Amy Ruiz

Los Peligros de Tratar de Acertar el Mercado

Los compradores que esperan hasta que los precios bajen toman una decisión que requiere suerte en el precio de la casa y el tipo de interés. Muchos compradores no comprenden que un salto del 1 por ciento en el tipo de interés anula un 10 por ciento en el precio de la casa. Si el interés aumenta anula el precio de la casa. Precio de la casa Precio de la casa $200,000 Si el precio baja... [Read more...]

The Hazards of Timing the Market

Buyers who wait until prices come down are making a decision that requires luck in both the price of the home and the interest rate. Many buyers don’t understand that a 1 percent jump in interest rate nullifies a 10 percent drop in home prices.   Drop in Home Price Is Offset by Increase in Interest Rate Home Price Starting Price $200,000 5% Drop $190,000 10% Drop $180,000 Interest... [Read more...]

The Impact of Interest Rates on Mortgage Payments

Everyone Wants a Lower Price, But What About the Impact of Interest Rates? When shopping for a home, the natural tendency of any buyer is to want to pay the lowest price possible.  It’s important to keep in mind, however, that the sales price is not the only factor that determines what the monthly payment will be.  In fact, the impact of higher interest rates can easily nullify any benefit... [Read more...]

San Diego Real Estate Market is changing from Buyers to Sellers Market

Is it a good time to buy a home in San Diego?  It’s a great question and one that I get asked quite often.  My answer is definitely yes!  Why?  The interest rates are still very low and property values are at their lowest in a long long time.  In fact, if you are looking to buy a home and don’t hurry up and get in the game, you just might miss out on this buyers market! The majority... [Read more...]

What is a Short Sale?

Contrary to the Real Estate Term “Short Sale”, there’s nothing short about a short sale!  So exactly what is a Short Sale?  A real estate short sale is simply a negotiation between the homeowner and their mortgage lender to accept less than what they are owed on the loan. This means that a home owner is trying to sell their home (for less than what they owe on it), because they... [Read more...]

Amy Ruiz