November 2015

There are 27 blog entries for November 2015.

 

Click to download the PDF

First Team’s Weekly Mortgage Watch (November 29th, 2015) this week highlights the following updates:

  • Mortgage rates continued to drift sideways last week, with mixed economic news providing little clarity or predictive insight into the next, heavily-discussed, Federal Reserve meeting. 
  • On the positive side, third quarter GDP was adjusted upward to 2.1%. While this does represent growth, it is still only half of last quarter’s strong 3.9%, and below the economy’s theorized “natural” growth rate of 2.6%.
  • New Home Sales rebounded a strong 10.7%. However, on a more somber note, Consumer Confidence dropped back, giving some pause to hopes for a strong Christmas shopping season.
  • This week, the spotlight is on the

House flipping still remains a potentially lucrative endeavor that many investors in the 2000s likened to day trading. In order to get the most out of your house flipping investment, make you avoid the following flops that could waste both money and time.

Underestimating Costs

This is probably the biggest mistake made by would-be house flippers. Property acquisition is one thing, but it's important to keep in mind that a price that looks good for an immediate living area, is usually not a good price to pay for a potential flip.

The point of flipping is to add sweat equity to a house that needs it, and then resell it. The key to avoid this is to make sure you are factoring in all costs in when looking at a base price.

Not Considering Comps

According to a recent study by the National Association of Realtors, 27% of real estate agents spent between $501 and $2,000 on technology in the past year. In isolation, this may seem like a high amount, but businesses across all sectors should be willing to invest in technology as needed, regardless of their budget.

The Internet has revolutionized the way in which agencies are able to conduct business, opening up various marketing and communication channels, and it is vital to take advantage of this to engage today's clients.

The more opportunities a real estate agency has to reach clients, the greater their chance to enhance sales. To make the most of today's technological advantages, real estate agents must be open to experimentation and

If you are planning a relocation or need to buy or sell an estate, you probably stumbled on the term sale contingency. Wondering what it means? In the broader sense, contingency means a possible negative economic event that may occur in the future, but is not likely. A contingency is used as a way to plan and mitigate certain financial risk by assuming a worst-case scenario.

A home sale contingency is a standard contingency clause included in the real estate contract or an offer.  With this clause in place, the transaction depends upon certain criteria, most commonly, the sale of the buyer’s estate. If the home sells by a specified date, the deal can move forwards. If, however, the house doesn’t sell the buyer can back out of the sale.

Here is what

Click to download the PDF

First Team’s Weekly Mortgage Watch (November 22nd, 2015) this week highlights the following updates:

  • Mortgage rates held steady last week, as we barrel toward the next Fed meeting. Most analysts agree that the market has priced in a high probability of a Fed Rate increase. However, we continue to experience mixed data. 
  • The Leading Economic Indicators climbed upward, while Industrial Production pressed downward. While there are many tools that the Fed can use, the Fed Fund rate is one of the primary tools that the Fed uses to throttle economic activity to help hold inflation in place. 
  • So, with inflationary pressures running slightly below the Fed’s “speed limit” of 2.0%, and less-than-stellar economic growth,

Wishing you had a bigger kitchen and an open layout to accommodate all of your holiday guests? Look for dream home this weekend at open houses this weekend in Orange County, you just might find exactly what you're looking for...

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: According the Weekly Mortgage Watch, rates are climbing and a Fed rate hike is expected next month. If you're considering buying, the best time to do it is now before a rise in

Is your home feeling too small for all the upcoming holiday celebrations? Start shopping for something bigger and better at open houses in Los Angeles County this weekend. 

 

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 to see homes 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: Take a break from buying and relax with a

While you're out getting your first round of Thanksgiving groceries, stop by a First Team open house in the Inland Empire. Explore Riverside and San Bernardino Counties real estate inventory this weekend!

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. Find an agent online 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: Mortgage rates have been creeping

Thanksgiving is exactly one week away and the sooner you start planning your menu, table settings and details, the smoother your holiday will be. That's why we rounded up the very best make ahead recipes, holiday hacks and time saving schedules to make sure your big day is on schedule and on point - as it should be. 

For more tips on how to make your Thanksgiving unforgettable, check out our round up of ingenious ideas from last year. 

Make one (or all) of these delicious make ahead recipes

You don’t have to make everything ahead of time but pick and choose what you want to make your Thanksgiving Thursday that much less hectic.

1. Triple Herb Overnight Dinner Rolls

These bad boys take 20 minutes to make the night before then they rise

Northern California with Napa, Sonoma and Santa Barbara is officially wine country but did you know there are actually 10 wineries right here in Los Angeles County? If you're in the mood for some vino, here's where you should go for a tasting right here in L.A. 

San Antonio Winery

2802 S Milliken Ave
Ontario, CA 91761
sanantoniowinery.com

Image: Flickr

San Antonio Winery is LA’s only producing winery. Come take a complimentary wine tour any day of the week featuring 3 wines from the winemaker’s weekly selection. Have a taste of the renowned Riboli Family of Wines or sample from the selection of fine wines curated from all around the world. On site there is also the Maddelena Restaurant, bistro and private events and banquet rooms.