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Category: Home Buying Questions

26
May

What Does a Reduced Commission Say About the Agent You Choose?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

Today – live from our new office – I wanted to discuss why the average agent would reduce their commission here in Southern California.

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First, if any agent is unable to negotiate his commission with you, how can you expect them to get the best and highest value for their property? It’s a big question and a big red flag. Secondly, they might be desperate for business. Most agents willing to take a commission drop are desperate for this business. You need to be asking about their active inventory, and what are their past testimonials? You should speak with three past clients of theirs to ask about what you can expect when you work with them.

Third is marketing – what is their philosophy, what are their marketing campaigns, how much of what by when? Most agents willing to take a commission drop will have little to no marketing at all. Next, look at quantity vs. quality. Most agents just want quantity, and quality is where it’s at. It’s the most important part of the process, especially the communication with you.

If you have any questions for me or topics you’d like to see covered, send me an email! Thanks again for watching, and I hope to hear from you soon.

13
Apr

What Separates Us From Other Buyer’s Agents?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation 

When you’re out looking for a home and you hire a buyer’s agent, you want to make sure you are being represented in the best way possible. Today we are going to discuss whether your buyer’s agent is providing you the right value when looking for a home.

Most buyer’s agents, when you tell them you’re looking to buy a home, will set you up with an MLS search and wait for you to call them, even if you can’t get ahold of them most times when you want to.

Our strategy is different. We do active prospecting, where we are going door knocking, phone calling, and finding the right buyers and sellers together. We aren’t property searching, we are property matching.

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We know you don’t have time to go through hundreds of listings to find the one you’re looking for. That’s why we are here to make sure we find the perfect home to match your needs. It all comes down to reputation, past sales, and trustworthiness. That’s what we are about and that’s why we love helping buyers in Southern California.

If you have any questions for us, or any suggestions for future topics, we would love to hear from you. Just give us a call or send us an email!

15
Apr

3 Questions to Ask Yourself Before Buying A Home

If you are debating purchasing a home right now, you are surely getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually a good time for you to buy a home.

There are 3 questions you should ask before purchasing in today’s market:

1. Why am I buying a home in the first place?

This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances.

A study by the Joint Center for Housing Studies at Harvard University reveals that the four major reasons people buy a home have nothing to do with money:

  • A good place to raise children and for them to get a good education
  • A place where you and your family feel safe
  • More space for you and your family
  • Control of the space

What non-financial benefits will you and your family derive from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.

2. Where are home values headed?

When looking at future housing values, Home Price Expectation Survey provides a fair assessment. Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

Here is what the experts projected in the latest survey:

  • Home values will appreciate by 4.4% in 2015.
  • The cumulative appreciation will be 19.3% by 2019.
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 11.7% by 2019.

3. Where are mortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long term cost’ of a home can be dramatically impacted by an increase in mortgage rates.

The Mortgage Bankers Association (MBA), the National Association of Realtors andFreddie Mac have all projected that mortgage interest rates will increase by approximately one full percentage over the next twelve months.

Bottom Line

Only you and your family can know for certain the right time to purchase a home. Answering these questions will help you make that decision.

 

* Source: Keeping Current Matters