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The Estrada Agency https://estradaagency.com Irvine Costa Mesa and Santa Ana Heights Real Estate Agent Fri, 19 Oct 2018 14:54:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 https://estradaagency.com/wp-content/uploads/2017/01/cropped-Favicon-32x32.png The Estrada Agency https://estradaagency.com 32 32 Why You Need to Know the Value of Your Home Part 2 https://estradaagency.com/why-you-need-to-know-the-value-of-your-home-part-2/ https://estradaagency.com/why-you-need-to-know-the-value-of-your-home-part-2/#respond Thu, 25 Oct 2018 13:09:51 +0000 https://estradaagency.com/?p=3036 Many homeowners don’t think twice about how much their homes are worth unless they’re getting ready to sell. Regardless of whether you plan on selling your home in a few months or you want to live out your final days there, knowing the value of your home is critical for many reasons. And if you’re […]

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Many homeowners don’t think twice about how much their homes are worth unless they’re getting ready to sell.

Regardless of whether you plan on selling your home in a few months or you want to live out your final days there, knowing the value of your home is critical for many reasons. And if you’re not sure about how much your home is worth, it’s time to schedule a home valuation with The Estrada Agency in Orange County. In our last blog, we touched on a few instances — apart from selling your home — when you need to know its value. Here are a few more:

#4. Property Taxes

The amount of property taxes you are required to pay is determined by the assessed value, which is determined by the city, state or county and based on the historical sales of properties similar to yours in the area. If the assessed value of your property is too high, you’ll end up paying more property taxes than necessary, and no one wants that. If you feel your property was appraised inaccurately, you can often get a third-party assessment, which you can use to appeal the tax assessment and hopefully lower your property taxes.

#5. Insurance

The coverage you get from your homeowner’s insurance is based on the appraised value of your home. This figure is used to calculate how much coverage is needed for the replacement cost or actual cash value of your home. If you’ve renovated your home or made other improvements, or if the property values in your area have risen and you believe your home is worth more than the appraised value, a second home valuation can help to ensure that you have the coverage you need.

#6. Remodeling

The two main reasons why homeowners renovate their homes are to make the home more comfortable or to add value to the property. If you are planning on remodeling because you want to add more value to your property, getting a home valuation ahead of time will help you learn where you stand and whether or not a renovation will help you get the value you really want.

#7. Estate Planning

Knowing the value of your home is a key part of the estate planning process, especially if you’re hoping to pass your home onto your children or other family members when you’re gone. A home valuation will help to ensure that your property is fairly distributed based on your wishes.

For home valuation in Orange County, choose The Estrada Agency.

Whether you’re planning to remodel your home, you believe your property taxes are too high or you are considering taking out a home equity loan or line of credit, you’ll need to know the value of your home in order to do so, and The Estrada Agency is here to help. Getting started is quick and easy. All you have to do is fill out our simple form online, and one of our experts will contact you. Or, you can contact us! Get started today!

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Why You Need to Know the Value of Your Home https://estradaagency.com/why-you-need-to-know-the-value-of-your-home/ https://estradaagency.com/why-you-need-to-know-the-value-of-your-home/#respond Wed, 10 Oct 2018 13:09:49 +0000 https://estradaagency.com/?p=3035 Do you know the value of your home in Orange County? Unless you recently just bought your home or you’re getting ready to put it on the market, you probably don’t really know how much it’s worth. Many homeowners don’t put much thought into the value of their homes unless they are getting ready to […]

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Do you know the value of your home in Orange County?

Unless you recently just bought your home or you’re getting ready to put it on the market, you probably don’t really know how much it’s worth. Many homeowners don’t put much thought into the value of their homes unless they are getting ready to sell, and if you’re one of them, then it’s time to consider getting a home valuation from The Estrada Agency. The truth is that there are many different instances when knowing the value of your home is necessary. Here are a few of them:

#1. Refinancing

If you’re planning on refinancing your home while the rates are still relatively low, now is the time to do it, and you’re going to need to know the value of your home. Depending on the loan you choose, you’ll be able to refinance for around 75 to 96 percent of your home’s value. There are many factors that go into qualifying for a refinance, but the amount of equity you have built up in your home is one of the most important. Last but certainly not least, it’s important to know the value of your home when refinancing because it gives you a better understanding of how much mortgage you can afford. Whether you’re refinancing to get lower payments, to get a lower rate or to take a cash-out, it’s important to know the value of your home going into it.

#2. Home Equity Loan or Line of Credit

Did you know that you can borrow off of the equity you’ve built in your home for things, like repairs, remodeling projects or really anything you need? Depending on the circumstance, a home equity loan or line of credit may be preferable to getting cash out through refinancing, but you’ll need to know the value of your home in order to qualify. Most HELOCs (home equity line of credit) require that your equity level is at least 20 percent, and knowing the value of your home will help you determine if you should apply.

#3. Retirement Planning

No matter how old you are, it’s never too early to start planning for retirement, and one very important piece of the retirement puzzle is the mortgage. Knowing the value of your home and how much equity you’ve built in it will open up the options available to you for retirement. Should you sell your home and move somewhere cheaper? Should you take out a reverse mortgage on your home? Should you apply for a home equity loan or line? Should you refinance your home for smaller payments during your retirement years? Knowing the value of your home will help you find the answers to these and many more retirement-planning questions.

