Real Estate News, Tips & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 6, 2019

June 2019 Market Update

 

Looming talk of rate cut help stabilizing the real estate market

The US labor market saw the best job growth of the year in June,  but outside of the labor market, economic data has deteriorate significantly.   Also with the trade war warrants worries, the market are still see a 100% probability of an interest rate cut at the Federal Reserve's next meeting on July 30-31.  

Despite federal fund rate remained unchanged after June meeting,  we have seen a further drop in the mortgage interest rate.  We have seen interest rate as low as 3.75% for 30 year fixed and 3% and below for 15 year fixed.  The lowered interest rate has continue to stabilize the real estate market by driving interest sensitive buyers back into the market.  

As a result , we saw an 0.9% increase in the year over year medium sale price in June for the entire MLS up slightly from May.   With this trend continuing,  the market should be relatively steady for the next few months and possibly extending the busy summer season into early fall.  

What does it mean for the buyers and sellers on the market?  

Buyers should fully take advantage of the interest rate and lock in interest rate at less than 4% for 30 years.  With more buyers back on the market it is a great time for homeowners to take advantage of the increased market activities.  We are still seeing some multiple offers on well priced and move in ready homes.  

Let me know if there is anything in the world at all that I can help!

 

Posted in Market Updates
July 6, 2019

1345 Winterwood Ln. Diamond Bar, CA 91765

Award winning Walnut Valley Unified school district! Conveniently located Diamond Bar Home within walking distance to Quail Summit Elementary school and minutes drive from shops, restaurants and supermarket. This 1864 sq ft home features 4 bedrooms and 3 bath on a nearly 7000 sf lot with sparkling pool. Bright and airy floor plan with recess lighting throughout and a fresh coat of paint. Laminated wood floor throughout 2nd floor and family room. Kitchen has been upgraded with granite counter top and newer cabinets. All bathrooms were upgraded as well. Ceiling fans in all bedrooms upstairs and multiple balcony/deck overlooking the front and backyard. Very good size yard for the kids to play in and pool to ward off the summer heat.

 

  • 4 Bedrooms 3 Bath

  • 1,864 Square Feet of Living Spaces

  • 6,912 Square Feet of Lot

  • Built in 1974

  • Offered at $738,000

Make this your dream home!  Call Jack Ma to schedule a private showing at (909)610-5188



Find more information here

Posted in Featured Property
June 12, 2019

1522 Deer Crossing Dr. Diamond Bar, CA 91765

Settle for good in this split-level, single family home on 1522 Deer Crossing Drive, Diamond Bar, CA. It sits on an elevated lot of nearly half of an acre overlooking the scenic hills of Diamond Bar.

 With red barrel-tile roofs, this residence hints of a Spanish-style architecture. Its brick-paveed pathway, well-trimmed hedges, and professional landscaping of palm trees and shrubberies exude a charming curb appeal.

 This residence flaunts a floor area of 2,208 square feet designed with four bedrooms and four baths. Its open floor plan downstairs offers the luxury of space. The living room flawlessly melds with a sunken dining area, while an updated kitchen impresses with its elegant wood cabinetry and granite countertops.

 This home’s high vaulted ceilings and large windows combine to bring a bright and airy environment perfect for daily living.  Up the second level, behold a large master bedroom with its bathroom in exquisite marble finish. This bedroom has a retreat area too that could function as an office.

 The master bedroom, in addition, directly connects to a sprawling view deck overlooking a paved and well-landscaped courtyard. Great for parties and socials, this fenced-in courtyard notably affords the wondrous vistas of the Diamond Bar’s hillsides. The downstairs living area, which features an endearing fireplace, directly links to the courtyard as well, for a perfect setup when hosting a large gathering of family and friends.

 Living in Deer Crossing Drive puts you close to all the points of interest in Diamond Bar including its top-rated schools. Moreover, this locale is less than a mile from the Diamond Bar Town Center which is anchored on a Walmart Neighborhood Market. Located on the junction of Diamond Bar Boulevard and Grand Avenue, this town center’s quadrant additionally hosts popular restaurants and fast food chains, as well as service providers such as banks, a fitness center, and spa.

 Grand Avenue just a short distance roughly north of Deer Crossing also unlocks access to the local golf and tennis facilities in Diamond Bar. Additionally, road corridors arterial to Grand Avenue opens the gateway to the Summitridge Park and its three picturesque trail options. More vibrant lifestyle choices could likewise be easily pursued, as Grand Avenue shortly links westward to the freeway leading onward west to the urban delights of Los Angeles.

