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Why Now is the Best Time to SELL Your Home Before the Holidays – 10 Reasons Why

Why Now is the Best Time to SELL Your Home Before the Holidays

 

 

Top 10 Reasons to SELL Your Home Before the Holiday Season

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Todays “Did You Know” segment:

“Why should I sell my home now right before the holiday season? Why not wait to the beginning of the year?”

Plenty of homeowners may have the same question. We want to share with you what home sellers about selling their home with Ricardo The Realtor Team today and not next year.

Top 10 Reasons Why NOW is the Best Time to Sell Your House

1) There are motivated buyers in the market that must buy for tax reasons. Home Owners that are thinking about selling should take advantage of the home buyers NEED to buy. Many need to have write offs before the end of the year.

 

2) During the holiday season there are typically less homes on the market. As if we did not already have a low inventory of homes in our area. Well, you know what this means. Its not “Rocket Surgery” after all, less supply means less competition. Less competition means more money in your pocket.

 

3) Many home buyers have time off during the holidays, which increases their availability to see homes. 9 out of 10 Realtors know that home buyers that “house hunt” during the Holiday Season tend to be serious buyers.

 

4) We can all agree that buying a home is an emotional purchase and emotions tend to run high during the Holiday Season. Strategically, having the opportunity to work off a buyer’s emotion is in whos favor? Your favor the home seller… buyers tend to offer a higher price when emotions are involved.

 

5) The Holiday Season reminds many people of family. The home is the foundation of the family unit. More families become motivated to buy during the Holidays more than other times of the year.

 

6) The interest rates continue to be incredibly low, which allows a homebuyer to afford more in the housing market. When rates are low, buyers tend to present higher purchase offers. The Federal Reserve just stated last month that there is almost a 70% probability that the interest rates will increase next year. That means that the average home prices will decline.

 

7) Many sellers will wait and list their homes for sale after the first of the year. This causes a lot of new inventory in January. Remember this is not “Brain Science”, the longer you wait, the more competition you create for yourself.

 

8)“Most people do not want to move during the holidays.” But here is where our expert negotiation skills come into play for your benefit. We can secure a contract now while your selling opportunity is high and arrange for a delayed closing or a rent back agreement with the buyers. Which means more money in your pocket.

 

9) Companies typically bring new talent in, starting at the beginning of the year. These new hires are looking for properties like yours now. You must be on the market to take advantage of these “Have to BUY NOW, Home Buyers”.

 

10) Selling now can give you more buying power later. By selling your home now, you can buy after January when the market becomes saturated with other home listings as a non-contingent buyer. This gives you negotiating power!

 

Remember, when selling or buying a homeStrategy Matters! Let us guide you to success. We are here to help YOU WIN!

Call us today and find out what your home is actually worth.

Thank you for taking the time to view our video about selling your home. Ricardo the Realtor – Long Beach Real Estate Team is here to assist home buyers & home sellers reach their goals. We have the marketing know how of utilizing todays technology to best serve you.

 

Long Beach Real Estate Agent Top Team. Our TEAM of Realtor’s outperform the individual agent.

Long Beach Homes and Luxury Estates Team - Million Dollar homes For Sale

Long Beach Homes and Luxury Estates Team – Million Dollar homes For Sale

Selling your home?
We utilize proven marketing techniques to obtain you the highest & best offer for your home. Gone are the days of placing a sign in your lawn, ad in the local newspaper & inputting the info into the MLS. We use todays technology- via customized online marketing, our very own mobile app to get your home the exposure it requires to get you the best price. We market your home not only locally but world wide on our site that is translated over 19 languages. We can show you how our tech savvy approach will make a world of difference when we sell your home. Marketing at a much higher level is what we specialize in.

 

Buying your home?
Driving around looking at For Sale signs is NOT the way to buy a home & allow us to tell you why. The “Listing Agent” already has a fiduciary duty to his client – The Seller. That agent has to get the highest price for their clients home. As your Buyer Realtor Team we look out for you, the Buyer. We are in your corner making sure your interests are 1st. Our Real Estate Agents follow a proven strategy that works.

For all of your Real Estate needs & more. Call Ricardo The Realtor.

