Player's for Peace

Originally posted  Sep 20, 2024  Here:  https://www.homessantabarbaracounty.com/blog/car-august-sellers-guide?ts=blg   Sellers are buyers.  It's a good time to sell and take advantage of great move up or down bargains.

  Originally posted  Sep 20, 2024  Here: https://www.homessantabarbaracounty.com/blog/car-august-buyers-guide?ts=blg The Fed lowered rates!  The market is good and it is going to get better.  Buyer's who might have been on the fence can come on down!

  Home Equity: How to Use It  Originally published  Aug 2, 2024  Here: https://www.homessantabarbaracounty.com/blog/home-equity-how-to-use-it?ts=blg What’s the difference between a second mortgage and a home-equity loan? What is a home-equity loan, and is it different from a home equity line of credit? And is a mortgage refinance similar to the above, or a different animal altogether? Let's take a look at all the various ways you can use your home equity – without fear of losing your home or getting taken for a ride. First of all, a second mortgage and home equity loan are basically the same thing. These terms refer to money that is borrowed against the value of your house. Unfortunately, many people don’t realize that these loans are liens against your property – in other words, if you default on the loan, the lender then owns your home. You forfeit your house to pay what you owe, so it’s not like a credit card payment that you can skip when things get tight...

  Home Inspections  Originally published  Aug 2, 2024 Here:  https://www.homessantabarbaracounty.com/blog/home-inspections?ts=blg Atop the long list of items to do when buying or selling a house is the home inspection. But what is involved? How much does it cost? Why is it done in the first place? It’s important to understand what a home inspection entails and how it affects the sale of your home or the purchase of a new one. The more you know, the less likely you are to get ripped off or taken by surprise.   What is a Home Inspection? First of all, let’s clear up a commonly misunderstood point: a home inspection is not the same as an appraisal. An appraisal is an estimate of a property’s overall market value. A home inspection is much more detailed and practical. It is also not a code inspection and therefore does not report on building code compliance or give a “passing” or “failing” grade. It is defined as an objective visual examination of the structur...

  Leasing with the Option to Buy  originally posted  Aug 2, 2024 Here:  https://www.homessantabarbaracounty.com/blog/leasing-with-the-option-to-buy?ts=blg  Of all the many ways of selling and buying real estate, leasing with an option to buy is one of the most creative home finance alternatives if you have bad or no credit. Tenants who want to buy but are not currently in a position to buy use it to lock in a price against future appreciation. It is also a tool used by owners and property managers to attract good tenants. And it is used by owners with property that, for whatever reason, is not renting or selling at the price they want. Leasing with an option to buy is exactly what it sounds like – a renting tenant signs an agreement with a landlord stating that the tenant can buy the property at the end of a prearranged time period. The owner is obligated to sell at the option price, but the tenant is not obligated to buy. But when a lease-purchase exercised...