5 Common First Time Buyer Mistakes to Avoid

5 Common First Time Buyer Mistakes
So, you’re looking to buy your first home. Congratulations! While this may be a very exciting time, it can also be pretty stressful and overwhelming. At the end of the day, you just want to have a home that you love at a price you can afford. But as a first time home buyer, you are more likely to face some challenges that go beyond the ugly wallpaper in the master bathroom. To make sure you are as prepared as possible here are a few of the most common mistakes you should avoid as first time buyers. 1. Not hiring the professionals This may seem like a given, but too many first time buyers fall into the trap of thinking they are saving money by not hiring an agent. In the long run, this will end up costing you. Don't be afraid to do a little research or ask for recommendations from friends and family for a good agent. Or learn more about The Reed Team here. You want to make sure that you find someone who can give you professional advice. You want to have someone with more experie

4 Valuation Methods for Investing in Real Estate

Determining the investment value of your property isn’t the same as valuing a house you plan on living in. Well, then how do you do it? There are a couple of real estate valuation approaches that you can use whenever you calculate the investment value of a property. Below are some of the advantages and disadvantages that each approach has. You need to familiarize yourself with each of these methods so you can easily relate to the many different buyers as well as sellers, and any situation you may be in. You should always keep in mind that there are no right or wrong methods of valuation. When you think about investing in real estate, there are three main parts you have to have in mind; income, financing, and expenses. Here are four valuation methods you can use in the marketplace and their pros and cons. 1 . Price per unit To find the “price per unit,” you have to compare the cost of the property that you then divide by the units. Everything that you have learned abo

Renting vs. Buying a Home – What’s Better For You?

An important step into adulthood is making the decision to leave the nest, but many face a more difficult question: is renting or buying a home better? Buying a home requires a large sum of money to put down a deposit, which some younger adults are not quite ready for. Thus, they jumpstart their independence by renting a home or apartment. On the other hand, some couples who are ready to start a family might want to buy a home so they can have a more long-term place to raise their children. Whether you are looking to venture out on your own or find a more permanent residence, consider these questions before you decide!   Are you financially stable? Buying a home not only requires a hefty down deposit, but also a monthly mortgage that can last for up to 30 years. This means that as an aspiring homeowner, you would need a steady income to keep up with these expenses. Not only that, but lenders will want to make sure that you are responsible and have good credit to your name.

March Mortgage Tips

In the market today, both new and old homeowners face many challenges. Home buyers need to overcome a low housing inventory. This causes more competition against other home buyers and higher prices for the homes that are for sale. However, since January of this year, there has been a steady increase in mortgage rates. They may increase with more months to come. There are also chances that the poisoning of the Federal Reserve will lead to it raising its benchmark fund rates to come March, and this will affect the rising of the mortgage rates as well. But this should not scare you in case you are looking forward to getting a new home because, in this guide, we have your back. We will discuss some of the best tips that can benefit you in navigating the complexities of real estate and the housing market and even find your way to winning your way to the top of this competition. The National Association of Home Builders’ assistant vice president in the forecasting and analysi

How Much Does It Cost to Move?

Not too long ago, millions were spent by different families in buying and wrapping many gifts, queuing on department stores and shopping for online clothes, toys or just anything that they wished to gift themselves or their beloved ones during the holiday season. However, some families were held up wrapping boxes full of utensils, electronic devices and clothes as they waited on real estate agents to close their deals and shopped online for new school for their children. Coming this far has undoubtedly entailed a lot of effort and commitment. After celebrating, the question that should ring in your mind is if you are ready for a mortgage application. There are several mortgage industries out here with good deals, but you should choose the one that is best for you. Another phase that is not as easy as it looks is the moving part. This is when you transfer your items from the previous home to your new home. This practice is costly and requires a lot of arrangement. Is there anyth