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Luxury Homes & Million Dollar Estates – Your Long Beach Top Real Estate Team

Luxury Homes & Million Dollar Estates – Your Top Long Beach Real Estate Team

“For all of your Real Estate needs and more… Call Ricardo The Realtor”

Your Long Beach Real Estate Agent, RicardoTheRealtor.com Naples Island photo RTRHalfBodywithJacket_zps1d9b9383.jpg

Your Long Beach  Top Real Estate Team with RicardoTheRealtor.com

Ricardo Perdomo, aka “Ricardo the Realtor,” is a real estate agent with Keller Williams Realty has a progressive approach to local real estate in Long Beach. Utilizing cutting-edge online marketing, which includes a thriving You Tube channel, Ricardo Perdomo not only buys and sells some of the most stunning homes in Long Beach, he showcases the kind of captivating lifestyle that comes with living in a exciting metropolitan city, with a mosaic of cultural influences, married with the charm of a beach town.

As a Long Beach resident for the last 14 years, “Ricardo the Realtor” is so enamored with the town he lives in that he has a whole website dedicated to giving insider tips on enjoying all the city has to offer. LifestylesOfLongBeach.com provides information on places to visit, eat, have fun, tour and live. If that doesn’t give someone enough insight on the city, the consummate agent offers a private tour with detailed community information.

The local real estate expert is genuinely proud of his city. He understands its pulse and all of its intriguing enclaves. When asked about why he loves Long Beach so much, the ardent realtor said, “I get really excited about Long Beach. It has everything. I don’t feel like I have to go to another city. We have a beautiful beach, a burgeoning downtown full of art and culture, communities with a small-town feel, golf courses, great public transit, and lots of user-friendly bike paths. To farmer’s markets and flea markets to concerts, art walks and boating competitions, there are so many events throughout the year. We have an airport and a seaport. It’s a self-sustaining city. It’s laid back, yet sophisticated and classy. It has finesse.”

Your Long Beach Real Estate Team, RicardoTheRealtor.com photo IMG_0390_zpsace86f21.jpg

Your Long Beach Top Real Estate Team
Ricardo The Realtor.com

With the Craftsman, Spanish Colonial and Victorian homes, Italian Villas, English Tudors, beachfront properties and posh high-rise condos Long Beach has to offer, Perdomo contends that Long Beach has a home and a neighborhood to fit everyone’s taste. Many real estate agents try to take on the whole city of Long Beach themselves, but with Long Beach’s enormity and diversity in mind, Ricardo has started compiling a Lifestyles of Long Beach team with two additional agents, Josie Neglia, aka “Josie the Realtor,” and Marisol Navar aka “Marisol the Realtor,” to help him zone in on each distinct community. This way the team can be well informed on the nuances of each neighborhood, beyond just home values. “Being involved in many facets of lifestyle in Long Beach makes it possible for us to help our clients and their families make their house a home,” said Perdomo.

“Our TEAM always outperforms an Individual.”

Naples Island Artist.com photo NIAakaRTR_zpsd91fed75.jpg

Naples Island Artist.com

Perdomo’s personality and interests are a reflection of the city itself. He’s a complex, forward-thinking man with varied interests. He’s down-to-earth, but enjoys the finer things in life. As an artist, Perdomo participates in yearly art events, such as the Belmont Shore Chalk Art Fest where he won second place in 2010 for the overall competition. He is also the co-organizer of the Long Beach Figure Drawing Group. He has also volunteered at the Museum of Latin American Art for over ten years. “I believe that art is a crucial part of our society because it can evoke such positivity and meaning in our lives,” said Perdomo.

Perdomo loves children. He is going on his fifth year as Religious Education Instructor for first grade children at St. Bartholomew Church in Belmont Shore. He is very active in his faith and finds great happiness in helping others. He is on the Board of Directors of Comprehensive Child Development, Inc., Long Beach, a non-profit organization that provides quality child care, education and support services for hundreds of low income families and their children in Long Beach and surrounding cities.

He is well-known in Long Beach and actively involved as a volunteer in several improvement associations for the island of Naples where he resides which are: Naples Improvement Association, Naples Island Business Association & Naples Seawall Committee.  If you want to know where to dine, play or relax in Long Beach, then Perdomo is the man to ask.  In order to promote local businesses in Long Beach, Perdomo passes out exclusive coupons to his clients that provide a glimpse of Long Beach lifestyle at its best.  His latest offer was for 15% off at Michael’s of Naples Ristorante, the best fine-dining restaurant in Long Beach, and one of the top restaurants in all of Los Angeles. Ricardo the Realtor really believes that we gain more by helping others and that includes local business. People helping people is what you will hear Ricardo say frequently.

