How Much Shopping for a Mortgage Should You Do?

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How much shopping around for a mortgage should you do?  The short answer is enough to feel comfortable, but that doesn’t really address the question. The reason for shopping for anything is to satisfy yourself that you got a good deal.  When it comes to buying your home, especially true for first time buyers, there is a lot of integrated complexity and the mortgage process is often overlooked.  Because I’m not a lender, I’m not going to tell you about all the intricacies from  that…

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Is it a Seller’s Market or a Buyer’s Market?

A question most often asked by someone thinking about buying or selling a home is, “Is it a buyer’s market or a seller’s market?”  It’s a bit surprising how often real estate professionals don’t know the definitive answer to that question! Experience shows that 6 months of available housing inventory is considered to be a balanced market.  Less than that favors sellers and more than that favors buyers.  In the greater Tehachapi area, you can’t just consider the entire region because the absorption rate varies significantly from…

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How Likely Are YOU to Find Home Buying Stressful?

Thinking About Buying?  NerdWallet has released their Home Buyer Reality Report and it has some interesting findings.  If you read the entire report, there are insights as to who is most likely to find the process stressful.  Frankly the findings were a bit surprising to me. I would have expected the Millennials to have been the most stressed by the process because as a group they are most likely to be going through the home buying process for the first time.  I was wrong.  It…

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Should You Pay A Record Retention Fee When Buying or Selling a Home?

Most real estate agents work on a commission basis.  That means that whether you are buying a home or selling your house, the agent representing you is most often paid as a percentage of the purchase price. An excellent agent is worth every penny they get paid.  And sometimes, worth much more than the commission earned on a particular transaction.  For example, right now I’m involved in what should have been a simple, slam-dunk transaction that has dragged on for 10 weeks and involved much…

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