Low Interest Rates Have a High Impact on Your Purchasing Power According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs,…
2 Charts That Show the Truth about Home Affordability There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in…
The Real Reason Home Prices are Increasing There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this…
The benefits of owning your home instead of renting
If you have ever participated in a weekend of showings of any San Diego real estate, you will have noticed that some houses make you feel welcome while others make you feel like you need to turn and run as soon as you step in the front door.
In San Diego, it is common to see listings with value range pricing. Its effectiveness has been debated since the beginning and, although its use has decreased over the years, it is still practiced widely in San Diego.
An experienced real estate agent, like me, can provide the seller with the current market value of the house for free.
Perhaps no situation facing buyers or sellers is more potentially frustrating or fraught with potential for misunderstanding and for missed opportunity than presenting and negotiating multiple, competing offers to purchase the same property.
Congratulations on the purchase of your new home! Follow this link to establish your California Homestead Exception (Homeowners’ Property Tax Exemption).
There are 14 different industries that get involved in your real estate transaction. This means hundreds of calls, emails and legal documents during the 7 stages of your real estate transaction. Mistakes on these documents can be very costly to you.
Staging San Diego homes can increase a buyers interest and get the seller a higher price – faster!
Zillow Zestimate is a good starting point, but, with a 9% median error, when you need a more accurate valuation of your San Diego home, call a local real estate broker.