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Are You Mortgage Ready?

The Home Buyer’s Guide to Getting Mortgage Ready

Don’t wait until you’re ready to move to start preparing financially to buy a home.

If you’re like the vast majority of home buyers in the Lake Oroville or Paradise or Chico real estate makets, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers face when applying for a mortgage.

The requirements to secure a mortgage may seem overwhelming, especially if you’re a first-time buyer. But I’ve outlined three simple steps to get you started on your path to homeownership.

Even current homeowners with a homes for sale in Oroville, Paradise or Chico,  it’s a good idea to prepare in advance so you don’t encounter any surprises along the way. Lending requirements have become more rigorous in recent years, and changes to your credit history, debt levels, job type and other factors could impact your chances of approval.

It’s never too early to start preparing to buy a home. Follow these three steps to begin laying the foundation for your future home purchase today!

 

STEP 1: CHECK YOUR CREDIT SCORE
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Weekly Oroville Home Sales Roundup

This latest edition of the weekly Oroville home sales roundup shows that the Lake Oroville real estate market may finally be normalizing.

Price stabilization seems to be taking hold as monthly  median prices have barely moved over the past 12 months. Between April 1, 2014  and March 31, 2015 the median Oroville area home price (the midpoint price of all homes sold)  was $145,000. During this time, the highest monthly median price was September 2014 at $159,000 and the lowest price being recorded this March at $128,895. In addition, March was the first month since May 2013 that the monthly median price was lower in the current year than it was in the same month of the previous year.

There are two things that you should be watching very closely if you are trying to gauge the health of the Oroville real estate market. One of those things is Continue reading

Lake Oroville’s Christmas Spirit

As I said before: The Lake Oroville real estate market is certainly not short of it’s share of parades.

In case you missed it, or it was just too darned cold outside for you, here is a short video of the parade with only one small complaint. Can someone control the number of Santa Claus’s that are in the parade?  As one 4 year old girl put it. “There were 5 Santas in the parade and there is only supposed to be one Santa!”

 

MERRY CHRISTMAS EVERYONE

 

It’s Deja Vu All Over Again!!

Welcome to Deja Vu all over again for the national real estate market!!

Do you think that this industry will ever learn why the real estate market fell nearly into oblivion over the past 6 years? I don’t.  Here is the web page from CNBC that discusses the new Continue reading