Buying a Home Guide to Buying a Home to Age in Place The following is provided courtesy of the wonderful people at Caring.com. If asked about major life changes, most people would probably think of their younger days. While some older citizens are settled since their decades of work and raising children are far behind them, others make significant lifestyle decisions in their golden years, including where […]
Buying a Home Common Contingencies Home Buyers Ask For I previously talked about what to negotiate when buying a home. These included things like furniture, a home warranty, repairs, and timing. It is not unheard of for buyers to make requests for certain circumstances to be met in order to complete a sale. These are called “contingencies”. Here are a few common contingencies that […]
Buying a Home Debt-to-Income Ratio and the Home Buying Process I’ve talked about pre-approval vs pre-underwriting. I also explained loan-to-value. But another term any home buyer who finances their mortgage needs to understand is debt-to-income. Why? Because it may mean the difference between loan approval and heartbreak. Debt-to-Income Ratio What is It? In a nutshell, the debt-to-income ratio (DTI) is how much of your income […]
Uncategorized Moving Tips for a Smooth Transition According to Forbes, approximately 27 million people moved from one place to another in 2021 (the latest year they found statistics). That means roughly 73,973 people per day…or 51 people every minute. That’s a lot of moving. In the rush of moving into a new Inland Empire home, you might miss something. So, in addition […]
Buying a Home Earnest Money and Its Role in the Home Buying Process So, you decided to buy a Southern California home this year. You scrimped and saved in order to come up with a good down payment. After looking at several homes, you found one that you absolutely love and plan on making an offer. Once the seller accepts your offer, you enter escrow. What’s next after […]
Selling Your Home Can You Trust Those Online Value Estimators? You want to sell your Southern California home. First, you make any necessary repairs and clear up the clutter. Then, you hire a great REALTOR®. (Hint: contact me.) One of the things your REALTOR® will discuss with you is pricing. You may be tempted to look at those online value estimators to help determine your […]
Buying a Home What Does Loan-to-Value Mean? That’s it. You’re tired of renting a home. You want to own one now. Even with interest rates at more than 6% right now, homeownership is within your grasp. I mean, even when interest rates hit double digits back in the 1980s and 1990s, people still bought houses. And today’s interest rates are nowhere near […]
Selling Your Home Clutter-Free Kid Spaces That Help Sell Homes Preparing your Southern California home to sell is only the first step. You must keep it “show ready” at all times while looking for a buyer. Your own bedroom may be relatively easy to keep clean. However, keeping up clutter-free kid spaces may pose a bigger problem. Here are a few tips to help you […]
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Buying a Home How to Handle a Low Home Appraisal You found the Southern California home of your dreams. So, you put in an offer. Happily, the seller accepted the offer. Now, you enter escrow. There’s nothing to do now but wait, right? Unfortunately, no…at least not if you plan on borrowing money to pay for your home. Lenders do not approve mortgage loans for […]
Homeowners Home Seller Tax Deductions In case you didn’t know, tomorrow (April 18th) is the official deadline to file your taxes. Since the regular tax filing deadline (April 15th) fell on a Saturday this year and the next business day happens to be Emancipation Day in Washington DC, the IRS moved the deadline to the 18th. If you waited until […]
Buying a Home Important Questions to Ask Before You Buy a Home You saved up money for your down payment and closing costs. Then, you found an agent you love and trust. After searching and searching, you finally found the Southern California home of your dreams. But before you put in an offer to buy a home, you might want to ask your real estate agent a […]
Selling Your Home For Sale by Owner Explained DIY has become quite an industry in the last several years. TV shows like “Fixer Upper”, “Rehab Addict”, and “This Old House” make you feel like you can tackle just about any renovation project. And a simple search on YouTube brings up videos on everything from how to clean out your dryer vent to how […]
Buying a Home How an Escalation Clause May Win Over a Home Seller Since 2020, the real estate market went crazy. We saw prices and demand spike to levels not seen in a very long time. Homes sold well over asking in less than a day on the market. Higher interest rates, inflation, and rising prices have tempered that feeding frenzy a bit. However, while those crazy times […]
Selling Your Home What Home Buyers Want Most in 2023 Virtual staging company Stuccco.com researched what today’s home buyers wanted to see most of all when looking for a new property. Yes, buyers like smart-home features and updated kitchens. But you might be surprised by what tied for first place: a laundry room and exterior lighting. If you plan on selling your Inland Empire this […]
Selling Your Home Outdoor Home Staging: What Not to Do You want to sell your Southern California home. So, you perform the repairs and updates necessary to make it marketable. Another part of the home selling process includes staging. Why? Because studies show that 85% of staged homes sold for up to 23% of the list price. They also sold faster than unstaged ones. While […]
Buying a Home What is a Mortgage Origination Fee? Forget about location, location, location. What about the fees, fees, fees?! When you buy a Southern California home, you receive a Closing Disclosure form. This document lists all of the details of your purchase, including the type of loan you used, the terms of your loan (length as well as interest rate), any discount points […]
Selling Your Home What Home Sellers Should Consider When Reviewing an Offer Selling a home can be nerve-wracking. One of the more stressful parts is waiting for an offer to come in. But even when you receive one, make sure you review it well before accepting. Here are a few of the things you need to look at before deciding whether or not to accept it. What […]
Buying a Home How Discount Points Work Last week, I talked about the closing costs home buyers need to be aware of when purchasing a property. These included lender fees such as loan origination, underwriting, and paying points (aka “discount points”), if applicable. It might help to know exactly what these points are and how they work before you decide if the […]
Buying a Home Closing Costs Buyers Need to Be Aware Of Your down payment is only one of the expenses you need to save up for when buying an Inland Empire home. You also need to save up for your closing costs. While these costs for a Riverside County home average about 5.35% of its sale price, the actual number may vary. These are the five […]
Selling Your Home Smart Home Features Today’s Buyers Want For the past couple of years, sellers ruled the Inland Empire real estate market. While areas like Riverside, Redlands, Rancho Cucamonga, and Yorba Linda still favor the seller to varying degrees, most of the Inland Empire has seen a shift to a more balanced market. That means that sellers may need to make some changes […]