Would you like to learn about a few more instances when knowing the value of your home will come in handy? If so, please stay tuned for our next blog.

In the meantime, do you know the value of your home? If not, schedule your appointment with us at The Estrada Agency today to schedule your home valuation.

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Tips for Preparing to Buy Your First Home https://estradaagency.com/tips-for-preparing-to-buy-your-first-home/ https://estradaagency.com/tips-for-preparing-to-buy-your-first-home/#respond Tue, 25 Sep 2018 20:25:09 +0000 https://estradaagency.com/?p=3020 Buying your first home is big and scary. Buying a home isn’t like buying a car or making any other big purchase. It’s a big deal, and it’s not something you should take lightly if you’re preparing to go through the home-buying process for the first time. At The Estrada Agency, we’re dedicated to showing […]

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Buying your first home is big and scary.

Buying a home isn’t like buying a car or making any other big purchase. It’s a big deal, and it’s not something you should take lightly if you’re preparing to go through the home-buying process for the first time. At The Estrada Agency, we’re dedicated to showing you the beautiful houses for sale in Orange County, but we don’t stop there. Our number one priority is to help you get into the home of your dreams, and there are lots of things you can do to prepare yourself for the process. Here are a few expert tips for preparing to buy your first home:

#1. Make sure that your credit score is in order.

You don’t have to have perfect credit in order to buy a house, but you should have at least a solid credit score. The higher your credit score is, the better rates you’ll qualify for, and if you have a lower credit score — below 680 — you’ll be looking at a higher down payment and interest rates. Before you delve into the home-buying process, know what your credit score is, and if necessary, start taking steps to improve it.

#2. Determine what kind of mortgage payment you can afford.

What the banks says you can afford and what you can actually afford aren’t always one and the same. That’s why it’s important to figure out exactly how big of a mortgage payment you can take on before you apply for a loan and start looking at homes. Keep in mind that owning a home is more of a financial commitment than just the mortgage. You’ll also have to pay for maintenance, repairs and replacements, so make sure that you budget for saving every month in addition to paying your mortgage.

#3. Start saving for your down payment and closing costs.

In order to secure financing for your new home, you’ll have to have your down payment and closing costs set aside early on. Depending on the type of loan you qualify for, you’ll need to save between 3 and 20 percent of the home price for the down payment. If you’re not confident in your ability to save up a down payment, be sure to ask your loan officer about down payment assistance opportunities you may qualify for. Closing costs are another big expense you’ll need to save for, and they are typically between 2 and 5 percent of the cost of the home.

#4. Get preapproval for a mortgage.

Don’t make the mistake of going out and looking at homes before you get preapproved for a mortgage. If you find one you love, and there are other buyers who are interested in it, you can’t make a strong offer unless you’ve already been preapproved for a mortgage. Plus, getting preapproved will give you a clear idea of how much you qualify for.

#5. Give yourself lots of time.

Even if you have all of your ducks in a row ahead of time, finding the right home can take time. The last thing you want is to be rushed into buying the first house you look at because you are short on time. Giving yourself lots of time gives you the ability to be a lot pickier, which is essential when you’re making what’s likely to be the biggest purchase of your life.

Let us help you find the home of your dreams.

At The Estrada Agency, we’re dedicated to helping you find the right home for you in Orange County, and we’re here to help you through the ins and outs of buying your first home. Contact us today to get started!

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These Days, it Takes a Little More Patience to Sell a Home in Orange County https://estradaagency.com/these-days-it-takes-a-little-more-patience-to-sell-a-home-in-orange-county/ https://estradaagency.com/these-days-it-takes-a-little-more-patience-to-sell-a-home-in-orange-county/#respond Mon, 10 Sep 2018 20:25:07 +0000 https://estradaagency.com/?p=3019 Is the seller’s market in Orange County slowing down? In the past few months, selling your home in Orange County has been relatively fast and easy. Sellers have enjoyed a thriving seller’s market, but that might not be the case anymore. With 98 days being the current Expected Market Time for sellers, these days, selling […]

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Is the seller’s market in Orange County slowing down?

In the past few months, selling your home in Orange County has been relatively fast and easy. Sellers have enjoyed a thriving seller’s market, but that might not be the case anymore. With 98 days being the current Expected Market Time for sellers, these days, selling your home might take a little more patience than it used to, and it’s all thanks to a more even market for buyers and sellers.

How to sell your home in a more balanced market.

When the market leans towards sellers, as it has been over recent months, sellers could successfully sell homes that needed lots of work and repairs, they were able to make it through a sale while giving few if any concessions and their homes sold quickly. But now that the market is starting to even out, sellers have to be a little more patient and mindful. Here are a few expert tips for selling a home in a market that’s slowing down:

#1. Pick the right real estate agent.

No matter what the market is doing, your best shot at selling your home fast and for the price you want is to choose the right real estate agent. The reality is that not every agent is made equal, and when the market is already on the slower side, you can’t afford to miss out on any viewings. So, take the time to do your research and find a Realtor you can trust.

#2. Get an understanding of the competition.

When the market is a little slower, it means that there are more homes on the market to compete with. In order to ensure that you get the best possible price on your home, and that you sell it as soon as possible, you need to first get to know the competition. A great way to do this is to go over the market analysis with your Realtor, which will allow you to see what other homes on the market are priced at, the homes that are pending sale and how much recent homes have been sold for.

#3. Think about pre-marketing your home.

