You Will find a Wealth of Information on this Blog.

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

 

July 11, 2018

On a homebuying mission

Active service military members and veterans make up the smallest group of home buyers. Check out what they're purchasing and how they're purchasing it. 

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Courtesy of Mike Patel,   

First Team Real Estate Christie’s International .   www.mikepatel.com

 714-470-8600    dre 01146880 

 

Posted in Life Hacks
July 10, 2018

If you are considering kitchen renovation, READ THIS!

The Connected Kitchen

If you are considering a kitchen renovation, consider adding high-tech features to make the space timeless.

Cut the cords. There are many appliances that are now wireless and compatible with smart counter tops. Plus, a wireless kitchen reduces the number of cords, which is extremely important near kitchen sinks. 

Find a digital hub to manage your kitchen. Download apps that an help you take greater control over your kitchen by using voice commands or allowing you to directly turn on your oven remotely or access videos with step-by-step directions.

Make sure your new appliances are Wi-Fi enabled 

Appliances that can connect to the internet are the future, and some companies believe other appliances will eventually be outdated. Connectivity, for example, allows ovens to control the baking for you.

Consider a wireless charging counter tops. Wireless charging counter tops may become the "new quartz" When choosing a counter top, it may be a smart idea to skip the stone and opt for smart counter tops that charge your devices.

Courtesy of Mike Patel,   

First Team Real Estate Christie’s International .   www.mikepatel.com

 714-470-8600    dre 01146880 

Posted in Life Hacks
June 26, 2018

Protecting Home Values

69 million Americans live in 342,000 common-interest communities and the majority of owners say Homeowners Associations protect home values. Find out why.

90%

say association rules protect their investment and enhance property values

73% 

believe their community managers provide value and support to residents and their associations

Best aspects of living in a community association:

-Clean or attractive neighborhood

- A safe neighborhood

-A maintenance-free neighborhood

-Having the association help maintain property value

Worst aspects of living in a community association:

-Restrictions on exterior home improvements

-Paying dues

 

Courtesy of Mike Patel,   

First Team Real Estate Christie’s International .   www.mikepatel.com

 714-470-8600    dre 01146880 

 

Posted in General tips
June 13, 2018

How Different Generations Make Home buying Mistakes

No matter the age or life stage, everyone makes mistakes when it comes to home buying. From picking the wrong location to buying more house than you can afford, here are the top mistakes home buyers make at every age.

20's - Getting the Wrong Mortgage 

Some young buyers get adjustable - rate mortgages (ARM) because of the low intro rate, thinking they will earn more money in the future, Before getting an ARM, buyers should consider other cost-saving alternatives, such as an FHA loan.

30's - Not Thinking About the Future

It's important to consider whether you plan to start a family in the future when you're home shopping, even if you're currently single. A downtown studio or one-bedroom condo may not serve you well in a few years.

40's-50's - Overestimating Your Budget 

Buyers in this age range tend to have more money, which can lead to overestimating their budget and your budget is a critical step for buyers of all buyers. 

 

60's and up - Falling in Love With a Vacation Home

Many homeowners in their 60's are retired or close to it. One mistake retirees make is going on vacation, falling in love with a place, and moving immediately. Relocating and buying a home is an expensive process, so retirees should be sure they familiarize themselves with a new place before buying.  

 

Courtesy of Mike Patel,   

First Team Real Estate Christie’s International .   www.mikepatel.com

 714-470-8600    dre 01146880 

Posted in Life Hacks
June 6, 2018

What Buyers Want

Buyers all ages want:

44% A 3 Bedroom Home      93% At least 2 bath 

 

Buyers 55 and older want:

28% Ranch style homes     

20% Privacy       

18% Physical comforts  

15% Stability 

 12% Contemporary style homes

 

Millennial buyers want:

17% Home that fulfills family needs

14% Stability 

10% Contemporary style

10% Colonial style

6% Ranch style home

 

Courtesy of Mike Patel,   

First Team Real Estate Christie’s International .   www.mikepatel.com

 714-470-8600    dre 01146880 

Posted in General tips
May 29, 2018

WHAT'S IN A HOME VALUE?

It's common Knowledge that location, crime and neighborhood comps can affect a home's value. But what are some of the more invisible factors that influence sales prices?

-The view angle from the backyard.

-Frontage length

-Backyard exposure to neighbors 

-Privacy 

-Backyard slope

Courtesy of Mike Patel,   

First Team Real Estate Christie’s International .   www.mikepatel.com

 714-470-8600    dre 01146880 

 

Posted in General tips
May 29, 2018

Popular Projects for Home Owners

Popular Projects

58% of Home owners plan to spend money on home improvements project this year. What are the most popular renovations?

43% Outdoors

31% Bathroom Remodel 

28% Home Repair 

26% Kitchen

16% Garage 

5% Pool

How are they paying for it?

62% Tap into savings 

30% Use a credit card

13% Use home equity line of credit

10% Other

9% Liquidate or Tap into investments

5% Home improvement loan

Courtesy of Mike Patel,   

First Team Real Estate Christie’s International .   www.mikepatel.com

 714-470-8600    dre 01146880 

 

Posted in General tips
May 8, 2018

Read About Interest Rate Impact

As interest rates increase for home buyers, not only does the monthly payment go up, but so does the amount of income needed to qualify to purchase a home. Check out this example to see how interest rates affect a buyer's bottom line. 

Interest Rate     Mortgage Payment     Minimum Qualifying Income 

3%                   $1,858                      $99,081

3.5%                $1,979                      $104,520

4%                   $2,104                      $109,522

4.5%                $2,233                      $114,683

5%                   $2,366                      $119,996

5.5%                $2,503                      $125,456

6%                   $2,643                      $131,056

6.5%                $2,786                      $136,790

Courtesy of Mike Patel,   

First Team Real Estate Christie’s International .   www.mikepatel.com

 714-470-8600    dre 01146880 

Posted in Life Hacks
May 3, 2018

Learn About Millennial's Money Habits

Despite stereotypes that millennial are foolish with money, not long-term planners, or still dependent on their parents, in truth, this generation is actually just as good, or better than other generations when it comes to managing money.

63% are saving money     59% Feel financially secure 

57% Have savings goals     54% are budgeting 

 

Top Saving Priorities

64% Emergency funds 

49% Retire

33% Buy a house 

 

Courtesy of Mike Patel,   

First Team Real Estate Christie’s International .   www.mikepatel.com

 714-470-8600    dre 01146880 

 

Posted in Life Hacks
April 26, 2018

WE DID IT AGAIN!

We just wanted to let you know 15863 Ninya Avenue in Moreno Valley just SOLD!

For Complete Details and Description Please Click Here

Property Description:

Terrific home offering great curb appeal with a Sparkling Pool & Spa. The Home shows great and offers a bedroom and bath on the main floor. The kitchen also has a convenient pantry. Area's on the main floor features Tiles and carpeting. The kitchen offers ceramic counter tops. There are 2 additional bath rooms upstairs and featuring a Master bedroom with walk in closet. The private yard offer's gardening and area to relax and to entertain.

Click Here to View Gallery and More

 

 Courtesy of Mike Patel,   

First Team Real Estate Christie’s International .   www.mikepatel.com

 714-470-8600    dre 01146880 

Posted in Real Estate