July 19, 2019

3 Tips That Will Help You Get the Most Out of Your Mortgage

Getting the most out of your home mortgage financing means following three key tips.

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Looking to buy a home? Click here to search all homes.

If you want to get the most out of your home mortgage financing, here are the three tips you need to follow:

 

1. Choose local. This way, your local lender and their team can use local resources and work with professionals who are familiar with the nearby neighborhoods and property types. They’ll have a great frame of reference to combat all the little challenges that may pop up. 

 

2. Get a referral. For example, this referral can come from a friend or a powerful agent. It’s powerful to work with someone who has impressed someone you trust. I recommend working with someone who only works in mortgage financing. Even if they’re an independent contractor, they’ll be motivated to give you good advice, meet deadlines, and deliver the service you need to have the most successful purchase possible. 

 


I recommend working with someone who only works in mortgage financing.


 

3. Understand the underlying benefits of your mortgage and how it relates to your purchase. For all my clients in competitive markets or competitive price ranges, rates and fees are very important to them, but there are other factors to consider as well. Being fully underwritten and having more favorable terms in your contract, for instance, are important variables. The relationship your lender has to the local real estate market counts for a lot, too. You want them to be able to pick up the phone, call the right person, and sing your praises as a buyer. 

 

Another subtle factor is your bank’s alignment with and relationship to the marketplace. If your bank has a negative reputation within the real estate industry, many listing agents may prefer not to work with them. 

 

If you have any other questions about the home mortgage process or what steps you need to take to purchase a home in 2019, don’t hesitate to reach out to me. I’d love to help you.

Posted in Buyer Tips
July 8, 2019

Don’t Fall for These Home Buying Myths

If you’re thinking of buying a home, steer clear of faulty real estate advice.

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.


If you’re planning on buying a home in the near future, you’ve probably already heard about the many supposed “rules” homebuyers are supposed to follow during the process. However, not all of these home buying rules are grounded in fact. Some are pure fiction. 

 

There are two main home buying myths that tend to hold buyers back from making a move: 

 
• Myth No. 1: You need a large down payment to buy a home. Recent studies have shown that more than half of buyers falsely believe that you need a down payment of 20% or more to buy a home. This simply isn’t the case. There are many financing options that allow buyers to put 3% or 5% down. Some loan programs even allow you to buy without any money down at all.

• Myth No. 2: You need a credit score of at least 780 to buy a home. Of all the approved home loans in today’s market, over half of the buyers behind those loans have a score of 750 or lower. As this point illustrates, it’s very common to secure a loan with a credit score below 780. Many lenders will even approve buyers with a credit score of 620, with some accepting lower scores than that. 


Not all home buying “rules” are grounded in fact.



The bottom line is this:
If you’re thinking of buying, please reach out to us so that we can help you not only buy a home, but also understand the difference between helpful home buying advice and real estate myths like the ones we’ve listed today. 

 

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

 

 

Posted in Buyer Tips
May 29, 2019

Aim a Little Higher With These 5 Life Hacks

Today’s message is specifically for people looking to improve their position in life. Keep reading to find out what I mean.

Selling a home? Click here to get a home value report.
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If improving your position in life sits atop your “to-do” list, stick around for today’s message because I have five hacks for higher achievement.

 

1. Wake up early. Believe it or not, research indicates that by the time the average person wakes up for the day, the most successful and productive among us have already accomplished more than the average person will all day.

 

2. Spend time in gratitude. The path to realizing success is never easy, but it’s aided along by taking time to recognize what we’re grateful for. For some, it might be doing something as simple as sitting in silent reflection. Personally, I like to journal and jot down a list of things or people that I’m most grateful for. That way, I stay devoted to my goals and remind myself of all the positives.

"The path to realizing success is never easy, but it’s aided along by taking time to recognize what we’re grateful for.

 

3. Exercise more. This isn't to say you need to take up marathon training or even join a gym. Whatever form of fitness you choose, it's important to get out and break a sweat. Design a workout regimen with weekly and monthly goals in mind and always be working toward those goals.

