Tag Archives: how to buy a house

Just What Is a Real Estate “Comp” Anyway?

Whether you’re selling a home, or buying one, the Comparative Market Analysis is your best friend.

Okay, so you’ve decided to sell your home. Congratulations! Now comes the big question: What price are you going to ask for? This of course leads to a What is a comparable market analysisfollow up question: How do you arrive at that price?

Or…you’ve made the decision to buy a home. Great! So how do you arrive at your asking price when putting together your purchase offer?

In discussing the value of real property, we have to look at it differently from how we might look at selling something personal, like a car. Real estate value fluctuates under conditions much like the stock market, only with a few differences. read more

Getting What You Want In a Hot Market

Homes are still quickly changing hands in the SCV, but does that mean buyers can’t get what they want?

We’ve seen a true rebound in the real estate market here in Santa Clarita. Median single family home prices have topped the $500,000 mark, and How to get what you want when buying a homesome homes are still receiving multiple offers, making sellers very happy. However, does this mean you can’t get what you want when it comes to purchasing a home in this climate? Here are three things to consider when making your offer.

1. Be on solid financial ground, loan-wise.

In a normal market, a loan pre-qualification letter is usually good enough to get your foot in the door with the seller in order to have them take your purchase offer seriously. However, if you can obtain a loan PRE-APPROVAL, that lends more credence to your offer in the seller’s eyes, and lets them know that you would be at much less risk of not closing the deal. Adding a sizable good faith deposit will look good in their eyes as well. read more

Are You Leaving Money On The Table When Buying Your Home?

What can you do to save some cash on your home purchase?

As a home buyer, you know that your purchase will come with some out-of-pocket costs. Even if you’re taking advantage of a zero down loan, there are

Buying a home: Cash at closing

still associated costs before you can get into your home.

So what can you do to insure you’re not paying more than you have to in order to close escrow? Here are a few suggestions.

First and foremost, do your best to have the best credit score possible.

The better your credit, the better your chances of qualifying for a loan with a lower interest rate, which will save you a lot of money on your monthly mortgage payment, as well as the overall cost of your loan.

Shop for the best loan. read more

Interest Rates Take Another Plunge

Mortgage rates at a near 52 week low for the second time in 2014.

It wasn’t so long ago that mortgage interest rates were at their lowest point in like, ever! Looking back at the spring of 2013, we saw rates below 4 percent and holding.Santa Clarita Real Estate Update

Then something happened that would shake up the mortgage world, if only just a tad. The Federal Reserve announced that they “may” reduce their $85 billion monthly stimulus in backing Mortgage-Backed Securities (MBS). This caused a very short-lived panic as some investors began selling off their own securities, thus compelling rates to jump into the 4’s. read more

Keller Williams New Mobil App – Download it now..A Must Have

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To connect with us, please enter the agent code KW1GZNYJA at the startup of the app or via the "My Agent" button on the main menu.  Once you’ve entered our code, you can contact us directly with questions or requests regarding any property.

  

Rise in New Home Sales Show Promise For Market Recovery

When the economy took a negative turn a few years ago, one of the industries hardest hit in the real estate community were new home sales. Recovery had been slow for this industry, but this year, it appears new home sales have turned a corner in the positive.

According to the Commerce Department, new home sales in April rose 3.3%, and the median selling price of a new home is up 4.9% over the previous year.  Sales are still slow compared with the boom years when they reached a rate of close to 1.4 million, but the month’s results were slightly better than expected. read more

First-Time Home Buyer Grants

2012/2013 First-Homebuyer Grant Program for San Fernando & Santa Clarita Valleys

The Southland Regional Association of REALTORS® is currently offering grants to qualified homebuyers who purchase their first home within the San Fernando or Santa Clarita Valley and have a low to moderate income-level. The amount of each grant will be $2,000 and will only be paid to qualified applicants after the close of escrow while funding lasts. Repayment of grant is not required.

NOTE: THERE ARE A LIMITED NUMBER OF GRANTS. GRANTS WILL ONLY BE AWARDED TO THOSE APPLICANTS WHO QUALIFY AND WILL BE DISTRIBUTED ON A FIRST-COME, FIRST-SERVE BASIS. THIS GRANT PROGRAM WILL LAST ONE YEAR BEGINNING MAY 7, 2012 OR UNTIL ALL GRANTS HAVE BEEN AWARDED, WHICHEVER COMES FIRST. BUYERS MUST BE ADVISED THAT SIMPLY SUBMITTING AN APPLICATION DOES NOT GUARANTEE AN AWARDED GRANT. read more

An Investment home? IN THIS MARKET?

Believe it or not, real estate is one of the best investments to be made. Rarely is there any other solid investment that increases (historically) on average 3 to 5% per year; which may not sound like much, but if you consider the volatility of other investments (such as stocks, hedge funds, etc.), real estate on average is a pretty safe bet.

“But wait!” You are thinking out loud. “My home lost X amount of dollars in the past few years. WHADDYA MEAN it’s a safe bet?” read more

Writing Right Offers in Their Own Right

This is what NOT to do when writing a purchase offer!

There is a delicate balance in the art of negotiation. Many on both sides of a negotiation misinterpret “winning” as completely destroying the other side and taking all the marbles. They see a negotiation as something similar to a jousting competition where one will completely knock the other off the horse to achieve a victory.

Then there’s the art of the “Win-Win.” A scenario where both sides feel good about how the negotiation was settled, and the transaction goes through in an extremely positive manner without any hard feelings or remorse. read more