Well, hopeefully you’ve taken advantage, or will be taking advantage of the lowest mortgage rates in about 50 years.  For the past 16 months the Federal Reserve has helped keep rates low–around 5% for a 30 year loan — by purchasing mortgage backed securities.  But that program was scheduled to end in March, and private investors aren’t expected to step in to fill the void at the same low rates.  As a result, the consensus among economists is that rates will climb to between 5.3 and 6% by year-end.  So if you’re in the market for a new home, and your area is expecting a 5% or less drop in the next year, then locking in low rates now will probably be more valuable.  For example, if you take out a $300,000 30-year loan at 5% today will cost $1610 a month.  If you wait until the end of the year, and maybe you can land the house for $15,000 less.  But by then rates may have climbed to 5.75%, so your momthly payment will be $50 more, and you’ll pay almost $34,000 more in interest over the life of the loan. 

www.surfcitybeachhouseblog.com

Here’s some good links to help you save some money:

Save on electronics or appliances:

www.pricegrabber.com

Food Savings:

www.coupons.com

Travel:

www.kayak.com

Best rewards card:

www.nerdwallet.com

Highest paying savings account

www.billshrink.com  or www.bankrate.com

Best stocks:

www.finance.google.com

Tami Bowden

www.surfcitybeachhouse.com

Blogging:

www.surfcitybeachhouseblog.com

ALERT! Two important deadlines are on the horizon: the Fed will stop buying Mortgage Backed Securities at the end of March (which means home loan rates may soon be on the rise), and the Homebuyer’s Tax Credit is due to expire on April 30. If you or any of your friends, family members, neighbors or colleagues want to learn more about how you can benefit from the current situation, give me a call or email - I’d be happy to explain more about the opportunity at hand.

ALERT! Two important deadlines are on the horizon: the Fed will stop buying Mortgage Backed Securities at the end of March (which means home loan rates may soon be on the rise), and the Homebuyer’s Tax Credit is due to expire on April 30. If you or any of your friends, family members, neighbors or colleagues want to learn more about how you can benefit from the current situation, give me a call or email - I’d be happy to explain more about the opportunity at hand.

ALERT! Two important deadlines are on the horizon: the Fed will stop buying Mortgage Backed Securities at the end of March (which means home loan rates may soon be on the rise), and the Homebuyer’s Tax Credit is due to expire on April 30. If you or any of your friends, family members, neighbors or colleagues want to learn more about how you can benefit from the current situation, give me a call or email - I’d be happy to explain more about the opportunity at hand.

Hi Everyone, the listing I told everyone about, was an awesome deal, and I sold it in one week without putting it on the MLS.  I promise to let you know when killer deals come up again.  Call me if you’re ready to start looking at property. 

Tami

This is an amazing opportunity to own a home in Huntington Beach.  This is NOT on the MLS yet.  It’s 4 bedrooms and 2 baths.  It’s a fixer in a great neighborhood.  If you know of anyone looking to get into Huntington, please let them know about this home.  It’s selling for $440,000. 

I thought you might want to see this awesome Huntington Beach home.  It has a backyard that offers complete privacy from all sides.  No one looking over while you and your family are laying out or swimming.  Enjoy lush tropical landscaping and an amazing pebble deck pool and spa.  This home has 4 bedrooms and 2 baths.  Check out the view from your spa:

With record low interest rates, low sales prices, and the $8,000 federal tax credit for first-time buyers, and the $6,500 for repeat buyers, you’re going to have to make a good solid offer to get an acceptance. 

In todays market, although everyone is still looking for a steal, there is alot of competition out there.  First-time buyers and homeowners buying up, are competing against investors paying cash.  So if your realtor has done their homework, and you know the property is at a good asking price, then plan on making an offer that could stand up against an investors cash offer.  Remember that an all cash offer, doesn’t necessary always get the acceptance.  Someone with good credit, offering a little above asking, and an offer not asking for any out of pocket expense for the sellers, has a very good chance of winning over a cash offer below asking and demanding seller’s paying buyer’s fees. 

Now’s a perfect time to get a new home at a good price, good luck!

Well, Huntington Beach Real Estate this Summer really has been good.  Home sales are up, and prices are holding.  Towards the end of Summer, interest rates went up a little , and now are edging back down along with gas prices.  There are 19 single family residences for sale in Huntington Beach under $500,000.  Some of them need work, but there are about 5 really hot deals.  You can search for these on the home page.