 

4. Drink less alcohol and more water. Cutting down on the amount of toxins we put into our body will work wonders— your mood, cognitive function, and sleep patterns are just a few of the things that are sure to improve.

 

5. Read more. As they say, "Readers are leaders." Some titles I've read recently include "Think and Grow Rich" by Napoleon Hill, "You Are a Badass" by Jen Sincero, and "The Power of Now" by Eckhart Tolle. It's only been in the last couple of years that I've read as much as I do now, and it's opened my eyes to new ideas, broadened my horizons, and facilitated more productive conversations with my peers, friends, and family.

 

I hope you found value in today’s list. If you have any questions about your personal, professional, and/or real estate goals, please feel free to reach out to me. If you know someone who might find this information valuable, share it with them as well. I hope to hear from you soon!

Posted in Pro Tips
May 21, 2019

5726 Honor Parkway - Unique Investment Opportunity

Posted in Listings
May 6, 2019

These Projects Won’t Add to Your Home’s Value

If you’re looking to increase your home’s value, here are five home improvement projects you’ll want to avoid. 

Selling a home? Click here to get a home value report.
Looking to buy a home? Click here to search all homes.

 

Here are five home improvement projects that won’t add value to your home:

 

1. Extensive landscaping projects. If you want to build a waterfall or a pergola, make sure it'll serve as a source of enjoyment, because these items won’t add to your home’s value.

 

2. Big improvement projects (e.g., building a new roof or adding a new HVAC unit). Buyers would certainly appreciate these kinds of additions, but that doesn’t mean they’ll make your home sell for more money. Taking on one of these projects would make more sense in terms of avoiding deferred maintenance when you do sell your home.


3. Adding a pool. It gets pretty hot here in Sacramento, but building a new pool on your property won’t bring much of a return on your investment. The only exception to this rule would be if you live in an area where everyone else in the community has a pool.

"Solar panels might decrease your home’s energy costs, but they won’t increase its value.

 

4. Painting the exterior of your home. While painting does give you the most bang for your buck in terms of home improvement, unless you’re doing that painting on your own, the cost of getting the job done outweighs its benefits. It might make it sell faster, but it won’t add any more value.

 

5. Adding solar systems. Solar panels might decrease your home’s energy costs, but they won’t increase its value.

 

If you have any questions about which home improvements make sense in your situation or you have any other real estate questions, feel free to reach out to me. I’d love to help you.

Posted in Seller Tips
April 23, 2019

Keep an Eye on These Real Estate Trends in 2019

There’s a lot going on in our local market right now, so let’s review three of the most important trends.

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Looking to buy a home? Click here to search all homes.

 

Our 2019 market is still in its early stages, and yet it’s already showed some interesting developments. Before we get any further into the year, I’d like to make you aware of three key trends you should keep an eye on:

 

1. The market is becoming more active. Compared to the end of 2018, pending home sales are up 68%. Homes in the median price range that are marketed effectively and are in good condition are receiving a lot of buyer interest right away, so it’s clear that our market has once again been set into motion.

"Our market has once again been set into motion.

 

2. The median home price is rising. The market had depreciated by almost 6% as we entered 2019, but after the first quarter of this year wrapped up, we rebounded with a growth of 3%. And prices continue to grow.

 

3. Interest rates are still low. Many homebuyers today are locking in 30-year fixed-rate mortgages at rates that are nearly 20% lower than those available at the end of 2018.

 

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Posted in Market Update
April 8, 2019

Accomplish Your Dreams of Homeownership in 6 Easy Steps

Here are six quick steps to take on the path to becoming a homeowner.

Selling a home? Click here to get a home value report.

Looking to buy a home? Click here to search all homes.

 

If your dream is to become a homeowner, here are six quick and simple steps to take to reach your goal:

 

1. Meet with a professional agent. Choose an experienced agent whom you trust and like to help you proceed to the next steps.

