TodayWeBuy: Home Buyer and Seller's Network

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 - 39 months ago by TodayWeBuy

TodayWeBuy · Tip · 47 months · 78456 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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California Proposition 19 Deadlines: 12/31/2020 and 2/16/2021

Prop 15 got all the attention in California, but Prop 19 will have a major impact.

The California Realtors Association spent $35M and others added $15M to get this proposition passed while the opposition spent only $45K. For Realtors, it means more business, more sales, more commissions because even if a child wants to move back into ... See More

TodayWeBuy · News · 35 months · 37253 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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Private Mortgage Insurance: One Strategy That Can Benefit You!

If you can't come up with 20% down on a home (and who can now a days), you'll pay Private Mortgage Insurance (PMI). PMI ends when you have 20% equity in your home.

One strategy is to buy a fixer upper and when extra money becomes available, make improvements to the property such that the home appraises at a higher value. This allows you ... See More

TodayWeBuy · FAQ · 37 months · 30034 views
OpenHouseOn.com LLC, Camarillo, CA
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SB 1120 - Ends Single Family Zoning Throughout California

What's your view on SB 1120 now being considered by California Assembly?

SB 1120 would allow any home in California to be converted into a duplex or allow up to 4 homes where a single home exists today anywhere in California.

While the goal is to add additional and more affordable housing, which we agree with, this is not the ... See More

1 Comment - 37 months ago by TodayWeBuy

Update to SB 1120: This bill died in the final three minutes of the California Senate.

TodayWeBuy · 37M
OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678

TodayWeBuy · News · 38 months · 32335 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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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 · 37 months · 36419 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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California Prop. 15, 19, and 21 Deal With Real Estate

Prop. 15 - Commercial Property Tax

Proposition 15 would assess property tax at market value rates for commercial and industrial properties phased in over a 3 year period that are over $3 million in holdings. $12.5 Billion dollars would go to local governments and K-12 schools if passed. This proposition was placed on the ballot by ... See More

Last Liked - 37 months ago by TodayWeBuy

TodayWeBuy · News · 37 months · 39137 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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LA Times Recommends: Yes on 15, No on 19

Proposition 15 taxes commercial and industrial properties at today’s market rate value instead of their value in 1978 plus %2 per year increase. Properties under $3 million are not impacted.

Proposition 19 eliminates the tax break passed onto homeowners who inherit properties from their parents and allows homeowners 55 and over to ... See More

TodayWeBuy · News · 37 months · 37475 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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Working4Home Idea #1: AT&T Smart Call Blocker

Are you tired getting robo calls while WORKING from home?

Having worked at home for the last 15 years, Working4Home highly recommends the AT&T Smart Call Blocker phones. These phones are the bomb and worth every dollar!

When you are robo called, these phones answer the call and ask the caller to state their name and hit the # ... See More

TELEPHONES.ATT.COM
AT&T Smart Call Block Phones

2 Comments - 39 months ago by Professional John Dee

In case you're wondering, we don't make any money if you buy these phones. We're just making you aware of this product and why we like them.

TodayWeBuy · 39M
OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678

Thanks for the info. I dislike ROBO CALLS!

John Dee · 39M
Based in Camarillo, CA

TodayWeBuy · Tip · 40 months · 43221 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

	1

It's Getting Harder to Qualify for a Mortgage

COVID-19 has reduced the number of homes for sale. While interest rates are the lowest in 50 years, trying to get a mortgage is getting harder.

Lenders are increasing the FICO scores required and the down payment amount expected to get a loan.

As found in the mba.org link below:

"Mortgage credit supply dropped again in ... See More

MBA.ORG
Mortgage Credit Availability Index

Last Liked - 38 months ago by TodayWeBuy

TodayWeBuy · News · 39 months · 35857 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

	1

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 · 39 months · 32691 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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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 - 40 months ago by TodayWeBuy

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

Agent John Dee · 40M
OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678

Nice article.

TodayWeBuy · 40M
OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678

Agent Owen Schwaegerle · News · 48 months · 97136 views
Keller Williams Central Coast, San Luis Obispo, CA
805-215-5063 · DRE 02040597
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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 - 40 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 · 40M
OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678

TodayWeBuy · Questions · 40 months · 32957 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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Is now the time to buy property?

With interest rates at all time lows, 3% or less which is unbelievable, is now the time to buy your new home?

In general, my view is if you really like the property and can see yourself living there for several years, then the answer is yes!

The Advantages

With interest rates at all time lows, such low rates ... See More

TodayWeBuy · Questions · 40 months · 28551 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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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 · 40 months · 23733 views
RE/MAX Del Oro, San Luis Obispo, CA · DRE 01111911
805-781-3750 · Email · 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 · 44 months · 28082 views
RE/MAX Del Oro, San Luis Obispo, CA · DRE 01111911
805-781-3750 · Email · Message · Be Neighbors

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February 2020 Real Estate Newsletter

The Schwaegerle Team's market update for the Central Coast. What we are seeing is a shortage of homes available, about 17% less active listings than last January. This is the lowest the inventory has been in 5 years. The shortage in supply has led to an increase in the median sales price of 7.9% year over year! The current median sales price ... See More

Agent Owen Schwaegerle · News · 44 months · 23646 views
Keller Williams Central Coast, San Luis Obispo, CA
805-215-5063 · DRE 02040597
Email · Message · Be Neighbors

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SB 50 - What do you think?

California has 358 homes per 1000 people and ranks 49th in units per people only behind Utah. The average price for a home in California is over $600K. In S.F., the average price is $1.6M.

SB 50 would override local building restrictions and let developers create more housing near metro stations and high frequency bus ... See More

TodayWeBuy · Questions · 45 months · 23741 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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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 - 48 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 · 48M
OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678

Seller Roger Cook · Questions · 48 months · 24716 views
Selling in San Dimas, CA.
Message · Be Neighbors

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SB 1482: California's Statewide Rent Control Law

iFAQs let you ask questions, comment, or add information about this topic. Click on the comment button below.

Highlights of SB 1482

Signed into law by Governor Newsom. Starting January 1, 2020, rent increases are capped at 5% plus inflation for the next 10 years. Landlords need to document lease violations if a renter ... See More

1 Comment - 48 months ago by TodayWeBuy

How do you know what the inflation rate is?

Do you have to wait until January to raise rents to 5% plus whatever the inflation rate is?

Is it Statewide inflation or county's inflation rate?

TodayWeBuy · 48M
OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678

TodayWeBuy · iFAQ · 48 months · 106521 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors

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Looking for 5 bedroom 3 bath in LA

Does anyone have a listing for a 5 bedroom 3 bath ranch style home in the outskirts of LA? Client is motivated. Thanks.

Clarification - 5th bedroom can be an office.

Last Liked - 48 months ago by Agent John Agent

Agent Debbie Tester · Questions · 48 months · 25153 views
OpenHouseOn.com LLC, Camarillo, CA · Lic 123451234
757-111-6543 · Email · Message · Be Neighbors

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