Making decisions about your home can feel like a big deal—whether you're dreaming of a new bathroom, adding an ADU, or thinking about buying a second home. But guess what? You don't have to navigate these choices alone! If you're on the hunt for a contractor or need some advice on your next project, give me a call. We’ll connect you with trusted contractors and pros who can bring your vision to life and offer our advice —without the hefty fees of an attorney— to help you avoid any decisions that might impact your property’s value.
Make sure to keep me as a key contact on your phone and speed dial for those important decisions. Don’t go at it alone—use our knowledge and experience at your advantage.  Let us be your trusted resource, helping you make the best choices for your home and future. We’re here to ensure your journey is as smooth as possible. Reach out to us anytime—we can't wait to chat with you!

If you’ve been holding off on buying a home because of rising mortgage rates, now’s a great time to take a second look!
Rates are starting to drop, making homeownership more within reach.
You may have heard the phrase “marry the house, date the rate,” this concept means you can secure your dream home now while having the flexibility to adjust your mortgage rate later, so you won’t feel stuck with today’s rates forever. With inflation easing, mortgage rates are following suit; we’ve seen them go from over 7% down to now closer to 5%, and they could keep dropping.
Plus, with no-cost refinancing options, you can lock in a better rate now and refinance later without the hefty fees. It’s a smart move that can save you a lot of money down the road. With improving rates and the flexibility to refinance, now is the perfect time to buy, and I’m here to help guide you every step of the way. Let’s make your home-buying experience fun, stress-free, and affordable!

Big news in the real estate world—soon, commission details won’t be listed directly on the MLS anymore. Instead, we’ll be using new forms to handle this information. This change is all about making things clearer and more streamlined, so everyone knows exactly what to expect without any added confusion. But don’t worry, the core of how we buy and sell homes remains unchanged, so you’ll still get the top-notch service you’re used to!
The new forms are designed to simplify the process and enhance transparency. Whether you’re hunting for your dream home or gearing up to sell, you’ll find that while the paperwork might look a bit different, the exceptional care and expertise of your real estate team will stay the same. This update is all about making your experience smoother and more straightforward, so you can focus on finding the perfect place or getting the best deal. Here’s to making real estate transactions easier and even more enjoyable!

Homeowners often fall into the trap of making upgrades they think will add value, but sometimes these changes turn out to be unnecessary and even problematic when it’s time to sell. Take solar panels, for example. They’re fantastic for the environment and can slash your utility bills, but they don’t always increase your home’s resale value. We’ve seen situations where potential buyers are hesitant to take on the financial responsibility of solar panels, especially if they’re leased or financed. This can lead to complications and delays in selling your home, making it a less attractive option for buyers.
So, what’s the best way to avoid these pitfalls? Talk to the pros! Consulting with real estate agents and experts can give you a clear picture of whether purchasing or leasing solar panels is the right move. They can help you understand the financial ins and outs and what buyers are looking for. Remember, it's all about finding the right balance between making your home more appealing and ensuring it remains marketable.

Reach out to us anytime— we're here to help you make the best decisions for your home and your future!

Picture this: you’re enjoying a lazy Sunday morning with your favorite cup of coffee, when suddenly, an email pops up saying there's a foreclosure recorded on your property. Your heart races – what’s going on? This is exactly the kind of moment the Homeowner Alert Service (e-Notification) was made for. By signing up, you get real-time alerts whenever a foreclosure, transfer of title, or mortgage is recorded on your property with your County Registrar-Recorder/County Clerk.
Think of this service as your personal watchdog, always sniffing out any suspicious activity that might suggest real estate fraud, keeping you one step ahead, allowing you to catch and address potential issues before they become real problems.
But here’s a fun fact with a serious twist: scammers and hackers might try to crash this party. They could intercept these email alerts and use the info to change phone numbers on your bank accounts or pull off credit card fraud without you even knowing. So while the Homeowner Alert Service is awesome for protecting against real estate fraud, it’s also a reminder to keep your cybersecurity game strong. Stay alert, stay safe, and keep enjoying those peaceful mornings!

Position yourself as a strong contender that can move when the moment is right with these proven tactics

Are you ready to buy in this crazy hot market? Here are ways to make yourself a more competitive buyer in a seller’s market.

With so many buyers on the hunt, it is important to keep an open mind when searching the market. It is important to set your expectations that the top end of the search price range should be significantly under the top end of the budget. Making sure you are open to touring unexpected neighborhoods, it is worth it to explore adjacent areas with less interest.

A key in this market is getting pre-underwritten. it is worth the substantial; legwork compared to pre-approval but in the end, you will need to do the legwork to finalize your loan. This will provide you confidence in your budget in turn providing the seller more confidence that your funding will come through. With today’s lower mortgage interest rates, their month-to-month mortgage payment even with PMI factored in may be very reasonable.

Making it easy for the seller will go a long way, it is more important to send a string email summary with your offer and follow up consistently. Always start with your strongest offer, instead of testing the bottom where the seller won’t even consider countering, they will just move on.

Being ready to offer quickly is also key to winning in a competitive market, and considering these tips before you find the home you want to buy will help you feel ready to jump when the moment arrives.

