Monday, December 30, 2013
Sunday, December 29, 2013
Saturday, December 28, 2013
Thursday, December 26, 2013
Monday, December 23, 2013
5 Tips to Help Clients Improve Their Credit
5 Tips to Help Clients Improve Their Credit
Take care of business first, then set aside your down payment, plan 3.5-5% or higher like 10% or 15% and best 20% or more for your total down payment.
Additionally, set aside your closing costs to bring in a cashiers check to the title company one week prior to your close of escrow to your Buyer's Sign Off appointment with the Title Company Escrow Officer.That amount is safe to set aside 3% of the purchase price additional to the down payment. Closing costs can vary from lender to lender, and you may or may not have some or all of the closing costs on your HUD 1. Closing costs typically are the recurring and non recurring items. Like for example, Prepaid Taxes, Insurance, PMI known as Pre-Paid Mortgage Insurance. The closing costs may include fees due to a licensed contractor, handyman, inspector, appraisor, repairs, Title Company fees, Alta and CLTA fees.
Well prepared buyers, enjoy smooth transactions that are more likely to close the escrow and not fall apart or delay the close of escrow.
Take care of business first, then set aside your down payment, plan 3.5-5% or higher like 10% or 15% and best 20% or more for your total down payment.
Additionally, set aside your closing costs to bring in a cashiers check to the title company one week prior to your close of escrow to your Buyer's Sign Off appointment with the Title Company Escrow Officer.That amount is safe to set aside 3% of the purchase price additional to the down payment. Closing costs can vary from lender to lender, and you may or may not have some or all of the closing costs on your HUD 1. Closing costs typically are the recurring and non recurring items. Like for example, Prepaid Taxes, Insurance, PMI known as Pre-Paid Mortgage Insurance. The closing costs may include fees due to a licensed contractor, handyman, inspector, appraisor, repairs, Title Company fees, Alta and CLTA fees.
Well prepared buyers, enjoy smooth transactions that are more likely to close the escrow and not fall apart or delay the close of escrow.
How You Made 2013 a Successful Year in Real Estate
How You Made 2013 a Successful Year in Real Estate
I enjoy other people's success. It show's me I can do it to! I am so excited for our New Year 2014!
I enjoy other people's success. It show's me I can do it to! I am so excited for our New Year 2014!
Friday, December 20, 2013
30-Year Rates Average 4.47% This Week
30-Year Rates Average 4.47% This Week
Mortgage rates are reported by National Association of Realtor for the week ending December 20, 2013
Mortgage rates are reported by National Association of Realtor for the week ending December 20, 2013
Thursday, December 19, 2013
Many Borrowers Facing Higher Mortgage Costs Next Year
Many Borrowers Facing Higher Mortgage Costs Next Year
This article talks about high good credit scores and does not even mention the even more higher credit score achievable. Nor does it mention the low credit scores, and cash poor with little down payments. Those that have been relying on the opportunity to consider buying a home with 3% or 3.5 % down payments. What will happen to all those buyer's who wanted to purchase, were out bid, distracted, or discouraged by high demand of previous months with bidding on homes in many locations and price points. Particularly lower end price points as in $250,000 to $300,000. Investors with all cash gobbled up many of the homes on the market and the people attempting to buy with minimal cash down and loans of FHA were out bid. I had some of those buyers.
For those that decided to wait to see if things cooled and slowed down, now you may be in for more challenge. Higher interest rates, property appreciation contributing to higher market list starting price points. Negotiating a home in Spring looks like prediction and forecast says warning, "Buyer's may pay more!"
Issues arise then if you are with tight and little down payment, qualified to purchase in a price point that you have been out priced in the communities of your preference to live. You now have options to relocate to a more affordable town where homes are with in your qualified buying power. Find ways to come up with larger down payments and work on your credit score because your FICO will dictate what interest rate you qualify for.
Owning a home is the means to secure your wealth, by building equity as property values appreciate. Renting in this current economy cost more than owning a home. It is now less expensive to buy a home than to rent. If you are choosing to rent, you will continue the struggle of paying high rents. As interest rates rise, rents rise. Less rental vacancies. Homeowners will enjoy property appreciation in rising property values.
I am encouraging renters, to do everything possible to focus on saving, visiting their credit and fixing what needs to be fixed, saving for your down payment. Take that leap of faith by planning, preparing, and learning about home ownership and what you need to do to become a home owner.
Home ownership is still the American Dream for many.
This article talks about high good credit scores and does not even mention the even more higher credit score achievable. Nor does it mention the low credit scores, and cash poor with little down payments. Those that have been relying on the opportunity to consider buying a home with 3% or 3.5 % down payments. What will happen to all those buyer's who wanted to purchase, were out bid, distracted, or discouraged by high demand of previous months with bidding on homes in many locations and price points. Particularly lower end price points as in $250,000 to $300,000. Investors with all cash gobbled up many of the homes on the market and the people attempting to buy with minimal cash down and loans of FHA were out bid. I had some of those buyers.
