As the escrow process begins, the buyer and seller are responsible for certain costs, but is there any flexibility?

It costs money to buy and sell a home. No, we’re not just talking about the cost of the home itself, but also the costs incurred with insuring the Closing coststransaction is conducted correctly and in accordance with state and federal real estate laws. While buyers and sellers may view these facts with a bit of disdain, it’s important to understand that a real property purchase comes with liabilities unlike any other type of purchase many of us may encounter during our lifetime.

Before you balk even further, think about this: Without the professional escrow and other affiliated services objectively looking out for buyer and seller interests during the home purchase transaction, what would you know about: Continue reading

Beautiful, turn key, solar-equipped 4 bedroom, 3 bath home has over 2300 square feet of living space with plenty of upgrades.

Welcome to 19333 Lauren Lane in Saugus!

This is a gorgeous home loaded with plenty of upgrades and amenities PLUS a 2.1kW solar system, which means you control your own energy costs!

Downstairs you’ll find an open floor plan with a spacious kitchen upgraded with recessed lighting, granite countertops and backspash, center island, custom cabinetry and stainless steel appliances. Continue reading

Statistics show Santa Clarita homeowners are getting a very good return on their investment.

It’s been written that the industry standard for return on investment as far as real estate goes is on average between 3 to 5 percent. In the Santa ClaritaHome Warranty Valley, the median price of a single family home rose 12 percent in 2014. Condos, while not faring quite as well, still rose by just a little over 8 percent.

So think about it: Where else can you make an investment with only a small percentage down, and make 12 percent on that investment in as little as 12 months?

When thinking about personal wealth and investments for your future, real estate truly is one of the best investments you can make.

Now, the past couple of years has seen recovered growth in the Santa Clarita Valley from a few “down” years during the recession. Even taking those negative equity years (Between 2007-2010), on average, single family homes in the Santa Clarita Valley have increased in value by 6.15 percent per year since 1998 (Source: Southland Regional Association of Realtors. 1998 was the first full year they posted median statistics in the Santa Clarita Valley).  Continue reading

Upgraded single family home has 4 bedrooms, 4 baths, and almost 2,000 square feet of living space.

You’ll enjoy living in this classic style single family home located in the desirable Happy Valley neighborhood in Newhall.

As you enter the large living room, you’ll notice upgrades that include wood flooring, recessed lighting, crown molding and a brick-hearth fireplace. A perfect gathering spot for family and friends.

The dining room is large enough to double as a great room if you so desire, and comes with ceiling fan, more recessed lighting, and access to the backyard by way of the dual pane sliding doors.

Speaking of upgrades, the remodeled kitchen is open and light, with plenty of storage, upgraded counters, and newer appliances. Continue reading

It’s a great time for both home buyers and sellers in the Santa Clarita Valley.

2015 is barely a month and a half old, and yet the real estate community is abuzz with a lot of positive signs as we speed through February.Santa Clarita Real Estate Market Update

First of all, with available housing inventory on the lower side of nominal (somewhere in the mid 500’s), most sellers are confident that they can sell their home relatively quickly at market rates, which climbed nearly 15% in 2014.

Mortgage rates have bumped up (very) slightly, but are still well below 4 percent, which is great news for both buyers and sellers? Why is it great news for sellers? Well, for the most part, many sellers turn into buyers once they have their home in escrow, so the “win-win” is in full effect. Homeowners are excited as well, being able to take advantage of lower rates to refinance to a lower monthly mortgage payment, or access equity to make home improvements or other investments. We’re continuing to see mortgage loan applications jump as a result of low interest rates.  Continue reading

With tax season in full swing, there are some things you should be aware of if you plan on buying a house.

In this world nothing can be said to be certain, except death and taxes.
-Benjamin Franklin

Yes, we’re quickly approaching that time of year that many of us dread…the tax deadline! Of course, What you should know about buying a home before filing  your tax return.many look forward to tax season as, depending on your financial situation, you may expect a refund along with your return.

The benefits from a tax perspective can’t be overlooked as a homeowner. With deductions that may include mortgage insurance and property taxes, it’s a huge relief to know those “write-offs” can help reduce, or even eliminate, any taxes owed.

