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  Does the seller and/or agent have to disclose problems?

Yes! As a buyer, you can ask the agent to provide a list of all know defects and problems with the property that they know of. You can request this list during an open house.

Duty of disclosure is a legal requirement that the seller and/or agent has to inform the buyer of any defects.

If you buy the property and then learn of a ... See More

TodayWeBuy · Topic · 3 days · 832 views
OpenHouseOn.com LLC, Camarillo, CA
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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 · 3 days · 607 views
OpenHouseOn.com LLC, Camarillo, CA
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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 - 7 days ago by TodayWeBuy
TodayWeBuy · News · 12 days · 1380 views
OpenHouseOn.com LLC, Camarillo, CA
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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 · 7 days · 824 views
OpenHouseOn.com LLC, Camarillo, CA
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  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 - 2 months ago by TodayWeBuy
Agent Hal Sweasey · News · 2 months · 4295 views
RE/MAX Del Oro, San Luis Obispo, CA · DRE 01111911
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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 - 2 months ago by TodayWeBuy
TodayWeBuy · Tip · 10 months · 45090 views
OpenHouseOn.com LLC, Camarillo, CA
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  Save money. Bring a marble to your next Open House.

When visiting an open house, place a marble on the laminate or hardwood floor to see if the marble rolls downhill. This may indicate a foundation problem which usually is very expensive to fix and can cause doors and cabinets not to close.

TodayWeBuy · Tip · 11 months · 45874 views
OpenHouseOn.com LLC, Camarillo, CA
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2    
  Mortgage Rates Hit Another All-Time Low

Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery. These low rates have ignited robust purchase demand activity, which is up twenty-five percent from a year ago and has been growing at double digit rates for four consecutive months. However, heading into the fall it will be difficult to sustain the ... See More
FREDDIEMAC.COM
Freddie Mac Rates

Last Liked - 12 days ago by TodayWeBuy
TodayWeBuy · News · 16 days · 1558 views
OpenHouseOn.com LLC, Camarillo, CA
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  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 - 1 month ago by TodayWeBuy
TodayWeBuy · News · 2 months · 3504 views
OpenHouseOn.com LLC, Camarillo, CA
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  Tesla Stock - July 22 After Hour Earnings

If you already own Tesla stock (maybe to help with your down payment), this YouTube video is excellent.

Tesla has 147,620,000 shares in its float. At $1,600/share, Tesla's market cap is $236 Billion. The S&P 500 market cap is $26,091 Billion. So Tesla, if included in the S&P 500, will represent 0.91% of the S&P 500.

If Tesla ... See More
YOUTUBE.COM

2 Comments - 2 months ago by TodayWeBuy
 
Thanks for the info. I found it interesting.

TodayWeBuy · 2M
OpenHouseOn.com LLC, Camarillo, CA
   
 
Tesla (TSLA) had an amazing 2nd quarter and blew past estimates. This gives Tesla four profitable quarters in a row, which qualifies them to join the S&P 500.

There will be a meeting to decide whether to include Tesla into the S&P 500 and a future announcement date for inclusion, which is expected.

S&P Index 500 funds will have 2 months to purchase Tesla stocks to match their .93% market cap compared to the total S&P 500 market cap. That equates to 26 million shares that the index funds will need to purchase.


TodayWeBuy · 2M
OpenHouseOn.com LLC, Camarillo, CA
   

Buyer John Bada · Video · 2 months · 2993 views
Message · Be Neighbors
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  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 · 2 months · 3645 views
OpenHouseOn.com LLC, Camarillo, CA
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  Mortgage Rates from Freddie Mac - July 16, 2020

These are the lowest rates I've ever seen from Freddie Mac!
FREDDIEMAC.COM
Freddie Mac Rates as of 7/16/2020

TodayWeBuy · News · 2 months · 3648 views
OpenHouseOn.com LLC, Camarillo, CA
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  How is our market this July?

It’s time for our July market update. What a crazy time it is at the halfway point of the year. Today I’m going to cover what’s happening in the market right now, where people are moving, and a solution for frustrated homebuyers.