For those that decided to wait to see if things cooled and slowed down, now you may be in for more challenge. Higher interest rates, property appreciation contributing to higher market list starting price points. Negotiating a home in Spring looks like prediction and forecast says warning, "Buyer's may pay more!"
Issues arise then if you are with tight and little down payment, qualified to purchase in a price point that you have been out priced in the communities of your preference to live. You now have options to relocate to a more affordable town where homes are with in your qualified buying power. Find ways to come up with larger down payments and work on your credit score because your FICO will dictate what interest rate you qualify for.
Owning a home is the means to secure your wealth, by building equity as property values appreciate. Renting in this current economy cost more than owning a home. It is now less expensive to buy a home than to rent. If you are choosing to rent, you will continue the struggle of paying high rents. As interest rates rise, rents rise. Less rental vacancies. Homeowners will enjoy property appreciation in rising property values.
I am encouraging renters, to do everything possible to focus on saving, visiting their credit and fixing what needs to be fixed, saving for your down payment. Take that leap of faith by planning, preparing, and learning about home ownership and what you need to do to become a home owner.
Home ownership is still the American Dream for many.
New-Home Construction Hits Fastest Pace in 5 Years
New-Home Construction Hits Fastest Pace in 5 Years
I enjoy introducing individuals and families to brand new construction New Home communities. The builders have priced into their releases how many homes will be sold in various different marketing ways, one of them is unique to Broker's and Realtor's with Builder-Sellers who broker co-op. They pay our commission for introducing the buyer to their new home community when buyer elects to purchase one of their models and closes escrow. Our reward from the Builder-Seller is our commission check! They pay us to bring ready, willing, interested, viable buyers to their new home communities at the close of escrow.
One key rule we all must follow.
Register our prospective buyer previewing on their very first visit to the new home community. This is very important. 1) This establishes the Buyer Agency Relationship we have with our buyer and the builder. I become the Buyer's Agent and this is disclosed and established at this very first registration to the New Home Community. It establishes that the Builder/Seller has the role of the Seller and their sales staff represent the seller to the Buyer. 2) This establishes the privilege I have to represent the buyer's needs and assist in guiding them through the sales process with the sales staff of the New Home Builder's New Home Community for a successful stress free transaction. 3) Once the prospective buyer is registered with the Realtor/Broker at the New Home Community they have the privilege to go back as often as they want to re-visit the floor plans, the new home site with friends and family until the close of escrow.
My knowledge of the New Home Communities can save time, narrow the previews to developments with in the buyer's budget, interests in location, property type and style. I can plan the buyer's tour to meet the special needs of the buyer like work commute, schools, walking score and more.
I love to sell new homes! I enjoy brand new construction developments and introducing prospective buyers to those communities that meet their buying tastes, desires and interests.
I enjoy introducing individuals and families to brand new construction New Home communities. The builders have priced into their releases how many homes will be sold in various different marketing ways, one of them is unique to Broker's and Realtor's with Builder-Sellers who broker co-op. They pay our commission for introducing the buyer to their new home community when buyer elects to purchase one of their models and closes escrow. Our reward from the Builder-Seller is our commission check! They pay us to bring ready, willing, interested, viable buyers to their new home communities at the close of escrow.
One key rule we all must follow.
Register our prospective buyer previewing on their very first visit to the new home community. This is very important. 1) This establishes the Buyer Agency Relationship we have with our buyer and the builder. I become the Buyer's Agent and this is disclosed and established at this very first registration to the New Home Community. It establishes that the Builder/Seller has the role of the Seller and their sales staff represent the seller to the Buyer. 2) This establishes the privilege I have to represent the buyer's needs and assist in guiding them through the sales process with the sales staff of the New Home Builder's New Home Community for a successful stress free transaction. 3) Once the prospective buyer is registered with the Realtor/Broker at the New Home Community they have the privilege to go back as often as they want to re-visit the floor plans, the new home site with friends and family until the close of escrow.
My knowledge of the New Home Communities can save time, narrow the previews to developments with in the buyer's budget, interests in location, property type and style. I can plan the buyer's tour to meet the special needs of the buyer like work commute, schools, walking score and more.
I love to sell new homes! I enjoy brand new construction developments and introducing prospective buyers to those communities that meet their buying tastes, desires and interests.
7 Housing Trends for 2013
7 Housing Trends for 2013
2013 coming to a close and a brand new year ahead setting new standards and charting new current trends.
2013 coming to a close and a brand new year ahead setting new standards and charting new current trends.