  • 4 Bedrooms 3 Bath
  • 2,208 Square Feet of Living Spaces
  • 20,775 Square Feet of Lot
  • Built in 1978
  • Offered at $828,000

Make this your dream home!  Call Jack Ma to schedule a private showing at (909)610-5188

Find more information here

Posted in Featured Property
June 1, 2019

Should you Buy a Resale or a New-Build?

If you're thinking about buying a new home, you may be considering purchasing in a new development.

 

       

How does that compare to purchasing a resale property?

       

Buying a newly-built home has some advantages. Depending on the development, you may have leeway in the style of the home and the lot you choose. Also, when the home is built, you'll be moving into a place where everything is brand new!

       

On the downside, however, you may be forced to make a decision based purely on marketing brochures and floor plans. Unless there's a model home just like the one you want, you'll be buying sight unseen. Also, there may be unpredictable construction delays — an unpleasant experience if you've already sold your current property.

       

Of course, buying a resale home may also have a downside. For example, the house might need work, such as a new roof. What you see is pretty much what you get. And, that’s true for the floor plan too. You can't ask for the living room to be five feet wider, unless you decide to renovate.

       

On the other hand, a big advantage of a resale home is moving into a neighbourhood that is already there for you to see and explore. Unlike in a new development, you can get a very clear idea of what it’s going to be like to live there.    

       

Plus, you get to see the house too!

       

Regardless of which way you go, I can help you make the best decision and find the home that's perfect for you. Call Jack today at (909)610-5188.

 

 

Posted in Buyer Tips
June 1, 2019

Stay or Move? 5 Questions that Help you Decide

It can be tough to make the decision to sell. In fact, for many homeowners, it's overwhelming. If you're considering making a move and struggling with the decision, here are five helpful questions to ask yourselves:

       

1. "What are our practical reasons for selling?"

       

This question refers to what you'll get by moving to a new home. The reasons could include a bigger backyard, shorter commute to work, an extra bedroom, a more desirable neighbourhood, etc.

       

2. "What are our emotional reasons for selling?"

       

This question refers to how you'll feel about living in a new home. For example, you might feel safer, less cramped, less worried (because the local schools are better), or happier (because the shorter commute means more time with your family.)

       

3. "What type of new home can we afford?"

       

This question involves finding out how much you'll likely get when you sell your existing home and how much of a mortgage you qualify to receive. With that information, you'll have a price range within which you can comfortably shop plus a clear idea of what your mortgage payments will be. 

       

4. "In what ways will our lifestyle be better in a new home?"

       

This ties in closely with emotional reasons for selling. It relates to what your life will be like in a new home. Try to paint a picture in your mind. For example, you might want to be able to spend Saturday afternoons relaxing in your bigger backyard or Sunday nights entertaining friends and family in your larger living room.

       

5. "What else do we need to know before we decide to sell and move?"

       

Sometimes people are hesitant about selling simply because they have unanswered questions. So, if there's any part of the selling and buying process that’s not clear, be sure to ask me.

       

Did thinking about these questions help make the decision easier? If you need more help or want to talk about your decision, call Jack today at (909)610-5188!

Posted in Seller Tips
May 20, 2019

Budgeting for Moving Day Expenses

On moving day, you'll have a big task. You’ll need to get your possessions from your old property to your new one — ideally without delays or damage! Surprisingly, many people underestimate the time and costs involved in doing that. Careful planning and budgeting are crucial to ensuring moving day goes smoothly.

You basically have three options:

  1. Hire a moving company to handle everything.
  2. Hire a truck and crew, while doing some of the work yourself. (For example, you can pack and help with loading.)
  3. Do it all yourself by renting a moving van and getting friends and family to help.

If you're going with option one, get quotations as early in the buying/selling process as possible. Services, costs and quality vary widely among full-service moving companies.

If you're going to do some or all of the move yourself, the best place to start is by making a list of what you'll need. In addition to renting a moving van, or hiring a truck and crew, there are many supplies you may require. For example, you’ll need boxes, protective fill and/or wrapping (i.e. bubble wrap), markers for labeling boxes, packing tape, and more.

You may decide to rely on friends to help load the truck on moving day. That's fine. Just be sure you have enough people to do the job within a reasonable timeframe, and confirm everyone's attendance at least a couple of days before.

Posted in Buyer Tips, Seller Tips
May 6, 2019

When you see a home you love

 

Imagine driving through a desirable neighborhood and, just as you turn a corner, you see the absolutely perfect home. Guess what? It's for sale! But, there’s a problem. Your current property isn't on the market. In fact, until this moment, you hadn’t seriously considered moving.

So what do you do?

Your first step is to find out more about the listing. Get a description of the property. Find out the listing price. Check out the size, layout, number of bedrooms and other features. If it all looks good, schedule a viewing.

Chances are, you can do all that in less than a day.

