Susan Griego Real Estate -The Griego Team

Real Estate Tid-bits from Susan

If you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for. As supply grows and buyers regain negotiation power, you may find you want to do some select repairs with a good return on investment before listing to get ahead of things a buyer may ask you to fix. To decide what's worth tackling, you need expert advice. Let's chat so you know what to prioritize.

Home Inspections For Sellers: How To Prepare If you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for.

Real Estate Tid-bits from Susan

Back in 2008, there was an oversupply of homes for sale. Today, there’s an undersupply. The three main sources of inventory show this isn’t like the last time. Existing homes, new homes, and foreclosures are all way below the levels we saw during the housing crash. Inventory data shows there just aren’t enough homes available to have a repeat of what happened back in 2008.

3 Reasons Why We’re Not Headed for a Housing Crash Back in 2008, there was an oversupply of homes for sale.

Real Estate Tid-bits from Susan

Want to know the biggest mistakes homebuyers are making today? They include everything from putting off pre-approval for too long, holding out for the perfect home, buying more than they can afford, and skipping out on hiring a pro. Let’s connect to make sure you have a pro on your side who can help you avoid these mistakes.

The Biggest Mistakes Homebuyers Are Making Right Now Want to know the biggest mistakes homebuyers are making today?

Real Estate Tid-bits from Susan

Navigating the housing market can be tricky, especially these days. That's why having an experienced guide when buying or selling a home is so important.
Here are just a few of the ways a real estate expert is invaluable:
Contracts – Agents help with the disclosures and contracts necessary in today’s heavily regulated environment.
Experience – In today’s market, experience is crucial. Real estate professionals know the entire sales process, including how it’s changing right now.
Negotiations – Your real estate advisor acts as a buffer in negotiations with all parties, and advocates for your best interests throughout the entire transaction.
Industry Expertise– Knowledge is power in today’s market, and your advisor will simply and effectively explain processes, market conditions, and key terms, translating what they mean for you along the way along the way¬.
Pricing – A real estate...

Why Working with a Real Estate Professional Is Crucial Right Now Navigating the housing market can be tricky, especially these days.

Real Estate Tid-bits from Susan

Are you wondering if the upcoming election will have an impact on the housing market? Here’s what history tells us you need to know if you’re considering a move. Data shows home sales slow in November but quickly bounce back and rise the following year. Prices usually keep climbing. And mortgage rates typically come down slightly. Presidential elections have only a small and temporary impact on the housing market. If you have questions, let’s connect.

How Do Presidential Elections Impact the Housing Market? Are you wondering if the upcoming election will have an impact on the housing market?

SOLD!!! I recently sold this investment condo in North Las Vegas for $230K. This was one of two properties in a trust portfolio which I handled for a trustee. We at Realuxe are licensed in CA, NV, TX, OH & Florida. If you are an Estate Planning Attorney &/or a Trust Administrator, I can help you!!
I take the stress off your shoulders and I keep you fully informed as I move along. You will not have to reach out to ask me what’s happening! I am also a certified probate sales specialist. Text or call for more info at 310. 431. 8826. 🏡🎉☀️

Real Estate Tid-bits from Susan

Wondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. Home prices are expected to climb moderately. Mortgage rates are forecast to come down slightly. And, home sales are projected to hold steady. If you have questions about what to expect for the rest of the year, DM me so we can have a conversation about what it means for you and your plans.

Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC] Wondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. 

Real Estate Tid-bits from Susan

You want your house to sell fast. And you may be wondering how long the whole process is going to take. One way to get your answer? Work with a local real estate agent.

They have the expertise to tell you how quickly homes are selling in your area and what’s impacting timelines for other sellers.

The Growing Supply of Homes for Sale

Over the past few months, the number of homes for sale has increased. This is good news when you move because it means you’ll have more options as you search for your next home. But it also means buyers have more to choose from, so if your house doesn’t stand out – it may take a bit longer to sell.

How It’s Impacting Listings Today

Think of the homes on the market like loaves of bread for sale in a bakery. When a fresh batch of bread is put out, everyone wants the newest and hottest one. But if a loaf sits there too long, it starts to get stale, and fewer...

How Long Will It Take To Sell My House? You want your house to sell fast. And you may be wondering how long the whole process is going to take. 

Real Estate Tid-bits from Susan

Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do.

The truth is, mortgage rates are impacted by a lot of factors: geo-political uncertainty, inflation and the economy, and more. And trying to pin down when all those factors will line up enough for rates to come down is tricky.

That’s why it’s generally not worth it to try to time the market. There’s too much at play that you can’t control. The best thing you can do is control the controllables.

And when it comes to rates, here’s what you can influence to make your moving plans a reality.

Your Credit Score

Credit scores can play a big role in your mortgage rate. That’s why it’s even more important to maintain...

Worried About Mortgage Rates? Control the Controllables Chances are you’re hearing a lot about mortgage rates right now.

Real Estate Tid-bits from Susan

If you’re trying to decide if buying a home is worth it, consider the long-term benefits, like building equity as home values grow over time. According to the FHFA, home values have increased by 315.7% since 1991. Home equity is one reason owning your own place can really pay off in the long run. When you're ready, DM me.

