Listo para Comprar tu Primera Casa?

Listo para Comprar tu Primera Casa?

Has sido precalificado por una entidad financiera? 

Es importante saber que una vez que ya has sido precalificado por el banco no añadas cargos en tus tarjetas de crédito, en anticipación a la Compra de tu Casa tales como muebles o artículos eléctricos, o tal vez decoraciones.

Es esencial saber que estas compras van a reflejar  un impacto drástico en tu reporte de crédito  que pudieran repercutir negativamente  corriendo el  riesgo de que a último momento el banco no te otorgue el crédito hipotecario.

Cuando comienzas a incrementar los balances en tus tarjetas de crédito los prestamistas no se sienten seguros en otorgarte el préstamo.  Es conveniente que para evitar estos tipos de incidentes o complicaciones  esperes hasta que el proceso de la compra de tu casa haya cerrado completamente, sin dejar de analizar cautelosamente tu poder adquisitivo a la hora de incrementar sus obligaciones financieras.

Recuerda que lo que no sabes, puede perjudicarte.   Sandy Flores, siempre contigo, hasta la próxima!
Si tienes preguntas o deseas hacer un comentario escríbeme a sandyfloresbroker@gmail.com  o llámame al 714-963-7462.

Advertisements
Going solo could be costly when buying a Home

Going solo could be costly when buying a Home

By, Sandy Flores Broker,

If you think hiring an agent when trying out a home sale or purchase is old news. it’s not, 88% of home buyers still purchase homes via real estate agents. True, the existence of home buying and selling websites, 1% commission sales and home buying and selling apps has made it considerable easy to go about a home sale or purchase yourself and save the realtor commissions that you have to surrender. But, the 88% of home buyers couldn’t be wrong, and here are seven reasons why you need a realtor when buying or selling a home.

Although you may be attracted by the promise of “zero real estate commission” that going solo with your real estate deals command. It could actually turn out to be more costly. Stats prove that FSBO sellers sell their house for $30,000 less than what it’s really worth. Moreover, a random real estate buyer doesn’t have the negotiating prowess that an agent possesses.

You might find yourself in any unforeseen situation when buying or selling a home. It’s your agent’s responsibility to give advice suited to you when you’re either buying or selling a home. The reason why you need a realtor in this case is that your agent has been able to deal with many of these types of issues successfully.

Your agent knows how important your time is when buying or selling and so is able to leverage his connections with other real estate agents and locals to get you clients within a short period. A good agent takes on the responsibility of helping you achieve your real estate wishes with as little stress as possible.

A good agent knows the current situation of the market. Market information is crucial when coming to a home buying or selling decision. Apart from this, an experienced agent in that neighborhood has a strategy that works best for that market.

Your agent has been in the middle of many real estate negotiations, he/she has undergone training to be a good negotiator. Hence, a real estate agent is in the best position to represent your interest when buying or selling.

Both the buyer’s agent and the seller’s agent work full-time as real estate agents and know what needs to be done to get an agreement. For example, if you are looking to buy a home, a real estate agent will track homes that meet your criteria, get in touch with the agents of the sellers and make appointments so you can see the houses. If you are buying on your own, you will have to play this telephone tag yourself.

Having a good real estate agent does not cost you anything, but it saves you a lot of potential losses. This is why you need a realtor who has market knowledge and can help you save money on your home deals.

Do you want to Sell or Buy a House? Call me today  (714) 963-7462.

 

Buying your First Home?

Buying your First Home?

By Sandy Flores Broker

 

In the past three years, prices of homes in Los Angeles have soared by 30 percent. In many areas, you’ll find a seller’s market. Only a three months’ supply of home available with 5,538 properties (single family homes and condos) sold in the past 6 months. Experts predict a seller’s market in 5 months’ time in Los Angeles and you can expect prices to go higher in coming years. So, if you’re still waiting to buy a home in Los Angeles, don’t wait too long.

But jumping in hastily isn’t recommended either. It’s possible for first time buyers to get too excited about the home buying prospect and rush in. Follow these 5 tips to avoid first time home buyer mistakes when buying a home in Los Angeles:

  1. How much house can I afford?

How much can you really afford? You need to determine how much of the monthly mortgage payments you’ll be comfortable with. Apart from meeting with a lender and reviewing your finances, there should be some soul-searching. Experts advise against going for the most expensive home you qualify for, unless you can truly bear the costs that come along with it.

