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Enhance Your Curb Appeal By Styling Your Front Door!

by The Domis Team

Looking to sell your Whittier area home? Help it stand out from the competition with some incredible curb appeal. Keep your lawn nicely manicured, add pops of color throughout your landscaping, wash and repair the exterior of your home, and make those windows sparkle.

However, most home sellers on the market are going to do these same things to their curb appeal. Break away from the crowd by utilizing another great curb appeal trick.....front door styling! This simple update makes your front door a major focal point. 

Here are some great styling tips that are sure to have buyers eager to see what else your home has to offer!

 

1. Paint your door a fantastic color that complements the exterior of your home.

2. Be creative with your home address numbers.

3. Make it bright with large, bold exterior lights.

4. Create a cozy and clean seating area on your front porch.

5. Accentuate the entryway with well placed accents, such as potted plants!

 

Visit our Website and follow-us on our Facebook page for more great curb appeal tips to help you sell your home!

Avoid These Home Seller Mistakes!

by The Domis Team

Making mistakes when trying to sell your home can cost you the deal! But, help is here! Avoid these costly mistakes that will hinder your home sale and decrease the price you get for your home.....and enjoy home selling success!

 

Mistake #1: Trying to sell on your own. 

Many times homeowners feel they are best equipped to sell their home, after all, they know all the great reasons why this home is best.  Wrong!  Choosing to go at the home selling process alone is not only costly, but filled with pitfalls if you don't know how to navigate the process and players involved.  Partnering with the best local real estate team affords you their expertise of the market, knowledge of the process and players and a strong negotiation team.

Mistake #2: Putting your home on the market before it is ready. 

While it's always important to be one of the first to market in such a competitive environment, it is also foolish to showcase your home if it isn't in tip top shape!  Always consult with your experienced agent for tips on updates and minor repairs before going to market.  This will not only make your home look its best, but help you get the best price available for your home.

Mistake #3: Overpricing your home from the start. 

Your experienced real estate agent knows the local market, your neighborhood and your homes best selling qualities.  From this they are able to price your home at the best point to gain you top dollar, but also sell in a timely fashion.  Overpricing at the start usually results in a price reduction and sometimes buyer hesitation.

Mistake #4: Unwilling to Negotiate.  

Selling your home is no different that many other sales in that negotiation is a key selling point.  Discuss this with your agent prior to listing your home.  Know what you are willing to give and what is an absolute NO.

Mistake #5: Delaying repairs. 

This can result in a blown sale very quickly and is also why it is important to take all reasonable steps to make these repairs before your home goes to market.  Requests for repairs is very common in the offer and negotiation process.

 

For more home selling tips visit our website and follow-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!

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

 

Real Estate Update for Whittier and La Habra!

by The Domis Team

The first quarter of 2013 is already behind us, and so far we are on track for the best year we have seen in recent memory! While official data for the quarter is still pending, we're going to share a peek at home sale trends in Whittier and La Habra!

For much of the first quarter, limited home inventory and higher prices have been the story. According to Trulia, median home sale prices in Whittier are up by 15.2% compared to last year. The median home sale price through March was $345,000. Currently, the average list price for a Whittier home is $462,686.

We are seeing from market data that distressed property sales in Whittier are continuing to decline, and the days on market are very short. Only 5% of our current market involves distressed home sales. This time last year, distressed sales accounted for 27% of the market. Whittier homes for sale are averaging only 26 days on market.

Home inventory in Whittier, while well below last year's numbers, has improved slightly in recent weeks, rising by 2%.

La Habra median home sale prices are up by 22.1% compared to this time last year. As of March, the median home sale price was $365,000.  The average list price for a La Habra home is currently $410,521.

About 10% of the La Habra real estate market involves distressed home sales. A year ago, distressed sales accounted for 29% of the market. La Habra homes for sale are spending an average of 22 days on market, which is less than half of the market time experienced last year.

The second quarter of 2013 will likely remain a seller's market. However, there are localized pockets of foreclosures that will continue to affect home prices in some neighborhoods. Statistics give you a general guideline, but please remember that home values and market activity will vary by neighborhood and street.

Whenever you are thinking of buying or selling a home, get the local expertise you can trust! Let the Domis Team show you the real estate opportunities available in our markets today! Whether you need information about your current home value, or you just have a few questions, you can always expect the best in courteous, professional service!

The Domis Team
Prudential California Realty
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New Year's Resolution Debt Reduction Tips for Whittier, CA!

by The Domis Team

The holidays are the most wonderful time of the year, but they can also be the most expensive time of the year! Credit cards make it easy to be generous when buying gifts or hosting parties, but paying off the debt can be difficult.

