First Team Real Estate Blog

It's summertime and the livin's easy in LA with dozens of events in Los Angeles County this June 2017. Whether you're looking forward to nerding out at E3, filling up at LA Dessert Fest or busting a move at Arroyo Seco Weekend, there's tons of fun waiting.

Outdoor Movies

Street Food Cinema

streetfoodcinema.com

These Saturday night movie events include a live music, movie and food trucks.

June 3rd: Rogue One: A Star Wars Story @ Victory Park Pasadena
June 3rd: 500 Days of Summer @ Will Rogers State Historic Park at Pacific Palisades
June 10th: Beauty and the Beast @ Park Center, Griffith Park
June 10th: Purple Rain @ Poinsettia Rec Park, West Hollywood
June 17th: Raiders of the Lost Ark @ Eagle Rock Rec Park, Eagle Rock
June 17th: Hocus

The best kind of festival is a summer festival (in our humble opinion), and this June there are TONS going on across Orange County. From free concerts to carnivals and beer festivals, this summer has so much to offer. Check out the list of events in Orange County this June 2017, pick your favs, and start preparing for summertime!

Summerfest Brea 2016

Friday, June 2nd – Sunday, June 4th
summerfestbrea.org

Over the past 30 years, SummerFest has grown to become the largest community event in North Orange County. The 3-day carnival with food, family, live music and fun is one of the largest community events in North Orange County. Bands performing this year will be Mick Adams & The Stones, as well British Rock Royalty (a tribute to The Who, Queen,

Spring buying season is upon us; an exciting time for homebuyers who are ready to make the real estate plunge. Mortgage rates have remained steady and low (about 4%) according to the lastest Weekly Mortgage Watch, providing more buying power for today's house hunters. However, there are a few key things buyers need to be prepared for in order to make the most of this exciting real estate season. 

Underestimating the competition

Demand is up and inventory remains below average. In real estate, demand is generally judged by months of available inventory based on closed sales.  A normal or neutral market has 3-6 months of inventory. Determining a buyer's vs. seller's market therefore is whether that inventory is above or below the norm. 

According

If you have recently purchased your first house and it's a fixer-upper, then you're probably excited about putting your personal stamp on your home. Renovations allow you to design a house that fits your needs and personality, while also improving the overall value. However, watch out for the four following pitfalls that can destroy your budget, and the ultimate plans for the house.

Spending Too Much on Low-Impact Pieces

You will want to carefully budget before beginning your renovation, making sure to budget for around 15 to 20 percent more than the hard numbers that you give any contractors you hire. However, even within these increased budgetary strictures, you may find that it is quite easy to overspend in certain rooms.

While it can be good

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (May 21st, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Despite some strong economic data, mortgage rates were unable to move upward, last week. 
  • Industrial Production leapt upward by a solid 1.0%, the largest increase in over three years. 
  • While Housing Starts did slip slightly, homebuilder confidence remains very high. The LEI also increased another 0.3%, notching its eighth consecutive increase. 
  • However, it seemed that every news cycle was dominated with trouble for the new presidential administration. It appears that the probability of many of the “pro-business” legislative actions is getting pushed further out with each new revelation.
  • This week is

We're so excited, and we just can't hide it. There are nearly 200 open houses in Orange County and we like it. You'll be singing the same tune once you get out and see this great new inventory for yourself. 

 Orange County

View all First Team Orange County Open Houses

Make the most of your home search this weekend by teaming up with a real estate agent. Search for an agent on our site or reach out and we’ll match you up with an agent today to be house hunting with you tomorrow.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

HOME BUYER TIP: Rates are sitting pretty at 4.05% according to the Weekly Mortgage Watch. Your buying power is looking good with these steady, low rates, which means it's time to make your move. 

You've got a date with LA real estate this weekend at open houses in Los Angeles County. Don't stand 'em up. That would just be rude.  

LA COUNTY

View all Los Angeles County Open Houses

If you’re going shopping for a home this weekend, the smartest plan is to have an agent by your side. An agent can help you act fast when you find the perfect home, and answer all of your burning home buying questions. If you have questions before you head out or would like to team up with an agent, find a First Team agent online or reach out and we’ll match you with a top agent near you.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

HOME BUYER TIP: Rent-to-own can be a great way to get into a home sooner rather than later. It can

All systems are go for open houses this weekend in Riverside and San Bernardino Counties. Your real estate goals are taking off this summer, we just know it. 

RIVERSIDE COUNTY

View all Riverside County Open Houses

SAN BERNARDINO COUNTY

View all San Bernardino County Open Houses

If you have any questions about open houses, the real estate process, or your local market, just ask a real estate agent. It’s literally their job to help you find a house and some happiness at home. Search online for an agent near you or contact us and we’ll match you with an agent in your area.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

HOME BUYER TIP: We've been watching mortgage rates and you should know, they're not rising.

If you are looking to sell your home within the next year, it is important that it looks good from the outside. This is because the exterior is the first thing that people will see when they drive by the property or see a listing online. What are some easy and affordable exterior home projects that can make it easier to get your house off the market quickly? 

Put Up New Siding

Average Job Cost: $16,761
Average Resale: $14,097
Cost Recouped: 84.1%

According to the 2017 Cost vs. Value Report, new siding is a profitable remodeling project for the Pacific area of the U.S. New vinyl siding can last for several decades if it is properly installed and exposed to average weather conditions. One of the main benefits to replacing your home's siding is to

Contrary to popular opinion, millennials do actually buy homes. With that said; however, this particular population is looking for certain specific features and amenities in a primary residence, and those qualities vary from what Gen-X or the baby boomers sought out years ago.

But with more young people entering the housing market, it’s more important than ever to track the trends driving new home sales. Here’s what you need to know in order to attract this generation of younger buyers to your property and seal the deal.

Smaller Is More

First, be aware that regardless of income, millennial buyers overwhelmingly prefer a smaller home with more amenities and features over a larger home with fewer amenities. Many buyers in this demographic saw their