Purchase Your Home at an Affordable Price this Spring

There are many great Los Angeles and San Fernando Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (818) 491-4580 for a FREE home buying or selling consultation to answer any of your real estate questions.

Is Now a Good Time to Buy?
A client recently asked me whether now was a good time to buy. My answer was fairly simple, and I told this person that now is absolutely a good time to buy. I'm going to briefly list a few reasons why you should consider buying real estate in Porter Ranch.

• From December 2012 to December 2013, property values appreciated by 19.1%. This number comes from the San Fernando Valley, and it is an extremely promising number.

• For this coming year, we are only projecting an 8-11% increase, but those numbers are still very promising.

• One of the other things is that last year at this time interest rates were right around 3.875%, and currently they are sitting at 4.5% with just a little bit of teetering up and down.

• A 1% rise in interest rates on a $400,000 dollar home purchase can cost you upwards of $100,000 dollars on a 30 year term.

So, to answer your question, now is absolutely a good time to buy. Interest is rising and home values are too, so if you want to buy you need to do it soon if you want to do it affordably. If you haven't done so already, you should go ahead and get Pre-approved.

Give me a call and I can set you up with a lender, because even if you cannot buy at this moment it's good to know where you stand financially in the future. These decisions take a lot of planning, so you need to be on the ball.

Call me at (818) 267-7995 or email me at ericdelgado@kw.com

Expert Advice on Selling, Buying, and Moving into Properties

Welcome to my new video blog where I'll be sharing real estate advice with you, as well as going over many other informational topics in relation to the real estate industry.

As of lately, many of my clients have been asking me whether or not they should start looking for an additional property before they sell their own home. There are 2 answers to this question:

1. If you plan on renting your current property, then there is nothing wrong with that as long as you qualify for an additional property. In fact, I think that is a good option.
2. If you're going to use the proceeds from your current home to finance your second one, then you will need to sell your home.

In this case, if you need to sell your home before you purchase your second one, here are a few pointers to help you in that process:

• Get your property listed, marketed, and sold before you go and search for another home.
• Your agent will need to write in contingencies that make the sale of your current property contingent upon the purchase of your next one.
• You will also need to know: what your property will sell for, how long it will take to sell, and what you will end up netting. This is because your buyer may choose not to move forward as a result of inspections or qualifications. You have to protect yourself in the case of this happening.

In short: You need to identify your home's worth, get it marketed, listed, and sold in Escrow. You must also have your buyer remove contingencies relating to appraisals and inspections so that you can end up netting the amount of proceeds that will benefit you in the purchase of your next home.
Sticky situations such as these often require the council of an expert like myself, so if you still don't know what to do with your property, then come to me and I would be glad to assess your situation for you.

As always, I appreciate your support.

Call me for a free consultation at (818) 267-7995 or email me at ericdelgado@kw.com