As Agents, the latest technology is key to keeping up with the times and continuing a steady business flow. From Buyers searching for properties to Sellers marketing their home, an ad in the newspaper just doesn't cut it anymore. We are WAY beyond that now!
According to this infographic from CAR.org, an astounding 89% say they use online resources in the process of home buying. It doesn't end at searching for a property either. Researching an Agent, Lender, property values, neighborhoods, etc., is all part of the process. Having an Agent that is … (3 comments)
home buying: Traditional Buyer vs. The Investor - Round 2!
- 07/16/14 06:36 AM
When the Real Estate market took a turn towards recovery in late 2011, early 2012, everyone was excited to jump back in & make those purchases they had been sitting on the fence on for so long!
Traditional Buyer vs. The Investor - Round 2!
Traditional buyers who required loans to purchase homes found themselves in a steep uphill battle against the all mighty CASH investor who at the time was willing to pay more based on speculation & could close sweet painless escrows with virtually no contingencies in record timing such as 10 days or often even … (0 comments)
home buying: Greedy Home Sellers + Cautious Home Buyers = Flat Market
- 05/19/14 08:23 AM
Greedy Home Sellers + Cautious Home Buyers = Flat Market More & more indicating factors are leading us to a cooling off of the crazy hot market we experienced in Southern Cal for all of 2013. Recent surveys show that over 40% of Home Sellers this spring are planning to price their homes ABOVE market value! This strategy is not wise folks! Buyers in today's market have very little tolerance for over-priced homes this year and will likely pass them up letting listing after listing sit on the market stagnant until the Seller is forced to take action by … (0 comments)
home buying: US Homeownership Rates Drop! If You Can Qualify, Buy Now!
- 05/02/14 06:21 AM
US Homeownership rates have reached a 19 year low in the first quarter of 2014. While the residential rental market tightens. As home prices continue to rise or level off at prices higher than many families can afford, and lending guidelines continue to become more stringent on borrowers, more & more families are opting to temporarily rent homes vs buying. US Homeownership Rates Drop! If You Can Qualify, Buy Now!
What does this mean to you if you are a qualified buyer in today's market?BUY NOW! Take advantage of the huge drop in your competition in the marketplace vs this time last … (0 comments)
home buying: Affordability Vanishing in Prime Markets!
- 04/11/14 01:21 AM
Affordability Vanishing in Prime Markets! If you want to live in one of the major metro areas across the country, you might be noticing that buying into the most popular neighborhoods is no longer feasible as the market has now corrected itself to the point that affordability is now becoming a major issue in many major markets. Some families have begun to dedicate huge portions of their monthly income to housing nowadays! Over the last several years when prices were up to 30% lower in some areas, people were able to purchase homes in areas they could only dream of only a … (0 comments)
The Home Buying Process Is A Lot Like Dating... Have you ever fallen in love.....with a house? Many of my clients have and it has overpowered the fact that they may not have had that extra 200 square feet they were looking for, or that center island kitchen. When you're in love, you're in love. The Home Buying Process Is A Lot Like Dating... Realtor.com conducted a survey of 1,082 people and 69% of them reported having a "home crush" as the survey called it. Much like modern dating, almost 80% of home buyers find that one house that … (3 comments)
home buying: Buying Within Your Means: Be Prepared!!
- 05/06/13 03:17 AM
Buying Within Your Means: Be Prepared!! I recently read a column online that gave some great advice for home buyers; first timers and repeat buyers alike. I will link it below. The most important point that it illustrated is the difference between pre-qualification and pre-approval. Especially when you get to the offer submitting stage, a pre-qual letter from a lender is usually included but it pretty much doesn't mean anything without pre-approval to back it up. In other words, before you ever START house hunting, get PRE-APPROVED. It will only help you with your search by really telling you the highest you … (0 comments)
home buying: Renting or Buying? Which Will Save You More?
- 03/29/13 06:39 AM
Renting or Buying? Which Will Save You More? The answer to this question really depends on where you are, market conditions, etc. The California Association of Realtors has compiled information on the monthly cost of buying versus renting in a few major counties in California. As you can see below, overall, buying is much more beneficial to consumers even when you take property taxes and insurance into account. On average, buying yields a 32% savings in California!
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home buying: First Time Home Buyers Decreasing
- 11/30/12 07:35 AM
First Time Home Buyers Decreasing First time home buyers are becoming a smaller percentage of the market. Normally around 40%, first time buyers are down to 34.7% of the active marketshare nationwide. Meanwhile, move-up buyers are increasing. First Time Home Buyers Decreasing Perhaps the reason for this decline is due in part to the difficulties facing those trying to go the FHA route. With many people struggling these days, applying for FHA is the best option for lower mortgage payments. However, with so many in that struggling phase, FHA is being overrun with requests. So there is "demand," but not necessarily … (1 comments)
Real Estate & Technology Go Hand-In-Hand
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