Should I Sell Now?

adobestock 136458456The pandemic has put the world on pause. Should you put your real estate plans on pause, too? This article reaches a sizable online audience, so there’s not just one answer to this question. In direct conversation with you—one-on-one—this question could be answered with specific reference to your location, property, finances, and desired outcomes, but there would still not only be one answer to this question. Real estate, by its nature and its tremendous location-driven diversity, makes that question open-ended, with many possible answers:

• Each option has many perspectives.
• Each property is unique.
• The reasons homeowners love, or are ready to leave, their real estate are unique, too.

The greatest challenge can be uncovering and understanding the full range of options open to homeowners, not just during these bizarre times, but in any market—before making the decision to sell or not.

The seemingly-simple “sell or not” question can only be answered after tackling a series of other questions. Even without the pandemic, making the decision to sell your home is complex and usually involves significant emotional elements:

Read more: Should I Sell Now?

  • Created on .

5 Necessary Steps to Flipping a House

blog dynamic 02 800Thanks to the popular reality TV shows that feature house flippers who make nearly $50,000 in just a few weeks, house flipping has become more and more popular. There’s nothing wrong with the profession--it’s lucrative, honest, and helps a lot of people find their dream homes (since you’ve helped to fix it up for them). The only problem is that you have to be able to do the job right. You can’t go into it expected to paint the walls and sell the home for a million dollars. House flipping can take a lot of research and hard work. To help, here’s what you need to know in order to flip a house in 5 main steps.

1. Research the Real Estate Market

Read more: 5 Necessary Steps to Flipping a House

  • Created on .

Should You Buy a Home If a Recession Is Imminent?

business sidebar news 05Between the coronavirus pandemic, the shutdown of nonessential businesses in outbreak areas and a plummeting stock market, many may wonder: Are we headed for a recession? Anyone hoping to buy a home anytime soon would probably like to know the answer before committing to a major, long-term purchase. If you believe in self-fulfilling prophecies, consider this: According to a realtor.com survey of consumer sentiment conducted in late 2019—before the coronavirus news broke—more than 30% of Americans had already expected to see a recession in 2020. Plus, 56% said they would postpone buying a home until the economy improves. 

“With expectations of slower growth, I think consumers are internalizing that, and possibly taking a longer look at their purchasing decisions,” says George Ratiu, senior economist for realtor.com®.

Yet that same survey also found that 44% plan to continue their house hunt, which experts say may make sense for many.

Read more: Should You Buy a Home If a Recession Is Imminent?

  • Created on .

Mortgage Rates Hit Lowest Point In 50-Year History

gold houseAccording to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. averaged the lowest rate in our survey's history which dates back to 1971.

"The average 30-year fixed-rate mortgage hit a record 3.29 percent this week, the lowest level in its nearly 50-year history. Meanwhile, mortgage applications increased 10 percent last week from one year ago and show no signs of slowing down," said Sam Khater, Freddie Mac's Chief Economist. "Given these strong indicators in rates and sales, as well as recent increases in new construction, it's clear the housing market continues to be a positive force for the broader economy."

Read more: Mortgage Rates Hit Lowest Point In 50-Year History

  • Created on .

Buying a Home That Fits Your Lifestyle

home switcher article 03There are countless details to consider when buying a house: size, style, acreage, price, age, structure, etc. It can be overwhelming, but overall, one of THE most important things to think about is how the house will accommodate your family’s specific lifestyle. You deserve a home that will conveniently fit your routines, hobbies, and expectations. Whether that’s a ranch in the country or a small city townhouse, it’s up to you to decide if the home will support your lifestyle. 

1. Consider How Your Daily Routine Will Work 

Read more: Buying a Home That Fits Your Lifestyle

  • Created on .

© 2020 Wolf Real Estate Group Broker CalBRE#01249563 :: Website by Catalysis Business Solutions

1155 Camino Del Mar, Suite 162, Del Mar, CA 92014

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation ©2020 San Diego MLS