Best Dog Friendly Places in South Orange County

If you’re lucky enough to have a furry best friend, you’ll know that dogs are too good for us on this Earth. That’s why one of the hardest things is leaving your dog at home when you go out. Nobody wants to resist those puppy dog eyes, but some places just don’t allow them. The solution to your problems is here! Check out this list of dog friendly places you can take your BFF (best furry friend, of course) and let your pup soak up the South OC fun! Restaurants If you ever find yourself in San Juan Capistrano and don’t want your dog to miss out, bring them to Cafe Mozart! This restaurant specializes in German and Austrian food with an old world European feel. Feel the breeze and enjoy their popular beef stroganoff while chillin’ with your pup as the Europeans do! They’ll even bring doggie treats if your dog is a very very good boy or girl. Whenever you’re in the mood to wine and dine, head down to Rancho Capistrano Winery! This place is Orange County’s largest win

2018 Housing and Mortgage Trends

2018 so far has been a good year as far as housing and mortgages are concerned.  Experts in this field have been very creative, and there are  a lot of trends in housing and mortgage that we should expect. This guide simplifies some of the most expected patterns.   Decelerating of home prices Are you smiling already? If you are a first time home buyer, this could be the best news for you this year. It is expected that there will be a cooldown of home prices that appreciated last year. The average forecast of eight housing and mortgage industries and lender groups is an increase of 4.1% in the existing house prices throughout the nation, as compared to 2016 where it was 6.5% and almost 6% increase in 2017. Acceleration of single-family homes As compared to the previous years, 2016 and 2017, from the view of the economists, real estate professionals and housing and mortgage experts, it is expected to have a rise in the construction of single-family houses because of buil

5 Gyms in Laguna to Help Keep Up With Your Fitness Goals

It’s still the beginning of the new year, which means that there’s no better time than now to keep up with your fitness goals! Sometimes, the hardest part is getting started, but it doesn’t have to be with the right gym, trainers, and environment. The best part is that all of these gyms are located close by in Laguna! 1. Barre3 At Barre3, they want you to be at home in your body, wherever life takes you. And they’ll do this by helping you “discover your inner strength” through their studio and online workouts. These classes contain a mixture of athleticism and grace to help you perfectly balance your body, whether you’re working out for 60 minutes or 10. The isometric hold, the small range movements, and the large dynamic movements are all a part of connecting mindfully, targeting focus areas, and building functional strength. No matter what shape or size you come to the gym in, barre3 is designed for everyone in mind. You’re encouraged to modify the poses and movemen

Debt-Proof Your Credit Cards with These Tips

The thought of credit cards oftentimes makes people get nervous. Getting credit card rewards or the sign-up offers and bonuses can be enticing. The worrying part is getting entangled in debt accumulations and the interests that come with the debt. How about the thought of a solid debt-proofing strategy? If you wish to get credit beyond what you can comfortably afford, then this is what you need. To prepare to debt-proofing your credit, there are three necessary steps you should follow to protect yourself from having your credit card debt and sending the debtor's interest spiraling. Read these steps below. 1.  Starting an emergency/precautionary fund You can face unexpected situations, either twists or turns. Examples include having medical debt, your car being repaired, losing your job or just any other emergency that begs you to get a loan. It is recommended to create an emergency fund to tap into rather than having to rely on the high-interest credit cards to make up for th

When is the Best Time to Buy a Home?

We all know that the best time to buy or sell their house would be spring. However, this is not necessarily true, it's just that spring is real estate’s busiest time of the year. Real estate experts and home building technicians note that the emphasis on spring as the best buying season has its good reasons, nevertheless, there are some common enduring misconceptions that have been made about the real estate market. Many buyers and sellers in real estate should then rethink about the seasons, and consider looking at the best season that will suit their house and area of location. Even though fall and winter are known to offer less inventory, most people who buy homes during this time are serious buyers (buying a house with a purpose). They have a very good reason to relocate. Unlike the spring buyers who might come in large numbers to check out your house, a larger percentage will just be looking. It's better to deal with two serious buyers in winter who will come with their agent