Blogtastic Articles!

Dec. 20, 2019

2020 - Where is the Housing Market Headed?

Would you like to know more about how this personally affects you?  Contact me.

Want to know how much your home is worth? Click Here!

Posted in Real Estate Tips
Dec. 20, 2019

Make your Dream Home a Reality!

Dreaming of a new home in the new year? Let’s connect to make sure you’re making all the right moves and saving what you need to make homeownership your reality.

Everyone's situation is unique. Therefore, I'll be happy to sit down with you and explain how this works for your particular circumstance. Call me at (510) 681-3499 or just click here to send a message to me

Posted in Real Estate Tips
Dec. 12, 2019

The Winter Buyer and Seller Guides are Here!

Excerpt for today's video: The Winter Buyer & Seller eGuides are a great way to learn more about what's most important in the market today - and they're available now! Let's connect to get them in your hands, so you can feel confident when buying or selling a home.

Posted in Real Estate Tips
Dec. 6, 2019

December - By the Numbers

 

Knowing what's happening in the real estate market is key to making your home search a successful one. Let's connect to determine how low mortgage rates and more can drive your process forward.

Posted in Real Estate Tips
Nov. 26, 2019

Rent or Buy, Either Way You're Paying a Mortgage

If you’re ready to put your housing costs to work for you, maybe it’s time to become a homeowner. Let’s connect to determine if moving from renting to buying is right for you.

Nov. 21, 2019

Time Travel via Interest Rates

  • With interest rates around 3.66%, now is a great time to look back at where they’ve been over the past few decades. Comparatively, they’re pretty low!

  • According to Freddie Macrates are projected to increase to 3.9% by this time next year.

  • The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year and $7,200 over the life of your loan.

  • Maybe it’s time to lock in now, while rates are still historically low.

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy!

Click here to get started!

Posted in Mortgage Rates
March 29, 2018

Buyer Real Estate Market Frustration and How to Get Your Offer Accepted! [VIDEO]

The plan WAS to discuss the new tax laws taking effect, but went off on a severe tangent. We vent some frustration at buyers having significant difficulty getting their offers accepted. However, we discuss several different ways to help ensure that you DO get your offer ACCEPTED.

Maureen Torretto, Loan Consultant with iMortgage.
Email: MTorretto@loandepot.com
Phone: 925-577-8706

Michael Koenig, Real Estate Broker
Email: SFBayRealtor@gmail.com
Phone: 510-681-3499

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy!

Click here to get started!

Feb. 5, 2018

Whether You Rent or Buy, Either Way You're Paying a Mortgage!

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich”:

“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”

Christina Boyle, Senior Vice President and head of the Single-Family Sales & Relationship Management organization at Freddie Mac,explains another benefit of securing a mortgage as opposed to paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person building that equity.

Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country were at 4.22% last week.

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy.

Click here to get started!

Jan. 24, 2018

Thinking about Solar Panels for your Home?

We live in sunny California, so why not?

Here's a great place to start!

(This link takes you to Google Project Sunroof)

Posted in Real Estate Tips
Jan. 23, 2018

Home Purchasing Power: The Trend is NOT your Friend!

Much has been said about the rising prices of real estate in the Bay Area. But this is only half of the story.

Here's the other half:Home Purchase Power - How Much House at $2,500 a month

This chart is quite a bit different from your typical 'interest rate' graph.

The key idea behind this chart, is to keep you monthly payment the same, regardless of what happens with to the interest rate. 

Example 1: a monthly payment of $2,500 at a 6.5% interest rate, buys a loan of $396,000.
Example 2: a monthly payment of $2,500 at a 3.2% interest rate, buys a loan of $578,000.
Example 3: a monthly payment of $2,500 at a 3.95% interest rate, buys a loan of $525,000.
Example 4: a monthly payment of $2,500 at a 4.95% interest rate, buys a loan of $470,000.

Never under estimate the power of leveraged money! A change in interest rate of 1 point, changes your corresponding qualification amount by 10%!!

Let's look at the numbers another way:Effect of Home Appreciation AND rising interest rates on your monthly mortgage payment

The basic premise behind this scenario is that real estate prices are expected to rise about 4.7% and interest rates rising also to 4.6% by the end of the year. What this chart illustrates, is that the exact same purchase now versus the end of the year, will end up costing you $30,550 more, which equates to $405 MORE per month! The very same house!

What does all of this mean?

Buy your new home before it gets even more expensive!

Everyone's situation is unique. Therefore, I'll be happy to sit down with you and explain how this works for your particular circumstance. Call me at (510) 681-3499 or just click here to send a message to me. It's important to wrap your head around these concepts. Are these trends foolproof? Nope. But they are realistic. The fear, is that interest rates will rise even higher that these projections.

 

Disclaimer: This chart and the numbers used are rough estimates but are based on current values and realistic projections by economists. It is VITAL that you contact a lender to get personally pre-approved. Everyone has a different credit profile and your actual interest rate and payments will differ. I'll be happy to recommend one to you. Contact me