In this day and age, with so many real estate listing websites, buyers can see how many days practically any home on the MLS has been on the market. The DOM (days on market), unfairly or not, makes an impression on buyers. If a buyer sees that your home has been on the market for days and days, it can give them the impression that there is something wrong in some way with your home. Pre-marketing your home gives you a chance to see how it will fare on the market before the DOM countdown begins. This way, you can make any necessary adjustments to the property or the listing before it’s actually put on the market.

Turn to The Estrada Agency to sell your Orange County home!

Are you thinking about selling your home? If so, the first step is to choose the right Realtor, and The Estrada Agency is here to help. Contact us today to get started!

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What Does a Home Inspector Look For? https://estradaagency.com/what-does-home-inspector-look-for/ https://estradaagency.com/what-does-home-inspector-look-for/#respond Fri, 01 Sep 2017 13:00:43 +0000 https://estradaagency.com/?p=2889 Home inspection is a crucial process of any real estate transaction. But, knowing what exactly this process entails helps set realistic expectations. This post talks about things that a home inspector will do for you and what he will not do so you can ready yourself beforehand.

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What Does A Home Inspector Look For?

No matter whether you’re selling a home or buying one, you will have to deal with the process of home inspection. This is a crucial aspect of any real estate transaction. In this process, a professional inspector visits the location to inspect all assets properly for any major or minor issues. Everything from a home’s plumbing system, to roofing, flooring, electrical system, HVAC unit, appliances, etc. are inspected for their functioning and structural integrity.

Depending on (whether you are a seller or buyer), home inspection process can be a bad or good thing for you. For a seller, the home inspection is nothing less than a challenge as it can make or break a deal. But, being a buyer, you must hire a knowledgeable and experienced home inspector along with you to avoid any kind of unexpected expenses before shifting.


What Does a Home Inspector Look For?

A home inspection is much like taking a car for a test-drive before buying it. Similarly, the home inspection is a necessary part of the home buying process to point potential problems of a property. Save yourself from unexpected repairs down the road with a thorough home inspection.

What does a home inspector do?
A home inspector covers a lot of home areas under his inspection. Every visible or reasonable corner of the home is inspected properly from one end to another. This visual inspection takes three to four hours to evaluate a home completely. Every little detail about the home is noted down in a report for a client or real estate agent.

What a Home Inspector checks:

  1. Infrastructure: This is a general inspection which won’t cover the unseen factors. All the structural elements including construction & condition of the visible foundation, window alignment, bowing of the structure, and evidence of sagging come under this.
  2. Roof: Involves condition of shingles, chimneys’ damage, roof patches/repairs, working of gutters, and clearance of air vents.
  3. Grounds: This covers home’s driveways condition, leakage from the septic tank, fences, proper drainage, and sidewalks.
  4. Electrical System: Type and condition of wiring, the functioning of outlets, circuit breakers, fans, and light fixtures.
  5. Cooling & Heating System: Investigation of air conditioning, furnace, fireplace, chimneys, and water heater.
  6. Appliances: Functioning of the stove, refrigerator, washer & dryer, dishwasher, microwave, and other important appliances.
  7. Plumbing: Ensure no water leakage, proper temperature of hot water, proper functioning of sinks, bathtubs, toilets, and showers.
  8. Basement: Solid infrastructure, walls, foundation, floors with zero damage and water intrusion
  9. Attic: Proper ventilation, sufficient insulation, and any sign of water damage or leakage.
  10. Garage: Perfect & solid foundation, ceiling, roof, framing, and windows, and working of garage door
  11. Exterior Structure: Proper clearance between siding material & ground, the condition of exterior siding and paint, proper working of outdoor lights.
  12. Safety: Safety is monumental. It includes working on fire sprinklers and fire alarms, the condition of doors and stairs, and much more.

What a Home Inspector doesn’t check:
There are some specific areas which don’t come under home inspection or not covered by a home inspector.

  1. Perform water tests and disturb insulation
  2. Figure out the lifetime of the roof
  3. Test for erosion in and around the yard of the home
  4. Describe the adequacy of water supply and quality of water
  5. Swimming pools, tennis courts, and storage sheds are not the part of inspection structures
  6. Deal with pest control, lead paint, radon gas, toxic mold, and asbestos
  7. Predict anything for invisible things

These are the areas, a home inspection process may cover or not. Home buying is a big decision, you are going to pay a huge amount of money, so you need to take the assistance of an experienced home inspector to make the right decision. A professional home inspector guides you thoroughly and helps you make the perfect decision of your life. For this, you need to hire a trustable and expert home investor with years of experience in this field.


Want to know the home inspection process? Read this article to know the things you can and can’t expect from a home inspection.
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How to find a home inspector?
Home buying is a great responsibility, you’re going to invest your lifetime earnings in this, so ensure that you are comfortable with your home inspector. He plays an extreme role in the home buying process from detecting pitfalls and all and helps in making a great home deal.

  1. Search for recommendations.
  2. Ask family and friends for referrals. They can give you better options if they’ve gone through the home purchasing process.
  3. Conduct interview. It is a better way to know about the training, area of expertise, and experience of a home inspector.
  4. Contact a real estate agency. They can hopefully recommend an experienced and trustworthy home inspector with whom they’ve already work in the past.
  5. Hire a real estate agency and leave you home buying decision on them. They will help you in finding the best available home within your budget. They keep a keen eye on everything from home location to foundation, and everything necessary to find a perfect home. They make the home buying process easy as well as stress-free for you.