In the San Luis Obispo real estate market, we had 808 homes for sale at this time last year. Right now, ... See More
TEAMSWEASEY.COM
July 2020

Last Liked - 2 months ago by Agent Hal Sweasey
Agent Hal Sweasey · Video · 2 months · 43067 views
RE/MAX Del Oro, San Luis Obispo, CA · DRE 01111911
805-781-3750 · Email · Message · Be Neighbors
1    
  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 - 2 months ago by TodayWeBuy
 
We can help you with a loan fund at an affordable rate. Kindly reach out
expressfundingloanservices14@gmail.com

Agent TodayWeBuy · 2M
OpenHouseOn.com LLC, Camarillo, CA
   
 
Nice article.
TodayWeBuy · 2M
OpenHouseOn.com LLC, Camarillo, CA
   

Agent Owen Schwaegerle · News · 11 months · 67589 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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  Mortgage Rates from Freddie Mac

Latest rates are mostly unchanged and very low!


June 25, 2020 Rates

FREDDIEMAC.COM
Freddie Mac Website

TodayWeBuy · News · 2 months · 9963 views
OpenHouseOn.com LLC, Camarillo, CA
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  California Election: Propositions 15 & 19

For the upcoming November 3rd California election, two propositions - 15 and 19 - deal with property taxes.

Prop 15 will tax commercial property at current market-rate property values. If passed, $12.5 billion dollars would be raised. Taxes on residential property and homes will not go up if Prop. 15 passes (although we expect future ... See More

TodayWeBuy · Topic · 2 months · 9763 views
OpenHouseOn.com LLC, Camarillo, CA
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  The Largest House In Each State

Found this story interesting ... The Largest House In Each State. How do they research this? ;-)
MEDIUM.COM
The Largest House In Each State

TodayWeBuy · News · 3 months · 6670 views
OpenHouseOn.com LLC, Camarillo, CA
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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 · 3 months · 6740 views
OpenHouseOn.com LLC, Camarillo, CA
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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 · 3 months · 5285 views
RE/MAX Del Oro, San Luis Obispo, CA · DRE 01111911
805-781-3750 · Email · Message · Be Neighbors
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  Will More Homes Go On The Market This Summer?

Interesting question. With COVID19, a lot of sellers simply don't want to expose their home to the virus.

What do you think?

OpenHouseOn.com · Topic · 3 months · 4209 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Message · Be Neighbors
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  Mortgage Rates June 12, 2020

Unbelievable rates!

3.21% for a 30 year fixed. 2.62% for a 15 year fixed.


OpenHouseOn.com · Topic · 3 months · 4089 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Message · Be Neighbors
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  Coronavirus Aid, Relief, and Economic Security Act

If you have a federally backed mortgage and have been impacted by the COVID-19 pandemic, the CARES Act allows you to ask for forbearance for a year if you request it. 180 days initially, then another 180 days extension.

For more information, visit:

https://home.treasury.gov/policy-issues/cares

TodayWeBuy · Topic · 4 months · 4297 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 · 7 months · 7418 views
RE/MAX Del Oro, San Luis Obispo, CA · DRE 01111911
805-781-3750 · Email · 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 · 10 months · 6714 views
OpenHouseOn.com LLC, Camarillo, CA
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  Mortgage Rates Rise: 3.75% 30 year, 3.18% 15 year

Rates increased slightly for a second week.

The average rate for a 30 year fixed mortgage rate is 3.75% up from 3.69% last week.

The average 15 year fixed mortgage rate is 3.18% up from 3.15% rate last week.

For more rate information, visit: http://www.freddiemac.com/pmms/

TodayWeBuy · News · 10 months · 7239 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors
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  Mortgage Rates Rise: 3.69% 30 year, 3.15% 15 year

Rates increased slightly. The average rate for a 30 year fixed mortgage rate is 3.69% up from 3.57% last week.

The average 15 year fixed mortgage rate is 3.15% up from 3.05% rate last week.

TodayWeBuy · News · 11 months · 7298 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors
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  30 Year Rates Fall To 3.57% / 15 Year to 3.05%

30 year fixed mortgage rates fell this week to 3.57% from 3.67% last week according to Freddie Mac. Last year at this time rates were 4.90%.

15 year fixed mortgage rates fell to 3.05% from 3.14%.

TodayWeBuy · News · 11 months · 7272 views
OpenHouseOn.com LLC, Camarillo, CA
805-586-3445 · Email · Text · Message · Be Neighbors
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