Thursday, April 18, 2019
Are you thinking about buying a home and just don’t know where to start? Before you even begin looking at homes, consider how much you may need to save to make the process as smooth as possible for you, especially in the long run. While there are situations where you don’t need a large down payment for a home, having one can save you money down the road.
Saving for a down payment is slightly different than other large savings, like retirement. With those savings, you can set aside smaller amounts or invest the money. Because you will need your down payment sooner rather than later, those saving methods won’t be beneficial to you. Here are some steps to take to save up for your dream home!
1. Determine How Much You Need
There is a general rule of thumb in real estate, the rule of 28, that says your maximum mortgage payment should not exceed 28% of your gross monthly income. Sitting down with a mortgage lender will help you find out how much of a mortgage you qualify for based on that income. They will be able to tell you the recommended amount needed for a 20% down payment. Whether or not that is a requirement, a 20% down payment can get you a great price deal and reduce your monthly mortgage rate.
2. Decide When You Want To Buy
The next step will be deciding when you want to buy. This will give you either a monthly or annual goal of how much money you need to be setting aside to reach that down payment goal.
3. Choose A Savings Plan
It it usually best to avoid stocks or other risky investments when it comes to saving for a home. Consider opening a regular savings account specifically for your down payment, and make sure it is an account you use for deposit-only purposes until you’re ready to make your down payment.
4. Check Your Budget
Saving a few dollars here and there can be easy, but saving thousands of dollars may take a little more practice. First, consider cutting back on your expenses. Check your budget for things you can go without. This may be difficult, but think about what you are saving up for! If you have the chance to earn additional income, devote that extra cash directly to your savings account. These saving strategies will not only help you to buy your new home, but can create life-long habits to help you continue to save money down the road.
5. Consider An Automated Savings Plan
Even after you have adjusted your budget, pulling that money out of your checking account and putting it into a savings isn’t always easy. Once you’ve determined how much of your budget will be going into savings, consider adding a savings plan to your bank account so that the money will automatically be sent to your savings. This can remove the temptation of spending what may look like extra money in your account and ensuring that it goes where it needs to.
6. Save Your Big Deposits
Have you received a large sum of money lately? Maybe you just got married, or got a bonus at work, or that tax-return was especially big this year. Instead of spending that cash, deposit it directly into your savings account. This can reduce your savings timeframe and might have you ready to buy sooner than you thought.
Saving up for a home isn't always easy, but it is always worth it!
When you are ready to buy, give us a call and we will get you that home you've been dreaming of!
Maria Zendejas & Team (805) 465-2001
We all have that friend whose home seems to be spotless, no matter the time of day. You could swing by for a morning coffee or stop over for dinner, and it always looks like someone just cleaned. Can you imagine if your house could be like that? Well, it can! Tidy homes are created out of habit. Here are 5 habits of people with tidy homes, so that you too can have a house that looks like a magazine feature all the time.
1. Having A Schedule
Letting clutter accumulate is the easiest way to get a messy home. If you are waiting until the mess is unbearable, you’re going to be overwhelmed by it every time. By creating a cleaning schedule, you can manage the cleaning of your home instead of avoiding it. Create tasks for each day, like a day for dusting and a day for vacuuming, so you are doing a little bit of deep cleaning every day.
2. Create Lists
Break down everything in your home that needs to be cleaned on a list. By creating a list, you will be able to cross off what you complete as you go. This visual helps you to stay on track and feel like you’re accomplishing your goals.
3. A Place For Everything
Organization is the key to a tidy home. If every item in your house has its own home, cleaning will be much easier. This especially helps to prevent junk drawers or counters overflowing with random household items.
4. Get Rid of Clutter
If a junk drawer is already overflowing in your house or you have a closet where you’ve been stuffing items with no other place to go, it is time to purge. Follow Marie Kondo’s advice and get rid of anything that doesn’t bring you joy - especially clutter.
5. Baskets are Best
While it is important to maintain organization when using them, baskets can be extremely helpful to organize and reduce clutter - especially if you have children or pets. While it is easier to manage our own clutter, it can be difficult to put every toy or childcare item away properly when we are in a rush. By having decorative baskets throughout your home, you can quickly clear out an area if you have guests coming over without scrambling to put all those items where they are meant to go. It is important to add basket organization to your cleaning list, that way they do not become just another 'junk drawer' of sorts.
Work on creating these habits in your own home and soon enough, you'll be the one who doesn't mind when your friends stop by at any hour!
Thursday, February 7, 2019
Monday, January 21, 2019
These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move.
1. Have you built substantial equity in your current home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains.
2. Has your income or financial situation improved? If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving.
3. Have you outgrown your neighborhood? The neighborhood you pick for your first home might not be the same neighborhood you want to settle down in for good. For example, you may have realized that you’d like to be closer to your job or live in a different school district.
4. Are there reasons why you can’t remodel or add on? Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling, then moving to a bigger home may be your best option.
5. Are you comfortable moving in the current housing market? If your market is hot, your home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home.
Ready to explore your options?
(805) 465-2000 or (805) 443-7383
Reprinted from REALTORS(R) magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS (R). Copyright 2009. All rights reserved.
Thursday, January 17, 2019
Monday, January 7, 2019
For sale $465,900.
Welcome Home to the Santa Clarita Valley! Located in the City of Saugus, Ca. this home offers 4 bedrooms and 2.5 bathrooms. Features 2,106 sqft and was built in 2006. Upgrades through out include travertine flooring, high ceilings, crown molding and fireplace encased with travertine tiles. Kitchen with pantry, stainless steal appliances, stone backs plash and breakfast bar. Roomy dining area with backyard access. All bedrooms and laundry room on the second floor. Custom built ins on second-floor landing/loft area. Desirable location just steps from the community swimming pool. Quiet Cul-De-Sac with no rear neighbors. Centrally located with easy access to stores and freeways via Cross Valley Connector. A must see...
Interested in viewing or have questions? Send us a message or just pick up the phone and call (805) 443-7383.
Tuesday, December 11, 2018
While you’re fussing over your bills, did you realize you’re making your landlord rich? Rentals are the most lucrative business to get into. It turns ordinary people into multi-millionaires. The next time you’re afraid of committing to a mortgage, keep in mind that you’ve already committed to paying off the mortgage of someone else - every single month you rent. The only time home buying doesn’t make sense is if you’re still living with your parents rent-free. Or you prefer to live out of an R.V. or tent. But if you prefer to live in a home, or a condo, it always makes the most sense to buy.
Stop making your landlord rich and start building your own net worth. You can still enjoy owning a home - even if you don’t intend to stay in an area for long. You can always resell your home, most often for more money than you put in, or turn it into a lucrative side business by renting it out. Whatever you decide, don’t be afraid of a mortgage commitment - you’re paying one regardless. Now ask yourself, do you want to make yourself money or make your landlord money?
Maria Zendejas & Team (805) 443-7383 email@example.com
In 2017 alone, 60% of women millennial buyers were single! Buying a home seems to come with the idea that it’s the step AFTER you get married and have a family - but that simply isn’t true! Not only is home buying an incredible investment, it provides stability. If you’re worried that a home is too much of a commitment, while you still enjoy travelling around the world, having a great Realtor on your side can help ensure you aren’t tied down by a home.
No one ever said your net worth is a burden. Build your net worth by owning your own dream house and recoup your investment when the day comes to sell. If you’re paying the same amount on rent as you could on a mortgage payment, doesn’t it make sense to put that monthly amount into a home you could actually get the money back on? Of course it does! Give us a call, it’s time to invest in yourself and your future.
Maria Zendejas & Team 805 443-7383 firstname.lastname@example.org