Sign contract with a reliable real estate agency in the industry, discuss your requirements and let them help you in finding a perfect and evaluated home that you desire. You don’t need to waste your time, your hired agency make all efforts to find out the home of your desires. After finalizing everything, they will take you to the location for adding a final stamp. All you have to do is make a deposit payment if you like that home.

Understanding the process of home inspection is just a single piece of solving home buying puzzle. Ensure you know the full process properly to make your home inspection successful and find the best home of your dreams!

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6 Expensive Traps to Avoid When Real Estate Hunting https://estradaagency.com/6-expensive-traps-avoid-real-estate-hunting/ https://estradaagency.com/6-expensive-traps-avoid-real-estate-hunting/#respond Tue, 15 Aug 2017 21:10:24 +0000 https://estradaagency.com/?p=2870 There is no doubt that selling or buying a property like a home is an emotional process for anyone. Investing in real estate is exciting but...

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6 Expensive Traps to Avoid When Real Estate Hunting

There is no doubt that selling or buying a property like a home is an emotional process for anyone. Investing in real estate is an exciting task but it is full of complexities too. Don’t forget that a real estate transaction is the largest financial decision of an individual’s life. If you’re planning to buy a home, you will have to deal with the process. Handle it as a business deal and, don’t let your heart dictate your choices.

6 Expensive Traps to Avoid When Real Estate Hunting

There are many emotional as well as expensive traps that you might blindly step on and get trapped in. To avoid falling into such hidden traps, you need to use a systematic house buying approach. It will not only help you to save your money but will also help you in buying a perfect home which meets your all needs. In this article, I’ve explained the most common and expensive property traps that could cost you big when negotiating. From here, you can learn how to figure out such traps and how to avoid them. Let’s get started.

1. Blindly Paying For Property

Paying too much for a specific property is never a smart decision. If you are planning to buy the property, don’t sign the very first deal you encounter in the market. It can be a huge mistake that you will regret in the future. In the real estate market, paying too much for a property than its actual value is an easy trap.

For example, There are two companies in the market i.e. A and B. Both are selling the same property but at different prices. And you want to purchase the same property. In this case, to avoid any kind of losses, you should go to the both companies and discuss their pricing. Patience matters a lot in this. Don’t make hasty decisions. Discuss the price properly, know which one is better for you, and then make your final decision.

Avoid paying blindly or too much for a property. Analyze everything properly and then take action.

2. Anchoring

You know what they say – “ The First impression is the last impression”. And there is no denying that first impression really does matter. We judge places, people, and situations instantly without even thinking too much. According to the research, human mind gives preferences to these impressions only and comes up with a final decision. This world is full of influencers, try hard to ignore them. This is another big trap. How can you avoid this trap? It is hard to ignore anchoring altogether, but you can minimize its impact by following these major steps:

  • Ignore soliciting and giving opinions immediately
  • Be aware of the mostly used perceptions and language that may unwittingly anchor your whole team
  • Try to go in detail before making any decision

3. Ignoring Due Diligence

So, you have finally made your mood of investing into real estate. Whether you want to buy residential property or commercial property, you should do your own research. Due diligence is the basic rule you need to perform before buying anything. This negotiation helps you find out more details about the proposed property.

The property you are going to purchase is a live deal, if you don’t want to miss this live opportunity, you need to take quick action rather than delaying. Try to make your decision within 21 days. During this time period, you can meet third-party experts to guide you better and know more and more about that property.

Most of the people avoid due diligence as it cost some money. But they don’t imagine that spending a little amount on due diligence can help you save a lot of money in the future. Keep in your minds that due diligence is a great part of this process.

4. Doing Too Much Research Finding the Right Property

Some people prefer to do a lot of research to find the right home or property which is good. But it can cost you too much later if not done properly. They find the perfect property after doing due diligence but instead of taking any action they prefer to search more and more. And when they finally get ready to take an action, the property is no longer in the market. This kind of holding out for the right property can never let investors meet their goals. There is nothing like perfect property, so don’t waste your time in too much research and all.

5. Expressing You Love the Property

If you fall in love with the desired property, you are surely going to invest too much for that property than its actual price. Don’t show your excitement to the property dealer. Think with your mind don’t involve your heart into this. Act like a practical or realistic property developer.

6. Asking for Opinions

We are not saying that asking for advice and opinions from family, colleagues, and friends is not a good idea. But, asking wrong people (who don’t even know much about real estate) can be another big mistake. Such people come up with so many ideas and make you doubt your own decision. This process repeats itself with every property deal. Ignore asking others for their advice as it will hinder your decision-making process and throw you in for a loop. Just think what you want and what you’re comfortable with and take actions. Or instead of wasting your time to asking wrong people, you can talk to the right person who has enough experience in the same field.

These are some of the traps which can never let you make the right decision and could cost you big. If you don’t want to face any kind of loss in the future, you need to make an effective strategy to overcome these traps. Don’t let them come into your path of buying the right property at a reasonable rate.

So if you are considering buying a home in Irvine, Calfornia and want to know more about the area or some guidance on these suggestions, let’s talk! I’d love to show you the town.

