Archive for September, 2016

Bob Bodemer - Experience AND Relativity with Millennials

Friday, September 30th, 2016

To my Millennial homebuyers: I understand that what is important to buyers change over generations.  I am committed to giving these valued clients what they seek:

1. I  ask questions about my client’s motivation for moving, their ideal future home and their financial process. This can make the decision process easier, and can help me approach them with the right home opportunities to pick a home they love, rather than just because it has a good listing price. While knowing sacrifice may be necessary, by asking my clients to prioritize their needs, they’ll be able to make a tough decision if needed.

2. As an experienced real estate agent, I know that buying a house costs more than just the listing price. However, most first-time buyers are unaware of this. While they may have fallen in love with a property that seems to be in their budget, after property taxes, HOA fees and commuting costs it could be more than they’re able to afford. To avoid this problem from the beginning, I give my clients a list of additional expenses I feel they might overlook. Homes.com also provides a customizable first-time buyer’s resource to help clients learn the basics of home-buying so they won’t be shocked by an unexpected event. My expertise as an agent, allows me to create a better relationship with my clients.

3.We’re finally there – my clients and I have found their perfect home and made an offer. The seller agreed on the price and we’re ready to close. First-time buyers will surely be anxious to wrap up the transaction as soon as possible so they can move into their new home. However,  I remind them that it’s important to take the extra time to fully understand the obligations of their contract. It is incumbent upon myself as a professional to exceed expectations here, especially because navigating tedious contracts will be completely foreign to most home buyers. I am sure to explain their contract in a way that will put their minds at ease and help them feel satisfied with their decision. Making the closing process as stress free as possible is the primary reason that clients  feel comfortable recommending me to friends and family who may be looking for an agent in the future.

Affordability - Watch it Slip Away?

Friday, September 30th, 2016

THE FACTS ABOUT HOMEOWNERSHIP:

49% OF MILLENNIALS SURVEYED SAID THEY ARE UNAWARE OF THEIR QUALIFICATIONS TO OWN A HOME.

INTEREST RATES = PRICE OF MONEY TO BORROW FOR HOME PURCHASES. SUPER LOW INTEREST RATES ARE THE RESULT OF THE LINGERING GREAT RECESSION. (LACK OF DEMAND FOR MONEY TO FINANCE BUSINESS GROWTH). BANKS ARE THROWING MONEY AT HOMEOWNERS (QUALIFIED BUYERS ONLY…. SINCE LOANS TO UNQUALIFIED HOMEOWNERS CAUSED THE HOUSING “BUBBLE” TO “BURST”.)

DUE TO SUPPLY AND DEMAND FOR HOMES IN SOUTHERN CALIFORNIA (ONE OF THE MOST DESIRABLE PLACES TO LIVE IN THE WORLD WITH CASH BUYERS APLENTY), PRICES OF HOMES ARE ON THE RISE AGAIN (NO BUBBLE THIS TIME)

AN OVERWHELMING MAJORITY OF POLITICIANS ARE IN SUPPORT OF STEPS TO GROW THE US ECONOMY (THINGS ARE CHANGING – BIG TIME!)

WHAT DOES THIS MEAN TO ME?

WHAT DOES THIS MEAN? IT MEANS THAT ONCE THE DEMAND FOR MONEY TO FINANCE ECONOMIC RECOVERY BEGINS, BANKS WILL RAISE THE RATES BECAUSE THEY KNOW DEMAND IS STRONGER.

IT MEANS THAT THE HOME YOU QUALIFIY TO BUY NOW MIGHT BE OUT OF REACH IN AS SOON AS ONE YEAR.

BELIEVE IT! PAY ATTENTION TO THE FACTS. LOCK IN YOUR HOME PRICE AND INTEREST RATE ASAP!

KNOW YOUR OWN QUALIFICATIONS

If you are renting a home, it is high time that you know what you qualify for NOW, while you still can choose to own a home. Once you understand the numbers about owning a home, you just might (likely WILL) make a smart decision for your financial future as well as the quality of life for you and your family. Your rights as a homeOWNER are much different than those of a tenant without the uncertainty of a month to month or annual lease.

My name is Bob Bodemer. I have served my clients in the Temecula Valley for 15 years. I believe in the strength of this community for families.  CONTACT ME to get you started on the path of owning your own home.

Sincerely,

Bob Bodemer 951-833-8302