To learn more about living in Long Beach and Ricardo Perdomo aka “Ricardo the Realtor” go to www.RicardoTheRealtor.com.

Lifestyles of Long Beach,homes for sale,naples island,belmont shore,the peninsula photo SignatureBanneramprealestate.jpg

RicardoTheRealtor.com & your Long Beach  Top Real Estate Team

“Our TEAM always outperforms an individual.”

Your Long Beach Top Real Estate Team is here to help you. Luxury Homes & Million Dollar Estates. Communities include: Alamitos Heights, Alamitos Beach, Bay Harbour, Belmont Shore, Belmont Park, Belmont Heights, Bixby Knolls, Bixby Terrace, Bluff Park, Bluff Heights, California Heights, Carroll Park, College Park, Del Lago, Downtown, La Rochelle, Naples Island, Park Estates, The Peninsula, Wrigley… and surrounding cities such as Lakewood, Seal Beach, Signal Hill.

Naples Island & The Peninsula Homes For Sale, Long Beach Real Estate

Naples Island & The Peninsula Homes For Sale, Long Beach Real Estate

“For all of your Real Estate needs & more… Call Ricardo The Realtor.com”

Current inventory of condos and homes that are for sale on Naples Island and The Peninsula as of January 18, 2013.

# Price Beds Baths Type SqFt Garage Address
1 $398,000 1 1 CONDO 719 0 Naples Plz 102
2 $498,000 2 2 CONDO 1,104 0 Ravenna Dr 6
3 $859,000 3 2 SFR 1,201 2 Appian Way
4 $895,000 3 4 CONDO 1,712 2 Ocean Blvd 2
5 $995,000 4 3 SFR 1,730 2 CORINTHIAN
6 $1,199,900 3 3 SFR 2,502 2 Rafael Walk
7 $1,295,000 4 3 SFR 2,340 2 Loreta Walk
# Price Beds Baths Type SqFt Garage Address
8 $1,299,000 4 3 SFR 2,246 3 56th Pl
9 $1,300,000 4 4 SFR 3,100 2 Angelo Walk
10 $1,369,000 3 3 SFR 1,902 2 rivo alto canal
11 $1,495,000 4 4 SFR 3,333 2 Giralda Walk
12 $1,875,000 3 4 SFR 2,090 2 BAY SHORE
13 $1,999,000 3 3 SFR 3,311 2 67TH Pl
14 $2,195,000 2 2 SFR 780 2 BAY SHORE Walk
15 $2,200,000 4 4 SFR 4,383 2 LIDO Ln
16 $2,500,000 5 5 SFR 4,020 3 Lido Ln
17 $2,995,000 4 3 SFR 3,498 2 Seaside Walk
18 $3,999,000 4 4 SFR 3,600 2 SEASIDE Walk
19 $4,500,000 4 4 SFR 4,123 4 The Toledo Is
20 $5,495,000 3 5 SFR 5,077 3 Lido Ln
21 $6,750,000 5 5 SFR 4,823 3 THE TOLEDO
22 $7,999,999 4 6 SFR 5,557 4 Sorrento Dr
23 $8,995,000 5 8 SFR 7,920 3 Lido Ln

Information is Believed To Be Accurate But Not Guaranteed

Naples Island & The Peninsula, Long Beach by RicardoTheRealtor.com photo Naples_Island_amp_The_Peninsula_Long_Beach_CA_zps0d34838e.png

Ricardo Perdomo, aka “Ricardo the Realtor,” is a real estate agent with Keller Williams Realty has a progressive approach to local real estate in Long Beach. Utilizing cutting-edge online marketing, which includes a thriving You Tube channel, Ricardo Perdomo not only buys and sells some of the most stunning homes in Long Beach, he showcases the kind of captivating lifestyle that comes with living in a exciting metropolitan city, with a mosaic of cultural influences, married with the charm of a beach town.

