Home > Advantages

All Roads Lead to Rome


All Roads Lead to Rome

This ancient adage simply means that the facts of a matter point to one conclusion. Since I write articles about lending and real estate, I’ll give you the facts and let’s see if “all roads lead to Rome”, that is we conclude the same thing.

  • Interest rates on 30 year and 15 year fixed rate mortgages are at historic lows.
  • Mortgage interest deduction is still intact.
  • Property values are at or near the bottom of the market in many areas.
  • Owning a home is as cheap as renting in many areas of the country.
  • There are lots of homes being sold everywhere in the country.
  • Loans are being made in all areas of the country.
  • FHA ( Federal Housing Administration) still makes loans to Buyers with 3.5% down and there are still zero down programs!

Private money loans now account for 1% of all loans done in the USA. With a good down payment you can buy a home even if you just did a short sale, had a property foreclosed upon and/or did a bankruptcy or are in bankruptcy.

In the county I live in, the median price for a home has risen for the last 3 months.

America isn’t going to dry up and disappear. It will recover from the current mess.

What do you conclude from the above?

If you are considering buying a home – go and do it right now!

All roads lead to “Home”.

Statistics, Statistics, Statistics

LENDER’S VIEWPOINT
By Forest Tardibuono

 

 

I debated in high school and then went to Arizona State University on a tuition scholarship for debate. Not too long into my college debate team tenure, I discovered concurrently, the girls dormitory housing 1,500 suntanned beauties, 7 oz. beers 6 for a buck, and the pool life around Lemon Grove Terrace – among other things. So much for the debate team.

But from all those years of competition one thing did become clear and that was that statistics require scrutiny. They also need to be compared to other statistics to have any real meaning. Even more important is to look at who was giving forth the statistic and the source of the statistic. You probably innately know this, maybe you don’t. But in these trying economic times people the world over need to be reminded to think for themselves and not blindly trust what we are being told. Bad news and even worse headlines sell newspapers and draw us to news shows on television, radio and the internet. This is in spite of the fact there is good news buried under the headlines. It is commonly known that bad news sells newspapers.

This is really all that is holding down housing right now – the preponderance of bad news. It is really all that is hampering business expansion leading to the current unemployment rate. I have heard it called a lack of confidence. People are beat up about the bad news, the publishing of “bad” statistics. The real drag on the economy is that people get so beat up by bad news they feel like they can’t do anything about it – lack of confidence.

Can you have another viewpoint though? I mean can you subtly change your thinking just slightly?

America isn’t going to dry up and disappear. It will recover from the current mess. Don’t you truly believe that? I do. I mean I’m not done with supporting my family, I’m gonna go camping again and fishing and golfing, and buying clothes and going to church and paying taxes and eating right and eating badly and working my b___ off for all of this. That’s what I’m going to do. And I’m going to go about it confidently and with good cheer because it does not accomplish anything to be other than that. And I’m going to see headlines and statistics and hear news that I’m going to take with a grain of salt because I know their stated purpose is to put forth bad news. So I’m not going to let it affect me one little bit.

My initial purpose for writing this article was to motivate buyers to get out there and buy right now because the statistics I view as a mortgage broker and real estate broker all point to BUY NOW. Get your confidence back in America. That is simply your decision. And the next time you see a bad headline just know that they are probably all bad headlines with the worst statistics. It sells newspapers.

Forest Tardibuono is a CA DRE Broker with over 23 years experience in real estate and lending. His number is (707) 523-2099. See website @ sunpacmortgage.com.

U.S. Housing Market at a Historic Turning Point

LENDER’S VIEWPOINT

By Broker, Forest Tardibuono

[youtube=http://www.youtube.com/watch?v=dZS95YrsMFE&w=588&h=330&hd=1]

 

Nearly two-thirds of economists and real estate experts recently polled say the U.S. housing market is at a historic turning point. This is according to MacroMarkets LLC’s June Home Price Expectations Survey published in June 2011.

In this same article was published a chart that showed a “double-dip” in the price of housing in the U.S. The graph went sharply up until 2005 then dipped down, then rose again and then dipped again – double dip.

That in itself is great news because it confirms the expert opinions indicated above. But what they did not point out, but was plain as the nose on your face, is that the graph, which started in 1987 has gone up and up and up over those 24 years.

Do you think that the value of a home you buy today will be up or down in 24 years? Survey says – UP! And did you really have to think about it? Well if you buy a home today with a payment around what you would rent it for anyway, you get tax breaks because of it, you won’t be forced to move because your landlord is selling the house, and it goes up in value over time – then who cares what the press publishes as the bad news. That’s all they publish is bad news because purportedly, that sells newspapers. Stop reading and listening to the bad news and act on what you already know!

Buy that home now because you know that over time it will pay off.

Forest Tardibuono- the Guy in the White Hat – is a CA DRE Broker with more than 23 years

of experience in real estate and lending. His phone number is (707) 523-2099. Email is Forest@sunpacmortgage.com. See website @ www.sunpacmortgage.com.

Investors Are Buying An Ever Increasing Number Of Homes

LENDER’S VIEWPOINT

By Forest Tardibuono, Guy In The White Hat

Investors Are Buying An Ever Increasing Number Of Homes

[youtube=http://www.youtube.com/watch?v=WGFisHIVFJE&w=448&h=252&hd=1]

 

See why it IS the time to buy a home!

