Duarte/Downey Real Estate Agency, Inc



Posted by Duarte/Downey Real Estate Agency, Inc on 6/9/2019

We get it. Buying a house, whether it's your first house or your third, is a big deal. You want to find the best deal for yourself while getting the home you’ve been dreaming about, and you want to live a happy life in the house for years to come. Deciding on which home to purchase can come with a lot of questions and self-doubt. Is the neighborhood as great as it seems? Will I have good neighbors? What if my circumstances change, will I be able to maintain my mortgage payments? If I wait longer will a better property come on the market? How do I know I'm making the right decision?

So many questions can paralyze you from pulling the trigger on your home purchase. We’re here to help you understand buyer’s remorse and how to make the best home purchase without detrimentally second guessing yourself throughout the buying process. So, what do you need to know?

Asking "What-if?" is entirely natural. Consumers question our purchasing decisions all the time. It doesn't matter if it's a new car, new home appliance, even a pair of shoes or a new accessory. People work hard for their incomes and want to get the best goods and services possible with their means. It's only natural that they want to ensure they make the best decision when it comes to significant investments like a home. You aren't any different, and that's completely natural. Recognizing and accepting the fear of buyer’s remorse can help you differentiate between good questioning and over-questioning your home purchase.

Holding out for something better. Worrying that a better home will come along down the road and that you've made your buying decision too hastily can put your investment goals on hold indefinitely. To keep yourself from falling into this agonizing trap work with your real estate agent to write down a complete list of everything you want in a home and order your list by priority. Keep your list with you and review it when you're viewing homes with your agent. When you think you've found the right place you might find that worry start to creep up, consult your list again, revisit the home and make your decision with certainty.

Avoiding Buyer’s remorse:

  • Make sure you find the right real estate agent. If you don’t have confidence in your agent, you’ll start to question their recommendations and your own decision making. Your agent should offer you guidance throughout the entire home buying process. They should be able to answer your questions thoroughly and take care to give you good advice. A good property agent will take the time to review your desires thoroughly and will only present you with homes that they know fit your list of requirements. Most importantly, you should feel completely comfortable with your agent, be able to call with questions when you have any concerns and feel that they are genuinely listening to you.
  • Don't take too much stock in advice from friends or family. You're enthusiastic about the prospect of buying a home, and you'll be tempted to show those close to your different houses you're considering. While you should feel free to do this, be wary of the feedback you might get. The best home for you might not match someone else's idea, and their opinion of your home selection, mortgage agreement or neighborhood choice shouldn't make you question your decision. If you're working with a good agent and consulting your financial advisor, you are in the best possible hands to make the right choice. Stick with your trusted professionals and be confident in your purchase.

Once you’ve selected a home, don’t keep shopping. Continuing to visit new open houses after you’re in the escrow process will only lead you to question your purchase. Believe in yourself, trust your professional guidance and follow through on the home you know to be right for you.





Posted by Duarte/Downey Real Estate Agency, Inc on 4/28/2019

The amount of money you will need to ensure you can purchase a house varies based on a number of factors. For example, if you want to purchase a house in a big city, you may need to save more money than you likely would require to buy a residence in a small town. Meanwhile, your decision to choose a fixed-rate mortgage over an adjustable-rate mortgage – or vice-versa – can impact your monthly housing costs. And let's not forget about the costs of home utilities like electricity and water, either.

Ultimately, it helps to put together a homebuying budget before you embark on a house search. Because if you know how much money you have at your disposal, you can map out your house search accordingly. And as a result, you can minimize the risk of spending too much to acquire your dream residence.

Let's now take a look at three tips to help you craft an effective homebuying budget.

1. Evaluate Your Current Expenses

An in-depth assessment of your current monthly expenses is key. If you conduct an expense evaluation, you can find out how much you spend on various must-haves and wants. You then can take steps to reduce your monthly expenses and increase your savings for a new home.

It also never hurts to consult with a financial planner. If you have a financial planner at your side, you can gain expert insights to help you evaluate your current expenses. Plus, you can work with a financial planner to determine the best course of action so you can eventually buy your dream residence.

