Dream For All Shared Appreciation Loan down payment assistance program

The California Housing Finance Agency, also known as CalHFA, is rolling out a new down payment assistance program for moderate income and low income first-time home buyers which is known as the “Dream for All Shared Appreciation Loan.” It provides the qualified borrower with the 20% down payment in exchange for a share of the appreciation in value of the home. When the borrower eventually sells the property, they will repay the original down payment loan plus a share of the appreciation in the value of the home.

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Mark Delgado
Appraisal-free Mortgages are Going to be More Common

Modern valuation techniques, which use technology, data and analytics are allowing lenders, borrowers, and investors a more efficient process for successfully closing transactions. This allows a financed buyer the opportunity to compete against all cash offers and to do so at lower costs. If you’re looking to purchase a home, then I encourage you to reach out to me so we can begin the home search together.

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The Benefits of Working with Me as Your Coldwell Banker Realty Agent

If you're planning to sell your home, you're likely looking for a reliable and experienced real estate agent to help guide you through the process. Coldwell Banker Realty is a well-known and respected name in the industry, with a reputation for professionalism, expertise, and excellent customer service. I take pride in being a Coldwell Banker agent, and in my blog post today, I explore the strengths and benefits of listing a house for sale with me as your Coldwell Banker Realty real estate agent. Helping my clients through a successful real estate journey is how I love to spend my time. So, if you have been thinking about making a move, send me a message, and let's chat about it!

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Tips to Help Buyers Make Every Open House Count

Buying a home is a significant investment and a crucial decision for anyone. One of the best ways to make the most out of your home buying experience is to attend open houses. Open houses are a great opportunity to see the property in person, get a feel for the neighborhood, and ask any questions you may have. However, to get the most out of an open house, it's important to know what to look for and what questions to ask. In this blog post, we'll share some tips for home buyers on how to make the most out of viewing a property at an open house.

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Annual Goal Setting for 2023

In all, I am starting the year off with 11 written goals. Five are work related, six are personal related. Once accomplished, I will be looking back at a fulfilling 2023 that resulted in a happier, healthier, and more accomplished me. What about you, do you enjoy setting written goals for yourself? If so and you’re up to it, message me what some of yours are for the year to come. I’d love to hear from you!

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Checking on the Sacramento Real Estate Market as a Buy and Hold Investor

This is promising news to me and I’m excited by the opportunities that the current market is presenting real estate buyers and investors. Over the next weeks I’ll be working on my goals for 2023, and I think adding at least one new rental in the Sacramento area over the next 12 months will be one of those goals. Feel free to reach out to me with any questions or interests you have as they relate to real estate.

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I Revisit our Hypothetical Rental From 2021

The hypothetical rental I was considering at the time was a three-bedroom, two full bathroom home with 1,600 square feet of living space on a 0.16-acre sized lot in an average neighborhood. The median price for a detached single-family home in February of 2021 was $440,000. Rent rates were estimated at $1.25 per square foot, which put our generic home at $2,000 per month.

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Today's Remote Worker, Tomorrow's Modern Nomad?

In addition to the more attractive pricing seen in the condo market, there also is more of a balance at the negotiating table between buyers and sellers than currently exists in the single family home market. Price and balance are two strong influences that should prove this prediction to be accurate.

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Will Spring Bring Balance

For the first time in recent memory, our local real estate market did not experience a slow down over the winter. The limited inventory of available homes ensured that prices continued to climb and days on the market remained brief.

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Do SFR's in the Sacramento Area Still Pencil

Taking a look at Sacramento County, the current median price for a detached single family home during the past six months is $440,000. The median statistics for our generic Sacramento County property is 3 bedrooms, 2 full bathrooms, and a little more than 1,600 square feet of living space with a decent sized yard (0.16 acres). Rental rates in Sacramento will vary depending on where the property is located within the county. For general purposes, I estimate rent to be $1.25 per square foot of living space and in this example, a 1,600 square foot home would generate $2,000 a month in rent.

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Thoughts for the 2021 Real Estate Market

Will that trend continue into 2021? Most forecasts predict that it will. You may have seen a lot of shares on Facebook of the Realtor.com article predicting that Sacramento will be the hottest market in the nation through 2021.

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Sacramento Shines for First Homes and Forever Homes

I decided to write about Kelman’s outlook because I agree with a lot of what he had to say. What he described on the national stage is what I’m seeing here locally in Sacramento. The incredibly low interest rates, which as of this morning were at 2.5% for conventional and 2.25% for FHA, make right now a really good time to buy your first home or your forever home. The incredibly low rates also make it a really good time to invest in 2-4 unit residential income properties. But the stiff competition in the market for single family homes has caused me to personally take a step back from buying / investing in those as rentals.

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What Makes Now a Great Time to Sell

Home values are up, interest rates are down, and your neighborhood is highly sought after. Any one of these factors could lead a home owner to consider selling. With so many contributing factors working in concert, they have created a great real estate market and sellers are taking advantage of it. As the air gets crisp, the leaves start to change their colors, and kids are back in school (sort of) is now still a great time to sell?

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Low Inventory, Low Interest Rates, and a New Refinance Fee

There may be some minor relief for area buyers that have long ago grown weary of the constant competition with each other over our limited housing supply. Summer has ended, the school year has begun, and traditionally these two factors have resulted in a slowing of overall buyer activity.

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Mortgage Rates and News from Dara Delgado Home Loans

The median sales price of existing homes sold in the United States was $304,100 in July 2020, the first time in US history that the median sales price has exceeded $300,000. The $304,100 median price is also a record on an inflation-adjusted basis, besting the $230,200 median sales price from July 2006 (14 years ago), equal to $293,096 in 2020 dollars (source: Nat'l Association of Realtors).

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