The Wealth-Building Power of Homeownership [INFOGRAPHIC] If you’re trying to decide if buying a home is worth it, consider the long-term benefits, like building equity as home values grow over time.

Real Estate Tid-bits from Susan

With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home. That’s only natural as you think about the dollars and cents of it all.

And while you ultimately need to be able to afford a home you buy, don’t lose sight of why homeownership was so important to you in the first place. That’s because buying a home is so much more than just a financial transaction.

Here’s a look at just a few of those more emotional or lifestyle perks, to help anchor you to why homeownership is one of your goals.

A Sense of Satisfaction

Owning a home is often associated with better mental health and well-being. T

More Stability for Your Family

Another thing that may make homeowners feel more satisfied is that they’re finally able to put down roots.

A Stronger Feeling of Community

And if you’re also looking for a sense of belonging...

More Than a House: The Emotional Benefits of Homeownership With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home.

Real Estate Tid-bits from Susan

Buying a home has powerful financial and non-financial benefits. It creates more stability, helps grow your net worth, and gives you an undeniable sense of pride. While today’s market can be challenging for buyers, use these reasons to remind you of why homeownership is so worthwhile. When you’re ready to enjoy all the amazing advantages that come with owning a home, let’s get in touch.

Top Reasons To Own a Home [INFOGRAPHIC] Buying a home has powerful financial and non-financial benefits.

Real Estate Tid-bits from Susan

The asking price for your house can impact your bottom line and how quickly it sells. Both under- and overpricing have drawbacks. So to find the right price for your house, lean on your agent for their expertise. Don’t pick just any price for your listing. Trust your real estate professional to help you find the perfect price for your house.

Your Agent Is the Key To Pricing Your House Right [INFOGRAPHIC] The asking price for your house can impact your bottom line and how quickly it sells.

Real Estate Tid-bits from Susan

While renting may be less expensive in some areas right now, there are two big benefits homeownership provides that renting can’t. Owning a home means you get to say goodbye to rising rents and hello to stability. It also gives you the chance to gain equity as home values rise over time. If you’re ready to learn more about the perks of owning a home, let’s chat.

Should I Rent or Buy a Home? [INFOGRAPHIC] While renting may be less expensive in some areas right now, there are two big benefits homeownership provides that renting can’t. 

Real Estate Tid-bits from Susan

If your needs have changed, now’s a great time to sell and get the features you want most. Many buyers are eager to move between the school years, so you may see a faster sale, multiple offers, a higher final sales price, and more. If you want to get your house ready for a summer listing, let’s connect.

The Sun Is Shining on Sellers This Summer [INFOGRAPHIC] If your needs have changed, now’s a great time to sell and get the features you want most.

Real Estate Tid-bits from Susan

Having a hard time finding a home in your budget? Builders may have a solution that can help. Builders are shifting their attention to what buyers want most right now – smaller, more affordable homes. If you want to see what’s available locally and in other areas nearby, let’s connect and explore your options together.

Builders Are Building Smaller Homes [INFOGRAPHIC] Having a hard time finding a home in your budget? Builders may have a solution that can help.

Real Estate Tid-bits from Susan

If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan your move.

The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through.

The Latest on Mortgage Rates

Rates have been volatile – that means they’re bouncing around a bit. And, you may be wondering, why? The answer is complicated because rates are affected by so many factors.

Things like what’s happening in the broader economy and the job market, the current inflation rate, decisions made by the Federal Reserve, and a whole lot more have an impact. Lately, all of those factors have come into play, and it’s caused the volatility we’ve seen.

Professionals Can Help Make Sense of it All

While...

The Best Way To Keep Track of Mortgage Rate Trends If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind.

Real Estate Tid-bits from Susan

You may have seen reports in the news recently saying it’s more affordable to rent right now than it is to buy a home.

How Equity Changes the Game

If you rent, your monthly rental payments only go toward covering your housing costs and your landlord’s expenses. So other than saving a bit more per month and maybe getting your rental deposit back when you move, the money you spent on housing each month is gone – forever.

When you buy, your monthly mortgage payment pays for your shelter, but it also acts as an investment. That investment grows in the form of equity as you make your mortgage payment each month and chip away at what you owe on your home loan. Your equity gets an extra boost as home values climb – which they typically do.

Imagine you purchased a home for $400,000 at the start of this year. Chances are, since you bought, you plan to stay put for a while. Based on the HPES...

Is It Better To Rent Than Buy a Home Right Now? You may have seen reports in the news recently saying it’s more affordable to rent right now than it is to buy a home. 

JUST SOLD for $1.7M !! This 2B/2Ba in the Rancho Park area of Westwood In Los Angeles sold quickly!! I work all across the Los Angeles and Orange Counties. Call/Txt me today @ 310.431.8826 for information regarding your regular or trust/probate sale. This home required quite a bit of TLC to get it ready for market, but it was put in optimum sale condition for a low investment which yielded BIG results!! Call/Txt me today @ 310.431.8826 for information regarding your regular or trust/probate sale. My team and I can help you!!

