If you need assistance, please call 818-248-8668

Real Estate | The Markarian Realty Guide Blog

Thursday, July 11, 2024   /   by Vic Markarian

The Price of Perfection: Don’t Wait for the Perfect Home

In life, patience is a virtue – but in the world of homebuying, waiting too long in hopes of finding the perfect home actually isn't wise. That’s because the pursuit of perfection comes at a cost. And in this case, that cost may be delaying your dream of homeownership. As Bankrate explains:
“One of the most common first-time homebuyer mistakes is looking for a home that checks each of your boxes. Looking for perfection can narrow your choices and lead you to pass over good, suitable options for starter homes in the hopes that something better will come along.”
The Cost of Holding Out for Perfection
Nothing in life is ever perfect – and that's true when you search for a home too. Unless you’re building a brand-new home from the ground up, chances are there are going to be some features or finishes you wouldn’t have picked yourself. It may be as simple as paint colors, a light fixture, or the tilek ...

  home buyer, home buying process, home prices, home buying, buyer's market, homeownership, los angeles, glendale, first time home buyers, buyer tips 2024, real estate market 2024, rent vs. buy, mortgage 2024, homeowner tips 2024, the price of perfection don’t wait for the perfect home

Thursday, July 4, 2024   /   by Vic Markarian

Homeownership: The Heart of the American Dream

Everyone’s vision for the future is personal and unique. But for many, common goals include success, freedom, and prosperity — values closely tied to having your own home and the iconic feeling of achieving the American Dream.
A recent survey by Bankrate reveals exactly that: homeownership is still a part of the American Dream. The results show, at 78%, that owning a home tops the list, surpassing other significant milestones such as retirement, having a successful career, and more (see below):
So, why is buying a home important to so many today? One reason is the financial and physical security it provides. Many people see homeownership as a way to reduce stress because owning a home with a fixed-rate mortgage stabilizes what is likely their largest monthly expense.
Another factor is the potential for building wealth. That’s because, over time, homeowners gain equity as they pay down their mortgage and as hok ...

  home buying process, home buying, homeownership, los angeles, glendale, for buyers, first time home buyers, buyer tips 2024, real estate market 2024, rent vs. buy, mortgage 2024, homeowner tips 2024, home equity 2024, home equity, homeownership: the heart of the american dream

Thursday, July 4, 2024   /   by Vic Markarian

Homeowners Gained $28K in Equity over the Past Year

If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you're building equity much faster than you might think. Here’s how it works.
Equity is the current value of your home minus what you owe on the loan.
Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that’s pushed prices up. That rise in prices has translated directly into increasing equity for homeowners.
How Much Equity Have You Earned over the Past 12 Months?
According to the latest Homeowner Equity Insights from CoreLogic, the average homeowner's equity has grown by $28,000 in the last year alone.
That's the national average, so if you want to see what's happening in your state, check out the map below. It uses data from CoreLogic to show how much equity has grown in each state over the past year. You’ll notice every sk ...

  home buying process, home prices, competitiveness, buyer's market, market value, pricing strategy, homeownership, los angeles, glendale, buying a home, first time home buyers, buyer tips 2024, real estate market 2024, rent vs. buy, mortgage 2024, homeowner tips 2024, home equity 2024, housing market updates

Tuesday, July 2, 2024   /   by Vic Markarian

BEST REALTORS IN GRANADA HILLS, CA, SIMPLIFY MORTGAGE RATE FLUCTUATIONS FOR BUYERS

Vic Markarian, a top real estate agent in Granada Hills, CA, understands that mortgage rate fluctuations can be a significant concern for homebuyers. Economic trends, inflation, and other factors contribute to these changes, making it essential for buyers to stay informed. “Keeping up with mortgage rate fluctuations can be stressful,” says Markarian. “That’s why we provide expert guidance to help you understand what these changes mean for you.”
Navigating the complexities of the real estate market requires a knowledgeable and trusted partner. Realtor agents in Granada Hills, CA like Markarian offer invaluable insights into how these economic variables impact home buying decisions. “It’s crucial to have a professional who can break down the details and provide clarity,” Markarian adds. “We simplify the process and help you make informed choices.”
Despite current challenges, there are positive signs for homebuk ...

  home buyer, home seller, mortgage, mortgage rates, los angeles, glendale, buyer tips 2024, real estate market 2024, mortgage 2024, homeowner tips 2024, home equity 2024, best realtors in granada hills, ca, simplify mortgage rate fluctuations for buyers

Thursday, June 27, 2024   /   by Vic Markarian

Focus on Time in the Market, Not Timing the Market

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered.
If you’re able to buy at today’s rates and prices, it may be better to focus on time in the market, rather than timing the market.
The Downside of Trying To Time the Market 
Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while experts agree that’s still what’s ahead, shifts in various market and economic factors have pushed back the timing of when that’ll happen. Here’s how that’s impacted homebuyers who’ve been sitting on the sidelines. As U.S. News says:
“Those who put off bk ...

  home buyer, home prices, buyer's market, los angeles, glendale, buying a home, first time home buyers, tips to buy a house, buyer tips 2024, real estate market 2024, pricing, focus on time in the market, not timing the market

Markarian Realty Group
3237 N. Verdugo Rd.
Glendale,, CA 91208
818-248-8668
DRE# CalBRE# 01059771

Based on information from California Regional Multiple Listing Service, Inc. as of July 13, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
This site powered by CINC: www.cincpro.com