Coastal Premier Properties Welcomes Bruce Orona!

Coastal Premier Properties is pleased to welcome Bruce Orona! Bruce will be working out of our Del Mar office.

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Bio:
Bruce Orona attended UCSD and graduated in Economics/Marketing. He has been in the real estate field for over 35 years as a broker, lender, and property manager. He has sold residential and commercial properties all over California and will be licensed in Nevada and Arizona soon.
He is first in customer service always taking care of all his clients with excellent service and care for their real estate needs. He also has a strong background in real estate development and renovation being an ex general contractor. He knows all aspects of what needs are necessary for a good property to buy and sell. He lives in La Jolla/UTC area now and lived in Del Mar for 15 years.

Click here to contact Bruce! For more about Coastal Premier Properties, visit our website!

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Coastal Premier Properties Welcomes Carlos Mauricio!

Coastal Premier Properties is pleased to welcome Carlos Mauricio! Carlos will be working out of our Carlsbad office.

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Bio:

Choosing the right real estate agent that is committed and dedicating to assisting you when buying or selling your home is crucial. As a former educator, my top priority was to advocate for my students. It taught me patience, organizational skills, and a focus on strong listening skills. As your realtor that same passion of advocating for my clients will always be a top priority during each transaction.

 Whether buying or selling, my goal will be to understand your needs, promote your best interests, and work hard for you. Knowing that this process can be stressful, as a full time real estate agent, my aim is to make your experience stress-free as possible. With that goal in mind, I would like the opportunity to assist you in the search for your dream house, or as a seller help you get the most value for your home.

I lived in Carlsbad with my family for a while and recently moved to Encinitas with my wife and two children. We love watching soccer and taking the children to music class every weekend. I am fully bilingual y Hablo Español !

Click here to contact Carlos! For more about Coastal Premier Properties, visit our website!

Coastal Premier Properties Welcomes Monika Mehran!

Coastal Premier Properties is pleased to welcome Monika Mehran! Monika will be working out of our Del Mar office.

Monika Mehran Welcome

Click here to contact Monika! For more about Coastal Premier Properties, visit our website!

Coastal Premier Properties Welcomes Stephanie Richards!

Coastal Premier Properties is pleased to welcome Stephanie Richards! Stephanie will be working out of our Carmel Valley office.

Stephanie Richards Welcome

Click here to contact Stephanie! For more about Coastal Premier Properties, visit our website!

7 Secrets Real Estate Pros Know to Get the Best Deal on a Home

  When it comes to buying a home, everyone wants the best property they can find for the least amount of money possible. To make this seemingly impossible dream a reality, there are some steps you should take to get the best deal out there. Start by doing your homework and researching property values in the area, then time your move wisely. Here are tried-and-true tips to get the best deal on a home.
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1. Do your homework before you start looking at houses.

It might sound boring, but if you don’t know if you’re pre-approved for a mortgage and if you don’t have your paperwork in order, you could miss out on a great house. Usually everyone is all over a good deal, so you want to be prepared to make an offer quickly if necessary. This paperwork takes time, and if it isn’t ready to go, you could miss the window of opportunity. You also need to make sure you can afford the property to begin with, too!

2. Consider buying a fixer upper.

If you’re young and looking for a first home, you might not want to go all-in on a more expensive, move-in-ready place. You can save a lot of money by looking at a house that has great bones but needs a superficial facelift. Look at the potential and be willing to update that pink bathroom. Plus, remodeling the room may allow you to up the price even further when you eventually go to sell the property.

3. Look at the values of other properties in the area.Related image

While you need to take the property values you see on real estate sites with a grain of salt, work with your agent to evaluate the prices in the area. Check out pictures, look at materials and finishes in the home, think about lot size. Be really critical and take everything into consideration, because all of it impacts the price of the home. And remember: while it’s not in an agent’s best interest to overprice a house they want to sell, doing this research beforehand can help you negotiate a price.

4. Have your agent explain your offer.

After doing all that research, there is a reason why the price you decided on is what it is. Make sure that this reasoning is communicated to the seller. I like to put a personal touch on the offer and write up a little something about how we landed on the number we did. You want to start a dialogue and not just go in with a blanket statement.

5. Check how long the property has been on the market.Image result for how long property on market

 

People usually want to sell their homes in a timely fashion, so it should raise a flag if a property has been on the market for six months to a year. Have your agent call and see what’s up with the house. Don’t be afraid to make an offer, though! You want it to be fair, but when a house has been sitting that long, you never know what someone would be willing to take unless you ask.

6. Look to buy in late fall or winter.

There are definitely more popular times of year to list or look for a home. Surprisingly, the spring market can start as early as right after Super Bowl Sunday. Everyone is trying to buy in the spring, but the late fall is the most underrated time of year. You can find great properties because sellers are eager and want things wrapped up by the holidays. Plus, many buyers aren’t willing to move during the winter, so you’ll have less competition.