2. Get Pre-Approved for a Mortgage

Meet with a variety of banks and credit unions and explore your mortgage options – you will be happy you did. If you assess your mortgage options closely, you can find one that complements your finances. And once you get pre-approved for a mortgage, you will know how much you can spend on a house.

Generally, it is beneficial to meet with as many banks and credit unions as you can. If you consult with myriad lenders, you can receive extensive insights into many mortgage options. Best of all, you will be better equipped than ever before to find the lowest-possible interest rate on a mortgage.

3. Consider Your Down Payment Options

The down payment required for a home purchase varies, but it commonly ranges between 5 percent and 20 percent of a house's total price. If you account for a down payment as you craft a homebuying budget, you can use this total to plan ahead for the property buying journey.

Lastly, you may want to collaborate with a real estate agent as you prepare to launch a home search. In addition to helping you find your dream residence, a real estate agent can put you in touch with potential lenders and offer plenty of guidance throughout the property buying journey.

Ready to pursue a home? Use the aforementioned tips, and you create a successful homebuying budget.




Categories: Uncategorized  


Posted by Duarte/Downey Real Estate Agency, Inc on 3/17/2019

Want to own a house? Enter the real estate market today, and you can take the first step to make your homeownership dream come true.

Ultimately, there are many reasons to launch a home search sooner rather than later, and these include:

1. You can search for houses in cities and towns across the United States.

There is no shortage of top-notch homes available in cities and towns nationwide. Regardless of whether you want to live in a small town or a big city, you should have no trouble discovering a great residence at a price that you can afford.

Of course, it often helps to establish homebuying criteria prior to starting a home search. With homebuying criteria in hand, you can accelerate the homebuying journey and find your ideal residence faster than ever before.

2. Many home financing options are available.

Although you've always dreamed of owning a home, money might have been a problem. Lucky for you, banks and credit unions offer many home financing options to make it easy for anyone to purchase a residence.

Lenders are happy to meet with you, explain different mortgage options and respond to your mortgage concerns and questions. Then, once you review all of your mortgage options, you can make an informed home financing decision.

Also, it may be beneficial to get pre-approved for a mortgage. If you receive pre-approval for a mortgage, you'll know exactly how much you can spend on a house before you start a home search. Plus, you can tailor your home search based on your budget and speed up your quest to acquire your ideal home.

3. You can receive expert help throughout the homebuying journey.

One of the biggest challenges for a homebuyer is figuring out exactly what to do at each stage of the property buying journey. Fortunately, if you hire a real estate agent, you can receive comprehensive assistance as you go from homebuyer to homeowner.

A real estate agent understands the challenges associated with buying a house. As such, he or she will do everything possible to identify and address these challenges before they escalate.

Typically, a real estate agent will learn about you and your homebuying goals. He or she next will teach you about the local housing market and help you craft a homebuying strategy. And when you're ready, you and your real estate agent can work together to find your dream house.

After you discover your dream residence, your real estate agent will help you put together a competitive offer to purchase this house. If the offer is accepted, your real estate agent will help you navigate the final steps of the homebuying journey. Best of all, if you ever have homebuying concerns or questions, your real estate agent will respond to them immediately.

Take the guesswork out of finding and buying your ideal residence – reach out to a real estate agent today, and you can begin your quest to find your dream house.




Categories: Uncategorized  


Posted by Duarte/Downey Real Estate Agency, Inc on 2/17/2019

If you're on the lookout for your dream house, it helps to be persistent. In fact, there are many reasons to take a persistent approach to the real estate market, and these include:

1. You can pounce on the opportunity to acquire your ideal residence.

A persistent homebuyer should have no trouble finding lots of homes that match or exceed his or her expectations. Then, this buyer can take the necessary steps to submit an offer on his or her dream house and finalize a home purchase.

As a persistent homebuyer, it is essential to submit a competitive offer on any residence that you want to acquire. By providing a competitive offer, you can increase the likelihood of receiving an immediate "Yes" from a seller.

