How Much Is Your Real Estate Worth?

Technically a home is only worth what someone is willing to pay for it, when you are trying to price your home to sell you may want more specific guidance however. Comparative market analysis (CMA) is a standard way to price real estate to sell. When doing a CMA to price a home a broker or individual will examine the current real estate market, evaluating what is selling for what and averaging the price per square foot. Of course certain factors can affect the price of a given home, its condition, neighborhood, and upgrades to name a few.

During a hot market, when demand is high and inventory is low, a house could very easily sell for more than its value. When the market is suffering, demand is low and inventory is high, houses stay on the market longer and often go for below asking price. In any market, if you want to sell your home the best bet is to price it fairly and in accordance with current market conditions. A qualified real estate professional is the best bet for pricing your home appropriately, but in the end it will come down to what someone is willing to pay.

For more information please contact me at 818.269.5550.

You may also visit my wesbite: http://www.caroledelacruzrealty.com/

or email me at: carole@caroledelacruzrealty.com

Buying Real Estate, Is It Possible to Get a Loan?

The first step in buying a new home involves money. Determining how much you can spend is incredibly important. Examining your income and expenses and paying careful attention to your particular situation will reveal how much you can afford for a mortgage. It is extremely important to buy a home you can afford not one you would like to afford.

Once you have determined what you can afford it is a good idea to get qualified for a loan. There are banks, mortgage brokers and private lenders. Examine who will give you the best rate and the best loan. Acquiring a mortgage is a large step and doing your research is important.

There is a lot of talk about how hard it is to get a loan today. While it is true that money was being handed out very easily in the past, it is not impossible to get a loan. If you have income, can put a down payment down on a home and have good credit there is no reason that you won’t qualify for a loan.

For more information please contact me at 818.269.5550.

You may also visit my wesbite: http://www.caroledelacruzrealty.com/

or email me at: carole@caroledelacruzrealty.com