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WHY HOME BUYERS SHOULD HIRE A PROFESSIONAL

By Shannon Biszantz on August 20, 2015
in Real Estate News

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WHY HOME BUYERS SHOULD HIRE A PROFESSIONAL

Written by on Thursday, 20 August 2015

Source: http://realtytimes.com/

Getting a purchase closed in today’s market is complex. The real estate market has changed greatly from only a few years ago. Buyers face many more hurdles including stricter financing, low housing supplies, higher mortgage rates, and rising prices.

To negotiate today’s challenges, you need a real estate sales professional to help you close the deal. A good real estate professional understands current market conditions. He or she has house-by-house neighborhood experience and can help you obtain the right home at the best price and terms.

Your agent can help you find a home quickly. Not only do real estate agents have access to the local multiple listing service, they also share knowledge of homes coming onto the market with their colleagues. Your real estate professional will tell others about your requirements for a home so they can also be on the lookout for you.

In fact, networking is one of the biggest industry advantages. Many homes are bought and sold without a sign ever going into the yard. But, for buyers to be shown the latest homes on the market, or to hear about homes about to come onto the market, there has to be a strong relationship between the buyer and the real estate professional.

If you want to be the buyer positioned to make first and best offers on the most desirable homes, make certain your agent knows you are committed. How do you show you’re serious? There are several ways.

Get prequalified with a lender. Share your financial records so you know exactly how much home you can buy. Your agent won’t go over your limit because it would be a waste of time to show you homes you can’t afford to buy.

Work with only one agent. You can do this by signing a buyer’s representation agreement, if it’s customary in your area. If not, show your loyalty by telling other agents you may meet at open houses or socially that you are represented and give them your agent’s name.

Don’t shop for homes without your agent. If you want to look at open houses or builder homes, invite your agent to go along. If your agent can’t go, make sure you register your agent’s name with builder sales reps and open house sellers’ agents.

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Be loyal. Real estate professionals work primarily on commission. If the deal of the century is about to come on the market, who do you think your agent will tell first – the buyer with five other agents or the buyer who is loyal? If you’re playing agents against each other thinking you’ll get people to work for free and that you’ll have your pick of homes to choose, you’re wrong. Agents talk, and they’ll find out they’re working for the same buyer. If you want great service, show appreciation, confidence, and commitment.

Once you find the house you want, the work really begins. You’ll have to navigate negotiations, loan approval, seller’s disclosures, inspections with environmental and structural reports, and so on. From helping you make a reasonable offer, to providing for the discovery and disclosure of material facts, your agent can help protect your interests.

Buyers and sellers are natural adversaries. Agents must be skilled negotiators and problem solvers, as well as anticipate problems before they happen. Pride, ignorance, or stubbornness can get in the way of a fair deal for both sides.

Your agent will share your risk, and will make sure you go into any home purchase with your eyes wide open. Take advantage of the greatest homebuying resource available — your own real estate agent.

source: http://realtytimes.com/consumeradvice/buyersadvice1/item/37621-20150821-why-home-buyers-should-hire-a-professional

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San Diego home prices in June rose 19% from a year ago.

San Diego home prices in June rose 19% from a year ago.

 Home price gains in San Diego outpace U.S.

San Diego home prices in June rose 19% from a year ago.

The pace of U.S. home-price increases began to slow by mid-year but not in San Diego County, where values took their largest annual jump in more than eight years, the S&P/Case-Shiller Home Price Index showed on Tuesday.

San Diego home prices in June rose 19 percent from a year ago, which marks its largest year-over-year hike since March 2005. The latest data also shows San Diego is outpacing national home-price growth, which was 12 percent when tallying all 20 areas in the index.

This is often the storyline for supply-constrained counties like San Diego: A limited amount of land means a limited number of homes can be built, which tends to drive up prices, said Michael Lea, a real estate professor at San Diego State University.

“We have more land constraints than most other cities,” Lea added. Similar areas include Los Angeles and San Francisco.

All 20 major metros in the Case-Shiller report showed price gains in June’s report, but fewer cities saw faster growth this month than last month. In this report, six fit that bill. In the previous report, it was 10. Also, more than half of the areas in the index showed weaker month-to-month gains.

