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Residential Real Estate Archives

How to effectively stage a home

Those looking to sell their homes in California or any other state are encouraged to think like a buyer would when staging their properties for sale. Doing so can help create an emotional attachment between the buyer and the home. That attachment may result in offers that are up to 20% higher than those made for homes that aren't staged or staged well. The first step in the staging process is to clean and get rid of clutter.

Lower interest rates failing to spark home sales

On average, borrowers will pay a fixed interest rate of 3.82% for a 30-year mortgage. Generally, when interest rates are low, home sales are high. However, there has been a curious lack of excitement among borrowers in California and throughout the country. According to the Mortgage Bankers Association, there was a drop in mortgage applications during the first week in June. Furthermore, the National Association of Realtors reported that pending home sales fell in April.

Millennials seek affordable homes

Many California residents in their 20s and 30s would like to buy a home but may run into difficulty due to rising home prices in some areas. While there has long been a maximum real estate suggesting that "location, location, location" is the most important thing when buying a home, the cost of living in some cities is more than many couples and individuals can afford.

What not to do when buying real estate

Real estate investing can be an effective way for an individual to improve their financial stability. However, there are many mistakes that prospective investors will want to avoid when purchasing properties in California or anywhere else. It is important to have a plan of action before deciding to buy a property. Ideally, an investor will do research into the property itself to learn everything that there is to know about owning it.

Home buying myths to stop believing in

There are many myths that home buyers in California and elsewhere may believe to be true. For example, many believe that they need a 20% down payment to buy a home. However, it is possible to get a loan without making a down payment at all depending on what type of mortgage a person uses. Some also believe that they have to buy a home for the maximum amount that a lender allow them to borrow.

What to know about housing market conditions

Buying a home in California can always be quite a challenge. However, it's especially difficult for those who are looking for their first home. It is not uncommon for buyers to discover that homes in their price range are fixer-uppers that may need a lot of work.

Boomerang buyers look to return to homeownership

For people in California and across the country, the last financial crisis was often particularly devastating to their involvement in the real estate market. The financial crisis began with serious problems in the home mortgage market, and many people lost their homes to short sales or foreclosures during that period. However, a growing number of individuals who lost their homes due to the financial crisis are beginning to move again on the path to homeownership.

Why buying in the exurbs may not make sense

California residents who want a balance of affordable housing and proximity to large cities may prefer to live in the exurbs. However, those who are looking to buy properties in the exurbs may want to consider that home prices tend to be more volatile in those areas. This is because they were often the most impacted by the Great Recession, and home prices are only starting to get back to where they were before it occurred.

Dealing with a delinquent mortgage

When a California homeowner has financial problems, they may find it difficult to make mortgage payments. In some cases, a cash-strapped homeowner may decide to sell their home as a way of getting out from under oppressive debt. This option could work; however, there are conditions under which it may not be possible.

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L. Scott Karlin

L. Scott Karlin

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David E. Karlin

David E. Karlin

David E. Karlin is a California attorney with a primary focus on business and real estate, including law and legal issues...

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Michael J. Karlin

Michael J. Karlin

Michael J. Karlin is a Southern California based attorney whose practice primarily focuses on Entertainment Law. Michael began...

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