Lisa Lopez Real Estate

Don’t Sell on Your Own Just Because It’s a Sellers’ Market In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. Let’s unpack why that’s a big mistake and may actually cost you more in the long run. According to the Profile of Home Buyers and Sellers published by the National Association of Realtors (NAR), 41% of homeowners who tried to se...ll their house as a FSBO did so to avoid paying a commission or fee. In reality, even in a sellers’ market, selling on your own likely means you’ll net a lower profit than when you sell with the help of an agent. The NAR report explains, FSBOs typically sell for less than the selling price of other homes; FSBO homes sold at a median of $217,900 in 2020 (up from $200,000 in 2019), and still far lower than the median selling price of all... ARE YOU READY FOR A CHANGE?

Congratulations to my buyers for opening escrow on their new home!!! It’s wild out there but we were able to secure one of the most desirable penthouses in Playa Vista within a few hours! If you’re looking to buy, I’d love to help get your offer accepted. ... ____ #inescrow #undercontract #offeraccepted #playavista #playavistaliving #playavistarealestate #losangelesrealestate #losangelesrealtor #lovewhatyoudo #welcomehome #buywithme #sellwithme #happyclients #homeowner #homestartshere #realtorsofla #realtorsofinstagram #homesweethome #lisalopezrealestate #architectofchange #teamtami #palmrealtyboutique #realestategoals #homeownership #homeownershipgoals #homeownershipmatters

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. This year, the Internal Revenue Service (IRS) estimates Americans can expect an average refund of $2,925 when filing their taxes. Thanks to programs from the Federal Housing Authori...ty, Freddie Mac, and Fannie Mae, many first-time buyers can purchase a home with as little as 3% down. In addition, Veterans Affairs Loans allow many veterans to put 0% down. You may have heard the common myth that you need to put 20% down when you buy a home, but thankfully for most homebuyers, a 20% down payment isn’t actually required. It’s important to work with your real estate professional and your lender to understand all of your options. Not... ARE YOU READY FOR A CHANGE?

Buyer Competition Is Good News for Sellers [INFOGRAPHIC] With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), on average, houses are receiving over four offers from buyers and they’re selling in less than three weeks. If you’re ready to make a move, let’s connect today so you can sell your house while the market is in your favor. ARE YOU READY FOR A CHANGE?

Is Homeownership Still Considered Part of the American Dream? Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes: The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many respects a collection of feudal societies. Old rich families, or the church, owned all the land and, with few exceptions,... everyone else was a tenant. The magic of America lay not only in its sense of opportunity, but also in the belief that life could in every way be shaped by... ARE YOU READY FOR A CHANGE?

How a Change in Mortgage Rate Impacts Your Homebuying Budget Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: Since January, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potent...ial homebuyers with less purchasing power. (See graph below): When buying a home, it’s important to determine a monthly budget so you can plan for... ARE YOU READY FOR A CHANGE?

3 Ways Home Equity Can Have a Major Impact on Your Life There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM Data Solutions, in their latest U.S. Home Equity Report, revealed that 30.2% of the 59 million mortgaged homes in the United States have at least 50% equity. That doesn’t even include the 38% of homes that are owned free and clear, meaning they don’t... ARE YOU READY FOR A CHANGE?

Congratulations to my buyers and friends who just opened escrow on their first home!!! If you haven’t heard the market is on FIRE. We’ve been going up against 30+ offers in the South Bay but we were still able to secure this special new construction home for their family.... Don’t miss out on the best rates in history! ___ #inescrow #undercontract #offeraccepted #lovewhatyoudo #redondobeach #redondobeachrealestate #Southbay #southbayrealestate #welcomehome #buywithme #sellwithme #happyclients #homeowner #homestartshere #firsttimehomebuyer #realtorsofla #realtorsofinstagram #teamtami #homesweethome #lisalopezrealestate #architectofchange #palmrealtyboutique #realestategoals #homeownership #losangelesrealestate #losangelesrealtor #homeownershipgoals #homeownershipmatters See more

Millennials: Is It Time to Buy a Bigger Home? In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending much more time at home these days, you may have a growing need for more space or upgraded featu...res, making moving more desirable than ever. For those millennials who already own a home, there’s a great opportunity to move up in 2021. Danielle... ARE YOU READY FOR A CHANGE?

3 Ways You’ll Win When You Buy a Home This Year There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a repeat buyer looking for your dream home, making a move might give you the space or features you need to find greater success and happiness in a new normal way of life. Whatever your motivations are, here are three reasons why becoming a homeowner now may help you win big in the... ARE YOU READY FOR A CHANGE?

Why It’s Easy to Fall in Love with Homeownership [INFOGRAPHIC] Some Highlights Homeownership provides comfort, stability, and security, and it makes you feel more connected to your community.... Your home is something to be proud of and is uniquely yours, so you can customize it to your heart’s desire. If you’re ready to fall in love with a home of your own, let’s connect to get you started on the path to homeownership. ARE YOU READY FOR A CHANGE?

The Luxury Market Is Attracting Buyers in 2021 As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares: In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008. In comparison to experts’... predictions in early 2020, it is remarkable how significant demands for property type, location, and amenity preferences have changed amid the... ARE YOU READY FOR A CHANGE?