Tag Archives: Lake Nacimiento Real Estate Agent

Make the Most of Your Time at Lake Nacimiento

Lake Nacimiento Activities

Spend quality time at Lake Nacimiento

Whether you live on Lake Nacimiento permanently, you stay in a long-term or vacation rental, you visit for a weekend of camping or glamping, or you visit for a day trip, make the most of your time at the lake! Summer is quickly coming to a close, so as your Lake Nacimiento real estate agent, I am here to offer you some tips on how to increase the quality of your lake time.

I recently came across a blog post from Mommy Has a Story about a couple who spent their wedding anniversary at Lake Nacimiento. Her tips were offered for how to have a romantic lake getaway, but most of them hold true for anyone looking to spend quality time at the lake!

Take a page out of her rulebook:

1.  Go cell phone and Wi-Fi free. Whether you’re here for a short trip or a permanent stay, it’s a great reminder not to spend all of your lake time on your phone. Take a few pictures, then put the phone away. This will force you to talk and interact with each other, which could result in better memories!

2.  Bring music. Music is always a great way to amp up the energy and make the atmosphere fun! Bring a portable CD player, or load up songs on your smartphone and bring portable Bluetooth speakers. The internet might not work on your phone, so plan ahead with a playlist!

3.  Go boating. If you spend time at Lake Nacimiento, you’ll want a boat! Whether you have your own, or you rent one, be sure to spend quality time on the water. It could be a speed boat, pontoon boat, fishing boat, kayak, paddle board, blowup tube, whatever you prefer. If it gets hot, jump into the water!

4.  Get out of your comfort zone. Do something that you normally don’t do at Lake Naci. If you usually cruise around on a pontoon boat, consider trying your luck at some water sports off a speed boat. Jump off some of the cliffs around the lake. Rent a jet ski. Get your adrenaline pumping!

5.  Bring wine. Every occasion is better with some local Central Coast wine, am I right? Take some time to go wine tasting in the Paso Robles region and get to know the local wineries. Purchase a bottle or two of your favorite wines and enjoy from your deck or around a campfire.

Keep things interesting by trying some new activities at Lake Nacimiento before summer is up, and make sure the time you spend with loved ones is quality time! If you’re interested in purchasing a Lake Nacimiento home, contact me. As a Lake Naci real estate agent, I am here to help you accomplish all of your buying and selling goals in the Central Coast real estate market!

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.

How to Stage Your Lake Nacimiento Home to Sell

Lake Nacimiento Real Estate

Lake Nacimiento Home Staging Tips

If you are getting ready to sell your Lake Nacimiento home this summer, it’s important to stage the home to sell! This means that when buyers look at the photos or view the home in person, it will look as much like a model home as possible, and the buyer will be able to imagine living there. As your Lake Nacimiento real estate agent, allow me to offer you some tips on this!

There are certain areas to focus on when staging any home to sell, such as the front entrance, because that is what buyers will view first. However, when selling a lake home, there are also special ‘lake features’ that you should focus on if you have them!

Here’s a rundown of how you should prepare your Lake Nacimiento home for a sale:

1.  Show off the lake! If you’ve got views of the lake from your home, flaunt them! Clean all of your windows, but especially the ones that face the lake, as buyers will definitely be checking out the view. Remove lamps, window treatments or anything else that may be blocking the view. Make it obvious!

2.  Improve your lake amenities. If you’ve got a private dock, replace worn or broken boards, and consider painting or staining it. Many homeowners neglect this task, so you’ll stand out! If you’ve got a beachy area on you property, remove weeds and rake the sand to make it look clean and inviting.

3.  Spruce up outdoor space. A lake homeowner is going to want to spend time outdoors. Clean, stain and/or upgrade your deck, patio or whatever outdoor space you’ve got, especially that which faces the lake. Mow the lawn, add beautiful landscaping, set an outdoor table for a barbecue, etc.

