Tag Archives: real estate agent

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“.

Money Monday: The housing affordability for good schools

For many in California, homes are not economically affordable in good-school areas.

“RealtyTrac analyzed school test scores for nearly 27,000 elementary schools in more than 7,200 U.S. zip codes, along with home price affordability in those same zip codes.” (RealtyTrac. http://www.realtytrac.com/news/home-prices-and-sales/realtytrac-2015-good-schools-and-affordable-homes/). Then they took a look at those zip codes with good schools; “‘good’ is defined as schools that post higher-than-average test scores for their given state” (http://money.cnn.com/2015/11/19/real_estate/neighborhoods-good-schools-affordable/index.html?section=money_realestate). In the 1,823 zip codes with at least one good school, they found that 65% (1,192 zip codes) were unaffordable for those with average incomes for the area, meaning that they would have to spend more than one-third of their income on housing.

For those in the San Diego – Carlsbad areas, the good school that RealtyTrac analyzed was Einstein Academy (with a 1.37 test score in 2014), and the relational zip code being 92102. At an average sales price of $320,000, homeowners spend an average of 40% of their income on housing.

San Diego Carlsbad sales price and test score

RealtyTrac’s Most Affordable Good-School Zips by Metro map, focused in on San Diego.

If you are interested in reading more on this, go to RealtyTrac’s article on the information they found here: www.realtytrac.com/news/home-prices-and-sales/realtytrac-2015-good-schools-and-affordable-homes.

How a Realtor Can Help You

Real estate help from Realtors

How can I or another Realtor help you as a home buyer? One huge way is in assisting you in negotiating your home offer deal!

Just a few of the ways Realtors help:

  • Negotiating better prices and terms of the real estate purchase
  • Finding the right home
  • Determining comparable prices
  • Figuring out affordability
  • Helping make the transaction paperwork make sense

Give me a call at (619) 890-3648 for real estate help; my goal is to help you get into a home of your own!

Negotiating the dealInfographic from CAR.org.

Boomerang Buyers are Predicted to Make 10% of 2014 Purchases

understanding foreclosuresThose former homeowners who lost their home due to a foreclosure or a short sale a few years ago are now beginning to buy once more.

“Boomerang buyers who lost a home to a foreclosure or short sale between 2007 and 2013 are projected to make about 10 percent of all U.S. home purchases in 2014, according to John Burns Real Estate Consulting (JBREC)…According to JBREC, the number of boomerang buyers will increase in 2015 and 2016 as more former owners become eligible for new loans.” (“After losing their homes in the foreclosure crisis, boomerang buyers are back“, The Washington Post).

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Making an Offer

Time for nervous anticipation. You’ve found the home you want, and your Berkshire Hathaway HomeServices California Properties Sales Professional says you need to act fast. Yet you want to be as calm and objective as possible. The expertise A Berkshire Hathaway HomeServices California Properties Sales Professional can give you at negotiating time is priceless.

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Moving! Announcing Berkshire Hathaway HomeServices California Properties


Moving when selling a home can be hard, but when finished is exhilarating!!  Can moving in your job or office be the same?
I am proud to announce that Prudential California Realty has changed their name to Berkshire Hathaway Home Services of California.  This MOVE can only be even more exhilarating of an experience!! Looking forward….


Along with the company change is a change to my email address; my business email will change to JohnASilva@BHHSCAL.com — no spam please!


Five real estate tasks best done early

While I’m a big proponent of avoiding premature real estate moves, there are a number of tasks that are best done before you think they need to be. These are things that tend to take longer or often turn out to be more complex than people plan for.

Please, give me a call if I can help you in your home shopping process in any way! (619) 890-3648

1. Check your credit. Everyone knows that you should check your credit, or have your mortgage broker do it, some time before you get ready to start house hunting. What people fail to factor in are the real-life turnaround times on rehabbing your credit in the event there are errors, fraudulent entries, balances you need to bring down, or trade lines (credit accounts) you need to build up in order to qualify for a home loan.

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Five things to know about a home before committing to buy

Your due diligence inspections should include more than hiring a home inspector to look at the home and reviewing a current termite inspection. And your due diligence should start as soon as you have serious interest in a listing.

Making an offer to purchase a home consumes a lot of time and emotional energy. Before your real estate agent or attorney puts pen to paper, find out as much about the property as you can. In particular, you want to know if there’s any reason you shouldn’t try to buy the house.

Seller disclosure requirements vary from state to state, as does real estate practice and protocol. Find out if there are any seller disclosure statements and presale inspection reports. If there are, ask to see copies before you write an offer.
buy homeIn some areas, it is standard procedure for listing agents to provide a disclosure package that includes any existing reports and disclosures to interested buyers before they make an offer. In other areas, reports are made available only after the buyer and sellers have negotiated the purchase agreement. Get ahold of as much information as you can about the physical condition of the property as soon as possible.

After you review the seller’s documents on the property, you may discover that the home you find so appealing requires a far bigger investment in repair work than you can handle or afford financially. In this case, move on to the next property with no remorse. You’ve saved yourself from hassle and heartbreak.

On the other hand, if the reports and disclosures fall within your expectations, move on to investigating the local neighborhood. On closer look, you may discover that there are several large apartment buildings that back up to the house you’re interested in buying. This might create a noise factor. If you’re sensitive to noise, you might not be happy living in the property you’re considering.

Buyers sensitive to crime should check with the local police department to see if the neighborhood is being hit by waves of break-ins. Drive by the property several times during daylight and evening hours to see if the complexion of the neighborhood changes in any way that is disadvantageous to you.

Commuters should drive from the property to work and back during rush hour, and check into all the public transportation options that are available in close proximity. If you’re intent on buying within walking distance to shops and cafés, find out how long it takes to get from the house you think you want to the nearest commercial area.

HOUSE HUNTING TIP: It’s wise to include an inspection contingency in your purchase offer so that you have a time period to complete whatever inspections of the property you deem necessary before committing to move forward with the purchase. This is recommended even if the seller has completed presale inspections.

Some buyers who have confidence in the seller’s home inspector hire that inspector to do a walk-through inspection with them so that the inspector can explain his report and answer any questions. The fee for this sort of inspection will usually be less than what the seller paid for the initial inspection and written report.

Don’t skip inspections to save money. It could cost you plenty in the long run if uninspected items turn out to be faulty and you have to pay to repair them.

Order a home inspection as soon as possible after your offer is accepted by the sellers. Most home inspections include recommendations for further inspections. If you don’t have the home inspection done early, you may not have enough time to complete all the further recommendations recommended, like roof or drainage inspections.

THE CLOSING: If you run out of time, ask the sellers for an extension.

Dian Hymer is a real estate broker with more than 30 years’ experience and is a nationally syndicated real estate columnist and author.