Tag Archives: buy a home

Money Monday: Renters are increasingly paying more for less

“New apartments hitting the rental market in 2016 are 8% smaller than they were 10 years ago, according to a recent report from online rental marketplace RentCafe.

for rent

“Meanwhile, rents for all apartments on the market have risen 7% in the last five years.

“This year, the average square footage of all new apartments, including studios, one-bedroom and two-bedroom apartments, was 934 square feet. Just a decade ago, the new units coming online offered an average of 1,015 square feet.

“The national average for rent this year is $1,296 compared to $977 in 2011…”

Read more from CNN here, or read the quoted report from RentCafe here.

If you’re thinking of buying a home instead of renting (especially after reading about this), then please contact me to see how I can help! 

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John A Silva | (619) 890-3648 | Email

Money Monday: 5 things homebuyers need to do

If you’re looking to purchase a home in the near future, start planning now on what you need to do before actually looking for a home.

buyers and sellers real estate disclosures

There’s a lot on your to-do list when it comes time to buy a home, but you can avoid making some big mistakes and hurdles by realizing these five helpful pieces of information (tips from the Bankrate’s helpful article here: “5 first-time homebuyer mistakes“):

  • Realize that you’ll be paying more than just mortgage payments
  • Get loan preapproval before starting the house hunt
  • Get professional help from a real estate agent (In San Diego County and don’t have a Realtor? Call me at (619) 890-3648!), loan agent, and perhaps a lawyer)
  • Don’t use all your savings on the down payment
  • Wait until you’ve officially closed to make any other big purchases

Bankrate’s article is full of many more details and information on these tips, so click over to their website and read their article here: “5 first-time homebuyer mistakes“.

Money Monday: 4 reasons 2016 is the year to buy a home

“If you’ve been on the fence about buying a home, 2016 is the year to take the plunge.Mortgage rates have been bouncing around record lows for a while now. But even though they’re likely to start going up, you haven’t missed your chance to get a deal on a house.

“A number of factors are coming together, making next year a good time to buy:”

1. Home prices will still go up, but should slow down

2. More homes will come onto the market 

3. Mortgage rates will go up

4. Rents will still be high

Read more of CNN.com’s article here: “4 reasons 2016 is the year to buy a home“.

Customer Satisfaction is Key!

How do buyers and sellers select a real estate office and agent?

The customer service home buyers and sellers receive is key in their decision on whom to work with.

Buyers choose firms based on Continue reading

Investing in Real Estate

 

Real estate investment has it own risks and the decision to invest should be carefully considered.

real estate investingAs a landlord there are certain costs that you will need to cover, potential vacancy problems that may strain your ability to pay your mortgages, and liability issues. It is important that you speak with an expert before putting yourself in a situation where you can potential over-extend yourself.

With that in mind, I have included some of the basic property types and benefits associated with real estate investment.

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TOP TEN Legal Mistakes Buyers Make

In the complicated maze of trying to buy a home are the pratfalls and obstacles that can be so costly that you can regret ever buying a new home!
Call a Realtor(R) who is full time and has the track record to get the results you deserve.  The Department of Real Estate website will be able to tell you if there are any reprimands or suspension for any licensed agent or broker.

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Home Buying Don’ts

home buyingThere is no doubt that the home buying process can get a little hectic. There are so many homes to look at, factors to consider, and papers to sign that even experienced home buyers can get a little overwhelmed. The tips below should help you get into that home of your dreams with the least amount of headaches and worries. Continue reading

Buying or selling your home during the holidays

front door ChristmasBuying your home or selling it can be a huge project to tackle any time of the year, and adding that project to the busyness of the holiday season can make life even more hectic. But according to U-T San Diego, it just might be something you should contemplate doing. 

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