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Millennials: How To Get Your First Mortgage In California

new houses for sale in redlands ca

Getting your first mortgage is intimidating – how do you know if you’re getting good terms, and what do you need to do to qualify for financing for your new home?

As millennials age – the oldest ones are now in their mid to late thirties – more and more are looking for funds for their first homes. But as a millennial, you probably haven’t seen the mortgage process before, so what do you need to do to prepare?

These tips will help you find the right mortgage and make sure that you step into your potential lender’s office informed and ready-to-go.

Consider the Usefulness of Technology

With digital technology, it has become more accessible than ever to find and get approved for a loan in minutes. While that may sound appealing, by skipping local California lenders you’re losing out on the knowledge and local resources they have, as well as in-person support.

Determine Whether you Qualify for Special Loan Types

A huge deciding factor when it comes to buying a house is the price. Given that your down payment will be 20% of that amount when you get a conventional mortgage, you could be looking at more cost than your savings allow. Instead, consider looking into FHA loans, which are designed to help first-time buyers by offering down payments as low as 3.5%. If you are a veteran, you can look towards VA loans that come with no down payment.

Remember the Debt you Already Hold

One of the first things lenders will consider is your finances. No lender wants to offer a mortgage to a borrower that already holds significant debt – not only are there concerns about on-time payments, but that lender might be last in line when it comes to recouping their losses should you default. If you have substantial student loan or credit card debt, you may want to wait to pay that off before trying to take on more.

 

About US

Redlands California Homes for sale is run by Results Group. Jessica, Alan and Justin have been part of this community since birth for some of them. If you are looking to sell a home, buy a home or just have questions about real estate in general  in and around Redlands California such as Highland, San Bernardino, Yucaipa, Calimesa, Cherry Valley, Beaumont, Hinda, Moreno Valley, Bloomington or surrounding area, contact us at (909) 345-0909 or email us here. One call is all it will take for you to understand why we have top reviews and provide a zero pressure approach to real estate. Have an expert for all your Redlands California Homes for Sale and area for your real estate needs. Learn More About Us here.

 

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Boosting Your Orange County Home’s Curb Appeal: Is It Worth The Money?

new houses for sale in redlands california

When driving down any given residential street, you’re bound to encounter three types of properties: the disheveled and unmaintained home, the simple yard and modest home, and the meticulously landscaped stunner that you can’t help but gawk at as you drive by.

Your home’s curb appeal can be enhanced through changes to landscaping, a simple coat of paint, or with new doors and windows. When you’re selling a house, these changes are what will make potential buyers stop for more information.

But overhauling the front of your home won’t always come cheap, and if you’re not selling any time soon, you may not see a return on your investment. So is it worth it to improve your Orange County home’s curb appeal?

When To Dress It Up

If you’re planning on, or even thinking about, selling your home in the next five years, investing in improving your home’s exterior will help increase your home’s value. If your home’s paint is peeling, fixing it now will be useful both for when it comes time to sell, but also to maintain your property in the short term.

Landscaping can boost your home’s value by close to 30%, so wow your buyers when they first drive up to your property with some new greenery and healthy trees.

When You Can Leave It Alone

If you aren’t thinking about selling and your home isn’t in need of repair, any investments you make to improve the exterior of your property are purely for you. However, if you don’t sell your house for another 20 years, you won’t have recouped any of that investment in exterior paint jobs or other non-essential needs.

However, when it comes to landscaping, you can be strategic in your curb appeal investments over time. Buyers won’t be as impressed by newly-planted young trees as they will be by those that have been growing for decades, and it can take time for hedges to develop to their ideal height. Starting that process now can pay off in the long run.

About US

Redlands California Homes for sale is run by Results Group. Jessica, Alan and Justin have been part of this community since birth for some of them. If you are looking to sell a home, buy a home or just have questions about real estate in general  in and around Redlands California such as Highland, San Bernardino, Yucaipa, Calimesa, Cherry Valley, Beaumont, Hinda, Moreno Valley, Bloomington or surrounding area, contact us at (909) 345-0909 or email us here. One call is all it will take for you to understand why we have top reviews and provide a zero pressure approach to real estate. Have an expert for all your Redlands California Homes for Sale and area for your real estate needs. Learn More About Us here.

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Just How Much Is Your Orange County Home Worth?

houses for rent in redlands ca

If you’re considering selling your Orange County home, now is a good time to start getting serious. In their August 2018 report, California Association of Realtors (CAR) found that the median sales price of existing single-family homes in Orange County is a whopping $838,500. A CoreLogic August report found that 16 zip codes in the Orange County area had median home prices over $1 million.