Top Irvine Real Estate Agent

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7 Questions Every First-Time Home Buyer Should Ask https://estradaagency.com/7-questions-every-first-time-home-buyer-ask/ https://estradaagency.com/7-questions-every-first-time-home-buyer-ask/#respond Tue, 08 Aug 2017 18:59:57 +0000 https://estradaagency.com/?p=2834 Buying a property is one the biggest financial undertakings we'll ever make. If you’re planning to purchase a new a home, then here are seven important questions first time home buyers must ask themselves.

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7 Questions Every First-Time Home Buyer Should Ask

Buying a home is one of the biggest investments a person makes in his life and a risky one as that. After all, you are going to invest a large portion of your hard earned money. Buying your first home in Orange County, California is an amazing experience, but it can be frustrating too. Here are 7 Questions Every First-Time Home Buyer Should Ask.

Being a first-time homebuyer, you may feel excited, emotional, and anxious all at the same time. However, making the right decision is important at that time. So, If you’re in the market for the first time and looking to buy a property, you must answer the following questions to understand whether you should go ahead to buy a home or not.

How Do Your Finances Look?

As soon as you get engaged in the home buying process, your financial condition is open to everyone. When you sign contracts, mortgage companies, banks, and realtors go through your finances; be sure that you possess the ability to buy a home. Consequently, it is advisable to take a long, hard look now before you find your dream home.

Below are some of the factors that financial institutions look at before approving a purchase.

Your Income: Do you have fixed salary for every month or does it vary? Financial institution usually gives more preference to a person who has a regular income as it advocates his/her ability to pay the mortgage on time.

Your Employment History: It is another major factor, financial institute looks at. Banks prefer that a home buyer have a working relationship with at least two years with the same company.

Your Debt: Too much debt is a red flag for you. If you have already acquired loans for a car, education, you’re more likely to get rejected.

Late Payments: Have you ever made late payment or delinquencies for any of your debt? If yes, the bank will not be able to take chance again.

Your Savings: It is another major factor financial institutes look at before approving a home purchase.

How Much Are You Comfortable Paying Per Month?

Always consider it in advance that you are able to pay back for your loan on regular basis or not. When you opt a mortgage company for a loan, they go through your financial history and lend you a pre-approval for a certain amount of money. This is the maximum money they feel comfortable loaning you. That amount may look attractive to you, but always keep in mind high price range also comes with a high monthly payment. To pay this amount you may have to cut down your many spendings that might be necessary for your daily needs. So, always look at how much money you can spend each month on your different expenses.

Do You Prefer Any Particular City?

You can remodel your complete house; from your kitchen to living room to garden. But, once you have made a wrong decision while choosing a city, it may become very difficult to change it. Consequently, it is necessary to have a solid idea, where you would like to be. Ask yourself if you would be happy in the city you are going to choose. Each area has its pros and cons so always make decisions wisely.


Thinking to buy a new property but unable to make the right decision? Ask yourself these questions to make a smart real estate investment.
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What Kind Of House Should You Live In?

It’s the harsh reality of the real estate market that no home will ever be completely perfect for you. Every property comes with some fixed compromises. When you will start looking property listings, you find many homes in your desired price range and location. But, when you will actually visit them, you will find that they all require some fixing up. Therefore, always take stock of the things the are your must haves before looking at potential properties. When you sit with a real estate agent, consider this factor as it will give you the right idea of where to start your search.

It’s the harsh reality of the real estate market that no home will ever be completely perfect for you. Every property comes with some fixed compromises. When you will start looking property listings, you find many homes in your desired price range and location. But, when you will actually visit them, you will find that they all require some fixing up. Therefore, always take stock of the things the are your must haves before looking at potential properties. When you sit with a real estate agent, consider this factor as it will give you the right idea of where to start your search.

Are There Any Things You’d Like To Stay Away From?

It is important to keep to eye on things around the property you’re looking to purchase, since any thing bad around it may affect your life, especially those things, which you can’t alter later on like highly-trafficked road, a specific neighborhood that you want to stay away from, etc. Always consider these things before you get ready to buy a property.

How Much Maintenance Can You Afford?

Yes, we all do it, before purchasing a home, we picture ourselves embracing the fun in the backyard of the house, enjoying the peace and quiet in a newly purchased home. However, in addition to all these positive thoughts, it is also a lot you need to keep in good condition. Be honest with yourself about how much maintenance you can afford. A big lawn of your house is a good feature, but you also understand that it comes with lots of grass that need to be cared for.

How do you want to use the property?

Your short answer to this question would be – to live in it. However, in a near future, you may want to use your property to build equity or for renting. In short, knowing exactly how you’re going to use your property can help to focus your final property search. So, always look at various things before planning to buy a house.

Buying a home is not as easy as it might seem, most of the people find themselves unable to find the right property as per their requirements. Unless you have right answers to all of the questions above, this is not the right time to buy a property.

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7 Reasons to Sell Your Irvine, CA Home in 2017 https://estradaagency.com/7-reasons-to-sell-your-irvine-ca-home-in-2017/ https://estradaagency.com/7-reasons-to-sell-your-irvine-ca-home-in-2017/#respond Tue, 01 Aug 2017 13:00:33 +0000 https://estradaagency.com/?p=2798 Selling your home doesn’t come across as an easy task, and rightly so. Given the real estate conditions in 2016, and as a homeowner, you would have thought about holding the property for the right time so that you can get the best deal for your house.

