Gallup Poll: Real Estate is the Best Long Term Investment

The Gallup organization just released their report which asked Americans to choose the best option for long term investment. It was no surprise to us that real estate returned to the top position over other investment categories (gold, stocks/mutual funds, savings accounts/CDs and bonds). 

Back in 2011, gold was the most popular long-term investment among Americans. However, with the housing market improving across the U.S. and home prices rising, more Americans now consider real estate the best option for long-term investments.

Who do you know looking to buy a home, call David!

David Demangos
Keller Williams Realty
Cell: 858.232.8410
Realtor® BRE# 01905183

San Diego Real Estate Area Expert / Green Specialist / ALC Committee
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!

Download The #1 Real Estate Live Home Search App Below
Awesome Home Search App

Over 12,000 Homes Sold Yesterday!

If you read certain headlines, you might be led to believe that the housing recovery has slowed. Naysayers are claiming that rising mortgage rates and a lack of consumer confidence are keeping Americans on the fence when it comes to purchasing real estate. That is actually far from reality.

After all, 12,575 houses sold yesterday, 12,575 will sell today and 12,575 will sell tomorrow. 12,575! That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. According to the report, annualized sales now stand at 4.59 million. Divide that number by 365 (days in a year) and we can see that, on average, over 12,500 homes sell every day. If you are considering whether or not to put your house up for sale, don't let the headlines scare you. There are purchasers in the market and they are buying - to the tune of 12,575 homes a day.

Who do you know looking to buy a home, call David!

David Demangos
Keller Williams Realty
Cell: 858.232.8410
Realtor® BRE# 01905183

San Diego Real Estate Area Expert / Green Specialist / ALC Committee
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!

Download The #1 Real Estate Live Home Search App Below
Awesome Home Search App
 

We are NOT the Only Ones Saying You Should Buy

I have always believed in homeownership. That does not mean I think EVERYONE should run out and buy a house. However, if a person or family is ready, willing and able to purchase a home, I believe that owning is much better than renting. I am not the only one that thinks owning has massive benefits or that now is a sensational time to plunge into owning your own home. Here are a few others:

Benefits of Owning

Joint Center for Housing Studies, Harvard University

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord…Having to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings.”

The Federal Reserve

“Renters have much lower median and mean net worth than homeowners in any survey year.”

Benefits of Buying Now

 Trulia

“Buying costs less than renting in all 100 large U.S. metros… Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally".

Freddie Mac

"One thing seems certain: we are not likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012…Yes, rates are higher than they were a year ago – and certainly higher than two years ago. But if you look at the averages over the last four decades, today's rates remain historically low."

David Demangos
Keller Williams Realty
Cell: 858.232.8410
Realtor® BRE# 01905183

San Diego Real Estate Area Expert / Green Specialist / ALC Committee
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!

Download The #1 Real Estate Live Home Search App Below
Awesome Home Search App

3 Reasons to Sell Your Home This Spring

Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons:

1. Demand is about to skyrocket

Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. We also have a pent-up demand as many buyers pushed off their home search this winter because of extreme weather. Sellers in markets where seasonal weather is never an issue must realize that buyers relocating to their region will increase dramatically this spring as these purchasers finally decide to escape the freezing temperatures of the winters in the north.

These buyers are ready, willing and able to buy…and are in the market right now!

2. There Is Less Competition - For Now

Housing supply always grows from the spring through the early summer. Also, there has been a growing desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future.

The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.

3. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by approximately 4% this year and 8% by the end of 2015. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Freddie Mac projects rates to be 5.1% by this time next year and 5.7% by the fourth quarter of 2015.

Moving up to a new home will be less expensive this spring than later this year or next year, so contact me:

David Demangos
Keller Williams Realty
Cell: 858.232.8410
Realtor® BRE# 01905183

San Diego Real Estate Area Expert / Green Specialist / ALC Committee
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!

Download The #1 Real Estate Live Home Search App Below
Awesome Home Search App

Schedule a call

to talk with David

5 Reasons To Sell Your Home Before Spring

5 REASONS TO SELL YOUR HOME BEFORE SPRING

Many sellers feel that the spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the fall and winter have their own advantages. Here are five reasons to sell now.

1. Only Serious Buyers Are Out

At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers’. The lookers are at the mall or online doing their holiday shopping.

2. Less Competition For Your Home

Housing supply always shrinks dramatically at this time of year. The choices for buyers will be limited. Don’t wait until the spring when all the other potential sellers in your market will put their homes up for sale.

