The next highest state is Texas at 7%. Now Congress is debating if they should continue funding Fannie and Freddie. My thought is Yes, a Resounding Yes! These programs actually bring in Funds every year and are Profitable. I don't claim to be the shiniest penny in the stack, but Profits are something the Government could use more of, Right? I would really appreciate your take on this.
You make a fair offer on a great property and wait for a response. Wait wait wait and wait some more, because too many agents don't bother getting back to you. I suppose they don't understand there are timelines and clients to consider. I can call, leave a voice message, text and email to no avail. Professionals, not. These agents would probably cry the loudest if they were on the other side of the transaction.
As for myself, I return all calls and messages. Yes, even on multiple offer properties. It takes a little time and effort, but everyone deserves an answer. I want to be a Realtor that others want to deal with, not the other agent.
When agents take a listing, they have a duty to present all offers, and respond to same. When I take a listing, it is marketed, updated, and Sold. I don't just take listings, I Sell Homes.
Several times each week I hear the same thing from Clients:
Well, the Zestimate says it is only worth $**********.
Really I say? Then, I patiently explain to them how those computer models work:
Draw a 1 mile radius around the home selected. Then, average the cost per square foot of every home sold. Multiply that times the square footage in your desired home. That is how they come up with their GUESSTIMATES. Remodeled, falling down, much larger or smaller home, pool, patio, age of home, different neighborhoods are not in the value. If a freeway divides zip codes, or even cities, they do not care. See where I'm going with this? In every city, different neighborhoods have different values. Even a city street can divide neighborhoods and values change significantly.
The correct way to do an Accurate Property Valuation is have a Professional do it. You can order an Appraisal, or contact a Realtor that is familiar with the area. I have even started showing up with that Analysis, (CMA) for the client to see and understand. I like educating my clients anyway, so this is a great tool. I only wish that I had done this years ago.
If you know of anyone looking to Buy, or Sell a home, please remember me.
I just read an interesting article that asks the same question. After all the filler, this is their take on it:
Home prices will continue to appreciate, and are still below the highs of 2004. Interest rates will probably go to 5% and higher in 2015.
When you look at what that does to a mortgage payment, and affordability, it makes sense to buy sooner than later.
Rental rates continue to climb nationally, and in Orange County. Locally rental rates are high enough that purchasing a home may be much less expensive.
I would appreciate your opinion.
The current inventory of available homes has climbed to almost a Normal level. Currently, there are 7,750 units Active in Orange County, Ca. Interest Rates elevated to 4.15% for a conventional 30 year fixed, not Jumbo Loans.
Days on Market for a home to sell is up to91, vs last year when it took 44 days. That has also stabilized home prices in the area, as all the above contribute to Supply and Demand. Million dollar homes make up 28.8 % of all listings in Orange County. Home ownership is the lowest in decades at 64.8 %.
If you find any of this information helpful, please let me show you how I can support you
As we enter another year with minimal rainfall, people are starting to wonder:
Will El Nino end our severe drought?
According to climate scientists, the predicted coming El Nino will not solve the problem. Unfortunately, the prediction is for a "weak to moderate" weather event. Strong El Nino's are associated with lots of rain in California, but anything less may not. The chances of this weather event are 70% by the end of summer, and 80% this winter.
Environmentalists are being pressured to letting new dams be built. Also, desalinization is being pushed as another viable water source. Unfortunately, the builders of these facilities want to dump the warm, byproduct water directly on to the sea floor. That kills marine life. The alternative is buried return lines that do not.
Water is the essential part of life as we know it. What is your opinion?
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