Category Archives: Homebuyers

Money Monday: Understand credit score’s impact before buying a home

If you’re thinking of buying in the next few years, it pays to start thinking about — and building up — your credit score now.

mortgage rates and property taxes

Because having a mortgage is, for many people, the largest loan they attain. Read all of Forbes’ advice here: “Ready To Buy A Home? Understand The Impact Of Your Credit Score First.”

Money Monday: Homebuyers save as interest rates decline

Last week, 53.5% of borrowers received rates under 4.25%

“Mortgage borrowers who shopped around last week could’ve saved $42,137 over the life of a $300,000 loan, according to LendingTree’s Mortgage Rate Competition Index.” (Housing Wire. https://www.housingwire.com/articles/49318-americas-homebuyers-are-saving-big-as-interest-rates-continue-to-decline)Read more.

Money Monday: Is owning or renting better?

“Affordability is a much more pertinent issue for renters than homeowners, according to new research from CoreLogic, a real estate data firm. Since 2005, the monthly cost to rent a single-family home has risen significantly, while the monthly principal-and-interest mortgage payments of homeowners dropped slightly.”

Read more from Realtor Magazine here on the report.

Money Monday: How buyers purchased their home

Here is a look at how recent buyers purchased their home:

  • Median purchase price – $235,000
  • Obtained a mortgage – 88%
  • Down payment amount – 10 percent
  • Down payment sources – savings (59 percent); sales proceeds from previous home (38 percent)
  • Received down payment help from family/friends – 16 percent
  • Obtaining a mortgage was not difficult/easier than expected – 66 percent

Money Monday: Homeownership budgeting

Becoming a homeowner of course brings with it paying for various fees and services, but there are smaller fees that you may not be thinking about when penciling out how much you can spend on buying a home. Add into your budget fees for the following buyer fees:

  • Home inspection
  • Appraisal fee
  • Survey report
  • Title services
  • Application fees

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

For Sale in San Diego | Fabulous Super Clean Home: NEW PRICE

5233 Javier St | San Diego, CA 92117

Offered at $625,000

Fabulous Super Clean Home: NEW PRICE!

Just Move in! Drought resistant front & private backyard is desert garden ready on extra-large lot. Newer beautiful floors, kitchen, & baths. Redone plumbing, electrical through out & gorgeous wood beam ceilings make this BEST BUY!! Extra large space for RV, boat, or rent it out! Big garage with work bench, shelves, cabinets, & storage, plus extra storage inside including two pantries. Walk to elementary & high schools; minutes to beaches, restaurants, SDSU. EZ freeway access.

No matter what price range you are in, CALL ME NOW for a FREE evaluation of how your home can be marketed and SOLD NOW for top dollar!  619.890.3648

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Money Monday: Don’t get sidelined when buying a house

Here’s some of the biggest misconceptions that home buyers have — and some financial misconceptions.

For sale in San Diego County: Great cosmetic fixer buy in Del Cerro!

5285 Waring Rd | San Diego, CA 92120

Offered at $499,900

5285 Waring Rd, San Diego, CA | real estate home for sale, John A Silva, San Diego real estate agent

Great Buy in Del Cerro/Allied Gardens for buyer who wants cosmetic fixer with NEW ROOF & SOLAR! Buyer with creativity will love this one & can make this into a great home. Extra square footage plus bedroom, bath & family room make this a 3-bedroom, 2-bath (not in tax rolls that exists now). Buyer to satisfy self of all information herein.

No matter what price range you are in, CALL ME NOW for a FREE evaluation of how your home can be marketed and SOLD NOW for top dollar!  619.890.3648

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