Rise Realty Temecula

01/26/2022

GET READY TO FALL IN LOVE - THIS ONE WILL CHECK ALL YOUR BOXES! Beautiful 1854 sf (per seller) updated POOL HOME with 3 bedrooms, 2 baths with den AND Arizona/sun room on an extra large fenced lot at the end of a cul de sac in the heart of Temecula at the gateway to Wine Country. Upon entering through the front gate, a palm studded private oasis awaits you offering a sparkling pool and spa (pool pump replaced in 2020) along with plenty of patio space for furniture and entertaining. With no rear neighbors, there's nothing obstructing your view of the hills, trees and neighborhood from the backyard.

Once inside, cool tile floors and soaring ceilings greet you in the living room and a wall of windows illuminates the charmingly updated kitchen and breakfast area that feature stone counter tops and backsplash and wonderful Mission style cabinets with glass front uppers. The living room is right off the main entrance and boasts an updated fireplace with stone surround and high cathedral ceilings and a wall of windows overlooking the backyard. Dining room has been converted to an office with built in desks. Also downstairs you will find two bedrooms with built ins and a converted bedroom that is currently being used as a den/family room and opens onto the 330 sf permitted Arizona/sun room with beautiful LVP flooring and windows that provide expansive views of the pool and backyard.

There is an updated bath with walk in shower featuring stone tile and glass tile inserts and a large sink and vanity downstairs. Ascend the staircase to the heavenly owner's suite that occupies the entire 2nd floor! The large bedroom features high ceilings and a generous wall of closets. The owner's bath is also upgraded and includes a double vanity with stone counter tops, designer mirrors and ceiling height windows that flood the space with natural light. Separate tub/shower and water closet and LVP flooring in the bedroom and bath. Double height baseboards and elegant crown molding throughout

Home for sale at 31760 Corte Tortosa Temecula, CA 92592, with MLS SW21269803.

01/14/2022

Many of my clients think they have to put 20% down in order to buy there dream home. Watch the video below for our 3% down options and reach out to me with any questions.

Darren Samarel
Rise Realty
Cell: 619-384-7605
DRE #02075390

01/10/2022

Below is market status for both Temecula & Murrieta as of 1/10/2022. Reach out to me with any questions or for more information.

Darren Samarel
Rise Realty
Cell: 619-384-7605
Email: [email protected]
DRE #02075390

01/07/2022

It is easy to become overwhelmed when you enter the home buying market. Friends, family, colleagues, and even acquaintances will give you their opinions if you are a first time home buyer. While most of them are looking out for your best interest, they are not fully aware of what is happening in the housing market.

It is important for you to be prepared and have your own questions ready. No matter what other opinions you are getting, you are the one buying the home and your comfort level will help make your final decision. Here are three important questions to ask before you purchase a home.

1. Why am I Buying a Home?

Regardless of the finances, it is important to think about what made you want to buy a home in the first place. Usually the reasons don’t have to do with money. Instead, home buyers are focused on how the house will impact their family in the future. A study done by the Joint Center for House Studies at Harvard found there are four reasons people buy a home. Those reasons include schools for your children, a safe environment, more room for your family to grow, and control of your own space.

These factors are the most common reasons people look to buy a new home. When you ask yourself why you are looking to purchase a home, do any of those factors come up? Spend time with your spouse or family members who are involved in this decision and determine why you want a home in the first place. Creating this list will help when searching for a home and can help your real estate agent find the best home for your needs.

2. What is the Trend with Home Values?

Our current economy and housing market is strong. That means home values and mortgage rates are increasing. If you are looking to purchase a home but want to stay within a budget, it may be in your best interest to move quickly. It is forecasted for these trends to continue in an upward motion, causing home values to continue to increase.

3. What About Current Mortgage Rates?

The ticket price is not the only thing you should be concerned with when purchasing a home. Mortgage rates are always changing and can have a huge impact on your monthly payments. Current trends show mortgage rates are rising. This is something to consider if you are debating the right time to purchase a home, since the rates may be even higher down the road.

