Lakewood Weekend Update

lakewood open house

21 New listings – lots to see!!!!!  That’s right 19 PRICE REDUCTIONS!!!!!!!!!!

 Have any questions or concerns, please feel free to call me,  562-879-9677

Median Sales Price in Lakewood- $551,000

(Curious to know the value of your home?) Go to: http://www.tiny.cc/u9du9x

86 active listings presently on the market!

 

 28  Open Houses

     19 Price Reductions

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Posted in bellflower ca, cerritos ca, Coldwell Banker, cypress ca, homebuyer, homebuying, homeownership, homeseller, homeselling, lakewood ca, Lakewood Community, lifeinlakewoodrealtor, long beach ca, los alamitos ca, market update, new listings, newsletter, norwalk ca, open house, price reduction, real estate, renter, renting, rossmoor ca, seal beach ca, Uncategorized

Lakewood Weekend Update

lakewood open house

17 New listings – lots to see!!!!!

 Have any questions or concerns, please feel free to call me,  562-879-9677

Median Sales Price in Lakewood- $551,000

(Curious to know the value of your home?) Go to: http://www.tiny.cc/u9du9x

92 active listings presently on the market!

 

 28  Open Houses

     7 Price Reductions

Posted in bellflower ca, cerritos ca, Coldwell Banker, cypress ca, homebuyer, homebuying, homeownership, homeseller, homeselling, lakewood ca, Lakewood Community, lifeinlakewoodrealtor, long beach ca, los alamitos ca, market update, new listings, newsletter, norwalk ca, open house, price reduction, real estate, renter, renting, rossmoor ca, seal beach ca, Uncategorized

Lakewood Weekend Update

lakewood open house

15 New listings – lots to see!!!!!

 Have any questions or concerns, please feel free to call me,  562-879-9677

Median Sales Price in Lakewood- $551,000

(Curious to know the value of your home?) Go to: http://www.tiny.cc/u9du9x

91 active listings presently on the market!

 

 15  Open Houses

     9 Price Reductions

Posted in bellflower ca, cerritos ca, Coldwell Banker, cypress ca, homebuyer, homebuying, homeownership, homeseller, homeselling, lakewood ca, Lakewood Community, lifeinlakewoodrealtor, long beach ca, los alamitos ca, market update, new listings, newsletter, norwalk ca, open house, price reduction, real estate, renter, renting, rossmoor ca, seal beach ca, Uncategorized

Lakewood Weekend Update

open house in lakewood

13 New listings – lots to see!!!!!

 Have any questions or concerns, please feel free to call me,  562-879-9677

Median Sales Price in Lakewood- $551,500

(Curious to know the value of your home?) Go to: http://www.tiny.cc/u9du9x

77 active listings presently on the market!

 

 16  Open Houses

     4 Price Reductions

 

Posted in bellflower ca, cerritos ca, Coldwell Banker, cypress ca, homebuyer, homebuying, homeownership, homeseller, homeselling, lakewood ca, Lakewood Community, lifeinlakewoodrealtor, long beach ca, los alamitos ca, market update, new listings, newsletter, norwalk ca, open house, price reduction, real estate, renter, renting, rossmoor ca, seal beach ca, Uncategorized

Owning vs. Renting

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Homeowner’s Net Worth Is Still Greater Than a Renter’s

 

 

brought to you by THE KCM BLOG

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). 

The latest survey data, covering 2014-2016 will be released later this year. In the meantime, Lawrence Yun, the National Association of Realtors’ Chief Economist estimates that the gap has widened even further, to 45 times greater ($225,000 vs. $5,000)! 

Put Your Housing Cost to Work for You

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth.

The latest National Housing Pulse Survey from NAR reveals that 84% of consumers believe that purchasing a home is a good financial decision. William E. Brown comments:

“Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own. Building equity, wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home. 

Bottom Line

If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, meet with a real estate professional in your area who can guide you through the process.

 

Posted in bellflower ca, cerritos ca, Coldwell Banker, cypress ca, home equity, homebuyer, homebuying, homeownership, lakewood ca, Lakewood Community, lifeinlakewoodrealtor, long beach ca, los alamitos ca, newsletter, norwalk ca, real estate, renter, renting, rossmoor ca, seal beach ca, Uncategorized

Lakewood Weekend Update

open house in lakewood

19 New listings – lots to see!!!!!

 Have any questions or concerns, please feel free to call me,  562-879-9677

Median Sales Price in Lakewood- $554,500

(Curious to know the value of your home?) Go to: http://www.tiny.cc/u9du9x

79 active listings presently on the market!

 

 20  Open Houses

     2 Price Reductions

Posted in Uncategorized

Looking Past Sale Price when Buying a Home

 

buying a home

As a home buyer, you may focus too much on a home’s sale price. Before you begin the home search, make sure to consider other factors such as your own credit.

As a home buyer, you may focus too much on a home’s sale price – whether it meets your budget or even if it’s a lucky number. Before you begin the home search, make sure that you take into account other factors such as your own credit. When you pay off outstanding loans and reduce debt before beginning the process of looking for a new home, you can significantly impact the interest rate you will pay and whether or not you qualify for a loan.

Cost of a Home Beyond the Sale Price

Mortgages themselves commonly involve additional costs you may forget to account for, such as mortgage insurance. Other notable expenses include the property size, location, and condition of the home. These are some of the factors which determine property taxes and maintenance expenses for the upkeep of your home. While a home in good condition may have few repair costs at first, any home is a sufficiently large and complex structure and repairs are inevitable.

Focusing too much on sale price of a home can also lead you to make an unwise decision based on your personal needs. You may become so focused on jumping on a good deal that you overlook whether a home is right for you. If you have a growing family, take into account the need for more space in the near future. In contrast, be aware that a large home for a good price may be larger than you can reasonably use.

Investigation and Closing with Your Real Estate Agent

You may want to have your real estate agent show you homes within your specified price range without telling you each individual property’s list price. This can help you make an unbiased assessment of the home and help you avoid a hasty decision for or against a property simply because of price.

When it comes time to negotiate and close a deal, keep in mind the closing costs and the cost of moving into a new home. These additional expenses might include renting a van, hiring movers, buying new furniture, replacing old items and limited repairs to rooms like the kitchen or bathroom.

Closing costs cover administrative fees, title searches, and in some cases, initial homeowners’ association fees or inspection costs.

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