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7 Things To Avoid After Applying for a Mortgage!

7 Things To Avoid After Applying for a Mortgage! | MyKCM

Congratulations! You’ve found a home to buy and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time life changes, consult your loan officer. They will be able to tell you how your decision will impact your home loan.

Below is a list of 7 Things You Shouldn’t Do After Applying for a Mortgage! Some may seem obvious, but some may not!

1. Don’t change jobs or the...

Why an Economic Slowdown Will NOT Crush Real Estate this Time

Why an Economic Slowdown Will NOT Crush Real Estate this Time | MyKCM

Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future:

“While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.”

Their findings coincide with three previous surveys calling for a...

3 Reasons Why We Are Not Heading Toward Another Housing Crash

3 Reasons Why We Are Not Heading Toward Another Housing Crash | MyKCM

With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago.

Here are three key metrics that will explain why:

  1. Home Prices
  2. Mortgage Standards
  3. Foreclosure Rates

HOME PRICES

A decade ago, home prices depreciated dramatically, losing about 29% of their value over a four-year period (2008-2011). Today, prices are not depreciating. The level of appreciation is just decelerating.

Home values are no...

No Worries... Home Prices Coming in for a SOFT Landing

No Worries… Home Prices Coming in for a SOFT Landing | MyKCM

Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time they will come in for a soft landing.

The previous housing market was fueled by an artificial demand created by mortgage standards that were far too lenient. When this demand was shut off, a flood of inventory came to market. This included heavily discounted distressed properties (foreclosures and short sales).

Today’s market is totally different. Mortgage standards are tighter than they were prior to the last boom and bust....

38 Lusk Penthouse - An Urban Retreat

38 Lusk Street, #4 San Francisco CA 94107 – Just Listed

 

Welcome to the Penthouse at 38 Lusk! Live/work loft space in a quaint 6-unit building in the hip, happening and vibrant South Beach neighborhood. Located down a small side street, off Townsend between 3rd and 4th. Live in-the-mix and enjoy Pac Bell Park; Lucky Strike Bowling; District Wine Bar and soon to arrive Warriors Stadium! Easy access to the 4th& King Caltrain Station and freeways. 

38 Lusk...

Will Your Current House Fit Your Needs in Retirement?

Will Your Current House Fit Your Needs in Retirement? | MyKCM

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement.

According to the National Association of Exclusive Buyers Agents (NAEBA), there are 7 factors that you should consider when choosing your retirement...

You DO NOT Need 20% Down to Buy Your Home NOW!

You DO NOT Need 20% Down to Buy Your Home NOW! | MyKCM

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do not own their own homes is because they believe that they cannot afford them.

This brings us to two major misconceptions that we want to address today.

1. Down Payment

A recent ...

1817 California Street, #106 - Just Listed!

1817 California Street, #106 - Just Listed!

This lovely One Bedroom, One bath Pacific Heights Condo just came on the market for $700,000. Perfect entry level home or down sizers looking for a ground level home with easy access to the elevator.

Ground-level Pacific Heights condominium just 1/2 block from Whole Foods. Convenient to nearby shops, restaurants, and entertainment as well as tech bus stops and public transportation. 1.5 blocks off Van Ness with walk score of 98! Patio adjoins landscaped common courtyard with lush gardens and heated pool.
1817 California Pool
Other building amenities include laundry room and shared storage. Unit includes assigned one-car garage space accessible by elevator or nearby stairs. Attractively...

650 Delancey Street #407 - Sold!

650 Delancey Street #407 San Francisco CA 94107 - Sold!

A super hip loft in a historic building, The Oriental Warehouse, a fabulous listing partner and the coolest client I have ever had the pleasure of working with. Feeling very grateful for the whole experience.

Oriental Warehouse Facade

I was fortunate enough to co-list this property with my long time and dear friend, Eric Turner. He is a premiere listing agent in the South Beach neighborhood in San Francisco. We successfully prepared, staged, marketed and sold this live/work loft space together for over asking price. We made a great team, combining our skill sets to get our client the highest and best price for her loft.

Top view of living space - Oriental Warehouse...

Getting Pre-Approved Should Always Be Your First Step

Getting Pre-Approved Should Always Be Your First Step | MyKCM

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach.

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