Home Buyers

Rumors that The Federal Reserve may raise interest rates have not affected the market…yet.

For all this talk of the impending rise in mortgage interest rates, the first week of August ended on a good note with rates hovering just UNDER 4 Mortgage rate updatepercent (3.98 percent as of Friday, August 7th).

The market is in pretty good shape at the moment, with the recent jobs numbers from the Bureau of Labor Statistics bolstering confidence along many financial lines. Of course, this confidence may eventually lead an increase in inflation; something the Federal Reserve would like to avoid.

So how do we curb inflation as the nation’s economy improves? Many signs point to raising the base rate at which banks borrow money. In essence, this move trips a proverbial “breaker switch” with businesses and financial institutions, causing them to rethink their decisions on raising prices on goods and services. That being said, even a slight push upward in Federal rates will have an impact on the real estate market, even if it’s only temporary. Federal Reserve Chair Janet Yellen has hinted that rates may rise as early as September.  Continue reading

There are plenty of benefits to paying cash for a home, but don’t overlook the opportunities that come with leverage.

As it is often said, a home purchase is one of the biggest decisions we make in our lifetime. It comes with many responsibilities, and many advantages.All cash home buyer

One advantage, of course, is the fact that over time, your investment will grow in value. It can be safely said that real estate is one of the safest long term investments one can make.

That being said, you have a few choices as to how you’ll make that investment work for you. You can either pay cash for your home (Provided you have that kind of cash on hand), or you can finance. So which one is better?

Pros Of Paying Cash For Your Home

  • The first, and most obvious, is that you won’t have a monthly mortgage payment
  • You own your home outright, and are given title, as soon as escrow closes
  • Escrow may close more quickly, as you have options to waive certain contingencies that are usually required when you obtain a mortgage loan

Continue reading

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

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

Housing prices remain steady, although we’re seeing some signs of the end of the “summer rush.”

August showed a steady pace in the Santa Clarita real estate market, with new information released by the Southland Regional Association of RealtorsMontemayor and Associates Remax of Valencia

While there were no “wild rides” real estate-wise, we did see a market that held its own through what most consider the “dog days of summer.”

Median home prices and sales remained somewhat the same as July, with median sale prices holding at $415,000, which includes both single family residences and condominiums. We saw a slight drop in the number of home listings at 441 for August, compared to 500 in July, but the number of escrows opened and closed barely changed month over month.

Santa Clarita also saw only a slight drop in the median list price in August at $447,000 compared to $459,000. This accounts for typical pricing adjustments as the summer rush comes to an eventual close. Continue reading

West Creek community in Valencia offers great homes, locations, and schools.

Lennar Homes offers another exciting opportunity for buyers to move to new housing in Valencia.Claridad at West Creek in Valencia. Photo copyright George D. Cummings

Claridad at West Creek has recently broken ground on new phases, offering affordable townhomes with four different floorplans, catering to the buyer’s unique wants and needs.

With pricing starting in the upper $300,000’s, these homes are being built as “EI” (Everything’s Included). This means that, amenities and features normally considered an additional fee by some developers are included in these wonderfully styled homes. Everything from eye-catching interiors, green technology, interior atmospheres such as upgraded baseboards, hardware, and more) are only a few of the many “included” features, making your new home “move-in” ready.

Claridad Townhomes come in two and three bedroom options, with floorplans ranging from 1,259 square feet up to 1,512 square feet.  Continue reading

Something both buyers and sellers worry about, and how you can make sure it does close on time no matter what side of the transaction you’re on.

Escrow: That thing buyers and sellers endure as a part of the home purchase transaction. Or at least, that’s how many view the escrow process. Rather than consider it an Brandon Montemayor“endurance,” both parties should view escrow as a way of making sure all aspects of the sale are in place prior to title changing hands.

Why does escrow exist anyway? Why can’t the home just “change hands” without all the waiting around?

Would’t it be easy if you can just make your offer, have it accepted by the seller, give him (or her) your money and then you get the keys? So why isn’t a property transaction as easy as an Ebay sale, or buying a car?

Unlike personal property, real property can be a bit more complicated. As a value asset that may have exchanged hands several times (In some parts of the country, homes can be over 100 years old), both buyer and seller have to be made aware of any issues affecting the property’s sale. This may include problems, defects, title issues, or even easement and boundary disputes. As a buyer, wouldn’t you want to know about these issues BEFORE you get the keys? As a seller, wouldn’t you want to make sure that the sale transaction goes smoothly, and that some issue affecting the property won’t come back to haunt you months (Or even years) after you’ve closed the sale?

Escrow insures that all conditions of the sale are met by both buyer and seller as an objective party to the transaction. A professional escrow company understands the rules and laws as laid out by the Bureau of Real Estate, as well as local laws, amendments, and supplemental guidelines involving a real estate transaction. 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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