California Dreamin’ Realty

11/07/2024

Is one person's treasure another person's junk? Not always!!!

Curb appeal plays a crucial role when selling a home, with messy neighbors potentially causing...

09/18/2024

Fed drops key interest rate by .500% today. We will see an immediate impact on credit card rates and home equity lines of credit, which are tied to the Prime Rate. However, it is still to be see what impact this will have on 30 year fixed rate home loans as this rate cut was anticipated and baked into lower rates over the past couple of months. The debate was whether the Fed would cut the Federal Funds rate by .250% or by .500%. The more aggressive rate cut today should help the bond market and longer-term fixed rates. All eyes on Fed Chairman Powell's remarks this afternoon about the possibility of more rate cuts before the end of the year. If you are thinking about buying a home or possibly refinancing, now is a great time to discuss how much today's news may help. Future economic news could move the markets up or down so let's get you pre-approved and in position to take advantage of this window of opportunity.

This afternoon is the widely anticipated FOMC rate cut. It will be the first cut in four years...

08/30/2024

Mortgage rates have dropped from a high of 7.79% last October to 6.46% today and are expected to continue to drop to around 5.50% by the end of 2025. If you have bought a home in the past year, a window of opportunity is coming! If you are interested in receiving a weekly rate alert to help you time the market properly, DM me.

Refinancing a mortgage means replacing an existing loan with a new one, and there are...

08/20/2024

With property crime on the rise during these challenging economic times, it pays to be prepared and take precautions.

It seems the promise of quiet suburban life can sometimes be broken. In a startling turn of events...

08/14/2024

🏡ATTENTION HOME BUYERS🏡

On August 17th, all buyers currently looking to purchase a home, MUST sign a "Buyer Representation Agreement"- prior to walking into a property.

✅ JUST SHOW ME THE HOUSE!!
Starting August 17th, NO REALTOR will be able to unlock a door without you first signing the agreement 🤯 This will be non-negotiable for any person with a Realtor designation.

✅ Wait…WHAT DO I HAVE TO SIGN??
The agreement between buyer and Realtor is a Buyers Representation Agreement, the contract between you and that realtor stating you will be using them to buy a home and breaking down the roles, duties and responsibilities owed to you by your agent etc. This form also spells out what broker commission are to be paid by you and/or the seller. Whatever commission is on this agreement is the MAXIMUM commission your broker/agent can receive out of the transaction.

✅ I HAVE TO PAY COMMISSION?
Well yes…but actually maybe no… 🤔
With the new NAR ruling going into effect, advertising cooperating broker and buyer broker commissions will now be BANNED on the MLS.

So, now when your agent shows you a home, they may likely not have any idea if they are going to get paid from the transaction. Commissions are always negotiable of course, and there are a number of ways your agent can get paid. By the seller either in the form of direct compensation to Buyer brokerage or as a form of concession/credit to buyer. In some cases, the buyer will be paying the commission for their agent out of pocket and this will be spelled out in the buyer's representation agreement.

✅ HIRE A PROFESSIONAL AGENT
Selecting an agent when buying a home is an important decision.
August 17th is approaching a lot of changes will happen behind-the-scenes. This new rule with a buyer representation agreement is just one facet of the NAR ruling which will change the landscape of how real estate is sold in the United States. 🇱🇷

✅ ALIGNMENT & COMMUNICATION
Now, more so than ever, aligning yourself with a full-time professional realtor will be vitally important for the success of your home purchase.

*Shared from another realtor.. but this explains everything perfectly. Call me if you have questions!

08/11/2024

If you're ready to buy or sell, call me at 559 367-7270. Take advantage of this rate improvement now!

Jessica Lautz, NAR Deputy Chief Economist and Vice President of Research, reacts to mortgage rates reaching their lowest weekly level since May 2023.

06/27/2024

If you're not sure where to start when cleaning up your credit, give me a call for a free credit analysis and access to the tools I have to make it happen.

If you’re a would-be homebuyer waiting for mortgage rates to tick downward, you’re in good company. Rather than...