Millennials

 

The housing market is HOT…and yet many are still sitting on the fence on whether not is a good time to buy. I recently spoke to a potential Millennial homebuyer who just received her Bachelor’s Degree, has a great Managerial career, money in the bank, and good spending habits. At her graduation party, she had told a compelling story about how her grandmother, who helped raise her taught her three very important lessons that she holds dearly with her: 1) Get an Education, 2) Keep Your Finances in order 3) Own your own home. Her burning question to me was if now was the right time for her to become a homeowner or should she wait until after she enrolls for Law School. 

Are You Ready to Buy? Often this is the first conversation that serious buyers will have with their real estate agent…and at the end of the day only the buyer will know if it is the right time or not. However, I’d like to give you some things to think about...

Your Credit Rating. Lenders use your credit rating to determine the amount of a home that you can afford. If your credit score is too low…work with a Credit Counselor to work on increasing it. This in itself can take time, but it's better to take the time you need to get your credit score higher than to pay for with a higher interest rate. 

Your landlord is banking from your rental payments. In 2012, rental payments increased and have continued to rise into 2013. Yes, when renting you have little or no responsibility cost for maintenance, or no worries about paying property taxes. However, there are many tax benefits of homeownership that renters miss out on. Not to mention the freedom to decorate or landscape your home however you would like to.

By making timely mortgage payments, you are paying down the debt you owe and build equity. Equity is the difference between the value of your home and how much you still owe. You may not own your home outright (until the end of your mortgage period), but your investment has a cash value.

Mortgage Rates are climbing and despite the rise in the 30-year mortgage rates…it is still remains relatively low, helping to keep housing affordability high. It’s better to begin the process of purchasing your own home then waiting because interest rates are slowing getting higher.

Home Prices are rising as a result of the low inventory and high demand. Yet, buying a home is STILL cheaper than renting.

 

Path To Homeownership. Purchasing a home is a process and incorporating the best strategy for your situation will enhance your homeownership experience. If you are looking for a home in the Central Valley: San Joaquin, Stanislaus, and Sacramento Area to put together your Homeownership Strategy, visit our website www.MotherandDaughterRealtyTeam.net/PathToHomeownership. We will contact you immediately to put you on your Path To Homeownership!

Interested to know what our clients have to say about The Mother & Daughter Realty Team? Read The Mother & Daughter Realty Team testimonies at www.motheranddaughterrealtyteam.net/Clienttestimonials. 

If you are looking or know of anyone considering moving to the Central Valley area or needs assistance with a Short Sale; feel free to contact the Mother & Daughter Realty Team! Like our Facebook Page at www.facebook.com/motheranddaughterrealtyteam for updated selling tips and market information and visit our website at www.motheranddaughterrealtyream.net. Contact us at (209) 910-3706 for additional questions and/or concerns. 

 

FORECLOSURE ALTERNATIVES CONSULTANT

 

 The Daughter      

SERVICING THE SAN JOAQUIN & STANISLAUS COUNTIES

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D'Adrea Davie Realtor, Realtist, FAC, CDPE, CDSP Candidate (DRE#01510971)

BMC Real Estate

The Mother & Daughter Realty Team

P: (209) 910-3706

F: 209-762-6971

FIRST-TIME HOME BUYERS

SEARCH HUD HOMES IN SAN JOAQUIN COUNTY

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The Benefits for Homebuyers to Attend a Homebuying Workshop
04/20/2013
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PATH TO HOMEOWNERSHIP HOMEBUYING WORKSHOP Homebuyers considering homeownership should consider attending an Educational First-time Homebuying Workshop. By attending an educational homebuying workshop the homebuyer will receive hands on… more
Central Valley Homebuyers…Become One With The Sellers’ Market
03/24/2013
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Over the past few months, I have submitted offer…after offer on properties only to be told that there are multiple offers and then receive an email for my clients to submit their Highest & Best Offer…as if the offer I submitted… more
Home Searching in the Central Valley Area… We have an APP for That!
02/09/2013
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The Mother & Daughter Realty Team are SUPER EXCITED about the launch of our MOBILE APP to help our clients have a more effective home search! We have always strived to stay on top of technology and move with the times. So, instead of sending… more
Millennials’: The New Homebuying Generation
01/26/2013
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Millennials’: The New Homebuying Generation. As the market continues to move forward towards recovery, consumers are being more proactive, getting educated and preparing for homeownership. Millennials consist of consumers between the… more
Nice 2 Story Home for Sale in Weston Ranch in Stockton for $168, 000
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Home for Sale in the Weston Ranch Community in Stockton: 3373 Warmke Lane, Stockton, CA 95206 OPEN HOUSE SUNDAY, JANUARY 27, 2013 at 1:00PM TO 3:00 PM. JUST LISTED $168, 000! Nice 3 Bed with a loft, 3 Full Bath with 2, 200 sq. ft of… more
Mortgage Debt Forgiveness Relief Act - EXTENDED One Year at a time…!
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I have to say that I am EXTREMELY pleased that the Mortgage Debt Forgiveness Relief Act has been extended for another year. If you are a homeowner in distress this is not the time to sit back and relax because there is not guarantee that this will… more
The Numbers Don’t Lie… We Need to Extend the Mortgage Debt Relief…
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After listening to The Power Is Now Online Radio with guest speaker Chris Sorenson, Founder of Homeowners Education Learning Center (H. E. L. P. ) …I was astonished at the numbers. That astonishment turned into a fixation…and that fixation… more
Georgous 2 Story HUD Home For Sale In Mountain House
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HUD Home for Sale in Mountain House: 25 N. Bill Johnson Court, Mountain House, CA 95391 Gorgeous 2 Story HUD Home for Sale in Mountain House listed at $375, 000! 5 Bedroom, 4 bathroom with 2, 948 sq. ft. of living space. Features include: Great… more
Affordable 2 Story HUD Home for Sale in Stockton for $127, 000
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HUD Home for Sale in Stockton: 2161 Shelby Creek Court, Stockton, CA 95206 Affordable 2 Story HUD Home for Sale in Stockton listed at $127, 000! Great location in a court! 4 Bedroom, 2. 5 bathrooms with 1, 496 sq. ft. of living space. Features… more
 
D'Adrea Davie | SHORT SALE SPECIALIST | CDPE | FACS (BMC Real Estate) Rainmaker_large

D'Adrea Davie | SHORT SALE SPECIALIST | CDPE | FACS

Modesto, CA

More about me…

BMC Real Estate

Address: San Joaquin, Stanislaus, Sacramento, Alameda & Contra Costa Counties, Tracy, CA, 95376

Office Phone: (209) 910-3706

Cell Phone: (209) 479-1518

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DISCLAIMER: I must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to my blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are mine.


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