Spring is in full bloom and for many of us that means spending more time outdoors.
Micah Stovall Landscape Curb Appeal Huntington Beach Fountain Valley
Visiting Open Houses This Weekend? Well, What If I Wait Until Next Year To Buy A Home?
I recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home.
The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.2% over the next 12 months.
What Does This Mean as a Buyer?
If home prices appreciate by 5.2% over the next twelve months as predicted by CoreLogic, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:
If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan. The best time to sell anything is when demand is high, and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a luxury home, now’s the time to list your house for sale and make your dreams come true. Call us today 714.343.9294 and visit stovallteam.com The Stovall Team places a premium on customer service, drawing on more than 60 years of combined experience and out-of-the box thinking to ensure that their Team provides the best customer experience in the business.
Posted in Real Estate News
Tagged and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a luxury home, doing it sooner rather than later could save you thousands of dollars over the terms of your loan. The best time to sell anything is when demand is high, drawing on more than 60 years of combined experience and out-of-the box thinking to ensure that their Team provides the best customer experience in the business., Huntington Beach Real Estate, If buying a home is in your plan for this year, lovewhereyoulive, luxuryrealestate, Micah Stovall, now’s the time to list your house for sale and make your dreams come true. Call us today 714.343.9294 and visit stovallteam.com The Stovall Team places a premium on customer service, ocrealestae, Stovall Team
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The Truth About Lead-Based Paint Liability
Stovall Team
Lead Laws and Regulations
Congress has passed a number of laws related to lead. These laws address lead in paint, dust and soil; lead in the air; lead in water; and disposal of lead wastes. EPA is addressing lead contamination and resulting hazards under these laws in many ways, including by issuing and enforcing regulations. EPA also helps the regulated community understand the federal requirements with policy and guidance documents to assist in complying with the regulations.
Laws and Executive Orders
Lead is a pollutant regulated by many laws administered by EPA, including the Toxic Substances Control Act (TSCA), Residential Lead-Based Paint Hazard Reduction Act of 1992 (Title X), Clean Air Act (CAA), Clean Water Act (CWA), Safe Drinking Water Act (SDWA), Resource Conservation and Recovery Act (RCRA), and Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)among others.
Regulations
Policy and Guidance
Related topics:
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Seven Gables Real Estate Merges with Star Real Estate
Seven Gables has merged with Star Real Estate, two well-established powerhouses that have joined forces to improve their footprint in Orange County, now are present in Corona Del Mar and Huntington Beach coastlines. With over $1.6 billion in sales, the combined team of nearly 500 associates with offices in Huntington Beach, Anaheim Hills, Corona Del Mar, Tustin, Orange, and Fountain Valley has assisted with over 2,200 transactions in the last 12 months.
Seven Gables is among the top real estate brokerages in Orange County based on real estate sales and has been a leading brokerage in the luxury market for over 41 years in its primary markets. With a collaborative team effort to drive Seven Gables core values, Seven Gables was named the Most Innovative Brokerage by LeadingRE in 2017 out of 565 companies from 62 countries around the world. The results are driven by Seven Gables’ associates who align with the core values that President, Mike Hickman has insisted upon with in Seven Gables. The Leadership Team is the driving force behind Seven Gables’ values-driven business and together with Star Real Estate’s cultural and historical similarities make the acquisition a game-changing match. Both companies are family owned, foster a caring and open collaborative environment of sharing and learning and their agents are actively involved in their communities.
“Our pursuit for an extraordinary company that shared similar family-like core values, company history, and whose agents embodied the innovative vigor of Seven Gables Real Estate, led us to the clear decision to join forces with Star Real Estate,” said Mike Hickman, President of Seven Gables Real Estate. “Culture is the basis for a successful blending of companies. Star’s well-known reputation as a dominant driving force in the Huntington Beach and Fountain Valley area allows our firms to increase our footprint in Orange County and not only expand our market share but market penetration.”
Star Real Estate will rebrand under the operation of Seven Gables Real Estate and utilize the award-winning technology platform and marketing agency within Seven Gables Real Estate.
“This merger with Seven Gables will create new energy, a new vision for the future, new innovations and new tools for Star agents to take their business to an entirely new level,” said Frank McDowell, Chief Executive Officer of AMC Inc., the parent company of Star Real Estate. “With Seven Gables’ in-house award-winning luxury marketing agency, advanced technology platforms, and agent training and support, the future looks exciting.”
The two hidden powerhouse gems plan to expand on their many years of combined successes to create an even more innovative real estate offering to the inland empire and coastlines of Orange County.
Posted in Community, Real Estate News
Tagged Coastal Real Estate, Micah Stovall, Real Estate, Seven Gables
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A Tale of Two Markets
If your house no longer fits your needs and you are planning on buying a luxury home ($2M+) now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market in Orange County buyers are in control. This means that homes are often staying on the market longer or can be found at a discount. Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call their house their new home. The sale of your starter or trade-up house will help you come up with a larger down payment for your new luxury home. Even a 5% down payment on two million-dollar home is $100,000. The best time to sell anything is when demand is high, and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a luxury home, now’s the time to list your house for sale and make your dreams come true. Call us today 714.343.9294 and visit stovallteam.com
Sources: Institute for Luxury Home Marketing, Micah Stovall, Stovall Team
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Interest Rate Impact