To read more about ways to be a competitive homebuyer in this intense market, read the following article by Inman Content Studio. https://www.inman.com/2021/05/24/6-tips-to-help-your-homebuyers-in-a-sellers-market/

When beginning to shop for your first home, start with the options at the lower end of your budget.  If you find homes you like in that price bracket, then stop there. 

Let’s say you qualify for loan to purchase a 3,800 square foot home with a pool.  Very tempting, but deep down you realize that a 2,000 square foot home would be big enough for you.   For every additional $1,000 that you pay for the bigger house, you will be paying $1,000 plus interest.  By the time you’ve paid off the loan, you may well have paid double that.  Remember that buying a bigger house means bigger ongoing expenses, too: utilities, maintenance (roof repairs, painting, etc.)–and property taxes.

That’s money that might be better spent on other important goals over time, such as education, establishing an emergency fund, and saving toward retirement.

Many will argue that your house is a great investment and you should therefore push the limits of your spending ability a bit when buying.  Housing has certainly does appreciate nicely over the years, but the averaged stock values of the S&P500 have easily outpaced them over the past 50 years.  Just don’t allow yourself to be lured into spending more than you are financially comfortable doing.  Go for less than you can afford.  You can make improvements to your modest home, when you’re ready, thereby bumping up your equity in a safer, incremental way.

And do try to put 20% down on your house.  It will save you from wasting money on private mortgage insurance (PMI) and will help keep you from getting “under water” if the value of your home declines.  Aiming to put 20% down also helps you gauge whether or not you can really afford a particular house, too.  If you can’t afford 20% for that house, consider looking for a less expensive one, or else waiting—and saving up for that down payment.

Most Americans hold a deep-rooted belief in home ownership.  Its size, quality, and location are all status symbols.  We tend to say of families with a flashy car and a big, fancy house:  “They must have a lot of money!”  

Because this family is spending a lot of money on items that go beyond basic comfort levels—including the big house–we assume they’re in a great financial position.  But deep down, we know this isn’t rational.  To build wealth, you must spend less than you earn. 

Top SoCal real estate agent can help you buy real estate in Long Beach, Seal Beach, and San Diego. Find a house for sale that you will love.

To read David Weliver’s complete article, visit:

https://www.moneyunder30.com/why-you-should-buy-less-house-than-you-can-afford

The Real Estate industry can be intimidating to first-time homebuyers, especially when they begin the preapproval and prequalification process.  Below we’ll refute the most popular credit myths in today’s real estate market.

Myth #1: Closing an Old Account Will Help Your Credit 

This is a very common misconception about credit impact.  Lenders mainly review a real estate agent’s client’s credit history by looking at how long accounts have been open.  Typically, lenders average out all of your current and past accounts to get an accurate, standard length of time.  Therefore, the longer your accounts have been open, the better.  

Myth #2: All Debt is Treated Equally 

There are many different kinds of debt, and each one has a different risk and purpose.  These risks are what lenders evaluate when examining your credit.  For example, short-term accounts (credit cards) are viewed as more risky if the account has a high amount of revolving debt.  In contrast, a long term debt (a 30 year mortgage) is viewed as less risky because of the extended amount of time you have to pay off your debt.  Basically, if you have a maxed out credit card and a car loan with a high balance, the credit card is more detrimental to your credit. 

Myth #3: Your Credit Can Be Improved With the Help of Credit Repair Companies 

Popular companies, such as Credit Karma, Credit Sesame, Equifax, Experian, and TransUnion advertise their ability to supposedly improve your credit.  But before you buy into all of their promises and craft a utopian view of your credit, remember the saying, “if it looks too good to be true, it probably is.”  These companies can only help you establish a plan to consolidate your debt.  They cannot reverse your debt, nor magically make it disappear.  To put it simply, in order to reduce your debt, you need to pay off your account.  If homebuyers want to create this plan by themselves, they need to make a spreadsheet with their periodic expenses along with their monthly income to map out a timeline for debt payments. 

Myth #4: When You Pay Off Your Debt, It Gets Removed From Your Credit Report 

False.  A missed payment or a collection has the ability to remain on your credit report for up to 7 years.  Even though paying off this debt will stop banks from trying to collect on it, there is no possible way to remove a derogatory mark from your credit history unless it was reported incorrectly. 

Myth #5: Your Credit Report Reflects Your Relationship Status 

Questions regarding information like employment, income, and relationship status are not reported to credit bureaus and will only come up during the credit application process.  Your relationships, whether past or present, do not appear on your credit report.  Therefore, if one partner does not pay a debt and you are on the account, you will both be impacted negatively. 

As a homebuyer, you should schedule consultations with lenders about entering the preapproval process for a loan and to formulate a plan for debt payment that allows you to have a better interest rate.  Real estate agents have an abundance of information about the homebuying process from their years of experience, so feel free to call our top notch agents at VB Realty Group for your credit questions and real estate endeavors. 

If you want to read Vance Kellogg’s full article, click the link below. 

https://www.inman.com/2020/06/30/5-credit-myths-to-explain-to-first-time-homebuyers/?unl=70030fad32f1e7eb5545778556a28aed6016077c&utm_source=referral&utm_medium=email&utm_campaign=sharedarticle