As a Long Beach resident for the last 14 years, “Ricardo the Realtor” is so enamored with the town he lives in that he has a whole website dedicated to giving insider tips on enjoying all the city has to offer. LifestylesOfLongBeach.com provides information on places to visit, eat, have fun, tour and live. If that doesn’t give someone enough insight on the city, the consummate agent offers a private tour with detailed community information.

Naples Island and The Peninsula are located on the southeast portion of Long Beach. Truly the pinnacle of Long Beach Real Estate. You will find quaint bungalows to waterfront estates. Call our team for your private tour today.

Lifestyles of Long Beach,homes for sale,naples island,belmont shore,the peninsula photo SignatureBanneramprealestate.jpg

For all of your Real Estate needs… and more. Call RicardoTheRealtor.com

 

Naples Island and The Peninsula Real Estate, Homes For Sale…

Why Buying a home is 45% cheaper than renting. Long Beach Lifestyle and Real Estate.

Buying a Home Cheaper than renting?… 

Long Beach Lifestyle & Real Estate

You can save hundreds of dollars a month by buying a home instead of renting – especially if you can get today’s low mortgage rates, itemize your tax deductions and plan to live there for 7 years.

The most important housing decision that most consumers face is whether to rent or to buy. So to help them with this decision, we took a look at the key market factors affecting the cost of homeownership.  First off, asking home prices have started to rebound and have risen by 2.3% year over year in August (3.8% excluding foreclosures); however, rents have risen more (4.7%). This means that prices are lower relative to rents than they were a year ago. But more importantly, mortgage rates have fallen: the best rates this summer have been around 3.5%, while last summer rates were closer to 4.5%. Based on asking prices and rents during the summer of 2012, buying is now 45% cheaper than renting in the 100 largest U.S. metros, on average – that’s a savings of $771 a month. If you plan to stay in a home for 7 years, which is the average time that Americans traditionally live in a home before moving again,it is more affordable to buy than to rent in ALL of the 100 largest metros in the U.S.

Costs aside, the decision to rent or buy a home is very personal. There’s a strong emotional component: some people want the security of homeownership and others want the footloose freedom of renting. But the financial factors are also very personal because the decision to rent or buy depends on:

  1. Can you qualify for a mortgage at the best rate available?
  2. Which tax bracket are you in, and do you itemize your deductions?
  3. How long will you stay in your home?

To calculate whether renting or buying costs less, we assume people can get a low mortgage rate of 3.5%, itemize their federal tax deductions and are in the 25% tax bracket, and will stay in their home for seven years. (Below, we’ll show how changing these assumptions can affect the rent-versus-buy math.) We do the following calculations:

  • First, we looked at all the homes for sale and rentals listed on Trulia in June, July and August 2012. On for-sale homes, we took the asking price and estimated what it would rent for; for rentals, we took the asking rent and estimated what it would sell for. That way, we can calculate the average rent and asking price for an identical set of properties in a metro area, for a direct apples-to-apples comparison. By looking at homes currently for sale or rent, we’re able to illustrate the actual housing options that consumers face right now.
  • Second, we estimated the total costs of renting and buying for the typical property in a metro over a seven-year period. We factored in all the costs of homeownership (e.g., closing costs, maintenance, insurance, taxes, etc.), along with the tax benefit of deducting mortgage interest and property taxes, as well as the proceeds from selling the home after seven years with modest home price appreciation. On the rental side, we factored in renters’ insurance and the security deposit. Finally, we calculate the net-present-value of all those costs to capture the opportunity cost of tying your money up in a down payment. This gives us the total cost of buying versus renting. We then calculated the dollar difference and percentage difference between renting and buying.
  • Finally, we looked at alternative scenarios of the costs of renting versus buying, by changing the mortgage rate, the income tax bracket for tax deductions, and the time horizon.

Where Buying is a Slam Dunk
With a 20% down payment, a 30-year fixed mortgage rate at 3.5% and at the 25% federal tax bracket, homeownership is cheaper than renting in all of the 100 largest metros by a wide margin. There is no market where the financial decision is even close, so long as you plan to stay in the home for at least seven years, get 3.5% mortgage, and itemize your tax deductions. However, how much cheaper it is to buy a home than to rent really depends a LOT on where you live.

As always if you are looking to Buy or Sell your home… please contact our Team of Professionals today. We can help guide you through the process and help you reach your goals today.