Wednesday, December 18, 2013
Home Owners Stand to Recapture More Equity in 2014
Home Owners Stand to Recapture More Equity in 2014
I am so happy for buyers who buy now. They can begin to realize and see their new investment grow equity and build their real estate wealth renters will never be able to have this privilege. Sellers I am so happy for you, to see your homes value appreciate. How can I help you?
I am so happy for buyers who buy now. They can begin to realize and see their new investment grow equity and build their real estate wealth renters will never be able to have this privilege. Sellers I am so happy for you, to see your homes value appreciate. How can I help you?
Monday, December 16, 2013
Sunday, December 15, 2013
Housing Market Heats Up in Warmer Climates
Housing Market Heats Up in Warmer Climates
Are you considering a new home purchase, sooner than later is going to be better!
Are you considering a new home purchase, sooner than later is going to be better!
Friday, December 13, 2013
Warren Buffet’s Real Estate Franchise Targets Millennials
Warren Buffet’s Real Estate Franchise Targets Millennials
These young people today are bright, and earning very good incomes many of them.
These young people today are bright, and earning very good incomes many of them.
Thursday, December 12, 2013
FHA publishes revised underwriting guidelines | 2013-12-11 | HousingWire
FHA publishes revised underwriting guidelines | 2013-12-11 | HousingWire
New guidelines make for stronger qualified buyers and less risk to the lenders. Careful planning and preparing can prepare our buyers for their new home purchases.
New guidelines make for stronger qualified buyers and less risk to the lenders. Careful planning and preparing can prepare our buyers for their new home purchases.
Monday, December 9, 2013
Guide to Residential Styles
Guide to Residential Styles
I love beautiful architecture! I love Real Estate.
Years ago I took a class with Mark A. Wilson, author of "A Living Legacy, Historic Architecture of the East Bay. I own the book.
While living in Humboldt County I took green energy classes with the College of the Redwoods. One of my many classes were two residential wiring classes with a wonderful instruction Grant Lay of Trinidad Residential Wiring, he has his own business in Trinidad and offers his wisdom in classes at college of the Redwoods. This awesome opportunity had me training and learning with builders, handymen and contractors of the trade. A highlight for me was that our classes completed the residential wiring for a brand new construction home in Eureka, on Humboldt Hill and a historial registered home in Eureka known as the "Anne B Ryan House". This Victorian beauty is one of many you see through out Humboldt County, especially the churches with their beautiful steeples.
I picked up a complimentary copy from Humboldt County Planning Department of a book authored by the City of Oakland Planning Department by authors Helaine Kaplan Prentice & Blair Prentice called "Rehab Right - How to realize the full value of your old house.
Very interesting and I really enjoy architectural styles, and value the work and effort to keep them beautifully maintained.
I love beautiful architecture! I love Real Estate.
Years ago I took a class with Mark A. Wilson, author of "A Living Legacy, Historic Architecture of the East Bay. I own the book.
While living in Humboldt County I took green energy classes with the College of the Redwoods. One of my many classes were two residential wiring classes with a wonderful instruction Grant Lay of Trinidad Residential Wiring, he has his own business in Trinidad and offers his wisdom in classes at college of the Redwoods. This awesome opportunity had me training and learning with builders, handymen and contractors of the trade. A highlight for me was that our classes completed the residential wiring for a brand new construction home in Eureka, on Humboldt Hill and a historial registered home in Eureka known as the "Anne B Ryan House". This Victorian beauty is one of many you see through out Humboldt County, especially the churches with their beautiful steeples.
I picked up a complimentary copy from Humboldt County Planning Department of a book authored by the City of Oakland Planning Department by authors Helaine Kaplan Prentice & Blair Prentice called "Rehab Right - How to realize the full value of your old house.
Very interesting and I really enjoy architectural styles, and value the work and effort to keep them beautifully maintained.
Sunday, December 8, 2013
Saturday, December 7, 2013
Friday, December 6, 2013
Mortgage Rates Climb on Strengthening Economy
Have you recently asked what are the interest rates and where are they going?
Mortgage Rates Climb on Strengthening Economy
Mortgage Rates Climb on Strengthening Economy
Thursday, December 5, 2013
66 Day Challenge Complete! - The ONE Thing, habits, 66-day challenge, habit building, fitness, wellness, health, new years resolutions
66 Day Challenge Complete! - The ONE Thing, habits, 66-day challenge, habit building, fitness, wellness, health, new years resolutions
I am starting a new 66 Day Challenge for me!
I am starting a new 66 Day Challenge for me!
66 Day Challenge Complete! - The ONE Thing, habits, 66-day challenge, habit building, fitness, wellness, health, new years resolutions
66 Day Challenge Complete! - The ONE Thing, habits, 66-day challenge, habit building, fitness, wellness, health, new years resolutions
I am starting a new 66 Day Challenge for me!
I am starting a new 66 Day Challenge for me!
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