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Selling Your Irvine Ca Home

7 Reasons to Sell Your Irvine, CA Home in 2017

Selling your home doesn’t come across as an easy task, and rightly so. Given the real estate conditions in 2016, and as a homeowner, you would have thought about holding the property for the right time so that you can get the best deal for your house.

Well, it won’t be an overstatement to say that the wait is over, and the time is right! If you are looking for a reason to sell your home in Irvine, California in 2017, I am going to give you not one, but SEVEN reasons to do so. Read along and see why this year proves to be so awesome for house sellers in Irvine. Whether you are interested in selling or buying a house in Irvine CA, this article is for all of you amazing people out there.

1. Mortgage Rates

The mortgage rates in Irvine are tremendously low this year, thus making monthly costs low as well! The concept of lower mortgage rates sounds like music to a seller’s ears. And 2017 is a symphony for that matter.

In comparison to the time before October 2016, the mortgage rates are a bit higher, but even then, mortgage loans are being offered at around 4%, and the rate is not expected to change anytime soon. Real estate agents Irvine CA believe that by the end of 2017, the mortgage won’t go beyond 4.8%. If this doesn’t sound like an opportunity to you, we don’t know what will.

And when we come to think of that, here’s the next reason why 2017 is a great year to sell your home in Irvine.

2. Decline in Inventory

In the current business times, it is quite easy to assume that everybody knows the concept of demand and supply.

For the uninitiated, the concept of demand and supply is that if something is available in abundance, its price takes a downward plunge. On the other hand, if the availability of the same thing is scarce, it becomes dearer and starts costing more.

As a matter of fact, whenever we are said to give an example of demand and supply, the most common example cited is that of the real estate market. As the number of homes on sales drops, the value of the available ones increased. Sounds like good news for sellers, doesn’t it?

In comparison to 2007, the number of houses for sale in Irvine has dropped to almost 54%, and that means the property has become dearer than ever before, well, dearer than the last 10 years. This may not be a once in a lifetime opportunity, but ask yourself, would you like to, or want to wait for another decade for such an amazing time to sell your house?

The competition is less, which means the iron is hot. Strike now, or wait for the trend to return, and when will that happen? May be after ten to fifteen years down the line!

3. Strong Demand

So what happens when people are looking for a home and there are not a lot of homes to be sold? Demand gets higher, and this time, the demand has been at its highest in the course of ten years.

Interest rates are tremendously low, and buyers know this is the right time to buy a new house. Buyers are realizing that the low-interest rates will mean that the difference between the EMIs and rent they are currently paying won’t be beyond the affordable range.

For a few dollars more, they will be able to buy a home in Irvine, Ca. and pay subsequent EMIs, instead of paying rent which, in the end, amounts to nothing.  Buyers, you won’t be able to find homes for Sale Irvine Ca with better cost in the next ten years. The time is right, act wisely.

Needless to say, you can, and must use this high demand scenario in your favor and plan to sell your house in 2017.


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4. Interest Rates

While interests rates are low now, as a real estate agent in Irvine, California, I suggest that you should not wait too long to benefit from them. By the end of the year, the interest rates may change and get higher by a small margin. The margin, if we think about it, may not be significant, but the amount you take as a loan will obviously affect the overall EMI you will be paying till the loan tenure is complete.

Higher interest rates and resulting EMIs may discourage you from buying a house then, so this is a time for buyers to act, and not think.

Before I jump to the next point, I would like to talk about equated monthly installment (EMI). EMI is a fixed amount of money that you at a certain date of each month in lieu of the money that you borrowed from a bank to pay for your purchase. Basically, make a certain amount of deposit with the seller, called a down payment. The rest of the amount is paid to the seller by the bank.

Afterward, you start paying the amount given by the bank, plus some interest on the principal money, on a fixed date of each month for a predetermined number of months. The more the interest rate, the higher EMI you’ll need to pay.

5. Increase in House Prices

With not enough homes to meet the rising demand among buyers, the prices of homes are bound to increase with time. The cost of homes has increased by almost 7% in the course of 8 months.

Given the recession in property prices, the now rising costs have made many sellers to grab this opportunity and get better prices for their homes. So I suggest all the interested sellers take advantage of this opportunity and get the best possible rate for their homes.

6. Higher Rents

The house rents are at an all time high all across the nation, and Irvine CA is no exception. Renting is already becoming more and more unaffordable with time. So the better decision for all the buyers in Irvine CA would be to buy a house instead of paying rents.

7. The Role of Millennial Age

This is the time when the folks from the millennial age have started to think about having a family and buying a home for themselves. And the current market situation makes them realize that the sooner they buy a house, the better their future prospects will be.

Irvine is a great choice for millennials to buy a home, and being a homeowner in the same region, a great opportunity awaits you.

Whether I talk from a buyer’s perspective or a seller’s, the year 2017 is going to be really awesome for real estate deals. I suggest you take a good look at the real estate listings in Irvine Ca and see how you can get the best benefits of this amazing time.

For more information on what your home value is, check out our Home Valuation tool!

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Moving to Irvine, California? 17 Reasons You’ll Love Living here! https://estradaagency.com/moving-irvine-california-17-reasons-youll-love-living-here/ https://estradaagency.com/moving-irvine-california-17-reasons-youll-love-living-here/#respond Tue, 25 Jul 2017 19:49:45 +0000 https://estradaagency.com/?p=2771 Irvine California, Living in Irvine, why live in Irvine, moving to Irvine, Irvine California attractions

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Irvine is one of the most prosperous cities in Orange County, California. Developed by the private real estate development company of the same name (Irvine Company) in 1960, Irvine city was formally incorporated in 1971. Are you considering moving to Irvine, Calfornia? I’ll give you 17 reasons you’ll love living here!

