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Follow These Financial Tips To Afford A New Whittier Home Today!

by The Domis Team

Looking to Buy your dream Whittier Area home but worried about your ability to afford it? Start making steps to improve your finances today! A new home is never out of reach! Here are some helpful tips to get you financially prepared to buy!



Once you have your have started to follow these tips to afford your dream home, The Domis Team is here to help you throughout the buying process. Give our team a call today or visit our website at http://www.whittierhomes.com/.

Make Your Home Look More Expensive With These Elegant Touches!

by The Domis Team

Add some beautiful elegant touches to your Southern California home before listing it on the market! Making your home appear more expensive can help peak buyers' interests and drive your offer prices up! Here are 7 areas where added elegance will help make your home appear more expensive!

 

1. Paint Color. Whenever you want to sell your home, you should always apply fresh paint to the walls to help clean it up. Choose a neutral color with a slight sheen. This will add a subtle touch of elegance to the walls while still appealing to a wide array of buyers!

 

2. Declutter. Remove all unnecessary items and furniture from your home. You want your buyers to be able to visualize themselves in the space and get a good understanding of the home's functionality without any distractions. Once you have cleaned up, find a single focal point in each room to highlight the architectural features of the home.

 

3. Kitchen Appliances. Kitchens are often a major selling point for buyers. Help yours stand out by upgrading the appliances to stainless steel or brightly colored finishes; both of which are often found in high end homes.

 

4. Fixtures. Although small, fixtures can quickly date your home. Replace outdated hardware, lighting, and plumbing for some modern elegance.

 

5. Crown Molding. Create classic elegance by adding crown molding to the living and dining rooms.

 

6. Window Treatments. Update your window treatments with drapes, blinds, or Japanese shades. Keep it elegant by avoiding patterns. Create a bright, airy atmosphere by getting curtains that let in the outdoor light.

 

7. Garage Door. The outside of your house is the first thing buyers will see. With the garage door taking up a large quantity of your exterior, you should consider updating it. Make your home appear more expensive by replacing it with a wood door with carriage home details. This upgrade, although more costly, will get you a high return on investment once you sell.

 

 

 

Interested in Selling your Whittier area home? Give the Domis Team a call today or visit our website at www.whittierhomes.com!

Outsmart These Common Home Buying Misconceptions!

by The Domis Team

You've decided to buy a new home. Congrats! Home buying is an exciting but daunting task. Whether you are a new or experienced home buyer, there are a lot of common misconceptions about the process that can cause you more stress and difficulties immediately and into the future. Let us help you outsmart these misconceptions and know all the facts before you set off on your journey towards your dream home!

 

Common Misconception: The Home Search is the First Step.

Truth: Although searching for homes on the internet might have jump-started your journey towards home buying, it should not be prioritized as your first step in the process. Stop searching for homes and FIRST focus on your finances. This involves making sure your credit is in good standing to receive pre-approval for your mortgage. By focusing on your financing before searching, you can accurately know what homes on the market fit within your budget and focus your search within your parameters. There are few things worse than having your heart set on a home only to discover that there is no way you can afford it.

 

Common Misconception: Bad Credit Disqualifies You from Buying a Home.

Truth: While having good credit is obviously to your benefit during the home buying process, you still have options even if your credit is not stellar. Home buyers with bad credit have financing options, such as FHA loans, that might be available for them. It is important to take the time to research your options.

 

Common Misconception: 30-Year Mortgages Save You Money.

Truth: It all comes down to math. Regardless of whether you choose a 15-year or 30-year mortgage, you are borrowing the same amount. However, you are multiplying the amount of time that you are paying back that amount by 2. This means more interest is accruing over this additional time and you will end up paying MORE. This is not to say that a 30-year mortgage is not your best option. Just ensure that you do plenty of research on all the loan options available to you to select what best fits your financial situation now and into the future.

