Category Archives: Don’t Take it Personal

Housing Recovery, has begun…


September 10, 2012

 No matter which way you do the arithmetic the answer will always come out the same way. And really, that’s a positive. When you own a home you are going to pay off the mortgage and be done with it.  If you were to buy a home today in 2042 you will be free and clear, it would be all yours!  No more monthly payments…what a great goal to have. You can will it to your children or anyone you like. Yes, after you pay it off you will still have to pay your property taxes, but the monthly dollar amount will be a fraction of what the mortgage was. Consider what rents might be in 30 years. Would you rather be paying an inflated monthly lease or rent in 30 years, or just be paying the taxes on your home? I know what your answer is. It is just that simple. Smart people do everything possible to own their own home. Write out a plan; Scrimp and save for the down payment. Where can you save more money to go towards your down payment/closing costs of your new home? You only need 3.5% if you go with an FHA Loan, or if not 5 to 15% . Or if you can put 20% down you will not have to pay PMI insurance which is a safety net for the banks and lenders. That is usually the price of a modest car payment. Remember do not finance ANYTHING when you are preparing to buy a home. You will lower your price point; Loan to Dept Ratio and have to buy a lower priced  home perhaps not in the neighborhood you desire. Be careful when considering buying a new car or financing furniture, remember DON”T DO IT! Just good Advice:  Don’t pay for anything new in your rental unit…carpet/flooring, patio covers, sinks, faucets, make sure you have the owner do all the up grades and repairs. That money should not come out of your pocket, but should be going into that down payment savings account.

Today home prices are going up slightly, which means the sooner you can purchase a home the better. Stop giving your hard earned money to your landlord…who is making a mint off you.

Renee Baccaro Realtor “At Your Service”.

(562) 972-9886

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The Power of T.i.m.i.n.g. There is no time like NOW…


The Power of  T.I.M.I.N.G.

There is no time like NOW… to list your home for sale expecting to receive one possibly two strong offers then waiting too long…and being reduced to beg for any offer. If you miss this window of opportunity, well that is just what may happen.

Mistakes some sellers make; The time to plan; getting estimates and then the time to do the actual work can take from 2 to 6 weeks; at this point in the season that will leave you the beginning of summer..  If you want a good price for your home then list it NOW. Let us Show it on the weekends when eager buyers are looking. You may get an offer that you like and not have to do anything! You can also use the work needed as an edge to NEGOTIATE with buyers$3000 carpet & paint allowance. Money you plan on spending anyway can actually help a buyer with the cash for closing costs to buy your home. AND BUYERS ARE LIKE GOLD THESE DAYS. Strategize to give them more to keep them happy and feeling like they are getting the best deal.

 There are a number of short-sales and REO’s that has brought the sale values lower…  Ask yourself if doing all that extra work is worth it? Putting $2000 to $5000 into your home to look nicer, cleaner, brighter… will not yield you a return of… $25,000. $10,000 will not yield you a return of $25,000. Not in this market. Yes, curb appeal is important. Touch up paint to make it look fresh. Some good ol’ labor…or you can create a job for the handyman in your neighborhood.

Do the very minimum…take all the old curtains off – Clean the carpets $150 + wash the windows = clean and bright!  Maintain the yard; mow, trim bushes, weed and water. You can plant flower in the front yard for curb appeal $150 Total =$300.00

Saint Patty’s Day-May- Memorial Day, 4th of July, September – Labor Day – then… it’s all over.

(see full article on www.retalkblog.comby Renee Baccaro Realtor®

(license DRE 01718366) 562-972-9886 cell

www.GoAskRenee.com  – Search for Homeswww.ReTalkBlog.com  – Read Articles about the R.E.  Market

 www.Facebook.com/renee.baccaro –   Join me on both – www.Twitter.com/goaskrenee  

(license 01718366) Villa Group Real Estate


How to Lower Your Credit Card Interest Rate


 

Number one New Years Resolution. Get rid of your debt!

Five step Plan

1. HOW MUCH INTEREST ARE YOU ACTUALLY PAYING? HAS YOUR RATE BEEN RAISED?

2. GO ON LINE GOOGLE YOUR CURRENT CREDIT CARD.

What is the new rate for new customers? 0.5% FOR NEW CUSTOMER.

3. COMPARE. WWW.creditcards.com www.lowcards.com  www.creditping.com

4. Compare national averages. 5 credit rates. pro sub prime

Are you a good borrower? 700 plus? 

5. Call your credit card company. Ask for the floor manager or supervisor. (Be Very Nice!) Tell your credit card company that you are a good borrower with a high FICO score of (700 pluse) and that you are paying a very high… 29.9 % rate. Tell them you want a lower rate.

** They may lower it at first 5% (or more). Make a deal with them;  after 90 days get a promise they will lower it by 20%.

 If they won’t thats when you shift your balance to a nother credit card company that will.

*Ask to speak to a floor manager or supervisor.  Make notes.

Debt Free for Life by David Bach. See video below.

http://today.msnbc.msn.com/id/26184891/#40828123