I feel like it is my calling to promote home ownership in America. You might think I have an inherent conflict of interest as I currently own a mortgage and real estate company and have been in the business for more than 23 years doing just that. And that is absolutely true. Unless someone in my vicinity is buying, selling or financing a home, I don’t make a living.

So when faced with the above conflict, don’t buy into my enthusiasm for the American Dream but look at the facts and decide for yourself. I mean really look at the facts and what they mean. That really is what I do as a professional in this field is give people facts, the good the bad and the ugly and let them make an informed decision.

By the way, a gloomy headline in your local newspaper or on the radio or internet is not a fact. Someone, usually not an expert in the field they are reporting in, gathers information about a topic of interest and writes an article. They then look it over, and create a headline for it that is anywhere from alarming to horribly bad. They do that in the hopes that you will read it.

If you are stopped at all from buying a home even though you know you should, stop reading the darn press! Stop listening to the news. Bad news sells newspapers – a fact. I read a recent article that the worse the world events, the more people read the newspaper. They are trying to keep abreast of what is going on and the most widespread mediums they are looking to for information deal in bad news! It stifles you!

Onto the really good news: The above headline is an absolutely key indicator of why you should buy a home right now. In any area you may live, the rough gauge of investor buying is all cash deals. Not all cash deals are by investors but like I say, it is a rough gauge.

In March 2011 in Sonoma County California where I live, all cash transactions accounted for 28% of the homes sold. All cash purchases have accounted for about 10% of the sales over the last decade, but became more common as home prices declined. What do investors know that keep them buying in spite of the bad news? They are probably cheering all the bad news because it keeps competition for these rock bottom home prices to a minimum. They know to buy because the homes bought today can cash-flow. They are buying today because the homes, in my County for instance, are at 50 cents on the dollar from 5 years ago and there will likely not be an opportunity like this again!

So follow their lead. Investors are investors for a reason. Very key indicator.

Forest Tardibuono- the Guy in the White Hat – is a CA DRE Broker with more than 23 years of experience in real estate and lending.  His phone number is (707) 523-2099.  Email is Forest@sunpacmortgage.com.  See website @ www.sunpacmortgage.com. DRE#01464899/NMLS #360993

IS THE MARKET TOO SCARY TO BUY? (By the way – NO!)

Wow, we are being hit by all sides these days.  The money market is in disarray, lay-offs are high, California hasn’t passed a budget.  Can it get any worse than this?  Why would anyone buy?

 It is being blared across the air waves that it’s as bad as the 1920s.  So, can/should you buy? 

Did you know that A LOT of people made money during that depression.  How?  They did not follow the pack.  This is very hard to do.  The best managers of money (Boone Pickens, Warren Buffet, and Bill Gates – for example) are a different breed of cat.  They seem to operate opposite of the crowd.  They buy when no one else is and they will freely tell you to do the same.  It takes a brave soul to not follow the crowd.

There are statistics that show things are not as bad as they seem.  In Sonoma County home sales are up – way up.  First time buyers can finally afford to buy and they are.  There are multiple offers on many homes.  Homebuyer loans are getting approved and people are moving into these homes.  There are not as many homes on the market as there were at the peak in November 2008, which will serve to drive the prices up.

 The moral of the story is – Buy Now!  If you have the required down payment (as low as 3.5%) and can afford the monthly payment (average $1,420 monthly) – do not wait.

 Look to the statistics of what is occurring in THIS market (Sonoma County, Marin County, etc…).  The statistics show a brisk market that is competitive and will only go up from here.

Forest Tardibuono is a CA DRE Broker with over 20 years experience in real estate and lending.  His number is (707) 523-2099.  See website @ sunpacmortgage.com.

Oh, there’s no place like home for the Holidays

‘Cause no matter how far away you roam,

If you want to be Happy in a million ways,

For the Holidays you can’t beat Home Sweet Home.

Ain’t it the truth! As a mortgage and real estate guy, I’m probably a bit more biased towards that viewpoint than most but who will argue the point. Especially at the Holidays! But I must say that the song is especially poignant if you are a Home Owner. And what can possibly be sweeter than buying your first home. Or trading up to your dream home. Or graduating up further, to where you have your Home Sweet Home and can now buy an investment property!

For centuries owning your own home and the land upon which it was built has been deemed the noblest pursuit and a sign of prosperity and security. We all have this ingrained need for this home ownership. It does the heart good to accomplish this. All of us want to accomplish this because it’s in our DNA from eons past. It’s probably a caveman thing originally! I can see my wife picking out the furniture for it with a boulders and logs theme! Or going totally for the animal skins motif like wooly mammoth.

All seriousness aside, I have preached the big 3 reasons to buy in many past Articles – Tax write-offs, appreciation and pride of ownership. That last one is actually buying with your heart, knowing it satisfies way more than the financial side of things. Have you noticed that when you do things from the heart they always seem to work out? It’s funny how it works but accomplishing home ownership can make you “Happy in a milion ways” many of which will end up enhancing your financial situation.

A bit of current events also make for further compelling arguments to buy right now. Rates have recently ticked up. Don’t be left out in the cold on this one. It’s a huge big deal to get a really low rate. The state of California economic forecast brightens. Brighter future means more people have jobs and the competition for homes will stiffen. The median price for homes in Sonoma County recently dipped in October.

All these things can work for you if you just think with your heart right now. There is no place like Home for the Holidays! Your own Home.

Forest Tardibuono- the Guy in the White Hat – is a CA DRE Broker with more than 22 years of experience in real estate and lending. His phone number is (707) 523-2099. Email is Forest. See website @ www.sunpacmortgage.com.