THE CO$T CONUNDRUM - Homebuyers Beware of Unexpected Costs

If you buy a new home, there is more to budget for than just mortgage and down payment. As stated in the July 2015 edition of The Epoch Times, 75% of homebuyers will face a costly emergency repair within the first 12 months of moving into their new home. Most homebuyers reported that they spend more time and money on remodel projects and unexpected damages than they initially anticipated.

Blocked toilets and pipes, a clogged train, and a broken heating or a/c system belong to the most frequent repairs within the first 12 months.

It is recommended to homebuyers to budget 1% of their home purchase price for repairs so that there is no rude awakening after close of escrow from the dream of owning a home.

Enjoy Cinco De Mayo!

Hollister Wine and Beer Stroll Coming Saturday, May 2nd

Walk through historic downtown and have a glass of Pinot or beer. Coming Saturday, May 2nd, check out charming Hollister

There Is No Bad Time to Buy A Home - All You Need Is The Right Strategy - Do You Have One?

Don't Sleep On It If You Want To Sleep In It!

#absorption rate

Millenials Discover the South County Suburbs

....and I hope that home sellers in Morgan Hill, San Martin, Hollister and Gilroy are dancing the happy dance right now because the majority of Millenials are not looking for that expensive ocean view in San Francisco or urban loft in San Jose's Santana Row - no, they are placing offers in our affordable suburban and rural neighborhoods.

Countdown to TRID - More Changes for the Lending Industry and Real Estate Business

Some important changes affecting the real estate industry, consumers, and the mortgage industry in particular will go into effect for loan applications dated August 1, 2015 and beyond.  It is called TRID and stands for TILA RESPA INTEGRATED DISCLOSURES. This major regulatory change will mandate industry-wide changes to disclosures and closing documents.  

The forms impacted by TRID include combining the GFE and TIL into one disclosure called the Loan Estimate (“LE”), and combining the final TIL and HUD into one disclosure called the Closing Disclosure (“CD”). However #TRID is more than simply new forms.  Check out the video seen at Sacramento based Scott Papapietro, www.bigvalleymortgage.com.

https://apmortgage.webex.com/apmortgage/ldr.php?RCID=793481a7c71b770423746c1172b6d082