 

Common Misconception: The Down Payment is your ONLY Upfront Cost.

Truth: Home buyers need to budget for several costs that can quickly add up during the process. Along with the down payment, home buyers should plan for a credit report, inspection, and insurance costs. The deal you settle on with the seller could require you to pay for the closing costs as well.

 

Common Misconception: Your Down Payment Should be 20%.

Truth: A 20% down payment can help make you competitive among other buyers and can help you avoid paying for Private Mortgage Insurance (PMI). However, not all lenders require that amount. You may be eligible for a down payment of 5% or 10% if you are willing to pay for PMI monthly. There are also FHA loans and other down payment assistance programs that might be available to you.

 

Common Misconception: A Home Inspection is NOT a Necessity.

Truth: You should never waive the home inspection, no matter how much you want the house. Some sellers will try to negotiate this into the agreement but it is not in your interest. There is too much risk of there being something wrong with the house. You could end up having to spend a fortune in your money and time by skipping this step. Ensure that you find any potential issues with the house before you purchase it.

 

Common Misconception: Focus on Your Immediate Needs.

Truth: You should always consider what you and your family need in a home right now and into the future. Although it is impossible to know what your future holds, you want to choose a home and neighborhood that fits your needs now and indefinitely. Whether or not you have or will have children, find a home near good schools. Research has shown that homes near excellent schools have a higher resale value.

 

Common Misconception: You Must Offer the Asking Price.

Truth: Although you might fear losing your home to competition by offering a lower price, you should always try to negotiate a deal that best fits your need. Sellers are obviously hoping to get top dollar for their home but they also want to sell it quickly and easily. By showing that you have good credit, are pre-approved for a loan, and/or have your down payment ready to go, sellers will likely be willing to negotiate with you since your finances are in order. Also, the results of the home inspection can also be used to help you negotiate a lower price.

 

Common Misconception: You Can Go It Alone.

Truth: While the internet makes the search for homes arguably easier and more convenient for individuals, you should always work with an Experienced Realtor during the home buying process. There is a wealth of knowledge that only realtors can offer! We understand the local market, have years of negotiation experience, and so much more. We can help alleviate the inevitable stress that comes along with the home buying process by being by your side and always keeping your best interests at the forefront.


Ready to BUY your dream home in the Whittier area? Work with the very best! Give The Domis Team a call today or visit our website at http://www.whittierhomes.com!   

The 1, 2, 3......Of Buying A Home

by The Domis Team

Buying a home is a process. There are many steps involved from the time you start your search to when you are finally able to move your boxes in. If you are ready to find your dream home in the Whittier Area, help is here. Understanding the major steps of the home buying process will help eliminate any initial stress you might have. Here is a basic step by step guide to buying your new home!

 

1. Make a List of Wants and Needs! Know what your must haves are in your new home as well as those features/amenities you might prefer but are not deal breakers. Also, figure out a budget so you fully understand what you can afford. Doing this work ahead of time will allow you to narrow your search.

 

2. Begin Your Search! Start searching for your new home online.

 

3. Work with a Top Realtor! Finding a top real estate agent to work with will help you throughout the process. They understand the local market, the art of negotiation, and so much more that will undoubtedly help you find your dream home in no time.

 

4. Find a Lender! Ask your realtor for recommendations for the best lending agents to help you with your financial needs.

 

5. Decide on a Loan! Pick out the perfect mortgage for you based on the budget you created at the start of the process. If you are able to get pre-approved for a loan, you will stand out to sellers.

 

6. Start Looking! Hit the road with your realtor to start looking at homes. Home information online is helpful at the start but you will never get the full feel for a home until you walk through it. Attend open houses and schedule showings of homes you are interested in to find the right home for you and your family.

 

7. Make an Offer! After finding the perfect home, it's time to put in an offer. Your realtor will help you draft an appropriate offer that will hopefully make the home yours!

