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My wife and I have bought and sold several homes in the forty two years that we have been married. We have dealt with many personalities and attitudes with the representing agents. We had never prepared ourselves for the professional training and winning attitude that has been shown us by the team of Elgin and Pilar Walker.
John and Mary Ann Sprengelmer,
tips on homeowner ship


Shift in the Real Estate Market Means Shift In Your Buying Strategy

Recent real estate market changes are a good thing for home buyers.

It’s been an interesting year in real estate…and we mean “interesting” in a good way. Prices in Southern California have jumped nearly 30 percent, and while inventory was Plan your home buying strategy.low earlier this year, interest rates have also been incredibly low. Even the bump we saw over the summer still had rates holding at under 5 percent. In the past few days, we’ve seen rates take some small dips on the heels of the news that the Federal Reserve will continue their program of Quantitative Easing as the economy improves.

Some potential home buyers have gotten understandably nervous about the changes in the market. While we understand that nervousness, we want to provide you with some considerations when planning your home purchase. Remember, it’s not just the price (Especially when you are financing), it’s what you can afford. You can’t control fair market value, but you can control your purse strings. 

Strategies to consider when buying a home.

With interest rates still incredibly low, your buying power is still strong. Of course, the best thing to do first is to know what your buying power actually is, and we strongly suggest getting preapproved by a qualified, experienced lender.

Of course, the first thing to do is to prepare yourself to obtain the best interest rate and loan terms possible. Review your credit report, and consult with your lender for suggestions to improve your score if necessary.

Equity is once again on the rise, and home prices are climbing. Consider, if possible, to go in with less than 20% down. Your lender can offer options and alternatives that may qualify you for a loan for as little as 3 to 5 percent down. In many cases, buyers are growing equity and value in their home before it even closes escrow.

When calculating mortgage payments during the loan qualification stage, make sure you aren’t going too close to your maximum financial comfort level. Yes, home prices are on the rise, but that doesn’t mean you want to put yourself at risk, or become “house poor”, where all of your money goes to your mortgage payment. We can help find the right house for you that will fit within your financial comfort zone.

We are your real estate advocates.

In our 25 years in the real estate industry, there isn’t anything we haven’t seen or encountered. Our knowledge of the market, as well as the residential areas of the Santa Clarita Valley and surrounding community, have helped many buyers and seller reach their real estate goals. Contact us today with your questions.

Keller Williams VIP Properties
25124 Springfield Court Suite 100
Valencia CA 91355
Office: (661) 290-3781
Mobile: (661) 347-6248

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