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Ray Lumenario | Sonny Bhinder Real Estate Team. Blog

Friday, July 23, 2021   /   by Ray Lumenario

Which Is Better to Buy? Old House or A New House

Old house vs. new house: If you’re buying a place to live, this may be one of your primary decisions. Personal preference is everything, and what suits a buyer or family might be unacceptable for another. Cost, size, location, maintenance, and character are just a few of the many factors homebuyers care about.

Advantages Of Buying An Older Home

Old-World Construction: Older houses have stood for decades, some for centuries, and have weathered many storms. Some have been handcrafted by real artisans with great attention to detail. The old adage "They don't make them like they used to" 

Larger Yards: When the land was cheaper, builders built larger plots and left space for garages in alleys and larger sides, front and back yards.

Established Neighborhoods: Zoning changes are unlikely in older areas, so older homes have a more predictable environment. Older neighbourhoods can even be considered historic, with high conservation value.

Matu ...

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Thursday, July 15, 2021   /   by Ray Lumenario

5 Essential Tips For First-time Homebuyers

There's a lot to anticipate as a first-time homebuyer, from searching houses online to visiting prospective neighbourhoods. But after the underlying energy of choosing to dive in, what comes next? How long will it be before you're choosing paint tones and acquainting yourself with the neighbours?
Here are the 5 essential tips to assist you with your homebuying
Determine how much you can afford

Consider what your monthly payments are today and what they will be after you bought the house. These includes:
Credit Score

Closing Cost

Get Pre-approved 

Getting pre-approved means that a lender has reviewed your income, expenses, and credit report and has conditionally agreed to approve you to loan an amount of money for a mortgage. Here are the 5 things you'll need for pre-approval:
Proof of Income
Proof of Asset
Good Credit
Employment Verification

Find A Realtor
Most first-time homebuyers want to work with a real estate agent. An ...

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  real estate, home, home for sale, buy a home, home renovation, mortgage, renovation

Thursday, July 8, 2021   /   by Ray Lumenario

4 Things To Do Before Selling Your Home

Find A Real Estate Agent
Don't simply hire a realtor who always sent you a flyer or one of your uncle's companions or a cousin's friend. Do some research to find a knowledgeable realtor in a specific market, and interview the realtor to make sure that he/she is a good fit.
Your realtor ought to be somebody you feel open to working with, whom you trust to sell your home for as much as possible. Try not to be hesitant to converse with a couple of realtors before picking one.

Understand The Market Value Of Your Home
Your realtor will help you with this. As an expert in this area, your realtor can tell you how much your home's worth is. Realtors have the right tools and resources to find different information about your home, the current market situation and other things related when selling a home. Alternatively, you can always go and check the internet and see what your home worth is.

Make Necessary Repairs
You don't want to put off a buyer because of minor repairs be; ...

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  home, real estate, home for sale, home selling

Thursday, May 13, 2021   /   by Ray Lumenario

5 Common Real Estate Investing Mistakes

Although real estate may seem to be a safe bet for anyone, many investors make the same mistakes. Eliminate these errors from your investment activities and you will be well on your way to accumulate the wealth you want. 

1. Poor search. Most of us do a lot of research when planning our vacation or buying a new TV. If you were buying one worth 100k, you can bet you would do even more research! Well, you should do that when you buy a piece of real estate, too. 

2. Insufficient funding. Real estate investors often like wheels and transactions, and their transactions can have a lot of moving parts. Balloon payments, interest payments only, owner financing, subject to, and many others are ordinary. 

•To make a deal, we can get carried away doing everything in our power. Getting a great price does not always justify the treatment if funding is inadequate. 

3. Trying to do everything yourself. Although all real estate investors try this one time or anothe ...

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  investing, real estate, home, investing in real estate, real estate investment