Moving to Irvine, California? 17 Reasons You’ll Love Living here!

Moving to Irvine, California? 17 Reasons You’ll Love Living here!

 

  1. The Land of Celebrities

It’s not just that famous Olympians. such as Aaron Peirsol and Amanda Beard, or tennis player, Lindsey Davenport, live here; they actually hail from this amazing city. And, if you talk about Aubrey O’Day or Dita Von Teese, they also hail from Irvine, California.

And not just celebrities, Irvine has also served as a location for many famous films, such as Transformers and Zero Dark Thirty.

  1. The Improv City

We all know how awesome the stand-ups at ImprovCity are. If you enjoy a great stand-up comedy show as much I do, Irvine is where you should be. The cost of tickets, you ask? Just $10 per show. Who said awesome needs to be expensive?

  1. The Land of World of Warcraft

We understand that only avid gamers will know the name of Blizzard Entertainment. For those who know games, but don’t play ‘em much, Blizzard Entertainment is the name of famous video games, World of Warcraft, StarCraft and Diablo.

Blizzard Entertainment is not just headquartered in Irvine city, it also happens to be the eighth largest employer here. So, awesome games and a career, what’s not there to like about these amazing guys?

  1. The Creamistry

You know the best defense against the Californian heat is also the most delicious defense? Yes, ice cream. Creamistry is one such awesome ice cream shop that serves a made-to-order ice cream right before your eyes using liquid nitrogen. This is the first ice cream shop of its kind in the Orange County, and it is happening right here, in Irvine! Oh, they offer dairy-free ice cream, too.

Have you fallen in love with Irvine already? And, we just began with a few of the amazing attractions. Keep reading…

  1. For the Love of Fashion

The headquarters of the famous, high-end clothing company, St. John Knits, is also located in Irvine. Famous supermodel, Gisele Bundchen, and the Hollywood heartthrob, Angelina Jolie, were the prominent faces for this brand.

And that’s not all, you can easily find people donning the latest fashion trends. You just need to step outside, and you’ll feel as if the road itself has turned into a ram or a red carpet for that matter.

  1. Children’s Museum

No, it’s not a museum of children, but rather for children, and one that you will really enjoy. One of the top attractions in Irvine, Pretend City Children’s Museum, is a play city for children. This includes fun and learning! The play city includes areas, such as a farm, fire station, post office and more! This place really pushes kids to use their imagination with hands-on learning exhibits.

  1. Hot Wheels

Be it the concept cars, restored classics or the hot rods, the streets and roads of Irvine are always a host to some of the most beautiful cars you can ever come across.

  1. Architectural Marvels

The city is divided into townships and individual villages, 46 of them. And all the villages boast of a different architectural theme. From Spanish architecture to Bungalow craftsmanship, you’ll find it all here.

  1. Traffic? What Traffic?

Thanks to the Irvine Traffic Control and Research Center, the ground sensors and cameras adjust traffic automatically by monitoring the traffic flow. Now, that’s what we all want, don’t we?

  1. The Irvine Museum

Irvine welcomes the artistic kind with an open heart. Irvine Museum exhibits works of famous artists, such as Phil Dike and Emil Kosa Jr.

  1. Ayn Rand

If you’ve read The Fountainhead and/or Atlas Shrugged, the name would have already sent some real goose pimples your way. The non-profits Ayn Rand Institute in Irvine makes sure the coveted author’s ideas and philosophy in education stay alive.

  1. No Need of a Caped Crusader

In the category of cities with a population 100,000 or above, Irvine has been rated as the safest city. And it’s been nine years in a row that Irvine has received this title. Irvine is not just a big city; it’s the safest big city in the nation. No need for a vigilante, I suppose.

  1. And Irvine’s Smart Too!

With more than 70 percent of Irvine’s population holding at least a bachelor’s degree, three libraries and eight universities, you won’t have trouble finding someone to have a good conversation with over a cup of coffee.

  1. Irvine Spectrum Center

This is the place where you can watch any movie of your choice. This is a massive theater that once used to be the biggest movie theater on the West Coast, and it stands proudly with 21 screens. I’ve been at the Irvine Spectrum Center, and trust me, it’s still as breathtaking.

  1. Le Diplomat Café at UC Irvine

This is where you’ll find the best sandwiches in Irvine. No, not subways, sandwiches, both hot and cold! And the best part is that they’re all available at affordable rates so that students can enjoy ‘em. And don’t forget to ask for garlic sauce. You can thank me later.

  1. Vietnamese Style Coffee

Want one more reason why live in Irvine? This interesting coffee is available at the BLK Coffee.  Try their “VTM” Coffee — slow-dripped, Vietnamese, craft coffee.

  1. Summer Nights

Thanks to the Flights and Sounds Summer Festival, which happens in August every year, a lot of artists, both local and from other parts of the world, flock to Irvine. What makes the event even more awesome? The entry is absolutely free!

So if you are considering buying a home in Irvine, Calfornia and want to know more about the area or gain some guidance on these suggestions, let’s talk! I’d love to show you the town. Contact me today. I’d love to be your Orange County Realtor!

