Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
Sorted by date Results 51 - 61 of 61
Among home shoppers who thought 2022 would be their year, a pervasive sinking feeling is taking hold. They’re realizing the monthly payment for a home they thought they could afford is now hundreds (or even thousands) of dollars more than they would have paid earlier this year. Their home purchase dream is getting further and further out of reach. The reasons? Rapidly rising mortgage interest rates and inflation! These higher rates have wrought pain on the housing market, a... Full story
In previous articles, we discussed what i-buyers are (investment buyers) and that Open Door is the largest i-buyer with the deepest pockets. It was identified that Zillow had previously been in the business of direct purchasing of residential properties, but they ceased that operation ostensibly due to the difficulty in forecasting future pricing. I suspect there were concerns that, because there are no real estate agents involved in direct purchases, that sellers wouldn’t k... Full story
Bob Hillery CR Properties We get staging questions a lot but for sure I have never heard the bad advice regarding mirrors before. Even if you are not planning on making a move, its still a fun article to read; enjoy! The worst home staging advice real estate experts have ever heard If you’re trying to zhush up your home to sell, you might be obsessively collecting staging ideas. Home staging helps present your space as well-designed and ultra-livable, showing potential b... Full story
Bob Hillery CR Properties Wannabe home buyers are hoping for a full on housing market crash because prices have zoomed up so fast. Regardless of what buyers wish for though, we're unlikely to have a repeat of the crash we experienced from 2008 to 2014 when house prices fell by double digit percentages from their 2007 peak. Prices "might go down a little bit, but a crash I consider to be more than 10% decline in home values, and that seems far-fetched right now," said Daryl... Full story
Last week we learned that there is not a housing bubble; there is reduced inventory, more than normal, and that mortgage interest rates will likely reach 7% by the end of the year. In fact, my loan officer locked a buyer at 6.75% yesterday so 7 % certainly doesn’t seem that far away. Inflation has not reduced in the last week; some indicators are that despite the Funds rate increases, inflation might have actually risen in September (which we’ll know within several weeks whe... Full story
After a tumultuous summer for real estate, autumn is here. As of mid-September, the benchmark 30-year fixed-rate mortgage average is hovering a bit above 6% and skyrocketing home prices are finally starting to drop, slowly, (references below). Housing inventory remains tight, however. These indicators are both good and bad news for fall homebuyers and sellers. Wondering which direction the housing market will head in as the leaves start to change color? Curious where interest... Full story
When searching for a loan, most borrowers will seek the one that offers the lowest mortgage interest rate. A low interest rate means less expensive monthly payments, so the borrower will be saving money over the life of the loan. Below are the common factors that influence mortgage interest rates. 1. Credit score One of the largest contributors to a mortgage rate is the borrower’s credit score report. A credit score is a summary of your borrowing history, including any late p... Full story
Insist on professional photos and videos – consumers like to see lots of quality pictures and video. Studies have shown that listings without pictures get quickly passed over. Walk through video has become increasingly popular with consumers too, they want to learn as much as they can about a property before they request a showing. If the property is rural or unusually large, then drone photos are warranted to show how the lot lays out and what’s surrounding the property. Aga... Full story
For everyone who wanted to sell real estate this year but hadn’t pulled the trigger yet, the top of the market has passed. Per the market activity report, we have moved from a super strong seller’s market to more of a neutral market. Many economists, real estate professionals and authors are indicating we are approaching a buyer’s market but consensus is that we are not there…yet. Properties are going into escrow but at a slower rate (28% reduction from this time last year) b... Full story
In previous articles, we discussed what iBuyers (investment buyers) are and that Open Door is the largest iBuyer with the deepest pockets. It was identified that Zillow had previously been in the business of direct purchasing of residential properties, but they ceased that operation arguably because there are no agents involved in direct purchases, so sellers wouldn’t know to provide required disclosures and that there could be resulting lawsuits. Zillow cited difficulty in a... Full story
What is an I-buyer and what should consumers know about them? i-Buyers are investment buyers who look to purchase inexpensively below market value then turn around and resale the property at prevailing prices. There are differences in some of the programs but mostly they do not intend to hold the property for rental purposes. An i-Buyer will generally offer to pay cash for the home, sight unseen. If the offer is accepted, the transaction can often close in as little as a few d... Full story