2. Meet with a lender for pre-approval so you know how much you’ll be able to afford and so you can get your interest rate locked in.

3. View homes online and at open houses while your agent previews homes that aren’t yet on the market.

4. Identify your ideal home and begin negotiations.

5. Do all of the due diligence and close on the property.

6. Move in!

 

If you have any questions about these six steps in the process of becoming a homeowner, feel free to reach out to me. I’d be happy to go more in-depth on any or all of these points.

Posted in Buyer Tips
March 25, 2019

Don’t Make These Mistakes When Selling Your Home

There are many listing faux pas every seller should avoid, and we’re going to count down five of the worst mistakes for you today.

Selling a home? Click here to get a home value report.

Looking to buy a home? Click here to search all homes.

 

Spring has sprung, which means many people are gearing up to put their homes on the market. Before you list, though, there are five common but crucial seller mistakes you should be aware of:

 

1. Not properly preparing your home for the market. Over-improving your property can damage your bottom line, but listing your home without bothering to clean or declutter is an even worse mistake to make. If you want to earn top dollar, the key is to strike a healthy balance between these extremes. Make strategic repairs and upgrades where they’re necessary, and make sure your home is generally neat and tidy.

 

2. Skimping on professional photography. It blows my mind that some people believe photos taken on a cell phone are enough. Our team knows that professional photography is key, and have even gone so far as to use video marketing for all of our clients.

"If you hire the right agent, they’ll help you avoid every mistake on this list.

 

3. Only considering one pricing strategy. When we help clients, we present them with three options we believe will fit their market, needs, and home.

 

4. Picking an agent based on price alone. The saying “You get what you pay for” definitely applies here. If you hire an agent who lacks experience, skill, and a track record of success, your home sale will suffer. The key to selling quickly and for top dollar is to partner with an agent who has experience, a strong marketing strategy, and a gleaming performance history. If you hire the right agent, they’ll help you avoid every mistake on this list.

 

5. Overpricing your home. The idea that you can set your price high and simply negotiate down often does more harm than good. Overpricing can cause your property to sit on the market without any offers. Pricing your home at fair market value, instead, will surely bring better results.

 

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

Posted in Seller Tips
March 11, 2019

5 Mistakes That Could Hurt Your Chances of Buying a Home

There are five important mistakes that every homebuyer should avoid making in 2019.

Selling a home? Click here to get a home value report.

Looking to buy a home? Click here to search all homes.

 

If you’re planning to enter the market to buy a home in 2019, you’d do well to avoid making these five critical mistakes:

 

1. Thinking that you need to put 20% down. Astonishingly, 49% of renters think that they need to put 20% down in order to buy a home. However, there are plenty of first-time homebuyer programs that require little, if any, money down. Depending on the program, 3% to 5% down is all you may need.

"Unless you’re working with a designer who will build you a custom home, there’s no such thing as a perfect home

 

2. Working with an amateur agent. You might have the urge to support your friend or family member who has a real estate license, but if that person also has a full-time job somewhere else, chances are they don’t have the expertise that you really need to rely on when it comes to making such an important decision.

 

3. Thinking you’ll find the perfect house. Here’s the truth: Unless you’re working with a designer who will build you a custom home, there’s no such thing as a perfect home. You need to have a reasonable expectation of what your budget can sustain, and you also need to be able to make some trade-offs.

 

4. Writing an offer in the hopes of getting a counteroffer. Over the years, I can’t tell you how many clients I’ve worked with have done this, thinking it might be a powerful way to negotiate. Ultimately, they often lost out on that property and the opportunity it presented. Instead, write an offer for acceptance.

 

5. Removing all emotions from the homebuying process. We don’t need you to be overly emotional when it comes to finding a home, but there is a lot of value in acknowledging some of the emotions you have about a property.

 

If you have any questions about this or other real estate topics, please feel free to reach out to me. We welcome any comments, feedback, or suggestions for future video topics.

 

Posted in Buyer Tips
March 6, 2019

647 Navigator Drive - Sale Pending!

Posted in Listings