Long Beach Homes for Sale: Naples Island,The Peninsula,Belmont Shore,Belmont Heights,Spinnaker Bay,Alamitos Heights,Park Estates,Bluff Park,Rose Park,Bluff Heights,beach,waterfront,realtor,

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Why Mortgage Rates, Tax Brackets and Timing Matters in the Rent vs. Buy Debate. Lifestyle of Long Beach and Real Estate.

Why Mortgage Rates, Tax Brackets and Timing Matters in the Rent vs. Buy Debate

Lifestyles of Long Beach & Real Estate

Lifestyles of Long Beach and Real Estate

LifestylesOfLongBeach.com 562-533-4003
Real Estate in Long Beach


But what if you can’t get the best mortgage rate, don’t itemize your tax deductions or stay in your home for less than seven years? Each of those raises the cost of homeownership, so buying wouldn’t be quite as good of a deal relative to renting. Here’s why each matters:

  • The best mortgage rates are available for people with the best credit scores – and a not-so-hot credit score could make your mortgage a full percentage point higher, which translates to at least a 10% difference in your monthly mortgage payment.
  • Itemizing your tax deductions lets you subtract your mortgage interest and property tax payments from your pre-tax income, which lowers your tax burden especially if you’re in a higher tax bracket. How much does not itemizing raise the cost of homeownership? It depends on your tax bracket and the amount of mortgage interest and property taxes you would deduct.
  • Selling a home in less than seven years after buying it means that you’re spreading your buying and selling closing costs overfewer years – making the average monthly cost of homeownership higher.

To see how your mortgage rate, tax bracket and time horizon affect the cost of renting versus buying, let’s look at several scenarios for a few large metros:

SCENARIO

New York

LA

Boston

Atlanta

3.5% mortgage, 25% tax bracket, stay 7 years (baseline)

-31%

-32%

-41%

-57%

4.5% mortgage *

-23%

-24%

-34%

-53%

Not itemizing tax deductions *

-18%

-21%

-30%

-50%

Stay 5 years *

-21%

-22%

-32%

-52%

4.5% mortgage, not itemizing, AND 5 years

3%

-1%

-12%

-40%

* For these scenarios, the factors not mentioned are the same as the baseline.

Take Los Angeles, for instance. The top row shows that if you can (1) get a 3.5% mortgage, (2) are in the 25% tax bracket and itemize your deductions, and (3) stay 7 years, it’s 32% cheaper to buy than to rent.

Change any one of those scenarios, and buying is still cheaper than renting but less so:

  •  With a 4.5% mortgage instead of a 3.5% mortgage, buying drops from 32% cheaper than renting to 24% cheaper.
  • Failing to itemize tax deductions drops buying from being 32% cheaper to21% cheaper.

  • Staying 5 years instead of 7 makes buying 22% cheaper.

  • But all three – the 4.5% mortgage, not itemizing, and staying only 5 years – makes buying just 1% cheaper than renting – as the bottom row shows.

In New York, these same differences make buying 3% MORE expensive than renting instead of 31% cheaper. In fact, with a 4.5% mortgage, not itemizing and staying only 5 years, buying is more expensive than renting in Honolulu(by 13%), San Francisco (by 10%), and San Jose (by 4%), too.

In the other 96 of the 100 largest metros, though, buying is still cheaper than renting. In Atlanta, for instance, where buying is 57% cheaper than renting in the best of circumstances (3.5% mortgage, itemizing, and staying 7 years), buying remains 40% cheaper even with a 4.5% mortgage, not itemizing, and staying only 5 years. In fact, today’s low mortgage rates make it financially better to buy even if you only stay put for 3 years in many metros. But buying a home also involves a lot of time, emotional energy and financial risk, so we can’t really recommend buying a home that you plan to live in for just 3 years even if the financial calculation is in favor of buying. Money isn’t everything.

Jed Kolko, Chief Economist

As always if you are looking to Buy or Sell your home… please contact our Team of Professionals today. We can help guide you through the process and help you reach your goals today.

Lifestyles of Long Beach and Real Estate.com 562-533-4003
LifestylesOfLongBeach.com , We are a Team of Realtors that work and live in Long Beach. The Ricardo The Realtor Team will make your real estate goals a reality. Call us today.

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