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eXp Realty CalDRE# 01878277 Blog

Saturday, February 14, 2015   /   by Travis Armstrong

New York Times: Homeownership is Best Way To Build Wealth

The New York Times recently published an editorial entitled, “Homeownership and Wealth Creation.” The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment.
The article explains:

“Homeownership long has been central to Americans’ ability to amass wealth; even with the substantial decline in wealth after the housing bust, the net worth of homeowners over time has significantly outpaced that of renters, who tend as a group to accumulate little if any wealth.”

Many of the points that were made in the article are on track with the research that the Federal Reserve has also conducted in their Survey of Consumer Finances.
The study found that the average net worth of a homeowner ($194,500) is 36x greater than that of a renter ($5,400).
One reason for this large discrepancy in net worth is the concept of ‘forced savings’ created by havi! ...

Monday, February 2, 2015   /   by Eva Lin


Here is a great article by Dian Hymer, a nationally syndicated real estate columnist and author 
Sellers are inclined to go with the highest-priced offer when they receive more than one. But, price is only one factor to consider. An offer with a lower purchase price but a large down payment and a quicker close could be best. The terms of a purchase offer can make or break a deal, particularly given today's stringent mortgage qualification requirements. Buyers with large cash down payments usually have an easier time qualifying for a mortgage than do low-cash-down buyers. However, today even large-cash-down buyers need to qualify.
Unlike in 2006, lenders now require verification of employment, a great credit record, and one or two acceptable property appraisals. A large cash down payment can salvage a transaction that might otherwise fall apart if the property appraises for less than the purchase price. If the lender is willing to loan the buyer up to 80 percent of the appraised. ...

Monday, January 12, 2015   /   by Eva Lin

Small, Exterior Home Improvements Offer the Best Value Investments in 2015

This is a great article published on Realtor® by Maggie Kasperski

WASHINGTON (January 12, 2015) – Homeowners often consider various remodeling and replacement projects as a way to add value to their homes. Some projects add more value and better recoup their costs than others, according to Realtors® who rated small and exterior projects as the most valuable home improvement projects in the 2015 Remodeling Cost vs. Value Report. Compiled annually in collaboration with Hanley Wood's Remodeling Magazine, the report compares changes in home improvement project costs with Realtors®’ perceptions of what those projects contribute to a home’s price at resale.“It can be a daunting task to even decide on what home improvement projects to undertake, let alone to physically tackle and complete them,” said National Association of Realtors® President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark. “Realtor; ...

Monday, December 22, 2014   /   by Eva Lin

How to Avoid the Top Five Regrets When Buying a Home Before It's too Late!

This is a great article by Tara-Nicholle Nelson
"In life, and in real estate, there are decisions that, if we had them to do over again, we might do x, y, or z differently. But all in all, we are not too upset about how things turned out. Then there are the decisions and actions we actively regret, worrying over their long-term consequences, wishing we could have a cosmic do-over, stewing and ruminating over what we did wrong. Contrary to popular belief, the vast majority of home buyers commit what they see as the first type of mistakes, but not those deep, dark regrets. However, those that do have serious regrets can lose many hours of sleep and many thousands of dollars trying to remedy them. Their only gain? Experience and gray hairs.
Here are the top five true, deep regrets of home buyers and some insights for how to prevent them from taking over your own life:
1. Premature buying. This is not at all about timing the market or making sure you get in at the "just-rig; ...

Tuesday, December 16, 2014   /   by Eva Lin

Common Mistakes HOME BUYERS Make and How You can Avoid Them!

Please check out this great article by: Jill Hamilton"Buying a new home is an exciting and sometimes demanding process. The heightened emotions and the high stakes make it extra important to find a home that fits your family financially and “feels right.” Knowing some of the most common mistakes home buyers make will put you in a better position to make the best choice. Here are some things to avoid.
--Being too in love with a house. Yes, you should love a house, but stay realistic. Don't get so smitten that you ignore your budget and overbid or refuse to accept major defects or problems with a house.
--Ignoring your instincts. If a house doesn't feel right, it probably never will. Instead of wasting time wavering over a not-quite-right house, just move on.
--Failing to research beyond the house itself. Don't forget to research the neighborhood, the quality of the local schools, and think about how commutes might work. Visit the house and neighborhood at different tim; ...
eXp Realty CalDRE# 01878277
Eva Lin
2603 Camino Ramon Ste. 200
San Ramon, CA 94583
DRE# 01817694

Based on information from California Regional Multiple Listing Service, Inc. as of June 23, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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