Owning a home has always been, and will always be, better from a financial standpoint than renting. http://ow.ly/i/uPN4U

Open House! 8382 Lakeside Drive, Riversi

May 4, 2017

Open House!
8382 Lakeside Drive, Riverside, CA.
Join me Sat 5/6 and Sun 5/7 11:00 am – 2:00 pm to see this wonderful home.
Click on link for more info.. http://ow.ly/Ihsk30brBjd