But what if you don’t own a home? What if it’s your plan to buy a home in the next two years? Lastly, what if you’re self-employed? What can you expect when it comes to qualifying for a home loan? Continue reading

Buying a home with little (or no) down payment comes with other obligations, but is it still worth it?First time home buyer questions.

We just can’t stop talking about what a great time it is for home buyers. Low rates, relaxed lending practices (to a degree) may make it easier for you to qualify for a loan, and of course, property values are increasing, which gives you a great opportunity for a return on your investment.

Of course, it’s easy to WANT to buy a home, but not always easy to afford the 20% down payment, right? However, lenders will only finance a home up to 80% of its appraised value, so what do you do? There are options to get around facing the seemingly impossible task of saving tens of thousands (or more) of dollars in order to get into the home of your dreams.  Continue reading

What limitations, if any, are there to buying a home without a mortgage loan?

It’s usually a rare opportunity that a buyer can completely purchase a home with cash, therefore foregoing having to obtain a home mortgage loan. Now is a great time to buy a homeEven still, a small percentage of buyers are out there who are able to do just that.

Paying cash for a home affords the buyer many options.

1. First off, a cash offer is REALLY appealing to a seller.

Sellers like to see that an offer from a buyer is as solid as possible. The less risk on their end that a buyer is qualified, or has the money, to purchase their home, the higher the chance that they’ll accept the offer.

In some cases, paying cash may allow the buyer to negotiate terms, if not selling price, that can work out to a win-win for both parties.  Continue reading

2015 off to a great start for home buyer in many ways.

It appears that the news continues to be positive for the Santa Clarita real estate market as we already near the middle of the first month of 2015. FirstSanta Clarita Real Estate up, interest rates have dropped…again, hitting a 20 month low by hovering in the low 3.70 percent range.

We’ll reiterate how incredible this news is for qualified home buyers looking to maximize their purchasing power. Homeowners considering selling their home soon should also take heed, as there is even more good news that will affect buyers in a positive way.

So, we once again have nearly historically low interest rates. In other home buyer news, Fannie Mae and Freddie Mac have made changes to their guidelines for lenders by backing loans with as little as 3% down.

But wait…there’s more!

As you probably know, purchasing a home using a zero down payment loan requires Private Mortgage Insurance (PMI). Typically, the cost of PMI was 1.35% of the value of the loan at or above 80% of the loan-to-value ratio of the property. The Federal Housing Administration (FHA) recently announced that they will cut the cost of PMI from 1.35% to .85%, which will typically save the homeowner with a zero down mortgage up to $900 per year. Continue reading

Qualified buyers still need to be aware of their actions during the escrow process or risk losing the deal.

So you’ve qualified for a home mortgage loan, found your home of choice, submitted an offer, and the seller has accepted. Congratulations!  You’re on Montemayor and Associatesyour way to becoming a homeowner!

Did you know that many escrows fall through for buyers because they do things that lenders frown upon? Let’s take a look at some of the top things you should NOT do when buying a home.

1. Rack up more debt.

We know, we know. You’re in escrow, and you’re already dying to buy new furniture, appliances, and accessories for your home BEFORE you’ve even received the keys to your new home. Lenders frown upon buyers incurring more debt between the time you’ve been granted pre-approval and the underwriting process. Remember, pre-approval does not mean you have the money in your pocket. The underwriters will take another look at your credit and spending habits prior to giving your loan the green light. Continue reading

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Client Testimonials
I had specific needs for my new home. Brandon was very patient with my unique situation and flexible when it kept changing. He showed me so many houses, but with little inventory, none of them were quite perfect or they had too much HOA or Mello Roos. Finally when we found The One, no HOA, no Mello Roos, it had been on the market for 4 days and I made an offer that morning. I was sure the sellers would give it to someone else but Brandon worked hard to make sure they accepted my offer and by that night, the house was mine. Had it not been for Brandon I would still be searching for a house because so far, there is still nothing better than mine.
Lisa G. , Saugus
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