Active Open House

It was a beautiful Saturday afternoon in Eastside Costa Mesa, where I gave local buyer’s their first look at my new listing: 2400 Elden, #15.  Buyer’s oohed and aahed over the coastal chic vibe in the open floor plan. This townhome would make a wonderful home or rental located in this high demand high rent area. Priced at $529,000.


Extending a Hand to Youth

I am looking forward to the volunteer opportunity I have this Saturday.  I believe, as an experienced business person, it is essential to help young people entering the workforce.  There is opportunity in knowledge, and one needs all the opportunity that can be obtained when getting started in one's career.  I am so grateful for the impartation of knowledge I have receive from others over the years, I hope that I am able to reciprocate that this weekend.


From inventory to rates to prices, conditions are lining up in your favor.

If you’re like most people looking to list your home, you’re looking at the market weighing the right moment to move. As one of Southern California’s top real estate agents over the past three decades, I’ve been studying the market closely for years. And the trends are clear: the time to seize the market is now, before rates go up or price trends change. I’m here to help. If you have questions or concerns, let’s talk. Call me to schedule your complimentary, no-strings consultation. 


Mortgage Rates – The Time to Sell & Buy is Now

With mortgage rates reportedly on the rise, it is more important than ever to inform clients about how low mortgage rates still are compared to past years.  Home buyers that decide to wait for rates to drop a mere quarter of a percent run the dangerous risk of seeing rates adjust back up to the historical averages and pricing themselves right out of the market.  Also, home buyers and sellers often focus too heavily on home prices with very little thought about mortgage rates.  They only concern themselves on the price they pay for a home, or the price that they are able to sell their home for.  Mortgage rates become just an afterthought.  Yet now more than ever rising mortgage interest rates should be more of a concern than rising home prices.  After all, home sellers that wait a year for values to rise to get an extra $5,000 to $10,000 for their home may find themselves turning around to buy their next home with mortgage rates 1% to 2% higher by then.  This would amount to paying an extra $50,000 to $100,000 over the life of a normal 30 year amortized loan.  Which is precisely why the time to buy or sell a home is now.

Annual Mortgage Rates

The infographic provided courtesy of Keller Williams Realty International  illustrates that for more than 40 years the average mortgage rate has been 8.5% according to data provided by Freddie Mac.  With average mortgage rates slowly trending up over the last 3 years, it is reasonable to assume that waiting to buy or sell poses a significant financial risk.