Real Estate Tid-bits from Susan

Buying a home this spring? If you’re having a hard time finding a home you love, and mortgage rates are putting pressure on your budget, it may be time to look at newly built homes. Here’s why.

New Home Construction Is an Inventory Bright Spot

When looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. While the number of existing homes for sale has increased this year, there are still fewer available than there were in more typical years in the housing market, like back in 2018 or 2019.

So, if you’re looking to expand your pool of options even more, turning to newly built homes can help. And the good news is, there are more newly built homes to pick from right now.

Builders Are Offering Incentives To Help with Affordability

And to sweeten the pot, builders are offering things like mortgage...

Newly Built Homes Could Be a Game Changer This Spring Buying a home this spring?

Real Estate Tid-bits from Susan

One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale. But that’s starting to change.

Does That Mean Finding a Home Is Easier?

The answer is yes, and no. As an article from Realtor.com says: “There were nearly 15% more homes for sale in February than a year earlier . . . That alone could jolt the housing market a bit if more “For Sale” signs continue to appear. However, the nation is still suffering from a housing shortage even with all of that new inventory.”

Context is important. On the one hand, inventory is up over the past few years. That means you’ll likely have more options to choose from as you search for your next home.

But, at the same time, the graph above also shows there are still significantly fewer homes for sale than there would usually be in a more normal, pre-pandemic market. And that deficit isn’t going to...

Is It Easier To Find a Home To Buy Now? One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale.

Real Estate Tid-bits from Susan

Trying to buy your first home? If you’re worried about affordability today or the limited number of homes for sale, these tips can help. Look into homebuyer programs, expand your search area, and consider a multi-generational home. DM me so you have an expert on your side to help you make your dream a reality.

3 Helpful Tips for First-Time Homebuyers [INFOGRAPHIC] Trying to buy your first home? If you’re worried about affordability today or the limited number of homes for sale, these tips can help.

Real Estate Tid-bits from Susan

Thinking about selling your house and wondering if now’s a good time to do it? Here’s what you need to know. Even though the number of homes for sale has been growing this year, there still aren’t enough homes on the market for all the buyers who want to buy.

So, what does that mean for you? To keep it simple, it means it’s still a seller’s market. Here’s how it works:

• A neutral market is when supply and demand is balanced. Basically, there are enough homes to meet buyer demand based on the current sales pace, and home prices hold fairly steady.

• A buyer’s market is when there are more homes for sale than there are buyers.

• In a seller’s market, it’s just the opposite. When the supply of homes for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which can lead to more bidding wars...

Why Today’s Seller’s Market Is Good for Your Bottom Line Thinking about selling your house and wondering if now’s a good time to do it?

Real Estate Tid-bits from Susan

Wondering if now’s a good time to sell your house? Based on how many homes are on the market, there are two big reasons why this spring is looking so good for sellers. Thanks to an uptick in inventory over last year, you’ve got more options for your next home. But there are still fewer homes for sale than there’d normally be, meaning your house should stand out and get a lot of attention from buyers. If you want to sell your house, this spring is the sweet spot. When you’re ready, let’s chat to get the ball rolling.

The Spring Market Is a Sweet Spot if You’re Looking To Sell [INFOGRAPHIC] Wondering if now’s a good time to sell your house?

Real Estate Tid-bits from Susan

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows. And spoiler alert: that’s not in the cards. Instead, experts say home prices are going to keep going up.

Today’s market is very different than it was before the housing crash in 2008. Here’s why.

It’s Harder To Get a Loan Now – and That’s Actually a Good Thing

It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back then, banks had different lending standards, making it easy for just about anyone to qualify for a home loan or refinance an existing one.

There Are Far Fewer Homes for Sale Today, so Prices Won’t Crash

Because there were too many homes for sale during the housing crisis (many of which were short sales and foreclosures), that caused home prices to fall dramatically. But today...

Why We Aren't Headed for a Housing Crash If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows.

Real Estate Tid-bits from Susan

If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. That’s because even a small change in mortgage rates can have a big impact on your purchasing power. The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage lender.

How Changing Mortgage Rates Impact You [INFOGRAPHIC] If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.

Real Estate Tid-bits from Susan

Homeownership is a major part of the American Dream. But, the path to achieving this dream can be quite difficult. While progress has been made to improve fair housing access, households of color still face unique challenges on the road to owning a home. Working with the right real estate experts can make all the difference for diverse buyers.

It's clear that achieving homeownership is more challenging for certain groups because there’s still a measurable gap between the overall average U.S. homeownership rate and that of non-white groups.

According to a report by the National Association of Realtors (NAR), almost half of Black homebuyers in 2023 were first-time buyers. That means many didn’t have home equity they could use toward their home purchase.

That financial hurdle alone makes buying a home more challenging, especially at a time when affordability is a major concern for...

Bridging the Gaps on the Road to Homeownership Homeownership is a major part of the American Dream.