Considerations when Purchasing Investment Rental Properties

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he HOP (Home Ownership Podcast) Episode 106: Hosted by Village Properties Realtor, David Charles Allen. In this episode, David reviews the interest rates and sales stats before discussing things to consider when purchasing investment properties as rental income. Interest rates were down a bit with jumbo 30-year loans at 4.375% and conforming 30-year loans at 4.875%. Regarding the sales stats, the new listings were at 60, which is higher than they’ve been in a long time and price drops were at 26, which is also higher than they’ve been in recent months.

To reach David, email him @ david@davidcharlesallen.com or call him at 805-617-9311.

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Watch Out for Phony Airline Sites!

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Airline travel is back in full swing, but scammers are taking advantage of increased flight cancellations with a new con. BBB Scam Tracker has received multiple reports of scammers creating fake airline ticket booking sites or customer service numbers to charge travelers for rescheduling fake flights. If you are buying airfare, use caution and double-check the URL or phone number before providing your credit t information.  https://www.bbb.org/local-bbb/bbb-of-the-tri-counties

A BIG thank you to Ayers Automotive Repair in Santa Barbara for sponsoring this podcast.

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The Market is Becoming More Balanced

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The HOP (Home Ownership Podcast) Episode 105: For the last couple of years, it has definitely been a Sellers Market but Village Properties Realtor and host of the HOP (David Charles Allen), feels that the market is becoming a little more balanced. Houses are sitting on the market a little longer and there are more price drops. Interest rates continue to fluctuate.

Currently, 30 year fixed jumbo loans are down to 4.375% and 30 year fixed conforming loans are at 5%. While historically this is still a lot rate, new buyers have to get over the mental hurdle of missing out by not taking action when rates were lower. You can email David at david@davicharlesallen.com or call him at 805-617-9311.

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Beware of the Pavement Scams!

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If your driveway needs paving or repairs, don’t trust just anyone to do the job. BBB Scam Tracker has numerous reports of unscrupulous contractors who trick homeowners with supposedly good deals. Homeowners end up with shoddy pavement — or nothing at all — to show for what they paid and, in some cases, have lost over $8,000 in the process. In this episode you’ll learn how the scam works and how to avoid it. A BIG thank you to Ayers Automotive Repair in Santa Barbara for sponsoring this podcast!

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BBB Shares Tips for Online Returns

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Online shopping is growing, which means online returns are increasing, too. However, policies and processes vary from store to store. Figuring out how to get your item back to the seller and your refund in the bank isn’t always easy. To make the process as smooth as possible, BBB recommends tips for returning online merchandise. A BIG thank you to Ayers Automotive Repairs in Santa Barbara for sponsoring this podcast.

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Interest Rates Up & Down on a Weekly Basis

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The HOP (Home Ownership Podcast) Episode 104: It was a beautiful week in Santa Barbara with temperature in the 70’s. Surfers may be in for a treat as a South Swell may be coming. Interest rates have been up and down. Currently 30-year jumbo loans are at 4.625% and 30-year conforming loans are at 5.5%. Last week there were 47 new listings, 14 price changes, 26 pending sales, 3 expired listings, 25 that closed and 6 coming soon. The supply is slowly building but homes are taking longer to sell.

To contact the host, Village Properties Realtor David Charles Allen, email david@davidcharlesallen.com or call 805-617-9311.

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How to Spot Hidden Fees

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With the rising prices of gas and seemingly everything else, restaurants, travel companies, rideshares, and other businesses are tacking on new fees to the basic costs of their services. Businesses are feeling inflation impacts just as the rest of us are, and some are adding fees to help them survive. Consumers should be aware of what fees businesses are adding, so they can make informed decisions on where to spend their money. These hidden fees might not be evident at first glance, so if you want to avoid paying them, or at the very least plan for them in your budget, there are a few things you should do. BBB recommends the following tips to help you spot fees and avoid them when possible.

A BIG thank you to Ayers Automotive Repair in Santa Barbara for supporting Your Moment of Trust.

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Interest Rates Take a Dip

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The HOP (Home Ownership Podcast) Episode 103:  Village Properties Realtor and host of the HOP, David Charles Allen, gives the latest Santa Barbara Real Estate Stats.  Last week. there were 40 new listings, 12 price changes, 36 coming soon, 24 pending and 10 expired listings.  Surprisingly, interest rates dropped from almost 6 per percent to below 5 percent. Interest rates on thirty-year fixed loans dropped down to 4.875% and thirty-year jumbo loans dropped to 4.5 percent.  Houses are not selling quite as quickly as they were a couple of months ago due to a number of factors which David discusses in this episode.  

David and co-host Patti close the show by talking about their fur babies.  David recently took a long road trip with his dogs and cat.  Find out how it went!

You can reach out to David by calling 805-617-9311 or email david@davidcharlesallen.com

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Tips to Choosing a Realtor from BBB of the Tri-Counties

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Buying and selling a home is a major decision, so be sure to choose a real estate agent who will guide you through the process. Look for an agent or broker who is experienced, knowledgeable about your housing market, and always acts in your best interest. Listen to the tips in this episode as a guide.

A BIG thank you to Ayers Automotive Repairs for sponsoring this podcast.

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Inflation: How to Get By When Prices are High

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Welcome to this week’s edition of Your Moment of Trust! Inflation is higher than it has been since the 1980s in both the United States and Canada. With prices rising on everything from gas to groceries to housing costs, how can you buy what you need and still stay on budget?

Inflation is impacting every household. The same amount of money buys less than it did just months ago, so paychecks don’t go as far. When price hikes hit people who already have limited budgets, covering basic monthly expenses becomes difficult. Parents may find themselves having to choose between healthy meals and cheaper, less nutritious options.

Young people must decide whether to put gas in their tanks or pay tuition. All income levels are showing signs of financial stress. Even high earners are cutting back. In this podcast BBB of the Tri-Counties gives tips for dealing with higher prices.

A BIG thank you to Ayers Automotive Repairs in Santa Barbara for sponsoring this podcast.

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