Tuesday, December 10, 2019

Your Home Here & What A Difference A Year Makes!

A 365 Day Difference in Home Ownership

A 365 Day Difference in Homeownership | MyKCM

Over the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them:
  1. Refinance: If you already own a home, you may want to decide if you’re going to refinance. It’s one way to lock in a lower monthly payment and save substantially over time, but it also means paying upfront closing costs too. You have to answer the question: Should I refinance my home?
  2. Move-up or Downsize: Another option is to consider moving into a new home, putting the equity you’ve likely gained in your current house toward a down payment on a new one that better meets your needs – something that’s truly a perfect fit for your family.
  3. Become a First-Time Homebuyer: There are many financial and non-financial benefits to owning a home, and the most important thing is to first decide when the time is right for you. You have to determine that on your own, but know that now is a great time to buy if you’re considering it. Just take a look at the cost of renting vs. buying

Why 2019 Was a Great Year for Homeownership

Last year at this time, mortgage rates were 4.63% (substantially higher than they are today). If you’re one who waited for a better time to make a move, market conditions have improved significantly. Today’s low mortgage rates combined with increasing wages are making homes much more affordable than they were just one year ago, so it’s a great time to get more for your money and consider a new home.
The chart below shows how much you would save based on today’s rates, compared to what you would have paid if you purchased a house exactly one year ago, depending on how much you finance.A 365 Day Difference in Homeownership | MyKCM

Bottom Line

If you’ve been waiting since last year to make your move into home-ownership, or to find a house that better meets your needs, today’s low mortgage rates may be just what you need to get the process going. Let’s get together to discuss how you can benefit from the current rates and see "Your Home Here"!

Email me for more info @ Lauren@KeepYourWitz.com!
Call/Text me for more info @ (661) 313-5470!

Friday, December 6, 2019

Ready For A Larger Home? I'm Ready to Help!

Is A Bigger House Within Your Budget?

Is A Bigger House Within Your Budget? | MyKCM

At this time of year, many families come together to celebrate the season. It’s also the time when many realize their homes are just not quite big enough to host all of their guests and loved ones. Are you one of those homeowners dreaming for a larger space to call home?

You may have enough equity in your current home to move up.

According to the Q3 2019 U.S. Home Equity & Underwater Report by ATTOM Data Solutions,
“14.4 million residential properties in the United States were considered equity rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.”
This means that one in four of the 54 million mortgaged homes in the U.S. have at least 50% equity. If these homeowners decide to sell, they can use their equity to put toward the purchase of a new home. Maybe you’ll be one of them.
NAR recently released their 2019 Profile of Home Buyers and Sellers showing that,
“This year, home sellers cited that they sold their homes for a median of $60,000 more than they purchased it, up from $55,500 the year prior. This accounted for a 31 percent price gain, up from 29 percent the year before.”
Here’s the equity gain breakdown based on the number of years these sellers lived in their homesIs A Bigger House Within Your Budget? | MyKCM

Bottom Line

If you’re one of the many homeowners with big dreams of owning a larger home, let’s get together. Working with a trusted advisor to find out how much equity you have is a great first step in putting your move-up plan in motion.

Tuesday, December 3, 2019

Really? Yup, Really! National Roof Over Your Head Day!

It’s ‘National Roof Over Your Head’ Day!

It’s ‘National Roof Over Your Head’ Day! | MyKCM

Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd?
As noted on the National Calendar, it was “created as a day to be thankful for what you have, starting with the roof over your head. There are many things that we have that we take for granted and do not stop to appreciate how fortunate we are for having them.”
From bungalows to cottages, and farmhouses to treehouses, today we show our appreciation and gratitude for the places we call home. Owning the roof that shelters us is something many renters still aspire to, knowing there are so many financial and non-financial benefits to homeownership.
According to the 2019 State of the Nation’s Housing from the Joint Center for Housing Studies of Harvard University,
“Cost-burdened renters now outnumber cost-burdened homeowners by more than 3.0 million. In addition, renters make up 10.8 million of the 18.2 million severely burdened households that pay more than half their incomes for housing.”
Homeownership drives many benefits, including providing families with a place to feel secure. It also helps promote confidence that they are investing proactively in themselves and their communities. That is why there are 77.7 million owner-occupied housing units in the United States.
Many, however, fear it is too expensive to own a home. In reality, however, it’s actually more expensive to rent. Here’s the breakdown as a percentage of income necessary for both – affording median rent and owning a home:It’s ‘National Roof Over Your Head’ Day! | MyKCM

Bottom Line

Today we pause to appreciate the places we call home, and all of the other reasons we have to be truly thankful. For those who don’t own yet and would like to, it’s a wonderful time to start identifying the steps to take toward homeownership. Let’s connect today to begin creating your plan.

Tuesday, November 26, 2019

To Buy or To Rent? Wealth Comes With Home Ownership.

