Spencer Real Estate Group...Experience Matters

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Purchase Price V Interest Rate

Today's buyer is facing a conundrum of epic proportions. It is obvious to most that in many areas of Southern California, prices have flattened out. Luxury sales have slowed dramatically. And, all indicators are that sometime in the near future, we will see a slight adjustment in home values. For that reason, many buyers are thinking that the wise move would be to hold off their purchase. And, most likely get the home they want for less money. And, it is true that historically this would have been a good strategy to employ. Today, I am not so sure. In fact, I am telling my friends and family that today, may be the very best time to buy. That there may not be better time to purchase in their lifetime. Let me explain. While it is true that home values are at near record highs for most of the South-land. It is also true that interest rates are still in the high three percent range for a thirty year fixed rate mortgage. And while property values may drop slightly sometime in the ...
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Bulk Sales Revisited

This past week, I made the trek to Sacramento for the California Association of REALTORS® business meetings. And once again the hot topic was the bulk sale proposal from Freddie and Fannie.  You may remember that a few months ago I told you about Lance Martin (REALTOR® extraordinaire) who almost single handedly led the leadership of CAR to make the decision to lobby against this program. While CAR has sent emissaries to Washington to address the issue, and spent copious amounts of money in print ads in an attempt to rally the public support in opposition of bulk sales in California, it appears that we could in fact be fighting a losing battle. I say this because of the view on the horizon (let me explain). Seven years ago, we were in an incredible real estate market, prices were rising quickly. The average buyer could afford an above average home. And, there was nothing but blue skies all around us. But on the horizon, the companies who had always been there when the mark...
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Weekend Wishes 4/29/18

#WeekendWishes , It is often said that we are the median sum of the 5 people that we associate with most. If they are successful, we are more likely to be as well. Because, we will model the behaviors that they demonstrate. Buy into the values that they espouse. And, commit to the path that they walk. To be clear, the people who would be in your “Five” may very well be different depending on the subject at hand. For example someone who is very accomplished in business may not be a good fit for my “Religion Five”. And, someone who I rely on as a confidante for Fitness, might not be a good fit for my “Business 5” . It should be noted that people will move in and out of your “Five” (if we are being purposeful about our associations) because, of our growth. Their growth. Or, a lack thereof by either party. I have a friend who is by any measure my best friend. He knows all that there is to know about me. And yet, he still likes me. I know, go figure! But th...
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