Low mortgage rates for calguners and SoCal House Selling/House Hunting Guide Service

[BrokerB]

Yes, you say your a Real Estate Broker- Financial Expert, then your website says Loan Broker. It's a bit confusing and sounds like you buy and sell real estate as well as arrange loans? That's why I asked.

[huntingsocal]

If Zillow couldn't accurately predict home prices for their own business, can they be trusted with the value of YOUR home?

Online home valuations are just one tool you have to gauge the value of your home in the market right now.

Things are changing quickly and it is a good idea to look at the market based on same criteria appraisers use when you're figuring out the value of your home

Whether you're thinking about selling, pulling cash out, transferring title or just curious what the value of your home is, PM me your address or click here and I'll put together a no cost, no pressure, number crunch for you

[huntingsocal]

Is now a good time to buy or sell a home?

I get this question a lot lately and my answer is always the same. "Maybe, depending on your situation"

The market has definitely changed with the Feds efforts to....do whatever it is they are trying to do

Mortgage rates have more than doubled from their pandemic lows, inflation has surged and the economy is in a recession but it isn't all doom and gloom

Here are some things to take into consideration if you're thinking about buying or selling a home

Buyers:
According to Moody's Analytics, the rental market hit its highest point in 20 years in Q4 of 2022

Generally speaking, rents go up, mortgage payments remain fixed (unless you have an adjustable rate)

With a cooling housing market, sellers are more willing to negotiate price, closing costs and/or repairs

Buyers aren't having to waive inspections in order to compete with other offers

Higher rates have pushed many buyers to the sidelines which means less competition for people who are looking to buy right now

People who do buy right now with a higher rate, may have the opportunity to refinance when rates come down

Houses are sitting on the market longer which means you'll have time to THINK and make a decision without being rushed

Sellers:
There still aren't many homes on the market which is protecting the value of your home even in the face of higher interest rates

Interest rates seem to have stabilized and may begin a downward trend if inflation continues to come down. Lower rates will bring buyers off the sidelines and back into the market which will be supportive of prices

We're not seeing the insane appreciation rates of 2020 and 2021 but we're also not seeing a 'crash' when it comes to value. Many home owners are still sitting on a significant amount of equity

Yes rates are higher but down payment trumps interest rates if you have enough equity

It can still be possible to keep your payments low on a new purchase if you're putting a big enough down payment from your sale.


So, depending on your situation it might be a good time to buy or a good time to sell.

If you're thinking about pulling the trigger on a purchase or a sale message me or give me a call. We can crunch the numbers and see what the possibilities are. Maybe it makes sense, maybe it doesn't. Check my reviews in this thread and you can feel comfortable knowing that I'm not a pushy salesman who is going to call you every day for the next six months to bug you about buying or selling or getting a mortgage.

Let's have a strategy session, put a plan together and when you're ready my team and I will work with you to make the process as hassle free as possible.

Micah Peterson, Independent Real Estate Broker and Finance Expert
visit my website here for some more info about my services
check out my itrader and you can also see what others are saying about me here on Google
D.R.E. 01366504
I.R.E.C. #DB50747
NMLS 361312

[huntingsocal]

Rates Aren't Great, But People Are Still Buying And Selling

While it seems there is little to no relief when it comes to rates or house prices, people are still managing to buy and sell homes in the current market.

Experience shows me that people are often surprised that they can still get into their 'comfort zone' especially when selling a home and using those funds to buy their next home

If you are thinking about buying or selling a home, even if it is months down the road, message me for a no pressure number crunch and we can see where you're at, and what it takes to get you where you want to be

Micah Peterson, Independent Real Estate Broker and Finance Expert
visit my website here for some more info about my services
check out my itrader and you can also see what others are saying about me here on Google
D.R.E. 01366504
I.R.E.C. #DB50747
NMLS 361312

[huntingsocal]

Bought A Home In 2023?

Howdy everyone, been a while since I've been on and glad to see the site is up and running smoothly!

Mortgage rates are coming off of 20 year highs and the more reports that come out showing inflation is cooling off and/or the job market deteriorating, the more likely we will see mortgage rates come down. Of course, the numbers are going to be heavily skewed as evidenced by the massive negative revisions to the jobs numbers but perhaps at some point, reality will trump phony numbers and the markets will react accordingly

For those of you who bought homes recently, this means there might be an opportunity on the horizon to refinance to a lower rate and save some money

It might not pencil out right now, but NOW is the time to get ready

Text or email me for a no pressure number crunch and some tips on getting your ducks in a row to maximize your advantage when rates dip enough to save you some money.

I can help statewide in Idaho and California

Micah Peterson, Broker
NMLS 361312
562-652-8993
micah@lifesourcemortgage.com

[OCGunFan]

We've done 3 transactions with Micah, he's the most reliable, honest and straightforward realtor I've dealt with in 30 years. The beautiful thing about dealing with him is you never have to worry if the deal is done right. In the last 3 years I've been dealing with dozens of realtors after my mom died, leaving behind an absolute disaster for me to clean up. Micah is the only realtor I trust and he's proven to be the most professional, accurate and reliable realtor I've known.

[huntingsocal]

We've done 3 transactions with Micah, he's the most reliable, honest and straightforward realtor I've dealt with in 30 years. The beautiful thing about dealing with him is you never have to worry if the deal is done right. In the last 3 years I've been dealing with dozens of realtors after my mom died, leaving behind an absolute disaster for me to clean up. Micah is the only realtor I trust and he's proven to be the most professional, accurate and reliable realtor I've known.

Thanks OCGunFan! It has been a pleasure all three times.

I've been off calguns for a while but always happy to help a fellow calgunner with ANY mortgage or real estate related questions, covering California and Idaho

Best to reach out direct as I'm not checking PMs like a used to

CA: 562-652-8993
ID: 208-243-9695

DRE 01366504
DB50747
NMLS 361312