As always, the actual price your home lists for and sells for may be different and can depend on improvements you may have made to the home, the property’s location, and the house’s current condition.

To use current listings as an example, let’s say you live in a 3-bedroom home in Irvine that is around 1,700 square feet. It’s a stand-alone single-family property, which you know gives it some added value. However, your house is now 25+ years old, and you haven’t done any major renovations in all the years you’ve lived there.

Comparable properties in the area include a brand new detached townhouse with over 2,000 square feet in a modern gated development. It has all the latest technological advances, such as smart-home features, and a brand-new fully equipped kitchen. The price tag on that property is $1,195,473 – over the median for the area.

There’s also an upgraded 1,500 square feet single-family home from 1974 on an end unit lot with custom closets and fixtures, attached garage, and a sprawling back patio. In the community, you have access to a pool, spa, and play areas for children. This property is listed at $828,000, just under the median for the city.

Finally, there’s a 1,645 square foot single family home built in 1982. There is an attached garage and it has 2.5 bathrooms, but the house, like yours, hasn’t had any real substantial renovation work. The listing price on that property is $748,888, nearly $100,000 less than the area’s median.

This exercise can be useful in estimating how much your property is worth, but you’re best off leaving actual pricing decisions to your listing agent. They will know your area and related sales activity and can advise you on the right price to ask.

 

About US

Redlands California Homes for sale is run by Results Group. Jessica, Alan and Justin have been part of this community since birth for some of them. If you are looking to sell a home, buy a home or just have questions about real estate in general  in and around Redlands California such as Highland, San Bernardino, Yucaipa, Calimesa, Cherry Valley, Beaumont, Hinda, Moreno Valley, Bloomington or surrounding area, contact us at (909) 345-0909 or email us here. One call is all it will take for you to understand why we have top reviews and provide a zero pressure approach to real estate. Have an expert for all your Redlands California Homes for Sale and area for your real estate needs. Learn More About Us here.

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Looking For Luxury? Check Out These Redlands Properties Under $1,000,000

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Real estate in southern California doesn’t always come at an accessible cost – with a median home price of $615,000 in Los Angeles, most homeowners may not feel like they can afford true luxury.

But an hour away from Los Angeles is Redlands, CA, where a balance of modern and history can be found in the local real estate stock. And for under $1,000,000, homeowners can find luxury without the overbearing price tag. Whether you’re looking for a bigger lot and a pool, or cathedral ceilings with custom built-ins, these current listings in Redlands have both high-end sophistication and affordable prices.

1446 Sterling Road

Redlands, CA 92373

$999,000

Beds: 4

Baths: 3 full, 2 half

Square footage: 3,979

Lot size: 0.84 acre

Pool?: Yes

Garage?: 3 car

Year built: 1989

Special Amenities: Tennis court, Cul-de-sac location, views

1478 W Cypress Avenue

Redlands, CA 92373

$995,990

Beds: 5

Baths: 3 full, 1 half

Square footage: 4,454

Lot size: 1.75 acre

Pool?: No

Garage?: 2 car

Year built: 1909

Special Amenities: Historic property, modern upgrades

880 W Sunset Drive

Redlands, CA 92373

$985,000

Beds: 5

Baths: 4 full, 1 half

Square footage: 4,833

Lot size: 0.33 acre

Pool?: No

Garage?: 3 car

Year Built: 1995

Special Amenities: Views, cathedral ceilings

12934 Club Drive

Redlands, CA 92373

$869,000

Beds: 4

Baths: 3

Square footage: 3,605

Lot size: 0.819 acre

Pool?: Yes

Garage?: 4 car, RV parking and hookup

Year Built: 1986

Special Amenities: Brand new wood flooring, four fireplaces, views

527 Golden West Drive

Redlands, CA 92373

$799,900

Beds: 4

Baths: 3

Square footage: 3,105

Lot size: 0.29 acre

Pool?: Yes

Garage?: 4 car

Year built: 1998

Special Amenities: Views, garden with fruit trees and grapes

 

 

About US

Redlands California Homes for sale is run by Results Group. Jessica, Alan and Justin have been part of this community since birth for some of them. If you are looking to sell a home, buy a home or just have questions about real estate in general  in and around Redlands California such as Highland, San Bernardino, Yucaipa, Calimesa, Cherry Valley, Beaumont, Hinda, Moreno Valley, Bloomington or surrounding area, contact us at (909) 345-0909 or email us here. One call is all it will take for you to understand why we have top reviews and provide a zero pressure approach to real estate. Have an expert for all your Redlands California Homes for Sale and area for your real estate needs. Learn More About Us here.