4.  Wash your exterior. You should literally wash your home’s exterior with a power washer, to remove dirt and debris that has built up over time. Wash the outside of the windows, trim trees and bushes, wash driveway, sidewalks and all walking surfaces, wash light fixtures and mailbox… you’ve got the idea.

5.  Clean the interior. Same goes for the interior! Clean everything until your Lake Nacimiento home looks cleaner than it’s ever been! Remove as much clutter as you can. Take down personal photos and refrigerator drawings and make the home as neutral as you can.

6.  Emphasize lake living. Once you take away personal photos, toys, homemade art, clutter, etc., your home might look empty! Purchase some affordable artwork of lakes, sunsets, boats, etc. If you’ve got photos of Lake Naci that you’re proud of, frame those! Offer a map of the lake and area.

If buyers are looking to buy a Lake Nacimiento home, it means they want to enjoy lake living! As a seller, it’s in your benefit to emphasize the lake as much as you can. Need more tips for selling your Lake Naci home? Ready to list it? Contact me! As a Lake Nacimiento real estate agent, I am here and ready to help you out!

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.

Is Your Central Coast Home Not Selling?

Central Coast Home Sellers

Central Coast Home-Selling Tips

When you decide to sell your Central Coast home, the first few weeks that it’s listed on the Central Coast real estate market are the most important! This is when you will gain the most traffic from interested buyers. While it may not sell immediately, if months start going by without a sale, it’s time to reevaluate the situation. This is true for sellers who are selling FSBO or working with an agent.

Here are some of the most common reasons for a home not selling:

1.  Your home is overpriced. This is the main reason for a home not to sell. If you or your agent overvalued your property, buyers will choose similar homes that cost less. Compare your property to similar properties in the area that sold recently and see if your price is on par with those. You could always hire an appraiser to complete a pre-sale appraisal, but an experienced Central Coast real estate agent should be able to help you with this.

2.  Your listing isn’t quality. Since most buyers search for their home online now, the quality of your listing matters! If the description is written poorly, or leaves key features of your home out, buyers may pass it right up. Same goes for the quality of the photos. If the listing is good, but the way your home looks could use some work, ask your Central Coast real estate agent for some staging advice.

3.  You’re always home. Buyers appreciate when a seller isn’t around for a showing or open house, as they can look at the home and talk about it freely without anyone breathing down their necks. This makes buyers feel awkward and pressured, so they might not stick around long. Leave as often as you can for showings and open houses, let your agent handle it! Take your family with you, including pets, whenever possible.

4.  You’re stubborn. If your home isn’t selling, it’s time to stand back and determine if you are still too attached to it, or if you’re being stubborn. Negotiations are going to come up in any real estate transaction, and if you’re not willing to negotiate a penny, or a timeline, you may lose an interested buyer. Experienced agents know what types of compromises are worth making, and they will help you determine if a request is too much. They should have your interests above all others!

For more reasons why your Central Coast home may not be selling, check out this RISMedia article, which lists 11 common reasons. If you’ve got questions, or you need help selling, contact us! Our team at Oak Shores Realty is here to help you sell your Central Coast home this summer. The Central Coast real estate market is hot right now, so we suggest that you don’t wait! We can get started as soon as you let us know you’re ready.

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.

Lake Nacimiento Summertime Activities

Lake Nacimiento

Enjoy water sports on Lake Nacimiento

Summer is the perfect season for hanging out at Lake Nacimiento! The sun is shining, the weather is hot, and this summer, Lake Naci is fuller than it has been in years! To help you plan your summertime activities at the lake, check out this guide. Whether it’s your first year living at the lake, you’re relocating to Lake Naci soon, you’re renting a home for the summer, or you’ve lived here forever, you’ll want to keep this guide handy! As your Lake Nacimiento real estate agent, I am here to answer any questions you may have about the lake.

