Recently, I’ve talked with a number of prospective buyers who are hesitant to purchase real estate. Often times they'll say prices are too high or the market is due for some sort of correction -- or even crash. While these are legitimate concerns that should not be completely dismissed, the real estate market (like the [...]
As you probably know, home buying is a serious decision that should not be taken lightly. Buyers are often hesitant to jump into such a large purchase – and such an unfamiliar transactional territory. However, as outlined in our articles Tax Benefits of Homeownership and Renting vs. Buying, owning a home is a smart financial decision [...]
Most people dream of one day purchasing a home which requires a down payment. Strategizing now about how best to achieve homeownership will make the process that much easier when it is time to buy. Committing to a well-organized and detailed financial plan will help you achieve your objective and keep you focused throughout the [...]
A frequent question that prospective home buyers must ask themselves is whether they should continue to rent or potentially spend a bit more per month and venture into buying a home. I am going to try to help break down each of these options and get into some details about owning that you may or [...]
Whether you are the listing agent for a property or you have decided to take on the daunting task of selling your own home, an open house is an extremely important tool for drawing the interest of qualified buyers. Even in high-demand markets like San Diego and Orange County, simply setting a date and opening [...]
Loan Qualification Table: Get off the sidelines, you can qualify to purchase a nicer home than you think! A huge part of being a real estate brokers in San Diego is to educate clients about the home-buying process. The first step that first-time home buyers often overlook is the loan qualification process. To truly understand what [...]
Define Multifamily Ownership. As I mentioned in last week’s Client Focus article, there are many benefits to multifamily ownership in residential real estate. To kick off this conversation, I would like to first explain what exactly constitutes multifamily real estate . Basically, any piece of land or parcel that has more than one legal dwelling unit is [...]
1. YOU SPEND MORE MONEY ON REAL ESTATE THAN ANYTHING ELSE On average, residents of California spend between 24 and 30 percent of their monthly income on Housing. Transportation comes in at a distant second to real estate, eating up between 13 and 16 percent of annual income (unless you’re an Orange County housewife living [...]
As the events of the last few years in the real estate industry show, people forget about the tremendous responsibility of financing a home at their peril. Here are a few tips for dealing with the dollar signs so that you can take down that “for sale” sign on your new home. Pre-Approval Sub-primes may [...]
Looking to buy a home? Here are five essential tips for buying a home to make the process as smooth as possible. Get Your Finances in Order Start by getting a full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, find [...]