High balances on your credit cards can hurt your ability to be approved for a mortgage, and can adversely affect your credit score. Here are tips on how to tackle your credit card debt:

1. If you are struggling with your bills, seek help through the National Foundation for Credit Counseling. They can help you form a budget, and they may be able to negotiate solutions with your creditors.

2. Pull a copy of your credit history from annualcreditreport.com and verify the accuracy of the data.

3. Organize your debts according to the highest balance and highest interest rate.

4. Tackle the credit card with the highest outstanding balance and highest rate first. This is the account doing the most damage in interest charges. Make the minimum payments on other debts in the meantime.

5. Once the most expensive card is paid off, re-direct the monthly payment towards the next largest account, and so on.

6. If necessary, consider borrowing against your 401k in order to pay off large credit cards. This strategy must be used with caution. If you do not have the discipline to stop using your credit cards, you could end up increasing your total debt and have less cash flow to deal with it. There are also tax repercussions if you fail to repay a 401k loan.

On the plus side, borrowing against your 401k can help you remove toxic debts and quickly improve your monthly cash flow. Crunch the numbers and be honest about your abilities.

7. Be aware that closing your accounts can actually hurt your credit score. Paying them off is ok; but going the formal route of closing them can cost you points. It's better to simply cut up the cards or put them away to avoid temptation.

By creating a budget and acting upon a debt reduction strategy, you can take control of your finances during 2013! This could enable you to buy a Whittier home and accomplish other long-term goals.

When you are ready to buy or sell a home, turn to us! At the Domis Team, we have the local expertise and the friendly, professional service you can count on. Whether you need a comparative market analysis to find your home value, or you'd like to visit Whittier homes for sale, we are here to help you! Contact us today for the Whittier real estate guidance you can trust!

The Domis Team
Prudential California Realty
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Improving Home Buyer Confidence Seen in Whittier Real Estate Market

by The Domis Team

Home buyer confidence has improved throughout California, according to the 2012 Survey of California Buyers conducted by the California Association of Realtors®.

The survey revealed that 25% of all home buyers believed that home prices will continue to rise in the upcoming year. A year ago, only 8% of home buyers expected price increases to occur in the near-term.

Home buying market trends in Whittier show proof of this confidence. During November 2012, Whittier homes spent an average of only 39 days on market. Home prices are up an average of 4.5% from November 2011. Low home inventory continues to present a challenge.

What factors are driving home buyer behavior in California? According to the survey, these are the key elements:

  • Improved home affordability was a motivator for 45% of buyers.
  • Collectively, California buyers believed that home prices were unlikely to drop.
  • Favorable mortgage rates and terms influenced 11% of home buyers to take action.

Home buyers also reported that mortgage loan approval remained a headache. Down payments of 25% are common among survey respondents. When asked to rate the scale of difficulty for mortgage approval on a scale of 1 to 10, with 10 being the most difficult, the responses averaged a rating of 8.5.

While the survey contains encouraging facts, the difficulty in mortgage lending continues to be a barrier for many home buyers. FHA-backed mortgages remain the most viable financing option for buyers who lack the down payment amounts for a conventional mortgage.

Are you thinking of buying a home in Whittier, La Habra or La Mirada? Start by working with the Domis Team! As your friendly, experienced local real estate professionals, we can put you in touch with reputable mortgage lenders, and help you find the best home buying opportunities in today's market!

Let our professional guidance make your home buying experience a success! Contact us today for the best in Whittier real estate service!

The Domis Team
Prudential California Realty
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Will New Taxes Affect Whittier Real Estate?

by The Domis Team

Look out below! The "fiscal cliff" is looming, causing home buyers and home sellers in Whittier to hold their breath. We're going to clear up a tax misconception and discuss the what-ifs.

For example, the 3.8% "Medicare tax" is not being applied to all home sales.The 3.8% tax is a form of capital gains tax. If the home was your primary residence for at least 2 years, the first $250,000 of profit is exempt from this tax. If you are married filing jointly, that exclusion doubles to $500,000.

You can learn more about how this works by visiting Realtor.org. See point #4 for how the tax applies to certain real estate situations. In a nutshell, this is a capital gains tax that is not limited to real estate, but it has been misrepresented by the media.

Next, there are fears about the removal of mortgage interest from eligible income tax deductions.There is a proposal to reduce or eliminate this income tax deduction for those making more than $250,000 per year.

We can assure you that the National Association of Realtors, the National Association of Home Builders and the Mortgage Bankers Association are united in opposition. Any reduction of the tax benefits could slow the markets, and potentially affect home values across the board.

