It’s Always important to look at the numbers to do an analysis of what could happen in the future for real estate. There is nobody in the world not even the top economist that can predict how the real estate market will turn out. I’ve received a lot of questions regarding a real estate market crash or the housing bubble going to pop, I am here to show you the actual numbers of what is happening in the city of Riverside and Rancho Cucamonga. We take how many how Many houses went onto the market, how many entered escrow, and how many sold out within that month. I also give you the number of total available homes for sale currently on the market.? ?In the next months market update video we can take the November numbers and compare them to October and will continue to do that every month after. This will give us a good indication of what the market is doing. We cannot predict if there will be a real estate market crash, housing bubble popping, or even a slight decrease of prices in homes, but keeping tabs on the market will allow us to stay educated and a head of whatever may happen. If you have any questions or would like me to run an analysis on your city don’t hesitate to reach out to me or leave a comment in this video. If you would like to discuss a real estate plan for your purchase or sale of a home even investments, feel free to let me know I would love to help?.?
Are you thinking of moving to the inland empire, riverside, or Moreno valley. Do you need a bigger house or a bigger backyard? This video will show you what type of homes you can buy in riverside and Moreno valley. Real estate is much cheaper the further east you go in california. People moving from Los angeles, lakewood, long beach, seal beach, ect., are finding that moving to riverside county has been a pleasant surprise. The real estate in riverside county have a lot more to offer for the price tag. Of course there will be trade offs, especially if you have to make a commute back to LA county or OC.
During these unprecedented times, accurate and factual information is all you can rely on. There are many that are speculating and creating fear and worry in the masses. I suggest to pay attention to facts and history.
I hope you've been finding my videos helpful and as always if you have any questions or would like more info, don't hesitate to ask.
On this historic day, where 4 years ago, Kobe Bean Bryant played his last game in the NBA. He scored 60 points in a historic win. Now 4 years later we have lost him and we're going through a pandemic with COVID-19. Although these 2 tragedies have hit hard, our real estate market is still doing well. Please watch this video to hear what the real numbers are in our markets in So Cal. I talk about New homes, agreements entered, and homes sold within the last 7 days.
If you haven't already please take a look at week 1 and 2 videos to gain better perspective.
As always, if you have any questions or would like me to research other numbers just let me know. Thank you!
Here is a link to our YouTube channel in which we are doing a weekly Market update during this Pandemic. We've been receiving many inquires regarding the market so we decided to use the YouTube platform to get the message out. Please click the link below and subscribe to the channel. Also, please share this video with people you know and would find this info useful.
Thank you and please stay safe!
With home loan interest rates still low, it's leaving many buyers with little inventory to choose from. The news has been calling this situation a "housing crisis," which I assure you it's not as extreme as the media portrays it. Yes, there is a shortage of houses being sold, but there are a lot of new homes being built everywhere.
Riverside has some beautiful new homes, just north of Box Springs Mountains and East of the 215 freeway. So close to UCR as well as Loma Linda, it's set back in a quiet, nice, friendly community. The builders have 4-5 different floor plans, which can be customized upon purchase. If you're interested, just let me know and I'll show you all the floor plans and options.
Not only will you have the scenic view of the Riverside foothills, but you'll be able to enjoy a community basketball court, volleyball court, and picnic areas. And when you're ready to catch some fresh air and beautiful views, you'll have access to 6 miles of pedestrian trails.
If you're interested and would like to learn more, contact me at firstname.lastname@example.org
We also have them listed on our website www.socalhousingguide.com, just register and you'll have access to all of the current houses for sale in So Cal.
I get asked all the time, what are the best home improvements to make that get the best return on their money? The answer will vary from home to home, but these improvements I'm about to share can be low cost, which will make the returns that much better.
1. The Bathroom - This is the one thing on every buyers list. A nice bathroom. You don't have to do a full remodel, but change the small things that make a huge impact. Paint or stain the vanity. Update the lighting fixture. Resurface the shower and sink. One of the smaller things are the knobs on the vanity and the towel holders. Get some new modern pieces which are inexpensive, but create a huge visual impact.
2. Neutral Paint - Throw a fresh coat of paint on the walls, just make sure they're neutral and appeal to the masses. This will give your house a bright new look and will work well with number 3!
3. New lighting - Update the lighting fixtures and while you're at it, buy nice bright light bulbs. When people walk into a bright room, it gives the feeling of more space. Makes the room feel bigger. An inexpensive fix I always suggest are to install recessed lighting. Every buyer I have worked with this year always pointed those out.
4. Curb Appeal - This is huge! One thing that we learn about presenting yourself is to make a good first impression. Well, same goes with your home. Make a good first impression! Update your landscaping. You don't have to do a full gut and redesign. All it takes is a clean up, new plants, and some new mulch. VUALA!
I hope you found this useful, and if you did please share it with your friends, family, and social media. Thank you!
Since now is such a great time to buy with interest rates still low, there are many people asking, can I buy even though I don't have that much saved? The short answer is YES! There are a few programs out there that you can qualify for, but the cost to get a loan is still there.
The lenders will always get their money when it comes to letting people borrow money, but what most people don't realize is that the lender fees are paying for the appraisal of the home, loan origination, title search, and the title insurance premiums. Those are things we can not avoid, but how we pay for them we have control over.
Lender can offer two ways to pay for their fees at closing of buying a home. The first is to pay the closing cost out of pocket and receive a lower interest rate on your home loan. The second, is to take a higher interest rate on your home loan.
Therefore, make sure to do the math. Figure out when you'll hit your break-even point. Ask yourself, how long are we going to stay in this home? May I need to move in a few years? Is this big enough for our growing family? Then calculate the cost of the lender fees versus the cost of the higher interest rate for the years you'll be in the home.
Most people don't think these things through, and this is the biggest financial decision of your life. Make sure to choose the right Realtor and lender who have experience and understand the "savings" side of buying your new home.
Contact us today! we'll be able to guide you through the process that best suits you.
Although lending practices have been more stringent, here are a few tips I give all my clients to get the best deal on a mortgage.
1. Shop around. Interview a minimum of 3 to 4 lenders. Try a big national bank, such as Bank of America. Interview a local lender or credit union, and lastly try the internet. These 3 offer different advantages and disadvantages, it's up to you what kind of service you're looking for.
2. Inquire about all your options. There are many choices when hunting for a home loan. 30 year fixed rate, 15 year fixed rate, and adjustable rate mortgages. This last option seems to get a negative review after the housing crisis, but it's a viable option if it fits what your future plans are. The interest rate are usually significantly lower, although they will increase over time. If you have questions about this contact me here.
3. Request locking in your rate. This week we did see a dip in the mortgage rates, but the trend is showing that rates are still on the rise. You might want to consider locking in the rate that you were quoted to insure you get that rate instead of a higher percentage.
4. Educate yourself about the different types of loans. There are many out there, so figure out which ones you will qualify for. FHA, VA, Down payment assistance, ect. These all have requirements to qualify, but make sure you find the one that best suits you.
5. Start NOW! If you truly are planning to buy a house within a year, start the process now! Contact me! You need to know where you stand and what you need to do in order to make your application the best it can be. So gather your tax returns for the past 2 years, your bank statements, and your paycheck stubs and let's get started!