 

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5 Simple Steps on How to Choose a Mortgage Broker https://estradaagency.com/5-simple-steps-on-how-to-choose-a-mortgage-broker/ https://estradaagency.com/5-simple-steps-on-how-to-choose-a-mortgage-broker/#respond Mon, 10 Jul 2017 22:52:52 +0000 https://estradaagency.com/?p=2698 When it comes to Buying a House in Irvine Ca, or selling a house, there are many factors involved in the process. If we talk from the financial perspective, a majority of buyers have to find a mortgage broker who can assist with the process of mortgaging.

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When it comes to buying a house in Orange County, there are many factors involved in the process. If we talk from the financial perspective, a majority of buyers have to find a mortgage broker who can assist with the process of mortgaging on the basis of a buyer’s loan amount.

It all starts with knowing the difference between a mortgage lender and a mortgage broker. A mortgage lender is an institution that that provides the loan to help you finalize your house deal. A mortgage broker, on the other hand, is a person who connects the buyer with the right mortgage lender. A broker is a connecting link, the intermediary or, simply, the mediator. However, they are not loan officers; although mortgage broker may work in a loan office.

How to Choose a Mortgage Broker

Do I Really Need a Mortgage Broker?

Well, you don’t need a mortgage broker, necessarily. However, if you opt for a mortgage broker, things start falling into place for you pretty quickly and easily, while also saving you a good amount of money. Choosing to go for a mortgage broker is especially beneficial for first-time buyers, buyers who have questionable credit or both. A mortgage broker with an ample number of lenders in his network can help you find a lender that can offer you a mortgage with a good interest rate.

Finding the right mortgage broker will require you to do plenty of market research. And, you may think, “If I am going to spend so much time finding a mortgage broker, I would rather file for the mortgage myself.” That’s when you will realize finding a mortgage lender that suits your compensation is an equally daunting task, if not more so, and we are being lenient here. Normally, finding the right mortgage lender is way more difficult than finding a mortgage broker.

Once you’ve successfully found a mortgage broker, searching for the right lender becomes his or her assignment, and they will make sure you find the best one.

So when it comes to finding the right mortgage broker, there are five basic steps that you need to keep in mind. When you begin your search for finding the right mortgage broker with references to these points, things start falling into place pretty quickly. Read along…

 

5 Simple Steps on How to Choose a Mortgage Broker

Step 1: What Kind of Buyer Are You?

As we mentioned before, people who are buying a house for the first time, or ones with bad credit, won’t be able to get approval from all lenders. Bad credit scores and mortgages generally don’t sail in the same boat. To make things even more difficult for a person with a bad credit score, some wicked lenders scourge the mortgage world to take advantage.

As a matter of fact, it was this predatory lending tactic that turned out to be one of the major reasons behind the 2007-2008 mortgage bubble burst. Many national and state laws have been passed since then. Even then, it becomes really important for a new buyer to scrutinize each lender cautiously, which can become really difficult. This makes a mortgage broker a great choice. Their experience comes out to be really handy for new buyers and buyers with bad credit.

Step 2: Talk to Family and Friends

No matter how much the internet and traditional marketing methods may evolve, word of mouth still happens to be among the strongest marketing strategies. Talk to your family members, friends and colleagues to see who has bought or sold a home recently. Ask them if they know of a mortgage broker, if they someone they know has used that broker’s services, how good he/she is and other, similar questions. When you are buying a home in Orange County, CA, a little research goes a long way!


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Step 3: Online Reviews

What’s the internet version of “word of mouth” marketing? That’s right, online reviews. You can begin your search by simply typing “mortgage broker reviews,” followed by the region of your choice. Read reviews carefully. What does a good review say, what does a bad review talk about — all these factors are important to make a good decision. You can also use terms, such as “new buyer” or “bad credit,” and other such factors in your search.

A good option would be to go for video reviews posted on YouTube and Facebook. They are more believable in comparison to conventionally written reviews.

Step 4: The Interview

Never finalize a broker without shortlisting at least three of them. Once you have some really good brokers on your list, it’s time to interview them individually. Try to include the following points in your questions to get a better idea about your broker:

  • Average closing time
  • Fee amount and fee structure
  • Loan application requirements
  • List of lenders, and the lenders the broker likes the most
  • Experience of working with first-time buyers and bad credit scores

Step 5: A Little Comparison Goes a Long way

Interviewing several mortgage brokers is a crucial step toward making sure that you are working with a strong contender, the one who can easily take the jabs of the real estate lenders. But, this also happens to one of the most ignored aspects, too! Unfortunately, people don’t understand the importance of talking to various mortgage brokers and comparing them. Don’t be that person.

Conclusion

Integrity and transparency are among the most unnoticed aspects of a person’s character when it comes to deciding which mortgage broker to work with. If a mortgage broker is assuring you of unattainable goals or showing you impractically high expectations, observe and tread cautiously. You should go for a mortgage broker who is not only clear, but also honest about what they can and can’t do. See, the most efficient and experienced mortgage brokers realize the fact that they are not perfect for working with every client they meet. On the contrary, they are the first one to say, “I am sorry, I can’t help you with this, but I know a person who is the best fit for you.” they have a good network, and they know people. For them, it’s not about the product; it’s about ensuring that the client gets a great deal.

If you have any questions on finding a mortgage lender or broker, reach out! I’d love to help you start the process.

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