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Monthly Archives: February 2018

    It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!

    By Danny Cheung | February 28, 2018

    According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone looking to buy a... Read More

    Is Now a Good Time to Rent?

    By Danny Cheung | February 27, 2018

    People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 fourth quarter median rent numbers. Here is a graph showing... Read More

    Latest NAR Data Shows Now Is a Great Time to Sell!

    By Danny Cheung | February 26, 2018

    We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house. Let’s look at the data covered in... Read More

    The Mortgage Process: What You Need to Know

    By Danny Cheung | February 23, 2018

    Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford. Read More

    Mortgage Rates on FIRE! Home Prices Up in Smoke?

    By Danny Cheung | February 22, 2018

    Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have a... Read More

    80% of Renters Believe Homeownership is a Part of Their American Dream

    By Danny Cheung | February 21, 2018

    According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream. The profile went on to state that 50% of millennials believe that their rent will increase, with 20% believing... Read More

    2 Ways to Get the Most Money from The Sale of Your Home

    By Danny Cheung | February 20, 2018

    Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive, but let’s look... Read More

    Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

    By Danny Cheung | February 19, 2018

    Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO.’ The 5 reasons... Read More

    Should I Wait Until Next Year to Buy? Or Buy Now?

    By Danny Cheung | February 16, 2018

    Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by 2019. CoreLogic predicts home prices to appreciate by 4.3% over the next 12... Read More

    Calm Down! The Real Estate Market is NOT Falling Apart

    By Danny Cheung | February 15, 2018

    There has been tremendous volatility in certain markets over the last few weeks (for example, the stock and currency markets). When this happens, some tend to lump all of their investments together and create an almost ‘Armageddon’ scenario where everything loses value quickly and dramatically. Real estate is an investment that can get caught up in... Read More