Tag Archives: Micah Stovall

Spring Housing Market Update

By Tarah Stovall | Published: April 2, 2024

If you’re planning to move soon, you might be wondering if there’ll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market. If so, here’s what the professionals are saying about what’s in store for this season. Odeta Kushi, Deputy Chief Economist, First American: “. . . it seems our general expectation…

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Why This Is a Great Year to Sell Your Vacation Home

By Micah Stovall | Published: April 16, 2021

We all want a vacation. This may be the year to sell your vacation home and here’s why. The demand for vacation homes has increased and will continue to rise as we head into summer. If you own a house in a destination area and have thought about selling, now is a great time to take advantage of today’s high buyer interest. Contact Stovall Team today at 714.343.9294 to discuss the opportunities in your local market.

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Want to Build Wealth? Buy a Home This Year.

By Micah Stovall | Published: February 2, 2021

As you make your plans for the coming year, be sure to consider the equity benefits of home price appreciation as you weigh the financial advantages of buying over renting. When you do, you may find this is the perfect time to jump into homeownership. Ready to make your move?  Call Stovall Team today at 714.343.9294

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Local Real Estate – Love Where You Live

By Micah Stovall | Published: May 9, 2020

With so much uncertainty around us right now, we want to make sure real estate isn’t a source of concern for you, and we are here to answer any and all of your questions. If you have real estate questions, please call 714.343.9294 and visit stovallteam.com

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Where Have All the Houses Gone?

By Micah Stovall | Published: February 7, 2020

Now is a great time to consider putting your home on the market. The competition (number of houses on the market) has not been this low in decades. It’s best not to wait for the inventory (both existing homes and new construction) to increase in the spring, as it always does.The supply of homes for sale is at a historic low. Buyer demand is surprisingly strong. Now would be a great time to sell.

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Three Reasons Why Pre-Approval Is the First Step in the 2020 Homebuying Journey

By Micah Stovall | Published: February 5, 2020

The Stovall Team has strong relationships with lenders who can help you through this process, so partnering with a trusted advisor will be key for that introduction. Once you select a lender, you’ll need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”

Freddie Mac also describes the ‘4 Cs’ that help determine the amount you’ll be qualified to borrow:

Capacity: Your current and future ability to make your payments
Capital or Cash Reserves: The money, savings, and investments you have that can be sold quickly for cash
Collateral: The home, or type of home, that you would like to purchase
Credit: Your history of paying bills and other debts on time
While there are still many additional steps you’ll need to take in the homebuying process, it’s clear why pre-approval is always the best place to begin. It’s your chance to gain the competitive edge you may need if you’re serious about owning a home.

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