Bottom Line

You and your family are the only ones who can determine the right time to purchase your dream home. It is important to decide exactly why you want a new home for your family and decide on a budget that will be comfortable moving forward. This budget may affect the amount of time you have to search for a home, since home prices and mortgage rates are increasing.

Reach out to me anytime for more information.

Darren Samarel
Rise Realty
Cell: 619-384-7605
Email: [email protected]
DRE #02075390

01/06/2022

There has been some discussion recently on home prices in relation to mortgage rates. Some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it makes the most sense for the price of the house to drop when interest rates are rising, but this is not always the case.

This theory of home prices decreasing is typically discussed by future home buyers. As a buyer you would like to think if you are paying higher rates on your mortgage, you should be able to see a decrease in cost somewhere else. Unfortunately, these rates are rising because the economy is in better shape. As the economy succeeds, incomes rise, rates go up, as well as the price of the home.

A recent study by the John Burns Real Estate Consulting found mortgage rates have very little impact on the cost of the home. The housing market and price increases are affected by things like job growth in the area and rising wages. Coincidentally, these same factors are causing the rise in the mortgage rates since people can afford to take out more.

Bottom Line

As the economy progresses and strengthens, mortgage rates and home prices will fluctuate. It is a misconception as rates increase, home prices will decrease. Advances in the economy have shown that rates and home prices are more likely to increase together.

01/05/2022

10% Down is the New 20% Down! MI Buster from UWM eliminates the need for mortgage insurance on purchases for qualified borrowers with a loan to value between 80.01 – 89.99%. This product allows more borrowers to avoid mortgage insurance with less money down (as little as 10.01%) and those savings can mean the ability to afford more home and/or a lower monthly payment.

MI Buster is a great option for borrowers looking to purchase a primary or second home of $200,000 or more, including first-time home buyers! Plus, with MI Buster High Balance, it’s also available on loans over conforming county loan limit amounts.
Reach out to me for more info.

Darren Samarel
Rise Realty
Cell: 619-384-7605
DRE #02075390

01/04/2022

Why You Should Consider Selling in the Winter

The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities.

Selling in the winter can give you a few advantages. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking no matter the time of year. Keeping your house on the market in the winter might bring the right buyer to your door. Real estate agents also tend to be less busy during these months and commit more time to getting your home sold.

Studies have shown winter buyers are buying because they need to move right away either for a relocation or personal situation. They will want to close quickly and allow for a much smoother sale.

Bottom Line

If you need to sell your home right away, or have some time but want to see what is out there, consider listing in the winter. Most homeowners who are going to sell will list their home in the spring, making for a competitive market. The winter allows buyers who are in a hurry to move consider your home and sell for more money than you would have in the spring. Reach out for more info.

Darren Samarel
Rise Realty
Cell: 619-384-7605
DRE #02075390

01/03/2022

Definitely still a Seller's Market in Temecula. Click the link below for the most up to date look at housing prices and market trends in Temecula.
Feel free to contact me with any questions that you have or information that you need.

Darren Samarel
Rise Realty
Cell: 619-384-7605
DRE # 02075390

The most up-to-date look at housing prices and market trends.

01/03/2022

"Is buying a home on your to-do list for this year? If so, it may be time to start addressing your credit score. While it’s possible to qualify for a mortgage with scores as low as the 500s, higher scores will yield you more options and better rates, which means greater affordability and more buying power."

Check out this article for some ways to help your credit score.

Is buying a home on your to-do list for this year? If so, it may be time to start addressing your credit score. While it’s possible to qualify for a mortgage with scores as low as the 500s, higher scores will yield you more options and better rates, which means greater affordability and more buyin...

01/02/2022

Temecula stats for the end of 2021. How will 2022 shape up? Houses are still moving fast with a ton of offers on each property. If you are looking to sell during this hot market, reach out to me to discuss what your property is worth.

Darren Samarel
Rise Realty
Cell: 619-384-7605
DRE #02075390

12/31/2021

Many people believe that they need to wait until they save 20% for a down payment to purchase a home to avoid mortgage insurance. Today you can purchase a home with as little as 10% down and avoid the mortgage insurance due to innovative programs. Below are some tips.

Darren Samarel
Rise Realty
Cell: 619-384-7605
DRE #02075390