The Luevanos Group

New episode of The Homeys' Real Estate Podcast on Apple and Spotify! In this episode we recap the OC real estate market and make predictions for January 2021. In short, total closed volume increased about $800 million dollars and is now up an astonishing 40.5% compared to December 2019. Median Sales Price also set a new record at $795,000 and is up 11.2%. Can we expect the market to continue on this trend into next month? Check out the podcast. #orangecounty #ocrealestate #ocrealestatemarket #orangecountyrealestatemarket #ochomes #realestatemarket

The process of buying a home is stressful, but don't forget to take time to enjoy the experience too! @bonniesellshomes_ gives us her best tips for first time home buyers in her newest blog post. #Linkinbio #realestate #realestateblog #realestateadvice #realestatelife #realestateagent #realtorlife #realtor

Did you know that you can use the additional income you are projected to receive to help you qualify for more when buying a multi-family property? Let me explain. Let say you are qualified for a maximum of $500,000 for a single family residence. But you decide that it may make more sense to purchase a duplex. ... Since you will only reside in one of the units, there will be another unit which you plan to rent. You can claim the market value of that rent towards income to help you qualify for more. And like that, you may now eligible to purchase a $600,000 duplex instead. #homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping

The two things most sellers are looking for in an offer is the largest net return and the smoothest transaction. Sometimes the highest offer isn’t the largest net return. You need to take into account closing costs, termite clearance, repairs, and other costs that will influence what the sellers net return will be. Just as importantly, sellers are also looking for a smooth and easy escrow. They are looking for motivated buyers who will not ask for several repairs or contingen...cies and who are committed to closing escrow. #homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping https://www.youtube.com/watch?v=Hjb1MRlSbl8

Happy Birthday, Bonnie! May this year bring you happiness and health! #realestate #realtor #losangelesrealtor #happybday #birthday

In the last 7 days, 17 listings were sold in Whittier and 2 new listings hit the market today. There are currently 234 residential listings in Whitter with a median sales price of $696,923. When looking at the demographics of Whittier, there are currently about 189,254 residents with about 33.8% of the households making $50,000 - $100,000 annually. Another 31.77% of households make over $100,000 annually.... About 13.41% of the residents work in healthcare, 12.68% in manufacturing, and 11.2% in retail. These are key insights that will help you sell your home for more. We have some ideas to position your home for the best return. Would you like you hear them? Market trends in your city: https://theluevanosgroup.com/market-trends #whittier #whittierrealestate #markettrends #realestatemarket #losangelesrealestatemarket #homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping

We were wrong about the Los Angeles real estate market. After a break in November, median sales price and closed transaction volume jumped! Looks like people were shopping for than just gifts in December. Closed transaction volume also set a new record and is up a whopping 31.5% compared to December 2019. Median Sales price also increased $9,000 since last month and is up 12.3%.... Inventory dropped significantly and is now down 17% after only being down 10% in November. Months supply decreased from 2.6 in November to 2.2 months in December. Typically real estate slows down in the Winter, hence why we predicted this trend into December, but we were wrong. Will the real estate market have a slow month this winter or will we continue to set new records? *percentages are comparisons year-over-year For more details and charts, click: https://theluevanosgroup.com/market-trends #losangelescounty #losangelesrealestate #losangelesrealestatemarket #losangelescountyrealestatemarket #losangeleshomes #realestatemarket

New year, new... home? If one of your resolutions was to get into a new home this year, you're reading the right post! Reach out to us today, and we can start sending you homes that fit your criteria! #homeprices #homebuyertips #homebuyer #homebuyers #firstimehomebuyer #homeownership #homeseller #homesellertips #realestatemarket #losangelesrealestate #losangelesrealtor

In this episode we cover the astonishing growth of LA County real estate market and make our predictions for January 2021. In short, closed transaction volume is up a whopping 30% year-over-year and median sales price increased $9,000 since last month and $80,000 in a year. Can the real estate market continue on this trend or will it slow down in January? Check out the podcast. #realestatepodcast #podcast #spotify #applemusic #realestatemarket #homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping https://bit.ly/3sslOH9

Should you put down 20% or 3.5%? If you can afford the monthly payment, put down as little as possible. Currently interest rates are historically low and you can earn a much better yield investing in the stock market. The average rate for the S&P 500 the last 10 years was over 10%.... So let’s go through two scenarios with someone looking to purchase a $500,000 home with an interest rate at 3%. If they put 20% down or $100,000, the cost of the home after 30 years will be $707,110. However, if they put 3.5% down or $17,500, the cost of the home after 30 years will $749,836 Yes, you save $42,726 in interest over 30 years but putting a bigger downpayment, but is it really worth it? Assume you put the remainder of the $100,000 so $82,500 in the stock market x 10% interest rate x 30 years = $1,439,576 Is saving $42,726 in interest over 30 years worth losing $1,439,576? #homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping #compoundinterest #investing #stockmarket