If you go to see the property and still love it, your next step is to determine if it fits within your budget. To do that, you'll need to quickly find out the Current Market Value of your home — what it will likely sell for — so you can determine how much money you'll have available after your outstanding mortgage and any other costs are deducted. It’s a smart idea to speak to your lender about getting a pre-approved mortgage at this point too.

Next, you'll need to make an offer on the new home. Depending on the competitiveness of the neighborhood, and the likelihood of multiple offers, you might need to list your home first. That, along with a pre-approved mortgage, will make your offer more credible.

You might end up buying the new home before your current property sells. Although that might cause some jitters, this scenario happens all the time in real estate. If you do the right things, and prepare your home properly, there's a good probability it will sell in time and that everything else regarding the two transactions will go smoothly.

But, you do need to move quickly and make some fast decisions if you want to get that perfect home.

I can help. Call me. 

Posted in Buyer Tips
April 22, 2019

Getting an Early Start on Selling your Home

You've probably heard the expression, "The early-bird gets the worm." It refers, of course, to those who get in early and reap the rewards. For example, if you arrive early to a retail store for a big blowout sale, you're likely to get the deals before the inventory runs out. The stragglers who come later miss out.

Well, this same wisdom can be applied to selling your home. Starting the process early — even if that means simply doing some initial planning — gives you the edge in several ways.

First of all, you get extra time for preparation. That means you can get your home cleaned, uncluttered and staged without feeling rushed. You also get more time to find out how much your property will likely sell for on today's market. That's important information, especially if you're also looking to finance a new home.

Secondly, there's less stress. You'll have more time to make the right decisions. The last thing you want is to be scrambling around, last minute, trying to get your home ready for sale.

Finally, with your initial preparations done, you'll be able to put your home on the market at a moment's notice. That's a huge advantage that's likely to lead to selling your property more quickly and for the best price. In fact, by getting an early start on the process, you might even find that right now is the best time to list -- and you'll be able to do so, with confidence.

Want help getting an early start on selling your home? Call me today at (909)610-5188 or Email me at Jack@JackMaRealtor.com

Posted in Seller Tips
April 11, 2019

Home For Sale: 1233 E. Maplegrove St. West Covina, CA 91792

Perched on an elevated site, higher than the surrounding properties, sits this three-bedroom, two-bath home. Set behind a gated entry offering privacy and peace of mind, it’s not hard to see why this light-filled residence is sure to be popular amongst savvy buyers.  Inside, a soaring raked ceiling combines with large windows and timber-look flooring to help create a bright and comfortable open-plan space. You will love the indoor-outdoor lifestyle this home offers while the avid cook will appreciate the spacious kitchen featuring sweeping countertops, stainless steel appliances and a gas cooktop.

You can sit back on the wrap-around outdoor space while overlooking the low-maintenance yard and gardens. The home has been freshly painted throughout and also has new copper plumbing installed meaning you can move in and relax without having to do a thing.  Nestled on a quiet street, you will live close to schools, restaurants and shopping outlets while quick access to the freeway will make commuting easy.

  • 3 Bedrooms 2 Bath
  • 1,358 Square Feet of Living Spaces
  • 7,438 Square Feet of Lot
  • Built in 1957
  • Offered at $558,000

Make this your dream home!  Call Jack Ma to schedule a private showing at (909)610-5188

Find more information here

Posted in Featured Property
April 8, 2019

Buying a Home in a Competitive Neighbourhood

Imagine you’ve dreamed of living in a particular neighborhood, perhaps for years, and then, when you're finally ready to make a move, finding out that the area is competitive and buying there is definitely a challenge.

A disappointment? Not necessarily.

There is a lot you can do to buy into a popular neighborhood, even in competitive offer situations.

Your first step is to start targeting that area now. Find out about property types, prices and trends. In particular, you’ll need to know what price range you should be thinking about, and making sure that it’s going to fit your budget. To do that, you might need to get a determination of the Fair Market Value of your current home.

Next, begin making preparations so you can get a jump on opportunities in that neighborhood quickly. You don't want to see a great property come on the market and not be ready to make a move. So, get your current home in order so it’s ready for a quick listing.

If possible, make arrangements to get alerted to new listings as soon as they come on the market. Keep in mind that a new listing may not appear online for several days. By getting advance notice, you can be among the first buyers to see the home and have an early advantage over other buyers.

If it's likely there's going to be competing offers for the home you want, there are many strategies that can increase your chances of winning. These involve going in at the right price, minimizing conditions to the offer, presenting the offer appropriately, and negotiating effectively.

Is there a neighborhood you want to get into? I can help make it happen. Call me today at (909)610-5188 or email me at Jack@JackMaRealtor.com.

Posted in Buyer Tips