Here’s a few popular activities to enjoy:

  • Water Sports – Have you tried your luck on water skis or a wakeboard? Lake Nacimiento has miles of inlets and coves, open bays and winding rivers, making it ideal for boats to spread out and cruise around turns! This is why it’s so popular for waterskiing, fly-boarding, wakeboarding, wake surfing, paddle boarding, tubing, jet skiing and more. We see a lot of photos and videos of people enjoying water sports on our Lake Nacimiento Facebook page! If you have one you’d like to share, visit our page and do so!
  • Fishing – If water sports are a little too wild for your liking, you might be more of a fishing fan. There’s nothing better than heading out to the lake early in the morning, or late into the evening, and catching a sunrise or sunset while relaxing in your fishing boat and seeing what you catch. Lake Nacimiento is the only lake in California stocked with white bass, and you’ll also find largemouth and smallmouth bass, bluegill and crappie, carp and catfish. Head to an inlet and enjoy some quiet places to cast your line!
  • Boating – Even if you’re not pulling skis or tubes on the end of your boat, you can still cruise out on the lake any time you wish! All types of boats are popular on Lake Nacimiento, from pontoon boats and speed boats, to kayaks and canoes, so just pick the one that best suits you. Pack some sandwiches, water and ice cold beverages, and make a day of it, cruising around the pristine waters, and jumping off the boat for a swim from time to time to cool off in the water!
  • Community Activities – Local communities that surround Lake Nacimiento offer tons of fun, family-friendly activities at the lake all summer long! For example, at Oak Shores, there are Friday Night Pontoon Boat Nights, where you head out on a boat and cruise with your neighbors! There are also special events at the pool, outdoor movies, potluck dinners and more. You can keep up with these events on our Lake Nacimiento Facebook page, or the Oak Shores Facebook page!

All summer long, you can enjoy swimming, boating, fishing, water sports, community activities, sunset strolls, sunbathing, camping, picnicking and more at Lake Nacimiento. What is your favorite summertime activity at the lake? Leave a comment and share!

Enjoy your summer at the lake, and when ready to accomplish Lake Nacimiento real estate market goals this summer, contact me! I’m your Lake Nacimiento real estate agent, here and ready to help you with your buying and selling needs.

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.

Buy A Lake Nacimiento Home Now!

Lake Nacimiento Real Estate

Buy a Lake Nacimiento home for the summer season!

As your Lake Nacimiento real estate agent, I am here to tell you that this spring/summer season is the ideal time to buy a Lake Nacimiento home! There are plenty of reasons for this, but here’s a few to give you a general idea:

  • We’ve got plenty of listings. Much of the country is plagued with few listings, but we’ve got many at Lake Nacimiento and around the Central Coast! Check out our blog to view the latest listings, and contact us to schedule a private showing.
  • It’s nearly summer. If you’ve got a family, late spring and early summer is the ideal time for you to begin your home search. The kids will be out of school, which makes moving and starting new schools next fall so much easier than doing it in the middle of the school year.
  • Home prices are going up. Real estate experts from around the country all predict that home prices will continue to increase for the rest of this year, and for the next five years. Mortgage rates are also predicted to increase. The sooner you buy, the more you could save!
  • You have goals. If you want to buy a Central Coast home, you clearly have goals in mind that you’d like to achieve. Do you want to stop throwing away money on rent? Do you want to become a ‘lake person’ at Lake Nacimiento? Do you want to start a family, or a yearly vacation at a vacation home, or downsize? Stop putting off your goals and contact us to help you achieve them!
  • Lake Nacimiento is full. If there was ever a summer to live on or near Lake Nacimiento, this is it. After years of drought in California, the Central Coast was finally given the rain it needed this past winter, and the lakes are fuller than they’ve been in years! It’s going to be an amazing, active season at the lake.

To qualify for a mortgage in today’s market, you’ll need a down payment, income verification, good credit history and credit score, stable income, asset documentation and an impartial third-party appraisal. Here are some steps you can take to help you qualify for a mortgage:

1.  Find your credit history and score. Report any errors you find in your credit history, and work on lowering debt and raising your credit score if need be.

2.  Start gathering documentation. This includes W-2 forms, tax returns, bank statements, etc.

3.  Contact a mortgage lender. Determine what type of mortgage you qualify for, and the amount, and then ask for a pre-approval letter to show sellers you’re serious.