3. The Selling Process Will Be Quicker

One of the biggest challenges of the 2013 housing market has been the length of time it takes from contract to closing. Banks have been inundated with both purchase and refinancing loan requests. Both of these will slow in the winter cutting timelines and the frustration these delays cause both buyers and sellers.

4. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 25% from now to 2018. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with historically low interest rates right now. There is no guarantee rates will remain at these levels.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and decide whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

You already know the answers to the questions we just asked. You have the power to take back control of the situation by pricing your home to guarantee it sells. The time has come for you and your family to move on and start living the life you desire.

To Sell Your Home, Contact:

David Demangos
Keller Williams Realty
Cell:  858.232.8410

David@AwesomeSanDiegoRealEstate.com

www.AwesomeSanDiegoRealEstate.com

San Diego Real Estate Area Expert / Green Specialist / ALC Committee
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!

Download The #1 Real Estate Live Home Search App Below
LiveHomeSearchApp

Schedule a call

to talk with David

5 Indicators Pointing To Advantage of Buying A Home Sooner Than Later

Mortgage interest rates move up and down, sort of like stocks or gas prices. If you're a hopeful home buyer, you may be asking yourself when is the best time to hop onto the "Homebuying Train?"

Here are 5 indicators that point to "buying a home sooner than later":

1st Indicator: The majority of predictions typically point to interest rates rising as the year progresses. Predictions are around 5% or more by last quarter of 2014. Higher Interest Rates = Higher Monthly Mortgage Payments.

2nd Indicator: The prices of homes in many housing markets is on an upward swing. Higher House Prices = a need for a larger Down Payment and Higher Monthly Mortgage Payments.

3rd Indicator: Recent changes have taken place in the Mortgage Industry, most notably the QM or Qualified Mortgage Rules. Those entering Home Buying can do so more certain that they will be able to make their payments in the future.

4th Indicator: Landlords all across the nation are raising rents. Higher Rental Costs = Less Money Saved. The old question remains ... why pay someone else's Mortgage or help them build equity? Remember, whether you rent or whether you buy, you pay for the space you occupy.

5th Indicator: A slightly improved economy, rising home prices, and fewer delinquencies have eased the stress on lenders. The result may be more Mortgage Lenders willing to make mortgages, ultimately making it a bit easier for home buyers to finance.

These indicators should serve as motivation to inquire about the options and possibilities that exist in financing a home purchase. It costs you nothing...ZIPPO to obtain the information and answers you need to make a decision. 

Should you want to buy a home, there is never a better time than NOW to ask those questions. For FREE, you'll find out one of two things ...

• You CAN buy ... and you get started towards fulfilling your Home Buying dream
• You cannot buy ... and you get started towards building your Credit, repairing and polishing your Credit, or saving for a Down Payment ... by following the advice of your Mortgage Lender. 

Again, it's FREE to find out, so why not ask? Either answer gains you valuable info and knowledge. And either answer moves you in a positive direction and closer to what you ultimately want and hope for. I can get you in touch with awesome lenders anywhere in the United States.

Contact:

David Demangos
Keller Williams Realty
Cell:  858.232.8410

David@AwesomeSanDiegoRealEstate.com

www.AwesomeSanDiegoRealEstate.com

San Diego Real Estate Area Expert / Green Specialist / ALC Committee
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!

Download The #1 Real Estate Live Home Search App Below
LiveHomeSearchApp

Schedule a call

to talk with David

10 Deadly Mistakes Home Buyers Can Make

Mistake NO. 1

Choosing a Real Estate Agent who is not committed to forming a strong business relationship with you. Or, hiring a "part-time" agent who only works on the weekends.

HERE’S HOW TO AVOID IT

Making a connection with the right real estate agent is crucial. Choose a professional who is dedicated to serving your needs – before, during and after the sale. Don't leave the largest financial decision you may ever make to chance.

Mistake NO. 2

Presenting an offer on a home without being pre-approved.This will set a buyer up for failure! Press Here to Learn More

HERE’S HOW to AVOID IT

Pre-approval will make your life easier – take the time to talk with a bank or mortgage representative or two so you can compare and feel comfortable. Their specific questions with regard to income, debt and other factors will help you determine the right business model for your investments. It is one of the most important steps in developing a strategy for creating wealth.

Mistake NO. 3

Not knowing the total costs involved.

HERE’S HOW to AVOID IT

Early in the investment process, ask your real estate agent or mortgage representative for an estimate of closing costs. Title insurance and lawyer fees should be considered. Pre-pay responsibilities such as homeowner’s association fees and insurance must also be taken into account. Remember to examine your settlement statement prior to closing.