What about the worst-case scenario, if there is no budget agreement and we plunge over the fiscal cliff? This would be a devastating one-two punch of broad tax increases and massive spending cuts. If the economy tanks and unemployment goes up as a result, more homeowners could default on mortgages. No one wants this, and most economists expect that our elected representatives will find a way to avoid it.

What does it all mean for Whittier real estate? No matter what happens, you still need a place to live, and being at the mercy of your landlord during uncertain times will not be preferable to owning a home. It is understandable to wait a bit, but rather than assume the sky is falling, you should make real estate plans based upon your personal needs. There is only so much you can control, and sitting on the fence seldom helps.

When you are ready to buy or sell a home, turn to us! At the Domis Team, we have the local expertise and the friendly, professional service you can count on. Whether you need a comparative market analysis to find your home value, or you'd like to visit Whittier homes for sale, we are here to help you! Contact us today for the Whittier real estate guidance you can trust!

The Domis Team
Prudential California Realty
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Plenty of Buyers, Not Enough Homes for Sale in California

by The Domis Team

We have buyers, we need more homes! This is the message from among 15,000 real estate professionals in the 2012 Annual Market Survey, conducted by the California Association of Realtors®. Here are the highlights!

Scant home inventory is an issue statewide. Scarce supply continues to boost home prices and cause bidding wars. An amazing 57% of home sales in 2012 involved multiple offers.

The days on market are half what they were a year ago, with 2012 traditional home sales seeing a brisk average of only 32 days. Distressed properties are also moving faster, with short sales averaging 90 days on market during 2012, as opposed to 141 days a year ago. 

The 2012 Market Survey also revealed the following home buying trends in California:

  • 30% of home buyers paid cash.
  • 17% of home buyers were investors.
  • 40% of first-time home buyers are choosing bank-owned properties or short sales.
  • 35.8% of home buyers are first-time buyers, up from 34.2% a year ago.
  • 5.8% of buyers were from other countries, with China and Canada leading the group.

Our local market trends in Whittier show similar patterns. We have ready buyers, but the home supply in Los Angeles County and Orange County is a bit thin!

What this means to you as a home buyer is that preparedness is everything! Working with local real estate professionals will get you better results than trying to "catch" new listings on your own!

If you are thinking of selling a home, you need expert advice and the right strategy to make the most of today's market! It may be tempting to price your home high, but 70% of buyers are still relying on mortgages to finance their home purchase - which means a bank appraisal will be involved.

Selling smart puts you in the best position to attract qualified buyers and attract multiple offers. Let us show you how!

At the Domis Team, our local market experience gives you the professional guidance you need to make your plans a success! Contact us today for the best in Whittier real estate service!

The Domis Team
Prudential California Realty
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Whittier Home Prices Rise as Inventory Falls

by The Domis Team

Are Whittier homes becoming scarce? Whittier is in the midst of declining home inventories, with our October 2012 market posting a 57% drop in home inventories compared a year ago!

Not surprisingly, this has firmed up home prices, putting our median list price at $359,999. This is a 20% gain in the median list price from October 2011.

Another sign of shrinking inventory is the reduction in days on market. Whittier homes spent an average of 40 days on market during October 2012. During this same time a year ago, homes averaged 68 days on market. In short, Whittier homes are selling for more money - and they're selling faster!

The boost in Whittier real estate activity is part of a larger trend throughout California. It's welcome news for homeowners who have been anxious to recover equity; but discouraging news for home buyers who find themselves in unexpected bidding wars.

To find out whether the grass is greener, or cheaper, on the other side, let's look at the Los Angeles Metro area. The latest data from the California Association of Realtors shows a median Los Angeles home price of  $318,470 during September 2012. This represents a 16.4% price gain from the prior year.

Statewide, the California median home price averaged $343,820 in September 2012. This is a price gain of 19.5% from the prior year.

Are higher home prices here to stay? While broader economic trends can affect our Whittier real estate market, higher rental costs and a stronger job market are spurring home demand. At the same time, many homeowners are waiting for better prices before listing a home for sale. Until more homeowners are willing to sell, prospective buyers will feel the squeeze of rising rents and rising home prices. Working with real estate professionals who are local market experts is more important than ever!

Looking to buy or sell a home in Whittier? Look no further! At the Domis Team, we have the local expertise and the friendly, professional service you can count on. Whether you need a comparative market analysis to find your home value, or you'd like to visit Whittier homes for sale, we are here to help you! Contact us today for the Whittier real estate guidance you can trust!

The Domis Team
Prudential California Realty
Visit Our Website
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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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