4.  Contact a real estate professional. That’s where I come in! As a Central Coast real estate agent, I am here to help you through the entire home-buying process in the Central Coast real estate market, and to support you until the keys to your new home are in your hands.

Contact me to get started on achieving your real estate goals on Lake Nacimiento this season!

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.

You Know You Live On Lake Nacimiento When…

Lake Nacimiento

Why to Live on Lake Nacimiento!

What is a ‘lake person?’ It’s someone who has lived on a lake, vacationed regularly at a lake, spent lots of time at a lake, and dreamt of days spent at the lake. As a Lake Nacimiento real estate agent, and longtime resident, I love this article I found from Odyssey about how you know you’re a lake person.

They mentioned a lot of ways to tell if you are one, but here are a few of my favorites:

  • You wave to everyone. Remember the good old days when everyone would wave and greet each other, whether you knew them or not? Well, lake people are still like that! Everyone is friends at Lake Naci.
  • You drove a boat before a car. Maybe you even drove a boat before you rode a bike! Driving your parent’s boat is like a coming of age. Of course, you were probably sitting on a guardian’s lap.
  • You’ve slept in your swimsuit. Hours spent on Lake Nacimiento will leave you feeling happy and exhausted. Who else has walked inside and immediately fallen into a deep nap while still suited?
  • You have a ‘lake pair’ of everything. You’ve learned not to bring your really nice possessions to the lake. You have lake clothes, shoes, suits, hats, bags, towels, etc. When you shop, you first ask yourself, can I wear/bring this to the lake?
  • Your boat is a hydration station. You’ve learned how thirsty you get while cruising out on the lake, so whether it’s water and Gatorade, or wine and beer, you have as many beverages as you have gasoline!
  • You fall down and get back up again. More times than you care to admit, you’ve been thrown off a tube, taken spills on water skis, slipped of a dock, etc. Then you learn from your mistakes and get back up again. This trait carries over into the rest of your life, too!
  • You have memories to last a lifetime. The sunsets, the boat cruises, the fishing trips, the community events, the neighbors you’ve met, the stories, laughs and lessons. You have a lifetime full of them.

What else would you add to this list? How else do you know a ‘lake person’ from one who is not? They listen to Jimmy Buffet on repeat? Their feet have calluses that can withstand any temperature? They have raccoon eyes from the tan around their sunglasses? Share how you can notice a lake person!

Living on Lake Nacimiento is a marvelous experience, and one you can’t fully understand until you do it. If you’d like to become a lake person, full time or otherwise, contact me. I would love to help you buy a Lake Naci home, and to help you relocate to the Central Coast if need be!

I am a Lake Nacimiento real estate agent, helping people become ‘lake people’ one person or family at a time.

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.

Benefits to Living on Lake Nacimiento

Lake Nacimiento Real Estate

Living on Lake Nacimiento, CA

Have you always dreamed of living on a lake? Lake Nacimiento is your perfect chance! As a Lake Nacimiento real estate agent, I have many waterfront listings currently available, and I can fill you in on all of the wonderful perks you can enjoy by living on or near a lake.

One obvious perk is the amazing views you get to enjoy from your home year-round. Look outside and see the calm water and beautiful surroundings. Now that the lake is 56 percent full after all the recent rain we’ve received, the view is even better!