 

8. Enter Negotiations! Understand that there will likely be a counteroffer from the seller. This is where your realtor comes in handy because they are well versed in the step. Discuss what you are willing to pay for the home and what conditions you need to feel comfortable with your purchase.

 

9. Inspect the Home! One of the most important steps is the home inspection. You need to make sure that there are no underlying issues with the home that you could not see during the open house. Ask you realtor for licensed home inspectors in your area and go with them during the inspection so you can ask questions as they pop up.

 

10. Have the Home Appraised! Now it is your lender's time to determine the cost of the home. If it is appraised close to your offer, the home is yours!

 

11. Closing! During closing, you will finalize all paperwork to transfer the home to you.

 

12. Move In! Enjoy life in your beautiful new home!

 

Find more home buying tips by visiting our website and following us on our Facebook page.

 

Follow These Steps To Get A Mortgage In The New Year!

by The Domis Team

There are several important steps that you need to take in order to get a mortgage. Be completely prepared for this process by understanding everything that goes into obtaining a mortgage.

1. Pre-Approval

In order to help you stand apart from the competition when buying a home, it is important to be pre-approved before you make any offers. Pre-approval means that the lender has made a commitment to give you a home loan up to a particular amount. There is a significant amount of paperwork that is required for the pre-approval process. Get the following documents ready to provide the lender: Pay Stubs, Federal Tax Returns, W-2 Forms, Statement of Assets, Residential History, and Proof of Down Payment Funds.

2. Home Appraisal

Your lender will complete a home appraisal before issuing the loan. The home appraisal allows them to determine the value of the home. If the home is appraised at a price that is at or above what you offered the seller than you have passed this part of the process. If the home is appraised for less than your offer, you have an issue because your lender will not give you more money than the house is worth. If this happens, you have a couple of options. You can negotiate with the seller, appeal the appraisal, ask for a second appraisal, or walk away from the deal.

3. Credit Score Maintenance

It is very important that your credit score (regardless of what it is) remains stable while you are under contract for a home. A final credit check will be completed before the loan is issued at closing. Any changes in your score could greatly jeopardize you acquiring your loan. Avoid this by not opening new credit accounts, closing old ones, or missing payments while you are under contract.

4. CD Review

You will receive a Closing Disclosure (CD) from your lender just before you close. The CD outlines the fees you will pay during settlement. CDs can contain errors so it is imperative that buyers examine the document thoroughly before signing. Sit down with your realtor to review the CD with the loan estimate (which you received when you first applied for your loan) to check the following items: Name, Loan Term, Loan Type, Interest Rate, Cash to Close, Loan Amount, Total Monthly Payment, and Estimated Taxes and Insurance.

5. Underwriting

Your mortgage will go through the underwriting process before the loan is finally issued to you. During this process, an underwriter will verify all of your information to ensure that you have been truthful in your application. As long as you have remained stable in your job status, credit score, and debts, you will get through this part of the process with ease.

For other great Buying tips, check out our Website and follow us Facebook!

2019 Housing Market Predictions!

by The Domis Team

The New Year offers new possibilities for the real estate market. Although it is impossible to know exactly what will happen with housing in 2019, there are some trends that have been forecasted. The data team at Realtor.com® has come up with their predictions for next year. If you are looking to buy or sell a home in the Whittier area in 2019, keep these trends in mind as you enter the market!

 

1. Slight Increases in Inventory

Inventory has finally been on the rise during the last quarter of this year. For next year, it is expected to stay at less than 7% nationwide. There should be some increases in homes being put on the market and/or new construction. Expect to see larger increases in inventory of upscale homes in the high-end market.

 

2. Soft Home Sales

Home sales are expected to decline 7%. This is largely due to the market challenges that make it difficult for first time home buyers to afford it.

 

3. Millennials Will Account For The Majority of Buyers

Millennials will retain their majority as home buyers in 2019, making up 45% of the mortgages. While first time buyers in this generation might still struggle to make the plunge for buying, older millennials who already own will likely move-up to a higher priced home this year.

