Central Coast Homebuyer Myths, Debunked

Central Coast Homebuyers

Central Coast Homebuyer Myths

Are you wanting to buy a Central Coast home? Do you keep talking yourself out of it because you can’t afford a mortgage, or you don’t have enough saved for a down payment? As your Central Coast real estate agent, I am here to tell you that if you want to buy a home, make sure you aren’t putting it off because of false beliefs! Allow me to debunk some of the most common home-buying myths.

Mortgage payment affordability – If you think you can’t afford a mortgage, let me ask you this. Are you currently paying rent? Because rent is often more expensive than what you’ll pay in a monthly mortgage, especially while mortgage rates are low! Plus, unlike with rent, you’ll see your money again when you go to sell. Homeownership is like forced savings for the future.

Credit history – If you have poor credit, there are still options. A lender may still approve you, but with a higher mortgage rate or higher down payment. Some private mortgage insurance programs allow a credit score as low as 620. Plus, you can always start improving your credit for a future purchase. Credit is not permanent, so start improving it today!

Down payment – If you don’t have 20 percent of the cost of a home saved, you are not alone! This is the leading cause of putting off a home purchase. However, the majority of buyers don’t buy with 20 percent down. You can get a mortgage with as low as 3 to 5 percent down. Also, it’s worth looking into down payment assistance programs if you have stable income and good credit.

Home prices – If you fear that you won’t find a Central Coast home in your price range, remember that you don’t have to purchase your last home first. In other words, it’s okay to start out with a smaller home, or a home that needs improvements, and then to sell later on and move up to a home that you’d rather live in. You will still be investing in your future rather than throwing away money on rent!

For more home-buying myths debunked, check out this realtor.com article. If you have questions about the home-buying process, contact me, your Central Coast real estate agent. I will be happy to clear things up for you and to help you understand the current conditions of the Central Coast real estate market!

It’s a great time to buy, with mortgage rates low. Rates and home prices are expected to continue to increase, so the sooner you buy, the better! We have many listings available around Lake Nacimiento and throughout the Central Coast region right now. Contact me, and let’s work together to find you a home that you can afford and that you’ll be happy living in!

Grace Borzini

Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

About Grace Borzini

Grace Borzini is the Owner of Oak Shores Realty with offices in Monterey and SLO counties. She is a Central Coast native and a real estate expert who focuses on Monterey County and San Luis Obispo County. Grace has over 15 years of professional real estate experience, with over 1,000 completed transactions. Her aptitude for negotiation, along with her insights for home values and market direction, enable her to maximize opportunities for her clients. Grace understands the significant concerns that come with buying or selling a home. Her patience, empathy and problem-solving skills are lauded in the many client testimonials she receives. Her reliable guidance and excellent service earn her repeat business and referrals. Grace Borzini accomplishes a high volume of production by leveraging the talents of her experienced team, who assist with marketing, administrative functions and transaction management. Grace also employs the latest technology to ensure that her clients receive timely, accurate information that is critical to their buying and selling decisions. Grace has a strong network of industry peers and service providers who provide valuable resources to her clients. From attorneys, to mortgage lenders and contractors, Grace has an array of professionals to help you meet your real estate goals. She also has an excellent rapport with area homebuilders and can refer you to trustworthy craftsmen in the Central Coast. Grace’s real estate affiliations and professional credentials include: • The Paso Robles Association of Realtors • Monterey Association of Realtors (MCAR) • Women’s Business Enterprise National Council (WBENC) • Oak Shores Realty is a certified Woman Owned Business • National Association of Asian Real Estate Professionals (AREAA) • National Association of Realtors (NAR) • California Association of Realtors (CAR) • RES.Net Integrated Business Partner • Certified Distressed Property Expert (CDPE) • National Association of Hispanic Real Estate Professionals (NAHREP) • The Elite Real Estate Network (ERN) Grace knows that strong communities are essential for sustaining the fine quality of life in the Central Coast. For this reason, Grace will pledge 25% of their commissions to the Community Foundation for Monterey County, or the South County Affiliate fund, according to the wishes of their clients. Find out more about this unique program by visiting www.CharitableRealEstate.net. When Grace isn’t providing real estate services to home buyers and home sellers, she enjoys spending time at Lake Nacimiento with her husband and their children: Bryson, a Mechanical Engineer for P2S Engineering in Long Beach, and Kambree, a student at Cal Poly San Luis Obispo.

Central California Real Estate Agent, Home Tips for Lake Nacimiento, Local News 2017, Oak Shores Real Estate Market News, ,

Leave a Reply

Your email address will not be published. Required fields are marked *