Here are a few more obvious perks to living on or near Lake Nacimiento:

  • You get to enjoy ample privacy. Homes around Lake Nacimiento aren’t as smashed together as most common neighborhoods and communities in the country. You typically get to enjoy more land, more space, and more privacy from your neighbors. This means less noise from people, traffic and other sources.
  • You can relax. Many Americans find it hard to relax, even at home. The to-do list is never-ending. However, when you live on or near Lake Nacimiento, living in this tranquil setting helps you to relax. Start your morning on the back porch, watching the sunrise. Or end your day with a sunset stroll. When your body aches, take a dip in the water.
  • You’ve got endless entertainment options. You barely have to walk outside of your home to find an endless list of entertainment options waiting for you. Go swimming, boating, fishing, or get courageous with popular watersports that take place on the lake. You could also unplug and go camping, even if it’s in your own backyard!
  • You can live a healthy lifestyle. If you have a goal to be healthier this year, it’s easy to accomplish this goal with lake living. Because of all the entertainment and activities at your doorstep, it’s easy to be more active than you might otherwise be. Plus, if you’re more relaxed, you’ll feel healthier, too.
  • You’ve got a community behind you. You can enjoy privacy inside your home, but within the community you live in, you can make friends and find a great support system! The communities I work in often host community events to help everyone get to know one another.

When you are ready to buy a Lake Nacimiento home, contact me! As a Lake Nacimiento real estate agent, I am dedicated to helping Central Coast homebuyers find the home of their dreams on our beautiful, tranquil lake. Contact me for relocation assistance, with any questions you have, or to get started on the home-buying process!

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.

Why You Should Buy Your Lake Nacimiento Dream Home Now

Lake Nacimiento Real Estate

Lake Nacimiento Home Buyers

Have you been putting off the purchase of a Lake Nacimiento home, even though it’s been your dream? Have you been wanting to relocate to the Central Coast, but haven’t felt confident that now is the right time? Have you fallen in love with your dream home but haven’t made an offer yet?

As your Lake Nacimiento real estate agent, I am here to calm some of your fears about the home-buying process. I understand that it’s hard to know when the right time to buy a home is. You constantly wonder what mortgage rates will do, where home prices will go, and what your future holds.

While no one can predict your future, I can give you some insight on the other factors.

Mortgage Rates – I’m sure you’ve heard that mortgage rates are near historic lows right now, but it’s worth repeating. Did you know that in the 1970’s, interest rates were 8.86 percent? In the 80’s, they were a whopping 12.7 percent! In the 90’s they were back to 8.12 percent, in the 2000’s they were 6.29 percent and right now, they are sitting around 3.46 percent.

That means that on a $200,000 house, your mortgage payment in the 1980’s would have been $2,166 for a 30-year fixed rate mortgage. Now, that payment would be $894. That’s a huge difference!

No one can predict when rates will go up again, but many housing experts predict that they will soon. It’s smart to buy now, while you can score such a great rate on a mortgage loan.

Mortgage Values – You’ve been paying close attention to home prices, but what about home values? The price matters right now, but the value matters in the long run. Someday, you will be selling your home, and ideally, you’d like to build equity by the time that day arrives.

According to the latest Home Price Index, home values are projected to increase by 5.3 percent over the next 12 months! This is great news for current buyers. If you wait 12 months to purchase a $250,000 house, you could pay $13,250 more! If you buy now, you could save a lot of money down the road.

Plus, this means that if things keep going in the direction that they’re going now, you can sell your home for more than you bought it for down the road. That is investing in your future.

Personal Reasons — It’s also important to remember why you want to buy the Lake Nacimiento home to begin with. Do you want to raise your family in a quiet, family-friendly area? Do you want to retire at the lake and enjoy mornings fishing or walking along the shoreline? Do you want a space to call your own, or a good place to raise children, or a place that makes you feel safe?

These are all common reasons why people purchase homes. You have a reason to buy a Lake Nacimiento home, so let’s make it happen! Contact me, your Central Coast real estate agent, and we can get going on the home-buying process.

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.

Chimney Fire Update 8-29-16 – Lots of GREAT NEWS!

Chimney Fire Updates

Latest Chimney Fire Affected Areas

Since our last blog update on the Chimney Fire last Wednesday, Aug. 24, there have been outstanding advances and fantastic news! The latest is that as of 5 p.m. today, Monday, all Chimney Fire evacuations will have been LIFTED. This includes the Bryson Hesperia area of Monterey County, including all areas south and west of Lake San Antonio. Hearst Castle is also now out of harm’s way.