2020 was a tough year for most of us. However, Corelogic released some good news for homeowners. 1. Homeowners earned about 10.8% more equity since last year 2. The average household gained about $17,000 in equity.... 3. Nationwide, homeowners yielded over $1 trillion dollars in equity this past year The average Califorinia homeowner saw their equity increase by about $34,000. The second most nationwide behind Washington at $36,000. #interest rates #homebuyertips #homebuyer #homebuyers #firstimehomebuyer #homeownership #homeseller #homesellertips #realestatemarket #losangelesrealestate #losangelesrealtor

So you just bought a home. What should you do now? Here are 4 things you should do: 1. Save all the documents you got from escrow and purchasing a home. You will need them for taxes and your records.... 2. Set up your utilities as soon as possible. 3. Update your address. 4. Inspect and secure your home. Try and do these within the first week of moving in. Trust me, it will save you from a headache in the future. #homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping

Can you purchase a home using tradition financing if one entity owns over 51% of the units in an HOA? Typically no! But there is one exception. If the developer own more than 51% of the units, then it will qualify for traditional financing.... #homebuyertips #homebuyer #homebuyers #firstimehomebuyer #homeownership #homeseller #homesellertips #realestatemarket #losangelesrealestate #losangelesrealtor

The holidays are here but that's not slowing down the buyer demand and traffic. According to ShowingTime, the Showing Index, which tracks the number appointments received by active listings, "reported a 60.9 percent jump in nationwide showing traffic year over year in October, the sixth consecutive month to see an increase over last year.... Traffic increased throughout the United States whereas during the holidays we typically see a slowdown. Why is the market still so active? Many buyers pushed off their initiatives to purchase from Spring to Summer and have yet to find a home. Secondly, interest rates continue to drop and buyers want to take advantage of these rates. #homebuyertips #homebuyer #homebuyers #firstimehomebuyer #homeownership #homeseller #homesellertips #realestatemarket #losangelesrealestate #losangelesrealtor

Should you wait to sell your home or sell it this winter? We think you should sell your home now. 1. There are more serious buyers in the winter... 2. There is less inventory in the winter 3. You can use holiday season and bring out the curb appeal We know right now there is historically low inventory and historically high prices. Why wait? #homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping https://www.youtube.com/watch?v=KNqSUpzLoqo

In the last 7 days, 52 listings were sold in Irvine and 9 new listings hit the market. There are currently 785 residential listings in Irvine with a median sales price of $1,372,110. When looking at the demographics of Irvine, there are currently about 211,481 residents with about 43.87% of the households making over $100,000 annually. Only about 26.9% of households make less than $50,000 annually.... About 15.76% of the residents work in professional services, 12.63% in education, and 11.48% in healthcare. These are key insights that will help you sells your home for more. We have some ideas to position your home for the best return. Would you like you hear them? Market trends in your city: https://theluevanosgroup.com/market-trends #Irvine #irvinerealestate #markettrends #realestatemarket #losangelesrealestatemarket #homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping

What will 2021 real estate look like? Interest rates are projected to stay low and potentially crack an average interest rate of 2.5% according to Freddie Mac. More sellers will try to capitalize on the increasing purchase prices leading to more inventory and more home sales.... Don’t hold your breathe on a foreclosure crisis. Most homeowners have enough equity to resort to short selling if they need to sell. There is so much buyer demand, it will likely be welcomed by buyers. #homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping

The first episode of our new podcast "The Homeys' Real Estate Podcast" is on Youtube. Check it out. We cover the Los Angeles County real estate market and make projections for 2021. #realestatepodcast #realtorlife #realtortips #losangelesrealestate #realestatemarket #homebuyertips #homebuyers #homesellers #homesellingtips ... https://www.youtube.com/watch?v=7_iYMDUl57I&t=2s

Equity is the difference in current market value and what you owe on the property. The two main ways to earn equity are through paying down principal or appreciation. For many, you will earn a majority of your equity through appreciation.... Freddie Mac reported that homes appraised at an average rate of 5.5% in 2020! For a $500,000 home, that is $27,500! Want to learn more? Let us know. #appreciation #homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping

Would you sell your home if I told you that there has never been a better time to sell? The National Association of Realtors (NAR) reported the inventory of houses for sale has dropped to an all-time low of 2.5-month supply. Typically a balanced market sits at around 6-7 months. ... We cannot predict the future but we can look at trends. And we know more homes are listed in the Spring and Summer. More homes means more options for buyers. It may make sense to capitalize on the low inventory. We may never see it this low again. #markettrends #realestatemarket #losangelesrealestatemarket #homebuyertips #firsttimehomebuyer #homeseller #homesellertips #homebuyer #losanagelesrealtor #losangelesrealestate #homeshopping