The government thinks that Americans are sorely lacking when it comes to key homebuying information. It’s hard to say whether that’s true of the Costa Mesa homebuying population—but Fannie Mae’s latest study explains some good reasons why it might be.
In Fannie’s recently issued publication, 3,600 respondents were ‘largely unsure’ or just plain wrong about current homebuying realities. This, despite the significance of homebuying as the most important purchase most people make. Homebuying is also such an infrequent transaction most people don’t focus on data when it’s available.
Another contributing factor is “a fundamental lack of financial literacy across the country.”
The majority of those quizzed hadn’t a clue about credit score
It’s summertime and the livin’s easy...or maybe not, if this will be the summer when you’re trying to sell your Costa Mesa home! It’s a fact that summer buyers tend to be well-motivated buyers. Or they may be jamming activity between vacations, backyard BBQ’s and (especially recently) just trying to stay cool. In other words, they also may be distracted buyers. Luckily, there are reliable basics you as a homeowner can help best position your home for a successful summertime sale: 1. Mow the Lawn Twice a Week – everything grows faster in the summer! 2. Create Summer Curb Appeal – colorful flowers in beds and planters. 3. Decorate with Summer Accents – bright accents in tropical colors to evoke coveted vacation days. 4. Bring the Light Inside – It may be bright
Whenever the U.S. economy is booming, there are naysayers who view it as terrible news. It’s not surprising since economists can disagree about just about anything and point to statistics that prove their point.
A recent CNBC report provides a golden example. It’s one that, if you’re inclined to think it’s time to sell your Costa Mesa house anyway, would reinforce that thought. It ran under the gloomy headline “Housing is providing another in a line of troubling signs”—the signs were those “pointing to an economic downturn.”
The report elaborated on a finding that compared home sales statistics from a recent period with those that preceded coming recessions. To the analyst author (Fed economist William Emmons), the result indicated that an
Selling your Costa Mesa house for the best price sometimes involves a certain amount of luck, but it’s the kind of “luck” that’s a lot more likely when you’ve set out the welcome mat for it. In addition to strategic home preparation and a solid marketing push, selling your Costa Mesa house for the best price also has to do with where that price starts out: that is, the asking price.
Once you have a clear idea of the professional opinion of its market value—that is, a price that aligns with the latest comparable sales data for similar Costa Mesa homes—you have three alternative strategies:
You can set an asking price as close as possible to what the comps suggest. After all, it’s reasonable and defensible—and lenders are likely to agree if
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We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, L3 has
Many Costa Mesa homeowners will be planning to list their properties this spring because it’s when future home sales would be expected to peak. Historically, at least, spring is when a sudden crush of prospects usually arrive on the scene. But this year, the upward drift in mortgage interest rates might have would-be sellers worried. After all, it’s common sense that any rise in home loan rates would put a damper on buyers’ enthusiasm.
Sometimes common sense and reality don’t go hand in hand. When we try to estimate the strength of Costa Mesa’s future home sales, it could be a case in point. That’s one way to look at the conclusions drawn by a pair of studies released last week. Both were focused on examining how rising interest rates are