  1. Be prepared

As a first timer, buying a home in Los Angeles presents you with so many options, yet you need to be prepared for rigid competition. If you are not paying cash, you should get a pre-approval from your lender before you proceed with buying a home in Los Angeles. Cash buyers tend to be more attractive to sellers because then the seller wouldn’t have to wait for the lender to approve a loan. You will need to have a down payment that’ll cover at least 20 percent of the selling price, and you may still face a bidding war for the home of your dreams.

  1. Check the down payment assistance program

Before you buy, check to see if you qualify for one of the down payment assistance programs. In Orange County, a family of four may qualify for state and federal assistance, even with an income as high as $108,350.

  1. Research The Neighborhood

Your knowledge of the area shouldn’t just be based on what your realtor told you. Research the neighborhood yourself during the day and at night. Converse with the locals at “Mom-and-Pop” stores, cafes, restaurants, markets, etc.

Immersing yourself into the neighborhood as a “local” will help you catch information that will not be disclosed by your realtor. This will give you a pellucid picture of the area.

  1. Choose the best Realtor

The truth is; agents deal with enormous amounts of problems and stress. Most of them are expert problem solvers, have “insider” information about properties/areas and can get you a great price on your home through great negotiation skills.

But just like in virtually any vocation, there will be the good and the bad. An inexperienced agent will set you back in time, money and can decrease your likelihood of getting the property you truly want. You need the best hands when buying a home in Los Angeles as a first timer, Give me a call 714.963.7462. Let’s find your dream home!

 

Tired of building your landlord’s equity instead of your own?

Tired of building your landlord’s equity instead of your own?

By, Sandy Flores Broker

 

Making that leap from renting to owning a home comes with many strings attached both financially and emotionally. And even though home ownership comes with great responsibility, you might be surprised how achievable it can be.

You can make the Dream of Owning your Home a reality, absolutely!  If you are paying monthly rent is very likely you would be able to afford a mortgage payment. The most important factor is to know how much you can qualify for and if the mortgage rates and term for your payments will actually fit your budget comfortably.

There are so many options and programs that will help you as a First Time Home Buyer, with low or no-down payment. Check it out!

For more information call me. I am here to guide you over.

 

New Tax Plan Would Slam California Housing Market, Are you Ready?

California’s biggest housing markets figure to be among the losers if a Republican-sponsored tax overhaul becomes law, according to two analyses of local market data.

Currently, a married couple can deduct interest on mortgages of up to $1,000,000; the GOP plan would cut that to $500,000.

Similarly, deductions of state and local property tax would be capped at $10,000. According to the Tax Foundation, the mortgage interest cap would hurt high-income taxpayers more than those in the middle- and lower-income brackets, because they likely own larger homes and have higher mortgage debt.

In some of the nation’s largest coastal cities, the impact could be significant.  In the San Jose, Calif., for example metropolitan area, 75% of new mortgage loans thus far in 2017 were for more than $500,000, according to an analysis by CoreLogic Inc., a housing data provider. The median home price there is more than $1 million, and even small starter homes can climb well above the proposed cap. In San Francisco metro area, 60% of new loans were for more than $500,000, while in Los Angeles and San Diego, the figures were 44% and 37%, respectively.

In addition to capping the mortgage interest deduction, the bill also limits the amount of property taxes that households can deduct to $10,000 annually. That also could hit parts of California hard, where some homeowners pay many times that.

Jeff Barnett, vice chairman of the National Association of Realtors’ large-firm real-estate services committee, said his area will be hit “very, very hard” if the tax bill passes. Even if corporate tax cuts help boost the economy, he doesn’t think that will be enough to compensate. “You’ve taken away so many incentives for housing, they can’t spend” the money from any extra economic growth, he said.

The Bay Area, Southern California and New York are the most often cited cities impacted by the mortgage-deduction cap. According to Zillow eliminating the state and local tax deduction and doubling the standard minimum deduction would result in homes valued at more than $800,000 worth taking itemizing the mortgage deduction.

The impact of the cap on the mortgage deduction could further nullify the number of future homeowners impacted by tax reform.  Zillow estimates that only 5% of homes would be valuable enough to take the mortgage deduction, and that’s before the newly announced cap.

 Also, caps on property taxes aren’t expected to go up for inflation over time. That means that as property taxes rise, it could hurt homeowners even more.

Vives en California? Tu Casa y FEMA.

Vives en California? Tu Casa y FEMA.

