George Fotion
January 2020
At Your Service

Should You Buy a Fixer-Upper?
Home prices continue to rise, which is keeping many a renter out of the market. But, fixer-uppers present a potential opportunity. For starters, the lower prices create the affordability that is lacking in other segments of the market. So should you be looking for one? We’re breaking down the pros and cons.
      The ability to buy a house: Median home prices are at a record high, while affordability is at one of its lowest points. The reality for many people is that there seems like there is no end in sight to renting. A fixer-upper may present an opportunity simply because of the lower price point that gets you in the door.
      Pride of
Mortgage Rates
U.S. averages as of January 2020:

30 yr. fixed: 3.74%
15 yr. fixed: 3.19%
5/1 yr. adj: 3.45%

of ownership: Pride of ownership is a real thing for homebuyers. And that pride grows even stronger when you’ve had a hand in making
Wondering What Your Home Is Worth?

Are you kidding me?!

Another “what’s my home worth” website.  Put me to sleep already.

If you’ve been following me for any time, you know I keep on the cutting edge of real estate tech so that you benefit by becoming a more powerful buyer, seller or just well informed homeowner.  So, what can I do that no other algorithm can do?  How about this!?  Wouldn’t it be fascinating to know just how many buyers are searching for homes right now matching your home’s characteristics?  And imagine this … since I can accomplish this service for you, do you think maybe I might know who those buyers are?  [Hint: The answer is yes]  So when it comes time to sell, who are you going to hire?  That agent that is flailing away randomly advertising in magazines or social media or whatever the heck they’re doing not knowing who or what they’re targeting, or a broker, like me, that will focus marketing on exactly the right audience thus increasing demand making your home sell with less stress to you and for more money for you?  Let’s talk about it.  Contact me so that I can send you the link so you can find out right now how many buyers are searching for a home like yours today.  Click the image below to start the process it will take just a few secconds


Real Estate Market Predictions for 2020
     If it’s the end of the year, it must be time for the soothsayers to come out. When it comes to predictions for the real estate market, well, there are a lot of them. We’ve taken the temperature of the experts to get a feel for what we can expect in 2020. 
      Grain of salt warning: There was widespread agreement in 2018 about rising mortgage rates in 2019, that, initially proved true. But, ultimately rates went down—and stayed there. Experts can make educated guesses based on a wide range of economic factors, but with an impeachment hearing in the Senate pending and what is likely going to be a bonkers presidential election, anything could happen. That being said, there are some predictions we feel pretty good about—and some you’ll

8 Tips for New Homeowners Moving to a New State
     No matter why you’re moving, whether you got a brand new job in a different city or simply want a change of life, it can be tough to relocate. And all of that doesn’t even take into account the process of moving all of your belongings from one state to another. In this guide, we will be going over some tips to help you pack up your life and move to a whole new state.
      1. Do plenty of research. Before you actually start the moving process, you should start by researching the city to which you plan to relocate. From local shops to schools and food chains, you should know exactly what your new city has to offer. We highly suggest doing a thorough internet search or, if possible, even driving through the city to get a better understanding of the area.
      2. Search for your new home. Before you take the plunge and move to a new city, you should spend at least a couple months beforehand finding a new home.

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How to tell if home prices in your neighborhood will go up or down

It’s all and ONLY about the effects of supply and demand and those forces are changing constantly. If you’re thinking about selling your house and basing what to list your home for on past competitive sales (the traditional way real estate agents price property) then you’re making a big mistake. Did you know that 37% of the listings in Palos Verdes Estates had price decreases during the listing’s term, 46% in Rancho Palos Verdes, 16% in Rolling Hills Estates and 7% in Rolling Hills? All of these numbers are UP from the last month. One of the MOST important duties a real estate broker has is to price the property right – from the BEGINNING. That way, maximum competition exists for the home you’re selling and that competition among buyers to own your home, gets you the highest net cash possible from the sale. Get the pricing element wrong and you’re off to a rocky start and you will leave tens if not hundreds of thousands of dollars on the table that rightfully should be in your pocket. Want to learn more? Send me an email and let’s set up a time to talk about it.  Meanwhile to understand what might happen next to prices of homes, go here and play the video now



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George Fotion,REALTOR
(424) 226-2147
Call Realty Best Palos Verdes Homes

433 Via Corta
Palos Verdes Estates CA 90274

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