Tagged : buyers

Found 5 blog entries tagged as "buyers".

 


400+ Free Stress & Anxiety Illustrations - Pixabay

Are you thinking of buying? have you heard it is stressful? It does not have to be. There are some simple ways to make the experience a good one maybe a little nerve wracking but should not be keep you up at night! Here are some simple tips. There are more but let's start here.

Buyers first make a mental note or written list of three non-negotiables and three "would love, but could live without". For example here in Santa Cruz it might be anywhere Santa Cruz, and three bedrooms and the home must be in fairly decent condition. And three "would love but could live without." Would love to be in the city of Santa Cruz, near a school and a big yard. The idea is to understand what you can live without because in all my buyer consulting conversations

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colorful house

The path to homeownership can be much like this photo brightly colored with hope and expectation but also can have a dark side of doubt and market volatility. In the past view weeks I have had the honor of representing buyers and sellers navigate this interesting market. So many ups and downs. Why would I talk about this, don't I just want to put you in the wagon and say giddee up and off we go into the home buying or selling landscape.

Yes I do but I want to prepare you. If you are a buyer certain areas of the market are white hot and the competition is stiff. I get calls every day from prospective buyers that tell me the market is going to correct and they are expecting to get a good price based on this coming financial downturn. While I

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At a really young age I knew I did not want to live in a rented home, my mother and my father rented their homes. My father lived in a converted chicken shack at one point. It was not really was too bad just really slanted floors. My mother rented her homes until I was 20 then purchased a condo. I am not sure they really cared much but I knew it was not the way to go. This is not to shame them on the basis of wealth but really it is security. They never really knew if they were going to be asked to move or if the rent was going to increased, most of their homes the landlords would not do any repairs. It just seemed so out of control and insecure.

This morning I realized the importance of a place you can feel safe and secure in. Now with the Shelter

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It just came to me that this Covid-19, Shelter in Place experience is a lot like a situation a few years ago. The Depression of 2008. A large mortgage bubble that popped and caused a faulty built economy to collapse. This created a huge mortgage meltdown people lost jobs, people that had jobs tied to the housing industry in any way lost their job.There is a lot that happened that I will not get into here. I learned a lot about banks, lenders, mortgage companies. 

I learned that in times of crisis the very large companies do not care. This does not mean the individual employees but the corporations. And as I was listening to the news I heard something interesting. Smaller banks and credit unions are working with people who are out of work or furloughed

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Should I refinance my loan? rates are at all time low?

This is a question I get asked a lot even from other realtors.

Yes rates are low but understand when you refinance you reset the clock if you have 10 years in on a 30 year and refinance you could be looking at a 40 year mortgage.

Also there are fees involved a lot of lenders say they don’t charge fees but they really roll them into the loan they do need to get paid also there are other fees, appraisal (yes sometimes waived), escrow and title fees, and other miscellaneous fees. This will get added in and it may not pay to refinance even with a lower payment because you have increased your balance.

For instance: I refinanced a mortgage with my lender in 2013, they told me there were no fees

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