 

4. Unknown Effect of Tax Plan

It is still unknown how the new Tax Plan will affect homeownership in 2019. Renters should see higher deductions on the tax bills which may incentivize waiting to buy while it will be a mixed bag for home owners on what they can and cannot deduct from their taxes in April. Although it is unknown exactly how the bill will affect the market during 2019, it is an important consideration for all buyers and sellers to keep in mind throughout the year.

 

As 2019 progresses, The Domis Team will be there to help you navigate the market and keep you up to date on the year's real estate trends. Give us a call at (562) 884-5373 or visit our website at http://www.whittierhomes.com/.

Why You Should Work With A Realtor!

by The Domis Team

We understand the impulse of buyers and sellers to try to go it on their own in the real estate market. They hope that avoiding agent fees will help save them money but this can often be a costly mistake. And, not only does it have the potential to be a financial drain but it most definitely takes time away from you. Alleviate some of the stress of buying or selling a home in Whittier by going through the process with an experienced Whittier Real Estate agent! Agents have knowledge and experience in all aspects of the real estate market and are there to help you every step of the way. Make buying or selling your home as smooth and stress-free as can be. Need some convincing? Here are 10 reasons why you should work with a Whittier Real Estate Agent.

 

1. Area Expertise - No one knows the area better than a Whittier Real Estate agent. They can help you find the perfect home and neighborhood that will best fit your needs and lifestyle!

2. Education & Experience - Agents have dedicated their professional lives to developing within the real estate field. With their training and experience, they can help throughout the entire process. Instead of you needing to become an expert, you can put your trust in their knowledge and professional experience.

3. Agents are Shields - Avoid dealing with pushy buyers or sellers by working with a Whittier Real Estate agent. They will act as a buffer and make sure you are only getting the information that you need to hear.

4. Market Condition Knowledge - No one knows current prices on the local market or available properties as well as an agent. This allows them to help you find the best deal possible.

5. Price Guidance - Your Whittier Real Estate agent knows your budget and will help you make a deal that fits within it. Pricing is very important for buyers and sellers and an agent will help ensure that the price you offer or accept is accurate.

6. Networking - Your Whittier Real Estate agent has developed a lot of connections in the community. This means they know of buyers who might be interested in your property or sellers that have a home that is the right fit for you. They also know professionals that can assist you with a wide variety of real estate related services.

7. Skilled Negotiators - Whittier Real Estate agent can negotiate a deal like no other. Contracts can be complicated so your agent will help you understand the document and verify that you are getting the best deal.

8. Mounds of Paperwork - No one enjoys paperwork and there is a lot of it when it comes to real estate deals. Instead of having you drown in the sea of paperwork and risk missing important elements of it, your realtor will handle this process for you!

9. Stay After Closing - Even after you close on your home, the relationship with your realtor does not end. They are still there to answer any questions you might have months after closing.

10. Relationship Building - Once you have found the realtor that you can trust, you know that you have an ally for any future real estate needs you might have. Build a great relationship with them so you can utilize them when you buy or sell again in the future.

 

Reap the benefits of working with one of the most trusted and experienced real estate agents in the greater Los Angeles area! Contact The Domis Team today to let us help you with all of your real estate needs!

 

Save Money on Your Monthly Payments By Buying in 2018!

by The Domis Team

Save money on your monthly payments by locking in a lower interest rate before the end of 2018!

 

Higher interest rates mean greater payments on your mortgage every month and with the rates predicted for 2019 that could be a significant chunk of change. Keep more money in your pocket by understanding where interest rates are headed in the new year. Check out this chart that shows the actual rates from the current year and where they are projected to increase throughout 2019.

