Category Archives: Home Buyers

When Does One-Half Equal More Than Five?

When Does One-Half Equal More Than Five?Since the election, interest rates have started going up. This will have a direct effect on the cost of housing. A one-half percent change in interest rates can affect your monthly payment more than a five percent change in home prices.

When does one-half equal more than five? When interest rates increase! Here’s what a change in interest rates costs you compared to a rise in home prices.

I’ve used a $500,000 purchase price with a 20 percent down payment. Interest rates are broken down in 0.25 percent increments from 0 to 1 percent. Price increases are broken down in 2.5 percent increments from 0 to 10 percent.

Continue reading When Does One-Half Equal More Than Five?

Real Estate 2017: What to Expect

Real Estate 2017: What to ExpectOne of the most common questions I get at this time of year is, “What’s going on in the market?” It’s not just potential buyers and sellers who are curious; homeowners always want reassurance their home’s value is going up. The good news is the American real estate market is strong and healthy. Home values are up, prices and sales are strong, and millennial, first-time buyers are eager to become homeowners.

We often use national real estate numbers to give us a clearer view of our local market. However, real estate is local, and while statistics and predictions help us understand the overall real estate market, our local market may be different. If you’re thinking of buying or selling, or just want to know how much your home is worth, give me a call!

Continue reading Real Estate 2017: What to Expect

Get a Home Inspection and Save Money

Get a Home InspectionOkay, you made one of the most important decisions in your life: you’re buying a home! You found your ideal home. It’s in your desired neighborhood, close to everything you need. You love its design and feel, and you’re ready to finalize the deal.

But, whoa … wait a minute! Buying a home isn’t like buying a toaster. If you discover something’s wrong with your new home, you can’t return it for a refund or exchange. You’re stuck with your buying decision. Purchasing a home is an important investment and should be treated as such. Therefore, before finalizing anything, your ideal home needs an inspection so you don’t throw your hard-earned money into a money pit.

Continue reading Get a Home Inspection and Save Money

Should You Buy a New or Existing Home?

Should You Buy a New or Existing Home?Maybe your dream home has the intricate details that you usually find only in older construction — wainscoting and crown molding in the interior, a large yard with an older tree shading the back yard, and a white picket fence.

Or maybe your dream home has all the conveniences of modern living — open floor plan in the living and dining spaces, large windows, connected, “smart” appliances, and minimalist design elements.

Whether you go for a brand new construction or an existing home, both types of properties have their pros and cons when it comes to purchasing. What type of home is right for you will depend on which factors are most important for your lifestyle.

Continue reading Should You Buy a New or Existing Home?

How to Buy a Home: 7 Tips and Tricks from Real Estate Insiders

How to Buy a HomeNo matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are 7 tips and tricks to buying a home.

Know Your Buying Power

What is your buying power? It is your ability to borrow plus the cash you have available for a down payment and closing costs. Your credit-worthiness and income will affect how much you can realistically borrow for a home.

Continue reading How to Buy a Home: 7 Tips and Tricks from Real Estate Insiders

How to Move But Not Increase Property Taxes

how to move but not increase property taxesAccording to a survey by the California Association of Realtors, one of the top reasons home owners have not considered selling is a concern that property taxes on another home would be too expensive.

For certain groups of people living in San Diego County and some other counties in California, there is a way to move but not increase property taxes.

California voters have passed several propositions, Propositions 60, 90 and 110, that allow eligible property owners to transfer the base year value of an existing principal residence to a replacement dwelling.

What do these propositions do? Who qualifies, and what are the benefits?

Continue reading How to Move But Not Increase Property Taxes

Things That Can Kill Your Credit Score

Things That Can Kill Your Credit Score

Some people take their credit for granted and don’t start paying attention to it until they need it. Doing this could cause them to pay more interest or keep them from getting a loan altogether.

There are several things that can kill your credit score. Knowing what they are and dealing with them ahead of time will save you time, money and headaches.

Continue reading Things That Can Kill Your Credit Score

The Impact of Home Staging

The Impact of Home Staging

You Need a Champion

championThe Super Bowl and World Series determine the football and baseball champions. Since there can only be one champion, the other team loses the competition. In feudal times, a knight might champion for the king or a patriotic, romantic or religious cause.

Fierce competition can occur when buying or selling a home because each party wants to get the best deal possible. When the buyer and seller are not be equally matched, and they rarely are, it is important to have a champion on your side to fight for your cause.

Continue reading You Need a Champion

Prices on the Uptick

Prices on the Uptick