THE BLOG

11
Sep

International Real Estate Opportunities

Nicole MacDonald helps her clients live exceptional lives by providing international connections and referrals.

Delivering global opportunities with Coldwell Banker President Mexico, Philip Hendrix; Coldwell Banker Broker serving Cabo to La Paz, Leticia Diaz Rivera; Coldwell Banker President Orange County and San Diego, Jamie Duran; Coldwell Banker Manager Newport Beach, Debbie Lewandowski; and Coldwell Banker Newport Beach Luxury Property Specialist, Nicole MacDonald.

With 80% of the buyers in Baja Mexico coming from California and a large number of buyers coming from Mexico to buy here, this relationship is priceless!

Need an excellent agent referral anywhere in the world…contact Nicole MacDonald at (949) 500-9905.

10
Sep

4 Reasons to Buy a Home this Fall

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise  CoreLogic’s latest Home Price Insights report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.1% over the next year.  Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase  Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have already increased by half of a percentage point, to around 4.5% in 2018. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by half a percentage point to around 5.1% by this time next year.

An increase in rates will impact your monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage  There are some renters who have not yet purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage– either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home which you can then tap into later in life. As a renter, you guarantee your landlord is the person building that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

 

Source: Keeping Current Matters, 9/10/18

10
Sep

5 Reasons You Should Sell This Fall!

1. Demand is Strong.

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country.  These buyers are ready, willing, and able to purchase…and are in the market right now!  In fact, more often than not, multiple buyers end up competing with each other to buy the same homes.

2.  There is Less Competition Now.

Housing Inventory is till under the 6-month supply needed for a normal housing market.  This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.  This is good news for homeowners who have gained equity as their home values have increased.  However, additional inventory could be coming to the market soon!

Historically, a home owner stayed in their home for an average of six years, but that number has hovered between nine and ten years since 2011.  Many homeowners have a pent-up desire to move as they were unable to sell over the last few years because of a negative equity situation.  As home values continue to appreciate, more and more homeowners will be given the freedom to move.

The choices buyers have will continue to increase.  Don’t wait until this other inventory comes to the market before you decide to sell.

3.  The Process Will Be Quicker.

Today’s competitive environment has forced buyers to do all that they can to stand out from the crowd, including getting pre-approved for their mortgage financing.  This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping.  According to Ellie Mae’s latest Origination Insights Report, the average time it took to close a loan was 44 days.

4.  Great Time to Move Up.

If your next move will be into a premium or luxury home, now is the time to move up!  The abundance of inventory available in these higher price ranges has created a buyer’s market for anybody looking to purchase these homes.  This means that if you are planning on selling a starter or trade-up home, your home will sell quickly AND you’ll be able to find a premium home to call your own!

According to CoreLogic, prices are projected to appreciate by 5.1% over the next year.  If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payments) if you wait.

5.  It’s Time to Move on With Your Life.

Look at the reason you decided to sell in the first place and determine whether it is worth waiting.  Is money more important than being with family?  Is money more important than your health?  Is money more important than having the freedom to go on with your life that way you feel you should?

Only you know the answers to the questions above.  You have the power to take control of the situation by putting your home on the market.  Perhaps the time has come for you and your family to move on and start living the life you desire.

This is what is truly important.

 

Article source: Keeping Current Matters dated 9/3/18.

02
Sep

Happy Labor Day! Your Real Estate Transaction shouldn’t be hard work.

Nicole MacDonald makes your process stress-free.  Let us do the work, so you may enjoy your life.  With 24-years of experience, we have the knowledge and tools to succeed through any challenge.  We protect your best interests, and earn you the best deal financially.  We know you have a busy life, and will take care of your real estate transactions with the greatest of ease.  Contact us today at (949) 500-9905 or nicole.macdonald@sbcglobal.net for personalized service.