7. Make sure you have good credit. 

 

Mortgage companies will reward people with better credit. Shop around and make sure you’re getting the best rates and packages for your unique situation. Look at roughly three different options. You’ll also want to get the help of an experienced mortgage broker. Have credit in order (680 and above), employment history, and income ready to go. If these factors aren’t in good standing, you could end up paying higher rates.

Coastal Premier Properties Welcomes Lexi Gustin!

Coastal Premier Properties is pleased to welcome Lexi Gustin! Lexi will be working out of our Carmel Valley office.

Lexi Gustin Welcome

Bio:

Lexi Gustin is 28 years old and a resident in La Costa. She has a health and fitness background and is licensed in esthetics. Lexi’s nationality is Lebanese/Italian and some of her hobbies outside of work include singing and opera. She is a loving mother of one. Lexi actively involves herself in a number of charities for animal rescues and adopting from shelters.

Lexi knows that buying/selling property is not a walk in the park. She can help provide a smooth transaction while getting you the best deal possible. Lexi believes in the importance of helping clients understand the ins and outs of the real estate process and is determined to fulfill this task to the best of her ability. She is ready for any and all real estate questions you might have. Give her a call today!

Click here to contact Lexi! For more about Coastal Premier Properties, visit our website!

Buying a House in 2019: Things You Need to Know

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Buying a house is a minefield full of “I didn’t know thats.” From choosing the right home to qualifying for the best mortgage, you want to minimize the things you don’t know.

So let’s lower your “didn’t-know” ratio. With a shifting lending landscape, unpredictable interest rates and down payment priorities based on your local market, here’s what you’ll need to know about buying a home this year.

 

 

What’s the first step to buying a house?

With acute shortages of homes for sale in so many markets throughout the nation, getting a pre-approval for a home loan is more important than ever. Cash buyers used to give sellers confidence that a deal would close quickly, but fewer cash buyers are shopping right now. And when houses weren’t in such short supply, buyers didn’t face the pressures of intense seller’s markets.

With a lender lined up and a pre-approval letter in your pocket, sellers know you’re serious. With a pre-approval, sellers feel comfortable that, ‘Hey, this guy is a legit person who is going to buy and close.’ Prospective buyers need to immediately start with the lender. See what you can afford and see what your hurdles are going to be. Shopping for homes before gaining a loan pre-approval can be a big home buyer mistake. Some buyers don’t realize how many underwriting deal breakers that can hijack — or significantly delay — getting a mortgage there are.

Those home loan approval pitfalls can include issues with student loans, significant recent cash deposits, and the manner in which self-employed income is reported.

 

How much house can I afford?

‘How much house can I afford?’ is the first-time home buyer question. We offer a rule-of-thumb to help.

Instead of telling them about debt-to-income ratios, first-time buyers better consider three times their income as a starting point. So, if you and your spouse have a combined annual income of $110,000, most likely $330,000 will be your price range, plus or minus a couple of percent. But rather than guessing, you can simply take the first step — talking to a lender.

 

What’s up with interest rates?

Another change impacting the real estate market is interest rate volatility. Many experts predicted rates to steadily rise throughout 2019, yet so far 30-year mortgage rates aren’t far from where they were a year ago. At this point, it’s not clear where they’re headed over the next 12 months.

In fact, more than a third of Americans say they plan to buy within the next five years — and nearly one-fourth of those prospective buyers say they’ll buy in the next 12 months, according to NerdWallet’s 2019 Home Buyer Report.

 

What credit score do I need?

A credit score of 620 is typically the minimum that mortgage lenders are looking for, though some lenders will go as low as 580 or below.

What we see is that average credits are usually 620 to 680, very good credits are 680 to 740, and if you’re over 740, you’re spotless.

 

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How much do I need to put down on a house?

People still think they need 20% down. Three percent down, 5% down are the ways people are buying homes. Ten percent down is the average in the nation right now. You don’t need 20% down to buy a home. It’s the biggest myth out there.

20% down — especially in a tight market — is going to come into play. If somebody else has 10% and you’ve got 20, that’s going to be a factor. Listing agents will usually advise sellers to go with the buyer who has the most cash on the table.

 

How long does it take to buy from start to finish?

You know what’s changed in the last three years in mortgages? Speed to closing is more important now than ever.

Application-to-closing times are shrinking. For the 12-month period ending in January 2019, average closing times for purchase and refinance loans combined were about 43 days, according to Ellie Mae, a mortgage industry technology provider.

For refi loans alone, the average was about 40 days. For the same period in 2015-2016, the averages were 46 days for all loans and 47 for refis.

 

The best real estate deals allow everyone to shake hands and walk away from the table feeling like a winner. And in what looks to be another year of uncertainty, disappointment and just plain incivility, spreading a little extra goodwill during the negotiations and at the closing table seems like a very good idea indeed.