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The Agent Resource Center is for the exclusive use of Real Living LIFESTYLES Agents and associates. If you would like access to this extraordinary set of real estate tools, please contact Eileen Schwartz at (760) 803-4663.

Open House Saturday Oct 29th from 12:30 to 4:00 p.m. @ 1975 Andrews Ct, Oceanside 92054

                                                                                                      

Large Rear Yard View From South Portion of Parcel

Related Posts: Activities & Events, Area Information, Buyers, Exclusive Properties Agents, Find A Home, homes for sale, Real Estate News, San Diego

The Interest Rate Impact…It’s Bigger Than You Think!

 

Why is now a good time to buy a home?  The answer may not be exactly what you think!   Sure, home prices are down, making that home you had your eye on a few years ago much more affordable.  Even more significant though is the drop in interest rates.  For months we’ve heard reports that interest rates are “nearing all time lows” but last week, interest rates hit their all time low at a little over 3.75%.

A lot of people I meet and clients I’m working with to help buy a home ask me, “shouldn’t we wait to see if home prices continue to drop?” I also hear, “I’ve heard that we may be in for another housing price dip…shouldn’t we wait?”  My answer: If you want to pay more for your home, wait to see what happens with home prices!  Now this might be opposite of what you expected and it does not mean that I think home prices are going to begin rising dramatically.  It means that home buyers should take advantage of the low interest rates while they last.  They are MORE significant than the price of the home.

Do you know that a $600,000 home will cost you approximately $130,000 more over the life of the loan for every point of interest?  For example, the difference between a 4.25% interest and 5.25% interest rate (both of which are fantastic) will cost you approximately $130,000 amortized!  Sure, we may see home prices go down a bit more, but why risk $130,000 while you wait for the price to drop $10,000 or $20,000?  To break it down further, the same $600,000 home will cost you approximately $362 per month more for every 1% increase in interest rate.  Compare this to the approximate $100 per month savings for every $20,000 in home price reduction.  Bottom line:  If you are waiting for that $600,000 home to drop to $580,000 to save $100 per month, if interest rates rise, you will be paying much more for your home, not less!  Interest rates are sure to begin rising again at some point.  The average interest rate historically is 9%.  We’ve hit the “all time low” already and rates are still great!  Take advantage of it! 

Lisa Herndon is a licensed Realtor proudly serving the San Diego, CA area.  Please visit www.SanDiegoGreatHomes.com for more information and to learn about working with Lisa to help buy or sell your home!

Financial information provided by Mark Robertson with Samuel Scott Financial.  For more information about Samuel Scott Financial, visit http://samuelscottfg.com/mark.htm

 

Related Posts: Agent Services, Area Statistics, Buyers, Financial news, Great Real Estate Deals, Home Loans, Industry Updates, Interest Rates, Market Trends, Mortgage News, San Diego

Open House Saturday 10/1 & Sunday 10/2 from 12:30-4 p.m. @ The Ocean in Solana Beach

 

Located @ 707 Sierra Ave South in Solana Beach CA 92075

Not a foreclosure or Short Sale. Owners want out of Property Management

Extras and Upgrades Include:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related Posts: Activities & Events, Area Information, Buyers, Exclusive Properties Agents, Find A Home, homes for sale, Open Houses, Rancho Bernardo, Real Estate News, San Diego

Panoramic Views in Lovely Eastview

Just Reduced! Serene, Panoramic Views of City Lights, Mountains & Sunsets in lovely “Eastview”~~Most Popular Sapphire Model you’ve been waiting for~~Spacious Master Suite on the First Level~~two BR’s & Loft/Office/BR 4 Upstairs~~Stunning & Inviting, Light & Bright Floor Plan features: Cathedral Ceilings, Spiral Staircase, Sunken Living~~Gourmet Cook Kitchen offers Abundance of Cabinetry, Center Island & Breakfast Nook~~Step out to Large Yard w/Raised, Covered Patio to enjoy  Spectacular Views~~PUD~~Prop. U & BB apply.

Open House on Sunday, May 22nd from 1:00-4:00 PM.

Offered at: $589,900

bellechase

Take a look at the virtual tour: http://www.flashitfirst.com/gallery/17742_Bellechase_Circle_vt1.html

Please Contact:

Mira Bozanich
mira@mirabozanich.com
(858) 449-0590
www.mirasandiegohomes.com

Related Posts: Buyers, Elegant Homes, Find A Home, Great Real Estate Deals, Home Loans, Homeowners, homes for sale, Investment Properties, New Listings, Open Houses, Picture Perfect Productions, Picture Perfect San Diego, Poway, Rancho Bernardo, Real Living, Real Living Lifestyles, San Diego, Schools, Senior Living, Video & Virtual Property Tours

Oaks North Condo in Rancho Bernardo-Open Saturday March 19th!

Lovely community of Oaks North located at 18010 Avenida Alozdra  

Charming townhouse with cathedral ceilings in living room and dining room. Spacious kitchen with lots of counter space and cabinet space, indoor laundry room, and cozy patio opens onto greenbelt . Replaced polybutylene pipes with copper piping in 2006.

 

Avenda Alozdra 1Avenda Alozdra 2

Priced at $334,999

Come take a look at the open house on Saturday March 19th from 1-4!

Five Star Award

Please Contact:

Nancy Canfield
www.nancycanfield.com
(619) 871-9333
ncanf@san.rr.com

Related Posts: Buyers, Condos & Townhomes, Find A Home, Golf, Home Loans, Homeowners, Open Houses, Rancho Bernardo, Senior Living

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