The True Cost of Not Owning Your Home

The True Cost of Not Owning Your Home | MyKCM

There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream.
Realtor.com reported that:
“Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option…as people get more savings in their pockets, buying becomes the better option.”

Why is owning a home financially better than renting?

Here are the top 5 financial benefits of homeownership:
  1. Homeownership is a form of forced savings.
  2. Homeownership provides tax savings.
  3. Homeownership allows you to lock in your monthly housing cost.
  4. Buying a home is less expensive than renting.
  5. No other investment lets you live inside of it.
Studies have also shown that a homeowner’s net worth is 44x greater than that of a renter.
A family that purchased a median-priced home at the start of 2019 would build more than
$37,750 in family wealth over the next five years with projected price appreciation alone.
Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment – along with a profit margin!

Bottom Line

Owning a home has many social and financial benefits that cannot be achieved by renting. Let’s connect to determine if buying a home is your best move.

Friday, November 22, 2019

Our Sweet Loving Santa Clarita Valley Home Sales Activity

Inventory is dropping, 15% less this month than last. But, home sales are still strong.

That darn 325-ish sold in 30 days number is still happening!!

Acton, Agua Dulce, Canyon Country, Fair Oaks Ranch, Saugus, Valencia, Newhall, Castiac, & Stevenson Ranch.....all included in my information to you.

Yes, we're not just about houses!
 I'm looking forward to hiking with my eldest son again soon,
 and SCV has tons of beautiful trails!

Oh, wait, back to your homes sales activity....

*We currently have 490 active homes, condos, townhouses, for sale. Last month was 571.

*We currently have 413 in escrow. Last month was 484.

*Closed in the last 30 days? 304. Last month was 322.

We've had a lot of rough days out here in the last couple of months, but it's still a most beautiful place to live. Just ask me, I've been here for almost 3 decades & have been helping people buy & sell homes for almost 2 decades.

Yup, I love SCV!!! #SantaClaritaStrong

Tuesday, November 12, 2019

Ah, The Realtor Life!

I'll admit it, sometimes I just don't want to talk to the other agent. But, I always at least respond when they text/call/email me. Always.

Working with an escrow right now that the buyers agent and/or the buyers have been difficult with communication since the beginning. Some people are just like that, right?

Now, of course now, as Contingencies are due to be removed, the agent is barely responding...if at all.

Yep, that's pretty much what it feels like.

So, what do we do in this instance? You can call the other agents broker, but that's just like tattling. The right thing to do is what's called the Notice to Buyer to Perform. It's actually part of the initial contract. If either party is not performing, doing their contractual obligations, the other party may cancel...but first must provide the Notice to Perform.

I don't like using it, as generally no one really wants to cancel. So, it feels like a false threat & can put a bad taste in a persons mouth for the rest of the transaction. And, the time it takes to actually cancel a contract, it doesn't happen immediately. The other principle has 2 days to respond to the notice and then escrow has to draw up cancellation instructions. AND then, all parties have to sign it. Honestly, by that time the party that was not doing their part has to sign the escrow doc, they actually have done their contractual obligation. But, we do it to remind people they signed a contract and to adhere to it.

I'll likely be having my seller sign one this evening.....since the buyers agent hasn't responded to me for several hours.....not even a courtesy text that she's working on it. Oh, wait....while typing this....she just texted me back!!! And, blamed her clients for not responding. Who knows!


Friday, November 8, 2019

Moving To Another State? How To Find A Great Realtor To Help You?

Um, hello? Ask me!!! 

So, anyone that knows me knows I'm all over Social Media. Facebook, Twitter, Instagram. LinkedIn, Google My Business, Yelp, YouTube, Blogger. I am able to keep in touch with a lot of my peeps, share my listings, educate my followers, AND, meet other Realtors Out....Of.....State!

So, let's say you are considering moving to Oklahoma? Maybe Colorado? Well, most of my clients that have left California, recently Idaho seems to be the big winner!

At any rate, how do you find a good Realtor in the area if you don't know anyone there? Let alone, let's say two of your new city friends have referred a Realtor to you and you're not sure which one to choose?

Aha, little ole me, who's been helping people Buy & Sell homes for almost 2 decades knows the right questions to ask the prospective Realtor in your next home town, so you get the best...well 2nd best since you're leaving me.....agent to help you find your new home and represent you in the way you've become accustomed to.

And, you know what else? Even if I'm not helping you in Kentucky or New Mexico....if I help you interview & hire your agent......that agent will be much more amenable to keeping me in the loop and answering my questions about your home purchase. 

I've got clients right now that are just moving further north. I helped them find a Realtor, she's sorta like me, but ....again...no one is me.....so I've been on the phone, email, text, with their new agent and helping my current clients through any trials they are having because....you know why? Because my clients trust me. Why? Because they know what kind of Real Estate agent I am, and they know they can completely trust me.

Don't trust the choice of a Realtor for one of those big family decisions by looking online. Ask your trusted Realtor, the one you know, to help you. Trust me, I'm happy to do so.