Residents will be able to return to their properties and all road closures will be removed. Evacuation orders were lifted last week for Oak Shores and the surrounding area, and Lake Nacimiento is open to the public. I know firsthand how happy homeowners feel when they can return to their homes, and to still have homes to return to. Our prayers continue to go out to all those who lost homes in this devastating fire.

The latest CAL FIRE update on the Chimney Fire as of this morning was that the fire acreage was at 45,844 and containment has reached 61 percent. Fire remains burning in the North West area of the fire, but no more homes were lost. Fire crews are working on 100 percent containment in steep, difficult terrain with rising temperatures and lower humidity.

It is absolutely incredible what these firefighters and crews have done to keep us safe and to achieve increased containment almost every single day. We thank them with all of our hearts, and we continue to pray for their safety and for full containment as soon as possible!

The Oak Shores Community Association and many other sponsors will be hosting a Fireman and First Responder Appreciation BBQ this coming Sunday, Sept. 4, at 5 p.m. If you are interesting in attending or becoming a sponsor, please contact me for further details!

As a reminder, though evacuation orders have been lifted, residents are still asked to create and maintain defensible space and to harden their homes against flying embers. Also, be ready to evacuate at any time. Get your family and home a head start incase this needs to happen again, but pray that it does not!

If you are visiting the lake, the general public is reminded to use caution in the area, as there are still a large number of fire resources and firefighters in the area. Respect private property rights of nearby communities, and use every precaution against causing harm to the lake or surrounding area.

We will continue to keep you in the loop with all Chimney Fire updates on Facebook! Check out the Lake Nacimiento Facebook page and the Oak Shores Community Association Facebook page.

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.

Why to Buy a Lake Nacimiento Home Now!

Lake Nacimiento

Lake Nacimiento Home-Buying Tips

Are you thinking about buying a Lake Nacimiento home now or soon? As your Central California real estate agent, I am here to tell you that now is a great time to do so! There are many perks to homeownership, a few of which I’d like to share with you today.

Net Worth

Every three years, the Federal Reserve conducts a survey, in which they collect data across all economic and social groups. The latest survey includes date from 2010 through 2013, and this survey reports that a homeowner’s net worth is 36 times greater than that of a renter.

However, in a recent Forbes article, the National Association of Realtors’ Chief Economist predicts that in 2016, the net worth gap will widen even further to 45 times greater!

Either way, it’s smart to look at homeownership as a way to force yourself to save. Every time you pay your mortgage, you are increasing your net worth. Someday, you will sell your home and see most, all or more than the money you put into mortgage payments. When you rent, you will never see it again. Or, said another way, you are contributing to your landlord’s net worth instead of your own.

This explains why in the latest National Housing Pulse Survey, 85 percent of consumers said they believe purchasing a home is a good financial decision.

Mortgage Rates

Mortgage interest rates have fallen for six consecutive weeks! No one could have predicted this, but Lake Nacimiento homebuyers are jumping for joy. Rates are currently hovering near their 2015 lows at 3.59 percent.

As Realtor Magazine explained, “If Treasury yields were to hold at current levels, mortgage rates might well sink a little further before stabilizing.” However, it’s important to note that industry experts still predict that rates will increase before the year is over, and could reach 5 percent by next year.

The higher the rate, the higher your mortgage payment will cost you each month. Also, home prices continue to increase as well. So, the sooner you buy, the more you could save!

Tax Deductions

Taxes are on everyone’s mind this time of year, so it’s important to mention that homeowners get to enjoy numerous tax deductions. These can include mortgage interest deductions, prepaid interest deduction, property tax deduction, PMI and FHA mortgage insurance premiums, vacation home tax deductions, homebuyer tax credit, energy-efficient upgrades and more! To learn more about each of these tax deductions, check out this HouseLogic article.

These are just some of the many perks to homeownership, and why you should buy a Lake Nacimiento home now! If you have questions, or you’re ready to begin the home-buying process in the Central California real estate market, contact me, your Central California real estate agent!

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.