By Sandy Flores

California es el estado más poblado de los Estados Unidos, ya que cuenta aproximadamente con más de 39 millones de habitantes   y es el tercer estado más grande en extensión territorial (después de Alaska y Texas).  La geografía de California se caracteriza por tener costas espectaculares, acantilados y playas impresionantes. También posee zonas montañosas, parques naturales que cuentan con las secuoyas más grandes del mundo y zonas desérticas.

No obstante, dado lo impredecible de la naturaleza, es importante tomar medidas para reducir riesgos, proteger tu hogar y mantener a tu familia segura.  Identificar los riesgos más comunes en tu área es lo más importante, para que puedas enfocar tus planes de preparación y las prioridades.  Así como también, un buen momento para revisar tus pólizas de seguro y confirmar la cobertura contra diversos eventos que pudieran ocurrir.

Recuerda que desastres naturales y otros eventos de tiempo severo como inundaciones, granizo, tormentas de invierno, terremoto pueden ocurrir en cualquier lugar por lo que es esencial estar preparados.

Algunas de las medidas básicas que considerar como,

  • Agua:  un galón (3,8 litros) de agua por persona por día durante, al menos, tres días para consumo e higiene.
  • Alimentos: un suministro de alimentos no perecederos para, al menos, tres días.
  • Una radio a pilas o a cuerda, y una radio meteorológica de la Oficina Nacional de Administración Oceánica y Atmosférica (NOAA, por sus siglas en inglés) y pilas de repuesto para ambas.
  • Linterna y pilas de repuesto.
  • Botiquín de primeros auxilios
  • Silbato para pedir ayuda
  • Mascara para polvo para ayudar a filtrar el aire contaminado y una lona plástica y cinta adhesiva para armar un refugio en el lugar.
  • Llave o tenazas para cortar los servicios públicos
  • Abrelatas manual para los alimentos
  • Mapas del lugar.
  • Teléfono celular y cargador, inversores de corriente o cargadores solares.

Para más información visita la dirección de internet:    https://www.ready.gov/es/mantengase-informado

Se estima que la destrucción causada por el huracán Harvey y huracán Irma está costando hasta la fecha entre $ 150 y $ 200 billones, según los reportes.

La Agencia Federal para la Gestión de Emergencias o FEMA es la agencia del Gobierno de los Estados Unidos que da respuesta a huracanes, terremotos, inundaciones y otros desastres naturales.

Según una encuesta realizada por FEMA en 2015,  el 60 por ciento de los estadounidenses no están preparados para estos desastres naturales de cualquier tipo. Y sólo el 39 por ciento tienen un plan de emergencia a pesar de que el 80 por ciento viven en condados que son vulnerables a condiciones climáticas extremas.

FEMA también maneja el Programa Nacional de Seguro contra Inundación que provee a propietarios de vivienda, inquilinos, y dueños de negocios una manera como protegerse financieramente de pérdidas causadas por catástrofes.

Plan de emergencia básico que ofrece FEMA:

  • Mantener un lazo de comunicación con el exterior es importante. Tenga un radio portátil con pilas y con pilas extras a la mano y asegúrate que tu familia sepa donde se guarda el radio.
  • Coloca los números de emergencia (ambulancia, policía, y bomberos) al lado del teléfono. Enséñele a los niños cómo llamar al 911 para obtener ayuda.
  • Enseña aquellos a miembros de familia que sean responsable como apagar los servicios básicos del hogar.
  • Identifica los puntos de encuentro fuera del vecindario para que tu familia pueda reunirse, y asegúrate que todos conozcan esos lugares.
  • Desarrolla un plan de comunicación ante emergencias. Selecciona un amigo o familiar en otro estado o ciudad para que sea el punto de contacto de toda la familia y asegúrate que tu familia tenga el número de esa persona.
  • Planifica y conoce bien las rutas de desalojo en caso de que tengas que abandonar tu vecindario.
  • Incluye también a tus mascotas en su plan por desastre.
  • Invierte en un radio económico de la Administración Nacional Oceánica y Atmosférica, que trasmite los pronósticos del tiempo. Sintonice esta radio en la frecuencia específica para el área en que vives.

Para más información visita:  https://www.fema.gov/es

¿Pensando en Comprar o Vender tu Casa?  Elige a quien verdaderamente conoce el mercado inmobiliario. Soy tu agente de confianza en bienes raíces, y se que trabajando juntos podemos alcanzar más metas.   Sandy Flores, Broker/Realtor 714-963-7462.