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Pleasanton | You've Real Estate Questions...We've Real Answers! Blog

Wednesday, November 25, 2020   /   by Steve Mohseni

Your House May Be High on the Buyer Wish List This Holiday Season

Your House May Be High on the Buyer Wish List This Holiday Season





Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best choice you can make. This year, buyers want to purchase homes for the holidays, and your house might be the perfect match.


Here are seven great reasons not to wait to sell your house this holiday season:


1. Buyers are active now. Mortgage rates are historically low, providing motivation for those who are ready to get more for their money over the life of their home loan.


2. Purchasers who look for homes during the holidays are serious ones, and they’re ready to buy.


3. You can restrict the showings in your house to days and times tha ...

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  alameda county, bay area, house, moving up., pleasanton, mortgage, home value estimate, sellers

Wednesday, July 29, 2020   /   by Steve Mohseni

Thinking of Selling Your House? Now May be the Right Time!!

Thinking of Selling Your House? Now May be the Right Time





Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers.


According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), total housing inventory is down 18.8% from one year ago. Inventory is well below what was available last year, and the houses that do come to the market are selling very quickly.


Sam Khater, Chief Economist at Freddie Mac notes:




“Simply put, new housing supply is not keeping up with rising demand. We estimate that the housing market is undersupplied by 3.3 million units, and the shortage is rising by about 300,000 units a year. More than half of all states have a housing shortage.”



Why is inventory so low? ...

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  alameda county, bay area, buyers, house, pleasanton

Thursday, May 28, 2020   /   by Steve Mohseni

Economists Forecast Recovery to Begin in the Second Half of 2020

Economists Forecast Recovery to Begin in the Second Half of 2020





With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned on when the recovery will begin.


According to the latest Wall Street Journal Economic Forecasting Survey, which polls more than 60 economists on a monthly basis, 85.3% believe a recovery will begin in the second half of 2020 (see graph below):There seems to be a growing consensus among these experts that the second half of this year will be the start of a turnaround in this country.


Chris Hyzy, Chief Investment Officer for Merrill notes:




“We fully expect the economy could begin to pick up in ...

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  alameda county, bay area, house, pleasanton, moving up.

Friday, February 21, 2020   /   by Steve Mohseni

Interest Rates Over Time

Interest Rates Over Time [INFOGRAPHIC]


Some Highlights:

With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.

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  alameda county, bay area, buyers, house, pleasanton, moving up., down payment, fha, mortgage, mortgage insurance, pmi

Tuesday, February 18, 2020   /   by Steve Mohseni

Why Put More Down!

The least amount in a down payment is an attractive option when people are thinking of buying a home.  A common reason is to have cash available for furnishing the new home and  possible unexpected expenses.
Some people don't have any options because they only have enough for a minimum down payment and the closing costs.  For those fortunate buyers who do have extra money available, let's look at why you'd want to do such a thing.
Most loans in excess of 80% loan to value require mortgage insurance to protect the lenders for the upper portion of the loan if the home were to go into foreclosure.  FHA requires an up-front premium of 1.75% of the amount borrowed plus a monthly amount of .85% on the balance.  FHA mortgage insurance premium must be paid for the life of the loan.
Mortgage insurance on conventional loans varies depending on the borrowers' credit and the amount of down payment being made.  Unlike FHA, when the unpaid balance reaches 78% ...

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  alameda county, bay area, buyers, house, pleasanton, moving up., down payment, fha, mortgage, mortgage insurance, pmi

Compass | Mohseni Real Estate Group
Steve Mohseni
15 Railroad Avenue
Danville, CA 94526
925-484-0707
CA DRE# 01267039
900 Main Street
Pleasanton CA 94566

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