Beautiful Monterey Bay, California: Buying a Home

Showing posts with label Buying a Home. Show all posts

Tuesday, April 1, 2014

Home Prices in Salinas, CA continue to rise in 2014 First Quarter

Home Prices in Salinas, CA are continuing to rise in the first quarter of 2014

by Terri Woods - Terri sells real estate in Santa Cruz County and North Monterey County

Salinas, CA is continuing the increase in the value of single family homes well into the first quarter of 2014, and that trend is expected to continue. Over all, Salinas, CA experienced a 25% increase. Housing statistic predictors indicate a continue rise of approximately 12% for the next 12 months.

Median Listing Price: $359,670
Median Sold Price: $334,400
Median Price per square foot: $228
Median Days on Market: 28

Over 13% of homes currently listed are Distressed Properties (Foreclosures and Short Sales).

So, what does all this mean?

If this trend continues, SELLERS will continue to gain equity in their homes. Call me to see what your home is valued at on the local real estate market in Salinas. I will do a customized Market Analysis for your property.

BUYERS need to consider buying as soon as possible. Be aggressive in your home search and be prepared Buyers. Contact me for my FREE Smart Home Buyer's eBook - Tips to be the Best Buyer. It does make a difference in your negotiating power.

FIND YOUR NEXT HOME HERE Salinas, CA Real Estate

Search Homes for Sale in Santa Cruz County (Santa Cruz, Capitola, Aptos, Rio del Mar, Watsonville, La Selva Beach, Pajaro Dunes) and North Monterey County (Aromas, Prunedale, Moss Landing, Salinas, Marina, Castroville, Seaside, Spreckles)
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Friday, November 15, 2013

The Dumbest Mistakes... Smart People Make When Buying a Home in Santa Cruz County and Monterey County

THE DUMBEST MISTAKES…

SMART PEOPLE MAKE WHEN BUYING A HOME

When buying a home in Santa Cruz County and Monterey County, you need to become the VERY BEST BUYER possible. The benefits include more negotiating power, a smoother transaction, peace of mind and more. Here are some mistakes that SMART BUYERS have made when purchasing a home.

Mistake #1

Not knowing how much they can afford before they make an offer.

The easiest way to avoid this mistake is to get pre-approved for a mortgage, so you know in advance exactly how much you can afford.

Mistake #2

Not realizing in advance whom the real estate agent represents.

When you call the agent on the sign in the yard, that agent most likely is working for the seller. So beware that any information you give that agent may be used against you in negotiations with the seller. The best way to avoid this conflict is to find an agent willing to work with you as a Buyer’s Agent. Ask about my special BUYER'S VIP agreement.

Mistake #3

Not discovering hidden defects before they buy a home.

One of the most expensive mistakes is also one of the easiest to avoid, by having a professional do a whole home inspection before buying the home. Even if the home is new, we recommend full home inspections to avoid any problems in the future.

Mistake #4

Giving a Social Security Number out to several different mortgage companies while shopping for rates.

Before you give out your personal information, decide which lender you would like to work with. Credit inquiries may affect your credit rating and have a negative impact on loan amount, interest rate, etc. There is a two week window in which you can shop for loans. Check with your lender concerning this matter.

Find your next home here (North Monterey County)

BUYERS: BUYER REPRESENTATION SERVICES (No Cost to Buyer) 831-531-8183

SELLERS: Want to know your HOME'S VALUE?

Wednesday, November 6, 2013

What can you afford? And why is getting pre-approved important?

WHAT CAN YOU AFFORD?

And Why is getting Pre-Approved Important?

Real Estate 101 in Santa Cruz and Monterey Counties

Pre-approval program

Many buyers are applying for a loan and obtaining approval before they find the home they wish to buy.

Benefits of pre-approval

· You look at the “right” homes

· You save money dealing with a comfortable seller

· You close more quickly

· You minimize trauma of not knowing if you qualify

There are many different loans available. Your loan officer is the best source to discuss the many different possible scenarios.

When you visit with your lender, Ask for…

...a Good Faith Estimate which will include an approximate amount of money needed at closing in addition to an approximate payment amount. Note: Some lenders prefer not to give you a Good Faith Estimate due to strict regulations, however, if you are comparing loans from different lenders, you will need to compare "apples to apples" so make sure you get all the costs of the loan and the APR.

...a Pre-approval letter showing that you are a qualified buyer. Note: Most real estate agents will have the lender do a customized Pre-approval letter with the amount that you are making the offer when you write a contract. As a Buyer, you do not want to disclose to the Seller how much you can actually afford.

If you do not have a lender, contact Terri Woods for a list of VIP Lenders.

Search Homes for Sale Santa Cruz, Aptos, Watsonville, La Selva Beach, North Monterey County and surrounding areas for FREE
Call or Text Me concerning information on BUYER REPRESENTATION SERVICES (No Cost to Buyer) 831-531-8183
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