Posts Tagged ‘real estate’
Goodbye Mortgage Insurance (Buyers Can Save Money!)
My preferred mortgage professional Elvin Wesley recently sent this information regarding mortgage insurance (MI) – this is good to know for all buyers or future buyers: Great news, buyers no longer must wait until they have 20% down to purchase a home and get a mortgage loan without Mortgage Insurance (MI)! If they meet the…
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2022 Real Estate Market Predictions
Happy Holidays to everyone! It’s that time of year again when I share my thoughts on real estate market predictions for the new year. It definitely has been a time like none other in the real estate market. Homes in San Diego County are still selling at high prices, many over asking price and over…
Read MoreComing Right Up: More Buying Power For Buyers
Attention buyers using loans to purchase property: your buying power will be increasing this Spring. The Federal Housing Finance Agency announced it will be increasing conforming loan limits almost $38,000 starting in March. First let’s look at what exactly a conforming loan limit is. Fannie Mae and Freddie Mac are the guarantors of the majority…
Read MoreMost Costly (But Preventable) Home Maintenance Issue
It always amazes me when I list homes that most sellers do not do the one thing annually to protect themselves from hefty costs at selling time…and it only has to be done once a year and costs very little. If you guessed “termite inspection” you are correct! Here in California termites are pretty common…
Read MoreThe Importance of Trust in Real Estate Agency Relationships
Trust is a key element in any relationship, and that includes business. In real estate transactions buyers and sellers need to be able to trust their agent, as agents not only tell their clients what documents are required to complete transactions, but also negotiate on their clients’ behalf. The role of an agent is to…
Read MoreReal Estate Market Update June 2020
It certainly has been a challenging time for all of us, but the real estate market does not seem to be affected. There are fewer homes for sale now than at any time since 2006 – according to Altos Research – and the number of listed homes seems to be falling rather than increasing, as…
Read MoreUPDATE: BEWARE BEFORE YOU FORBEAR
This is an update to the last blog I posted on mortgage forbearance in this time of the Coronavirus…here are some VERY important updates if you are considering mortgage forbearance: 1. Affected credit scores – while federally backed loan borrowers are eligible for forbearance due to hardship suffered as a result of the pandemic, credit…
Read MoreShould You Stop Paying Your Mortgage Now? Important Information on Forbearance
I have had a few people ask about forbearance and whether they should stop paying their mortgages during the Covid-19 isolation, under the CARES Act. In a nutshell, NO, you should not do so unless you truly cannot pay it and have established a forbearance with your lending institution(s). Let’s first define forbearance: it is…
Read MoreReal Estate Market Update: What’s In Store for Q2, Q3 and Q4?
In an effort to get as much information as possible out there to my clients and those interested in the real estate market during these troubled times, here is some important information to keep in mind. According to industry experts on the front lines (lenders and real estate people), home prices are expected to drop…
Read MoreWhat is the Effect of COVID19 on San Diego Real Estate?
First of all, I hope everyone is healthy and taking precautions to remain so, like social distancing, exercising and eating healthy. I have been speaking with many clients – buyers and sellers – and the number one question I get is whether they should consider buying or selling real estate right now, during a pandemic.…
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