“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.”
When you write a purchase offer, the back-and-forth between you and the seller begins (typically with real estate agents advising both of you) — and when you are intentional about your number and why, the more successful you’re offer will be.
Following some guidelines from HouseLogic when choosing your purchase offer amount will help:
- Know your financial limits and stick well within them.
- Get familiar with the real estate lingo (an agent helps tremendously here!)
- Have your agent run the comps to see how the list price of the home compares and then take other aspects (like time on market, availability of other similar properties in the area, etc) into account.
- Figure out your down payment.
- Make an earnest money deposit if you’re truly serious about buying the house.
Read the remainder of HouseLogic’s tips here: “Make an Offer Like a Boss.“
And give me a call for step-by-step real estate help as your Realtor when buying a house! John A Silva, (619) 890-3648
This quick read from House Logic has 4 major points when making the decision to sell your home or rental. Read it here:www.houselogic.com/sell/how-much-is-my-home-worth
Even though it is the holidays, wouldnt it make sense to get a leg up on the competition by starting now? Tailoring showings around your holiday schedule is easy when hiring me.
Call me for FREE analysis of your property today!
John A Silva, Realtor.
Borrowers want specific things that they believe would help the mortgage process when buying a home.
This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.
Many first-time buyers don’t realize that there’s many steps to getting a mortgage.
- Get pre-approved
- Have the home appraisal
- Keep your credit consistent
- Review the closing disclosure
- Go through underwriting
This infographic is from CAR.org.
A rising real estate trend
There is a rising trend in residential real estate – in the single family homes sector. Builders of new homes are tailoring their design and subdivisions in order to gain single women homebuyers.
Nationwide last year, single women made up 18% of homebuyers, while single men only accounted for 7% of all home sales, according to the National Association of Realtors. This category of single women included those: never married, widowed, and divorced. Spending for single women also is more than it is for single men, on average. Single women are now the second highest group of purchasers, behind married couples of all homes.
This trend is expected to increase over time. The evolution of real estate ownership, as well as the evolution of business leadership, will both increase for women in years to come.
See link for more details: realtormag.realtor.org/daily-news/2018/05/11/single-women-outbuy-men-in-homeownership
For more info on getting your best deal on your dream home, or for a free valuation of your home, please call me, John A Silva, now at 619-890-3648 — and as always, have a blessed day!
640 Beech Avenue | Chula Vista, CA
Offered at $399,900 – $435,876
BEST BUY!! FABULOUS extra-large home and property on cul-de-sac, minutes to freeway, downtown Chula Vista, schools, shopping, restaurants and ocean! This single-level has hardwood floors, is easy to convert to 3 bed, 2 bath inside without expanding outside, plus huge backyard-room for pool/spa & favorite pick up games. See this classic home today that needs very little TLC & make it just the way you want! Perfect investment — appliances transfer.
You have to be extra vigilant with your money nowadays. When buying real estate, don’t fall victim to wire fraud with these three steps:
- Pay attention to how wire instructions are sent (in other word — only accept instructions that are secure and encrypted).
- Before wiring funds, call to verify the wire instructions with the title company.
- Be careful of any changes — real instructions rarely change.
This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS at CAR.org.