Riverside County

Top Reasons to Own a Home

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Top Reasons to Own a Home-

Buyers all across the nation are making their dreams come true. They’re signing on the dotted line and grabbing hold of the keys to a family home. Despite record low interest rates, many potential buyers are delaying the decision to buy. What’s keeping you on the sidelines?

Let’s take a look at the top reasons to own a home.

Building equity. Writing a check to the landlord is like lining their pockets with your potential equity. It is money you never get back. Owning your home means building equity. Each and every mortgage payment is going towards paying down part of the principal.

Predictability. Gas and grocery prices may rise, but a fixed rate mortgage is as predictable as they come. Your mortgage payment will be X amount for the life of the loan.

Tax Breaks. Did you know that you can deduct the interest you pay each year on your home? You can deduct the cost of your property taxes. Even making energy efficient upgrades can be tax deductible.

Appreciation. Over the years (real estate is a long term investment) your home should gain value. According to the National Association of Realtors (NAR) “The number of U.S. households is expected to rise 15% over the next decade, creating continued high demand for housing.”

Social Benefits. We’ve talked about the financial benefits of owning a home, but did you know that homeowners generally rate themselves as being happier and healthier than their renting counterparts? Part of this is thanks to the stability that homeownership brings. Homeownership can be a great way to secure future financial security and freedom. So, what’s stopping you from getting into the market? There’s never been a better time to buy!   exert from realtytimes.com

For tax, investment or ownership advice we suggest you contact an attorney or certified public accountant. All information deemed reliable but not guaranteed.

Feeling inspired?  Tired of renting?  Want to paint that wall hot pink?  Give us a call for a no pressure overview on what it takes to get started down the path to home ownership in the Temecula Valley.  We’ve been helping people just like you for 18 years!

Call, Text, or Email April Greer at 951-522-0518 or april@teamgreer.com

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California Median Home Price

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April Home Sales and Price Report

Statewide median home price climbs,

breaking $500,000 for first time in nine years!

April’s statewide median home price was $509,100, up 5.3% from March and 5.1% from April 2015.

C.A.R.’s Unsold Inventory Index, which indicates the number of months needed to sell the supply of houses currently on the market at the current sales rate, slipped to 3.5 months. A 6-to-7 month supply is considered typical in a normal market.

According to C.A.R.’s sales to list price ratio, tight inventories appear to be driving final sold prices closer to listing prices, with sales prices rising to 99.3% of listing prices statewide.

The median number of days it took to sell a single-family home fell in April to 27.7 days, compared to 29.9 days in March.

Taken from CAR.org  5-18-16 All information deemed reliable but not guaranteed. For tax, investment or ownership advice we suggest you contact an attorney or certified public accountant.

Median = half more/half less

Find out what this means to the value of your home in Southwest Riverside County.  Temecula, Murrieta, Menifee, Hemet, Winchester, Wildomar, Lake Elsinore & French Valley.  We are available by phone, text and email (951) 522-0518, april@teamgreer.com

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Be The Good, Buying or Selling the Temecula Valley

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BE  Please join our “Be The Good” campaign

by buying or selling real estate with us.  You choose from the organizations listed below where 5%* of our earned commissions will be sent.  It’s that simple.  We are already supporting these great non-profits (and others) but together we can do more!

Rancho Damacitas (951) 302-2317  Our local foster care home(s) with children and family services with a powerful new branch called Project Independence for youth transitioning into adulthood

Michelle’s Place (951) 699-5455 Our local breast cancer resource center

Project Touch (951) 677-9661 Our local homeless and emergency shelter group

Samaritan’s Purse  A global humanitarian relief organization

Community Mission of Hope  (951) 444-1404  Helping families and individuals in need with food and hygiene items, as well as financial counseling.  Partners with the City of Temecula and the The Temecula Food Pantry.

Gary and April Greer have been connecting qualified Buyers and Sellers in the Temecula Valley since 1998…they are just a quick call, text or email away at 951-522-0518 or april@teamgreer.com

????? *cannot be offered on corporate or professional referrals.

What is Probate, Temecula Valley, California?

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Probate is a scary word in real estate since it is not a majority sale type.  Agents and Buyers have little experience with the ins and outs so the typical result is to avoid these types of sales.  We’ve had the privilege this year to participate in 4 probate transactions and successful court approved closings so we have a little more confidence in the process and what is expected by the parties involved.

So what is probate?  Probate is the legal process that results in a court validating someone’s will or determining that he or she died without one. The court, as part of the probate, will appoint someone to handle the bills of the deceased as well as his or her assets.

I’ve located an article that really drills down and explains some of the finer points here at

Overview of the California Probate Process  Please keep in mind that laws are constantly changing.  We strongly recommend that you seek legal counsel prior to making any decisions based on information provided by this blog.

If you find yourself or a family member in a situation where a probate sale may be necessary, please give us a call so that we can share our marketing strategies.  Keep in mind that these type of sales are generally avoided so an excellent marketing strategy and good communication skills will make a huge difference in bridging the gap of understanding with the public resulting in a faster sale at a higher price.

Our primary areas of experience include Temecula, Murrieta, Menifee, Wildomar, Hemet, Winchester, French Valley and Lake Elsinore.  We look forward to your call!  April Greer at 951-522-0518 or april@teamgreer.com

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Southern California Home Sale Statistics

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JUNE RE CAP of Southland Home Sales

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Cash Buyer accounted for 22.3% of June 2015 home sales. That was down from June 2014 when cash buyers were at 25.9% of the market. The peak was 36.9% in February 2013. Since 1988 the monthly average for cash buyers is about 17% of all sales.

Absentee buyers (investors and second home purchasers) bought 21.1% of Southland homes sold in June 2015. The peak was 32.4% in January 2013. The monthly average for absentee buyers since 2000 is about 19.0%.

The median price paid for all Southern California homes sold in June 2015 was $442,000. That is 12.5% below the peak median price of $505,000 reached in March, April, May and June of 2007.

Foreclosure re-sales (properties foreclosed on in the prior 12 months) represented only 3.8% of the Southland re-sale market in June 2015. That was down from 4.6% in June 2014. Foreclosure resales peaked at 56.7% in February 2009.

Short sales made up an estimated 3.1% of Southland re-sales in June 2015. That was down from 4.6% a year earlier.

Home Sales of $500,000 or more accounted for 41.7% of all Southland home sales in June 2015, which is up from 37.9% for June of last year and is the highest level for any month since September 2007 when it was at 44.4%.

Taken from CoreLogic.com  July 19, 2015

Real Estate in your area is constantly changing…if you live or want to live in the Temecula Valley we are just a phone call away at 951-522-0518 or april@teamgreer.com

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FHA Loan Limits Riverside County

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FHA has announced their 2014 loan limits.

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Riverside County (our area) is getting quite the cut.

We’re going from $ 500,000 to $ 355,350.  Wow.

Read more details and see the new limits by county at Brad Yzerman’s site here.  Brad is a local lending expert that has successfully closed several loans for our clients.

NEED HELP WITH YOUR TEMECULA VALLEY REAL ESTATE?  GIVE US A CALL (951) 522-0518 OR april@teamgreer.com

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