San Gabriel Valley Real Estate Update June 2014

There are many San Gabriel Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Payment Calculator so you know what buyers will pay for your home in today's market. You may also call me at (626) 914-6859 for a FREE home buying or selling consultation to answer any of your real estate questions.

The San Gabriel Valley real estate market is always changing. It can be difficult to stay on top of things in this dynamic marketplace, so I have brought in Rick from VIP Mortgage to discuss some of the latest market trends.

There are many things going on in the real estate market right now. Interest rates have continued to remain very low and have come down even more over the last 30-60 days. This movement has helped increase the refinancing of homes in the area.

Homes are also continuing to appreciate at a very high rate, giving homeowners more and more equity and buying power. This is causing a slow increase in the number of home sales in San Gabriel Valley. As a result, more and more families are looking for better options for a long term home.

Market experts are predicting a dramatic increase in mortgage rates by the end of the year, so it's important to take advantage of these historic lows now. Given the recent appreciation rates as well as the fact that mortgage financing rates are very low, now is the best time to act if you are thinking of selling your home and moving into a new one. You may find that if you wait any longer, those interest rates will start to increase too much and you won't be able to afford your ideal home.

Please remember to call with any questions you may have to (626)914-6859. Let us help you qualify today so you don't regret it later on!

Utilize the RE/MAX App to Simplify Your Home Search

There are many San Gabriel Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Payment Calculator so you know what buyers will pay for your home in today's market. You may also call me at (626) 914-6859 for a FREE home buying or selling consultation to answer any of your real estate questions.

The RE/MAX Home Search App can Simplify Your Home Search
Today I wanted to speak about utilizing the technology that we currently have available. Most real estate companies have applications for home searches, and this includes RE/MAX.

This application can be downloaded below for free and is easy to use when you're out looking for homes. You can instantly access accurate and updated information, and this is very important in a market that can change from day to day.

This RE/MAX app uses a map to track your location and show you homes that are in our local San Gabriel Valley market. A property will only appear if it is active on the market, and you will be able to see all of the important information like the price, size, and available features.

Download the app here:
RE/MAX Real Estate Search (for Android)

RE/MAX Real Estate Search (for iPhone/iPad)

Another important application to have would be some sort of mortgage calculator. This helps to plan ahead for financing, and it is a great thing to know ahead of time when searching for a home. It also compliments the home search app if you are a very serious buyer.

Hopefully this information has been helpful. I believe that the RE/MAX real estate app can really improve your home search and take some time and stress out of it.

If you have any questions about this application or would like to know more about it, please do not hesitate to contact me. As always, if you're searching for homes in the San Gabriel Valley, consider me your #1 source for real estate.

What Makes Up your Credit Score?

There are many San Gabriel Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Payment Calculator so you know what buyers will pay for your home in today's market. You may also call me at (626) 914-6859 for a FREE home buying or selling consultation to answer any of your real estate questions.

What Makes Up your Credit Score?

Today I want to welcome back Rick Mount from Fareway Independent Mortgage Corporation. He is my expert on credit and he will be discussing a few credit-related issues today. 

Credit scores are very important to today's lending climate, so we like to make sure our clients know about their score and what it means for them. It can impact the type of loan they get and what their interest rate will be, so it's very important.  

Credit scores are made up of 5 major categories. 

1. Payment History accounts for 35% of your score.


2. The amount of debt that you owe on credit cards or other transactions will affect your score.


3. The length of time that you have been borrowing matters. It's not that new borrowers will be at a disadvantage, but it helps to show lenders that you have been borrowing money responsibly for a long time.


4. New credit that has been acquired is factored in as well. New car payments or loans of any type will affect your score. If you're opening up a lot of new credit, it could have a negative effect on your score.


5. Types of Credit Used: This would be when we compare an auto loan to a jewelry loan. Lenders want to see major debt that has been extended to you and not frivolous purchases. 

There are certain things that you can do to improve your scores and help them from dropping, and that is when you would get into contact with me or one of my credit experts. We are always here to help you and are more than willing to guide you through the real estate process.

If you ever need assistance, please contact me and we could easily arrange a time to talk.