For more information on this article from Lily Leung at the Union Tribune:

http://www.utsandiego.com/news/2013/aug/27/san-diego-home-prices-real-estate-values-gains/

 

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San Diego Home Prices Gain and Outpaces U.S. Real Estate Sales.

San Diego Real Estate Sales prices surge and reach higher than United Sates Real Estate Sales.

 

San Diego Home Prices Outpace U.S.

San Diego Home Prices Outpace U.S.

The pace of U.S. home-price increases began to slow by mid-year but not in San Diego County, where values took their largest annual jump in more than eight years, the S&P/Case-Shiller Home Price Index showed on Tuesday.

San Diego home prices in June rose 19 percent from a year ago, which marks its largest year-over-year hike since March 2005. The latest data also shows San Diego is outpacing national home-price growth, which was 12 percent when tallying all 20 areas in the index.

All 20 major metros in the Case-Shiller report showed price gains in June’s report, but fewer cities saw faster growth this month than last month. In this report, six fit that bill. In the previous report, it was 10. Also, more than half of the areas in the index showed weaker month-to-month gains.

The sudden uptick may have pushed some on-the-fence buyers into the market but also may have priced out others.

“Home buyers may be discouraged and sharp increases may be dampened,” said David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices, in this month’s analysis.

The significant drop in local foreclosure resales also may explain why the county outpaced the nation in home-price growth. Foreclosure resales, which tend to carry discounts, made up 7 percent of home sales in June, down from 20 percent the previous year.

Home prices are rising in part because an increasing number of real estate investors are putting their investments on the market, typically refurbished and going at a higher price, said Lea, with San Diego State University.

San Diego County’s median continues to hover at a 5-1/2 year high.

If you would like to see any property throughout San Diego Area, one of us at The Biszantz Connection at Coldwell Banker would be pleased to show you the area!

858-755-0075- Coldwell Banker

Biszantz Connection Direct Line: 619-417-4655

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 10 Reasons for Selling Your Home During The Holidays.

Selling your home during the Holidays can be an advantage!

Selling during the holidays can often be easier.

Selling during the holidays can often be easier.

1. People looking are generally more serious buyers.

2. Serious buyers have fewer houses to choose from, the seller has less competition to sell.

3. Houses are especially appealing with holiday decor.

4. After holidays the supply of listings increases substantially which lowers the demand for your home.

5. Buyers tend to be emotionally motivated at year-end.

6. Buyers have more time to look with less constrained work schedule than non-seasonal time.

7. Many people will purchase by year-end for tax-purposes.

8. You can still be on the market, but have the option to restrict showings to 6-7 days during the holidays.

9. Sell now, and specify a delayed closing or extended occupancy until early next year.

10. Be selling now, you have an opportunity to buy during the spring, when many houses are on the market.

Happy House Hunting or Selling!

Shannon Biszantz

The Biszantz Connection

619-417-4655

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Fixed Rate Mortgages Continue to Decline.

Fixed Rate Mortgages Continue to Decline.

  Fixed Rate Mortgages  averaged below 4% .

Fixed  Rate Mortgage rate levels at its lowest level since the week of June 20th.

the average fixed mortgage rates hitting new lows for the year as. At 3.97 percent the average 30-year fixed rate is at its lowest level since the week of June 20, 2013 when it averaged 3.93 percent. This was also the last time the 30-year fixed averaged below 4 percent in the PMMS until this week.

30-year fixed-rate mortgage (FRM) averaged 3.97 percent with an average 0.5 point for the week ending October 16, 2014, down from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 4.28 percent.
15-year Fixed Rate Mortgage  this week averaged 3.18 percent with an average 0.5 point, down from last week when it averaged 3.30 percent. A year ago at this time, the 15-year FRM averaged 3.33

In my humble opinion, I keep wondering how long is this going to last where it is so cheap to borrow money? If you are sitting on the fence as to whether to buy a home, these low Fixed Rate Mortgages make an undeniable argument to get off the fence and start investing in your future through buying rentals, first homes, investment income….Call Shannon Biszantz at The Biszantz Connection and we can sit down and discuss what your needs are and how best to raise your personal investment portfolio.  619-417-4655 or Shannon@ShannonBiszantz.com

– See more at: http://www.worldpropertyjournal.com

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16236 San Dieguito Road, Suite 4-12,
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