First Team Real Estate Blog

This september there are some seriously fun events in Orange County. Kick off the month with the Orange International Street Fair and don't miss all the music festivals, food events, beer tastings, and family fun to follow. Ranging from art and culture to food and fun, there are tons of things to do in Orange County this September 2017.

Orange International Street Fair

Friday, September 1st – Sunday, September 3rd
Fri. 5PM-10PM; Sat. & Sun. 10AM-10PM
orangestreetfair.org

Come hungry to the Orange International Street Fair because it’s all about the delicious international cuisine and you’ve got to try it all. There’s more entertainment to go along with stuffing your face including several stages with live entertainment all weekend long, arts and

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (August 20th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Retail Sales data came in strong for July, with adjustments upward for both May and June. Industrial Production also posted a reasonable increase. 
  • Weekly jobless claims posted another very low reading. However, even with what looks like decent economic data, mortgage rates remain almost unchanged. Some of this may have been due to the minutes from the latest meeting of the Federal Reserve. 
  • The notes have led analysts to believe that we may not see the start of the trimming of the Fed’s balance sheet until perhaps 2018. 
  • Without any threatening inflation concerns, we could even see an increase in the Fed

Back to school homework: Visit an open house in Orange County this weekend and work on your real estate goals. Teacher's orders. 

 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: New homeowners should expect to spend $10,600 on average within the first year of ownership. When you're figuring out how much home you can afford, don't forget to consider how much you'll want to spend on things like property alterations and repairs, new

If your summer goals included real estate, there's still time to get out there and make it happen this weekend at open houses in Riverside and San Bernardino Counties. Chat up a First Team agent at an open house this weekend and we'll help you find the perfect home.

RIVERSIDE COUNTY

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SAN BERNARDINO COUNTY

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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

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Inventory may be low but there are still dozens of open houses this weekend in Los Angeles County. Start browsing First Team open houses below and follow the link to view even more great properties all across LA County.

LA COUNTY

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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:

Have you considered selling your own home so you can save money on an expensive agent commission? Then it might be time you considered all of the facts. A new study from Collateral Analytics suggests that homeowners will net roughly the same proceeds whether they sell through a real estate agent or decide to sell on their own and take the FSBO (for-sale-by-owner) route.

Why is that? It’s because agents are more likely to achieve a higher sales prices for properties than comparable FSBO listings — enough to offset their commission fee. The study looked at more than 200,000 FSBO sales and one million MLS sales in 2016 and 2017. They defined a FSBO listing as a non-MLS listing.

“Overall it is clear that FSBOs have a low probability of selling, and

Today’s homes are much more than just four secure walls with weather-tight roofs. Instead, they comprise a great deal of comfort measures and technological advancements that make them a pleasure to reside in and keep families safe.

Buyers on the real estate market are looking for the ideal home to meet their needs, and give them a heightened sense of comfort and convenience. Smart home technology doesn’t have to be confusing,; there are plenty of great products that are easy to understand and simple to put into daily practice. Check out these three technological advancements that will help homeowners keep up with the changes in the modern housing market and appeal to all buyers when it comes time to sell.

Remote Controlled Lights and Locks

There are plenty of hidden costs of homeownership that buyers forget to account for when purchasing a home. From property taxes and homeowners insurance to closing costs, there's plenty to look out for during your real estate acquisition. According to the National Association of Home Builders, new homeowners also spend on average $10,600 within the first year of ownership on things like new appliances, furnishings and additional repairs and alterations. 

The infographic below from CAR outlines the average costs most buyers spend within their first year. You may already have a couch and dining room table, but it's a good idea to consider the additional costs that could be coming your way. 

For help budgeting for your new home purchase, work with

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (August 13th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • While last week’s decline in interest rates down to 3.90% could have been attributed to the rising tensions in Korea, the real story is probably the continued lack of inflationary pressures. 

    Economic data continues to point to a consumer-level inflation rate under the Fed’s target of 2.0%. While this certainly does give the Fed plenty of room to maneuver, it does highlight that the economy just can’t seem to get out of low gear. 
  • The market seems to remain pessimistic about the probability of any efforts out of DC that could boost the economy. 
  • If infrastructure or tax reform efforts begin to move in

Did you know that there were 5,820 homes for sale this July in Orange County? The odds are in your favor and we think you'll find something to love this weekend at open houses in Orange County. See you out there! 

 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: Now is a great time to lock in your mortgage rate. They have been stable and low at 3.93% according to the Weekly Mortgage Watch. With low rates like these, homebuyers have