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Thursday, May 14, 2015
One of these things is not like the others. #goat #oakland
via Instagram @shannonkellyhomes http://ift.tt/1E7K2UM
May's East Bay Real Estate Weather Report
This two and a half minute video will synopsize the east bay real estate climate as of May 2015.
Wednesday, May 13, 2015
Rents on the Rise (Again!)
According to this post on sfgate, rents in San Francisco have gone up yet again and now average $3,458/month for a one-bedroom unit.
Most people continue to rent because they don't think they have the money for the downpayment -- 20% of the rising sales prices. But you don't need 20% down to buy a house! Did you know that you can buy a home with as little a 3% down?
If you rent an apartment for $3,000/month, you could own a $417,000 condo for $2,700/month -- that leaves you with an extra $300/month for your utilities and other expenses.
As both rents home prices continue to rise, doesn't it make sense to spend the same amount per month on a property whose increasing value means money in your pocket -- not your landlord's?
Are you concerned you'll have trouble finding a property for under $450,000? Trust me, there's more out there than you think -- email me for a list. Still, if you find your tastes are a bit more expensive, you still have the ability to purchase with only 10% down (up to $1m purchase price!).
There are creative ways to put together your downpayment and closing costs; with a professional history in mortgage lending I can give you some ideas to get you started.
So, what's your excuse?
If you rent an apartment for $3,000/month, you could own a $417,000 condo for $2,700/month -- that leaves you with an extra $300/month for your utilities and other expenses.
As both rents home prices continue to rise, doesn't it make sense to spend the same amount per month on a property whose increasing value means money in your pocket -- not your landlord's?
Are you concerned you'll have trouble finding a property for under $450,000? Trust me, there's more out there than you think -- email me for a list. Still, if you find your tastes are a bit more expensive, you still have the ability to purchase with only 10% down (up to $1m purchase price!).
There are creative ways to put together your downpayment and closing costs; with a professional history in mortgage lending I can give you some ideas to get you started.
So, what's your excuse?
Monday, May 11, 2015
How much did that house sell for?
Prices continue to cover a wide spread from hundreds of thousands over asking price to others selling for below asking price. What causes such differences in sales prices? Call me and I'll be happy to review the market with you so you understand what makes the difference in home values.
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