There are many important things a Buyer should know before they even go looking for homes but here I’ve listed what I deem to be the five most essential points a Buyer should consider when buying a home.
Get familiar with the inventory
One of the best things a Buyer can do for themselves to begin is to start with a Real Estate web search such as Trulia where you can put in your desired size, location, purchase price and see what is being sold in that area. By knowing whats out there you get a realistic idea of what kinds of homes we’ll be looking at together. Continue reading
CHICAGO, IL–(Marketwired – Feb 12, 2014) – The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgages) dropped below 4% for the first time since 2008, ending Q4 2013 at 3.85%. The mortgage delinquency rate declined for the eighth consecutive quarter from 4.09% in Q3 2013 while dropping more than 24% from one year earlier (5.08% in Q4 2012).
All 50 states and the District of Columbia experienced a decline in their mortgage delinquency rates between Q4 2012 and Q4 2013. Only two states — New Jersey and New York — did not have double-digit percentage declines in their respective delinquency rates. Continue reading
Huntington Beach homes for sale
4 bdrm 2 bath home located minutes from the beach. This home is a single story, corner lot near the Bolsa Chica nature reserve. It features hardwood flooring and large living area with vaulted ceilings. Bright, open and airy with plenty of closet space throughout. Large backyard with RV access. $859,000
This 2 story 5 bedroom 4 bath home is situated in a quiet, highly desirable neighborhood and right across from Central Park and a short distance to dog beach. It features a downstairs bedroom, office and full bath and was completely rebuilt from the studs in 2004. Hardwood floors and new carpet throughout. $859,000 Continue reading
If you’re even THINKING about buying a home in the near future, here’s some reasons why you might want to pull the trigger sooner.
With interest rates on the rise the days of the 3.5% interest rate is long ago and experts predict we will not see a return unless the economy slips into another recession, an unlikely prospect.
Average rates for a fixed 30-year mortgage will rise to 5.5% by the end of 2014, says Lawrence Yun, NAR chief economist
Each percentage point increase in mortgage rates makes homes about 10% more expensive in terms of higher housing payments. Another factor could weigh on borrowers. Starting in January, lenders must make home loans that meet new federal qualified mortgage standards or face greater liability from borrower lawsuits, should the loans go sour, the new Frank-Dodd provision I mentioned here. Continue reading
Upgrade or Demo?
Note: All images are IDEAS only and not the actual project, when the project begins pictures WILL be posted!
I am about to embark on my first BIG home improvement project which seems to be turning into a home remodel project. I moved into this home in Huntington Beach in June of 2013 and while it suited my needs I knew work needed to be done, not just esthetically but certain necessary updates had to be improved for my family needs.
Wood Floors: Yes I purchased a home that has white carpets while living with a dog and two cats. “Easy fix” I thought and definitely something I recommend doing BEFORE you move in. Budget and time prevented me from following my own advice so now, with ALL the furniture in, I must remove the carpet and replace it with wood floors. Continue reading
Costa Mesa, Huntington Beach, Newport Beach, Santa Ana
Looks like December was a good time to close on a new home in Orange County, California. With families wanting to be all moved in for the holidays just goes to prove that Autumn months can bring Buyers to your door who aren’t afraid to pull the trigger to get into their next home before the year ends. While areas like Costa Mesa saw some homes come down in price, still many others actually raised their sales price to give the city 45 closed transactions. The Huntington Beach market was on fire with 140 closed sales for the month of December. Coming in not too far behind is Newport Beach with 72 closed sales while Santa Ana continued to prove it’s a city on the rise with 105 closed sales for December, should bring a sigh of relief to the many wonderful families who purchased their homes last spring and summer. For a list of every home that closed last month, please click the links below: