|
(310)
251 -2344
2501
N.
Sepulveda
Manhattan
Beach,
Ca 90254
Keith.Kyle@SouthbayBrokers.com
In This Issue
·
Where is The South Bay Market
heading?
·
10 Questions to ask your
mortgage lender
·
Tax Benefits of Home
Ownership – How to save each month
Search the
MLS
Properties
Finance and
Calculators
Local
Lenders
MB
Undergrounding
Local School
Information
Real Estate
Map
Helpful Area
Information
South Bay
Brokers
Real Estate
Glossary
|
Where is the South Bay Real Estate Market
Heading?
|
|
While much has been made of the real estate
bubble, and whether it will inevitably burst, most economic analysts
now believe that the market will have a soft landing. The
market is definitely stabilizing and becoming far more of a buyers
market than has been the case in the recent past. Although
sales have slowed and homes are staying on the market longer, prices
are still generally remaining strong and the median sales price in
June is up 6.2%, according to the California Association of
Realtors.
See
What does this mean for you?
|
June 2006 Median Home
Prices
June
2006 June
2005 %
Change**
El
Segundo
$787,750
$869,250
-9.4%
Hermosa Beach
$1,100,000
$1,224,500
-10.2%
Lawndale
$505,000
$495,000
2.0%
Manhattan
Beach
$1,575,000
$1,579,500
-0.3%
Rancho Palos
Verdes
$1,105,000
$1,032,500
7.0%
Redondo Beach
$770,000
$750,000
2.7%
**Monthly numbers can vary by type of homes on the
market, whether multi unit properties are on market etc. and should be
used in relation to annual price changes to determine the overall trend
and market conditions.
10
Questions to ask your Mortgage Lender
|
|
By
Bankrate.com
Here are the 10 key questions to ask at
application time to help you find the best overall mortgage
loan.
If you
have already selected a lender and are ready to apply, make sure you
have the answers to these questions first.
Click to find and
compare local
lenders |
10
Questions Continued….
- What is the interest rate
on this mortgage?
- How many discount and
origination points will I pay?
- What are the closing
costs?
- When can I lock the
interest rate and what will it cost me to do so?
- Is there a prepayment
penalty on this loan?
- What is the minimum down
payment required for this loan?
- What are the qualifying
guidelines for this loan?
- What documents will I have
to provide?
- How long will it take to
process my loan application?
- What might delay approval
of my loan?
A
Little Cash Relief is as close as your W-4 Form
|
By Lew
Sichelman, United Feature Syndicate
July 23, 2006
|
WASHINGTON — Home
buyers who need a little more take-home pay to afford their bills
don't necessarily need a second job or to dip into their
savings.
By increasing the number of allowances claimed on
tax forms filled out at work, they can boost their paychecks
considerably. Exactly how much depends on the amount of mortgage
interest and property taxes paid. But the more allowances claimed,
the less federal income tax will be
withheld.
See
more of this article |
Get
Educated! 1st Time Buyer
Seminar:
September 28th 5:30pm-7:00pm
El Segundo Public Library
(Matsui Room)
Cost: No cost.
- 100% financing: When it
works -- and when it doesn’t.
- Pitfalls to avoid in
selecting a lender and Realtor.
- Myth vs. Fact: Your credit
report and FICO score.
- How is the max purchase
price you qualify for calculated?
- Regarding purchase price:
how high is "too high"?
- Identifying
and correcting mistakes on your credit report.
- Calculating
the tax savings associated with home ownership.
Click here to sign
up for the free seminar |
