Thursday, January 21, 2016
From the Pacific Union blog:
The national housing market enjoyed a sizable annual improvement in December, with the Bay Area's two major metro areas also flexing their muscles. Read all about it at http://pacunion.us/1mDqLdJ. For more information on this and for all your real estate needs, call FRITZ.
Tuesday, January 12, 2016
From the Pacific Union blog:
The year 2016 is already more than a week old, but it's never too late to adopt a smart set of resolutions to help guide you through the year ahead. Whether you are a home buyer or a seller---or might become one or the other over the course of the year---take a look at Pacific Union's roundup of real estate resolutions for the new year. They're online at http://pacunion.us/1mH6h3G. Contact FRITZ for all your real estate needs.
Wednesday, October 28, 2015
As in other highly walkable and vibrant East Bay neighborhoods, demand for real estate in Oakland's Grand Lake remains intense, driving up home prices and ensuring speedy sales.
Grand Lake enjoys a favorable, central location just north of Interstate 580, a perk for residents who commute via car. Downtown Oakland and the 19th Street BART station are about two miles away and accessible via several bus lines. AC Transit also offers trans-bay service to downtown San Francisco via the B and NL routes, both of which make stops in the neighborhood's heart . . . read more . . . For information about real estate in the Grand lake area and other areas of the East Bay, call FRITZ.
Tuesday, October 6, 2015
Saturday, September 26, 2015
Courtesy the Pacific Union blog:
There are a million and one details in purchasing real estate. If you're in the market for a new home, don't forget to include a home inspection on your list of priorities before you even think of signing a contract. Home inspections are so important that the U.S. Department of Housing and Urban Development recently began instructing lenders to urge all mortgage applicants, at first contract, to hire a licensed home inspector to evaluate desired properties. Read more. . .
For more information on home inspections and all your real estate needs, call FRITZ.
Friday, September 18, 2015
Read more . . .
Thursday, August 27, 2015
Ready to buy a home? Here are the top tips to determine if you are ready.
1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.
2. Develop your home wish list. Then, prioritize the features on your list.
3. Select where you want to live. Compile a list of three or four neighborhoods you'd like to live in, taking into account items such as schools, recreational facilities, area expansion plans and safety.
4. Start saving. Do you have enough money to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don't forget to factor in closing costs. Closing costs---including taxes, attorney's fees and transfer fees---average between 2 and 7 percent of the home price.
5. Get your credit in order. Obtain a copy of your credit report to make sure it is accurate and to correct any errors immediately.
6. Determine your mortgage qualifications. How large of a mortgage do you qualify for? Also, explore different loan options---such as 30 year or 15 year fixed mortgages or ARM's.
7. Get pre-approved. Organize all the documentation a lender will need to pre-approve you for a loan. You might need W-2 forms, copies of at least one pay stub, account numbers and copies of 2-4 months of bank statements.
8. Weigh other sources of help with a down payment. Do you qualify for any special mortgage or down payment assistance programs? Check with your state and local government on down payment assistance programs for first-time buyers. Or, if you have an IRA account, you can use the money to buy your first home without paying a penalty for early withdrawal.
9. Calculate the costs of homeownership. This should include property taxes, insurance, maintenance, utilities and association fees, if applicable.
10. Contact a Realtor. FRITZ would be glad to talk with you and answer all you real estate questions.
Thursday, August 13, 2015
Millennials make up the largest percentage of the U.S. population and recently surpassed Generation X as the biggest portion of the labor force, but the younger generation's credit score could be a factor that's delaying or preventing more of them from entering the housing market. Read more . . .
For more information on this and all your real estate needs, call FRITZ.