2. You can stay ahead of the competition.

When it comes to buying the best house at the lowest price, the early bird catches the worm. Thus, a persistent homebuyer may be better equipped than others to find and purchase his or her dream residence as soon as this house becomes available.

To stay ahead of the homebuying competition, it helps to assess the real estate sector closely. This will enable a homebuyer to identify his or her dream house in no time at all.

Furthermore, a homebuyer should create a checklist of dream home wants and must-haves. This list will allow a homebuyer to narrow his or her home search, making it easier than ever before to discover a great house.

3. You can boost the likelihood of a seamless homebuying experience.

No one should be forced to deal with a long, arduous homebuying experience. Fortunately, a persistent homebuyer can act quickly on available houses, ensuring this buyer can accelerate the homebuying journey.

For a persistent homebuyer, it often is a good idea to get extra help from a housing market professional as well. Thankfully, real estate agents are available who can provide comprehensive support to persistent homebuyers in any city or town.

A real estate agent understands the ins and outs of purchasing a house in a buyer's or seller's market and is happy to share his or her industry expertise with a homebuyer. By doing so, a real estate agent can provide valuable insights to help a homebuyer accomplish his or her goals.

In addition, a real estate agent offers plenty of support at each stage of the homebuying journey. He or she will learn about your homebuying aspirations, set up home showings and keep you up to date about new residences that become available. Plus, once you find your dream house, a real estate agent will help you submit a competitive offer right away.

If you want to pursue your dream house, it may be beneficial to take a persistent approach to the housing market. With the aforementioned tips, you can enter the real estate market as a persistent homebuyer who knows exactly what he or she wants to find. Take advantage of these homebuying tips, and you can move closer to acquiring your ideal house.




Categories: Uncategorized  


Posted by Duarte/Downey Real Estate Agency, Inc on 12/2/2018

If you intend to purchase a house soon, it helps to prepare for the home buying journey. In fact, if you identify potential issues before you start your quest to find your dream home, you could avoid them during your property search.

Now, let's take a look at three common issues that plague homebuyers, along with tips to address these problems.

1. Lack of Home Financing

In some instances, a homebuyer will check out residences and find one that matches their expectations. Next, this buyer will submit an offer to purchase a home that ultimately gets accepted. At this point, however, the buyer may discover that they lack the necessary financing to acquire this home.

Entering the housing market with financing in hand is ideal. If a buyer gets pre-approved for a mortgage, they will know precisely how much money is available for a home purchase. As a result, this buyer can map out their home search accordingly.

To get pre-approved for a mortgage, it helps to meet with a variety of banks and credit unions. These financial institutions can teach a homebuyer about his or her mortgage options. Plus, they can help you make an informed mortgage selection.

2. Tight Home-buying Timeline

If you have only a limited amount of time to move from your current address, you may rush to purchase a house. In this scenario, you risk making a rash home purchase – something that may prove to be problematic both now and in the future.

For buyers who face a tight home-buying timeline, there is no need to stress. If you make a list of home-buying tasks you need to accomplish, you can take a step-by-step approach to the property buying journey.

3. Unrealistic Home-buying Expectations

You may expect to buy your dream residence without delay. Yet the real estate market offers no guarantees. And in certain instances, it may take many weeks or months before a buyer finds a house that they want to purchase.

To establish realistic home-buying expectations, it usually is a good idea to work with a property buying expert. Lucky for you, real estate agents are available in cities and towns nationwide, and they can provide home-buying insights that you may struggle to obtain elsewhere.

A real estate agent is committed to a homebuyer's success. As such, he or she will work with a homebuyer and help them prepare for the housing market. A real estate agent will also set up home showings and provide feedback about available residences in a buyer's preferred cities and towns. And if a buyer finds a house that they want to purchase, a real estate agent will help this individual put together a competitive home-buying proposal, too.

When it comes to purchasing a home, you should plan for the best - and worst-case scenarios. If you consider the aforementioned home-buying issues before you begin your house search, you can boost the likelihood of enjoying a successful property buying experience.




Categories: Uncategorized