Debra Sendejo Realtor

06/27/2023

If buying your first home in today’s market feels like a challenge, know there are a number of resources available. If you qualify, there are programs that could help you reach your goal by offering down payment assistance and more. DM me today if you have questions about the homebuying process or how to prepare as a first-time buyer.

06/26/2023

If you’ve put your plans on hold hoping home prices will fall more, you should know: the worst home price declines are already behind us. Let’s connect if you’re ready to move to get the process started.

06/25/2023

Equity is the difference between the market value of your home and how much you owe on your mortgage. Your equity gets a boost when home prices appreciate. Today, 85% of sellers couldn’t be happier with how much equity they have. DM me to learn more about your home’s equity and how it can be leveraged in your next move.

06/24/2023

When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point.

>>The Current Mortgage Rate on Existing Mortgages

First, let’s look at the current rate on existing mortgages. According to the FHFA, as of the fourth quarter of last year, over 80% of existing mortgages have a rate below 5%. That’s significant. And, to take that one step further, over 50% of mortgages have a rate below 4%. Here's why this gives the housing market such a solid foundation today. Having so many homeowners with such low mortgage rates helps us avoid a crisis with a flood of foreclosures coming to market like there was back in 2008.

>>The Amount of Homeowner Equity

Second, Americans are sitting on tremendous equity right now. According to the Census and ATTOM, roughly two-thirds (around 68%) of homeowners have either paid off their mortgage or have at least 50% equity. In the industry, the term for this is equity rich. This is significant because if you think back to 2008, some people had to make the difficult decision to walk away from their homes because they owed more on the home than it was worth.

But this time, things are different because homeowners have built up so much equity over the past few years alone. And, when homeowners have that much equity, it helps us avoid another wave of distressed properties coming onto the market like we saw during the crash. It also creates an extremely strong foundation for today’s housing market.

When you look at the numbers today, the one thing that stands out is the strength of this housing market.

06/23/2023

Do all those confusing headlines about the housing market leave you with more questions than answers? Let’s connect so you can get your free guides and the knowledge you deserve.

06/22/2023

Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too.

And when inflation has made most things significantly more expensive, saving money where you can has a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration.

When you think about cutting down on your spending, odds are you think of frequent purchases, like groceries and other goods. But when you downsize your house, you often end up downsizing the bills that come with it, like your mortgage payment, energy costs, and maintenance requirements.

If you’re thinking about downsizing, ask yourself these questions:

>>Do the original reasons I bought my current house still stand, or have my needs changed since then?
>>Do I really need and want the space I have right now, or could somewhere smaller be a better fit?
>>What are my housing expenses right now, and how much do I want to try to save by downsizing?

Once you know the answers to these questions, DM me to get an answer to this one: What are my options in the market right now? I can walk you through how much equity you have in your house and how it positions you to win when you downsize.

Downsizing has long been a popular option when homeowners reach retirement age.

06/21/2023

The process of buying a home can feel a bit intimidating, even under normal circumstances. Here are just a few of the ways a real estate expert makes a big difference:

>>Experience
>>Education
>>Negotiations
>>Contracts
>>Pricing

All of these reasons combined may be why 86% of recent buyers used an agent according to the latest from NAR. NAR also has this to say about why an agent is so essential today: “A great real estate agent will guide you through the home search with an unbiased eye, helping you meet your buying objectives while staying within your budget. Agents are also a great source when you have questions about local amenities, utilities, zoning rules, contractors, and more.”

What’s the Key To Choosing the Right Expert?

It starts with trust. You’ll want to know you can trust the advice they’re giving you, so you need to make sure you’re connected with a true professional. No one can provide perfect advice because it’s impossible to know exactly what’s going to happen at every turn – especially in today’s market. But a true professional can give you the best possible advice based on the information and situation at hand.

They’ll help advocate for you throughout the process and coach you on the essential knowledge you need to make confident decisions. That’s exactly what you want and deserve.

It’s critical to have an expert on your side who is skilled in navigating today’s housing market. If you’re planning to buy home this year, DM me so you have a real estate advisor on your side to give you the best advice and guide you along the way.

The process of buying a home can feel a bit intimidating, even under normal circumstances.

06/20/2023

Make sure you’re in the best position when you get to the closing table. Let’s connect so you can learn more about the homebuying process.

06/19/2023

If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. Over time, homeownership allows you to build equity. On average, nationwide home prices appreciated by 290.2% over the last 32 years. That means your net worth can grow significantly in the long-term when you own a home. DM me so you can start your homebuying journey today.

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If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.

02/21/2023

02/21/2023

To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the marke...

10/03/2022