 

 

Although a 0.1% increase might not seem significant, it can increase your monthly payments depending on the amount of your loan. And, with housing prices also predicted to rise, it will likely cause a dramatic increase. The latest Home Price Index from CoreLogic shows a 6.2% appreciation in national home prices from 2017 to 2018 and predicts are 5.1% increase from 2018 to 2019. If these home price and interest rate predictions come true, you will be paying a lot more on your new home then you would if you bought today.

 

Ready to BUY your dream home in the Whittier area? Work with the very best! Give The Domis Team a call today or visit our website at http://www.whittierhomes.com/!   

Buy or Rent? The answer is....Buy!

by The Domis Team

Maybe it's a question you have been asking yourself for a while.....should I buy my first home or keep on renting? While we understand the hesitation, we have an answer for you once and for all.....you should Buy!

 

When it all comes down to it, the major reasons to buy as opposed to rent are all financial. This may seem counterintuitive since buying a home is a major financial decision. While at the outset, buying a home might seem like an insurmountable cost but over the long term, it actually saves you money and makes sound financial sense.

 

To start, think of renting as paying off someone else's mortgage. Why help someone else make money when you could invest that same amount in yourself?! And on top of that, buying has been shown to be Cheaper than renting. Nationwide, renters spend 28.9% of their income on median rent while home owners spend 15.7% of their income on median housing costs (Zillow Research)! Buying allows you to have Stable Housing Costs since you know exactly what your mortgage payments are every month, unlike renting where it changes every time you move. Owning a home opens you up to Tax Savings that renters are not eligible for. It also can be seen as a form of Forced Savings that allows you to keep more money in your pocket. The net worth of home owners is 44x greater than renters (Federal Reserve). Finally, owning a home is an incredible Investment and one that you utilize every single day. With home values expected to appreciate 3.35% per year and 24.34% cumulatively over the next five years (Federal Reserve), you will be building equity from the moment you close on your new home.

 

Today is the day! Stop renting and start BUYING! Let the Domis Team guide you through the process and get you into your first home today! Check out the Homes for Sale throughout the Greater Los Angeles Area to get started! Give our experienced team a call today at 562-884-5373 or visit our website at http://www.whittierhomes.com/.

Open House This Saturday in Whittier CA!

by The Domis Team

Come see this beautiful 3 bedroom, single level home with beautiful features near schools and Murphy Ranch Park!

Open House this Saturday, 1/27, from 1:00 pm to 4:00 pm.

We cannot wait to see you there and show you this stunning property!

9826 Cullman Avenue, Whittier, CA 90603 | $798,000

 

 

Rare find North of Janine for this secluded Sungold Home with panoramic view, long driveway and parking for several cars. Double attached garage, quiet hillside, private location and popular floor plan make this a special home. Walking distance to La Serna High, Murphy Ranch Elementary, Whittwood Town Center and new Sprouts market.

Contact The Domis Team for more details.

Linda Domis/The Domis Team

www.WhittierHomes.com

Keller Williams Realty

16310 E. Whittier Blvd. Suite F

Whittier CA 90603

 

Cell: 562-884-5373

Cell:562.201.3598

 

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Photo of Linda & Ryan Domis - The Domis Team Real Estate
Linda & Ryan Domis - The Domis Team
Keller Williams Realty
16310 E. Whittier Blvd. Suite F
Whittier CA 90603
Cell: 562-884-5373
Cell:562-458-6947
Fax: 562.902.5158
The Domis Team Real Estate, Whittier, La Habra, Orange County Homes for Sale The Domis Team Real Estate, Whittier, La Habra, Orange County Homes for Sale The Domis Team Real Estate, Whittier, La Habra, Orange County Homes for Sale The Domis Team Real Estate, Whittier, La Habra, Orange County Homes for Sale

Contact the Domis Team

Linda Domis - DRE #00571375 | Ryan Domis - DRE #01969771
Whittier Homes for Sale | La Habra Homes for Sale
Lake Park Brea Senior Community | Lake Park La Habra Senior Community

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