TodayWeBuy: Home Buyer and Seller's Network

Can you take advantage of these market conditions?

Today I have the latest news and notes from our San Luis Obispo market as we make our way through July. Inventory is practically the lowest it’s ever been, and the same can be said for interest rates. Since these are the driving forces behind our market, there are a couple of key tips buyers and sellers need to remember if they want to take ... See More
YOUTU.BE

Last Liked - 58 months ago by TodayWeBuy

Agent Hal Sweasey · News · 58 months · 141955 views
RE/MAX Del Oro, San Luis Obispo, CA · DRE 01111911
805-781-3750 · Email · Message · Be Neighbors

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Get A Jumbo Loan. Monthly Payments Can Be Less!

I find this very interesting.

The 15 Year Conforming APR Rate is 3.376% at a local credit union.

The 15 Year Jumbo APR Rate is 3.250%.

What does this mean?

It means for those homes which are priced close to the conforming maximum for your county, you could buy a more expensive home and PAY LESS on your mortgage ... See More

Last Liked - 58 months ago by TodayWeBuy

TodayWeBuy · Tip · 66 months · 182320 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

	-11

Home Prices Rise 12.1% Even With COVID-19

Southland home prices increased 12.1% year over year and sales grew 2.4% as buyers took advantage of low mortgage rates according to the LA Times. This was the largest percent increase since 2014.

Median home prices in:

LA County: $692,750 up 12.2%
Orange County: $800,000 up 11.6%
Riverside County: $441,000 up ... See More

TodayWeBuy · News · 56 months · 143559 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

	0

Lowest Rates Ever

Based on the chart below that goes from 1972 to 2020, these Freddie Mac rates look to be the lowest ever recorded! Wow!

Here's what is the chart says below:

Mortgage rates fell below 3 percent for the first time in 50 years. The drop has led to increased homebuyer demand and, these low rates have been capitalized into asset ... See More

FREDDIEMAC.COM

TodayWeBuy · News · 58 months · 142149 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

	0

San Luis Obispo (SLO) County Real Estate Newsletter

SLO County’s recent trend indicates a flattening out in pricing. We have only seen a 0.9% increase in prices County wide since September 2018. The steam seems to be running out as buyer’s optimism falters with uncertainty towards the economy, the trade war, and an election year looming. There were 324 homes that closed escrow last month, ... See More

Median Sales Price in SLO

Closed Sales

Inventory Months Supply

2 Comments - 58 months ago by TodayWeBuy

We can help you with a loan fund at an affordable rate. Kindly reach out
expressfundingloanservices14@gmail.com

Agent · 58M
, ,

Nice article.

TodayWeBuy · 58M
OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678

Agent Owen Schwaegerle · News · 67 months · 207326 views
Keller Williams Central Coast, San Luis Obispo, CA
805-215-5063 · DRE 02040597
Email · Message · Be Neighbors

Sponsored Ad for San Luis Obispo, CA

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What is the minimum down payment?

What is the minimum down payment if I'm willing to pay PMI as a first time home buyer?

1 Comment - 58 months ago by Agent Frank Louis

We can help you with a loan fund at an affordable rate. Kindly reach out
expressfundingloanservices14@gmail.com

Agent TodayWeBuy · 58M
OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678

TodayWeBuy · Questions · 59 months · 136478 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

	0

What’s New in Our Market?

What’s happening in our mid-June real estate market? Things have been changing rapidly, so we want to keep you updated.

Compared to June 2019, we have 27% fewer homes on the market, which is good for keeping prices stable. Our pending sales are on track to reach 310 by the end of the month if we keep up at our current pace. That’s ... See More

Agent Hal Sweasey · News · 59 months · 32721 views
RE/MAX Del Oro, San Luis Obispo, CA · DRE 01111911
805-781-3750 · Email · Message · Be Neighbors

	0

iTour for 234 Main Street, Los Angeles, CA

With COVID-19, iTours provide an alternative to onsite open house tours. View our demo iTour at:

https://OpenHouseOn.com?I227

This iTour was done using a video camera. The strengths of this tour are the number of paths you can view ... See More

TodayWeBuy · Tip · 61 months · 36711 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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An Update on the San Luis Obispo Market so Far in 2020

Before we get deeper into February 2020, I want to bring you a few quick updates. I have the latest market stats, as well as really important information for home sellers. First, let’s look at the market.

In January 2020, our inventory was down about 15% from where it was a year ago. At the same time, we had 20% more homes go into ... See More

Agent Hal Sweasey · News · 63 months · 43360 views
RE/MAX Del Oro, San Luis Obispo, CA · DRE 01111911
805-781-3750 · Email · Message · Be Neighbors

	0

Second Geological Survey?

My home was in escrow but the buyer (or buyer's agent) requested a second geological survey and wanted us to pay $1,200 for it. We said no.

15 years ago, the living room wasn't level so we had a geological survey done and had the foundation raised and leveled off by a professional company.

My question is what will a ... See More

1 Comment - 66 months ago by TodayWeBuy

Hi Roger,

I talked with an agent about your question. The agent said a lot could change to the foundation and the buyer's agent was doing his due diligence to provide the buyer a peace of mind.

That said ... As the seller, I too would not have paid $1,200 at your cost to check if there were any foundation problems with your home. Chances are pretty slim there will be any new issues found to begin with. But if there are foundation problems uncovered, the buyer would most likely walk away from purchasing your home and you would then need to disclose the foundation problems to the next buyer.

This is similar to the asbestos ceiling issue found in older homes. Everyone may suspect that the ceilings are asbestos and as such, is a hazard to anyone living there. But it's only if the ceiling is tested and confirmed to be asbestos is the seller required to disclose their ceilings are actually asbestos.

Good luck in finding a new buyer!

TodayWeBuy · 66M
OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678

Seller Roger Cook · Questions · 67 months · 26709 views
Selling in San Dimas, CA.
Message · Be Neighbors

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Advertising Guidelines for Agents and Brokers

Found this document to be very interesting:

Advertising Guidelines
Prepared by Tyler & Bursch, LLP

See More

OpenHouseOn.com · FAQ · 66 months · 31281 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Message · Be Neighbors

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