Archive for Rancho Cucamonga Real Estate

Top 5 reasons to Sell Your Home Now

Trying to time the sale of your home to occur at the peak of the market is as futile as trying to time the stock market.  Or is it?

The typical “Top 5 reasons to Sell Your Home Now” that you hear time and time again:

1. Demand Is High:

The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed a declined 1.9 percent to a seasonally adjusted annual rate of 5.29 million in September from a downwardly revised 5.39 million in August, but are 10.7 percent above the 4.78 million-unit pace in September 2012; sales have remained above year-ago levels for the past 27 months; There are buyers out there right now and they are serious about purchasing.

2. Supply Is Beginning To Increase:

Total housing inventory at the end of September was unchanged at 2.21 million existing homes available for sale, which represents a 5.0-month supply5 at the current sales pace, compared with a 4.9-month supply in August.  Many expect inventory to continue to rise as millions of homeowners escape the shackles of negative equity.  An additional 1.9 million are expected to enter positive equity in the next 12 months. Selling now while demand is high and before supply increases may garner you your best price.

3. New Construction Is Coming Back:

A total of 291 metropolitan areas across the country now qualify as improving housing markets, according to the National Association of Home Builders/First American Improving Markets Index (IMI) for September.    This reflects a gain of 44 markets from August and marks the index’s highest level since it was initiated two years ago.  Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative for many purchasers.

4. Interest Rates Are Rising:

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 4.49 percent in September from 4.46 percent in August, and is the highest since July 2011 when it was 4.55 percent; the rate was 3.47 percent in September 2012.

5. It’s Time to Move On With Your Life:

Families should consider what their opportunity costs are by remaining in a house they do not want. First, if they wait to sell their current house until prices rise, then the price of the replacement house they want to purchase may similarly rise, including the risk of rise in mortgage rates. So their additional profit from the sold house is simply used to pay a higher price on the replacement house. If the replacement house would provide the family greater happiness, then they are forgoing enjoying that new neighborhood, better school, shorter commute or whatever they are hoping to gain in a new house.

And while all of this holds very true,  for the majority of homeowners, the decision on when to sell a home is driven far more by changing life circumstances such as job transfer, growing family, empty nest, taking in elderly parents and the like.

So what if I told you that regardless of your reason or motivation to sell, there is a way for you to find out exactly how much your home would sell for without actually selling it?  That’s right!  What if you actually received real offers from qualified Buyers that outlined everything you needed to know?  What if you actually received a net sheet with real proceeds? Wouldn’t that take all the “guess” work away and truly solve the mystery… “Is now a good time to sell my house” and “What is my house worth”?   And what if after being presented with actual offers you were in complete control of deciding whether or not it actually even made sense, for you?  Well there is a new and better way to know the REAL VALUE of your home, why don’t you Test Sell Your Home™


Contact Vianey Ojeda to find out more:

(909) 294-7265 | |

Posted in: Rancho Cucamonga Real Estate, Test Sell Your Home℠

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Why It Is A Good Time To Buy

Why It Is A Good Time To Buy

You always hear from friends, family,  the news, or the internet it’s a good time to buy a house or these same people or sources have told you now is not a good time to buy.  And honestly for all buyers whether you are the first time homebuyer, the move up buyer or down size buyer it just confuses them to no end.   Unfortunately, most people and the information sources who dole out this advice look at the housing market like a stock investment, especially here in California (because it’s so boom or bust), and they dispense their opinions on whether you should or shouldn’t buy a home with that premise.  I on the other hand, look at the housing market completely differently, and I truly believe you have to.  A good reason is with homes you can write off interest and property taxes.  You really can’t do that with your stocks, bonds and mutual funds.  That being said let’s continue.

For the most part it’s people who buy homes.  I know in the last year or so we have all heard how it’s hedge funds, private equity groups and REITs who are buying up all our houses across the country.  Trust me I know who these groups are because my team at Keller Williams – Rancho Cucamonga, The Hanover Group has worked with several of them across the country, and let me tell you they on average own less than 10% of the housing stock in any given market.  That being said, It’s families with children, single professionals, newlyweds, seniors and many more who buy the vast majority of homes in our great nation.

So let me ask you this… Think of one of your siblings or your best friend and ask yourself, is their life personally and/or professionally ever the same as yours?  Are your lives exactly the same on an ongoing basis?  No.  The answer is absolutely, “No”.

Here’s a perfect example of what I’m getting at.  Back when the economy was booming from 2003 to 2006 (and trust me I sold a lot of homes back then) I had two friends, a married couple who were struggling financially  (unlike most other couples during that time).  However, when the market crashed their personal income actually grew tremendously and became very steady.  So unlike most people from 2000 to 2007 they never purchased a home, they rented.  Along comes 2009 when most people were short selling or losing their homes to foreclosure my friends were actually able to buy their dream home.  Keep in mind back in 2009 there were A LOT of people and information sources who said it was not the right time to buy a home.  The key was that my friends did not listen to the buzz.  They trusted in me as a real estate professional to discuss with them their goals of homeownership and to analyze their financial situation.

And for them it worked out to be the best case scenario, because from 2000 to 2007 they were a married couple with no children and both decided to go back to graduate school during that time period.  Now flash forward to 2009.  My friends have a gorgeous two year old girl and now have housing concerns that would of never been a consideration before, such as, school districts, neighborhood make up, distance from major streets, and many more criteria.  So the point is that it is always a good time to buy, when it’s right for you.  Whether you are a family with children, a single person, a divorcee, or senior; when you are going to call a place home and it can always be the right time to buy.

So don’t listen to all the “Buzz” that’s out there.  It will only confuse you and drive you crazy (kind of like those flies when you’re on a picnic).  Trust in professionals like myself, who care  about you, your family, your needs and personal goals to help you make the decision, “It is the right time for ME to buy”.   Worst case scenario, I will keep you from making a huge mistake and together we will wait until the time is right, for you.

Stay tuned for my upcoming article, “When Is It A Good Time to Invest In Real Estate“.

Vianey Ojeda

Certified Luxury Home Marketing Specialist (CLHMS)®
The Hanover Group at Keller Williams | Rancho Cucamonga
Board of Directors – Citrus Valley Association of REALTORS®

CLHMS – Million Dollar Guild®


O: 909.945.0641 | D: 909.294.7265

BRE 01259267


Posted in: Rancho Cucamonga Real Estate, Test Sell Your Home℠

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