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Famanias
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Bonita
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Net enough $$$ from the sale in order to retire
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31 Days
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Previously listed by two other agents and sat on the market for 264 days leading to no interest in the property prior to hiring David.
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There comes a point in a parent’s life where a once crowded house full of kids becomes empty.  In 2016, the Famanias found themselves in this very point in life… the empty nest stage. Their beautiful, large ranch style home in Bonita was now too big for this couple who were getting ready to retire. After much contemplation they decided to put their home on the market. They hired a realtor who listed the property at an unrealistic price selling the Famanias false promises. The property sat on the market for almost 6 months with very little interest. After month 6, they began to work with a second agent who re-listed the property at a lower price but, the price was still too high. At this point the property had become “stale”.

After a grueling 264 days on the market the Famanias decided to withdraw. Shortly after is where I came into the picture. Knowing the history of the previous attempts to sell, we came up with a realistic sales price and an aggressive marketing plan to re create the buzz for this beautiful home. Our plan worked! 31 days after opening escrow, the Famania’s closed this chapter and were financially able to move into retirement. For the past year, the Famanias have been traveling in their camper visiting their kids and grand kids throughout the southwest, enjoying the retired life.
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Dominion West Properties CA DRE #01872063

Miguel Contreras CA DRE #01443317

Copyright © 2019 Agent Prolific. All Rights Reserved.

Copyright © 2019 Dominion West. All Rights reserved. Dominion West, Dominion West Capital, Dominion West Financial and affiliated entities independently owned operated. The Dominion West ® name and symbol are service marks of Dominion West Properties, Inc. CalDRE: 01872063 Equal Housing Opportunity

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Buying and owning your own home is something we always recommend! It’s a wonderful thing to be able to feel a sense of pride and security owning your own place. There are a few things to consider first before making the commitment to purchase.

 

HOW LONG DO YOU PLAN TO STAY?

Typically, the longer you plan to stay in your new home, the more sense it makes to buy. If you envision yourself living in your home for 5 year + , then it makes a lot of sense to buy.

WHERE WILL YOUR NEW HOME BE LOCATED?

If your property is situated in a neighborhood that is experiencing high demand and rising values, it makes a lot of sense to buy.  You should also consider how expensive rents are in that same area and are they trending up or down.

TAX IMPLICATIONS

Mortgage interest is deductible from your taxable income. In the early years of your mortgage, mortgage interest payments are large, thus your tax deductions can be large. If you’re in need of tax deductions, buying should definitely be consideration.

MONTHLY BUDGET

Owning a home does have higher monthly costs associated with it than renting. These costs are associated with property taxes, maintenance, improvements and your mortgage. If you are disciplined with your money and you have some flexibility in your monthly budget – buying would be a great recommendation.

WHAT’S YOUR ABILITY TO AFFORD A HOME

Tax deductions and the potential for sizable equity growth (over time) are two benefits of owning a home, but you should consider the financial obligation you will be committing to when purchase. Typically, housing costs are the largest monthly costs for most households. Additionally, unlike home owners, most renters don’t have to worry about maintenance, upkeep or property taxes. If you are currently strapped on cash – it would not be a good idea to purchase, even if some lenders are willing to finance your purchase.

LIFESTYLE PREFERENCE

If you are willing to stay in one place for some time, buying  would be a great option. If you’re a bit more nomadic and like to move around, buying may not be an optimal choice.

The Buying process can be complicated, but we’ll simplify it for you and walk your thru each step!!

If you have serious questions about buying or even selling real estate, give us a call!

 

Simple, honest and direct

By: Miguel Contreras

What does it mean to file for Bankruptcy?

For this week’s episode of Coffee Shop Confessionals (C.S.C) we met with Jason Turner of J. Turner Law Group at the famous Donny’s cafe in Bonita. We discussed how your financial state can affect your overall happiness, what bankruptcy means, and the steps one can do to file bankruptcy.

Watch the video below:

 

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